Overview

2025 was a significant year of product renewal for Mtech. The Minun Maatilani service portfolio underwent extensive development with the launch of the new Wisu Pro, the renewed MobiWakka, Wakka and Wakka Pro, as well as the new MobiNauta. At the same time, we achieved a strategic objective set more than a decade ago: Minun Maatilani now encompasses our entire product portfolio for farms, covering crop and livestock production as well as financial management. What began as individual software solutions has evolved into an integrated service portfolio supporting farm operations and management, while also providing a foundation for connecting farms to the broader digital food system. Within this ecosystem, data can flow securely and efficiently between farms, industry, retail and other stakeholders, enabling new processes and services that benefit the entire food value chain.

Launched at the beginning of the year, Wisu Pro expanded crop planning towards more comprehensive crop production management by integrating features such as inventory management, financial monitoring and task management. Wisu Pro also utilises Mtech AgINTEL AI solutions, including field-specific yield forecasting, bringing artificial intelligence into practical decision-making on farms.

Farm financial management also underwent significant renewal. MobiWakka evolved from a receipt storage service into a versatile mobile tool for digital financial management. Completely renewed versions of Wakka and Wakka Pro were launched during the summer, with particular emphasis on usability and making day-to-day financial administration more efficient. Integrated into the Minun Maatilani service portfolio, these solutions provide versatile tools for different operating models, ranging from self-managed bookkeeping to outsourced financial administration.

Launched in October, MobiNauta brought key cattle farm functions to mobile devices, enabling users to review animal data and production KPIs as well as manage task lists and events. A new AI-powered voice control feature allows users to both retrieve information and perform actions using spoken commands. This is a concrete example of how mobile technology and artificial intelligence can make everyday work on farms easier.

In 2025, we opened a new strategic business area for Mtech in agricultural robotics and heavy-duty drone technology. We began our collaboration with XAG and introduced the XAG P100 Pro agricultural drone to the Finnish and Swedish markets. In October, the product received a silver award in KoneAgria’s new product competition. We also participated in testing the technology and developing its applications and regulatory framework. The SORA operational authorisation we received in October enables us to conduct our own flight operations. Drone technology expands Mtech’s role from software towards automation and robotics, where digital information is connected with physical work carried out on farms.

Customer satisfaction remained at a good level. According to Taloustutkimus’ Customer 360 survey, 94% of our corporate customers and 82% of end users were at least satisfied with our services.

I would like to thank our customers, partners and employees for their trust and commitment. Together, we will continue to build the food system of the future with determination.

Company financials

In 2025, our positive financial development continued. The parent company’s revenue increased to EUR 13,080,378.71, mainly driven by favourable development in the software business. This represented an increase of EUR 428,110.16, or 3.38%, compared with the previous year. As a result of revenue growth and, in particular, improved profitability, the parent company’s operating profit increased to EUR 1,053,105.23, representing 8.05% of revenue. Operating profit improved by EUR 188,578.72 year on year. The parent company’s profit for the financial year before appropriations was EUR 1,027,991.99, or 7.86% of revenue. During the financial year, the parent company granted Biocode Oy a group contribution of EUR 500,000, after which profit for the financial year amounted to EUR 527,991.99, or 4.04% of revenue.

The Mtech Group was formed when Biocode Oy became part of the Group at the end of 2024. In 2025, consolidated revenue amounted to EUR 13,323,209.84, operating profit to EUR 239,588.02, or 1.80% of revenue, and profit for the financial year to EUR 201,355.26, or 1.51% of revenue. During the latter part of the year, we initiated a process to merge Biocode Oy into the parent company during 2026.

The financial position of both the parent company and the Group remained stable. The parent company’s equity ratio was 58.73%, while the Group’s was 59.72%. Liquidity remained good, with a quick ratio of 1.16 for the parent company and 1.15 for the Group.

Measured in full-time equivalents, the parent company employed an average of 109 people, compared with 110 in 2024. To adapt to changes in the business structure and resource requirements, the company implemented phased temporary layoffs beginning towards the end of the first half of the year, affecting approximately 13% of personnel.

Outlook for the coming year

2025 reinforced our strategic direction towards productised and scalable solutions in which artificial intelligence, data and automation play a central role. Changes in our business structure are also reflected in our resource requirements: the share of productised services with recurring revenue has increased, several major development investments were completed during the year, and large customer projects came to an end without being replaced by projects of a similar scale. Artificial intelligence has also begun to improve the efficiency of software development, although its impact on resource requirements has so far been smaller than that of the other factors.

To respond to the changing business structure, we launched a broader organisational restructuring after the turn of the year. As part of the restructuring, the number of employees was reduced by approximately 15%, and the organisation was redesigned to operate in a more autonomous and goal-oriented manner. Through these changes, we are aligning our resources with business needs while strengthening operational efficiency and our ability to achieve profitable growth.

In 2026, we will pursue profitable growth by strengthening our core business, developing new business areas and expanding internationally. We will continue to develop the Minun Maatilani service portfolio and integrate Mtech AgINTEL AI solutions more extensively into our products and our customers’ daily operations. At the same time, we will grow our drone and autonomous equipment business in Finland and Sweden and place an even stronger emphasis on international expansion.

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