CARLSBERG A/S financials

CARLSBERG A/S

Country: DK Reporting currency: DKK Latest annual report: 2026-06-30

LEI: 5299001O0WJQYB5GYZ19

Financial statements (DKK, as reported — unscaled; 83 line items across 3 annual periods)

Line item	2026	2025-12-31	2025-06-30
Income statement
Revenue	DKK 47.05B	DKK 89.09B	DKK 45.85B
Cost of sales	DKK 25.63B	DKK 49.23B	DKK 24.78B
Gross profit	DKK 21.42B	DKK 39.86B	DKK 21.08B
Distribution costs	DKK 4.43B	DKK 8.47B	DKK 4.37B
Administrative expenses	DKK 2.73B	DKK 6.33B	DKK 3.35B
Profit before tax	DKK 5.79B	DKK 9.01B	DKK 5.21B
Income tax expense	DKK 1.33B	DKK 2.04B	DKK 1.19B
Profit for the year	DKK 4.46B	DKK 6.98B	DKK 4.02B
— attributable to owners	DKK 3.80B	DKK 5.96B	DKK 3.36B
— attributable to NCI	DKK 656.0M	DKK 1.02B	DKK 658.0M
Total comprehensive income	DKK 5.17B	DKK 4.20B	DKK 918.0M
Per share
Basic EPS	DKK 28.70	DKK 45.10	DKK 25.40
Diluted EPS	DKK 28.70	DKK 44.90	DKK 25.40
Free cash flow / share	DKK 23.77	DKK 56.71	DKK 19.19
Cash flow statement
Net cash from operating activities	DKK 7.06B	DKK 13.74B	DKK 5.55B
Income taxes paid	DKK 1.42B	DKK 2.47B	DKK 1.32B
Net cash from investing activities	-DKK 4.30B	-DKK 33.71B	-DKK 31.78B
Purchase of PP&E (capex)	DKK 3.37B	DKK 4.92B	DKK 2.52B
Purchase of intangibles	DKK 193.0M	DKK 668.0M	DKK 197.0M
Net cash from financing activities	-DKK 3.25B	DKK 18.62B	DKK 24.14B
Dividends paid	DKK 4.53B	—	DKK 4.02B
Net change in cash	-DKK 486.0M	-DKK 1.36B	-DKK 2.09B
Balance sheet
Total assets	DKK 163.71B	DKK 153.96B	DKK 157.44B
Non-current assets	DKK 127.73B	DKK 124.71B	DKK 122.80B
Property, plant & equipment	DKK 34.01B	DKK 32.78B	DKK 31.28B
Intangible assets & goodwill	DKK 23.90B	DKK 23.91B	DKK 24.14B
Current assets	DKK 35.98B	DKK 29.25B	DKK 34.65B
Inventories	DKK 7.90B	DKK 7.11B	DKK 8.02B
Trade & other receivables	DKK 12.50B	DKK 7.44B	DKK 11.56B
Cash & equivalents	DKK 9.17B	DKK 9.59B	DKK 9.45B
Total equity	DKK 44.80B	DKK 30.68B	DKK 27.57B
— attributable to owners	DKK 28.48B	DKK 27.80B	DKK 24.82B
Non-controlling interests	DKK 2.87B	DKK 2.87B	DKK 2.75B
Non-current liabilities	DKK 64.23B	DKK 74.73B	DKK 80.16B
Long-term borrowings	DKK 51.14B	DKK 61.45B	DKK 66.81B
Current liabilities	DKK 54.69B	DKK 48.55B	DKK 49.72B
Short-term borrowings	DKK 8.97B	DKK 9.17B	DKK 7.27B
Derived metrics
Free cash flow	DKK 3.69B	DKK 8.81B	DKK 3.04B
Net margin	9.5%	7.8%	8.8%
Return on equity	9.9%	22.7%	14.6%
Cash conversion ratio	1.58×	1.97×	1.38×
Capex coverage	2.10×	2.79×	2.21×
Other reported items
Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss	DKK 2.86B	DKK 5.95B	DKK 2.77B
Cancellation of Treasury Shares	—	—	DKK 0
Cash and Cash Equivalents If Different From Statement of Financial Position	DKK 9.15B	DKK 9.55B	DKK 8.88B
Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities	DKK 29.0M	DKK 29.42B	DKK 29.18B
Changes In Equity	DKK 14.12B	—	-DKK 3.05B
Comprehensive Income Attributable To Noncontrolling Interests	DKK 681.0M	DKK 756.0M	DKK 360.0M
