Oravi Forest Oy is a limited company based in Savonlinna, registered in 2017. In the financial year ending 31.12.2025, revenue was 3,0 M€ and operating profit 450 t€; equity ratio 49.7 %. Its taxable income in 2024 was 711 t€ and its income taxes 145 t€.
Revenue 20253,0 M€-11 % on the previous year
Operating profit450 t€14,9 % of revenue
Net profit303 t€EBITDA -212 t€
Equity ratio49,7 %quick ratio 1,31
Taxable income 2024711 t€
top 10 % of its industry
Income taxes 2024145 t€364 t€ in 2020–2024
In business9 yrsregistered 13.1.2017
Financials
RevenueOperating profitNet profit
| Key figures | 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|---|---|---|
| Revenue | 3,0 M€ | 3,4 M€ | 2,4 M€ | 2,5 M€ | 2,3 M€ | – |
| Revenue change | -11,4 % | 38,9 % | -1,5 % | 10,1 % | – | – |
| Gross profit | – | – | – | – | 1,6 M€ | 1,3 M€ |
| EBITDA | -212 t€ | 1,5 M€ | 940 t€ | 732 t€ | 649 t€ | 450 t€ |
| EBITDA % | -7,1 % | 44,5 % | 38,4 % | 29,5 % | 28,8 % | – |
| Operating profit | 450 t€ | 775 t€ | 469 t€ | 307 t€ | 323 t€ | 68 t€ |
| Operating margin | 14,9 % | 22,8 % | 19,2 % | 12,4 % | 14,3 % | – |
| Net profit | 303 t€ | 565 t€ | 341 t€ | 232 t€ | 246 t€ | 45 t€ |
| Personnel costs | -729 t€ | 757 t€ | 653 t€ | 555 t€ | 663 t€ | 531 t€ |
| Equity ratio | 49,7 % | 39,6 % | 35,2 % | 31,6 % | 23,4 % | 12,2 % |
| Quick ratio | 1,31 | 1,20 | 1,10 | 1,12 | 0,92 | 0,89 |
| Current ratio | 1,34 | 1,21 | 1,12 | 1,16 | 0,93 | 0,91 |
| Debt to revenue | 52,6 % | 61,6 % | 61,9 % | 48,3 % | 55,2 % | – |
| Return on equity | 19,4 % | 41,2 % | 41,5 % | 42,0 % | 64,7 % | 21,9 % |
| Balance sheet total | 3,1 M€ | 3,5 M€ | 2,3 M€ | 1,8 M€ | 1,6 M€ | 1,7 M€ |
| Equity | 1,6 M€ | 1,4 M€ | 822 t€ | 553 t€ | 380 t€ | 205 t€ |
| Cash and bank | 660 t€ | 720 t€ | 512 t€ | 414 t€ | 422 t€ | 352 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 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 3,0 M€ | 3,4 M€ | 2,4 M€ | 2,5 M€ | 2,3 M€ | – |
| Gross profit or loss | – | – | – | – | 1,6 M€ | 1,3 M€ |
| Other operating income | 20 t€ | 258 t€ | 269 t€ | 21 t€ | 0 € | – |
| Raw materials and services | 845 t€ | -974 t€ | -765 t€ | -834 t€ | -654 t€ | – |
| Personnel expenses | 729 t€ | -757 t€ | -653 t€ | -555 t€ | -663 t€ | -531 t€ |
| Depreciations and reductions in value | 662 t€ | -738 t€ | -471 t€ | -425 t€ | -325 t€ | -382 t€ |
| Other operating expenses | 345 t€ | -411 t€ | -356 t€ | -382 t€ | -288 t€ | -286 t€ |
| Operating profit (loss) | 450 t€ | 775 t€ | 469 t€ | 307 t€ | 323 t€ | 68 t€ |
| Financial income and expenses + (-) | 66 t€ | -69 t€ | -42 t€ | -17 t€ | -16 t€ | -12 t€ |
| Profit (loss) before appropriations and taxes | 384 t€ | 707 t€ | 427 t€ | 290 t€ | 307 t€ | 56 t€ |
| Income taxes | 81 t€ | -142 t€ | -85 t€ | -58 t€ | -61 t€ | -11 t€ |
