ADDvise Group AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4.3	90	103.5	81.1	2.81	14.64
Depreciation & Amortization	106.8	86.1	108.7	23.7	10.58	8.17
Other Amortization	-	-	-	4.2	3.14	3.01
Other Operating Activities	41.5	-67.1	-42.7	20.6	-12.09	6.19
Change in Accounts Receivable	-77.2	-77.2	114.6	-58.3	-19.85	25.69
Change in Inventory	-10.9	-10.9	12.3	-14.5	-3.24	3.83
Change in Other Net Operating Assets	73.4	40.8	-121.4	53.1	28.84	-4.09
Operating Cash Flow	137.9	61.7	175	109.9	10.19	57.44
Operating Cash Flow Growth	115.13%	-64.74%	59.24%	978.93%	-82.27%	413.44%
Capital Expenditures	-22.8	-36.5	-9.2	-6	-1.06	-0.68
Sale of Property, Plant & Equipment	-	-	-	-	-	0.2
Cash Acquisitions	-151.5	-189.7	-665	-626.8	-197.25	-4.96
Sale (Purchase) of Intangibles	-11.8	-11.8	-8.5	-7.9	-3.08	-0.8
Investment in Securities	119.2	-532	-2.1	-	-	-0.97
Other Investing Activities	-0.1	-0.1	-0.1	2.1	-0.28	-0
Investing Cash Flow	-67	-770.1	-684.9	-638.6	-201.66	-7.21
Long-Term Debt Issued	-	612	1,427	253.5	510.1	-
Long-Term Debt Repaid	-	-151.2	-738	-45.9	-176.78	-23.19
Net Debt Issued (Repaid)	-658.6	460.8	689.2	207.6	333.32	-23.19
Issuance of Common Stock	453.1	100.1	100	100	152.81	-
Common Dividends Paid	-	-	-	-	-2.79	-
Other Financing Activities	-4.2	-4.3	-5.7	-4.6	-9.36	-0.12
Financing Cash Flow	-209.7	556.6	783.5	303	473.98	-23.31
Foreign Exchange Rate Adjustments	-8.5	-2.1	1.8	11.1	3.63	-0.56
Miscellaneous Cash Flow Adjustments	-0.1	-	-	-	-	-0
Net Cash Flow	-147.4	-153.9	275.4	-214.6	286.13	26.35
Free Cash Flow	115.1	25.2	165.8	103.9	9.13	56.76
Free Cash Flow Growth	298.27%	-84.80%	59.58%	1038.26%	-83.92%	492.93%
Free Cash Flow Margin	7.06%	1.50%	12.02%	10.83%	1.95%	15.80%
Free Cash Flow Per Share	0.28	0.13	0.89	0.58	0.06	0.50
Cash Interest Paid	765.9	765.9	90.2	43	22.43	72.88
Cash Income Tax Paid	45.6	64.5	76	6.4	0.09	2.26
Levered Free Cash Flow	62.18	-39.26	414.4	92.38	-32.42	30.49
Unlevered Free Cash Flow	169.24	76.3	519.84	120.94	-18.4	38.54
Change in Working Capital	-14.7	-47.3	5.5	-19.7	5.75	25.44

Source: S&P Global Market Intelligence. Standard template. Financial Sources.