The 1927–28 SM-sarja was the first-ever Finnish Ice Hockey Championship. The tournament featured six teams from three cities and was set up by the Finnish Ball Association, before the establishment of the Finnish Ice Hockey Association in 1929.
First round
edit| Away | Score | Home | Score |
|---|---|---|---|
| HPS Helsinki | 0 | TaPa Tampere | 1 |
| Away | Score | Home | Score |
|---|---|---|---|
| Reipas Viipuri | 4 | HJK Helsinki | 3 |
Second round
edit| Away | Score | Home | Score | Notes |
|---|---|---|---|---|
| TaPa Tampere | 1 | Reipas Viipuri | 2 | OT |
| Away | Score | Home | Score |
|---|---|---|---|
| KIF Helsinki | 3 | HIFK Helsinki | 1 |
Final
edit| Away | Score | Home | Score |
|---|---|---|---|
| Reipas Viipuri | 5 | KIF Helsinki | 1 |
Viipurin Reipas wins the first-ever Finnish Ice Hockey Championship.