Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q3 2025 Earnings Presentation
32 slides from Alma Media Oyj's earnings presentation, Oct 1, 2025
Slide 1: Alma Media's Q3 2025: Steady growth in digital services
ALMA MEDIA’S Q3 2025: Steady growth in digital services – revenue increased by 5.4% and adjusted operating profit grew by 3.8%
Slide 2: Digital business and portfolio development driving profitable growth
Q3 2025 Digital business and portfolio development Highlights driving profitable growth ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +5.4% 35 27.9% 29.1% 28.6% 30 73.4 75.2 79.3 30 +3.8% 25 25 21.9 22.7 20 20.5 20 15 15 10 10 5 5 0 0 Q3 2023 Q3 2024 Q3 2025 Q3 2023 Q3 2024 Q3 2025
Slide 3: Acquisitions supported revenue growth in subdued market conditions
Acquisitions supported revenue growth in subdued market conditions REVENUE Q3 2025 (MEUR) ADJUSTED OPERATING PROFIT Q3 2025 (MEUR) 79.3 0.0 -0.1 +0.3 -0.3 22.7 +4.1 +1.2 21.9 75.2 -0.3 -0.1 Q3 2024 Alma Alma Alma News Non- Q3 2025 Q3 2024 Alma Alma Alma News Non- Q3 2025 Career Marketplaces Media al
Slide 4: Digital services and active product portfolio management drove digital business to an all-time high
Digital services and active product portfolio management drove digital business to an all-time high REVENUE BY REVENUE CLASSES Q3 2025 (MEUR) SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* (REVENUE CHANGE IN BRACKETS) 90 84% 85% 81% 82% 300 80 77% 276 Classified 32.0 1.3 (4.1%) 263 69% 250 251 70 63% 6
Slide 5: Development by Business Segments
DEVELOPMENT BY BUSINESS SEGMENTS
Slide 6: Business segments
Business segments Q3 2025 ALMA CAREER ALMA MARKETPLACES ALMA NEWS MEDIA Vesa-Pekka Kirsi Santtu Elsinen Juha-Petri Loimovuori Leading job boards in 9 CEE Leading marketplaces in real Leading digital news media in countries. Recruitment estate, mobility and business the Finnish market. Pioneer in adv
Slide 7: Alma Career: Revenue on par, development costs weighing on adjusted operating profit
Alma Career: Revenue on par, development costs weighing on the adjusted operating profit SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 50 43.2% 42.2% 42.3% 45 40.4% 45 36.6% 40 26.3 40 +0.3 -0.2 26
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 8,994 9 000 8,848 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 16.9% organically
Alma Marketplaces: Revenue grew by 16.9% organically and supported by acquisitions, adj. EBIT continued to improve SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 50 40 35.3% 34.4% 28.6 45 35 40 28.8
Slide 10: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) +13.1% +10.7% 5 338 5 063 4 951 4 977 4 592 4 720 4 783 4 763 4 262 4 355 4 069 3 967 2 999 4 859 4 782 4 852 5 209 4 452 4 556 4 622 4 637 4 061 3 873 4 253 3 608 2 888 P09 23 P10 23 P11 23 P12 23 P01 24 P02 24 P03 24 P04
Slide 11: Mobility market & marketplaces update
Mobility market & marketplaces update MOBILITY MARKET UPDATE* (SOLD CARS) +8.0% -3.6% 61 833 64 673 63 346 60 812 60 019 58 628 60 093 57 217 56 921 53 343 52 835 54 082 50 975 53 428 52 466 56 800 53 393 59 387 57 450 46 750 44 482 46 450 54 072 50 953 48 420 50 839 P09 23 P10 23 P11 23 P12 23 P01
Slide 12: Alma News Media: Revenue on par, profitability continued to improve
Alma News Media: Revenue on par, profitability continued to improve 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 40 +0.2 -0.1 24.6 35 24.6 Digital 15.5 0.8 (5.2%) 35 0.0 30 29.2 30 27.5
Slide 13: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 09/2024–09/2025 25% 15% 5% -5% -15% -25% P9 24 P10 24 P11 24 P12 24 P1 25 P2 25 P3 25 P4 25 P5 25 P6 25 P7 25 P8 25 P9 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 (%) Q3/2022 – Q3/2025 450 150 400 81% 82% 81% 100 350 69% 73% 70% 71% 59% 65% 60% 60% 60% 300 54% 50 250 46% 48% 43% 46% 46% 46% 44% 46% 49% 51% 46% 49% 42% 200 0 150 100 -50 154 143 160 151 146 169 155 140 159 145 128 138 1
