New Wave Group Annual Report 2025 2025 | Page 132

NWG // FINANCIAL INFORMATION // THE GROUP

Translation exposure

The Group accounts are also affected by translating the results and net assets of foreign Group companies into SEK. A change of 1 % of the currency exchange rates would impact sales by SEK 80 million( 76), calculated on the sales for 2025 where USD and EUR impact the most with SEK 21 million( 22) and SEK 31 million( 27) each. Such an effect on the exchange rates would impact closing equity by SEK 63 million( 64). The below table displays a sensitivity analysis regarding sales based on the preceding year ' s currency exchange rates, where a translation of this year ' s net sales to the exchange rates of the preceding year would have affected net sales by SEK-413 million( 14).

Liquidity risk

Due to the relatively capital-intensive nature of its activities and its expansive growth strategy, New Wave Group has a need to secure its funding. For a growth group like New Wave Group it is essential to ensure that sufficient liquidity is available to fund future expansion and that there is a high degree of flexibility when acquisition opportunities occur. It is also important that a sound balance between equity and financing through debt is kept, which is why New Wave Group’ s goal is to achieve an equity ratio in excess of 40 %. New Wave Group has a centralized finance function, which means that external borrowing is managed and administered centrally as far as possible. The liquidity generated in the Group is continuously transferred to New Wave Group’ s treasury center through various pooling systems and reduces the total credit volume. New Wave Group has not made any financial investments.

At the end of December, the Group entered into a new financing agreement with a total approved credit facility of SEK 3,802 million( 2,670) as of 31 December 2025. Of this credit facility, SEK 77 million matures in August 2027, SEK 2,700 million matures in December 2028, SEK 125 million has a term extending until December 2030 as well as SEK 600 million has a term extending until December 2032. The remaining SEK 300 million has a maturity ranging from three months to four years. The credit line is limited in amount to and dependent on the value of certain underlying assets. The financing agreement means that key figures( covenants) must be met in order to maintain the credit line. The group’ s key figures( covenants) were fulfilled as of December 31, 2025. Based on the current forecast, management deems that the Group will be able to meet these key ratios by a satisfactory margin going forward.

The tables below display the maturity analysis of the amortization of interest-bearing liabilities including contractual and undiscounted interest payments. Any planned future liabilities have not been included. Interest payments related to financial instruments with floating rate have been calculated based on the interest rate at year-end.

SEK million Maturity analysis of New Wave Group ' s loans( excl. lease liabilities)

The table below displays the maturity for the Group ' s outstanding currency futures och unrealized amounts per year-end, distributed per currency. All contracts mature within twelve months from year-end.

2025 2024

SEK million Maturity analysis of New Wave Group ' s lease liabilities

2025 2024

2027 203 124

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132 // ANNUAL REPORT