Metso Corporation's stock exchange release on February 12, 2026, at 09:00 a.m.
EET
Figures in brackets refer to the corresponding period in 2024, unless otherwise
stated.
Fourth quarter 2025 in brief
· Overall market activity remained at the previous quarter's level
· Orders received increased 2% to EUR 1,501 million (EUR 1,466 million);
Aggregates +4% and Minerals +2%
· Sales grew 11% to EUR 1,443 million (EUR 1,300 million); Aggregates +14% and
Minerals +10%
· Adjusted EBITA was EUR 232 million, or 16.1% of sales (EUR 210 million, or
16.1%)
· Operating profit was EUR 184 million, or 12.7% of sales (EUR 172 million, or
13.2%)
· Cash flow from operations was EUR 365 million (EUR 286 million)
January-December 2025 in brief
· Orders received increased 4% to EUR 5,471 million (EUR 5,278 million)
· Sales grew 4% to EUR 5,240 million (EUR 5,026 million)
· Adjusted EBITA was EUR 829 million, or 15.8% of sales (EUR 830 million, or
16.5%)
· Operating profit was EUR 735 million, or 14.0% of sales (EUR 749 million, or
14.9%)
· For continuing operations, earnings per share were EUR 0.58 (EUR 0.61).
Earnings per share were EUR 0.51 (EUR 0.40)
· Cash flow from operations was EUR 974 million (EUR 576 million)
· New strategy and financial targets were published in September
· The Board proposes a dividend of EUR 0.40 for 2025 (EUR 0.38), to be paid in
two installments
President and CEO Sami Takaluoma:
We delivered a solid performance in the fourth quarter. The overall market
activity remained stable, supported by high metal prices and healthy
infrastructure activity. This sustained good investment appetite in both
Minerals and Aggregates, increasing order intake by 2% year-on-year to EUR 1,501
million. Aggregates orders grew by 4%, driven by equipment demand, while
Minerals recorded 2% growth against a tough comparison period, supported by two
major equipment orders and continued aftermarket strength. Organic growth was
somewhat higher, as exchange rates had a negative impact in both segments.
Sales in the fourth quarter increased by 11% to EUR 1,443 million, with both
segments contributing to the growth. Equipment sales were particularly strong,
rising by 23% in Aggregates and by 27% in Minerals, supported by healthy revenue
recognition in Minerals equipment and a high level of Aggregates equipment
deliveries from the backlog. Adjusted EBITA improved to EUR 232 million, and the
equipment-weighted mix combined with flat aftermarket sales resulted in a stable
adjusted EBITA margin of 16.1%. Operational cash flow strengthened to EUR 365
million, reflecting our strong delivery execution and continued discipline in
working capital management.
For the full year 2025, orders received grew by 4% to EUR 5,471 million, and
sales increased by 4% to EUR 5,240 million. Equipment orders rose by 4%, and
aftermarket orders increased by 3%. Adjusted EBITA was EUR 829 million, with a
margin of 15.8%. Cash flow from operations reached EUR 974 million, a
significant improvement from the previous year, reinforcing our financial
position and enabling continued investment in future growth.
During 2025, we sharpened our strategy and financial targets to focus on
delivering the best customer experience, accelerating aftermarket growth,
leading in sustainability, and achieving financial excellence. Employee
engagement reached an all-time high, reflecting our commitment to a strong,
customer-centric growth culture. We also advanced our strategic agenda with four
acquisitions, including Swiss Tower Mills Minerals, two divestments, and
expansion of our production capacity and service network to be even closer to
our customers.
Looking ahead, we are excited to begin executing our 'We go beyond.' strategy
and expect the market environment to continue supporting our customers and
creating new opportunities. Metso's broad geographical footprint, competitive
offering, and dedicated Metsonites provide a strong foundation for continued
progress toward our targets. With our solid performance in 2025 and a clear
strategic direction, we are well positioned to keep advancing in pursuit of our
ambition of becoming the industry benchmark. I want to thank all Metsonites for
their contributions in 2025. My extended gratitude also goes to our customers,
partners, and shareholders for their continued support.
Market outlook
Metso expects that market activity in both Minerals and Aggregates will remain
at the current level. Tariff-related turbulence could potentially affect global
economic growth and market activity.
In its previously published outlook, Metso expected market activity in both
Minerals and Aggregates to remain at the current level.
According to the company's disclosure policy, Metso's market outlook describes
the expected sequential development of market activity, adjusting for
seasonality, during the following six-month period using three categories:
improve, remain at the current level, or decline.
Key figures
EUR million Q4/2025 Q4/2024 Change % 2025 2024 Change %
Orders received* 1,501 1,466 2 5,471 5,278 4
Orders received by 731 700 4 3,000 2,904 3
aftermarket business*
% of orders received* 49 48 - 55 55 -
Order backlog* 3,457 3,223 7
Sales* 1,443 1,300 11 5,240 5,026 4
Sales by aftermarket 734 736 0 2,805 2,846 -1
business*
% of sales* 51 57 - 54 57 -
Adjusted EBITA* 232 210 11 829 830 0
% of sales* 16.1 16.1 - 15.8 16.5 -
Operating profit* 184 172 7 735 749 -2
% of sales* 12.7 13.2 - 14.0 14.9 -
Earnings per share, 0.14 0.13 8 0.58 0.61 -5
continuing operations,
EUR*
Cash flow from 365 286 28 974 576 69
operations
Gearing, % 40.8 44.9 -
Net debt/EBITDA, last 1.2 1.3 -
12 months*
Personnel at end of 17,982 16,832 7
period
* Comparative figures for 2024 have been restated. More information is available
in Note 10. Discontinued operations.
Audiocast and conference call details
President and CEO Sami Takaluoma and CFO Pasi Kyckling will present the results
in an audiocast and a conference call for analysts and investors today at 1:00
p.m. EET.
The audiocast can be followedat
the company's website (https://www.metso.com/corporate/investors/financials/inter
im-review/). A recording and a transcript will be available at the same webpage
after the event has finished.
The teleconference can be accessed by registering on the link below.
https://events.inderes.com/metso/q4-2025/dial
-in (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.ind
eres.com%2Fmetso%2Fq4-2025%2Fdial
-in&data=05%7C02%7Celena.ranta%40metso.com%7Cdd827ce4c8af465daba108de4137a782%7C5
c5456f4c40240c5a73de78777e7bf9e%7C0%7C0%7C639019904467381350%7CUnknown%7CTWFpbGZs
b3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsI
ldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=AoE%2B2le3Go9rlg7EVGWiY%2Biqjtt6FeHteGLvvBLyq5
c%3D&reserved=0)
The complete Financial Statements Review is available as an attachment to this
release.
Further information, please contact:
Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation,
tel. +358 20 484 3253,
email: juha.rouhiainen(a)metso.com (juha.rouhiainen@metso.com)
Distribution:
Nasdaq Helsinki Ltd
Main media
www.metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and
services for the aggregates, minerals processing and metals refining industries
globally. We improve our customers' energy and water efficiency, increase their
productivity, and reduce environmental risks with our product and service
expertise. We are the partner for positive change.
Metso is headquartered in Espoo, Finland. At the end of 2025 Metso had close to
18,000 employees in around 50 countries, and sales in 2025 were about EUR 5.3
billion. Metso is listed on the Nasdaq Helsinki. metso.com