GTN Limited (ASX:GTN) Announces Half-Year Results
Financial Performance
GTN Limited reported revenue of $96.7 million for the half-year ended 31 December 2024, a 2.0% increase year-on-year. Net profit attributable to members rose by 10.8% to $4.856 million. EBITDA increased by 10% to $9.3 million. Net tangible assets per security increased from 49 cents to 53 cents.
Dividend Declaration
The company declared an interim FY2025 dividend of $0.0247 per share, payable on 27 March 2025 to shareholders on record by 7 March 2025.
Share Buyback
GTN Limited has initiated a share buyback of up to 10% of its outstanding shares over twelve months. In the half-year, the company repurchased and retired 4,000,000 shares for $1.88 million, at an average price of $0.047 per share.
Operational Update
The company plans to exit the Drones business by selling the ATN fleet in the second half of FY25.
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