Industrivärden (INDU) Q3 2026 earnings summary

Executive summary

• Net asset value reached SEK 223.3bn, up 17% or SEK 74 per share in 9M 2026.

• Total return was 31% for Class A and 30% for Class C, versus 11% for SIXRX.

Financial highlights

• 9M net income was SEK 35,402mn, up from SEK 16,983mn; EPS was SEK 81.97 versus SEK 39.32.

• 9M dividend income was SEK 9,511mn versus SEK 9,532mn; change in value of shares was SEK 26,208mn versus SEK 7,715mn.

• Q3 net loss was SEK 1,653mn versus net income of SEK 7,384mn; EPS was -SEK 3.83 versus SEK 17.10.

• Equities portfolio value, adjusted for purchases and sales, increased SEK 26,296mn, or 13%; net purchases were SEK 3,297mn.

Outlook and guidance

• Tax treatment will change to conventional taxation from the 2027 tax year, following the Swedish Tax Agency's decision.