NOTE AB Income Statement

Financials in millions SEK. Fiscal year is January - December.

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,814	3,901	4,243	3,687	2,643
Revenue Growth (YoY)	-2.23%	-8.07%	15.08%	39.49%	41.07%
Cost of Revenue	3,285	3,382	3,730	3,214	2,290
Gross Profit	529	519.47	513.79	473.17	353.65
Selling, General & Admin	147	155	138.29	115.09	97.73
Other Operating Expenses	-	2.4	-6.92	-2.36	-7.27
Operating Expenses	147	157.39	131.37	112.73	90.46
Operating Income	382	362.08	382.42	360.44	263.19
Interest Expense	-28	-39.15	-37.47	-15.68	-6.39
Interest & Investment Income	-	8.1	2.79	0.84	0.3
Currency Exchange Gain (Loss)	-2	-6.85	12.6	-27.8	-15
Other Non Operating Income (Expenses)	-	-6.74	-6.49	-6.02	-3.96
EBT Excluding Unusual Items	352	317.44	353.85	311.77	238.14
Merger & Restructuring Charges	-	-7	-3	-1	-2
Other Unusual Items	-	-	39	-	0.6
Pretax Income	352	310.44	389.85	310.77	236.74
Income Tax Expense	71	62.42	69.89	56.53	42.68
Net Income	281	248.03	319.96	254.24	194.06
Net Income to Common	281	248.03	319.96	254.24	194.06
Net Income Growth	13.29%	-22.48%	25.85%	31.01%	67.79%
Shares Outstanding (Basic)	28	29	29	29	29
Shares Outstanding (Diluted)	29	29	29	29	29
Shares Change (YoY)	-0.94%	-0.56%	0.04%	0.38%	1.11%
EPS (Basic)	9.86	8.61	11.04	8.79	6.79
EPS (Diluted)	9.86	8.61	11.04	8.78	6.72
EPS Growth	14.58%	-22.04%	25.73%	30.65%	65.93%
Free Cash Flow	507	512.32	250.11	3.38	-60.62
Free Cash Flow Per Share	17.76	17.78	8.63	0.12	-2.10
Dividend Per Share	-	7.000	-	-	-
Gross Margin	13.87%	13.32%	12.11%	12.83%	13.38%
Operating Margin	10.02%	9.28%	9.01%	9.78%	9.96%
Profit Margin	7.37%	6.36%	7.54%	6.89%	7.34%
Free Cash Flow Margin	13.29%	13.13%	5.89%	0.09%	-2.29%
EBITDA	505	448.02	456.58	414.3	305.22
EBITDA Margin	13.24%	11.48%	10.76%	11.24%	11.55%
D&A For EBITDA	123	85.94	74.17	53.86	42.03
EBIT	382	362.08	382.42	360.44	263.19
EBIT Margin	10.02%	9.28%	9.01%	9.78%	9.96%
Effective Tax Rate	20.17%	20.11%	17.93%	18.19%	18.03%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.