FIJI Television Ltd announced a $1.2million funding injection from the Fiji Government for its new financial year.
The fund is part of the Government’s public service broadcast budget as announced recently in the 2025-2026 National Budget.
“This funding will play a crucial role in supporting Fiji TV’s continued efforts to provide the latest news, increase the production of relevant local content, and broadcast rugby and other sporting events that the Fijian people love,” the company said in a statement at the South Pacific Stock Exchange where it is listed.
“Fiji TV remains focused on its mission to serve the nation by delivering content that is not only informative but also deeply relevant to the Fijian community.”
The company has been struggling with losses in the past five years and is the only company listed on SPX with a negative Earnings per Share (EPS) and Price to Earnings ratio (P/E ratio), according to SPX’s May stock market update.
In 2020, FTV reported a net loss after tax of $2.7m, a loss of $2.3m in 2021, a loss of $480,000 in 2022, a profit of $421,000 in 2023 and a loss of $304,676 last year.
FTV shares, which hit its lowest in five years last month when its shares changed hand at $1 a share, last traded at 75cents a share when this edition went to press.
Note: This article was first published on the print version of the Fiji Times dated July 26, 2025
