Cash flow EQT AB

Stocks

EQT

SE0012853455

Investment Management & Fund Operators

Market Closed - Nasdaq Stockholm Other stock markets 09:30:00 17/06/2026 pm IST			5-day change	1st Jan Change
285.60 ^SEK	-1.01%		0.00%	-21.50%

12:26pm	EQT Closes Acquisition of 42% Stake in Kelda Holdings	MT
16/06	EQT exits Beijer Ref with final stake sale at 3.3 percent discount	FW

70a.Ii71iWzny6-KVw1E-LVmfqRh0cLi2nXWDtmQzJux3W4.SnGPzS6jm57eG3Rwif9fNsoph_Sy6Daedrj6ncjgrBdjYMDRVJ-YyvweZg

Published financial data: EQT AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	108.57Cr	132.85Cr	196.61Cr	210.4Cr	228.34Cr
Interest And Invest. Income (Rev)	51Cr	17Cr	12Cr	55Cr	35Cr
Total Revenues	159.6Cr	149.73Cr	208.45Cr	265.27Cr	263.24Cr
Cost of Goods Sold, Total	36Cr	50Cr	71Cr	84Cr	88Cr
Gross Profit	123.14Cr	100Cr	137.92Cr	180.89Cr	175.08Cr
Depreciation & Amortization - (IS)	3.75Cr	4.38Cr	5.41Cr	7.12Cr	7.9Cr
Amortization of Goodwill and Intangible Assets - (IS)	5.48Cr	15Cr	36Cr	36Cr	35Cr
Other Operating Expenses	16Cr	22Cr	25Cr	25Cr	27Cr
Other Operating Expenses, Total	25Cr	41Cr	66Cr	68Cr	70Cr
Operating Income	98Cr	58Cr	72Cr	112.43Cr	104.96Cr
Interest Expense, Total	-80L	-4.38Cr	-5.71Cr	-6.05Cr	-6.98Cr
Interest And Investment Income	6L	85L	3.75Cr	6.35Cr	2.74Cr
Net Interest Expenses	-74L	-3.53Cr	-1.96Cr	30L	-4.24Cr
Currency Exchange Gains (Loss)	1.1Cr	-60L	-1.05Cr	-8L	-91L
Other Non Operating Income (Expenses)	-35L	-43L	-54L	-68L	-56L
EBT, Excl. Unusual Items	98Cr	54Cr	68Cr	111.97Cr	99Cr
Merger & Related Restructuring Charges	-4.02Cr	-27Cr	-44Cr	-24Cr	-9.57Cr
Legal Settlements	-	-	-	-	-
Other Unusual Items	-6.2Cr	-	-	1.57Cr	-10L
EBT, Incl. Unusual Items	88Cr	26Cr	24Cr	90Cr	90Cr
Income Tax Expense	-3.08Cr	8.69Cr	10Cr	12Cr	17Cr
Earnings From Continuing Operations	91Cr	18Cr	14Cr	78Cr	73Cr
Earnings Of Discontinued Operations	7L	1L	-93L	-	-
Net Income to Company	91Cr	18Cr	13Cr	78Cr	73Cr
Net Income - (IS)	91Cr	18Cr	13Cr	78Cr	73Cr
Net Income to Common Incl Extra Items	91Cr	18Cr	13Cr	78Cr	73Cr
Net Income to Common Excl. Extra Items	91Cr	18Cr	14Cr	78Cr	73Cr
Per Share Items
Net EPS - Basic	0.93	0.17	0.11	0.66	0.62
Basic EPS - Continuing Operations	0.93	0.17	0.12	0.66	0.62
Basic Weighted Average Shares Outstanding	98Cr	103.2Cr	118.58Cr	118.32Cr	117.65Cr
Net EPS - Diluted	0.93	0.17	0.11	0.66	0.62
Diluted EPS - Continuing Operations	0.93	0.17	0.12	0.66	0.62
Diluted Weighted Average Shares Outstanding	98Cr	103.26Cr	118.64Cr	118.42Cr	117.86Cr
Normalized Basic EPS	0.63	0.33	0.36	0.59	0.53
