TNMG

TOKYO, Oct. 21, 2025 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG) (the "Company"), a Tokyo-based next-generation digital media and data group in Asia, today publicly announced its H1 2025 Earnings Release Supplement, a supplemental presentation of the Company's H1 2025 earnings results highlighting certain aspects of the business and providing additional information on non-IFRS measures that the Company's management uses to compare business performance between H1 2024 and H1 2025. The H1 2025 Earnings Release Supplement presentation includes information pertaining to H1 2025 revenue and H1 2025 margins, including: Revenue Cyclicality: The Company's business is cyclical, with a larger portion of annual revenues weighted to H2 historically, both on a consolidated basis and at the business unit level: In FY2024, 42% of revenue was earned in H1 and 58% was earned in H2 In FY2024 of 50% of Media & Branded Content revenue, 63% of Technology revenue and 59% of Digital Studio revenue was generated in H2 2024 H1 2025 revenue grew 5.7% to $21.8 million; as with FY2024 the Company expects cyclicality to result in more revenue being generated in H2 2025 vs. H1 2025 Margin Comparability: 4 main factors impacted the comparability of H1 2025 margins vs. H1 2024 margins: During H1 2024, $2.6 million non-recurring transaction costs, primarily in connection with the preparation for the Company's NASDAQ public listing in December 2024, were incurred During H1 2025, $1.8 million public company compliance and related costs, including professional services fees, listing maintenance fees and others, were incurred, impacting the comparability against H1 2024 when the Company was still a private company During H1 2025 on a non-cash accounting basis, the Company experienced a $1.5 million gain on financial liabilities measured at fair value through profit or loss primarily connected to stock-based M&A contingent consideration and warrants assumed in deSPAC closing, which is a non-recurring gain that impacts comparability with H1 2024 During H1 2025, $0.8 million of stock-based employee compensation expenses were incurred After adjusting for these factors, the Company's H1 2025 performance over H1 2024 is as follows: H1 2025 Improvement vs. H1 2024 Revenue grew +5.7% Management Adjusted EBITDA margin expanded +0.1% SG&A margin contracted -8.7% Operating margin expanded +0.5% Total non-operating cost margin contracted by -0.6% Net Profit margin expanded by +1.5% H1 2025 Weakness vs. H1 2024 COGS margin expanded +7.6% Gross margin contracted -7.6% R&D margin expanded +0.6% "On an IFRS basis our H1 2025 earnings showed strength in our business. From an internal management perspective, when comparing our performance between H1 2025 and H1 2024, we choose to view our revenues through the lens of seasonal cyclicality and choose to enhance comparability in our margins by normalizing the financials for both non-recurring charges and H1 2025 public company costs that were not present in H1 2024 when the Company was still private. We believe these adjustments provide a clearer view of the performance of our underlying business in H1 2025 vs. H1 2024. Through this lens, in H1 2025 our underlying business outperformed H1 2024 by most performance metrics including revenue, management adjusted EBITDA, operating margin and net profit margin. In the period, we had some elevated COGS expenses that impacted our COGS margin and gross margin, however, these were more than offset with lower SG&A expenses resulting in overall margin improvement vs. H1 2024. H1 2025 represents a strong financial result for us in our first 6 months as a NASDAQ-listed public company and we see a lot of good things on the horizon," Co-Founder and CEO Joey Chung commented. The presentation including disclosures, can be found in the attached file. About TNL Mediagene Headquartered in Tokyo, TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co., Ltd. and Japan's Mediagene Inc., two of the region's leading independent digital media groups. The company's operations span original and licensed media brands in Japanese, Chinese, and English, covering topics such as news, business, technology, science, food, sports, and lifestyle. It also offers AI-driven advertising services, marketing technology platforms, e-commerce, and innovative solutions tailored to the needs of advertising agencies. Known for its political neutrality, appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 500 employees across Asia, with offices in Japan, Taiwan, and Hong Kong. https://www.tnlmediagene.com/ Financial Data The condensed financial information presented in this press release should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2024 included in TNL Mediagene's annual report on Form 20-F filed with the SEC on April 30, 2025, which provides a more complete discussion of its accounting policies and certain other information, as well as the unaudited condensed consolidated financial results for the six months ended June 30, 2025 included in TNL Mediagene's Report of Foreign Private Issuer on Form 6-K furnished on October 8, 2025. Use and Reconciliation of Non-IFRS Financial Measures This press release includes Adjusted EBITDA, Management Adjusted EBITDA and their respective margins, financial measures not presented in accordance with the International Financial Reporting Standards ("IFRS"). These non-IFRS financial measures are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing TNL Mediagene's financial results. Therefore, Adjusted EBITDA, Management Adjusted EBITDA and their respective margins should not be considered in isolation or as an alternative to net income, cashflows from operations or other measures of profitability, liquidity or performance under IFRS. We believe Adjusted EBITDA, Management Adjusted EBITDA and their respective margins provide useful information to management regarding certain financial and business trends relating to TNL Mediagene's financial condition and results of operations. You should be aware that TNL Mediagene's presentation of Adjusted EBITDA, Management Adjusted EBITDA