Interim report
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Interim Report We connect businesses and customers Q2 2026
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2 Group developements Q2 2026 3 Group development YTD (Q2 2026) 6 Group guidance 2026 7 Consolidated financial highlights 8 Results for 2026 and selected balance sheet items 9 Group quarterly financial highlights 11 Management’s Statement 14 Consolidated statement of comprehensive income 15 Consolidated balance sheet 16 Consolidated statement of changes in equity 17 Consolidated cash flow statement 18 Notes 19 Contents Management commentary Interim Report The Interim Report Q2-2026 has been prepared in Danish and English. The Danish text shall be the governing text for all purposes and in case of any discrepancy the Danish wording shall be ap- plicable.
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3 North Media A/S Interim Report, Q2 2026 3 Results Revenue As expected, consolidated revenue was down by 8% compared with Q2 2025. The decline was driven by lower printed matter and newspaper volumes in the Last Mile businesses, while overall Digital Services revenue was flat. The revenue performance was not satisfactory. EBITDA The 44% EBITDA decline was primarily attribut- able to Last Mile, where the lower revenue was not offset by falling capacity costs in FK Distri- bution and the positive impact of SDR’s changed business model, which now involves the use of distribution partners. In Digital Ser- vices, continued improvements of the EBITDA results of Dayli and Bekey did not outweigh a decline in Bolig-Portal. Unallocated costs in- clude one-off payments of DKK 4m in connec- tion with changes in the Group Executive Board and the Board of Directors in April 2026. EBIT EBIT reflected the lower EBITDA result. The EBIT margin was 4.1% against 9.5% in Q2 2025. Group developments Q2 2026 Financial results affected by expected volume decline Revenue, DKKm (Q2 2025) 314 (342) EBITDA, DKKm (Q2 2025) 27 (48) EBIT, DKKm (Q2 2025) 13 (32)
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4 North Media A/S Interim Report, Q2 2026 4 Last Mile (Q2 2025) (DKKm) • Down by 7% compared with the year-earlier period, revenue was slightly lower than expected. The decline was driven by a drop in printed matter and local newspaper volumes, which was partially offset by 86% revenue growth in the relatively small ’Select-ed mail’ product area, whose continued progress was driven by an inflow of new customers, partly due to the fact that PostNord stopped distributing maga- zines and direct mail at the end of 2025. • The share of routes handled by young deliverers increased. Based on research con- ducted by the Rockwool Foundation, the Danish Chamber of Commerce empha- sizes that the likelihood of doing well in the labour market increases by 90% if you have a part-time job at age 18. • The EBITDA decline was attributable to the lower revenue, which was not out- weighed by lower capacity costs. EBIT fell correspondingly. • The EBIT margin was 14.8%. Revenue 176 (189) EBITDA 30 (35) EBIT 26 (32) Revenue 272 (300) EBITDA 29 (46) EBIT 20 (34) EBIT margin 7% (11%) • Revenue was down by 14% compared with the same period last year due to an ex- pected decline in printed matter and local newspaper volumes. The decline was not offset by a positive effect of previously implemented price adjustments. • SDR monitors the impact of printed matter on an ongoing basis. External measure- ments conducted during the second quarter of 2026 underscored the strength and im-portance of printed matter in driving increased retail sales. SDR uses these find- ings in its dialogue with existing and new customers on increased printer matter volumes. • The lower EBITDA result was attributable to revenue developments, while the im- pact of the redesign of the distribution model from franchise concept to the use of distribution partners contributed favourably to performance. EBIT fell correspond- ingly. • On 2 July 2026, SDR registered an IT security incident involving unauthorised exter- nal access to SDR’s internal IT infrastructure. See note 7. Revenue 96 (111) EBITDA -1 (11) EBIT -6 (2) Group developments Q2 2026
