Telia TELIA.ST
Public, STO, reports in SEK. Founded 1953.
Theme: Mobile.
Nordic state monopolies.
2025-08-01 — Dividend stock, avoid taxes
Financials millions, SEK
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.7bn SEK | -4.8 % | -267.5 % | – | 10.2bn SEK | 132.1 % | 408m SEK | 0.90 | 127.3 | |
| 2024 | 8.1bn SEK | -6.8 % | 45.3 % | – | 1.0bn SEK | 12.8 % | 642m SEK | 1.80 | 6.0 | |
| 2023 | 8.7bn SEK | 5.9 % | -287.1 % | – | 5.0bn SEK | 57.3 % | 303m SEK | 0.08 | 63.2 | |
| 2022 | 8.2bn SEK | – | -293.9 % | 11.3 % | -9.2bn SEK | -111.9 % | -14.6bn SEK | -3.63 | – | |
| 2026-Q2 | 20.7bn SEK | 4.6 % | 65.5 % | – | 3.7bn SEK | 17.7 % | 2.2bn SEK | 0.57 | 22.3 | |
| 2026-Q1 | 20.0bn SEK | – | 65.5 % | – | 3.1bn SEK | 15.4 % | 1.7bn SEK | 0.42 | – | |
| 2025-Q4 | 21.3bn SEK | – | 62.2 % | – | -556m SEK | -2.6 % | -1.3bn SEK | -0.33 | – | |
| 2025-Q3 | 19.9bn SEK | – | 66.7 % | – | 4.0bn SEK | 20.1 % | 2.4bn SEK | – | – | |
| 2025-Q2 | 19.8bn SEK | – | 65.9 % | – | 3.3bn SEK | 16.8 % | 2.0bn SEK | 0.50 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 20.7bn SEK | 19.8bn SEK | +918m (+5 %) |
| Op. margin | 17.7 % | 16.8 % | +0.9 pts |
| FCF | 3.2bn SEK | 3.2bn SEK | -5.0m (-0 %) |
| Op. income | 3.7bn SEK | ||
| Net income | 2.2bn SEK | ||
| EPS (diluted) | 0.57 | 14.0 % |
Cash flow millions, SEK
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 27.6bn SEK | 15.0bn SEK | 12.6bn SEK | 164.0 % | 6765.2 % | 8.1bn SEK | 17.6bn SEK | 3.6bn SEK | 1.7bn SEK |
| 2024 | 21.2bn SEK | 13.9bn SEK | 7.3bn SEK | 90.4 % | 3302.1 % | 814m SEK | 8.9bn SEK | -13.1bn SEK | -2.0bn SEK |
| 2023 | 24.7bn SEK | 15.5bn SEK | 9.2bn SEK | 106.2 % | 8142.2 % | – | – | 16.6bn SEK | 5.3bn SEK |
| 2022 | 24.0bn SEK | 15.9bn SEK | 8.1bn SEK | 98.9 % | – | – | – | -476m SEK | -7.7bn SEK |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 47.05 SEK | 2026-09-15 | |
|---|---|---|---|
| Market cap | 185.0bn SEK | 18.9bn USD | 2026-09-15 |
| 52w high | 51.68 SEK | 2026-09-15 | |
| 52w low | 34.97 SEK | 2026-09-15 | |
| Off 52w high % | -9.0 % | ||
| P/S | 22.6 | ||
| Lifetime CAGR | 2.8 % |
Notes
- 2025-08-01 opinion Dividend stock, avoid taxes