and their respective margins may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA and Management Adjusted EBITDA are our preferred metrics for profitability because we believe they facilitate operating performance and profit performance comparisons on a period-to-period basis and exclude items that we do not consider to be indicative of our core operating performance. Our management does not consider Adjusted EBITDA or Management Adjusted EBTIDA (or their respective margins) in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS measures is that they exclude significant expenses that are required by IFRS to be recorded in TNL Mediagene's financial statements. In addition, these non-IFRS measures are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining such non-IFRS financial measures. For more details on the definitions of Adjusted EBITDA, Management Adjusted EBITDA and their respective margins and reconciliations of these non-IFRS measures to IFRS financial measures, see "Reconciliation of Non-IFRS Financial Measures" in the attached H1 2025 Earnings Release Supplement. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2025, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication. View original content to download multimedia:https://www.prnewswire.com/news-releases/tnl-mediagene-nasdaq-tnmg-publicly-files-h1-2025-earnings-release-supplement-presentation-302590012.html

Revenue increased 5.7% to $21.8 million in H1 2025 as compared to $20.6 million in H1 2024 Operating margin improved to (25.9%) in H1 2025 as compared to (27.0%) in H1 2024 Management Adjusted EBITDA margin, which adjusts for the impact of public company costs, improved to (6.5%) in H1 2025 as compared to (6.7%) in H1 2024 Net loss narrowed 27.2% to ($4.3 million) in H1 2025 as compared to ($5.9 million) in H1 2024 Outstanding debt reduced by approximately $5.0 million in H1 2025 Current cash balance of approximately $1.8 million as of September 30, 2025 Public listing is a key part of the Company's long-term strategy and positions for strategic organic and inorganic growth opportunities including active M&A strategy Expanded regional media footprint into new language markets, accelerated AI-driven performance initiatives, advanced content commerce partnerships, and strengthened leadership team through targeted hires and organizational streamlining Enhanced capital markets presence through new research analyst coverage, active investor-conference participation, and co-hosting major industry events including the 2025 Generative AI Conference and upcoming TechGALA Japan 2026 TOKYO, Oct. 7, 2025 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG) (the "Company"), a Tokyo-based next-generation digital media and data group in Asia, today announced its unaudited financial results for the six months ended June 30, 2025 ("H1 2025"). H1 2025 Financial Highlights Revenue increased 5.7% to $21.8 million in H1 2025 as compared to $20.6 million in H1 2024, as the Company strategically focused on high-margin tech- and data-powered products in the Technology business unit and leveraged strength in the Digital Studio business unit Operating margin improved to (25.9%) in H1 2025 as compared to (27.0%) in H1 2024, due to the reduction in one-time professional service fees associated with the Company's Nasdaq listing, offset by newly incurred public company costs Management Adjusted EBITDA margin, a non-IFRS financial measure used to evaluate underlying operational performance excluding public company costs, improved to (6.5%) in H1 2025 as compared to (6.7%) in H1 2024 Net loss narrowed 27.2% to ($4.3 million) in H1 2025 as compared to ($5.9 million) in H1 2024 Outstanding debt reduced by approximately $5.0 million in H1 2025 Current cash balance of approximately $1.8 million as of September 30, 2025 H1 2025 Strategic and Operational Highlights Launch and Expansion of Media Properties in New Language Markets Expanded popular Japanese media property Roomie Japan into the global Mandarin-language market via the launch of Roomie International. Laid groundwork for the launch of Business Insider Taiwan in Q3 2025, the Mandarin-language edition of the Company's successful Business Insider Japan media property. Utilizing New AI Technology to Enhance Performance Launched Ad2 AI Agent, an intelligent AI-based advertising service leveraging data-driven insights and automation through AI Audience (Smart Audience) and AI Creative (Smart Creative) to optimize audience targeting, ad placement, and creative strategy. Rolled out AI-powered content management system to improve editorial efficiency and content exposure, implemented AI-based display-ad optimization tools, and advanced AI-driven workflow automation initiatives that reduced group-level labor intensity. Expanding Content Commerce Initiatives Through Strategic Partnerships and New Channels Introduced a purchase-type crowdfunding package service in Japan integrating extensive media reach, advertising and e-commerce expertise, and Digital Studio infrastructure to drive strong crowdfunding campaign outcomes for entrepreneurs. Launched our TikTok Shop Japan e-commerce strategy with 7NaNatural, winner of the ELLE Clean Beauty Award. Formed a strategic partnership with PChome, one of Taiwan's leading e-commerce platforms, expanding access to first-party retail data and enabling future next-generation ad products fueled by purchase-intent data. Introduced our "Brandformance" advertising strategy — an integrated branding-and-performance approach leveraging content-creation expertise to improve media-advertising efficiency and effectiveness. Focused and Enhanced Talent Through Key Hires, Promotions, and Streamlining Appointed Aya Miyake (Chief Governance Officer, formerly Japan Exchange Group – Osaka Exchange) and Carly Ma (Chief Human Resources Officer, formerly Porsche Taiwan). Named April Lin (Editor-in-Chief, Business Insider Taiwan), previously President and Editor-in-Chief of Money Weekly. Promoted Chiemi Sasaki to Editor-in-Chief of Roomie Japan and Kate Lin to Editor-in-Chief of Roomie International. Transitioned to a public