Koskisen (KOSKI) Q2 2025 earnings summary

Executive summary

• Revenue grew 24.3% year-over-year to €176.0 million for H1 2025, driven by higher delivery volumes and improved pricing in the Sawn Timber Industry segment.

• Adjusted EBITDA increased 33.2% to €19.8 million for H1 2025, reflecting operational improvements and efficiency gains.

• Profit for H1 2025 rose to €9.2 million, with basic EPS improving to €0.40.

• The acquisition of lisveden Metsä was completed in June, expanding wood procurement and supporting strategic growth.

• Investments in production capacity and sustainability continued, including new sawmill ramp-up and launch of new bio-based products.

Financial highlights

• Q2 2025 revenue: €89.7M (up 15.3% YoY); H1 2025 revenue: €176.0M (up 24.3% YoY).

• Q2 2025 adjusted EBITDA: €10.3M (up 10.3% YoY); H1 2025 adjusted EBITDA: €19.8M (up 33.2% YoY).

• Q2 2025 EBIT: €7.0M; H1 2025 EBIT: €13.2M (up 31.8% YoY).

• Q2 2025 net profit: €5.0M; H1 2025 net profit: €9.2M (up 27.9% YoY).

• Basic EPS: €0.21 in Q2, €0.40 YTD.

Outlook and guidance

• 2025 revenue expected to grow from 2024 levels; adjusted EBITDA margin guidance remains at 7–11%.