Our share

During 2025, the share price increased by 52 percent, while the OMXS30 index on Nasdaq Stockholm increased by 16 percent.

Sandvik shares are listed on Nasdaq Stockholm, Sweden. At year-end 2025, the share price was quoted at SEK 300.60 (198.30), corresponding to a market capitalization of SEK 377 billion, placing Sandvik as the 10th (12) largest company on Nasdaq Stockholm.

Share trading

In 2025, a total of 2.2 billion shares (1.9) were traded for a total value of SEK 520 billion (407). Trading in Sandvik shares on Nasdaq Stockholm accounted for 22 percent (25) of the total volume of shares traded. Other markets, for example CBOE and London Stock Exchange, accounted for 78 percent (75). The Sandvik share can be traded in the US in the form of American Depositary Receipts (ADRs), a process handled by Deutsche Bank Trust Company Americas as a depository bank. In 2025, the average daily ADR trading volume was 48,897 (105,516). At the end of 2025 there were 16,629,528 ADRs (14,382,658) outstanding.

Dividend and total shareholder return

Our target is that the dividend will amount to 50 percent of adjusted earnings per share, through a business cycle. The Board has proposed a dividend of SEK 6.00 per share (5.75) to the 2026 Annual General Meeting, corresponding to approximately SEK 7.5 billion (7.2), and a dividend yield of 2.0 percent (2.9) based on the share price at year-end. The dividend proposal corresponds to 49 percent (48) of adjusted earnings per share after dilution.

Share capital

The number of Sandvik shares amounts to 1,254,385,923. Each share has a nominal value of SEK 1.2 and the share capital amounts to SEK 1,505,263,108. Sandvik share capital comprises one series of shares, with each share carrying equal voting rights and equal rights to a dividend. Sandvik does not hold any shares in treasury.

Authorization on acquisition of the company’s own shares

The 2025 Annual General Meeting resolved to authorize the Board of Directors, for the period until the next Annual General Meeting, to decide on acquisitions of Sandvik shares, on one or more occasions, up to a maximum of 10 percent of all the shares in the company. The purpose of the authorization is to enable the Board of Directors to continuously adapt the company’s capital structure and thereby contribute to increased shareholder value.

Sustainability indices

Sandvik is included in several sustainability indices, such as CDP. These are international indices analyzing global companies that assume their responsible business practices. Inclusion in these indices confirms the Group’s achievements in relation to sustainable business practices.

Owners

In 2025, the number of shareholders increased to 135,822 (134,622). There are shareholders in 84 (81) countries, and the total ownership outside of Sweden amounted to 45 percent (40) at year-end. The ten largest individual shareholders accounted for 41 percent (40) of the share capital on the same date. As of December 31, 2025, members of the Group Executive Management owned a total of 190,548 shares in Sandvik. Members of the Board of Directors owned a total of 1,037,900 shares in Sandvik (including deputy board members and excluding the CEO). Total ownership of Group Executive Management and the Board corresponds to about 0.10 percent of the capital and voting rights.

Source: Monitor by Modular Finance AB. Compiled and processed data from various sources, including Euroclear, Morningstar, and the Swedish Financial Supervisory Authority.