Ilkka (ILKKA2) Q2 2026 earnings summary

Executive summary

• Pre-tax profit increased year-over-year, but revenue and adjusted operating profit declined for both Q2 and H1 2026.

• Strategic focus on technology, data, and marketing services, with continued investments in AI and digital capabilities.

• Strong financial position maintained, with high equity ratio and negative net debt.

Financial highlights

• Q2 2026 revenue: €9.4M (-3% YoY); H1 2026 revenue: €18.6M (-2.8% YoY).

• Q2 adjusted operating profit: -€340K (5.1% to -3.6% margin YoY); H1 adjusted operating profit: -€676K (1.4% to -3.6% margin YoY).

• Q2 pre-tax profit: €5.2M (+14% YoY); H1 pre-tax profit: €4.8M (+52% YoY).

• Q2 EPS: €0.19 (vs €0.18); H1 EPS: €0.19 (vs €0.13).

• Net financial income driven by Alma Media dividend (€4.3M in Q2 and H1).

Outlook and guidance

• 2026 revenue expected to remain at previous year’s level; adjusted operating profit expected to decline.

• Results significantly influenced by Kaleva Media (35% stake) and Alma Media dividend (10.9% stake).