Prosiebensat.1 Media (PSM) AGM 2026 summary

Opening remarks and agenda

• Chairwoman Maria Kyriacou welcomed shareholders and explained the meeting would be chaired by Michael Eifler due to language considerations.

• The AGM was held virtually for cost-effectiveness and broader shareholder participation, with all board members present and proceedings accessible online.

• The agenda and voting procedures were outlined, with shareholders able to participate and vote electronically.

Financial performance review

• 2025 group revenue reached EUR 3.675 billion, adjusted EBITDA was EUR 403 million, and adjusted net income EUR 209 million.

• Net financial debt improved to EUR 1.343 billion, with a leverage ratio of 3.3x.

• Q1 results showed improved profitability due to cost discipline, with EBITDA up by EUR 50 million.

• 2026 outlook confirmed with expectations of significant EBIT and EBITDA growth and stable leverage.

Board and executive committee updates

• Marco Giordani (CEO), Bob Rajan (Interim CFO), and Luca Poloni (COO) introduced themselves and outlined their backgrounds and roles.

• Several board changes occurred, including the departure of Dr. Katrin Burkhardt and Professor Dr. Cai-Nicolas Ziegler, and the appointment of new members.

• The Supervisory Board proposed reducing its size from nine to seven members to increase efficiency and reduce costs.