NESTENasdaq HelsinkiOil & Gas Refining & MarketingIFRS · EUR

Neste Oyj

Neste is a Finnish company specializing in renewable products and oil refining. It operates in three main segments: Renewable Products, Oil Products, and Marketing & Services. Neste is known for its innovative renewable diesel and sustainable aviation fuel, which are key components of its strategy to lead in renewable energy solutions. The company also has a significant presence in traditional oil refining and marketing services, providing a comprehensive energy solution portfolio.

Revenue19.0bn EUR
−7.8 %y/y
Operating profit (EBIT)503m EUR
+1,912.0 %y/y
EBIT margin2.6%
+2.5 ppy/y
Net income144m EUR
+251.6 %y/y
Free cash flow837m EUR
+344.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0102030bn EUR2021: 15.1 bn EUR2021: EBIT 2.0 bn EUR20212022: 25.7 bn EUR2022: EBIT 2.4 bn EUR20222023: 22.9 bn EUR2023: EBIT 1.7 bn EUR20232024: 20.6 bn EUR2024: EBIT 0.03 bn EUR20242025: 19.0 bn EUR2025: EBIT 0.50 bn EUR2025TTM 2026: 20.6 bn EURTTM 2026: EBIT 2.1 bn EURTTM20.62.1
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Renewable Products40 %

Includes renewable diesel and sustainable aviation fuel

Oil Products45 %

Comprises traditional oil refining operations

Marketing & Services15 %

Involves fuel retail and related services

Customers

Neste serves a diverse range of customers, including transportation companies, airlines, and industrial clients seeking sustainable energy solutions. The Renewable Products segment targets businesses aiming to reduce their carbon footprint through renewable diesel and SAF. Oil Products cater to traditional fuel markets, while Marketing & Services focus on end consumers and businesses requiring fuel and related services. The company's customer base is expanding as sustainability becomes a priority across industries.

Transportation

Buys renewable diesel for lower emissions

Aviation

Purchases SAF for sustainable operations

Industrial

Uses renewable products for sustainability

Retail Fuel

Consumers and businesses buying fuel

Strategy

Neste's strategic priorities include expanding its renewable products capacity and enhancing operational efficiency. The company is investing heavily in its Rotterdam facility to increase renewable diesel and SAF production. Neste aims to maintain a competitive edge by focusing on sustainability and innovation. The performance improvement program is a key initiative to optimize costs and improve margins, ensuring long-term growth and profitability.

Expand renewable capacityMedium term

To meet growing demand for sustainable fuels

Operational efficiencyShort term

To improve margins and reduce costs

Geography

Q3/2025

Neste's operations are primarily based in Finland, with significant activities in Europe and the United States. The company is expanding its renewable diesel production capacity in Rotterdam, aiming to serve the growing European market. Neste's strategic geographic presence allows it to leverage local feedstock and optimize supply chains. The company's global reach is crucial for its competitive positioning in the renewable energy sector.

Finland76 %
Baltic States24 %

Share of the revenue the company reports by geography.

Risks

Neste faces several risks, including fluctuations in global oil prices and regulatory changes affecting renewable products. Geopolitical tensions and trade policies can impact market stability and supply chains. The company is also exposed to currency exchange rate risks, particularly with the US dollar. Regulatory developments in the EU and US could affect the competitiveness of Neste's renewable products.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical tensions1Oil price fluctuations2Regulatory changes3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Geopolitical tensionsImpact: CriticalLikelihood: High

    Disrupt supply chains and market stability

  2. Oil price fluctuationsImpact: HighLikelihood: High

    Affect margins in Oil Products segment

  3. Regulatory changesImpact: HighLikelihood: High

    Impact competitiveness of renewable products

Accounting

Judgemental items
Revenue recognition timing

Affects reported earnings in Renewable Products

Derivatives accounting

Impacts financial risk management and earnings

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Neste Oyj (NESTE) Revenue, Earnings & Financials 2025 – Clarifo