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5 North Media A/S Interim Report, Q2 2026 5 Group developments Q2 2026, continued Digital Services (Q2 2025) (DKKm) • BoligPortal recorded revenue in line with last year. Vacancy rates in the Danish housing market remain low, which resulted in fewer rental listings and lower reve- nue from landlords. This performance was not satisfactory. • BoligPortal’s project letting concept, which was launched in Q3 2025, recorded sat- isfactory growth. • The lower EBITDA result was attributable to one-off costs for the ReData case and continued investments in a single universe for landlords and tenants. As a conse- quence, EBIT fell as well. Revenue 29 (30) EBITDA 7 (9) EBIT 6 (8) Revenue 42 (42) EBITDA 1 (2) EBIT 0 (0) EBIT margin 0% (1%) • Revenue was down by 8% year on year as a result of lower new sales for the offer plat-form ‘MineTilbud’. It took longer than anticipated to generate new sales for the Publisher platform. • Publisher allows customers to produce and publish their own content for a number of online platforms. In the second quarter of 2026, Dayli launched new functionality for local marketing and multi-channel distribution. • Despite the lower revenue, EBITDA and EBIT losses were contained by lower ad- ministrative expenses and development costs. Revenue 7 (7) EBITDA -3 (-4) EBIT -3 (-4) • Revenue increased by 11% year on year, once again driven by the Homecare DK seg- ment. Income from licences and services accounted for 83% of revenue (87%) fol- lowing slightly increased hardware sales in the quarter. • Bekey continued the roll-out of an optimised solution for the Property segment, which was launched in the first quarter of 2026. • A sharper business focus, more efficient processes and a stronger business culture resulted in a reduced EBIT loss, primarily driven by lower staff and marketing costs. Revenue 6 (5) EBITDA -3 (-3) EBIT -3 (-4)
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6 North Media A/S Interim Report, Q2 2026 6 Financial results Revenue Consolidated revenue fell by 7% relative to the year-earlier period, mainly due to falling printed matter volumes and fewer local news- papers in Last Mile. In Digital Services, revenue was down by 1% as Bekey’s growth did not off- set lower revenue in BoligPortal and Dayli. EBITDA The lower EBITDA result was attributable to Last Mile, as growth in FK Distribution, driven by lower capacity costs, did not offset the im- pact of lower revenue in SDR. In Digital Ser- vices, the EBITDA growth reported by Dayli and Bekey was out-weighed by a decline in BoligPortal. EBIT Earnings reflected the EBITDA performance and the factors driving it. The EBIT margin was 2.8% against 4.7% in Q2 2025. Current status on strategic projects 2026 As expected • The implementation of FK Distribution’s customer portal on fk.dk was completed. • In BoligPortal, the Pro universe for the let- ting of project units grew as planned. • Dayli maintained cost management in or- der to reduce the EBIT loss. • Bekey’s launch of new solution for the Property segment. Not as expected • Continued development of FK Distribu- tion’s business model for a changed prod- uct mix. • SDR’s development of a digital NoAds scheme in Sweden is taking longer than ex- pected due to structural challenges. • In BoligPortal, the performance by DataIn- sights was not satisfactory. • In Dayli, it took longer than anticipated to generate new sales for the Publisher plat- form. Group development YTD (Q2 2026) Improved earnings in FK Distribution outweighed by SDR performance Revenue, DKKm (Q2 YTD 2025) 608 (653) EBITDA, DKKm (Q2 YTD 2025) 46 (59) EBIT, DKKm (Q2 YTD 2025) 17 (31)
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7 North Media A/S Interim Report, Q2 2026 7 As announced in company announcement no. 10 of 18 August 2026, the Group downgraded and narrowed its guidance for 2026. Due to slower implementation of new value propositions in Last Mile and weaker market trends in Digital Services, the revenue guid- ance was adjusted downwards The reduced revenue affects EBITDA and EBIT. In addition, EBIT is reduced due to a minor ac- quisition with expected takeover on 1 Septem- ber 2026 of the BEAM software platform for grid balancing, as well as several one-off costs, including those related to the IT incident in SDR. Main assumptions • An expected decline in volumes in FK Dis- tribution of about 5% for printed matter and about 15% for local weekly newspapers. • An expected decline in volumes in SDR of about 10% for leaflets and local weekly news-papers. • A limited revenue from new value proposi- tions and changed product mix in Last Mile. • The more stable financial performance since 2025 continuing and a growing level of consumer confidence in terms of buying consumables and renting homes. • Continued EBIT improvement in Dayli and Bekey thanks to stronger market positions, new value propositions and operational im- provements. Group EBIT and EBITDA guidance for 2026 downgraded and narrowed Revenue, DKKm (previous guidance) 1.248 – 1.285 (1.267 - 1.320) EBITDA, DKKm (previous guidance) 122 – 142 (133 - 161) EBIT, DKKm (previous guidance) 64 – 84 (75 - 103) Updated guidance 2026 18 August 2026 Previous guidance 2026 12 May 2026 Company DKKm Revenue EBITDA EBIT Revenue EBITDA EBIT Last Mile FK Distribution 725 - 735 135 – 145 120 – 130 735 - 755 135 - 145 120 – 130 SDR 355 - 375 -18 to -12 -44 to -38 355 - 375 -16 to -5 -42 to -31 Last Mile, total 1,080 – 1,110 117 - 133 76 - 92 1,090 – 1,130 119 – 140 78 - 99 Digital Service BoligPortal 117 – 121 34 – 36 31 – 33 120 - 129 36 – 39 33 - 36 Dayli 27 - 28 -9 to -8 -11 to -10 31 - 33 -9 to -7 -11 to -9 Bekey 24 – 25 -10 to -9 -10 to -9 26 – 28 -10 to -8 -10 to -8 Digital Services, total 168 - 175 15 – 19 10 – 14 177 - 190 17 - 24 12 - 19 Unallocated income/cost - -10 -22 - -3 -15 Total, Group 1,248 – 1,285 122 - 142 64 - 84 1,267 – 1,320 133 - 161 75 - 103
