Selvaag Bolig ASA Cash Flow Statement

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

Millions NOK. 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	132.96	176.91	244.63	338.85	504.91
Depreciation & Amortization	6.75	9.79	9.23	9.72	10.27
Loss (Gain) on Equity Investments	-69.43	-72.32	13.35	-85.73	-109.7
Other Operating Activities	-27.21	-34.62	10.02	-47.73	13.7
Change in Accounts Receivable	-46.35	-2.22	21.26	2.38	-13.37
Change in Inventory	-1,373	69.4	1,196	-141.54	114.54
Change in Accounts Payable	29.45	59.41	-26.25	-30.64	-7.24
Change in Other Net Operating Assets	92.2	-119.3	-271.34	18.13	-120.53
Operating Cash Flow	-1,254	87.06	1,197	63.44	392.59
Operating Cash Flow Growth	-	-92.73%	1786.18%	-83.84%	-75.70%
Capital Expenditures	-2.43	-4.41	-3.66	-2.34	-1.1
Sale of Property, Plant & Equipment	-	-	0.32	0.16	-
Investment in Securities	-34.44	27.65	-41.91	242	168.23
Other Investing Activities	62.5	-	-	-	-
Investing Cash Flow	25.63	23.24	-45.25	239.82	167.13
Long-Term Debt Issued	3,068	1,842	1,707	2,252	2,312
Long-Term Debt Repaid	-1,748	-1,668	-2,804	-1,935	-2,752
Total Debt Repaid	-1,748	-1,668	-2,804	-1,935	-2,752
Net Debt Issued (Repaid)	1,320	173.76	-1,097	316.67	-440.5
Issuance of Common Stock	17.19	18.16	16.57	16.81	16.65
Repurchase of Common Stock	-27.81	-23.04	-27.53	-19.95	-26.27
Common Dividends Paid	-117.21	-93.64	-281.16	-466.27	-467.49
Other Financing Activities	-92.28	-68.41	-108.06	-65.29	-
Financing Cash Flow	1,100	6.83	-1,498	-218.03	-917.62
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	-128.81	117.13	-346.15	85.24	-357.9
Free Cash Flow	-1,257	82.64	1,193	61.1	391.49
Free Cash Flow Growth	-	-93.07%	1852.56%	-84.39%	-75.73%
Free Cash Flow Margin	-60.23%	4.21%	36.71%	2.11%	11.52%
Free Cash Flow Per Share	-13.42	0.88	12.75	0.66	4.19
Cash Interest Paid	92.28	173.11	268.06	162.19	91
Cash Income Tax Paid	33.85	66.9	64.82	134	126.73
Levered Free Cash Flow	-1,398	42.33	1,067	-58.72	88.33
Unlevered Free Cash Flow	-1,390	51.22	1,073	-51.28	95.59
Change in Working Capital	-1,298	7.29	919.37	-151.67	-26.59

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