Ericsson is proposing a SEK 15 billion share buyback and raising its dividend to SEK 3 per share from SEK 2.85. The telecom equipment maker's net cash surged to SEK 61.2 billion, up from SEK 37.8 billion a year earlier, enabling the shareholder return plan.

The company's fourth-quarter adjusted EBITA margin climbed to 18.3%, marking a ninth consecutive quarter of expansion. This improvement offset a flat mobile network market, with organic sales growing 6% despite a 5% reported sales decline due to currency headwinds.

CEO Börje Ekholm noted execution on strategy priorities, with growth in mission-critical networks and 5G core. The buyback will run through the 2027 AGM, starting after Q1 2026 results. For 2026, Ericsson expects the core RAN market to remain flat.