Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q2 2025 Earnings Presentation
30 slides from Alma Media Oyj's earnings presentation, Jul 1, 2025
Slide 1: Alma Media's Q2 2025
ALMA MEDIA’S Q2 2025: Adjusted operating profit for Q2 increased by 8.9%, all segments improved profitability
Slide 2: Q2 2025 Highlights: Revenue grew by 4.5%, adjusted operating profit up by 8.9%
Q2 2025 Revenue grew by 4.5%, adjusted operating Highlights profit up by 8.9% ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +4.5% +8.9% 30 30 83.7 24.8% 24.2% 25.2% 78.2 80.1 25 25 21.1 19.4 19.4 20 20 15 15 10 10 5 5 0 0 Q2 2023 Q2 2024 Q2 2025 Q2 2023 Q2 2024 Q2 2025 • Solid perfo
Slide 3: Acquisitions supported revenue growth, while challenging market conditions tempered expansion
Acquisitions supported revenue growth, while challenging market conditions and uncertainty tempered overall expansion REVENUE Q2 2025 (MEUR) ADJUSTED OPERATING PROFIT Q2 2025 (MEUR) 83.7 +0.1 +0.1 +0.8 -0.6 21.1 +4.1 +1.3 80.1 -0.7 19.4 +0.2 Q2 2024 Alma Alma Alma News Non- Q2 2025 Q2 2024 Alma Alma
Slide 4: Proportion of digital business reached record-high levels
On rolling 12 months basis, the proportion of digital business reached record-high levels REVENUE BY REVENUE CLASSES Q2 2025 (MEUR) SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* (REVENUE CHANGE IN BRACKETS) 90 84% 85% 81% 82% 300 80 77% 271 Classified 32.2 0.8 (2.5%) 263 69% 250 251 70 63% 66% 250 61%
Slide 5: Development by Business Segments
DEVELOPMENT BY BUSINESS SEGMENTS
Slide 6: Business segments
Business segments Q2 2025 ALMA CAREER ALMA MARKETPLACES ALMA NEWS MEDIA Vesa-Pekka Kirsi Santtu Elsinen Juha-Petri Loimovuori Leading Job boards in 10 CEE Leading marketplaces in real Leading digital news media in countries. Recruitment estate, mobility and business the Finnish market. Pioneer in ad
Slide 7: Alma Career: Adjusted operating profit turned to growth
Alma Career: Adjusted operating profit turned to growth as a result of efficiency improvement measures SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 43.2% 50 42.2% 45 40.2% 40.4% 27.7 45 38.7% 40 -
Slide 8: Invoicing & revenue recognition in Alma Career, rolling 12 months
Invoicing & revenue recognition in Alma Career, rolling 12 months Rolling 12 months, EURk Revenue Invoicing 10 000 9 500 8 964 9 000 8 854 8 500 8 000 7 876 7 500 7 000 6 847 6 500 6 000 09/21 11/21 01/22 03/22 05/22 07/22 09/22 11/22 01/23 03/23 05/23 07/23 09/23 11/23 01/24 03/24 05/24 07/24 09/24
Slide 9: Alma Marketplaces: Revenue grew by 16.5% organically
Alma Marketplaces: Revenue grew by 16.5% organically as well as supported by acquisitions – profitability continued to strengthen SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 50 35.3% 40 45 29.2 3
Slide 10: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) -13.5% +32.8% 5 177 5 326 5 097 4 839 4 843 4 434 4 523 4 410 4 559 4 389 3 837 4 035 3 559 4 993 5 152 4 931 4 267 4 319 4 199 4 341 4 697 4 690 3 835 4 256 3 413 3 686 P06 23 P07 23 P08 23 P09 23 P10 23 P11 23 P12 23 P01
Slide 11: Mobility market & marketplaces update
Mobility market & marketplaces update MOBILITY MARKET UPDATE* (SOLD CARS) -4.6% +7.9% 65 027 63 915 66 131 61 566 59 566 57 883 55 201 58 071 55 079 49 615 50 489 47 510 43 078 48 914 57 360 55 256 57 526 60 303 52 276 49 068 48 628 51 938 44 339 41 270 45 789 37 327 P6 23 P7 23 P8 23 P9 23 P10 23 P
Slide 12: Alma News Media: Revenue on par, adjusted operating profit climbed by 20.1%
Alma News Media: Revenue on par, adjusted operating profit climbed by 20.1% SEGMENT REVENUE BY DIGITAL/PRINT REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 50 45 45 40 +0.2 -0.2 27.5 40 35 27.4 +0.2 Digital 17.5 1.3 (7.8%) 35 30 29.2
Slide 13: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 06/2024–06/2025 25% 15% 5% -5% -15% -25% P6 24 P7 24 P8 24 P9 24 P10 24 P11 24 P12 24 P1 25 P2 25 P3 25 P4 25 P5 25 P6 25 Advertising sales total, chg % Newspaper advertising, chg % Online advertising, chg % Source: Kantar TNS
Slide 14: Solid Financial Position
SOLID FINANCIAL POSITION
Slide 15: Balanced financial position
Balanced financial position 500 NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q2/2022 – Q2/2025 450 150 400 94% 81% 82% 81% 100 350 69% 73% 70% 71% 59% 65% 60% 60% 300 48% 49% 54% 39% 42% 46% 43% 46% 46% 46% 44% 46% 50 250 51% 46% 200 0 150 100 -50 164 154 143 160 151 146 169 155 140 159 128 138 1
Slide 16: Solid cash flow
