Oatly Group AB

The restructuring provisions are primarily related to exit costs for the closure of the production facility in Singapore in 2024. The remaining amounts relating to the closure of the facility are expected to be paid throughout 2026 and into the first quarter of 2027.

The Group has also recorded provisions related to organizational restructuring.

During the nine months ended September 30, 2026, the Group had $11.5 million in cash outflows relating to the closure of the production facility in Singapore, $2.6 million in cash outflows relating to organizational restructuring and $0.8 million in cash outflows relating to the strategic review of the Greater China business.

Note 21. Trade Payables

(1) Trade payables included $3.6 million (2025: $0 million) that the supplier has chosen to early-fund.

Note 22. Accrued Expenses

Note 23. Related Party Disclosures

Share-based Compensation to Related Parties

Information about share-based compensation to related parties is found in Note 6 Share-based Compensation.

Transactions With Related Parties

On April 18, 2023, the Company issued Convertible Notes to related parties, Nativus Company Limited and Verlinvest, with a fair value of $174.0 million. As of September 30, 2026, the fair value of the outstanding Convertible Notes to related parties amounted to $189.3 million. The Convertible Notes were issued with the terms and conditions described in Note 19 Interest-bearing Loans and Borrowings.

Note 24. Loss per Share

The Company calculates loss per share by dividing loss for the period attributable to the shareholders of the parent by the weighted average number of ordinary shares outstanding during the period (net of treasury shares).

Potential dilutive securities that were not included in the diluted loss per share calculations because they would be anti-dilutive were as follows:

(1) The number of potential dilutive shares from the Convertible Notes are calculated assuming the most advantageous conversion price from the standpoint of the holder and assuming all capitalized interest at maturity will be settled with shares or ADSs, and after considering the repurchases and cancellations of an aggregate amount of $42.9 million Convertible Notes that occurred on October 3, 2025. For further details on the Convertible Notes, the conversion price reset mechanism and the repurchases and cancellations, see Note 19 Interest-bearing Loans and Borrowings.

Note 25. Commitments and Contingencies

Commitments

Minimum Purchase Commitments

The Group has several supplier contracts primarily for production and packaging services where minimum purchase commitments exist in the contract terms. The commitments are associated with contracts that are enforceable and legally binding and that specify significant terms, including fixed or minimum services to be purchased and fixed, minimum or variable price provisions. For the nine months ended September 30, 2026, volume adjustments related to co-packer arrangements in Europe & International and North America resulted in volume shortfall expenses of $7.1 million. The shortfall expenses are presented in cost of goods sold in the consolidated statement of operations.

Leases

The future cash outflows relating to leases that have not yet commenced are disclosed in Note 11 Leases.