Thule Group AB (publ) (STO:THULE)

Thule Group AB Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	934	218	405	94	176	149
Cash & Short-Term Investments	934	218	405	94	176	149
Cash Growth	22.73%	-46.17%	330.85%	-46.59%	18.12%	-78.90%
Accounts Receivable	1,041	713	764	706	752	894
Other Receivables	353	248	162	371	209	211
Receivables	1,394	961	926	1,077	961	1,105
Inventory	1,755	1,876	2,155	2,300	3,129	2,510
Prepaid Expenses	152	148	106	199	79	59
Other Current Assets	-1	-1	-	-1	-	-
Total Current Assets	4,234	3,202	3,592	3,669	4,345	3,823
Property, Plant & Equipment	2,628	2,405	2,339	2,122	2,007	1,479
Goodwill	7,461	6,718	7,417	4,857	4,962	4,518
Other Intangible Assets	1,198	1,075	1,234	30	37	38
Long-Term Deferred Tax Assets	314	329	359	281	320	326
Other Long-Term Assets	14	13	16	7	8	8
Total Assets	15,849	13,742	14,957	10,966	11,679	10,192

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	655	638	746	649	576	1,057
Accrued Expenses	588	243	245	224	283	308
Short-Term Debt	-	-	1	3	-	-
Current Portion of Long-Term Debt	25	13	2	34	28	14
Current Portion of Leases	97	91	74	99	79	66
Current Income Taxes Payable	230	9	51	78	114	165
Other Current Liabilities	764	509	564	388	513	593
Total Current Liabilities	2,359	1,503	1,683	1,475	1,593	2,203
Long-Term Debt	4,080	3,974	4,151	1,910	2,813	1,425
Long-Term Leases	236	196	150	128	170	134
Pension & Post-Retirement Benefits	227	217	212	205	156	244
Long-Term Deferred Tax Liabilities	624	625	666	399	393	370
Other Long-Term Liabilities	1	-1	-	-	1	1
Total Liabilities	7,527	6,514	6,862	4,117	5,126	4,377

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	8,322	1	1	1	1	1
Additional Paid-In Capital	-	3,699	3,690	2,923	2,644	2,648
Retained Earnings	-	3,550	3,326	3,206	3,107	3,114
Comprehensive Income & Other	-	-22	1,078	719	801	52
Shareholders' Equity	8,322	7,228	8,095	6,849	6,553	5,815
Total Liabilities & Equity	15,849	13,742	14,957	10,966	11,679	10,192

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	4,438	4,274	4,378	2,174	3,090	1,639
Net Cash (Debt)	-3,504	-4,056	-3,973	-2,080	-2,914	-1,490
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-32.49	-37.61	-37.51	-19.76	-27.71	-14.11
Filing Date Shares Outstanding	107.84	107.84	107.84	105.73	104.56	104.56
Total Common Shares Outstanding	107.84	107.84	107.84	105.73	104.56	104.56
Working Capital	1,875	1,699	1,909	2,194	2,752	1,620
Book Value Per Share	77.17	67.03	75.07	64.78	62.67	55.61
Tangible Book Value	-337	-565	-556	1,962	1,554	1,259
Tangible Book Value Per Share	-3.13	-5.24	-5.16	18.56	14.86	12.04
Buildings	-	1,339	1,393	1,306	1,248	916
Machinery	-	1,885	1,865	1,527	1,328	1,034
Construction In Progress	-	292	152	167	198	202

Data Source: S&P Global Market Intelligence Last updated: Oct 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 28, 2026

Data Sources Report a data error