Investment AB Spiltan 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	-264.51	-13.67	612.1	328.77	203.17
Depreciation & Amortization	-	0.23	0.49	0.18	0.02
Loss (Gain) From Sale of Assets	-	-408.43	-73.04	-126.23	-393.75
Asset Writedown & Restructuring Costs	-	7.96	75.37	-	-
Loss (Gain) From Sale of Investments	-	454.09	-592.74	-143.73	172.27
Other Operating Activities	369.5	49.76	119.9	-1.08	34.41
Change in Accounts Receivable	-17.99	71.39	-10.22	8.08	-59.69
Change in Other Net Operating Assets	64.14	-60.57	93.43	-15.48	82.4
Operating Cash Flow	151.14	100.75	225.29	50.5	38.83
Operating Cash Flow Growth	50.02%	-55.28%	346.15%	30.04%	-18.75%
Capital Expenditures	-	-	-6.75	-	-
Investment in Securities	93.97	222.35	-121.24	-158.18	-101.04
Other Investing Activities	-41.22	-109.12	-63.23	-61.64	-10.73
Investing Cash Flow	52.75	113.23	-191.21	-219.82	-111.77
Repurchase of Common Stock	-192.5	-192.19	-	-	-
Common Dividends Paid	-65.67	-31.06	-31.06	-31.06	-31.06
Other Financing Activities	0.4	0.67	1.26	1.2	1.65
Financing Cash Flow	-257.77	-222.58	-29.8	-29.86	-29.41
Net Cash Flow	-53.88	-8.6	4.29	-199.18	-102.35
Free Cash Flow	151.14	100.75	218.55	50.5	38.83
Free Cash Flow Growth	50.02%	-53.90%	332.79%	30.04%	-18.75%
Free Cash Flow Margin	-	758.90%	33.46%	16.25%	14.83%
Free Cash Flow Per Share	5.08	3.25	7.04	1.63	1.25
Cash Interest Paid	-	5.7	6.08	0	0.01
Cash Income Tax Paid	-	5.29	0.02	6.58	12.45
Levered Free Cash Flow	-172.11	57.65	396.28	72.8	190.34
Unlevered Free Cash Flow	-171.01	60.38	400.08	72.8	190.35
Change in Working Capital	46.16	10.81	83.21	-7.4	22.71

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