Baltic Classifieds Group (BCG) H2 2025 earnings summary

Executive summary

• Revenue grew 15% year-over-year to €82.8 million, driven by strong performance in core classifieds segments and yield improvements across all business lines.

• EBITDA increased 17% to €64.4 million, with margin expanding to 78% from 77% last year.

• Adjusted net income rose 21% to €54.4 million; adjusted basic EPS up 23% to €11.3 per share.

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

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

Financial highlights

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

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

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

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

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

Outlook and guidance

• Revenue growth for the coming year expected to be close to last year, with stronger performance in H2.

• Real Estate, Jobs & Services, and Lithuanian Auto expected to lead growth; Estonian Auto to recover gradually.

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

• Capital allocation policy unchanged, with at least one-third of adjusted net income returned via dividends.