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8 North Media A/S Interim Report, Q2 2026 8 Consolidated financial highlights Q2 Q2 YTD full year DKKm 2026 2025 2026 2025 2025 Income statement Revenue 314.3 342.3 608.0 652.8 1,296.0 Gross profit 150.8 169.2 288.6 306.0 604.1 EBITDA 27.1 48.4 46.1 59.0 124.6 Amortisation, depreciation and impair- ments 14.3 16.0 29.0 28.0 58.4 EBIT 12.9 32.4 17.1 31.0 66.2 Return on securities 166.5 92.7 126.8 -59.0 15.6 Financials, net -1.6 -2.8 -2.3 -3.9 -7.1 Profit/loss before tax 177.3 122.2 141.2 -31.8 75.1 Tax for the period -40.2 -26.0 -35.4 2.7 -21.0 Net profit, continuing operations 137.1 96.2 105.8 -29.1 54.1 Net profit, discontinued operations 0.0 0.2 0.2 10.6 12.1 Net profit/loss for the period 137.1 96.4 106.0 -18.5 66.2 Comprehensive income 136.6 95.7 105.6 -18.5 67.2 Net profit for the period excluding return on securities 7.2 24.1 7.1 27.5 54.0 Balance sheet, end period Total assets - - 1,611.3 1,442.5 1,541.3 Shareholders' equity - - 1,296.5 1,127.8 1,213.5 Net interest-bearing cash position - - 869.5 683.6 766.2 Properties - - 227.5 235.0 233.3 Mortgage Debt - - -96.3 -101.2 -98.8 Capital resources - - 1,029.6 824.8 927.3 Net working capital (NWC) - - -20.4 -27.0 -21.0 Invested capital - - 427.0 444.2 447.3 Investments in property, plant and equip- ment - - 5.4 19.3 64.9 Free cash flow - - 38.9 -3.0 68.9 Q2 Q2 YTD full year DKKm 2026 2025 2026 2025 2025 Cash flow statement Cash flows from operating activities 23.1 48.8 14.4 25.8 84.0 Cash flows from investing activities -8.1 -14.5 -9.6 20.1 -0.1 Cash flows from financing activities -26.2 -20.0 -31.6 -21.4 -22.3 Total cash flows -11.2 14.3 -26.8 24.5 61.6 Total cash flows, discontinued activities 0.0 0.2 0.2 10.6 12.1 Other information Average number of employees - - 592 648 627 Number of shares of DKK 5 nominal value each, end of period (thousands) - - 20,055 20,055 20,055 Treasury shares (thousands) - - 2,031 2,030 2,030 Share price end of period, DKK - - 45.4 39.5 47.7 Ratios Gross margin (%) 48.0% 49.4% 47.5% 46.9% 46.6% EBIT margin (%) 4.1% 9.5% 2.8% 4.7% 5.1% Equity ratio (%) - - 80.5% 78.2% 78.7% Return on equity (ROE) (%) 1) - - 16.9% -3.3% 5.6% Return on capital employed (ROIC) 1) - - 7.8% 14.3% 15.2% Earnings per share (EPS) 7.6 5.3 5.9 -1.0 3.7 Diluted earnings per share (EPS-D) 7.6 5.3 5.9 -1.0 3.7 Earnings per share excluding return on se- curities (EPS-adj) 0.4 1.3 0.4 1.5 3.0 Price/Book Value (P/BV) - - 0.7 0.7 0.8 Cash flow per share (CFPS) 1.3 2.7 0.8 1.4 4.6 For ratio definitions, see note 3 to the 2025 Annual Report. 1) Profit for the period annualised
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9 North Media A/S Interim Report, Q2 2026 9 Results in associates – Karman Connect In the 50% owned fintech company Karman Connect A/S, revenue increased by 15% to DKKm 30.5 in Q2 2026 YTD driven by the Con- sumer Services business area. Earnings (EBIT) decreased by DKKm 1.5 to DKKm negative 1.2 and was due to continued optimization of IT in- frastructure and commercialisation of Con- sumer Services. Return on securities The return on the portfolio of securities in the Group's capital resources was a net DKKm 126.8 (Q2 YTD 2025: a negative return of DKKm 59). This equalled a return of 15.4% compared with a negative return of 7.2% last year. By comparison, the MSCI World index produced a positive return of 8.9% in Q2 YTD 2026 and a positive return of 8.6% in 2025. Net result for the period The Group recorded a profit after tax of 106 DKKm 31 for the Q2 YTD 2026 period (Q2 YTD 2025: a loss of DKKm 1). The improvement was due to an decrease operating profit (EBIT), of DKKm 14, at the same time, returns on securi- ties increased by DKKm 127. Earnings per share (exclusive of the return on securities) for Q2 YTD 2026 were DKK 0.4 (Q2 YTD 2025: DKK 1.5 per share). Earnings per share (diluted) for Q2 YTD 2026 were at DKK 5.9 (Q2 YTD 2025: at DKK -1.0). Cash flows from operating activities Cash flows from operating activities were a net inflow of DKKm 14 (Q2 YTD 2025: a net inflow of DKKm 26). The working capital had a negative impact on liquidity by DKKm 0.4 (Q2 2025 YTD: DKKm -19), while EBITDA in 2026 was DKKm 13 lower than the same period last year. Investments in intangible and tangible assets include updating technical facilities used