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Share-based payments (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Explanation of effect of share-based payments on entity's profit or loss

The following table presents share-based payment costs, inclusive of social security charges,

recognized in 2025, 2024 and 2023 in the consolidated statements of profit or loss:

		Year Ended December 31,
		2025		2024		2023
Employee restricted share unit program ....................................................		$(75)		$(40)		$(18)
Business acquisition-related awards ...........................................................		—		(2)		(4)
Share warrants and share options ................................................................		(72)		(45)		(22)
Direct share issuance ......................................................................................		(10)		(7)		—
Share-based payment costs ............................................................................		$(157)		$(94)		$(44)
less: amounts recognized as reduction of revenue ..................................		$1		1		1
Share-based payments expense .....................................................................		$(156)		$(93)		$(43)

Disclosure of number and weighted average exercise prices of other equity instruments

The table below includes additional details regarding RSUs, share warrants and options, issued by

Klarna Group plc as of, and for the year ended, December 31, 2025.  The increase in instruments

outstanding during 2025 reflects the establishment of the Company's post-IPO equity incentive framework,

including the Omnibus Incentive Plan, the Klarna Group plc RSU Program, and the C Share Awards Plan,

each as described in Item 6. The Class C share options column relates exclusively to awards granted to Mr.

Siemiatkowski:

	Klarna Group plc RSU program				Share warrants and options issued by Klarna Group plc				Share options to acquire C Class shares issued by Klarna Group plc
	Number		Weighted average fair value at grant		Number		Weighted average exercise price1		Number2		Weighted average exercise price
January 1, 2023 .......................	—		$—		—		$—		—		$—
Granted during the year ......	—		—		—		—		—		—
Exercised during the year ...	—		—		—		—		—		—
Forfeited during the year ....	—		—		—		—		—		—
December 31, 2023 .................	—		$—		—		$—		—		$—
Granted during the year ......	—		—		6,100,140		46.0		—		—
Exercised during the year ...	—		—		—		—		—		—
Forfeited during the year ....	—		—		—		—		—		—
December 31, 2024 .................	—		$—		6,100,140		$46.0		—		$—
Granted during the year ......	1,026,951		34.2		24,909,751		57.0		17,505,672		45.9
Exercised during the year ...	—		—		(2,400,000)		—		—		—
Amended during the year3 ..	—		—		(1,477,164)		38.2		2,941,236		19.1
Forfeited during the year ....	(28,044)		34.0		—		—		—		—
December 31, 2025 .................	998,907		$34.2		27,132,727		$60.6		20,446,908		$42.0

____________

1  Where share options were granted in SEK, the input has been converted to USD using the average exchange rate for the period

for presentation purposes.

2  two Class C share options entitle the recipient to acquire, at the recipient's election, either one ordinary share or two Class C

shares on exercise. Weighted average exercise prices for Class C share options are expressed per Class C share; the equivalent

exercise price expressed per ordinary share is double the figures shown. All Class C share options outstanding as of December 31,

2025 were granted exclusively to Mr. Siemiatkowski under the C Share Awards Plan described in Item 6.

3 In 2025, the terms of 1,477,164 share options originally granted to Mr. Siemiatkowski in the fourth quarter of 2024 were

amended to allow such options to be exercised into 2,941,236 Class C shares (or 1,470,618 ordinary shares), reflecting the conversion

ratio under which two Class C share options correspond to one ordinary share. The amendment did not reduce the exercise price of

the underlying award; the weighted average exercise price of $19.1 per Class C share shown above is equivalent to $38.2 per ordinary

share, consistent with the original grant terms. The modification did not result  in an incremental share-based payment charge.