Normalized Diluted EPS	0.63	0.32	0.36	0.59	0.53
Dividend Per Share	0.27	0.27	0.32	0.38	0.46
Payout Ratio	25.72	165.06	229.72	48.01	63.36
Supplemental Items
EBITDA	104.94Cr	75Cr	109.13Cr	150.3Cr	141.57Cr
EBITA	104.32Cr	74Cr	107.92Cr	148.91Cr	140.21Cr
EBIT	98Cr	58Cr	72Cr	112.43Cr	104.96Cr
Total Revenues (As Reported)	159.6Cr	149.73Cr	208.44Cr	265.26Cr	263.24Cr
Effective Tax Rate - (Ratio)	-3.51	33.03	41.85	13.67	18.75
Total Current Taxes	7.41Cr	7.25Cr	12Cr	14Cr	18Cr
Total Deferred Taxes	-10Cr	1.44Cr	-1.53Cr	-1.56Cr	-1.58Cr
Normalized Net Income	61Cr	34Cr	42Cr	70Cr	62Cr
Interest on Long-Term Debt	24L	28L	4.57Cr	4.91Cr	6.45Cr
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	2.78Cr	-	-	-
Total Stock-Based Compensation	-	2.78Cr	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	59Cr	64Cr	111.4Cr	102.4Cr	98Cr
Short Term Investments	-	-	-	430.23Cr	517.2Cr
Total Cash And Short Term Investments	59Cr	64Cr	111.4Cr	532.63Cr	615.06Cr
Accounts Receivable, Total	52Cr	92Cr	90Cr	-	-
Other Receivables	7.73Cr	36Cr	30Cr	32Cr	30Cr
Total Receivables	60Cr	127.1Cr	119.88Cr	32Cr	30Cr
Prepaid Expenses	15Cr	89Cr	59Cr	31Cr	23Cr
Other Current Assets, Total	20Cr	-	-	-	-
Total Current Assets	153.19Cr	280.11Cr	289.92Cr	595.35Cr	668.51Cr
Gross Property Plant And Equipment	17Cr	20Cr	21Cr	31Cr	32Cr
Accumulated Depreciation	-2.34Cr	-3.04Cr	-4.05Cr	-5.44Cr	-5.65Cr
Net Property Plant And Equipment	15Cr	17Cr	17Cr	25Cr	27Cr
Long-term Investments	48Cr	71Cr	75Cr	1.01Cr	1.04Cr
Goodwill	84Cr	217.22Cr	213.26Cr	222.2Cr	204.07Cr
Other Intangibles, Total	72Cr	362.47Cr	314.77Cr	294.17Cr	229.91Cr
Deferred Tax Assets Long-Term	13Cr	11Cr	9.21Cr	7.27Cr	3.36Cr
Deferred Charges Long-Term	1.51Cr	1.52Cr	1.78Cr	2.93Cr	3.26Cr
Other Long-Term Assets, Total	3.41Cr	-1L	-	-	-
Total Assets	389.17Cr	960.26Cr	920.83Cr	1.15TCr	1.14TCr
Liabilities
Accounts Payable, Total	80L	1.58Cr	1.22Cr	77L	12L
Accrued Expenses, Total	22Cr	39Cr	45Cr	53Cr	54Cr
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	2.25Cr	3.14Cr	3.43Cr	4.12Cr	3.72Cr
Current Income Taxes Payable	5.33Cr	4.04Cr	5.06Cr	5.78Cr	9.51Cr
Unearned Revenue Current, Total	1.92Cr	10Cr	7.42Cr	11Cr	14Cr
Other Current Liabilities	3.43Cr	9.48Cr	11Cr	13Cr	16Cr
Total Current Liabilities	36Cr	68Cr	73Cr	87Cr	98Cr
Long-Term Debt	50Cr	201.74Cr	202.08Cr	202.05Cr	244.36Cr
Long-Term Leases	9.54Cr	10Cr	9.12Cr	16Cr	16Cr
Deferred Tax Liability Non Current	7L	41Cr	36Cr	33Cr	27Cr
Other Non Current Liabilities	-	1L	1L	-1L	-
Total Liabilities	95Cr	320.39Cr	320.47Cr	338.51Cr	385.41Cr