in the parcel terminals in Taastrup and Tilst. The free cash flow amounted to a net cash in- flow of DKK 39 (Q2 YTD 2025: a net cash out- flow of DKK 3m). Securities portfolio After a minor rebalancing in the quarter, the securities port-folio contained 12 liquid listed companies with a total market value of DKKm 944 (End of 2025: DKKm 815). Since 31 December 2015, the value of the secu- rities portfolio has appreciated from DKKm 196 to DKKm 994. Of this value accretion, DKKm 720 was driven by capital value appreciation, while the remaining DKKm 28 derived from net sales. The portfolio risk at 30 June 2026 was calcu- lated at 25.2% (31 December 2025: 18.4%). Risk is calculated as the annualised standard devia- tion measured over the past 90 days of trading. Value at risk, reflecting the maximum negative return over a three-month period at a 95% probability, amounted to DKK 198.2m. The value of the securities portfolio at 31 July 2026 was DKK 927.2m, and a return of negative DKK 16.4m was recorded for the month of July. Core business activities, results and balance sheet items for 2026 Quarterly returns on securities, DKKm 155.7 141.2 -86.5 7.0 -151.7 92.7 74.6 0.0 -39.7 166.5 Q1 Q2 Q3 Q4 2024 2025 2026
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10 North Media A/S Interim Report, Q2 2026 10 Capital resources The Group had capital resources of DKK 1.030m at 30 June 2026, of which DKK 86m was in cash and DKK 944m in liquid securities (31 Decem- ber 2025: DKK 927m). Since 31 December 2025, capital resources have increased by 103 DKKm, which was due to EBIT (DKK 17m, value adjustments on securities (DKK 127m), investment securities (DKK 7m), purchase and sale of assets (DKK 6m) and pay- ment of corporate tax for 2025 (DKK 28m). Other securities and investments North Media has committed to investing a to- tal of EUR 4m in the infrastructure funds of Co- penhagen Infrastructure Partners, which in- tends to invest in offshore and onshore wind, solar energy, storage technology, etc. over the coming years. Payments made to date amount to EUR 2.1m (approximately DKK 15.0m). The net value after recognition of prof-it/loss and offsetting of payments is recognised under Other investments. The Group’s properties The Group owns a number of properties, mainly including the head offices in Søborg, Taastrup and Tilst. The properties were recog- nised at a total carrying amount of DKK 243m (31 December 2025: DKK 254m) and were mort- gaged against long-term, fixed-rate loans at a total of DKK 96m (31 December 2025: DKK 99m). The Group’s business segments pay rent on market terms for the use of the properties. Equity and the portfolio of treasury shares Equity amounted to DKK 1,197m at 30 June 2026, up DKK 83m on 31 December 2025. The increase in equity was attributable to the loss for the period of DKK 106m and distribution of dividends of DKK 23 million. The Group held a portfolio of 2,030,097 treasury shares at 30 June 2026, which was equal to 10.12% of the share capital of North Media A/S, unchanged from 31 December 2025. North Media-share At 30 June 2026, the North Media share was priced at DKK 45.4 (31 December 2025: DKK 47.7), down 5%. By comparison, the OMX Copenhagen Small Cap index gained 3.6% during the same period. Purpose of capital resources • To maintain sufficient financial strength to exploit market opportu- nities, meet strategic objectives and to fend off changes in competition • To have the financial strength to ac- quire businesses that hold a poten- tial for positive synergies and scala- bility • To be financially robust enough to withstand society lockdowns and other significant changes • To remain independent of bank debt and of capital contributions from shareholders. North Media will only raise debt in the form of long- term mortgage loans secured against the Group’s real property Quarterly returns on securities • Liquid listed shares and investment associations • Industries offering growth potential, also on a 5Y-10Y horizon • Focused portfolio of 8-25 securities • Long-term and value-preserving monetary placement Securities portfolio market value (DKKm) 31.07.2026 30.06.2026 31.12.2025 NVIDIA Corp 261.3 262.5 237.0 Microsoft 105.9 85.7 107.5 Novo Nordisk 92.0 94.4 97.6 Apple 100.5 94.9 86.4 Teradyne 143.6 190.4 73.8 Amazon 70.7 62.5 58.6 Maj Invest UCITS ETF Defence 24.4 23.7 43.0 Genmab 37.2 35.9 40.5 MercadoLibre 36.7 33.4 38.4 Sea LtD 13.9 12.6 24.3 NKT 35.4 39.0 0.0 Space Exploration Technologies 5.6 8.6 0.0 Hexagon 0.0 0.0 7.6 Total 927.2 943.6 814.7
