Nokian Tyres plc Financial Statement Release 2025, February 10, 2026 at 1:00
p.m. EET
This release is a summary of Nokian Tyres' Financial Statement Release 2025. The
complete report is attached to this release. It is also available on the
company's website at company.nokiantyres.com/investors.
October-December 2025
· Net sales were EUR 416.4 million (October-December 2024: 415.0). With
comparable currencies, net sales increased by 0.8%, driven by North America and
Nordics.
· Segments operating profit was EUR 51.1 million (35.9), an improvement of
42.3%. The increase was driven by higher passenger car tire prices and lower
material costs. Operating profit was EUR 35.1 million (15.4), an improvement of
127.8%. Non-IFRS exclusions totaled EUR -16.0 million (-20.5).
· Earnings per share were EUR 0.12 (0.04).
· Cash flow from operating activities was EUR 332.0 million (314.8).
January-December 2025
· Net sales were EUR 1,373.6 million (January-December 2024: 1,289.8). With
comparable currencies, net sales increased by 7.2%, supported by growth in all
geographical areas.
· Segments operating profit was EUR 91.3 million (71.4), an improvement of
28.0%. The increase was driven by higher passenger car tire prices and sales
volume. Operating profit improved significantly and was EUR 35.8 million (1.8).
Non-IFRS exclusions totaled EUR -55.5 million (-69.6).
· Earnings per share were EUR -0.11 (-0.17).
· Cash flow from operating activities was EUR 146.2 million (77.4).
· Paolo Pompei started as President and CEO of Nokian Tyres on January 1,
2025.
· The Board of Directors proposes a dividend of EUR 0.25 per share for the
financial year 2025 to be paid in April 2026 (dividend for the financial year
2024: 0.25)
Guidance for 2026
In 2026, Nokian Tyres' net sales are expected to grow compared to the previous
year and segments operating profit as a percentage of net sales to be 8-10%.
Assumptions for 2026
Tire demand in Nokian Tyres' markets is expected to remain flat in 2026.
Development of global economy as well as geopolitical, trade and tariff
uncertainties may cause volatility to the company's business environment. Nokian
Tyres' profitability improvement is supported by new high-performing products,
price/mix and efficiency improvements.
Paolo Pompei, President and CEO:
“2025 was a year of strong improvement for Nokian Tyres despite uncertain
operating environment and weak market development. The fourth quarter was our
best quarter in three years. I want to thank our team for their strong execution
and focus on the priorities we set for the year. Their efforts enabled us to
increase 2025 net sales in all regions and deliver a clear improvement in
profitability. Passenger Car Tyres was the main driver of the improved results,
while Heavy Tyres was impacted by soft markets. Vianor delivered solid
performance.
As highlighted in our reports throughout the year, we accelerated our efforts to
strengthen our financial performance. The emphasis was on optimizing the product
and price/mix, improving operational efficiency, and further leveraging the
expanded manufacturing platform. In addition, we maintained strict cost
discipline across the organization from raw material sourcing to indirect and
SG&A spending. These measures enhanced our financial performance as the year
progressed, and we will continue implementing them during this year. Improved
working capital management and reduced capital expenditures contributed to
stronger cash flow in 2025.
At the same time, we completed a significant investment phase during which we
rebuilt our production capacity to support future growth and delivery
reliability. The ramp‑up of the new Romanian factory progressed as planned, and
in 2025 we produced one million tires. While the ramp-up progresses, the factory
is now shifting from investment mode towards stabilizing manufacturing
operations.
A stronger consumer focus and a strengthened Nokian Tyres brand are central to
our strategy. New partnerships announced in 2025 with the International Ice
Hockey Federation and former Formula 1 champion Kimi Räikkönen are expected to
enhance Nokian Tyres' global visibility and brand credibility, reflecting our
premium performance and Nordic heritage. These initiatives support long-term
value-creation by making the brand more visible, relevant, and trusted.
Overall, 2025 marked a turning point for Nokian Tyres, demonstrating our ability
to adapt and stay competitive. While our work to further strengthen our
performance continues, we are well-positioned to enter the next phase from a
solid foundation.
In 2026, we will build on this momentum with a clear focus on profitable growth
supported by new premium products, brand repositioning and a strong emphasis on
delivering value to consumers. At the same time, we will continue to drive
higher productivity and efficiency, while maintaining strict cost discipline.
Our updated financial targets announced today provide a clear direction for the
future and reflect our ambition to create sustainable value for our
shareholders.”
Key figures
EUR million 10-12/2025 10-12/2024 2025 2024
Net sales 416.4 415.0 1,373.6 1,289.8
Net sales change, % 0.3% 12.8% 6.5% 9.9%
Net sales change in 0.8% 13.1% 7.2% 10.6%
comparable currencies,
%
Operating profit 35.1 15.4 35.8 1.8
Operating profit 127.8% 1,923.3%
change, %
Operating profit, % 8.4% 3.7% 2.6% 0.1%
Result before tax 21.6 4.4 -15.9 -31.5
Result for the period 16.4 6.0 -15.0 -22.8
EPS, EUR 0.12 0.04 -0.11 -0.17
Segments EBITDA 87.1 67.1 222.2 185.2
Segments EBITDA, % 20.9% 16.2% 16.2% 14.4%
Segments operating 51.5 35.9 91.3 71.4
profit
Segments operating 42.3% 28.0%
profit change, %
Segments operating 12.3% 8.7% 6.6% 5.5%
profit, %
Segments ROCE, %* 4.7% 3.9%
Equity ratio, % 50.3% 52.5%
Gearing, % 57.0% 48.2%
Interest-bearing net 664.0 613.1
debt
Capital expenditure 4.9 90.1 126.9 350.1
Cash flow from 332.0 314.8 146.2 77.4
operating activities
*Rolling 12 months
In addition to IFRS figures, Nokian Tyres publishes alternative non-IFRS
segments figures, which exclude the ramp-up of the US and Romanian factories and
other possible items that are not indicative of the Group's underlying business
performance.
