NOTE AB (publ) (STO:NOTE)

NOTE AB Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	473	411.18	169.84	87.66	99.17	67.74
Cash & Short-Term Investments	473	411.18	169.84	87.66	99.17	67.74
Cash Growth	49.68%	142.10%	93.75%	-11.61%	46.41%	-6.72%
Accounts Receivable	786	856.28	875.84	872.39	675.08	338.28
Other Receivables	111	45.24	26.81	29.2	32.3	18.27
Receivables	897	901.51	902.65	901.59	707.38	356.56
Inventory	862	963.76	1,290	1,254	886.64	354.09
Prepaid Expenses	-	19.56	17.38	13.12	11.79	5.95
Other Current Assets	-	0.13	0.95	0.63	0.34	0.34
Total Current Assets	2,232	2,296	2,381	2,257	1,705	784.68
Property, Plant & Equipment	592	568.26	511.88	299.02	276.19	191.88
Goodwill	257	272.31	258.88	165.58	141.01	105.71
Other Intangible Assets	65	54.57	51.99	34.69	35.36	20.59
Long-Term Deferred Tax Assets	15	15.38	14.39	7.31	4.94	5.75
Other Long-Term Assets	1	1.1	2.09	2.22	0.97	0.63
Total Assets	3,162	3,208	3,220	2,765	2,164	1,109
Accounts Payable	574	534.19	602.79	686.26	594.32	246.43
Accrued Expenses	-	134.26	140.22	118.14	98.65	81.79
Short-Term Debt	-	316.19	412.21	350.92	261.46	24.84
Current Portion of Long-Term Debt	372	0.38	-	1.98	2.97	-
Current Portion of Leases	22	63.55	64.48	47.43	46.04	32.83
Current Income Taxes Payable	-	46.82	37.63	43.46	52.75	20.35
Other Current Liabilities	317	143.14	226.14	225.01	121.14	25.06
Total Current Liabilities	1,285	1,239	1,483	1,473	1,177	431.3
Long-Term Debt	128	-81.67	5.4	5.87	12.35	-
Long-Term Leases	99	331.69	271.24	146.8	146.15	95.34
Long-Term Deferred Tax Liabilities	82	80.78	63.9	41.01	27.72	14.96
Total Liabilities	1,594	1,569	1,824	1,667	1,364	541.61
Common Stock	1,568	15.01	15.01	15.01	14.81	14.7
Additional Paid-In Capital	-	252.03	246.95	246.95	235.49	229.48
Retained Earnings	-	1,281	1,099	778.97	524.73	330.66
Comprehensive Income & Other	-	90.82	35.23	57.56	25.24	-7.2
Shareholders' Equity	1,568	1,638	1,396	1,098	800.26	567.63
Total Liabilities & Equity	3,162	3,208	3,220	2,765	2,164	1,109
Total Debt	621	630.13	753.33	553	468.97	153.02
Net Cash (Debt)	-148	-218.95	-583.49	-465.35	-369.8	-85.28
Net Cash Per Share	-5.20	-7.60	-20.13	-16.06	-12.81	-2.99
Filing Date Shares Outstanding	28.48	28.98	28.98	28.98	28.58	28.37
Total Common Shares Outstanding	28.48	28.98	28.98	28.98	28.58	28.37
Working Capital	947	1,058	897.42	783.34	528	353.38
Book Value Per Share	55.05	56.53	48.17	37.90	28.00	20.01
Tangible Book Value	1,246	1,312	1,085	898.22	623.88	441.34
Tangible Book Value Per Share	43.74	45.25	37.44	30.99	21.83	15.56
Buildings	-	155.03	77.43	32.29	26.93	24.93
Machinery	-	655.93	589.74	444.52	389.78	329.46

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