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ALMA MEDIA’S Q2 2026: Strong profitability with all segments improving results
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Strong profitability with all segments improving results • Alma Media delivered continued growth and improved profitability in Q2 • Revenue grew 5.0% to over MEUR 87.9, at the level of the growth rate set in the Group’s long-term financial targets. Organic growth, excluding acquired and divested businesses and at local currencies, grew 4.1%. • Adjusted operating profit climbed to MEUR 24.4 with margin of 27.7%. • Digital services a major driver behind the adjusted operating profit growth. • The share of digital business up to over 87% of total revenue. • The financial position remained strong; leverage (rolling 12 month) at 1.2 and equity ratio at 52.4%. Q2 2026 Highlights 2 REVENUE (MEUR) ADJUSTED OPERATING PROFIT (MEUR) (% OF REVENUE) Q2 2024 Q2 2025 Q2 2026 80.1 83.7 87.9 +5.0% 0 5 10 15 20 25 30 0 5 10 15 20 25 30 35 24.2% Q2 2024 25.2% Q2 2025 27.7% Q2 2026 19.4 21.1 24.4 +15.6%
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Adjusted operating profit grew in all segments 3 REVENUE Q2 2026 (MEUR) ADJUSTED OPERATING PROFIT Q2 2026 (MEUR) Q2 2025 +1.5 Alma Career +2.7 Alma Marketplaces +0.3 Alma News Media -0.3 Non- allocated operations Q2 2026 83.7 87.9 Q2 2025 +0.6 Alma Career +2.6 Alma Marketplaces +1.0 Alma News Media -0.8 Non- allocated operations Q2 2026 21.1 24.4
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Digital services and proactive portfolio management contributed to the growth Notes: * Continuing operations 4 SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* REVENUE BY REVENUE CLASSES Q2 2026 (MEUR) (REVENUE CHANGE IN BRACKETS) 125 146 160 165 158 212 250 251 263 281 290 0 10 20 30 40 50 60 70 80 90 0 50 100 150 200 250 300 61% 2016 53% 2017 59% 2018 66% 2019 69% 2020 77% 2021 81% 2022 82% 2023 84% 2024 86% 2025 87% 2026 Q2 LTMRevenue from digital business Share of digital revenue 34.5Classified 19.1Digital services 16.6Advertising 13.1Content 4.6Other 2.3 (7.1%) 2.3 (13.6%) 0.4 (2.6%) 0.4 (3.0%) -1.2 (-20.6%)
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DEVELOPMENT BY BUSINESS SEGMENTS
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Business segments Q2 2026 Leading digital news media in the Finnish market. Pioneer in paid digital content and a leader in digital advertising. Leading job boards in eight CEE countries. Recruitment advertising, EB, career development and staffing. Leading marketplaces in real estate, mobility and business premises. Comparison services and B2B services. ALMA CAREER Vesa-Pekka Kirsi ALMA NEWS MEDIA Juha-Petri Loimovuori ALMA MARKETPLACES Santtu Elsinen Revenue MEUR 28.5 EBIT MEUR 12.0 EBIT margin 42.0% Digital 97.2% Revenue MEUR 31.9 EBIT MEUR 11.0 EBIT margin 34.6% Digital 96.9% Revenue MEUR 27.8 EBIT MEUR 5.6 EBIT margin 20.0% Digital 65.3% 6
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Alma Career: Revenue up 5.5% and adjusted operating profit up by 4.9%, driven by strong performance in the Czech market 7 Business development in Q2: o Revenue increased by 5.5% to MEUR 28.5 (in local currencies up by 4.1%). o Adjusted operating profit up by 4.9% to MEUR 12 with the stable margin of 42.0%. o Invoicing in comparable currencies increased by 3.5%, supported by positive development particularly in Czechia. o Adjusted expenses up 5.7% to MEUR 16.6; personnel costs continued to decline, partly offset by higher IT and development costs. REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES (REVENUE CHANGE IN BRACKETS) 0 5 10 15 20 25 30 35 40 45 50 55 0 5 10 15 20 25 30 35 40 45 50 42.2% Q2 25 42.3% Q3 25 40.4% Q4 25 40.1% Q1 26 42.0% Q2 26 27.0 11.4 26.2 11.1 26.4 10.7 27.9 11.2 28.5 12.0 Adjusted EBIT-% Revenue Adjusted EBIT Q2 2025 +0.1 Career North +1.7 Career Central -0.2 Career South Q2 2026 27.0 28.5 23.6Classified 2.9Digital services 1.1Other 0.8Advertising 1.5 (6.7%) 0.2 (6.8%) -0.1 (-8.6%) -0.1 (-10.8%)