company Board structure with directors who bring expertise and experience from Yahoo!, Wall Street Journal, NBC Universal, BCG and Reapra. Continued staff restructuring and integration efforts to streamline headcount and align roles with public company operations. Increased Public Visibility and Investor Relations Initiatives Initiation of research coverage by The Benchmark Company, LLC (May 2025). Co-hosted the 2025Generative AI Conference in May 2025, drawing approximately 1,000 in-person and 2,000 virtual attendees. Appointed as Lead Partner for TechGALA Japan 2026, a global technology conference to be held in January 2026. Participated in Maxim Group's 2025 Virtual Tech Conference, Discover the Innovations Reshaping Tomorrow, the Emerging Growth Conference, and the Sidoti Micro-Cap Virtual Investor Conference, among other industry events. Subsequent Strategic and Operational Highlights Initiation of research coverage by Sidoti & Company, LLC (July 2025). Appointment of TJ Park as General Counsel (formerly Morrison & Foerster LLP, Tokyo office). Appointment of Naoko Okumoto to Board of Directors, bringing two decades of experience in technology investment and cross-border partnerships. Announced plans to host the 2025INSIDE Future Day AI Event to be held in December 2025. Launched Business Insider Taiwan, expanding the brand to a global Mandarin-speaking audience of over 1 billion. Achieved ISO 27001 certification for The News Lens business, a key milestone supporting the Company's pan-Asia M&A roll-up strategy. AdTech subsidiary Ad2iction won bronze at the 2025 Click Awards in the "AI Media Placement" category, highlighting leadership in the Retail Media Network sector. Announced plans to modernize cash management and treasury capabilities through a digital asset treasury strategy authorizing BTC, ETH and SOL treasury holdings. Formed a Digital Asset Treasury Advisory Group comprising experts in the fields of digital assets, Web3 and blockchain technology. Management Commentary "We had an active and transformative H1 2025 as a newly listed public company and are happy to announce that our H1 2025 financial results outperformed our H1 2024 results in terms of revenue, operating margin, and net loss," said Joey Chung, Co-Founder and Chief Executive Officer. "Our H1 2025 cost of revenue increased on the Japan side of the business, driven primarily by unfavorable Japanese yen movements, as a significant portion of our Japan headquarters costs are denominated in U.S. dollars, as well as higher labor costs in Japan. However, we were able to offset most of that impact through SG&A efficiencies and lower transaction-related professional services fees compared to H1 2024. H1 2025 Adjusted EBITDA declined as compared to H1 2024 as a direct result of the newly incurred public company costs that come with being a Nasdaq-listed company, which amounted to $1.8 million in H1 2025. Normalizing for these public company costs, our Management Adjusted EBITDA improved slightly year-over-year, highlighting the strength of our underlying business." "Revenue growth in H1 2025 was driven by our Technology business unit as we continue to roll out our high-margin technology and data products, along with continued strength in our Digital Studio business unit," Mr. Chung continued. "As is typical for businesses operating in our sector, a large portion of annual revenue is generated in the second half of the year—particularly in the fourth quarter—as holiday marketing spend is deployed. We expect this pattern to continue in 2025." "Subsequent to H1 2025, we have maintained strong momentum with new media and product launches, notably the September launch of Business Insider Taiwan, our continued focus on high-value content commerce initiatives, and the ongoing development and rollout of innovative technology products," Mr. Chung added. "On the cost side, our integration and reorganization efforts post-listing, together with our continued cost-discipline initiatives—including AI-based efficiency programs and a leaner overall headcount—have positioned us to better absorb normal-course public company costs. We continue to evaluate professional service providers and cost structures to identify further opportunities for savings going forward." "In new strategic developments, we recently announced plans to modernize our cash management and treasury capabilities through a digital asset treasury strategy, alongside the formation of a Digital Asset Treasury Advisory Group comprising highly accomplished experts across digital assets, Web3, blockchain and technology fields such as trading, investment, asset management, product development and regulatory engagement." Mr. Chung concluded. "On the capital structure side, our outstanding debt has been reduced by approximately $5.0 million since fiscal year end 2024, and our current cash balance stands at approximately $1.8 million. The majority of our current outstanding debt is low-interest rate debt held with local relationship banks in Taiwan and Japan, which we view as strategic to maintaining our banking relationships in those markets." Financial Results for the Six Months Ended June 30, 2025 Revenue Total revenues increased by 5.7% to $21.8 million in H1 2025 as compared to $20.6 million in H1 2024 Revenue in Japan increased by $1.5 million from $11.1 million to $12.6 million, primarily driven by strong performance of Digital Studio business unit in Japan largely attributable to the recognition of sales from Tech GALA Japan 2025. Revenue in Taiwan decreased slightly from $9.5 million to $9.1 million in H1 2025, primarily due to the timing of revenue recognition from a major customer contract, the delivery of which was deferred to the second half of 2025, resulting in lower recognized revenue in H1 2025. Media and Branded Content revenue decreased by $0.9 million from $6.8 million to $5.9 million in H1 2025, primarily reflecting a lower volume of project engagements during the first half of the year compared to H1 2024. Technology revenue increased by $0.7 million from $5.3 million to $6.0 million in H1 2025, primarily driven by