“With a fantastic organisation and a strong corporate culture, we managed to continue growing our own business and outgrowing competition,” said Morten Fon, president and CEO. “2025 was in line with our long-term growth trend, and our operating income has more than doubled over the past decade.”

Jotun said early entry into developing markets has been a key factor in its long-term growth. The company has operated in the Middle East since 1962 and Southeast Asia since 1968 and has expanded its footprint in Africa in recent years, including new factories in Ethiopia in 2021 and Algeria in 2024. Jotun has also continued investing in its global network of research and development facilities.

Looking ahead, the company expects underlying sales growth to continue outpacing general market growth. Jotun noted ongoing uncertainties related to raw material prices, selling price pressure, inflation and protectionism, which could affect consumer spending and investment levels.

“Several factors may impact our business,” Fon said. “However, we have managed to adapt quickly to new market realities before and expect to continue producing positive results going forward. Jotun is well positioned for further profitable growth, and we maintain our long-term strategy.”

In 2025, Jotun reported operating revenue of NOK 34.3 billion, operating profit of NOK 7.1 billion and profit before tax of NOK 6.8 billion.