Profitability, financial position and cash flow
The return on equity at the end of the period was 29 percent (28) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 78 percent (74).

At the end of the period the equity ratio amounted to 41 percent (38). Equity per share, excluding non-controlling interest, totalled SEK 26.35 (24.50). The Group's net debt at the end of the period amounted to SEK 4,697 million (5,342), excluding pension liabilities of SEK 262 million (261). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.6 (0.8).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 3,375 million (2,173) at 31 December 2025.

Cash flow from operating activities amounted to SEK 2,134 million (1,848) during the period. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 492 million (1,216). Investments in non-current assets totalled SEK 133 million (168) and disposal of non-current assets amounted to SEK 9 million (19). Repurchase of call options amounted to SEK 72 million (67). Exercised and issued call options totalled SEK 55 million (44). 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 period, the number of employees was 4,637 compared to 4,470 at the beginning of the financial year. During the period, completed acquisitions resulted in an increase of the number of employees by 132. The average number of employees in the latest twelve month period was 4,559.

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 2,351,830 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 30 September 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, was acquired to become part of the Process business area.

On 6 November, an agreement to acquire 80 percent of the shares in Axion AG, Germany, was signed to become part of the Industry business area. Axion develops and supplies camera and sensor systems for vehicles, with a focus on improved safety. The company offers customized solutions for everything from trucks to buses, passenger cars, and utility vehicles. The company has 28 employees and sales of around EUR 23 million. The closing took place on 8 January. 

On 10 December, an agreement to acquire 80 percent of the shares in Cubro Acronet GesmbH, Austria, was signed to become part of the Automation business area. Cubro is a leading manufacturer and supplier of products and solutions for monitoring, security, and analysis of datacom networks, primarily for European customers in telecommunications, data centers and defense as well as OEM manufacturers. The company has 37 employees and sales of around EUR 15 million. The closing took place on 2 January.

On 17 December, an agreement to acquire BCK Holland B.V. and Kramer & Duyvis B.V., Netherlands, were signed to become part of the Automation business area. BCK and K&D manufacture and market, in collaboration but under their own brands, conveyor systems primarily for European system integrators within packaging, food & beverage and mechanical industry. The companies have 35 employees and sales of around EUR 8 million. The closing took place on 2 January.

On 19 December, an agreement to acquire Purenviro AS, Norway, was signed to become part of the Process business area. Purenviro manufactures and offers customized solutions and services for the efficient handling of environmentally harmful and odorous gases, primarily for Norwegian customers in the energy, wastewater treatment, mining and food industries. The company has 7 employees and sales of around NOK 55 million. The closing took place on 5 January.

The purchase price allocation calculations for the acquisitions completed during the period 1 April - 31 December 2024 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 period had been completed on 1 April 2025, their impact would have been an estimated SEK 350 million on Group net sales, about SEK 40 million on operating profit and about SEK 28 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 period, the discounted value amounts to SEK 97 million. The contingent purchase considerations fall due for payment within two years and the outcome is subject to a maximum of SEK 114 million. 

Transaction costs for acquisitions that resulted in an ownership transfer during the period amounted to SEK 9 million (20) and are reported under Selling expenses.

Revaluation of contingent consideration had a positive net effect of SEK 34 million (-8) during the period. 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 period:

Parent Company
Parent Company's net sales during the period amounted to SEK 85 million (83) and profit after financial items was SEK -16 million (29). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net debt was SEK 70 million (82) at the end of the period.