Wärtsilä (WRT1V) Q4 2025 earnings summary

Executive summary

• Achieved all-time highs in operating profit, cash flow, order intake, and net sales for both Q4 and the full year 2025, driven by strong Marine and Energy performance.

• Portfolio streamlined through major divestments, with further sales planned and only one significant unit remaining for sale.

• Growth in data centre power solutions and decarbonisation technologies supported results.

• Recognized by Forbes as a top 1,000 global employer, reflecting positive employee engagement.

Financial highlights

• Q4 net sales up 8% to EUR 2,002 million; full-year net sales up 7% to EUR 6,914 million, with organic growth of 11%.

• Comparable operating result up 23% to EUR 256 million (12.8% margin) in Q4; full-year up 20% to EUR 829 million (12% margin).

• Operating cash flow reached EUR 652 million in Q4 and EUR 1,598 million for the year, both all-time highs.

• Earnings per share at a record EUR 1.06 for the year.

• Return on capital employed (ROCE) for the year at 65.4%.

Outlook and guidance

• Marine demand expected to remain strong and similar to the prior year; Energy and Energy Storage demand anticipated to improve, though Energy Storage faces geopolitical and regulatory risks.

• High external uncertainties, including geopolitical tensions, trade policy, and tariffs, may impact investment decisions and global economic activity.