Other currencies

“We succeeded to substantially increase our sales, but the generated EBITDA of -0.2 M€ shows that the price pressure from low-cost imports (India, Kazakhstan, Russia and China) weighed heavily on our margins.”

Annual report 2025A · The company itself

“The majority of our sales are denominated in foreign currencies as they are derived outside the United States. Therefore, financial results will be affected by changes in foreign currency rates.”

Annual report 2025A · The company itself

“Currency was flat versus the prior year.”

Annual report 2025A · The company itself

“Table of Contents DISCUSSION OF RESULTS BY BUSINESS SEGMENT Americas GAAP Measures Sales $5,125.9 $5,040.1 $85.8 2% Operating income 1,519.6 1,565.1 (45.5) (3%) Operating margin 29.6 % 31.1 % (150 bp) Equity affiliates’ income $157.0 $158.8 ($1.8) (1%) Non-GAAP Measure Adjusted EBITDA 2,408.7 2,423.2 (14.5) (1%) The table below summarizes the major factors that impacted sales in the Americas segment for the periods presented: Volume (3 %) Price 2 % Energy cost pass-through to customers 4 % Currency (1 %) Total Americas Sales Change 2 % Sales of $5.1 billion increased 2%, or $85.8, as higher energy cost pass-through to customers of 4% and higher pricing of 2% were partially offset by lower volumes of 3% and an unfavorable currency impact of 1%.”

Annual report 2025A · The company itself

“The 1% volume growth was supported by higher on-site activity, partially offset by lower helium demand.”

Annual report 2025A · The company itself

“Our international revenue, as well as costs and expenses denominated in foreign currencies, expose us to the risk of fluctuations in foreign currency exchange rates against the U.S. dollar. Accordingly, we are subject to foreign currency risk, which may adversely impact our financial results.”

Annual report 2025A · The company itself

“Foreign Currency Exchange Risk We offer the ability to transact on our platform in approximately 50 currencies, of which the most significant foreign currencies to our operations in 2025 were the Euro, British pound, Canadian dollar, Australian dollar, Brazilian real, and Mexican peso.”

Annual report 2025A · The company itself

“Currency exchange rate fluctuations have had, and may continue to have, an adverse effect on our business, financial condition, results of operations and cash flows. We are exposed to a variety of market risks, including the effects of changes in currency exchange rates.”

Annual report 2025A · The company itself

“We Have Foreign Exchange Risk The results of operations of, and certain of our intercompany balances associated with, our international stores and product and service offerings are exposed to foreign exchange rate fluctuations. Due to these fluctuations, operating results may differ materially from expectations, and we may record significant gains or losses on the remeasurement of intercompany balances.”

Annual report 2025A · The company itself

“Approximately 51% of Ambu’s total revenue is invoiced in USD. Furthermore, approximately 31% of revenue is invoiced in EUR or DKK, and approximately 8% is invoiced in GBP, while the remaining 10% is invoiced in other currencies. Production and capacity costs are predominantly settled in USD, DKK, EUR, MYR, and CNY.”

Annual report 2025A · The company itself

“Inflation has also contributed to foreign currency exchange rate volatility, including in several of the markets where we operate. Inflation impacts could also create foreign exchange rate instability in our international markets, including in markets such as Africa and Latin America, that could, in turn, depress the value of that market’s currency, thereby adversely impacting our business, results of operations, financial condition or the underlying value of foreign subsidiaries.”

Annual report 2025A · The company itself

“Risks Related to Laws and Regulations Our foreign operations are subject to economic, political and other risks that could materially and adversely affect our revenues or financial position, including risks associated with fluctuations in foreign currency exchange rates.”

Annual report 2025A · The company itself

“The Company conducts business in many foreign currencies through its worldwide operations, and as a result, is subject to foreign exchange exposure due to changes in exchange rates of the various currencies, including possible currency devaluations. Changes in exchange rates can positively or negatively affect the Company’s sales, operating margins and equity.”

Annual report 2025A · The company itself

“I Arla Plast uppstår valutarisk framför allt av gränsöverskridande handel, där prissättning och fakturering sker i EUR. Känslighet i resultatet avseende förändringar i valutakurser uppstår därför i EUR.”

Annual report 2024A · The company itself

“We generate a meaningful portion of our net sales and profit outside the U.S. and currency exchange rates have been especially volatile in recent years. As a result, currency fluctuations have affected, and may continue to affect, the reported value of our assets and liabilities, as well as our cash flows and results of operations.”

Annual report 2025A · The company itself

“Additionally, adverse changes in foreign currency exchange rates have increased, and could continue to increase, our costs of sourcing certain raw materials in some jurisdictions.”

Annual report 2025A · The company itself

“Koncernens största valutaexponering är mot USD samt EUR där USD påverkar varukostnaden medan EUR primärt påverkar omsättningen samt omkostnader.”

Annual report 2024A · The company itself

“Under året har realiserade och orealiserade kursdifferenser påverkat rörelseresultatet negativt med - 2 888 TSEK ( 2 100).”

Annual report 2024A · The company itself

“Financial risks Borregaard is financially exposed to currency risk for most of its sales, primarily in USD and EUR. A substantial part of this exposure, defined as estimated net cash flow in USD and EUR, is routinely hedged with a nine-month time horizon.”

Annual report 2024A · The company itself

“The weakening of the Norwegian currency has had a notable impact on Borregaard's financial results. While it has made our exports more competitive, it has also increased the cost of imported raw materials and other inputs.”

Annual report 2024A · The company itself

“As a result of our international operations, we are also exposed to currency exchange rate fluctuations. Changes in exchange rates between the U.S. dollar and other foreign currencies, particularly the Brazilian real, Canadian dollar, the euro, and Chinese yuan/renminbi affect our revenues and expenses that are denominated in local currencies, affect farm economics in those regions and may also have a negative impact on the value of our assets located outside of the United States.”

Annual report 2025A · The company itself

“As a result, changes in local and regional economic conditions, including fluctuating exchange rates, may adversely affect demand for our products and the profits generated by our non-U.S. operations because a significant portion of our sales and expenses are denominated in currencies other than U.S. dollars.”

Annual report 2025A · The company itself

“Finansiella risker Som en global aktör påverkas CellaVision av valutakursförändringar, främst i USD och EUR. En starkare dollar eller euro gynnar omsättning och resultat, medan en försvagning har motsatt effekt.”

Annual report 2024A · The company itself

“Koncernen verkar internationellt och utsätts för valutarisker från olika valutaexponeringar, framförallt avseende dollar och euro. Koncernens inköp sker i huvudsak i svenska kronor och i euro. Försäljningen sker till övervägande del i dollar och euro.”

Annual report 2024A · The company itself

“Our business is exposed to domestic and foreign currency fluctuations. We are exposed to foreign currency exchange rate risk (both transaction and translation) with respect to our sales, profits, assets and liabilities denominated in currencies other than the U.S.”

Annual report 2025A · The company itself

“a substantial part of our production, and thus of our costs, are in Hungary, whereas our sales in the market are limited”

Annual report 2025A · The company itself

“Our financial guidance for the 2025/26 financial year has been prepared on the basis of the following assumptions for the company’s principal currencies: Overview of exchange rates for key currencies against DKK GBP USD HUF Average exchange rate 2023/24 872 688 1.92 Average exchange rate 2024/25 882 676 1.85 Change in average exchange rates for 2024/25 versus 2023/24 1 % -2 % -4 % Spot rate on 31 October 2025 849 646 1.92 Change in spot rates compared with average exchange rate 2024/25 -4 % -4 % 4 % Revenue is particularly exposed to developments in USD and GBP relative to DKK.”

Annual report 2025A · The company itself

“Fluctuations in HUF against DKK impact the operating profit because a substantial part of our production, and thus of our costs, are in Hungary, whereas our sales in the market are limited.”

Annual report 2025A · The company itself

“Effect over 12 months of a 10% initial drop in exchange rates for key currencies (DKK million) Revenue EBIT USD -740 -290 GBP -400 -240 HUF – 160 Management’s Report | Highlights | 2025/26 Outlook and financial guidance Impact4 Financial ambition 7-8 % organic growth (5-year CAGR) in line with or above revenue growth EBIT growth over the period In constant exchange rates, before special items more than 20 % Return on Invested Capital in 2029/30 After tax, before special items.”

Annual report 2025A · The company itself

“The EBIT margin also included a small negative impact from currencies, related to the depreciation of the USD and a basket of Emerging markets currencies against the DKK, offset by the depreciation of the HUF against the DKK.”

Annual report 2025A · The company itself

“Under 2024 utgjorde fakturering i EUR cirka 62 procent (61) av den totala faktureringen, fakturering i USD cirka 24 procent (26) och fakturering i JPY 13 procent (13).”

Annual report 2024A · The company itself

“Eftersom all försäljning faktureras i utländska valutor, medan merparten av kostnaderna är i SEK, är bolaget känsligt för valutakursförändringar.”

Annual report 2024A · The company itself

“We also offer hedging and risk management services to customers, which helps them manage foreign exchange rate exposures in the course of doing business internationally.”

Annual report 2025A · The company itself

“Cross-Border Payments – Our cross-border solution is used by our customers to pay international vendors, foreign office and personnel expenses and for profit repatriation and dividends via foreign current transactions structured with foreign currency spot trades, forward contracts and option contracts.”

Annual report 2025A · The company itself

“In addition, we earn revenue in our cross-border solution from exchanges of currency at spot rates, which enable customers to make cross-currency payments. The cross-border solution also writes foreign currency derivative contracts for our customers.”

Annual report 2025A · The company itself

“Although most of our sales and inventory purchases are denominated in US dollars, our global operations in the international markets where our products are sold and manufactured expose us to risk of foreign currency exchange rate fluctuations between the US dollar and primarily the currencies of Europe, Asia, Canada, and Latin America.”

Annual report 2026A · The company itself

“Accordingly, significant changes in currency exchange rates, particularly the euro, Chinese renminbi (yuan), Swedish krona, pound sterling, Indian rupee, Singapore dollar, Swiss franc, and Canadian dollar, could cause fluctuations in the reported results of our businesses' operations that could negatively affect our results of operations.”

Annual report 2025A · The company itself

“The Company’s international operations expose it to fluctuations in foreign currencies relative to the U.S. dollar, which could adversely affect the Company’s results of operations. As of the year ended December 31, 2025, the Company’s largest currency exposures are the European euro, Chinese renminbi, Japanese yen, Canadian dollar and Indian rupee.”

Annual report 2025A · The company itself

“Försäljningen i euro svarade för 1 134 mkr (1 212) vilket utgjorde 50,2 procent (49,1) av den totala försäljningen.”

Annual report 2024A · The company itself

“Risks related to F-Secure´s financial position and financing The number of operations and locations outside the eurozone in different currencies exposes F-Secure to a risk related to currency fluctuations. Changes in the exchange rates between currencies could have an adverse effect on F-Secure’s revenue, results and financial position. F-Secure is exposed to transaction risks caused by purchasing and selling products and goods in currencies that are not F-Secure’s home currencies, in particular the US dollar.”

Annual report 2025A · The company itself

“As a result, we are exposed to movements in the exchange rates of various currencies against the USD.”

Annual report 2025A · The company itself

“Translaatioriski syntyy pääosin valuuttaparista EUR/Ruotsin kruunu (SEK), joka muodostuu Fortumin laajasta liiketoiminnasta Ruotsissa.”

Annual report 2025A · The company itself

“Ruotsin kruunun, Puolan zlotyn ja Norjan kruunun kurssivaihtelut suhteessa euroon voivat vaikuttaa kielteisesti tulevaisuuden tulokseen ja omaan pääomaan yhdisteltäessä ulkomaisten tytär- ja osakkuusyhtiöiden tulosta ja nettosijoituksia konsernin euromääräiseen tilinpäätökseen.”

Annual report 2025A · The company itself

“The currencies that have historically created a majority of the Company’s exchange rate exposure include the Taiwan Dollar, Euro, and Polish Zloty. Garmin Corporation, headquartered in Xizhi, Taiwan, uses the local currency as the functional currency.”

Annual report 2025A · The company itself

“Non-U.S. transactions can involve increased risks arising from foreign exchange rate variability, which could, among other things, negatively impact sales and the translation of our international revenue from local currencies into U.S. dollars, and differing legal systems.”

Annual report 2025A · The company itself

“Fluctuations in foreign currency exchange rates have adversely affected and could continue to adversely affect our operating results. Because the functional currency of most of our foreign operations is the applicable local currency, but our financial reporting currency is the U.S. dollar, we are required to translate the assets, liabilities, expenses, and revenues of our foreign operations into U.S. dollars at the applicable exchange rate in preparing our Consolidated Financial Statements. Accordingly, we face foreign currency exchange rate risk arising from transactions in the normal course of business, such as sales and loans to wholly owned subsidiaries, sales to third-party customers, purchases from suppliers, and bank lines of credit with creditors denominated in foreign currencies.”

Annual report 2025A · The company itself

“Table of Contents Foreign Currency We incur translation gains or losses resulting from the translation of an operating unit’s foreign functional currency into U.S. dollars for consolidated financial statement purposes. For the periods presented, our principal foreign currency exchange exposures are the Euro, the primary functional currency of our European operations; the Canadian dollar, the functional currency of our Canadian operations; and the Australian dollar, the primary functional currency of our Australasian operations.”

Annual report 2025A · The company itself

“During 2025 and 2024, it was estimated that a 10% shift in exchange rates between those foreign functional currencies and the U.S. dollar would have impacted translated net sales by approximately $867 million and $829 million, respectively.”