the consolidation of the Dragon acquisition completed in September 2024, which was not included in the comparable 2024 period. Digital Studio revenue increased by $1.4 million from $8.5 million to $9.9 million in H12025, largely attributable to the recognition of sales from Tech GALA Japan 2025. Cost of Revenue Cost of revenue increased by 19.1% to $14.8 million (67.9% margin) in H1 2025 as compared to $12.4 million in H1 2024 (60.3% margin). The increase was driven primarily due to the weaker Japanese yen—since a significant portion of Japan headquarters costs are denominated in U.S. dollars—and rising labor costs amid a tighter labor market in Japan. Gross Profit Gross profit declined 14.6% to $7.0 million (32.1% margin) in H1 2025 as compared to $8.2 million (39.7% margin) in H1 2024. Operating Expenses Total operating expenses declined 8.2% to $12.6 million (58.0% of revenue) in H1 2025 as compared to $13.8 million (66.8% of revenue) in H1 2024, due to a reduction in one-time professional service fees associated with the Company's Nasdaq listing. Sales, general and administrative ("SG&A") expenses declined 11% to $10.9 million (50.1% of revenue) in H1 2025 as compared to $12.3 million (59.5% of revenue) in H1 2024. SG&A expenses in H1 2025 included $1.8 million of costs associated with being a public company, while SG&A expenses in H1 2024 included $2.6 million of non-recurring transaction costs related to the Nasdaq listing. Excluding these costs, SG&A expenses in H1 2025 were $9.1 million (41.9% of revenue) as compared to $9.7 million (46.9% of revenue) in H1 2024. Research and development expenses, consisting primarily of our personnel-related costs including salaries, benefits, and share-based compensation for engineers and other employees engaged in the research, design, and development of new and existing technology and data products, increased 14.2% to $1.7 million (7.9% of revenue) in H1 2025 as compared to $1.5 million (7.3% of revenue) in H1 2024 Operating Loss Operating loss increased 1.2% to a loss of $5.6 million (-25.9% margin) in H1 2025 as compared to a loss of $5.6 million (-27.0% margin) in H1 2024, reflecting a decline in gross profit offset by reduction in SG&A expenses. Net Loss Net loss narrowed 27.2% to a loss of $4.3 million in H1 2025 as compared to a loss of $5.9 million in H1 2024, due primarily to the recognition of a financial liability valuation gain resulting from the decline in the Company's share and warrant price, relating to share-based contingent consideration from prior M&A activities and outstanding warrants. Adjusted EBITDA and Margin Our Adjusted EBITDA in H1 2025 declined to a loss of $3.2 million from a loss of $1.4 million in H1 2024, and our Adjusted EBITDA margin also declined to (14.7%) in H1 2025 as compared to (6.7%) in H1 2024, reflecting the impact of approximately $1.8 million of newly incurred public company compliance and related costs in H1 2025 following our Nasdaq listing at the end of 2024. By comparison, H1 2024 included $2.6 million of non-recurring transaction-related expenses associated with the listing, which were adjusted out in the calculation of Adjusted EBITDA. Please see "Use and Reconciliation of Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS Financial Measures – Adjusted EBITDA Calculation (Unaudited)" below, as they relate to our Adjusted EBITDA and margin. Management Adjusted EBITDA and Margin Our Management Adjusted EBITDA, a non-IFRS financial measure used to evaluate underlying operational performance excluding public company costs, was a loss of $1.4 million in H1 2025 after adjusting for $1.8 million of newly incurred public company compliance and related costs in H1 2025 following our Nasdaq listing at the end of 2024. We did not incur any such costs in H1 2024 and Management Adjusted EBITDA in H1 2024 was also a loss of $1.4 million. Our Management Adjusted EBITDA margin improved to (6.5%) in H1 2025 from (6.7%) in H1 2024. Please see "Use and Reconciliation of Non-IFRS Financial Measures" and "Reconciliation of Non-IFRS Financial Measures – Adjusted EBITDA Calculation (Unaudited)" below, as they relate to our Adjusted EBITDA and margin. Liquidity and Capital Resources As of June 30, 2025, cash and cash equivalents were $1.6 million, down $2.0 million when compared to $3.6 million as of December 31, 2024. The decrease was primarily attributable to repayment of outstanding debt and contractual obligations, including the repayment of the outstanding balance under the 3i Note (as defined below) and outstanding professional and service fees associated with the business combination with Blue Ocean Acquisition Corp. and the listing on the Nasdaq in December 2024. As of September 30, 2025, cash and cash equivalents were $1.8 million. Our audited consolidated financial statements for the year ended December 31, 2024 include disclosure regarding substantial doubt about our ability to continue as a going concern, and the Company's unaudited condensed consolidated financial results as of and for the six months ended June 30, 2025 have also been prepared on the same basis. For the six months ended June 30, 2025, our loss for the period was $4.3 million and net cash used in operating activities for the same period amounted to $1.8 million. These conditions raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern depends on its ability to improve operating conditions and raise additional capital through equity offerings or debt financings. Our management's business plans consider, among others, cost management, the issuance of equity, promissory notes and renewal of its loan facilities with financial institutions. Our management has prepared cash flow projections and considered the funding requirements for a period including 12 months from the date of approval of these interim financial results. Based on this review, and assuming that operations continue as currently planned, it was projected that additional financing would be required prior to the second quarter of 2026. To support our ongoing liquidity, we currently have in place an equity line of credit ("ELOC") with