Reworld Media (ALREW) investor relations material

Executive summary

• Achieved €529.3M in revenue for 2025, a slight decrease of 1.0% year-over-year, with EBITDA up 3.0% to €55.4M and net income at €19.9M, down 20.6% from 2024 due to exceptional items.

• B2B division drove growth, now accounting for 60% of revenue and 70% of EBITDA, with digital activities representing 85% of BtoB revenue and strong momentum in social and AI segments.

• Maintained robust financial fundamentals, with significant debt reduction and improved cash position.

• Strategy focused on digital acceleration, social, and AI-driven conversational environments.

• Net income decline was impacted by a provision for underutilized office lease.

Financial highlights

• EBITDA margin improved to 10.5% of revenue, up from 10.1% in 2024.

• Net debt reduced by €20.7M to €81.0M, with net debt/EBITDA at 1.5x versus 1.9x last year.

• Operating cash flow reached €58.0M, exceeding EBITDA and up from €52.3M in 2024.

• Equity increased by €18.3M to €251.5M.

• EBIT rose 3.6% to €48.4M.

Outlook and guidance

• Strategy focuses on digital acceleration, AI, and social platforms to capture market opportunities.

• Plans to capture growth in conversational-agent markets leveraging editorial brands and proprietary tech.

• Continued innovation and international expansion across 11 countries.

• Positioned to accelerate in digital media advertising, a double-digit growth market.