Interim report
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INTERIM REPORT Q2 2026 CANCOM
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2KEY FIGURES Key figures CANCOM Group In € million H1 2026 H1 2025 Revenue 775.9 803.8 - 3.5 % Gross profit 343.3 336.0 + 2.2 % EBITDA 49.2 36.7 + 34.1 % EBITDA margin 6.3 % 4.6 % + 1.7 Pp EBITA 21.5 10.2 + 110.8 % EBIT 17.8 5.6 + 217.9 % Employees 5,216 5,448 - 4.3 % In € million 30.6.2026 31.12.2025 Balance sheet total 1,309.9 1,444.9 - 9.3 % Equity 485.1 545.4 - 11.1 % Equity ratio 37.0 % 37.7 % - 0.7 Pp Cash and cash equivalents 21.5 198.9 - 89.2 % SEGMENT GERMANY In € million H1 2026 H1 2025 Revenue 500.7 499.6 + 0.2 % EBITDA 30.6 13.7 + 123.4 % EBITDA margin 6.1 % 2.7 % + 3.4 Pp SEGMENT INTERNATIONAL In € million H1 2026 H1 2025 Revenue 275.2 304.2 - 9.5 % EBITDA 18.6 23.0 - 19.1 % EBITDA margin 6.8 % 7.6 % - 0.8 Pp
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3TABLE OF CONTENTS Table of content 4 To our shareholders 5 Interim Group Management Report of CANCOM SE 5 Foundation of the Group 7 Economic report 12 Risks and opportunities relating to future development 12 Forecast report 15 Consolidated Financial Statements 15 Consolidated balance sheet 17 Consolidated statement of comprehensive income 19 Consolidated Cash Flow Statement 20 Consolidated Statement of Changes in Equity 21 Notes to the Consolidated Financial Statements 34 Responsibility Statement
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4TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES To our shareholders “The first half of 2026 was, overall, characterised by delayed investment decisions on the part of our customers. The need for investment among businesses and public sector clients remains unchanged; however, investment projects are being implemented with longer lead times, higher prioritisation and greater caution. This had a particular impact on demand for IT hardware, which developed weaker than expected and shaped our business performance. Against this backdrop, we are not entirely satisfied with our performance in the first half of the year. Our commitment remains unchanged: to continue developing the CANCOM Group in a profitable and sustainable manner. Our two business segments performed differently. Whilst the ‘Germany’ segment was able to continue its positive revenue trend, the ‘International’ segment remained below the previous year’s level. At the same time, we succeeded in significantly increasing our operating profitability. Higher gross profit, rigorous cost control and the lasting effects of the measures introduced last year strengthened the profitability of our business, even under challenging market conditions. The long-term growth drivers of our market remain intact. Our customers’ need to modernise their IT landscapes, make productive use of artificial intelligence (AI), strengthen their digital resilience and expand their technological sovereignty continues unabated. Even though investment decisions are currently being postponed in many cases, these issues remain of great strategic importance. Against this backdrop, we look forward to the second half of the year with confidence. Our strategic direction is clear, and our focus remains firmly on sustainable profitability and long-term growth. We are convinced that our technological expertise and the commitment of our staff create the right conditions for us to continue supporting our customers as a reliable partner in their digital evolution.” Rüdiger Rath CEO
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5TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES FOUNDATION OF THE GROUP The CANCOM Group (hereinafter “CANCOM” or “CANCOM Group”) is one of the leading digital business providers and AI enablers in the DACH region. Here, the emphasis is on defined focus areas, in particular AI solutions, digital resilience and the modern workplace. In addition to its activities in the core markets of Germany and Austria, the Group has major subsidiaries or branches in Switzerland, Slovakia, the Czech Republic, Romania and Belgium. Structure of the CANCOM Group The parent company of the CANCOM Group is CANCOM SE, based in Munich, Germany. It performs central finance and management functions for all Group companies in Germany. Alongside the parent company’s central management and finance functions, the operational units are supported in their day-to-day business by centralised departments for procurement, internal IT, warehousing/ logistics, finance, vehicle and travel management, repairs/service and human resources (‘Central Services’), as well as marketing/ communications and product management. In addition, the operational units have access to a specialised internal sales team (‘Competence Centre’) that operates across the organisation. In addition to these centralised functions, CANCOM is primarily organised on a decentralised basis within its operational units and operates mainly through units structured by region. In Germany, the organisation comprises the regional units South, South-West, Central, North, East and West, as well as offices in Slovakia and Belgium. In addition, there are the supra-regional business units Managed Services, Public and Unified Commerce. In Austria, the CANCOM Group is represented by the CANCOM Austria Group, which is based in Vienna. Furthermore, the company has major branches and subsidiaries in the Czech Republic, Romania and Switzerland. In its financial reporting, the CANCOM Group reports on its operational performance through two business segments – ‘Germany’ and ‘International’ – in addition to the Group-wide overview. Reportable segments All companies within the CANCOM Group that are based in Germany form the ‘Germany’ business segment. All companies within the CANCOM Group that are based outside Germany are grouped under the ‘International’ business segment. The companies allocated to each business segment are set out in the statement of ownership interests in the 2025 IFRS consolidated financial statements.. Business model and sales markets CANCOM’s range of products and services is geared towards advising and supporting corporate clients, organisations and public sector clients in adapting their IT infrastructures and processes to the requirements of digitalisation. In doing so, CANCOM acts as a vendor-neutral provider of end-to-end solutions and sees itself as a leading digital business provider and AI enabler for its clients. The CANCOM Group’s offering comprises innovative solutions in the areas of Artificial Intelligence, Security & Network, Datacentre & Cloud, IoT Solutions, Modern Workplace and Enterprise Applications, and includes services covering the entire IT lifecycle – from the provision of IT infrastructures, through planning and integration, to support, managed services and X-as-a-Service. This broad range of products and services enables the CANCOM Group to generate revenue both from its own capabilities and services (service business) and from fees and commissions for the sale of third-party IT products (sale of goods). Within this business model, the Executive Board is pursuing a strategy of transforming the CANCOM Group into a digital business provider and AI system integrator. The range of services on offer includes, amongst other things, consultancy and solution design, as well as the provision of hardware-related services, helpdesk and remote support services, and complex managed services and ‘as-a-service’ offerings. To deliver its services, CANCOM operates its own logistics and data centres and, as at the reporting date, employed more than 3,400 staff in the Professional Services division, who provide a range of services to customers. Interim Group Management Report of CANCOM SE for the period 1 January to 30 June 2026
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6TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Geographically, the CANCOM Group is primarily active in the DACH region, but also in Romania and Belgium. Further locations are situated in Slovakia, the Czech Republic and the USA. A key external factor influencing CANCOM’s business development is therefore the development of the IT market in its largest sales markets, Germany and Austria. For these markets as a whole – and thus also for CANCOM – the general trend towards digitali - sation and AI transformation is a key driver. The importance of (AI-based) IT processes in business, public administration, the education sector and healthcare is increasing. New applications for IT-supported solutions, as well as investments to improve existing infrastructure, are contributing to market development. Key external factors beyond CANCOM’s control that may have a positive or negative impact on business development include, in addition to macroeconomic developments, general legislation, the overall threat landscape in the field of cyber security, and the quality certifications, environmental and social standards required by customers. As a provider of IT services and products, the CANCOM Group’s business model is not subject to any specific sector-related legal provisions, licensing requirements or regulatory oversight – that is, external regulatory or politically influenced factors that go beyond the legal framework generally applicable to all companies. Added to this is the availability of IT hardware and software on the global market, which is an external factor beyond the Group’s control. The CANCOM Group’s client base comprises primarily commercial end-users, ranging from small and medium-sized enterprises to large companies and corporate groups, as well as public sector organisations. CANCOM Group customers are also active in sectors subject to industry-specific requirements, such as operators of critical infrastructure or financial services providers. In such cases, CANCOM delivers its services following an assessment and any necessary adjustments to the customer’s own system landscape, and designs processes in accordance with custom - er-specific and/or regulatory requirements. Competitive position The CANCOM Group operates primarily in Germany and Austria. In both markets, the CANCOM Group holds a prominent market position due to its size. According to the latest available analysis by the Federal Statistical Office and the IT industry association Bitkom, there are over 100,000 companies in Germany operating in the fields of IT hardware, software and IT services; however, these vary consid - erably in terms of size and/or range of services. There are 391 companies in the combined sectors of IT hardware, software and IT services that qualify as large enterprises with an annual revenue of more than € 50 million. Based on data from the latest system house ranking published by the industry publication ChannelPartner, there are only seven companies in Germany that achieve domestic revenue in excess of one billion €. According to this ranking, which is based on revenue for the 2025 financial year, CANCOM has risen to fifth place amongst the largest system houses in Germany. The CANCOM Group thus belongs to the very small group of large companies in the German IT sector, relative to the total number of companies active in the market. The total volume of the German IT market in 2025 was reported by the industry association Bitkom in July 2026 as € 162.0 billion. With domestic annual revenue in 2025 of just under € 1.1 billion, the CANCOM Group’s market share of the German IT market amounts to less than 1 percent. These figures reflect the continued high level of fragmentation in the German IT market and highlight the significant remaining market potential for CANCOM in its home market of Germany alone. In Austria, the CANCOM Group’s most important overseas market, the IT market is also highly fragmented. According to the latest employment statistics from the Austrian Federal Economic Chamber for the ‘Management Consultancy, Accounting and Information Technology’ trade association, a total of around 6,200 companies are active in the IT sector in Austria. Forty-nine of these companies, with more than 250 employees, fall into the large enterprises segment. With more than 1,400 employees, the CANCOM Austria Group is one of the leading companies in the Austrian market. Based on a total volume of the IT market in Austria of € 20.6 billion for the past financial year (previous year: € 18.3 billion), as reported by Statista, the CANCOM Austria Group’s market share (a significant part of the International business segment) stood at approximately 3 percent in 2025. Both of the CANCOM Group’s core markets have shown long-term growth trends and are, at the same time, highly fragmented. There remains significant market potential for the CANCOM Group in both markets.
