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Puffinus Oy

Limited company. Research and experimental development on natural sciences and engineering.

Puffinus Oy is a limited company based in Turku, registered in 2023. In the financial year ending 31.3.2026, revenue was 233 t€ and operating profit 118 t€; equity ratio 92.7 %. Its taxable income in 2024 was 100 t€ and its income taxes 20 t€.

Revenue 2026233 t€+23 % on the previous year
Operating profit118 t€50,5 % of revenue
Net profit94 t€EBITDA 109 t€
Equity ratio92,7 %quick ratio 11,94
Taxable income 2024100 t€ upper half of its industry
Income taxes 202420 t€20 t€ in 2024–2024
In business3 yrsregistered 6.3.2023

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Financials

158 t€190 t€233 t€233 t€100 t€71 t€118 t€79 t€57 t€94 t€2024-032025-032026-03
RevenueOperating profitNet profit
Key figures31.3.202631.3.202531.3.2024
Revenue233 t€190 t€158 t€
Revenue change22,6 %20,0 %–
EBITDA109 t€80 t€101 t€
EBITDA %46,6 %42,3 %63,4 %
Operating profit118 t€71 t€100 t€
Operating margin50,5 %37,4 %63,2 %
Net profit94 t€57 t€79 t€
Personnel costs-45 t€82 t€40 t€
Equity ratio92,7 %89,5 %96,4 %
Quick ratio11,947,5227,45
Current ratio11,947,5227,45
Debt to revenue7,2 %8,0 %1,9 %
Return on equity44,1 %43,7 %100,0 %
Balance sheet total230 t€145 t€82 t€
Equity214 t€129 t€79 t€
Cash and bank155 t€87 t€67 t€

Balance sheet

82 t€145 t€230 t€230 t€79 t€129 t€214 t€67 t€87 t€155 t€2024-032025-032026-03
Balance sheet totalEquityCash
Income statement and balance sheet

Income statement

31.3.202631.3.202531.3.2024
Turnover233 t€190 t€158 t€
Raw materials and services46 t€-9 644 €-1 284 €
Personnel expenses45 t€-82 t€-40 t€
Depreciations and reductions in value9 088 €-9 444 €-412 €
Other operating expenses15 t€-18 t€-17 t€
Operating profit (loss)118 t€71 t€100 t€
Financial income and expenses + (-)-48 €-50 €-699 €
Profit (loss) before appropriations and taxes118 t€71 t€99 t€
Income taxes24 t€-14 t€-20 t€
Profit (loss) for the financial year94 t€57 t€79 t€

Balance sheet

31.3.202631.3.202531.3.2024
Non-current assets29 t€30 t€1 236 €
Receivables47 t€27 t€14 t€
Cash in hand and at banks155 t€87 t€67 t€
Current assets201 t€114 t€81 t€
Assets230 t€145 t€82 t€
Capital and reserves214 t€129 t€79 t€
Short-term liabilities17 t€15 t€2 948 €
Liabilities17 t€15 t€2 948 €
All financial statement items (39)
31.3.202631.3.202531.3.2024
Turnover233 t€190 t€158 t€
Raw materials and services46 t€-9 644 €-1 284 €
Personnel expenses45 t€-82 t€-40 t€
Depreciations and reductions in value9 088 €-9 444 €-412 €
Other operating expenses15 t€-18 t€-17 t€
Operating profit (loss)118 t€71 t€100 t€
Financial income and expenses + (-)-48 €-50 €-699 €
Profit (loss) before appropriations and taxes118 t€71 t€99 t€
Income taxes24 t€-14 t€-20 t€
Profit (loss) for the financial year94 t€57 t€79 t€
Non-current assets29 t€30 t€1 236 €
Receivables47 t€27 t€14 t€
Cash in hand and at banks155 t€87 t€67 t€
Current assets201 t€114 t€81 t€
Assets230 t€145 t€82 t€
Capital and reserves214 t€129 t€79 t€
Short-term liabilities17 t€15 t€2 948 €
Liabilities17 t€15 t€2 948 €
Other short-term receivables2 608 €477 €160 €
Other current liabilities13 t€15 t€680 €
Retained earnings119 t€73 t€0 €
Short-term prepayments and accrued income1 594 €6 591 €2 672 €
Short-term accounts payable231 €279 €311 €
Short-term sales receivables42 t€20 t€11 t€
Purchases during the financial year46 t€-9 644 €-880 €
Profit (loss) for the period, equity94 t€57 t€79 t€
Short-term receivables47 t€27 t€14 t€
Interest expenses and other financial expenses for non-Group companies16 €-55 €-700 €
Tangible assets29 t€30 t€1 236 €
Wages and salaries36 t€-72 t€-31 t€
Short-term accrued expenses and deferred income3 335 €0 €1 957 €
Liabilities230 t€145 t€82 t€
Other interest and financial income from non-group companies64 €5 €1 €
Other social security expenses1 599 €-1 973 €-1 016 €
Other tangible assets1 930 €1 930 €0 €
Machinery and equipment27 t€28 t€1 236 €
Depreciations according to plan9 088 €-9 444 €-412 €
Services purchased–0 €-403 €
Pension expenses7 109 €-8 129 €-8 088 €

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, Puffinus Oy is in the upper half of the industry class research and experimental development on natural sciences and engineering (326 companies with taxable income; median 34 t€, 3,0 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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