In this section you can find information on Valmet's financing structure, financing facilities and interest-bearing debt. Valmet currently has no credit rating.
Key figures
As at September 30, 2025
As at September 30, 2024
Interest-bearing liabilities
EUR 1,440 million
EUR 1,750 million
Current debt (including portion of non-current debt)
EUR 123 million
EUR 207 million
Non-current debt
EUR 1,136 million
EUR 1,386 million
Net interest-bearing liabilities
EUR 945 million
EUR 1,057 million
Average maturity of non-current debt
2.8 years
2.9 years
Average interest rate
3.6%
4.4%
Key debt ratios
As at September 30, 2025
As at September 30, 2024
Gearing
38%
43%
Equity ratio
43%
40%
Net debt to EBITDA ratio
1.50
1.59
Debt instruments and credit facilities as at September 30, 2025
Undrawn committed revolving credit facility of EUR 450 million
Unused commercial paper program worth of EUR 300 million
Debt maturity structure as at September 30, 2025 (excluding lease liabilities)
Green Notes
On March 6, 2024, Valmet announced that it issues EUR 200 million green notes. Read more here.
The Finnish Financial Supervisory Authority approved the listing prospectus of the Notes on March 14, 2024. Read more here.
Valmet announced on March 1, 2024, that it has established a Green Finance Framework applicable for the issuance of green debt instruments to further integrate its ambitious sustainability targets into its financing.
Valmet’s Green Finance Framework has received an independent second party opinion from ISS ESG, confirming the alignment of the framework with the Green Loan Principles 2023 and the Green Bond Principles 2021.