Annual report 2025A · The company itself

“Foreign Exchange Forward Contracts A portion of our bookings, revenue and operating expenses is denominated in foreign currencies, which are subject to exchange rate fluctuations. Our most significant foreign currency exposures are the British pound, the Canadian dollar and the Euro. Our reported bookings, revenues and operating results may be impacted by fluctuations in foreign currency exchange rates.”

Annual report 2025A · The company itself

“Salget av norske papirbøker er fallende, samtidig ser vi et økt salg av engelske bøker fra våre butikker.”

Annual report 2024A · The company itself

“Utviklingen forklares i stor grad av nedgang i salget av papirbøker til skolene i etterkant av fagfornyelsen. I tillegg har salget av norske akademiske papirbøker i flere år hatt en fallende trend som følge av endrede læringsformer på universiteter og høgskoler. Utdanningsinstitusjonene bruker i økende grad engelske bøker i undervisningen og pensum settes sammen fra ulike kilder av artikler og kompendier fremfor enkeltbøker.”

Annual report 2024A · The company itself

“De valutor som har störst inverkan på Hexagons resultat och nettotillgångar är CHF, CNY och USD. Valutarisk är risken att fluktuationer i valutakurser har en ofördelaktig inverkan på resultaträkning, balansräkning och/eller kassaflöde. Försäljning samt inköp av varor och tjänster i andra valutor än dotterföretags funktionella valuta leder till transaktionsexponering.”

Annual report 2024A · The company itself

“Hofseth BioCare conducts transactions in multiple currencies, primarily US dollars and Euros. Exchange rate fluctuations inherently affect both the cost of raw materials and the pricing of products sold internationally.”

Annual report 2024A · The company itself

“På samma sätt har vi, som svenskt institut med SEK som huvudvaluta, valutarisker då vi även håller tillgångar i EUR, GBP och PLN. Vi söker att i så hög utsträckning som möjligt undvika valutarisker genom att resa finansiering i flera valutor (förutom SEK har vi även inlåning i EUR, GBP och PLN). Den valutakursexponering vi trots allt har säkrar vi genom FX-derivat.”

Annual report 2024A · The company itself

“Hoist Finance är exponerad mot valutakursrisk eftersom koncernen löpande köper kreditportföljer i bland annat EUR, PLN och GBP medan rapporteringsvalutan är SEK och en stor del av koncernens skulder är i SEK. Koncernen är också exponerad mot ränterisk då bolaget lånar in via kapitalmarknaderna där obligationsräntor emellanåt kan fluktuera stort.”

Annual report 2024A · The company itself

“In addition, currency fluctuations, particularly weakness in the Japanese Yen, has and may continue to exacerbate pricing competition for our print products and services.”

Annual report 2025A · The company itself

“Because most of our revenues are generated outside the United States, fluctuations in currency exchange rates have adversely affected, and could in the future adversely affect, our net revenue growth.”

Annual report 2025A · The company itself

“Nedan beskrivs de primära risker som bedöms vara relevanta för koncernen. a) Marknadsrisk Valutarisk Koncernen verkar internationellt och utsätts för valutarisker som uppstår från olika valutaexponeringar, framförallt avseende valutorna EUR, GBP och USD. Valutarisk uppstår framför allt från omräkning av utländska dotterbolags resultatoch balansräkning till koncernens rapportvaluta som är SEK (omräkningsexponering).”

Annual report 2024A · The company itself

“Husqvarna Group säljer sina produkter i mer än 100 länder, har produktion i ett tiotal länder samt köper dessutom in råma - terial och komponenter från ett flertal länder över hela världen, och är därmed exponerad för valutakursförändringar.”

Annual report 2024A · The company itself

“The Company Is Exposed to Currency and Financing Risks That Could Impact Its Revenue and Business: The company derives a significant percentage of its revenues and costs from its affiliates operating in local currency environments, and those results are affected by changes in the relative values of non-U.S. currencies and the U.S. dollar, as well as sudden shifts in regional or global economic activity.”

Annual report 2025A · The company itself

“Nettoinvestering i utländska dotterbolag 2024 2023 Koncernen lokal lokal Nettoexponering i miljoner valuta SEK valuta SEK EUR 785 9 015 697 7 735 DKK 1 961 3 019 1 433 2 133 GBP 207 2 865 166 2 117 CHF 90 1 094 79 949 NOK 1 076 1 043 816 806 Summa 17 036 13 740 Indutrade uppskattar att bolagets omräkningsexponering medför att 1 procents förändring av värdet på den svenska kronan gentemot andra valutor resulterar i en årlig positiv/negativ effekt (vid försvagning/förstärkning av den svenska kronan) motsvarande cirka 248 (244) mkr på nettoomsättningen samt cirka 19 (20) mkr på resultatet efter skatt.”

Annual report 2024A · The company itself

“Valutarisker Valutarisk utgör risken för att valutakursförändringar negativt påverkar koncernens resultaträkning, balansräkning och/eller kassaflöden. De viktigaste valutorna för Intrumkoncernen, utöver svenska kronor (SEK), är euro (EUR), schweiziska francs (CHF), brittiska pund (GBP), ungerska forint (HUF), och norska kroner (NOK).”

Annual report 2024A · The company itself

“currency and other effects were negative 3.9%, including the negative impact of hyperinflation in Türkiye”

Annual report 2025A · The company itself

“In addition, as a result of our global presence, a significant portion of our revenues and expenses is denominated in currencies other than the U.S. dollar. We are therefore subject to non-U.S. currency risks and non-U.S. exchange exposure.”

Annual report 2025A · The company itself

“We hold assets, incur liabilities, earn revenue, and pay expenses in a variety of currencies other than the U.S. dollar, primarily the Canadian dollar, euro, British pound sterling, Australian dollar, Brazilian real, Chinese renminbi, Russian ruble, Indonesian rupiah, and New Zealand dollar.”

Annual report 2025A · The company itself

“Slowdown in economic growth or changes of China’s current policies on travel and currency movements have disrupted, and if such slowdown is continued and prolonged could further disrupt, the number of visitors from mainland China to our Integrated Resorts as well as the amounts they are willing and able to spend while at our properties.”

Annual report 2025A · The company itself

“Although currently permitted, we cannot assure you patacas and HKDs will continue to be freely exchangeable into U.S. dollars. Also, our ability to convert large amounts of patacas and HKDs into U.S. dollars over a relatively short period may be limited.”

Annual report 2025A · The company itself

“Years ended December 31, 2025 2024 Increase/(Decrease) Increase/(Decrease) 2025 2024 2023 As reported Currency-neutral As reported Currency-neutral ($ in millions) Domestic assessments $ 11,029 $ 10,245 $ 9,566 8% 8% 7% 9% Cross-border assessments 12,021 10,181 8,409 18% 17% 21% 22% Transaction processing assessments 15,930 13,602 12,067 17% 16% 13% 14% Other network assessments 1,018 936 963 9% 8% (3)% (3)% Foreign Currency Currency Impact Our primary functional currencies are the U.S. dollar, euro, British pound and the Brazilian real. Our overall operating results are impacted by currency translation, which represents the effect of translating operating results where the functional currency is different than our U.S. dollar reporting currency.”

Annual report 2025A · The company itself

“Förändringen förklaras främst av utspädningseffekt från förvärvet av Elit Polska. Tidigare genomförda prisjusteringar har kompenserat för ökade inköpskostnader till följd av en ofördelaktig växelkurs mot EUR under perioden, vilket påverkade bruttomarginalen positivt.”

Annual report 2024A · The company itself

“Valutakurseffekter påverkade nettoomsättningen svagt negativt. Den organiska tillväxten var 3 procent.”

Annual report 2024A · The company itself

“Valutakurseffekter påverkade nettoomsättningen svagt negativt. Den organiska tillväxten var 2 procent.”

Annual report 2024A · The company itself

“Valutakurseffekter påverkade nettoomsättningen negativt med 1 procent. Den organiska tillväxten var 5 procent.”

Annual report 2024A · The company itself

“Förändring, % Påverkan, MSEK 1) Försäljningsvolym +1 78 (73) Förändring av valutakurs NOK +10 70 (55) EUR +10 -280 (-256) DKK +10 31 (22) USD +10 -26 (-25) Bruttomarginal +1 180 (168) Personalkostnader +1 -40 (-37) Ränta 2) +1 -15 (-15) 1) Allt annat lika, resultat före skatt för räkenskapsåret 2024.”

Annual report 2024A · The company itself

“Koncernens valutaexponering vid omräkning av tillgångar och skulder i utländsk valuta (exklusive omräkning av utländska dotterbolag samt nettoinvesteringar i utlandsverksamhet) är per balansdagen framförallt mot EUR och NOK.”

Annual report 2024A · The company itself

“Table of Contents Market Risk FX risk: Moody’s maintains a presence in more than 40 countries. In 2025, approximately 39% of the Company’s revenue and approximately 38% of the Company's expenses were denominated in functional currencies other than the U.S. dollar, principally in the British pound and the euro.”

Annual report 2025A · The company itself

“Due to the global nature of our operations, we are exposed to currency exchange rate changes, which may cause fluctuations in earnings and cash flows. Our primary foreign currency exposures are the Canadian dollar and Brazilian real.”

Annual report 2025A · The company itself

“Financial Risks Our revenues, expenses, assets and liabilities are subject to foreign currency exchange rate fluctuation risk, which could have a material adverse effect on our business, financial condition or results of operations. We are subject to foreign currency exchange rate fluctuation risk. Exchange rate movements can impact the U.S. dollar reported value of our revenues, expenses, assets and liabilities denominated in non-U.S. dollar currencies or where the currency of such items is different than the functional currency of the entity where these items were recorded.”

Annual report 2025A · The company itself

“The Company is exposed to fluctuations in foreign currency exchange rates because it has significant operations in a number of foreign jurisdictions and certain of its operations are conducted in currencies other than the Company’s reporting currency, primarily the Australian dollar and the British pound sterling. Because the Company’s financial statements are denominated in U.S. dollars, changes in foreign currency exchange rates between the U.S. dollar and other currencies have had, and will continue to have, a currency translation impact on the Company’s earnings when the results of those operations that are reported in foreign currencies are translated into U.S. dollars for inclusion in the Company’s financial statements, which could, in turn, have an adverse effect on its reported results of operations in a given period or in specific markets.”

Annual report 2026A · The company itself

“The table below details the percentage of revenues and expenses by the three principal currencies for the fiscal years ended June 30, 2026 and 2025: U.S. Dollars Australian Dollars British Pound Sterling Fiscal year ended June 30, 2026 Revenues 50 % 28 % 17 % Operating and Selling, general and administrative expenses 52 % 23 % 18 % Fiscal year ended June 30, 2025 Revenues 50 % 27 % 17 % Operating and Selling, general and administrative expenses 52 % 23 % 18 % Based on the fiscal year ended June 30, 2026, a one cent change in each of the U.S. dollar/Australian dollar and the U.S. dollar/British pound sterling exchange rates would have impacted revenues by approximately $37 million and $11 million, respectively, for each currency on an annual basis, and would have impacted Total Segment EBITDA by approximately $12 million and $2 million, respectively, on an annual basis.”

Annual report 2026A · The company itself

“We are exposed to fluctuations in foreign currency exchange rates, particularly with respect to the euro, the yen, the pound sterling and the Chinese yuan. Any significant change in the value of the currencies of the countries in which we do business against the U.S. dollar could affect our ability to sell products competitively and control our cost structure, which could have a material adverse effect on our business, financial condition and results of operations.”

Annual report 2025A · The company itself

“Vedlegg Finansielle eksponeringer Hydros driftsresultat påvirkes hovedsakelig av prisutviklingen på våre viktigste produkter og råvarer, av marginutvikling og svingninger i selskapets viktigste valutaer som er amerikanske dollar, norske kroner, euro og brasilianske real.”

Annual report 2024A · The company itself

“Hydros nedstrømssegmenter har en tydeligere valutaprofil med en netto long-eksponering mot USD og EUR som gjenspeiler hovedvalutaene i markedene de opererer i.”

Annual report 2024A · The company itself

“We faced challenging weather, air traffic control congestions, inflationary pressure across cost items, a weakening local currency in especially the Norwegian and Swedish kroner, and other regulatory measures that put increased pressure on us and other European airlines.”

Annual report 2024A · The company itself

“Mot bakgrund av att en hög andel av förädlingsvärdet genereras i utländska fabriker, att fakturering sker i såväl svenska kronor som i utländsk valuta (främst EUR/USD) och att inköp av elektronikkomponenter och övrigt produktionsmaterial väsentligen sker i utländska valutor (EUR/USD) har NOTE en relativt omfattande valutahantering. Nettoexponeringen i utländska valutor säkras väsentligen dels genom bindande avtal där kunden står valutarisken, dels genom kassaflödessäkringar.”

Annual report 2024A · The company itself

“Changes in the value of the Swedish krona have an impact on Oriola’s net sales, earnings and consolidated statement of financial position.”

Annual report 2025A · The company itself

“Key currencies that carry an exchange rate risk for Orion are the US dollar, the Swedish krona and the Polish zloty.”

Annual report 2025A · The company itself

“We generate revenue from consumers from: foreign currency conversions, instant transfers from their PayPal or Venmo account to their bank account or debit card, and facilitating the purchase and sale of cryptocurrencies; interest, fees, or other revenue from our credit products; and other miscellaneous fees.”

