Profits plummet at Irish Daily Mail publisher after Everymum firm €968,000 writedown
Updated / Wednesday, 10 Jun 2026 10:09
Pre-tax profits at the firm that publishes the Irish Daily Mail last year plummeted to €26,000.
New accounts show that the chief factor behind the sharp drop in pre-tax profit at Associated Newspapers (Ireland) Ltd was an exceptional cost where the company wrote down its investment in the firm Eumedia Ltd, behind Everymum, one of Ireland’s leading parenting websites, by €968,000.
The pre-tax profits of €26,000 for DMG Media Ireland in the 12 months to the end of September last follow the company recording a pre-tax profit of €1.46m in the prior year.
Last year, the firm – which also publishes Irish editions of “The Mail on Sunday” and “Daily Mail Online” – recorded a profit of €994,000 before the exceptional cost.
Revenues at the firm decreased by 4% from €16.47m to €15.78m.
The firm last year paid out a dividend of €2.13m.
The directors state that the company performed in line with expectations for the year.
They state that the company operated in a challenging newspaper and advertising markets, resulting in a 4% decrease in revenues for the year.
The directors state that strong cost control delivered 1% in cost savings year on year resulting in a positive operating profit of €1m for the year – which was down 32% on operating profits of €1.48m in the prior year.
The directors state that the company is committed to its product development, revenue diversification and digital transaction strategy while maintaining its core content creation and efficient print and digital media publishing ethos.
They state that the risks and uncertainties facing the business are those typical of the newspaper sector.
“Influences include the level of competitor investment and further decline of print media in favour of digital,” the directors say.
They state that risks are mitigated by the company’s financial security, long standing reputation, investment in digital services, revenue diversification strategy and tradition within the sector.
The €26,000 pre-tax profit takes account of combined non-cash depreciation and amortisation costs of €735,000.
The company last year recorded a post tax loss of €135,000 after incurring a corporation tax charge of €161,000.
This followed the firm in the prior year enjoying a post tax profit of €3.79m after recording a corporation tax credit of €2.33m.
Shareholder funds totalled €4.4m at the end of last September.
In October 2023 the company purchased the Everymum business for £2.2m from husband and wife team,John Mullins and Gina Militiadou, frome Bray-based Zahra Media.
The DMG Ireland publishing group also operates a portfolio of websites including extra.ie and evoke.ie.
In a post balance sheet event, DMG Media Ireland last December purchased Waterford based WLR FM from The Irish Times Media Group.
Numbers employed by the DMG Media Ireland group decreased from 129 to 125 as staff costs dipped marginally from €10.49m to €10.28m.
Pay to directors remained at €748,000 made up of €699,000 in emoluments and €49,000 in pension contributions.
Separate group accounts filed by Daily Mail and General Trust plc show that revenues decreased slightly to £1.09 billion in the 12 months to the end of September last as the group recorded a pre-tax profit of £34.4m.
Reporting by Gordon Deegan
