GRKNasdaq HelsinkiInfrastructure OperationsIFRS · EUR

GRK Infra Oyj

GRK is a company focused on sustainable infrastructure construction, with operations primarily in Finland, Sweden, and Estonia. The company aims to be a leader in sustainable construction by 2028, leveraging its expertise in critical infrastructure and green transition projects. GRK has recently gone public, emphasizing its commitment to profitable growth and maintaining an entrepreneurial culture. The company is involved in various projects, including rail electrification and energy infrastructure development.

Revenue872m EUR
+19.7 %y/y
Operating profit (EBIT)53.5m EUR
+18.4 %y/y
EBIT margin6.1%
−0.1 ppy/y
Net income43.0m EUR
+16.7 %y/y
Free cash flow143m EUR
+217.3 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

02004006008001,000m EUR2022: 450 m EUR2022: EBIT 12 m EUR20222023: 546 m EUR2023: EBIT 26 m EUR20232024: 729 m EUR2024: EBIT 45 m EUR20242025: 872 m EUR2025: EBIT 54 m EUR2025TTM 2026: 788 m EURTTM 2026: EBIT 58 m EURTTM78858
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Infrastructure Construction40 %

Includes general infrastructure projects such as roads and bridges.

Rail Electrification25 %

Projects focused on electrifying rail networks.

Energy Infrastructure20 %

Development of energy facilities and networks.

Green Transition Projects15 %

Projects supporting industrial green transitions.

Customers

GRK serves a diverse range of customers, primarily focusing on government and public sector clients in Finland, Sweden, and Estonia. The company is involved in large-scale infrastructure projects, often collaborating with municipalities and national governments. GRK's expertise in sustainable construction attracts clients looking for environmentally friendly solutions. The company also engages with private sector clients, particularly in the energy and industrial sectors, seeking to implement green transition initiatives.

Public Sector

Government and municipal clients for infrastructure projects.

Energy Sector

Private energy companies for infrastructure development.

Industrial Sector

Companies seeking green transition projects.

Strategy

GRK's strategic priorities include achieving profitable growth and becoming a leader in sustainable construction by 2028. The company focuses on expanding its market share in green transition projects and critical infrastructure. GRK aims to attract and retain top talent, fostering a competitive and entrepreneurial work culture. The company also emphasizes collaboration across its operational regions to enhance unity and strategic alignment.

Profitable GrowthMedium term

To ensure long-term sustainability and shareholder value.

Sustainable Construction LeadershipLong term

To lead in eco-friendly infrastructure solutions.

Talent AttractionShort term

To maintain a competitive edge with skilled workforce.

Geography

GRK operates primarily in Finland, Sweden, and Estonia, with each country contributing significantly to its revenue. The company has a strong presence in Sweden, where it is expanding its operations, particularly in the northern regions. GRK's projects in Estonia focus on rail electrification, aligning with national infrastructure goals. The company's geographic focus allows it to leverage regional expertise and respond to local market demands effectively.

Risks

GRK faces several risks, including geopolitical uncertainties and changes in economic conditions that could impact infrastructure investments. The company is also exposed to operational risks related to project execution and compliance with environmental regulations. Financial risks include fluctuations in raw material prices and potential impacts from trade tariffs. Additionally, GRK must manage strategic risks associated with expanding into new markets and maintaining competitive advantage.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical Uncertainty1Operational Execution2
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 UncertaintyImpact: HighLikelihood: Medium

    Could impact infrastructure investment decisions.

  2. Operational ExecutionImpact: MediumLikelihood: Low

    Project delays or failures could affect profitability.

  3. Raw Material PricesImpact: Medium

    Fluctuations could impact cost structures.

Accounting

Judgemental items
Revenue Recognition

Critical for long-term contract accuracy.

Impact: Significant on reported revenue

Seasonality

Affects quarterly financial comparability.

Impact: High on quarterly results

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

GRK Infra Oyj (GRK) Revenue, Earnings & Financials 2025 – Clarifo