Lassila & Tikanoja Plc Financial Statements Release January - December 2025

Core Insights - Lassila & Tikanoja plc successfully demerged on December 31, 2025, into two independent listed companies, marking a significant milestone in its history and allowing a focused development of its circular economy services [6][41]. Financial Performance - For the year 2025, net sales reached EUR 426.6 million, a slight increase of 0.7% compared to the previous year [7][19]. - Adjusted EBITA for 2025 was EUR 40.6 million, representing 9.5% of net sales, down from 10.5% in the previous year [21][23]. - The operating profit for 2025 was EUR 34.2 million, which is 8.0% of net sales, a decrease from 9.5% in 2024 [22][23]. - Earnings per share for 2025 were EUR 0.67, down from EUR 0.83 in 2024 [23][80]. - Net cash flow from operating activities after investments was EUR 41.4 million, an increase from EUR 34.3 million in the previous year [10][27]. Segment Performance - The Waste Management and Recycling service area saw a decline in net sales by 1.8% to EUR 278.1 million due to a challenging economic environment [7][19]. - The Hazardous Waste and Remediation service area experienced a 12.0% increase in net sales to EUR 73.0 million, driven by a strong project pipeline [8][20]. - Net sales in Industrial Services and Water Treatment remained stable at EUR 81.3 million [20]. Acquisitions and Investments - In 2025, the company completed three acquisitions, including the pallet business of Stena Recycling Oy, which is expected to generate annual net sales of approximately EUR 10 million [11][24]. - An investment in a new plastics recycling plant in Merikarvia will increase the company's recycling capacity by approximately 1.5 times [12][25]. Sustainability Initiatives - The company's carbon footprint (Scope 1–2) decreased by 18% compared to the previous year, achieving a significant reduction five years ahead of schedule [13][35]. - The recycling rate of non-hazardous waste rose to 61.8%, supported by higher volumes of pallets and plastics [36]. Future Outlook - For 2026, net sales are estimated to be between EUR 420 million and EUR 450 million, with adjusted EBITA projected to be between EUR 38 million and EUR 44 million [5].