Kotkan Merityö Oy is a limited company based in Kotka, registered in 2007. In the financial year ending 31.12.2025, revenue was 3,1 M€ and operating profit 942 t€; equity ratio 52.3 %. Its taxable income in 2024 was 270 t€ and its income taxes 55 t€. Public buyers bought 30 t€ from it in 2022–2026; the largest buyer is Työllisyys, kehittämis- ja hallintokeskus (Työ- ja elinkeinoministeriön hallinnonala). It has won 2 public contracts in EU procurement notices.
Revenue 20253,1 M€+26 % on the previous year
Operating profit942 t€30,4 % of revenue
Net profit716 t€EBITDA 781 t€
Equity ratio52,3 %quick ratio 1,75
Taxable income 2024270 t€
top 10 % of its industry
Income taxes 202455 t€284 t€ in 2020–2024
In business19 yrsregistered 25.9.2007
Sales to public buyers30 t€2022–2026
Contracts won23,0 M€ in total
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|---|---|
| Revenue | 3,1 M€ | 2,5 M€ | 2,2 M€ | 1,8 M€ | 1,1 M€ |
| Revenue change | 26,3 % | 12,8 % | 20,1 % | 62,6 % | – |
| EBITDA | 781 t€ | 512 t€ | 651 t€ | 711 t€ | 364 t€ |
| EBITDA % | 25,2 % | 20,9 % | 29,9 % | 39,3 % | 32,7 % |
| Operating profit | 942 t€ | 316 t€ | 462 t€ | 414 t€ | 114 t€ |
| Operating margin | 30,4 % | 12,8 % | 21,2 % | 22,9 % | 10,2 % |
| Net profit | 716 t€ | 213 t€ | 338 t€ | 314 t€ | 77 t€ |
| Personnel costs | -646 t€ | 685 t€ | 572 t€ | 377 t€ | 243 t€ |
| Equity ratio | 52,3 % | 51,8 % | 48,8 % | 51,9 % | 42,7 % |
| Quick ratio | 1,75 | 1,46 | 1,27 | 1,29 | 0,70 |
| Current ratio | 1,75 | 1,46 | 1,27 | 1,29 | 0,70 |
| Debt to revenue | 52,3 % | 43,7 % | 49,2 % | 38,2 % | 56,5 % |
| Return on equity | 40,3 % | 18,5 % | 33,1 % | 42,1 % | 16,3 % |
| Balance sheet total | 3,4 M€ | 2,2 M€ | 2,1 M€ | 1,4 M€ | 1,1 M€ |
| Equity | 1,8 M€ | 1,2 M€ | 1,0 M€ | 746 t€ | 469 t€ |
| Cash and bank | 648 t€ | 135 t€ | 114 t€ | 120 t€ | 142 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 | 3,1 M€ | 2,5 M€ | 2,2 M€ | 1,8 M€ | 1,1 M€ |
| Other operating income | 15 t€ | 0 € | 2 787 € | 1 632 € | 0 € |
| Raw materials and services | 970 t€ | -842 t€ | -676 t€ | -579 t€ | -343 t€ |
| Personnel expenses | 646 t€ | -685 t€ | -572 t€ | -377 t€ | -243 t€ |
| Depreciations and reductions in value | 161 t€ | -197 t€ | -189 t€ | -297 t€ | -250 t€ |
| Other operating expenses | 398 t€ | -417 t€ | -281 t€ | -147 t€ | -165 t€ |
| Operating profit (loss) | 942 t€ | 316 t€ | 462 t€ | 414 t€ | 114 t€ |
| Financial income and expenses + (-) | 56 t€ | -47 t€ | -37 t€ | -19 t€ | -16 t€ |
| Profit (loss) before appropriations and taxes | 886 t€ | 269 t€ | 425 t€ | 395 t€ | 98 t€ |
| Income taxes | 171 t€ | -56 t€ | -87 t€ | -81 t€ | -21 t€ |
