Digital Network (DIG) Q3 2025 earnings summary

Executive summary

• Consolidated sales revenue for the first nine months of 2025 reached PLN 56.7 million, up 20% year-over-year, with 98% from digital out-of-home advertising.

• Operating profit rose 43% to PLN 25.8 million, and net profit increased 30% to PLN 22.0 million year-over-year.

• EBITDA grew 30% to PLN 35.0 million, and net profit attributable to the parent rose 38% to PLN 20.4 million.

• The group acquired 100% of Braughman Group Media Outdoor, a leader in premium outdoor advertising, post-reporting period.

Financial highlights

• Revenue: PLN 56.7 million (up 20% y/y); Operating profit: PLN 25.8 million (up 43% y/y); Net profit: PLN 22.0 million (up 30% y/y).

• EBITDA: PLN 35.0 million (up 30% y/y); EPS: PLN 4.90 (up from PLN 3.56 y/y).

• Cash flow from operations: PLN 27.3 million; Net cash flow: PLN 13.4 million.

• Equity: PLN 60.6 million; Total assets: PLN 98.4 million.

Outlook and guidance

• No interim dividend for 2025 due to the acquisition; final dividend decision will consider liquidity, investment needs, and synergy realization.

• Continued investment planned for 2026, including expansion of digital screens and new locations.

• Management expects stable or accelerating market growth, especially in digital out-of-home advertising.