Hurry Operational Improvement & Financial Stability 2023
PRISA Reports robust First-Half Performance, Driven by Digital Growth and Strategic Refinancing
Madrid, Spain – [Date of Publication] – PRISA, a global leader in education and media, today announced a strong first-half performance for 2025, characterized by meaningful revenue growth, improved profitability, and enhanced financial stability. The company’s strategic focus on digital transformation and operational efficiency has yielded positive results across it’s core businesses, underscoring its resilience in a dynamic macroeconomic environment.PRISA’s overall operating income reached €206 million, a testament to the robust performance of its advertising and digital subscription segments. Notably, advertising revenue has seen a significant uplift, especially in the radio sector in Spain, while digital subscriptions for El País continue to demonstrate strong momentum.This growth trajectory is further bolstered by the prosperous institutional sales in Argentina within the teaching systems segment.
The company’s EBITDA (Earnings Before interest, Taxes, Depreciation, and Amortization) reflects this positive trend, growing by 9% at a constant exchange rate, excluding specific one-off effects. For the first semester,EBITDA stood at €51 million,a substantial enhancement that highlights the group’s underlying business strength and progressive enhancement of operational efficiency.
Looking ahead, PRISA’s strategic plan for 2025-2029, set to be unveiled in the autumn, is poised to guide the company’s continued transformation. the positive evolution observed in the first half of 2025,with a 20% income growth at a constant exchange rate and a notable shift in EBITDA from a negative €3 million to a positive €5 million,signals a promising outlook for the coming years.
Financial health remains a cornerstone of PRISA’s strategy. The successful refinancing of the group’s debt on May 9th has secured financial stability and allows the company to concentrate on strategic business growth. The new financing structure extends maturities to 2029, comprising a super senior section of €290 million and a senior section of €575 million. Furthermore, the negotiation of more flexible financial commitments provides enhanced financing capacity.Free Cash Flow (FCF) has seen a significant improvement of 31%, and the company concluded the semester with a healthy liquidity position of €192 million.As of June 2025, the net financial debt stands at €777 million, with a Net/EBITDA Debt ratio of 4.26 times, aligning with the company’s projections.
Key Business Segment Performance:
El País: Continues its leadership in the Spanish-language press subscription market, surpassing 426,000 subscribers in June, a 13% increase year-on-year. This digital growth is a key driver of PRISA’s overall revenue.
Radio: PRISA Radio commands a significant audience, with an average of 25 million listeners across its network, marking a 3% increase. The group leads in Colombia and Chile and maintains a strong presence in Mexico. In spain, PRISA remains the dominant radio group, with nearly 10 million daily listeners. Cadena SER leads the Spanish market with 4,651,000 listeners, while Los40 and its associated brands continue to dominate the music category with 8,912,000 monthly listeners.
* Santillana: the education division delivered strong results, with total revenues reaching €201 million, an 11% increase at a constant exchange rate. This growth is attributed to the robust performance of its private business and the institutional sales in Argentina. Santillana’s EBITDA saw a substantial improvement of 22% to €41 million. The company’s subscription models continue to expand, exceeding 3.4 million subscriptions, a 15% rise compared to the same period last year, further solidifying its role in transforming the education sector.
PRISA remains committed to sustainability, actively engaging in initiatives that promote positive societal impact. The group hosted significant forums, including the II sports Congress in Positive by newspaper AS and the III International Congress of Inclusive education by Santillana. Recognition for its efforts against misinformation, such as the Inma Global Media Awards 2025 for its verified tool to detect deepfakes, underscores its dedication to responsible media practices.