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Skanska 2025 Year-End Report

On February 6, 2026, Skanska announced its year-end results for the fiscal year ending December 31, 2025. The report highlights a remarkable performance across various segments, showcasing a robust growth trajectory.

Revenue Increase

The reported revenue for the year reached SEK 179.3 billion, compared to SEK 177.2 billion in 2024, marking an increase of 6 percent when adjusted for currency fluctuations. In the last quarter alone, revenue totalled SEK 48.7 billion, with a 4 percent increase after accounting for currency effects. This steady growth demonstrates Skanska's resilient market position and effective operational strategies during a fluctuating economic environment.

Operating Income and Earnings

Operating income for the year was SEK 7.2 billion, slightly up from SEK 7.1 billion in the previous year. Moreover, in Q4, operating income also increased to SEK 3.0 billion from SEK 2.7 billion, representing a 15 percent rise after currency adjustments. Encouragingly, earnings per share climbed to SEK 15.09 for the full year, up from SEK 14.12 in 2024.

Strong Dividend Proposal

Reflecting confidence in the company’s future and financial health, Skanska's Board of Directors has proposed an increased dividend of SEK 14.00 per share, compared to SEK 8.00 the previous year. This includes an ordinary share dividend of SEK 8.50 and an additional SEK 5.50 as an extra dividend. Such a move illustrates Skanska's commitment to returning value to its shareholders while maintaining a focus on sustainable growth.

Cash Flow Overview

Although operating cash flow from operations decreased to SEK 3.6 billion from SEK 6.7 billion, the company maintains a solid net receivable balance of SEK 11.5 billion as of September 30, 2025. This situation indicates efficient management of receivables despite the cash flow decline.

Construction Segment Performance

In the construction segment, order bookings totaled SEK 179.5 billion for the year, although this represented a decrease compared to SEK 207.9 billion in 2024. The order backlog remained static quarter-over-quarter, showcasing stability amid a competitive market. Skanska's construction operations recorded an operating margin of 5.6 percent in Q4, improving from 4.5 percent a year earlier, and an all-time high annual operating income of SEK 7.1 billion.

Project Development Insights

Operating income from project development amounted to SEK 0.7 billion for both the fourth quarter and the full year, despite facing asset impairment charges of SEK 0.8 billion. The return on capital employed in this segment was 1.8 percent, a decrease from the previous year's 2.6 percent, reflecting market challenges in project delivery and execution.

Future Outlook

The company continues to display a comprehensive approach to navigating the construction market's challenges. Skanska’s robust financial results, dividends increase, and operational efficiency set the stage for future growth. Investors can tune in to the live webcast for further insights into the year-end report, which will also feature a Q&A session with executive leadership.

For further updates and detailed financial disclosures, stakeholders and interested parties are encouraged to visit Skanska’s investor relations page.

In conclusion, Skanska’s impressive performance throughout 2025 underscores its operational strength and responsiveness to market dynamics, positioning the firm competitively for 2026 and beyond.