Reach PLC
F:MRR

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Reach PLC Logo
Reach PLC
F:MRR
Watchlist
Price: 0.4295 EUR -4.98% Market Closed
Market Cap: €136.6m

Reach PLC
Investor Relations

Reach PLC is a UK-based media company that owns and publishes newspapers, websites, and other news brands. Its titles include national, regional, and local outlets, so it reaches readers who want general news, local coverage, sport, entertainment, and business updates in print and online. The company makes money mainly from advertising, digital subscriptions and membership products where offered, and sales of newspapers and related content. Its main customers are advertisers who want to reach large audiences, plus readers who pay for print copies or access to premium digital content. What makes Reach different is its role as a mass-market publisher with deep local reach. It does not manufacture products or run a utility-style business; it sells attention, news content, and audience access across many brands, using its editorial teams and distribution channels to connect advertisers with readers at both national and local levels.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 22, 2026
AI Summary
Q2 2026

Revenue pressure: Reach reported first-half revenue of GBP 233 million, down 9%, as a 40% drop in on-platform page views from lower Google referrals hurt digital monetization.

Profit held up: Despite the traffic hit, adjusted operating profit was GBP 43 million, with margins rising to 18.5% after operating costs were cut by 10%.

Subscriptions growing: Paid subscriptions were rolled out across 15 sites and topped 40,000 subscribers, putting the company on track for its 75,000 year-end target.

AI and video push: Management said AI-powered LaunchPad is now being used by editorial teams, while high-end video and new AI licensing deals are becoming more important revenue drivers.

Print restructuring ahead: Print site closures are ahead of plan and should help deliver savings, though the company still expects a cautious back half and more circulation decline.

Dividend reset: The interim dividend was rebased to GBP 0.014 per share as Reach shifts more capital toward organic investment and keeps leverage low.

Key Financials
Revenue
GBP 233 million
Digital revenue
GBP 54 million
Print revenue
GBP 178 million
Adjusted operating profit
GBP 43 million
Adjusted operating margin
18.5%
Operating costs
down 10%
Cash conversion
113%
Adjusted operating cash flow
GBP 49 million
Adjusted cash from operations
GBP 57 million
Net debt
GBP 48 million
Interim dividend
GBP 0.014 per share
On-platform page views
down 40%
Direct revenues excluding local business
up 6%
Subscriptions
more than 40,000 subscribers
Subscription sites
15 sites
Studio revenues
up 70%
Social video views
up 55%
Social followers
up 15%
Dividends paid
GBP 14 million
Pension payments
GBP 28 million
Restructuring outflows
GBP 8 million
Capital expenditure
GBP 6 million
One-off cash cost of change
around GBP 25 million
Leverage
0.4x EBITDA
Other Earnings Calls
2026
2022
2020

Management

Mr. James Mullen
CEO & Executive Director
No Bio Available
Mr. Darren Fisher CPA
CFO & Executive Director
No Bio Available
Mr. Alan Edmunds
Chief Operating Officer
No Bio Available
Ms. Julia Warren
Group HR Director
No Bio Available
Mr. Piers North
Chief Revenue Officer
No Bio Available
Ms. Laura Elizabeth Harris
Company Secretary
No Bio Available

Contacts

Address
London
One Canada Square, Canary Wharf
Contacts
+442072933000
www.reachplc.com