STO:SES Income 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
Revenue	33.5	31.53	170.76	13.94	7.98	7.59
Revenue Growth (YoY)	-72.19%	-81.53%	1125.02%	74.76%	5.06%	403.45%
Cost of Revenue	67.31	68.84	55.87	41.44	34.21	24.93
Gross Profit	-33.81	-37.31	114.88	-27.5	-26.23	-17.34
Selling, General & Admin	49.32	46.94	48.7	50.72	43.74	26.52
Other Operating Expenses	-0.21	-0.21	-	-0.07	-0.22	-0.32
Operating Expenses	66.25	64.32	64.95	66.11	57.55	39.64
Operating Income	-100.05	-101.63	49.93	-93.61	-83.78	-56.98
Interest Expense	-110.86	-111.02	-1.09	-3.91	-0.21	-0.17
Interest & Investment Income	1.04	1.69	5.2	5.34	0.33	0.07
Currency Exchange Gain (Loss)	-	-	-0.43	-0.14	0.08	-0.04
Other Non Operating Income (Expenses)	-0	-0	-	-	0	0.08
EBT Excluding Unusual Items	-209.88	-210.96	53.62	-92.32	-83.59	-57.03
Asset Writedown	-155.66	-155.66	-	-	-	-
Pretax Income	-423.74	-366.62	53.62	-92.32	-83.59	-57.03
Net Income	-423.74	-366.62	53.62	-92.32	-83.59	-57.03
Net Income to Common	-423.74	-366.62	53.62	-92.32	-83.59	-57.03
Shares Outstanding (Basic)	1,036	963	766	769	643	570
Shares Outstanding (Diluted)	1,036	963	766	769	643	570
Shares Change (YoY)	35.20%	25.77%	-0.44%	19.66%	12.74%	2.66%
EPS (Basic)	-0.41	-0.38	0.07	-0.12	-0.13	-0.10
EPS (Diluted)	-0.41	-0.38	0.07	-0.12	-0.13	-0.10
Free Cash Flow	-92.32	-73.49	42.91	-65.36	-80.25	-47.64
Free Cash Flow Per Share	-0.09	-0.08	0.06	-0.09	-0.13	-0.08
Gross Margin	-100.90%	-118.30%	67.28%	-197.27%	-	-228.39%
Operating Margin	-298.63%	-322.28%	29.24%	-671.56%	-1050.45%	-750.51%
Profit Margin	-1264.74%	-1162.62%	31.40%	-662.34%	-1047.99%	-751.24%
Free Cash Flow Margin	-275.54%	-233.04%	25.13%	-468.88%	-1006.12%	-627.45%
EBITDA	-82.44	-84.04	59.65	-84.68	-75.41	-48.74
EBITDA Margin	-246.06%	-266.49%	34.93%	-	-	-
D&A For EBITDA	17.61	17.59	9.72	8.93	8.38	8.24
EBIT	-100.05	-101.63	49.93	-93.61	-83.78	-56.98
EBIT Margin	-298.63%	-	29.24%	-	-	-
Revenue as Reported	33.49	32.48	170.83	13.88	7.66	8.58

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