Sky Network Television has reported solid financial results for the 2024 financial year, achieving revenue of $766.7 million, up 1.6% from the previous year.
The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) also saw a 2.9% increase to $153m.
However, net profit after tax (NPAT) declined by 3.7% to $49.2m, primarily due to higher depreciation costs.
Sky's customer relationships remained steady at 938,760.
The company's free cash flow saw a significant growth of 43.2% to $23.7m.
As a result of its performance, Sky's board has declared a fully imputed dividend of 19 cents per share, representing a 26.7% increase.
Sky chair Philip Bowman expressed satisfaction with the financial results, noting the company's resilience in a challenging economic environment.
Chief executive, Sophie Moloney, attributed the success to the team's hard work and the strength of Sky's strategy.
See more