Common Stock, Total	94L	1.12Cr	1.18Cr	1.18Cr	1.18Cr
Additional Paid In Capital	176.39Cr	559.32Cr	559.32Cr	559.32Cr	559.32Cr
Retained Earnings	111.68Cr	101.47Cr	85Cr	263.16Cr	263.48Cr
Comprehensive Income and Other	5.27Cr	-22Cr	-45Cr	-14Cr	-73Cr
Total Common Equity	294.28Cr	639.87Cr	600.36Cr	809.6Cr	751.39Cr
Total Equity	294.28Cr	639.87Cr	600.36Cr	809.6Cr	751.39Cr
Total Liabilities And Equity	389.17Cr	960.26Cr	920.83Cr	1.15TCr	1.14TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	99Cr	118.61Cr	118.48Cr	118.13Cr	117.16Cr
ECS Total Common Shares Outstanding	99Cr	118.61Cr	118.48Cr	118.13Cr	117.16Cr
Book Value / Share	2.98	5.39	5.07	6.85	6.41
Tangible Book Value	138.89Cr	60Cr	72Cr	293.23Cr	317.41Cr
Tangible Book Value Per Share	1.41	0.51	0.61	2.48	2.71
Total Debt	61Cr	214.89Cr	214.63Cr	222.3Cr	264.46Cr
Net Debt	2.61Cr	150.4Cr	103.23Cr	-310.33Cr	-350.6Cr
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.32Cr	1.63Cr	1.83Cr	2.54Cr	2.65Cr
Full Time Employees	1.15T	1.77T	1.82T	1.94T	1.91T

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	91Cr	18Cr	13Cr	78Cr	73Cr
Depreciation & Amortization - CF	2.36Cr	3.52Cr	4.58Cr	5.4Cr	5.36Cr
Amortization of Goodwill and Intangible Assets - (CF)	6.32Cr	16Cr	36Cr	36Cr	35Cr
Depreciation & Amortization, Total	8.68Cr	19Cr	41Cr	42Cr	41Cr
Amortization of Deferred Charges, Total - (CF)	55L	72L	83L	1.72Cr	2.27Cr
(Gain) Loss on Sale of Investments - (CF)	-7.28Cr	-59L	-2.25Cr	-27Cr	29Cr
Asset Writedown & Restructuring Costs	-5L	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	35L	26Cr	52Cr	-54Cr	-112.13Cr
Change In Accounts Receivable	-43Cr	-9.66Cr	-12Cr	-3.04Cr	3.55Cr
Change In Accounts Payable	11Cr	1.81Cr	1.76Cr	9.55Cr	7.1Cr
Cash from Operations	61Cr	55Cr	94Cr	46Cr	43Cr
Capital Expenditure	-1.15Cr	-3.08Cr	-2.31Cr	-1.75Cr	-3.47Cr
Cash Acquisitions	-63Cr	-145.55Cr	-	-	-
Sale (Purchase) of Intangible assets	-	-2L	-5L	-	-2L
Investment in Marketable and Equity Securities, Total	-24Cr	-6.04Cr	-3.97Cr	-	-
Other Investing Activities, Total	-1.66Cr	-7L	2.45Cr	1.58Cr	13L
Cash from Investing	-90Cr	-154.76Cr	-3.88Cr	-17L	-3.36Cr
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	50Cr	148.31Cr	-	-	43Cr
Total Debt Issued	50Cr	148.31Cr	-	-	43Cr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-27Cr	-3.81Cr	-3.16Cr	-3.86Cr	-3.9Cr
Total Debt Repaid	-27Cr	-3.81Cr	-3.16Cr	-3.86Cr	-3.9Cr
Issuance of Common Stock	-	-	5L	-	-
Repurchase of Common Stock	-	-	-3.8Cr	-12Cr	-30Cr
Common Dividends Paid	-23Cr	-29Cr	-30Cr	-37Cr	-46Cr
