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December 2025's European Penny Stocks To Watch

Simply Wall St · 2d ago

As 2025 draws to a close, the European market has shown resilience, with the pan-European STOXX Europe 600 Index rising by 1.60% amid signs of steady economic growth and looser monetary policies. For investors interested in smaller or newer companies, penny stocks—despite their somewhat outdated name—continue to present intriguing opportunities. By focusing on those with solid financial foundations and potential for growth, these stocks can offer both stability and upside potential for discerning investors seeking value in lesser-known companies.

Top 10 Penny Stocks In Europe

Name Share Price Market Cap Rewards & Risks
Ariston Holding (BIT:ARIS) €4.518 €1.56B ✅ 4 ⚠️ 2 View Analysis >
Orthex Oyj (HLSE:ORTHEX) €4.75 €84.35M ✅ 4 ⚠️ 1 View Analysis >
Mistral Iberia Real Estate SOCIMI (BME:YMIB) €1.05 €22.87M ✅ 2 ⚠️ 4 View Analysis >
Angler Gaming (NGM:ANGL) SEK3.60 SEK269.95M ✅ 4 ⚠️ 2 View Analysis >
Angler Gaming (DB:0QM) €0.37 €221.21M ✅ 3 ⚠️ 3 View Analysis >
Libertas 7 (BME:LIB) €3.10 €65.75M ✅ 3 ⚠️ 3 View Analysis >
Hultstrom Group (OM:HULT B) SEK3.00 SEK182.52M ✅ 2 ⚠️ 2 View Analysis >
ForFarmers (ENXTAM:FFARM) €4.29 €379.17M ✅ 4 ⚠️ 1 View Analysis >
Deceuninck (ENXTBR:DECB) €2.26 €312.38M ✅ 3 ⚠️ 1 View Analysis >
Dovre Group (HLSE:DOV1V) €0.0718 €7.72M ✅ 2 ⚠️ 3 View Analysis >

Click here to see the full list of 296 stocks from our European Penny Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

OCI (ENXTAM:OCI)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: OCI N.V. is a company that produces and distributes hydrogen-based and natural gas-based products to agricultural, transportation, and industrial sectors across Europe, the Americas, the Middle East, Africa, Asia, and Oceania with a market cap of €642.52 million.

Operations: The company's revenue from its Nitrogen EU segment amounts to $1.03 billion.

Market Cap: €642.52M

OCI N.V. has shown volatility in its share price, with high weekly fluctuations compared to other Dutch stocks. Despite being unprofitable, OCI's short-term assets significantly exceed liabilities, and it maintains a stable cash runway. The company recently announced a strategic combination with Orascom Construction PLC, aiming to create a diversified infrastructure platform anchored in Abu Dhabi. This merger is expected to enhance growth prospects and financial strength by leveraging both companies' expertise and global reach. However, the transaction requires shareholder approval and will result in OCI delisting from Euronext Amsterdam upon completion.

ENXTAM:OCI Debt to Equity History and Analysis as at Dec 2025
ENXTAM:OCI Debt to Equity History and Analysis as at Dec 2025

Ontex Group (ENXTBR:ONTEX)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Ontex Group NV is a company that develops, produces, and supplies personal hygiene products for baby, feminine, and adult care across various international markets with a market cap of €356.65 million.

Operations: The company generates revenue of €1.82 billion from its Hygienic Disposable Products segment.

Market Cap: €356.65M

Ontex Group NV, with a market cap of €356.65 million, faces challenges as its earnings have declined by 4.3% annually over the past five years and profit margins dropped to 0.4% from 1.9%. The company recently lowered its revenue guidance for 2025, anticipating a high-single digit drop in Q4 compared to the previous year due to soft market conditions. Despite these hurdles, Ontex is expanding its North American operations by tripling production capacity for baby pants, aiming to capitalize on the growing demand for private label products in this segment while leveraging its expertise in innovation and cost efficiency.

ENXTBR:ONTEX Financial Position Analysis as at Dec 2025
ENXTBR:ONTEX Financial Position Analysis as at Dec 2025

Metsä Board Oyj (HLSE:METSB)

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Metsä Board Oyj operates in the folding boxboard, fresh fibre linerboard, and market pulp sectors both in Finland and internationally, with a market cap of €1.09 billion.

Operations: The company's revenue is primarily derived from its folding boxboard, fresh fibre linerboard, and market pulp businesses, totaling €1.83 billion.

Market Cap: €1.09B

Metsä Board Oyj, with a market cap of €1.09 billion, is navigating a challenging landscape as it remains unprofitable, reporting a net loss of €38 million for Q3 2025. Despite this, the company is implementing a €200 million cost savings program to improve efficiency and competitiveness. Recent strategic moves include completing a €60 million modernization at its Simpele mill to enhance product quality and sustainability efforts. Additionally, Metsä Board secured a new €250 million revolving credit facility tied to climate goals. The management team has seen changes with Anssi Tammilehto set to become CFO in early 2026.

HLSE:METSB Debt to Equity History and Analysis as at Dec 2025
HLSE:METSB Debt to Equity History and Analysis as at Dec 2025

Next Steps

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.