Ilkka (ILKKA2) Q3 2026 earnings summary

Executive summary

• Q3 continuing-operations revenue rose 2.2% YoY to €9.2m, while adjusted own-operations operating profit fell to €0.8m from €1.2m and profit before tax to €0.2m from €1.4m.

• 9M revenue declined 1.2% YoY to €27.8m; adjusted own-operations operating profit was €0.1m versus €1.4m, while profit before tax increased to €5.1m from €4.5m.

• Full-year 2026 outlook is unchanged: continuing-operations revenue expected at the prior-year level or slightly higher, with adjusted own-operations operating profit expected to decline.

Financial highlights

• Q3 operating profit was €170k versus €997k; net profit was €228k versus €1.316m and EPS €0.01 versus €0.05.

• 9M operating loss narrowed to €83k from €317k; net profit from continuing operations was €5.052m versus €4.497m, and EPS was €0.19 versus €0.18.

• 9M net finance income was €5.146m, including €4.317m of Alma Media dividends and €1.023m net gains on financial assets held for trading.

• Q3 costs rose 7.3% YoY to €9.625m; materials and services costs increased 13.6%, personnel costs 7.6%, and other operating expenses 7.7%.

Outlook and guidance

• 2026 continuing-operations revenue is expected to remain at the 2025 level or increase slightly; adjusted own-operations operating profit is expected to decrease YoY.

• Guidance is unchanged from the update issued 31 August 2026; Kaleva Media’s associate contribution and Alma Media dividends materially affect results.