STO:STUDBO Cash Flow 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
Net Income	90.63	214.4	20.07	-351.24	75.74	114.22
Depreciation & Amortization	2.04	2.04	1.86	1.94	1.63	0.13
Gain (Loss) on Sale of Assets	-0.12	-0.12	-1.28	0.04	2.42	-
Change in Accounts Receivable	-3.59	-0.66	-21.84	-3.69	-0.61	-27.58
Change in Other Net Operating Assets	-2.69	-2.3	7.36	-123.28	82.2	-18.04
Other Operating Activities	-14.98	-137.54	26.57	377.34	-24.11	-120.94
Operating Cash Flow	71.28	75.81	32.74	-98.88	137.26	-52.22
Operating Cash Flow Growth	160.30%	131.54%	-	-	-	-
Acquisition of Real Estate Assets	-15.75	-13.31	-246.21	-823.95	-1,011	-1,184
Sale of Real Estate Assets	-	14.79	2.61	-	3.9	-
Net Sale / Acq. of Real Estate Assets	-15.75	1.48	-243.6	-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	-3.82	-4.07	24.01	-19.88	183.69	27.87
Investing Cash Flow	-19.57	-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	869.67	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	-969.46	-532.53	-1,809	-450.83	-1,262	-265.61
Net Debt Issued (Repaid)	-99.79	-117.19	117.09	500.6	727.7	1,630
Issuance of Common Stock	144.54	144.54	-	331.18	178.28	-
Other Financing Activities	-	-	-	-	-	8.18
Foreign Exchange Rate Adjustments	0.27	0.39	-0.05	0.82	7.54	-
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	96.73	100.97	-29.67	-110.37	-38.47	-91.42
Cash Interest Paid	184.6	184.6	195.79	176	82.23	66.3
Cash Income Tax Paid	6.86	6.86	-2.41	-4.13	-11.14	20.71
Levered Free Cash Flow	28.18	-28.15	31.1	-121.18	171.08	-11.4
Unlevered Free Cash Flow	176.06	119.6	171.84	-6.89	221.31	25.71
Change in Working Capital	-6.28	-2.96	-14.48	-126.97	81.59	-45.63

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