Afry AFRY.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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131.80

+1.62%

Close of 9 Nov 2026, in SEK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 25.76bn

FY2016FY2025

Net income

SEK 800.0m

FY2016FY2025

Free cash flow

SEK 2.13bn

FY2016FY2025

Shareholders' equity

SEK 12.68bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	SEK 25.76bn	SEK 27.16bn	SEK 26.98bn	SEK 23.55bn	SEK 20.10bn	SEK 18.99bn	SEK 19.79bn	SEK 13.97bn	SEK 12.66bn	SEK 11.07bn
Operating income	SEK 1.67bn	SEK 1.94bn	SEK 1.78bn	SEK 1.44bn	SEK 1.52bn	SEK 1.46bn	SEK 1.28bn	SEK 1.20bn	SEK 1.10bn	SEK 965.0m
Net income	SEK 800.0m	SEK 1.23bn	SEK 1.10bn	SEK 974.0m	SEK 1.13bn	SEK 933.0m	SEK 821.0m	SEK 850.0m	SEK 744.0m	SEK 726.0m
Diluted earnings per share	7.06	10.85	9.71	8.60	10.49	8.29	7.30	9.77	8.26	8.04

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	SEK 27.04bn	SEK 28.30bn	SEK 28.17bn	SEK 28.00bn	SEK 25.91bn	SEK 23.61bn	SEK 24.38bn	SEK 13.21bn	SEK 11.38bn	SEK 10.41bn
Cash and short-term investments	SEK 1.38bn	SEK 1.27bn	SEK 1.17bn	SEK 1.09bn	SEK 2.11bn	SEK 1.93bn	SEK 997.0m	SEK 239.0m	SEK 223.0m	SEK 329.0m
Total liabilities	SEK 14.36bn	SEK 15.15bn	SEK 15.72bn	SEK 15.82bn	SEK 14.92bn	SEK 13.51bn	SEK 15.01bn	SEK 7.74bn	SEK 6.39bn	SEK 5.71bn
Debt	SEK 5.72bn	SEK 7.25bn	SEK 7.86bn	SEK 7.79bn	SEK 7.65bn	SEK 6.80bn	SEK 7.81bn	SEK 3.55bn	SEK 2.76bn	—
Shareholders' equity	SEK 12.68bn	SEK 13.13bn	SEK 12.45bn	SEK 12.18bn	SEK 10.99bn	SEK 10.10bn	SEK 9.37bn	SEK 5.45bn	SEK 4.97bn	SEK 4.68bn
Shares outstanding	113m	113m	113m	113m	108m	113m	112m	87m	90m	90m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	SEK 2.22bn	SEK 1.99bn	SEK 1.79bn	SEK 1.04bn	SEK 1.50bn	SEK 2.08bn	SEK 1.99bn	SEK 874.0m	SEK 624.0m	SEK 622.0m
Capital spending	−SEK 88.0m	−SEK 133.0m	−SEK 147.0m	−SEK 151.0m	−SEK 114.0m	−SEK 182.0m	−SEK 203.0m	−SEK 125.0m	−SEK 94.0m	−SEK 99.0m
Free cash flow	SEK 2.13bn	SEK 1.86bn	SEK 1.65bn	SEK 891.0m	SEK 1.38bn	SEK 1.90bn	SEK 1.79bn	SEK 749.0m	SEK 530.0m	SEK 523.0m
Dividends paid	−SEK 680.0m	−SEK 623.0m	−SEK 623.0m	−SEK 623.0m	−SEK 566.0m	−SEK 566.0m	−SEK 560.0m	−SEK 387.0m	−SEK 350.0m	−SEK 292.0m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	SEK 6.51bn	SEK 6.33bn	SEK 6.65bn	SEK 5.69bn	SEK 6.67bn	SEK 6.75bn	SEK 7.08bn	SEK 5.99bn
Operating income	SEK 379.0m	SEK 440.0m	SEK 535.0m	SEK 319.0m	SEK 308.0m	SEK 416.0m	SEK 544.0m	SEK 315.0m
Net income	SEK 194.0m	SEK 240.0m	SEK 220.0m	SEK 137.0m	SEK 193.0m	SEK 250.0m	SEK 348.0m	SEK 149.0m
Diluted earnings per share	1.71	2.12	1.94	1.21	1.70	2.21	3.07	1.32
Cash from operations	SEK 830.0m	−SEK 74.0m	SEK 1.33bn	SEK 417.0m	SEK 353.0m	SEK 117.0m	SEK 1.30bn	SEK 162.0m
Capital spending	−SEK 29.0m	−SEK 11.0m	−SEK 25.0m	−SEK 18.0m	−SEK 24.0m	−SEK 20.0m	−SEK 28.0m	−SEK 23.0m
Free cash flow	SEK 801.0m	−SEK 85.0m	SEK 1.31bn	SEK 399.0m	SEK 329.0m	SEK 97.0m	SEK 1.28bn	SEK 139.0m
Total assets	SEK 28.31bn	SEK 28.18bn	SEK 27.04bn	SEK 27.05bn	SEK 27.39bn	SEK 26.93bn	SEK 28.30bn	SEK 28.08bn
Cash and short-term investments	SEK 1.20bn	SEK 2.13bn	SEK 1.38bn	SEK 756.0m	SEK 761.0m	SEK 884.0m	SEK 1.27bn	SEK 863.0m
Debt	SEK 6.40bn	SEK 6.66bn	SEK 5.72bn	SEK 1.03bn	SEK 6.30bn	SEK 5.98bn	SEK 6.26bn	SEK 1.13bn
Shareholders' equity	SEK 12.75bn	SEK 13.13bn	SEK 12.68bn	SEK 12.60bn	SEK 12.53bn	SEK 12.88bn	SEK 13.13bn	SEK 12.66bn

