RE: Results day6 Mar 2025 07:07
Group total revenue was down 3% at £4,140 million, with growth in total advertising revenue (TAR) offset by
the expected decline in ITV Studios revenue
• Group external revenue was down 4% at £3,488 million
• Group adjusted EBITA2 was up 11% at £542 million reflecting record profits in ITV Studios, higher profits and
increased margin in Media & Entertainment (M&E) and £60 million of efficiencies delivered across the Group.
Adjusted EPS was up 23% at 9.6p
• EBITA3 was £526 million (2023: £404 million). Statutory operating profit was £318 million (2023: £238 million),
statutory profit before tax was £521 million (2023: £193 million), and statutory EPS was 10.4p (2023: 5.2p)
• Profit to cash conversion1 of 83% and a robust balance sheet, with net debt of £431 4 million (31 December
2023: £553 million) and net debt to adjusted EBITDA leverage of 0.7x (31 December 2023: 1.0x)
• £198 million of the £235 million share buyback programme was completed by 31 December 2024
• In line with ITV’s dividend policy, the Board has proposed a final dividend of 3.3p (2023: 3.3p), giving an
ordinary dividend of 5.0p per share for the full year 2024 (2023: 5.0p), a total of £190 million