Investor AB Balance Sheet

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

Millions SEK. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	16,652	14,058	17,220	18,794	13,164	18,330
Short-Term Investments	-	8,135	16,333	12,671	13,140	204
Trading Asset Securities	243	445	398	382	873	375
Cash & Short-Term Investments	16,895	22,638	33,951	31,847	27,177	18,909
Cash Growth	-25.59%	-33.32%	6.61%	17.18%	43.73%	-32.29%
Accounts Receivable	32	9,719	9,464	8,179	7,852	6,026
Other Receivables	14,049	646	1,210	914	1,188	1,210
Receivables	14,081	10,365	10,674	9,093	9,040	7,236
Inventory	11,687	11,091	10,512	9,197	9,583	6,767
Prepaid Expenses	-	989	921	796	517	359
Other Current Assets	546	5	13	4,434	41	1,817
Total Current Assets	43,209	45,088	56,071	55,367	46,358	35,088
Property, Plant & Equipment	20,887	10,239	10,360	8,017	7,828	6,726
Long-Term Investments	1,073,963	923,821	769,718	667,975	561,206	655,079
Goodwill	82,550	75,267	71,277	64,782	63,334	55,437
Other Intangible Assets	38,672	35,267	32,664	32,337	33,533	32,164
Long-Term Deferred Tax Assets	-	1,545	1,577	1,449	1,094	891
Long-Term Deferred Charges	-	1,140	1,018	896	822	1,004
Other Long-Term Assets	5,481	10,440	9,405	7,627	10,190	9,153
Total Assets	1,264,762	1,102,807	952,090	838,450	724,365	795,542

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Accounts Payable	-	4,144	4,968	4,472	4,774	3,475
Accrued Expenses	-	4,865	4,754	4,103	3,519	4,393
Short-Term Debt	1,429	477	458	386	177	50
Current Portion of Long-Term Debt	-	795	3,977	4,022	1,270	2,819
Current Portion of Leases	-	636	600	586	513	436
Current Income Taxes Payable	-	470	804	777	448	453
Current Unearned Revenue	-	763	632	449	410	254
Other Current Liabilities	19,272	3,180	2,596	2,447	2,391	2,097
Total Current Liabilities	20,701	15,330	18,789	17,242	13,502	13,977
Long-Term Debt	125,825	111,603	92,039	82,892	87,783	82,498
Long-Term Leases	-	2,687	2,350	1,641	1,653	1,468
Long-Term Unearned Revenue	-	83	61	113	-	-
Pension & Post-Retirement Benefits	1,030	941	1,026	805	799	1,068
Long-Term Deferred Tax Liabilities	-	7,049	5,941	6,223	6,564	6,086
Other Long-Term Liabilities	17,851	11,216	12,132	12,103	8,411	6,940
Total Liabilities	165,407	148,909	132,338	121,019	118,712	112,037

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Common Stock	1,099,355	4,795	4,795	4,795	4,795	4,795
Additional Paid-In Capital	-	13,533	13,533	13,533	13,533	13,533
Retained Earnings	-	924,963	782,843	683,855	570,387	657,379
Comprehensive Income & Other	-	10,414	18,193	14,585	16,150	6,907
Total Common Equity	1,099,355	953,705	819,364	716,768	604,865	682,614
Minority Interest	-	193	388	663	788	891
Shareholders' Equity	1,099,355	953,898	819,752	717,431	605,653	683,505
Total Liabilities & Equity	1,264,762	1,102,807	952,090	838,450	724,365	795,542

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Total Debt	127,254	116,198	99,424	89,527	91,396	87,271
Net Cash (Debt)	-110,359	-93,560	-65,473	-57,680	-64,219	-68,362
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-36.00	-30.53	-21.36	-18.82	-20.96	-22.30
Filing Date Shares Outstanding	3,062	3,063	3,063	3,063	3,063	3,063
Total Common Shares Outstanding	3,062	3,063	3,063	3,063	3,063	3,063
Working Capital	22,508	29,758	37,282	38,125	32,856	21,111
Book Value Per Share	359.01	311.33	267.50	234.02	197.47	222.82
Tangible Book Value	978,133	843,171	715,423	619,649	507,998	595,013
Tangible Book Value Per Share	319.42	275.25	233.57	202.31	165.85	194.23
Land	-	340	733	645	642	623
Buildings	-	3,146	3,814	2,604	2,371	2,031
Machinery	-	8,559	7,961	6,767	6,538	5,262
Leasehold Improvements	-	89	100	49	86	73