v3.26.1
Condensed Consolidated Statements of Cash Flow
kr in Thousands, kr in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2026
SEK (kr)
Jun. 30, 2025
SEK (kr)
Dec. 31, 2025
SEK (kr)
Dec. 31, 2024
SEK (kr)
Cash flow from operating activities        
Loss before income tax kr (1,120,692) kr (888,048) kr (1,722,710) kr (962,280)
Adjustments for non-cash items 487,705 645,328 1,050,391 332,894
Interest received 247 127 5,080 21,777
Interest paid (42,631) (67,502) (109,432) (64,533)
Income tax paid (4,487) (4,628) (7,081) (3,020)
Net changes in working capital 143,146 29,559 42,041 285,549
Net cash used in operating activities (536,712) (285,164) (741,711) (389,612)
Cash flow from investing activities        
Purchase of property, plant and equipment (49,413) (77,431) (164,581) (165,312)
Investments in interest in related company (7,500) (6,525)
Investments in short-term deposits     (1,218) (738)
Proceeds from sale of property, plant and equipment 7,983 31,417 22,700 57,493
Proceeds from sale of non-current asset, design business 33,254    
Net (placement in)/disposal of non-current deposits (575) 10,777    
Net cash used in investing activities (16,251) (35,237) (143,099) (115,082)
Cash flow from financing activities        
Proceeds from reverse recapitalization, net 8,579    
Proceeds from issue of ordinary shares and warrants 1,060,717 [1] 107,040 [1] 774,042 309,456
Proceeds from loans and borrowings     16,743 6,650
Proceeds from issue of convertible debentures 246,913 246,912 319,887
Transaction costs related to the issue of shares (6,012)    
Change in factoring facility 35,313 72,628 205,236 166,216
Repayment of loans and borrowings (3,971) (320,000)
Repayment of lease liabilities (74,008) (64,520) (137,218) (121,975)
Cash paid due to settlements of derivative financial instruments     (10,914) (3,787)
Net cash flow provided by financing activities 1,020,618 362,061 1,094,800 356,447
Net cash flow for the period 467,655 41,660 209,991 (148,247)
Cash at the beginning of the period 278,825 74,165 74,165 221,048
Exchange rate differences in cash 1,121 (3,025) (5,330) 1,364
Cash at the end of the period kr 747,601 kr 112,800 kr 278,825 kr 74,165
[1] Proceeds from the PIPE Financing are translated at the exchange rates prevailing on the dates the payments were received, whereas the gross proceeds of SEK 1,067,671 thousand disclosed in Note 16 are translated at the exchange rate on the Closing Date, June 9, 2026; the difference is SEK 6,916 thousand. The remaining difference relates to repurchase of employee warrants.