Polar Lights Tours Oy is a limited company based in Kittilä, registered in 1994. In the financial year ending 31.5.2025, revenue was 2,2 M€ and operating profit 656 t€; equity ratio 83.3 %. Its taxable income in 2024 was 798 t€ and its income taxes 162 t€. It holds 1 alcohol licences.
Revenue 20252,2 M€-7 % on the previous year
Operating profit656 t€30,1 % of revenue
Net profit512 t€EBITDA 790 t€
Equity ratio83,3 %quick ratio 2,72
Taxable income 2024798 t€
top 10 % of its industry
Income taxes 2024162 t€381 t€ in 2020–2024
In business32 yrsregistered 23.2.1994
Alcohol licences1latest 1.12.2020
Financials
RevenueOperating profitNet profit
| Key figures | 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 |
|---|---|---|---|---|---|
| Revenue | 2,2 M€ | 2,3 M€ | 1,6 M€ | 1,1 M€ | 179 t€ |
| Revenue change | -7,1 % | 47,4 % | 47,8 % | 500,6 % | – |
| EBITDA | 790 t€ | 882 t€ | 683 t€ | 485 t€ | 33 t€ |
| EBITDA % | 36,3 % | 37,6 % | 42,9 % | 45,1 % | 18,4 % |
| Operating profit | 656 t€ | 792 t€ | 597 t€ | 426 t€ | -28 t€ |
| Operating margin | 30,1 % | 33,8 % | 37,6 % | 39,6 % | -15,5 % |
| Net profit | 512 t€ | 633 t€ | 460 t€ | 345 t€ | -37 t€ |
| Personnel costs | 528 t€ | 509 t€ | 347 t€ | 270 t€ | 93 t€ |
| Equity ratio | 83,3 % | 84,5 % | 74,9 % | 68,7 % | 60,0 % |
| Quick ratio | 2,72 | 3,27 | 3,61 | 2,80 | 1,09 |
| Current ratio | 2,72 | 3,27 | 3,61 | 2,80 | 1,09 |
| Debt to revenue | 22,2 % | 15,7 % | 29,0 % | 40,8 % | 230,1 % |
| Return on equity | 21,2 % | 31,5 % | 33,4 % | 35,8 % | -6,0 % |
| Balance sheet total | 2,9 M€ | 2,4 M€ | 1,8 M€ | 1,4 M€ | 1,0 M€ |
| Equity | 2,4 M€ | 2,0 M€ | 1,4 M€ | 964 t€ | 619 t€ |
| Cash and bank | 944 t€ | 336 t€ | 180 t€ | 479 t€ | 55 t€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|
| Turnover | 2,2 M€ | 2,3 M€ | 1,6 M€ | 1,1 M€ | 179 t€ |
| Other operating income | 14 t€ | 51 t€ | 28 t€ | 106 t€ | 128 t€ |
| Raw materials and services | -319 t€ | -461 t€ | -218 t€ | -269 t€ | -88 t€ |
| Personnel expenses | -528 t€ | -509 t€ | -347 t€ | -270 t€ | -93 t€ |
| Depreciations and reductions in value | -134 t€ | -90 t€ | -86 t€ | -59 t€ | -61 t€ |
| Other operating expenses | -554 t€ | -542 t€ | -370 t€ | -157 t€ | -93 t€ |
| Operating profit (loss) | 656 t€ | 792 t€ | 597 t€ | 426 t€ | -28 t€ |
| Financial income and expenses + (-) | -9 094 € | 3 396 € | -14 t€ | -13 t€ | -13 t€ |
| Profit (loss) before appropriations and taxes | 647 t€ | 796 t€ | 583 t€ | 414 t€ | -40 t€ |
| Income taxes | -136 t€ | -162 t€ | -123 t€ | -68 t€ | 2 951 € |
| Profit (loss) for the financial year | 512 t€ | 633 t€ | 460 t€ | 345 t€ | -37 t€ |
Balance sheet
