STENA AB issues further preliminary trading and capitalization update for full year 2024 and liquidity and capitalization update as of year-end 2024

Gothenburg, Sweden, March 10, 2025 – Stena AB (the “Company”) one of the largest privately owned companies in Sweden, hereby issues a preliminary trading and capitalization update.

Based upon preliminary, estimated, unaudited financial information, the Company believes that its total revenue for the full year 2024 will be approximately SEK 55.7 billion (approximately $5.0 billion) and its EBITDA for 2024 will be approximately SEK 14.5 billion (approximately $1.3 billion). The preliminary, estimated total revenue and EBITDA for the full year 2024 reflect continued stable business performance in the year since the third quarter of 2024.

The Company has a strong liquidity position. Based upon preliminary, estimated, unaudited financial information, the Company estimates that as of December 31, 2024, it had a total available liquidity of approximately SEK 17.8 billion ($1.6 billion), comprising cash on balance sheet, short term investments, marketable securities and unutilized credit facilities. The Company further estimates that based upon preliminary, estimated, unaudited financial information, as of December 31, 2024, it had total secured debt of approximately SEK 74.5 billion ($6.7 billion), total debt of approximately SEK 80.7 billion ($7.3 billion), net debt of approximately SEK 72.6 billion ($6.6 billion), and net debt of the restricted group under its bonds indentures of  approximately SEK 44.6 billion ($4.0 billion).

The preliminary estimated EBITDA and total revenue for 2024 and estimated liquidity, total secured debt, total debt, net debt and  net debt of the restricted group as of December 31, 2024 are estimates based on currently available information, and the financial results as of and for the year ended December 31, 2024 are not finalized. The translations of SEK amounts into U.S. dollars for these measures for the year ended and as of December 31, 2024 have been made at an exchange rate of $1.00 = SEK 11.0713, the Bloomberg Closing Rate on December 31, 2024. The Company does not intend to update or otherwise revise these estimates to reflect future events and does not intend to disclose publicly whether its actual results and capitalization will vary from its estimates other than through the release of actual results in the ordinary course of business. No independent public accounting firm has compiled, examined or performed any procedures with respect to the anticipated financial information contained above, nor have they expressed any opinion or other form of assurance on such information or its achievability. The preliminary results are also subject to audit, and as such are subject to change.

****

About Stena AB

Stena AB is one of the largest privately owned companies in Sweden. Stena AB owns and operates one of the world’s largest international passenger and freight ferry services and owns, charters and operates offshore drilling units, drilling rigs, crude oil and petroleum product tankers, LNG carriers and Roll on/Roll off vessels. Stena AB also invests in and manages residential and commercial real estate, principally in Sweden and has investments in other businesses not related to our traditional lines of business.

Forward-Looking Statements

The press release includes forward-looking statements within the meaning of applicable securities laws, including preliminary, estimated total revenue and EBITDA for 2024 and expected liquidity, total secured debt, total debt, net debt and net debt of the restricted group as of December 31, 2024. These forward-looking statements reflect the Company’s current view and are subject to change including as a result of the completion of the audit for the full year 2024. Forward-looking statements reflect knowledge and information available at, and speak only as of, the date they are made, and the Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this press release. Readers are cautioned not to place undue reliance on such forward-looking statements.

Investor and Media Contact:

Peter Claesson
peter.claesson@stena.com
+46 704 855 144