NOTE AB (publ) (STO:NOTE)

Revenue by Segment

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Western Europe	2.85B	3.02B	3.11B	2.56B	1.87B
Western Europe Growth	-5.66%	-2.83%	21.46%	37.01%	48.56%
Rest of World	1.03B	925.31M	1.20B	1.19B	882.73M
Rest of World Growth	10.77%	-22.98%	0.63%	35.25%	35.53%
Intra-Group	-60.00M	-44.25M	-65.82M	-65.33M	-106.80M
Total	3.81B	3.90B	4.24B	3.69B	2.64B
Total Growth	-2.23%	-8.07%	15.08%	39.49%	41.07%

Revenue by Geography

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Sweden	1.74B	1.99B	1.67B	1.11B
Sweden Growth	-12.89%	19.72%	49.94%	20.52%
Rest of The World	60.00M	67.10M	90.70M	57.20M
Rest of The World Growth	-10.58%	-26.02%	58.57%	3.25%
England	730.80M	852.80M	731.20M	553.80M
England Growth	-14.31%	16.63%	32.03%	165.36%
Germany	210.80M	193.60M	132.10M	113.20M
Germany Growth	8.88%	46.56%	16.70%	308.66%
USA	194.50M	251.90M	192.00M	161.30M
USA Growth	-22.79%	31.20%	19.03%	64.09%
Italy	52.30M	52.40M	90.00M	79.50M
Italy Growth	-0.19%	-41.78%	13.21%	4.61%
Rest of Europe	461.20M	445.10M	373.90M	181.50M
Rest of Europe Growth	3.62%	19.04%	106.01%	26.13%
China	183.90M	165.70M	213.40M	200.90M
China Growth	10.98%	-22.35%	6.22%	49.15%
Finland	270.70M	220.90M	198.40M	185.20M
Finland Growth	22.54%	11.34%	7.13%	-10.70%
Total	3.90B	4.24B	3.69B	2.64B
Total Growth	-8.07%	15.08%	39.49%	41.07%

Source: S&P Global Market Intelligence.