Baltic Classifieds' proposed final dividend for the year ended 30 April 2025 of 2.6 € cents per share is subject to approval by Company shareholders at the Annual General Meeting ("AGM") and hence has not been included as a liability in the financial statements. The 2025 final dividend will be paid on 17 October 2025 to shareholders on the register at the close of business on 12 September 2025 and the payment will comprise approximately €12,500 thousand of cash.
The Directors intend to return one-third of the Adjusted net income each year via an interim and final dividend, split in the ratio of one-third to two-thirds, respectively. Adjusted net income for 2025 was €54,387 thousand (€44,992 in 2024).
Other financial highlights:
Revenue grew 15% to €82.8 million (2024: €72.1 million). Core classifieds revenue streams B2C and C2C, which together comprise 90% of total revenue, grew 17% and 13% respectively.
EBITDA grew 17% to €64.4 million (2024: €55.3 million). EBITDA margin expanded by 1% pt to 78% (2024: 77%). Operating profit grew 40% to €53.5 million (2024: €38.3 million).
Adjusted basic EPS grew 23% to 11.3 € cents (2024: 9.2 € cents) while basic EPS grew 42% to 9.3 € cents (2024: 6.5 € cents).
Adjusted net income grew 21% to €54.4 million (2024: €45.0 million) with adjustments to profitability being the amortisation of acquired intangibles and the corresponding tax impact. Profit for the year grew 40% to €44.8 million (2024: €32.0 million).
Cash generated from operating activities grew 13% to €66.8 million (2024: €59.0 million). Cash conversion maintained at 99% (2024: 99%).
Voluntarily repaid €25 million of debt, to end the year with a gross loan balance of €25.0 million (2024: €50.0 million). Net debt reduced to €3.6 million (2024: €27.5 million), with a year-end Net debt / EBITDA of 0.1x (2024: 0.5x).
Clear capital allocation framework, with €29.4 million returned to shareholders by way of dividends (€15.9 million) and share buybacks (€13.5 million) (2024: €32.6 million returned to shareholders).