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7TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Research and development activities As CANCOM primarily operates in the IT market through service and retail activities, it does not carry out any research activities. The development work carried out by CANCOM focuses primarily on software solutions, applications or architectures in IT areas such as artificial intelligence, cloud computing, mobile solutions, the Internet of Things, data analytics, IT security and shared managed services. In addition, there is customisation of in-house business software and development work for the Group’s own platforms. However, compared with the CANCOM Group’s total revenue, expenditure on development work is not significant. Development activities within the CANCOM Group are organised on a project basis. Where necessary, they are supported by the use of third-party services. During the reporting period, development costs that were not capitalised amounted to € 8.7 million (previous year: € 8.4 million). ECONOMIC REPORT With a share of revenue of over 60 percent, Germany is by far the most important sales market for the CANCOM Group. The next most significant sales market in terms of revenue is Austria. In addition to general economic developments in these national markets, the overall market for information and communication technology in both countries also constitutes a key framework condition and basis for comparison when assessing CANCOM’s economic performance. Germany In the CANCOM Group’s home market, economic development remained stable in the first half of 2026. According to Eurostat, gross domestic product rose by 0.6 percent in the first quarter of 2026 compared with the same quarter of the previous year. In the second quarter, growth stood at 0.9 percent compared with the corresponding quarter of the previous year. This marked a contin - uation of the moderate recovery of the German economy. Austria In the CANCOM Group’s most important overseas market, Austria, gross domestic product rose by 0.9 percent in the first quarter of 2026 compared with the same quarter of the previous year, according to Eurostat. In the second quarter of 2026, growth stood at 0.8 percent compared with the corresponding quarter of the previous year. The Austrian economy thus also showed a slightly positive trend and demonstrated an overall slightly stable growth momentum in the first half of 2026. Gross Domestic Product (GDP) 2026* (change compared to the same quarter of the prior year in %) Germany Q1 2026 + 0.6 Q2 2026 + 0.9 Austria Q1 2026 + 0.9 Q2 2026 + 0.8 *) Source: Eurostat, July 2026. ICT market The Bitkom-ifo Digital Index, which reflects the current business climate, business conditions and business expectations in the German ICT market, remained at a persistently low level in the first half of 2026. Whilst the business situation improved only slightly overall compared with the previous year and was subject to significant fluctuations over the course of the year, business expectations deteriorated once again and remained consistently in negative territory. The business climate also remained consistently below the zero mark, reaching new lows particularly in April and June 2026. Accordingly, the German ICT market continued to be characterised by subdued demand, high uncertainty and an overall challenging market situation in the first half of 2026. Business performance in the first half of 2026 In the reporting period from 1 January to 30 June 2026, the CANCOM Group generated revenue of € 775.9 million (previous year: € 803.8 million). This was generated entirely organically 1. The Germany business segment accounted for € 500.7 million (previous year: € 499.6 million) and the International business segment for € 275.2 million (previous year: € 304.2 million). The reluctance of customers in the SME sector and the public sector to Explanation of the Alternative Performance Measures (APM) used in accordance with the APM guidelines of the European Securities and Markets Authority (ESMA): 1 Organic component of financial metrics = Relevant financial metric (GAAP or non-GAAP) – contributions from companies that have been part of the Scope of consolidation for less than 12 months
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8TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES make purchases is reflected in the performance for the first half of 2026, particularly for IT hardware. In contrast, the services business performed well during the reporting period. Overall, gross profit rose by 2.2 percent to € 343.3 million (previous year: € 336.0 million) in the reporting period just ended. A year-on-year reduction in total expenses had a significantly positive impact on the key earnings figures. Consequently, the CANCOM Group’s EBITDA reached € 49.2 million (€ 36.7 million) and EBITA came in at € 21.5 million (previous year: € 10.2 million). As expected, customer demand remained at a low level in the first half of 2026. Employees As at 30 June 2026, the CANCOM Group employed 5,216 people (30 June 2025: 5,448). This represents a decrease of 4.3 percent compared with the same date in the previous year. Employees were active in the following areas: CANCOM Group: Employees 30.6.2026 30.6.2025 Professional Services 3,418 3,652 Sales 907 919 Central services 891 877 Total 5,216 5,448 The average number of employees in the first half of 2026 was 5,222 (same period last year: 5,467 employees). On average, 3,432 of them were employed in the Professional Services division in the first half of 2026, 897 were in Sales and 893 in Central services. Results of operations, financial position and net assets of the CANCOM Group Result of operations CANCOM Group: Revenue (in € million) H1 2026 775.9 H1 2025 803.8 In the first half of 2026, the CANCOM Group achieved consol - idated revenue of € 775.9 million (previous year: € 803.8 million). The entire consolidated Group revenue was generated organically. In the Germany business segment, which encompasses the business activities of all CANCOM Group companies based in Germany, revenue in the first half of 2026 amounted to € 500.7 million (previous year: € 499.6 million). In the Interna- tional business segment, which comprises the CANCOM Group companies based outside Germany, revenue amounted to € 275.2 million (previous year: € 304.2 million). In the second quarter of 2026, the CANCOM Group’s revenue stood at € 368.9 million (previous year: € 393.2 million). In the Germany business segment, revenue fell to € 235.3 million (previous year: € 249.0 million). Revenue in the International business segment amounted to € 133.6 million in the second quarter (previous year: € 144.2 million). The CANCOM Group’s other operating income rose to € 5.6 million in the first half of 2026 (previous year: € 5.4 million). In the second quarter, other operating income stood at € 1.7 million (previous year: € 3.0 million). The CANCOM Group’s total output for the first half of the year amounted to € 781.5 million (previous year: € 809.2 million). In the second quarter, total output stood at € 370.6 million (previous year: € 396.2 million). CANCOM Group: Material expenses (in € million) H1 2026 H1 2025 Material expenses/cost of purchased services -438.2 -473.2 Costs of materials totalled € 438.2 million in the first half of 2026 (previous year: € 473.2 million). In the second quarter, the figure stood at € 201.9 million (previous year: € 229.5 million).
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9TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES CANCOM Group: Gross profit (in € million) H1 2026 343.3 H1 2025 336.0 The CANCOM Group’s gross profit2 rose by 2.2 percent in the first half of 2026 compared with the comparative period last year to € 343.3 million (previous year: € 336.0 million). The second quarter of 2026 generated a consolidated gross profit of € 168.6 million (previous year: € 166.7 million). CANCOM Group: Personnel expenses (in € million) H1 2026 H1 2025 Wages and salaries -195.9 -196.1 Social security contributions -42.0 -41.5 Expenses for retirement benefits -2.1 -2.1 Share-based payments with cash settlement -0.2 -0.2 Total -240.2 -239.8 Personnel expenses amounted to € 240.2 million in the first half of 2026 (previous year: € 239.8 million). Other operating expenses fell to € 53.4 million in the first six months of 2026 (previous year: € 58.7 million). For the second quarter, other operating expenses amounted to € 25.8 million (previous year: € 31.1 million). CANCOM Group: EBITDA (in € million) H1 2026 49.2 H1 2025 36.7 In the first half of 2026, the CANCOM Group’s EBITDA3 rose to € 49.2 million (previous year: € 36.7 million). In the Germany business segment, EBITDA rose to € 30.6 million in the first half of the year (previous year: € 13.7 million). In the International business segment, EBITDA amounted to € 18.6 million (previous year: € 23.0 million). In the second quarter of 2026, the CANCOM Group’s EBITDA stood at € 22.2 million (previous year: € 15.7 million). In the Germany business segment, EBITDA rose to € 15.2 million in the second quarter (previous year: € 4.9 million). In the Interna - tional business segment, EBITDA amounted to € 7.0 million in the second quarter (previous year: € 10.8 million). CANCOM Group: EBITDA margin (in percent) H1 2026 6.3 H1 2025 4.6 In the reporting period from January to June 2026, the CANCOM Group’s EBITDA margin stood at 6.3 percent (previous year: 4.6 percent). The EBITDA margin in the Germany business segment stood at 6.1 percent (previous year: 2.7 percent). The EBITDA margin in the International business segment was 6.8 percent (previous year: 7.6 percent). In the second quarter of 2026, the EBITDA margin for the CANCOM Group stood at 6.0 percent (previous year: 4.0 percent). In the Germany business segment, the EBITDA margin for the second quarter was 6.5 percent (previous year: 2.0 percent), and in the International business segment it was 5.3 percent (previous year: 7.5 percent). CANCOM Group: Depreciation and amortisation (in € million) H1 2026 H1 2025 Scheduled depreciation of property, plant and equipment 8.0 7.1 Scheduled amortisation of software 6.0 6.4 Scheduled amortisation of right-of-use assets 13.8 13.0 Scheduled amortisation on customer bases etc. 3.7 4.5 Total 31.5 31.1 Depreciation and amortisation amounted to € 31.5 million in the first half of 2026 (previous year: € 31.1 million). In the second quarter, depreciation and amortisation stood at € 15.6 million (previous year: € 15.5 million). Explanation of the Alternative Performance Measures (APM) used in accordance with the APM guidelines of the European Securities and Markets Authority (ESMA): 2 Gross profit = Total revenue (Revenue + other operating income + Work perfomed by the entity and capitalised + contract costs capitalised) less material expenses/cost of purchased services 3 EBITDA = Profit for the period + income tax + foreign currency gains/losses + profit from companies accounted for using the equity method + other financial income/expenses + net interest income/expense + depreciation, amortisation, impairment of tangible assets, intangible assets and right-of-use assets