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11 North Media A/S Interim Report, Q2 2026 11 Revenue Q2 YTD Q2 Q1 Q4 Q3 Q2 Q1 DKKm 2026 2025 2026 2025 Revenue Last Mile FK Distribution, packing and distribution 342.3 358.1 176.3 166.0 219.5 166.2 188.7 169.4 Index cp. same period last year 95.6 93.0 93.4 98.0 106.7 96.1 96.0 93.0 SDR, Svensk Direktreklam 181.1 208.9 96.3 84.8 98.2 80.7 111.8 97.1 Index cp. same period last year 86.7 103.2 86.1 87.3 102.7 94.6 105.9 103.2 Last Mile, total 523.4 567.0 272.6 250.8 317.7 246.9 300.5 266.5 Index cp. same period last year* 92.3 96.5 90.7 94.1 105.4 95.6 99.4 96.5 Digital Services BoligPortal 57.2 58.6 29.3 27.9 28.3 29.1 29.4 29.2 Index cp. same period last year 97.6 108.3 99.7 95.5 104.4 97.3 106.9 109.8 Dayli (MineTilbud) 15.7 16.1 6.4 9.3 5.0 4.6 7.0 9.1 Index cp. same period last year 97.5 87.5 91.4 102.2 89.3 80.7 89.7 87.5 Bekey 11.7 11.1 6.0 5.7 5.8 5.8 5.4 5.7 Index cp. same period last year 105.4 98.2 111.1 100.0 96.7 103.6 96.4 100.0 Digital Services, total 84.6 85.8 41.7 42.9 39.1 39.5 41.8 44.0 Index cp. same period last year* 98.6 102.6 99.8 97.5 101.0 95.9 102.2 103.0 Revenue, total 608.0 652.8 314.3 293.7 356.8 286.4 342.3 310.5 Index cp. same period last year 93.1 97.4 91.8 94.6 104.9 95.7 99.8 97.4 Group quarterly financial highlights - revenue
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12 North Media A/S Interim Report, Q2 2026 12 EBITDA Q2 YTD Q2 Q1 Q4 Q3 Q2 Q1 DKKm 2026 2025 2026 2025 EBITDA Last Mile FK Distribution 56.2 53.2 29.7 26.5 53.4 19.6 35.2 18.0 EBITDA % 16.4% 14.9% 16.8% 16.0% 24.3% 11.8% 18.7% 10.6% SDR, Svensk Direktreklam -10.0 5.1 -0.4 -9.6 5.6 -8.7 10.7 -5.6 Last Mile -5.5% 2.4% -0.4% -11.3% 5.7% -10.8% 9.6% -5.8% Last Mile, total 46.2 58.3 29.3 16.9 59.0 10.9 45.9 12.4 EBITDA % 8.8% 10.3% 10.7% 6.7% 18.6% 4.4% 15.3% 4.7% Digital Services BoligPortal 12.2 17.3 6.9 5.3 7.4 9.1 8.9 8.4 EBITDA % 21.3% 29.5% 23.5% 19.0% 26.1% 31.3% 30.3% 28.8% Dayli (MineTilbud) -2.4 -6.6 -3.0 0.6 -2.8 -3.4 -3.7 -2.9 EBITDA % -15.3% -41.0% -46.9% 6.5% -56.0% -73.9% -52.9% -31.9% Bekey -4.9 -7.0 -2.5 -2.4 -2.5 -2.4 -3.5 -3.5 EBITDA % -41.9% -63.1% -41.7% -42.1% -43.1% -41.4% -64.8% -61.4% Digital Services, total 4.9 3.7 1.4 3.5 2.1 3.3 1.7 2.0 EBITDA % 5.8% 4.3% 3.4% 8.2% 5.4% 8.4% 4.1% 4.5% Unallocated income/cost -5.0 -3.0 -3.6 -1.4 -7.6 -2.1 0.8 -3.8 EBITDA 46.1 59.0 27.1 19.0 53.5 12.1 48.4 10.6 EBITDA % 7.6% 9.0% 8.6% 6.5% 15.0% 4.2% 14.1% 3.4% Group quarterly financial highlights - EBITDA
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13 North Media A/S Interim Report, Q2 2026 13 EBIT Q2 YTD Q2 Q1 Q4 Q3 Q2 Q1 DKKm 2026 2025 2026 2025 EBIT Last Mile FK Distribution 48.9 46.5 26.3 22.6 49.6 16.5 31.8 14.7 EBIT margin 14.3% 27.4% 14.9% 13.6% 22.6% 9.9% 16.9% 8.7% SDR, Svensk Direktreklam -22.6 -9.7 -6.6 -16.0 -2.5 -15.1 2.4 -12.1 EBIT margin -12.5% -4.6% -6.9% -18.9% -2.5% -18.7% 2.1% -12.5% Last Mile, total 26.3 36.8 19.7 6.6 47.1 1.4 34.2 2.6 EBIT margin 5.0% 6.5% 7.2% 2.6% 14.8% 0.6% 11.4% 1.0% Digital Services BoligPortal 10.6 15.7 6.1 4.5 6.6 8.3 8.2 7.5 EBIT margin 18.5% 26.8% 20.8% 16.1% 23.3% 28.5% 27.9% 25.7% Dayli (MineTilbud) -3.5 -7.7 -3.6 0.1 -3.3 -3.9 -4.3 -3.4 EBIT margin -22.3% -47.8% -56.3% 1.1% -66.0% -84.8% -61.4% -37.4% Bekey -5.0 -7.1 -2.5 -2.5 -2.5 -2.4 -3.5 -3.6 EBIT margin -42.7% -64.0% -41.7% -43.9% -43.1% -41.4% -64.8% -63.2% Digital Services, total 2.1 0.9 0.0 2.1 0.7 2.0 0.4 0.5 EBIT margin 2.5% 1.0% 0.0% 4.9% 1.8% 5.1% 1.0% 1.1% Unallocated income/cost -11.3 -6.7 -6.8 -4.5 -10.9 -5.1 -2.2 -4.5 EBIT 17.1 31.0 12.9 4.2 36.9 -1.7 32.4 -1.4 Group quarterly financial highlights - EBIT
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14 North Media A/S Interim Report, Q2 2026 14 The Board of Directors and the Executive Board have today considered and approved the Consolidated Interim Report of North Me- dia A/S for the period 1 January to 30 June 2026. The Consolidated Interim Report, which has not been audit-ed or reviewed by the auditors of the company, has been prepared in accord- ance with IAS 34 ‘Interim Financial Re-porting’ as adopted by the EU and Danish disclosure re- quirements for interim reports of listed compa- nies. In our opinion, the interim consolidated finan- cial statements give a true and fair view of the Group’s assets, liabilities and financial position at 30 June 2026 and of the results of the group’s operations and cash flows for the three months ended 30 June 2026. In our opinion, the management commentary includes a true and fair account of develop- ments in the operations and financial circum- stances of the Group, of the results for the pe- riod and of the financial position. Other than as described in the management commentary of this Interim Report, there have been no signifi- cant changes to the Group’s risks and ele- ments of uncertainty compared to the descrip- tion provided in the 2025 Annual Report. Management’s statement Søborg 20 August 2026 Executive Board Martin Frandsen Tobberup Group CEO and CDO Christian Deichmann Group CFO Lisbeth Britt Larsen Group CHRO Board of Directors Lasse Ingemann Brodt Chairman Richard Gustav Bunck Vice Chairman Ulrik Holsted-Sandgreen Ulrik Falkner Thagesen Ann-Sofie Østberg Bjergby
