1、 1 Ericsson|Fourth quarter and full-year report 2025.January 23,2026.Fourth quarter and full-year report 2025 Strategic highlights solid commercial momentum and operational execution Organic sales growth in all three segments in Q4,with 12%*growth in segment Cloud Software and Services.Operational i

2、mprovements in recent years driving strong margins and solid free cash flow.Fourth quarter highlights good organic growth with all segments contributing Sales increased by 6%*YoY.Market areas Europe,Middle East and Africa and South East Asia,Oceania and India grew,Americas was broadly stable while N

3、orth East Asia declined.Reported sales were SEK 69.3(72.9)b.Adjusted1 gross income was SEK 33.2(33.7)b.with currency headwinds offsetting strong operational execution.Reported gross income was SEK 32.7(32.7)b.Adjusted1 gross margin was 48.0%(46.3%)driven mainly by improvements in Cloud Software and

4、Services.Reported gross margin was 47.2%(44.9%).Adjusted1 EBITA was SEK 12.7(10.2)b.with an 18.3%(14.1%)margin,benefiting from improved segment margins in Mobile Networks.Reported EBITA was SEK 11.6(8.6)b.with a 16.7%(11.8%)margin.Net income was SEK 8.6(4.9)b.EPS diluted was SEK 2.57(1.44).Free cash

5、 flow before M&A was SEK 14.9(15.8)b.Full-year highlights margins stabilized at good levels and solid free cash flow Sales increased by 2%*,with growth in Networks and Cloud Software and Services.Reported sales were SEK 236.7(247.9)b.Adjusted1 gross income increased to SEK 113.9(111.4)b.driven by im

6、provements in Mobile Networks,and despite a SEK-7.2 b.currency headwind.Adjusted gross margin increased to 48.1%(44.9%).Adjusted1 EBITA was SEK 42.9(27.2)b.with an adjusted1 EBITA margin of 18.1%(11.0%),including the gain from the divestment of iconectiv.Net income was SEK 28.7(0.4)b.EPS diluted was