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12/17/2025

Share buybacks

Kemira started its first share buyback program in July 2025. The purpose of the buyback program was to optimize the company’s capital structure and to serve the interests of the company’s diverse shareholder base. Share buybacks complement other capital allocation, such as investments in growth and dividends.

Authorization by the Annual General Meeting 2025

Kemira’s Annual General Meeting 2025 authorized the Board of Directors to decide upon repurchase of a maximum of 14,600,000 company’s own shares. Shares shall be repurchased by using unrestricted equity either through a tender offer with equal terms to all shareholders at a price determined by the Board of Directors or otherwise than in proportion to the existing shareholdings of the company’s shareholders (directed repurchase).

Shares may be repurchased to be used in implementing or financing mergers and acquisitions, developing the company’s capital structure, improving the liquidity of the company’s shares or to be used for the payment of the annual fee payable to the members of the Board of Directors or implementing the company’s share-based incentive plans. In order to realize the aforementioned purposes, the shares acquired may be retained, transferred further or cancelled by the company.

The Share repurchase authorization is valid until September 20, 2026. The Board of Directors shall decide upon how the shares are repurchased and other terms related to any share repurchase. Kemira completed its first share buyback program between July 22 and December 16, 2025. During this period 5,000,000 shares were repurchased.

Read more:
Decisions of the Annual General Meeting 2025 (Stock exchange release on March 20, 2025)

Share buybacks since July 22, 2025

Share buybacks by quarter Number of shares Purchase price, EUR million
Q3 2025 2,022,930 39.4
Q4 2025 2,977,070 56.6
Total in 2025 5,000,000 96.0

Share buyback program, July 22 and December 16, 2025

On July 18, 2025, Kemira announced that its Board of Directors had decided to commence a repurchase of Kemira’s own shares (share buyback program) on the basis of the authorization given by the Annual General Meeting held on March 20, 2025. The purpose of the buypack program was to optimize Kemira’s capital structure and to serve the interests of the company’s diverse shareholder base.

The program started on July 22, 2025 and was completed on December 16, 2025. During the program Kemira repurchased a total of 5,000,000 own shares, corresponding to approximately 3.2% of the total number of shares. The average purchase price of the shares was EUR 19.23. The repurchased shares reduced Kemira’s equity by approximately EUR 96 million. The shares were repurchased in public trading on Nasdaq Helsinki otherwise than in proportion to the existing shareholdings of Kemira’s shareholders, at the market price quoted at the time of purchase on Nasdaq Helsinki Ltd, using the Company’s non-restricted shareholders’ equity.

After the completion of the share buyback program, Kemira holds a total of 5,896,004 own shares. Shares repurchased under the buyback program will be cancelled, after which Kemira will hold a total of 896,004 own shares.

Read more:
Kemira commences a share buyback program (Stock exchange release on July 18, 2025)
Kemira has completed its share buyback program announced in July 2025 (Stock exchange release on December 16, 2025)

Frequently asked questions

Share buybacks is one tool Kemira can use to return capital to shareholder and thus similar to dividends. Kemira’s balance sheet is strong and share buybacks is one way to optimize the balance sheet structure. They are also a way to diversify shareholder returns, and many foreign shareholders prefer share buybacks due to tax reasons.

As authorized by Kemira’s Annual General Meeting 2025, shares may be repurchased to be used in implementing or financing mergers and acquisitions, developing the company’s capital structure, improving the liquidity of the company’s shares or to be used for the payment of the annual fee payable to the members of the Board of Directors or implementing the company’s share-based incentive plans.

Kemira’s Annual General Meeting 2025 authorized the Board of Directors to decide upon repurchase of a maximum of 14,600,000 company’s own shares. The authorization is valid until September 20, 2026. Of this authorization, 5,000,000 shares were repurchased as a part of the share buyback program between July 22 and December 16, 2025.

Kemira has completed one share buyback program between July 22, 2025 and December 16, 2025. Kemira repurchased a total of 5,000,000 own shares, corresponding to approximately 3.2% of the total number of shares. The average purchase price of the shares was EUR 19.23. The repurchased shares reduced Kemira’s equity by approximately EUR 96 million.

Despite launching the buyback program (July 22, 2025 – December 2025), Kemira’s dividend policy and key strategic priorities have remained unchanged. Kemira continues to pay an attractive and over-time increasing dividend. The company’s strong balance sheet enables investments in both organic and inorganic growth, and Kemira continues to actively look for small-to-mid-sized acquisitions, particularly in Water Solutions. The Annual General Meeting decides the dividend each year.

Yes. Our strong balance sheet continues to enable investments in both organic and inorganic growth, and we continue to actively look at small-to-mid-sized acquisitions, particularly in Water Solutions.

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