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Invoicing & revenue recognition in Alma Career, rolling 12 months 8 KPIs (monthly averages in thousands) 4-6/ 2026 4-6/ 2025 1-12/ 2025 Unique visitors 5,633 5,798 5,860 Users with job alerts 2,217 2,090 2,110 Number of paid job ads 97 101 93 9,085 9,234 07/22 01/23 07/23 01/24 07/24 01/25 07/25 01/26 6 000 6 500 7 000 7 500 8 000 8 500 9 000 9 500 10 000 01/2210/21 04/22 10/22 04/23 10/23 04/24 10/24 04/25 10/25 04/26 07/26 7 876 6 847 Revenue Invoicing Rolling 12 months, EURk
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Alma Marketplaces: Revenue up 9.2% and adjusted operating profit up by 31.1%, with growth across all business units 9 Business development in Q2: o All businesses contributed to the growth. o Revenue rose by 9.2% to MEUR 31.9. The organic growth up by 6.7%. Digital service revenue soared by 15.2%. o In Real Estate, revenue grew by 14.8%. Classified revenue increased by 12.4%, driven by broad-based growth across all business units, particularly in Sweden. Digital housing transactions continued to gain popularity. o Mobility revenue up 5.0%; classifieds grew 5.6% and digital services 5.2% through ongoing product development and productisation. o Insights revenue grew by 1.1%, licence-based revenue continued to grow, offsetting the decline in one-off and print sales. o Comparison Services revenue expanded by 25.3%, driven by the acquisition of Effortia. REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES (REVENUE CHANGE IN BRACKETS) 0 5 10 15 20 25 30 35 40 0 5 10 15 20 25 30 35 40 45 50 28.8% Q2 25 34.4% Q3 25 28.8% Q4 25 31.7% Q1 26 34.6% Q2 26 29.2 8.4 28.6 9.8 30.4 8.7 30.1 9.5 31.9 11.0 Adjusted EBIT-% Revenue Adjusted EBIT Q2 2025 +1.6 Real estate +0.5 Mobility +0.5 Comp. Services +0.1 Insights Q2 2026 29.2 31.9 16.2Digital services 10.9Classified 2.9Advertising 1.9Other 2.1 (15.2%) 0.9 (9.5%) 0.1 (3.7%) -0.5 (-20.2%)
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Housing market & marketplaces update Notes: * The figures include the housing market services: Etuovi, Vuokraovi, Objektvision, Kauppalehti Toimitilat and Toimitilat.fi.** Visitor figures are based on the Finnish Internet Audience Measurement (FIAM). FIAM is the industry standard for digital media measurement in Finland. The measurement method is based on a computational algorithm that includes statistical uncertainty. The calculation method of the algorithms is continuously being developed, which may cause discontinuities in how the data is presented between different reporting periods. The figures presented represent the best available estimate of the reach of the services. 10 Source: Federation of Real Estate Agency 236 245 0 50 100 150 200 250 10 20 30 40 50 60 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 +3.9% HOUSING MARKETPLACES: ACTIVE LISTINGS* & UNIQUE VISITORS** HOUSING MARKET UPDATE (SOLD APARTMENTS) 956 1,044 10 20 30 40 50 60 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 +9.2% Housing, Average weekly reach in thousands 14,472 14,981 14,346 11,582 11,990 456 Q2/25 406 Q3/25 365 Q4/25 251 Q1/26 339 Q2/26 14 928 15 387 14 711 11 833 12 329 -17.4% Existing apartments Newly built apartments Housing, Average monthly active listing in thousands
