Subgen AI AB (publ) (STO:SUBGEN)

Subgen AI AB Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-81.92	-50.92	3.93	-95.38
Depreciation & Amortization	18.24	4.47	24.12	5.93
Other Amortization	20.11	20.11	-	6.55
Loss (Gain) From Sale of Assets	-	-	0.67	-
Asset Writedown & Restructuring Costs	-	-	2.42	29
Loss (Gain) From Sale of Investments	0.59	0.59	-9.92	-
Other Operating Activities	119.91	109.43	31.66	8.69
Change in Accounts Receivable	11.51	6.96	0.97	-39.4
Change in Inventory	-14.88	-11.55	0.27	-5.56
Change in Accounts Payable	-19.97	-17.15	-10.48	54.36
Change in Other Net Operating Assets	29.01	-	-	-5.17
Operating Cash Flow	82.59	61.94	43.64	-40.99
Operating Cash Flow Growth	65.99%	41.93%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Capital Expenditures	-9.29	-9.17	-15.7	-0.65
Divestitures	-	-	-	10.06
Sale (Purchase) of Intangibles	-55.28	-44.65	-78.12	-7.92
Investment in Securities	-	-	-	-6.96
Investing Cash Flow	-62.9	-53.81	-93.82	-5.47

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Long-Term Debt Issued	-	-	-	29.39
Long-Term Debt Repaid	-	-	-	-0.82
Net Debt Issued (Repaid)	-15.49	-	-	28.58
Issuance of Common Stock	78.42	80.42	22.04	50.02
Other Financing Activities	-9.56	-14.91	-5.55	-
Financing Cash Flow	53.38	65.52	16.49	78.6

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Foreign Exchange Rate Adjustments	-8.12	-8.59	-2.19	-
Miscellaneous Cash Flow Adjustments	-63.41	-63.41	2.88	-
Net Cash Flow	1.54	1.64	-33	32.14

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Free Cash Flow	73.29	52.77	27.94	-41.63
Free Cash Flow Growth	98.21%	88.86%	-	-
Free Cash Flow Margin	35.52%	25.82%	13.71%	-43.51%
Free Cash Flow Per Share	0.04	0.42	0.24	-1.31
Levered Free Cash Flow	-197.61	-86.6	-44.83	-
Unlevered Free Cash Flow	-171.47	-76.15	-38.85	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash Interest Paid	0.44	-	-	2.72
Cash Income Tax Paid	12.32	7.21	1.17	-
Change in Working Capital	5.67	-21.73	-9.24	4.23

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

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