Lee Enterprises Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 28, 2025	Sep '24 Sep 29, 2024	Sep '23 Sep 24, 2023	Sep '22 Sep 25, 2022	Sep '21 Sep 26, 2021
Operating Revenue	511.41	557.62	632.27	720.05	727
Other Revenue	50.94	53.76	58.87	60.92	67.65
Revenue	562.34	611.38	691.14	780.97	794.65
Revenue Growth (YoY)	-8.02%	-11.54%	-11.50%	-1.72%	28.58%
Cost of Revenue	228.98	251.39	293.45	335	364.06
Gross Profit	333.36	359.99	397.69	445.97	430.59
Other Operating Expenses	290.63	305.39	317.28	340.42	332.83
Operating Expenses	309.47	333	347.9	376.96	375.68
Operating Income	23.89	26.99	49.79	69.01	54.91
Interest Expense	-40.51	-41.23	-41.47	-41.77	-44.77
Earnings From Equity Investments	4.28	4.57	6.53	5.66	6.41
Other Non Operating Income (Expenses)	2.51	1.91	2.42	-0.45	-0.17
EBT Excluding Unusual Items	-9.83	-7.77	17.26	32.45	16.38
Merger & Restructuring Charges	-25.85	-19.25	-12.67	-22.72	-7.18
Asset Writedown	-6.97	-7.76	-7.67	-14.2	-0.98
Other Unusual Items	-	3.59	-	5.27	23.83
Pretax Income	-42.65	-31.18	-3.08	0.8	32.05
Income Tax Expense	-6.9	-7.61	-0.35	0.7	7.26
Earnings From Continuing Operations	-35.75	-23.57	-2.73	0.1	24.79
Minority Interest in Earnings	-1.85	-2.27	-2.53	-2.11	-2.05
Net Income	-37.59	-25.85	-5.27	-2.02	22.75
Net Income to Common	-37.59	-25.85	-5.27	-2.02	22.75
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	2.05%	1.31%	1.52%	-0.81%	2.32%
EPS (Basic)	-6.20	-4.35	-0.90	-0.35	3.98
EPS (Diluted)	-6.20	-4.35	-0.90	-0.35	3.90
Free Cash Flow	-7.08	-8.09	-8.29	-4.68	42.6
Free Cash Flow Per Share	-1.17	-1.36	-1.41	-0.81	7.31
Gross Margin	59.28%	58.88%	57.54%	57.10%	54.19%
Operating Margin	4.25%	4.41%	7.20%	8.84%	6.91%
Profit Margin	-6.69%	-4.23%	-0.76%	-0.26%	2.86%
Free Cash Flow Margin	-1.26%	-1.32%	-1.20%	-0.60%	5.36%
EBITDA	42.74	54.6	80.41	105.55	97.75
EBITDA Margin	7.60%	8.93%	11.63%	13.52%	12.30%
D&A For EBITDA	18.84	27.62	30.62	36.54	42.84
EBIT	23.89	26.99	49.79	69.01	54.91
EBIT Margin	4.25%	4.41%	7.20%	8.84%	6.91%
Effective Tax Rate	-	-	-	87.80%	22.64%
Revenue as Reported	562.34	611.38	691.14	780.97	794.65

Source: S&P Global Market Intelligence. Standard template. Financial Sources.