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Mobility market & marketplaces update Notes: ** The figures include the mobility market services: Nettiauto, Nettikaravaani, Nettikone, Nettimoto, Nettivaraosa, Nettivene and Autotalli.*** Visitor figures are based on the Finnish Internet Audience Measurement (FIAM). FIAM is the industry standard for digital media measurement in Finland. The measurement method is based on a computational algorithm that includes statistical uncertainty. The calculation method of the algorithms is continuously being developed, which may cause discontinuities in how the data is presented between different reporting periods. The figures presented represent the best available estimate of the reach of the services. 11 Source: Information Centre of Road Transport *Only passenger cars included MOBILITY MARKET ACTIVE LISTINGS** & UNIQUE VISITORS*** 20,555 16,683 17,939 17,202 20,053 157,607 178,571 151,680 143,837 154,320 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 178 162 195 254 169 619 161 039 174 373 -2.1% Used cars Newly registered cars MOBILITY MARKET UPDATE* (SOLD CARS) 234 216 -10 0 10 20 30 50 100 150 200 250 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 -7.5% Mobility, Average monthly active listing in thousands 904 1,008 10 20 30 40 50 60 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 +11.6% Mobility, Average weekly reach in thousands
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Alma News Media: Revenue up 1.2%, adjusted operating profit up 20.6%, with a record 20.0% margin 12 Business development in Q2: o Revenue up 1.2% (2.6% excluding divestments); digital business share increased to 65.3%. o Content revenue increased by 3.0%, as strong digital growth (+9.3%) more than offset declining print revenues. o Advertising revenue up 3.8%; digital advertising grew, while print advertising held steady. o The adjusted operating profit demonstrated a 20.6% hike to MEUR 5.6 – active product portfolio management was a key driver. 10th consecutive improvement q-on-q. o Cost discipline continued, with adjusted expenses down 2.8% and stable on a comparable basis. o High demand for journalism continued: digital subscriptions climbed to 239K in total. REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY DIGITAL/PRINT (REVENUE CHANGE IN BRACKETS) 0 5 10 15 20 25 30 35 40 45 0 5 10 15 20 25 30 35 40 45 50 16.8% Q2 25 17.3% Q3 25 18.9% Q4 25 14.4% Q1 26 20.0% Q2 26 27.5 4.6 24.6 4.3 28.3 5.3 25.4 3.7 27.8 5.6 Adjusted EBIT-% Revenue Adjusted EBIT Q2 2025 +0.5 Advertising +0.4 Content -0.5 Other Q2 2026 27.5 27.8 18.2Digital 7.8Print 1.8Other 0.6 (3.5%) -0.2 (-2.8%) 0.1 (8.2%)
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The Finnish advertising market update 13 MONTHLY CHANGE IN MEDIA ADVERTISING 06/2025–06/2026 -35% -25% -15% -5% 5% 15% 25% 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: Kantar TNS
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SOLID FINANCIAL POSITION
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Balanced financial position 15 o Alma Media has a commercial paper program of MEUR 100 in Finland. At the end of June 2026, MEUR 10 of commercial papers were issued. o In Q2, loan repayments were related to the repayments of a term loan of MEUR 15 and finance lease liabilities of MEUR 2. o In May 2026, Alma Media renewed its Term Loan interest rate hedge, replacing two derivatives (MEUR 50, maturing Dec 2027; MEUR 30, maturing Aug 2027) with a single MEUR 60 fixed-rate derivative maturing Dec 2028. The new agreement carries forward the fair value of the terminated derivatives at the termination date. o Average