APG SGA (APGN) H1 2025 earnings summary

Executive summary

• Revenue declined 1.5% year-over-year to CHF 148.2 million amid challenging market conditions, but operational performance improved and net income rose 2.4% to CHF 12.1 million.

• EBITDA increased 3.6% to CHF 19.7 million and EBIT rose 4.7% to CHF 14.9 million compared to the same period last year.

• Digital portfolio expanded, including new digital advertising spaces and key partnership renewals.

Financial highlights

• Advertising revenue: CHF 148.2 million (-1.5% year-over-year); Switzerland -1.6%, International +0.2%.

• EBITDA: CHF 19.7 million (+3.6%); EBIT: CHF 14.9 million (+4.7%).

• Consolidated net income: CHF 12.1 million (+2.4%).

• Earnings per share: CHF 4.05 (+2.5%).

• Free cash flow: CHF -4.6 million, mainly due to changes in net current assets and investments.

Outlook and guidance

• Geopolitical and economic uncertainties continue to limit long-term planning and bookings.

• Digital service portfolio positions the company to meet customer needs for flexibility.

• Out of Home Media expected to gain market share and further expand leadership, especially in digital.