The table below includes additional details regarding RSUs and share warrants, issued by a subsidiary

of Klarna Group plc, as of, and for the year ended, December 31, 2025:

	Legacy RSU program				Share warrants issued by a subsidiary of  Klarna Group plc
	Number		Weighted average fair value at grant1		Number		Weighted average exercise price2
January 1, 2023 ......................................................................	7,988,295		$6.0		1,933,083		$515.0
Granted during the year .....................................................	7,081,803		4.2		1,102,024		578.0
Released during the year ...................................................	(2,411,162)		6.3		—		—
Exercised during the year ..................................................	—		—		(65,346)		76.0
Forfeited during the year ...................................................	(2,450,832)		5.1		(417,518)		226.0
December 31, 2023 ...............................................................	10,208,104		$4.9		2,552,243		$538.0
Granted during the year .....................................................	22,659,832		4.4		360,590		515.0
Released during the year ...................................................	(3,164,977)		5.3		—		—
Exercised during the year ..................................................	—		—		(126,580)		162.0
Forfeited during the year ...................................................	(3,291,313)		4.7		(278,719)		505.0
December 31, 2024 ...............................................................	26,411,646		$4.5		2,507,534		$543.0
Granted during the year .....................................................	123,335		10.1		—		—
Released during the year ...................................................	(8,225,629)		5.3		—		—
Exercised during the year ..................................................	—		—		(90,000)		231.0
Repurchased during the year ...........................................	—		—		(105,646)		441.0
Amended during the year ..................................................	—		—		—		—
Forfeited during the year ...................................................	(3,712,137)		5.0		(84,367)		631.0
December 31, 2025 ...............................................................	14,597,215		$5.1		2,227,521		$605.0
Equivalent of Klarna Group plc Shares	3,649,304		$20.4		26,730,252		$50.4

____________

1  Legacy RSUs granted in SEK have been converted to USD using the average exchange rate for each period for presentation

purposes.

2  Where share warrants were granted in SEK, the input has been converted to USD using the average exchange rate for the

period for presentation purposes.

Disclosure of number and weighted average exercise prices of share options

The table below includes additional details regarding RSUs, share warrants and options, issued by

Klarna Group plc as of, and for the year ended, December 31, 2025.  The increase in instruments

outstanding during 2025 reflects the establishment of the Company's post-IPO equity incentive framework,

including the Omnibus Incentive Plan, the Klarna Group plc RSU Program, and the C Share Awards Plan,

each as described in Item 6. The Class C share options column relates exclusively to awards granted to Mr.

Siemiatkowski:

	Klarna Group plc RSU program				Share warrants and options issued by Klarna Group plc				Share options to acquire C Class shares issued by Klarna Group plc
	Number		Weighted average fair value at grant		Number		Weighted average exercise price1		Number2		Weighted average exercise price
January 1, 2023 .......................	—		$—		—		$—		—		$—
Granted during the year ......	—		—		—		—		—		—
Exercised during the year ...	—		—		—		—		—		—
Forfeited during the year ....	—		—		—		—		—		—
December 31, 2023 .................	—		$—		—		$—		—		$—
Granted during the year ......	—		—		6,100,140		46.0		—		—
Exercised during the year ...	—		—		—		—		—		—
Forfeited during the year ....	—		—		—		—		—		—
December 31, 2024 .................	—		$—		6,100,140		$46.0		—		$—
Granted during the year ......	1,026,951		34.2		24,909,751		57.0		17,505,672		45.9
Exercised during the year ...	—		—		(2,400,000)		—		—		—
Amended during the year3 ..	—		—		(1,477,164)		38.2		2,941,236		19.1
Forfeited during the year ....	(28,044)		34.0		—		—		—		—
December 31, 2025 .................	998,907		$34.2		27,132,727		$60.6		20,446,908		$42.0

____________

1  Where share options were granted in SEK, the input has been converted to USD using the average exchange rate for the period

for presentation purposes.

2  two Class C share options entitle the recipient to acquire, at the recipient's election, either one ordinary share or two Class C

shares on exercise. Weighted average exercise prices for Class C share options are expressed per Class C share; the equivalent

exercise price expressed per ordinary share is double the figures shown. All Class C share options outstanding as of December 31,

2025 were granted exclusively to Mr. Siemiatkowski under the C Share Awards Plan described in Item 6.

3 In 2025, the terms of 1,477,164 share options originally granted to Mr. Siemiatkowski in the fourth quarter of 2024 were

amended to allow such options to be exercised into 2,941,236 Class C shares (or 1,470,618 ordinary shares), reflecting the conversion

ratio under which two Class C share options correspond to one ordinary share. The amendment did not reduce the exercise price of

the underlying award; the weighted average exercise price of $19.1 per Class C share shown above is equivalent to $38.2 per ordinary

share, consistent with the original grant terms. The modification did not result  in an incremental share-based payment charge.

