Announcement • Jul 13
Zinc Media Group Launches Cicada AI Label Zinc Media Group plc had announced the launch of Cicada, a new AI label that will drive AI innovation across the Group and empower Zinc's production of commercials, films, events and content for clients. The launch formalises a capability that has rapidly become a meaningful contributor to Group revenue. AI-related work scaled from zero in 2024 to several million pounds of revenue in 2025, with credits including an AI industry trade event, an AI-powered television commercial and an AI-generated training film. Such productions have included 'The Dreamer' for G42 with Kimi Antonelli, released late Summer 2025, which incorporated entirely AI generated holograms. Cicada provides a permanent home for this capability and a focal point for driving AI innovation across the Group, positioning Zinc to capture continued growth in client demand for AI content. Working in partnership with Zinc's television, events labels and brand content company The Edge, Cicada provides the tools and techniques to research, develop, produce and post-produce AI work across the Zinc Group. Cicada will strengthen Zinc's wider operating platform across client services, production, post-production, marketing and internal delivery. By embedding these tools across the business, Zinc expects to enhance creative capability, improve workflow efficiency and support margin growth across its labels. New Risk • Apr 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (UK£12.2m market cap, or US$16.5m). Reported Earnings • Apr 17
Full year 2025 earnings released: UK£0.10 loss per share (vs UK£0.024 loss in FY 2024) Full year 2025 results: UK£0.10 loss per share (further deteriorated from UK£0.024 loss in FY 2024). Revenue: UK£41.5m (up 28% from FY 2024). Net loss: UK£2.56m (loss widened 356% from FY 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. 
