NHST GROUP’S DEVELOPMENT IN THE THIRD QUARTER OF 2026
The Group total revenues were NOK 300.9 million in the third quarter of 2026 (2025 NOK 294.1 million). Operating expenses were NOK 261.9 million (2025 NOK 255.5 million).
Group EBITDA was NOK 39.0 million (2025 NOK 38.7 million). The Group had a negative EBITDA currency effect of NOK 2.9 million in the quarter compared with the third quarter of 2025.
For the third quarter Group EBIT was NOK 28.5 million (2025 NOK 26.4 million), where lower depreciation and interest cost accounted for most of the increase.
DN Media Group reported revenue growth in the third quarter of 3.7 per cent, with total operating revenues of NOK 255.8 million (2025 NOK 246.5 million).
User market revenues in the media segment increased to NOK 183.2 million (2025 NOK 179.4 million), while revenues from advertising and commercial services grew to NOK 70.7 million (2025 NOK 62.6 million).
Operating expenses in DN Media Group amounted to NOK 222.9 million (2025 NOK 213.2 million), primarily reflecting increases in personnel costs and conference costs, driven by increased conference activities.
In the SaaS segment, revenues were NOK 46.1 million (2025 NOK 49.3 million), a decline of 6.4 per cent, reflecting the negative currency effect from a weaker SEK. Mynewsdesk’s recognised revenues in SEK increased by 0.7 per cent to SEK 46.8 million (2025 SEK 46.4 million). EBITDA amounted to NOK 8.4 million (2025 NOK 8.0 million).
The Group’s cash position remained satisfactory in the third quarter. Cash and cash equivalents amounted to NOK 94.3 million at quarter-end (2025 NOK 106.8 million). The Group’s net cash position at the end of the quarter was NOK 49.3 million. Long-term debt in the end of the third quarter at NOK 45 million, compared to NOK 150 million by the end of third quarter last year.
Investments in product and process development were NOK 10.5 million in the quarter (2025 NOK 6.1 million).
In September 2026, Dagens Næringsliv’s (DN) unpublished investigative article “Dubai-pengene” was stolen in a cyber-related incident and published on a newly-created website before DN published it. DN has reported the incident to the police, who have opened an investigation.
DN Media Group agreed to discontinue its defined benefit pension scheme in Norway, effective 1 January 2027, with higher contributions in the defined contribution scheme. The changes are approximately cost-neutral in the long-term, including a one-off positive EBITDA effect of NOK 34 to 42 million expected in the fourth quarter of 2026. The estimate is preliminary and subject to final actuarial calculations.