Analysis

Vinyl Group finally owns up to its loss-making 2025

Late on Friday, Vinyl Group disclosed its half year numbers to the ASX. It finally owned up to the market that it broke CEO Josh Simons’ promise to get to profitability by the end of 2025

Tim Burrowes

March 1, 2026 6:22

Vinyl Group finally owns up to its loss-making 2025

Vinyl boss Simons: Still losing money, but closing the gap?

As has become an earnings season tradition, Vinyl Group waited until the last hour of the last day to release its half year numbers.

After the ASX closed, Vinyl Group confirmed what has been obvious for several weeks now: it broke its promise to investors to reach breakeven by the end of 2025.

Instead, Vinyl Group brought in $11.4m in the half, but spent $14.5m doing so. For the maths-challenged, that’s a loss of $3.1m.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.

Topics

Josh Simons Vinyl Group

1 COMMENTS

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James Spinks 2 Mar 26

Kerry Packer screwed Alan Bond in the 80’s and on closing the deal said ‘You only get one Alan Bond in your lifetime, and I’ve had mine’. I wonder if Val Morgan Digital are saying the same thing of Josh Simons right now.

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