BUSINESS UNIT REVIEWS
Passenger Car Tyres
+--------------------------------------------+----------+----------+-----+-----+
|EUR million |10-12/2025|10-12/2024|2025 |2024 |
+--------------------------------------------+----------+----------+-----+-----+
|Net sales |244.1 |238.2 |858.4|779.9|
+--------------------------------------------+----------+----------+-----+-----+
|Net sales change, % |2.5% |20.3% |10.1%|19.4%|
+--------------------------------------------+----------+----------+-----+-----+
|Net sales change in comparable currencies, %|3.9% |20.7% |11.5%|20.2%|
+--------------------------------------------+----------+----------+-----+-----+
|Operating profit |18.5 |-6.6 |28.3 |-15.6|
+--------------------------------------------+----------+----------+-----+-----+
|Operating profit, % |7.6% |-2.8% |3.3% |-2.0%|
+--------------------------------------------+----------+----------+-----+-----+
|Segment operating profit |32.3 |13.6 |80.9 |52.2 |
+--------------------------------------------+----------+----------+-----+-----+
|Segment operating profit, % |13.2% |5.7% |9.4% |6.7% |
+--------------------------------------------+----------+----------+-----+-----+
Heavy Tyres
+--------------------------------------------+----------+----------+-----+-----+
|EUR million |10-12/2025|10-12/2024|2025 |2024 |
+--------------------------------------------+----------+----------+-----+-----+
|Net sales |60.0 |61.8 |232.0|235.1|
+--------------------------------------------+----------+----------+-----+-----+
|Net sales change, % |-2.9% |0.0% |-1.3%|-8.6%|
+--------------------------------------------+----------+----------+-----+-----+
|Net sales change in comparable currencies, %|-2.8% |0.4% |-1.2%|-8.0%|
+--------------------------------------------+----------+----------+-----+-----+
|Operating profit |6.0 |8.5 |24.3 |30.0 |
+--------------------------------------------+----------+----------+-----+-----+
|Operating profit, % |10.0% |13.8% |10.5%|12.8%|
+--------------------------------------------+----------+----------+-----+-----+
|Segment operating profit |6.0 |8.5 |24.3 |30.0 |
+--------------------------------------------+----------+----------+-----+-----+
|Segment operating profit, % |10.0% |13.8% |10.5%|12.8%|
+--------------------------------------------+----------+----------+-----+-----+
Vianor, own operations
+--------------------------------------------+----------+----------+-----+-----+
|EUR million |10-12/2025|10-12/2024|2025 |2024 |
+--------------------------------------------+----------+----------+-----+-----+
|Net sales |132.4 |134.1 |363.8|354.9|
+--------------------------------------------+----------+----------+-----+-----+
|Net sales change, % |-1.2% |6.4% |2.5% |3.2% |
+--------------------------------------------+----------+----------+-----+-----+
|Net sales change in comparable currencies, %|-2.7% |6.7% |1.6% |3.6% |
+--------------------------------------------+----------+----------+-----+-----+
|Operating profit |11.2 |11.2 |-3.5 |-3.8 |
+--------------------------------------------+----------+----------+-----+-----+
|Operating profit, % |8.5% |8.3% |-1.0%|-1.1%|
+--------------------------------------------+----------+----------+-----+-----+
|Segment operating profit |11.2 |11.2 |-3.5 |-3.8 |
+--------------------------------------------+----------+----------+-----+-----+
|Segment operating profit, % |8.5% |8.3% |-1.0%|-1.1%|
+--------------------------------------------+----------+----------+-----+-----+
|Number of own service centers at period end | | |170 |174 |
+--------------------------------------------+----------+----------+-----+-----+
WEBCAST & CONFERENCE CALL
A combined webcast and teleconference for investors, analysts and media will be
held on the publishing day at 2:00 p.m. EET. Nokian Tyres' President and CEO
Paolo Pompei and interim CFO Jari Huuhtanen will present the results.
Participants can follow the webcast at https://nokiantyres.events.inderes.com/q4
-2025.
To ask questions, please join the teleconference by registering at
https://events.inderes.com/nokiantyres/q4-2025/dial-in. Phone numbers and a
conference ID to access the teleconference will be provided upon registration.
A recording of the webcast will be available on the company's website for 12
months after the event.
FINANCIAL REPORTING
Nokian Tyres Annual Report 2025 will be published in Finnish and English in the
beginning of March 2026.
Interim Report January-March 2026: April 22, 2026
THE ANNUAL GENERAL MEETING 2026
The Annual General Meeting of Nokian Tyres plc is tentatively scheduled for
March 25, 2026.
Releases and company information are available at
company.nokiantyres.com/investors.
Further information:
Paolo Pompei, President and CEO, tel: +358 10 401 7000
Annukka Angeria, Senior Manager, IR and Strategic Project Communications, tel:
+358 10 401 7581
Nokian Tyres' purpose is to make the world safer by reinventing tires, and how
they are made, over and over again - a safer place to drive, work and live now
and for generations to come. Inspired by our northern heritage, we develop and
manufacture premium tires for passenger cars, trucks and heavy machinery with
sustainability at the heart of all our operations. Our Vianor chain provides
tire and car services. We are some 4,000 people with net sales of EUR 1.4
billion in 2025, and together we lead the journey to smarter driving for people
and for businesses. Nokian Tyres is listed on Nasdaq Helsinki. Further
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