| Profit (loss) for the financial year | 303 t€ | 565 t€ | 341 t€ | 232 t€ | 246 t€ | 45 t€ |
Balance sheet
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Non-current assets | 2,0 M€ | 2,3 M€ | 1,5 M€ | 1,0 M€ | 1,0 M€ | 1,2 M€ |
| Stocks | 21 t€ | 16 t€ | 17 t€ | 21 t€ | 8 927 € | 10 t€ |
| Receivables | 442 t€ | 474 t€ | 353 t€ | 316 t€ | 175 t€ | 144 t€ |
| Cash in hand and at banks | 660 t€ | 720 t€ | 512 t€ | 414 t€ | 422 t€ | 352 t€ |
| Current assets | 1,1 M€ | 1,2 M€ | 883 t€ | 751 t€ | 605 t€ | 506 t€ |
| Assets | 3,1 M€ | 3,5 M€ | 2,3 M€ | 1,8 M€ | 1,6 M€ | 1,7 M€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 1,6 M€ | 1,4 M€ | 822 t€ | 553 t€ | 380 t€ | 205 t€ |
| Long-term liabilities | 744 t€ | 1,1 M€ | 725 t€ | 549 t€ | 595 t€ | 923 t€ |
| Short-term liabilities | 839 t€ | 997 t€ | 790 t€ | 650 t€ | 650 t€ | 554 t€ |
| Liabilities | 1,6 M€ | 2,1 M€ | 1,5 M€ | 1,2 M€ | 1,2 M€ | 1,5 M€ |
All financial statement items (50)
| 31.12.2025 | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | |
|---|---|---|---|---|---|---|
| Turnover | 3,0 M€ | 3,4 M€ | 2,4 M€ | 2,5 M€ | 2,3 M€ | – |
| Gross profit or loss | – | – | – | – | 1,6 M€ | 1,3 M€ |
| Other operating income | 20 t€ | 258 t€ | 269 t€ | 21 t€ | 0 € | – |
| Raw materials and services | 845 t€ | -974 t€ | -765 t€ | -834 t€ | -654 t€ | – |
| Personnel expenses | 729 t€ | -757 t€ | -653 t€ | -555 t€ | -663 t€ | -531 t€ |
| Depreciations and reductions in value | 662 t€ | -738 t€ | -471 t€ | -425 t€ | -325 t€ | -382 t€ |
| Other operating expenses | 345 t€ | -411 t€ | -356 t€ | -382 t€ | -288 t€ | -286 t€ |
| Operating profit (loss) | 450 t€ | 775 t€ | 469 t€ | 307 t€ | 323 t€ | 68 t€ |
| Financial income and expenses + (-) | 66 t€ | -69 t€ | -42 t€ | -17 t€ | -16 t€ | -12 t€ |
| Profit (loss) before appropriations and taxes | 384 t€ | 707 t€ | 427 t€ | 290 t€ | 307 t€ | 56 t€ |
| Income taxes | 81 t€ | -142 t€ | -85 t€ | -58 t€ | -61 t€ | -11 t€ |
| Profit (loss) for the financial year | 303 t€ | 565 t€ | 341 t€ | 232 t€ | 246 t€ | 45 t€ |
| Non-current assets | 2,0 M€ | 2,3 M€ | 1,5 M€ | 1,0 M€ | 1,0 M€ | 1,2 M€ |
| Stocks | 21 t€ | 16 t€ | 17 t€ | 21 t€ | 8 927 € | 10 t€ |
| Receivables | 442 t€ | 474 t€ | 353 t€ | 316 t€ | 175 t€ | 144 t€ |
| Cash in hand and at banks | 660 t€ | 720 t€ | 512 t€ | 414 t€ | 422 t€ | 352 t€ |
| Current assets | 1,1 M€ | 1,2 M€ | 883 t€ | 751 t€ | 605 t€ | 506 t€ |
| Assets | 3,1 M€ | 3,5 M€ | 2,3 M€ | 1,8 M€ | 1,6 M€ | 1,7 M€ |
| Share capital or other similar capital | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ | 10 t€ |
| Capital and reserves | 1,6 M€ | 1,4 M€ | 822 t€ | 553 t€ | 380 t€ | 205 t€ |
| Long-term liabilities | 744 t€ | 1,1 M€ | 725 t€ | 549 t€ | 595 t€ | 923 t€ |