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10TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES CANCOM Group: EBITA (in € million) H1 2026 21.5 H1 2025 10.2 The CANCOM Group’s EBITA4 rose to € 21.5 million in the first six months of the current financial year (previous year: € 10.2 million). In the second quarter, the CANCOM Group achieved an EBITA of € 8.3 million (previous year: € 2.3 million). CANCOM Group: EBIT (in € million) H1 2026 17.8 H1 2025 5.6 The CANCOM Group’s EBIT5 stood at € 17.8 million in the first half of the current financial year (previous year: € 5.6 million). In the Germany business segment, EBIT for the reporting period was € 8.0 million (previous year: € -8.5 million), whilst in the International business segment, EBIT stood at € 9.8 million (previous year: € 14.1 million). In the second quarter of 2026, the CANCOM Group’s EBIT rose to € 6.6 million (previous year: € 0.2 million). In the Germany business segment, EBIT amounted to € 3.8 million (previous year: € -6.2 million). In the International business segment, however, EBIT stood at € 2.8 million (previous year: € 6.4 million). CANCOM Group: Profit for the period (in € million) H1 2026 11.3 H1 2025 2.7 As a result of the first half of 2026, the CANCOM Group’s profit for the period amounted to € 11.3 million (previous year: € 2.7 million). In the second quarter of 2026, the CANCOM Group’s profit for the period was € 3.6 million (previous year: € -0.5 million). Financial position and net assets Principles and objectives of financial management The core objective of CANCOM’s financial management is to ensure liquidity at all times in order to safeguard day-to-day business operations. Furthermore, the aim is to optimise profit- ability and, consequently, to achieve the highest possible credit rating in order to secure favourable refinancing terms. The financing structure is primarily geared towards long-term stability and the preservation of financial flexibility to capitalise on business and investment opportunities. Capital structure of the Group The CANCOM Group’s balance sheet total as at the reporting date of 30 June 2026 amounted to € 1,309.9 million (31 December 2025: € 1,444.9 million). Of this, € 485.1 million on the liabilities side was attributable to Shareholders’ Equity and € 824.8 million to debt. The CANCOM Group’s equity ratio thus stood at 37.0 percent at the end of June, remaining virtually unchanged from the level at the end of the 2025 financial year (31 December 2025: 37.7 percent). Similarly, the debt ratio remained almost unchanged at 63.0 percent (31 December 2025: 62.3 percent). The decrease in the balance sheet total in the first half of 2026 compared with the end of the 2025 financial year resulted primarily from the reduction in cash and cash equivalents. As at the reporting date of 30 June 2026, these holdings did not fully cover the company’s interest-bearing financial liabilities, as the company had made Investments in its ongoing business, which is reflected in particular in working capital. Consequently, there is a slight net financial debt as at the reporting date of 30 June 2026. Debt and equity Current liabilities, i.e. liabilities with a remaining term of less than one year, totalled € 605.8 million as at the reporting date for the first half of 2026 (31 December 2025: € 688.4 million). The change compared with December 2025 is primarily due to the decrease in trade liabilities. Explanation of the Alternative Performance Measures (APM) used in accordance with the APM guidelines of the European Securities and Markets Authority (ESMA): 4 EBITA = Profit for the period + Income tax + Foreign currency gains/losses + Profit from companies accounted for using the equity method + Other financial income/expenses + Net interest income/expense + Amortisation of intangible assets arising from business combinations (in particular customer bases and order books) 5 EBIT = Profit for the period + Income tax + Foreign currency gains/losses + Profit from companies accounted for using the equity method + Other financial income/expenses + Interest income/expenses
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11TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Non-current liabilities stood at € 219.0 million as at the reporting date, slightly above the level at the end of the year (31 December 2025: € 211.1 million). A key factor was an increase in deferred tax liabilities, which amounted to € 23.3 million (31 December 2025: € 16.5 million). At the reporting date of 30 June 2026, Shareholders’ Equity stood at € 485.1 million, which was lower than the comparative figure (31 December 2025: € 545.4 million). The reduction in the first half of 2026 is primarily attributable to the dividend paid out in the amount of € 28.8 million and through the buyback of treasury shares amounting to € 42.7 million. Significant financing measures During the reporting period, the financing of day-to-day operations and necessary replacement investments was provided from cash and cash equivalents and current liabilities to banks. The same applies to all other investments. Assets As at 30 June 2026, the assets side of the balance sheet showed current assets amounting to € 709.4 million (31 December 2025: € 838.0 million). Cash and cash equivalents fell to € 21.5 million as at 30 June 2026 (31 December 2025: € 198.9 million). Trade receivables rose to € 446.7 million in the first half of 2026 (31 December 2025: € 431.3 million). Furthermore, inventories increased to € 88.4 million (31 December 2025: € 53.9 million) and other current non-financial assets rose to € 85.4 million (31 December 2025: € 69.6 million). Non-current assets stood at € 600.4 million as at 30 June 2026 (31 December 2025: € 607.0 million). Changes occurred primarily in intangible assets (other than goodwill), which fell to € 46.0 million at the end of the first half of the year (31 December 2025: € 55.2 million). The item ‘Rights of use’ increased to € 122.6 million as at 30 June 2026 (31 December 2025: € 116.3 million). Cash flow and liquidity Based on a profit for the period of € 11.3 million (previous year: € 2.7 million), cash flow from operating activities for the reporting period from January to June 2026 fell to € -109.6 million (previous year: € 0.9 million). The cash outflow for trade liabilities and other liabilities amounted to € -99.4 million (previous year: € -32.0 million), whilst that for inventories amounted to € -34.5 million (previous year: € 14.3 million). Changes in trade receivables, contract assets, capitalised contract costs and other assets contributed € -22.1 million, following € -16.5 million in the comparative period of the previous year. Cash flow from investing activities in the first half of 2026 amounted to € 5.5 million (previous year: € -10.7 million). Sales proceeds for tangible and intangible assets as well as for financial investments totalled € 14.7 million (previous year: € 0.6 million). Payments from the acquisition of subsidiaries and operations during the reporting period amounted to € -1.9 million (previous year: € -4.1 million). In addition, funds amounting to € -9.0 million (previous year: € -8.1 million) were used for investments in property, plant and equipment, intangible assets and rights of use. The investment ratio thus changed slightly from 1.0 percent to 1.2 percent. At € -73.3 million, cash flow from financing activities in the reporting period was lower than in the comparative period of the previous year (previous year: € -49.8 million). During the reporting period, cash flow from financing activities was affected in particular by the payment of € -42.7 million (previous year: € 0.0 million) in connection with the repurchase of own shares under CANCOM SE’s share buyback programme. The inflow from the raising of short-term financial debt amounting to € 22.5 million (previous year: € -0.7 million) had an offsetting effect. During the reporting period, the outflow for dividends fell to € -28.8 million (previous year: € -31.6 million). In the first half of 2026, there was therefore a decrease of € 177.4 million in cash and cash equivalents compared with the cash position at the start of the financial year. Cash and cash equivalents stood at € 21.5 million on 30 June 2026 (compared with € 198.9 million on 31 December 2025). The CANCOM Group therefore has a positive balance of Cash and cash equivalents as at the reporting date and, furthermore, has access to unused credit facilities with financial institutions as at the reporting date. CANCOM is thus in a position to meet its payment obligations at all times.
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12TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Overall statement on the results of operations, financial position and net assets of the CANCOM Group In the first half of 2026, the CANCOM Group generated revenue of € 775.9 million and EBITDA amounted to € 49.2 million. This resulted in an EBITDA margin of 6.3 percent. The two business segments performed in opposite directions during the reporting period. Whilst the ‘Germany’ segment was able to increase both revenue and profit, the ‘International’ segment recorded a decline in both revenue and profit contribution. Overall, this decline could not be fully offset by the increases in the ‘Germany’ segment. The strong revenue performance in the services business, with revenue of € 349.3 million in the first half of the year, was offset by weaker growth in the hardware business, which totalled € 426.6 million during the reporting period. Gross profit increased despite customers’ reluctance to make purchases and the associated decline in revenue. The overall stability of expenditure consequently led to a very significant increase in other profit indicators compared with the same period last year. However, the Executive Board’s objective is profitable and sustainable growth for the entire CANCOM Group; accordingly, the Executive Board is not entirely satisfied with the performance in the first half of the year. Events since the end of the reporting period There were no significant events after the end of the reporting period. RISKS AND OPPORTUNITIES RELATING TO FUTURE DEVELOPMENT During the reporting period, there were no material changes to the assessment of opportunities and risks relating to the future development of the CANCOM Group as published in the 2025 Annual Report. Nor were there any material changes in the assessment of individual risks during the current financial year to date. As part of the regular risk reviews, particular attention was also paid in the first half of the year to developments in the availability of IT hardware and components along the supply chains. This was prompted by the increasing uncertainties outlined in the risk and opportunity report of the Annual Report, arising from shortages of semiconductors and other components, which may lead to rising prices and extended delivery times. Based on the findings to date and close cooperation with manufacturers and distributors, the existing risk assessment is still considered appropriate. Overall, this does not currently result in any significant changes to the overall assessment of the CANCOM Group’s risk profile. FORECAST REPORT Premises of the forecast The forecasts for the CANCOM Group and CANCOM SE incorporate all information known to the Executive Board at the time of preparing this report that could influence business performance. The outlook is based, amongst other things, on the expectations described below regarding economic developments and the development of the IT market. In this context, the Executive Board expressly draws attention to the uncertainties involved in assessing general economic trends. There remains a high degree of uncertainty regarding economic developments in the CANCOM Group’s core markets. This also leads to a heightened level of uncertainty in CANCOM’s business with public sector clients, which is of significant importance to the Group. Global factors, particularly macroeconomic ones, such as the escalation of existing hostilities and regional tensions, further complicate the assessment of future developments. With regard to the CANCOM Group as a whole, unforeseeable events could occur which, from today’s perspective, would influence the company’s expected performance. Such events include, for example, the consequences of short-term legislative or regulatory changes. Such events are not taken into account in the forecast. The forecast developments in the financial performance indicators relate exclusively to the performance of the CANCOM Group in the financial year 2026 compared with the reporting date of 31 December 2025.