Annual report 2025A · The company itself

“Our payments platform connects with financial services providers around the world and allows consumers to make purchases using a wide range of payment methods, regardless of where a merchant is located. Consumers who use our payments platform can send payments in approximately 200 markets around the world and in approximately 140 currencies, withdraw funds to their bank accounts in 57 currencies, and hold balances in their eligible PayPal accounts in 24 currencies.”

Annual report 2025A · The company itself

“FOREIGN EXCHANGE RISK We have significant operations internationally that are denominated in foreign currencies, primarily the British pound, Euro, Australian dollar, Canadian dollar, and Indian rupee, which subject us to foreign exchange risk and may adversely impact our financial results. We transact in various foreign currencies and have significant international revenues and expenses.”

Annual report 2025A · The company itself

“Epävakaa maailmantalous ja mahdollisesti kasvavat rahoituskulut voivat heikentää myös metsäkoneiden kysyntää, erityisesti kehittyvillä markkinoilla, joissa valuuttakurssivaihtelut ovat suuria.”

Annual report 2025A · The company itself

“Försäljning och kostnader i procent uppdelad per valuta SEK och EUR USD övriga valutor Försäljning 1 352,5 1 126,1 79,4 Kostnader 183,1 2 033,4 150,0 Pricers omsättning fördelades med 53 (53) procent i EUR, 44 (45) procent i USD och övriga valutor 3 (2) procent under 2024.”

Annual report 2024A · The company itself

“Finansiella risker Risk Beskrivning Hantering Valutor Förändringar i valutakurserna kan påverka resultatet, balansräkningen och kassaflödet negativt. Pricer har en valutarisk framförallt genom försäljning i EUR och USD samt inköp USD.”

Annual report 2024A · The company itself

“Our business is exposed to domestic and foreign currency fluctuations. Changes in exchange rates between the U.S. Dollar and other currencies impact our financial results from a transactional perspective, as our foreign operations generally purchase inventory in U.S.”

Annual report 2026A · The company itself

“Given that we source the vast majority of our products overseas, the cost of these products to our foreign operations may be affected by changes in the value of their respective local currencies. In addition, changes in exchange rates of non-U.S. Dollar currencies impact our financial results, as our operations incur certain other costs that are denominated in various other foreign currencies.”

Annual report 2026A · The company itself

“For example, in May 2025, an executive order directed the U.S. Department of Health and Human Services ("HHS") and other federal agencies to take certain steps intended to, among other things, reduce the prices of drugs sold in the United States to match the lowest price available for the same drugs in comparably developed nations (commonly referred to as "most-favored-nation" ("MFN") pricing).”

Annual report 2025A · The company itself

“Our primary foreign currency exposure relates to movements in the Japanese yen, euro, British pound sterling, Canadian dollar, Chinese yuan, and Australian dollar. If the U.S. dollar weakens against a specific foreign currency, assuming all other variables remained constant, our revenues will increase, having a positive impact on net income, but our overall expenses will increase, having a negative impact. Conversely, if the U.S. dollar strengthens against a specific foreign currency, assuming all other variables remained constant, our revenues will decrease, having a negative impact on net income, but our overall expenses will decrease, having a positive impact.”

Annual report 2025A · The company itself

“Although the majority of our net sales and cash generation have been made in the U.S., as our business in countries outside of the U.S. continues to increase, our exposure to foreign currency exchange risk related to our foreign sales and operations will increase. Fluctuations in the rate of exchange between the U.S. dollar and foreign currencies, primarily the Australian Dollar, Singapore Dollar, Euro, Chinese Yuan, and Canadian Dollar, have had and could in the future have an adverse effect on our financial results, including our net sales, margins, gains and losses, as well as on the values of our assets and liabilities.”

Annual report 2026A · The company itself

“Approximately 64.1% of the aggregate cost is exposed to fluctuations in the Euro exchange rate at December 31, 2025.”

Annual report 2025A · The company itself

“Approximately 64.1% and 43.4% of the aggregate cost of the ships under construction was exposed to fluctuations in the Euro exchange rate at December 31, 2025 and 2024, respectively. A hypothetical 10% strengthening of the Euro as of December 31, 2025, assuming no changes in comparative interest rates, would result in a $727 million increase in the United States dollar cost of the foreign currency denominated ship construction contracts exposed to fluctuations in the Euro exchange rate.”

Annual report 2025A · The company itself

“Because we manufacture our products overseas and sell a large portion of our products abroad, fluctuations in foreign currency exchange rates affect our revenue, cost of revenue, margins, operating costs and cash flows. If the U.S. dollar experiences sustained weakness against certain foreign currencies, the U.S. dollar equivalents of unhedged manufacturing costs could increase because a significant portion of our production costs are foreign-currency denominated. Conversely, there would not be an offsetting impact to revenues since revenues are substantially U.S. dollar denominated.”

Annual report 2026A · The company itself

“In addition, our purchases of flash-based memory from Flash Ventures and our investment in Flash Ventures are denominated in Japanese yen. If the Japanese yen appreciates against the U.S. dollar, our cost of purchasing flash-based memory wafers and the cost to us of future capital funding of Flash Ventures would increase.”

Annual report 2026A · The company itself

“Senzime verkar internationellt och en stor del av försäljningen sker i andra valutor än svenska kronor, framför allt i EUR och USD. Om en kund inte betalar eller valutakurserna utvecklas negativt för Senzimes del kan detta påverka den finansiella ställningen och resultatet negativt.”

Annual report 2024A · The company itself

“SP Group har væsentlige aktiviteter uden for Danmark og er særligt eksponeret mod PLN og USD.”

Annual report 2025A · The company itself

“The Company’s predominant currency exposures are related to the Euro, Canadian Dollar, British Pound, Australian Dollar, Brazilian Real, Chinese Renminbi (“RMB”) and the Taiwan Dollar.”

Annual report 2026A · The company itself

“The weak performance in 2024 is primarily due to the challenging macro environment which began to deteriorate in the second half of 2023. Higher interest rates and weakening currencies in the Nordics required retailers to meet higher return targets for their investments while also facing rising costs for new products. Understandably, this resulted in delayed and reduced new product investments by our customers.”

Annual report 2024A · The company itself

“Intian rupian valuuttakurssimuutoksilla on myös olennaista vaikutusta konsernin tulokseen Intiassa olevan suuren henkilöstömäärän ja muiden rupiamääräisten kustannusten vuoksi.”

Annual report 2025A · The company itself

“Konsernille merkittävimmät ulkomaan valuutat ovat Yhdysvaltain dollari (USD) ja Ruotsin kruunu (SEK). Yhdysvaltain dollari on Tokmanni -konsernin merkittävin eieuromääräinen hankintavaluutta. Ruotsin kruunujen merkitys johtuu hankitun tytäryhtiön kotivaluutassa tapahtuvasta liiketoiminnasta.”

Annual report 2025A · The company itself

“A number of risks inherent in international operations could have a material adverse effect on our results of operations, including war, sanctions, global health crises, currency fluctuations, difficulties in staffing and managing multinational operations, general economic and political uncertainties and potential for social unrest in countries in which we operate, limitations on our ability to enforce legal rights and remedies, restrictions on the repatriation of funds, change in trade policies, tariff regulation, difficulties in obtaining export and import licenses and the risk of government financed competition.”

Annual report 2025A · The company itself

“Dollars, with the most significant exception being Europe, where we invoice primarily in Euro. Additionally, a portion of our expenses, such as the cost to manufacture and costs of personnel, are denominated in foreign currencies, primarily the Euro.”

Annual report 2026A · The company itself

“Integrated air and ground network costs increased $327 million as we continued to align our global network with shifting volume patterns. These cost increases were primarily due to unfavorable currency movements, increased aircraft maintenance expenses, and higher charter utilization associated with network disruptions and capacity constraints.”

Annual report 2025A · The company itself

“We monitor and manage foreign currency exchange rate and interest rate exposures, and use derivative instruments to mitigate the impact of changes in these rates on our financial condition and results of operations; however, changes in foreign 13 currency exchange rates and interest rates cannot always be predicted or effectively hedged, and may have a material adverse effect on us.”

Annual report 2025A · The company itself

“En kursförändring med 10 procent mellan EUR och SEK påverkar koncernens rörelseresultat EBIT med cirka 1 MSEK (1) och motsvarande kursförändring mellan USD och SEK med cirka 19 MSEK (33) samt en kursförändring mellan CAD och SEK ger resultatpåverkan på rörelseresultatet EBIT med 97 MSEK (99).”

Annual report 2024A · The company itself

“Although we report our financial results in U.S. Dollars, a significant portion of our revenues, indebtedness and other liabilities and our costs are denominated in non-U.S. currencies, including among others the Chinese Renminbi, Euro, Swedish Krona, Indian Rupee, Korean Won, Japanese Yen, Australian Dollar, Canadian Dollar, and British Pound Sterling.”

Annual report 2025A · The company itself

“Vitec har valutaexponering i norska kronor, danska kronor och mot euro. En förändring av kursen för dessa valutor med 5 % skulle i år ha påverkat koncernens resultat efter skatt med cirka 24,7 Mkr.”

Annual report 2024A · The company itself

“RESULTS OF OPERATIONS Foreign Exchange Impacting Comparability The impact of exchange rates on our business is an important factor in understanding period-to-period comparisons of our results. For example, our international revenues are favorably impacted as the U.S. dollar weakens relative to other foreign currencies, and unfavorably impacted as the U.S. dollar strengthens relative to other foreign currencies.”

Annual report 2025A · The company itself

“Item 7A: Quantitative and Qualitative Disclosures About Market Risk Derivative Transactions The Company is a global company that operates in over 35 countries and, as a result, the Company’s net sales, cost of sales, operating expenses and balance sheet amounts are significantly impacted by fluctuations in foreign currency exchange rates. The Company is exposed to currency price risk on foreign currency exchange rate fluctuations when it translates its non-U.S. dollar foreign subsidiaries’ financial statements into U.S. dollars, and when any of the Company’s subsidiaries purchase or sell products or services in a currency other than its own currency.”

Annual report 2025A · The company itself

“Andelen fakturering i utländsk valuta uppgick under 2024 till 64 procent (66). Av koncernens tillverkning ägde 39 procent (41) rum i Sverige.”

Annual report 2024A · The company itself

“Koncernen är framför allt exponerad för förändringar i EUR och USD.”

Annual report 2024A · The company itself

“Our results of operations, growth prospects and the value of our assets are affected by fluctuations in currency exchange rates, which have had, and may continue to have adverse effects on our reported earnings. More specifically, an increase in the value of the U.S. dollar, relative to other currencies, such as the Chinese Renminbi (“RMB”), Australian Dollar, the British Pound and the Euro, as well as currencies in certain other markets have historically affected and may continue to affect our reported earnings.”

Annual report 2025A · The company itself

“Table of Contents Our exposure to foreign exchange rate fluctuations on cross-border transactions and the translation of local currency results into U.S. dollars could negatively impact our results of operations. We provide our offerings globally, and higher volatility and fluctuations in foreign exchange rates could have a significant impact on our reported consolidated results of operations, financial condition and cash flows, which are presented in U.S. dollars. Accordingly, significant changes in foreign exchange rates, particularly the Euro, British Pound Sterling and Czech Koruna, has had in the past, and could continue to, cause fluctuations in the reported results of our businesses’ operations that could negatively affect our results of operations.”

Annual report 2025A · The company itself

“In addition, certain emerging markets have currencies that fluctuate substantially, which may impact our financial performance. For example, in the past, our revenue in certain emerging markets in Latin America has been adversely impacted by currency fluctuations and devaluations.”

Annual report 2025A · The company itself

“•International segment revenue was positively impacted by operational changes made in connection with the Expected Fiscal Year Alignment, leading to an approximate 2.5% to 3.5% increase in sales in the International segment in the reported fourth quarter 2025 due to an acceleration of the timing of sales into the reported fourth quarter of 2025, a trend that we do not expect to recur. •Additionally, International segment revenue was unfavorably impacted by foreign exchange which decreased revenue by approximately $36 million, or 1%, primarily driven by the Brazilian real, Argentinian peso, Turkish lira, Mexican peso, Australian dollar and Canadian dollar.”

Annual report 2025A · The company itself

“Bolaget är exponerat för sådana förändringar då den operativa verksamheten bedrivs i Sverige och eventuella framtida ersättningar enligt bolagets samarbetsavtal betalas i utländsk valuta.”

Annual report 2024A · The company itself

“Rörelsens kostnader uppgick under verksamhetsåret till 39,8 MSEK, varav cirka 33 procent representerade kostnader i utländsk valuta. Andelen kostnader i utländsk valuta, huvudsakligen USD och EUR, kan komma att fluktuera då projekten efter hand kommer att befinna sig i senare utvecklingsfaser med potentiellt fler kliniska studier i utlandet.”

Annual report 2024A · The company itself

“Under räkenskapsåret ökade nettoomsättning med 16 procent till 6 042 MSEK (5 210), varav den organiska tillväxten exklusive valutakursförändringar var 9 procent och förvärvad tillväxt var 1 procent. Valutakursförändringar påverkade nettoomsättningen positivt med 6 procent.”

Annual report 2023A · The company itself

“In addition, financial results are likely to be driven by many factors, including, but not limited to: •spot market prices (largely impacted by dry hydrological scenarios, forced outages, and international fuel prices); •changes in current regulatory rulings, tax policies; and •fluctuations of the Chilean peso.”