The table below includes additional details regarding RSUs and share warrants, issued by a subsidiary

of Klarna Group plc, as of, and for the year ended, December 31, 2025:

	Legacy RSU program				Share warrants issued by a subsidiary of  Klarna Group plc
	Number		Weighted average fair value at grant1		Number		Weighted average exercise price2
January 1, 2023 ......................................................................	7,988,295		$6.0		1,933,083		$515.0
Granted during the year .....................................................	7,081,803		4.2		1,102,024		578.0
Released during the year ...................................................	(2,411,162)		6.3		—		—
Exercised during the year ..................................................	—		—		(65,346)		76.0
Forfeited during the year ...................................................	(2,450,832)		5.1		(417,518)		226.0
December 31, 2023 ...............................................................	10,208,104		$4.9		2,552,243		$538.0
Granted during the year .....................................................	22,659,832		4.4		360,590		515.0
Released during the year ...................................................	(3,164,977)		5.3		—		—
Exercised during the year ..................................................	—		—		(126,580)		162.0
Forfeited during the year ...................................................	(3,291,313)		4.7		(278,719)		505.0
December 31, 2024 ...............................................................	26,411,646		$4.5		2,507,534		$543.0
Granted during the year .....................................................	123,335		10.1		—		—
Released during the year ...................................................	(8,225,629)		5.3		—		—
Exercised during the year ..................................................	—		—		(90,000)		231.0
Repurchased during the year ...........................................	—		—		(105,646)		441.0
Amended during the year ..................................................	—		—		—		—
Forfeited during the year ...................................................	(3,712,137)		5.0		(84,367)		631.0
December 31, 2025 ...............................................................	14,597,215		$5.1		2,227,521		$605.0
Equivalent of Klarna Group plc Shares	3,649,304		$20.4		26,730,252		$50.4

____________

1  Legacy RSUs granted in SEK have been converted to USD using the average exchange rate for each period for presentation

purposes.

2  Where share warrants were granted in SEK, the input has been converted to USD using the average exchange rate for the

period for presentation purposes.

Disclosure of indirect measurement of fair value of goods or services received, share options granted during period

The inputs used

within the model for the share warrants and options granted were:

	Share warrants and share options
	2025		2024		2023
Expected volatility (%) .......................................................................................	37% - 38%		37%		35% - 37%
Risk-free interest rate (%) ................................................................................	3.6% - 4.4%		2.0% - 2.8%		2.6% - 3.3%
Expected term (years) .......................................................................................	4.5 - 5.5		2.9 - 4.5		2.8 - 5.3
Weighted average share price for instruments issued by subsidiary of Klarna Group plc (in USD)1 ................................................................................	N/A		337		216
Weighted average share price for instruments issued by Klarna Group plc (in USD) ..............................................................................................	40		34		N/A

____________

1  Where share warrants in 2025, 2024 and 2023 were granted in SEK, the input has been converted to USD using the average

exchange rate for the year for presentation purposes.

X

- Definition

The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2025-01-01
-Paragraph 47
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2025-en-r&anchor=para_47_a&doctype=Standard
-URIDate 2025-03-27

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X

- Definition

The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 2
-IssueDate 2025-01-01
-Paragraph 45
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2025-en-r&anchor=para_45&doctype=Standard
-URIDate 2025-03-27

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X

- Definition

The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2025-01-01
-Paragraph 45
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2025-en-r&anchor=para_45_b&doctype=Standard
-URIDate 2025-03-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Note Effective 2027-01-01
-Name IFRS
-Number 19
-IssueDate 2025-01-01
-Paragraph 31
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_31_b&doctype=Standard
-URIDate 2025-03-27

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Note Effective 2027-01-01
-Name IFRS
-Number 19
-IssueDate 2025-01-01
-Paragraph 31
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_31_b&doctype=Standard
-URIDate 2025-03-27

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- References

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X

- Definition

The explanation that enables users of financial statements to understand the effect of share-based payment transactions on the entity's profit (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2025-01-01
-Paragraph 50
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2025-en-r&anchor=para_50&doctype=Standard
-URIDate 2025-03-27

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