Metsä Board Oyj Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	296.5	309.3	182.6	291.6	356.2	524.2
Cash & Short-Term Investments	296.5	309.3	182.6	291.6	356.2	524.2
Cash Growth	26.55%	69.39%	-37.38%	-18.14%	-32.05%	144.95%
Accounts Receivable	276.5	201.3	233.5	209.2	312.3	270.3
Other Receivables	-	36.4	49.8	43.2	75.7	47.5
Receivables	276.5	237.7	283.3	252.4	388	317.8
Inventory	419.4	374.1	472.6	394.4	506.7	382.6
Prepaid Expenses	-	3.3	4	6.4	7.9	14.7
Other Current Assets	-	8.3	9.2	29.9	40.5	45
Total Current Assets	992.4	932.7	951.7	974.7	1,299	1,284
Property, Plant & Equipment	1,217	1,266	1,248	1,230	1,108	935
Long-Term Investments	583.5	673	737.2	804.3	959.6	660
Goodwill	19.4	12.2	12.2	12.2	12.2	12.4
Other Intangible Assets	32.3	32.8	35	16.1	5.9	6.2
Long-Term Deferred Tax Assets	5.9	6	5.2	9.5	9.4	8.4
Other Long-Term Assets	4.1	3.2	4.4	5.4	6.6	12.5
Total Assets	2,855	2,926	2,994	3,055	3,403	2,922
Accounts Payable	490.6	389.4	297	282.7	360.4	348.6
Accrued Expenses	-	91.5	82.3	76.3	89.1	102
Short-Term Debt	-	52.1	96.4	-	-	-
Current Portion of Long-Term Debt	143.4	11.9	11.8	11.8	12.2	3.9
Current Portion of Leases	-	4.8	7.3	5.3	6.4	6.1
Current Income Taxes Payable	-	0.3	-	15.8	11.6	19.9
Other Current Liabilities	0.2	16.9	41	29.9	68.2	43.3
Total Current Liabilities	634.2	566.9	535.8	421.8	547.9	523.8
Long-Term Debt	494.3	487.1	402	413.5	424.9	427.2
Long-Term Leases	-	8.6	9.9	7.5	9.5	9.8
Pension & Post-Retirement Benefits	7.8	8.7	8.1	10.1	10.4	13.7
Long-Term Deferred Tax Liabilities	70.5	92.8	123.2	139.2	149.5	96.2
Other Long-Term Liabilities	4.3	5	7.4	10.4	5.7	5.2
Total Liabilities	1,211	1,169	1,086	1,003	1,148	1,076
Common Stock	557.9	557.9	557.9	557.9	557.9	557.9
Retained Earnings	723.1	745.6	926.9	994.3	1,105	843.2
Treasury Stock	-2.8	-2.8	-3.7	-5.5	-7.8	-
Comprehensive Income & Other	204.9	289.7	261.9	350.3	427.1	298.3
Total Common Equity	1,483	1,590	1,743	1,897	2,082	1,699
Minority Interest	160.8	166.3	164.7	155.6	173.2	146.2
Shareholders' Equity	1,644	1,757	1,908	2,053	2,255	1,846
Total Liabilities & Equity	2,855	2,926	2,994	3,055	3,403	2,922
Total Debt	637.7	564.5	527.4	438.1	453	447
Net Cash (Debt)	-341.2	-255.2	-344.8	-146.5	-96.8	77.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.98	-0.72	-0.97	-0.41	-0.27	0.22
Filing Date Shares Outstanding	310	355.15	355.05	354.81	354.51	355.51
Total Common Shares Outstanding	310	355.15	355.05	354.81	354.51	355.51
Working Capital	358.2	365.8	415.9	552.9	751.4	760.5
Book Value Per Share	4.78	4.48	4.91	5.35	5.87	4.78
Tangible Book Value	1,431	1,545	1,696	1,869	2,064	1,681
Tangible Book Value Per Share	4.62	4.35	4.78	5.27	5.82	4.73
Land	-	15.6	16	16.1	12.4	15.7
Buildings	-	456.7	521	504.9	472.4	401.2
Machinery	-	2,324	3,085	2,998	2,782	2,563
Construction In Progress	-	34.3	32	71.4	163.2	306.1