NWSA · 8-K · 20260805PR000171

Income Tax Rate Changes

NEWS CORP · 2026-08-05 · Importance 35 · Surprise 22

Fourth-quarter income tax expense increased to $48 million from $46 million, while pretax income increased to $278 million from $132 million. Fiscal-year income tax expense increased 10% to $303 million from $275 million on pretax income of $1.046 billion versus $923 million. The implied fiscal-year tax rate declined to approximately 29.0% from 29.8%, reducing the tax-rate impact despite the $28 million increase in tax expense. Higher cash taxes partially offset the improvement in operating cash flow during fiscal 2026.