STO:EMIL.B 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	563	524	288	33	310.9	468.9
Depreciation & Amortization	-	-	-	1	0.4	0.6
Change in Accounts Receivable	-51	-51	7	-	4	-56.8
Change in Other Net Operating Assets	94	98	53	26	47.2	57.4
Other Operating Activities	-164	-145	-19	162	-160.5	-359.6
Operating Cash Flow	442	426	329	222	202	110.5
Operating Cash Flow Growth	23.81%	29.48%	48.20%	9.90%	82.80%	3.76%
Acquisition of Real Estate Assets	-2,789	-3,129	-1,532	-254	-2,262	-1,668
Sale of Real Estate Assets	30	30	44	-	76.6	12.6
Net Sale / Acq. of Real Estate Assets	-2,759	-3,099	-1,488	-254	-2,185	-1,656
Other Investing Activities	1	1	-1	-1	-	-0.1
Investing Cash Flow	-2,758	-3,098	-1,489	-255	-2,185	-1,656
Long-Term Debt Issued	-	2,411	1,361	390	2,517	1,302
Total Debt Issued	1,693	2,411	1,361	390	2,517	1,302
Long-Term Debt Repaid	-	-323	-675	-513	-1,208	-193.3
Total Debt Repaid	-308	-323	-675	-513	-1,208	-193.3
Net Debt Issued (Repaid)	1,385	2,088	686	-123	1,309	1,108
Issuance of Common Stock	526	526	416	195	699.5	84.6
Preferred Stock Issued	248	267	-	-	147.6	368.5
Preferred Dividends Paid	-56	-51	-41	-41	-41.3	-2.8
Total Dividends Paid	-56	-51	-41	-41	-41.3	-2.8
Other Financing Activities	2	2	-13	-10	0.1	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0.1
Net Cash Flow	-211	160	-112	-12	131.7	13.5
Cash Income Tax Paid	46	43	34	42	33.4	21.1
Levered Free Cash Flow	551.5	301.5	199.38	171.28	164.86	96.38
Unlevered Free Cash Flow	734	472.13	337.5	300.65	254.55	142.81
Change in Working Capital	43	47	60	26	51.2	0.6