Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 121

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 121
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 |      |        18, 22 |             |          — |     |             |  1,417,973 |     |             |  582,388 |
| Repayments of borrowings                                                                             |     |                                 |      |    25, 26, 27 |             | -2,553,008 |     |             | -1,436,416 |     |             | -411,950 |
| Repayments of lease liabilities                                                                      |     |                                 |      |        12, 26 |             |    -21,916 |     |             |    -19,448 |     |             |   -8,913 |

<div align='center'>F-10</div>

| Transaction costs                                                    |     | 18 |     |         — |     | -38,903 |           |     |       — |
| Cash provided by financing activities                                |     |    |     | 2,104,361 |     |         | 2,074,161 |     | 918,718 |
| Effect of foreign exchange rate changes on cash and cash equivalents |     |  3 |     |     1,486 |     |         |   -66,966 |     | -27,478 |
| Net (decrease) increase in cash and cash equivalents                 |     |    |     |  -205,613 |     |         |   217,200 |     | 440,253 |
| Cash and cash equivalents at the beginning of the period             |     |    |     |   973,877 |     |         |   756,677 |     | 316,424 |
| Cash and cash equivalents at the end of the period                   |     |    |     |   768,264 |     |         |   973,877 |     | 756,677 |

1 - Refer to Note 31 - Restatement of financial statements f or reconciliations between previously reported and as revised annual amounts.

<div align='center'>F-11

Notes to the Consolidated Financial Statements

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

Note 1 - Overview and basis of preparation

General information

Polestar Automotive Holding UK PLC (the “Parent”), together with its subsidiaries, hereafter referred to as “Polestar,” “Polestar Group” and the “Group,” is a limited company incorporated in the United Kingdom. Polestar Group