The Group delivered a solid first quarter of 2026, with underlying revenue growth, improved EBIT and continued balance sheet strengthening.
Adjusted for the impact of discontinued activities, the Group revenues increased by 2.2 per cent. Excluding also currency effects the revenue growth was 4.7 per cent.
Earnings before depreciation and amortization (EBITDA) increased to NOK 21.4 million from NOK 20.7 million in the first quarter of 2025. The strengthening of the NOK rate impacted EBITDA negatively by approximately NOK 4 million compared to 2025.
The operating profit (EBIT) improved to NOK 9.3 million (2025 NOK 5.8 million), supported by higher EBITDA and lower depreciation.
DN Media Group`s total revenues were 2.4 per cent higher than in the first quarter 2025. User market revenues grew by 4.1 per cent. The growth in digital subscription revenues was 8.1 per cent in the quarter. This more than compensated for the decline in print-based revenues, which was 2.7 per cent.
Revenues from advertising and sales of commercial services in DN Media Group, at NOK 56.1 million, were down 0.7 per cent compared to the first quarter of 2025.
In the SaaS segment, Mynewsdesk reported a reduction in results with an EBITDA for the quarter at SEK 4.0 million compared to SEK 7.9 million in the first quarter 2025. The revenues for the quarter do not reflect the improved sales of new subscriptions while the increased sales and marketing effort is shown in operating expenses.
Group liquidity was satisfactory throughout the first quarter and cash at the end of the quarter was NOK 123.3 million. The Group reduced bank debt with NOK 65 million in the quarter.
James Lamont is assuming the Group CEO position from 1 May 2026, replacing Baard Haugen.