MilDef Group AB Income Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,045	1,201	1,151	738.8	469.6
Revenue Growth (YoY)	70.31%	4.31%	55.83%	57.33%	17.84%
Cost of Revenue	1,125	611.8	595	386.5	259.5
Gross Profit	920.1	589.1	556.3	352.3	210.1
Selling, General & Admin	596	384.7	368.7	273.5	173
Research & Development	112	84	80.7	49	40.4
Other Operating Expenses	3.1	-	1	-	0.1
Operating Expenses	711.1	468.7	450.4	322.5	213.5
Operating Income	209	120.4	105.9	29.8	-3.4
Interest Expense	-42.8	-24.5	-28.2	-7.8	-4.8
Interest & Investment Income	-	8.5	7.9	0.8	0.1
Currency Exchange Gain (Loss)	-	-5.9	3.8	-0.8	0.6
Other Non Operating Income (Expenses)	-	-0.2	-0.8	-2.8	2.6
EBT Excluding Unusual Items	166.2	98.3	88.6	19.2	-4.9
Merger & Restructuring Charges	5.4	-320.8	-	-	-0.4
Pretax Income	171.6	-222.5	88.6	19.2	-5.3
Income Tax Expense	23.6	-2.2	19.6	5	-4.6
Net Income	148	-220.3	69	14.2	-0.7
Net Income to Common	148	-220.3	69	14.2	-0.7
Net Income Growth	-	-	385.92%	-	-
Shares Outstanding (Basic)	47	41	40	37	26
Shares Outstanding (Diluted)	47	41	40	38	26
Shares Change (YoY)	15.45%	0.74%	6.49%	44.21%	12.94%
EPS (Basic)	3.16	-5.43	1.73	0.38	-0.03
EPS (Diluted)	3.16	-5.43	1.71	0.37	-0.03
EPS Growth	-	-	362.16%	-	-
Free Cash Flow	-31.6	133.7	40.6	-81.6	-66.3
Free Cash Flow Per Share	-0.67	3.29	1.01	-2.16	-2.53
Dividend Per Share	0.750	0.500	0.500	-	0.750
Dividend Growth	50.00%	-	-	-	-
Gross Margin	44.99%	49.05%	48.32%	47.69%	44.74%
Operating Margin	10.22%	10.03%	9.20%	4.03%	-0.72%
Profit Margin	7.24%	-18.34%	5.99%	1.92%	-0.15%
Free Cash Flow Margin	-1.54%	11.13%	3.53%	-11.04%	-14.12%
EBITDA	319.3	182.6	123.4	42.2	6.5
EBITDA Margin	15.61%	15.20%	10.72%	5.71%	1.38%
D&A For EBITDA	110.3	62.2	17.5	12.4	9.9
EBIT	209	120.4	105.9	29.8	-3.4
EBIT Margin	10.22%	10.03%	9.20%	4.03%	-0.72%
Effective Tax Rate	13.75%	-	22.12%	26.04%	-

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