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15 North Media A/S Interim Report, Q2 2026 15 Consolidated statement of comprehensive income Q2 Q2 YTD full year DKKm 2026 2025 2026 2025 2025 Revenue 314.3 342.3 608.0 652.8 1,296.0 Direct costs 84.0 91.8 164.7 189.9 374.7 Direct staff costs 79.4 81.3 154.7 156.9 317.2 Gross profit 150.8 169.2 288.6 306.0 604.1 Staff costs 89.2 84.7 172.2 171.2 340.0 Other external costs 35.8 37.4 73.2 79.3 146.5 Amortisation, depreciation and im- pairments 14.3 16.0 29.0 28.0 58.4 Other operating income 1.3 1.3 2.9 3.5 7.0 Operating profit (EBIT) 12.9 32.4 17.1 31.0 66.2 Share of profit/loss in associates -0.4 -0.1 -0.4 0.1 0.4 Return on securities 166.5 92.7 126.8 -59.0 15.6 Financial income -0.1 -0.1 0.4 0.1 0.6 Financial costs -1.5 -2.7 -2.7 -4.0 -7.7 Profit/loss before tax 177.3 122.2 141.2 -31.8 75.1 Tax on profit/loss for the period -40.2 -26.0 -35.4 2.7 -21.0 Net profit, continuing operations 137.1 96.2 105.8 -29.1 54.1 Net profit, discontinued operations 0.0 0.2 0.2 10.6 12.1 Net profit for the period 137.1 96.4 106.0 -18.5 66.2 Attributable, net profit/loss Shareholders in North Media A/S 137.1 96.4 106.0 -18.5 66.2 137.1 96.4 106.0 -18.5 66.2 Q2 Q2 YTD full year DKKm 2026 2025 2026 2025 2025 Earnings per share, in DKK Earnings per share (EPS) - total 7.6 5.3 5.9 -1.0 3.7 Diluted earnings per share (EPS-D) - total 7.6 5.3 5.9 -1.0 3.7 Earnings per share excluding re- turn on securities (EPS-adj) 0.4 1.3 0.4 1.5 3.0 Net profit for the period 137.1 96.4 106.0 -18.5 66.2 Financial statement items that may later be reclassified to the in- come statement: Translation adjustments net profit, foreign companies -0.5 -0.7 -0.4 0.0 1.0 Other comprehensive income -0.5 -0.7 -0.4 0.0 1.0 Comprehensive income 136.6 95.7 105.6 -18.5 67.2 Attributable, comprehensive in- come Shareholders in North Media A/S 136.6 95.7 105.6 -18.5 67.2 Comprehensive income 136.6 95.7 105.6 -18.5 67.2
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16 North Media A/S Interim Report, Q2 2026 16 Consolidated balance sheet Assets 30 June 30 June 31 Dec DKKm 2026 2025 2025 Goodwill 41,3 41,0 41,0 Other intangible assets 95,4 109,6 102,6 Software 9,2 10,6 12,0 Intangible assets 145,9 161,2 155,6 Land and buildings 242,8 260,6 253,5 Plant and machinery 43,9 38,2 44,0 Operating equipment, fixtures and fittings 18,9 20,9 21,0 Property, plant and equipment 305,6 319,7 318,5 Investments in associates 9,6 9,7 10,0 Other securities and investments 11,2 10,1 10,3 Other receivables 1,7 0,5 1,5 Other non-current assets 22,5 20,3 21,8 Total non-current assets 474,0 501,2 495,9 Inventories 4,3 6,6 5,2 Trade receivables 62,0 73,6 73,5 Income tax receivables 0,0 0,0 0,0 Other receivables 9,4 2,5 10,0 Prepayments 32,0 33,8 29,4 Securities 943,6 750,8 814,7 Cash at bank and in hand 86,0 74,0 112,6 Total current assets 1.137,3 941,3 1.045,4 Total assets 1.611,3 1.442,5 1.541,3 Equity and liabilities 30 June 30 June 31 Dec DKKm 2026 2025 2025 Share capital 100,3 100,3 100,3 Reserve, translation adjustments -1,1 -1,7 -0,7 Retained earnings 1.197,3 1.029,2 1.113,9 Total equity 1.296,5 1.127,8 1.213,5 Deferred tax 24,9 29,5 26,1 Financial institutions 91,3 96,3 93,8 Lease debt 15,4 23,7 18,1 Total non-current liabilities 131,6 149,5 138,0 Financial institutions 5,0 4,9 5,0 Lease debt 11,8 15,4 15,6 Trade payables 27,8 37,0 43,7 Income tax payable 36,6 0,9 28,6 Contract liabilities 2,6 0,0 1,4 Other payables 99,4 107,0 95,5 Total current liabilities 183,2 165,2 189,8 Total liabilities 314,8 314,7 327,8 Total equity and liabilities 1.611,3 1.442,5 1.541,3
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17 North Media A/S Interim Report, Q2 2026 17 Consolidated statement of changes in equity DKKm Share capital Reserve, transla- tion adjustments Retained earnings Total equity Equity 1 January 2025 100.3 -1.7 1,047.7 1,146.3 Changes in equity for the period Net profit for the period 0.0 0.0 -18.5 -18.5 Other comprehensive income after tax 0.0 0.0 0.0 0.0 Total comprehensive income 0.0 0.0 -18.5 -18.5 Changes in equity for the period 0.0 0.0 -18.5 -18.5 Equity at 30 June 2025 100.3 -1.7 1,029.2 1,127.8 Equity 1 January 2026 100.3 -0.7 1,113.9 1,213.5 Changes in equity for the period Net profit for the period 0.0 0.0 106.0 106.0 Translation adjustments, foreign companies 0.0 -0.4 0.0 -0.4 Other comprehensive income after tax 0.0 -0.4 0.0 -0.4 Total comprehensive income 0.0 -0.4 106.0 105.6 Dividend paid 0.0 0.0 -25.1 -25.1 Dividend on treasury shares 0.0 0.0 2.5 2.5 Changes in equity for the period 0.0 -0.4 83.4 83.0 Equity at 30 June 2026 100.3 -1.1 1,197.3 1,296.5