Solid cash flow OPERATING CASH FLOW Q2/2022 – Q2/2025 (MEUR) OPERATING CASH FLOW BRIDGE H1/2024 – H1/2025 24.2 3.0 22.3 21.2 37.8 20.6 2.5 19.6 1.3 18.8 20 3.4 17.0 17.3 17.6 35.1 -6.0 2.0 15.5 3.0 13.0 15 1.5 1.0 10.9 9.8 1.0 10 0.5 5 0.0 -0.5 0 H1 2024 Adjusted Taxes paid Net interest Changes Othe
Slide 17: Investments
Investments 4 3 2 CAPEX, LEASES, M&A Q2/2022 – Q2/2025 DEPRECIATIONS Q2/2022 – Q2/2025 1 Leases 16 16 0 CAPEX 14 14 1 -1.7 -1.6 -1.6 13 1 -1 -1.8 M&A 12 10 -2 -0.6 -0.9 -1.2 10 -1.6 -3 8 4 -1.8 -1.8 -1.4 7 11 1 14 13 -4 -1.6 6 5 5 5 3 1 4 4 -5 4 2 3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 3 7 1 3 3 1
Slide 18: Earnings per share
Earnings per share ROE & ROI (%) Q2/2022 – Q2/2025* EARNINGS PER SHARE Q2/2022 – Q2/2025 80 0.28 70.5 70 0.23 60 0.20 0.20 0.19 50 0.18 0.18 0.18 40.5 0.15 40 0.14 0.14 0.13 0.13 28.6 29.4 28.9 30 22.0 20 17.3 17.2 10 0 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q2
Slide 19: Alma Media's long-term financial targets
Alma Media’s long-term financial targets* REVENUE GROWTH (%) ADJUSTED OPERATING PROFIT (%)* NET DEBT/EBITDA RATIO* >5.0% >30% <2.5x 19,6 >30% 2.3 24.6 25.0 <2.5x 23.8 24.1 12,1 22.2 1.7 1.6 1.6 1.5 >5% 3,8 2,5 -1,2 2021 2022 2023 2024 Q2 2025 2021 2022 2023 2024 Q2 2021 2022 2023 2024 Q2 2025 LTM 20
Slide 20: Operating Environment
OPERATING ENVIRONMENT
Slide 21: Latest European Commission financial forecast for Alma's operating countries
Latest European Commission financial forecast for Alma's operating countries GDP Change (%) Inflation (%) Unemployment (%) 2025 2026 2025 2026 2025 2026 1.0 1.3 1.7 1.5 8.6 8.3 Finland 1.9 2.1 2.2 2.0 2.6 2.6 Czechia 1.5 1.4 4.0 2.9 5.3 5.3 Slovakia 3.2 2.9 3.4 2.0 4.6 4.5 Croatia 1.1 1.9 2.2 1.6 8.
Slide 22: Challenging operating environment
Challenging operating environment Lagging Changing Increasing Geopolitical economic growth consumer behaviour regulation turbulence Growth picking up, but Digitalisation continues to As the popularity of digital Geopolitical tensions remain major changes in geopolitics reshape consumer services grow
Slide 23: Strategy and Outlook
STRATEGY AND OUTLOOK
Slide 24: Strong market positions and leading brands in key areas
Strong market positions and leading brands in key areas RECRUITING #1 Czech Republic jobs.cz, prace.cz #1 Slovakia profesia.sk #1 Croatia mojposao.net #2 Finland jobly.fi 1 #1-3 Estonia, Latvia, cvonline.com Lithuania 1 #1 Bosnia and Herzegovina, mojposao.ba, 1 Macedonia, Serbia vrabotuvanje.com.mk,
Slide 25: Alma Media's transformational journey
Alma Media’s transformational journey Exploiting paradigm changes in technology and consumer behaviour Integrating Platforms 2020 > Media and Services • Expanding our role in value chains • Streamlining customer processes by 2000 - 2020 integrating services to platforms • Enabling integrations also
Slide 26: Strategy Synergies
Strategy Synergies 1 TRANSFORM • Streamline customer processes by integrating services to platforms Advanced • Systematically improve all products and processes with AI MARKETPLACES • Increase operational agility to speed up time- Intelligent to-market Shared INSIGHTS AUDIENCES 2 GROW DATA TECHNOLOG
Slide 27: From classified advertising to transactions
From classified advertising to transactions Entering larger potential market and enabling new revenue sources B U Y E R S SEARCH EVALUATE NEGOTIATE OWNERSHIP & & & & PROVIDE MARKET CLOSE CRM SELLERS, B2B PARTNERS ADVERTISING TRANSACTIONS We are strengthening and We support our partners in Leveraging
Slide 28: AI boosts Alma's strategy
AI boosts Alma’s strategy 3 NEW BUSINESS MODELS • Changing existing business models and value chains • Creating completely new ones Stage 3: New business models 2 IMPROVING CUSTOMER EXPERIENCE OPPORTUNITY • Improving products via AI-based features Stage 2: • Enhancing customer-facing processes, e.g.
Slide 29: Notable steps in leveraging AI for product innovation
Notable steps in leveraging AI for product innovation • Atmoskop now offers automatic summaries of employee feedback ALMA • Career page content generation in Teamio • Automated video subtitles in Seduo CAREER • Semantic search on Etuovi • Edilex AI has brought intelligent legal content search to pro
Slide 30: Outlook for 2025
Outlook for 2025 Announced on 5 February 2025 Background for the outlook The outlook is based on an analysis of the company’s key market areas, where national economies are projected to recover, albeit amid ongoing Alma Media expects its full-year uncertainty. Global economic revenue and adjusted op