UPM-Kymmene Oyj (HEL:UPM)

UPM-Kymmene Oyj Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	9,523	9,656	10,339	10,460	11,720	9,814
Revenue Growth	-5.40%	-6.61%	-1.16%	-10.75%	19.42%	14.38%
Gross Profit Gross Profit Growth	1,160	1,045	1,554	1,167	2,279	1,735
Operating Income Operating Income Growth	802	625	1,044	973	2,049	1,358
Net Income Net Income Growth	626	480	436	388	1,526	1,286
Earnings Per Share EPS Growth	1.18	0.91	0.82	0.73	2.86	2.41
EPS Growth	82.45%	11.09%	12.37%	-74.56%	18.67%	129.52%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
UPM Energy UPM Energy Growth	716	615	627	628	734	526
UPM Adhesive Materials UPM Adhesive Materials Growth	1,657	1,655	1,562	1,485	1,982	1,671
UPM Specialty Materials UPM Specialty Materials Growth	1,286	1,315	1,467	1,485	1,677	1,482
UPM Fibres UPM Fibres Growth	3,259	3,407	3,728	3,044	2,704	2,794
UPM Communication Papers UPM Communication Papers Growth	2,406	2,493	2,953	3,598	4,866	3,577
UPM Plywood UPM Plywood Growth	457	409	430	422	539	492
Other Operations Other Operations Growth	728	693	623	802	634	483
Eliminations and Reconciliation Eliminations and Reconciliation Growth	-933	-932	-1,051	-1,003	-1,415	-1,210
Total Total Growth	9,520	9,655	10,339	10,461	11,721	9,815

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	458	716	893	633	2,068	1,560
Total Debt Total Debt Growth	3,868	3,794	3,913	3,383	5,034	2,652
Net Cash (Debt) Net Cash Growth	-3,410	-3,078	-3,020	-2,750	-2,966	-1,092
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-6.47	-5.82	-5.66	-5.16	-5.56	-2.05

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	1,162	1,405	1,352	2,269	508	1,250
Capital Expenditures CapEx Growth	-371	-428	-596	-1,080	-1,477	-1,521
Free Cash Flow Free Cash Flow Growth	791	977	756	1,189	-969	-271
Free Cash Flow Growth	0.13%	29.23%	-36.42%	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	12.18%	10.82%	15.03%	11.16%	19.45%	17.68%
Operating Margin	8.42%	6.47%	10.10%	9.30%	17.48%	13.84%
Pretax Margin	8.93%	7.16%	4.84%	4.45%	16.60%	15.77%
Profit Margin	6.57%	4.97%	4.22%	3.71%	13.02%	13.10%
FCF Margin	8.31%	10.12%	7.31%	11.37%	-8.27%	-2.76%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 1, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.500	1.500	1.500	1.500	1.500	1.300
Dividend Per Share Growth	0%	0%	0%	0%	15.38%	0%
Dividend Yield	6.49%	6.22%	6.18%	5.07%	5.19%	4.90%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 1, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	20.38	27.23	32.49	46.82	12.21	13.88
Forward PE	14.68	16.00	13.21	16.72	12.08	16.12
P/FCF Ratio	16.04	13.38	18.74	15.28	-	-
PS Ratio	1.33	1.35	1.37	1.74	1.59	1.82

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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:

Aug 28, 2026

Data Sources Report a data error