MilDef Group AB Income Statement

Financials in millions SEK. Fiscal year is January - December.

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,680	1,201	1,151	738.8	469.6	398.5
Revenue Growth (YoY)	47.86%	4.31%	55.83%	57.33%	17.84%	19.32%
Cost of Revenue	899.4	611.8	595	386.5	259.5	216.4
Gross Profit	780.6	589.1	556.3	352.3	210.1	182.1
Selling, General & Admin	528.2	384.7	368.7	273.5	173	92.4
Research & Development	98.9	84	80.7	49	40.4	33.1
Other Operating Expenses	4.8	-	1	-	0.1	-0.2
Operating Expenses	631.9	468.7	450.4	322.5	213.5	125.3
Operating Income	148.7	120.4	105.9	29.8	-3.4	56.8
Interest Expense	-30.9	-24.5	-28.2	-7.8	-4.8	-1.6
Interest & Investment Income	8.5	8.5	7.9	0.8	0.1	0.1
Currency Exchange Gain (Loss)	-5.9	-5.9	3.8	-0.8	0.6	0.1
Other Non Operating Income (Expenses)	-0.3	-0.2	-0.8	-2.8	2.6	-0.1
EBT Excluding Unusual Items	120.1	98.3	88.6	19.2	-4.9	55.3
Merger & Restructuring Charges	-315.4	-320.8	-	-	-0.4	-
Pretax Income	-195.3	-222.5	88.6	19.2	-5.3	55.3
Income Tax Expense	-0.4	-2.2	19.6	5	-4.6	12.8
Net Income	-194.9	-220.3	69	14.2	-0.7	42.5
Net Income to Common	-194.9	-220.3	69	14.2	-0.7	42.5
Net Income Growth	-	-	385.92%	-	-	123.64%
Shares Outstanding (Basic)	46	41	40	37	26	23
Shares Outstanding (Diluted)	46	41	40	38	26	23
Shares Change (YoY)	13.49%	0.74%	6.49%	44.21%	12.94%	-
EPS (Basic)	-4.26	-5.43	1.73	0.38	-0.03	1.83
EPS (Diluted)	-4.26	-5.43	1.71	0.37	-0.03	1.83
EPS Growth	-	-	362.16%	-	-	123.64%
Free Cash Flow	-45.6	133.7	40.6	-81.6	-66.3	56.3
Free Cash Flow Per Share	-1.00	3.29	1.01	-2.16	-2.53	2.42
Dividend Per Share	0.500	0.500	0.500	-	0.750	0.750
Dividend Growth	-	-	-	-	-	100.00%
Gross Margin	46.46%	49.05%	48.32%	47.69%	44.74%	45.70%
Operating Margin	8.85%	10.03%	9.20%	4.03%	-0.72%	14.25%
Profit Margin	-11.60%	-18.34%	5.99%	1.92%	-0.15%	10.66%
Free Cash Flow Margin	-2.71%	11.13%	3.53%	-11.04%	-14.12%	14.13%
EBITDA	237.3	182.6	123.4	42.2	6.5	61.9
EBITDA Margin	14.12%	15.20%	10.72%	5.71%	1.38%	15.53%
D&A For EBITDA	88.6	62.2	17.5	12.4	9.9	5.1
EBIT	148.7	120.4	105.9	29.8	-3.4	56.8
EBIT Margin	8.85%	10.03%	9.20%	4.03%	-0.72%	14.25%
Effective Tax Rate	-	-	22.12%	26.04%	-	23.15%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.