CALCULATION OF FINANCIAL MEASURES THAT ARE NOT FOUND IN THE IFRS STANDARDS
As of the second quarter of 2025, alternative performance measures are presented in RaySearch Laboratories’ interim reports.
| AMOUNTS IN SEK | Full-year | |||||
| Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | 2024 | |
| Operating costs | ||||||
| Sales costs | -89 199 | -91 447 | -80 617 | -84 908 | -69 613 | -326 585 |
| Administration costs | -67 737 | -72 231 | -53 656 | -61 822 | -61 876 | -249 585 |
| Research- and development costs | -58 826 | -71 292 | -68 520 | -68 391 | -61 181 | -269 384 |
| Operating costs | -215 762 | -234 970 | -202 793 | -215 121 | -192 670 | -845 554 |
| AMOUNTS IN SEK | Full-year | |||||
| Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | 2024 | |
| EBITDA | ||||||
| Operating profit | 74 826 | 73 579 | 61 825 | 79 321 | 45 768 | 260 493 |
| Depreciation | 70 235 | 78 896 | 72 965 | 74 462 | 73 060 | 299 374 |
| EBITDA | 145 061 | 152 475 | 134 781 | 153 783 | 118 828 | 559 867 |
| AMOUNTS IN SEK | Full-year | |||||
| Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | 2024 | |
| Operating profit adjusted for currency translation effects | ||||||
| Operating profit | 74 826 | 73 579 | 61 825 | 79 321 | 45 768 | 260 493 |
| Exchange rate income | -1 903 | -15 045 | -3 598 | -7 821 | -12 070 | -38 534 |
| Exchange rate costs | 22 039 | 6 255 | 5 896 | 9 085 | 8 306 | 29 542 |
| Operating profit adjusted for currency translation effects | 94 962 | 64 789 | 64 123 | 80 585 | 42 004 | 251 501 |
| PERCENTAGE | Full-year | |||||
| Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | 2024 | |
| Change in turnover at unchanged currencies (organic growth) | ||||||
| Net sales | 331 698 | 322 665 | 293 303 | 318 865 | 257 196 | 1 192 029 |
| Currency adjustment | -8 681 | 2 521 | 3 518 | -3 179 | -2 605 | -1 149 |
| Adjusted net sales | 323 017 | 325 186 | 296 812 | 315 686 | 254 591 | 1 190 880 |
| Net sales previous year | 257196 | 299 640 | 252 883 | 239 467 | 230 169 | 1 022 159 |
| Change in turnover at unchanged currencies (organic growth) | 25,6% | 8,5% | 17,4% | 31,8% | 10,6% | 16,5% |
| AMOUNTS IN SEK | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Working capital | ||||||
| Accounts receivable (short-term invoiced receivables from customers) | 209 812 | 254 614 | 223 031 | 228 788 | 250 398 | 254 614 |
| Short-term uninvoiced receivables from customers | 226 232 | 190 164 | 187 060 | 164 687 | 140 802 | 190 164 |
| Long-term uninvoiced receivables from customers | 19 136 | 20 948 | 21 846 | 21 662 | 22 658 | 20 948 |
| Inventory | 10 664 | 10 620 | 18 097 | 21 100 | 14 518 | 10 620 |
| Other short-term receivables (excl. tax) | 101 456 | 61 203 | 52 333 | 54 365 | 48 619 | 61 203 |
| Accounts payables | -20 432 | -38 757 | -28 165 | -43 027 | -38 307 | -38 757 |
| Other short-term liabilities (excl. tax) | -584 125 | -545 824 | -565 278 | -625 449 | -607 769 | -545 824 |
| Working capital | -37 257 | -47 032 | -91 076 | -177 874 | -169 081 | -47 032 |
| PERCENTAGE | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Return on equity | ||||||
| Profit/loss for the period | 56 807 | 59 996 | 45 388 | 98 129 | 36 698 | 203 513 |
| Average equity | 899 341 | 805 970 | 772 944 | 751 789 | 755 889 | 805 970 |
| Return on equity | 6,3% | 7,4% | 5,9% | 13,1% | 4,9% | 25,3% |
| PERCENTAGE | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Equity/assets ratio | ||||||
| Equity at the end of the period | 921 974 | 876 707 | 810 656 | 768 345 | 776 546 | 876 707 |
| Total assets | 2 058 704 | 2 091 183 | 2 015 497 | 2 061 621 | 2 064 202 | 2 091 183 |
| Equity/assets ratio | 44,8% | 41,9% | 40,2% | 37,3% | 37,6% | 41,9% |
| AMOUNTS IN SEK | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Net cash (-) / Net debt (+) | ||||||
| Short-term lease liabilities | 76 424 | 77 079 | 81 983 | 83 321 | 95 344 | 77 079 |
| Short-term interest-bearing liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-term lease liabilities | 373 013 | 394 855 | 395 404 | 415 642 | 430 196 | 394 855 |
| Other long-term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Liquid funds | -503 376 | -462 740 | -425 027 | -435 198 | -440 131 | -462 740 |
| Net cash (-) / Net debt (+) | -53 939 | 9 194 | 52 360 | 63 765 | 85 409 | 9 194 |
| PERCENTAGE | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Debt ratio | ||||||
| Net cash (-) / Net debt (+) | -53 939 | 9 194 | 52 360 | 63 765 | 85 409 | 9 194 |
| Equity | 921 974 | 876 707 | 810 656 | 768 345 | 776 546 | 876 707 |
| Debt ratio | -0,06 | 0,01 | 0,06 | 0,08 | 0.11 | 0,01 |
| AMOUNTS IN SEK | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Capital employed | ||||||
| Balance statement | 2 058 704 | 2 091 183 | 2 015 497 | 2 061 621 | 2 064 202 | 2 091 183 |
| Short-term, non-interest-bearing liabilities | -567 198 | -626 740 | -617 752 | -680 984 | -650 548 | -626 740 |
| Deferred tax liability | -119 217 | -114 923 | -108 823 | -112 452 | -110 688 | -114 923 |
| Capital employed | 1 372 289 | 1 349 520 | 1 288 922 | 1 268 185 | 1 302 966 | 1 349 520 |
| PERCENTAGE | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2024-12-31 |
| Return on capital employed, % | ||||||
| Operating profit | 74 826 | 73 579 | 61 825 | 79 321 | 45 768 | 260 493 |
| Financial income | 1 636 | 8 974 | 6 831 | 4 124 | 2 086 | 11 418 |
| Average capital employed | 1 360 905 | 1 538 064 | 1 507 065 | 1 266 827 | 1 284 217 | 1 307 494 |
| Return on capital employed, % | 5,6% | 5,4% | 4,6% | 6,6% | 3,7% | 20,8% |