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Jannen Lohi Oy

Limited company. Marine aquaculture.

Jannen Lohi Oy is a limited company based in Kustavi, registered in 1989. In the financial year ending 31.12.2025, revenue was 1,6 M€ and operating profit 297 t€; equity ratio 72.0 %. Its taxable income in 2024 was 256 t€ and its income taxes 52 t€. Public buyers bought 645 € from it in 2023–2026; the largest buyer is Luonnonvarakeskus (Maa- ja metsätalousministeriön hallinnonala).

Revenue 20251,6 M€+12 % on the previous year
Operating profit297 t€18,7 % of revenue
Net profit219 t€EBITDA 171 t€
Equity ratio72,0 %quick ratio 3,25
Taxable income 2024256 t€ top 10 % of its industry
Income taxes 202452 t€153 t€ in 2020–2024
In business37 yrsregistered 22.3.1989
Sales to public buyers645 €2023–2026

Financials

857 t€1,3 M€1,9 M€1,6 M€1,4 M€1,6 M€1,6 M€107 t€488 t€683 t€415 t€297 t€297 t€77 t€462 t€630 t€327 t€204 t€219 t€202020212022202320242025
RevenueOperating profitNet profit
Key figures31.12.202531.12.202431.12.202331.12.202231.12.202131.12.2020
Revenue1,6 M€1,4 M€1,6 M€1,9 M€1,3 M€857 t€
Revenue change11,7 %-10,1 %-18,2 %45,5 %55,2 %–
EBITDA171 t€393 t€501 t€774 t€532 t€151 t€
EBITDA %10,8 %27,6 %31,6 %40,0 %40,0 %17,6 %
Operating profit297 t€297 t€415 t€683 t€488 t€107 t€
Operating margin18,7 %20,8 %26,2 %35,3 %36,7 %12,5 %
Net profit219 t€204 t€327 t€630 t€462 t€77 t€
Personnel costs-184 t€110 t€158 t€219 t€103 t€75 t€
Equity ratio72,0 %58,0 %66,9 %53,7 %19,7 %-39,2 %
Quick ratio3,252,123,451,971,320,52
Current ratio4,442,864,422,532,041,11
Debt to revenue27,7 %46,5 %35,7 %36,3 %56,1 %115,8 %
Return on equity19,3 %22,2 %28,6 %77,5 %252,4 %–
Balance sheet total1,6 M€1,6 M€1,7 M€1,5 M€929 t€713 t€
Equity1,1 M€916 t€1,1 M€814 t€183 t€-279 t€
Cash and bank461 t€584 t€717 t€426 t€233 t€77 t€

Balance sheet

713 t€929 t€1,5 M€1,7 M€1,6 M€1,6 M€1,6 M€-279 t€183 t€814 t€1,1 M€916 t€1,1 M€77 t€233 t€426 t€717 t€584 t€461 t€202020212022202320242025
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.12.202531.12.202431.12.202331.12.202231.12.202131.12.2020
Turnover1,6 M€1,4 M€1,6 M€1,9 M€1,3 M€857 t€
Other operating income3 250 €2 600 €36 t€1 003 €450 €5 650 €
Raw materials and services731 t€-709 t€-761 t€-774 t€-575 t€-525 t€
Personnel expenses184 t€-110 t€-158 t€-219 t€-103 t€-75 t€
Depreciations and reductions in value126 t€-97 t€-86 t€-91 t€-44 t€-44 t€
Other operating expenses256 t€-213 t€-199 t€-169 t€-120 t€-111 t€
Operating profit (loss)297 t€297 t€415 t€683 t€488 t€107 t€
Financial income and expenses + (-)23 t€-42 t€-16 t€-25 t€-26 t€-30 t€
Profit (loss) before appropriations and taxes273 t€255 t€399 t€658 t€462 t€77 t€
Income taxes55 t€-51 t€-72 t€-28 t€0 €–
Profit (loss) for the financial year219 t€204 t€327 t€630 t€462 t€77 t€

