Studentbostäder i Norden AB (publ) (STO:STUDBO)

STO:STUDBO Cash Flow Statement

Financials in millions SEK. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	214.4	20.07	-351.24	75.74	114.22
Depreciation & Amortization	-	1.86	1.94	1.63	0.13
Gain (Loss) on Sale of Assets	-	-1.28	0.04	2.42	-
Change in Accounts Receivable	-0.66	-21.84	-3.69	-0.61	-27.58
Change in Other Net Operating Assets	-2.3	7.36	-123.28	82.2	-18.04
Other Operating Activities	-135.63	26.57	377.34	-24.11	-120.94
Operating Cash Flow	75.81	32.74	-98.88	137.26	-52.22
Operating Cash Flow Growth	131.54%	-	-	-	-
Acquisition of Real Estate Assets	-13.31	-246.21	-823.95	-1,011	-1,184
Sale of Real Estate Assets	14.79	-	-	3.9	-
Net Sale / Acq. of Real Estate Assets	1.48	-246.21	-823.95	-1,007	-1,184
Cash Acquisition	-	-0.03	-	-266.06	-520.83
Investment in Marketable & Equity Securities	-	-	-	-0.23	-0.84
Other Investing Activities	-4.07	26.62	-19.88	183.69	27.87
Investing Cash Flow	-2.59	-179.46	-844.09	-1,089	-1,677
Long-Term Debt Issued	415.34	1,926	951.43	1,990	1,896
Total Debt Issued	415.34	1,926	951.43	1,990	1,896
Short-Term Debt Repaid	-	-	-	-	-0.64
Long-Term Debt Repaid	-532.53	-1,809	-450.83	-1,262	-264.97
Total Debt Repaid	-532.53	-1,809	-450.83	-1,262	-265.61
Net Debt Issued (Repaid)	-117.19	117.09	500.6	727.7	1,630
Issuance of Common Stock	144.54	-	331.18	178.28	-
Other Financing Activities	-	-	-	-	8.18
Foreign Exchange Rate Adjustments	0.39	-0.05	0.82	7.54	-
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	100.97	-29.67	-110.37	-38.47	-91.42
Cash Interest Paid	-	195.79	176	82.23	66.3
Cash Income Tax Paid	6.86	-2.41	-4.13	-11.14	20.71
Levered Free Cash Flow	-25.65	31.1	-121.18	171.08	-11.4
Unlevered Free Cash Flow	121.89	171.84	-6.89	221.31	25.71
Change in Working Capital	-2.96	-14.48	-126.97	81.59	-45.63

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