Core Insights - Tornator achieved significant growth in 2025, with revenue reaching EUR 232.2 million, a 9% increase from the previous year, driven by strong timber sales and effective planning [1][5][14] - The company’s forest assets exceeded 800,000 hectares, with a fair value of EUR 3.8 billion, reflecting strategic acquisitions and positive market conditions [2][29][30] Financial Performance - Adjusted operating profit reached a record EUR 168.4 million, while net profit was EUR 114.4 million, both showing substantial increases from the previous year [2][21] - Operating profit at fair value was EUR 298.4 million, with a net profit of EUR 217.2 million, indicating strong operational performance despite external challenges [2][16] - The equity ratio remained robust at 58.4%, and the balance sheet surpassed EUR 4 billion, highlighting financial stability [2][30] Strategic Developments - Tornator acquired over 35,000 hectares of new forest assets in Finland, reinforcing its position as the largest private forest owner in the country [3][6] - The company executed a debt financing arrangement to secure refinancing for a maturing bond and enhance growth investment capacity [3][30] - A strategic partnership with Stora Enso was deepened, ensuring a stable supply of timber and collaborative development in silviculture services [9][10] Sustainability and Innovation - Tornator advanced its climate and biodiversity programs, launching initiatives aimed at enhancing environmental stewardship [3][32] - Digitalization and AI have become integral to Tornator's operations, improving decision-making and operational efficiency [12] - The company transitioned to its own PEFC certification, enhancing its commitment to sustainability and operational quality [13][56] Future Vision - Tornator aims to expand its forest area to one million hectares by 2035, with a revenue target exceeding EUR 400 million while maintaining strong profitability [8] - The company plans to enhance land lease income and develop renewable energy solutions, including wind and solar projects [8][30]

Core Viewpoint - Tornator reported a significant growth in revenue and profit for the first half of 2025, with a focus on sustainable growth and strategic partnerships, particularly in the timber market [1][6][9]. Financial Performance - Net sales increased by 23% to €104.5 million compared to €85.1 million in H1 2024 [2][5]. - Operating profit (IFRS) rose by 39% to €84.4 million from €60.8 million [2][5]. - Profit for the period (IFRS) increased by 44% to €57.7 million from €40.1 million [2][5]. - Return on equity improved to 5.1% from 3.7%, while return on capital employed rose to 5.5% from 4.2% [2][5]. Operational Highlights - The volume of wood deliveries remained stable, but strong demand led to increased unit prices [6]. - Tornator acquired nearly 12,000 hectares of new forest, with investments totaling approximately €60 million [6][9]. - Timber deliveries reached approximately 1.6 million cubic meters, generating €95.5 million in revenue [18]. Strategic Vision - Tornator aims to grow its forest assets to one million hectares by 2035, representing a 25% increase, with projected annual revenue exceeding €400 million [6][15]. - The updated growth strategy focuses on quality, added value, and sustainability, emphasizing human well-being and responsible partnerships [8][15]. Market Environment - The demand for renewable and sustainably produced wood remains positive, with timber market prices in Finland continuing to rise due to high demand [9][21]. - The forest industry is experiencing moderate improvement, with competition for raw wood expected to remain tight [20][26]. Sustainability Initiatives - Tornator is committed to biodiversity and climate programs, including the restoration of peatlands and partnerships with organizations like WWF Finland [11][13]. - The company emphasizes responsible treatment of the workforce throughout its contractor chain, ensuring good working conditions [12]. Financial Position - The financial position remains strong, with cash flow from operations before financial items and taxes at €42.0 million, up from €34.8 million [23]. - Interest-bearing debt totaled €1,043.6 million, with a significant portion being long-term [23][24]. Future Outlook - Tornator expects strong and stable cash flow and debt servicing capacity for the remainder of the year, with continued positive demand for wood [25][26]. - The company plans to advance wind and solar power projects where feasible, despite current market uncertainties [10][26].