Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 36

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 36
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 |                         -Restated |         |     | -Restated |           |
| Sales of vehicles1                                |     |                                   | 888,652 |     |           | 1,208,791 |
| Sales of software and performance engineered kits |     |                                   |   7,891 |     |           |    11,419 |
| Sales of carbon credits                           |     |                                   |      40 |     |           |       532 |
| Vehicle leasing revenue                           |     |                                   |  11,566 |     |           |     7,493 |
| Other revenue                                     |     |                                   |   1,098 |     |           |     8,130 |
| Total                                             |     |                                 $ | 909,247 |     |         $ | 1,236,365 |

1 - Revenue related to sale of vehicles are inclusive of extended and connected services recognized over time.

For the six months ended June 30, 2024 and 2023, other revenue primarily consisted of license revenue generated from sales-based royalties received from Volvo Cars on sales of parts and accessories for Polestar vehicles, software performance upgrades and sale of technology to other related parties.

For the six months ended June 30, 2024 no sole customer, that is not a related party, exceeded 10% of total revenue. For the six months ended June 30, 2023, the Group’s largest customer that is not a related party accounted for $ 271,246( 22%) of revenue. Refer to Note 15—Related party transactions for further details on revenues from related parties.

Refund liabilities

For the six months ended June 30, 2024 and 2023, the Group reduced revenue by $ 98,991and $ 51,633for amounts related to variable consideration due to customers or service providers incentivizing contracts with customers, primarily in the form of volume related bonuses or discounts, residual value guarantees, and interest rate subvention schemes.

Contract liabilities

|                                             |     | Deferred revenue - extended service |         |     | Deferred revenue - connected service |        |     | Deferred revenue - operating leases & other |         |     | Total |         |
| Balance as of January 1, 2024               |     |                                     |  47,505 |     |                                      | 39,565 |     |                                             |  50,962 |     |       | 138,032 |
| Provided for during the period