NOTE AB (publ) (STO:NOTE)

NOTE AB Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	144	293.22	411.18	169.84	87.66	99.17
Cash & Short-Term Investments	144	293.22	411.18	169.84	87.66	99.17
Cash Growth	-69.56%	-28.69%	142.10%	93.75%	-11.61%	46.41%
Accounts Receivable	953	846.63	856.28	875.84	872.39	675.08
Other Receivables	167	41.75	45.24	26.81	29.2	32.3
Receivables	1,120	888.37	901.51	902.65	901.59	707.38
Inventory	1,248	867.7	963.76	1,290	1,254	886.64
Prepaid Expenses	-	24.81	19.56	17.38	13.12	11.79
Other Current Assets	-	0.62	0.13	0.95	0.63	0.34
Total Current Assets	2,512	2,075	2,296	2,381	2,257	1,705
Property, Plant & Equipment	869	626.08	568.26	511.88	299.02	276.19
Goodwill	1,428	595.24	272.31	258.88	165.58	141.01
Other Intangible Assets	196	122.33	54.57	51.99	34.69	35.36
Long-Term Deferred Tax Assets	28	16.32	15.38	14.39	7.31	4.94
Other Long-Term Assets	1	0.96	1.1	2.09	2.22	0.97
Total Assets	5,034	3,436	3,208	3,220	2,765	2,164

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	747	539.74	534.19	602.79	686.26	594.32
Accrued Expenses	-	148.36	134.26	140.22	118.14	98.65
Short-Term Debt	-	529.98	316.19	412.21	350.92	261.46
Current Portion of Long-Term Debt	473	0.38	0.38	-	1.98	2.97
Current Portion of Leases	43	65.06	63.55	64.48	47.43	46.04
Current Income Taxes Payable	-	26.33	46.82	37.63	43.46	52.75
Other Current Liabilities	398	137.03	143.14	226.14	225.01	121.14
Total Current Liabilities	1,661	1,447	1,239	1,483	1,473	1,177
Long-Term Debt	983	125.2	143.92	5.4	5.87	12.35
Long-Term Leases	300	103.59	106.11	271.24	146.8	146.15
Long-Term Deferred Tax Liabilities	128	111.79	80.78	63.9	41.01	27.72
Other Long-Term Liabilities	13	-	-	-	-	-
Total Liabilities	3,085	1,787	1,569	1,824	1,667	1,364

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,949	15.05	15.01	15.01	15.01	14.81
Additional Paid-In Capital	-	264.37	252.03	246.95	246.95	235.49
Retained Earnings	-	1,363	1,281	1,099	778.97	524.73
Comprehensive Income & Other	-	5.84	90.82	35.23	57.56	25.24
Shareholders' Equity	1,949	1,648	1,638	1,396	1,098	800.26
Total Liabilities & Equity	5,034	3,436	3,208	3,220	2,765	2,164

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,799	824.21	630.13	753.33	553	468.97
Net Cash (Debt)	-1,655	-531	-218.95	-583.49	-465.35	-369.8
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-57.98	-18.63	-7.60	-20.13	-16.06	-12.81
Filing Date Shares Outstanding	28.55	28.55	28.98	28.98	28.98	28.58
Total Common Shares Outstanding	28.55	28.55	28.98	28.98	28.98	28.58
Working Capital	851	627.84	1,058	897.42	783.34	528
Book Value Per Share	68.27	57.73	56.53	48.17	37.90	28.00
Tangible Book Value	325	930.62	1,312	1,085	898.22	623.88
Tangible Book Value Per Share	11.38	32.60	45.25	37.44	30.99	21.83
Buildings	-	239.85	155.03	77.43	32.29	26.93
Machinery	-	651.3	655.93	589.74	444.52	389.78

Data Source: S&P Global Market Intelligence Last updated: Oct 23, 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:

Oct 29, 2026

Data Sources Report a data error