Television Francaise 1 Sa · EURONEXT:TFI
Television Francaise 1 Sa — TF1 Group — FY2025 Earnings Presentation
25 slides from Television Francaise 1 Sa's earnings presentation, Feb 12, 2026
Slide 1: FY 2025 Results
FY 2025 Results 12 February 2026 STAR ACADEMY
Slide 2: Disclaimer
Disclaimer This presentation contains rounded figures and contains forward-looking information and statements about the TF1 group. Forward-looking statements are statements that are not historical facts, and include, but are not limited to: financial projections, forecasts and estimates and their un
Slide 3: Highlights
Highlights Broadly stable Ad revenue impacted Strong consolidated by structural trends, growth Strengthened audience leadership revenue exacerbated by an in digital LFL & AT CONSTANT FX unstable environment W<50PDM 25-49 Y/O TF1+ Group revenue Group advertising revenue advertising revenue 34.5% 30.9
Slide 4: Business review, Financials, Strategy update & outlook
01. Business review P.5 02. Financials P.11 03. Strategy update & outlook P.18 04. Q&A P.24 4 FY 2025 financial results
Slide 5: Business review
01. Business review MONTMARTRE
Slide 6: A strong value proposition
A strong value proposition Unrivalled daily reach among media TF1 channels: the best ROI on the French TV market invested = ROI 77% TF1 DTT channels TF1 channel 53% 11% of TV 10% 43% of TV 41% sales contribution of investments sales contribution of investments 34% TF1 DTT channels TF1 channel ROI: €
Slide 7: Audience leadership in FY25
Audience leadership in FY25 Best ratings on targets Significant lead over main competitor W<50PDM 25-49 Y/O 15-34 Y/O 34.5 +9.5 pts W<50PDM vs main competitor 22.9 43/50 43/50 43/50 13.4 9.0 4.7 4.4 3.8 2.9 2.8 2.4 2.0 1.8 0.7 0.5 Best ratings in all genres * TF1 M6 F2 TMC W9 TFX F3 6ter Gulli F5 LC
Slide 8: Update on streaming
Update on streaming Virtuous linear & streaming strategy Progress on all building blocks 25-49 Y/O NON- LINEAR LINEAR Awareness Visibility Consumption Ad inventories CPM 80% 20% 38m AIDED FIRST STREAMERS3 AD CPM monthly average AWARENESS1 VISIBILITY2 LOAD €13.5 in 2025 81% 69% vs 33m in 2024 5’14 20
Slide 9: Promising launch of micropayment
Promising launch of micropayment Previews (launched in September) Live channel Ad-free content (launched in October) French drama Daily soaps Reality shows Entertainment French drama Daily soaps Reality shows €0.99 €0.69 €0.69 €0.99/day €1.99 €0.99 €0.69 €0.69 700k transactions 1 while only develope
Slide 10: Studio TF1 FY25 highlights
FY25 highlights Drama Production Distribution Revenue of €376m in 2025 +9% year on year COPA of Movies Unscripted €40m in 2025 +€2m year on year ~1.2m ~705k ~490k ~470k 10 tickets sold tickets sold tickets sold tickets sold FY 2025 financial results
Slide 11: Financials
02. Financials 8 PM NEWS BULLETIN
Slide 12: Consolidated revenue per segment
Consolidated revenue per segment MEDIA (€m) Q4 2025 Q4 2024 CHG.% FY 2025 FY 2024 CHG.% Advertising ▪ Continued strong momentum for TF1+, Media 535 612 (12.6%) 1,921 2,011 (4.5%) with 36% growth ▪ Linear impacted by structural trends Advertising revenue 453 497 (9.0%) 1,574 1,644 (4.3%) and exacerba
Slide 13: Current operating profit from activities per segment
Current operating profit from activities per segment (€m) Q4 2025 Q4 2024 CHG. FY 2025 FY 2024 CHG. MEDIA Impact from decrease in linear Media 41 68 (27) 212 259 (47) advertising revenue mitigated by: o/w programming costs (305) (315) +10 (967) (986) +19 • Active portfolio management generating a €3
Slide 14: Consolidated income statement
Consolidated income statement (€m) Q4 2025 Q4 2024 CHG. FY 2025 FY 2024 CHG. Consolidated revenue1 699 765 (8.7%) 2,297 2,356 (2.5%) Programming costs (305) (315) +10 (967) (986) +19 Other charges, depreciation, amortisation and provisions (333) (352) +19 (1,078) (1,073) (5) Current operating profit
Slide 15: Solid net cash position at end-December 2025
Solid net cash position at end-December 2025 Free cash flow before changes in WCR €85 million NET CASH POSITION 447 +€9m year on year (12) 506 19 515 (350) 17 (112) €m Free cash flow after changes in WCR €102 million Opening net cash Net cash Repayment of Net capital Changes in Acquisitions / Divide
Slide 16: FY 2025 key takeaways
FY 2025 key takeaways Tackling advertising market headwinds to mitigate impact on COPA Market share gains across the board • Strong momentum for TF1+ (+36% ad growth, significantly outperforming digital ad market) • Market share gain in linear (outperformance vs low double-digit percentage decline f
Slide 17: Proposed 5% increase in dividend per share YoY
Proposed 5% Dividend trend (2021-2025) (€/share) increase in dividend per share YoY +40% €0.632 €0.60 €0.55 € 133m1 €0.50 €0.45 € 0.63 PER SHARE 2 2021 2022 2023 2024 2025 DIVIDEND YIELD3 1 Based on 211,284,237 shares at 31/12/2025 5% 7% 8% 8% 8% 2 Subject to approval by the Annual General Meeting o
Slide 18: Strategy update and outlook
03. Strategy update and outlook SIX NATIONS + NATIONS CHAMPIONSHIP
Slide 19: Linear: consolidate our market share in a declining TV ad market
Linear: consolidate our market share in a declining TV ad market With our powerful franchises With a new segmentation of our ad offering generating leading share of premium ad inventories on commercial targets Iconic unscripted franchises Unique prime-time Multi-channel inventories offer Premium Fre
Slide 20: Establish as a primary destination for viewers and advertisers
Establish as a primary destination for viewers and advertisers INCREASE CONSUMPTION IMPROVE MONETISATION Extend the reach Enhance catalogue with Develop new forms Address advertisers’ needs from of the Group’s content complementary audiovisual content of monetisation brand awareness to conversion Di
Slide 21: Enhance our media buying attractiveness on both linear and digital
Enhance our media buying attractiveness on both linear and digital and target a new market segment Enhance our media Attract buying attractiveness new advertisers Address the midtail through a dedicated offer Launch of TF1 Ad Manager 4 levers Transactional and Objectives service-oriented platform of
Slide 22: Outlook
Outlook 2026 priorities 2026 deliveries Daily shows, premium drama & unscripted content for French and foreign broadcasters as well as global streaming services Secure the business in France with long-standing partners Matar Zodiaque a un oso Day One Keep broadening the client mix via platform colla
Slide 23: Full-year 2026 guidance
Full-year 2026 guidance Capitalising on its strategy, on its new digital Against a backdrop of rapidly changing consumption initiatives and on its solid financial position, habits and a persistently unstable macroeconomic and the Group’s targets are as follows: political environment, the linear adve
Slide 24: Q&A
Q&A 24 FY 2025 financial results
Slide 25: Slide 25