Lee Enterprises Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 28, 2025	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	497.51	511.41	557.62	632.27	720.05	727
Other Revenue	50.34	50.94	53.76	58.87	60.92	67.65
Revenue	547.84	562.34	611.38	691.14	780.97	794.65
Revenue Growth (YoY)	-8.73%	-8.02%	-11.54%	-11.50%	-1.72%	28.58%
Cost of Revenue	217.31	228.98	251.39	293.45	335	364.06
Gross Profit	330.53	333.36	359.99	397.69	445.97	430.59
Selling, General & Admin	-2	-	-	-	-	-
Other Operating Expenses	284.76	290.63	305.39	317.28	340.42	332.83
Operating Expenses	298.92	309.47	333	347.9	376.96	375.68
Operating Income	31.61	23.89	26.99	49.79	69.01	54.91
Interest Expense	-40.47	-40.51	-41.23	-41.47	-41.77	-44.77
Earnings From Equity Investments	4.24	4.28	4.57	6.53	5.66	6.41
Other Non Operating Income (Expenses)	2.51	2.51	1.91	2.42	-0.45	-0.17
EBT Excluding Unusual Items	-2.12	-9.83	-7.77	17.26	32.45	16.38
Merger & Restructuring Charges	-23.85	-25.85	-19.25	-12.67	-22.72	-7.18
Gain (Loss) on Sale of Assets	-0.93	-	-	-	-	-
Asset Writedown	-6.97	-6.97	-7.76	-7.67	-14.2	-0.98
Other Unusual Items	-	-	3.59	-	5.27	23.83
Pretax Income	-33.86	-42.65	-31.18	-3.08	0.8	32.05
Income Tax Expense	-9.22	-6.9	-7.61	-0.35	0.7	7.26
Earnings From Continuing Operations	-24.65	-35.75	-23.57	-2.73	0.1	24.79
Minority Interest in Earnings	-1.81	-1.85	-2.27	-2.53	-2.11	-2.05
Net Income	-26.46	-37.59	-25.85	-5.27	-2.02	22.75
Net Income to Common	-26.46	-37.59	-25.85	-5.27	-2.02	22.75
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	2.27%	2.05%	1.31%	1.52%	-0.81%	2.32%
EPS (Basic)	-4.34	-6.20	-4.35	-0.90	-0.35	3.98
EPS (Diluted)	-4.34	-6.20	-4.35	-0.90	-0.35	3.90
Free Cash Flow	5.52	-7.08	-8.09	-8.29	-4.68	42.6
Free Cash Flow Per Share	0.91	-1.17	-1.36	-1.41	-0.81	7.31
Gross Margin	60.33%	59.28%	58.88%	57.54%	57.10%	54.19%
Operating Margin	5.77%	4.25%	4.41%	7.20%	8.84%	6.91%
Profit Margin	-4.83%	-6.69%	-4.23%	-0.76%	-0.26%	2.86%
Free Cash Flow Margin	1.01%	-1.26%	-1.32%	-1.20%	-0.60%	5.36%
EBITDA	47.77	42.74	54.6	80.41	105.55	97.75
EBITDA Margin	8.72%	7.60%	8.93%	11.63%	13.52%	12.30%
D&A For EBITDA	16.16	18.84	27.62	30.62	36.54	42.84
EBIT	31.61	23.89	26.99	49.79	69.01	54.91
EBIT Margin	5.77%	4.25%	4.41%	7.20%	8.84%	6.91%
Effective Tax Rate	-	-	-	-	87.80%	22.64%
Revenue as Reported	547.84	562.34	611.38	691.14	780.97	794.65

Updated Dec 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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