Ekspress Grupp (EEG1T) Q1 2025 earnings summary

Executive summary

• Q1 2025 sales revenue rose 5% year-over-year to EUR 17.0 million, with digital revenue comprising 84% of total revenue.

• Digital subscriptions in the Baltics increased 12% year-over-year to 236,000, supporting recurring revenue.

• EBITDA fell 45% to EUR 0.2 million, and net loss widened 31% to EUR -1.6 million, mainly due to higher depreciation and weak advertising demand.

• The Group maintains strong liquidity, with EUR 8.4 million in cash at quarter-end.

• A dividend of 6 euro cents per share (EUR 1.86 million total) is proposed for 2024 profits.

Financial highlights

• Sales revenue: EUR 17.0 million (+5% year-over-year).

• EBITDA: EUR 0.2 million (-45% year-over-year); EBITDA margin 1.4% (Q1 2024: 2.7%).

• Net loss: EUR -1.6 million (Q1 2024: EUR -1.2 million); EPS: EUR -0.0517.

• Operating margin: -8.2% (Q1 2024: -5.6%).

• Cash flows from operating activities: EUR 0.7 million (Q1 2024: EUR 0.9 million).

Outlook and guidance

• Strategic goal to reach at least 340,000 digital subscribers in the Baltics by end of 2026.

• Focus remains on organic digital growth, content quality, and selective acquisitions.

• Dividend policy targets payout of at least 30% of annual net profit, subject to liquidity.