Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q2 2026 Earnings Presentation
30 slides from Alma Media Oyj's earnings presentation, Aug 1, 2026
Slide 1: Alma Media's Q2 2026: Strong profitability with all segments improving results
ALMA MEDIA’S Q2 2026: Strong profitability with all segments improving results
Slide 2: Q2 2026 Highlights
Q2 2026 Strong profitability with all segments improving Highlights results ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +15.6% +5.0% 35 27.7% 30 25.2% 80.1 83.7 87.9 30 24.2% 25 24.4 25 20 21.1 19.4 20 15 15 10 10 5 5 0 0 Q2 2024 Q2 2025 Q2 2026 Q2 2024 Q2 2025 Q2 2026 • Alma Medi
Slide 3: Adjusted operating profit grew in all segments
Adjusted operating profit grew in all segments REVENUE Q2 2026 (MEUR) ADJUSTED OPERATING PROFIT Q2 2026 (MEUR) 87.9 +0.3 -0.3 +1.0 -0.8 24.4 +2.7 +2.6 83.7 +1.5 21.1 +0.6 Q2 2025 Alma Alma Alma News Non- Q2 2026 Q2 2025 Alma Alma Alma News Non- Q2 2026 Career Marketplaces Media allocated Career Mark
Slide 4: Digital services and proactive portfolio management contributed to the growth
Digital services and proactive portfolio management contributed to the growth REVENUE BY REVENUE CLASSES Q2 2026 (MEUR) SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* (REVENUE CHANGE IN BRACKETS) 90 84% 86% 87% 81% 82% 290 300 80 77% 281 Classified 34.5 2.3 (7.1%) 263 69% 250 251 70 66% 250 61% 59% 212
Slide 5: Development by business segments
DEVELOPMENT BY BUSINESS SEGMENTS
Slide 6: Business segments
Business segments Q2 2026 ALMA CAREER ALMA MARKETPLACES ALMA NEWS MEDIA Vesa-Pekka Kirsi Santtu Elsinen Juha-Petri Loimovuori Leading job boards in eight CEE Leading marketplaces in real Leading digital news media in countries. Recruitment estate, mobility and business the Finnish market. Pioneer in
Slide 7: Alma Career: Revenue up 5.5% and adjusted operating profit up 4.9%
Alma Career: Revenue up 5.5% and adjusted operating profit up by 4.9%, driven by strong performance in the Czech market SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) 50 55 (REVENUE CHANGE IN BRACKETS) 45 50 28.5 42.3% -0.2 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 9,234 9 000 9,085 8 500 8 000 7 876 7 500 7 000 6 847 6 500 6 000 10/21 01/22 04/22 07/22 10/22 01/23 04/23 07/23 10/23 01/24 04/24 07/24 10/24 01/25 04/25 07/25 10/25 01/26 04/26
Slide 9: Alma Marketplaces: Revenue up 9.2% and adjusted operating profit up 31.1%
Alma Marketplaces: Revenue up 9.2% and adjusted operating profit up by 31.1%, with growth across all business units REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 50 40 (REVENUE CHANGE IN BRACKETS) 45 34.6% 31.9 34.4% 31.7% 35
Slide 10: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) -17.4% 14 928 15 387 14 711 11 833 12 329 14,472 14,981 14,346 11,582 11,990 456 406 365 251 339 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Existing apartments Newly built apartments Source: Federation of Real Estate Agency HOUSING MARK
Slide 11: Mobility market & marketplaces update
Mobility market & marketplaces update MOBILITY MARKET UPDATE* (SOLD CARS) -2.1% 195 254 178 162 169 619 174 373 161 039 157,607 178,571 154,320 151,680 143,837 20,555 16,683 17,939 17,202 20,053 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Used cars Source: Information Centre of Road Transport *Only passenger cars
Slide 12: Alma News Media: Revenue up 1.2%, adjusted operating profit up 20.6%
Alma News Media: Revenue up 1.2%, adjusted operating profit up 20.6%, with a record 20.0% margin REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY DIGITAL/PRINT 50 45 (REVENUE CHANGE IN BRACKETS) 45 40 +0.4 -0.5 27.8 40 35 27.5 +0.5 Digital 18.2
Slide 13: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 06/2025–06/2026 25% 15% 5% -5% -15% -25% -35% P6 25 P7 25 P8 25 P9 25 P10 25 P11 25 P12 25 P1 26 P2 26 P3 26 P4 26 P5 26 P6 26 Advertising sales total, chg % Newspaper advertising, chg % Online advertising, chg % Source: Kanta
Slide 14: Solid financial position
SOLID FINANCIAL POSITION
