Saga munications(US:SGA)2026-03-12 13:10Revenue Performance - Net revenue decreased 9.3% to $26.5 million for Q4 2025 compared to $29.2 million for Q4 2024[1] - For the twelve-month period ended December 31, 2025, net revenue decreased 5.1% to $107.1 million compared to $112.9 million for the previous year[3] - Digital revenue increased 25.8% to $4.3 million for Q4 2025 compared to $3.5 million for Q4 2024[1] - Digital revenue for the twelve-month period increased 19.1% to $16.9 million compared to $14.2 million for the previous year[3] Profitability and Loss - Operating loss for Q4 2025 was $9.5 million compared to operating income of $1.0 million for Q4 2024[1] - Net loss for Q4 2025 was $6.9 million compared to net income of $1.3 million for Q4 2024[1] - The company had a net loss of $7.9 million for the twelve-month period ended December 31, 2025, compared to net income of $3.5 million for the previous year[3] - Net loss for the year ended December 31, 2025, was $7,899,000 compared to a net income of $3,460,000 in 2024[22] - Adjusted net income for the trailing twelve months ended December 31, 2025, was $(112,000), a significant decrease from $1,956,000 in 2024[26] Impairment and Charges - The company recorded an impairment charge of $20.4 million for Q4 2025, which significantly impacted net income[2] - The company reported an impairment of goodwill amounting to $19,229,000 for the year ended December 31, 2025[24] Cash Flow and Capital Expenditures - Total cash provided by operating activities decreased to $5,464,000 in 2025 from $13,772,000 in 2024, reflecting a decline of approximately 60.3%[22] - Capital expenditures for the twelve months were $3.0 million compared to $3.8 million for the previous year[3] - The company incurred capital expenditures of $3,041,000 in 2025, down from $3,767,000 in 2024[24] - Cash dividends paid decreased significantly to $6,433,000 in 2025 from $22,520,000 in 2024, reflecting a reduction of approximately 71.4%[22] - The company reported a net cash used in financing activities of $8,967,000 in 2025, compared to $17,810,000 in 2024[22] EBITDA and Leverage - Trailing twelve month consolidated EBITDA for 2025 was $5,102,000, down from $10,978,000 in 2024, indicating a decline of approximately 53.6%[26] - The leverage ratio increased to 0.98 in 2025 from 0.46 in 2024, indicating a higher level of debt relative to EBITDA[26] Other Financial Highlights - The company closed on the sale of telecommunications towers on October 17, 2025, recognizing a gain of $11.6 million[9] - Cash and cash equivalents at the end of the period increased to $22,506,000 in 2025 from $18,860,000 in 2024[22]