As of September 30, 2025, Electrolux had a financial net debt (excluding lease liabilities and post-employment provisions) of SEK 28,291m, compared to the financial net debt of SEK 24,632m as of September 30, 2024 and SEK 22,706m as of December 31, 2024. The increase in the first nine months of 2025 was mainly driven by negative cash flow.
Net provisions for post-employment benefits amounted to a surplus of SEK 374m and lease liabilities amounted to SEK 3,898m as of September 30, 2025. In total, net debt amounted to SEK 32,563m, an increase of SEK 4,709m compared to SEK 27,853 as of December 31, 2024 and an increase of SEK 24m compared to June 30, 2025 and SEK 2,770m compared to September 30, 2024.
Long-term borrowings and long-term borrowings with maturities within 12 months, amounted to a total of SEK 36,926m as of September 30, 2025, with an average maturity of 3.0 years, compared to SEK 36,601m and 3.3 years at the end of 2024 and SEK 35,681m and 3.0 years at the end of June 2025.
In the third quarter, amortization of long-term borrowings amounted to SEK 1,088m and a total of SEK 2,627m of new long-term debt was issued. In September, Electrolux issued three new bonds of a total of SEK 1,800m and EUR 75m, all under the Electrolux Euro Medium Term Note (EMTN) program. During the remaining part of 2025, long-term borrowings amounting to approximately SEK 1,930m, will mature.
Liquid funds as of September 30, 2025, amounted to SEK 12,383m, a decrease of SEK 4,210m compared to SEK 16,592m as of December 31, 2024 and an increase of SEK 1,409m compared to SEK 10,973m at the end of June 2025. Total liquidity, including the revolving credit facilities, amounted to SEK 29,439m compared to SEK 34,079m as of December 31, 2024. The decrease in total liquidity was mainly driven by negative development in both operating working capital and other working capital.
Net debt/EBITDA was 3.5 (4.9) and return on equity was 6.3% (-19.8).
Long-term borrowings, by maturity
(As per September 30, 2025)