Telefonaktiebolaget LM Ericsson (publ) (ERIC) Financial Statements

Executive TeamFinancials

Telefonaktiebolaget LM Ericsson (publ) financial statements at a glance

Telefonaktiebolaget LM Ericsson (publ) reported revenue of 236.68 billion SEK for fiscal year 2025 (ended December 31, 2025), down 4.5% from fiscal year 2024. Net income was 28.43 billion SEK, a net margin of 12.0%, and diluted earnings per share were 8.51 SEK.

At the end of fiscal year 2025 it had total assets of 279.22 billion SEK, total liabilities of 168.96 billion SEK and shareholders' equity of 109.54 billion SEK, with cash and short-term investments of 57.49 billion SEK and total debt of 40.26 billion SEK.

Its operations brought in 32.95 billion SEK of cash; capital spending was 3.77 billion SEK, leaving free cash flow of 29.19 billion SEK.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in SEK; latest fiscal year ended December 31, 2025.

ERIC logo

Telefonaktiebolaget LM Ericsson (publ)

ERICSweden
Technology
SEK (Local)

Income Statement

Annual • SEK

Total Revenue
236.68B
Prev Year: 247.88B
YoY: -4.5%
Operating Revenue
236.68B
Prev Year: 247.88B
YoY: -4.5%
Normalized EBITDA
41.37B
Prev Year: 18.06B
YoY: +129.1%
Tax Rate for Calcs
0.25
Prev Year: 0
Tax Effect of Unusual Items
2.14B
Prev Year: -390.58M
YoY: +648.8%
Diluted NI Available to Com Stockholders
28.43B
Prev Year: 20.00M
YoY: +142040.0%
Other Income Expense
8.62B
Prev Year: -2.14B
YoY: +502.3%
Special Income Charges
301.00M
Prev Year: -1.53B
YoY: +119.6%
Gain on Sale of Property, Plant and Equipment
62.00M
Prev Year: -8.00M
YoY: +875.0%
Write-offs
-239.00M
Prev Year: 265.00M
YoY: -190.2%
Equity in Earnings of Affiliates
54.00M
Prev Year: -246.00M
YoY: +122.0%
Gain on Sale of Securities
8.26B
Prev Year: -363.00M
YoY: +2376.0%
Cost of Revenue
124.01B
Prev Year: 138.51B
YoY: -10.5%
Gross Profit
112.67B
Prev Year: 109.36B
YoY: +3.0%
Operating Expense
82.28B
Prev Year: 103.13B
YoY: -20.2%
Selling General and Administrative
33.69B
Prev Year: 51.66B
YoY: -34.8%
Research and Development
48.85B
Prev Year: 53.51B
YoY: -8.7%
Other Operating Expenses
-262.00M
Prev Year: -2.04B
YoY: +87.2%
Operating Income
30.39B
Prev Year: 6.24B
YoY: +387.3%
Net Non Operating Interest Income Expense
-708.00M
Prev Year: -1.51B
YoY: +53.0%
Non-operating Interest Income
2.32B
Prev Year: 1.98B
YoY: +17.5%
Non-operating Interest Expense
2.72B
Prev Year: 3.55B
YoY: -23.5%
Total Other Finance Cost
311.00M
Prev Year: -71.00M
YoY: +538.0%
Pre-tax Income
38.30B
Prev Year: 2.59B
YoY: +1379.4%
Provision for Income Taxes
9.59B
Prev Year: 2.21B
YoY: +332.9%
Net Income Common Stockholders
28.43B
Prev Year: 20.00M
YoY: +142040.0%
Net Income
28.43B
Prev Year: 20.00M
YoY: +142040.0%
Net Income Including Non-Controlling Interests
28.71B
Prev Year: 374.00M
YoY: +7577.5%
Net Income from Continuing Operations
28.71B
Prev Year: 374.00M
YoY: +7577.5%
Noncontrolling Interests
-286.00M
Prev Year: -354.00M
YoY: +19.2%
Basic EPS
8.53
Prev Year: 0.01
YoY: +85200.0%
Diluted EPS
8.51
Prev Year: 0.01
YoY: +85000.0%
Weighted Average Shares (basic)
3.33B
Prev Year: 3.33B
YoY: +0.0%
Weighted Average Shares (diluted)
3.34B
Prev Year: 3.34B
YoY: +0.1%
Total Expenses
206.29B
Prev Year: 241.64B
YoY: -14.6%
Net Income from Continuing and Discontinued Operation
28.43B
Prev Year: 20.00M
YoY: +142040.0%
Normalized Income
22.01B
Prev Year: 1.53B
YoY: +1342.8%
Total Operating Income as Reported
-
Interest Income
2.32B
Prev Year: 1.98B
YoY: +17.5%
Interest Expense
2.72B
Prev Year: 3.55B
YoY: -23.5%
Net Interest Income
-708.00M
Prev Year: -1.51B
YoY: +53.0%
EBIT
41.02B
Prev Year: 6.14B
YoY: +567.8%
EBITDA
49.93B
Prev Year: 16.16B
YoY: +208.9%
Reconciled Cost of Revenue
124.01B
Prev Year: 138.51B
YoY: -10.5%
Reconciled Depreciation
8.91B
Prev Year: 10.02B
YoY: -11.1%
Net Income from Continuing Operation Net Minority Interest
28.43B
Prev Year: 20.00M
YoY: +142040.0%
Total Unusual Items Excluding Goodwill
8.56B
Prev Year: -1.90B
YoY: +551.6%
Total Unusual Items
8.56B
Prev Year: -1.90B
YoY: +551.6%
Values in SEK

