Ilkka (ILKKA2) Q3 2025 earnings summary

Executive summary

• Revenue and adjusted operating profit from continuing operations increased significantly year-over-year, driven by the Profinder acquisition and growth in technology services.

• The group completed a major media business combination with Kaleva, shifting focus to marketing, technology, and data services.

• Digital business now accounts for over 96% of revenue, with SaaS services making up more than 60%.

• International expansion is underway, especially in Sweden and the Middle East.

Financial highlights

• Q3 2025 revenue: €9.0m (up 34% year-over-year); adjusted operating profit: €1.18m (vs. -€0.16m); operating profit: €1.0m (vs. -€0.45m).

• 9M 2025 revenue: €28.2m (up 25.5%); adjusted operating profit: €1.45m (vs. -€0.87m); operating loss: -€0.32m (vs. -€2.13m).

• Earnings per share (EPS) for 9M 2025: €0.18 (vs. €0.17).

• Net financial items for 9M 2025: €4.86m (vs. €6.70m), including €4.14m in Alma Media dividends.

• Total result for 9M 2025 (including discontinued operations): €12.3m (vs. €5.3m).

Outlook and guidance

• Revenue and adjusted operating profit from continuing operations expected to rise year-over-year.

• Results will be influenced by the performance of the Kaleva Media associate (35% stake) and Alma Media dividend income (10.9% stake).