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 1,9 M€ | 1,6 M€ | 965 t€ | 906 t€ | 946 t€ |
| Receivables | 71 t€ | 107 t€ | 94 t€ | 18 t€ | 30 t€ |
| Cash in hand and at banks | 944 t€ | 336 t€ | 180 t€ | 479 t€ | 55 t€ |
| Current assets | 1,0 M€ | 761 t€ | 874 t€ | 497 t€ | 86 t€ |
| Assets | 2,9 M€ | 2,4 M€ | 1,8 M€ | 1,4 M€ | 1,0 M€ |
| Share capital or other similar capital | 8 096 € | 8 096 € | 8 096 € | 8 096 € | 8 096 € |
| Capital and reserves | 2,4 M€ | 2,0 M€ | 1,4 M€ | 964 t€ | 619 t€ |
| Long-term liabilities | 111 t€ | 137 t€ | 219 t€ | 261 t€ | 334 t€ |
| Short-term liabilities | 373 t€ | 232 t€ | 242 t€ | 178 t€ | 78 t€ |
| Liabilities | 484 t€ | 369 t€ | 461 t€ | 439 t€ | 412 t€ |
All financial statement items (56)
| 31.5.2025 | 31.5.2024 | 31.5.2023 | 31.5.2022 | 31.5.2021 | |
|---|---|---|---|---|---|
| Turnover | 2,2 M€ | 2,3 M€ | 1,6 M€ | 1,1 M€ | 179 t€ |
| Other operating income | 14 t€ | 51 t€ | 28 t€ | 106 t€ | 128 t€ |
| Raw materials and services | -319 t€ | -461 t€ | -218 t€ | -269 t€ | -88 t€ |
| Personnel expenses | -528 t€ | -509 t€ | -347 t€ | -270 t€ | -93 t€ |
| Depreciations and reductions in value | -134 t€ | -90 t€ | -86 t€ | -59 t€ | -61 t€ |
| Other operating expenses | -554 t€ | -542 t€ | -370 t€ | -157 t€ | -93 t€ |
| Operating profit (loss) | 656 t€ | 792 t€ | 597 t€ | 426 t€ | -28 t€ |
| Financial income and expenses + (-) | -9 094 € | 3 396 € | -14 t€ | -13 t€ | -13 t€ |
| Profit (loss) before appropriations and taxes | 647 t€ | 796 t€ | 583 t€ | 414 t€ | -40 t€ |
| Income taxes | -136 t€ | -162 t€ | -123 t€ | -68 t€ | 2 951 € |
| Profit (loss) for the financial year | 512 t€ | 633 t€ | 460 t€ | 345 t€ | -37 t€ |
| Non-current assets | 1,9 M€ | 1,6 M€ | 965 t€ | 906 t€ | 946 t€ |
| Receivables | 71 t€ | 107 t€ | 94 t€ | 18 t€ | 30 t€ |
| Cash in hand and at banks | 944 t€ | 336 t€ | 180 t€ | 479 t€ | 55 t€ |
| Current assets | 1,0 M€ | 761 t€ | 874 t€ | 497 t€ | 86 t€ |
| Assets | 2,9 M€ | 2,4 M€ | 1,8 M€ | 1,4 M€ | 1,0 M€ |
| Share capital or other similar capital | 8 096 € | 8 096 € | 8 096 € | 8 096 € | 8 096 € |
| Capital and reserves | 2,4 M€ | 2,0 M€ | 1,4 M€ | 964 t€ | 619 t€ |
| Long-term liabilities | 111 t€ | 137 t€ | 219 t€ | 261 t€ | 334 t€ |
| Short-term liabilities | 373 t€ | 232 t€ | 242 t€ | 178 t€ | 78 t€ |
| Liabilities | 484 t€ | 369 t€ | 461 t€ | 439 t€ | 412 t€ |
| Other current liabilities | 84 t€ | 25 t€ | 78 t€ | 17 t€ | 21 t€ |
| Short-term advances received | – | – | – | 0 € | 291 € |
| Other tangible assets | 975 € | 1 300 € | 1 734 € | 2 312 € | 0 € |
| Other intangible assets | 33 t€ | 0 € | – | 0 € | 13 t€ |
| Liabilities | 2,9 M€ | 2,4 M€ | 1,8 M€ | 1,4 M€ | 1,0 M€ |
