Apotea AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	236.3	228.7	214.9	87	19.9	104.9
Depreciation & Amortization	161.5	161.5	128.6	111.2	69.3	49.3
Other Amortization	0.8	0.8	1	1.5	0.7	0.6
Other Operating Activities	19.4	28.1	18	-4.5	2.2	-15
Change in Accounts Receivable	-32.9	3.3	-69.4	-43.4	-13.4	17.2
Change in Inventory	-211	-90.3	-152.4	-20	-45.4	20.6
Change in Accounts Payable	25.6	25.6	13.6	82.3	-0.1	71.2
Change in Other Net Operating Assets	122.9	-24.4	51.9	1.7	-1.7	-20.6
Operating Cash Flow	322.6	333.3	206.2	215.8	31.5	228.2
Operating Cash Flow Growth	28.53%	61.64%	-4.45%	585.08%	-86.20%	-
Capital Expenditures	-98.2	-213	-162.8	-119.9	-142	-81.8
Sale of Property, Plant & Equipment	1.1	1.1	-	0.1	7.6	-
Cash Acquisitions	-	-	-	-	-19.1	-
Sale (Purchase) of Intangibles	-2.4	-2.6	-1	-1.2	-0.1	-
Investment in Securities	-	-	0.1	-0.6	12.3	-0.1
Other Investing Activities	-	-	-	-	-0.1	-
Investing Cash Flow	-99.5	-214.5	-163.7	-121.6	-141.4	-81.9
Short-Term Debt Issued	-	21.6	79.6	66.9	111.8	-
Total Debt Issued	-60.7	21.6	79.6	66.9	111.8	-
Short-Term Debt Repaid	-	-79.6	-66.9	-111.8	-	-20
Long-Term Debt Repaid	-	-57.3	-46.7	-39.7	-31.9	-23.6
Total Debt Repaid	-78.3	-136.9	-113.6	-151.5	-31.9	-43.6
Net Debt Issued (Repaid)	-139	-115.3	-34	-84.6	79.9	-43.6
Common Dividends Paid	-	-	-	-	-28.5	-28.5
Other Financing Activities	-	-	-0.2	-8.7	-5.1	-6.6
Financing Cash Flow	-139	-115.3	-34.2	-93.3	46.3	-78.7
Foreign Exchange Rate Adjustments	-0.2	-0.2	-0.1	-	-	-
Net Cash Flow	83.9	3.3	8.2	0.9	-63.6	67.6
Free Cash Flow	224.4	120.3	43.4	95.9	-110.5	146.4
Free Cash Flow Growth	-	177.19%	-54.74%	-	-	-
Free Cash Flow Margin	3.04%	1.67%	0.66%	1.76%	-2.26%	3.20%
Free Cash Flow Per Share	2.15	1.16	0.42	0.94	-1.08	1.44
Cash Interest Paid	11.3	11.3	5.2	6.3	3.8	3.4
Cash Income Tax Paid	40.1	40.1	29.3	25.9	22.6	41
Levered Free Cash Flow	153.61	75.01	-0.56	82.33	-92.75	-
Unlevered Free Cash Flow	161.18	82.51	2.75	85.2	-90.38	-
Change in Working Capital	-95.4	-85.8	-156.3	20.6	-60.6	88.4

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