Nordnet 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	3,015	2,814	2,579	1,653	1,985
Depreciation & Amortization, Total	226	98.3	92.1	94.1	93
Change in Other Net Operating Assets	9,391	3,194	-15,248	5,115	11,523
Other Operating Activities	-86	-196	-108.9	-446.9	-57.8
Operating Cash Flow	12,546	6,096	-12,598	6,493	13,612
Capital Expenditures	-276	-48.8	-36.7	-23.7	-46.1
Sale (Purchase) of Intangibles	-	-194.8	-180	-136.9	-121.5
Investment in Securities	-8,739	-3,180	14,166	-5,593	-12,033
Other Investing Activities	-	-0.1	-	-	-
Investing Cash Flow	-9,015	-3,424	13,949	-5,753	-12,200
Long-Term Debt Repaid	-	-86.1	-45.2	-1.9	-30.4
Net Debt Issued (Repaid)	-	-86.1	-45.2	-1.9	-30.4
Issuance of Common Stock	-	-	300	-	600
Repurchase of Common Stock	-604	-797.9	-	-56.5	-
Common Dividends Paid	-	-1,808	-1,148	-1,388	-820
Other Financing Activities	-1,919	84.8	16	17.3	13.6
Financing Cash Flow	-2,523	-2,608	-877.5	-1,429	-236.8
Foreign Exchange Rate Adjustments	-21	-3.9	-10	6	15.5
Net Cash Flow	987	60.5	463	-682.9	1,191
Free Cash Flow	12,270	6,047	-12,635	6,470	13,566
Free Cash Flow Growth	102.91%	-	-	-52.31%	14.10%
Free Cash Flow Margin	202.21%	105.26%	-249.44%	161.33%	313.00%
Free Cash Flow Per Share	49.07	24.07	-50.56	25.82	54.02
Cash Interest Paid	-	936.4	801.3	445.9	276.7
Cash Income Tax Paid	-	808.9	482	614.4	350.4

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.