Dear customers and partners,

The year 2025 has been exceptional in many ways — challenging, demanding and at times even unpredictable. Both the industrial sector and the broader economy have been navigating through uncertainty, and this has been visible across nearly all industries. At the same time, the year has also been one of renewal and resilience.

The beginning of the year was marked by caution. Many investment decisions were postponed, and companies focused primarily on maintaining their existing equipment. For us, this was reflected in an unusually large share of spare part deliveries, as many customers chose to invest in reliability and extend the lifecycle of their equipment. It has been encouraging to see that, in these circumstances, our customers have trusted our expertise and delivery reliability.

Signs of growth toward the end of the year

As the year progressed, the market showed some positive signs. Toward the end of the year, we began to see a clear awakening in the industrial sector: order books started to grow, and new projects emerged. Although the outlook remains cautious, it finally feels as though we are seeing light ahead.

How strong and long-lasting this recovery will be remains to be seen, but the direction is promising. It is uplifting to witness the industry gaining momentum again, and many companies looking to the future with renewed optimism, despite the demanding year behind us.

A year of cooperation and trust

Even in challenging circumstances, our long-standing customer relationships have remained strong. Close cooperation and open communication have helped us find solutions even when the market has been less responsive. I would like to thank you — our customers and partners — for your flexibility, dialogue and, above all, your trust. Without it, we would not have been able to take the development steps needed this year.

Looking ahead to 2026 with optimism

As we look forward, we enter 2026 with both confidence and optimism. There are signs of improvement in the economy. Industrial investment activity remains cautious but is gradually increasing, and this creates new opportunities for us at Maper as well.

We are ready to respond to our customers’ needs regardless of how the economy ultimately evolves. We will continue to develop our operations with long-term commitment, just as we always have. Four decades of experience have taught us that calm, steady progress is what carries us through uncertain times.

I want to thank all of you for this past year. The year 2025 has tested the industry in many ways, but it has also highlighted its resilience, the importance of cooperation and the ability to adapt. I believe that these experiences will make us even stronger as we enter the coming year.

A special thank you also goes to the entire Maper team.

Your professionalism, dedication and everyday hard work have made it possible for us to navigate this challenging year with integrity. Each of you has been an essential part of Maper’s story – not only by doing your job, but by helping build our shared future. Thank you for your flexibility, perseverance, and for keeping quality and reliability at the heart of everything you do, even in demanding times.

I wish you a peaceful end to the year and a brighter 2026 ahead!



Warm regards,

Matti Tervamäki

CEO

17.12.2025