Metsä Board Oyj (HEL:METSB)
Finland · Delayed Price · Currency is EUR 2.968
+0.056 (1.92%)
Nov 2, 2026, 6:29 PM EET
Metsä Board Oyj Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Net Income | -113.1 | -156.6 | 25.3 | 94.8 | 409.9 | 292.1 |
Depreciation & Amortization | 106 | 130.6 | 106 | 93.8 | 83 | 85.6 |
Loss (Gain) From Sale of Assets | -20.5 | -9.7 | -33.1 | -59.1 | -59.5 | -28.2 |
Asset Writedown & Restructuring Costs | 35 | 35 | 7.6 | - | 0.1 | 4.6 |
Loss (Gain) on Equity Investments | 41.4 | 37.4 | 8.8 | -24.2 | -163.1 | -114.4 |
Other Operating Activities | -31.1 | -28.3 | 19.5 | 131.7 | 112.9 | 40.4 |
Change in Accounts Receivable | 37.7 | 37.7 | -24 | 103 | -27.6 | -53.9 |
Change in Inventory | 93.9 | 93.9 | -76.1 | 109.5 | -128.8 | -19.3 |
Change in Accounts Payable | 99.6 | 99.6 | 3.8 | -106.7 | 5.1 | 122.7 |
Change in Other Net Operating Assets | -132.7 | - | - | - | - | - |
Operating Cash Flow | 116.2 | 239.6 | 37.8 | 342.8 | 232 | 329.6 |
Operating Cash Flow Growth | -13.02% | 533.86% | -88.97% | 47.76% | -29.61% | 7.12% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -85.1 | -136 | -164 | -218.4 | -274.2 | -213.7 |
Sale of Property, Plant & Equipment | -0.7 | 11.5 | 35 | 58.9 | 41.1 | 30.4 |
Cash Acquisitions | -9.3 | - | - | - | -13.6 | - |
Divestitures | - | - | -0.5 | - | 24.5 | - |
Investment in Securities | 0.2 | 0.2 | 0.5 | - | 16.9 | 0.2 |
Other Investing Activities | -0.1 | 2.6 | -0.9 | -0.2 | - | 0.1 |
Investing Cash Flow | -75 | -121.7 | -129.9 | -159.7 | -205.3 | -183 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Short-Term Debt Issued | - | - | 95.8 | - | - | - |
Long-Term Debt Issued | - | 198.4 | - | 4.7 | 63.3 | - |
Total Debt Issued | 217 | 198.4 | 95.8 | 4.7 | 63.3 | - |
Short-Term Debt Repaid | - | -47.6 | - | -0.4 | -0.5 | -0.4 |
Long-Term Debt Repaid | - | -123.3 | -21.8 | -18.9 | -81 | -7.6 |
Total Debt Repaid | -170.9 | -170.9 | -21.8 | -19.3 | -81.5 | -8 |
Net Debt Issued (Repaid) | 46.1 | 27.5 | 74 | -14.6 | -18.2 | -8 |
Repurchase of Common Stock | - | - | - | - | -7.8 | - |
Common Dividends Paid | - | -24.9 | -88.8 | -206.8 | -146.3 | -92.4 |
Other Financing Activities | 0.1 | 0.1 | - | -22.9 | -10.8 | 261.1 |
Financing Cash Flow | 46.2 | 2.7 | -14.8 | -244.3 | -183.1 | 160.7 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Foreign Exchange Rate Adjustments | -4.3 | 6.2 | -2.1 | -3.5 | -11.6 | 3 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | -0.1 | - |
Net Cash Flow | 83.1 | 126.8 | -109 | -64.7 | -168.1 | 310.3 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 31.1 | 103.6 | -126.2 | 124.4 | -42.2 | 115.9 |
Free Cash Flow Growth | 49.52% | - | - | - | - | -24.50% |
Free Cash Flow Margin | 1.91% | 5.80% | -6.49% | 6.39% | -1.70% | 5.55% |
Free Cash Flow Per Share | 0.09 | 0.29 | -0.36 | 0.35 | -0.12 | 0.33 |
Levered Free Cash Flow | 131.03 | 157.98 | -107.96 | 27.25 | -181.69 | 97.31 |
Unlevered Free Cash Flow | 145.09 | 170.54 | -98.15 | 34.75 | -179.32 | 101.62 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Interest Paid | 17.2 | 17.2 | 16.5 | 11.1 | 3.6 | 11.2 |
Cash Income Tax Paid | 9.5 | 0.2 | 17.2 | -24.1 | 66.5 | 31.1 |
Change in Working Capital | 98.5 | 231.2 | -96.3 | 105.8 | -151.3 | 49.5 |