Industrivärden (INDU) Q4 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2025 earnings summary
6 Feb, 2026Executive summary
Net asset value as of December 31, 2025, was SEK 191.6 bn (SEK 444/share), up 20% year-over-year; by February 5, 2026, it reached SEK 503/share.
Total return for Class A and C shares was 22% in 2025, outperforming the SIXRX index at 13%.
Board proposes a dividend of SEK 8.75/share for 2025, up from SEK 8.25.
Financial highlights
Net income for 2025 was SEK 35,401 mn (SEK 81.97/share), up from SEK 12,654 mn (SEK 29.30/share) in 2024.
Dividend income rose to SEK 9,532 mn from SEK 8,585 mn year-over-year.
Change in value of shares was SEK 26,244 mn, up from SEK 4,393 mn.
Market value of equities portfolio at year-end was SEK 197,473 mn, up 16% adjusted for purchases and sales.
Outlook and guidance
Net asset value per share increased to SEK 503 by February 5, 2026, indicating continued positive momentum into the new year.
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