NIBE Industrier AB 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	2,277	1,173	4,785	4,351	3,320
Depreciation & Amortization	2,138	2,067	1,815	1,538	1,296
Loss (Gain) From Sale of Assets	-	110	23	-236	-18
Asset Writedown & Restructuring Costs	-	178	9	59	2
Other Operating Activities	-223	298	-159	88	149
Change in Accounts Receivable	-	-337	-397	-1,258	-567
Change in Inventory	-	3,012	-2,465	-2,861	-1,914
Change in Other Net Operating Assets	696	-2,495	-1,031	933	994
Operating Cash Flow	4,888	4,006	2,580	2,614	3,262
Operating Cash Flow Growth	22.02%	55.27%	-1.30%	-19.86%	-35.06%
Capital Expenditures	-2,083	-2,175	-3,270	-1,984	-1,024
Sale of Property, Plant & Equipment	-	19	58	21	34
Cash Acquisitions	-179	-621	-8,752	-839	-768
Divestitures	-	-	-	126	-
Sale (Purchase) of Intangibles	-	-472	-450	-257	-300
Other Investing Activities	-681	404	-190	155	48
Investing Cash Flow	-2,943	-2,845	-12,604	-2,778	-2,010
Long-Term Debt Issued	-	6,054	14,775	3,059	3,145
Long-Term Debt Repaid	-	-4,808	-3,863	-2,201	-3,863
Net Debt Issued (Repaid)	-	1,246	10,912	858	-718
Common Dividends Paid	-	-1,310	-1,310	-1,008	-781
Other Financing Activities	-1,492	-	-	-1	-3
Financing Cash Flow	-1,492	-64	9,602	-151	-1,502
Foreign Exchange Rate Adjustments	-602	227	-112	386	202
Net Cash Flow	-149	1,324	-534	71	-48
Free Cash Flow	2,805	1,831	-690	630	2,238
Free Cash Flow Growth	53.20%	-	-	-71.85%	-45.81%
Free Cash Flow Margin	6.87%	4.52%	-1.48%	1.57%	7.26%
Free Cash Flow Per Share	1.39	0.91	-0.34	0.31	1.11
Cash Interest Paid	-	1,548	1,022	585	263
Cash Income Tax Paid	-	805	2,028	1,182	764
Levered Free Cash Flow	2,612	620.88	-37.75	-770.5	603.75
Unlevered Free Cash Flow	3,218	1,508	513.5	-608	726.25
Change in Working Capital	696	180	-3,893	-3,186	-1,487

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