ICA Gruppen (ICA) Tertial 3 2025 summary

Executive summary

• Strong finish to 2025 with increased sales and volumes, especially during December and the holiday season, leading to higher market shares in both grocery and pharmacy segments.

• Volume growth and customer inflow were driven by continued price investments and robust operational execution, despite high consumer price sensitivity.

• Organizational changes and restructuring led to one-time costs of SEK 260 million in the period.

• Rimi Baltic was divested and reported as discontinued from Q1 2025, with a significant gain from the sale.

Financial highlights

• Net sales for the period increased by 5.8% year-over-year to SEK 48,531 million; full-year sales rose 5.2% to SEK 142,403 million.

• EBITDA for the period was SEK 3,654 million (+2.1% YoY); full-year EBITDA was SEK 10,891 million (-8.4% YoY).

• Operating profit (EBIT) before items affecting comparability was SEK 1,807 million (+3.2% YoY); full-year EBIT before items affecting comparability was SEK 5,408 million (-8.4% YoY).

• Net profit for the period was SEK 1,180 million (flat YoY); full-year net profit was SEK 10,357 million, driven by the Rimi Baltic divestment.

• Cash flow from continuing operations (excl. ICA Banken) decreased 18.1% YoY to SEK 3,745 million for the period.

Outlook and guidance

• Continued focus on price competitiveness and efficiency to support growth amid persistent consumer price sensitivity.

• Investments in logistics, IT, and store network to continue in 2026, with planned investments of over SEK 5 billion.

• The company expects household finances to improve in 2026, but value-for-money will remain a key consumer focus.