Common & Preferred Stock Dividends Paid	-23Cr	-29Cr	-30Cr	-37Cr	-46Cr
Other Financing Activities, Total	-82L	-90L	-4.77Cr	-4.47Cr	-5.63Cr
Cash from Financing	-2.03Cr	114.5Cr	-42Cr	-57Cr	-42Cr
Foreign Exchange Rate Adjustments	1.72Cr	-8.96Cr	-2.17Cr	2.16Cr	-1.73Cr
Miscellaneous Cash Flow Adjustments	-	1L	-	-	1L
Net Change in Cash	-29Cr	5.71Cr	47Cr	-9.01Cr	-4.54Cr
Supplemental Items
Cash Interest Paid	80L	87L	4.77Cr	4.47Cr	5.64Cr
Cash Income Tax Paid (Refund)	4.63Cr	9.92Cr	11Cr	13Cr	20Cr
Levered Free Cash Flow	22Cr	-37Cr	122.48Cr	147.59Cr	121.18Cr
Unlevered Free Cash Flow	23Cr	-34Cr	126.04Cr	151.37Cr	125.54Cr
Change In Net Working Capital	47Cr	90Cr	-42Cr	-39Cr	-21Cr
Net Debt Issued / Repaid	22Cr	144.5Cr	-3.16Cr	-3.86Cr	39Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	22.21	5.4	4.75	6.36	5.74
Return on Total Capital	24.96	6.02	5.35	7.07	6.41
Return On Equity %	43.21	3.77	2.24	10.01	9.32
Return on Common Equity	43.21	3.77	2.24	10.01	9.32
Margin Analysis
Gross Profit Margin %	77.16	66.51	66.16	68.19	66.51
EBITDA Margin %	65.75	49.78	52.35	56.66	53.78
EBITA Margin %	65.36	49.26	51.77	56.14	53.26
EBIT Margin %	61.4	38.9	34.31	42.38	39.87
Income From Continuing Operations Margin %	56.94	11.77	6.68	29.26	27.65
Net Income Margin %	56.98	11.77	6.23	29.26	27.65
Net Avail. For Common Margin %	56.94	11.77	6.68	29.26	27.65
Normalized Net Income Margin	38.38	22.41	20.38	26.38	23.56
Levered Free Cash Flow Margin	13.94	-24.44	58.76	55.64	46.03
Unlevered Free Cash Flow Margin	14.25	-22.61	60.47	57.06	47.69
Asset Turnover
Asset Turnover	0.58	0.22	0.22	0.24	0.23
Fixed Assets Turnover	12.28	9.42	12.19	12.53	10.16
Receivables Turnover (Average Receivables)	2.57	1.91	2.17	-	-
Short Term Liquidity
Current Ratio	4.29	4.11	3.96	6.85	6.83
Quick Ratio	3.32	2.81	3.16	6.5	6.6
Operating Cash Flow to Current Liabilities	1.71	0.81	1.29	0.53	0.44
Days Sales Outstanding (Average Receivables)	142.04	190.66	168.11	-	-
Average Days Payable Outstanding	6.51	8.66	7.24	4.32	1.84
Long Term Solvency
Total Debt/Equity	20.86	33.58	35.75	27.46	35.2
Total Debt / Total Capital	17.26	25.14	26.34	21.54	26.03
LT Debt/Equity	20.1	33.09	35.18	26.95	34.7
Long-Term Debt / Total Capital	16.63	24.77	25.91	21.14	25.67
Total Liabilities / Total Assets	24.38	33.36	34.8	29.48	33.9
EBIT / Interest Expense	122.5	13.3	12.52	18.58	15.04
EBITDA / Interest Expense	133.35	17.64	19.7	25.51	20.86
(EBITDA - Capex) / Interest Expense	131.91	16.94	19.3	25.22	20.36
Total Debt / EBITDA	0.58	2.78	1.91	1.44	1.82
