Promotora De Informaciones, S.a. Class A · BME:PRS
Promotora De Informaciones, S.a. Class A — Prisa — H1 2026 Earnings Presentation
24 slides from Promotora De Informaciones, S.a. Class A's earnings presentation, Jul 28, 2026
Slide 1: Results Presentation H1 2026
Results Presentation H1 2026 July 28th, 2026
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by Promotora de Informaciones, S.A. (hereinafter, the “Company”) exclusively for use during the presentation of financial results. The Company assumes no liability for the content of this document if it is used for any purpo
Slide 3: Index
Index 01 Corporate 03 Santillana 05 ESG Highlights 02 PRISA Media 04 PRISA Group 06 Key Financials Takeaways 3
Slide 4: H1 2026 Corporate Highlights
H1 2026 Corporate Highlights 4
Slide 5: Solid set of results in H1 2026
Solid set of results in H1 2026 PRISA delivered growth in both revenues and EBITDA versus H1 2025, while reducing its Net Debt-to-EBITDA ratio, reaffirming its commitment to deleveraging Strong H1 2026 Growth driven by strong business performance performance and the timing of revenue recognition in
Slide 6: H1 2026 Results summary
H1 2026 Results summary Key Performance Indicators point to solid Performance Top line EBITDA Cash flow Committed to growth improvement improvement debt reduction REVENUES EBITDA OPERATING CASH FLOW NET DEBT 26/25 26/25 26/25 26/25 € 513m + 26% 86m € + 70% €6m +€ 13m 779m € +0% Sustainable revenue b
Slide 7: H1 2026 PRISA Media
H1 2026 PRISA Media
Slide 8: Advertising and audience performance
Advertising and audience performance Advertising revenue increased by 6%, with continued market share gains, while El País subscriptions grew by 13% year-to-date ADVERTISING MARKET SHARE 1 EL PAIS TOTAL SUBSCRIBERS ONLINE & OFFLINE AUDIENCE 482,282 vs. ’25 147m -2 26/25 Monthly unique 21% +0.4pp % b
Slide 9: P&L: PRISA Media EBITDA grew by 41%
P&L EBITDA grew by 41% in H1 2026, driven by stronger advertising revenues, continued expansion of EL PAÍS subscriptions, the consolidation of Grupo Radiópolis 1 and cost-control measures, supporting EBITDA margin expansion REVENUES +6% vs. 2025 €, millions H1 H1 Var. 26/25 2026 2025 Rel. • Advertis
Slide 10: H1 2026 Santillana
H1 2026 Santillana
Slide 11: Performance by market
Performance by market Continued growth in learning systems and lower didactic and institutional sales in the Private market, both in line with expectations, alongside strong performance in Brazil Public, driven by the recognition of the Brazil PNLD EM 2025 order PRIVATE MARKET 1 BRAZIL PUBLIC MARKET
Slide 12: P&L: Santillana EBITDA grew by 70%
P&L EBITDA grew by 70% in H1 2026, driven by the expansion of learning systems in the Private market, the recognition of most of the Brazil PNLD EM 2025 order and expense control measures Var. 26 / 25 +46% H1 H1 €, millions 2026 2025 Rel. Ex. FX 1 REVENUES vs. 2025 • Growth driven by the strong perf
Slide 13: H1 2026 PRISA Group Financials
H1 2026 PRISA Group Financials 13
Slide 14: Operating performance
Operating performance Revenue increased by +26%, with EBITDA reaching €86m (vs. €51m in H1 2025) and EBITDA margin expanding by +4pp compared to 2025 REVENUES (€m) vs. ‘25 +26% EBITDA (€m) vs. ‘25 +70% vs. ’25 ex FX 1 +26% vs. ’25 ex FX 1 +74% +96 +11 513 BRA Public: +34 Private & other: -3 FX ARG:
Slide 15: P&L: Strong H1 2026 operating performance
P&L Strong H1 2026 operating performance drives 26% revenue growth, 70% EBITDA growth and a 49% improvement in the net result H1 H1 Var. 26 / 25 €, millions 2026 2025 Rel. Ex. FX 1 EBITDA +70% vs. 2025 Revenue 513 406 +26% +26% • Revenue growth (+26%) was driven by the strong performance of the subs
Slide 16: Cash Flow
Cash Flow Stronger cash generation, supported by EBITDA growth, drove a 10% increase in total cash flow +€13m H1 H1 Var. 26 / 25 €, millions OPERATING CF vs. 2025 2026 2025 Abs. Rel. • Operating cash flow improvement, supported by strong EBITDA growth across both businesses, which was primarily driv
Slide 17: Net Debt
Net Debt Continued deleveraging despite the seasonal increase in debt compared with December 2025, with Net Debt-to-EBITDA improving to 3.78x and Net Debt down 2% year-on-year 209m (€m) € 757 779 777 Strong liquidity position ― IFRS 16 +32 +2 71 58 IFRS 16 including both cash and 64 -13 equivalents
Slide 18: H1 2026 ESG
H1 2026 ESG
Slide 19: ESG highlights
ESG highlights • PRISA achieves ISO 14064-1 certification • Ongoing support for communities affected by • Responsible AI training for employees, for its carbon footprint, reinforcing its humanitarian crises through the Emergency together with enhancements to PRISA's commitment to climate action. Com
Slide 20: H1 2026 Key Takeaways
H1 2026 Key Takeaways
Slide 21: Key takeaways
Key takeaways PRISA delivered a positive set of H1 2026 results, in line with our full-year expectations Strong brands, growing subscription businesses and international diversification continue to reinforce the Group’s business model. Cash generation and deleveraging remain key priorities, strength
Slide 22: Appendix
Appendix
Slide 23: Alternative Performance Measures (APMs)
Alternative Performance Measures (APMs) • The Group uses EBITDA, among other metrics, as a benchmark to monitor business performance and to set operational and strategic targets. This alternative performance measure is important for the Group and is widely used in the sector. EBITDA is defined as op
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