Annual report 2025A · The company itself

“Key Financial Drivers — Financial results are driven by many factors, including, but not limited to: •forced outages; •exposure to fluctuations of the Argentine peso; •changes in hydrology and wind resources; and •domestic energy demand and exports.”

Annual report 2025A · The company itself

“In addition to hydrology, financial results are driven by many factors, including, but not limited to: •forced outages; •fluctuations of the Colombian peso; and •spot market prices.”

Annual report 2025A · The company itself

“Key Financial Drivers — Financial results are driven by many factors, including, but not limited to: •forced outages; •exposure to fluctuations of the Argentine peso; •timely collection of FONINVEMEM installments and outstanding receivables (see Energy Markets and Regulatory Environment below); •natural gas prices and availability for contracted generation at TermoAndes; and •domestic energy demand and exports.”

Annual report 2025A · The company itself

“Såfremt nogle lejere vælger at anlægge sådanne sager og får medhold, kan dette have væsentlig negativ betydning for koncernen. • De fleste lejekontrakter på koncernens udenlandske center er baseret på euro. Lejerne skal således betale en leje i lokal valuta omregnet fra et euro-beløb. Hvis der sker betydeligt kursfald på den lokale valuta i forhold til euro, vil lejeomkostningen blive øget, hvilket øger risikoen for, at lejerne ikke kan betale den aftalte leje.”

Annual report 2026A · The company itself

“The highest currency exposure for Agillic is NOK.”

Annual report 2025A · The company itself

“Valutakursförändringar påverkade negativt med 1.984 Mkr jämfört med 2023.”

Annual report 2024A · The company itself

“Justerat för valutakursförändringar ökade de totala tillgångarna med 20,9 miljarder kronor.”

Annual report 2024A · The company itself

“Lower raw materials prices in the quarter and a negative effect from exchange rate developments also impacted revenue in the quarter.”

Annual report 2025A · The company itself

“The primary currencies to which we have foreign currency exchange rate exposure are the Chinese Renminbi, Euro and Australian Dollar.”

Annual report 2025A · The company itself

“We enter into foreign currency forward contracts for currencies where we have exposures, primarily the Euro, British Pound, Chinese Yuan, Polish Zloty and Canadian Dollar, to minimize the short-term impact of foreign currency exchange rate fluctuations on certain assets and liabilities.”

Annual report 2025A · The company itself

“Alligators rörelseintäkter består huvudsakligen av ersättningar som erhålls i enlighet med avtal med AbClon Inc. avseende utlicensiering av HLX22/AC101 till Shanghai Henlius Biotech Inc. och licensavtal med Biotheus Inc. Dessa intäkter erhålls i USD och EUR, medan Alligators rörelsekostnader till övervägande del uppstår i SEK och annan utländsk valuta, som exempelvis USD, EUR och GBP. Valutaflöden i samband med köp och försäljning av varor och tjänster i andra valutor än SEK ger upphov till en så kallad transaktionsexponering.”

Annual report 2024A · The company itself

“Valuuttakurssien merkittävä muutos (CZK, USD, SEK) ja muutosten negatiivinen vaikutus yhtiön taloudelliseen tulokseen ja rahoitusasemaan.”

Annual report 2025A · The company itself

“International revenues, foreign-denominated monetary assets and liabilities, and investments in foreign subsidiaries expose us to the risk of fluctuations in foreign exchange rates against the US dollar. Principal currency exposures include the Australian dollar, British pound, Canadian dollar, Euro, and Japanese yen.”

Annual report 2025A · The company itself

“Economic and political events in Argentina expose us to heightened levels of foreign currency exchange risks. Although our functional currency in Argentina is the U.S. dollar, we have net assets and transactions in Argentina that are denominated in pesos. In fiscal year 2024, the new Argentine government devalued the Argentine peso by approximately 55% against the U.S. dollar which was the primary factor in our recognition of a $53 million loss on monetary balances in this fiscal year.”

Annual report 2026A · The company itself

“The value of the U.S. dollar compared to the Euro, British pound and the Japanese yen (the Major Currencies) impacts income for our businesses with substantial international operations.”

Annual report 2025A · The company itself

“Anoto har betydande valutaflöden i USD, EUR, GBP och KRW eftersom större delen av faktureringen sker i dessa valutor.”

Annual report 2024A · The company itself

“With respect to our non-U.S. operations, we are subject to risk of loss from currency fluctuations, social instability, changes in governmental policies or policies of central banks, expropriation, nationalization, unfavorable political and diplomatic developments and changes in legislation relating to non-U.S. ownership.”

Annual report 2025A · The company itself

“Etter oppkjøpet av Jet Carrier AS i 2024, har konsernets eksponering mot valuta, særlig SEK og EUR, økt som følge av selskapets salg av tjenester i disse valutaene. Samtidig har valutarisiko i CAD, tidligere forbundet med produksjon i Canada, blitt ytterligere redusert sammenlignet med tidligere år.”

Annual report 2024A · The company itself

“In addition, a decrease in the value of the U.S. dollar relative to foreign currencies could increase our product and operating costs in foreign locations. Further, a portion of our operating expenses is incurred outside the U.S., is denominated in foreign currencies and is subject to fluctuations due to changes in foreign currency exchange rates.”

Annual report 2025A · The company itself

“In addition, we are subject to foreign currency exchange rate risk from our Australian, Canadian, Indian, Jamaican, New Zealand, Norwegian, Singaporean and various Caribbean and Latin American operations because we transact business in their local denominated currencies.”

Annual report 2025A · The company itself

“Operations and support expenses increased in 2025, driven by increased sales volume, resulting in higher equipment, selling and bad debt expense, partially offset by favorable impact of foreign exchange.”

Annual report 2025A · The company itself

“Myös vahvistunut Ruotsin kruunun kurssi lisäsi euromääräistä liikevaihtoa.”

Annual report 2025A · The company itself

“Of net financial items totaling USD -39.8 million (2021: USD -22.0 million), USD -21.2 million (2021: USD 19.2 million) related to foreign currency losses (gains).”

Annual report 2022A · The company itself

“Table of Contents Fluctuations in foreign currency exchange rates, such as the unfavorable impacts associated with the Indian rupee and Brazilian real and favorable impacts associated with the euro in 2025, may result in a variety of negative effects, including lower net sales, increased costs, lower gross margins, increased allowance for credit losses and/or write-offs of accounts receivable, and required recognition of impairments of capitalized assets, including goodwill and other intangible assets.”

Annual report 2025A · The company itself

“Foreign currency translation increased our 2025 net sales by approximately $29 million compared to the prior year.”

Annual report 2025A · The company itself

“Koncernen har en nettoexponering mot ett fåtal valutor, i all väsentlighet PLN. I nedanstående tabell framgår effekten på koncernens nettoomsättning och rörelseresultat om kurserna i exponeringsvalutan förändras med fem procent.”

Annual report 2024A · The company itself

“133BRevenue Revenue was DKK 731m (2024/25: DKK 693m), corresponding to growth of 5.5% year-on-year (8.7% in local currencies) driven by growth across most markets. revenue and grew by 11.6% in local currencies (6.6% in reported revenue).”

Annual report 2026A · The company itself

“Currency movements had a positive impact on the gross margin of 0.6pp compared to last year.”

Annual report 2026A · The company itself

“For the most part, foreign economic conditions and exchange rate fluctuations have caused the profitability related to foreign revenues to fluctuate more than the profitability related to domestic revenues.”

Annual report 2025A · The company itself

“Detta gör att Beijer Tech har större kostnader än intäkter i utländska valutor, främst EUR. Bolaget har valutaklausuler i flera av de större kundavtalen vilket eliminerar delar av Beijer Techs valutaexponering.”

Annual report 2024A · The company itself

“Valutakurseffekter på transaktioner till den operativa verksamheten redovisas i bruttoresultatet medan valutakurseffekter på den finansiella verksamheten redovisas i finansnettot.”

Annual report 2024A · The company itself

“Bolaget är exponerat för valutaförändringar och säkrar löpande exponeringen i vissa dotterbolag för att motverka denna risk.”

Annual report 2024A · The company itself

“Vid en försvagning av SEK mot EUR om 10 procent skulle detta påverka vinstmarginalen med -0,5 procent (-0,5) och motsvarande försvagning för SEK mot USD skulle påverka vinstmarginalen med -0,7 procent (-0,6).”

Annual report 2024A · The company itself

“Av inköp så sker 22 procent (18) i utländsk valuta, främst USD och EUR.”

Annual report 2024A · The company itself

“Koncernen påverkas av omräkning av utländska dotterbolagens resultat- och balansräkningar till svenska kronor (SEK).”

Annual report 2024A · The company itself

“This subjects us to a number of risks, including international economic, political, and labor conditions; currency fluctuations; tax laws (including U.S. taxes on foreign subsidiaries); increased financial accounting and reporting burdens and complexities; unexpected changes in, or impositions of, legislative or regulatory requirements; failure of laws to protect intellectual property rights adequately; inadequate local infrastructure and difficulties in managing and staffing international operations; delays resulting from difficulty in obtaining export licenses for certain technology; tariffs, quotas and other trade barriers and restrictions; transportation delays; operating in locations with a higher incidence of corruption and fraudulent business practices; and other factors beyond our control, including terrorism, war, natural disasters, climate change and diseases.”

Annual report unknown yearA · The company itself

“BioArctics intäkter består för närvarande i allt väsentligt av royaltyersättningar på faktisk försäljning där betalningar erhålls i EUR samt ersättningar från samarbets-, licens och co-promotionavtal med Eisai. BioArctic köper löpande tjänster i andra valutor än i SEK, framför allt i EUR, USD och GBP. Valutaflöden i samband med köp och försäljning av varor och tjänster i andra valutor än i SEK är föremål för transaktionsexponering.”

Annual report 2024A · The company itself

“The development in revenue reflected higher volumes sold, however offset by generally lower raw material prices, changes in customer mix and exchange rates.”

Annual report 2025A · The company itself

“The Group is exposed to market fluctuations in foreign exchange rates. Significant fluctuations in exchange rates between euros and Danish kroner to US dollars may materially adversely affect the reported results. • Revenues are in US dollars for oil and in euros for gas, while operational costs, taxes and investments are primarily in US dollars, euros and Danish kroner.”

Annual report 2024A · The company itself

“With Tyra coming onstream, delivering a more balanced portfolio of oil to gas, this means more revenue will be euro-denominated, thus reducing currency exposure on costs in euros and Danish kroner. • The Company’s financing is primarily in US dollars.”

Annual report 2024A · The company itself

“Räkenskapsåret 2024 Nettoomsättning Nettoomsättningen för 2024 ökade med 6% till 8 244 miljoner kronor (7 755). Valutaeffekter hade negativ inverkan på årets nettoomsättningstillväxt med ungefär 1 procentenhet och beror främst på att DKK och EUR stärktes mot den svenska kronan jämfört med 2023.”

Annual report 2024A · The company itself

“Uncertain or challenging global economic conditions could also lead to greater fluctuations in foreign currency exchange rates, which could adversely impact our results of operations and financial performance.”

Annual report 2025A · The company itself

“Boule är exponerad för valutarisker då försäljningen i huvudsak sker i USD och EUR. Bolaget är både exponerat i form av både omräkningseffekter till svenska kronor men även transaktionsexponering.”

Annual report 2024A · The company itself

“Den löpande exponeringen för valutaförändringar är begränsad då intäkter och kostnader i huvudsak avser samma valuta på respektive marknad. BTS kurssäkrar normalt inte valutaexponeringarna.”

Annual report 2024A · The company itself

“Det vesentligste av eksportomsetningen går til Sverige, Danmark, Storbritannia og Nederland og en endring av den svenske og danske kronen og euro vil derfor slå ut på resultatet. På samme måte vil en svekkelse av norske kroner mot euro og USD være uheldig, fordi en vesentlig del av importen betales i euro og USD.”

Annual report 2024A · The company itself

“•Any actual or perceived failure to comply with new or existing laws, regulations and other requirements relating to the privacy, security, processing and cross-border transfer of Personal Information (as defined below) could adversely affect our business, financial condition and results of operations. •We rely on third-party data center providers and any disruption in the operations of these third-party providers, limitations on capacity or interference with our use could adversely affect our business, financial condition and results of operations. •Doing business with the public sector and heavily-regulated entities subjects us to risks related to government procurement processes, regulations and contracting requirements. •Risks associated with our international operations could adversely impact our financial condition. •The effect of foreign exchange rate fluctuations may adversely impact our revenue, expenses, cash flows and financial condition.”

Annual report 2025A · The company itself

“If we price our products and services in a non-U.S. market in the local currency, we receive fewer U.S. dollars when the local currency declines in value relative to the U.S. dollar.”

Annual report 2025A · The company itself

“If we price our products and services in a non-U.S. market in U.S. dollars, a decrease in value of the local currency relative to the U.S. dollar could result in our prices being uncompetitive in that market.”

Annual report 2025A · The company itself

“On the other hand, when a foreign currency increases in value relative to the U.S. dollar, it takes more U.S. dollars to purchase the same amount of the foreign currency, which increases our operating expenses in that region.”

Annual report 2025A · The company itself

“MARKET RISK PROFILE Our primary market risk exposures include interest rate risk, foreign exchange risk and commodity pricing risk. We are exposed to market risk primarily from the following operations and activities: •Traditional banking activities of deposit gathering and lending; •Asset/liability management activities including the management of investment securities, short-term and long-term borrowings and derivatives; •Foreign operations within our Credit Card and Consumer Banking businesses; and •Customer accommodation activities within our Commercial Banking business.”

