ZIN - Ticker AI Digest

Zinc Media Group plc, a television and content creation group, announces its audited results for the year ended 31 December 2024. The Group reports a strong set of results and significant strategic progress, including delivering growth in adjusted EBITDA, operating profit, and PBT for the fourth consecutive year and a profit at the adjusted PBT level. The Group also refocused its portfolio structure on more profitable television and content production and broadened its offering with growth into new markets. The Groups revenue from continuing operations decreased by 12% to £32.3 million, reflecting portfolio changes, including the disposal and closure of non-core businesses during the year. The Groups gross margins increased from 38.5% to 44.5%, driven by higher-margin TV work and a material one-off high-margin project in content production. The Groups cash balance as of 31 December 2024 was £6.3 million, an increase of £1.4 million from the previous year. The Groups statutory loss before tax from continuing operations decreased by £0.1 million to £1.4 million. Excluding acquisition-related costs and adjusting items, the adjusted profit before tax improved by £0.7 million to a profit of £0.3 million. The Group has made significant changes to its portfolio structure, including acquiring Raw Cut TV, completing the sale of Zinc Communicate Publishing, and launching Electric Violet, a new entertainment television label. The Group was awarded "Production Company of the Year" for the second year at the New York Festival Film and Television Awards. The Group has seen strong momentum in the first quarter of the year, with revenue secured and anticipated to be recognized in FY25 of £27 million, up from £21 million reported in February. The Group has a solid pipeline, with £7 million of potential revenue in highly advanced stages of discussion, supporting its confidence in the year ahead.

Zinc Media Group plc, a television and content creation group, announces its audited results for the year ended 31 December 2024. The Group reports a strong set of results and significant strategic progress, including delivering growth in adjusted EBITDA, operating profit, and PBT for the fourth consecutive year and a profit at the adjusted PBT level. The Group also refocused its portfolio structure on more profitable television and content production and broadened its offering with growth into new markets. The Groups revenue from continuing operations decreased by 12% to £32.3 million, reflecting portfolio changes, including the disposal and closure of non-core businesses during the year. The Groups gross margins increased from 38.5% to 44.5%, driven by higher-margin TV work and a material one-off high-margin project in content production. The Groups cash balance as of 31 December 2024 was £6.3 million, an increase of £1.4 million from the previous year. The Groups statutory loss before tax from continuing operations decreased by £0.1 million to £1.4 million. Excluding acquisition-related costs and adjusting items, the adjusted profit before tax improved by £0.7 million to a profit of £0.3 million. The Group has made significant changes to its portfolio structure, including acquiring Raw Cut TV, completing the sale of Zinc Communicate Publishing, and launching Electric Violet, a new entertainment television label. The Group was awarded "Production Company of the Year" for the second year at the New York Festival Film and Television Awards. The Group has seen strong momentum in the first quarter of the year, with revenue secured and anticipated to be recognized in FY25 of £27 million, up from £21 million reported in February. The Group has a solid pipeline, with £7 million of potential revenue in highly advanced stages of discussion, supporting its confidence in the year ahead.

Zinc Media Group plc, a television and content creation group, announces its audited results for the year ended 31 December 2024. The Group reports a strong set of results and significant strategic progress, including delivering growth in adjusted EBITDA, operating profit, and PBT for the fourth consecutive year and a profit at the adjusted PBT level. The Group also refocused its portfolio structure on more profitable television and content production and broadened its offering with growth into new markets. The Groups revenue from continuing operations decreased by 12% to £32.3 million, reflecting portfolio changes, including the disposal and closure of non-core businesses during the year. The Groups gross margins increased from 38.5% to 44.5%, driven by higher-margin TV work and a material one-off high-margin project in content production. The Groups cash balance as of 31 December 2024 was £6.3 million, an increase of £1.4 million from the previous year. The Groups statutory loss before tax from continuing operations decreased by £0.1 million to £1.4 million. Excluding acquisition-related costs and adjusting items, the adjusted profit before tax improved by £0.7 million to a profit of £0.3 million. The Group has made significant changes to its portfolio structure, including acquiring Raw Cut TV, completing the sale of Zinc Communicate Publishing, and launching Electric Violet, a new entertainment television label. The Group was awarded "Production Company of the Year" for the second year at the New York Festival Film and Television Awards. The Group has seen strong momentum in the first quarter of the year, with revenue secured and anticipated to be recognized in FY25 of £27 million, up from £21 million reported in February. The Group has a solid pipeline, with £7 million of potential revenue in highly advanced stages of discussion, supporting its confidence in the year ahead.