Company: PLSAY
Filing Date: 2025-07-01
Form Type: 6-K/A
Source: 0001884082-25-000014
Chunk: 23

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-07-01
Form: 6-K/A
Chunk 23
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 adjusted for certain income and expenses which are significant in nature and that management considers not reflective of ongoing operational activities. This measure is reviewed by management and is a relevant measure for understanding the underlying operating results and trends of the business prior to the impact of any adjusting items.

Adjusted Net Loss

Adjusted net loss is calculated as Net loss, adjusted to exclude Fair value change - Earn-out rights, Fair value change - Class C Shares. This measure represents Net loss, adjusted for certain income and expenses which are significant in nature and that management considers not reflective of ongoing operational activities. This measure is reviewed by management and is a relevant measure for understanding the underlying performance of Polestar's core business operations.

Adjusted Free Cash Flow

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Adjusted free cash flow is calculated as Cash used for operating activities, adjusted to exclude cash flows used for property, plant and equipment and intangible assets. This measure is reviewed by management and is a relevant measure for understanding cash sourced from operating activities that is available to repay debts, fund capital expenditures, and spend on other strategic initiatives.

### Reconciliation of GAAP and Non-GAAP Results
All figures presented in the tables below are in thousands of U.S. dollars unless otherwise stated. Additionally, certain figures for the six months ended June 30, 2023 and June 30, 2024 have been restated. Refer to Note 18 - Restatement of prior period unaudited interim financial statements for details.

Adjusted EBITDA

|                                       |     | For the six months ended June 30, |     |          |           |     |          |
|                                       |     |                              2024 |     |          |      2023 |     |          |
|                                       |     |                         -Restated |     |          | -Restated |     |          |
| Net loss                              |     |                                   |     | -543,878 |           |     | -341,543 |
| Fair value change - Earn-out rights   |     |                                   |     | -139,638 |           |     | -232,995 |
| Fair value change - Class C Shares    |     |                                   |     |   -2,500 |           |     |  -10,750 |
| Interest income                       |     |                                   |     |   -5,606 |           |     |  -12,489 |
| Interest expense                      |     |                                   |     |  163,065 |           |     |   76,176