Annual report 2025A · The company itself

“Foreign Exchange Risk Foreign exchange risk represents exposure to changes in the values of current holdings and future cash flows denominated in other currencies. We are exposed to foreign exchange risk primarily from the intercompany funding denominated in pound sterling (“GBP”) and the Canadian dollar (“CAD”) that we provide to our businesses in the U.K. and Canada and net equity investments in those businesses. We are also exposed to foreign exchange risk due to changes in the dollar-denominated value of future earnings and cash flows from our foreign operations and from our Euro (“EUR”)-denominated borrowing.”

Annual report 2025A · The company itself

“Carasents huvudsakliga marknader är Sverige och Norge, vilket innebär att Bolaget primärt är exponerat mot NOK och SEK. Det är värt att notera att Carasent inte använder sig av valutaderivat eller andra finansiella instrument för att hantera dessa risker.”

Annual report 2024A · The company itself

“In addition, we conduct our business in U.S. dollars and various functional currencies of our foreign subsidiaries. Changes in foreign currency exchange rates could adversely affect our financial results, which are reported in U.S. dollars.”

Annual report 2026A · The company itself

“The adverse currency impact mainly related to the Chinese, Laotian, Vietnamese, Kazakh and Ukrainian currencies.”

Annual report 2025A · The company itself

“AUD $ 0.65 $ 0.65 CAD $ 0.72 $ 0.71 EUR $ 1.16 $ 1.06 GBP $ 1.32 $ 1.27 If the November 30, 2024 currency exchange rates had been used to translate our November 30, 2025 non-U.S. dollar functional currency operations’ assets and liabilities (instead of the November 30, 2025 U.S. dollar exchange rates), our total assets would have been lower by $1.4 billion and our total liabilities would have been higher by $1.3 billion.”

Annual report 2025A · The company itself

“•Sales decreased in Latin America due to lower sales volume, unfavorable price realization and unfavorable currency impacts primarily related to the Brazilian real.”

Annual report 2025A · The company itself

“Foreign Currency Exchange Rate Risk Our operations in Europe, Canada, and Asia Pacific are subject to increased currency translation risk as revenues and expenses are denominated in foreign currencies, primarily the Euro, British pound, Canadian dollar, Australian dollar, and Japanese yen. We also have de minimis exposure to other foreign currencies, including the Singapore dollar, Philippine peso, and Hong Kong dollar.”

Annual report 2025A · The company itself

“Outlook for 2026 ƒ Consolidated revenue for the CeMat Group is expected to be DKK 86-88 million in 2026. ƒ Consolidated EBITDA for the CeMat Group is expected to be DKK 13.8-14.8 million in 2026. ƒ EBITDA from the development segment is expected to be DKK 6.5-7 million. ƒ EBITDA from the property rental business is projected to reach DKK 7.3-7.8 million. ƒ A positive net result of approx. DKK 8-9 million is expected for 2026 (before taking into account the valuation of the investment property).”

Annual report 2025A · The company itself

“The average PLN to DKK exchange rate in 2025 increased from 1.73 to 1.77 which impacted the financial figures. The same exchange rate is assumed in the forecast for 2026.”

Annual report 2025A · The company itself

“For example, certain contracts are frequently denominated in currencies other than the currency in which we incur expenses related to those contracts. Where expenses are incurred in currencies other than those in which contracts are priced, fluctuations in the relative value of those currencies could have a material adverse effect on our results of operations.”

Annual report 2025A · The company itself

“We seek to mitigate market risk using a number of techniques, including maintaining and managing the assets and liabilities of our international operations consistent with the foreign currencies of the underlying insurance and reinsurance businesses, thereby limiting exchange rate risk to net assets denominated in foreign currencies. From time to time, we use derivatives to hedge planned cross-border transactions, and designate certain derivatives to hedge foreign currency risk on our euro denominated debt and exposure in the net investments of certain foreign subsidiaries.”

Annual report 2025A · The company itself

“Our business and results of operations are exposed to movements in foreign currency exchange rates. Some of our transactions are non-U.S. Dollar denominated, with the Euro, Indian Rupee, and Canadian Dollar being our most significant foreign currency revenue exposures.”

Annual report 2025A · The company itself

“We are exposed to fluctuations in currency exchange rates that could negatively impact our financial results and cash flows. Because a significant portion of our business is conducted outside the United States, we are exposed to adverse movements in foreign currency exchange rates, including in emerging markets where currencies may be extremely volatile.”

Annual report 2026A · The company itself

“Trading Risk We are exposed to market risk primarily through client facilitation activities from certain derivative and foreign exchange products as well as underwriting and market making activities. Market risk exposure arises from fluctuations in interest rates, basis spreads, volatility, foreign exchange rates, equity prices, and credit spreads across various financial instruments. Client facilitation activities consist primarily of interest rate derivatives, financially settled commodity derivatives, and foreign exchange contracts where we enter into offsetting trades with a separate counterparty or exchange to manage our market risk exposure.”

Annual report 2025A · The company itself

“Förutom svenska kronor och euro exponeras Cloetta även i viss utsträckning mot DKK, NOK, GBP och USD.”

Annual report 2024A · The company itself

“Cloudberry is exposed to various financial risks, including power price volatility, interest rate risk, currency fluctuations, credit risk, and liquidity risk.”

Annual report 2024A · The company itself

“Additionally, Cloudberry operates in Denmark, Sweden, and Norway and holds investments in associated companies, resulting in exposure to DKK, SEK, and EUR.”

Annual report 2024A · The company itself

“Revenues from our clients in the United Kingdom, Continental Europe and Rest of World represented 9.1%, 9.9% and 6.2%, respectively, of our 2025 revenues, and are typically denominated in currencies other than the U.S. dollar. Accordingly, our revenues may be affected by fluctuations in the exchange rates, primarily the British pound and the Euro, as compared to the U.S. dollar.”

Annual report 2025A · The company itself

“Overall, currency fluctuations had a positive effect of 0.5%, primarily (DKKm) ● Operational Service Agreements ● Recurring Licenses driven by the strengthening of the Swedish currency.”

Annual report 2025A · The company itself

“Quantitative and Qualitative Disclosures about Market Risk Financial Instrument Market Risk We and certain of our subsidiaries hold and issue derivative contracts and financial instruments that expose our cash flows or earnings to changes in commodity prices, foreign currency exchange rates or interest rates. We may use financial and commodity-based derivative contracts to manage the risks produced by changes in the prices of natural gas, crude oil and related products; fluctuations in interest rates and foreign currency exchange rates; or to capture market opportunities.”

Annual report 2025A · The company itself

“We also intend to continue our commodity and foreign exchange hedging programs.”

Annual report 2026A · The company itself

“Corteva’s operations outside the United States are subject to risks and restrictions, including fluctuations in foreign currency exchange rates; inflation; exchange and price control regulations; corruption risks; competitive restrictions; changes in local political or economic conditions; import and trade restrictions; import or export licensing requirements and trade policy; and other potentially detrimental domestic and foreign governmental practices or policies affecting U.S. companies doing business abroad.”

Annual report 2025A · The company itself

“Further, Corteva’s largest currency exposures are the Brazilian real, Euro, Canadian dollar and Argentine peso. Inflation, market uncertainty or an economic downturn in these geographic areas could reduce demand for Corteva’s products and result in decreased sales volume, which could have a negative impact on Corteva’s results of operations.”

Annual report 2025A · The company itself

“The unfavorable currency impacts were led by the Turkish Lira and Canadian Dollar.”

Annual report 2025A · The company itself

“Volume growth was driven by demand for new products, herbicides and biologicals, while price declined primarily due to market dynamics in Latin America, partially offset by North America price increases.”

Annual report 2025A · The company itself

“Koncernen har försäljning utanför Sverige som sker främst i EUR och USD.”

Annual report 2024A · The company itself

“Olika bolag inom koncernen har olika funktionella valutor. Dedicare är exponerat både mot NOK, DKK, EUR och GBP. Valutakursfluktuationer kan komma att få en negativ effekt på Dedicares finansiella ställning och resultat.”

Annual report 2024A · The company itself

“Our international operations face many risks and uncertainties, including varied local economic and labor conditions; political instability; public health issues; changes in the U.S. and international regulatory environments; the impacts of trade protection measures, including increases in tariffs and trade barriers, and other changes in international trade arrangements that could adversely affect our ability to conduct business in non-U.S. markets; changes in tax laws; potential theft or other compromise, and limited or unfavorable protection, of our technology, data, or intellectual property; copyright levies; and volatility in foreign currency exchange rates.”

Annual report 2026A · The company itself

“Our profitability and international operations are, and will continue to be, subject to a number of risks and potential costs, including: •local product preferences and product requirements; •longer-term receivables than are typical in the United States; •fluctuations in foreign currency exchange rates; •less intellectual property protection in some countries outside the United States than exists in the United States; •trade protection measures and import and export licensing requirements; •workforce instability; •fluctuations in trade policy and tariff regulations, including potential higher tariffs on imported goods and materials and renegotiation of free trade agreements and potential retaliatory tariffs imposed by foreign countries against U.S. goods; and •political and economic instability.”

Annual report 2025A · The company itself

“Mediterranean's freight rates are expected to increase in 2026 following the introduction of a new pricing model and capacity reductions.”

Annual report 2025A · The company itself

“Valutarisken innebär hur värdet på finansiella instrument varierar på grund av förändringar i valutakurser. Koncernens åtgärder för att hantera den transaktionsmässiga valutarisken är att vid behov köpa valuta för att minimera den kortsiktiga resultatpåverkan och samtidigt skapa långsiktigt handlingsutrymme.”

Annual report 2024A · The company itself

“The Companies’ exposure to foreign currency exchange rate risk is related to certain fixed price contracts associated with the CVOW Commercial Project which it manages through foreign currency exchange rate derivatives. The contracts include services denominated in currencies other than the U.S. dollar for approximately €2.6 billion and 5.1 billion kr.”

Annual report 2025A · The company itself

“Certain of the fixed price contracts for major offshore construction and equipment components are denominated in Euros and Danish kroner. In May 2022, Virginia Power entered into forward purchase agreements with a notional amount of approximately €3.2 billion. Accordingly, to the extent the instruments do not effectively hedge the Companies’ exposure to these currencies, including by default of the counterparty, adverse fluctuations in the applicable exchange rates would likely adversely affect the cost of the CVOW Commercial Project.”

Annual report 2025A · The company itself

“Foreign currency exchange rate risk We have exposure to various foreign currency exchange rate fluctuations for revenues generated by our operations outside the U.S., which can adversely impact our net income and cash flows. Approximately 6.9% of our total revenues in 2025, 6.8% of our total revenues in 2024 and 6.9% of our total revenues in 2023 were derived from our international franchise segment, a majority of which were denominated in foreign currencies.”

Annual report 2025A · The company itself

“The largest exposures are denominated in European currencies, the Chinese yuan, the Japanese yen, the Thai baht and the Argentinian peso, although exposures also exist in other currencies in Asia Pacific, Canada, Latin America, the Middle East, Africa and India.”

Annual report 2025A · The company itself

“Egetis Therapeutics bedriver verksamhet internationellt och har omfattande inköp i främst EUR och USD. Egetis Therapeutics huvudsakliga intäkter har hitintills bestått av individuell licensförskrivning av Emcitate. Den huvudsakliga valutan är EUR.”

Annual report 2024A · The company itself

“Egetis Therapeutics rörelsekostnader uppstår framför allt i EUR, CHF och SEK, men även till viss del i USD.”

Annual report 2024A · The company itself

“Bolaget har även lånefinansiering i EUR som medför en valutaexponering. licens- och samarbetsavtal kan innebära en rätt till större engångsersättningar, till exempel i samband med att avtalet ingås eller om definierade milstolpar uppnås.”

Annual report 2024A · The company itself

“The change mainly referred to acquisitions and changes in additional considerations that increased net debt by approximately MSEK 500 and exchange rate fluctuations of MSEK 506.”

Annual report 2024A · The company itself

“Excluding exchange rate fluctuations, discontinued operations and acquisitions, net sales declined organically by two percent.”

Annual report 2024A · The company itself

“Huvuddelen av koncernens verksamhet är lokal, och över 95 procent av kassainflödena genereras i respektive lands lokala valuta.”

Annual report 2024A · The company itself

“In addition, changes in the relative values of currencies occur from time to time and have affected our operating results and could do so in the future. While we monitor our exchange rate exposures and attempt to mitigate this exposure through hedging activities, this risk could adversely affect our operating results.”

Annual report 2025A · The company itself

“Support & underhåll tjänster Licensintäkter R&D investering Kostnad för R&D Aktiverade produktutvecklingskostnader Kostnader för forskning och utveckling Kostnader för forskning och utveckling, % av omsättning Finansiella risker Kommentar Exponering Valuta Valutarisk innebär att värdet på finansiella tillgångar/skulder kan variera på grund av förändringar i valutakurser. Enea är ett internationellt företag och huvuddelen av försäljningsintäkterna erhålls i amerikanska dollar samt euro.”

Annual report 2024A · The company itself

“Markkinariski Valuuttariski Enersense altistuu valuuttariskeille, joista Ruotsin ja Norjan kruunut ovat merkittävimmät, joissa on valuuttamääräisiä myyntisaamisia ja ostovelkoja.”

Annual report 2025A · The company itself

“Politiska villkor sätter förutsättningar för utveckling av projekt för förnybar energi, men branschen påverkas även av konjunktur, ränteläge, elpriser och valutakurser.”