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13TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Development of the overall economy and the IT market Macroeconomic environment With a share of revenue of around 60 percent, Germany is the CANCOM Group’s largest sales market. In its April forecast, the International Monetary Fund (IMF) predicts slight economic growth of 0.8 percent for Germany in 2026. The next most significant market in terms of revenue is Austria. According to the IMF’s forecast, Austria is also expected to see a slight increase of 0.7 percent. Outlook: Gross domestic product in 2026* (change compared to prior year in %) Germany + 0.8 Austria + 0.7 *) Source: International Monetary Fund (IMF), April 2026. In addition to the general economic trends in these national markets, the overall market for information and communi- cation technology in Germany and Austria also constitutes a key framework and basis for comparison when assessing CANCOM’s economic performance. ICT market In its latest survey from July 2026, Bitkom, the German association for the ICT sector, forecasts that the market volume of the information and communications technology (ICT) market in Germany will grow by 4.1 percent to a total of € 246.4 billion in 2026. The main driver of this development is the information technology market – the largest in terms of volume and the most significant for CANCOM – which, according to Bitkom, will reach a total volume of € 170.8 billion in 2026, with growth of 5.4 percent. The industry association Bitkom anticipates growth across all IT sub-markets in 2026. Outlook: Information Technology (IT) Market 2026, Germany* (change compared to prior year in %) Total IT market + 5.4 IT services + 3.1 IT hardware (including semiconductors) + 3.3 Software + 9.9 *) Source: Bitkom/IDC, July 2026. A similar trend is expected for the IT market segment in Austria this year. According to the data platform Statista, the ICT market volume is set to rise by 11.3 percent (previous year: 12.5 percent) to € 22.9 billion in 2026. The main driver of this positive market trend is the IT hardware segment, which is forecast to grow by 18.2 percent to a total volume of € 11.5 billion in 2026. Outlook: Information Technology (IT) Market 2026, Austria* (change compared to prior year in %) Total IT market + 11.3 IT services (IT services, security) + 4.4 IT hardware (data centres, IoT, semiconductors) + 18.2 Software + 7.3 *) Source: Statista Insights, July 2026. Accordingly, a positive trend is expected over the course of the year for the CANCOM Group’s two key markets. Based on business performance in the first six months of the year and currently foreseeable developments, the Executive Board anticipates that demand in the IT market in both national markets will develop positively, particularly in the second half of the year. Forecast for the CANCOM Group Within just a few years, artificial intelligence has evolved from a topic of the future into a key driver of digital transformation. This highlights the rapid pace of innovation in the IT sector and its central importance for businesses and public sector clients. In the Executive Board’s view, the digitalisation of business processes, the modernisation of IT landscapes and the increasing use of cloud and AI technologies remain the key structural drivers of growth in the markets relevant to the CANCOM Group. The resulting demand for IT infrastructure, software and IT services will, in the Executive Board’s view, continue to be driven by these long-term developments. The Executive Board therefore continues to anticipate an attractive medium- to long-term market environment for the CANCOM Group’s business activities, as well as for its products and services. At the same time, the markets continue to be characterised by macroeconomic and geopolitical uncertainties. According to current estimates, only moderate economic growth is expected in 2026 for the key sales markets of Germany and Austria. Although the fundamental growth drivers of digitalisation and the increasing use of artificial intelligence continue to have a positive impact on the IT market, the overall economic conditions may influence demand trends. Uncertainties arise in particular from the continued reluctance of companies and public sector clients to invest, prolonged decision-making and procurement processes, the possible postponement of IT projects, and
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14TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES ongoing cost and efficiency pressures on the part of customers. Furthermore, geopolitical tensions and trade restrictions may influence the development of IT markets and, consequently, the basis and assumptions underlying the forecasts. Demand for IT infrastructure, software and IT services will continue to be supported by the structural trends of digitalisation and the increasing use of AI technologies. The Executive Board anticipates the following performance for the CANCOM Group in the 2026 financial year: Performance indicators (in € million) Forecast 2026 2025 Revenue 1,750 to 1,850 1,714.7 EBITDA 110 to 130 102.7 EBITA 55 to 75 48.0 The key figures used are explained on page 18 of CANCOM SE’s Annual Report for the financial year 2025. Munich, August 2026 The Executive Board of CANCOM SE Rüdiger Rath Thomas Stark CEO CFO Note on the audit review This document was neither subject to an audit pursuant to Section 317 of the German Commercial Code (HGB) nor to a review by an auditor. Note rounding Due to rounding, individual figures in this document may not add up precisely to the totals provided and percentages presented may not precisely reflect the absolute figures to which they relate. Disclaimer future-oriented statements This document contains statements which may relate to the future course of business and future financial performance, as well as to future events or developments affecting CANCOM, and may constitute forward-looking statements. These are based on current expectations, assumptions and estimates by the Executive Board, and on other information currently available to management, many of which are outside CANCOM‘s sphere of influence. These statements can be recognized by formulations and words such as „expect“, „want“, „assume“, „believe“, „aim“, „estimate“, „assume“, „expect“, „intend“, „could“, „plan“, „should“, „will“, „predict“ or similar terms. All statements, other than statements of historical fact, are forward- looking statements. Such forward-looking statements include, but are not limited to expectations regarding the availability of products and services, the financial and earnings position, business strategy and management‘s plans for future operating activities, economic developments and all statements regarding assumptions. Although these statements are made with great care, CANCOM, represented by the Executive Board, cannot guarantee the accuracy of the expectations, especially in the forecast report. Various known and unknown risks, uncertainties and other factors may cause the actual results to differ significantly from those contained in the forward-looking statements. The following factors, among others, are of significance in this context: external political influences, changes in the general economic and business situation, changes in the competitive position and situation, e.g. due to the appearance of new competitors, new products and services, new technologies, changes in the investment behavior of customer target groups, etc., as well as changes in business strategy. Should one or more of these risks or uncertainties materialize, or should it turn out that the underlying expectations do not materialize or that the assumptions made were incorrect, CANCOM‘s actual results, performance and achievements (both negative and positive) may differ substantially from those explicitly or implicitly stated in the forward- looking statement. No guarantee can be given for the appropriateness, accuracy, completeness or correctness of the information or opinions in this document. Furthermore, CANCOM does not assume any obligation and does not intend to update these forward-looking statements or to correct them in the event of developments other than those expected.
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15TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Consolidated balance sheet ASSETS (in T€) Notes 30.6.2026 31.12.2025 30.6.2025 Current assets Cash and cash equivalents B.1 21,486 198,902 85,126 Trade receivables B.2 446,666 431,315 405,539 Current contract assets B.3 26,743 20,820 38,510 Inventories B.4 88,435 53,930 53,729 Other current financial assets B.5 40,679 63,411 52,837 Other current non-financial assets B.6 85,427 69,599 83,130 Total current assets 709,436 837,977 718,871 Non-current assets Property, plant and equipment B.7 50,923 51,152 57,964 Intangible assets (other than goodwill) B.8 46,034 55,173 65,508 Goodwill B.9 270,043 270,043 270,043 Rights-of-use assets B.10 122,637 116,269 119,584 Financial assets and loans 33 33 33 Shares in companies accounted for using the equity method 13,170 14,174 14,192 Deferred tax assets 26,519 21,209 17,147 Other non-current financial assets B.5 43,080 46,942 40,045 Other non-current non-financial assets B.6 27,978 31,969 37,367 Total non-current assets 600,417 606,964 621,883 Total assets 1,309,853 1,444,941 1,340,754
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16TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Consolidated balance sheet LIABILITIES AND SHAREHOLDER’S EQUITY (in T€) Notes 30.6.2026 31.12.2025 30.6.2025 Current liabilities Current liabilities to banks 22,713 173 125 Trade liabilities B.11 337,633 424,294 371,418 Other current financial liabilities B.12 62,733 67,211 73,080 Current pension provisions and similar provisions 1,656 1,629 1,178 Current other provisions 8,154 11,091 10,308 Current contract liabilities B.3 100,423 80,086 74,045 Income tax liabilities 14,513 14,215 9,670 Other current non-financial liabilities 57,956 89,706 56,495 Total current liabilities 605,781 688,405 596,319 Non-current liabilities Non-current liabilities to banks 0 0 188 Other non-current financial liabilities B.12 153,637 152,058 136,401 Non-current pension provisions and similar provisions 25,041 24,173 25,920 Non-current other provisions 5,730 5,309 6,682 Non-current contract liabilities B.3 11,263 13,004 13,127 Deferred tax liabilities 23,304 16,539 16,607 Other non-current non-financial liabilities 5 6 7 Total non-current liabilities 218,980 211,089 198,932 Shareholder’s Equity B.13 Issued capital 28,740 31,515 31,515 capital reserve 447,648 483,763 483,763 Retained earnings including carryforwards and profit after taxes 8,406 29,754 29,649 Other reserves 251 286 290 Non-controlling interests 47 129 286 Total equity 485,092 545,447 545,503 Total liabilities and shareholder’s equity 1,309,853 1,444,941 1,340,754
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17TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Consolidated statement of comprehensive income Q2 1st half-year (in T€) Anhang 1.4.2026 to 30.6.2026 1.4.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Revenue C.1 368,876 393,240 775,884 803,785 Other operating income C.2 1,676 2,968 5,569 5,412 Total output 370,552 396,208 781,453 809,197 Material expenses/cost of purchased services C.3 -201,928 -229,485 -438,171 -473,237 Gross profit 168,624 166,723 343,282 335,960 Personnel expenses C.4 -120,458 -119,477 -240,218 -239,821 Depreciation, amortisation, impairment of tangible assets, intangible assets and right-of-use assets C.5 -15,605 -15,459 -31,451 -31,108 Impairment losses for financial assets including reversals of impairment losses -137 -509 -466 -707 Other operating expenses C.6 -25,806 -31,083 -53,359 -58,693 Operating profit (EBIT) 6,618 195 17,788 5,631 Interest and similar income 1,116 1,291 2,694 2,856 Interest and similar expenses -1,679 -1,511 -3,333 -3,134 Other financial income 40 1 72 21 Other financial expenses -373 -1,104 -776 -1,632 Results from companies accounted for using the equity method -116 -89 -206 -517 Foreign currency gains/losses -24 -51 -20 -65 Profit before income taxes 5,582 -1,268 16,219 3,160 Income tax -2,030 811 -4,958 -439 Profit after tax from continuing operations 3,552 -457 11,261 2,721 Profit after taxes from discontinued operations 0 0 0 0 Profit for the period 3,552 -457 11,261 2,721 of which: attributable to owners of the parent 3,477 -424 11,243 2,755 of which: attributable to non-controlling interests 75 -33 18 -34 Weighted average shares outstanding (units) undiluted 28,825,225 31,515,345 29,440,886 31,515,345 Weighted average shares outstanding (units) diluted 28,825,225 31,515,345 29,440,886 31,515,345
