Lundbergföretagen (LUND) Q4 2025 earnings summary

Executive summary

• Net asset value after deferred tax rose to SEK 145.5 billion (SEK 587/share) at year-end 2025, up from SEK 137.6 billion (SEK 555/share) a year earlier; further increased to SEK 153.3 billion (SEK 618/share) by February 16, 2026.

• Consolidated net sales were SEK 28,781 million, slightly down from SEK 29,311 million year-over-year.

• Profit after financial items surged to SEK 15,465 million (from SEK 9,808 million), with strong contributions from associated companies.

• Earnings per share attributable to shareholders increased to SEK 48.70 (from SEK 25.41).

• Proposed dividend of SEK 4.90 per share, up from SEK 4.60.

Financial highlights

• Profit after taxes reached SEK 14,421 million, up from SEK 8,383 million year-over-year.

• Adjusted profit after financial items (excluding unrealized value changes) was SEK 14,283 million (SEK 9,533 million prior year).

• Group shareholders’ equity increased to SEK 179,067 million (from SEK 166,705 million).

• Interest-bearing net debt rose to SEK 23,204 million (from SEK 19,672 million).

Outlook and guidance

• Net asset value continued to rise into early 2026, reaching SEK 153.3 billion by February 16.

• Board proposes a dividend of SEK 4.90 per share for 2025, with payment record date April 22, 2026.