Ilkka (ILKKA2) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was €9.2 million, down 2.3% year-over-year; adjusted operating profit from own operations was -€337 thousand, a slight decline from -€226 thousand.

• Strategic investments in technology and brand transformation continued as planned, despite short-term pressure on profitability.

• The company completed a major brand renewal, consolidating all subsidiaries under the Ilkka brand.

• The operating environment remained uncertain due to global economic and geopolitical instability, including the war in Iran.

Financial highlights

• Revenue: €9.2 million (Q1 2025: €9.4 million), -2.3% year-over-year.

• Adjusted operating profit from own operations: -€337 thousand (-€226 thousand), -3.7% of revenue.

• Operating profit: -€144 thousand (-€1.4 million), -1.6% of revenue.

• Net financial items: -€220 thousand (€43 thousand in Q1 2025).

• Profit before taxes: -€365 thousand (-€1.36 million).

• Earnings per share: -€0.01 (-€0.05).

• Equity ratio: 89.0% (84.6%), net gearing: -6.4% (-7.9%).

• Cash flow from operations: €158 thousand (€5.6 million).

Outlook and guidance

• Revenue from continuing operations is expected to increase in 2026; adjusted operating profit from own operations is expected to remain at the previous year's level.

• Results will be significantly affected by the performance of associated company Kaleva Media Oy (35% ownership) and dividends from Alma Media Oyj (10.9% ownership).