Holmen 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
Operating Revenue	22,056	22,759	22,795	23,952	19,479
Other Revenue	-	950	783	849	584
Revenue	22,056	23,709	23,578	24,801	20,063
Revenue Growth (YoY)	-6.97%	0.56%	-4.93%	23.62%	20.09%
Cost of Revenue	12,074	12,519	11,241	10,714	10,109
Gross Profit	9,982	11,190	12,337	14,087	9,954
Selling, General & Admin	3,437	3,389	3,312	2,956	2,720
Other Operating Expenses	2,712	3,630	3,500	3,214	3,028
Operating Expenses	7,613	8,407	8,172	7,515	7,009
Operating Income	2,369	2,783	4,165	6,572	2,945
Interest Expense	-138	-101	-100	-70	-46
Interest & Investment Income	34	35	49	11	8
Earnings From Equity Investments	5	7	6	10	-
Currency Exchange Gain (Loss)	-	4	-	-	-
Other Non Operating Income (Expenses)	-	4	-	-16	1
EBT Excluding Unusual Items	2,270	2,732	4,120	6,507	2,908
Gain (Loss) on Sale of Investments	-	-4	1	-12	-
Gain (Loss) on Sale of Assets	-	21	15	35	320
Asset Writedown	895	907	562	422	464
Pretax Income	3,165	3,659	4,705	7,441	3,692
Income Tax Expense	286	798	1,008	1,567	688
Net Income	2,879	2,861	3,697	5,874	3,004
Net Income to Common	2,879	2,861	3,697	5,874	3,004
Net Income Growth	0.63%	-22.61%	-37.06%	95.54%	51.79%
Shares Outstanding (Basic)	156	159	160	162	162
Shares Outstanding (Diluted)	156	159	160	162	162
Shares Change (YoY)	-1.99%	-1.06%	-0.93%	0.03%	-
EPS (Basic)	18.50	18.02	23.04	36.26	18.55
EPS (Diluted)	18.50	18.00	23.00	36.26	18.50
EPS Growth	2.78%	-21.74%	-36.58%	96.03%	51.64%
Free Cash Flow	1,712	1,203	4,146	4,099	1,529
Free Cash Flow Per Share	11.00	7.58	25.84	25.31	9.44
Dividend Per Share	19.000	9.000	8.500	8.000	7.500
Dividend Growth	111.11%	5.88%	6.25%	6.67%	3.45%
Gross Margin	45.26%	47.20%	52.32%	56.80%	49.61%
Operating Margin	10.74%	11.74%	17.66%	26.50%	14.68%
Profit Margin	13.05%	12.07%	15.68%	23.69%	14.97%
Free Cash Flow Margin	7.76%	5.07%	17.58%	16.53%	7.62%
EBITDA	3,833	4,043	5,410	7,826	4,095
EBITDA Margin	17.38%	17.05%	22.95%	31.55%	20.41%
D&A For EBITDA	1,464	1,260	1,245	1,254	1,150
EBIT	2,369	2,783	4,165	6,572	2,945
EBIT Margin	10.74%	11.74%	17.66%	26.50%	14.68%
Effective Tax Rate	9.04%	21.81%	21.42%	21.06%	18.63%

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