ACC sold 1,506,997 shares in Sky Network Television stock

Published on 10/14/2026 at 01:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY2026 revenue rose 9.00 percent to NZD 826.10 million. For Sky Network Television stock, FY2026 dividend reached NZD 0.32 per share.

Ownership and operating figures

A substantial holder disposed of 1,506,997 Sky shares between July 30 and October 2, 2026.
Underlying FY2026 revenue reached NZD 826.10 million after 9.00 percent growth.
Sky paid an FY2026 dividend of NZD 0.32 per share.

SKT, NZSKTE0001S6, Illustration mit AI erstellt.

Accident Compensation Corporation sold 1,506,997 shares in Sky Network Television stock between July 30 and October 2, 2026, reducing its holding from 9.553 percent to 8.441 percent. The Globe and Mail reported the transaction on October 5, 2026, including proceeds of NZD 5.44 million. The holding change is material for the shareholder structure, but ACC remained a significant owner with 11,645,523 ordinary shares.

FY2026 added scale

Sky Network Television reported FY2026 underlying revenue of NZD 826.10 million, up 9.00 percent, while underlying EBITDA increased 6.00 percent to NZD 157.00 million. The figures came from the FY2026 earnings call dated August 27, 2026, carried by Yahoo Finance.

The operating mix is changing alongside that growth. Sky Free contributed NZD 77.20 million of revenue over 11 months, including NZD 74.20 million from advertising, while Sky Sport Now revenue increased 13.00 percent to NZD 76.00 million, according to the same FY2026 call.

What supports the dividend?

Cash generation is central to the investment case. Sky said normalized free cash flow increased 60.00 percent in FY2026 and confirmed a fully imputed dividend of NZD 0.32 per share, up from NZD 0.15 per share in FY2023, according to Yahoo Finance. The payout represented 74.90 percent of normalized free cash flow, making cash conversion more important than headline revenue growth.

Three recent company events

On August 27, 2026, Sky reported FY2026 underlying EBITDA of NZD 157.00 million. On September 10, 2026, the company recorded a NZD 0.17 per share dividend payment, according to Ariva. On October 5, 2026, NZX published the ACC substantial holder notice for Sky Network Television.

For investors, the key tension is visible in the operating detail: advertising revenue increased 131.00 percent to NZD 132.00 million in FY2026, while Sky Box revenue declined to NZD 446.00 million from NZD 470.00 million in FY2025. The company is therefore relying on broader audiences, digital advertising and cost discipline to offset pressure in its traditional subscription base.

Ownership shifts meet growth

Sky Network Television Limited is listed under ticker SKT on the NZX and ASX. Its primary business is communication services, with an entertainment operation spanning pay television, streaming, sports rights and advertising.