MilDef Group AB (publ) (STO:MILDEF)

MilDef 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	98.1	148.6	530.4	81.5	59.9	169.2
Cash & Short-Term Investments	98.1	148.6	530.4	81.5	59.9	169.2
Cash Growth	-16.93%	-71.98%	550.80%	36.06%	-64.60%	261.54%
Accounts Receivable	611.4	548.9	351.5	326.7	274.1	146.1
Other Receivables	209	82	53	37.5	41.9	25.7
Receivables	820.4	630.9	404.5	364.2	316	171.8
Inventory	885.3	531.8	234.4	290.2	236.5	85.8
Prepaid Expenses	-	23	12.9	9.8	8.3	4.8
Other Current Assets	-0.1	-	-	3	1	0.1
Total Current Assets	1,804	1,334	1,182	748.7	621.7	431.7
Property, Plant & Equipment	258.6	254.6	90.4	122	102.3	74.3
Goodwill	-	-	-	-	466.6	201.2
Other Intangible Assets	1,263	1,265	378.9	576.7	132.5	84.5
Long-Term Deferred Tax Assets	77.2	41.5	19.2	9.5	14.3	5.6
Long-Term Deferred Charges	5.6	8.5	12.7	68.5	56.2	10.7
Other Long-Term Assets	1.5	3.4	0.3	0.3	0.3	0.2
Total Assets	3,409	2,907	1,684	1,526	1,394	808.2

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	394	169.8	85.6	114	105.1	39.5
Accrued Expenses	-	57.6	37.7	47.3	38.5	23.9
Current Portion of Long-Term Debt	-	98	31.4	131.4	53.1	9.7
Current Portion of Leases	41.1	39.7	25.8	27.1	16.2	8.6
Current Income Taxes Payable	-	73.4	28.8	9.2	11.2	5.4
Current Unearned Revenue	-	104.7	103.2	57.4	38.9	12.8
Other Current Liabilities	402.9	104.1	81.5	53.3	62.5	32.8
Total Current Liabilities	838	647.3	394	439.7	325.5	132.7
Long-Term Debt	508.9	452.3	102.5	132.5	174.8	31.7
Long-Term Leases	160	182.8	60.7	76.4	70.6	52.1
Long-Term Deferred Tax Liabilities	93.5	105	24.8	32.6	35.1	23.5
Other Long-Term Liabilities	-	-1.2	-	-0.1	-	-
Total Liabilities	1,600	1,386	582	681.1	606	240

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	1,809	11.8	11.4	10	10	9.1
Additional Paid-In Capital	-	1,541	1,223	729.3	729.3	507
Retained Earnings	-	-8.5	-131.7	108.6	39.6	52.7
Comprehensive Income & Other	-	-24.5	-0.8	-3.3	9	-0.6
Total Common Equity	1,809	1,519	1,102	844.6	787.9	568.2
Minority Interest	-	1.3	-	-	-	-
Shareholders' Equity	1,809	1,521	1,102	844.6	787.9	568.2
Total Liabilities & Equity	3,409	2,907	1,684	1,526	1,394	808.2

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	710	772.8	220.4	367.4	314.7	102.1
Net Cash (Debt)	-611.9	-624.2	310	-285.9	-254.8	67.1
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-12.99	-13.32	7.64	-7.09	-6.73	2.56
Filing Date Shares Outstanding	47.09	47.09	45.57	39.86	39.86	36.39
Total Common Shares Outstanding	47.09	47.09	45.57	39.86	39.86	36.39
Working Capital	965.7	687	788.2	309	296.2	299
Book Value Per Share	38.41	32.26	24.17	21.19	19.77	15.61
Tangible Book Value	546.2	254.8	722.8	267.9	188.8	282.5
Tangible Book Value Per Share	11.60	5.41	15.86	6.72	4.74	7.76
Machinery	-	63.4	29.4	28.8	20.5	15.9
Leasehold Improvements	-	23.2	12.8	10.8	9.9	7.8
Order Backlog	-	3,595	2,055	1,327	-	732

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