Tumim Stone Capital LLC, which provides us the flexibility to sell ordinary shares from time to time and receive cash proceeds to fund working capital and operational needs. However, there is no assurance that the ELOC can be utilized to the extent required for working capital and operational needs. In addition, we continue to evaluate a range of potential financing options, including debt and equity instruments, that may offer more attractive terms and strengthen our long-term capital structure. Such options are subject to negotiation and agreement with counterparties, and there is no guarantee that they will be successfully executed. Although the Company's management continues to pursue these plans, there can be no assurance that it will be successful in obtaining sufficient funding on terms acceptable to it to fund continuing operations. Status of Certain Financings The Company reports further details on the status of the 3i Note (as defined below) and Tumim ELOC (as defined below) since June 30, 2025 to the date of this press release. The Company issued a convertible note in the aggregate principal amount of $4.7 million to 3i, LP ("3i") on December 13, 2024 (the "3i Note"). As of June 30, 2025, the outstanding balance, including accrued interest, under the 3i Note was $2.6 million. Since June 30, 2025, we have repaid approximately $2.2 million of the outstanding balance, including accrued interest, under the 3i Note. The remaining balance, including accrued interest, under the 3i Note as of the date of this press release is approximately $0.3 million. The Company entered into an ordinary share purchase agreement for an equity line of credit (the "Tumim ELOC") with Tumim Stone Capital LLC ("Tumim") on November 25, 2024, which was amended on June 13, 2025 and September 14, 2025. During the six months ended June 30, 2025, the Company sold 1,117,000 ordinary shares pursuant to the Tumim ELOC for gross proceeds of $690,223. The ordinary shares were sold at prices calculated using the volume weighted average trading prices, for an average price per share of $0.6179. Pursuant to the terms of the 3i Note, $172,556 of the aggregate gross proceeds raised was used to repay the outstanding balance under the 3i Note. During the period from July 1, 2025 to the date of this press release, the Company sold 5,735,000 ordinary shares pursuant to the Tumim ELOC for gross proceeds of $1,583,633. The ordinary shares were sold at prices calculated using the volume weighted average trading prices, for an average price per share of $0.2761. Pursuant to the terms of the 3i Note, $182,764 of the aggregate gross proceeds raised was used to repay the outstanding balance under the 3i Note. The Company is using the net proceeds raised from the Tumim ELOC sales during the period from July 1, 2025 to the date of this press release for general working capital and repayment of its obligations. About TNL Mediagene Headquartered in Tokyo, TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co., Ltd. and Japan's Mediagene Inc., two of the region's leading independent digital media groups. The company's operations span original and licensed media brands in Japanese, Chinese, and English, covering topics such as news, business, technology, science, food, sports, and lifestyle. It also offers AI-driven advertising services, marketing technology platforms, e-commerce, and innovative solutions tailored to the needs of advertising agencies. Known for its political neutrality, appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 500 employees across Asia, with offices in Japan, Taiwan, and Hong Kong. https://www.tnlmediagene.com/ Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2025, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication. Use and Reconciliation of Non-IFRS Financial Measures In this press release, we have included Adjusted EBITDA, Management Adjusted EBITDA and their respective margins, non-IFRS financial measures, which are key measures used by our management and board of directors in evaluating our operating performance. Adjusted EBITDA and Management Adjusted EBITDA are our preferred metrics for profitability because we believe they facilitate operating performance and profit performance comparisons on a period-to-period basis and exclude items that we do not consider to be indicative of our core operating performance. These non-IFRS financial measures have limitations as an analytical tool, and you should not consider any of them in isolation or as a substitute for analysis of our results as reported under IFRS. Some of these limitations are: Although amortization and depreciation are non-cash charges, the assets being amortized and depreciated may have to be replaced in the future, and adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs, including public company costs; Adjusted EBITDA does not reflect the potentially dilutive impact of equity-based compensation; and Other companies, including our competitors in various industries, may calculate adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure. To calculate our Adjusted EBITDA, we adjust, (i) non-cash items such as depreciation expenses, amortization expenses and stock-based compensation expenses and (ii) extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization, to operating profit (loss) for the period. To calculate our Management Adjusted EBITDA, we further adjust public company compliance and related costs to Adjusted EBITDA for the period. Our management does not consider Adjusted EBITDA or Management Adjusted EBTIDA (or their respective margins) in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS measures is that they exclude significant expenses that are required by IFRS to be recorded in our financial statements. In addition, these non-IFRS measures are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining such non-IFRS financial measures. For reconciliation of Adjusted EBITDA, Management Adjusted EBITDA and their respective margins to IFRS financial measures, see "Reconciliation of Non-IFRS Financial Measures – Adjusted EBITDA Calculation (Unaudited)." View original content to download multimedia:https://www.prnewswire.com/news-releases/tnl-mediagene-nasdaq-tnmg-announces-first-half-fiscal-year-2025-unaudited-financial-results-302576977.html

