Assets

Finnair's long-term assets, comprising fleet and other fixed assets, demonstrate a stable trend, with a slight decrease in total value between 2025 and 2026. This stability is a positive indicator of the company's ability to maintain its asset base, despite fluctuations in the market. However, the company's short-term assets, including cash and cash equivalents, exhibit a more volatile trend, with a significant increase in 2026, suggesting a potential shift in the company's liquidity management strategy.

Inventory

The realised value for Q2 2026 is 96.4 million Euros and the predicted value for Q2 2027 (e) is 100.5 million Euros. The inventory is expected to increase by 4.1 million Euros, which is a 4.2% change from Q2 2026 to Q2 2027 (e). The inventory is expected to increase by 15.1 million Euros from 2025 to 2026, representing a 16.9% change. From 2026 to 2027, the inventory is predicted to increase by 0.2 million Euros, a 0.2% change. The year-end inventory values for 2025, 2026, and 2027 are 89.1, 104.2, and 104.4 million Euros, respectively.

Account Receivables

The accounts receivable for Q2 2026 is 192.9 million Euros, and for Q2 2027 (e) it is 186.2 million Euros. The expected change in one year is a decrease of 6.7 million Euros, which is a 3.5% decrease from the realised value in Q2 2026. The Accounts receivable is expected to increase by 28.5 million Euros from 2025 to 2026, which is a 18.4% change. From 2026 to 2027, the Accounts receivable is expected to increase by 2.1 million Euros, which is a 1.1% change. The year-end values for Accounts receivable are 155.7 million Euros in 2025, 184.2 million Euros in 2026, and 186.3 million Euros in 2027.

The realised value for Q2 2026 is 685 million Euros, while the predicted value for Q2 2027 (e) is 1265.8 million Euros. The predicted value for Q2 2027 (e) is an increase of 485.8 million Euros from the realised value for Q2 2026, which translates to a percentage increase of approximately 70.8%. The cash value for 2025 is 826.7 million Euros. The cash value is expected to increase by 55.7 million Euros from 2025 to 2026, which is a 6.7% increase. From 2026 to 2027, the cash value is expected to increase by 665.0 million Euros, which is a 75.4% increase.

Shareholders Equity

The Company's Shareholders Equity has demonstrated a notable increase, primarily driven by the substantial growth in retained earnings, which is a direct result of the significant improvement in operating performance and the effective management of hedging instruments. This upward trend is also influenced by the Company's prudent capital management, as evident from the relatively stable share capital and other restricted funds. Overall, the Shareholders Equity has become a key driver of the Company's financial stability and flexibility, enabling it to navigate potential market fluctuations and capitalize on future growth opportunities.

The equity value for Q2 2026 is 810 million Euros, and the predicted equity value for Q2 2027 (e) is 1157.5 million Euros. The expected change in equity value from Q2 2026 to Q2 2027 (e) is 347.5 million Euros, which represents a 43% increase. The equity is expected to increase by 373.8 million Euros from 2025 to 2026, which is a 58.7% change. From 2026 to 2027, the equity is expected to increase by 362.5 million Euros, representing a 36.1% change. The year-end values for Equity are 636.7 million Euros in 2025, 1009.5 million Euros in 2026, and 1372.0 million Euros in 2027.

*Future dividents are not included in prediction

Debt

Finnair's long-term debt appears to be well-managed, with a significant portion of it being comprised of lease liabilities, which are likely to be more stable and predictable compared to traditional debt. However, the company's reliance on short-term debt, particularly in the form of cash and cash equivalents, may indicate a need for more effective cash flow management and potentially a more diversified funding structure. Furthermore, the improvement in the equity ratio and decline in gearing ratio suggest a strengthening of Finnair's capital structure, which is a positive development for the company's long-term financial health.

Account Payables

The realised value of Accounts payables in Q2 2026 is 122.0 million Euros, while the predicted value for Q2 2027 (e) is 116.5 million Euros. The expected change in one year is a decrease of 5.5 million Euros, which translates to a percentage decrease of approximately 4.5%. The accounts payables for 2025 is 87.6 million Euros. The accounts payables are expected to increase by 34.6 million Euros from 2025 to 2026, which is a 39.5% increase. From 2026 to 2027, the accounts payables are expected to decrease by 10 million Euros, which is a 8.2% decrease.

Net Debt

The Net Debt in Q2 2026 is 467.6 million Euros. The predicted Net Debt in Q2 2027 (e) is -113.2 million Euros, indicating a significant change. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is an increase of 580.8 million Euros. This represents a 124% change from the Q2 2026 value. The Net Debt is expected to decrease by 470.1 million Euros from 2025 to 2026, which is a 63.5% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 564.9 million Euros, which is a 208.8% decrease. The year-end Net Debt values are 740.3 million Euros in 2025, 270.2 million Euros in 2026, and -394.7 million Euros in 2027.