UPM Annual Report 2025

We are UPM

Governance

Accounts and performance

Our strategy

UPM in brief

Our businesses

Sustainability

Our strategy

We increase our growth focus through a streamlined business portfolio

18

We act on three fronts

19

Strategy in action

20

Financial performance and targets

24

Driving long-term value creation

25

Strategic milestones in 2025

26

Innovating for impact

28

Accelerating innovation through AI

29

Generating shareholder value

30

Risks and opportunities

31

16

17

UPM Annual Report 2025

UPM Annual Report 2025