Koskisen (KOSKI) Q4 2025 earnings summary

Executive summary

• Revenue reached a record €354.9 million for 2025, up 25.7% year-over-year, driven by strong organic growth and the acquisition of Lisveden Metsä.

• Adjusted EBITDA improved to €28.9 million, though the margin declined slightly to 8.1% from 8.6% year-over-year.

• Profit for the period was €8.6 million, with basic EPS at €0.37, both slightly higher than the previous year.

• The Board proposes a dividend of €0.14 per share for 2025.

• Growth strategy execution continued, including significant investments and renewed financing on more favorable terms.

Financial highlights

• Full-year revenue rose to €354.9 million from €282.3 million, a 25.7% increase year-over-year.

• Adjusted EBITDA grew 19.0% to €28.9 million; EBITDA margin was 8.1%.

• Operating profit (EBIT) increased 9.9% to €14.3 million.

• Net cash flow from operating activities increased to €19.7 million from €14.0 million.

• Gross investments totaled €42.1 million, including €21.0 million for the Lisveden Metsä acquisition.

Outlook and guidance

• Revenue for 2026 is expected to increase from 2025 levels.

• Adjusted EBITDA margin for 2026 is projected at 8–12%.

• The company will continue executing its growth strategy, focusing on capacity expansion and operational efficiency.