Shareholders
Pohjolan Voima Oyj shareholders (general shareholding) on 30 June 2025
| Shareholder | Holding, % |
| EPV Energy Ltd | 4.30 |
| Helen Ltd | 0.59 |
| Kemira Oyj (incl. Neliapila pension foundation) | 5.76 |
| Kokkolan Voima Oy | 1.46 |
| Kymppivoima Oy | 2.86 |
| Metsä Group (Metsäliitto, Metsä Fibre Oy, Metsä Board Oyj) | 3.29 |
| Myllykoski Corporation *) | 0.60 |
| Oulun Energia Ltd | 0.27 |
| Outokumpu Oyj | 0.11 |
| Perhonjoki Ltd | 1.96 |
| City of Pori | 1.04 |
| Rautaruukki Corporation | 0.10 |
| Stora Enso Oyj | 16.54 |
| Finnish Power Ltd | 1.65 |
| UPM Energy Ltd | 53.70 |
| UPM Communication Papers Ltd *) | 3.96 |
| Vantaa Energy Ltd | 0.22 |
| Yara Suomi Oy (incl. pension foundation) | 1.58 |
| Total | 100% |