Financial results

Consolidated balance sheet

in € million

	31/12/2025	31/12/2024
Non-current assets	906.6	983.0
Goodwill and intangible fixed assets	667.9	684.3
Property, plant and equipment	157.4	178.9
Companies consolidated using the equity method	31.1	39.1
Financial fixed assets at fair value	32.0	58.8
Deferred tax assets	3.2	9.5
Other long term receivables	14.9	12.4

Current assets	324.8	211.1
Inventories	13.8	17.4
Trade and other receivables	112.0	115.1
Tax receivables	29.3	13.4
Other current assets	29.2	33.4
Cash and cash equivalents	140.4	31.8

Assets held for sale	16.2	0,00

TOTAL ASSETS	1,247.6	1,194.1


Equity attributable to the shareholders	648.5	535.3

Minority interest	0.8	1.6

Non-current liabilities	207.0	250.0
Interest bearing loans and other borrowings	32.0	58.0
Lease liabilities	114.1	128.2
Derivative financial intruments	0.3	0.6
Pensions and other employee benefits	12.7	11.8
Provisions	0.8	1.4
Other long term liabilities	0.4	2.0
Deferred tax liabilities	46.6	47.9

Current liabilities	391.4	407.4
Interest bearing loans and other borrowings	24.0	46.2
Lease liabilities	22.5	21.3
Derivative financial intruments	0.2	0.2
Trade and other payables	103.1	98.9
Prepayments	110.3	111.9
Pensions and other employee benefits	1.4	3.4
Provisions	14.1	13.5
Tax payable	3.3	1.0
Employee related liabilities	65.7	63.7
Other current liabilities	46.7	47.4

TOTAL EQUITY AND LIABILITIES	1,247.6	1,194.1

Equity / Balance sheet total	0.5	0.4
Net financial cash / (debt) position *	84.4	(72.4)
Net financial debt / REBITDA	(0.4)	0.4

* Interest-bearing loans minus cash, excluding IFRS 16 lease libilities

in € million

	2025	2024
RECURRING REVENUE	1,257.9	1,236.2

Operating expenses:
Raw materials	(62.9)	(64.7)
Services and miscellanious goods	(541.7)	(531.5)
Personnel expenses	(452.3)	(441.0)
Other operating expenses	(4.5)	(3.3)
Total operating expenses	(1,061.3)	(1,040.4)

REBITDA	196.6	195.8
Operating depreciations	(44.8)	(44.7)

Operating Result	151.8	151.1
Exceptional gains / (losses)	71.8	(15.6)
Non operating depreciations and amortisation	(32.1)	(31.1)

EBIT	191.5	104.4
Results from financial assets	0.3	0.1
Other financial income	0.4	0.6
Finance costs	(10.0)	(11.3)
Share in the profit (loss) of companies consolidated using the equity method	1.9	(0.7)

Result pre tax	184.1	93.1
Corporate tax (charge) / credit	(27.4)	(27.8)

NET RESULT	156.7	65.4
Attributable to:
Shareholders of the group	156.9	66.1
Minority shareholders	(0.2)	(0.8)

RECURRING NET RESULT BEFORE AMORTISATION GOODWILL	110.4	106.6

All figures in millions of euros.
Mediahuis prepares consolidated financial statements applying IFRS