UPM Q2 FY26 comparable operating profit rises 71% to EUR 212 million; revenue increases to EUR 2.36 billion

• UPM-Kymmene Q2 2026 revenue edged up 0.6% to EUR 2.36 billion; comparable operating profit more than doubled to EUR 212 million.
• Comparable operating margin widened 3.7 percentage points to 9%; EPS rose to EUR 0.29 from EUR 0.13.
• H1 comparable operating profit increased 17% to EUR 471 million as UPM Energy and UPM Biofuels delivered a strong result.
• Graphic papers joint venture with Sappi moved to a signed final agreement; EU merger review entered Phase II with approvals expected by end-2026.
• Board backed a plan to separate UPM Plywood into listed WISA Group; trading is expected to start in early November if approved Aug. 31.

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