Ilkka (ILKKA2) Q4 2025 earnings summary

Executive summary

• Revenue grew 22.6% year-over-year to €37.8 million, driven by the Profinder acquisition and strong growth in technology services.

• Adjusted operating profit from continuing operations improved to €1.6 million (4.2% margin), up from a loss of €0.4 million last year.

• Major strategic shift: media business merged with Kaleva Media, transforming the group into a marketing and technology company.

• The group now focuses on SaaS-based marketing, data, and technology services, with 65% of revenue from recurring contracts.

• Board proposes a dividend of €0.25 per share, up from €0.22.

Financial highlights

• Q4 revenue rose 14.8% to €9.7 million; adjusted operating profit was €0.15 million (1.6% margin).

• Full-year operating profit was -€1.1 million, a significant improvement from -€2.9 million last year.

• Net profit from continuing operations was €3.9 million, down from €4.6 million, but total profit including discontinued operations rose to €11.6 million due to a €7 million gain from the media business sale.

• Equity ratio strengthened to 89.7% (from 87.0%), and net gearing remained negative at -6.7%.

• Cash flow from operations increased to €7.7 million (from €3.8 million).

Outlook and guidance

• Revenue and adjusted operating profit from continuing operations are expected to increase in 2026.

• Results will be influenced by the performance of the 35% stake in Kaleva Media and dividends from a 10.9% holding in Alma Media.