STO:SES Balance Sheet

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
Cash & Equivalents	73.49	75.31	214.9	29.98	123.25
Cash & Short-Term Investments	73.49	75.31	214.9	29.98	123.25
Cash Growth	-2.41%	-64.96%	616.82%	-75.67%	211.41%
Accounts Receivable	1.6	2.95	2.61	0.77	0.37
Other Receivables	12.79	30	5.38	5.23	3.47
Receivables	14.39	32.95	7.99	6	3.83
Inventory	2.62	1.83	2.12	2.09	2.3
Prepaid Expenses	4.14	1.21	1.06	0.98	0.61
Other Current Assets	-	0	-	-	-0
Total Current Assets	94.64	111.29	226.06	39.05	129.98
Property, Plant & Equipment	74.61	82.84	79.17	78.76	70.67
Long-Term Investments	14.39	108.43	-	-	-
Goodwill	-	-	-	1.22	2.44
Other Intangible Assets	0.52	1.89	2.45	2.87	3.41
Long-Term Deferred Charges	96.88	140.43	73.72	48.95	36.38
Other Long-Term Assets	-	-	-	-	0.15
Total Assets	281.04	444.88	381.4	170.85	243.04
Accounts Payable	17.69	17.61	10.14	9.33	5.54
Accrued Expenses	17.86	6.03	7.1	6.15	3.98
Current Portion of Long-Term Debt	0.82	0.82	0.82	0.82	0.78
Other Current Liabilities	16.13	29.44	25.16	5.77	4.77
Total Current Liabilities	52.5	53.9	43.21	22.06	15.07
Long-Term Debt	2.76	3.58	4.39	5.21	-
Other Long-Term Liabilities	-	0	-	-	0.8
Total Liabilities	55.26	57.47	47.6	27.27	15.87
Common Stock	43.83	32.27	32.27	26.27	26.27
Additional Paid-In Capital	1,015	821.24	821.24	544.7	544.7
Comprehensive Income & Other	-832.72	-466.1	-519.71	-427.39	-343.8
Shareholders' Equity	225.79	387.41	333.79	143.58	227.16
Total Liabilities & Equity	281.04	444.88	381.4	170.85	243.04
Total Debt	3.58	4.39	5.21	6.02	0.78
Net Cash (Debt)	69.92	70.91	209.69	23.96	122.47
Net Cash Growth	-1.41%	-66.18%	775.34%	-80.44%	243.69%
Net Cash Per Share	0.07	0.09	0.27	0.04	0.21
Filing Date Shares Outstanding	1,096	806.62	806.62	656.62	656.62
Total Common Shares Outstanding	1,096	806.62	806.62	656.62	656.62
Working Capital	42.14	57.4	182.84	16.98	114.91
Book Value Per Share	0.21	0.48	0.41	0.22	0.35
Tangible Book Value	225.26	385.52	331.34	139.49	221.32
Tangible Book Value Per Share	0.21	0.48	0.41	0.21	0.34
Machinery	-	136.09	123.28	115.73	101.22

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