Metso Oyj reported solid fourth quarter results on Thursday, with sales growing 11% year-over-year to EUR 1.443 billion, exceeding analyst expectations by 4%. The Finnish mining and aggregates equipment manufacturer posted adjusted EBITA of EUR 232 million, in line with consensus estimates, representing a margin of 16.1%.

Equipment sales drove the growth, rising 23% in Aggregates and 27% in Minerals segments. However, investors sent shares down 3.7% as order intake grew only 2% year-over-year to EUR 1.501 billion, falling short of expectations. The company's book-to-bill ratio for Minerals was 1.07x, which analysts considered decent compared to industry peers.

For the full year 2025, Metso reported a 4% increase in orders to EUR 5.471 billion and a 4% rise in sales to EUR 5.240 billion. Annual adjusted EBITA was EUR 829 million with a margin of 15.8%, compared to 16.5% in 2024. Cash flow from operations improved significantly to EUR 974 million from EUR 576 million in the previous year. The board has proposed a dividend of EUR 0.40 per share for 2025, up from EUR 0.38 in the previous year.