Carlsberg

CARL.B · Nasdaq Copenhagen · DKK

kr 842.00Change from previous close: −1.15%Absolute change: −kr 9.80

Close · October 1, 2026

At a glance

Revenue growth
+18.78%
2025 vs 2024
Net income growth
−34.68%
2025 vs 2024
Net margin
6.7%
2024: 12.2%

Financial data

Amounts in millions of DKK; per-share values in DKK; shares in millions.

Income statement · Annual
Item20252024202320222021
Total revenue89,09575,01173,58570,26560,097
Cost of revenue48,85940,63140,75338,19831,528
Gross profit40,23634,38032,83232,06728,569
Selling, general and administrative28,08423,66022,46221,60418,890
Research and development152142132107—
Operating income12,56710,65410,38710,4059,628
EBIT12,56710,65410,38710,4059,628
EBITDA17,47414,38813,91913,96113,639
Interest expense2,3991,105776540508
Pre-tax income9,0509,9879,8309,96110,447
Income tax2,0721,9821,8591,7782,154
Net income5,9559,116-40,788-1,0636,846
Net income to common shareholders5,9559,116-40,788-1,0636,846
Basic EPS45.0668.73-299.72-7.6047.59
Diluted EPS44.9068.59-298.92-7.6047.43
Average shares (basic)132133136140144
Average shares (diluted)133133136140144
Dividend per share29.0027.0027.0027.0024.00