Trading Update

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 FY25 £99.1m.

LEI: 213800GNI5XF3XOATR61

Classification: 3.1 Additional regulated information required to be disclosed under the laws of the United Kingdom