NOTE AB (publ) (STO:NOTE)

NOTE AB Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	372	411.18	169.84	87.66	99.17	67.74
Cash & Short-Term Investments	372	411.18	169.84	87.66	99.17	67.74
Cash Growth	37.78%	142.10%	93.75%	-11.61%	46.41%	-6.72%
Accounts Receivable	876	856.28	875.84	872.39	675.08	338.28
Other Receivables	84	45.24	26.81	29.2	32.3	18.27
Receivables	960	901.51	902.65	901.59	707.38	356.56
Inventory	852	963.76	1,290	1,254	886.64	354.09
Prepaid Expenses	-	19.56	17.38	13.12	11.79	5.95
Other Current Assets	-	0.13	0.95	0.63	0.34	0.34
Total Current Assets	2,184	2,296	2,381	2,257	1,705	784.68
Property, Plant & Equipment	597	568.26	511.88	299.02	276.19	191.88
Goodwill	262	272.31	258.88	165.58	141.01	105.71
Other Intangible Assets	61	54.57	51.99	34.69	35.36	20.59
Long-Term Deferred Tax Assets	15	15.38	14.39	7.31	4.94	5.75
Other Long-Term Assets	1	1.1	2.09	2.22	0.97	0.63
Total Assets	3,120	3,208	3,220	2,765	2,164	1,109
Accounts Payable	558	534.19	602.79	686.26	594.32	246.43
Accrued Expenses	-	134.26	140.22	118.14	98.65	81.79
Short-Term Debt	-	316.19	412.21	350.92	261.46	24.84
Current Portion of Long-Term Debt	352	0.38	-	1.98	2.97	-
Current Portion of Leases	23	63.55	64.48	47.43	46.04	32.83
Current Income Taxes Payable	-	46.82	37.63	43.46	52.75	20.35
Other Current Liabilities	338	143.14	226.14	225.01	121.14	25.06
Total Current Liabilities	1,271	1,239	1,483	1,473	1,177	431.3
Long-Term Debt	137	-81.67	5.4	5.87	12.35	-
Long-Term Leases	105	331.69	271.24	146.8	146.15	95.34
Long-Term Deferred Tax Liabilities	81	80.78	63.9	41.01	27.72	14.96
Total Liabilities	1,594	1,569	1,824	1,667	1,364	541.61
Common Stock	1,526	15.01	15.01	15.01	14.81	14.7
Additional Paid-In Capital	-	252.03	246.95	246.95	235.49	229.48
Retained Earnings	-	1,281	1,099	778.97	524.73	330.66
Comprehensive Income & Other	-	90.82	35.23	57.56	25.24	-7.2
Shareholders' Equity	1,526	1,638	1,396	1,098	800.26	567.63
Total Liabilities & Equity	3,120	3,208	3,220	2,765	2,164	1,109
Total Debt	617	630.13	753.33	553	468.97	153.02
Net Cash (Debt)	-245	-218.95	-583.49	-465.35	-369.8	-85.28
Net Cash Per Share	-8.58	-7.60	-20.13	-16.06	-12.81	-2.99
Filing Date Shares Outstanding	28.48	28.98	28.98	28.98	28.58	28.37
Total Common Shares Outstanding	28.48	28.98	28.98	28.98	28.58	28.37
Working Capital	913	1,058	897.42	783.34	528	353.38
Book Value Per Share	53.57	56.53	48.17	37.90	28.00	20.01
Tangible Book Value	1,203	1,312	1,085	898.22	623.88	441.34
Tangible Book Value Per Share	42.23	45.25	37.44	30.99	21.83	15.56
Buildings	-	155.03	77.43	32.29	26.93	24.93
Machinery	-	655.93	589.74	444.52	389.78	329.46

Updated Jan 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.