Yubico AB 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 2019
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 '19 Dec 1, 2019
Net Income	98.3	128.1	371.7	130.6	255.5	-
Depreciation & Amortization	34.5	34.5	35.9	33.3	11.2	-
Stock-Based Compensation	90.1	90.1	51.2	30.3	-	-
Other Operating Activities	-49.9	-43.4	-27	33.7	-45.4	-
Change in Accounts Receivable	155.5	58.8	-178.8	302.6	-327.2	-
Change in Inventory	4.5	-49.8	-175.6	-335.7	61.8	-
Change in Accounts Payable	-7.6	-7.6	-22.2	-25.3	-	-
Change in Other Net Operating Assets	-28	43.6	288.6	-81.5	76.8	-
Operating Cash Flow	297.4	254.3	343.8	114.1	32.7	-
Operating Cash Flow Growth	-16.20%	-26.03%	201.31%	248.93%	-	-
Capital Expenditures	-23.7	-23.7	-47.1	-12.9	-18.3	-
Sale of Property, Plant & Equipment	-	-	-	-	0.4	-
Cash Acquisitions	-	-	-	3,424	-	-
Sale (Purchase) of Intangibles	-20.5	-20.5	-12.2	-0.2	-0.4	-
Investment in Securities	-	-	-	-	-0.4	-
Other Investing Activities	-14.1	-4.2	-0.7	0.2	-	-
Investing Cash Flow	-58.3	-48.4	-60	3,411	-18.7	-
Long-Term Debt Issued	-	5.3	33.2	-	-	-
Long-Term Debt Repaid	-	-18.6	-55	-29.5	-13	-
Net Debt Issued (Repaid)	-13.3	-13.3	-21.8	-29.5	-13	-
Issuance of Common Stock	2.2	2.2	-	573.1	6.3	-
Repurchase of Common Stock	-90.4	-90.4	-	-	-	-
Common Dividends Paid	-	-	-	-3,803	-	-
Other Financing Activities	1.5	-0.5	-	-	-	-
Financing Cash Flow	-100	-102	-21.8	-3,259	-6.7	-
Foreign Exchange Rate Adjustments	-10.6	-32.9	14.7	-1.6	11.7	-
Miscellaneous Cash Flow Adjustments	-0.2	-0.1	0.1	-	-	-
Net Cash Flow	128.3	70.9	276.8	263.8	19	-
Free Cash Flow	273.7	230.6	296.7	101.2	14.4	-
Free Cash Flow Growth	-11.08%	-22.28%	193.18%	602.78%	-	-
Free Cash Flow Margin	13.20%	10.40%	12.75%	5.54%	0.92%	-
Free Cash Flow Per Share	3.14	2.63	3.35	1.70	-	-
Cash Income Tax Paid	108	108	97	21	11	-
Levered Free Cash Flow	244.03	202.51	200.65	104.08	-	-
Unlevered Free Cash Flow	245.46	203.95	203.03	107.33	-	-
Change in Working Capital	124.4	45	-88	-139.9	-188.6	-

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