Sandvik (STO: SAND) financial statements
The consolidated income statement, balance sheet and cash flow statement of Sandvik 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 169,860m in total assets and SEK 93,166m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | SEK 120,680m | SEK 122,878m | SEK 126,503m | SEK 112,332m | SEK 99,105m | SEK 86,404m |
| Cost of sales | SEK 71,678m | SEK 73,742m | SEK 74,456m | SEK 66,962m | SEK 58,932m | SEK 54,167m |
| Gross profit | SEK 49,002m | SEK 49,136m | SEK 52,046m | SEK 45,370m | SEK 40,173m | SEK 32,237m |
| Operating profit | SEK 20,809m | SEK 18,420m | SEK 22,418m | SEK 18,592m | SEK 18,654m | SEK 11,216m |
| Finance costs | SEK 1,991m | SEK 2,787m | SEK 3,431m | SEK 1,790m | SEK 1,071m | SEK 1,110m |
| Profit before tax | SEK 19,458m | SEK 16,461m | SEK 19,794m | SEK 17,738m | SEK 18,460m | SEK 11,270m |
| Income tax | SEK 4,767m | SEK 4,216m | SEK 4,493m | SEK 4,884m | SEK 3,967m | SEK 2,517m |
| Net profit | SEK 14,690m | SEK 12,243m | SEK 15,300m | SEK 11,212m | SEK 14,461m | SEK 8,735m |
| Earnings per share | SEK 11.71 | SEK 9.76 | SEK 12.20 | SEK 8.95 | SEK 11.53 | SEK 6.96 |
| Diluted earnings per share | SEK 11.70 | SEK 9.75 | SEK 12.18 | SEK 8.94 | SEK 11.52 | SEK 6.95 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | SEK 169,860m | SEK 184,384m | SEK 174,210m | SEK 176,682m | SEK 155,517m | SEK 119,128m |
| Current assets | SEK 69,898m | SEK 73,502m | SEK 72,117m | SEK 74,993m | SEK 70,374m | SEK 63,973m |
| Inventories | SEK 33,219m | SEK 34,827m | SEK 34,301m | SEK 35,019m | SEK 29,910m | SEK 21,473m |
| Property, plant and equipment | SEK 22,339m | SEK 24,678m | SEK 22,234m | SEK 21,683m | SEK 26,076m | SEK 23,975m |
| Cash | SEK 4,958m | SEK 4,528m | SEK 4,363m | SEK 10,489m | SEK 13,585m | SEK 23,752m |
| Total liabilities | SEK 76,623m | SEK 87,385m | SEK 86,513m | SEK 95,412m | SEK 78,185m | SEK 54,046m |
| Current liabilities | SEK 36,113m | SEK 41,026m | SEK 43,878m | SEK 43,226m | SEK 42,285m | SEK 27,947m |
| Equity | SEK 93,166m | SEK 96,924m | SEK 87,631m | SEK 81,227m | SEK 77,200m | SEK 65,081m |
| Equity including minorities | SEK 93,237m | SEK 96,999m | SEK 87,697m | SEK 81,270m | SEK 77,332m | — |
| Minority interests | SEK 71.0m | SEK 75.0m | SEK 66.0m | SEK 43.0m | SEK 132.0m | SEK 1.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | SEK 19,189m | SEK 20,607m | SEK 18,797m | — | SEK 13,177m | SEK 15,347m |
| Investing cash flow | −SEK 6,364m | −SEK 7,671m | −SEK 8,505m | — | −SEK 26,191m | −SEK 4,775m |
| Financing cash flow | −SEK 11,901m | −SEK 12,988m | −SEK 16,206m | — | SEK 2,486m | −SEK 3,310m |
| Capital expenditure | SEK 2,835m | SEK 3,565m | SEK 3,872m | — | SEK 2,936m | SEK 2,684m |
| Dividends paid | SEK 7,203m | SEK 6,880m | SEK 6,261m | — | SEK 8,140m | SEK 0.0m |
Where each figure comes from
From the annual report Sandvik 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 Sandvik 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.