Divestitures

12 Months Ended

Dec. 31, 2025

There were no divestitures in 2025.

On October 1, 2024, the Group completed the divestment of Klarna Checkout (“KCO”), its online

checkout solution, to a consortium of investors. This transaction allows Klarna to focus on its flexible

payment methods and partner more closely with payment service providers.

KCO was a shopping solution providing consumers and merchants with a personalized shopping

experience. KCO provided several different payment options as well as Klarna’s proprietary products and

other offerings from, or supported by, third-party payment option providers. KCO had approximately 24

thousand merchants.

The Group received cash proceeds of $195 million and recognized a net gain of $171 million within

other income in our statements of profit and loss as a result of the sale in 2024.

In addition, further cash proceeds up to a maximum of $28 million may be receivable contingent upon

the disposed operation achieving certain performance criteria in 2026 and 2027. At the time of the sale

and through December 31, 2025, Klarna had not recognized any contingent consideration.


		October 1, 2024
Consideration received or receivable: ......................................................................................................................
Cash ...............................................................................................................................................................................		$195
Fair value of contingent consideration ...................................................................................................................		—
Less: transaction costs ..............................................................................................................................................		(4)
Total disposal consideration ......................................................................................................................................		191
Carrying amount of net assets sold .........................................................................................................................		(20)
Gain on sale before income tax and reclassification of foreign currency translation reserve ..........................		171
Gain on sale after income tax .....................................................................................................................................		$171

The carrying amounts of net assets sold primarily consisted of goodwill of $20 million allocated to KCO

using a relative value approach, settlement and trade receivables of $4 million, other assets of $1 million,

cash and cash equivalents of $8 million, accounts payable and accrued expenses related to payment fees,

payroll, social charges among others of $2 million, payables to merchants of $56 million and other

liabilities of $4 million. In connection with the disposal, the former eliminated intercompany receivables

became external, impacting the consolidated financial net assets by $49 million.

Klarna determined that the operation of KCO did not meet the criteria to be classified as discontinued

operations under IFRS as it was not a major business line or a geographic area of operations and KCO’s

operations or cash flows have historically not been clearly distinguishable.