Balance sheet

31.12.202531.12.202431.12.202331.12.202231.12.202131.12.2020
Non-current assets553 t€487 t€397 t€423 t€234 t€211 t€
Stocks274 t€282 t€287 t€238 t€244 t€268 t€
Receivables261 t€225 t€304 t€428 t€218 t€157 t€
Cash in hand and at banks461 t€584 t€717 t€426 t€233 t€77 t€
Current assets1,0 M€1,1 M€1,3 M€1,1 M€695 t€502 t€
Assets1,6 M€1,6 M€1,7 M€1,5 M€929 t€713 t€
Share capital or other similar capital10 t€10 t€10 t€10 t€10 t€10 t€
Capital and reserves1,1 M€916 t€1,1 M€814 t€183 t€-279 t€
Long-term liabilities210 t€280 t€270 t€270 t€404 t€539 t€
Short-term liabilities230 t€382 t€296 t€433 t€341 t€453 t€
Liabilities440 t€662 t€565 t€702 t€745 t€992 t€
All financial statement items (56)
31.12.202531.12.202431.12.202331.12.202231.12.202131.12.2020
Turnover1,6 M€1,4 M€1,6 M€1,9 M€1,3 M€857 t€
Other operating income3 250 €2 600 €36 t€1 003 €450 €5 650 €
Raw materials and services731 t€-709 t€-761 t€-774 t€-575 t€-525 t€
Personnel expenses184 t€-110 t€-158 t€-219 t€-103 t€-75 t€
Depreciations and reductions in value126 t€-97 t€-86 t€-91 t€-44 t€-44 t€
Other operating expenses256 t€-213 t€-199 t€-169 t€-120 t€-111 t€
Operating profit (loss)297 t€297 t€415 t€683 t€488 t€107 t€
Financial income and expenses + (-)23 t€-42 t€-16 t€-25 t€-26 t€-30 t€
Profit (loss) before appropriations and taxes273 t€255 t€399 t€658 t€462 t€77 t€
Income taxes55 t€-51 t€-72 t€-28 t€0 €–
Profit (loss) for the financial year219 t€204 t€327 t€630 t€462 t€77 t€
Non-current assets553 t€487 t€397 t€423 t€234 t€211 t€
Stocks274 t€282 t€287 t€238 t€244 t€268 t€
Receivables261 t€225 t€304 t€428 t€218 t€157 t€
Cash in hand and at banks461 t€584 t€717 t€426 t€233 t€77 t€
Current assets1,0 M€1,1 M€1,3 M€1,1 M€695 t€502 t€
Assets1,6 M€1,6 M€1,7 M€1,5 M€929 t€713 t€
Share capital or other similar capital10 t€10 t€10 t€10 t€10 t€10 t€
Capital and reserves1,1 M€916 t€1,1 M€814 t€183 t€-279 t€
Long-term liabilities210 t€280 t€270 t€270 t€404 t€539 t€
Short-term liabilities230 t€382 t€296 t€433 t€341 t€453 t€
Liabilities440 t€662 t€565 t€702 t€745 t€992 t€
Retained earnings778 t€575 t€676 t€46 t€-416 t€-494 t€
Tangible assets549 t€483 t€393 t€420 t€230 t€207 t€
Short-term liabilities to credit institutions70 t€205 t€135 t€135 t€135 t€135 t€
Investments3 585 €3 585 €3 585 €3 585 €3 585 €3 585 €
Wages and salaries135 t€-95 t€-133 t€-178 t€-85 t€-63 t€
Other short-term receivables–0 €59 t€20 t€0 €–
Other shares and holdings26 t€0 €––––
Materials and supplies274 t€282 t€287 t€238 t€244 t€268 t€
Liabilities1,6 M€1,6 M€1,7 M€1,5 M€929 t€713 t€
Inventory increase (+) or decrease (-)8 148 €-5 011 €49 t€-5 240 €-25 t€6 751 €
Machinery and equipment306 t€217 t€216 t€229 t€113 t€109 t€
Services purchased1 508 €0 €0 €-392 €-488 €0 €
Short-term sales receivables242 t€219 t€239 t€406 t€218 t€157 t€
Short-term accounts payable20 t€29 t€13 t€12 t€8 765 €40 t€
Revaluation reserve127 t€127 t€127 t€127 t€127 t€127 t€
Short-term prepayments and accrued income19 t€4 977 €4 385 €1 899 €437 €0 €
Other shares and similar rights of ownership3 585 €3 585 €3 585 €3 585 €3 585 €3 585 €
Short-term accrued expenses and deferred income14 t€11 t€65 t€108 t€29 t€5 656 €
Short-term receivables261 t€225 t€304 t€428 t€218 t€157 t€
Buildings and structures, Owned241 t€263 t€174 t€187 t€118 t€98 t€
Short-term loan receivables0 €450 €1 850 €0 €––
Other current liabilities126 t€137 t€83 t€178 t€168 t€272 t€
Other social security expenses28 t€-4 762 €-2 221 €-7 729 €-2 699 €-3 036 €
Profit (loss) for the period, equity219 t€204 t€327 t€630 t€462 t€77 t€
Other interest and financial income from non-group companies3 508 €3 986 €1 913 €16 €0 €9 €
Interest expenses and other financial expenses for non-Group companies27 t€-46 t€-18 t€-25 t€-26 t€-30 t€
Other tangible assets812 €1 624 €2 435 €3 247 €0 €–
Shares and holdings26 t€0 €––––
Land and water areas, Owned1 166 €1 166 €1 166 €1 166 €0 €–
Purchases during the financial year721 t€-704 t€-810 t€-768 t€-550 t€-532 t€
Income from other investments under non-current assets, from other companies21 €21 €12 €21 €21 €21 €
Depreciations according to plan126 t€-97 t€-86 t€-91 t€-44 t€-44 t€
Long-term liabilities to credit institutions210 t€280 t€270 t€270 t€404 t€539 t€
Pension expenses20 t€-10 t€-23 t€-33 t€-15 t€-9 344 €

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

0 €0 €99 t€399 t€256 t€256 t€20202021202220232024

Measured by taxable income, Jannen Lohi Oy is in the top 10 % of the industry marine aquaculture (112 companies with taxable income; median 17 t€, 15 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

620 €25 €25 €20232026

Largest buyers

  • Luonnonvarakeskus Maa- ja metsätalousministeriön hallinnonala645 €

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