AAK AB (publ.) 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	46,021	45,052	46,028	50,425	35,452
Revenue Growth (YoY)	2.15%	-2.12%	-8.72%	42.23%	26.91%
Cost of Revenue	33,902	32,056	34,296	40,661	27,697
Gross Profit	12,119	12,996	11,732	9,764	7,755
Selling, General & Admin	6,826	7,355	6,976	6,359	4,873
Other Operating Expenses	-264	-117	-237	68	-165
Operating Expenses	7,444	8,100	7,597	7,218	5,425
Operating Income	4,675	4,896	4,135	2,546	2,330
Interest Expense	-256	-235	-280	-203	-97
Interest & Investment Income	85	93	60	27	8
Earnings From Equity Investments	-	2	10	35	8
Currency Exchange Gain (Loss)	-	-5	5	-	1
Other Non Operating Income (Expenses)	-	-91	-87	-47	-22
EBT Excluding Unusual Items	4,504	4,660	3,843	2,358	2,228
Impairment of Goodwill	-	-	-	-27	-
Asset Writedown	-	-	-19	19	-241
Pretax Income	4,504	4,660	3,824	2,350	1,987
Income Tax Expense	1,068	1,118	870	570	540
Earnings From Continuing Operations	3,436	3,542	2,954	1,780	1,447
Minority Interest in Earnings	-7	-6	-8	-10	-10
Net Income	3,429	3,536	2,946	1,770	1,437
Net Income to Common	3,429	3,536	2,946	1,770	1,437
Net Income Growth	-3.03%	20.03%	66.44%	23.17%	-8.06%
Shares Outstanding (Basic)	260	260	260	259	257
Shares Outstanding (Diluted)	261	261	260	259	258
Shares Change (YoY)	-0.01%	0.36%	0.29%	0.46%	1.09%
EPS (Basic)	13.17	13.62	11.35	6.84	5.59
EPS (Diluted)	13.16	13.57	11.35	6.84	5.58
EPS Growth	-3.02%	19.56%	66.00%	22.53%	-8.97%
Free Cash Flow	-441	1,154	4,109	-1,288	-105
Free Cash Flow Per Share	-1.69	4.43	15.83	-4.97	-0.41
Dividend Per Share	5.500	5.000	3.700	2.750	2.500
Dividend Growth	10.00%	35.13%	34.54%	10.00%	8.70%
Gross Margin	26.33%	28.85%	25.49%	19.36%	21.88%
Operating Margin	10.16%	10.87%	8.98%	5.05%	6.57%
Profit Margin	7.45%	7.85%	6.40%	3.51%	4.05%
Free Cash Flow Margin	-0.96%	2.56%	8.93%	-2.55%	-0.30%
EBITDA	5,557	5,602	4,838	3,206	2,923
EBITDA Margin	12.07%	12.44%	10.51%	6.36%	8.24%
D&A For EBITDA	882	706	703	660	593
EBIT	4,675	4,896	4,135	2,546	2,330
EBIT Margin	10.16%	10.87%	8.98%	5.05%	6.57%
Effective Tax Rate	23.71%	23.99%	22.75%	24.25%	27.18%
Revenue as Reported	46,353	45,228	46,253	50,574	35,638

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