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18TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Q2 1st half-year (in T€) Notes 1.4.2026 to 30.6.2026 1.4.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Earnings per share from continuing operations (undiluted) in € 0.12 -0.01 0.38 0.09 Earnings per share from continuing operations (diluted) in € 0.12 -0.01 0.38 0.09 Earnings per share from discontinued operations (undiluted) in € 0.00 0.00 0.00 0.00 Earnings per share from discontinued operations (diluted) in € 0.00 0.00 0.00 0.00 Earnings per share for profit after taxes attributable to the owners of the parent (undiluted) in € 0.12 -0.01 0.38 0.09 Earnings per share for profit after taxes attributable to the owners of the parent (diluted) in € 0.12 -0.01 0.38 0.09 Q2 1st half-year (in T€) 1.4.2026 to 30.6.2026 1.4.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Profit for the period 3,552 -457 11,261 2,721 Other comprehensive income Items subsequently reclassified to profit after taxes (recycled) Gains/losses arising from the currency translation of foreign operations -125 104 -35 -18 Items not subsequently reclassified to profit after taxes (not recycled) Gains/losses arising from the remeasurement of defined benefit plans 1 -9 -2 -33 Deferred taxes on items that are not reclassified to profit after taxes -1 1 0 30 Other comprehensive income for the period -125 96 -37 -21 Total comprehensive income for the period 3,427 -361 11,224 2,700 of which: attributable to owners of the parent 3,352 -328 11,206 2,734 of which: attributable to non-controlling interests 75 -33 18 -34
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19TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Cash flow from operating activities Profit for the period 11,261 2,721 Adjustments + Depreciation, amortisation, impairment of tangible assets, intangible assets and right-of-use assets 31,451 31,108 + Interest income and other financial income 1,550 2,407 + Income tax 4,958 439 +/- Changes in non-current provisions 721 360 +/- Changes in current provisions -2,919 638 +/- Gain/loss on the disposal of property, plant and equipment, intangible assets and financial assets -1,253 -353 +/- Changes in inventories -34,466 14,290 +/- Changes in trade receivables, contract assets, capitalised contract costs and other assets -22,096 -16,528 +/- Changes in trade payables and other liabilities -99,441 -32,021 - Interest paid -257 -537 +/- Income taxes paid and received 1,038 -1,673 +/- Other non-cash income and expenses -136 83 Total cash flow from operating activities -109,589 934 Cash flow from investing activities - Payments from the acquisition of subsidiaries and operations -1,878 -4,110 + Proceeds from the disposal of financial investments, joint ventures and associates 500 0 - Payments made for the acquisition of financial investments, joint ventures and associates 0 -400 - Payments for investments in tangible and intangible assets as well as right-of-use assets -9,004 -8,098 + Sales proceeds for tangible and intangible assets as well as for financial investments 14,680 598 + Interest and dividends received 898 1,176 + Dividends received from joint ventures and associated companies 297 170 Total cash flow from investing activities 5,493 -10,664 Cash flow from financing activities - Payments due to the repurchase of own shares -42,791 0 - Payments from the repayment of non-current financial liabilities (including the portion reported as current) 0 -63 - Payments from the repayment of lease liabilities (from the perspective of the lessee) -21,839 -19,761 +/- Proceeds/payments resulting from issuing/repayment of current financial liabilities 22,539 -729 +/- Proceeds/payments resulting from financial liabilities to leasing companies and proceeds resulting from sublea- se transactions 166 4,559 - Payments for interest on non-current financial liabilities and lease liabilities -2,516 -2,191 - Dividends paid -28,840 -31,565 Total cash flow from financing activities -73,281 -49,750 Net increase/decrease in cash and cash equivalents -177,377 -59,480 +/- Effect of exchange rate changes on cash and cash equivalents -39 -68 +/- Cash and cash equivalents at the start of the period 198,902 144,674 Cash and cash equivalents at the end of the period 21,486 85,126 of which Cash and cash equivalents from continuing operations 21,486 85,126 Cash and cash equivalents from discontinued operations 0 0 Consolidated Cash Flow Statement
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20TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Consolidated Statement of Changes in Equity Retained earnings including carry- forwards and profit after taxes Other reserves Shares Issued capital capital reserve Retained earnings Profit after taxes including carryforwards Remeasurement of defined benefit plans Currency translation of foreign operations Total owners of the parent Non-controlling interests Total Shareholders' Equity (in T pieces) in T€ in T€ in T€ in T€ in T€ in T€ in T€ in T€ in T€ 1.1.2025 31,515 31,515 483,763 13,425 48,164 -3,177 308 573,998 369 574,367 Profit for the period 2,755 2,755 -34 2,721 Other comprehensive income 0 -3 -18 -21 0 -21 Total comprehensive income 2,755 -3 -18 2,734 -34 2,700 Dividend distribution in the business year -31,515 -31,515 -49 -31,564 30.06.2025 31,515 31,515 483,763 13,425 19,404 -3,180 290 545,217 286 545,503 1.1.2026 31,515 31,515 483,763 -13,461 45,358 -2,143 286 545,318 129 545,447 Profit for the period 11,243 11,243 18 11,261 Other comprehensive income 0 -2 -35 -37 0 -37 Total comprehensive income 11,243 -2 -35 11,206 18 11,224 Transfer of profit for the period to retained earnings 50,777 -50,777 0 0 Dividend distribution in the business year -28,739 -28,739 -100 -28,839 capital reduction -2,775 -2,775 2,775 2,775 -2,775 0 0 Changes resulting from the buyback of treasury shares -38,890 -3,850 -42,740 -42,740 30.6.2026 28,740 28,740 447,648 36,241 -25,690 -2,145 251 485,045 47 485,092
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21TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES A. General Information A.1. Basis The consolidated financial statements of CANCOM SE and its subsidiaries (hereinafter referred to as the ‘CANCOM Group’, ‘CANCOM Group’ or ‘Group’) were prepared for the reporting period (the first half of the 2026 financial year) in accordance with International Financial Reporting Standards and International Accounting Standards (IFRS/IAS, as applicable in the EU). The business of CANCOM SE and its consolidated subsidiaries comprises the design of IT architectures and IT infrastructure, system integration and the provision of managed services. As a provider of comprehensive solutions, the focus of its business activities lies not only on Sales of hardware and software from renowned manufacturers but, above all, on the provision of IT services. The range of IT services includes, amongst other things, the design of IT architectures and IT landscapes, the planning and integration of IT systems, and the operation of these systems. The consolidated financial statements have been prepared in euros (€). Unless otherwise stated, all amounts are given in thousands of euros (T€). In individual cases, rounding may mean that figures in this report do not add up exactly to the stated total and that percentages do not result exactly from the figures presented. The reporting period covers the period from 1 January 2026 to 30 June 2026 (comparative period: 1 January 2025 to 30 June 2025). The address of the registered office is: Erika-Mann-Straße 69, 80636 Munich, Germany. CANCOM SE is registered with the Munich Local Court under HRB 203845. The shares are traded on the regulated market of the Frankfurt Stock Exchange under ISIN DE0005419105 and are admitted to the Prime Standard. These consolidated half-yearly financial statements have been prepared in accordance with IAS 34; they are condensed financial statements. They have not been audited or reviewed by an auditor. These consolidated half-year financial statements should be read in conjunction with the IFRS consolidated financial statements published for the financial year 2025. These are available online at www.cancom.com. A.2. Consolidation and company acquisitions A.2.1. Consolidation principles For details of the consolidation principles, please refer to the section of the same name in the 2025 IFRS consolidated financial statements, which in turn form part of the 2025 Annual Report of CANCOM SE. A.2.2. Company acquisitions and investments as well as disposals of companies During the reporting period, neither CANCOM SE nor any of its subsidiaries carried out any company acquisitions within the meaning of IFRS 3. Furthermore, no disposals of businesses took place within the CANCOM Group during the reporting period. A.2.3. Scope of consolidation In the first half of the 2026 financial year, there were no significant changes to the Scope of consolidation of the CANCOM Group. A.2.4. Major subsidiaries The following table lists the CANCOM Group’s major subsidiaries: Name of subsidiary Seat of the company Percenta- ge of shareholding CANCOM GmbH Jettingen-Scheppach 100.00 CANCOM Austria AG Vienna/Austria 100.00 CANCOM Managed Services GmbH Munich 100.00 CANCOM Public GmbH Berlin 100.00 CANCOM a + d IT solutions GmbH Brunn am Gebirge/ Austria 100.00 CANCOM ICT Service GmbH Munich 100.00 Notes to the Consolidated Financial Statements
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22TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES A.3. Explanation of accounting and valuation methods The 2026 half-year consolidated financial statements have generally been prepared using the same recognition and measurement policies as those applied in the preparation of the consolidated financial statements for the 2025 financial year. The recognition and measurement policies can be found in the 2025 Annual Report, in Section A.3 of the consolidated financial statements. A.4. Discretionary decisions and estimation uncertainties The information on judgements and estimation uncertainties contained in Section A.4 of the consolidated financial statements for the 2025 financial year generally also applies to these 2026 interim consolidated financial statements. A.5. Accounting standards applied for the first time The CANCOM Group has applied the following standard for the first time in the reporting period (from 1 January 2026 to 30 June 2026): • Amendment to IFRS 9 ‘Financial Instruments’ and amend- ment to IFRS 7 ‘Financial Instruments: Disclosures’ (title of the amendment: ‘Amendments to the Classification and Measure- ment of Financial Instruments’); • ‘Improvements to International Financial Reporting Standards’ (‘Volume 11’; published in 2024); • Amendment to IFRS 9 ‘Financial Instruments’ and amend- ment to IFRS 7 ‘Financial Instruments: Disclosures’ (title of the amendment: ‘Contracts relating to nature-based electricity’); The amendments to IFRS 9 and IFRS 7 provide clarification on the classification of financial assets linked to environ - mental, social and governance (ESG) and similar characteristics. Furthermore, the amendments address the settlement of liabilities through electronic payment systems. Alongside the accounting changes, additional disclosure requirements have been introduced regarding investments in equity instruments measured at fair value through Other comprehensive income, as well as financial instruments with contingent features (for example, ESG targets). The IASB is making amendments to various IFRSs via the omnibus standards ‘Improvements to International Financial Reporting Standards’. A total of five standards have been amended as part of Volume 11. The amendments to IFRS 9 and IFRS 7 relate to contracts for nature-dependent electricity. These contracts help companies to access electricity from sources such as wind or solar power. The amended IFRS 9 provides clarifications on the application of the ‘own-use exemption’ to these contracts. In addition, the amended IFRS 9 includes adjustments to the rules on the accounting for hedging transactions, allowing contracts for electricity from nature-dependent renewable energy sources to be used as hedging instruments provided certain conditions are met. The amended IFRS 7 contains additional disclosure requirements relating to these contracts. None of the regulatory changes listed above have any material impact on the CANCOM Group’s financial position, Result of operations or cash flows. A.6. Changes to the reporting structure, corrections of errors, changes to recognition and measurement policies, and changes in presentation due to discontinued operations During the reporting period, there were no changes to the reporting structure, no corrections of errors, and no changes to the recognition and measurement policies. Furthermore, there were no changes in presentation during the reporting period arising from discontinued operations. A.7. Significant events and transactions During the reporting period or after the reporting date, but prior to the publication of these half-yearly consolidated financial statements, no events or transactions occurred that could be material to the CANCOM Group’s financial position, results of operations or cash flows. B. Notes to the Consolidated balance sheet B.1. Cash and cash equivalents Cash and cash equivalents comprise solely bank balances and cash on hand that are due at any time.
