Stora Enso 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
Operating Revenue	9,326	9,049	9,396	11,680	10,164
Revenue	9,326	9,049	9,396	11,680	10,164
Revenue Growth (YoY)	3.06%	-3.69%	-19.55%	14.92%	18.83%
Cost of Revenue	7,020	6,738	6,342	6,721	5,814
Gross Profit	2,306	2,311	3,054	4,959	4,350
Selling, General & Admin	1,284	1,278	2,206	2,506	2,331
Other Operating Expenses	308	266	278	256	313
Operating Expenses	2,073	2,044	3,017	3,290	3,191
Operating Income	233	267	37	1,669	1,159
Interest Expense	-196	-214	-183	-125	-126
Interest & Investment Income	46	89	71	21	2
Earnings From Equity Investments	89	52	136	221	143
Currency Exchange Gain (Loss)	6	-11	-37	19	15
Other Non Operating Income (Expenses)	-20	-57	-33	-40	-20
EBT Excluding Unusual Items	158	126	-9	1,765	1,173
Merger & Restructuring Charges	-5	-	-6	-	-127
Impairment of Goodwill	-	-342	-85	-11	-4
Gain (Loss) on Sale of Assets	248	64	73	-4	62
Asset Writedown	375	17	-476	99	309
Pretax Income	783	-119	-495	1,859	1,420
Income Tax Expense	97	65	-64	322	151
Earnings From Continuing Operations	686	-184	-431	1,537	1,269
Minority Interest in Earnings	9	48	74	13	-3
Net Income	695	-136	-357	1,550	1,266
Net Income to Common	695	-136	-357	1,550	1,266
Net Income Growth	-	-	-	22.43%	102.24%
Shares Outstanding (Basic)	789	789	789	789	789
Shares Outstanding (Diluted)	790	790	790	789	789
Shares Change (YoY)	-0.01%	0.01%	0.04%	0.03%	-0.01%
EPS (Basic)	0.88	-0.17	-0.45	1.97	1.61
EPS (Diluted)	0.88	-0.17	-0.45	1.96	1.60
EPS Growth	-	-	-	22.50%	102.53%
Free Cash Flow	-130	-161	-237	878	832
Free Cash Flow Per Share	-0.17	-0.20	-0.30	1.11	1.05
Dividend Per Share	0.250	0.250	0.200	0.600	0.550
Dividend Growth	-	25.00%	-66.67%	9.09%	83.33%
Gross Margin	24.73%	25.54%	32.50%	42.46%	42.80%
Operating Margin	2.50%	2.95%	0.39%	14.29%	11.40%
Profit Margin	7.45%	-1.50%	-3.80%	13.27%	12.46%
Free Cash Flow Margin	-1.39%	-1.78%	-2.52%	7.52%	8.19%
EBITDA	656	697	494	2,136	1,627
EBITDA Margin	7.03%	7.70%	5.26%	18.29%	16.01%
D&A For EBITDA	423	430	457	467	468
EBIT	233	267	37	1,669	1,159
EBIT Margin	2.50%	2.95%	0.39%	14.29%	11.40%
Effective Tax Rate	12.39%	-	-	17.32%	10.63%

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