The Icebreaking Company Oy’s financial year 2025 demonstrated the company’s ability to combine growth with profitability. The name change reinforces its international direction and a clearly defined Arctic identity as a specialist in maritime tourism.
Long-term development driving growth
The 2025 financial year marked a significant turning point for the company: revenue reached nearly EUR 12 million, operating profit amounted to EUR 939,000, and net profit for the period was EUR 827,000.
The result strengthens the company’s financial position and confirms that growth has been built on a sustainable and structurally solid foundation. The company has entered a phase where growth and profitability support one another.
Through systematic development, the company has evolved from a local tourism operator into an internationally positioned specialist in Arctic maritime tourism. In recent years, the company has developed its service portfolio, strengthened international distribution, built an organisation aligned with growth, and enhanced operational reliability in a demanding Arctic environment.
A clear Arctic identity
During the financial year, the company changed its name to The Icebreaking Company Oy. Its previous name was Kemin Matkailu Oy.
The name change consolidates the business under a single, clear identity and reflects the company’s strategic positioning as a specialised Arctic maritime tourism operator. The company’s roots in Kemi and in the Arctic environment of the Bothnian Bay remain unchanged – the new name articulates this foundation in an international context.
Next phase of the growth strategy
The company is currently exploring the potential expansion of hotel operations as part of its growth strategy. The objective is to strengthen year-round operations and further develop a comprehensive Arctic service offering. No final investment decisions have been made. The year has started as planned, and demand for the company’s services has remained strong.
CEO comment
“The 2025 result confirms that our strategy is working and provides a solid foundation for long-term business development. The Icebreaking Company accurately reflects our position today. To us, icebreaking means the courage to lead, to open new routes, and to build the next phase of Arctic maritime tourism in a determined and responsible way,” says Jaakko Löppönen, CEO.
Kemi strengthens its position in maritime Lapland tourism
“As the new Chair of the Board, I have had the opportunity to follow the company’s long-term development up close. The new strategy and future plans reinforce confidence in the company’s role as a driving force for maritime Lapland tourism and in strengthening Kemi’s vitality in collaboration with local businesses,” says Pekka Tiitinen, Chair of the Board.
The development of The Icebreaking Company Oy enhances the appeal of northern tourism while supporting regional vitality, employment, and international visibility.
Further information
Jaakko Löppönen
CEO
The Icebreaking Company Oy
jaakko.lopponen@icebreaking.com
www.icebreaking.com
The Icebreaking Company Oy
- Founded: 1980s, with over 35 years in tourism
- Headquarters: Kemi, Arctic Bay of Bothnia
- Revenue 2025: ~€12 million
- Operating Profit 2025: €939,000
Business Activities
- Icebreaker cruises in the Bothnian Bay (Sampo & Arktis)
- Arctic accommodation, restaurant, and event services
- Year-round experiential offering at the SnowCastle area
International Reach
- Over 150 international resellers
- Customers from all continents
- Strong presence in Asian and European markets
Scale of Operations
- 35,000+ cruise passengers per season
- 40+ year-round staff, 100+ during winter peak
Strategic Direction
- Building an internationally positioned, structurally strong growth company in Arctic maritime tourism