Alma Media (ALMA) Q1 2025 earnings summary

Executive summary

• Revenue grew 4.0% year-over-year to MEUR 79.2, with digital business comprising 84% of total revenue and adjusted operating profit up 6.6% to MEUR 17.2, driven by strong Marketplaces performance and digital expansion.

• Digital revenue reached a record 84% of total, reflecting ongoing print-to-digital transformation and robust digital strategy execution.

• Two out of three business segments improved profitability, with Marketplaces as the main contributor and stable or improved performance in Career and News Media.

• Financial position strengthened with gearing at 54% and equity ratio at 50.5%.

• Acquisitions, especially in Marketplaces, contributed to growth, while advertising sales declined.

Financial highlights

• Adjusted operating profit margin was 21.7% in Q1 2025; EBIT margin for Q1 was 21.7%, with rolling 12-month EBIT margin at 24.7%.

• Earnings per share increased to EUR 0.14, up from EUR 0.13 last year.

• Operative cash flow was MEUR 22.3, slightly down year-over-year due to higher taxes and working capital changes.

• Interest-bearing net debt stood at MEUR 132.9, with leverage (net debt/EBITDA) at 1.4 and equity ratio at 50.5%.

• Return on equity (ROE) at 13.9% and return on investment (ROI) at 18.5%.

Outlook and guidance

• Full-year 2025 revenue and adjusted operating profit are expected to remain at 2024 levels (MEUR 312.7 and MEUR 76.9, respectively), reflecting caution amid market volatility.

• No significant negative impacts expected from internal factors; external market developments remain the key risk.

• Diversification, cost control, and Plan B cost measures are in place to stabilize outlook amid slow growth in Finland.