UPM Annual Report 2025

We are UPM

Governance

Accounts and performance

Our businesses

UPM in brief

Our strategy

Sustainability

Our businesses

UPM Biorefining

36

UPM Energy

37

UPM Adhesive Materials

38

UPM Specialty Papers

39

UPM Fibres

40

UPM Plywood

42

UPM Communication Papers

43

34

35

UPM Annual Report 2025

UPM Annual Report 2025