Ekspress Grupp (EEG1T) Q4 2025 earnings summary

Executive summary

• Revenue grew 2% in Q4 and 5% for the full year, reaching €23.9m and €80.2m, respectively, driven by acquisitions and digital business expansion.

• Digital subscriptions rose 7% year-over-year to 256,000, with digital revenue comprising 86% of total revenue.

• EBITDA increased 1% year-over-year to €10.8m for the year, with a margin of 13%.

• Net profit was impacted by one-off items, resulting in €1.0m for the year, down from €3.3m in 2024.

Financial highlights

• Q4 sales: €23.9m (+2% YoY); 12M sales: €80.2m (+5% YoY).

• Q4 EBITDA: €5.3m (+1% YoY); 12M EBITDA: €10.8m (+1% YoY).

• Q4 net loss: €0.9m (vs. €3.1m profit in Q4 2024) due to one-off expenses; 12M net profit: €1.0m (vs. €3.3m in 2024).

• Adjusted net profit (excluding one-offs): Q4 €3.3m (+6% YoY); 12M €3.2m (-1% YoY).

• Cash position at year-end: €14.0m (up from €9.0m in 2024).

Outlook and guidance

• Strategic focus remains on digital growth, aiming for over 340,000 digital subscriptions and >85% digital revenue share by 2026.

• EBITDA margin target set at >15% by 2026.

• Dividend policy to pay at least 30% of annual net profit, subject to cash flow and investment needs.