Thule 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	10,429	9,541	9,132	10,138	10,386
Revenue Growth (YoY)	9.31%	4.48%	-9.92%	-2.39%	32.68%
Cost of Revenue	5,635	5,467	5,395	6,279	6,226
Gross Profit	4,794	4,074	3,737	3,859	4,160
Selling, General & Admin	3,123	2,458	2,238	2,157	1,837
Operating Expenses	3,123	2,458	2,238	2,157	1,837
Operating Income	1,671	1,616	1,499	1,702	2,323
Interest Expense	-161	-156	-156	-84	-39
Interest & Investment Income	-	78	58	32	14
Currency Exchange Gain (Loss)	-5	20	21	-1	-6
Other Non Operating Income (Expenses)	-	-11	-2	-1	-4
EBT Excluding Unusual Items	1,505	1,547	1,420	1,648	2,288
Merger & Restructuring Charges	-31	-100	-	-	-
Other Unusual Items	-	-	-	-	15
Pretax Income	1,474	1,447	1,420	1,648	2,303
Income Tax Expense	360	325	321	373	513
Earnings From Continuing Operations	1,114	1,122	1,099	1,275	1,790
Net Income	1,114	1,122	1,099	1,275	1,790
Net Income to Common	1,114	1,122	1,099	1,275	1,790
Net Income Growth	-0.71%	2.09%	-13.80%	-28.77%	53.52%
Shares Outstanding (Basic)	108	106	105	105	105
Shares Outstanding (Diluted)	108	106	105	105	106
Shares Change (YoY)	1.79%	0.61%	0.08%	-0.37%	1.52%
EPS (Basic)	10.33	10.59	10.45	12.19	17.12
EPS (Diluted)	10.33	10.59	10.44	12.12	16.95
EPS Growth	-2.46%	1.44%	-13.86%	-28.50%	51.20%
Free Cash Flow	784	2,046	1,599	173	623
Free Cash Flow Per Share	7.27	19.32	15.19	1.65	5.90
Dividend Per Share	8.300	8.300	9.500	9.200	13.000
Dividend Growth	-	-12.63%	3.26%	-29.23%	62.50%
Gross Margin	45.97%	42.70%	40.92%	38.06%	40.05%
Operating Margin	16.02%	16.94%	16.41%	16.79%	22.37%
Profit Margin	10.68%	11.76%	12.04%	12.58%	17.23%
Free Cash Flow Margin	7.52%	21.44%	17.51%	1.71%	6.00%
EBITDA	2,038	1,815	1,702	1,826	2,418
EBITDA Margin	19.54%	19.02%	18.64%	18.01%	23.28%
D&A For EBITDA	367	199	203	124	95
EBIT	1,671	1,616	1,499	1,702	2,323
EBIT Margin	16.02%	16.94%	16.41%	16.79%	22.37%
Effective Tax Rate	24.42%	22.46%	22.61%	22.63%	22.27%

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