Mar 3 • 12:49 UTC 🇫🇮 Finland Iltalehti

Sad news about Matin and Teppo's businesses

MTR Music Oy, owned by Finnish musicians Matin and Teppo, reported a loss of 6,090 euros for the fiscal year despite suggesting dividend payments to shareholders.

MTR Music Oy, a company run by Finnish music duo Matin and Teppo Ruohonen, has announced a disappointing financial outcome for the year ending October 2025, with a total revenue of only 54,944 euros and a net loss of 6,090 euros. The company’s financial statements disclosed that they provided 3,177 euros in assistance from the Finnish Music Publishers Association during this period to help mitigate losses. This represents a significant improvement compared to the previous fiscal year, where the loss exceeded 82,000 euros.

Despite facing operational challenges, the company's board, which includes the Ruohonen brothers and Teppo's son Oskari, has proposed distributing dividends amounting to 77,837 euros despite the incurred losses. This decision comes as MTR Music maintains a substantial equity amount of roughly 349,000 euros. The firm's personnel count for 2025 was five, with a total payroll expense reaching 64,229 euros, of which salaries and fees accounted for 53,323 euros.

The financial difficulties faced by MTR Music Oy not only reflect broader challenges within the music industry but also highlight the resilience of its leadership in pursuing potential dividends, indicating confidence in the long-term viability of the business. As Matin Ruohonen, serving as CEO, navigates these fiscal challenges, the focus may shift to strategies for growth and sustainability in the increasingly competitive music market.

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