NOTE AB 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	268	281	248.03	319.96	254.24	194.06
Depreciation & Amortization	129	123	117.52	108.17	79.95	63.34
Other Amortization	-	-	4.07	3.67	3.29	3.04
Asset Writedown & Restructuring Costs	-	-	12.31	16.12	20.22	-3.15
Other Operating Activities	-2	-12	-0.1	-43.9	1.3	29.73
Change in Accounts Receivable	-	-	18.59	14.8	-152.24	-259.88
Change in Inventory	-	-	268.12	16.64	-317.8	-422.21
Change in Other Net Operating Assets	-17	115	-66.95	-93.6	160.81	361.94
Operating Cash Flow	378	507	601.59	341.84	49.79	-33.13
Operating Cash Flow Growth	-45.58%	-15.72%	75.98%	586.58%	-	-
Capital Expenditures	-	-	-89.26	-91.73	-46.41	-27.49
Cash Acquisitions	-	-	-31.17	-148.68	-33.84	-80.14
Sale (Purchase) of Intangibles	-	-	-17.14	-3.24	-0.71	-1.15
Other Investing Activities	-1,278	-475	-	-	-	-
Investing Cash Flow	-1,278	-475	-137.56	-243.64	-80.96	-108.79
Long-Term Debt Issued	-	-	-	60.67	63.42	220.21
Long-Term Debt Repaid	-	-	-174.41	-72.51	-60.59	-58.1
Net Debt Issued (Repaid)	-	-	-174.41	-11.84	2.84	162.11
Issuance of Common Stock	-	-	5.08	-	11.66	6.12
Repurchase of Common Stock	-	-	-66.38	-	-	-
Other Financing Activities	699	-128	-	-	-	-
Financing Cash Flow	699	-128	-235.71	-11.84	14.5	168.23
Foreign Exchange Rate Adjustments	8	-22	13.03	-4.18	5.15	5.12
Net Cash Flow	-193	-118	241.34	82.18	-11.52	31.44
Free Cash Flow	378	507	512.32	250.11	3.38	-60.62
Free Cash Flow Growth	-40.03%	-1.04%	104.84%	7306.37%	-	-
Free Cash Flow Margin	10.02%	13.29%	13.13%	5.89%	0.09%	-2.29%
Free Cash Flow Per Share	13.23	17.76	17.78	8.63	0.12	-2.10
Cash Interest Paid	-	-	8.12	10.47	15.01	6.38
Cash Income Tax Paid	75	75	60.35	72.95	55.04	16.81
Levered Free Cash Flow	221.63	440.8	394.74	124.23	-105.13	-197.75
Unlevered Free Cash Flow	244.13	458.3	419.21	147.64	-95.33	-193.76
Change in Working Capital	-17	115	219.76	-62.17	-309.22	-320.15

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.