NHST GROUP’S DEVELOPMENT IN THE SECOND QUARTER OF 2025
The financial results of the Group continued to show progress in the first quarter. Earnings before depreciation and amortization reached NOK 21.8 million, compared to minus NOK 12.7 million in the first quarter 2024. The improvement was driven by higher user market and advertising revenues in DN Media Group and by cost reductions in the Saas business area.
The financial results for the Group continued to improve in the second quarter. Earnings before
depreciation and amortization (EBITDA) reached NOK 53.8 million, compared to NOK 34.8 million in the second quarter of 2024. The improvement was mainly driven by higher user market revenues and advertising revenues in DN Media Group, and by good cost control across the Group.
Total revenues for the NHST Group were 1.8 per cent higher in the second quarter of 2025 compared to the second quarter of 2024. Adjusted for the impact of discontinued activities, the increase was 6.0 per cent.
DN Media Group`s total revenues were 6.9 per cent higher than in the second quarter 2024. User market revenues grew by 5.4 per cent. The growth in digital subscription revenues was 11.4 per cent in the quarter, while the print-based revenues declined.
Revenues from advertising and sales of commercial services in DN Media Group continued to recover from the low levels seen in 2023 and early 2024 and showed an increase of 9.4 per cent compared to the second quarter 2024.
In the SaaS segment, Mynewsdesk reported a reduction in results with an EBITDA for the quarter at SEK 5.4 million compared to SEK 7.4 million in the second quarter 2024.
Gustav Berghog has been appointed new CEO of Mynewsdesk replacing Louise Barnekow who resigned and left the company in April.
Mention Solutions was de-consolidated from the Group numbers with effect from the second quarter. The estimated final profit and loss impact for the Group is reported as a part-reversal of impairment provisions made in 2024.
Development of products and support systems continued.
Group liquidity was satisfactory throughout the second quarter and cash at the end of the quarter was NOK 111.3 million.
A new loan agreement, replacing the existing revolving credit facility, was signed in late June. The new facility has a frame of NOK 150 million until year-end 2025 and NOK 130 million thereafter. The final maturity for the new facility is in June 2028.