oOh!media Receives $1.40 Per Share Takeover Offer From Pacific Equity Partners

oOh!media Limited is growing and strengthening its position in the out of home advertising market. On 29 April 2026 it also announced it had received a takeover proposal along with updates on its recent performance and future outlook.

oOh!media Limited (ASX: OML) 

on 29 April 2026 announced it received an unsolicited non binding indicative proposal from Pacific Equity Partners. The offer is to acquire the entire issued share capital of the company for cash of A$1.40 per share through a scheme of arrangement. The proposal is not final and depends on several conditions. These include completion of due diligence by the bidder, agreement by the company board to recommend the deal, approval from the bidder investment committee and signing of a binding scheme implementation deed. It also requires regulatory approvals from foreign investment authorities in Australia and New Zealand. The bidder may adjust terms based on capital changes or liabilities. The board is reviewing the proposal and no action is recommended to shareholders at this stage. There is no certainty the transaction will proceed.

CY25 financial performance

For CY25 oOh!media delivered total revenue of $691.4 million which was 9 percent higher than the previous year. Adjusted gross profit reached $298.8 million while margin was 43.2 percent due to higher fixed costs and incentive payments. 

Operating expenses were $149.2 million showing a 3 percent rise. Adjusted EBITDA stood at $139.1 million with margin near 20.1 percent. Adjusted net profit after tax was $63.0 million reflecting 7 percent growth and earnings per share reached 11.7 cents. 

Statutory net profit was $16.9 million after a $30 million impairment linked to New Zealand assets. The company also paid a full year dividend of 6.25 cents per share fully franked. 

Business conditions and operating updates

The out of home media segment continued to outperform wider advertising channels during CY25 with industry revenue growth of about 11 percent. The company achieved strong performance in the first half driven by improved sales execution and higher demand. 

The second half became weaker due to softer economic conditions and reduced advertising budgets. The loss of the Auckland Transport contract also impacted results in New Zealand. Despite this the company expanded its asset base and secured new contracts including major motorway advertising assets in Melbourne and Brisbane. 

Revenue growth was supported by improved go to market execution and disciplined contract management. Cost control remained tight with spending increases kept below inflation levels.
The business maintained a strong balance sheet position and continued investment in new advertising infrastructure.

CY26 outlook 

For CY26 the company reported that media revenue in the first quarter is currently tracking at 7 percent growth in Australia. At group level performance is about 3 percent due to weaker New Zealand results following the loss of a major contract.

The out of home sector is expected to continue gaining share from other media channels. The operating costs for the full year are expected to remain broadly flat compared with CY25 whereas investment continues to support growth. 

Capital expenditure is planned between $55 million and $65 million depending on project approvals and will focus on new advertising assets.

(Source: Company Report)