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23TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES B.2. Trade receivables Trade receivables are made up as follows: (in T€) 30.6.2026 31.12.2025 Gross book value (before value adjustments) 447,920 432,852 Value adjustments -1,254 -1,537 Trade receivables, balance sheet disclosure 446,666 431,315 Trade receivables recognised in the balance sheet relate exclusively to contracts with customers in accordance with IFRS 15. Provisions for trade receivables developed as follows during the reporting period: (in T€) Level 2 Stage 3 Total Balance of provisions as at 1 January 824 713 1,537 Transfer to Stage 3 -30 30 0 Transfer to Level 2 9 -9 0 Revaluation of the valuation allowance (addition, release) -138 -36 -174 Derecognition due to write-off of the receivable -6 -103 -109 Balance of value adjustments as at 30 June 659 595 1,254 The amount of € -466 thousand recognised in the statement of comprehensive income for the reporting period under the item ‘Impairment losses for financial assets including reversals of impairment losses’ (comparative period: € -707 thousand) comprises the amounts shown in the previous table relating to the revaluation of the provision of € 174 thousand (comparative period: € -581 thousand) and the Derecognition due to write-off of the receivable of € 109 thousand (comparative period: € 1,028 thousand); in addition, it includes losses arising from the derecognition/write-off of receivables of € -754 thousand (comparative period: € -1,125 thousand) and gains arising from payments received on receivables already derecognised/written off of € 3 thousand (comparative period: € 1 thousand), impairment losses and reversals of impairment losses on receivables from finance leases of € 6 thousand (comparative period: € -14 thousand), and impairment losses on contract assets of € -4 thousand (comparative period: € -16 thousand). For trade receivables, impairment losses and reversals of impairment losses for expected credit losses are determined using an impairment matrix. In this regard, we refer to the information on default risks in section D.6.5 of the consolidated financial statements for the financial year 2025. B.3. Contract assets and contract liabilities The following table provides information on contract assets arising from contracts with customers: (in T€) 30.6.2026 31.12.2025 Current contract assets 26,743 20,820 Contract assets, balance sheet disclosure 26,743 20,820 Contract assets relate primarily to work in progress in connection with IT projects. The following table provides information on contract liabilities arising from contracts with customers: (in T€) 30.6.2026 31.12.2025 Current contract liabilities 100,423 80,086 Long-term contract liabilities 11,263 13,004 Contract liabilities, balance sheet disclosure 111,686 93,090 Contract liabilities relate primarily to advance payments received from customers and prepaid fixed-term contracts in connection with IT projects and support services. B.4. Inventories Inventories consist mainly of goods, in particular hardware components and software. They are made up as follows: (in T€) 30.6.2026 31.12.2025 Finished goods, merchandise and raw materials, consumables and supplies 87,614 53,707 Prepayments made 821 223 Stock, balance sheet disclosure 88,435 53,930 Costs for finished goods, merchandise and raw materials, consumables and supplies amounted to € 364,997 thousand in the reporting period (comparative period: € 396,427 thousand).
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24TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES B.5. Other financial assets Other current non-financial assets are as follows: (in T€) 30.6.2026 31.12.2025 Receivables from finance leases 27,422 30,980 Bonus receivables from suppliers 7,669 10,316 Receivables from companies with which there is a shareholding relationship 2,996 2,663 Accounts payable 994 1,499 Derivative financial assets 607 0 Receivables from employees 585 223 Receivables from insurance benefits 278 0 Interest receivables 60 0 Cover capital in the form of reimbursement claims 35 35 Receivables from former shareholders 33 0 Receivables from financial institutions 0 17,695 Other current non-financial assets, as disclosed on the balance sheet 40,679 63,411 Other non-current financial assets comprise the following: (in T€) 30.6.2026 31.12.2025 Receivables from finance leases 36,392 40,173 Receivables from companies in which the Group holds an equity interest 3,961 3,856 Receivables from deposits 1,738 1,920 Assets arising from employee benefits 984 993 Derivative financial assets 5 0 Other non-current financial assets, balance sheet disclosure 43,080 46,942 B.6. Other assets Other current and non-current assets relate primarily to current deferred expenses amounting to € 72,958 thousand (31 December 2025: € 49,056 thousand), non-current deferred expenses amounting to € 27,978 thousand (31 December 2025: € 31,969 thousand) and current receivables arising from overpaid tax amounting to € 12,217 thousand (31 December 2025: € 18,949 thousand). B.7. Property, plant and equipment Property, plant and equipment are as follows: (in T€) 30.6.2026 31.12.2025 Land and buildings 12,343 13,066 IT data centres 12,524 11,587 Plant and machinery 2,467 2,258 Motor vehicles 581 574 Other operating and office equipment 23,008 23,667 Property, plant and equipment, as disclosed on the balance sheet 50,923 51,152 B.8. Intangible assets (other than goodwill Intangible assets (other than goodwill) are broken down as follows: (in T€) 30.6.2026 31.12.2025 Software acquired for consideration 25,058 29,661 Customer bases 14,535 16,964 In-house software 3,092 4,129 Order backlog 2,557 3,481 Other intangible assets arising from business combinations 792 938 Intangible assets (other than goodwill), balance sheet disclosure 46,034 55,173 The item ‘software acquired for consideration’ includes, in particular, ERP systems and a cloud-based agility platform. These are amortised on a straight-line basis and have an average remaining useful life of two years. The customer bases and order books are primarily based on business acquisitions made in previous periods. These items are amortised on a straight-line basis over their respective expected useful lives. The customer bases have an average remaining useful life of seven years, whilst the order books have an average remaining useful life of two years. The item ‘in-house software’ comprises primarily the AHP Private Cloud Platform, amounting to € 1,501 thousand (31 December 2025: € 2,090 thousand), which is amortised on a straight-line basis over its expected useful life. The average remaining useful life is two years.
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25TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES The item ‘other intangible assets arising from business combinations’ comprises favourable lease agreements and product-specific software. These have an average remaining useful life of three years. B.9. Goodwill Goodwill is broken down as follows: (in T€) 30.6.2026 31.12.2025 CANCOM Germany 176,652 176,652 CANCOM International 93,391 93,391 Goodwill, as disclosed on the balance sheet 270,043 270,043 B.10. Rights of use The rights of use for the three classes applied within the CANCOM Group are broken down as follows: (in T€) 30.6.2026 31.12.2025 Rights of use for land and buildings 86,334 79,919 Rights of use for plant and business equipment 2,215 2,395 Rights of use for motor vehicles 34,088 33,955 Rights of use, balance sheet disclosure 122,637 116,269 B.11. Trade liabilities Trade liabilities consist primarily of liabilities for goods supplied and liabilities for services received. B.12. Other financial liabilities Other current financial liabilities are as follows: (in T€) 30.6.2026 31.12.2025 Lease liabilities 38,979 39,413 Financial liabilities to leasing companies 13,685 16,167 Accounts payable 8,899 8,348 Purchase price liabilities arising from the acquisition of shares in affiliated companies or acquired business units 491 2,009 Supervisory Board remuneration 210 420 Outstanding cost invoices 201 364 Liabilities for interest and bank charges 195 3 Liabilities to companies in which the Group holds a stake 46 30 Liabilities arising from share buy-backs 27 53 Derivative financial liabilities 0 250 Financial liabilities to financial service providers 0 154 Other current financial liabilities, as shown on the balance sheet disclosure 62,733 67,211 Other non-current financial liabilities comprise the following: (in T€) 30.6.2026 31.12.2025 Lease liabilities 128,768 124,556 Financial liabilities to leasing companies 22,405 24,541 Purchase price liabilities arising from the acquisition of shares in affiliated companies or acquired business units 2,424 2,735 Derivative financial liabilities 40 226 Other non-current financial liabilities, as shown on the balance sheet disclosure 153,637 152,058 B.13. Shareholders’ Equity The movements and components of Shareholders’ Equity for the reporting period and the comparative period are presented in the consolidated statement of changes in Shareholders’ Equity.