interest rate was 2.9% (2.8%) in Q2. INTEREST-BEARING NET DEBT, MEUR 4-6/2026 4-6/2025 Interest-bearing long-term liabilities 132.8 162.9 IFRS16 lease liabilities 22.8 27.9 Loans from financial institutions 110.0 135.0 Short-term interest-bearing liabilities 18.0 31.2 IFRS16 lease liabilities 8.0 7.2 Commercial papers 10.0 24.0 Cash and cash equivalents 25.7 35.6 Interest-bearing net debt 125.1 158.5 NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q2/2023 – Q2/2026 160 169 159 125 -60 -40 -20 0 20 40 60 80 100 120 0 50 100 150 200 250 300 350 400 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 43% 44% 46% 52% Q2 23 Q3 23 Q4 23 82% 81% 71% Q1 24 52% Gearing Equity ratio Net debt
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Cash flow 16 o Cash flow from operating activities was MEUR 15.6 (15.5) in Q2. o Operating result was strong. Cash flow was strong in Q1 but moderate in Q2, due to normal seasonal timing in working capital. Combined, cash flow for the two quarters remains strong. o After investments, cash flow before financing was MEUR 14.7 (13.8) in Q2, incl. investments in tangible and intangible assets. OPERATING CASH FLOW Q2/2023 – Q2/2026 (MEUR) OPERATING CASH FLOW BRIDGE Q2/2025 YTD – Q2/2026 YTD 5 10 15 20 25 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 0 3.0 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 9.8 10.9 15.5 15.6 Q2/23 Q2 2025 YTD 5.0 Adjusted EBITDA -2.3 Taxes paid 0.3 Net interest paid 1.1 Changes in working capital 2.6 Other Q2 2026 YTD 37.8 44.5
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Investments 17 o Investments in Q2 of 2026 totaled MEUR 0.9 (1.6), consisting of maintenance and product development investments and other increases in PPE. o Capex to support the strategy in developing digital industry solutions and expanding our services in customer's value-chain and additions to right-of-use assets in accordance with IFRS 16. o Amortisation of intangible assets arising from business acquisitions will decrease in 2026, as some items will be fully amortised and the amortisation will end, resulting in an impact of MEUR 4 compared to 2025. CAPEX, LEASES, M&A Q2/2023 – Q2/2026 DEPRECIATIONS Q2/2023 – Q2/2026 3 2 0 1 3 11 1 1 0 5 10 15 Q2 23 Q3 23 Q4 23 Q1 24 0 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 7 13 2 1 Leases CAPEX M&A -5 -4 -3 -2 -1 0 1 2 3 4 -1.7 -0.9 -1.8 Q2 23 Q3 23 Q4 23 Q1 24 -1.6 -1.2 -1.4 Q2 24 Q3 24 Q4 24 Q1 25 -1.6 -1.4 -1.6 Q2 25 Q3 25 Q4 25 Q1 26 -0.5 -1.4 -1.6 Q2 26 -3.5 Purchase price allocation (PPA) Depreciation on tangible and intangible assets Depreciations on financial lease
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Earnings per share Notes: *Includes adjusted items 18 o Earnings per share: 0.22 (0.18) EUR. o Adjusted items: MEUR -0.2 (-1.2). o In Q2, a negative fair value change of MEUR 0.3 (negative MEUR 0.2) was recognised on an interest rate derivate agreement. ROE & ROI (%) Q2/2023 – Q2/2026* EARNINGS PER SHARE Q2/2023 – Q2/2026 0 5 10 15 20 25 30 35 40 45 40.5 22.0 Q2 23 Q3 23 Q4 23 Q1 24 29.4 17.3 Q2 24 Q3 24 Q4 24 Q1 25 28.8 17.2 Q2 25 Q3 25 Q4 25 Q1 26 33.0 21.2 Q2 26 ROE ROI 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 0.220.23 0.18 0.18
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Alma Media’s long-term financial targets* Notes: Dividend target is not included in Long-Term Financial Targets, though it is disclosed separately in Alma Media's dividend policy. However, Alma Media has not changed the target:Payout ratio > 50 % * EPS. 19 >30% <2.5x REVENUE GROWTH (%) ADJUSTED OPERATING PROFIT (%)* NET DEBT/EBITDA RATIO* >5.0% 2022 2023 2024 2025 Q2 2026 LTM 12.1 -1.2 2.5 4.6 5.0 2022 2023 2024 2025 Q2 2026 LTM 23.8 24.1 24.6 25.1 26.4 2022 2023 2024 2025 Q2 2026 LTM 1.6 1.6 1.5 1.3 1.2 Revenue Growth (%) Target Level >5% Adjusted Operating Profit (%) Target Level >30% Net Debt/EBITDA Ratio Target Level <2.5x <2.5x >30% >5% *Adjusted EBITDA, rolling 12 months*Rolling 12 months
