Reach (RCH) AGM 2026 summary

Opening remarks and agenda

• Chair opened the meeting, outlined housekeeping, and confirmed the agenda: Chair's remarks, CEO's strategy and trading update, Q&A, and voting on resolutions.

• Board members and their roles were introduced, emphasizing a balanced and strong group.

Financial performance review

• Achieved a market-leading 20% operating margin and growing profits for the year.

• Digital revenue declined by just over 8% in Q1 2026, mainly due to lower referral volumes from Google.

• Print and advertising revenues decreased by 6.6%, but remained more reliable, supported by promotional activity and cover price increases.

• Cost base reductions and print facility consolidation contributed to maintaining profitability.

Board and executive committee updates

• Board worked closely with the new CEO to confirm updated strategic priorities.

• Board expressed confidence in the management team and thanked staff for their dedication.