Tnl Mediagene · NASDAQ:TNMG
Tnl Mediagene — H1 2025 Earnings Presentation
11 slides from Tnl Mediagene's earnings presentation, Oct 21, 2025
Slide 1: Asia's Next-Generation Media and Data Analytics Company
Asia's Next-Generation Media and Data Analytics Company H1 2025 Earnings Release Supplement October 2025 Copyright © 2025 TNL Mediagene
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation (this “Presentation”) is for information purposes only. By accepting, reviewing or reading this Presentation, you will be deemed to have agreed to the obligations and restrictions set out below. No Offer or Solicitation This Presentation does not constitute an
Slide 3: Non-IFRS Financial Measures
Non-IFRS Financial Measures This Presentation includes Adjusted EBITDA, Management Adjusted EBITDA and their respective margins, financial measures not presented in accordance with the International Financial Reporting Standards (“IFRS”). These non-IFRS financial measures are not measures of financi
Slide 4: Our business is cyclical with a larger proportion of revenues weighted to H2 historically
Our business is cyclical with a larger proportion of revenues weighted to H2 historically In FY2024, 42% of revenue was earned in H1 and 58% was earned in H2 H1 / H2 2024 Revenue Split in % H1 / H2 2024 Revenue Split in $ H2 2024 $27.9m 58% $20.6m H1 2024 42% H1 2024 H2 2024 Copyright © 2025 TNL Med
Slide 5: Business cyclicality is also visible at the business unit level
Business cyclicality is also visible at the business unit level Majority of Technology and Digital Studio business unit revenue was generated in H2 in FY2024 Media & Branded Content Technology Digital Studio H2 2024 H2 2024 H2 2024 50% 63% 59% H1 2024 H1 2024 H1 2024 50% 37% 41% Copyright © 2025 TNL
Slide 6: Main factors impacted the comparability of our H1 2025 IFRS financials vs. H1 2024
On a margin basis, 4 main factors impacted the comparability of our H1 2025 IFRS financials vs. H1 2024 H1 2024 H1 2025 1 $2.6 million one-time transaction-related 2 $1.8 million public company compliance expenses, primarily in connection with and related costs, such as professional preparation for
Slide 7: Adjusting for these factors, in H1 2025 our underlying business outperformed H1 2024
Adjusting for these 4 factors, in H1 2025 our underlying business outperformed H1 2024 by most performance metrics H1 2025 Improvement vs. H1 2024 H1 2025 Weakness vs. H1 2024 Revenue Management Adjusted EBITDA Margin1 COGS Margin +5.7% +0.1% +7.6% SG&A Margin Operating Margin Gross Margin -8.7% +0.
Slide 8: Appendix
Appendix Copyright © 2025 TNL Mediagene
Slide 9: Use of Non-IFRS Financial Measures
Use of Non-IFRS Financial Measures In this Presentation we have included Adjusted EBITDA, Management Adjusted EBITDA and their respective margins, non-IFRS financial measures, which are key measures used by our management and board of directors in evaluating our operating performance. Adjusted EBITD
Slide 10: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures H1 2025 Interim Management Adjusted Income Statement Calculation (Unaudited) IFRS NON-IFRS ADJUSTMENT NON-IFRS MANAGEMENT ADJUSTED For the six months ended June 30, For the six months ended June 30, For the six months ended June 30, INCOME STATEMENT 2024
Slide 11: Reconciliation of Non-IFRS Financial Measures (cont.)
Reconciliation of Non-IFRS Financial Measures (cont.) H1 2025 Interim Adjusted EBITDA & Management Adjusted EBITDA Calculation (Unaudited) For the six months ended June 30, Adjusted EBITDA 2024 2025 Operating loss (5,573,620) (5,639,272) Add: Depreciation expenses 564,701 592,712 Amortization expens