| Profit (loss) for the financial year | 716 t€ | 213 t€ | 338 t€ | 314 t€ | 77 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Non-current assets | 2,2 M€ | 1,5 M€ | 1,4 M€ | 950 t€ | 823 t€ |
| Receivables | 579 t€ | 593 t€ | 564 t€ | 368 t€ | 134 t€ |
| Cash in hand and at banks | 648 t€ | 135 t€ | 114 t€ | 120 t€ | 142 t€ |
| Current assets | 1,2 M€ | 728 t€ | 678 t€ | 488 t€ | 276 t€ |
| Assets | 3,4 M€ | 2,2 M€ | 2,1 M€ | 1,4 M€ | 1,1 M€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 1,8 M€ | 1,2 M€ | 1,0 M€ | 746 t€ | 469 t€ |
| Long-term liabilities | 920 t€ | 575 t€ | 537 t€ | 313 t€ | 234 t€ |
| Short-term liabilities | 702 t€ | 497 t€ | 533 t€ | 379 t€ | 396 t€ |
| Liabilities | 1,6 M€ | 1,1 M€ | 1,1 M€ | 692 t€ | 630 t€ |
All financial statement items (53)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | |
|---|---|---|---|---|---|
| Turnover | 3,1 M€ | 2,5 M€ | 2,2 M€ | 1,8 M€ | 1,1 M€ |
| Other operating income | 15 t€ | 0 € | 2 787 € | 1 632 € | 0 € |
| Raw materials and services | 970 t€ | -842 t€ | -676 t€ | -579 t€ | -343 t€ |
| Personnel expenses | 646 t€ | -685 t€ | -572 t€ | -377 t€ | -243 t€ |
| Depreciations and reductions in value | 161 t€ | -197 t€ | -189 t€ | -297 t€ | -250 t€ |
| Other operating expenses | 398 t€ | -417 t€ | -281 t€ | -147 t€ | -165 t€ |
| Operating profit (loss) | 942 t€ | 316 t€ | 462 t€ | 414 t€ | 114 t€ |
| Financial income and expenses + (-) | 56 t€ | -47 t€ | -37 t€ | -19 t€ | -16 t€ |
| Profit (loss) before appropriations and taxes | 886 t€ | 269 t€ | 425 t€ | 395 t€ | 98 t€ |
| Income taxes | 171 t€ | -56 t€ | -87 t€ | -81 t€ | -21 t€ |
| Profit (loss) for the financial year | 716 t€ | 213 t€ | 338 t€ | 314 t€ | 77 t€ |
| Non-current assets | 2,2 M€ | 1,5 M€ | 1,4 M€ | 950 t€ | 823 t€ |
| Receivables | 579 t€ | 593 t€ | 564 t€ | 368 t€ | 134 t€ |
| Cash in hand and at banks | 648 t€ | 135 t€ | 114 t€ | 120 t€ | 142 t€ |
| Current assets | 1,2 M€ | 728 t€ | 678 t€ | 488 t€ | 276 t€ |
| Assets | 3,4 M€ | 2,2 M€ | 2,1 M€ | 1,4 M€ | 1,1 M€ |
| Share capital or other similar capital | 2 500 € | 2 500 € | 2 500 € | 2 500 € | 2 500 € |
| Capital and reserves | 1,8 M€ | 1,2 M€ | 1,0 M€ | 746 t€ | 469 t€ |
| Long-term liabilities | 920 t€ | 575 t€ | 537 t€ | 313 t€ | 234 t€ |
| Short-term liabilities | 702 t€ | 497 t€ | 533 t€ | 379 t€ | 396 t€ |
| Liabilities | 1,6 M€ | 1,1 M€ | 1,1 M€ | 692 t€ | 630 t€ |
| Retained earnings | 1,1 M€ | 937 t€ | 680 t€ | 425 t€ | 386 t€ |
| Tangible assets | 2,2 M€ | 1,5 M€ | 1,4 M€ | 944 t€ | 817 t€ |
| Short-term liabilities to credit institutions | 305 t€ | 209 t€ | 204 t€ | 138 t€ | 224 t€ |
| Investments | 6 000 € | 6 000 € | 6 000 € | 6 000 € | 6 000 € |
| Reductions in value of shares and holdings in current assets | – | – | 0 € | -5 € | 0 € |
| Other short-term receivables | 196 t€ | 0 € | 2 157 € | 198 € | 11 t€ |
