Annual Report

CEO’s Greetings

The past year has once again underscored the importance of stability and security in a world of constant change. While global uncertainty remains a factor, FORCIT Group has remained steadfast on its path of development and investment, guided by a clear purpose. We are not just navigating the present; we are actively building for the future.

Group financials and activities

In 2025, the financial development of the company was positive, driven mainly by strong growth in the Defence business unit. The demand for the company’s defence offering has been strong. The overall European economic development and the continued challenging Nordic construction market resulted in a demanding business environment for Explosives and especially for the Consulting business unit. The price of energy and key raw materials remained largely stable.

Business unit development

FORCIT Explosives’ increased during 2025 as a result of higher volumes in the mining and construction segment.

FORCIT Defence continued on a path of strong growth, and the order backlog remained at a high level.

FORCIT Consulting’s revenue declined due to the challenging construction market in the Nordics.

Forecasts and Predictions

In summary, the company assumes relatively stable revenues in 2026 compared to 2025. The company expects its profitability to remain strong in 2026.