Baltic Classifieds Group PLC

Latest Results (04.12.2025):

Baltic Classifieds Group PLC — full year results for the year ended 30 April 2025 (FY2025). The Group reported strong full‑year financial performance: revenue up 15% to €82.8m, EBITDA up 17% to €64.4m with a 78% margin, operating profit up 40% to €53.5m and profit for the year up 40% to €44.8m. Cash generation remained robust, net debt fell sharply to €3.6m, and the Board proposed a higher final dividend (2.6 € cents) bringing total proposed dividends to 3.8 € cents per share.

Top-line and segment performance

Group revenue €82.8m (+15%). By segment: Auto €31.4m (+14%), Real Estate €22.2m (+23%), Jobs & Services €16.0m (+15%), Generalist €13.2m (+5%). Core classifieds (B2C + C2C) remain 90% of revenue: B2C +17%, C2C +13%.

Profitability and EPS

EBITDA €64.4m (+17%), EBITDA margin 78% (up 1 ppt). Operating profit €53.5m (+40%). Adjusted net income €54.4m (+21%). Basic EPS 9.3 € cents (+42%); adjusted basic EPS 11.3 € cents (+23%).

Cash, debt and capital returns

Cash from operations €66.8m (+13%), cash conversion 99%. Voluntary debt repayment €25.0m; year‑end gross loan €25.0m and net debt €3.6m (from €27.5m), net debt/EBITDA 0.1x. Returned €29.4m to shareholders (dividends €15.9m; buybacks €13.5m). Buyback cancelled 4.6m shares.

Dividend

Board proposed final dividend 2.6 € cents per share (up 24% y/y); if approved total dividends for FY2025 will be 3.8 € cents per share (company targets returning ~1/3 of adjusted net income as dividends).

Strategic moves and product development

Acquired Untu.lt (automated property valuation / lead gen) to expand data and lead‑generation offerings; data revenue grew ~110% year‑on‑year. Launched car‑history reports, AI features in Jobs, paid renewal and other product enhancements across portals.

Operational metrics

Average traffic 57.0m visits/month. Active C2C ads: Auto +4%, Real Estate +12%, Services +8%, Generalist +3%. Yield / revenue per listed ad improved: Auto +21%, Real Estate +22%, Generalist +17%; ARPU: Auto +15%, Real Estate +20%, Jobs +12%.

Market headwinds — Estonia auto tax

New Estonian vehicle transaction/ownership taxes (effective 1 Jan 2025) drove a pre‑tax spike in Nov–Dec 2024 followed by a deeper slowdown: used car transactions down >40% YoY since implementation, reducing Jan–Apr Group revenue by ~3–4% and delaying Estonian Auto recovery until 2026.

Costs and tax

Operating costs excluding D&A €18.4m (+9%); labour costs €12.6m (+11%) as headcount rose to 156 FTEs. Depreciation & amortisation fell 36% (amortisation of acquired intangibles declined). Effective tax rate 12% (2025 tax charge €6.3m) vs 8% in 2024.

Outlook

Company expects revenue growth close to last year with stronger H2, led by Real Estate, Jobs & Services and Lithuanian Auto; Estonian Auto likely not to grow YoY until early 2026. Management expects to maintain EBITDA margin, continue product investment and become debt free while returning excess cash to shareholders.