Slide 15: Balanced financial position
Balanced financial position 400 120 NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q2/2023 – Q2/2026 350 100 82% 81% 80 300 71% INTEREST-BEARING NET DEBT, MEUR 4-6/2026 4-6/2025 52% 60 250 52% Interest-bearing long-term liabilities 132.8 162.9 43% 44% 46% 40 200 IFRS16 lease liabilities 22.8 27.9 1
Slide 16: Cash flow
Cash flow OPERATING CASH FLOW Q2/2023 – Q2/2026 (MEUR) OPERATING CASH FLOW BRIDGE Q2/2025 YTD – Q2/2026 YTD 3.0 44.5 2.5 25 2.6 -2.3 1.1 2.0 20 5.0 0.3 1.5 15.5 15.6 37.8 15 1.0 10.9 9.8 10 0.5 5 0.0 -0.5 0 Q2 2025 Adjusted Taxes paid Net interest Changes Other Q2 2026 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24
Slide 17: Investments
Investments 4 3 2 CAPEX, LEASES, M&A Q2/2023 – Q2/2026 DEPRECIATIONS Q2/2023 – Q2/2026 1 Leases 15 0 CAPEX -0.5 13 -1 -1.7 -1.6 -1.6 M&A -1.4 -2 -0.9 -1.2 10 -1.4 -1.6 -3 7 11 -1.8 -1.4 1 -4 -1.6 -3.5 5 3 -5 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2 23 23 23 24 24 24 24 25 25 25 25 26 26 3 1 2 1 0 0
Slide 18: Earnings per share
Earnings per share ROE & ROI (%) Q2/2023 – Q2/2026* EARNINGS PER SHARE Q2/2023 – Q2/2026 45 40.5 0.23 40 0.22 35 33.0 0.18 0.18 29.4 28.8 30 25 22.0 21.2 20 17.3 17.2 15 10 5 0 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1
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 12.1 >30% 26.4 24.6 25.1 <2.5x 23.8 24.1 >5% 1.6 1.6 1.5 5.0 4.6 1.3 1.2 2.5 -1.2 2022 2023 2024 2025 Q2 2026 2022 2023 2024 2025 Q2 2026 2022 2023 2024 2025 Q2 2026 LT
Slide 20: Operating environment
—_— OPERATING’ ENVIRONMENT
Slide 21: Update on Finnish business confidence and consumer confidence
10 15 20 25 30 -5 -50 -45 -40 -35 -30 -25 -20 -15 -10 0 5 01/19 04/19 07/19 10/19 01/20 04/20 07/20 10/20 01/21 04/21 Manufacturing 07/21 confidence 10/21 01/22 04/22 07/22 10/22 Construction 01/23 04/23 07/23 10/23 Services 01/24 04/24 Source: Confederation of Finnish Industries (EK) & Statistics F
Slide 22: GDP growth development in operating countries
GDP growth development in operating countries Finland Czech Republic Slovakia Croatia Sweden 14 6 4 2 0% -2 -4 -10% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Key operating countries Smaller operating countries 2020 2021 2022 2023 2024 2025 2026E 2027E 2020 2021 2022
Slide 23: Unemployment rate development in operating countries
Unemployment rate development in operating countries Finland Czech Republic Slovakia Croatia Sweden 18% 14% 10% 8% 6% 4% 2% 0% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Key operating countries Smaller operating countries 2020 2021 2022 2023 2024 2025 2026E 2027E 2020
Slide 24: Strategy and outlook
STRATEGY AND | a OUTLOOK ~ a ‘(+o ae j -. nee N b — ~ aa <saee ~= - ae sz mee es paca
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: 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 27: Strategy
Strategy 1 2 3 TRANSFORM GROW SCALE Strategy on Q2 2026 - Highlights • AI scaled across workflows, products and • Alma Account exceeded 3 million registered • Shared platforms and cloud capabilities customer solutions. users. improved scalability and efficiency. • Cloud, CRM and Career platform • AI
Slide 28: AI and data as strategic competitive advantages
AI and data as strategic competitive advantages Stage 3: • Unique data, trusted brands and domain expertise become more valuable with AI. New business Alma's market, audience and transaction data create models OPPORTUNITY advantages that generic AI models cannot easily replicate. • Embedded platform
Slide 29: Outlook for 2026
Outlook for 2026 Announced on 5 February 2026 Background for the outlook The outlook is based on an assessment according to which economic conditions in the Company’s main market areas are expected to remain broadly unchanged, although some Alma Media expects its full-year positive signals have been
Slide 30: Thank You! Questions?
Thank You! Questions? Upcoming events in the investor calendar: • Interim report for January–September 2026 on Thursday, 29 October 2026 30