AB Sagax 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	4,048	5,255	-13	2,718	9,807
Depreciation & Amortization	1	1	1	1	1
Asset Writedown	-212	-546	1,297	-1,697	-3,876
Income (Loss) on Equity Investments	-1,009	-783	556	-1,375	-2,718
Change in Accounts Receivable	128	196	79	-159	-
Change in Other Net Operating Assets	-151	-431	1	371	32
Other Operating Activities	812	-341	1,644	3,368	-867
Operating Cash Flow	3,617	3,351	3,565	3,227	2,379
Operating Cash Flow Growth	7.94%	-6.00%	10.47%	35.64%	-6.96%
Acquisition of Real Estate Assets	-5,758	-6,033	-6,250	-3,975	-5,498
Sale of Real Estate Assets	481	215	350	80	917
Net Sale / Acq. of Real Estate Assets	-5,277	-5,818	-5,900	-3,895	-4,581
Investment in Marketable & Equity Securities	-1,601	316	1,197	-1,943	-2,441
Other Investing Activities	-421	-230	-46	-64	-1
Investing Cash Flow	-7,299	-5,732	-4,749	-5,902	-7,023
Long-Term Debt Issued	12,325	13,405	7,326	7,631	13,997
Long-Term Debt Repaid	-6,838	-9,683	-9,206	-4,050	-7,880
Net Debt Issued (Repaid)	5,487	3,722	-1,880	3,581	6,117
Issuance of Common Stock	11	15	4,212	39	36
Preferred Share Repurchases	-	-	-	-	-571
Common Dividends Paid	-1,437	-1,301	-1,111	-935	-
Common & Preferred Dividends Paid	-	-	-	-	-792
Total Dividends Paid	-1,437	-1,301	-1,111	-935	-792
Other Financing Activities	-650	203	-86	-19	-87
Foreign Exchange Rate Adjustments	-	1	1	2	-
Miscellaneous Cash Flow Adjustments	1	-	-	-1	1
Net Cash Flow	-270	259	-48	-8	60
Cash Income Tax Paid	202	162	130	149	146
Levered Free Cash Flow	2,101	1,924	3,474	-507.38	1,162
Unlevered Free Cash Flow	2,736	2,485	3,926	-226.75	1,420
Change in Working Capital	-23	-235	80	212	32

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