Nordnet 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 2021	2020 - 2016
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 '21 Dec 31, 2021	2020 - 2016
Net Income	3,055	3,015	2,814	2,579	1,653	1,985	Upgrade
Depreciation & Amortization, Total	109	101	98	92.1	94.1	93	Upgrade
Change in Other Net Operating Assets	10,596	9,392	3,193	-15,248	5,115	11,523	Upgrade
Other Operating Activities	411	-87	-196	-108.9	-446.9	-57.8	Upgrade
Operating Cash Flow	14,296	12,546	6,096	-12,598	6,493	13,612	Upgrade
Capital Expenditures	-52	-42	-49	-36.7	-23.7	-46.1	Upgrade
Sale (Purchase) of Intangibles	-234	-234	-195	-180	-136.9	-121.5	Upgrade
Investment in Securities	-9,920	-8,739	-3,180	14,166	-5,593	-12,033	Upgrade
Other Investing Activities	-1	-	-	-	-	-	Upgrade
Investing Cash Flow	-10,207	-9,015	-3,424	13,949	-5,753	-12,200	Upgrade
Long-Term Debt Repaid	-	-15	-86	-45.2	-1.9	-30.4	Upgrade
Net Debt Issued (Repaid)	-15	-15	-86	-45.2	-1.9	-30.4	Upgrade
Issuance of Common Stock	-	-	-	300	-	600	Upgrade
Repurchase of Common Stock	-501	-604	-798	-	-56.5	-	Upgrade
Common Dividends Paid	-2,024	-2,024	-1,808	-1,148	-1,388	-820	Upgrade
Other Financing Activities	35	120	84	16	17.3	13.6	Upgrade
Financing Cash Flow	-2,505	-2,523	-2,608	-877.5	-1,429	-236.8	Upgrade
Foreign Exchange Rate Adjustments	13	-21	-4	-10	6	15.5	Upgrade
Net Cash Flow	1,595	986	60	463	-682.9	1,191	Upgrade
Free Cash Flow	14,244	12,504	6,047	-12,635	6,470	13,566	Upgrade
Free Cash Flow Growth	-6.57%	106.78%	-	-	-52.31%	14.10%	Upgrade
Free Cash Flow Margin	229.59%	205.25%	105.24%	-249.44%	161.33%	313.00%	Upgrade
Free Cash Flow Per Share	57.08	50.01	24.07	-50.56	25.82	54.02	Upgrade
Cash Interest Paid	560	560	936	801.3	445.9	276.7	Upgrade
Cash Income Tax Paid	706	706	809	482	614.4	350.4	Upgrade

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