Business
Interim Results for 6 months ended 30 June 2025
STV Group PLC announced its interim results for the six months ended June 30, 2025. Total revenue remained relatively stable at £90.0 million, slightly down from £90.4 million in June 2024, as growth in Studios offset advertising declines. Total advertising revenue decreased by 10% to £45.6 million, while Studios revenue increased by 13% to £42.2 million. Adjusted operating profit decreased by 37% to £6.7 million. The statutory operating profit was £3.3 million, reflecting restructuring costs of £2 million. The group reported a loss before tax of £0.2 million, compared to a profit of £4.8 million in the previous year. Net debt was £35.7 million, lower than the start of the year's £38.7 million. The company is implementing a cost savings program to deliver additional savings of £3 million per annum. The board is not proposing an interim dividend. Disclaimer*
About this update from Stv Group Plc
[{"type":"text","content":"\n\n \n\n7am, 25 September 2025\n \nInterim Results for the 6 months ended 30 June 2025\nand update on cost savings plan\n \nInterim Results for the 6-months ended 30 June 2025\n· Total revenue of £90.0m (Jun-24: £90.4m) as Studios growth offsets advertising declines:\no Total advertising revenue (TAR) of £45.6m (2024: £50.7m) down 10%, driven by national linear advertising down 16% impacted by Euros 2024 in the comparator\no Studios revenue grows to £42.2m (2024: £37.5m), up 13%, despite difficult commissioning market\n· Adjusted operating profit of £6.7m, down 37% on H1 2024, reflecting decline in TAR and inflationary pressures partly offset by cost savings\no Studios breakeven, in line with prior year and seasonal norm\no Audience profit of £9.1m, down 25% given operating leverage associated with TAR performance\n· Statutory operating profit of £3.3m (2024: £6.5m) reflects restructuring costs of £2m associated with review of unscripted label portfolio\no Loss before tax of £0.2m (2024: profit of £4.8m)\n· Net debt of £35.7m, including production financing of £5.2m; lower than start of year (total net debt £38.7m including production financing of £9.9m)\no Leverage (net debt/EBITDA) at half year at 1.6 times (covenant max 3 times)\n· STV remains most popular peak-time channel in Scotland; STV Player delivered highest ever H1 viewing, up 8% year on year to 37m hours\n· 30 commissions won by STV Studios in 2025 YTD; high-end drama, Army of Shadows, commissioned by C4 for Two Cities in recent weeks\n· Plans for STV Radio launch on track\n· No change to FY25 outlook as guided in July\n\n\n\n\n \nFinancial Summary - 6 months to 30 June \n\n\n \n2025\n\n\n \n2024\n\n\n \nvs 2024\n\n\n \n\n\n\n\nRevenue\n\n\n£90.0m\n\n\n£90.4m\n\n\n-\n\n\n \n\n\n\n\nTotal advertising revenue\n\n\n£45.6m\n\n\n£50.7m\n\n\n-10%\n\n\n \n\n\n\n\nOperating profit\n\n\n£3.3m\n\n\n£6.5m\n\n\n-49%\n\n\n \n\n\n\n\nAdjusted operating profit*\n\n\n£6.7m\n\n\n£10.6m\n\n\n-37%\n\n\n \n\n\n\n\n(Loss)/profit after tax\n\n\n(£0.3m)\n\n\n£7.1m\n\n\nn/a\n\n\n \n\n\n\n\nStatutory basic EPS\n\n\n(0.1p)\n\n\n12.4p\n\n\nn/a\n\n...