Q: Has Suunto's negative net worth been fixed?

After year-end. On 18 March 2026, Suunto’s parent, Liesheng, converted a 13.9 million US dollar capital loan into equity, resolving the negative net worth position shown in the 2025 accounts.

Q: Who owns Suunto?

Suunto Oy’s parent is Liesheng HK Limited, based in Hong Kong, and the group’s ultimate parent is Dongguang Liesheng Electronic Co., Ltd., based in Dongguang, China.

Question 1

How much did Suunto's turnover grow in 2025?

Accepted Answer

Group turnover rose 26.95%, from 83.86 million euros in 2024 to 106.46 million euros in 2025.

Question 2

Did Suunto return to profit in 2025?

Accepted Answer

Yes. Group operating profit swung from a 7.37 million euro loss to a 2.87 million euro profit, and net profit swung from a 9.08 million euro loss to a 4.89 million euro profit.

Question 3

Was Suunto's profit driven by currency movements?

Accepted Answer

Partly. Suunto booked a net 2.32 million euro currency gain in 2025, of which 2.20 million euros was unrealised, mainly from revaluing US dollar loans owed to its parent as the dollar weakened.

Question 4

Did Suunto's operating cash flow improve in 2025?

Accepted Answer

No. Group operating cash flow turned negative at 437,000 euros, down from a positive 3.27 million euros in 2024, as growing receivables and inventory tied up cash during the sales growth.

Question 5

How many people does Suunto employ?

Accepted Answer

Average group headcount fell 22.5% in 2025, from 276 to 214, continuing a decline from 310 in 2023.

Question 6

Did Suunto cut its research and development spending?

Accepted Answer

Yes. R&D spending fell 30.8%, from 10.7 million euros to 7.4 million euros, and is down from 13.7 million euros in 2023.

Question 7

Is Suunto in financial difficulty?

Accepted Answer

The 2025 accounts show real pressure that has since eased. Net worth was negative at year-end, meaning it owed more than it owned on paper, but the gap narrowed sharply during the year and was closed entirely afterwards when its parent converted a loan into equity. KPMG raised no going-concern doubt.

Question 8

Has Suunto's negative net worth been fixed?

Accepted Answer

After year-end. On 18 March 2026, Suunto&#8217;s parent, Liesheng, converted a 13.9 million US dollar capital loan into equity, resolving the negative net worth position shown in the 2025 accounts.

Question 9

Who owns Suunto?

Accepted Answer

Suunto Oy&#8217;s parent is Liesheng HK Limited, based in Hong Kong, and the group&#8217;s ultimate parent is Dongguang Liesheng Electronic Co., Ltd., based in Dongguang, China.

Question 10

Will Suunto pay a dividend for 2025?

Accepted Answer

No. The parent company had no distributable funds at year-end despite a 3.98 million euro profit, and the board is proposing no dividend.

Question 11

What did KPMG say about Suunto's 2025 accounts?

Accepted Answer

KPMG&#8217;s audit opinion is unmodified, but the firm separately noted that the accounts and board report were signed on 7 August 2026, missing Finland&#8217;s statutory deadline for preparing annual accounts.

Question 12

Is Suunto's late-filing remark a going-concern warning?

Accepted Answer

No. KPMG&#8217;s opinion says the accounts give a true and fair view and meet statutory requirements. The remark is about timing, not about Suunto&#8217;s ability to keep operating.

Question 13

Which region drove Suunto's revenue growth?

Accepted Answer

EMEA. EMEA revenue rose 46.5%, from about 47.4 million euros to 69.4 million euros, accounting for nearly all of the group&#8217;s total growth.

Question 14

Did all regions grow for Suunto in 2025?

Accepted Answer

No. APAC revenue fell 13.1%, while EMEA rose 46.5% and the Americas rose 27.3%.

Question 15

Is Suunto shifting how it sells in Europe?

Accepted Answer

Yes. Suunto says it continued moving toward a direct-sales model in EMEA during 2025, while its US operations were already direct-sales-based.

Question 16

When did Suunto's 2025 restructuring happen?

Accepted Answer

Change negotiations began in March 2025, concluded in April, and implementation started in August 2025.

Question 17

Has Suunto's restructuring saved money yet?

Accepted Answer

Only partly. Suunto&#8217;s board says most of the financial benefit from the 2025 restructuring will fall in the second half of 2026, not in the 2025 accounts.

Question 18

Does Suunto have operations outside Finland?

Accepted Answer

Yes. It has branches in France and the UK, alongside wholly owned subsidiaries in the US and Hong Kong.

Question 19

What is Suunto Diving UK?

Accepted Answer

It&#8217;s Suunto&#8217;s UK branch, registered separately under that name at Farringdon Business Park, Alton.

Question 20

What was Suunto's parent company loan arrangement?

Accepted Answer

Suunto held a 13.9 million US dollar capital loan from Liesheng, carrying 2% interest, which was converted into an equity reserve on 18 March 2026.

Tag: suunto oy

Suunto returns to profit in 2025