oOh! Media has reported a 17% increase in revenue for the half year ending 30 June 2025, reaching $336.2 million bolstered by transit networks.

The company's adjusted underlying net profit after tax (NPAT) rose by 46% to $26.5 million. The interim dividend was increased by 29% to 2.25 cents per share, fully franked.

Adjusted gross profit increased by 13% to $140.6 million, with new contract wins contributing 20% of the total revenue growth.

Adjusted underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 27% to $62.2 million. Net debt was reduced to $105.0 million as of 30 June 2025, with a gearing ratio of 0.7 times.

Revenue from the Road segment increased by 19% to $120.3 million, driven by large format digital, including the West Gate Freeway. Street Furniture and Rail revenue increased by 19% to $108.0 million, supported by the rollout of Sydney Metro assets and the Woollahra contract.

Retail revenue saw a modest increase of 1% to $58.6 million, with strong growth in New Zealand being offset by a competitive market in Australia. The Fly segment revenue increased by 43% to $31.8 million, attributed to airport terminal upgrades and increased advertiser interest. The City & Youth segment revenue decreased by 3% to $9.4 million, impacted by a delay in the launch of MOVE 2.0. Other revenue grew by 27%, including growth in Cactus and early revenues from reo.

As previously reported, James Taylor is expected to commence as CEO in early 2026, following Cathy O’Connor's decision to step down.

O’Connor said, "Out of Home remains the best performing channel in Australian media, and with our market leading portfolio of over 35,000 assets reaching 98% of metropolitan Australians weekly, we are well positioned to continue our strong momentum in a rising market."

She added, "The win of Transurban’s Melbourne and Brisbane motorway contracts during the period demonstrates our capability to secure and retain premium assets. It has added 42 premium motorway sites to our network, further cementing our market leadership position in all five capital cities."

Reflecting on the financial outlook, O’Connor noted, "Reflecting our strong earnings performance, financial position and the Board’s confidence in the business outlook, our interim dividend has been increased by 29% to 2.25 cents per share."