Tornator grew to new dimensions in 2025: forest assets exceeded 800,000 hectares

The year 2025 marked a significant period of renewal and growth for Tornator. We launched a new strategy period, built on three cornerstones – quality, value creation, and nature – which guide all our operations. At the heart of the strategy, and the key to its execution, is people. The strategy serves as a roadmap toward our new, ambitious growth vision: one million hectares.

  • Revenue increased to EUR 232.2 million (+9.0%). Strong demand pushed timber sales prices higher early in the year, and well-planned timber sales lots met customer needs throughout the year.
  • Operating profit once again rose to a new record of EUR 168.4 million (154.1), as did operating net profit, which reached EUR 114.4 million (103.2).
  • Profit at fair value amounted to EUR 298.4 million (189.9), and net profit to EUR 217.2 million (132.5). Equity totaled EUR 2.3 billion (2.2), and return on equity at fair value was 9.5%.
  • The fair value of the Group’s forest assets increased to EUR 3.8 billion (3.6), and the balance sheet total exceeded EUR 4.0 billion (3.8).
  • The equity ratio remained strong at 58.4% (59.8).
  • The company acquired more than 35,000 hectares of new forest assets in Finland, increasing the Group’s forest ownership to over 800,000 hectares.
  • The company executed a debt financing transaction to secure the refinancing of a bond maturing in 2026 and to strengthen its capacity for new growth investments.
  • The company’s climate and biodiversity programs progressed through several projects.

Vision 2035 guides our gaze toward the future: over the next ten years, our goal is to expand the area of our forests to one million hectares and increase revenue to over EUR 400 million, while maintaining strong profitability and an investment-grade (IG) credit rating. At the same time, we will create added value by growing our land lease income and actively enabling renewable energy solutions – more than one hundred wind turbines, one thousand hectares of solar power plants, and numerous data centers and battery storage facilities will be built on our lands. The targets of the biodiversity program will be achieved and a new program will be launched; digital solutions and artificial intelligence will be an integral part of our core processes. Alongside these efforts, we will ensure that Tornator’s organization and contractor network are doing well and operate as one unified team. We wanted our vision to be ambitious, yet realistic.

Tornator Timberland Group in 2025

In addition to the Finnish parent company Tornator Plc, the Group includes Tornator Eesti OÜ in Estonia and SC Tornator SRL in Romania.

  • Revenue: EUR 232.2 million
  • Operating profit: EUR 168.4 million
  • Operating net profit: EUR 114.4 million
  • Balance sheet total: EUR 4.0 billion

The Group employs 188 forestry professionals and has employment effects equivalent to approximately 1,600 person-years.

Total tax footprint: EUR 52 million

Tornator’s forest assets in Europe in 2025

At the end of 2025, the Tornator Group owned a total of approximately 819,000 hectares of forest in Finland, Estonia, and Romania.

Tornator’s Key Financial Figures 2025