Income Statement

Tulikivi's revenue has experienced a decline in the last quarter, with net sales decreasing to EUR 7.2 million compared to EUR 8.5 million in the same period last year. This downturn can be attributed to low volumes in the market, which has resulted in a decrease in demand for Tulikivi's products. Despite this, the company has continued to invest in strategic projects, such as the Suomussalmi talc project, which is expected to drive growth in the future. The company's management has expressed confidence in the long-term prospects of the business, citing the expected increase in net sales and improvement in comparable operating profit in 2026. However, the company's revenue growth is likely to be impacted by economic uncertainties and high inflation in the principal market areas, which may affect consumer confidence and demand for Tulikivi's products.

The realised revenue for Q2 2026 is 7.2 million Euros, and the predicted revenue for Q2 2027 (e) is 7.3 million Euros. The revenue is expected to increase by 0.1 million Euros, which is a 1.39% change from Q2 2026 to Q2 2027 (e). The revenue is expected to decrease by 4.5 million Euros from 2025 to 2026, which is a 15.2% change. From 2026 to 2027, the revenue is expected to decrease by 0.7 million Euros, which is a 2.8% change. The annual revenue values are 29.4 million Euros in 2025, 25.9 million Euros in 2026, and 25.2 million Euros in 2027.

Tulikivi's EBIT profitability has been impacted by the company's strategic investments in new product development and market expansion, which have resulted in increased costs and reduced profitability in the short term. Despite these challenges, the company's management is optimistic about the long-term potential of these initiatives, citing the progress made in the Suomussalmi talc project as a key driver of future growth. However, the uncertainty in the fireplace market has also had a negative impact on Tulikivi's operating profit, highlighting the need for the company to adapt to changing market conditions. The company's decision to continue investing in strategic projects despite market uncertainty suggests a commitment to long-term growth and a willingness to take calculated risks. Overall, Tulikivi's EBIT profitability is expected to improve in the future as the company's investments begin to bear fruit and the market environment stabilizes.

The realised Ebit for Q2 2026 is -0.4 million Euros, and the predicted Ebit for Q2 2027 (e) is 0.2 million Euros. The expected change in Ebit from Q2 2026 to Q2 2027 (e) is an increase of 0.6 million Euros, which represents a 150% change. The expected change in Ebit from 2025 to 2026 is a decrease of 1.6 million Euros, which is a 320% increase in the negative direction. From 2026 to 2027, the expected change is a decrease of 1.5 million Euros, which is a 71% increase in the negative direction. The annual Ebit values are -0.5 million Euros in 2025, -2.1 million Euros in 2026, and -0.6 million Euros in 2027.

The realised profit before tax in Q2 2026 is -0.6 million Euros, while the predicted profit before tax in Q2 2027 (e) is 0.2 million Euros. The expected change in profit before tax from Q2 2026 to Q2 2027 (e) is an increase of 0.8 million Euros, which represents a 133.33% change. The change in Profit before tax from 2025 to 2026 is an increase of 1.2 million Euros, which is a 92.3% increase. The change from 2026 to 2027 is a decrease of 1.9 million Euros, which is a 76% decrease. The annual values for Profit before tax are -1.3 million Euros in 2025, -2.5 million Euros in 2026, and -0.6 million Euros in 2027.

The realised profit for Q2 2026 is -0.5 million Euros, while the predicted profit for Q2 2027 (e) is 0.2 million Euros. The expected change in profit from Q2 2026 to Q2 2027 (e) is an increase of 0.7 million Euros, which represents a 140% change. The expected change in profit from 2025 to 2026 is a decrease of 1.1 million Euros, representing a 91.7% increase in the rate of decline. From 2026 to 2027, the expected change is a decrease of 1.8 million Euros, representing a 78.3% increase in the rate of decline. The annual profit values are -1.2 million Euros in 2025, -2.3 million Euros in 2026, and -0.5 million Euros in 2027.