AAK (STO: AAK) financial statements
The consolidated income statement, balance sheet and cash flow statement of AAK for its last 6 fiscal years, as filed with the regulator, in millions of Swedish kronor. At the end of fiscal 2025 it had SEK 32,622m in total assets and SEK 19,897m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | SEK 46,021m | SEK 45,052m | SEK 46,028m | SEK 50,425m | SEK 35,452m | SEK 27,934m |
| Operating profit | SEK 4,675m | SEK 4,896m | SEK 4,116m | SEK 2,538m | SEK 2,089m | SEK 2,167m |
| Finance costs | SEK 256.0m | SEK 338.0m | SEK 375.0m | SEK 257.0m | SEK 121.0m | SEK 146.0m |
| Profit before tax | SEK 4,504m | SEK 4,660m | SEK 3,824m | SEK 2,350m | SEK 1,987m | SEK 2,040m |
| Income tax | SEK 1,068m | SEK 1,118m | SEK 870.0m | SEK 570.0m | SEK 540.0m | SEK 459.0m |
| Net profit | SEK 3,429m | SEK 3,536m | SEK 2,946m | SEK 1,770m | SEK 1,437m | SEK 1,563m |
| Earnings per share | SEK 13.21 | SEK 13.62 | SEK 11.35 | SEK 6.84 | SEK 5.59 | SEK 6.16 |
| Diluted earnings per share | SEK 13.16 | SEK 13.57 | SEK 11.35 | SEK 6.84 | SEK 5.58 | SEK 6.13 |
| Depreciation and amortisation | — | SEK 862.0m | SEK 877.0m | SEK 799.0m | SEK 958.0m | SEK 755.0m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | SEK 32,622m | SEK 34,386m | SEK 30,551m | SEK 33,990m | SEK 27,166m | SEK 22,278m |
| Current assets | SEK 21,411m | SEK 22,642m | SEK 18,814m | SEK 23,104m | SEK 18,036m | SEK 13,331m |
| Inventories | SEK 11,752m | SEK 11,872m | SEK 8,656m | SEK 11,174m | SEK 9,054m | SEK 6,569m |
| Property, plant and equipment | SEK 7,877m | SEK 8,078m | SEK 7,493m | SEK 6,944m | SEK 5,720m | SEK 5,601m |
| Goodwill | SEK 2,108m | SEK 2,333m | SEK 2,712m | SEK 2,538m | SEK 2,270m | SEK 2,103m |
| Cash | SEK 1,566m | SEK 1,911m | SEK 1,503m | SEK 1,515m | SEK 1,001m | SEK 1,200m |
| Current liabilities | SEK 10,763m | SEK 11,704m | SEK 9,637m | SEK 13,935m | SEK 12,155m | SEK 8,638m |
| Equity | SEK 19,897m | SEK 20,087m | SEK 17,117m | SEK 15,036m | SEK 11,783m | SEK 9,699m |
| Equity including minorities | SEK 19,968m | SEK 20,149m | SEK 17,173m | SEK 15,083m | SEK 11,831m | SEK 9,738m |
| Minority interests | SEK 71.0m | SEK 62.0m | SEK 56.0m | SEK 47.0m | SEK 48.0m | SEK 39.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | SEK 862.0m | SEK 2,352m | SEK 5,314m | −SEK 73.0m | SEK 508.0m | SEK 2,023m |
| Investing cash flow | −SEK 1,295m | −SEK 598.0m | −SEK 1,203m | −SEK 1,233m | −SEK 650.0m | −SEK 1,150m |
| Financing cash flow | SEK 244.0m | −SEK 1,326m | −SEK 4,061m | SEK 1,793m | −SEK 65.0m | −SEK 570.0m |
| Capital expenditure | SEK 1,263m | SEK 1,198m | SEK 1,205m | SEK 1,215m | SEK 613.0m | SEK 709.0m |
| Dividends paid | SEK 1,298m | SEK 960.0m | SEK 714.0m | SEK 646.0m | SEK 590.0m | SEK 536.0m |
Where each figure comes from
From the annual report AAK files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the AAK page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.