Fiji Television Limited has returned to breakeven after reversing losses from previous financial years, recording a profit before tax of $15,664 for the year ended June 30, 2026.
The company says its audited FY2026 results mark an important turning point following restructuring, cost reductions and changes to its operations.
Fiji TV generated $3.85 million in revenue during the financial year, including $3.17 million from services rendered and $688,696 from communication and radio rental equipment sales.
It also recorded $551,175 in other income from sources including rental income, miscellaneous income and gains from the disposal of fixed assets.
Chief executive officer Sunjeewa Perera said the company’s first priority had been stopping its losses.
“When we began this journey, our first task was clear, we needed to stop the losses and bring the business back to breakeven. We have achieved that,” Mr Perera said.
“It required difficult decisions and a tremendous collective effort from our people.”
He said Fiji TV had reviewed how it operated, invested and deployed resources, with the focus now shifting towards increasing revenue.
“The next priority is to build revenues by responding to the way audiences and advertisers are changing,” he said.
Mr Perera said this would involve moving beyond the traditional television model, expanding Fiji TV’s digital presence, better utilising its content and capabilities and pursuing partnerships and new business opportunities.
Chairperson Nesbitt Hazelman said the board was encouraged by the turnaround.
“Moving from the losses of previous financial years to breakeven is an important step and demonstrates the impact of the changes undertaken across the Company,” Mr Hazelman said.
However, he stressed that the turnaround was only the beginning.
“The work is not complete. The emphasis now moves towards building the top line while continuing to operate responsibly.”
Fiji TV said FY2027 would focus on revenue growth, digital media, locally relevant content, partnerships and new services while maintaining careful control of expenditure.
“FY2026 has been about putting the business back on firm ground. FY2027 will be about building from it,” the company said.
