Ahlstrom financial statements 2025 published and strategic updates announced
Media

Ahlstrom financial statements 2025 published and strategic updates announced

AHLSTROM OYJ, PRESS RELEASE, FEBRUARY 26, 2026, at 09:00 EET 

Ahlstrom has today published Financial Statements 2025 for Ahlstrom Oyj (previously Ahlstrom Holding 3 Oy). The report is available at www.ahlstrom.com/investors. Earnings call for investors will be held today at 15:00 EET (14:00 CET). 

  • Strong performance over 2025 driven by disciplined execution of its strategy   

  • Announced further steps on strategic roadmap: Initiated right-sizing of operations at Mosinee site in Wisconsin (US) to unlock additional value. Started consultations on potentially closing the Radcliffe (UK) site1 to optimize footprint. 

 
Financial and Operational Highlights 2025  

  • Net sales remained resilient amounting to EUR 2,930 million (2024: EUR 2,965 million); at constant currency net sales grew by 1.4% 

  • Strong comparable EBITDA at EUR 473 million (2024: EUR 451 million) and a record comparable EBITDA margin 16.1% (2024: 15.2%), due to acquisitions and underlying performance of Core divisions2  

  • Margin on Variable Costs per ton (MoVC)  increased to €1,097 (2024: €987) driven by disciplined pricing and procurement savings 

  • Cash discipline remained solid, operating cash flow was EUR 141 million (2024: EUR 227 million) mainly impacted by one-offs including minority squeeze out excess payment and transaction costs 

  • Successful portfolio changes to drive growth in specialty materials with the acquisitions of Stevens Point operations and EBF, the divestment of non-core Abrasives business as well as establishing of Performance Material Cluster to allow focus on Core divisions2  

  • Squeeze out to minority shareholders completed 

  • Acceleration of customer-focused innovation as the company continued building and delivering its innovation pipeline  

  • Excellent sustainability results, including record employee safety (TRIR), and eNPS, and the company remains target to meet SBTi commitments, strengthening its position as a sustainability leader, earning an EcoVadis Platinum rating and a CDP Climate Leadership score of A-  

  • Ahlstrom Holding 3 Oy changed its name to Ahlstrom Oyj as of January 02, 2026 

Helen Mets, President and CEO, commented:  

 
"In 2025, Ahlstrom strengthened its position as a leading sustainable specialty materials company through disciplined execution of our strategic agenda. We continued to strengthen our portfolio with the acquisitions of Stevens Point operations in Food & Smart Packaging and EBF in Lab & Life Sciences, while divesting the non-core Abrasives businesses. Despite a softer market environment, we delivered resilient net sales and improved profitability, driven by our disciplined pricing, procurement savings and acquisitions. Our innovation pipeline and commitment to sustainability have progressed; innovative products now represent 33% of our sales, and 66% of our offerings are now Safe and Sustainable by Design. We achieved record employee safety (TRIR) and eNPS scores and see our deep customer relationships reflected in our continued top decile customer loyalty scores.  
 
Looking ahead to 2026, our refined strategy and recent acquisitions provide strong momentum. We remain committed to safety, reliability, and continuous improvement, leveraging digital and AI solutions. Thank you to our employees, customers, suppliers, and partners for your ongoing support as we continue to build Ahlstrom’s leadership in specialty materials." 

Initiated significant steps on Ahlstrom’s strategic roadmap 

Ahlstrom is streamlining its Wisconsin (US) manufacturing strategy by right-sizing the Mosinee site. This includes closing the pulp mill and two older paper machines this year, while upgrading the two remaining paper machines with advanced technologies and automation.  

In addition, Ahlstrom has also announced the initiation of a formal consultation process concerning the potential closure of the Radcliffe (UK) site, effective today. A decision will be taken pending the outcome of the consultation. 

Earnings call for investors on February 26, at 15:00 EET (14:00 CET) 

A live audiocast and teleconference call will be arranged today, February 26, at 15:00 EET (14:00 CET). The event will be hosted by President and CEO Helen Mets, and CFO Niklas Beyes. 

Questions to the management can be asked either via the chat box in the audiocast or in-person by phone in the conference call. 

Audiocast registration link: https://ahlstrom.videosync.fi/q4-2025

Teleconference registration link: https://player.videosync.fi/ahlstrom/q4-2025/dial-in

After the registration to the teleconference, the participant will be provided with phone numbers and a conference ID to access the call. To ask a question, press #5 on your telephone keypad to enter the queue. 

By joining the audiocast or teleconference, the participant agrees that personal information such as name and company name will be collected. The event will be recorded. 

For further information, please contact 

For media: Annemiek Voorzee, Vice President, Communications, annemiek.voorzee@ahlstrom.com   

For investors: Investor Relations, IR@ahlstrom.com  

1Subject to consultation 
2Filtration & Life Sciences, Food & Consumer Packaging and Protective Materials 


Ahlstrom in brief 
Ahlstrom is a global leader in combining fibers into sustainable specialty materials. Our purpose is to Purify and Protect, with Every Fiber, for a Sustainable World. Our vision is to be the Preferred Sustainable Specialty Materials Company for all our stakeholders. Our three Core divisions, Filtration and Life Sciences, Food and Consumer Packaging, and Protective Materials, address global trends with safe and sustainable solutions. Our net sales in 2025 amounted to EUR 2.9 billion and we employ some 7,000 people. Read more: www.ahlstrom.com.