Pandox 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
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
Net Income	3,139	1,689	-585	4,217	610
Depreciation & Amortization	331	287	286	334	280
Gain (Loss) on Sale of Assets	-	-	-	-	19
Asset Writedown	-606	-474	1,107	-1,180	368
Change in Accounts Receivable	-	-	-	-14	-378
Change in Other Net Operating Assets	633	-39	230	146	-8
Other Operating Activities	-396	363	1,155	-1,126	-461
Operating Cash Flow	3,101	1,826	2,193	2,377	430
Operating Cash Flow Growth	69.83%	-16.73%	-7.74%	452.79%	-6.52%
Acquisition of Real Estate Assets	-1,087	-1,024	-922	-863	-990
Net Sale / Acq. of Real Estate Assets	-1,087	-1,024	-922	-863	-990
Cash Acquisition	-15,860	-3,762	-1,465	-901	-482
Investment in Marketable & Equity Securities	-78	-15	12	3	-49
Investing Cash Flow	-16,876	-4,121	-1,481	-1,637	-1,521
Long-Term Debt Issued	26,127	20,760	12,944	12,811	8,196
Long-Term Debt Repaid	-11,527	-19,283	-14,168	-13,601	-8,088
Net Debt Issued (Repaid)	14,600	1,477	-1,224	-790	108
Issuance of Common Stock	-	2,000	-	-	-
Common Dividends Paid	-827	-735	-460	-	-
Other Financing Activities	-16	-45	-17	-16	-15
Foreign Exchange Rate Adjustments	-82	115	128	103	-31
Net Cash Flow	-100	517	-861	37	-1,029
Cash Interest Paid	1,502	1,492	1,243	893	841
Cash Income Tax Paid	610	280	178	86	60
Levered Free Cash Flow	861.63	1,050	1,334	2,446	680.88
Unlevered Free Cash Flow	1,992	2,566	3,389	1,614	795.25
Change in Working Capital	633	-39	230	132	-386

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