Initiator Pharma Ratios and Metrics

Market cap in millions SEK. Fiscal year is January - December.

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 4, 2026	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
Market Capitalization	197	385	485	317	356	133
Market Cap Growth	-49.83%	-20.69%	52.80%	-10.94%	167.93%	-29.18%
Enterprise Value	158	366	475	268	318	121
Last Close Price	2.88	6.85	9.24	6.06	8.14	4.51
Forward PE	-	11.25	16.59	7.36	-	-
PB Ratio	4.10	16.93	29.13	6.23	7.36	6.84
P/TBV Ratio	4.10	16.93	29.13	6.23	7.36	6.84
Debt / Equity Ratio	0.07	-	1.38	0.37	0.38	-
Quick Ratio	13.84	15.02	9.34	26.54	7.10	13.01
Current Ratio	16.53	15.02	9.34	27.70	9.91	13.06
Return on Equity (ROE)	-48.20%	-99.69%	-101.24%	-111.44%	-85.27%	-71.53%
Return on Assets (ROA)	-31.26%	-39.73%	-43.24%	-51.13%	-41.61%	-48.68%
Return on Capital Employed (ROCE)	-39.00%	-98.10%	-101.60%	-89.60%	-47.80%	-73.10%
Earnings Yield	-8.72%	-5.17%	-7.04%	-18.15%	-8.18%	-8.83%
FCF Yield	-	-4.83%	-5.43%	-15.43%	-13.23%	-8.18%
Buyback Yield / Dilution	-8.17%	-9.25%	-8.47%	-37.72%	-28.18%	-12.92%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.