NIBE Industrier AB Balance Sheet

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
Cash & Equivalents	4,783	5,028	3,756	4,627	4,522
Short-Term Investments	675	579	527	190	224
Cash & Short-Term Investments	5,458	5,607	4,283	4,817	4,746
Cash Growth	-2.66%	30.91%	-11.09%	1.50%	-1.00%
Accounts Receivable	6,988	5,464	5,033	5,841	4,075
Other Receivables	-	1,148	1,031	814	504
Receivables	6,988	6,612	6,064	6,655	4,579
Inventory	9,167	10,644	13,227	10,191	6,584
Prepaid Expenses	-	535	583	447	342
Other Current Assets	38	29	41	42	20
Total Current Assets	21,651	23,427	24,198	22,152	16,271
Property, Plant & Equipment	12,416	13,214	11,568	8,273	6,131
Long-Term Investments	-	401	367	250	53
Goodwill	-	25,290	22,925	17,630	15,453
Other Intangible Assets	29,483	6,951	8,089	4,938	4,910
Long-Term Accounts Receivable	-	255	246	211	48
Long-Term Deferred Tax Assets	-	752	547	348	389
Other Long-Term Assets	1,505	116	164	192	139
Total Assets	65,055	70,406	68,104	53,994	43,394
Accounts Payable	-	3,115	3,291	4,042	2,818
Accrued Expenses	-	928	936	827	745
Short-Term Debt	-	16	67	135	45
Current Portion of Long-Term Debt	6,428	6,451	5,262	4,328	2,406
Current Portion of Leases	-	619	520	495	364
Current Income Taxes Payable	-	417	545	693	451
Current Unearned Revenue	-	556	455	357	321
Other Current Liabilities	7,523	3,549	4,489	2,876	1,830
Total Current Liabilities	13,951	15,651	15,565	13,753	8,980
Long-Term Debt	16,129	15,453	15,159	5,112	6,224
Long-Term Leases	-	1,798	1,462	1,073	743
Pension & Post-Retirement Benefits	-	540	450	342	617
Long-Term Deferred Tax Liabilities	-	2,050	2,361	1,476	1,387
Other Long-Term Liabilities	4,685	2,774	2,900	4,265	3,786
Total Liabilities	34,765	38,266	37,897	26,021	21,737
Common Stock	30,290	79	79	79	79
Additional Paid-In Capital	-	4,818	4,818	4,818	4,818
Retained Earnings	-	22,514	22,692	19,286	15,587
Comprehensive Income & Other	-	4,687	2,571	3,752	954
Total Common Equity	30,290	32,098	30,160	27,935	21,438
Minority Interest	-	42	47	38	219
Shareholders' Equity	30,290	32,140	30,207	27,973	21,657
Total Liabilities & Equity	65,055	70,406	68,104	53,994	43,394
Total Debt	22,557	24,337	22,470	11,143	9,782
Net Cash (Debt)	-17,099	-18,730	-18,187	-6,326	-5,036
Net Cash Per Share	-8.48	-9.29	-9.02	-3.14	-2.50
Filing Date Shares Outstanding	2,016	2,016	2,016	2,016	2,016
Total Common Shares Outstanding	2,016	2,016	2,016	2,016	2,016
Working Capital	7,700	7,776	8,633	8,399	7,291
Book Value Per Share	15.02	15.92	14.96	13.86	10.63
Tangible Book Value	807	-143	-854	5,367	1,075
Tangible Book Value Per Share	0.40	-0.07	-0.42	2.66	0.53
Land	-	535	509	403	383
Buildings	-	5,697	4,240	3,855	3,214
Machinery	-	8,274	7,119	5,917	5,519
Construction In Progress	-	2,217	2,859	1,250	570

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