Metso announces updated strategy and new financial targets

Metso Corporation's stock exchange release on September 24, 2025, at 08:00 a.m.
EEST

The Board of Directors of Metso has approved an updated strategy for the period
2026-2030. The Board also decided on new financial targets to be achieved by the
end of 2028.

Metso's new strategy, ‘We go beyond.', focuses on business growth and improved
profitability, customer-centricity, market leadership, and increasing the share
of aftermarket. There are four strategic objectives: the best customer
experience, a higher share of aftermarket in sales, leadership in sustainability
and safety, and financial excellence.

Metso's strategy is founded on positive market outlooks supported by global
megatrends, which are expected to increase demand for the company's product and
aftermarket offering. In the Aggregates segment, the markets are expected to
grow driven by the growth of construction and infrastructure projects and the
increasing recycling of construction materials. In the Minerals segment, copper
production, in particular, is expected to grow driven by electrification and the
increase in data centers and renewable energy. In addition to the forecasted
market growth, Metso's growth targets are based on the segments' choices to
allocate resources to those solutions and customer segments that drive
profitable growth the fastest.
"We go beyond to reach our full potential"

“Our 'We go beyond.' strategy was developed with our two customer segments in
mind, collaborating closely with customers and key stakeholders, and involving
colleagues from across the company. This strategy transcends our internal
business areas, ensuring the customer perspective is at the heart of everything
we do and fully leveraging our potential. As a result, we now have a powerful
strategy that plays to our strengths and enables us to set the industry
benchmark," says Metso's President and CEO Sami Takaluoma.

"This strategy outlines key focus areas for both segments. In the Aggregates
segment, we're driving growth in the aftermarket business, strengthening our
regional market position, and establishing a leading role in aggregates and
infra recycling. Digitalization, channel management, and continuous technology
development are the enablers of these goals. In the Minerals segment, we aim to
become the top player in energy transition minerals by leveraging our technology
leadership and closeness to customers. We focus on delivering added value to our
customers, especially with solutions that have significant aftermarket business
potential," Takaluoma continues.

New growth and profitability targets

The approved financial targets include a new sales growth target and an
increased profitability target. These targets are to be achieved by the end of
2028:

  · Annual sales growth (CAGR) of at least 7% (new target)
  · Adjusted EBITA margin over 18% (previously over 17% over the cycle)
  · Net debt to EBITDA ratio below 1.5 (new target replacing ‘maintain
investment grade rating' target)
  · Annual dividend of at least 50% of earnings per share (no change)

To achieve the company's growth and profitability targets, the Aggregates and
Minerals segments should grow their sales at least in line with the Group's
growth target, and the Aggregates segment's adjusted EBITA margin should be at
least 17%, and the Minerals segment's adjusted EBITA margin at least 20%.

"The new financial targets demonstrate our ambition to elevate Metso to new
heights, enhancing not only our business and customer experience but also
driving our growth and profitability, thereby continuing our journey of creating
shareholder value. With the strategic choices we've made, we can achieve our
growth targets, with the primary driver being organic growth, supported by
selective complementary acquisitions in both segments. Our new balance sheet
target - the net debt to EBITDA ratio - will guide us in maintaining a strong
financial position while also allowing for growth. For its shareholders, Metso
will continue being a reliable and consistent dividend payer," says Sami
Takaluoma.

Frontrunner in safety and sustainability

A key area of Metso's ‘We go beyond.' strategy is improving occupational safety.
Safety is an integral part of Metso's culture, and our new Start with safety
mindset focuses on preventing workplace injuries and continuously improving
safety performance. We actively engage employees and promote stopping, talking,
observing, and sharing safety practices to foster proactivity in safety.

Additionally, Metso aims to continue being an industry frontrunner in
sustainability, targeting net zero emissions in its own operations by 2030. We
will further strengthen our existing Science-Based climate targets throughout
the value chain from suppliers to customers and continue developing our Metso
Plus offering, that brings significant advantages to our customers by delivering
enhanced operational efficiency, reduced environmental impact, and long-term
cost savings.

Capital Markets Day on October 2, 2025

Metso's management will present the company's strategy and business plans at the
Capital Markets Day on October 2, 2025. More information about the event and
Metso's new strategy is available at www.metso.com.

Further information:

Juha Rouhiainen, Vice President, Investor Relations, Metso Corporation, tel.
+358 20 484 3253, email: juha.rouhiainen(a)metso.com


Distribution:

Nasdaq Helsinki Ltd

Main media

www.metso.com

Metso is a frontrunner in sustainable technologies, end-to-end solutions and
services for the aggregates, minerals processing and metals refining industries
globally. We improve our customers' energy and water efficiency, increase their
productivity, and reduce environmental risks with our product and service
expertise. We are the partner for positive change.

Metso is headquartered in Espoo, Finland. At the end of 2024 Metso had close to
17,000 employees in around 50 countries, and sales in 2024 were about EUR 4.9
billion. Metso is listed on the Nasdaq Helsinki.
metso.com (http://www.metso.com)