Financial ratios

Data as of 30 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Operating margin	6.5%	7.1%	6.6%	6.1%	7.6%	7.7%
Net margin	3.1%	4.5%	4.1%	4.1%	5.6%	4.9%
Return on equity	6.3%	9.4%	8.8%	8.0%	10.3%	9.2%
Return on assets	3.0%	4.3%	3.9%	3.5%	4.4%	4.0%
Free cash flow yield	19.8%	18.3%	16.7%	10.2%	14.6%	19.6%
Revenue growth	-5.2%	0.7%	14.5%	17.2%	5.9%	-4.0%
Earnings growth	-34.9%	11.7%	12.9%	-13.7%	21.0%	13.6%
Current ratio	1.04x	1.23x	1.11x	1.08x	1.15x	1.05x
Debt to equity	0.45x	0.48x	0.52x	0.51x	0.54x	0.49x
Equity ratio	46.9%	46.4%	44.2%	43.5%	42.4%	42.8%
Interest coverage	2.74x	4.76x	4.41x	7.08x	10.22x	7.70x
Buybacks as a share of market value	0.0%	0.0%	0.0%	-5.2%	4.4%	-0.1%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	3.0%	6.3%	10.1%
Operating income	4.9%	2.7%	7.1%
Net income	-6.3%	-3.0%	2.8%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Operating margin	6.8%	6.6%	6.9%	7.2%
Net margin	3.8%	4.0%	4.3%	4.7%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	21.2	14.2	14.4	19.9	24.3	30.3	29.9	14.6	19.5	18.5
Price to sales	0.7	0.6	0.6	0.8	1.4	1.5	1.2	0.9	1.1	1.2

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 29 Apr 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2019	FY2018
Paid in the year	6.00	6.00	5.50	5.50	5.50	5.00	5.00	4.451

2-for-1 split · 13 Jun 2014
2-for-1 split · 31 May 2010
2-for-1 split · 2 May 2006

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Afry AFRY.ST · SEK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology