STO:LEVEL 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
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
Net Income	-3.08	-6.03	-5.15	-77.18	-23.75
Depreciation & Amortization	18.3	22.21	15.03	54.18	6.07
Other Operating Activities	-3.25	-4.65	4.39	66.43	4.85
Change in Accounts Receivable	-8.85	1.05	-13.21	-40.05	-11.66
Change in Inventory	1.69	-0.38	-1.21	-3.8	-2.63
Change in Other Net Operating Assets	6.92	-7.01	-21.71	23.23	-27.43
Operating Cash Flow	11.73	5.19	-34.81	-40.71	-54.55
Operating Cash Flow Growth	125.91%	-	-	-	-
Capital Expenditures	-0.23	-1.8	-1.86	-3.05	-0.25
Sale of Property, Plant & Equipment	3.1	0.69	0.98	0.56	0.58
Cash Acquisitions	-	-16.18	-1.54	-16.22	20.04
Divestitures	-	-	-5.67	-	-
Investing Cash Flow	2.87	-17.29	-8.09	-18.72	20.37
Short-Term Debt Issued	20.03	11.7	-	-	-
Long-Term Debt Issued	4	10	23.66	77.97	36.22
Total Debt Issued	24.03	21.7	23.66	77.97	36.22
Long-Term Debt Repaid	-49.89	-37.81	-37.87	-28.52	-34.11
Total Debt Repaid	-49.89	-37.81	-37.87	-28.52	-34.11
Net Debt Issued (Repaid)	-25.86	-16.11	-14.21	49.45	2.11
Issuance of Common Stock	5.85	0.13	63.18	-	58.91
Other Financing Activities	-0	-	-	7.39	0.26
Financing Cash Flow	-20.01	-15.98	48.97	56.83	61.28
Miscellaneous Cash Flow Adjustments	0	-0	-	-	-
Net Cash Flow	-5.42	-28.08	6.07	-2.59	27.09
Free Cash Flow	11.5	3.39	-36.67	-43.76	-54.8
Free Cash Flow Growth	239.27%	-	-	-	-
Free Cash Flow Margin	2.95%	0.91%	-10.13%	-15.46%	-24.09%
Free Cash Flow Per Share	0.06	0.02	-0.23	-0.52	-1.19
Cash Interest Paid	5.63	5.28	3.97	4.24	2.53
Cash Income Tax Paid	2.79	2.01	2.86	-0.42	0.45
Levered Free Cash Flow	12.55	-40.42	-14.62	63.12	3.71
Unlevered Free Cash Flow	16.81	-36.41	-9.91	65.04	5.03
Change in Working Capital	-0.25	-6.33	-36.14	-20.61	-41.72

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