Everyman Media Regulatory News (EMAN)

17 January 2025

Everyman Media Group PLC

("Everyman" or the "Group")

Trading Update

Everyman Media Group Plc (AIM: EMAN) announces the following unaudited trading update for the 53-week period ended 2nd January 2025.

Financial Highlights

Current Trading and Outlook

· Box office performance in the fourth quarter was not as strong as anticipated, the most notable underperformer being Joker; Folie à Deux. This was followed by congestion in the calendar on remaining blockbuster releases, with five in five weeks, leading to titles competing against each other negatively impacting the period.

· Guest spend per head, whilst still in growth for the full year, softened during November and December due to the higher than expected proportion of family content.

· As a consequence of increased uncertainty arising from the Autumn statement, the Board is more cautious around the outlook for 2025 and 2026.

· The Group remains committed to measured organic expansion with excellent opportunities available for new sites. Two new openings are confirmed for 2025 - a three-screen venue at Brentford Lock in Q2 and a five-screen venue at The Whiteley (Bayswater) in Q3. The Group expects to open a further three new venues in 2026.

· The Group's focus continues to be on controlling net debt and materially reducing leverage over the next two years.

· With no further impact from the WGA and SAG-AFTRA strikes, the Group has confidence in the film slate for 2025. Distribution across the year is also significantly improved, which will be particularly beneficial in the first half of the year. Key titles for the year include Bridget Jones: Mad About the Boy, F1, Mission: Impossible - The Final Reckoning, Michael, Wicked: For Good and Avatar: Fire and Ash.

Alex Scrimgeour, Chief Executive Officer of Everyman Media Group Plc, said:

"Despite the last year's film slate being heavily impacted by the actor and writer's strikes as well as the Q4 box office underperformance of certain movies, we have made positive operational and strategic progress, resulting in record levels of membership and growth in market share.

We are focused on continuing to control debt and reduce leverage, and, notwithstanding the wider trading environment, we will continue to deliver Everyman's unique brand of hospitality to our growing customer base, with two exciting openings confirmed in 2025. We remain confident in delivering further growth, bolstered by our market leading position and continued demand for Everyman's elevated cinema experience."

1Adjusted for pre-opening costs, acquisition expenses, exceptional costs, depreciation, amortization and share based payments.

About Everyman Media Group PLC:

Everyman is the fourth largest cinema business in the UK by number of venues, and is a premium, high growth leisure brand. Everyman operates a growing estate of venues across the UK, with an emphasis on providing first class cinema and hospitality.

Everyman is redefining cinema. It focuses on venue and experience as key competitive strengths, with a unique proposition:

For more information visit http://investors.everymancinema.com/