Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q1 2026 Earnings Presentation
31 slides from Alma Media Oyj's earnings presentation, April 2026
Slide 1: Alma Media's Q1 2026: Profitability continued to strengthen
ALMA MEDIA’S Q1 2026: Profitability continued to strengthen, all segments improved their results
Slide 2: Q1 2026 Highlights
Q1 2026 Profitability continued to strengthen, all Highlights segments improved their results ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +4.9% 35 30 +18.6% 24.6% 76.2 79.2 83.1 30 25 21.2% 21.7% 25 20 20.4 20 17.2 16.1 15 15 10 10 5 5 0 0 Q1 2024 Q1 2025 Q1 2026 Q1 2024 Q1 2025 Q
Slide 3: Adjusted operating profit grew in all segments
Adjusted operating profit grew in all segments REVENUE Q1 2026 (MEUR) ADJUSTED OPERATING PROFIT Q1 2026 (MEUR) -0.4 83.1 +0.7 -0.1 -1.0 20.4 +3.2 +2.1 79.2 +1.2 17.2 +1.4 Q1 2025 Alma Alma Alma News Non- Q1 2026 Q1 2025 Alma Alma Alma News Non- Q1 2026 Career Marketplaces Media allocated Career Mark
Slide 4: Digital services and proactive portfolio management drove digital business to new high
Digital services and proactive portfolio management continued to drive digital business to new all time high REVENUE BY REVENUE CLASSES Q1 2026 (MEUR) SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* (REVENUE CHANGE IN BRACKETS) 90 84% 86% 86% 81% 82% 286 300 80 77% 281 Classified 33.3 2.3 (7.3%) 263 69%
Slide 5: Development by Business Segments
DEVELOPMENT BY BUSINESS SEGMENTS
Slide 6: Business segments
Business segments Q1 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 increased, adjusted operating profit grew by 14.4%
Alma Career: Revenue increased, driven by the Czech market, and adjusted operating profit grew by 14.4% SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 50 42.2% 42.3% 45 40.4% 40.1% 45 36.6% 40 27.9
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 9,163 9 000 8,962 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 increased by 11.8%
Alma Marketplaces: Revenue increased by 11.8%, and adjusted operating profit grew by 29.0% SEGMENT REVENUE BY REVENUE CLASSES REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 34.4% 50 31.7% 35 45 28.8% 30.1 28.8% 30 27.5% +0.6 40 +0.5
Slide 10: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) -10.7% 14 922 15 387 14 711 13 253 11 833 14,461 14,981 14,346 12,816 11,582 437 461 406 365 251 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 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) -0.5% 194 900 177 730 169 381 161 498 160 723 157,607 178,571 145,048 151,680 143,837 16,450 20,123 16,329 17,701 16,886 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Source: Information Centre of Road Transport Used cars *Only passenger cars
Slide 12: Alma News Media: adj. operating profit increased by 21.9%
Alma News Media: The strengthening of profitability continued, adj. operating profit increased by 21.9% SEGMENT REVENUE BY DIGITAL/PRINT REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) (REVENUE CHANGE IN BRACKETS) 50 45 45 25.8 40 -0.2 +0.1 40 35 -0.4 25.4 Digita
Slide 13: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 03/2025–03/2026 25% 15% 5% -5% -15% -25% P3 25 P4 25 P5 25 P6 25 P7 25 P8 25 P9 25 P10 25 P11 25 P12 25 P01 26 P02 26 P03 26 Advertising sales total, chg % Newspaper advertising, chg % Online advertising, chg % Source: Kantar
Slide 14: Solid Financial Position
SOLID FINANCIAL POSITION
Slide 15: Balanced financial position
Balanced financial position 350 120 NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q1/2023 – Q1/2026 100 300 80 250 INTEREST-BEARING NET DEBT, MEUR 1-3/2026 1-3/2025 59% 60% 54% 60 51% 53% Interest-bearing long-term liabilities 149.1 164.0 200 48% 46% 38% 40 IFRS16 lease liabilities 24.1 29.0 150 2
Slide 16: Strong cash flow
Strong cash flow OPERATING CASH FLOW Q1/2023 – Q1/2026 (MEUR) OPERATING CASH FLOW BRIDGE Q1/2025 YTD – Q1/2026 YTD 28.9 3.0 28.9 24.2 0.9 2.5 25 22.3 20.6 2.0 4.8 20 2.9 -2.1 1.5 22.3 0.1 15 1.0 10 0.5 5 0.0 -0.5 0 Q4 2025 Adjusted Taxes paid Net interest Changes Other Q1 2026 Q1/23 Q2/23 Q3/23 Q4/2
Slide 17: Investments
Investments 4 3 2 CAPEX, LEASES, M&A Q1/2023 – Q1/2026 DEPRECIATIONS Q1/2023 – Q1/2026 1 Leases 14 15 0 CAPEX 13 1 -1.0 -1 -1.7 -1.6 -1.6 M&A -1.5 -2 -0.9 -1.1 -1.2 10 -3 7 11 -1.7 -1.4 -1.6 -1.6 1 13 -4 5 3 -5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23 23 23 23 24 24 24 24 25 25 25 25 26 3 2 1 0 0 1
Slide 18: Earnings per share
Earnings per share ROE & ROI (%) Q1/2023 – Q1/2026* EARNINGS PER SHARE Q1/2023 – Q1/2026 45 40 35 0.19 30 27.2 0.14 0.14 2523.9 0.13 20 20.5 19.9 17.7 1513.9 12.9 13.1 10 5 0 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24
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% 25.1 25.8 <2.5x 24.1 24.6 23.8 >5% 1.6 1.6 1.5 4.6 4.8 1.3 1.0 2.5 -1.2 2022 2023 2024 2025 Q1 2026 2022 2023 2024 2025 Q1 2026 2022 2023 2024 2025 Q1 2026 LT
Slide 20: Operating Environment
OPERATING ENVIRONMENT
Slide 21: Challenging operating environment
Challenging operating environment Lagging Changing Increasing Geopolitical economic growth consumer behaviour regulation turbulence Recovery signals on horizon, Expectations for easy, time- Complex regulatory The uncertainty surrounding but long-term structural saving, and safe digital environment a
Slide 22: Update on Finnish business confidence and consumer confidence
Update on Finnish business confidence and consumer confidence Business Confidence of Finnish Industries Consumer Confidence Manufacturing Construction Services Retail trade 30 10 25 20 5 15 10 5 0 0 -5 -10 -5 -15 -20 -10 -25 -30 -35 -15 -40 -45 -50 -20 01/20 07/24 07/25 01/19 04/19 07/19 10/19 04/20
Slide 23: 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
Slide 24: 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 25: Strategy and Outlook
= > 76% a >). STRATEGY ¢ ‘& y AND OUTLOOK
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 • Increase operational agility to speed up time- to-market MARKETPLACES • Advance customer-centric, product-led Intelligent development with AI Shared INSIGHTS AUDIENCES 2 GROW DATA TECHNOLOG
Slide 28: 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 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: Outlook for 2026
Outlook for 2026 Announced on 5 February 2026 Background for the outlook The outlook is based on an assessment that the economies in the company’s main markets are expected to remain broadly unchanged, and market Alma Media expects its full-year uncertainty continues to persist. revenue of 2026 to r
Slide 31: Thank You! Questions?
Thank You! Questions? Upcoming events in the investor calendar: • Interim report for January–June 2026 on Wednesday, 12 August 2026 • Interim report for January–September 2026 on Thursday, 29 October 2026 33