Baltic Classifieds Group PLC

Latest Results (25.09.2026):

Baltic Classifieds Group PLC — Full year results for the year ended 30 April 2026 (FY2026; this is a full-year report rather than a quarterly release). The Group reported revenue up 7% to €88.5m, EBITDA up 7% to €68.6m with the EBITDA margin stable at 78%, operating profit up 13% to €60.4m and adjusted net income up 7% to €58.1m. Basic EPS rose to 10.8 euro cent (up 16%); adjusted basic EPS was 12.3 euro cent (up 9%). The Board accelerated buybacks and returned €101.1m to shareholders (buybacks + dividends), funded in part by new debt facilities, which increased net debt to €46.2m and leverage to 0.7x. Management expects ~10% revenue growth in FY2027 and margins in the mid‑70s.

Revenue and segment performance

Group revenue €88.5m (+7%). Real Estate led growth (+17% to €26.0m) and Jobs & Services grew 9% (€17.4m). Auto was broadly flat at €31.5m (B2C +11 offset by C2C -9%). Generalist +3%. B2C comprised 54% of revenue (+13% year) and C2C 37% (+1%).

Profitability and cash flow

EBITDA €68.6m (+7%) with margin unchanged at 78%. Operating profit €60.4m (+13%). Adjusted net income €58.1m (+7%). Cash generated from operations €69.9m (+5%) and cash conversion remained high at 99%.

Capital return and buybacks

Total returned to shareholders €101.1m in FY2026 (dividends + buybacks). The Group repurchased 36.8m shares for €82.9m during the year and accelerated buybacks after management judged the share price to be undervaluing the business.

Balance sheet and financing

The Group refinanced and increased borrowing capacity: €73.0m drawn at year-end under a new term loan (and at announcement date €118.0m drawn), with undrawn RCF and term facilities remaining. Net debt including lease liabilities rose to €46.2m (2025: €4.4m) and leverage to 0.7x (2025: 0.1x).

Dividends

The Board proposed a final ordinary dividend of 2.8 euro cent and a special dividend of 0.3 euro cent (final total 3.1 euro cent). Subject to approval, total dividend for the year will be 4.4 euro cent per share (2025: 3.8 euro cent).

Operational and product highlights

Traffic averaged 57m visits/month (unchanged) and leadership positions were maintained across major sites. ARPU and yields increased (Real Estate ARPU +16%, Auto ARPU +13%; C2C yield per listed ad up ~22–25% in key verticals). C2C ad volumes fell (notably Auto listings -25% listed, -26% active) due to market, tax and weather impacts. Group continued targeted AI investments (seller ad creation, CV/ search improvements, image moderation) at previously indicated levels.

Outlook

Guidance: management expects ~10% revenue growth in FY2027 (slower H1, faster H2) with full‑year margin in the mid‑70s. Growth drivers: Real Estate, Auto and Jobs; Generalist expected broadly flat.