NEW YORK and TOKYO, May 1, 2025 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG), a Tokyo-based next-generation digital media and data group in Asia, announces the release of its financial and operational results for the fiscal year ended December 31, 2024, as detailed in its annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 30, 2025 and available on the US Securities and Exchange Commission's public website at www.sec.gov. The condensed financial information presented in this press release should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2024 included in TNL Mediagene's annual report on Form 20-F filed with the SEC on April 30, 2025, which provides a more complete discussion of its accounting policies and certain other information. -FY2024 consolidated revenue of $48.5 million, a 35% increase over FY2023 consolidated revenue of $35.8 million -Media & Branded Content business unit's year-to-year revenue growth of 41.0% -Technology business unit's year-to-year revenue growth of 34.0% -Digital Studio business unit's year-to-year revenue growth of 33.0% -FY2024 gross profit of $17.7 million, a 40.2% increase over FY2023 gross profit of $12.7 million -FY2024 gross margin of 36.6%, a ~1% margin expansion over FY2023 gross margin of 35.3% -FY2024 adjusted EBITDA (Non-IFRS)1 of -$0.9 million vs. FY2023 adjusted EBITDA of -$1.0 million -FY2024 adjusted EBITDA margin (Non-IFRS)2 of -1.8%, an improvement over FY2023 adjusted EBITDA margin of -2.8% -Began trading as a public company on NASDAQ under "TNMG" on December 6, 2024 These presentation slides are available here. FY2024 Financial Highlights: Strong Consolidated Revenue Growth in FY2024: TNL Mediagene achieved consolidated revenue of $48.5 million in FY2024, a 35.3% increase over FY2023's consolidated revenue of $35.8 million. Revenue growth was primarily driven by the full year consolidation of Mediagene Inc., and an increase in digital studio revenue, supported by growth in integrated marketing projects for public sector and not-for-profit clients in 2024 compared to 2023. Diversification into tech and data-powered products, including retail media networks, new strategic data partnerships, as well as innovative content, resulting in increased user engagement, especially in short-form video formats, contributed to the growth. Strong Business Unit Revenue Growth in FY2024: Media & Branded Content business unit's year-to-year revenue growth was 41%, primarily driven by our acquisition of popular digital media assets such as Gizmodo Japan and Business Insider Japan. Technology business unit's year-to-year revenue growth was 34%, primarily due to revenue contributions from affiliate marketing and retail media channels. Digital Studio business unit's year-to-year revenue growth was 33%, primarily attributable to consulting services provided by Infobahn as well as increased revenue from several integrated marketing projects for public sector and not-for-profit organizations. Balanced growth across our business units highlights the healthy cross-sell among our business units and their divisions and our offering of full-suite turn-key products and services. Gross Profit Growth and Gross Margin Expansion: FY2024 gross profit of $17.7 million is a 40.2% increase over FY2023 gross profit of $12.7 million. FY2024 gross margin of 36.6% represents a ~1% margin expansion over FY2023 gross margin of 35.3%. Gross profit growth and margin expansion highlight stable cost structure and incremental implementation of our group's cost-optimization initiatives. Near Break-Even Adjusted EBITDA and Stable Adjusted EBITDA Margin: Our FY2024 Adjusted EBITDA was negative $0.9 million, an improvement over our FY2023 Adjusted EBITDA of negative $1.0 million. Our FY2024 Adjusted EBITDA Margin also improved to negative 1.8% from FY2023 Adjusted EBITDA Margin of negative 2.8%. We believe these figures highlight our cost discipline and continued efforts toward achieving break-even/positive Adjusted EBITDA. Key Traffic & Engagement Metrics: Our average monthly digital footprint3 was approximately 189 million and average monthly unique users4 was approximately 45 million. Metrics of this scale place the company among the largest Asian and international media companies in terms of traffic and engagement. Completion of NASDAQ Public Listing: TNL Mediagene began trading as a public company on NASDAQ under "TNMG" on December 6, 2024. This represents a key milestone for us since the launch of The News Lens Co., Ltd. in 2013 and the launch of Mediagene Inc. in 1998. Subsequent Company Highlights Since FY2024 End: Strengthened Global Expansion With New Board Structure: First-rate international board includes directors with senior operational, advisory and director roles at companies including Yahoo!, Wall Street Journal, NBC Universal, SBI Financial, BCG and Reapra. Key C-Suite Hires & Additional Personnel: New Chief Human Resources Officer, new Chief Governance Officer among other key hires. Announced Strategic Partnership with PChome Online: One of Taiwan's leading e-commerce brands, PChome Online. This collaboration marks a significant step in shifting the retail media ecosystem by integrating the DNA of Content Marketing and Affiliate Marketing to launch an innovative Content Commerce operation methodology. Announced Agreement with Business Insider Taiwan5 : Following successful years-long Business Insider Japan partnership, one of Japan's leading business news media outlets with millions of monthly unique users, the company has reached an agreement with Business Insider to launch a Taiwan version of the U.S.-based business media brand, with the aim of serving the global Mandarin-language community. Represents a large market and revenue opportunity for TNL Mediagene as Business Insider Japan is a key revenue driver for the company, and Business Insider Taiwan*3 is a key milestone for the company in this regard. 