Alma Media (ALMA) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 grew 4.9% year-over-year to €83.1M, with digital business comprising 85.9% of total revenue and all segments contributing to profitability growth.

• Adjusted operating profit rose 18.6% to €20.4M, driven by digital revenues and strong cost control.

• Net interest-bearing debt decreased by 25.9% to €98.6M, and the equity ratio improved to 53%.

• The company maintains a balanced digital business portfolio across 10 countries, with robust cash flow and a strengthened balance sheet.

• Otava Oy acquired a controlling stake (40.07%), leading to Board reorganization.

Financial highlights

• Revenue: €83.1M (+4.9% YoY); digital revenue: €71.3M (+7.3% YoY).

• Adjusted EBITDA: €24.5M (+13.2% YoY); adjusted operating profit: €20.4M (+18.6% YoY); operating profit: €20.3M (+22.5% YoY).

• Earnings per share: €0.19, up from €0.14 year-over-year.

• Net debt decreased from €126M to €98.6M, with gearing at 37.7%.

• Cash flow from operating activities reached €28.9M, up from €8.1M last year.

Outlook and guidance

• Full-year 2026 revenue is expected to remain at 2025 levels (€327.1M), with adjusted operating profit projected to grow.

• The company remains cautious due to persistent market uncertainty, especially in Finland, but expects internal execution and cost discipline to stabilize performance.

• Growth expectations are tempered by external risks, but the diversified portfolio supports resilience.