Metso (METSO) Q4 2025 earnings summary

Executive summary

• Orders received in Q4 2025 reached EUR 1.5 billion, up 2% year-over-year, with full-year orders at EUR 5,471 million, up 4%.

• Q4 sales grew 11% to EUR 1,443 million, with full-year sales up 4% to EUR 5,240 million.

• Adjusted EBITA for Q4 was EUR 232 million (16.1% margin), and full-year Adjusted EBITA was EUR 829 million (15.8% margin).

• Cash flow from operations was EUR 365 million in Q4 and EUR 974 million for the year, up 69% year-over-year.

• The board proposes a dividend of EUR 0.40 per share (EUR 331 million), representing 69% of EPS, to be paid in two installments.

Financial highlights

• Q4 orders received were EUR 1,501 million, sales EUR 1,443 million, and Adjusted EBITA EUR 232 million (16.1% margin).

• Full-year sales were EUR 5,240 million; Adjusted EBITA was EUR 829 million (15.8% margin); operating profit EUR 735 million (14.0% margin).

• EPS from continuing operations was EUR 0.14 in Q4 and EUR 0.58 for the year.

• Cash flow from operations for the year was EUR 974 million.

• Q4 operating profit was EUR 184 million (12.7% of sales).

Outlook and guidance

• Market activity in both Minerals and Aggregates is expected to remain at current levels for the next two quarters, with potential risks from tariff-related turbulence.

• Similar market activity anticipated for Q1 as seen in Q4.