Oatly Group AB balance sheet

At the end of fiscal 2025, Oatly Group AB had total assets of $787m, total liabilities of $768m and shareholders' equity of $18.6m. It held $64.3m in cash against $710m of debt: net debt of $646m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Oatly Group AB: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	11	105	296	83	249	99	64
Inventory	—	39	96	114	68	66	69
Total current assets	—	240	807	482	483	299	265
Total assets	—	679	1,629	1,225	1,117	804	787
Total current liabilities	—	229	243	342	584	535	557
Short-term debt	—	6	12	100	12	330	345
Long-term debt	—	92	0	3	114	116	366
Total debt	0	97	12	103	126	452	710
Total liabilities	—	353	384	434	781	698	768
Shareholders' equity	188	326	1,245	791	334	105	19
Net debt (negative = net cash)	−11	−8	−284	20	−123	353	646

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Oatly Group AB's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Oatly Group AB.