Business
STV Group Full Year Results to 31 December 2025
STV Group plc reported full-year results to 31 December 2025, with group revenue down 6% to £176.9m, driven by a 10% decrease in Total Advertising Revenue to £89.3m, while Studios revenue remained resilient at £83.0m. Adjusted operating profit fell 44% to £11.6m, with an adjusted operating margin of 6.6%, reflecting management actions to achieve £8m in annualised cost savings by the end of FY26. Group net debt increased to £45.3m from £38.7m in the prior year. The company saw strong performance from STV Player, with consumption up 9% to 75m hours, and successfully launched its Audio business. No final dividend was proposed for 2025, compared to 11.3p in 2024. Disclaimer*
About this update from Stv Group Plc
Press Release 0700 hours, 17 March 2026 STV Group plc Full Year Results to 31 December 2025 RESULTS IN LINE WITH EXPECTATIONS, UNDERPINNED BY OPERATIONAL DISCIPLINE AND STRATEGIC DELIVERY Key financials and operating highlights · Group revenue of £176.9m, down 6% o Total Advertising Revenue (TAR) of £89.3m, down 10%, driven by national linear o Studios revenue £83.0m, down 1%, a resilient performance · Group adjusted operating profit of £11.6m, down 44%; statutory operating profit £3.8m o Both divisions reported a 35% decline in adjusted operating profit o Group adjusted operating margin of 6.6% (2024: 11.0%) o Management actions taken as planned to deliver annualised cost savings totalling £8m by end FY26 · Group net debt at lower end of guidance range, at £45.3m (2024: £38.7m) · Successful launch of Audio business, including STV Radio, attracting new advertisers to STV · STV Player achieved highest ever consumption, up 9% to 75m hours · Strengthened advertising proposition through pause ads and STV ADapt, with new advertiser product innovation coming in 2026 · No final dividend proposed in respect of 2025 (2024: full year 11.3p) Financial Summary 2025 2024 Change Revenue £176.9m £188.0m -6% Adjusted operating profit* £11.6m £20.6m -44% Adjusted operating margin* 6.6% 11.0% -440bps Operating profit £3.8m £13.2m -71% (Loss)/profit for the year (£4.0m) £13.1m - Adjusted basic earnings per share* 13.1p 29.0p -55% Statutory basic earnings per share (10.8p) 23.5p - Cash generated by operations £15.5m £17.7m -12% Net debt+ £45.3m £38.7m +£6.6m Dividend per share (full year) - 11.3p - * For reconciliation of adjusted to statutory measures see note 6 + Excluding lease liabilities but including amounts drawn under non-recourse production financing facilities of £2.3m (2024: £9.9m) Rufus Radcliffe, Chief Executive, said: "Throughout a challenging 2025 for both of our key markets, we acted decisively to adapt the business to rapidly changing conditions, and have delivered results in line with latest guidance as well as making clear progress across our strategic pillars. We remain focused on improving financial performance in 2026 supported by tight cost discipline despite continued li...