| Wages and salaries | 527 t€ | -555 t€ | -455 t€ | -302 t€ | -202 t€ |
| Liabilities | 3,4 M€ | 2,2 M€ | 2,1 M€ | 1,4 M€ | 1,1 M€ |
| Machinery and equipment | 1,2 M€ | 1,2 M€ | 1,1 M€ | 865 t€ | 729 t€ |
| Services purchased | 424 t€ | -215 t€ | -104 t€ | -66 t€ | -139 t€ |
| Short-term sales receivables | 367 t€ | 573 t€ | 534 t€ | 355 t€ | 74 t€ |
| Short-term accounts payable | 115 t€ | 87 t€ | 77 t€ | 62 t€ | 71 t€ |
| Land and water areas, Rental rights | 11 t€ | 13 t€ | 15 t€ | 16 t€ | 18 t€ |
| Advance payments and construction in progress | 919 t€ | 267 t€ | 260 t€ | 0 € | – |
| Short-term prepayments and accrued income | 8 911 € | 12 t€ | 20 t€ | 13 t€ | 49 t€ |
| Other shares and similar rights of ownership | 6 000 € | 6 000 € | 6 000 € | 6 000 € | 6 000 € |
| Short-term advances received | 211 € | 211 € | 211 € | 211 € | 0 € |
| Short-term accrued expenses and deferred income | 263 t€ | 107 t€ | 156 t€ | 120 t€ | 35 t€ |
| Short-term receivables | 579 t€ | 593 t€ | 564 t€ | 368 t€ | 134 t€ |
| Buildings and structures, Owned | 58 t€ | 57 t€ | 57 t€ | 63 t€ | 70 t€ |
| Short-term loan receivables | 7 004 € | 8 154 € | 7 846 € | 0 € | – |
| Other current liabilities | 20 t€ | 94 t€ | 96 t€ | 58 t€ | 65 t€ |
| Other social security expenses | 17 t€ | -24 t€ | -28 t€ | -13 t€ | -7 011 € |
| Long-term premium loans from employee pension institutions | – | -209 t€ | -204 t€ | -138 t€ | -125 t€ |
| Profit (loss) for the period, equity | 716 t€ | 213 t€ | 338 t€ | 314 t€ | 77 t€ |
| Other interest and financial income from non-group companies | 194 € | 51 € | 20 € | 12 € | 12 € |
| Interest expenses and other financial expenses for non-Group companies | 56 t€ | -47 t€ | -37 t€ | -19 t€ | -16 t€ |
| Reserve for invested non-restricted equity | – | – | 0 € | 3 852 € | 3 852 € |
| Purchases during the financial year | 545 t€ | -627 t€ | -572 t€ | -513 t€ | -204 t€ |
| Depreciations according to plan | 161 t€ | -197 t€ | -189 t€ | -297 t€ | -250 t€ |
| Long-term liabilities to credit institutions | 920 t€ | 784 t€ | 741 t€ | 451 t€ | 359 t€ |
| Pension expenses | 103 t€ | -106 t€ | -88 t€ | -62 t€ | -34 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, Kotkan Merityö Oy is in the top 10 % of the industry class other miscellaneous specialised construction activities n.e.c. (1420 companies with taxable income; median 19 t€, 14 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
Public contracts won
- Puolustuskiinteistöjen Itä-Suomen, Etelä-Suomen ja Länsi-Suomen palvelualueiden merikuljetuksetSenaatti-kiinteistöt, Puolustuskiinteistöt165 t€
- Kiinteistöjen talvikunnossapitopalvelutKotkan kaupunki2,8 M€
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