North Media (NORTHM) Q4 2025 earnings summary

Executive summary

• Leadership transitions include a new Chairman, Group Executive Director, and Group CFO, with appointments effective in 2026.

• Strategic initiatives advanced, including automation in Swedish operations and digital platform enhancements.

Financial highlights

• Revenue for 2025 was DKK 1,296m, slightly down from DKK 1,301m in 2024.

• EBITDA decreased to DKK 124.6m from DKK 153.5m year-over-year; EBITDA margin fell to 9.6% from 11.8%.

• EBIT improved to DKK 66.2m from a loss of DKK -74.9m in 2024.

• Net profit for the period was DKK 66.2m, up from DKK 61.7m.

• Capital resources increased to DKK 927m from DKK 893m.

Outlook and guidance

• 2026 revenue guidance is DKK 1,267–1,333m; EBITDA expected at DKK 133–175m; EBIT at DKK 75–117m.

• Assumes stable economic conditions, improved consumer confidence, and continued volume declines in print.

• Ongoing EBIT improvements targeted in digital services through operational optimization.