| Long-term liabilities to credit institutions | 99 t€ | 115 t€ | 188 t€ | 261 t€ | 334 t€ |
| Short-term receivables | 70 t€ | 106 t€ | 93 t€ | 17 t€ | 30 t€ |
| Land and water areas, Owned | 155 t€ | 155 t€ | 155 t€ | 155 t€ | 142 t€ |
| Other short-term receivables | 20 t€ | 46 t€ | 36 t€ | 0 € | – |
| Other interest and financial income from non-group companies | 7 242 € | 21 t€ | 712 € | 11 € | 66 € |
| Long-term accounts payable | 12 t€ | 21 t€ | 30 t€ | 0 € | – |
| Machinery and equipment | 146 t€ | 138 t€ | 148 t€ | 70 t€ | 75 t€ |
| Retained earnings | 1,9 M€ | 1,4 M€ | 910 t€ | 610 t€ | 648 t€ |
| Short-term accounts payable | 110 t€ | 17 t€ | 18 t€ | 13 t€ | 5 088 € |
| Wages and salaries | -402 t€ | -358 t€ | -263 t€ | -204 t€ | -73 t€ |
| Advance payments and construction in progress | 8 622 € | 657 t€ | 0 € | – | – |
| Intangible assets | 42 t€ | 8 028 € | 8 028 € | 8 028 € | 21 t€ |
| Short-term sales receivables | 0 € | 7 679 € | 5 685 € | 0 € | 1 322 € |
| Profit (loss) for the period, equity | 512 t€ | 633 t€ | 460 t€ | 345 t€ | -37 t€ |
| Interest expenses and other financial expenses for non-Group companies | -16 t€ | -18 t€ | -15 t€ | -13 t€ | -13 t€ |
| Long-term receivables | 1 000 € | 1 000 € | 1 000 € | 1 000 € | 0 € |
| Short-term prepayments and accrued income | 50 t€ | 52 t€ | 51 t€ | 17 t€ | 29 t€ |
| Buildings and structures, Owned | 1,5 M€ | 660 t€ | 652 t€ | 670 t€ | 708 t€ |
| Pension expenses | -106 t€ | -129 t€ | -57 t€ | -42 t€ | -12 t€ |
| Other social security expenses | -20 t€ | -22 t€ | -27 t€ | -24 t€ | -8 481 € |
| Other shares and holdings | 0 € | 318 t€ | 600 t€ | 0 € | – |
| Services purchased | -246 t€ | -354 t€ | -127 t€ | -193 t€ | -27 t€ |
| Other long-term receivables | 1 000 € | 1 000 € | 1 000 € | 1 000 € | 0 € |
| Tangible assets | 1,8 M€ | 1,6 M€ | 957 t€ | 898 t€ | 924 t€ |
| Purchases during the financial year | -73 t€ | -108 t€ | -91 t€ | -76 t€ | -61 t€ |
| Shares and holdings | 0 € | 318 t€ | 600 t€ | 0 € | – |
| Short-term liabilities to credit institutions | 117 t€ | 73 t€ | 73 t€ | 73 t€ | 49 t€ |
| Depreciations according to plan | -134 t€ | -90 t€ | -86 t€ | -59 t€ | -61 t€ |
| Short-term accrued expenses and deferred income | 62 t€ | 117 t€ | 73 t€ | 75 t€ | 3 005 € |
| Intangible rights | 8 028 € | 8 028 € | 8 028 € | 8 028 € | 8 028 € |
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, Polar Lights Tours Oy is in the top 10 % of the industry class other reservation service and related activities (374 companies with taxable income; median 17 t€, 46 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.
Alcohol licences
- KammiMuoniontie 955Anniskelu
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