REG - STV Group PLC - Trading Update

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RNS Number : 0445Q  STV Group PLC  23 January 2026

 

 

 

07:00, 23 January 2026

STV Group plc

Pre-close Trading Update and Notice of Results

 

Full Year 2025 Group revenue and adjusted operating profit in line with
guidance

 

STV Group plc ("STV", the "Group") today provides a trading update for the
year ended 31 December 2025.

 

·    Group revenue is expected to be towards the top end of the guidance
range of £165m-£180m, with adjusted operating profit in line with current
consensus of £11.4m.

 

·    Q4 Total Advertising Revenue (TAR) is expected to be down c.10% year
on year, with full year TAR also down c.10%, reflecting the continued impact
of the challenging macroeconomic climate on the advertising market. These
market conditions have continued into early 2026.

 

·    The year-end net debt position is expected to be towards the lower
end of the guidance range of £45-50m.

 

·    Actions announced in September to protect profitability will deliver
a £2.5m cost reduction in 2026 as planned. These savings are incremental to
the previously announced target of £5m run rate by the end of 2026.

 

·    STV Studios closed the year with an order book of £33m (Aug-25:
£40m) following continued delivery of programmes to commissioners in a sector
where activity remains subdued. There have been no cancellations notified.

 

·    STV has established its new Audio business as planned, with STV Radio
successfully launched this month to an early positive response from the
advertising market and audiences.

 

Rufus Radcliffe, Chief Executive of STV Group plc, said:

 

"STV will deliver a full year 2025 in line with current expectations. The
macro-uncertainty of H2 2025 has continued into early 2026 with subdued
advertising and commissioning markets persisting, although the upcoming 2026
FIFA World Cup provides an important event for advertisers and viewers alike.
We are on track to realise previously identified cost savings to protect
profitability and provide balance sheet resilience.

 

"Our award-winning Studios team continues to feed a strong pipeline of new
potential projects alongside delivery of returning series; and our new growth
venture, STV Radio, is off to a promising start. We are also exploring the
strategic options that are emerging given the rapidly evolving media
landscape."

 

Notice of Results

 

The Group's full year results for the year ended 31 December 2025 will be
announced on 17 March 2026.

 

Ends.

Enquiries:

STV Group plc:

Kirstin Stevenson, Head of Communications, Tel: 07803 970 106

 

Camarco:

Geoffrey Pelham-Lane, Tel: 07733 124 226

Ben Woodford, Tel: 07790 653 341

 

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