**Summary**
Reach plc issued a trading update for the year ended 31 December 2025, expressing confidence in delivering full-year profits ahead of market expectations. The company attributes this to the resilient performance of its print business, continued cost control, and strategic progress. Key highlights include
1. **Profit Expectations** Reach expects to exceed the market consensus adjusted operating profit of £99.1m for FY25.
2. **Digital Revenues** Full-year digital revenues are projected to be 1% lower than FY24 (£130.0m), impacted by reduced Google referral volumes and macroeconomic challenges.
3. **Strategic Progress** The company launched digital subscriptions, expanded video output, and grew off-platform audiences during the period.
4. **Leadership Comments** CEO Piers North acknowledged the team’s efforts and highlighted significant strategic advancements.
5. **Results Announcement** Full-year results for FY25 will be released on 3 March 2026.
The update underscores Reach’s focus on digital transformation and cost management amid challenging market conditions.