Industrivärden (INDU) Q2 2026 earnings summary

Executive summary

• Net asset value as of June 30, 2026, was SEK 225.0 bn, up 17% year-to-date, or SEK 78 per share.

• Total return for Class A shares was 33% and for Class C shares 31%, outperforming the SIXRX index at 8%.

• Net income for the first half of 2026 was SEK 37,055 mn, or SEK 85.80 per share, a significant increase from SEK 9,599 mn (SEK 22.23 per share) in the prior year.

• Dividend income totaled SEK 9,381 mn, with a dividend of SEK 8.75 per share paid.

Financial highlights

• Market value of the equities portfolio reached SEK 227,377 mn, up 14% adjusted for purchases and sales.

• Net purchases of shares amounted to SEK 1,876 mn, mainly in Essity B, Handelsbanken A, SCA B, Volvo B, and Alleima.

• Change in value of shares contributed SEK 27,919 mn to income, compared to SEK 372 mn in the prior year.

• Operating income for the period was SEK 37,236 mn.

Outlook and guidance

• No significant events have occurred after June 30, 2026, and no changes to the outlook were reported.

• The company does not expect any significant financial consequences from ongoing tax classification discussions.