Slide 16: Solid cash flow
Solid cash flow OPERATING CASH FLOW Q3/2022 – Q3/2025 (MEUR) OPERATING CASH FLOW BRIDGE Q3/2024 YTD – Q3/2025 YTD 24.2 3.0 22.3 59.3 21.2 21.5 20.6 2.6 2.5 19.6 20 17.2 17.7 17.5 4.6 2.0 15.5 52.6 -7.3 5.3 13.0 15 1.5 1.5 10.9 9.8 1.0 10 0.5 5 0.0 -0.5 0 Q3 2024 Adjusted Taxes paid Net interest Chan
Slide 17: Investments
Investments 4 3 2 CAPEX, LEASES, M&A Q3/2022 – Q3/2025 DEPRECIATIONS Q3/2022 – Q3/2025 1 Leases 18 0 16 CAPEX 16 -1.6 14 -1 -1.7 -1.7 -1.7 M&A 1 14 13 1 -2 -0.7 -0.9 -1.2 12 -1.4 10 10 -3 -1.8 -1.7 -1.6 8 4 7 -4 -1.6 11 14 6 1 13 6 5 5 1 4 4 -5 4 3 2 1 3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 7 1 1
Slide 18: Earnings per share
Earnings per share ROE & ROI (%) Q3/2022 – Q3/2025* EARNINGS PER SHARE Q3/2022 – Q3/2025 45 0.23 40.7 40 0.20 0.20 0.20 34.4 0.19 35 32.3 0.18 0.18 0.18 31.1 30 0.15 0.14 0.14 25 0.13 0.13 18.6 19.0 17.9 18.5 20 15 10 5 0 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25
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 24.9 <2.5x 23.8 24.1 12.1 22.2 1.6 1.6 1.5 1.5 >5% 4.5 2.5 -1.2 2021 2022 2023 2024 Q3 2025 2021 2022 2023 2024 Q3 2021 2022 2023 2024 Q3 2025 LTM 20
Slide 20: Operating Environment
OPERATING ENVIRONMENT
Slide 21: Update on Finnish business confidence and consumer confidence
-60 -50 -40 -30 -20 -10 0 10 20 30 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Manufacturing Oct-20 Jan-21 confidence Apr-21 Jul-21 Oct-21 Jan-22 Construction Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Services Jul-23 Source: Confederation of Finnish Industries (EK) & Statistics Finland (Tilastokeskus)
Slide 22: GDP development in operating countries
GDP development in operating countries GDP growth-% of operating countries for Alma, 2012–2026E Finland Czech Republic Slovakia Croatia Sweden Estonia 15% 10% 5% 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E 2026E -5% -10% Key operating countries Smaller operating countri
Slide 23: Challenging operating environment
Challenging operating environment Lagging Changing Increasing Geopolitical economic growth consumer behaviour regulation turbulence Positive recovery signals on Expectations for easy, time- Complex regulatory The uncertainty surrounding horizon, but long-term saving, and safe digital environment and
Slide 24: Strategy and Outlook
STRATEGY AND OUTLOOK
Slide 25: 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 26: 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 27: 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 28: 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 29: 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 30: Steps forward in leveraging AI for product innovation
Steps forward in leveraging AI for product innovation • Atmoskop now offers automatic summaries of employee feedback • Career page content generation in Teamio ALMA • Automated video subtitles in Seduo CAREER • Jobly Vibes, AI assisted recruiting concept • Semantic search on Etuovi • Edilex AI, inte
Slide 31: Outlook for 2025
Outlook for 2025 Announced on 14 October2025 Background for the outlook The outlook is based on the assessment that national economies in Alma Media’s key market areas are expected to recover, although market uncertainty Alma Media estimates that the persists. Fluctuations in the global revenue and
Slide 32: Thank You! Questions?
Thank You! Questions? Upcoming events in the investor calendar: • Financial Statements Bulletin for the financial year 2025 on Thursday, 5 February 2026 • Interim report for January–March 2026 on Wednesday, 29 April 2026 • Interim report for January–June 2026 on Wednesday, 12 August 2026 • Interim r