UAB 15min Consolidated Financial Results for 2025
UAB 15min manages a Lithuanian-owned media group (“15min Group”), which includes the news portal 15min, radio stations M1, M1 PLIUS, Lietus, M1 DANCE, Laluna, as well as magazines Žmonės, Ji, Legendos, the news agency BNS, and the home cinema platform ŽMONĖS Cinema. 2025 was the first full financial year in which the 15min Group operated together with the radio stations acquired in 2024.
In 2025, the 15min Group was the third largest media group in Lithuania by audience reach (according to Fifty5Blue, formerly Kantar) and the only market player that increased both monthly and daily audience. The Group reached 1.1 million users daily (50.9% of total media audience) and 1.8 million users monthly (82.7% of total audience).
The year was also marked by successful integration of the Group’s businesses, investments into the rebranding of acquired radio stations, and new initiatives such as the M-1 Music Awards. The 15min portal became the most subscribed news portal in Lithuania, surpassing 50,000 paying subscribers.
In 2025, the 15min Group generated revenues of EUR 21.1 million (EUR 11.2 million in 2024), while EBITDA reached EUR 4.8 million, more then doubling the 2024 result (EUR 2.2 million). This growth reflects the impact of full 12-month consolidation and the continued strengthening of core business performance.
The Group reported a net loss of EUR 0.28 million (EUR -1.02 million in 2024), primarily driven by significant non-cash goodwill amortisation expenses of EUR 2.1 million related to the 2024 radio acquisitions, as well as EUR 2.3 million in financing costs (including bond and loan interest).
Based on the audited 2025 consolidated financial results, the Company’s Equity Ratio is below the minimum 10% level set out in the Prospectus. The deviation is primarily attributable to non-cash accounting effects, in particular goodwill amortisation, and does not reflect any deterioration in operational performance or cash flows – on the contrary, the Group’s EBITDA increased significantly. In accordance with the Terms and Conditions of the Notes, this deviation will be remedied within the permitted period by the next reporting date. The Company will ensure restoration of compliance through improved financial performance and/or, if necessary, strengthening of its equity base, including a potential share capital increase. This matter does not affect the Company’s liquidity, financial stability, or its ability to meet its obligations towards bondholders in a timely manner.
Taking into account the achieved results, the Company considers 2025 to have been a successful year of integration and growth for the 15min Group.