Napapiiri Express Oy is a limited company based in Rovaniemi, registered in 1982. In the financial year ending 31.12.2025, revenue was 6,3 M€ and operating profit -271 t€; equity ratio -53.6 %. Its taxable income in 2024 was 70 t€ and its income taxes 14 t€. Public buyers bought 41 t€ from it in 2022–2026; the largest buyer is Kansallisarkisto (Opetus- ja kulttuuriministeriön hallinnonala).
Revenue 20256,3 M€-0 % on the previous year
Operating profit-271 t€-4,3 % of revenue
Net profit-290 t€EBITDA -350 t€
Equity ratio-53,6 %quick ratio 0,56
Taxable income 202470 t€
upper half of its industry
Income taxes 202414 t€14 t€ in 2020–2024
In business44 yrsregistered 19.8.1982
Sales to public buyers41 t€2022–2026
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 6,3 M€ | 6,3 M€ | 5,7 M€ | 5,8 M€ | 4,5 M€ |
| Revenue change | -0,5 % | 10,5 % | -0,6 % | 27,5 % | – |
| EBITDA | -350 t€ | 499 t€ | 249 t€ | 699 t€ | 95 t€ |
| EBITDA % | -5,6 % | 7,9 % | 4,3 % | 12,1 % | 2,1 % |
| Operating profit | -271 t€ | 432 t€ | 192 t€ | 633 t€ | 14 t€ |
| Operating margin | -4,3 % | 6,8 % | 3,3 % | 11,0 % | 0,3 % |
| Net profit | -290 t€ | 332 t€ | 141 t€ | 552 t€ | -31 t€ |
| Personnel costs | -3,2 M€ | 2,8 M€ | 2,7 M€ | 2,4 M€ | 2,1 M€ |
| Equity ratio | -53,6 % | -32,7 % | -64,6 % | -73,6 % | -119,8 % |
| Quick ratio | 0,56 | 0,63 | 0,54 | 0,52 | 0,36 |
| Current ratio | 0,85 | 1,01 | 0,90 | 0,85 | 0,57 |
| Debt to revenue | 33,9 % | 29,2 % | 35,0 % | 38,0 % | 60,1 % |
| Balance sheet total | 1,4 M€ | 1,4 M€ | 1,2 M€ | 1,3 M€ | 1,2 M€ |
| Equity | -746 t€ | -456 t€ | -788 t€ | -930 t€ | -1,5 M€ |
| Cash and bank | 54 t€ | 62 t€ | 59 t€ | 63 t€ | 65 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 6,3 M€ | 6,3 M€ | 5,7 M€ | 5,8 M€ | 4,5 M€ |
| Other operating income | – | – | 0 € | 5 068 € | 0 € |
| Raw materials and services | 970 t€ | -807 t€ | -765 t€ | -732 t€ | -591 t€ |
| Personnel expenses | 3,2 M€ | -2,8 M€ | -2,7 M€ | -2,4 M€ | -2,1 M€ |
| Depreciations and reductions in value | 79 t€ | -67 t€ | -58 t€ | -66 t€ | -81 t€ |
| Other operating expenses | 2,3 M€ | -2,2 M€ | -2,1 M€ | -2,0 M€ | -1,7 M€ |
| Operating profit (loss) | -271 t€ | 432 t€ | 192 t€ | 633 t€ | 14 t€ |
| Financial income and expenses + (-) | 28 t€ | -77 t€ | -50 t€ | -80 t€ | -45 t€ |
| Profit (loss) before appropriations and taxes | -298 t€ | 355 t€ | 141 t€ | 552 t€ | -31 t€ |
| Income taxes | -8 834 € | -23 t€ | 0 € | – | – |
| Profit (loss) for the financial year | -290 t€ | 332 t€ | 141 t€ | 552 t€ | -31 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 318 t€ | 318 t€ | 253 t€ | 311 t€ | 356 t€ |
| Stocks | 369 t€ | 408 t€ | 383 t€ | 365 t€ | 325 t€ |
| Receivables | 650 t€ | 607 t€ | 526 t€ | 524 t€ | 491 t€ |
