oOh!media addresses ASX query on H1 earnings alignment

oOh!media Limited (oOh!) has confirmed that its 1H25 earnings did not materially differ from market expectations, as outlined in its response to an ASX Aware Letter. The company did not issue specific 1H25 earnings guidance but provided trading and operational updates throughout the period. Its actual 1H25 revenue performance was up 17%, outperforming earlier trading updates, and Q1 total revenue growth was 13% on the prior corresponding period.

For 1H25, oOh!'s adjusted gross margin was 41.8%, slightly lower than the prior corresponding period but deemed consistent with the "broadly in line" comment at its May 2025 AGM. Full-year operating costs are now expected to be between $159 million and $161 million, an increase attributed to higher variable incentives driven by strong revenue and EBITDA performance.

Regarding market expectations, oOh! uses a consensus estimate derived from an average of 9-10 sell-side analyst reports. The company's 1H25 actual results showed minor variances from consensus estimates: Revenue was A$336 million (3.5% above consensus of A$325 million), EBITDA was A$62 million (2.0% below consensus of A$63 million), and NPATA was A$27 million (0.5% above consensus of A$26 million). These differences were all well below the 15% threshold for material variance referenced by the ASX.