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18 North Media A/S Interim Report, Q2 2026 18 Consolidated cash flow statement Q2 Q2 YTD DKKm 2026 2025 2026 2025 Net profit for the period, continued activities 137.1 96.2 105.8 -29.1 Net profit for the year, discontinuing activities Adjustments for non-cash items etc. -109.9 -47.9 -59.7 90.9 Changes in working capital -1.9 2.6 -0.4 -19.3 Cash flow from operating activities before net finan- cials 25.3 50.9 45.7 42.5 Interest received -0.1 -0.1 0.4 0.1 Interest paid -2.0 -3.4 -3.1 -3.9 Cash flow from ordinary activities before tax 23.2 47.4 43.0 38.7 Income tax paid -0.1 1.4 -28.6 -12.9 Cash flow from operating activities, continuing op- erations 23.1 48.8 14.4 25.8 Cash flow from operating activities, discontinued oper- ations 0.0 0.2 0.2 10.6 Cash flow from operating activities, total 23.1 49.0 14.6 36.4 Q2 Q2 YTD full year DKKm 2026 2025 2026 2025 2025 Investments in intangible and tangible assets -2.7 -17.9 -6.5 -42.9 -55.1 Sale of property, plant and equipment 0.1 0.5 0.2 19.5 20.2 Dividend from associates 0.0 0.0 0.0 0.0 2.0 Investment in securities -27.4 0.0 -43.7 41.4 -107.3 Divestment of securities 22.1 0.0 38.2 0.0 157.7 Dividend from securities 0.7 2.8 3.4 3.1 4.9 Purchase of subsidiary 0.0 0.0 0.0 0.0 -20.3 Investments in other non-current assets -0.9 0.0 -0.9 -1.1 -2.2 Sale of other non-current assets 0.0 0.1 -0.3 0.1 0.0 Cash flow from investing activities, contin- uing operations -8.1 -14.5 -9.6 20.1 -0.1 Cash flow from investing activities, discontin- ued operations 0.0 0.0 0.0 0.0 16.5 Cash flow from investing activities, total -8.1 -14.5 -9.6 20.1 16.4 Repayment of non-current liabilities -3.6 -20.0 -9.0 -21.4 -22.3 Dividend paid -22.6 0.0 -22.6 0.0 0.0 Cash flow from financing activities, contin- uing operations -26.2 -20.0 -31.6 -21.4 -22.3 Cash flow from financing activities, discontin- ued operations 0.0 0.0 0.0 0.0 0.0 Cash flow from financing activities, total -26.2 -20.0 -31.6 -21.4 -22.3 Total cash flow for the period -11.2 14.5 -26.6 35.1 73.7 Cash and cash equivalents beginning of pe- riod 97.2 59.5 112.6 38.9 38.9 Cash and cash equivalents, end of period 86.0 74.0 86.0 74.0 112.6
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19 North Media A/S Interim Report, Q2 2026 19 The consolidated interim financial statements include a summary of the consolidated finan- cial statements of North Media A/S for the pe- riod 1 January to 30 June 2026. The consoli- dated interim financial statements are pre- sented in accordance with IAS 34, Interim Fi- nancial Reporting, as adopted by the EU and additional Danish disclosure requirements for interim reports of listed companies. At the date of publication of this interim report, a number of new or amended standards and interpretations have been approved by the IASB, but none of these are expected to have a material influence on North Media A/S. In the consolidated interim financial state- ments, income tax on profit or loss before tax is All securities are stated at market value at 30 June 2026 (level 1). calculated at a rate of 22.0% / 20.6%, adjusted for major permanent differences. The accounting policies applied in the consoli- dated interim financial statements are con- sistent with those applied in the Annual Report for 2025. For purposes of the recognition of the Swedish activities at 30 June 2026, the key as- sumptions for 2027 onwards are unchanged relative to those applied at 31 December 2025, which are stated in note 14, page 136, of the An- nual Report for 2025 under ‘Carrying amount and key assumptions for impairment testing’, the main assumption being that distribution volumes and market prices develop as planned. Note 1 – Accounting policies Note 2 – Return on securities Note 3 – Adjustment for non-cash operating items Q2 Q2 YTD full year DKKm 2026 2025 2026 2025 2025 Dividend 0.7 2.7 3.4 3.1 4.9 Return on securities, net 165.8 90.0 123.4 -62.1 10.7 Total return on securities 166.5 92.7 126.8 -59.0 15.6 Q2 Q2 YTD helår DKKm 2026 2025 2026 2025 2025 Share of profit/loss in associates 0.4 0.1 0.4 -0.1 -0.4 Tax on profit/loss for the year 40.2 26.0 35.4 0.2 21.0 Amortisation and depreciation of assets 14.2 14.5 28.9 29.0 61.1 Gain/loss on disposals of assets 0.1 -0.1 0.1 -2.6 -2.7 Impairments Intangible and tangi- ble assets 0.0 1.5 0.0 1.5 0.0 Net financials 1.7 2.8 2.3 3.9 7.1 Value adjustments, securities -166.5 -92.7 -126.8 59.0 -15.6 Total adjustments for non-cash items etc. -109.9 -47.9 -59.7 90.9 70.5