Annual report 2024A · The company itself

“Inflations- och valutaexponering En stor del av Eolus försäljningar av anläggningar för produktion av förnybar el samt inköp av komponenter sker i EUR och USD.”

Annual report 2024A · The company itself

“The local purchasing currencies NOK and SEK continued to depreciate against the main purchasing currencies USD and EUR, and costs for inbound freight from Asia were negatively impacted by surcharges due to the conflict in the Red Sea.”

Annual report 2024A · The company itself

“On the positive side, there were lower purchasing prices in local currency in Asia, and a somewhat higher share of sales from private labels.”

Annual report 2024A · The company itself

“Currency and Inflation Our worldwide operations require that we transact in a multitude of currencies other than the U.S. dollar. That exposes us to the inherent risks of volatile international currency markets and governmental interference.”

Annual report 2025A · The company itself

“The principal foreign exchange risks to which Expeditors is exposed include Chinese Yuan, Indian Rupee, Euro, Mexican Peso, Canadian Dollar, British Pound and Vietnamese Dong.”

Annual report 2025A · The company itself

“We are exposed to foreign currency exchange rate risk, and changes in foreign exchange rates could increase the cost of purchasing products and impact our foreign sales.”

Annual report 2025A · The company itself

“Historically, our primary exchange rate exposure has been with the Canadian dollar as our Mexican activities are primarily conducted in U.S. dollars and our non-North American operations are relatively small in scale.”

Annual report 2025A · The company itself

“Our primary currency exposures are the Canadian dollar and the Mexican peso against the U.S. dollar, reflecting the scale of those operations relative to the size of our business.”

Annual report 2025A · The company itself

“Bribery Act) and defending against inappropriate or unjustified enforcement or other actions by such agencies; •changes in foreign currency exchange rates, especially in the euro, Chinese yuan, British pound, Canadian dollar, Australian dollar, Mexican peso, Hong Kong dollar, and Japanese yen, which can affect our sales levels and foreign currency sales prices; •loss or delay in the collection of accounts receivable; •any liability resulting from and the costs of defending against class-action, derivative, and other litigation, such as wage-and-hour, joint employment, securities, vehicle accident, and discrimination and retaliation claims, claims related to our reporting and disclosure of sustainability topics, and any other legal or governmental proceedings, including the matters discussed in Note 19 of the consolidated financial statements included in “Item 8.”

Annual report 2026A · The company itself

“The principal foreign currency exchange rate risks to which we are exposed relate to the euro, Chinese yuan, Canadian dollar, British pound, Australian dollar, Mexican peso, Hong Kong dollar, and Japanese yen.”

Annual report 2026A · The company itself

“Table of Contents In addition, acquisitions outside of the U.S. often involve additional or increased risks including, for example: •managing geographically separated organizations, systems and facilities; •integrating personnel with diverse business backgrounds and organizational cultures; •complying with non-U.S. regulatory requirements; •fluctuations in currency exchange rates; •enforcement of intellectual property rights in some non-U.S. countries; •difficulty entering new non-U.S. markets due to, among other things, consumer acceptance and business knowledge of these new markets; and •general economic and political conditions.”

Annual report 2025A · The company itself

“While we maintain a significant portion of our operations in the U.S., we also provide services and earn revenues in Asia-Pacific; Europe, Middle East and Africa; Latin America; and Canada. As a result, we are subject to foreign currency exchange risk through our non-U.S. operations. Fluctuations in the exchange rates to the U.S. dollar have affected, and will in the future affect, our financial results from one period to the next.”

Annual report 2025A · The company itself

“Bolaget mottager större delen av sina intäkter i USD, EUR och SEK, medan kostnader för ersättning till medarbetare och övriga rörelsekostnader på icke-svenska orter är i EUR, UAH, RUB och USD samt mindre regionala valutor.”

Annual report 2024A · The company itself

“FOREIGN CURRENCY RISK A significant portion of our revenues are typically derived from sales outside of the United States. Among the major foreign currencies in which we conduct business are the Euro, the British Pound, the Japanese Yen, the Australian dollar and the Canadian dollar.”

Annual report 2025A · The company itself

“As a result of our global operations, we generate and incur a significant portion of our revenues and expenses in currencies other than the U.S. dollar. Such principal currencies include the euro and British pound sterling.”

Annual report 2025A · The company itself

“The decrease from intermediation activities primarily reflected significantly lower revenues in mortgages and currencies, partially offset by significantly higher revenues in equity products and commodities.”

Annual report 2025A · The company itself

“Categories of market risk include the following: •Interest rate risk: results from exposures to changes in the level, slope and curvature of yield curves, the volatilities of interest rates, prepayment speeds and credit spreads; •Equity price risk: results from exposures to changes in prices and volatilities of individual equities, baskets of equities and equity indices; •Currency rate risk: results from exposures to changes in spot prices, forward prices and volatilities of currency rates; and •Commodity price risk: results from exposures to changes in spot prices, forward prices and volatilities of commodities, such as crude oil, petroleum products, natural gas, electricity, and precious and base metals.”

Annual report 2025A · The company itself

“Försäljningskontrakt tecknas primärt i USD, EUR och CNY beroende på var kunderna är lokaliserade, medan kostnaderna främst är i USD, CNY, PLN och SEK. Förändringar i valutakurser påverkar Gränges resultat- och balansräkning samt kassaflöde.”

Annual report 2024A · The company itself

“Gränges räntebärande upplåning sker i huvudsak i SEK, USD och CNY till rörlig ränta. Ändrade ränte nivåer kan påverka koncernens resultat och kassaflöde och/eller det verkliga värdet på finansiella tillgångar och skulder.”

Annual report 2024A · The company itself

“For example, we have experienced these conditions in Argentina and other countries and though we have utilized processes to repatriate cash when we believe it is appropriate to do so, we have incurred losses from devaluation of the local currency and from repatriating cash.”

Annual report 2025A · The company itself

“The Central Bank of Argentina maintains currency controls that limit our ability to access U.S. dollars in Argentina and remit cash from our Argentine operations. The execution of certain trades known as Blue Chip Swaps effectively results in a parallel U.S. dollar exchange rate.”

Annual report 2025A · The company itself

“Harboes salg og indkøb i fremmed valuta sker fortsat for størstedelen af koncernens aktiviteter i EUR, hvor valutarisikoen anses for at være begrænset.”

Annual report 2026A · The company itself

“De viktigaste valutorna i koncernens betalningsflöden är sek, usd och eur.”

Annual report 2024A · The company itself

“In addition, our operations in international markets create risk due to foreign currency exchange rates and fluctuations in those rates, which may adversely impact our sales and profitability.”

Annual report 2026A · The company itself

“2024 compared with 2023 Net sales increased due to the following: •Incremental sales from recent acquisitions, •Increased pricing and price adjustments to offset inflation, and •Higher sales volumes, •Partially offset by unfavorable impact of foreign currency translation, driven by the strengthening of the U.S. dollar against the Turkish lira, Chinese renminbi, and Canadian dollar, offset by the weakening of the U.S. dollar against the British pound.”

Annual report 2025A · The company itself

“As such, our operating results could be affected by changes in foreign currency exchange rates or weak economic conditions in the foreign markets in which we sell our products, purchase goods or otherwise incur costs to operate foreign subsidiaries. As a percentage of the Company’s total Net sales, the net sales of foreign operations, for which transactions are primarily in local currencies were 7% in 2025, 8% in 2024 and 8% in 2023, with the Canadian, UK, and Brazilian operations representing approximately 33%, 24%, and 19%, respectively, of 2025 total international Net sales. To manage this exposure, we closely monitor the working capital requirements of our international units and we may enter into forward foreign exchange contracts to mitigate risk related to receipts from customers and payments to suppliers.”

Annual report 2025A · The company itself

“We are exposed primarily to interest rate risk as a result of offering a wide array of financial products to our customers, and secondarily to price risk from trading securities, securities owned by our broker-dealer subsidiaries, foreign exchange positions, equity investments, and investments in securities backed by mortgage loans.”

Annual report 2025A · The company itself

“Approximately 28% of our revenue was denominated in foreign currencies for the year ended December 31, 2025.”

Annual report 2025A · The company itself

“•As many of our subsidiary operations are located outside of the U.S. and have functional currencies other than the U.S. Dollar, changes in the exchange rates to the U.S. Dollar impact our reported financial results.”

Annual report 2025A · The company itself

“Däremot förekommer valutaexponering i noterade bolag som är noterade på utländska börser eller har utländsk valuta som basvaluta. Därtill kommer in - direkta valutakursrisker då flertalet av de noterade bolagen har internationell verksamhet.”

Annual report 2022A · The company itself

“Försäljningen på internationella marknader sker främst i USD, EUR och GBP.”

Annual report 2024A · The company itself

“Koncernens nettoomsättning ökade med 7 procent till 6 585 Mkr (6 139). Den valutarensade försäljningen ökade med 8 procent under året.”

Annual report 2024A · The company itself

“Valutarisk är risken för att verkligt värde eller framtida kassaflöden från ett finansiellt instrument fluktuerar, på grund av förändring i utländska valutakurser. Den främsta exponeringen härrör från omräkningen av tillgångar och skulder i utländska valutor samt i omräkningen av utländska verksamheters tillgångar och skulder till moderbolagets funktionella valuta, omräkningsexponering.”

Annual report 2024A · The company itself

“For the year ended December 31, 2025, the euro rose 13.4%, the British pound rose 7.7%, the Japanese yen rose 0.3%, and the Chinese renminbi rose 4.5%, respectively, relative to the U.S. dollar.”

Annual report 2025A · The company itself

“Our primary exposure to exchange rate risk relates to movements in the value of exchange rates between the U.S. dollar and other currencies in which our investments are denominated (including euros, British pounds, Japanese yen, among others), net of the impact of foreign exchange hedging strategies.”

Annual report 2025A · The company itself

“Valuta Konsernets finanspolicy sier at kontrakter over en viss størrelse skal valutasikres ved inngåelse, og disse blir i hovedsak sikret med valutaterminkontrakter (virkelig verdisikringer). Konsernet bruker i særskilte tilfeller terminkontrakter eller opsjoner som kontantstrømsikringer, for eksempel ved store tilbud der sannsynligheten for kontraktstildeling vurderes å være høy.”

Annual report 2024A · The company itself

“FOREIGN CURRENCY RISK Although the majority of our transactions are denominated in U.S. dollars, some of our transactions are denominated in foreign currencies. Our foreign currency exchange rate risk relates to receipts from customers, payments to suppliers and certain intercompany transactions denominated in currencies other than our (or one of our subsidiaries’) functional currency.”

Annual report 2026A · The company itself

“In particular, fluctuations in the Euro affect the Group, as a majority of its suppliers invoice in Euros while most cash is held in Norwegian Kroner. Currently, no currency hedging strategy is employed to mitigate these fluctuations.”

Annual report 2024A · The company itself

“Kiinteistöpalvelut Ruotsissa liikevaihto kasvoi sekä voitettujen uusien asiakkuuksien että vahvistuneen Ruotsin kruunun myötä.”

Annual report 2025A · The company itself

“Valutarisken i leverantörsskulden per årsskiftet har en bedömd resultatpåverkan efter skatt vid +/- 10 procents valutakursförändring mot SEK för USD +/- 1 350 (860) kkr och för EUR +/- 780 (1 270) kkr.”

Annual report 2024A · The company itself

“Valutarisk är risken för att verkligt värde av eller framtida kassaflöden från ett finansiellt instrument varierar på grund av förändringar i valutakurser.”

Annual report 2024A · The company itself

“If foreign exchange rates of major currencies (Euro, British Pound, Australian dollar and Canadian dollar) moved 10% in the same direction against the U.S. dollar compared with the foreign exchange rates in 2025, the Company estimates 54 net operating income would increase or decrease by approximately $109 million.”

Annual report 2025A · The company itself

“Our Specialties business faces currency risks from its overseas activities. Our Specialties business sells some of its products outside the United States. Therefore, the operations of the Specialties business are affected from time to time by the fluctuating values of the currency exchange rates of the countries in which it does business in relation to the value of the U.S.”

Annual report 2025A · The company itself

“While revenues of the Specialties business were predominantly derived from domestic customers in 2025, financial results can be affected by foreign currency exchange rates, increasing transportation costs or weak economic conditions in foreign markets.”

Annual report 2025A · The company itself

“The gross margin was impacted by headwinds on cost of goods sold in Norway and Finland for strengthened SEK”

Annual report 2026A · The company itself

“The gross margin was 42.9% in the quarter, compared to 46.4% last year (46.4% currency neutral), driven by higher cost of goods sold in KICKS, as the SEK strengthened against NOK and EUR decreasing the gross margin in Norway and Finland. Further, the gross margin in KICKS was impacted by price initiatives and closedown of Skincity.”

Annual report 2026A · The company itself

“The gross margin was impacted by headwinds on cost of goods sold in Norway and Finland for strengthened SEK towards NOK and EUR. Adjusted for the currency effect on cost of goods, gross margin was 45.2% in 2025/26.”

Annual report 2026A · The company itself

“Primary exposures include the U.S. dollar versus the Euro, British pound sterling, Chinese renminbi, Canadian dollar, Australian dollar, Polish zloty, Singapore dollar, Swiss franc, and Mexican peso, as well as the Euro versus the British pound sterling and Australian dollar, and Polish zloty.”

Annual report 2025A · The company itself

“While changes in foreign currency exchange rates affect reported results, McDonald's mitigates exposures, where practical, by purchasing goods and services in local currencies, financing in local currencies and hedging certain foreign-denominated cash flows.”

