RaaS has published an update on media group GTN Ltd following its H1 FY25 results in which it reported an 11% increase in adjusted EPS to $0.034.
NPAT was 10% below our estimates, although normalising for additional Australian inventory spots and non-recurring costs, it was closer to our estimates.
The H1 dividend was higher than we expected with 100% of NPATA paid out versus prior policy of 50% payout.