Valmet Oyj Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	5,197	5,359	5,532	5,074	3,935
Revenue Growth (YoY)	-3.02%	-3.13%	9.03%	28.95%	5.21%
Cost of Revenue	3,719	3,847	4,103	3,810	2,942
Gross Profit	1,478	1,512	1,429	1,264	993
Selling, General & Admin	940	988	905	832	594
Other Operating Expenses	3	3	14	6	-7
Operating Expenses	943	991	919	838	587
Operating Income	535	521	510	426	406
Interest Expense	-74	-89	-38	-10	-1
Interest & Investment Income	18	22	14	9	4
Earnings From Equity Investments	5	2	3	7	3
Currency Exchange Gain (Loss)	-6	-8	6	-6	-11
Other Non Operating Income (Expenses)	-7	-5	-4	-5	-1
EBT Excluding Unusual Items	471	443	491	421	400
Merger & Restructuring Charges	-67	-21	-14	-15	-6
Gain (Loss) on Sale of Investments	-	-	-	59	-
Gain (Loss) on Sale of Assets	2	1	3	1	1
Asset Writedown	-6	-13	-2	-4	-1
Other Unusual Items	-24	-33	-39	-53	2
Pretax Income	376	383	473	431	396
Income Tax Expense	96	102	114	94	99
Earnings From Continuing Operations	280	281	359	337	297
Minority Interest in Earnings	-	-1	-2	-	-1
Net Income	280	280	357	337	296
Net Income to Common	280	280	357	337	296
Net Income Growth	-	-21.57%	5.93%	13.85%	28.14%
Shares Outstanding (Basic)	184	184	184	176	149
Shares Outstanding (Diluted)	184	184	184	176	149
Shares Change (YoY)	0.02%	0.00%	4.86%	17.50%	-0.02%
EPS (Basic)	1.52	1.52	1.94	1.92	1.98
EPS (Diluted)	1.52	1.52	1.94	1.92	1.98
EPS Growth	0%	-21.59%	1.03%	-3.08%	28.57%
Free Cash Flow	496	471	254	-44	414
Free Cash Flow Per Share	2.69	2.56	1.38	-0.25	2.77
Dividend Per Share	1.350	1.350	1.350	1.300	1.200
Dividend Growth	-	-	3.85%	8.33%	33.33%
Gross Margin	28.44%	28.21%	25.83%	24.91%	25.24%
Operating Margin	10.29%	9.72%	9.22%	8.40%	10.32%
Profit Margin	5.39%	5.22%	6.45%	6.64%	7.52%
Free Cash Flow Margin	9.54%	8.79%	4.59%	-0.87%	10.52%
EBITDA	674	672	647	579	490
EBITDA Margin	12.97%	12.54%	11.70%	11.41%	12.45%
D&A For EBITDA	139	151	137	153	84
EBIT	535	521	510	426	406
EBIT Margin	10.29%	9.72%	9.22%	8.40%	10.32%
Effective Tax Rate	25.53%	26.63%	24.10%	21.81%	25.00%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.