Investor AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
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	2016 - 2020
Net Income	157,494	113,338	127,045	-74,681	228,065	Upgrade
Depreciation & Amortization	-	3,161	3,113	2,840	2,213	Upgrade
Other Amortization	-	1,886	1,928	1,831	1,296	Upgrade
Asset Writedown & Restructuring Costs	-	70	879	1	553	Upgrade
Other Operating Activities	-135,330	-94,873	-111,999	86,619	-217,871	Upgrade
Operating Cash Flow	22,164	23,582	20,966	16,610	14,256	Upgrade
Operating Cash Flow Growth	-6.01%	12.48%	26.22%	16.51%	29.95%	Upgrade
Capital Expenditures	-3,177	-4,420	-3,721	-4,368	-3,799	Upgrade
Sale of Property, Plant & Equipment	1,629	4,349	48	373	68	Upgrade
Cash Acquisitions	-36,225	-10,815	-11,013	-6,752	-18,610	Upgrade
Divestitures	8,739	3,913	8,008	11,779	20,858	Upgrade
Investment in Securities	-2,359	-3,602	7,582	-8,344	-1,295	Upgrade
Other Investing Activities	-270	-487	-505	-146	6	Upgrade
Investing Cash Flow	-31,663	-11,062	399	-7,458	-2,772	Upgrade
Long-Term Debt Issued	39,274	21,389	13,291	13,273	6,172	Upgrade
Long-Term Debt Repaid	-14,647	-17,031	-14,996	-15,965	-8,940	Upgrade
Net Debt Issued (Repaid)	24,627	4,358	-1,705	-2,692	-2,768	Upgrade
Issuance of Common Stock	6	-	-	21	494	Upgrade
Repurchase of Common Stock	-198	-356	-226	-147	-149	Upgrade
Common Dividends Paid	-15,929	-14,704	-13,499	-12,286	-10,722	Upgrade
Other Financing Activities	-1,251	-3,864	-	-	-29	Upgrade
Financing Cash Flow	7,255	-14,566	-15,430	-15,104	-13,174	Upgrade
Foreign Exchange Rate Adjustments	-917	471	-304	787	350	Upgrade
Miscellaneous Cash Flow Adjustments	-1	1	-1	-	-	Upgrade
Net Cash Flow	-3,162	-1,574	5,630	-5,165	-1,340	Upgrade
Free Cash Flow	18,987	19,162	17,245	12,242	10,457	Upgrade
Free Cash Flow Growth	-0.91%	11.12%	40.87%	17.07%	27.77%	Upgrade
Free Cash Flow Margin	8.63%	10.84%	9.31%	-	3.94%	Upgrade
Free Cash Flow Per Share	6.20	6.25	5.63	4.00	3.41	Upgrade
Cash Interest Paid	-	3,881	3,497	3,030	2,400	Upgrade
Cash Income Tax Paid	1,972	1,824	1,414	1,111	1,440	Upgrade
Levered Free Cash Flow	95,416	78,539	79,705	-44,457	140,122	Upgrade
Unlevered Free Cash Flow	98,342	80,989	81,875	-42,901	141,435	Upgrade

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