| Short-term liabilities | 839 t€ | 997 t€ | 790 t€ | 650 t€ | 650 t€ | 554 t€ |
| Liabilities | 1,6 M€ | 2,1 M€ | 1,5 M€ | 1,2 M€ | 1,2 M€ | 1,5 M€ |
| Other social security expenses | 31 t€ | -21 t€ | -32 t€ | -26 t€ | -29 t€ | -23 t€ |
| Other interest and financial income from non-group companies | 1 318 € | 604 € | 164 € | 76 € | 134 € | -35 € |
| Short-term accrued expenses and deferred income | 128 t€ | 204 t€ | 118 t€ | 66 t€ | 135 t€ | 58 t€ |
| Tangible assets | 2,0 M€ | 2,3 M€ | 1,5 M€ | 1,0 M€ | 1,0 M€ | 1,2 M€ |
| Pension expenses | 102 t€ | -110 t€ | -94 t€ | -64 t€ | -110 t€ | -65 t€ |
| Other long-term liabilities | – | 0 € | 49 t€ | 97 t€ | 145 t€ | 193 t€ |
| Short-term liabilities to credit institutions | 620 t€ | 644 t€ | 443 t€ | 413 t€ | 328 t€ | 345 t€ |
| Inventory increase (+) or decrease (-) | -4 858 € | -929 € | -3 766 € | 12 t€ | -1 073 € | – |
| Long-term liabilities to credit institutions | 744 t€ | 1,1 M€ | 676 t€ | 452 t€ | 450 t€ | 731 t€ |
| Liabilities | 3,1 M€ | 3,5 M€ | 2,3 M€ | 1,8 M€ | 1,6 M€ | 1,7 M€ |
| Machinery and equipment | 2,0 M€ | 2,2 M€ | 1,4 M€ | 954 t€ | 971 t€ | 1,1 M€ |
| Services purchased | 243 t€ | -323 t€ | -240 t€ | -167 t€ | -71 t€ | – |
| Wages and salaries | 596 t€ | -626 t€ | -527 t€ | -465 t€ | -523 t€ | -443 t€ |
| Buildings and structures, Owned | 21 t€ | 22 t€ | 23 t€ | 24 t€ | 26 t€ | 28 t€ |
| Other short-term receivables | 75 t€ | 111 t€ | 61 t€ | 0 € | – | – |
| Short-term prepayments and accrued income | 81 t€ | 8 847 € | 4 118 € | 4 671 € | 14 t€ | 42 t€ |
| Purchases during the financial year | 606 t€ | -650 t€ | -521 t€ | -679 t€ | -582 t€ | – |
| Short-term sales receivables | 286 t€ | 354 t€ | 288 t€ | 311 t€ | 160 t€ | 102 t€ |
| Profit (loss) for the period, equity | 303 t€ | 565 t€ | 341 t€ | 232 t€ | 246 t€ | 45 t€ |
| Land and water areas, Owned | 23 t€ | 23 t€ | 23 t€ | 23 t€ | 23 t€ | 9 148 € |
| Other current liabilities | 46 t€ | 109 t€ | 146 t€ | 102 t€ | 144 t€ | 123 t€ |
| Interest expenses and other financial expenses for non-Group companies | 67 t€ | -69 t€ | -42 t€ | -17 t€ | -16 t€ | -12 t€ |
| Retained earnings | 1,3 M€ | 795 t€ | 471 t€ | 311 t€ | 124 t€ | 150 t€ |
| Materials and supplies | 21 t€ | 16 t€ | 17 t€ | 21 t€ | 8 927 € | 10 t€ |
| Short-term accounts payable | 44 t€ | 40 t€ | 83 t€ | 69 t€ | 43 t€ | 28 t€ |
| Depreciations according to plan | 662 t€ | -738 t€ | -471 t€ | -425 t€ | -325 t€ | -382 t€ |
| Short-term receivables | 442 t€ | 474 t€ | 353 t€ | 316 t€ | 175 t€ | 144 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, Oravi Forest Oy is in the top 10 % of the industry class logging (777 companies with taxable income; median 49 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.
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