Sky Announces Full Year Results

Thursday 25th August 2022

Sky Network Television Limited (Sky) has delivered a strong result for the 2022 financial year, driven by a return to growth in core revenue, cost control and a clear focus on execution of strategy.

Sky has also provided an update on its capital management strategy, with Chair Philip Bowman saying: “Sky is in a solid cash position resulting from strong and sustainable cash generation and the sale of the Mt Wellington properties. In addition, we have an improved earnings outlook, and access to an undrawn banking facility of $150 million.”

“Against this backdrop the Board has established a capital allocation framework that provides the opportunity to return capital of approximately $70 million to shareholders and deliver a sustainable dividend whilst also reinvesting in the business to support future growth and value creation.”

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