2025 Initiatives & Outlook: Continued Emphasis on M&A: TNL Mediagene operates a disciplined and successful M&A roll-up strategy and maintains an active pipeline of potential future M&A opportunities. Capital Markets Optimization Strategy: Key capital markets initiatives to be announced in 2025. Cost Optimization Initiatives: Company continues its focus on improving Adjusted EBITDA to achieve break-even/positive Adjusted EBITDA in 2025 through its disciplined cost optimization initiatives, including AI-based savings in content, sales, and data analytics and streamlining headcount. Co-Hosting the 2025 Generative AI Dual Conference: Taiwan's Premier AI Event, Bringing Together Over 1,000 Industry Participants. Co-organized by the Generative AI Conference committee and TNL Mediagene, the two-day conference will feature a split agenda including the Generative AI Developers Conference on May 23, followed by the Generative AI Conference on May 24. This dual format allows tailored content for developers, business professionals, and AI enthusiasts alike. Preliminary FY2025 Revenue & EBITDA Guidance: Preliminary FY2025 revenue and Adjusted EBITDA guidance is expected to be provided in a management business update presentation in May 2025. Management Commentary: TNL Mediagene's unique business model, built around a portfolio of diverse digital media brands and AI-powered advertising and data analytics solutions, positions it favorably in the rapidly evolving digital media landscape. With a focus on Millennial and Gen Z audiences in Japan and Taiwan, TNL Mediagene leverages its proprietary first and zero-party data to deliver market-leading return on advertising spend (ROAS) for its diverse client base of over 850 regional and global advertisers. TNL Mediagene is committed to its growth strategy, which includes investing in sophisticated data assets, increasing user engagement across its 25 digital media brands reaching approximately 45 million average monthly unique users*2, consolidating its position in existing media categories, and expanding into new geographies across East and Southeast Asia. "2024 was a milestone year for TNL Mediagene as we completed our public listing on NASDAQ after being a private company for 12 years. 2024 was also one of our strongest years on record in terms of operational performance with regard to total group revenue, revenue growth and cost management. All 3 of our business units performed exceptionally well over the year and are now approximately the same size in terms of scale, which we believe is a result of our focus on cross-sell and our efforts to position our products as a full-suite, turn-key solution to our client base. On an IFRS-basis our results were impacted by non-recurring IPO listing expenses and non-recurring impairment charges, as detailed in our notes. Of these charges approximately $5m were cash charges and the remainder were non-cash. Looking ahead we are excited to continue providing industry-leading media & branded content, digital studio and technology advertising solutions to our 850+ clients, allowing them to reach large Asian millennial and Gen Z audiences with precision both in Asia and abroad. We'll continue to pursue our strategic and disciplined M&A strategy as we look toward continued growth and expansion," Co-Founder & CEO Joey Chung said. Co-Founder & President Motoko Imada said, "We are excited to be a public company on NASDAQ which we feel will provide us with significant benefits and advantages going forward and is also a key part of our long-term strategy for TNL Mediagene. We are very pleased with our new public company board and the caliber of talent we've been able to attract to these roles. Our businesses performed very well in 2024, both on the top line and in terms of cost management. Looking ahead, we've had some exciting recent contract wins, including Business Insider Taiwan, that we are looking forward to rolling out in the coming weeks and months. We'll also be focused on our investor and public communications efforts going forward and plan to be participating in some near-term conferences both in Asia and in the US. We thank our existing investors for their support over the years and we look forward to meeting new investors at these events this year." 1 Adjusted EBITDA is a non-IFRS financial measure. See the "Use of Non-IFRS Financial Measures" section of this communication for the definition of this non-IFRS measure and reconciliation to IFRS items. 2 Adjusted EBITDA margin is a non-IFRS financial measure. See the "Use of Non-IFRS Financial Measures" section of this communication for the definition of this non-IFRS measure and reconciliation to IFRS items. 3 Average monthly digital footprint refers to the monthly average of the total number of page and video views across our 25 digital media brands and associated social media platforms, including, among others, YouTube, Tik Tok and Facebook, based on our internal data for the twelve months ended March 31, 2025 4 Average monthly unique users refers to the average monthly unique users of our owned digital media sites and accounts on social media platforms such as YouTube and TikTok based on our internal data for the twelve months ended March 31, 2025 5 The name "Business Insider Taiwan" used in this release is a provisional designation for convenience. The official name will be determined at a later date. About TNL Mediagene Headquartered in Tokyo, TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc., two of the region's leading independent digital media groups. The company's operations span original and licensed media brands in Japanese, Chinese, and English, covering topics such as news, business, technology, science, food, sports, and lifestyle. It also offers AI-driven advertising services, marketing technology platforms, e-commerce, and innovative solutions tailored to the needs of advertising agencies. Known for its political neutrality, appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 500 employees across Asia, with offices in Japan, Taiwan, and Hong Kong. https://www.tnlmediagene.com/ Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements in the section entitled "2025 Initiatives and Outlook" and "Management Commentary" such as statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's CEO and president. