Company: PLSAY
Filing Date: 2025-09-03
Form Type: 6-K
Source: 0001884082-25-000020
Chunk: 18

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-09-03
Form: 6-K
Chunk 18
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12,965 |

<div align='center'>F-20

Notes to the Unaudited Condensed Consolidated Financial Statements

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

The earn-out liability is presented in Non-current liabilities within the Unaudited Condensed Consolidated Statement of Financial Position to align with the expected timing of the underlying earn-out payments.

Risk management

As a result of its business and the global nature of its operations, Polestar Group is exposed to market risks, primarily from changes in foreign currency exchange rates and interest rate risk, credit risk and liquidity risk. As of June 30, 2025, there was no significant changes in the risks that the Group's is exposed or in its management of risk from December 31, 2024.

During the six months ended June 30, 2025 Polestar began discussions with the syndicate of lenders for its Club Loan (refer to Note 16 - Liabilities to credit institutions for further information) in relation to its covenants. Prior to June 30, 2025 the required majority of lenders agreed to amend the debt-to-asset ratio range for the calculation as of June 30, 2025. As a result, Polestar was in compliance with this covenant as of June 30, 2025. Subsequently, on July 9, 2025, the lenders agreed to amend the debt-to-asset ratio range for the calculation as of September 30, 2025 and December 31, 2025 as well as the minimum revenue requirement for the calendar year 2025.

Note 13 - Inventories

The Group's inventory primarily consisted of vehicles as follows:

|                                     |     |     | As of June 30, 2025 |     |     | As of December, 31, 2024 |
|:------------------------------------|:----|:----|--------------------:|:----|:----|-------------------------:|
| Work in progress                    |     |     |                  10 |     |     |                        — |
| Finished goods and goods for resale |     |     |             927,642 |     |     |                1,191,047 |
| Provision for impairment            |     |     |            -121,951 |     |     |                 -111,686 |
| Total                               |     |     |             805,701 |     |     |                1,079,361 |

Inventory costs recognized in Cost of sales during