Keskisuomalainen (KSL) H1 2026 earnings summary

Executive summary

• Revenue declined 7.5% year-over-year to €101.1M for H1 2026, mainly due to the absence of election-related advertising and a challenging media market.

• Operational comparable EBIT dropped 58.7% to €3.3M, with operational EBITDA down 34.9% to €9.3M.

• Net profit was €6.3M, with EPS at €0.57, both lower than the prior year.

• Consumer sales grew 1.0%, but media sales fell sharply by 19.0%.

• The company acquired Arena Interactive Oy to strengthen its digital portfolio and launched a new national sports media product.

Financial highlights

• Revenue: €101.1M (H1 2026) vs. €109.3M (H1 2025), -7.5% year-over-year.

• Operational comparable EBIT: €3.3M (3.3% margin) vs. €8.1M (7.4% margin), -58.7%.

• EBITDA: €12.7M vs. €14.3M.

• Net profit: €6.3M vs. €7.5M; EPS: €0.57 vs. €0.69.

• Operating expenses decreased to €98.1M from €101.3M.

Outlook and guidance

• Full-year 2026 revenue expected to remain flat or decline slightly to €200–205M.

• Operational comparable EBIT for 2026 forecast at €9–11M.

• Optimism for H2 2026 as Finnish economic conditions improve and media market stabilizes.