| Cash in hand and at banks | 54 t€ | 62 t€ | 59 t€ | 63 t€ | 65 t€ |
| Current assets | 1,1 M€ | 1,1 M€ | 968 t€ | 952 t€ | 881 t€ |
| Assets | 1,4 M€ | 1,4 M€ | 1,2 M€ | 1,3 M€ | 1,2 M€ |
| Share capital or other similar capital | 30 t€ | 30 t€ | 30 t€ | 30 t€ | 30 t€ |
| Capital and reserves | -746 t€ | -456 t€ | -788 t€ | -930 t€ | -1,5 M€ |
| Long-term liabilities | 874 t€ | 785 t€ | 928 t€ | 1,1 M€ | 1,2 M€ |
| Short-term liabilities | 1,3 M€ | 1,1 M€ | 1,1 M€ | 1,1 M€ | 1,5 M€ |
| Liabilities | 2,1 M€ | 1,9 M€ | 2,0 M€ | 2,2 M€ | 2,7 M€ |
All financial statement items (59)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 6,3 M€ | 6,3 M€ | 5,7 M€ | 5,8 M€ | 4,5 M€ |
| Other operating income | – | – | 0 € | 5 068 € | 0 € |
| Raw materials and services | 970 t€ | -807 t€ | -765 t€ | -732 t€ | -591 t€ |
| Personnel expenses | 3,2 M€ | -2,8 M€ | -2,7 M€ | -2,4 M€ | -2,1 M€ |
| Depreciations and reductions in value | 79 t€ | -67 t€ | -58 t€ | -66 t€ | -81 t€ |
| Other operating expenses | 2,3 M€ | -2,2 M€ | -2,1 M€ | -2,0 M€ | -1,7 M€ |
| Operating profit (loss) | -271 t€ | 432 t€ | 192 t€ | 633 t€ | 14 t€ |
| Financial income and expenses + (-) | 28 t€ | -77 t€ | -50 t€ | -80 t€ | -45 t€ |
| Profit (loss) before appropriations and taxes | -298 t€ | 355 t€ | 141 t€ | 552 t€ | -31 t€ |
| Income taxes | -8 834 € | -23 t€ | 0 € | – | – |
| Profit (loss) for the financial year | -290 t€ | 332 t€ | 141 t€ | 552 t€ | -31 t€ |
| Non-current assets | 318 t€ | 318 t€ | 253 t€ | 311 t€ | 356 t€ |
| Stocks | 369 t€ | 408 t€ | 383 t€ | 365 t€ | 325 t€ |
| Receivables | 650 t€ | 607 t€ | 526 t€ | 524 t€ | 491 t€ |
| Cash in hand and at banks | 54 t€ | 62 t€ | 59 t€ | 63 t€ | 65 t€ |
| Current assets | 1,1 M€ | 1,1 M€ | 968 t€ | 952 t€ | 881 t€ |
| Assets | 1,4 M€ | 1,4 M€ | 1,2 M€ | 1,3 M€ | 1,2 M€ |
| Share capital or other similar capital | 30 t€ | 30 t€ | 30 t€ | 30 t€ | 30 t€ |
| Capital and reserves | -746 t€ | -456 t€ | -788 t€ | -930 t€ | -1,5 M€ |
| Long-term liabilities | 874 t€ | 785 t€ | 928 t€ | 1,1 M€ | 1,2 M€ |
| Short-term liabilities | 1,3 M€ | 1,1 M€ | 1,1 M€ | 1,1 M€ | 1,5 M€ |
| Liabilities | 2,1 M€ | 1,9 M€ | 2,0 M€ | 2,2 M€ | 2,7 M€ |
| Other current liabilities | 285 t€ | 222 t€ | 242 t€ | 234 t€ | 352 t€ |
| Pension expenses | 465 t€ | -399 t€ | -352 t€ | -385 t€ | -300 t€ |
| Tangible assets | 301 t€ | 298 t€ | 238 t€ | 280 t€ | 309 t€ |
| Profit (loss) for the period, equity | -290 t€ | 332 t€ | 141 t€ | 552 t€ | -31 t€ |
| Inventory increase (+) or decrease (-) | 39 t€ | 25 t€ | 18 t€ | 40 t€ | -28 t€ |
| Wages and salaries | 2,7 M€ | -2,4 M€ | -2,2 M€ | -1,9 M€ | -1,8 M€ |
| Short-term liabilities to credit institutions | 0 € | 126 t€ | 146 t€ | 146 t€ | 121 t€ |
