Tulikivi and a late-night profit warning 
TULIKIVI OYJ INSIDE INFORMATION FEBRUARY 23, 2026 AT 10:30 PM
Tulikivi lowers its profit guidance for 2025: Net sales are estimated to be approximately EUR 29.5 million and comparable operating profit is estimated to be approximately EUR -0.1 million.
Tulikivi is lowering its previous estimate for the development of its 2025 operating profit. Previous guidance for 2025 (originally published on September 17, 2025): Net sales were estimated to be EUR 29–33 million and comparable operating profit was estimated to be EUR 1–2 million. According to the new estimate, net sales for 2025 are estimated to be approximately EUR 29.5 million and comparable operating profit is estimated to be approximately EUR -0.1 million. The reasons for lowering the outlook are the productivity of quarrying and production remaining at a lower level than expected during the final quarter of the year, as well as a slower-than-anticipated recovery in demand in the fireplace market.
The figures for 2025 are still unaudited. Tulikivi Oyj will publish its financial statements bulletin for 2025 on March 6, 2026, and its financial statements for 2025 on March 27, 2026.
TULIKIVI OYJ
Board of Directors