Explosives
FORCIT Explosives’ revenue increased during 2025 as a result of higher volumes in the mining and construction segment. The business unit continued to invest, carrying out modernisations at production plants, supporting future sustainable growth and maintaining the high technical standard of its factories, bulk fleet and other technologies.
Defence
FORCIT Defence continued on a path of strong growth, and the order backlog remained at a high level. During 2025, the focus areas were developing further existing products, increasing production capacity, securing procurement processes, and integrating the new operating model into operations to enable sustainable growth.
FORCIT Defence’s organisation was significantly strengthened by professionals from various fields. The investment pace in the Defence business was further accelerated and significant new investments into capacity and technology were announced during the year.
Consulting
FORCIT Consulting’s revenue declined due to the challenging construction market in the Nordics, especially in Sweden. Business in Finland remained at the previous year’s level and in Norway sales continued to grow as the number of projects increased. Customer satisfaction remained at a good level.
Research and development
FORCIT Defence’s R&D work focused on the continued development of new products and the improvement of existing ones. New products were launched both in the land and naval units during the year. The R&D personnel were strengthened and cooperation initiatives with new external partners initiated.
FORCIT Explosives’ development work continued with several key projects related to, among others, nitrogen-free explosive products, a new product line with lower environmental footprint, a new wireless ignition system, and the further development of the O-Pitblast software platform.
FORCIT Consulting continued development work related to a platform for handling, monitoring and utilising measurement data.
Investments
The Group’s total investments during the financial period, including M&A, amounted to EUR 66.5 million (EUR 148.3 million), and if lease financing is included, investments totalled EUR 67.6 million (EUR 149.5 million). The parent company’s investments in its own operations totalled EUR 53.0 million (EUR 140.0 million). The Group’s total investments, including leasing financed investments, corresponded to 13.6 % of the annual revenue. During the years 2024 to 2025, the Group’s total investments, including leasing financed investments, totalled EUR 217,1 million.
The most important investments, excluding M&A, were made in expanding the capacity in Defence business, as well as modernising the production plant in Vihtavuori. Investments related to the modernisation of charging and delivery processes were also carried out. At FORCIT Consulting, investments were mainly made in equipment and software for vibration and noise measurements.
Significant future investments in the Defence business were also announced during the year, including a plan to build a new TNT production plant in Finland, and to further increase capacity at current production facilities.