REACH PLC (RCH) — Half Year Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the REACH PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press end. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Piers North, CEO. Good morning, sir. Thank you, Lily, and thank you, everyone. Good morning, and welcome to the half year results for 2026 from REACH. My name is Piers North. I'm the chief executive, and we'll run you through a quick overview of the year as well as some financial details and some markets and strategic context. I'm conscious some of you may have seen some of these slides before, so we will strike the balance between slide turning and a summary of where we're at. This is our usual disclaimer, which I hope you'll be familiar with. But otherwise, if not, if you could take a read. I said I will start with a very quick summary of the year, and then I'll pass to Darren for the financials before I'll return, and I'll give you some of the context around our strategic progress as well as the market and the ever changing online landscape. So I think it's fair to say that the first half this year has been marked, as by significant external change. The media landscape, and it doesn't matter whether you're the BBC or ITV or any of the like, is changing very, very quickly, and publishing is probably at the front of that change as well. We've seen mater...