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Svensk Exportkredit (SEK) investor relations material
Svensk Exportkredit Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
High business activity in 2025 with Skr 126 billion in new credit and guarantee agreements, among the highest in history, despite a challenging geopolitical environment.
Lending portfolio decreased to Skr 263 billion, mainly due to currency effects; sustainability-classified lending increased to Skr 56.3 billion.
Net interest income fell to Skr 2,719 million, and net profit dropped to Skr 1,183 million, impacted by lower interest rates and increased credit loss provisions.
Return on equity declined to 4.9% from 7.1% year-over-year.
Financial highlights
Net interest income for 2025 was Skr 2,719 million (down from Skr 3,058 million in 2024).
Operating profit was Skr 1,491 million (2024: Skr 2,121 million); net profit was Skr 1,183 million (2024: Skr 1,683 million).
After-tax return on equity was 4.9% (2024: 7.1%).
Basic and diluted EPS was Skr 296 (2024: Skr 422).
Proposed dividend of Skr 473 million (2024: Skr 1,673 million).
Outlook and guidance
Board set new financial targets, reinforcing focus on long-term value creation.
Government increased SEK’s credit facility with the Swedish National Debt Office to Skr 175 billion for 2026.
Positive sentiment among Swedish exporters, with 44% expecting increased order intake in 2026.
Next Svensk Exportkredit earnings date
Next Svensk Exportkredit earnings date
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