Baltic Classifieds Group (BCG) H2 2025 earnings summary

Executive summary

• Revenue grew 15% year-over-year to €82.8 million, with EBITDA up 17% to €64.4 million and margin expanding to 78%.

• Delivered on all commitments, including financial, governance, capital allocation, and ESG objectives.

• Returned nearly €30 million to shareholders via dividends and buybacks, and voluntarily repaid €25 million of debt.

• Proposed a final dividend of €2.60 per share, 24% higher year-over-year, with total dividends for the year up 23%.

• Leadership positions were maintained or strengthened across all verticals, with significant market share advantages.

Financial highlights

• Revenue: €82.8m (+15% year-over-year); EBITDA: €64.4m (+17%); EBITDA margin: 78%.

• Adjusted net income: €54.4m (+21%); Profit: €44.8m (+40%).

• Adjusted basic EPS: 11.3 € cents (+23%); Basic EPS: 9.3 € cents (+42%).

• Cash from operating activities: €66.8m (+13%); cash conversion remained high at 99%.

• Net debt reduced to €3.6m from €27.5m; leverage fell to 0.1x from 0.5x.

Outlook and guidance

• Revenue growth for the next year is expected to be close to the prior year, with stronger performance in the second half.

• Real estate, jobs, services, and Lithuanian Auto are projected to lead growth; Estonian Auto is expected to recover gradually.

• EBITDA margin is expected to be maintained while investing in product development.

• Plan to become debt-free in the coming year and continue returning excess cash to shareholders, prioritizing buybacks.