Midsummer AB (publ) (STO:MIDS)

Midsummer AB Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-74.44	-129.45	-222.21	-87.84	-129.51
Depreciation & Amortization	42.19	36.21	35.58	0.5	21.14
Other Amortization	-	-	-	19.02	17.09
Asset Writedown & Restructuring Costs	-	27.1	-	0.33	0.19
Other Operating Activities	19.42	3.22	13.4	-57.33	-0.13
Change in Accounts Receivable	-2.08	65.52	78.31	-2.58	54.56
Change in Inventory	8.76	-11.72	-10.7	9.91	-3.89
Change in Other Net Operating Assets	-34.54	0.93	34.57	35.65	-22.83
Operating Cash Flow	-40.7	-8.2	-71.07	-82.34	-63.39
Capital Expenditures	-20.46	-41.9	-43.8	-49.61	-90.35
Sale of Property, Plant & Equipment	-	0.12	0.13	-	-
Sale (Purchase) of Intangibles	-19.78	-20.79	-20.23	-20.2	-25
Investing Cash Flow	-40.25	-62.57	-63.9	-69.8	-115.35
Long-Term Debt Issued	100	14.99	20.01	20	-
Total Debt Issued	100	14.99	20.01	20	-
Long-Term Debt Repaid	-54.73	-19.41	-35.32	-6.53	-6.9
Total Debt Repaid	-54.73	-19.41	-35.32	-6.53	-6.9
Net Debt Issued (Repaid)	45.27	-4.42	-15.31	13.47	-6.9
Issuance of Common Stock	62.65	65.99	168.04	-	125.87
Other Financing Activities	-8.1	-2.84	0.05	-19.03	-
Financing Cash Flow	99.82	58.73	152.78	-5.56	118.97
Foreign Exchange Rate Adjustments	-	-0.02	0.32	0.92	1.31
Miscellaneous Cash Flow Adjustments	2	-	-	-	-
Net Cash Flow	20.87	-12.06	18.14	-156.77	-58.45
Free Cash Flow	-61.16	-50.1	-114.86	-131.95	-153.74
Free Cash Flow Margin	-37.21%	-96.20%	-231.44%	-179.50%	-128.89%
Free Cash Flow Per Share	-0.19	-0.24	-1.11	-1.95	-2.59
Cash Interest Paid	-	17.85	5.55	19.68	21.17
Levered Free Cash Flow	-67.56	4.78	-159.57	-231.42	-139.06
Unlevered Free Cash Flow	-50.82	31.11	-109.76	-219.12	-125.83
Change in Working Capital	-27.87	54.73	102.18	42.98	27.84

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