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Annual Report 2025

Kemira is a global leader in sustainable chemistry for water-intensive industries. We operate globally and serve a wide range of customers including municipal and industrial water treatment companies and the fiber industry. Our solutions and services help secure clean water for millions of people every day and support our customers in advancing circularity and responsible resource use throughout their value chains.

Explore our Annual Report 2025 and discover more how we advance the power of chemistry, creating solutions that preserve natural resources and support areas around the world. Rooted in our values and driven by innovation, we help ensure clean water and enable a more circular economy.

Kemira’s Annual Report 2025

Kemira’s Annual Report 2025 was published on February 20, 2026.

The report consists of three modules: Annual Review, Governance Review and Financial Statements. The Governance Review includes the Corporate Governance Statement and the Remuneration Report, and the Financial Statements consists of the Board of Directors’ report, including the Sustainability Statement compiled in accordance with the European Sustainability Reporting Standards (ESRS), and the Financial Statements. The Governance Review and the Financial Statements are available in English and Finnish, the Annual Review only in English.

Kemira Annual Report 2025 (all modules)
Kemira Annual Review 2025

Kemira Governance Review 2025
Kemira Financial Statements 2025
Kemira Financial Statements (full official) 2025
Auditor’s Report 2025
Kemira ESEF Financial Statements 2025 (zip file)
Kemira Sustainability Statement 2025
Kemira Tax Footprint Report 2025

Kemira continues to compile a Global Reporting Initiative (GRI) index to enhance visibility and, interests and needs of stakeholders.
Kemira GRI Index 2025

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Annual Report 2025

Antti Salminen,
President and CEO

In 2025, Kemira demonstrated resilience and continued to execute its growth strategy. The year was marked by geopolitical and trade policy developments that contributed to broader economic uncertainty. The challenging market
environment particularly impacted the demand in Packaging & Hygiene Solutions and Fiber Essentials. Water Solutions continued to be our strong backbone with stable demand in the Urban Water business.

 

Read the CEO’s Business Review 2025

Kemira in 2025

OPERATIVE EBITDA FY 2025:

19.1%

FY2024: 19.9%

REVENUE FY 2025:

€2.8 B

FY2024: EUR 2.9 BILLION

Global impact

21Bm3

of water treated, reused and recycled with the help of Kemira chemistry, which is comparable to the annual water consumption of approximately 370 million people

enabling resource efficiency

64%

of our products improve customer resource efficiency

Low-carbon energy

78%

of global energy use is low-carbon

Raw Material in Transition

55%

of used raw materials are renewable or recycled

Key highlights

Water remains at the core of Kemira’s strategy. Over the long term, we aim to double our water related revenue through organic expansion and targeted acquisitions.
What were the highlights for 2025?

Read more from the Annual Review

Kemira acquired Water Engineering, Inc., a US-based water treatment services company. This expanded Water Solutions’ business into industrial services. The deal strengthened Kemira’s expertise in boiler, cooling, and wastewater treatment, creating a platform for growth in a fast-expanding market.

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Kemira will invest in a new activated carbon reactivation plant at its Helsingborg, Sweden site. The project strengthens Kemira’s water treatment offering in the Nordics and supports activated carbon, used in the removal of micropollutants such as PFAS, as a key strategic growth area.

Read more

Kemira has partnered with CuspAI to integrate advanced AI into materials innovation, accelerating discovery from years to months. The first project targets PFAS removal, driving sustainable water solutions.

Read more

Kemira and Bluepha have entered a three-year strategic partnership to advance large-scale use of PHA-based barrier coatings for paper, board, and molded fiber. This collaboration aims to deliver fully biobased, recyclable, and biodegradable solutions, reducing plastic waste, and supporting the transition to sustainable packaging across APAC markets.

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Kemira has secured U.S. EPA registration for the key ingredient in KemConnect™ DEX, a chlorine-free, performic acid-based water treatment solution. Already proven in Europe, including for the 2024 Paris Olympics, DEX combines chemistry and digital intelligence to deliver sustainable, real-time water treatment.

Read more

Kemira has launched the Water Index 2025, ranking 10 European countries and 10 US states on water resilience using 21 metrics. The report calls for urgent action to strengthen water security amid climate pressures.

Read more

Sustainability at Kemira

Sustainability
– part of our every day

Embedding sustainability every day is integral to both our business strategy and how we operate. For Kemira, sustainability means two things: reducing negative impacts throughout our value chain and maximizing our positive business impact. We focus on five core sustainability themes, water, circularity, biodiversity, climate & nature, and people – the areas that are the most material to our business.

In 2025, we developed our Climate transition plan, as well as a new sustainability target relating to the positive water impact of our water business. This target will measure the estimated quantity of water treated, reused, and recycled, which showcase one of the largest positive environmental impacts that we create to our customers. We also published the Kemira Water Index 2025, which is a new study combining international research, expert analysis and consumer insights.

Discover our progress in the Sustainability Statement

Our business cases

Explore more below and learn how chemistry plays a key role in improving our every day.

Case: Water Solutions

KemConnect® DEX: advancing sustainable water treatment

Kemira’s KemConnect® DEX is an innovative, antimicrobial solution designed to purify wastewater using performic acid (PFA). This sustainable technology gained wide recognition following the 2024 Paris Olympics, where it helped ensure the River Seine met stringent safety standards for the swimming events.

People enjoying the Seine River near Pont de Bercy in Paris on a sunny day.
Case: Packaging & Hygiene Solutions

Driving sustainable impact: biomass-balanced wet strength additives

Biomass-balanced wet strength additives provide a practical solution for reducing reliance on fossilbased raw materials and promoting the use of renewable alternatives across the value chain. Switching from fossil-based chemistries to renewable alternatives doesn’t mean sacrificing performance. Kemira’s biomass-balanced solutions for papermaking, which now include wet strength additives, deliver both sustainability and high efficiency.

Case: Fiber Essentials

Accelerating breakthroughs in textile-fiber development, recycling and bleaching

Kemira is helping to accelerate the shift to sustainable and circular textile production by advancing new wood‑based fibers like Kuura™ and developing tailored bleaching and decolorizing solutions that enable high‑quality recycling of diverse textile waste. In 2025, Kemira publicly announced its partnership with Metsä Spring, Metsä Group’s innovation company, regarding Kuura™, a new, unique and sustainable wood-based textile fiber.

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