Profitability, financial position and cash flow
The return on equity at the end of the financial year was 29 percent (29) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 81 percent (76).

At the end of the financial year the equity ratio amounted to 39 percent (38). Equity per share, excluding non-controlling interest, totalled SEK 28.90 (24.55). The Group's net debt at the end of the financial year amounted to SEK 5,658 million (5,018), excluding pension liabilities of SEK 241 million (262). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.7 (0.7).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 3,950 million (2,472) at 31 March 2026.

During the fourth quarter of the 2025/2026 financial year, the financing structure was strengthened through the refinancing of existing long-term credit agreements. Addtech AB refinanced a term loan of SEK 2,000 million and a revolving credit facility of SEK 3,500 million, of which SEK 1,500 million was unutilized as of 31 March 2026.

Cash flow from operating activities amounted to SEK 2,996 million (2,709) during the financial year. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 1,581 million (1,602). Investments in non-current assets totalled SEK 182 million (232) and disposal of non-current assets amounted to SEK 7 million (36). Repurchase of call options amounted to SEK 85 million (80). Exercised and issued call options totalled SEK 56 million (46). Dividend paid to the shareholders of the Parent Company totalled SEK 864 million (755), corresponding to SEK 3.20 (2.80) per share. The dividend was paid out in the second quarter.

Employees
At the end of the financial year, the number of employees was 4,861 compared to 4,470 at the beginning of the financial year. During the financial year, completed acquisitions resulted in an increase of the number of employees by 410. The average number of employees in the latest twelve month period was 4,631.

Ownership structure
At the end of the period the share capital amounted to SEK 51.1 million.

Addtech has four outstanding call option programmes for a total of 2,257,530 shares. Call options issued on repurchased shares entail a dilution effect of about 0.1 percent during the latest twelve month period. Addtech's own shareholdings fully meet the needs of the outstanding call option programmes.

Acquisitions and disposal

During the period, 1 April to 31 December 2025 the following acquisitions were completed; AMP Power Protection Ltd., Great Britain, and innovatek OS GmbH, Germany, were acquired to become part of the Electrification business area. Novatech Analytical Solutions Inc., Canada, and Purenviro AS, Norway, were acquired to become part of the Process business area. BCK Holland B.V. and Kramer & Duyvis B.V., Netherlands, and Cubro Acronet GesmbH, Austria, were acquired to become part of the Automation business area. Axion AG, Germany, was acquired to become part of the Industry business area.

On 11 February, 90 percent of the shares in Kapp Nederland B.V., Netherlands, were acquired to become part of the Process business area. Kapp develops and supplies customised industrial heat exchange solutions for enhanced energy efficiency in the process industry. The company has 15 employees and sales of around EUR 14 million.

On 10 March, RAMME Electric Machines GmbH, Germany, was acquired to become part of the Electrification business area. RAMME is a leading manufacturer of electric motors and generators for maritime electrification, focusing on propulsion, dynamic positioning, and hybrid operation for medium-sized specialized vessels. The company has 156 employees and sales of around EUR 38 million.

The purchase price allocation calculations for the acquisitions completed during the period 1 April 2024 - 31 March 2025 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2024/2025 financial year are distributed among the Group’s business areas as follows:

If all acquisitions which have taken effect during the financial year had been completed on 1 April 2025, their impact would have been an estimated SEK 1,575 million on Group net sales, about SEK 220 million on operating profit and about SEK 140 million on profit after tax for the period.

Addtech normally employs an acquisition structure comprising basic purchase consideration and contingent consideration. The outcome of contingent purchase considerations is determined by the future earnings reached by the companies and is subject to a fixed maximum level. Of considerations not yet paid for acquisitions during the financial year, the discounted value amounts to SEK 404 million. The contingent purchase considerations fall due for payment within three years and the outcome is subject to a maximum of SEK 468 million. 

Transaction costs for acquisitions that resulted in an ownership transfer during the financial year amounted to SEK 19 million (24) and are reported under Selling expenses.

Revaluation of contingent consideration had a positive net effect of SEK 79 million (11) during the financial year. The impact on profits is reported under Other operating income and Other operating expenses, respectively.

According to the preliminary acquisitions analyses, the assets and liabilities included in the acquisitions were as follows, during the financial year:

Parent Company
Parent Company's net sales during the financial year amounted to SEK 115 million (112) and profit after financial items was SEK 879 million (806). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 772 million (648) at the end of the financial year.