Balder (STO: BALD-B) financial statements
The consolidated income statement, balance sheet and cash flow statement of Balder 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 276,292m in total assets and SEK 93,852m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Finance costs | SEK 4,680m | SEK 4,976m | SEK 4,419m | SEK 2,559m | SEK 1,889m | SEK 1,511m |
| Profit before tax | SEK 9,582m | SEK 4,686m | −SEK 8,954m | SEK 12,988m | SEK 22,781m | SEK 9,083m |
| Income tax | SEK 1,591m | SEK 1,045m | −SEK 1,254m | SEK 1,999m | SEK 3,196m | SEK 1,807m |
| Net profit | SEK 7,621m | SEK 3,304m | −SEK 6,746m | SEK 10,175m | SEK 18,508m | SEK 6,641m |
| Earnings per share | SEK 6.41 | SEK 2.82 | −SEK 6.03 | SEK 9.09 | SEK 16.54 | — |
| Diluted earnings per share | SEK 5.86 | SEK 2.82 | −SEK 5.85 | SEK 9.09 | SEK 16.54 | — |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | SEK 276,292m | SEK 267,926m | SEK 253,748m | SEK 263,775m | SEK 229,933m | SEK 180,401m |
| Current assets | SEK 21,189m | SEK 12,014m | SEK 10,532m | SEK 11,920m | SEK 8,449m | SEK 11,636m |
| Property, plant and equipment | SEK 303.0m | SEK 345.0m | SEK 387.0m | SEK 272.0m | SEK 186.0m | SEK 160.0m |
| Goodwill | SEK 136.0m | SEK 0.0m | — | — | — | — |
| Cash | SEK 5,715m | SEK 3,381m | SEK 2,402m | SEK 3,977m | SEK 1,299m | SEK 4,468m |
| Total liabilities | SEK 169,801m | SEK 166,190m | SEK 159,762m | SEK 160,866m | SEK 141,366m | SEK 112,516m |
| Current liabilities | SEK 21,760m | SEK 23,227m | SEK 17,711m | SEK 21,159m | SEK 18,069m | SEK 16,735m |
| Equity | SEK 93,852m | SEK 88,420m | SEK 82,313m | SEK 90,194m | SEK 77,606m | SEK 58,209m |
| Equity including minorities | SEK 106,491m | SEK 101,735m | SEK 93,987m | SEK 102,909m | SEK 88,567m | SEK 67,885m |
| Minority interests | SEK 12,639m | SEK 13,315m | SEK 11,674m | SEK 12,715m | SEK 10,961m | SEK 9,676m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | SEK 4,039m | SEK 4,738m | SEK 4,857m | SEK 5,050m | SEK 1,526m | SEK 6,520m |
| Investing cash flow | −SEK 9,857m | −SEK 9,435m | −SEK 6,209m | −SEK 12,915m | −SEK 29,879m | −SEK 16,993m |
| Financing cash flow | SEK 8,223m | SEK 5,650m | −SEK 212.0m | SEK 10,497m | SEK 25,117m | SEK 13,563m |
Where each figure comes from
From the annual report Balder 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 Balder 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.