Business
Audited 2025 Annual Report and Notice of AGM
Team Internet Group plc has released its audited 2025 Annual Report, showing a significant decrease in gross revenue to USD 481.9 million from USD 802.8 million in 2024, and net revenue of USD 136.2 million compared to USD 187.5 million. Adjusted EBITDA fell to USD 42.7 million from USD 91.9 million, impacted by a USD 49.9 million operating loss, largely due to USD 41.7 million in impairment charges within the Search segment, resulting in a net loss after tax of USD 62.5 million. Despite these figures, the company reported strong adjusted operating cash flow of USD 66.0 million and a reduction in net debt to USD 87.6 million. The company remains confident in meeting 2026 expectations, with strategic progress in its DIS and Comparison segments and a successful transition in its Search segment. Disclaimer*
About this update from Team Internet Group Plc
26 June 2026 Team Internet Group plc ("Team Internet" or the "Company" or the "Group") Audited 2025 Annual Report Notice of Annual General Meeting Team Internet Group plc (AIM: TIG, OTCQX: TIGXF), the global internet company that generates recurring revenue from powering identity and discovery online, is pleased to announce its audited Annual Report for the financial year 2025 is now available on the Group's website at the following link: https://teaminternet.com/annual-interim-reports/. The Annual Report will shortly be posted to those shareholders who have opted to receive a hard copy. The results for the financial year 2025 ("FY25") are in line with the Group's Trading Update announcement issued on 15 June 2026. The Group remains confident in its ability to meet market expectations for 2026. Financial summary · Gross revenue of USD 481.9 million (FY2024: USD 802.8 million) · Net revenue (gross profit) of USD 136.2 million (FY2024: USD 187.5 million), with gross margin increasing from 23.4% to 28.3% · Adjusted EBITDA(i) of USD 42.7 million (FY2024: USD 91.9 million) · Operating loss of USD 49.9 million (FY2024: profit of USD 8.2 million), following USD 41.7 million of impairment charges relating to the Group's Search segment · Due to the same impairment charges, a loss after tax of USD 62.5 million (FY2024 loss after tax: USD 17.7 million) was recorded · Adjusted earnings per share (diluted) of USD 9.18 cents (FY2024: USD 21.22 cents) · Adjusted operating cash flow of USD 66.0 million (FY2024: USD 99.1 million) · Adjusted operating cash conversion(ii) of 155% (FY2024: 108%) · Net debt(iii) of USD 87.6 million (31 December 2024: USD 96.4 million); Team Internet has continued to be cash generative in FY2025, reducing net debt by USD 8.8 million during the year despite USD 6.9 million of shareholder distributions During FY25 the Group prioritised the quality and durability of its revenue over headline volume, making deliberate strategic progress across all three segments. Key performance indicators by segment were as follows: · DIS segment(iv): o Average revenue per domain year increased by 2% to USD 12.64 (FY24: USD 12.45) o Value-add...
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