Business
Trading Update
Reach PLC anticipates delivering full-year 2025 profit ahead of market expectations, with consensus adjusted operating profit at £99.1 million, driven by a resilient print business and cost control. However, digital revenues are projected to be 1% lower than the prior year, reflecting a £130.0 million baseline, due to reduced Google referral volumes and ongoing macroeconomic weakness. The company highlighted strategic progress including the launch of digital subscriptions and expansion of video output. Disclaimer*
About this update from Reach Plc
20 January 2026 Reach plc ("The Company") Trading update for the year ended 31 December 2025 Confident in delivering FY25 profit ahead of market expectations Alongside strategic progress, the resilient performance of our print business and continued cost control means that we expect to deliver ahead of current market expectations for the full year.¹ Digital revenues for the full year are expected to be 1% lower than the prior year (FY24: £130.0m). The factors affecting Q4 digital revenue are unchanged from those outlined in our Q3 trading update. These include a material reduction in Google referral volumes, alongside continued macroeconomic weakness. Piers North, Chief Executive: "During the period we made significant strategic progress, notably launching digital subscriptions, expanding video output and growing our off-platform audiences. We look forward to the year ahead and thank our teams for their efforts in delivering this year's results." Results for the year ended 31 December 2025 will be announced on 3 March 2026. Notes ¹ Market expectations compiled by the Company are an average of analyst published forecasts - consensus adjusted operating profit for FY2 5 £99.1 m. Enquiries Reach plc [email protected] Piers North , Chief Executive Officer Darren Fisher, Chief Financial Officer Jo Britten, Investor Relations +44 (0)7557 557447 Lija Kresowaty, Director of Communications [email protected] Teneo [email protected] Giles Kernick +44 (0)207 353 4200 LEI: 213800GNI5XF3XOATR61 Classifica tion : 3.1 Additional regulated information required to be disclosed under the laws of the United Kingdom