v3.26.1
Income tax
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Income tax

Note 14. Income tax

 

               
   

For the
year ended

December 31,

  
(SEK in thousands)   2025     2024  
Current tax expense                
Tax expense for the year     (4,604 )     (1,053 )
Total current tax expense     (4,604 )     (1,053 )
                 
Deferred tax income                
Deferred tax relating to temporary differences     5,639       (4,278 )
Total deferred tax income     5,639       (4,278 )
Total income tax expense     1,034       (5,331 )

 

The current tax rate is 20.6% (2024: 20.6%) and the effective income tax rate is 0.1% (2024: -0.6%).

 

Taxation for other jurisdictions is calculated at the applicable tax rate in each jurisdiction.

 

               
   

For the
year ended

December 31,

  
(SEK in thousands)   2025     2024  
Reconciliation of income tax expense                
Loss before tax     (1,722,710 )     (962,280 )
Swedish tax rate of 20.6%     354,878       198,600  
Tax effect of non-deductible expenses     (1,363 )     (63,211 )
Tax effect of non-taxable income     39,143       23,130  
Movement in unrecognized deferred tax assets     (161,547 )     -  
Tax effect of adjustments related to previous periods     (243 )     -  
Tax effect of changes in deferred tax liabilities     5,639       -  
Tax effect of loss carry forwards not recognized as deferred tax     (234,230 )     (163,720 )
Effect of different tax rates for subsidiaries in other jurisdiction     (1,243 )     (130 )
Total income tax expense     1,034       (5,331 )

 

The Group has cumulative tax losses of SEK 4,846 million (2024: SEK 3,714 million) as of December 31, 2025, which are primarily attributable to the Swedish jurisdiction and carry an indefinite term for their use. The tax losses carried forward and temporary differences in the Group for which tax assets are not recognized in the balance sheet amount to SEK 234 million in 2025 (2024: SEK 164 million) and SEK 162 million in 2025 (2024: nil), respectively. Deferred tax assets have not been recognized in respect of these tax losses carried forward and temporary differences as it is not been considered probable that sufficient future taxable profit will be available against which entities within the Group can realize the benefits.

 

There is no material uncertain tax position as of December 31, 2025 (2024: none).