Thule Group AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	1,055	1,122	1,099	1,275	1,790	1,166	Upgrade
Depreciation & Amortization	345	283	293	200	153	145	Upgrade
Loss (Gain) From Sale of Assets	2	2	6	2	1	1	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	-	81	Upgrade
Other Operating Activities	-22	134	-184	22	135	180	Upgrade
Change in Accounts Receivable	-32	112	-74	218	-142	-241	Upgrade
Change in Inventory	145	492	801	-412	-1,370	-90	Upgrade
Change in Other Net Operating Assets	-29	165	-91	-689	561	372	Upgrade
Operating Cash Flow	1,464	2,310	1,850	616	1,128	1,614	Upgrade
Operating Cash Flow Growth	-33.42%	24.87%	200.32%	-45.39%	-30.11%	56.70%	Upgrade
Capital Expenditures	-319	-264	-251	-443	-505	-167	Upgrade
Sale of Property, Plant & Equipment	1	1	-	1	3	3	Upgrade
Cash Acquisitions	-2,830	-2,837	-	-20	-	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-1	-2	-6	Upgrade
Other Investing Activities	-	1	-	-1	1	-	Upgrade
Investing Cash Flow	-3,148	-3,099	-251	-464	-503	-170	Upgrade
Long-Term Debt Issued	-	6,738	3	1,305	500	-	Upgrade
Long-Term Debt Repaid	-	-4,641	-995	-78	-64	-1,285	Upgrade
Net Debt Issued (Repaid)	2,545	2,097	-992	1,227	436	-1,285	Upgrade
Issuance of Common Stock	-	-	273	-	-	262	Upgrade
Common Dividends Paid	-950	-1,004	-967	-1,359	-1,621	-	Upgrade
Other Financing Activities	10	9	7	-4	-1	22	Upgrade
Financing Cash Flow	1,605	1,102	-1,679	-136	-1,186	-1,001	Upgrade
Foreign Exchange Rate Adjustments	-17	-2	-2	11	4	-5	Upgrade
Net Cash Flow	-96	311	-82	27	-557	438	Upgrade
Free Cash Flow	1,145	2,046	1,599	173	623	1,447	Upgrade
Free Cash Flow Growth	-40.70%	27.96%	824.28%	-72.23%	-56.95%	64.06%	Upgrade
Free Cash Flow Margin	11.15%	21.44%	17.51%	1.71%	6.00%	18.48%	Upgrade
Free Cash Flow Per Share	10.65	19.32	15.19	1.65	5.90	13.91	Upgrade
Cash Interest Paid	-	-	-	64	32	42	Upgrade
Cash Income Tax Paid	239	188	509	410	402	183	Upgrade
Levered Free Cash Flow	875.13	1,587	1,328	-364.75	70.5	1,256	Upgrade
Unlevered Free Cash Flow	1,012	1,684	1,426	-312.25	94.88	1,289	Upgrade
Change in Working Capital	84	769	636	-883	-951	41	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.