STO:K2A.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	222.8	204.5	-202.4	-536.6	159.5	755.5
Depreciation & Amortization	4.6	4.6	8.8	8.9	8.6	6.7
Gain (Loss) on Sale of Assets	-0.3	-0.3	1.8	2	0.1	-
Income (Loss) on Equity Investments	-114.9	-114.9	140.1	76	-71.8	-127.8
Change in Accounts Receivable	8.8	18.4	47.1	-34.4	61.7	-142.2
Change in Other Net Operating Assets	-46.6	-46.9	-16.1	67.9	-97.4	150.2
Other Operating Activities	-95.2	-80.4	78.1	547.6	-12.2	-577.1
Operating Cash Flow	-20.8	-15	57.4	133.7	62	65.3
Operating Cash Flow Growth	-	-	-57.07%	115.64%	-5.05%	-38.16%
Acquisition of Real Estate Assets	-74	-42.1	-426.5	-1,276	-1,577	-2,019
Sale of Real Estate Assets	2.5	2.5	1,128	1,841	87.2	-
Net Sale / Acq. of Real Estate Assets	-71.5	-39.6	701.8	564.1	-1,490	-2,019
Investment in Marketable & Equity Securities	185.2	155.2	-	-	-60.2	-57.3
Other Investing Activities	344.1	344.5	-65.4	-54	-5.3	-5.3
Investing Cash Flow	457.8	460.1	636.2	510	-1,556	-2,087
Long-Term Debt Issued	-	343.4	941.3	854.1	1,688	2,090
Long-Term Debt Repaid	-	-612.5	-1,550	-1,529	-172.8	-492.4
Net Debt Issued (Repaid)	-267.4	-269.1	-608.7	-674.5	1,515	1,598
Issuance of Common Stock	-	-	-	-	-	476.2
Repurchase of Common Stock	-	-	-22.9	-41.1	-28.6	-20.2
Common Dividends Paid	-	-	-	-12.9	-12.9	-8.5
Preferred Dividends Paid	-	-	-9	-36.1	-36.1	-36.1
Total Dividends Paid	-	-	-9	-49	-49	-44.6
Other Financing Activities	-8.6	-	-	-96.6	-24.3	-20
Miscellaneous Cash Flow Adjustments	-	-0.1	-	-	-	-
Net Cash Flow	161	175.9	53	-217.5	-81.2	-32.9
Cash Income Tax Paid	0.1	0.1	0.5	0.5	0.6	0.7
Levered Free Cash Flow	87.24	49.93	-178.91	-37.14	10.43	13.24
Unlevered Free Cash Flow	200.55	166.61	49.34	144.36	97.11	67.99
Change in Working Capital	-37.8	-28.5	31	35.8	-22.2	8

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