NOTE 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	281	248.03	319.96	254.24	194.06	Upgrade
Depreciation & Amortization	123	117.52	108.17	79.95	63.34	Upgrade
Other Amortization	-	4.07	3.67	3.29	3.04	Upgrade
Asset Writedown & Restructuring Costs	-	12.31	16.12	20.22	-3.15	Upgrade
Other Operating Activities	-12	-0.1	-43.9	1.3	29.73	Upgrade
Change in Accounts Receivable	-	18.59	14.8	-152.24	-259.88	Upgrade
Change in Inventory	-	268.12	16.64	-317.8	-422.21	Upgrade
Change in Other Net Operating Assets	115	-66.95	-93.6	160.81	361.94	Upgrade
Operating Cash Flow	507	601.59	341.84	49.79	-33.13	Upgrade
Operating Cash Flow Growth	-15.72%	75.98%	586.58%	-	-	Upgrade
Capital Expenditures	-	-89.26	-91.73	-46.41	-27.49	Upgrade
Cash Acquisitions	-	-31.17	-148.68	-33.84	-80.14	Upgrade
Sale (Purchase) of Intangibles	-	-17.14	-3.24	-0.71	-1.15	Upgrade
Other Investing Activities	-475	-	-	-	-	Upgrade
Investing Cash Flow	-475	-137.56	-243.64	-80.96	-108.79	Upgrade
Long-Term Debt Issued	-	-	60.67	63.42	220.21	Upgrade
Long-Term Debt Repaid	-	-174.41	-72.51	-60.59	-58.1	Upgrade
Net Debt Issued (Repaid)	-	-174.41	-11.84	2.84	162.11	Upgrade
Issuance of Common Stock	-	5.08	-	11.66	6.12	Upgrade
Repurchase of Common Stock	-	-66.38	-	-	-	Upgrade
Other Financing Activities	-128	-	-	-	-	Upgrade
Financing Cash Flow	-128	-235.71	-11.84	14.5	168.23	Upgrade
Foreign Exchange Rate Adjustments	-22	13.03	-4.18	5.15	5.12	Upgrade
Net Cash Flow	-118	241.34	82.18	-11.52	31.44	Upgrade
Free Cash Flow	507	512.32	250.11	3.38	-60.62	Upgrade
Free Cash Flow Growth	-1.04%	104.84%	7306.37%	-	-	Upgrade
Free Cash Flow Margin	13.29%	13.13%	5.89%	0.09%	-2.29%	Upgrade
Free Cash Flow Per Share	17.76	17.78	8.63	0.12	-2.10	Upgrade
Cash Interest Paid	-	8.12	10.47	15.01	6.38	Upgrade
Cash Income Tax Paid	75	60.35	72.95	55.04	16.81	Upgrade
Levered Free Cash Flow	440.8	394.74	124.23	-105.13	-197.75	Upgrade
Unlevered Free Cash Flow	458.3	419.21	147.64	-95.33	-193.76	Upgrade
Change in Working Capital	115	219.76	-62.17	-309.22	-320.15	Upgrade

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