Keskisuomalainen (KSL) H1 2025 earnings summary

Executive summary

• Revenue increased by 6.5% year-over-year to €109.3 million for H1 2025, driven by growth in direct distribution and new business acquisitions.

• Operating profit improved significantly to €8.1 million from a loss of €6.1 million in H1 2024, with a margin of 7.4%.

• Net result turned positive at €7.5 million, up from a €6.0 million loss year-over-year; EPS rose to €0.69.

• Cost reduction initiatives and structural changes contributed to improved profitability.

• Subscription sales grew 2.7% and media sales 4.0%, with the largest growth (39.0%) in direct distribution.

Financial highlights

• Revenue: €109.3m (H1 2025) vs. €102.6m (H1 2024), +6.5%.

• Operating profit: €8.1m (H1 2025) vs. -€6.1m (H1 2024); margin 7.4% vs. -5.9%.

• EBITDA: €14.3m (H1 2025) vs. €7.2m (H1 2024), +98.2%.

• Net income: €7.5m (H1 2025) vs. -€6.0m (H1 2024).

• EPS: €0.69 (H1 2025) vs. -€0.58 (H1 2024).

Outlook and guidance

• Revenue and comparable operating profit are expected to grow significantly for full year 2025.

• Positive business momentum is anticipated to continue, though H1 results included election-related sales.