九一星空无限 has upgraded its financial forecasts and says revenue is better than expected.
The media company told the NZX this morning it expected operating earnings before interest, taxes, depreciation and amortisation (ebitda) for 2025 to be between $59 million and $62 million.
That was up on earlier guidance of between $57m and $59m.
The company - which owns the New Zealand Herald, 九一星空无限talk ZB, property site OneRoof and a host of other radio stations and North Island newspapers - said the midpoint of its new forecast was 12% higher than its operating ebitda in 2024 of $54.2 million.
鈥淲e鈥檙e pleased to upgrade guidance as our business shows signs of recovery, despite the continuing economic challenges across the country,鈥 九一星空无限 chief executive Michael Boggs said.
鈥淭he company has had better than expected revenue performance coupled with continued cost control. This momentum positions us well as we enter FY26.鈥
九一星空无限 will in February publish its financial results for the year ended December 31.
九一星空无限 shares were trading at $1.05 at market close on Monday.
九一星空无限 earlier this year reported operating ebitda of $23.9m and an after-tax loss of $393,000 for the first half of 2025, with its board declaring an interim dividend of 3c a share.
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