STO:ANNX Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	-36.89	-50.25	-44.05	-40.73	-52.14	Upgrade
Depreciation & Amortization	-	0.19	0.19	0.19	0.19	Upgrade
Other Operating Activities	0.19	0	0	-	5.19	Upgrade
Change in Accounts Payable	0.01	-1.37	1	-0.18	0.61	Upgrade
Change in Other Net Operating Assets	-0.24	1.2	-0.54	-0.45	1.13	Upgrade
Operating Cash Flow	-36.93	-50.23	-43.4	-41.17	-45.02	Upgrade
Capital Expenditures	-0.13	-	-	-	-	Upgrade
Investment in Securities	-	-	0.1	-0.26	-	Upgrade
Investing Cash Flow	-0.13	-	0.1	-0.26	-	Upgrade
Long-Term Debt Issued	-	5	10	-	20	Upgrade
Net Debt Issued (Repaid)	-	5	10	-	20	Upgrade
Issuance of Common Stock	49.97	40.06	26.5	23.11	66.66	Upgrade
Other Financing Activities	-1.86	0.1	-2.9	-0.05	-10.29	Upgrade
Financing Cash Flow	48.11	45.15	33.61	23.06	76.37	Upgrade
Miscellaneous Cash Flow Adjustments	-	-0	-0	-	-	Upgrade
Net Cash Flow	11.06	-5.08	-9.7	-18.37	31.35	Upgrade
Free Cash Flow	-37.05	-50.23	-43.4	-41.17	-45.02	Upgrade
Free Cash Flow Per Share	-5.60	-11.11	-25.97	-28.14	-54.88	Upgrade
Cash Interest Paid	-	0.05	0	-	-	Upgrade
Levered Free Cash Flow	-23.05	-31.48	-26.87	-26.05	-28.92	Upgrade
Unlevered Free Cash Flow	-23.05	-31.48	-26.87	-26.05	-27.76	Upgrade
Change in Working Capital	-0.23	-0.17	0.46	-0.63	1.74	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.