| Long-term subordinated loans | 625 t€ | 625 t€ | 625 t€ | 625 t€ | 625 t€ |
| Buildings and structures, Owned | 2 698 € | 0 € | – | – | – |
| Intangible assets | 0 € | 2 646 € | 15 t€ | 31 t€ | 47 t€ |
| Short-term accrued expenses and deferred income | 470 t€ | 399 t€ | 447 t€ | 476 t€ | 672 t€ |
| Long-term liabilities to credit institutions | 250 t€ | 161 t€ | 303 t€ | 445 t€ | 558 t€ |
| Purchases during the financial year | 899 t€ | -806 t€ | -749 t€ | -754 t€ | -547 t€ |
| Reserve for invested non-restricted equity | 50 t€ | 50 t€ | 50 t€ | 50 t€ | 50 t€ |
| Impairment on investments for non-current assets | – | – | 0 € | -35 t€ | 0 € |
| Finished products | 369 t€ | 408 t€ | 383 t€ | 365 t€ | 325 t€ |
| Machinery and equipment | 288 t€ | 298 t€ | 238 t€ | 280 t€ | 309 t€ |
| Short-term accounts payable | 507 t€ | 318 t€ | 246 t€ | 267 t€ | 391 t€ |
| Short-term receivables | 613 t€ | 600 t€ | 526 t€ | 524 t€ | 491 t€ |
| Short-term loan receivables | 11 t€ | 0 € | 0 € | 12 t€ | 16 t€ |
| Other social security expenses | 68 t€ | -8 617 € | -84 t€ | -56 t€ | -49 t€ |
| Retained earnings | -536 t€ | -868 t€ | -1,0 M€ | -1,6 M€ | -1,5 M€ |
| Long-term loan receivables | 36 t€ | 6 686 € | 0 € | – | – |
| Short-term sales receivables | 228 t€ | 178 t€ | 166 t€ | 146 t€ | 66 t€ |
| Other shares and similar rights of ownership | 17 t€ | 17 t€ | 84 € | 84 € | 84 € |
| Services purchased | 32 t€ | -27 t€ | -34 t€ | -18 t€ | -16 t€ |
| Other interest and financial income from non-group companies | 51 € | 19 € | 6 € | 109 € | 0 € |
| Income from other investments under non-current assets, from other companies | 120 € | 0 € | 140 € | 0 € | 270 € |
| Liabilities | 1,4 M€ | 1,4 M€ | 1,2 M€ | 1,3 M€ | 1,2 M€ |
| Depreciations according to plan | 79 t€ | -67 t€ | -58 t€ | -66 t€ | -81 t€ |
| Other intangible assets | 0 € | 2 646 € | 15 t€ | 31 t€ | 47 t€ |
| Investments | 17 t€ | 17 t€ | 84 € | 84 € | 84 € |
| Long-term receivables | 36 t€ | 6 686 € | 0 € | – | – |
| Other short-term receivables | 355 t€ | 388 t€ | 345 t€ | 354 t€ | 362 t€ |
| Interest expenses and other financial expenses for non-Group companies | 28 t€ | -77 t€ | -51 t€ | -46 t€ | -45 t€ |
| Advance payments and construction in progress | 10 t€ | 0 € | – | – | – |
| Short-term prepayments and accrued income | 19 t€ | 34 t€ | 15 t€ | 12 t€ | 46 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
Measured by taxable income, Napapiiri Express Oy is in the upper half of the industry retail sale of photographic goods (6469 companies with taxable income; median 27 t€, 2,6 times the median).
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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