Axfood (STO: AXFO) financial statements
The consolidated income statement, balance sheet and cash flow statement of Axfood 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 36,913m in total assets and SEK 7,508m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Cost of sales | SEK 76,020m | SEK 71,826m | SEK 69,785m | SEK 63,392m | SEK 48,945m | SEK 45,148m |
| Gross profit | SEK 13,132m | SEK 12,231m | SEK 11,326m | SEK 10,083m | SEK 8,946m | SEK 8,548m |
| Operating profit | SEK 3,572m | SEK 3,290m | SEK 3,353m | SEK 3,101m | SEK 2,704m | SEK 2,510m |
| Finance costs | SEK 579.0m | SEK 456.0m | SEK 384.0m | SEK 193.0m | SEK 134.0m | SEK 132.0m |
| Profit before tax | SEK 3,031m | SEK 2,885m | SEK 3,037m | SEK 2,935m | SEK 2,582m | SEK 2,394m |
| Net profit | SEK 2,339m | SEK 2,192m | SEK 2,357m | SEK 2,360m | SEK 2,150m | SEK 1,908m |
| Earnings per share | SEK 10.84 | SEK 10.16 | SEK 10.92 | SEK 11.04 | SEK 10.28 | SEK 9.12 |
| Diluted earnings per share | SEK 10.79 | SEK 10.11 | SEK 10.87 | SEK 10.99 | SEK 10.24 | SEK 9.09 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | SEK 36,913m | SEK 35,432m | SEK 30,018m | SEK 28,618m | SEK 23,731m | SEK 18,814m |
| Current assets | SEK 9,892m | SEK 8,805m | SEK 8,851m | SEK 8,459m | SEK 7,506m | SEK 6,441m |
| Inventories | — | — | — | — | SEK 3,136m | SEK 2,670m |
| Property, plant and equipment | SEK 6,668m | SEK 6,525m | SEK 6,019m | SEK 5,294m | SEK 3,815m | SEK 2,912m |
| Goodwill | SEK 4,848m | SEK 4,769m | SEK 3,606m | SEK 3,526m | SEK 3,846m | SEK 2,769m |
| Cash | SEK 1,077m | SEK 735.0m | SEK 688.0m | SEK 559.0m | SEK 734.0m | SEK 1,534m |
| Current liabilities | SEK 13,923m | SEK 13,166m | SEK 13,718m | SEK 12,743m | SEK 12,059m | SEK 8,237m |
| Equity | SEK 7,508m | SEK 7,053m | SEK 6,877m | SEK 6,609m | SEK 4,952m | SEK 4,331m |
| Equity including minorities | SEK 7,830m | SEK 7,388m | SEK 7,185m | SEK 6,901m | SEK 5,176m | SEK 4,563m |
| Minority interests | SEK 323.0m | SEK 335.0m | SEK 308.0m | SEK 292.0m | SEK 224.0m | SEK 232.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | SEK 6,751m | SEK 5,459m | SEK 5,807m | SEK 5,927m | SEK 4,590m | SEK 4,851m |
| Investing cash flow | −SEK 1,767m | −SEK 3,184m | −SEK 2,210m | −SEK 2,778m | −SEK 3,842m | −SEK 1,080m |
| Financing cash flow | −SEK 4,643m | −SEK 2,227m | −SEK 3,468m | −SEK 3,324m | −SEK 1,548m | −SEK 3,036m |
| Capital expenditure | SEK 1,379m | SEK 1,109m | SEK 1,523m | SEK 2,219m | SEK 1,516m | SEK 817.0m |
| Dividends paid | SEK 1,938m | SEK 1,834m | SEK 1,759m | SEK 1,646m | SEK 1,569m | SEK 1,517m |
Where each figure comes from
From the annual report Axfood 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 Axfood 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.