Annual report 2025A · The company itself

“Den 31 december var koncernens nettotillgångar i dotterföretag i utländsk valuta 376,8MSEK.”

Annual report 2024A · The company itself

“As a result of that analysis, we have determined that the estimated fair values of certain assets and liabilities are materially exposed to changes in interest rates, foreign currency exchange rates and equity markets. We have exposure to market risk through our insurance operations and investment activities.”

Annual report 2025A · The company itself

“We also have significantly more sales in the euro than we do expenses. When the euro weakens against the U.S. dollar and Swiss franc, our earnings also go down.”

Annual report 2025A · The company itself

“The forward contracts and senior secured yen credit facility are denominated in Japanese yen, which may cause foreign currency transaction losses. As of December 31, 2025, a 10% adverse change in the exchange rate would result in a foreign currency transaction loss of approximately $109 million and $35 million for the forward contracts and the senior secured yen credit facility, respectively.”

Annual report 2025A · The company itself

“In periods when the U.S. dollar declines significantly relative to the British pound, Euro, Thai baht and Taiwan dollar, the 41 Table of Contents operational costs in our European and Thailand subsidiaries are adversely affected.”

Annual report 2026A · The company itself

“Transaktionerna är primärt gjorda i valutorna SEK, EUR och USD .”

Annual report 2024A · The company itself

“Påverkan sker även vid omräkning av det kinesiska dotterbolagets balans- och resultaträkning till svenska kronor från dotterbolagets funktionella valuta CNY (omräkningsexponering).”

Annual report 2024A · The company itself

“Valutarisk Valutarisken är risken för att fluktuationer i valutakurser får effekt på resultaträkningen, finansiell ställning och/eller kassaflödet. Risken kan delas in i transaktionsexponering och omräkningsexponering.”

Annual report 2024A · The company itself

“We conduct business through our subsidiaries in many different countries, and fluctuations in currency exchange rates could have a significant impact on our reported consolidated results of operations, financial condition and cash flows, which are presented in U.S. dollars. Cross-border transactions, both with external parties and intercompany relationships, result in increased exposure to foreign exchange effects.”

Annual report 2025A · The company itself

“Det största försörjningsbola-get ligger i Sverige och där sker 61 procent av inköpen i SEK. Övriga inköp görs huvudsakligen i EUR och viss mindre utsträckning i USD.”

Annual report 2024A · The company itself

“De viktigaste valutorna är norska och danska kronor och euro för försäljning.”

Annual report 2024A · The company itself

“Valuuttakurssimuutoksilla oli noin 4 %:n negatiivinen vaikutus liikevaihtoon. Liikevaihto laski Amerikan alueella ja APAC-alueella. Myynti APAC-alueella laski Kiinan alueella, mitä osittain tasapainotti kasvu muualla APAC-alueella.”

Annual report 2025A · The company itself

“Nokian valuuttapositioiden suuruus vaihtelee eri markkina-alueiden liikevaihdon ja kulujen mukaan sekä näillä markkina-alueilla tapahtuvassa liiketoiminnassa käytettävien valuuttojen mukaan.”

Annual report 2025A · The company itself

“Risken att förändringen mellan olika valutor får väsentlig negativ påverkan på Nolatos utveckling och resultat. Risken består av transaktionsexponering, som härrör från inköp och försäljning i olika valutor, och omräkningsexponering, som härrör från omräkningen av de utländska dotterbolagens tillgångar, skulder och resultat till svenska kronor.”

Annual report 2024A · The company itself

“Currency risk NORBIT has international operations and clients and is exposed to currency risk through customer contracts and purchase of products and services in currencies other than the functional currency (NOK). NORBIT is primarily exposed to EUR and USD currencies.”

Annual report 2024A · The company itself

“The group’s revenues and costs are partly hedged operationally from a currency point of view; providing some risk reduction but significant movements, particularly of NOK vs GBP, USD an EUR, pose a financial risk for the group.”

Annual report 2024A · The company itself

“Norske Skog has loans predominantly denominated in EUR, matching cash flows from the EUR based European market.”

Annual report 2024A · The company itself

“Foreign Currency Market Risk Foreign Currency Non-Trading Risk Overview Northern Trust’s balance sheet is exposed to non-trading foreign currency risk as a result of its holdings of non-U.S.-dollar-denominated assets and liabilities, investment in non-U.S. subsidiaries, and future non-U.S.-dollar-denominated revenue and expense. To manage currency exposures on the balance sheet, Northern Trust attempts to match its assets and liabilities by currency. If those currency offsets do not exist on the balance sheet, Northern Trust will use foreign exchange derivative contracts to mitigate its currency exposure.”

Annual report 2025A · The company itself

“Asset servicing and related services encompass a full range of capabilities including but not limited to: custody; fund administration; investment operations outsourcing; investment management; investment risk and analytical services; employee benefit services; securities lending; foreign exchange; treasury management; brokerage services; transition management services; banking; and cash management.”

Annual report 2025A · The company itself

“FOREIGN CURRENCY RISK In certain circumstances, we are exposed to foreign currency risk. We enter foreign currency forward contracts to manage a portion of the exchange rate risk related to receipts from customers and payments to suppliers denominated in foreign currencies.”

Annual report 2025A · The company itself

“Liikevaihto kasvoi 8,5 prosenttia ja oli 164,5 (151,5) miljoonaa euroa.”

Annual report 2025A · The company itself

“Epävarmuus koskee muun muassa valuuttakurssien kehitystä, toimintaympäristön, paikallisen lainsäädännön ja verotuksen ennakoimattomuutta, kauppapakotteita ja länsimaihin suuntautuvan rahaliikenteen toimivuutta.”

Annual report 2025A · The company itself

“Optomed toimii kansainvälisesti ja on siten alttiina valuuttakurssiriskeille Keskeisimmät valuutat, joihin liittyville valuuttakurssiriskeille yhtiö eniten altistuu, ovat Kiinan renminbi ja Yhdysvaltain dollari.”

Annual report 2025A · The company itself

“Our principal currency exposures include the Australian Dollar, Brazilian Real, British Pound, Euro, Indian Rupee, Japanese Yen and Saudi Riyal.”

Annual report 2026A · The company itself

“Kronesvekkelsen resulterte i positive valutaeffekter i forbindelse med konsolidering av Orklas selskaper utenfor Norge.”

Annual report 2024A · The company itself

“Our results of operations and cash flows are subject to fluctuations due to changes in foreign currency exchange rates, particularly changes in the Euro, Japanese yen (“JPY”), and British pound sterling (“GBP”).”

Annual report 2025A · The company itself

“Our reported results could be adversely affected by unfavorable currency exchange rates and currency fluctuations could impair our competitiveness.”

Annual report 2025A · The company itself

“Our primary local currency cost bases may be different from our primary currency revenue markets, and U.S. dollar fluctuations against various currencies may have disproportionate negative impact on cash flows and on net revenues as compared to our gross profit and operating income margins.”

Annual report 2025A · The company itself

“Den valuta som står för störst andel av exportförsäljningen är EUR. Valutaexpo - nering uppstår vid koncernens försäljning av produkter där priset långfristigt överenskommits i annan valuta än SEK (detta gäller inte den del som avser metallråvaran som prisjusteras avseende valutarisken).”

Annual report 2024A · The company itself

“The depreciation in the value of the foreign currency in countries where we have a significant investment may adversely affect our results of operations and financial position.”

Annual report 2025A · The company itself

“Almost all business is conducted using DKK, SEK or EUR.”

Annual report 2025A · The company itself

“The company buys and sells in SEK, and these transactions are thus impacted by the DKK/SEK exchange rates. The management follows the SEK currency development very closely but assesses this risk to be minimal, as the number of transactions in SEK are not a major proportion and thus do not justify hedging of future purchases and sales in SEK.”

Annual report 2025A · The company itself

“At the Group level, the capital requirement and own funds are both exposed to foreign currency translation risk. The actual capital and the capital needs of Group companies are converted from their reporting currencies to the euro.”

Annual report 2025A · The company itself

“DKK, EUR och USD, och i mindre utsträckning SEK medan Bolagets inflöden från den operativa verksamheten huvudsakligen utgörs av EUR, USD och DKK. Kassaflöden i samband med köp och försäljning av varor och tjänster i olika valutor ger upphov till en så kallad transaktionsexponering.”

Annual report 2024A · The company itself

“Bolaget säkrar inte denna exponering varför det finns en risk att valutakursförändringar skulle kunna påverka Bolagets räkenskaper, exempelvis genom ökade kostnader för Koncernen, vilket i sin tur skulle kunna ha en negativ inverkan på Bolagets kassaflöde, resultaträkning och balansräkning.”

Annual report 2024A · The company itself

“For the year ended December 31, 2025, approximately 27.4% of our total site leasing revenue was generated by our international operations, of which 21.9% was generated in non-U.S. dollar currencies, including 13.6% which was denominated in Brazilian Reais.”

Annual report 2025A · The company itself

“Dollar have fluctuated significantly in recent years and may continue to do so in the future. For example, the Brazilian Real has historically been subject to substantial volatility and weakened 4.0% when comparing the average rate for the years ended December 31, 2025 and 2024. This fluctuation has affected, and may in the future continue to affect, our reported results of operations.”

Annual report 2025A · The company itself

“Selskabet investerer primært i Norden, og har sine investeringer primært i DKK, SEK, NOK og EUR samt alle passiver i danske kroner. Investeringer i SEK og NOK er ikke valutaafdækket, og er behæftet med en afledt valutarisiko.”

Annual report 2025A · The company itself

“In addition, we have revenue and expenses denominated in currencies other than the dollar, primarily the Thai Baht, Singaporean dollar, Chinese Renminbi and British Pound Sterling, which further exposes us to adverse movements in foreign currency exchange rates. A weakened dollar could increase the effective cost of our expenses such as payroll, utilities, tax and marketing expenses, as well as overseas capital expenditures.”

Annual report 2026A · The company itself

“Koncernens resultaträkning påverkas av att utländska dotterbolags resultaträkningar omräknas till SEK.”

Annual report 2024A · The company itself

“Däremot utgörs stor del av bolagets rörelsekostnader samt nästan alla intäkter av euro, och i framtiden väntas bolagets rörelseintäkter och kostnader även utgöras av andra valutor, främst dollar.”

Annual report 2024A · The company itself

“FOREIGN CURRENCY EXCHANGE RATE RISK AND INFLATION EXPOSURE At December 31, 2025, SI Partners, which holds our foreign operations, is classified as held for sale. Upon completion of the sale, which we expect to occur in the second or third quarter of 2026, we will deconsolidate SI Partners and account for our remaining 25% interest under the equity method, thereby reducing volatility in our results of operations associated with foreign currency exchange rate fluctuations and Mexican inflation.”

Annual report 2025A · The company itself

“Our primary exchange rate exposure is with the euro, the Brazilian real, the Canadian dollar, the Mexican peso, the British pound, the Chinese yuan, the Chilean peso and the Argentine peso, each against the U.S. dollar. While we actively manage the exposure of our foreign currency risk as part of our overall financial risk management policy, we have in the past and may in the future experience losses from foreign currency exchange rate fluctuations and currency controls and restrictions, and such losses could adversely affect our sales, earnings, cash flow, liquidity or financial condition.”

Annual report 2025A · The company itself

“Such international activities carry risks that are different from, or may be of a different magnitude than, those we face with our domestic properties and operations. These risks include, but are not limited to: ● adverse effects of changes in exchange rates for foreign currencies; ● changes in foreign political and economic environments, regionally, nationally, and locally; ● impact from threatened or implemented tariffs and international trade disputes and the associated impact on our tenants’ supply chain and consumer spending levels; ● challenges of complying with a wide variety of foreign laws, including corporate governance, operations, taxes and litigation, may lead to operating inefficiencies or increased costs; ● the risk that we, our employees and/or agents could violate anti-bribery, anti-corruption and international trade laws in the U.S., such as the U.S.”

Annual report unknown yearA · The company itself

“Valutapåverkan på koncernens nettoomsättning var negativ med 1 procent.”

Annual report 2024A · The company itself

“The exchange rate between the Swedish krona and the euro deviated slightly from the level in the comparison period, thus a minor positive impact on reported net sales development.”

Annual report 2025A · The company itself

“In addition to the market development, cost inflation (e.g., relating to salary increases), potential currency fluctuations (EUR/SEK) and Sitowise’s financing expenses are expected to impact the company’s financial performance in 2026.”

Annual report 2025A · The company itself

“Den ökade efterfrågan har varit pådriven av ökat fokus på hållbarhet och miljö, där också ”coolcation” blivit ett begrepp för turister som flyr värmen i södra Europa. Många har också upptäckt Skandinavien, både inhemska och utländska gäster, inte minst med tanke på den svaga valutan. SkiStars position är att vara den ledande semesterarrangören för Skandinavien, där vi genom ett attraktivt produktochkonceptutbud vill locka inhemska och utländska gäster till våra skandinaviska destinationer.”

Annual report 2024A · The company itself

“Bankens meglerbord bidrar til at både import og eksportbedrifter får dekket sine behov for utenlandsk valuta. De bistår også kundene med å avdekke en vesentlig del av deres valuta og renterisiko.”

Annual report 2024A · The company itself

“Market Risk Management Market risk is the risk of loss that could result from broad market movements, such as changes in the general level of interest rates, credit spreads, foreign exchange rates or commodity prices. We are exposed to market risk in both our trading and certain of our non-trading, or asset and liability management, activities.”

