Annual report 2025: Result as expected in a year focused on strengthening profitability and the foundation for growth

Core Insights - North Media Group focused on stabilizing its businesses and strengthening profitability in 2025, achieving financial results in line with expectations despite challenging market conditions in Denmark and Sweden [1] Financial Performance - Q4 2025 revenue was DKK 356.8 million, up from DKK 340.0 million in Q4 2024; full-year revenue was DKK 1,296.0 million, slightly down from DKK 1,301.4 million in 2024 [1] - EBITDA for Q4 2025 was DKK 53.5 million, compared to DKK 32.6 million in Q4 2024; full-year EBITDA decreased to DKK 124.6 million from DKK 153.5 million in 2024 [1] - EBIT for Q4 2025 was DKK 36.9 million, a significant improvement from a loss of DKK 134.1 million in Q4 2024; full-year EBIT was DKK 66.2 million, recovering from a loss of DKK 74.9 million in 2024 [1] - The EBIT margin improved to 10.3% in Q4 2025 from -39.4% in Q4 2024; full-year EBIT margin was 5.1%, up from -5.8% in 2024 [1] - Profit for the year excluding return on securities was DKK 54.0 million, a recovery from a loss of DKK 107.9 million in 2024 [1] Business Segment Developments - In the Last Mile segment (FK Distribution and SDR), revenue decreased by 1% due to a decline in volume in FK Distribution, with EBITDA down 27% impacted by integration costs and lower revenue [4] - Digital Services segment (BoligPortal, Dayli, Bekey) saw a revenue growth of 1%, with BoligPortal achieving a 4% underlying growth; EBITDA increased by DKK 20 million due to cost reductions in Dayli and Bekey [5] Dividend Proposal - The Board will propose a dividend of DKK 1.25 per share, representing 46% of profit for the year excluding return on securities, at the annual general meeting on April 10, 2026 [6] Guidance for 2026 - North Media provided guidance for 2026, projecting group revenue between DKK 1,267 million and DKK 1,333 million, EBITDA between DKK 133 million and DKK 175 million, and EBIT between DKK 75 million and DKK 117 million [8]