Slide 1: Annual report 2025
26/02/2026 Annual report 2025 Annual Report 2025 Investor presentation 26 February 2026 1
Slide 2: Welcome
Welcome Disclaimer This presentation and related comments contains statements about the future, including expectations for 2026, which are inherently subject to risks and uncertainties that could cause actual results to differ Lasse Brodt Martin Tobberup materially from those expected. Group CEO Gro
Slide 3: Agenda
Agenda Changes to Board of Directors and 1. Group Executive Board 2. Status on business strategies - highlights 3. Group financial highlights 2025 4. Business highlights 2025 5. Group outlook 2026 Annual Report 2025 Investor presentation 26 February 2026 3
Slide 4: Nomination of Chairman of the Board
Nomination of Chairman of the Board Lasse Ingemann Brodt • Nominated as member and Chairman of the Board on ordinary AGM 10 April 2026 by majority shareholder • Will become non-independent member of the Board. Competencies and knowledge are deemed essential for continuous development of the Group •
Slide 5: Appointment of new Group Executive Director
Appointment of new Group Executive Director Martin Frandsen Tobberup • Takes up position as Group Executive Director 10 April 2026 and continues as Group CDO • Member of North Media Group Executive Board since October 2023. Joined North Media (BoligPortal) in 2020 • ~20 years of experience from larg
Slide 6: Appointment of Group CFO
Appointment of Group CFO Christian Deichmann • Currently CFO of Saint-Gobain Distribution Denmark • 25+ years of financial experience from Danish and international private sector companies • Extensive experience with management, corporate strategy, M&A and IT • Member of North Media Group Executive
Slide 7: Status on business strategies - highlights
Status on business strategies - highlights 1 2 SDR successful completion of roll- FK Distribution adapted and out of automated sorting, packing future-proofed business model to and distribution of leaflets in expected changes in product mix Sweden 3 4 BoligPortal continued developing Bekey’s first p
Slide 8: Group financial highlights 2025
Group financial highlights 2025 Revenue, DKKm EBITDA, DKKm EBITDA margin, % EBIT, DKKm 66 (2024: -75) 1,296 125 9.6 (2024: 1,301) (2024: 154) (2024: 11.8) Digital 2025 Digital 2025* Capital resources, DKKm Services Services 13% 7% (13%) (0%) 2024 2024* 927 Last Last (2024: 893) Mile Mile 87% 93% (87
Slide 9: Last mile: SDR integration ongoing. FK development as expected
Last mile Revenue SDR integration ongoing. FK DKKm 800 700 -1% development as expected 600 500 400 757 744 300 200 381 388 • Roll-out of technologies to sort, pack and distribute leaflets 100 0 in Sweden completed. Continued adjustment and 2024 2025 optimisation of business model. EBITDA • 2% SDR re
Slide 10: Digital services: Topline growth in BoligPortal. Reduced loss in Dayli and Bekey
Digital services Revenue Topline growth in BoligPortal. DKKm 120 +1% 100 Reduced loss in Dayli and Bekey 80 60 116 111 40 • BoligPortal realised 4% revenue increase driven by more 20 30 23 26 23 0 revenue streams. Earnings impacted by higher fixed costs, 2024 2025 mainly for continued business devel
Slide 11: Group outlook 2026
Group outlook 2026 Main assumptions Revenue, DKKm • Continuation of the stabilised economic development from 2025 and with 1,267-1,333 improved consumer confidence for purchase of goods and rental housing. • An expected leaflet volume decline of ~5% and of ~15% for local newspapers in FK Distributio
Slide 12: Q&A
Q&A Annual Report 2025 Investor presentation 26 February 2026 12
Slide 13: Thank you for joining
Thank you for joining Coming events AGM 10 April 2026 Q1 Interim 12 May 2026 Report Q2 Interim 20 August 2026 Report Q3 Interim 4 November Report 2026 Annual Report 2025 Investor presentation 26 February 2026 13
Slide 14: Appendix
Appendix Annual Report 2025 Investor presentation 26 February 2026 14
Slide 15: P&L North Media
P&L North Media Financial results (DKKm) 2025 2024 Revenue 1.296,0 1,301.4 Gross profit 604,1 624.7 EBITDA 124,6 153.5 Amortisations and depreciations, etc. 58,4 228.4 EBIT 66,2 -74.9 Return on securities 15,6 217.4 Financials, net -7,1 -6.2 Profit/loss before tax 75,1 135.8 Tax -21,0 -63.3 Net prof
Slide 16: Group quarterly revenue
Group quarterly revenue Annual Report 2025 Investor presentation 26 February 2026 16
Slide 17: Group quarterly EBITDA
Group quarterly EBITDA Annual Report 2025 Investor presentation 26 February 2026 17
Slide 18: Group quarterly EBIT
Group quarterly EBIT Annual Report 2025 Investor presentation 26 February 2026 18