Graham (GHC) reported FY 2025 revenue of USD 4.9 billion (+3%) and operating income of USD 234.9 million. Net income attributable to common shares was USD 292.3 million (USD 66.47 per diluted share) for FY 2025, and adjusted net income attributable to common shares was USD 226.5 million (USD 51.50 per diluted share). FY 2025 adjusted operating cash flow (non-GAAP) was USD 407.1 million, and capital expenditures were USD 79.8 million. In Q4 2025, Graham reported revenue of USD 1.3 billion and operating income of USD 47.6 million. Net income attributable to common shares was USD 108.7 million (USD 24.69 per diluted share), while adjusted net income attributable to common shares was USD 50.4 million (USD 11.45 per diluted share). Q4 adjusted operating cash flow (non-GAAP) was USD 97.6 million, and capital expenditures were USD 25.7 million. Key business and corporate updates included a Honda dealership acquisition in Woodbridge, Virginia (October 21, 2025) and a refinancing that included issuing USD 500 million of 5.625% unsecured notes due December 1, 2033, alongside a new USD 400 million revolving credit facility (both on November 24, 2025). At December 31, 2025, borrowings were USD 880.8 million (average interest rate 5.7%) and cash, marketable equity securities and other investments totaled USD 1.4 billion; the company also reported a pension surplus of USD 2.8 billion. Segment commentary for Q4 cited a 32% drop in television broadcasting revenue to USD 110.5 million driven mainly by lower political advertising, while healthcare revenue rose 28% and operating income rose 77%, including CSI Pharmacy revenue up 44%. Graham also recorded USD 83.1 million in Q4 net gains on marketable equity securities and a USD 13.8 million credit to interest expense tied to fair value adjustments of a mandatorily redeemable noncontrolling interest in the healthcare division.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Graham Holdings Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20260224509125) on February 25, 2026, and is solely responsible for the information contained therein.