Net Debt / EBITDA	0.02	1.95	0.92	-2.01	-2.41
Total Debt / (EBITDA - Capex)	0.58	2.9	1.95	1.46	1.86
Net Debt / (EBITDA - Capex)	0.02	2.03	0.94	-2.03	-2.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	125.2	-6.18	39.22	24.99	-0.76
Gross Profit, 1 Yr. Growth %	169.39	-19.13	38.5	27.65	-3.21
EBITDA, 1 Yr. Growth %	228.45	-28.98	46.42	33.1	-5.8
EBITA, 1 Yr. Growth %	232.34	-29.3	46.33	33.3	-5.84
EBIT, 1 Yr. Growth %	221.42	-40.56	22.76	49.31	-6.64
Earnings From Cont. Operations, 1 Yr. Growth %	221.32	-80.61	-21	338.09	-6.25
Net Income, 1 Yr. Growth %	139.76	-80.61	-26.32	362.36	-6.25
Normalized Net Income, 1 Yr. Growth %	215.04	-45.22	26.58	56.03	-11.36
Diluted EPS Before Extra, 1 Yr. Growth %	212.79	-81.6	-31.48	340.27	-5.79
Accounts Receivable, 1 Yr. Growth %	59.2	93.49	-2.07	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	30.82	15.75	0.59	46.82	5.84
Total Assets, 1 Yr. Growth %	139.83	146.75	-4.11	8.1	-0.99
Tangible Book Value, 1 Yr. Growth %	12.24	-56.67	20.19	37.31	8.25
Common Equity, 1 Yr. Growth %	133.04	117.44	-6.17	9.17	-7.19
Cash From Operations, 1 Yr. Growth %	288.38	-9.7	72.03	-48.74	-7.24
Capital Expenditures, 1 Yr. Growth %	38.55	167.83	-25	-24.24	98.29
Levered Free Cash Flow, 1 Yr. Growth %	102.78	-246.54	-411.08	-31.18	-17.89
Unlevered Free Cash Flow, 1 Yr. Growth %	101.93	-232.92	-444.06	-30.57	-17.06
Dividend Per Share, 1 Yr. Growth %	13.98	-1.1	20.26	15.88	23.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	68.23	45.35	14.28	33.1	11.37
Gross Profit, 2 Yr. CAGR %	88.22	47.6	5.83	34.78	11.15
EBITDA, 2 Yr. CAGR %	115.68	52.73	1.98	42.01	11.97
EBITA, 2 Yr. CAGR %	117.36	53.28	1.71	42.1	12.03
EBIT, 2 Yr. CAGR %	114.35	38.22	-14.58	38.93	18.06
Earnings From Cont. Operations, 2 Yr. CAGR %	146.62	-21.07	-60.86	109.9	102.66
Net Income, 2 Yr. CAGR %	138.7	-31.82	-62.21	109.84	108.2
Normalized Net Income, 2 Yr. CAGR %	117.23	31.37	-16.73	44.41	17.6
Diluted EPS Before Extra, 2 Yr. CAGR %	130.28	-24.14	-64.49	96.01	103.66
Accounts Receivable, 2 Yr. CAGR %	80.56	67.53	37.66	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	14.43	23.05	7.9	21.52	24.66
Total Assets, 2 Yr. CAGR %	65.03	143.26	53.82	9.34	3.46
Tangible Book Value, 2 Yr. CAGR %	15.12	-30.26	-27.84	120.74	21.92
Common Equity, 2 Yr. CAGR %	64.93	125.1	42.83	12.48	0.66
Cash From Operations, 2 Yr. CAGR %	57.98	87.27	24.64	-8.09	-31.05
Capital Expenditures, 2 Yr. CAGR %	-17.99	92.64	41.73	-24.62	22.56
Levered Free Cash Flow, 2 Yr. CAGR %	43	82.61	121.47	93.61	-24.83
