Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 120

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 120
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 |               |    -21,168 |     |                           | -3,615,187 |     |                              |  25,639 |     |                     | 4,861,707 |     |       | 1,250,991 |

<div align='center'>F-9

Polestar Automotive Holding UK PLC

Consolidated Statement of Cash Flows

(in thousands of U.S. dollars unless otherwise stated)</div>

|                                                                                                      |     | For the year ended December 31, | Note |               |             |       2023 |     |             |       2022 |     |             |     2021 |
|:-----------------------------------------------------------------------------------------------------|:----|:--------------------------------|:-----|--------------:|:------------|-----------:|:----|:------------|-----------:|:----|:------------|---------:|
|                                                                                                      |     |                                 |      |               | (Restated)1 |            |     | (Restated)1 |            |     | (Restated)1 |          |
| Cash flows from operating activities                                                                 |     |                                 |      |               |             |            |     |             |            |     |             |          |
| Net loss                                                                                             |     |                                 |      |               |             | -1,181,875 |     |             |   -479,017 |     |             | -969,808 |
| Adjustments to reconcile net loss to net cash flows:                                                 |     |                                 |      |               |             |            |     |             |            |     |             |          |
| Depreciation and amortization expense                                                                |     |                                 |      |             6 |             |    115,445 |     |             |    140,806 |     |             |  211,579 |
| Warranty provisions                                                                                  |     |                                 |      |            23 |             |     66,158 |     |             |     91,245 |     |             |   55,822 |
| Impairment of inventory                                                                              |     |                                 |      |         6, 20 |             |    146,550 |     |             |     14,830 |     |             |   30,782 |
| Impairment of property, plant, and equipment, vehicles under operating leases, and intangible assets |     |                                 |      | 6, 12, 15, 16 |             |