Aspo Plc reports profit improvement in challenging 2025 market

Aspo Plc announced its financial results for the period ending December 31, 2025, highlighting a significant improvement in profitability amidst a challenging market environment. The group's comparable operating profit increased to EUR 36.5 million, up from EUR 29.1 million in 2024. Group net sales also grew to EUR 616.3 million, compared to EUR 592.6 million the previous year.

In the fourth quarter of 2025, from October to December, the comparable operating profit stood at EUR 8.9 million, an increase from EUR 8.0 million in the same period of 2024. Net sales for the quarter slightly decreased to EUR 158.0 million from EUR 159.8 million. Both ESL Shipping and Telko, key segments for the company's operations, showed improved performance. Telko's comparable operating profit rose significantly to EUR 17.9 million, while ESL Shipping's profit saw a slight decrease to EUR 16.5 million year-on-year.

The company also disclosed strategic developments. In November 2025, Aspo initiated a strategic evaluation, with potential options including the divestment of ESL Shipping or a partial demerger. The company has also sold the vessel M/S Kallio and agreed to sell its Leipurin business to Lantmännen. The Leipurin divestment is expected to generate a gain of approximately EUR 16 million and is anticipated to be completed in the first quarter of 2026.

For the full year 2025, Aspo's Board of Directors proposes a dividend of EUR 0.25 per share, an increase from the EUR 0.19 per share paid for 2024. Looking ahead, Aspo expects its continuing operations' comparable operating profit to increase in 2026 compared to 2025. This growth is anticipated from profit improvement measures in ESL Shipping and Telko, as well as the realization of synergies.