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OPERATING ENVIRONMENT
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Update on Finnish business confidence and consumer confidence Source: Confederation of Finnish Industries (EK) & Statistics Finland (Tilastokeskus) 21 Business Confidence of Finnish Industries Consumer Confidence 01/22 04/22 07/22 10/22 01/23 04/23 07/23 10/23 01/19 04/19 04/24 07/19 07/24 10/19 10/24 01/20 01/25 01/24 04/25 07/20 07/25 10/20 10/25 01/21 01/26 04/21 04/26 04/20 -50 07/21 -40 -35 -30 -25 -20 -15 -10 -5 -45 5 10 15 20 25 30 07/26 10/21 0 Manufacturing Construction Services Retail trade 07/19 10/19 01/20 04/20 07/20 10/20 01/21 01/19 04/21 07/21 10/21 01/22 04/22 07/22 10/22 01/23 04/23 04/24 04/25 07/23 07/25 07/24 10/25 01/24 01/26 10/24 04/26 10/23 -20 04/19 -10 -5 0 5 10 07/26 01/25 -15
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GDP growth development in operating countries Notes: European Commission 11/2025 & Country specific official agencies 22 0% 6 14 -10% -4 -2 2 4 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Finland Czech Republic Slovakia Croatia Sweden 2020 2021 2022 2023 2024 2025 2026E 2027E Finland -2.4% 2.8% 1.3% -1.0% -0.1% 0.2% 0.8% 1.4% Czech Republic -5.5% 3.5% 2.4% -0.2% 1.1% 2.6% 1.8% 2.4% Slovakia -3.3% 4.8% 1.8% 1.1% 2.1% 0.8% 0.8% 1.5% Croatia -8.5% 13.0% 7.0% 3.1% 3.9% 3.4% 2.7% 2.5% Sweden -2.8% 4.8% 2.8% -0.2% 1.0% 1.5% 1.8% 2.2% Key operating countries 2020 2021 2022 2023 2024 2025 2026E 2027E Latvia -2.5% 6.7% 3.4% -0.3% -0.4% 2.1% 1.4% 1.6% Lithuania 0.0% 6.0% 4.8% -0.3% 2.8% 2.9% 3.0% 2.1% Bosnia & Herz -3.0% 7.4% 3.8% 1.6% 2.6% 2.1% 2.3% 2.8% North Macedonia -4.7% 4.5% 2.2% 1.0% 2.9% 3.5% 2.9% 2.9% Estonia -1.0% 7.2% -0.5% -3.0% -0.3% 0.6% 1.6% 1.7% Smaller operating countries
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Unemployment rate development in operating countries Notes: European Commission & IMF 23 2% 4% 6% 8% 10% 14% 18% 0% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026 20272024 2020 2021 2022 2023 2024 2025 2026E 2027E Finland 7.7% 7.7% 6.8% 7.2% 8.4% 9.7% 10.1% 9.8% Czech Republic 2.6% 2.8% 2.2% 2.6% 2.6% 2.8% 3.1% 3.2% Slovakia 6.7% 6.8% 6.1% 5.8% 5.3% 5.4% 5.7% 5.7% Croatia 7.4% 7.5% 6.8% 6.1% 5.0% 4.9% 4.8% 4.8% Sweden 8.5% 8.9% 7.5% 7.7% 8.4% 8.8% 8.5% 7.9% Key operating countries 2020 2021 2022 2023 2024 2025 2026E 2027E Latvia 8.1% 7.6% 6.9% 6.5% 6.9% 6.9% 6.8% 6.7% Lithuania 8.5% 7.1% 6.0% 6.9% 7.1% 6.9% 6.7% 6.7% Bosnia & Herz 15.9% 14.9% 12.7% 10.7% 10.7% 12.2% 12.6% 12.5% North Macedonia 16.6% 15.8% 14.5% 13.2% 13.4% 11.5% 11.0% 10.5% Estonia 6.9% 6.2% 5.6% 6.4% 7.6% 7.5% 7.1% 6.8% Smaller operating countries Finland Czech Republic Slovakia Croatia Sweden
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STRATEGY AND OUTLOOK
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Alma Media’s transformational journey 25 Exploiting paradigm changes in technology and consumer behaviour Print Digital AI Media - 2000 2000 - 2020 2020 > Integrating Platforms Media and Services • Print the main media channel • Timely start for print to digital transformation • Expanding our role in value chains • Streamlining customer processes by integrating services to platforms • Enabling integrations also to customers’ and partners’ own platforms • Personalised services for different customer needs • Applying the newest technologies and AI for business • Driving growth through M&A • Acceleration of digitalisation throughout the company • Diversification to international markets • Active business portfolio development towards digital business