Unlevered Free Cash Flow, 2 Yr. CAGR %	42.96	73.35	122.46	103.27	-24.12
Dividend Per Share, 2 Yr. CAGR %	13.91	6.17	9.06	18.05	19.44
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	59.52	38.47	43.28	18.45	20.69
Gross Profit, 3 Yr. CAGR %	71.98	42.02	44.5	13.68	20.69
EBITDA, 3 Yr. CAGR %	96.5	48.94	50.6	12.72	23.85
EBITA, 3 Yr. CAGR %	98.59	49.48	50.93	12.59	23.88
EBIT, 3 Yr. CAGR %	96.03	39.78	32.86	4.69	21.69
Earnings From Cont. Operations, 3 Yr. CAGR %	95.88	5.65	-21.04	-5.11	60.45
Net Income, 3 Yr. CAGR %	95.93	3.37	-30.04	-5.14	60.42
Normalized Net Income, 3 Yr. CAGR %	96.9	37.24	29.75	4.54	22.73
Diluted EPS Before Extra, 3 Yr. CAGR %	68.29	-0.82	-26.67	-10.92	53.54
Accounts Receivable, 3 Yr. CAGR %	180.56	79.13	40.08	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	37.31	14.87	15.06	19.57	16.05
Total Assets, 3 Yr. CAGR %	94.88	88.71	78.37	43.42	5.79
Tangible Book Value, 3 Yr. CAGR %	65.34	-16.88	-16.39	28.29	74.07
Common Equity, 3 Yr. CAGR %	107.14	80.85	68.15	40.12	5.5
Cash From Operations, 3 Yr. CAGR %	65.69	31.11	82.05	-8.63	-7.81
Capital Expenditures, 3 Yr. CAGR %	62.1	21.67	40.66	15.02	4.05
Levered Free Cash Flow, 3 Yr. CAGR %	65.59	49.82	123.48	80.8	45.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.36	44.88	123.66	81.14	50.76
Dividend Per Share, 3 Yr. CAGR %	-	8.67	10.67	11.29	19.71
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	45.68	35.66	39.6	36.3	30.01
Gross Profit, 5 Yr. CAGR %	61.44	38.32	41.62	39.08	30.81
EBITDA, 5 Yr. CAGR %	108.55	49.53	51.16	46.12	34.68
EBITA, 5 Yr. CAGR %	117.77	51.14	51.96	46.48	34.9
EBIT, 5 Yr. CAGR %	132.26	45.22	40.61	39.44	28.05
Earnings From Cont. Operations, 5 Yr. CAGR %	332.57	18.25	2.86	39.04	20.81
Net Income, 5 Yr. CAGR %	332.63	18.27	1.45	37.21	13.92
Normalized Net Income, 5 Yr. CAGR %	134.23	43.48	39.55	40.07	26.11
Diluted EPS Before Extra, 5 Yr. CAGR %	294.6	6.78	-9.69	30.25	15.81
Accounts Receivable, 5 Yr. CAGR %	111.37	156.76	107.14	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	18.03	23.44	24.69	17.48	18.8
Total Assets, 5 Yr. CAGR %	74.69	101.83	77.28	51.7	47.6
Tangible Book Value, 5 Yr. CAGR %	85.4	47.64	18.67	22.85	20.73
Common Equity, 5 Yr. CAGR %	148.75	123.79	78.52	49.56	42.86
Cash From Operations, 5 Yr. CAGR %	86.44	60.05	47.86	13.74	22.4
Capital Expenditures, 5 Yr. CAGR %	28.36	45.64	53.62	0.46	33.12
Levered Free Cash Flow, 5 Yr. CAGR %	-	77.34	90.36	68.45	61.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	72.48	90.44	68.54	61.96
Dividend Per Share, 5 Yr. CAGR %	-	-	-	12.33	14.1