H. Lundbeck Income Statement

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

Millions DKK. 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	24,630	22,004	19,912	18,246	16,299
Revenue Growth (YoY)	11.93%	10.51%	9.13%	11.95%	-7.77%
Cost of Revenue	4,265	4,230	4,158	3,951	3,611
Gross Profit	20,365	17,774	15,754	14,295	12,688
Selling, General & Admin	9,226	9,583	8,706	7,689	6,625
Research & Development	4,260	3,954	3,457	3,754	3,820
Other Operating Expenses	997	-	-	-	-
Operating Expenses	14,483	13,537	12,163	11,443	10,445
Operating Income	5,882	4,237	3,591	2,852	2,243
Interest Expense	-514	-113	-54	-103	-153
Interest & Investment Income	199	218	86	22	7
Currency Exchange Gain (Loss)	-349	-14	-164	-30	-31
Other Non Operating Income (Expenses)	-32	339	-43	-62	-61
EBT Excluding Unusual Items	5,186	4,667	3,416	2,679	2,005
Merger & Restructuring Charges	28	-420	-	-	-233
Gain (Loss) on Sale of Investments	-3	-2	-21	24	-58
Asset Writedown	-635	-547	-312	-	-
Legal Settlements	-	-	-69	-	-
Other Unusual Items	-89	21	-21	-229	-133
Pretax Income	4,487	3,719	2,993	2,474	1,581
Income Tax Expense	1,295	576	703	558	263
Net Income	3,192	3,143	2,290	1,916	1,318
Net Income to Common	3,192	3,143	2,290	1,916	1,318
Net Income Growth	1.56%	37.25%	19.52%	45.37%	-16.63%
Shares Outstanding (Basic)	992	991	992	993	993
Shares Outstanding (Diluted)	992	991	992	993	993
Shares Change (YoY)	0.06%	-0.08%	-0.06%	-0.04%	-0.04%
EPS (Basic)	3.22	3.17	2.31	1.93	1.33
EPS (Diluted)	3.22	3.17	2.31	1.93	1.33
EPS Growth	1.50%	37.35%	19.60%	45.44%	-16.61%
Free Cash Flow	4,927	2,818	3,803	3,148	1,862
Free Cash Flow Per Share	4.97	2.84	3.83	3.17	1.88
Dividend Per Share	1.150	0.950	0.700	0.580	0.400
Dividend Growth	21.05%	35.71%	20.69%	45.00%	-20.00%
Gross Margin	82.68%	80.78%	79.12%	78.35%	77.84%
Operating Margin	23.88%	19.26%	18.03%	15.63%	13.76%
Profit Margin	12.96%	14.28%	11.50%	10.50%	8.09%
Free Cash Flow Margin	20.00%	12.81%	19.10%	17.25%	11.42%
EBITDA	7,655	6,024	5,513	4,570	3,867
EBITDA Margin	31.08%	27.38%	27.69%	25.05%	23.72%
D&A For EBITDA	1,773	1,787	1,922	1,718	1,624
EBIT	5,882	4,237	3,591	2,852	2,243
EBIT Margin	23.88%	19.26%	18.03%	15.63%	13.76%
Effective Tax Rate	28.86%	15.49%	23.49%	22.55%	16.63%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.