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26TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES C. Notes to the consolidated statement of total comprehensive income C.1. Revenue Revenue for the reporting and comparative periods is broken down as follows: (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 from the sale of goods 426,566 470,306 from the provision of services 349,318 333,479 Total 775,884 803,785 Thereof from the sale of goods 426,566 470,306 attributable to the Germany business segment 305,981 298,726 attributable to the International business segment 120,585 171,580 Thereof from the provision of services 349,318 333,479 attributable to the Germany business segment 194,680 200,888 attributable to the International business segment 154,638 132,591 (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Revenue from contracts with customers 763,176 791,094 Leasing revenue 12,708 12,691 Total 775,884 803,785 The following table shows how revenue from contracts with customers in the reporting and comparative periods is allocated according to the two methods provided for in IFRS 15 for the recognition of revenue from contracts with customers over time. The table also shows to which business segment the revenue from contracts with customers is attributable. (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Date of revenue recognition Products transferred at a specific point in time 413,858 457,615 Products and services transferred over a period of time 349,318 333,479 Total 763,176 791,094 of which attributable to the Germany business segment 502,560 499,332 attributable to the International business segment 260,616 291,762 C.2. Other operating income Other operating income for the reporting period of € 5,569 thousand (comparative period: € 5,412 thousand) relates primarily to operating foreign exchange gains of € 2,788 thousand (comparative period: € 3,890 thousand), income relating to prior periods of € 2,059 thousand (comparative period: € 676 thousand) and income from subleases amounting to € 624 thousand (comparative period: € 637 thousand). C.3. Material expenses/cost of purchased services Material expenses/cost of purchased services for the reporting period comprise expenditure on raw materials, consumables and supplies, and on purchased goods, amounting to € 364,997 thousand (comparative period: € 396,427 thousand) and costs for services purchased relating to the core business amounting to € 73,401 thousand (comparative period: € 76,810 thousand). In addition, reversals of impairment losses on inventories amounting to were € 227 thousand (comparative period: € 0 thousand) recognised. C.4. Personnel expenses Personnel expenses for the reporting and comparative periods are broken down as follows: (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Wages and salaries -195,889 -196,055 Social security contributions -42,037 -41,498 Expenses for retirement benefits -2,114 -2,088 Share-based payments with cash settlement -178 -180 Total -240,218 -239,821
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27TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES C.5. Depreciation Depreciation and amortisation for the reporting and comparative periods are as follows: (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Scheduled depreciation of property, plant and equipment -8,035 -7,132 Impairment losses on property, plant and equipment 0 0 Scheduled amortisation of software -5,984 -6,439 Impairment losses on software 0 0 Scheduled amortisation of right-of-use assets -13,760 -13,004 Impairment losses on rights of use 0 0 Scheduled amortisation on customer bases etc. -3,672 -4,533 Impairment losses on customer portfolios, etc. 0 0 Total -31,451 -31,108 C.6. Other operating expenses Other operating expenses for the reporting period and the comparative period are made up as follows: (in T€) 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Maintenance, repairs, servicing, licensing -13,733 -13,022 External services -6,018 -6,213 Vehicle costs -5,318 -5,142 Premises costs -4,970 -4,381 Entertainment and travel expenses -4,650 -4,553 Legal and consultancy costs -4,165 -6,856 Advertising costs -2,952 -1,956 Operating currency losses -2,020 -7,175 Cost of goods sold -1,947 -1,747 Training costs -1,358 -1,388 Insurance and other charges -1,300 -1,364 Communication and office costs -1,099 -1,182 Fees and costs of money transfers -674 -596 Stock exchange and representation costs -199 -170 Other operating expenses -2,956 -2,948 Total -53,359 -58,693 D. Other information D.1. Segment reporting Segment information is provided in accordance with the requirements of IFRS 8. The segment information is based on the segmentation used for internal management purposes. The CANCOM Group reports on two business segments – Germany and International. The Executive Board manages the CANCOM Group on the basis of the services, goods and software offered in these two business segments. All companies based in Germany form the Germany business segment. The International business segment therefore comprises all companies based outside Germany. The allocation of companies to the respective business segments can be found in the statement of ownership interests in the 2025 IFRS consolidated financial statements (see the 2025 Annual Report of CANCOM SE).
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28TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Segment information (in T€) Germany International Total business segments Reconciliation statement Consolidated 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Revenue Revenue from external customers 500,661 499,614 275,223 304,171 775,884 803,785 Inter-segment revenue 22,205 8,641 13,469 13,211 35,674 21,852 -35,674 -21,852 Total revenue 522,866 508,255 288,692 317,382 811,558 825,637 -35,674 -21,852 775,884 803,785 Material expenses/cost of purchased services -305,182 -302,275 -156,529 -181,091 -461,711 -483,366 23,540 10,129 -438,171 -473,237 Personnel expenses -145,631 -146,767 -94,587 -93,054 -240,218 -239,821 0 0 -240,218 -239,821 Other income and expenses -41,414 -45,468 -18,976 -20,243 -60,390 -65,711 12,134 11,723 -48,256 -53,988 EBITDA 30,639 13,745 18,600 22,994 49,239 36,739 0 0 49,239 36,739 Depreciation of property, plant and equipment, software and rights of use -21,072 -20,319 -6,707 -6,256 -27,779 -26,575 0 0 -27,779 -26,575 Scheduled amortisation on customer bases etc. -1,561 -1,877 -2,111 -2,656 -3,672 -4,533 0 0 -3,672 -4,533 Operating profit (EBIT) 8,006 -8,451 9,782 14,082 17,788 5,631 0 0 17,788 5,631 Interest income 1,660 2,027 1,112 1,054 2,772 3,081 -78 -225 2,694 2,856 Interest expense -1,675 -1,715 -1,736 -1,644 -3,411 -3,359 78 225 -3,333 -3,134 Other financial result (not affecting EBIT) 22 -570 -952 -1,623 -930 -2,193 0 0 -930 -2,193 Result before income taxes 8,013 -8,709 8,206 11,869 16,219 3,160 0 0 16,219 3,160 Income tax -2,911 2,492 -2,047 -2,931 -4,958 -439 0 0 -4,958 -439 Profit after taxes from discontinued operations 0 0 0 0 0 0 0 0 0 0 Profit for the period 5,102 -6,217 6,159 8,938 11,261 2,721 0 0 11,261 2,721
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29TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES Segment information (in T€) Germany International Total business segments Reconciliation statement Consolidated 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Revenue Revenue from external customers 500,661 499,614 275,223 304,171 775,884 803,785 Inter-segment revenue 22,205 8,641 13,469 13,211 35,674 21,852 -35,674 -21,852 Total revenue 522,866 508,255 288,692 317,382 811,558 825,637 -35,674 -21,852 775,884 803,785 Material expenses/cost of purchased services -305,182 -302,275 -156,529 -181,091 -461,711 -483,366 23,540 10,129 -438,171 -473,237 Personnel expenses -145,631 -146,767 -94,587 -93,054 -240,218 -239,821 0 0 -240,218 -239,821 Other income and expenses -41,414 -45,468 -18,976 -20,243 -60,390 -65,711 12,134 11,723 -48,256 -53,988 EBITDA 30,639 13,745 18,600 22,994 49,239 36,739 0 0 49,239 36,739 Depreciation of property, plant and equipment, software and rights of use -21,072 -20,319 -6,707 -6,256 -27,779 -26,575 0 0 -27,779 -26,575 Scheduled amortisation on customer bases etc. -1,561 -1,877 -2,111 -2,656 -3,672 -4,533 0 0 -3,672 -4,533 Operating profit (EBIT) 8,006 -8,451 9,782 14,082 17,788 5,631 0 0 17,788 5,631 Interest income 1,660 2,027 1,112 1,054 2,772 3,081 -78 -225 2,694 2,856 Interest expense -1,675 -1,715 -1,736 -1,644 -3,411 -3,359 78 225 -3,333 -3,134 Other financial result (not affecting EBIT) 22 -570 -952 -1,623 -930 -2,193 0 0 -930 -2,193 Result before income taxes 8,013 -8,709 8,206 11,869 16,219 3,160 0 0 16,219 3,160 Income tax -2,911 2,492 -2,047 -2,931 -4,958 -439 0 0 -4,958 -439 Profit after taxes from discontinued operations 0 0 0 0 0 0 0 0 0 0 Profit for the period 5,102 -6,217 6,159 8,938 11,261 2,721 0 0 11,261 2,721
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30TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES D.1.1. Basis of measurement for the results of the business segments The accounting policies applied in internal reporting on business segments correspond to the recognition and measurement policies described in Section A.3 of the consolidated financial statements for the financial year 2025. No asymmetric allocations are made when allocating assets and liabilities, as well as expenses and income, to reportable segments. Internal revenue is recognised either on a cost basis or on the basis of current market prices, depending on the nature of the service. Segment assets, segment liabilities and Investments are not presented, as the internal reporting system is based exclusively on profitability indicators by business segment for the purposes of group management. D.1.2. Reconciliation statements The ‘Reconciliation’ item includes items not directly related to the business segments. These include sales between business segments. D.1.3. Information on geographical areas and products and services (in T€) Revenue by customer location 1.1.2026 to 30.6.2026 1.1.2025 to 30.6.2025 Germany 458,318 475,478 Austria 218,638 231,337 Romania 23,419 22,955 Switzerland 22,755 22,305 Other countries 52,754 51,710 Group total 775,884 803,785 (in T€) Non-current assets 30.6.2026 31.12.2025 Germany 346,922 350,291 Austria 159,523 162,232 Other countries 11,170 12,083 Group total 517,615 524,606 Significant revenue and significant non-current assets allocated to foreign countries relate to Austria in the reporting period (comparative period: Austria). In both the reporting period and the comparative period, no revenue was generated from any single customer that accounted for 10 percent or more of the CANCOM Group’s revenue. There is therefore no obligation to disclose any dependencies on customers. Non-current assets include all non-current assets except deferred tax assets and financial instruments. No figures are provided for revenue from external customers for each product and service or for each group of comparable products and services, as the information is not available and the costs of gathering it would be excessively high.
