- Q4 sales revenue amounted to PLN 745,1mn (EUR1 175,7mn).
- EBITDA Q4 was PLN -33,5mn (EUR1 -7,9mn) and the EBITDA margin -4.5 percent
- FY 2025 sales revenue amounted to PLN 3 197,6mn (EUR1 754,1mn).
- EBITDA FY 2025 was PLN 28,3mn (EUR1 6,7mn) and the EBITDA margin 0,9 percent.
- Weak performance in pulp segment weighed heavily on consolidated results
- Arctic Paper continues to gain market shares in a challenging paper market.
- Modernized biofuel boiler and additional pellets production in Grycksbo operational.
- The management board will not propose a dividend for 2025.
* Presented financial results are estimates obtained during the preparation of the financial statements for 2025. The final standalone and consolidated results will be published in the annual report and may differ from the amounts presented above.
“We are determined to take further actions aimed at increasing revenues and improving profitability across all our segments. Going forward, our focus remains on cost savings and measures to increase our competitiveness.”
Michal Jarczyński, CEO (see letter from the CEO on page 2)
Preliminary selected financial results: Arctic Paper Group & Arctic Paper (paper segment)
|
PLN (million) |
Q4, 2025 |
Q4, 2024 |
Changes |
FY 2025 |
FY 2024 |
|
Sales revenue, Arctic Paper Group |
745,1 |
810,8 |
-65,7 |
3 197,6 |
3 434,7 |
|
Sales revenue Arctic Paper (paper segment) |
517,9 |
576,4 |
-58,5 |
2 224,4 |
2 413,7 |
|
EBITDA, Arctic Paper Group |
-33,5 |
38,8 |
-72,3 |
28,3 |
298,6 |
|
EBITDA Arctic Paper (paper segment) |
36,4 |
46,3 |
-9,9 |
113,3 |
243,2 |
|
EBIT, Arctic Paper Group |
-72,2 |
11,3 |
-83,5 |
-166,0 |
184,3 |
|
EBIT Arctic Paper (paper segment) |
13,2 |
30,1 |
-16,9 |
25,1 |
168,8 |
|
Net profit, Arctic Paper Group |
-75,4 |
18,8 |
-94,1 |
-175,4 |
161,1 |
|
Net profit, Arctic Paper (paper segment) |
-3,7 |
26,9 |
-30,6 |
-10,9 |
160,2 |
|
Net profit per share2 (PLN/share) |
-0,62 |
0,34 |
-0,96 |
-1,44 |
2,23 |
|
Net debt |
146,7 |
-1,4 |
148,1 |
146,7 |
-1,4 |
1Arctic Paper S.A. reports in PLN. In the English press release, the amounts above were converted to EUR at the average rates for the quarter respectively.
2 Net profit per share: net profit for the paper segment plus 55% of the net profit for Rottneros divided by the number of shares.
|
“The paper segment holds a strong position in attractive niches within the European graphical paper market and has continued to gain market shares.”
|
|
Table 1: Preliminary selected consolidated profit and loss account items
|
PLN ‘000 |
4Q |
3Q |
4Q |
YTD |
YTD |
|
|
|
|
|
|
|
|
|
|
Sales revenues |
745 145 |
796 224 |
810 827 |
3 197 594 |
3 434 693 |
|
|
EBIT |
(72 189) |
4 491 |
11 280 |
(166 018) |
184 294 |
|
|
EBITDA |
(33 501) |
38 918 |
38 831 |
28 279 |
298 595 |
|
|
Net profit/ (loss) |
(75 355) |
(1 165) |
18 774 |
(175 365) |
161 104 |
|
|
|
|
|
|
|
|
|
Table 2: Preliminary selected consolidated balance sheet items
|
PLN ‘000 |
31.12.2025 |
31.12.2024 |
|
|
|
|
|
|
|
Fixed assets |
1 643 086 |
1 492 328 |
|
|
Inventories |
443 529 |
495 044 |
|
|
Receivables |
390 129 |
444 931 |
|
|
Other current assets |
48 019 |
37 077 |
|
|
Cash and cash equivalents |
151 642 |
287 583 |
|
|
Total assets |
2 676 405 |
2 756 962 |
|
|
|
|
|
|
|
Equity |
1 697 441 |
1 768 722 |
|
|
Short-term liabilities |
776 136 |
612 680 |
|
|
Long-term liabilities |
202 828 |
375 560 |
|
|
Total equity and liabilities |
2 676 405 |
2 756 962 |
|
|
PLN ‘000 |
Q4 |
Q3 |
Q4 |
YTD |
YTD |
|
|
|
|
|
|
|
|
|
|
Cash flows from operating activities |
93 362 |
26 417 |
109 335 |
118 332 |
188 395 |
|
|
Cash flows from investing activities |
(79 026) |
(65 498) |
(133 567) |
(302 041) |
(416 630) |
|
|
Cash flows from financing activities |
(13 157) |
(46 521) |
58 718 |
43 951 |
22 835 |
|
|
Total cash flows |
1 179 |
(85 601) |
34 486 |
(139 758) |
(205 400) |
|
Annual report 2025: Year-end April 21st, Q1 2026: May 12th, Q2 2026: August 11th, Q3 2026: November 5th