K. & H. Annala Oy is a limited company based in Lapua, registered in 1956. In the financial year ending 31.12.2025, revenue was 855 t€ and operating profit 100 t€; equity ratio 33.3 %. Public buyers bought 18 t€ from it in 2022–2026; the largest buyer is Terveyden ja hyvinvoinnin laitos (Sosiaali- ja terveysministeriön hallinnonala).
Revenue 2025855 t€+23 % on the previous year
Operating profit100 t€11,6 % of revenue
Net profit65 t€EBITDA 92 t€
Equity ratio33,3 %quick ratio 0,38
Taxable income 20240 €
profit as taxed
Income taxes 20240 €2 412 € in 2020–2024
In business70 yrsregistered 25.5.1956
Sales to public buyers18 t€2022–2026
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| Revenue | 855 t€ | 693 t€ | 628 t€ |
| Revenue change | 23,3 % | 10,4 % | – |
| EBITDA | 92 t€ | 14 t€ | 47 t€ |
| EBITDA % | 10,8 % | 2,0 % | 7,4 % |
| Operating profit | 100 t€ | 5 439 € | 37 t€ |
| Operating margin | 11,6 % | 0,8 % | 5,9 % |
| Net profit | 65 t€ | -29 t€ | -2 202 € |
| Personnel costs | -305 t€ | 199 t€ | 216 t€ |
| Equity ratio | 33,3 % | 28,3 % | 30,6 % |
| Quick ratio | 0,38 | 0,55 | 0,15 |
| Current ratio | 2,99 | 3,52 | 2,96 |
| Debt to revenue | 71,1 % | 86,9 % | 96,1 % |
| Return on equity | 21,4 % | -12,1 % | -0,8 % |
| Balance sheet total | 911 t€ | 841 t€ | 871 t€ |
| Equity | 303 t€ | 238 t€ | 267 t€ |
| Cash and bank | 2 506 € | 6 179 € | 2 872 € |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 855 t€ | 693 t€ | 628 t€ |
| Other operating income | 25 t€ | 3 887 € | 9 284 € |
| Raw materials and services | 291 t€ | -278 t€ | -200 t€ |
| Personnel expenses | 305 t€ | -199 t€ | -216 t€ |
| Depreciations and reductions in value | 7 310 € | -8 167 € | -9 646 € |
| Other operating expenses | 218 t€ | -178 t€ | -181 t€ |
| Operating profit (loss) | 100 t€ | 5 439 € | 37 t€ |
| Financial income and expenses + (-) | 25 t€ | -34 t€ | -39 t€ |
| Profit (loss) before appropriations and taxes | 75 t€ | -29 t€ | -2 202 € |
| Income taxes | 9 942 € | 0 € | – |
| Profit (loss) for the financial year | 65 t€ | -29 t€ | -2 202 € |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Non-current assets | 107 t€ | 114 t€ | 122 t€ |
| Stocks | 701 t€ | 612 t€ | 712 t€ |
| Receivables | 100 t€ | 108 t€ | 34 t€ |
| Cash in hand and at banks | 2 506 € | 6 179 € | 2 872 € |
| Current assets | 804 t€ | 726 t€ | 749 t€ |
| Assets | 911 t€ | 841 t€ | 871 t€ |
| Share capital or other similar capital | 34 t€ | 34 t€ | 34 t€ |
| Capital and reserves | 303 t€ | 238 t€ | 267 t€ |
| Long-term liabilities | 339 t€ | 396 t€ | 351 t€ |
| Short-term liabilities | 269 t€ | 206 t€ | 253 t€ |
| Liabilities | 608 t€ | 603 t€ | 604 t€ |
All financial statement items (59)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | |
|---|---|---|---|
| Turnover | 855 t€ | 693 t€ | 628 t€ |
| Other operating income | 25 t€ | 3 887 € | 9 284 € |
| Raw materials and services | 291 t€ | -278 t€ | -200 t€ |
| Personnel expenses | 305 t€ | -199 t€ | -216 t€ |
| Depreciations and reductions in value | 7 310 € | -8 167 € | -9 646 € |
| Other operating expenses | 218 t€ | -178 t€ | -181 t€ |
| Operating profit (loss) | 100 t€ | 5 439 € | 37 t€ |
| Financial income and expenses + (-) | 25 t€ | -34 t€ | -39 t€ |
| Profit (loss) before appropriations and taxes | 75 t€ | -29 t€ | -2 202 € |
| Income taxes | 9 942 € | 0 € | – |
| Profit (loss) for the financial year | 65 t€ | -29 t€ | -2 202 € |
