A strong quarter and year for Arise!

CEO comment:
When summarising the fourth quarter, I can note that we continue to deliver good results. Income from the sale of the Fasikan project in combination with historically high income from our production means that all together, the quarter was very strong, with profit after tax of MSEK 77.

• Net sales for the quarter amounted to MSEK 191 (106).
• Operating profit before depreciation and amortisation (EBITDA) was MSEK 82 (52).
• Operating profit (EBIT) was MSEK 65 (37).
• Profit after tax totalled MSEK 77 (36) and earnings per share amounted to SEK 1.81 (0.80).
• Operating cash flow was MSEK 180 (0) and cash flow after investments amounted to MSEK 123

• Production generated 88 GWh (79) of green electricity with an average income of SEK 727 per MWh (857).
• The project portfolio increased by more than 1,000 MW during the quarter.

• Net sales for the period amounted to MSEK 503 (1,164).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 286 (851).
• Operating profit (EBIT) totalled MSEK 223 (790).
• Profit after tax totalled MSEK 200 (772) and earnings per share was SEK 4.65 (18.60).
• Operating cash flow was MSEK 222 (926) and cash flow after investments amounted to MSEK -316 (621).
• Production generated 288 GWh (292) of green electricity with an average income of SEK 829 per MWh (720).
• The project portfolio increased by more than 4,200 MW during the year.
• The Board proposes a dividend of SEK 1.20 (1.00) per share.

Selected key figures     12m 2023   12m 2022
-          Net sales, MSEK     503   1,164
-          EBITDA, MSEK     286   851
-          Earnings per share, SEK     4.65   18.60
-          Adjusted equity per share, SEK     58   61
-          Equity/assets ratio, %     58   55
-          Project portfolio, MW     ~6,900   ~2,600

• The wind farm project Fasikan was divested in October 2023 to SCA. The total purchase price amounted to approximately MSEK 125, which also includes a variable portion that is dependent on how construction of the project progresses in relation to budget.
• Arise entered into a partnership agreement with SCA in October 2023. Arise and SCA will cooperate in the development of wind power in six identified land areas. The estimated total potential amounts to approximately 1,000 MW and the projects are included in Arise's project portfolio as early-stage projects. Arise will have a 49% ownership in the projects once they reach ready-to-build status.
• In November, Arise announced that the Board had resolved to utilise the authorisation granted by the Annual General Meeting in May 2023 to repurchase the Company's own shares corresponding to an amount of up to SEK 100 million ahead of the Annual General Meeting in 2024. During the quarter, a total of 564,908 own shares were repurchased for SEK 23,6 million.
• Karmen Bergholcs was appointed General Counsel. She took up her role on 15 January 2024 when she also joined Group Management.
• In December 2023 Arise acquired 70% of the Norwegian company Fenix Repower AS, a developer of solar, onshore wind and storage projects in Norway and Ukraine.

Halmstad, 15 February 2024

Arise AB (publ)

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46702409 902

Markus Larsson, CFO Arise AB, +46735321776

This information is such information as Arise AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 15 February, 2024.

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About Arise
Arise is a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on Nasdaq Stockholm.

Arise AB (publ), Box 808, 301 18 Halmstad, tel. +46 10 450 71 00, org.nr. 556274-6726, E-mail: info@arise.se,www.arise.se