Ponsse and SSH Communications Security pulled in opposite directions this morning, even as the broader market moved higher. The OMX Helsinki 25 index rose 0.5 percent, but beneath the surface, investors clearly differentiated between the two annual reports published earlier today.

Forest machine maker Ponsse’s shares gained 0.8 percent to EUR 26.20 by late morning trading. Cybersecurity company SSH, by contrast, fell 8.1 percent to EUR 2.38.

Ponsse reported net sales of EUR 749.9 million for 2025, essentially flat compared with EUR 750.4 million a year earlier. Operating profit improved to EUR 41.6 million from EUR 36.8 million, lifting the margin to 5.6 percent from 4.9 percent. Net result more than doubled to EUR 30.5 million, and earnings per share rose to EUR 1.09 from EUR 0.45.

“The year 2025 continued to be marked by subdued economic conditions and persistent uncertainty throughout the period,” President and CEO Juho Nummela said. He added that “the weak business cycle in the forest industry, along with disruptions in international trade, particularly the United States’ unpredictable tariff policy, directly affected our customers’ willingness to invest.”

Order intake reached EUR 702.7 million, while order books declined to EUR 141.4 million. The board proposes a dividend of EUR 0.55 per share and expects 2026 operating profit to be on par with 2025.