Alma Media (ALMA) Q1 2026 earnings summary

Executive summary

• Revenue grew 4.9% year-over-year to €83.1M in Q1 2026, with digital business comprising 85.9%–86% of total revenue and all segments improving profitability.

• Adjusted operating profit rose 18.6% to €20.4M, with a margin of 24.6%, driven by digital revenues and strong cost control.

• Profitability and cash flow strengthened, with net interest-bearing debt down 25.9% to €98.6M and equity ratio at 53%.

• All business segments contributed to growth, with Marketplaces and Career showing double-digit profit increases.

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

Financial highlights

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

• Adjusted operating profit: €20.4M (24.6% margin), up from €17.2M; adjusted EBITDA: €24.5M (+13.2% YoY).

• Earnings per share: €0.19, up from €0.14 (+41.2% YoY).

• Cash flow from operating activities: €28.9M (+29.5% YoY); cash after investments at €28.2M.

• Net debt: €98.6M (-25.9% YoY); gearing at 37.7%.

Outlook and guidance

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

• The company remains cautious due to persistent market uncertainty, low consumer confidence, and subdued growth in Finland.

• Diversified portfolio and cost discipline are expected to support stability.