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication. Use of Non-IFRS Financial Measures In this press release we have included adjusted EBITDA, a non-IFRS financial measure, which is a key measure used by our management and board of directors in evaluating our operating performance. Adjusted EBITDA is our preferred metric for profitability because we believe it facilitates operating performance comparisons on a period-to-period basis and excludes items that we do not consider to be indicative of our core operating performance. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under IFRS. Some of these limitations are: although amortization and depreciation are non-cash charges, the assets being amortized and depreciated may have to be replaced in the future, and adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; adjusted EBITDA does not reflect the potentially dilutive impact of equity-based compensation; and other companies, including our competitors in various industries, may calculate adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure. We define adjusted EBITDA as profit (loss) for the period excluding (i) non-cash items such as depreciation expenses, amortization expenses, stock-based compensation expenses and impairment loss on intangible assets and (ii) extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization. Reconciliation of Non-IFRS Financial Measures: View original content to download multimedia:https://www.prnewswire.com/news-releases/tnl-mediagene-reports-full-year-2024-financial-results-highlighting-robust-growth-cost-efficiency-and-compelling-future-opportunities-302444215.html SOURCE TNL Mediagene

NEW YORK and TOKYO, April 10, 2025 /PRNewswire/ -- TNL Mediagene (NASDAQ: TNMG), a leading media and technology company in Asia, today announced its preliminary unaudited financial results highlights for the year ended December 31, 2024, and provided an outlook for 2025. 2024 Unaudited Preliminary Highlights Management Commentary "Despite the one-time DeSPAC and IPO fees and time and resource consuming process, 2024 was a very successful year for us," said Joey Chung, CEO of TNL Mediagene. "Our revenue grew considerably, and EBITDA margins improved substantially as well, especially when excluding foreign exchange adjustments, which would show even larger numbers. We achieved significant synergies across our operations in Japan and Taiwan, and aim to continue to greatly diversify our media, revenue and products across different languages, and include more data analytics, content commerce and AI services. We are confident that 2025 will also be a year of growth for us. Importantly, we are one of the few media/tech/data/e-commerce companies that are close to achieving operational profitability, while still in its growth stage. Furthermore, the recently proposed U.S. government tariff rules are not expected to impact TNMG's operations or this year's business performance forecasts." "Looking ahead to 2025, we are focused on diversifying our media multilingualization and revenue sources, enhancing content commerce and brand performance advertising, and strengthening video and video commerce for monetization. By leveraging technology and data, we aim to capture retail media ad budgets and support our corporate commerce business. Additionally, we will continue to improve operational efficiency and reduce costs using AI technology to automate content creation, martech products, translation, and other tasks." "We believe TNL Mediagene is currently undervalued and trading at an attractive level, with a price-to-sales (P/S) ratio of around 0.5x and a price-to-book (P/B) ratio of around 0.4x, while the media, martech and data analytics industries trade well above those ranges. Across the board, we are working to improve our overall profitability structure, EBITDA margin and seize growing opportunities to build value for our stakeholders. Together we believe our efforts can result in continued revenue growth and EBITDA improvement for 2025." About TNL Mediagene TNL Mediagene (NASDAQ: TNMG), a Tokyo based Asian media and technology company, is the product of the May 2023 merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc., two leading, independent digital-media groups. Its business includes original and licensed media brands in Chinese, Japanese and English, across a range of subjects, including news, business, technology, science, food, sports and lifestyle; AI-powered advertising and marketing technology platforms in demand by agencies; and e-commerce and creative solutions. It takes pride in its political neutrality, its reach with younger audiences, and its quality. The company has about 500 employees across Asia, with offices in Japan, Taiwan and Hong Kong. https://www.tnlmediagene.com/ Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication. Use of Non-IFRS Financial Measures In this press release we have included adjusted EBITDA, a non-IFRS financial measure, which is a key measure used by our management and board of directors in evaluating our operating performance. Adjusted EBITDA is our preferred metric for profitability because we believe it facilitates operating performance comparisons on a period-to-period basis and excludes items that we do not consider to be indicative of our core operating performance. We define adjusted EBITDA as profit (loss) for the period excluding depreciation expenses and amortization expenses as well as extraordinary items associated with one-time events and transactions, such as one-time transaction-related expenses not eligible for capitalization. View original content to download multimedia:https://www.prnewswire.com/news-releases/tnl-mediagene-announces-preliminary-2024-financial-results-and-2025-outlook-2024-results-in-strong-revenue-and-proforma-ebitda-performancemanagement-expects-continued-revenue-growth-in-the-2025-fiscal-year-302425600.html SOURCE TNL Mediagene