UPM-Kymmene

UPM · Nasdaq Helsinki · EUR

€24.85+0.73%+€0.18

Close · October 2, 2026

At a glance

Revenue growth: −6.61%; 2025 vs 2024
Net income growth: +10.09%; 2025 vs 2024
Net margin: 5.0%; 2024: 4.2%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	2,355	2,426	2,312	2,298	2,341	2,573	2,632	2,521	2,546	2,640	2,531	2,584
Cost of revenue	2,049	2,095	1,964	2,142	2,127	2,265	2,231	2,100	2,285	2,169	2,108	2,427
Gross profit	306	331	348	156	214	308	401	421	261	471	423	157
Selling, general and administrative	—	—	19.0	—	—	—	21.0	—	—	—	23.0	—
Operating income	231	243	258	61.0	102	195	174	308	77.0	363	432	89.0
EBIT	231	243	258	61.0	102	195	174	308	77.0	363	432	89.0
EBITDA	333	348	406	165	218	313	817	431	271	490	553	219
Interest expense	22.0	23.0	29.0	27.0	21.0	27.0	37.0	30.0	23.0	21.0	44.0	24.0
Pre-tax income	182	226	407	26.0	83.0	166	-131	271	27.0	332	182	-52.0
Income tax	19.0	32.0	148	8.0	13.0	28.0	-36.0	24.0	-5.0	53.0	20.0	-24.0
Net income	158	195	257	16.0	70.0	137	-99.0	237	26.0	272	160	-26.0
Net income to common shareholders	158	195	257	16.0	70.0	137	-99.0	237	26.0	272	160	-26.0
Basic EPS	0.30	0.37	0.49	0.03	0.13	0.26	-0.19	0.44	0.05	0.51	0.30	-0.05
Diluted EPS	0.30	0.37	0.49	0.03	0.13	0.26	-0.19	0.44	0.05	0.51	0.30	-0.05
Average shares (basic)	527	527	527	527	527	532	533	533	533	533	533	533
Average shares (diluted)	527	527	527	527	527	532	533	533	533	533	533	533
Dividend per share	—	—	1.50	—	—	—	1.50	—	—	—	1.50	—