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| 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 #1-3 Estonia, Latvia, Lithuania cvonline.com #1 Bosnia and Herzegovina, Macedonia, Serbia mojposao.ba, vrabotuvanje.com.mk, poslovi.infostud.com, HOUSING AND COMMERCIAL PREMISES #1 Finland, Sweden etuovi.com, toimitilat.kauppalehti.fi, objektvision.se VEHICLES AND MACHINERY #1 Finland nettiauto.com, nettikone.com, nettimoto.com, autotalli.com NEWS MEDIA #1 Finland iltalehti.fi kauppalehti, talouselämä DIGITAL ADVERTISING #1 Finland Alma network 1 1 1 1 1 1 1 26 REVENUE SPLIT Q2 2026: OTHER 5% CONTENT 15% ADVERTISING 19 % DIGITAL SERVICES 22% CLASSIFIED 40 % 26
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27 1 TRANSFORM 2 GROW 3 SCALE • AI scaled across workflows, products and customer solutions. • Cloud, CRM and Career platform transformation on track. • AI expanded across News Media content, sales and product development. • Alma Account exceeded 3 million registered users. • AI-driven innovation strengthened customer value and recurring revenue. • Edilex integration delivered growth and synergies. • Shared platforms and cloud capabilities improved scalability and efficiency. • Group-wide AI and data capabilities accelerated innovation and profitable growth. Strategy Strategy on Q2 2026 - Highlights
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AI and data as strategic competitive advantages 28 • Unique data, trusted brands and domain expertise become more valuable with AI. Alma's market, audience and transaction data create advantages that generic AI models cannot easily replicate. • Embedded platforms deepen customer engagement and increase transaction value Alma’s services support the full customer journey from discovery to transactions, driving relevance, engagement and customer loyalty. • AI accelerates customer value and profitable growth AI improves matching, personalisation, product development and internal efficiency, supporting both revenue growth and long-term margin expansion. OPPORTUNITY DIFFICULTY Stage 1: Increasing internal productivity Stage 2: Improving customer experience Stage 3: New business models
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Outlook for 2026 29 Announced on 5 February 2026 Alma Media expects its full-year revenue of 2026 to remain at the 2025 level and the adjusted operating profit to grow. The full-year revenue for 2025 was MEUR 327.1 and the adjusted operating profit was MEUR 82.1. 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 positive signals have been seen in the market. Uncertainty in the markets is expected to continue. Fluctuations in the global economy may affect market development. The operating environment in Finland remained mixed, although economic indicators continued to show signs of a gradual recovery. Consumer confidence remained subdued but is expected to strengthen gradually, supporting a broader recovery in demand. The Group’s business diversification across multiple geographical markets and different business areas, together with systematic cost management, stabilises the Company’s operations even in challenging market conditions. Background for the outlook
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Thank You! Questions? Upcoming events in the investor calendar: • Interim report for January–September 2026 on Thursday, 29 October 2026 30