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31TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES D.2. Further information on financial instruments The following table sets out the carrying amounts of financial assets and financial liabilities by measurement category in accordance with IFRS 9, as well as their fair values at the end of the reporting period (30 June 2026): (in T€) Carrying amount 30.6.2026 FA_AC1 FA_FVOCI2 FA_FVPL/ FL_FVPL3 FL_AC4 Keine Kategorie Fair value as at 30.6.2026Amortised cost Fair value Fair value Amortised cost Accounting in accordance with IFRS 16 and IAS 19 Current assets Cash and cash equivalents 21,486 21,486 21,486 Trade receivables 446,666 446,666 446,666 Other current non-financial assets 40,679 12,615 607 27,457 40,679 - Receivables from finance leases 27,422 27,422 - derivative financial assets 607 607 - other items 12,615 35 12,650 Non-current assets Financial assets and loans 33 33 33 Other non-current financial assets 43,080 5,699 5 37,376 41,317 - Receivables from finance leases 36,392 34,629 - derivative financial assets 5 5 - other items 5,699 984 6,683 Current liabilities Current liabilities to banks 22,713 22,713 22,713 Trade liabilities 337,633 337,633 337,633 Other current financial liabilities 62,733 491 23,262 38,980 62,733 - Lease liabilities 38,980 38,980 - contingent consideration in accordance with IFRS 3 491 491 - other items 23,262 23,262 Non-current liabilities Other non-current financial liabilities 153,637 2,464 22,405 128,768 / - Lease liabilities 128,768 / - contingent consideration in accordance with IFRS 3 2,424 2,424 - derivative financial liabilities 40 40 - other items 22,405 21,232 Total assets 551,944 486,466 33 612 / 64,833 550,181 Total liabilities and shareholders' equity 576,716 / / 2,955 406,013 167,748 / 1) Measurement category ‘financial assets measured at amortised cost’. 2) Measurement category ‘financial assets measured at fair value through Other comprehensive income’. 3) Measurement category ‘financial assets measured at fair value through profit or loss’ or ‘financial liabilities measured at fair value through profit or loss’. 4) Measurement category ‘financial liabilities measured at amortised cost’.
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32TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES The following table sets out the carrying amounts of financial assets and financial liabilities by measurement category in accordance with IFRS 9, as well as their fair values as at 31 December 2025: (in T€) Carrying amount 31.12.2025 FA_AC1 FA_FVOCI2 FA_FVPL/ FL_FVPL3 FL_AC4 Keine Kategorie Fair value at 31.12.2025 Amortised cost Fair value Fair value Amortised cost Accounting in accordance with IFRS 16 and IAS 19 Current assets Cash and cash equivalents 198,902 198,902 198,902 Trade receivables 431,315 431,315 431,315 Other current financial assets 63,411 32,397 31,014 63,411 - Receivables from finance leases 30,980 30,980 - other items 32,397 34 32,431 Non-current assets Financial assets and loans 33 33 33 Other non-current financial assets 46,942 5,776 41,166 45,179 - Receivables from finance leases 40,173 38,410 - other items 5,776 993 6,769 Current liabilities Current liabilities to banks 173 173 173 Trade liabilities 424,294 424,294 424,294 Other current financial liabilities 67,211 1,062 26,736 39,413 67,211 - Lease liabilities 39,413 39,413 - contingent consideration in accordance with IFRS 3 812 812 - derivative financial liabilities 250 250 - other items 26,736 26,736 Non-current liabilities Other non-current financial liabilities 152,058 2,962 24,540 124,556 / - Lease liabilities 124,556 / - contingent consideration in accordance with IFRS 3 2,735 2,735 - derivative financial liabilities 227 227 - other items 24,540 23,367 Total assets 740,603 668,390 33 0 / 72,180 738,840 Total liabilities and shareholders' equity 643,736 / / 4,024 475,743 163,969 / 1) Measurement category ‘financial assets measured at amortised cost’. 2) Measurement category ‘financial assets measured at fair value through Other comprehensive income’. 3) Measurement category ‘financial assets measured at fair value through profit or loss’ or ‘financial liabilities measured at fair value through profit or loss’. 4) Measurement category ‘financial liabilities measured at amortised cost’.
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33TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES For cash and cash equivalents (liquid funds) and for other current financial instruments, i.e. Trade receivables, other current financial assets, current liabilities to banks, trade liabilities and other current financial liabilities, the fair values correspond to the carrying amounts recognised in the balance sheet as at the respective reporting dates. The valuation of financial assets and financial liabilities at fair value is carried out, subject to the availability of relevant information, on the basis of the three levels of the measurement hierarchy set out in IFRS 13. For the first level, quoted market prices for identical assets and liabilities are directly observable in active markets. In the second level, measurement is carried out using valuation models that incorporate market-observable inputs (such as interest rates and exchange rates). The third level provides for the use of valuation models that do not rely on market-ob- servable inputs. For the securities included in the balance sheet item ‘Financial investments and loans’, fair value corresponds to the quoted price as at the reporting date multiplied by the number of units held (Level 1). The fair value of forward foreign exchange contracts is determined using a discounted cash flow method. Future payments are estimated on the basis of forward exchange rates (observable rates at the reporting date) and the contracted forward exchange rates, discounted at an interest rate that takes into account the credit risk of the various counterparties (Level 2). The fair values of long-term receivables arising from finance leases and other items within other non-current financial assets, as well as long-term liabilities to banks, are determined as the present values of the payments expected from the assets and liabilities, based on market interest rates for comparable financial instruments (Level 2). The fair values of lease liabilities are not disclosed, in accordance with IFRS 7.29(d). The fair values determined for contingent consideration arising from company acquisitions are based on various valuation models. As the respective valuation models incorporate not only market-observable input factors (such as risk-adjusted discount rates) but also company-specific (and therefore non-market-ob- servable) input factors, these are classified as Level 3. Specifically, these relate to the following matters: • three contingent purchase price liabilities incurred by the CANCOM Group in connection with the acquisition of the KBC Group (now the CANCOM Austria Group) in the financial year 2023; • •our contingent purchase price liabilities arising from the acquisition of SBSK GmbH & Co. KG, which were recognised for the first time in the financial year 2024. The contingent consideration received by the CANCOM Group in connection with the acquisition of the KBC Group arises from earlier acquisitions of K-Businesscom AG, St. Gallen, and Belsoft Infortix AG, Zurich. Belsoft Infortix AG was merged into K-Businesscom AG in the financial year 2023; K-Businesscom AG was renamed CANCOM Switzerland AG, Zurich. The contingent consideration consists of performance-related components (earn-outs); these are contingent payments dependent on the EBIT of the acquired companies for a total of three periods up to 31 December 2028, amounting to € 1,550 thousand (fair value as at 30 June 2026). The contingent consideration arising from the acquisition of the shares in SBSK GmbH & Co. KG consists of performance-related components (earn-outs); these are contingent payments dependent on the EBIT of the acquired company for a total of four periods up to 31 December 2027, amounting to € 1,365 thousand (fair value as at 30 June 2026). The following table shows the movement in the contingent consid- eration, which is classified at Level 3 of the fair value hierarchy, for the reporting period: (in T€) Contingent consideration Balance at 1 January 2026 3,547 Change arising from derecognition/revaluation 49 Disposals/settlements -681 Balance as at 30 June 2026 2,915
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34TO OUR SHAREHOLDERS | INTERIM GROUP MANAGEMENT REPORT | CONSOLIDATED FINANCIAL STATEMENTS | NOTES During the reporting period, unrealised expenses arising from revaluation amounted to € 49 thousand (comparative period: € 235 thousand), which were recognised under the item ‘Other financial expenses’ in the statement of profit for the period. D.3. Significant events after the reporting period There were no events significant to the CANCOM Group after the reporting period. RESPONSIBILITY STATEMENT BY THE LEGAL REPRESENTATIVES To the best of our knowledge, we confirm that, in accordance with the applicable accounting standards, the Group’s half-yearly financial statements give a true and fair view of the Group’s financial position, financial position and result of operations of the Group, and that the interim management report of CANCOM SE presents the course of business, including the result of operations and the position of the Group, in such a way as to give a true and fair view, and describes the significant opportunities and risks associated with the Group’s expected development. Munich, August 2026 The Executive Board of CANCOM SE Rüdiger Rath Thomas Stark CEO CFO This is a translation of CANCOM SE‘s interim report. Only the German version of the report is legally binding. No warranty is made as to the accuracy of the translation and the company assumes no liability with respect thereto. The company cannot be held responsible for any misunderstandings or misinterpretation arising from this translation.
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CANCOM SE Investor Relations Erika-Mann-Straße 69 80636 Munich Germany Phone +49 89 54054–5193 Fax +49 8225 996–45193 ir@cancom.de www.cancom.de