Transfer Group 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	-27.65	43	-29.6	-41.48	-13.22
Depreciation & Amortization	19.8	9.3	12.4	29.11	11.44
Other Amortization	-	1.37	0.82	0.73	0.61
Loss (Gain) From Sale of Assets	-	-	-	-5.94	-
Asset Writedown & Restructuring Costs	-	-	1.41	-	-
Other Operating Activities	3.32	-43.36	-5.09	-14.35	-3.08
Change in Accounts Receivable	-	-19.29	-13.38	15.31	11.64
Change in Inventory	-	-1.59	4.18	-1.5	-1.76
Change in Other Net Operating Assets	48.67	21.01	5.18	3.2	6.05
Operating Cash Flow	44.13	10.43	-12.78	-14.92	11.68
Operating Cash Flow Growth	323.17%	-	-	-	-
Capital Expenditures	-	-2.4	-3.87	-2.82	-0.98
Sale of Property, Plant & Equipment	-	-	0.4	-	-
Cash Acquisitions	-	-	-	0.41	-22.1
Divestitures	-	-8.52	-	13.5	0.66
Sale (Purchase) of Intangibles	-	-5.19	-0.94	-6.45	-1.61
Investment in Securities	-	-0.39	0.09	-	-
Other Investing Activities	-4.58	-	-	-	-
Investing Cash Flow	-4.58	-16.49	-4.32	4.65	-24.03
Short-Term Debt Issued	-	-	-	7.48	0.05
Long-Term Debt Issued	-	1.14	65.76	15.29	10.08
Total Debt Issued	-	1.14	65.76	22.77	10.13
Short-Term Debt Repaid	-	-	-11.94	-	-
Long-Term Debt Repaid	-	-10.39	-35.97	-18.75	-4.85
Total Debt Repaid	-	-10.39	-47.91	-18.75	-4.85
Net Debt Issued (Repaid)	-	-9.25	17.85	4.02	5.28
Issuance of Common Stock	29.38	-	15.37	-	22.35
Other Financing Activities	-3.76	-0.03	0.25	-0.45	0.04
Financing Cash Flow	25.62	-9.27	33.47	3.57	27.67
Foreign Exchange Rate Adjustments	-2.33	-0.1	-0.43	0.03	-
Net Cash Flow	62.84	-15.43	15.94	-6.67	15.32
Free Cash Flow	44.13	8.03	-16.66	-17.74	10.71
Free Cash Flow Growth	449.66%	-	-	-	-
Free Cash Flow Margin	20.71%	4.35%	-12.10%	-5.03%	5.57%
Free Cash Flow Per Share	0.14	0.03	-0.06	-0.09	0.10
Cash Interest Paid	-	4.4	5.8	4.81	2.26
Cash Income Tax Paid	-0.42	0.83	1.99	1.67	0.96
Levered Free Cash Flow	59.59	-14.14	-4.78	-11.02	9.36
Unlevered Free Cash Flow	68.15	-11.39	-2.34	-8.01	10.77
Change in Working Capital	48.67	0.13	-4.02	17.01	15.93

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