| Non-current assets | 107 t€ | 114 t€ | 122 t€ |
| Stocks | 701 t€ | 612 t€ | 712 t€ |
| Receivables | 100 t€ | 108 t€ | 34 t€ |
| Cash in hand and at banks | 2 506 € | 6 179 € | 2 872 € |
| Current assets | 804 t€ | 726 t€ | 749 t€ |
| Assets | 911 t€ | 841 t€ | 871 t€ |
| Share capital or other similar capital | 34 t€ | 34 t€ | 34 t€ |
| Capital and reserves | 303 t€ | 238 t€ | 267 t€ |
| Long-term liabilities | 339 t€ | 396 t€ | 351 t€ |
| Short-term liabilities | 269 t€ | 206 t€ | 253 t€ |
| Liabilities | 608 t€ | 603 t€ | 604 t€ |
| Shares and similar rights of ownership in subsidiaries | 9 082 € | 9 082 € | 0 € |
| Other social security expenses | 7 523 € | -2 398 € | -12 t€ |
| Other interest and financial income from non-group companies | 46 € | 307 € | 35 € |
| Short-term accrued expenses and deferred income | 50 t€ | 38 t€ | 31 t€ |
| Tangible assets | 96 t€ | 103 t€ | 111 t€ |
| Finished products | 422 t€ | 381 t€ | 409 t€ |
| Pension expenses | 49 t€ | -30 t€ | -24 t€ |
| Short-term liabilities to credit institutions | 60 t€ | 60 t€ | 100 t€ |
| Other long-term receivables | 1 380 € | 1 380 € | 1 380 € |
| Land and water areas, Rental rights | 11 t€ | 11 t€ | 11 t€ |
| Inventory increase (+) or decrease (-) | -48 t€ | -71 t€ | 175 € |
| Long-term liabilities to credit institutions | 310 t€ | 368 t€ | 316 t€ |
| Liabilities | 911 t€ | 841 t€ | 871 t€ |
| Machinery and equipment | 3 562 € | 4 749 € | 5 572 € |
| Work in progress | 280 t€ | 232 t€ | 303 t€ |
| Short-term loan receivables | – | 0 € | 4 974 € |
| Services purchased | 14 t€ | -6 045 € | -13 t€ |
| Wages and salaries | 248 t€ | -167 t€ | -179 t€ |
| Buildings and structures, Owned | 81 t€ | 87 t€ | 94 t€ |
| Retained earnings | 204 t€ | 233 t€ | 235 t€ |
| Other short-term receivables | 8 567 € | 1 289 € | 0 € |
| Short-term prepayments and accrued income | 13 t€ | 4 054 € | 2 209 € |
| Purchases during the financial year | 325 t€ | -201 t€ | -187 t€ |
| Long-term receivables | 1 380 € | 1 380 € | 1 380 € |
| Change in stocks of products + (-) | 41 t€ | -29 t€ | 6 894 € |
| Investments | 11 t€ | 11 t€ | 11 t€ |
| Short-term sales receivables | 77 t€ | 101 t€ | 25 t€ |
| Other shares and similar rights of ownership | 2 000 € | 2 000 € | 11 t€ |
| Short-term advances received | 0 € | 100 € | 0 € |
| Profit (loss) for the period, equity | 65 t€ | -29 t€ | -2 202 € |
| Other current liabilities | 45 t€ | 37 t€ | 41 t€ |
| Interest expenses and other financial expenses for non-Group companies | 25 t€ | -35 t€ | -38 t€ |
| Long-term liabilities to Group companies | 29 t€ | 28 t€ | 35 t€ |
| Income from other investments under non-current assets, from other companies | 300 € | 400 € | -945 € |
| Short-term accounts payable | 114 t€ | 71 t€ | 81 t€ |
| Depreciations according to plan | 7 310 € | -8 167 € | -9 646 € |
| Short-term receivables | 99 t€ | 107 t€ | 33 t€ |
From financial statements filed digitally (XBRL) with the Finnish Patent and Registration Office; ratios calculated from them. Equity ratio = (equity + accumulated appropriations) / (balance sheet total − advances received).
Taxes
Taxable income is the profit as calculated for taxation, not revenue. Public data from the Finnish Tax Administration; figures for 2025 are published in November 2026.
Sales to public buyers
Largest buyers
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