Alter Ego Media: Significant Organic Growth in H1 2025

Consolidated revenue reached €59.1 million, up 7.9% compared with the same period in 2024. This increase was driven by both the publishing segment, which rose 9.9% to €19.1 million, and the broadcasting and content creation segment (TV/radio and audiovisual production), which grew 7.0% to €40.0 million.

Profitability improvement and strong liquidity
EBITDA increased by 17.0%, reaching €17.1 million, a development attributed to higher operating efficiency and effective cost management. At the operating profit level (EBIT), the Group returned to positive territory, reporting €3.9 million compared with a €2.4 million loss in the same period last year.

The bottom line also improved substantially, with net profit at €1.2 million, an improvement of €5.0 million compared to the same period last year. Depreciation of intangible assets decreased by €3.9 million, mainly due to the rationalisation of programming costs at the Mega TV channel.

At the same time, Alter Ego Media’s listing on the Athens Stock Exchange further strengthened the Group’s capital base. As of 30 June 2025, equity stood at €119 million and net cash at €50.2 million, ensuring strong liquidity and the ability to execute the Group’s investment plan without interruption.

Second-half outlook
Management remains confident that the positive momentum will continue into the second half of the year, given the Group’s significant seasonality, with results traditionally stronger in H2. Moreover, the acquisitions of Newsit E.P.E. and Tlife S.A. are expected to be incorporated into the Group’s financials, further boosting performance.

CEO Giannis Vrentzos stated:

“The first half of 2025 marked a period of strong organic growth across all key financial metrics, confirming the success of our strategic plan and the confidence of the market, as reflected in our successful Athens Stock Exchange listing and the subsequent performance of our share.

Our strategic positioning and robust financial structure create opportunities for continued growth in the dynamically evolving media and entertainment sector, with the aim of delivering sustainable value for our shareholders.”