AS Ekspress Grupp clarifies in connection with the article published today in the Latvian portal nra.lv that the Group's Latvian subsidiary AS Delfi indeed had a plan to reduce share capital, but this decision was cancelled on September 19, 2025. This was part of regular group financial structure planning related to the sale of the stake in SIA Altero. The share capital reduction was cancelled and will not take place, as the group decided to use an alternative financial solution. These decisions have no imp ...

Group 1 - AS Ekspress Grupp and AS SEB Pank signed a loan contract to refinance EUR 5 million bonds from LHV pension funds, with a new loan deadline of 2 July 2030 [1] - The refinancing will reduce Ekspress Grupp's annual interest expenses by approximately EUR 150 thousand, while annual loan service will increase by around EUR 340 thousand [1] - The refinancing will lower the average interest rate of Ekspress Grupp's financial liabilities, allowing the company to decrease overall indebtedness and prepare for potential acquisitions and economic challenges [2] Group 2 - AS Ekspress Grupp is the leading Baltic media group, involved in web media content production, publishing newspapers, magazines, and books [2] - The Group operates an electronic ticket sales platform and ticket sales offices in Latvia and Estonia, and provides digital outdoor screen services in both countries [2] - Established in 1989, Ekspress Grupp employs about 1,000 people [2]

Core Viewpoint - AS Ekspress Grupp experienced a 5% year-over-year increase in revenue for Q1 2025, reaching EUR 17.0 million, but faced a significant decline in EBITDA and net profit due to a challenging economic environment in the Baltic States [1][2][5]. Revenue - The revenue for Q1 2025 was EUR 17.0 million, up 5% from EUR 16.2 million in Q1 2024, primarily driven by digital subscription revenue and increased volumes in ticket platforms and digital outdoor screens [2][7]. - Digital revenue accounted for 84% of total revenue, maintaining the same percentage as the previous year, with a 5% increase in digital revenue [8][17]. - Ticket sales platforms saw a 10% increase in revenue, while outdoor screen revenue grew by 19% due to network expansion and higher average prices [4][17]. Profitability - EBITDA for Q1 2025 was EUR 0.2 million, a decrease of 45% from EUR 0.4 million in Q1 2024, resulting in an EBITDA margin of 1.4% [10][11]. - The net loss for Q1 2025 was EUR 1.6 million, a 31% increase compared to EUR 1.2 million in the same period last year, influenced by higher depreciation costs and a decline in advertising revenue [5][11]. Expenses - Operating expenses rose to EUR 16.9 million in Q1 2025, a 6% increase from EUR 15.9 million in Q1 2024, with labor costs being the largest contributor, increasing by 3% [9][10]. Cash Position - As of March 31, 2025, the Group had EUR 8.4 million in cash, slightly down from EUR 8.8 million a year earlier, and a net debt of EUR 20.0 million, up from EUR 16.8 million [6][12]. - The Management Board proposed a dividend of 6 euro cents per share, totaling EUR 1.86 million, to be voted on at the upcoming shareholders' meeting [16]. Strategic Goals - The Group aims to increase its digital subscriptions to at least 340,000 by 2026, having added over 25,000 new digital subscriptions in the past year, marking a 12% increase [3].