Gold producer Endomines delivered the strongest year in its history, with revenue up 59 percent to EUR 45.5 million and EBITDA rising 182 percent to EUR 16.3 million. Net profit surged over 24 times to EUR 7.3 million. CEO Kari Vyhtinen said, “High gold price and strong operational performance were clearly reflected in our 2025 results.” The market response suggested caution, as investors weighed the sustainability of earnings, considering the recent pullback of gold prices below the key level of USD 5,000. The company guides for 10–20 percent higher production in 2026.
Lifting equipment maker Konecranes reported record profitability, with its comparable EBITA margin reaching an all-time high of 14.0 percent and earnings per share climbing to EUR 5.03. Still, the shares sold off sharply as sales edged lower and guidance pointed to stable rather than accelerating growth in 2026, despite a strong order book and cash flow.
Betolar was the exception. While still loss-making, it posted record order intake and progress in metal extraction technology, lifting the shares over 5 percent in the afternoon.
The broader message was clear: in a falling market, records alone are not enough.