Annual report 2025A · The company itself

“With the growth of cross-border investing, our clients often enter into foreign exchange forward contracts to convert currency for international investments and to manage the currency risk in their international investment portfolios. As an active participant in the foreign exchange markets, we provide foreign exchange forward and option contracts in support of these client needs, and act as a dealer in the currency markets.”

Annual report 2025A · The company itself

“Valuuttojen transaktioriski johtuu Stora Enson tuotantolaitosten maantieteellisestä sijainnista ympäri maailmaa sekä raaka-ainehankinnoista ja lopputuotteiden myynnistä vieraassa valuutassa tuotantolaitosten kotivaluuttaan nähden. Tärkeimmät valuutat näissä tapauksissa ovat Yhdysvaltain dollari, Ison-Britannian punta sekä Ruotsin kruunu.”

Annual report 2025A · The company itself

“Valutabevegelser mellom norsk og svensk krone påvirker rapportert balanse og resultat i SPP på et konsolidert nivå, og valutabevegelser mellom norsk krone og internasjonale valutaer påvirker forvaltningskapitalen.”

Annual report 2024A · The company itself

“Affärsområdet var fortsatt påverkat av negativ valutautveckling då majoriteten av försäljningen sker i svenska och norska kronor samt i brittiska pund, medan inköp sker i dollar och euro.”

Annual report 2024A · The company itself

“The Company has currently only identified currency risks as relevant for the Company due to the limited ongoing business operations of Strategic Partners A/S. Financial risks may arise from changes in exchange rates and changes in stock prices. The Company are mostly exposed to foreign exchange movements relating to USD and EUR.”

Annual report 2025A · The company itself

“I Handelsbankens verksamhet uppstår marknadsrisker i bankboken primärt till följd av ränte- och valutapositioner, som uppstår i bankens in- och utlåningsverksamhet.”

Annual report 2024A · The company itself

“Då banken har utlåning i flera olika valutor, uppkommer en valutaexponering av strukturell natur då koncernens räkenskaper är uttryckta i svenska kronor.”

Annual report 2024A · The company itself

“Bankens polska verksamhet har en portfölj av bolån som är utställda i schweizerfranc respektive euro, vilken uppgick till ca 100 mkr vid årets utgång. Det föreligger en osäkerhet i polsk rätt avseende tillämpningen av olika kreditvillkor som involverar utländsk valuta. Nämnda rättsutveckling kan leda till att vissa avtalsvillkor i bankens polska verksamhet inte kan tillämpas såsom avsett och att vissa kunder ska ersättas.”

Annual report 2024A · The company itself

“A weakening U.S. dollar relative to other currencies increases expenses of our foreign subsidiaries when they are translated into U.S. dollars in our consolidated statements of income. Likewise, a strengthening U.S. dollar relative to other currencies, including the renminbi or Yen, reduces revenue of our foreign subsidiaries upon translation and consolidation.”

Annual report 2025A · The company itself

“Synsam är exponerad mot samtliga valutor på den nordiska marknaden där verksamhet förekommer. Detta är en följd av att kursfluktuationer påverkar det omräknade resultatet samt tillgångar och skulder i balansräkningen för de norska, danska och finska dotterföretagen.”

Annual report 2024A · The company itself

“Our largest currency exposures are with Canadian dollars, British pound sterling and Euro currencies.”

Annual report 2026A · The company itself

“Many of our international sales are made in local currencies, which could fluctuate against the dollar. While we may use forward exchange contracts to a limited extent to seek to mitigate foreign currency risk, our operating results could be adversely affected by unfavorable foreign currency fluctuations.”

Annual report 2026A · The company itself

“Exchange rate fluctuations may have an impact on the Group’s earnings and valuation of assets.”

Annual report 2025A · The company itself

“Currency risks Transaction exposure occurs when sales and costs are in different currencies. Exchange rate fluctuations may have an impact on the Group’s earnings and valuation of assets.”

Annual report 2025A · The company itself

“In terms of invoicing sales in NOK, the Group applies a hedging strategy to limit the impact of currency fluctuations for up to six months ahead.”

Annual report 2025A · The company itself

“Merkittävimmät altistukset liittyvät Yhdysvaltain dollariin ja Kiinan renminbiin suhteessa euroon.”

Annual report 2025A · The company itself

“Pääosa konsernin liikevaihdosta on Euro-määräistä, USD:n osuus on noin 19%, Englannin punnan osuus on noin 6%, PLN:n osuus noin 8%, Ruotsin ja Norjan kruunujen osuus liikevaihdosta on yhteensä noin 3%.”

Annual report 2025A · The company itself

“QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Foreign Currency Risk We transact business globally in multiple currencies and hence have foreign currency risks related to our revenue, costs of revenue and operating expenses denominated in currencies other than the U.S. dollar (primarily the Chinese yuan and euro in relation to our current year operations). In general, we are a net receiver of currencies other than the U.S. dollar for our foreign subsidiaries. Accordingly, changes in exchange rates affect our operating results as expressed in U.S. dollars as we do not typically hedge foreign currency risk.”

Annual report 2025A · The company itself

“The decrease in segment income margin resulted primarily from the impacts of tariffs and related foreign exchange, strategic investments, and unfavorable business mix, partially offset by strong productivity improvements.”

Annual report 2025A · The company itself

“We are subject to various risks and uncertainties relating to international sales and operations, including: closing of borders by foreign countries to the import of beef, pork and poultry products due to animal disease or other perceived health or safety issues; the impact of currency exchange rate fluctuations between the United States dollar and foreign currencies, particularly the Brazilian real, the British pound sterling, the Canadian dollar, the Chinese renminbi, the European euro, the Malaysian ringgit, the Mexican peso and the Thai baht; political and economic conditions, including ongoing conflicts and political tensions; and difficulties and costs of complying with different legal, tax and regulatory requirements impacting exports and other international activities.”

Annual report 2025A · The company itself

“The Group makes use of financial derivatives to mitigate its currency exposure.”

Annual report 2024A · The company itself

“In addition, Grainger is exposed to foreign currency exchange rate risk with respect to the U.S. dollar relative to the local currencies of Grainger’s international subsidiaries, primarily the Japanese yen, Mexican peso, and Canadian dollar, arising from transactions in the normal course of business, such as sales and loans to wholly owned subsidiaries, sales to customers, purchases from suppliers, and bank loans and lines of credit denominated in foreign currencies.”

Annual report 2025A · The company itself

“Additionally, the majority of our international costs are denominated in local currencies and we anticipate that over time an increasing portion of our sales contracts may be outside the U.S. and will therefore be denominated in local currencies. Fluctuations in the value of foreign currencies, which may be amplified by macroeconomic events, may impact our operating results when translated into U.S. dollars.”

Annual report 2026A · The company itself

“For example, there are currently existing currency exchange controls and restrictions on the export of the renminbi, the currency of the PRC. Restrictions on the export of the renminbi may impede the flow of gaming customers from the PRC to Macau, inhibit the growth of gaming in Macau and negatively impact our Macau Operations.”

Annual report 2025A · The company itself

“Valutarisk Xbrane utsätts för en valutakursrisk då en stor del av kostnaderna är i andra valutor än svenska kronor, främst EURO, CHF och USD. Även framtida intäkter kommer huvudsakligen att vara i andra valutor.”

Annual report 2024A · The company itself

“Utvecklingen i NOK hade en negativ effekt på nettoomsättningen.”

Annual report 2024A · The company itself

“Revenue for 2025 was DKK 40.3 million (DKK 36.2 million), an increase of 11%, and at constant exchange rates a growth of 13%.”

Annual report 2025A · The company itself

“Nettoomsättningen uppgick till 8 194 (13 269) MSEK.”

Annual report 2024A · The company itself

“Foreign Currency Risk We transact business in foreign currencies other than the US dollar, primarily the British pound and the Canadian dollar, which exposes us to foreign currency exchange rate fluctuations. Revenue and expenses generated from our international operations are generally denominated in the local currencies of the corresponding countries.”

Annual report 2025A · The company itself

“Our most significant currency exposures are the British pound, Euro and Japanese yen.”

Annual report 2025A · The company itself

“In addition, our tax obligations and effective tax rates could be adversely affected, among other things, by (i) changes in the relevant tax, accounting and other laws, regulations, principles and interpretations, including increases in corporate tax rates and greater taxation of international income and changes relating to income tax nexus, (ii) recognizing tax losses or lower than anticipated earnings in jurisdictions where we have lower statutory rates and higher than anticipated earnings in jurisdictions where we have higher statutory rates, (iii) changes in foreign currency exchange rates, or (iv) changes in the valuation of our deferred tax assets and liabilities.”

Annual report 2026A · The company itself

“DNB gjorde utstedelser i SEK-, JPY-, NOK-, EUR-, USD- og CHF-markedene for totalt 121 milliarder kroner i 2024, sammenliknet med 101milliarder kroner i 2023.”

Annual report 2024A · The company itself

“Faldet i salget skyldes primært ophør af samarbejder i nogle af eksportmarkederne samt flad udvikling i andre egne markeder, ligesom salget i Ukraine fortsat er påvirket af krigen og negativ udvikling i valutaen.”

Annual report 2026A · The company itself

“Fremgangen kompenserede for den planlagte udfasning af private-label lavprisprodukter, hvorfor omsætning endte på niveau med sidste år, mens en styrkelse af den svenske valuta medførte en samlet stigning i omsætningen på 4 %.”

Annual report 2026A · The company itself

“GBP 28 AUD 18 JPY 11”

Annual report 2025A · The company itself

“Sensitivity analysis, impact on pre-tax profit/loss as at 31 Dec 2025 USD NOK GBP SEK CAD AUD PLN 117.8 63.2 88.2 113.5 5.7 -23.6 40.2 -144.0 -77.2 -107.8 -138.7 -7.0 28.8 -49.1 Sensitivity analysis, impact on pre-tax profit/loss as at 31 Dec 2024 USD NOK GBP SEK CAD AUD PLN 190.6 -19.8 24.1 61.1 49.2 -16.7 22.9 -233.0 24.3 -29.4 -74.7 -60.1 20.4 -28.0 Kempower is MORE Sustainability statement statement Financial statements Remuneration report ≡ 4.3 FINANCIAL ASSETS AND LIABILITIES The Company has classified the hierarchies of financial assets according to the availability of data on market terms and other price data.”

Annual report 2025A · The company itself

“Geographic Region Actual Currency Impact Favorable (Unfavorable) Actual Currency Impact Favorable (Unfavorable) Americas 7% — (7)% — Europe 2% 2 ppts (2)% 1 ppt Asia Pacific 11% — (14)% (1) ppt Total revenue 8% — (9)% — 37 Table of Contents Gross Margin, Operating Margin, and Income Before Taxes Gross margin decreased 1 percentage point in 2025 compared to 2024, primarily driven by the impact of tariffs and unfavorable mix, partially offset by favorable pricing, higher revenue volume, and lower restructuring costs.”

Annual report 2025A · The company itself

“Finansiella risker är relaterade till exponering mot fastighetsvärdering, ränta, likviditet och krediter samt övriga finansiella risker Risker relaterade till valutakurs Med valutarisk avses risken att valutakursförändringar har en negativ effekt på bolagets finansiella ställning, lönsamhet eller kassaflöde. Exponering för valutakursrisk förekommer vid köp av produkter eller tjänster i annan valuta än SEK, som är bolagets redovisningsvaluta.”

Annual report 2024A · The company itself

“Et forventet volumenfald fra tilbuds- og lokale ugeaviser i niveauet 6% for SDR. • Fuld automatiseret og standardiseret maskinel pakning i SDR • Øget omsætning fra nye værditilbud og ændret kundemiks i både FK og SDR. • Valutakurs SEK/DKK på 70,0 • En fortsættelse af den stabiliserede økonomiske udvikling fra 2025 og med voksende forbrugertillid til køb af forbrugsvarer og til leje af boliger. • Fortsat EBIT-forbedring i Dayli og Bekey gennem styrket markedsposition, nye værditilbud og driftsoptimering.”

Annual report 2025A · The company itself

“Andra finansiella risker Koncernen är exponerad för finansiella risker som ränterisker, likviditetsrisker, refinansieringsrisker, råvarurisker, valutarisker samt kreditrisker.”

Annual report 2024A · The company itself

“Major translation risk positions Net investments SEK NOK PLN 2025 0.5 0.7 - 2024 6.0 0.9 1.2 The net investment positions have been unhedged on each balance sheet date presented.”

Annual report 2025A · The company itself

“The U.K. government plans to migrate away from the Retail Price Index ("RPI"), to alternatives such as the Consumer Price Index including owner occupiers' housing costs, that may result in a lower measure of inflation and, in turn, have a negative impact on our lease revenue currently tied to RPI in the U.K.”

Annual report 2025A · The company itself

“SynActs inköp görs till övervägande del i valutorna SEK, DKK och EUR.”

Annual report 2024A · The company itself

“Hedge ratios in Asian currencies are more limited by local regulations and market capabilities, and would involve greater liquidity risk.”

Annual report 2024A · The company itself

“Intäkterna ökade till 8 163 MSEK (8 162) och på jämförbar bas ökade intäkterna med 0,1% drivet av lägre interna intäkter. Effekten av valutakursförändringar var negativ om 0,1%.”

Annual report 2024A · The company itself

“Valuuttariskit ovat vähäisiä, koska Trainers’ House toimii pääasiallisesti euromarkkinoilla.”

Annual report 2025A · The company itself