Vestum 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	-109	-197	-374	141	5	-19	Upgrade
Depreciation & Amortization	462	468	520	543	115	2	Upgrade
Loss (Gain) From Sale of Assets	2	2	10	3	-	-	Upgrade
Other Operating Activities	-53	26	287	-240	-2	17	Upgrade
Change in Accounts Receivable	-47	112	-30	-114	-35	-48	Upgrade
Change in Inventory	-9	-10	25	-73	-15	-6	Upgrade
Change in Other Net Operating Assets	21	-24	25	137	-78	46	Upgrade
Operating Cash Flow	267	377	463	397	-10	-8	Upgrade
Operating Cash Flow Growth	-13.31%	-18.57%	16.63%	-	-	-	Upgrade
Capital Expenditures	-62	-41	-52	-33	-42	-	Upgrade
Cash Acquisitions	-277	-298	-348	-1,188	-2,133	-	Upgrade
Divestitures	559	68	362	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-11	-3	-6	-1	-33	-2	Upgrade
Investment in Securities	-	-2	-	-	1	-	Upgrade
Other Investing Activities	-	1	-1	1	-	-	Upgrade
Investing Cash Flow	209	-275	-45	-1,221	-2,207	-2	Upgrade
Long-Term Debt Issued	-	-	-	131	1,526	-	Upgrade
Total Debt Issued	-	-	-	131	1,526	-	Upgrade
Long-Term Debt Repaid	-	-415	-834	-122	-37	-	Upgrade
Total Debt Repaid	-648	-415	-834	-122	-37	-	Upgrade
Net Debt Issued (Repaid)	-648	-415	-834	9	1,489	-	Upgrade
Issuance of Common Stock	-	-	2	20	2,288	-	Upgrade
Other Financing Activities	-3	-1	-	-8	3	-	Upgrade
Financing Cash Flow	-651	-416	-832	21	3,780	-	Upgrade
Foreign Exchange Rate Adjustments	-8	8	-	4	1	-	Upgrade
Miscellaneous Cash Flow Adjustments	135	135	151	-111	-49	10	Upgrade
Net Cash Flow	-48	-171	-263	-910	1,515	-	Upgrade
Free Cash Flow	205	336	411	364	-52	-8	Upgrade
Free Cash Flow Growth	-24.91%	-18.25%	12.91%	-	-	-	Upgrade
Free Cash Flow Margin	5.18%	7.91%	9.31%	7.05%	-3.95%	-	Upgrade
Free Cash Flow Per Share	0.55	0.89	1.09	0.99	-0.28	-0.22	Upgrade
Cash Interest Paid	162	162	193	145	17	-	Upgrade
Cash Income Tax Paid	74	74	73	122	5	-	Upgrade
Levered Free Cash Flow	364	215.75	538.75	342.25	-249.88	11.39	Upgrade
Unlevered Free Cash Flow	431.5	321.38	680	454.75	-224.88	12.02	Upgrade
Change in Working Capital	-35	78	20	-50	-128	-8	Upgrade

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