UPM paid approximately €66 million in corporate income tax in Finland in 2025 (2024: €85 million). This amount consists of corporate taxes paid by the parent company UPM-Kymmene Corporation and its subsidiaries registered in Finland. The most significant subsidiaries in 2025 from a taxation standpoint were UPM Communication Papers Oy, UPM Specialty Papers Oy, UPM Raflatac Oy, UPM Plywood Oy*, and UPM Energy Oy.
Corporate taxes are part of UPM's considerable economic footprint. In total, the company paid approximately €532 million in various taxes and fees on its Finnish operations in 2025. In addition to corporate, property, and energy taxes, other significant tax items included income taxes and social security contributions paid on employees' salaries, as well as taxes on wood purchases and dividends.
UPM Adhesive Materials lab in Tampere, Finland.
UPM paid approximately €417 million in salaries in Finland last year. At the end of 2025, the company had 5,866 employees in Finland and also indirectly employed many thousands more through approximately 2,400 goods and service suppliers. UPM purchased wood in Finland for approximately €1.05 billion.
During 2025, shareholders were paid dividends of approximately €800 million based on the previous financial year's results. More than one third of this amount, paid in two instalments, was distributed to shareholders in Finland.
A global company also has a local impact. The EU Eco-Management and Audit Scheme (EMAS) reports detailing the significant regional economic impact of UPM's mills on employment, taxes, and purchasing power have been updated with figures for 2025. The reports also contain information on the environmental and responsibility work carried out by the mills. The updated EMAS reports are available on UPM's website.
*UPM Plywood Oy was demerged into an independent listed company, WISA Group, on October 31, 2026.
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UPM is a material solutions company, renewing products and entire value chains with an extensive portfolio of renewable fibres, advanced materials, decarbonization solutions, and communication papers. Our performance in sustainability has been recognized by third parties, including EcoVadis and the Dow Jones Sustainability Indices. We operate globally and employ approximately 15,800 people worldwide, with annual sales of approximately €10.3 billion. Our shares are listed on Nasdaq Helsinki Ltd.
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