Metsä Board Oyj (HEL:METSB)

Metsä Board Oyj Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	295.8	309.3	182.6	291.6	356.2	524.2
Cash & Short-Term Investments	295.8	309.3	182.6	291.6	356.2	524.2
Cash Growth	39.07%	69.39%	-37.38%	-18.14%	-32.05%	144.95%
Accounts Receivable	256.6	201.3	233.5	209.2	312.3	270.3
Other Receivables	-	36.4	49.8	43.2	75.7	47.5
Receivables	256.6	237.7	283.3	252.4	388	317.8
Inventory	419.8	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	972.2	932.7	951.7	974.7	1,299	1,284
Property, Plant & Equipment	1,181	1,266	1,248	1,230	1,108	935
Long-Term Investments	573.4	673	737.2	804.3	959.6	660
Goodwill	19.4	12.2	12.2	12.2	12.2	12.4
Other Intangible Assets	32.1	32.8	35	16.1	5.9	6.2
Long-Term Deferred Tax Assets	5.8	6	5.2	9.5	9.4	8.4
Other Long-Term Assets	5.5	3.2	4.4	5.4	6.6	12.5
Total Assets	2,789	2,926	2,994	3,055	3,403	2,922

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	472.1	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	114.3	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	-	16.9	41	29.9	68.2	43.3
Total Current Liabilities	586.4	566.9	535.8	421.8	547.9	523.8
Long-Term Debt	493.4	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	8.7	8.1	10.1	10.4	13.7
Long-Term Deferred Tax Liabilities	68	92.8	123.2	139.2	149.5	96.2
Other Long-Term Liabilities	6.8	5	7.4	10.4	5.7	5.2
Total Liabilities	1,162	1,169	1,086	1,003	1,148	1,076

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	557.9	557.9	557.9	557.9	557.9	557.9
Retained Earnings	721.2	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	196.6	289.7	261.9	350.3	427.1	298.3
Total Common Equity	1,473	1,590	1,743	1,897	2,082	1,699
Minority Interest	154.4	166.3	164.7	155.6	173.2	146.2
Shareholders' Equity	1,627	1,757	1,908	2,053	2,255	1,846
Total Liabilities & Equity	2,789	2,926	2,994	3,055	3,403	2,922

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	607.7	564.5	527.4	438.1	453	447
Net Cash (Debt)	-311.9	-255.2	-344.8	-146.5	-96.8	77.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.92	-0.72	-0.97	-0.41	-0.27	0.22
Filing Date Shares Outstanding	331.43	355.15	355.05	354.81	354.51	355.51
Total Common Shares Outstanding	331.43	355.15	355.05	354.81	354.51	355.51
Working Capital	385.8	365.8	415.9	552.9	751.4	760.5
Book Value Per Share	4.44	4.48	4.91	5.35	5.87	4.78
Tangible Book Value	1,421	1,545	1,696	1,869	2,064	1,681
Tangible Book Value Per Share	4.29	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

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error