Telefonaktiebolaget LM Ericsson (publ) key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue236.7B SEK247.9B SEK263.4B SEK271.5B SEK232.3B SEK
Gross profit112.7B SEK109.4B SEK101.6B SEK113.3B SEK100.7B SEK
Operating income30.4B SEK6.2B SEK12.0B SEK26.8B SEK31.2B SEK
Net income28.4B SEK20.0M SEK-26.4B SEK18.7B SEK22.7B SEK
Diluted EPS8.51 SEK0.01 SEK-7.94 SEK5.62 SEK6.81 SEK
Total assets279.2B SEK292.4B SEK297.0B SEK349.5B SEK305.6B SEK
Total liabilities169.0B SEK199.4B SEK199.6B SEK216.2B SEK198.5B SEK
Shareholders' equity109.5B SEK94.3B SEK98.7B SEK134.8B SEK108.8B SEK
Cash and short-term investments57.5B SEK60.8B SEK50.3B SEK52.0B SEK69.7B SEK
Total debt40.3B SEK45.5B SEK54.3B SEK42.2B SEK41.1B SEK
Operating cash flow33.0B SEK46.3B SEK7.2B SEK30.9B SEK39.1B SEK
Capital spending3.8B SEK3.6B SEK5.5B SEK6.2B SEK4.6B SEK
Free cash flow29.2B SEK42.6B SEK1.7B SEK24.7B SEK34.4B SEK

In SEK. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Telefonaktiebolaget LM Ericsson (publ)'s revenue in fiscal year 2025?

236.68 billion SEK, down 4.5% from 247.88 billion SEK in fiscal year 2024.

How much profit does Telefonaktiebolaget LM Ericsson (publ) make?

Telefonaktiebolaget LM Ericsson (publ) reported net income of 28.43 billion SEK for fiscal year 2025 (12.0% of revenue); operating income was 30.39 billion SEK.

How much cash and debt does Telefonaktiebolaget LM Ericsson (publ) have?

At the end of fiscal year 2025: cash and short-term investments of 57.49 billion SEK and total debt of 40.26 billion SEK.

What is Telefonaktiebolaget LM Ericsson (publ)'s free cash flow?

29.19 billion SEK in fiscal year 2025 (operating cash flow of 32.95 billion SEK minus capital spending of 3.77 billion SEK).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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