Cablenet Communication Systems plc - Updated Financial Analysis Summary

On 9 May 2025, Cablenet Communication Systems plc published an updated Financial Analysis Summary. The following are the main highlights of the expected financial performance and financial position of Cablenet Communication Systems plc in 2025:

• Revenues are anticipated to grow by 2.3% to €73.8 million on the back of modest growth in mobile subscribers as well as further revenue growth in the business segment in line with the Company’s focus on this type of customer.
• EBITDA is expected to increase by 2.2% to a record €23.4 million as Cablenet is expecting to incur higher operating costs. As a result, the EBITDA margin is forecasted to remain unchanged at 31.7%.
• Net finance costs are expected to increase to €4.2 million level, which would translate in an improved interest cover of 5.5 times compared to 5.9 times last year.
• Total debt is forecasted to decrease by 2.5% to €87.7 million, which includes borrowings of €53.4 million (including €12.2 million from its shareholders), lease liabilities of €9.5 million, and football rights liabilities of €20.9 million. After accounting for an expected cash balance of €1.8 million, the net debt is anticipated to decrease by 6.8% to €81.9 million.
• Driven by the growth in EBITDA and the decrease in indebtedness, the net debt to EBITDA multiple is forecasted to drop to 3.5 times compared to 3.8 times in the previous financial year.