As of March 31, 2026, Electrolux Group had a financial net debt (excluding lease liabilities and post-employment provisions) of SEK 30,597m, compared to the financial net debt of SEK 26,532m as of March 31, 2025 and SEK 24,593m as of December 31, 2025. The increase in the first quarter 2026 was mainly driven by a negative cash flow.
Net provisions for post-employment benefits amounted to a surplus of SEK 360m and lease liabilities amounted to SEK 3,808m as of March 31, 2026. In total, net debt amounted to SEK 34,045m, an increase of SEK 5,868m compared to SEK 28,176m as of December 31, 2025 and an increase of SEK 3,203m compared to March 31, 2025.
Long-term borrowings and long-term borrowings with maturities within 12 months, amounted to a total of SEK 37,392m as of March 31, 2026, with an average maturity of 2.7 years, compared to SEK 36,545m and 3.0 years at the end of 2025, and SEK 36,464m and 3.2 years at the end of March 2025.
In the first quarter, amortization of long-term borrowings amounted to SEK 1m, and a total of SEK 268m of new long-term debt was issued. During the remaining part of 2026, long-term borrowings amounting to approximately SEK 5,530m, will mature.
Liquid funds as of March 31, 2026, amounted to SEK 10,670m, a decrease of SEK 5,225m compared to SEK 15,895m as of December 31, 2025 and a decrease of SEK 1,993m compared to SEK 12,663m at the end of March 2025. Total liquidity, including the revolving credit facilities, amounted to SEK 27,613m compared to SEK 32,713m as of December 31, 2025. The decrease in liquid funds during the first quarter 2026 was mainly driven by negative development in both operating working capital and other working capital.
Net debt/EBITDA was 3.8 (3.4) and return on equity was -20.8% (1.9).
Long-term borrowings, by maturity
(As per March 31, 2026)