October–December 2025
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Net sales, total group was EUR 158.0 million (159.8)
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Net sales from continuing operations decreased and were EUR 119.3 million (124.5)
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Comparable EBITA, total group increased and was EUR 8.9 million (8.0), or 5.7% of net sales (5.0)
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ESL Shipping EUR 3.8 million (4.3)
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Telko EUR 4.4 million (3.9)
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Discontinued operations EUR 2.0 million (1.1)
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Other operations EUR -1.2 million (-1.2)
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EBITA, total group was EUR 16.2 million (8.1). ESL Shipping’s EBITA was EUR 13.3 million (4.4), Telko’s EUR 4.0 million (3.9) and discontinued operations’ EUR 1.3 million (1.1)
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Comparable return on equity (ROE), total group was 10.8% (13.0)
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Comparable earnings per share, total group was EUR 0.06 (0.15)
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Free cash flow was EUR 26.2 million (-18.7)
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In November 2025, Aspo announced it would continue the strategic review of the company, with the main alternatives being the sale of ESL Shipping or a potential partial demerger of Aspo.
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M/S Kallio was sold to The Qrill Company AS in October 2025. The sale price was approximately EUR 18 million and the gain on sale was EUR 9.6 million. The gain on sale is not included in the comparable EBITA.
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The international Science Based Targets initiative (SBTi) approved Aspo’s near-term emission reduction targets in October 2025.
Guidance for 2026
Aspo Group’s comparable EBITA from continuing operations is expected to increase compared to the previous year (EUR 29.4 million in 2025).
Aspo Group’s comparable EBITA from continuing operations does not include the Leipurin business, which is reported as a discontinued operation. The sale of Leipurin was announced on August 15, 2025, and it is expected to be completed during the first quarter of 2026.
The Board of Directors proposes to the Annual General Meeting to be held on April 17, 2026, that a dividend of EUR 0.25 per share be distributed for the financial year 2025 and that no dividend be paid for the treasury shares held by Aspo Plc. The proposed dividend is 49% of Aspo’s comparable earnings per share in 2025. The dividend is proposed to be paid in a single installment.
The dividend, EUR 0.25 per share, is proposed to be paid to shareholders who are registered in the company’s shareholder register maintained by Euroclear Finland Ltd on the record date of April 21, 2026. The Board proposes that the dividend payment date be April 28, 2026.