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B

Balco Group BALCO.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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13.45

+0.75%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 1.30bn

FY2016FY2025

Net income

−SEK 35.8m

FY2016FY2025

Free cash flow

SEK 10.8m

FY2016FY2025

Shareholders' equity

SEK 732.5m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 1.30bnSEK 1.42bnSEK 1.21bnSEK 1.33bnSEK 1.12bnSEK 1.20bnSEK 1.22bnSEK 1.06bnSEK 989.0mSEK 801.6m
Gross profitSEK 159.5mSEK 247.9mSEK 245.4mSEK 287.6mSEK 296.2mSEK 289.4mSEK 299.1mSEK 252.9mSEK 241.3mSEK 180.5m
Research and development————SEK 10.0mSEK 10.0mSEK 9.0mSEK 10.4mSEK 8.6mSEK 10.7m
Operating income−SEK 18.7mSEK 34.8mSEK 70.4mSEK 103.4mSEK 118.0mSEK 115.4mSEK 140.4mSEK 105.6mSEK 92.3mSEK 63.6m
Net income−SEK 35.8mSEK 1.1mSEK 45.9mSEK 76.2mSEK 90.2mSEK 77.6mSEK 102.8mSEK 76.8mSEK 37.7mSEK 12.1m
Diluted earnings per share-1.560.052.103.484.013.594.803.581.760.18

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 1.72bnSEK 1.62bnSEK 1.27bnSEK 1.30bnSEK 1.25bnSEK 1.22bnSEK 1.11bnSEK 1.06bnSEK 885.4mSEK 714.3m
Cash and short-term investmentsSEK 158.1mSEK 103.1mSEK 2.8mSEK 51.9mSEK 117.5mSEK 214.1mSEK 119.4mSEK 87.0mSEK 106.5mSEK 21.7m
Total liabilitiesSEK 986.3mSEK 831.7mSEK 519.3mSEK 565.6mSEK 553.6mSEK 624.7mSEK 591.3mSEK 622.7mSEK 499.0mSEK 574.8m
DebtSEK 540.1mSEK 425.8mSEK 244.4mSEK 156.7mSEK 214.5mSEK 259.4mSEK 281.3mSEK 281.7mSEK 196.5mSEK 381.8m
Shareholders' equitySEK 732.5mSEK 788.7mSEK 746.1mSEK 729.8mSEK 692.0mSEK 598.6mSEK 514.5mSEK 440.5mSEK 386.4mSEK 139.5m
Shares outstanding23m23m22m22m23m22m21m21m21m68m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 15.0mSEK 85.3m−SEK 26.1mSEK 153.0mSEK 62.5mSEK 111.7mSEK 97.1mSEK 28.0mSEK 155.4mSEK 61.3m
Capital spending−SEK 4.2m−SEK 13.1m−SEK 13.3m−SEK 24.1m−SEK 13.6m−SEK 14.8m−SEK 10.8m−SEK 25.9m−SEK 55.0m−SEK 25.1m
Free cash flowSEK 10.8mSEK 72.2m−SEK 39.4mSEK 128.9mSEK 48.9mSEK 96.9mSEK 86.3mSEK 2.0mSEK 100.3mSEK 36.2m
Dividends paid−SEK 400,000—−SEK 32.9m−SEK 43.8m−SEK 43.8m−SEK 43.8m−SEK 42.9m−SEK 21.4m−SEK 21.4m−SEK 21.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 369.7mSEK 298.8mSEK 371.3mSEK 276.8mSEK 331.1mSEK 315.9mSEK 386.5mSEK 331.0m
Gross profitSEK 61.0mSEK 47.8mSEK 57.5mSEK 42.1mSEK 54.6mSEK 5.4mSEK 58.2mSEK 53.5m
Operating incomeSEK 10.9m−SEK 1.6mSEK 8.7mSEK 1.6mSEK 5.4m−SEK 35.1mSEK 4.9mSEK 9.5m
Net income−SEK 1.5m−SEK 700,000−SEK 500,000−SEK 5.4mSEK 100,000−SEK 30.0m−SEK 1.7m−SEK 700,000
Diluted earnings per share-0.07-0.03-0.02-0.230.00-1.30-0.07-0.03
Cash from operations−SEK 87.0mSEK 19.0mSEK 118.0m−SEK 9.0m−SEK 49.0m−SEK 45.0mSEK 53.0m−SEK 19.0m
Capital spending————−SEK 10.0m−SEK 1.0m−SEK 7.0m−SEK 2.0m
Free cash flow————−SEK 59.0m−SEK 46.0mSEK 46.0m−SEK 21.0m
Total assetsSEK 1.66bnSEK 1.69bnSEK 1.72bnSEK 1.69bnSEK 1.65bnSEK 1.59bnSEK 1.62bnSEK 1.63bn
Cash and short-term investmentsSEK 80.9mSEK 169.4mSEK 158.1mSEK 48.1mSEK 13.8mSEK 23.5mSEK 103.1mSEK 39.4m
DebtSEK 493.5mSEK 495.1mSEK 540.1mSEK 538.1mSEK 493.1mSEK 419.9mSEK 425.8mSEK 350.1m
Shareholders' equitySEK 733.7mSEK 734.0mSEK 732.5mSEK 740.1mSEK 748.7mSEK 752.2mSEK 788.7mSEK 794.0m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.0%1.5%7.3%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin15.0%17.9%20.1%21.6%
Operating margin0.6%3.6%5.6%7.2%
Net margin-1.3%1.7%3.4%4.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings-11.1—22.012.634.326.619.614.035.3
Price to sales0.30.60.80.72.81.71.61.01.3

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 8 Nov 2023.

FY2023FY2022FY2019FY2018
Paid in the year1.502.002.001.00

Sources and methodology

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

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