Comprehensive Income Attributable To Owners of Parent	DKK 4.49B	DKK 3.45B	DKK 558.0M
Current and Deferred Tax Relating To Items Charged Or Credited Directly To Equity	-DKK 16.0M	—	—
Dividends Paid To Equity Holders of Parent Classified As Financing Activities	DKK 3.84B	DKK 3.57B	DKK 3.57B
Dividends Paid To Noncontrolling Interests Classified As Financing Activities	DKK 586.0M	DKK 864.0M	DKK 532.0M
Dividends Received Classified As Investing Activities	DKK 376.0M	DKK 612.0M	DKK 326.0M
Effect of Exchange Rate Changes On Cash and Cash Equivalents	DKK 86.0M	-DKK 602.0M	-DKK 547.0M
Equity and Liabilities	DKK 163.71B	DKK 153.96B	DKK 157.44B
Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss	-DKK 39.0M	DKK 29.0M	DKK 68.0M
Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss	-DKK 21.0M	DKK 48.0M	-DKK 15.0M
Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control	-DKK 1.0M	—	-DKK 6.0M
Increase Decrease Through Sharebased Payment Transactions	DKK 88.0M	—	DKK 64.0M
Interest Received Classified As Investing Activities	DKK 127.0M	DKK 338.0M	DKK 183.0M
Liabilities	DKK 118.91B	DKK 123.28B	DKK 129.87B
Noncurrent Financial Assets	DKK 9.70B	DKK 8.70B	DKK 7.98B
Operating Profit Loss Before Depreciation Amortisation and Impairments Operating	DKK 9.49B	DKK 16.18B	DKK 8.49B
Operating Profit Loss Operating	DKK 6.64B	DKK 10.23B	DKK 5.73B
Other Adjustments For Noncash Items	DKK 2.0M	DKK 403.0M	DKK 310.0M
Other Comprehensive Income	DKK 712.0M	-DKK 2.78B	-DKK 3.10B
Other Comprehensive Income Before Tax Cash Flow Hedges	-DKK 244.0M	DKK 291.0M	DKK 300.0M
Other Comprehensive Income Before Tax Exchange Differences On Translation	DKK 977.0M	-DKK 3.25B	-DKK 3.31B
Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans	-DKK 81.0M	DKK 234.0M	-DKK 62.0M
Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax	DKK 772.0M	-DKK 2.96B	-DKK 3.05B
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax	-DKK 60.0M	DKK 186.0M	-DKK 47.0M
Other Current Liabilities	DKK 12.69B	DKK 10.80B	DKK 11.68B
Other Current Receivables	DKK 5.92B	DKK 5.11B	DKK 4.97B
Other Noncurrent Liabilities	DKK 13.09B	DKK 13.28B	DKK 13.35B
Par Value Per Share	DKK 20.00	—	—
Proceeds From Sales of Interests In Associates	DKK 0	DKK 183.0M	DKK 161.0M
Profit Loss Before Financing and Income Taxes	DKK 7.05B	DKK 11.34B	DKK 6.27B
Purchase of Interests In Associates	DKK 0	DKK 15.0M	DKK 5.0M
Purchase of Treasury Shares	DKK 8.0M	—	—
Sales and Marketing Expense	DKK 7.62B	DKK 14.83B	DKK 7.63B
Share of Profit Loss of Associates Accounted For Using Equity Method	DKK 241.0M	DKK 622.0M	DKK 315.0M
Shortterm Deposits Classified As Cash Equivalents	DKK 487.0M	DKK 0	DKK 653.0M
Trade and Other Current Payables To Trade Suppliers	DKK 31.01B	DKK 26.88B	DKK 28.79B

Methodology

Every line item above is a fact tagged in CARLSBERG A/S's annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (DKK), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.