Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q1 2026 Earnings Presentation
40 slides from Alma Media Oyj's earnings presentation, April 2026
Slide 1: IR presentation
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Slide 2: Alma in Figures (FY 2025)
Alma in Figures (FY 2025) Revenue Digital business Adj. operating Adj. Operating profit profit % 327 86% 82 25% 40/60 MEUR MEUR abroad / in Finland % of employees ROE Dividend proposal Alma’s media ROI Equity ratio of reach about 23% 15% 53% 0.48 89% euros per share of Finns weekly TSR 594% 1 650 c.
Slide 3: FY2025 Digital business and portfolio development driving profitable growth
FY2025 Digital business and portfolio development Highlights driving profitable growth ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +4.6% 120 +6.8% 30 327.1 24.1% 24.6% 25.1% 304.9 312.7 100 25 82.1 76.9 80 73.6 20 60 15 40 10 20 5 0 0 2023 2024 2025 2023 2024 2025 • Solid performa
Slide 4: Q1 2026 Profitability continued to strengthen, all segments improved their results
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 5: 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 6: Alma Career: Revenue increased, driven by the Czech market
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 7: 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 8: Alma Marketplaces: Revenue increased by 11.8%, adjusted operating profit grew by 29.0%
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 9: 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 10: 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 11: Continuing the renewal of portfolio – net investments over MEUR 200
Continuing the renewal of portfolio – net investments over MEUR 200 to digital transformation and growth INVESTMENTS OF WITH A STRONG FOCUS ON DIGITAL BUSINESS AutoJerry Suomen Tukkuautot Alma Mediapartners (35%) Techloop Netello (40%) Toimitilat.fi Netwheels Edilex Katsastushinnat.fi Etua.fi (40%)
Slide 12: Solid financial position
SOLID FINANCIAL POSITION
Slide 13: 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 14: 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 15: 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 16: 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 17: 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 18: Total Shareholder Return 2016-2025
Total Shareholder Return 2016-2025 Total shareholder return 2016 - 2025, % Alma Media Includes dividends +594% OMXHGI +43% 30/12/2015 1/1/2016 30/12/2017 30/12/2019 30/12/2021 30/12/2023 30/12/2025 ALMA OMXHPI (norm vs ALMA) 18
Slide 19: Operating environment
OPERATING ENVIRONMENT
Slide 20: 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 21: 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 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
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: 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 25: 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 26: 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 27: Ukrainian crisis
Ukrainian crisis • Russia’s aggressive invasion to Ukraine brought severe economic and business consequences: • Significantly higher energy prices and inflation • Lower economic growth in Europe • Increased volatility and insecurity • Disruptions in financial markets and supply chains due to sanctio
Slide 28: Sustainability targets and results 2025
Sustainability targets and results 2025 28
Slide 29: Strategy and outlook
STRATEGY AND OUTLOOK
Slide 30: 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 31: Versatile revenue sources, business cyclicity varies
Versatile revenue sources, business cyclicity varies Revenue source Share of revenue Highest cyclicity 19% Advertising 39% Classifieds 7% Other Digital services 21% Content sales 16% Lowest cyclicity Q2 2024 2025 Figures might not add to a 100% due to rounding 31
Slide 32: 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 33: 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 34: 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 35: 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 36: Steps forward in leveraging AI for product innovation
Steps forward in leveraging AI for product innovation • Atmoskop: automatic summaries of employee feedback • Career page content generation in Teamio ALMA • Automated video subtitles in Seduo • Jobly Vibes, AI assisted recruiting concept (Top 3 in its category in the Finnish AI CAREER Gala) • Award-
Slide 37: 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 38: 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 38
Slide 39: Closing remarks
Closing remarks • Digital transformation has led to a well-balanced and synergistic business mix and to market leadership in chosen areas • The digital journey continues towards integrating platforms • Leveraging the best of current Alma Career products by expanding into new markets: building one un
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