HEL:ERIBR Cash Flow 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
Net Income	28,428	20	-26,446	18,724	22,694
Depreciation & Amortization	7,119	8,540	10,020	8,556	7,115
Other Amortization	1,790	1,480	1,137	1,586	1,343
Loss (Gain) From Sale of Assets	-7,662	8	-17	-387	-241
Asset Writedown & Restructuring Costs	332	15,714	32,732	401	511
Loss (Gain) From Sale of Investments	-274	145	285	100	-730
Loss (Gain) on Equity Investments	57	459	-58	55	360
Other Operating Activities	2,786	-2,922	1,523	1,209	4,011
Change in Accounts Receivable	-4,301	2,576	6,333	4,766	1,551
Change in Inventory	929	10,208	9,304	-7,740	-5,565
Change in Accounts Payable	462	496	-10,037	-1,995	1,385
Change in Unearned Revenue	1,485	4,598	-7,088	5,794	4,014
Change in Other Net Operating Assets	1,803	4,939	-10,511	-206	2,617
Operating Cash Flow	32,954	46,261	7,177	30,863	39,065
Operating Cash Flow Growth	-28.77%	544.57%	-76.75%	-21.00%	35.02%
Capital Expenditures	-2,630	-2,340	-3,297	-4,477	-3,663
Sale of Property, Plant & Equipment	192	116	163	249	115
Cash Acquisitions	-264	-141	-1,309	-51,734	-256
Divestitures	11,200	-	-633	20	273
Sale (Purchase) of Intangibles	-1,138	-1,300	-2,173	-1,720	-962
Investment in Securities	-22,467	-8,545	-3,763	26,985	-15,259
Other Investing Activities	3,670	-3,742	2,299	-3,720	-131
Investing Cash Flow	-11,437	-15,952	-8,713	-34,397	-19,883
Long-Term Debt Issued	398	3,615	19,728	10,755	7,882
Long-Term Debt Repaid	-5,653	-18,409	-10,741	-18,622	-8,159
Net Debt Issued (Repaid)	-5,255	-14,794	8,987	-7,867	-277
Issuance of Common Stock	-	-	-	-	42
Common Dividends Paid	-9,499	-8,997	-8,991	-8,325	-6,658
Other Financing Activities	531	-74	1,011	262	-2,414
Financing Cash Flow	-14,223	-23,865	1,007	-15,930	-9,307
Foreign Exchange Rate Adjustments	-7,253	2,251	-2,630	3,763	563
Net Cash Flow	41	8,695	-3,159	-15,701	10,438
Free Cash Flow	30,324	43,921	3,880	26,386	35,402
Free Cash Flow Growth	-30.96%	1031.99%	-85.30%	-25.47%	44.85%
Free Cash Flow Margin	12.81%	17.72%	1.47%	9.72%	15.24%
Free Cash Flow Per Share	9.07	13.15	1.17	7.91	10.63
Cash Interest Paid	2,205	3,043	2,280	1,250	974
Cash Income Tax Paid	7,009	6,304	5,368	5,600	4,094
Levered Free Cash Flow	18,860	46,963	3,939	24,717	26,305
Unlevered Free Cash Flow	20,134	48,780	5,655	25,614	26,899
Change in Working Capital	378	22,817	-11,999	619	4,002

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.