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20 North Media A/S Interim Report, Q2 2026 20 Note 4 – Segment information Q2 Last Mile FK Distribu- tion SDR Digital Ser- vices BoligPortal Dayli Bekey Unallocated costs/ elimi.*) Total DKKm 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Segment revenue 272.6 300.5 185.0 196.7 96.3 111.8 42.5 42.7 29.3 29.4 6.4 7.0 6.8 6.3 -0.9 -0.9 314.2 342.3 Internal revenue 0.0 0.0 -8.7 -8.0 0.0 0.0 -0.9 -0.9 0.0 0.0 0.0 0.0 -0.8 -0.9 0.9 0.9 0.0 0.0 External revenue 272.6 300.5 176.3 188.7 96.3 111.8 41.6 41.8 29.3 29.4 6.4 7.0 6.0 5.4 0.0 0.0 314.2 342.3 Revenue recognition Immediately 272.6 300.5 176.3 188.7 96.3 111.8 9.0 9.3 0.0 0.0 6.4 7.0 2.6 2.3 - - 281.6 309.8 Over time 0.0 0.0 0.0 0.0 0.0 0.0 32.7 32.5 29.3 29.4 0.0 0.0 3.4 3.1 - - 32.7 32.5 External revenue 272.6 300.5 176.3 188.7 96.3 111.8 41.7 41.8 29.3 29.4 6.4 7.0 6.0 5.4 0.0 0.0 314.3 342.3 Direct costs 82.5 90.9 53.8 60.7 37.3 38.2 2.2 1.7 0.6 0.1 0.0 0.0 1.6 1.6 -0.7 -0.8 84.0 91.8 Direct staff costs 79.4 81.3 48.8 49.2 30.6 32.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 79.4 81.3 Gross profit 110.7 128.3 82.5 86.8 28.3 41.5 40.2 41.0 28.7 29.3 6.4 7.0 5.1 4.7 -0.1 -0.1 150.8 169.2 Staff costs 46.3 50.6 27.8 31.1 18.5 19.5 21.8 21.0 11.6 11.5 5.6 5.4 4.6 4.1 21.0 13.1 89.2 84.7 Other external costs 36.1 36.4 26.5 25.9 10.7 11.7 17.0 18.2 10.2 8.8 3.8 5.3 3.0 4.1 -17.1 -17.0 35.8 37.4 EBITDA 29.3 45.8 29.8 35.1 -0.4 10.7 1.4 1.8 6.9 9.0 -3.0 -3.7 -2.5 -3.5 -3.6 0.8 27.1 48.4 Amortisation, depreciation and impairments 9.7 11.6 3.5 3.3 6.2 8.3 1.4 1.4 0.8 0.8 0.5 0.6 0.1 0.0 3.2 3.0 14.3 16.0 EBIT 19.6 34.2 26.3 31.8 -6.6 2.4 0.0 0.4 6.1 8.2 -3.5 -4.3 -2.6 -3.5 -6.8 -2.2 12.8 32.4 Share of profit/loss in associates - - - - - - - - - - - - - - -0.4 -0.1 -0.4 -0.1 Return on securities - - - - - - - - - - - - - - - - 166.5 92.7 Net financials - - - - - - - - - - - - - - - - -1.6 -2.8 Profit/loss before tax - - - - - - - - - - - - - - - - 177.3 122.2 Gross margin 40.6% 42.7% 46.8% 46.0% 29.4% - 96.6% 98.1% 98.0% 99.7% 100.0% 100.0% 85.0% 87.0% - - 48.0% 49.4% EBITDA margin 10.7% 15.2% 16.9% 18.6% -0.4% - 3.4% 4.3% 23.5% 30.6% -46.9% -52.9% -41.7% -64.8% - - 8.6% 14.1% EBIT margin 7.2% 11.4% 14.9% 16.9% -6.9% - 0.0% 1.0% 20.8% 27.9% -54.7% -61.4% -43.3% -64.8% - - 4.1% 9.5%
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21 North Media A/S Interim Report, Q2 2026 21 Other information FK Distribution’s and SDR’s revenue is based on packing and distribution services, amount- ing to DKKm 176.3 (Q2 2025: DKKm 188.7) and DKKm 96.3 (Q2 2025: DKKm 111.8). BoligPortal’s revenue consists of subscription- based income from the platform’s marketplace and income from various subscription-based Saas solutions, amounting to DKKm 29.3 (Q2 2025: DKKm 29.4). MineTilbud’s revenue consists of online ser- vices amounting to DKKm 6.4 (Q2 20245 DKKm 7.0). Bekey’s revenue consists of sales of software access systems, including the sale of physical products closely associated with user access, amounting to DKK 6.0 (Q2 2025: DKKm 5.4). Note 4 – Segment information (continued)
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22 North Media A/S Interim Report, Q2 2026 22 Note 4 – Segment information (continued) Q2 YTD Last Mile FK Distribu- tion SDR Digital Ser- vices BoligPortal Dayli Bekey Unallocated costs/ elimi.*) Total DKKm 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Segment revenue 540.0 581.0 359.0 372.0 181.0 209.0 86.2 87.5 57.2 58.6 15.7 16.1 13.3 12.8 0.0 0.0 626.2 668.5 Internal revenue -16.6 -14.0 -16.6 -14.0 0.0 0.0 -1.6 -1.7 0.0 0.0 0.0 0.0 -1.6 -1.7 0.0 0.0 -18.2 -15.7 External revenue 523.4 567.0 342.4 358.0 181.0 209.0 84.6 85.8 57.2 58.6 15.7 16.1 11.7 11.1 0.0 0.0 608.0 652.8 Revenue recognition Immediately 523.4 567.0 342.4 358.0 181.0 209.0 20.6 21.0 0.0 0.0 15.7 16.1 4.9 4.9 0.0 0.0 544.0 588.0 Over time 0.0 0.0 0.0 0.0 0.0 0.0 64.0 64.8 57.2 58.6 0.0 0.0 6.8 6.2 0.0 0.0 64.0 64.8 External revenue 523.4 567.0 342.4 358.0 181.0 209.0 84.6 85.8 57.2 58.6 15.7 16.1 11.7 11.1 0.0 0.0 608.0 652.8 Direct costs 162.3 188.7 105.9 120.8 72.7 81.8 3.8 2.7 1.0 0.2 0.0 0.1 2.8 2.4 -1.6 -1.3 164.7 189.9 Direct staff costs 154.7 156.9 94.0 95.1 60.7 61.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 154.7 156.9 Gross profit 206.3 221.3 159.0 156.1 47.6 65.2 82.5 85.0 56.3 58.4 15.7 16.1 10.4 10.5 -0.2 -0.2 288.6 306.0 Staff costs 90.9 99.9 53.7 62.4 37.2 37.5 44.5 43.9 24.5 22.6 10.5 11.0 9.5 10.3 36.8 27.4 172.2 171.2 Other external costs 72.0 72.1 52.7 51.4 21.4 23.5 33.1 37.4 19.7 18.6 7.6 11.6 5.8 7.2 -31.9 -30.1 73.2 79.3 EBITDA 46.2 58.3 56.2 53.1 -10.0 5.2 4.8 3.8 12.1 17.3 -2.4 -6.5 -4.9 -7.0 -5.0 -3.1 46.1 59.0 Amortisation, depreciation and impairments 19.9 21.5 7.3 6.6 12.6 14.9 2.7 2.8 1.5 1.6 1.1 1.1 0.1 0.1 6.3 3.6 29.0 28.0 EBIT 26.3 36.8 48.9 46.5 -22.6 -9.7 2.1 1.0 10.6 15.7 -3.5 -7.6 -5.0 -7.1 -11.3 -6.7 17.1 31.0 Share of profit/loss in associates - - - - - - - - - - -0.4 0.1 -0.4 0.1 Return on securities - - - - - - - - - - - - 126.8 -59.0 Net financials - - - - - - - - - - - - -2.3 -3.9 Profit/loss before tax - - - - - - - - - - - - 141.2 -31.8 Gross margin 39.4% 39.0% 46.4% 43.6% 26.3% 31.2% 97.5% 99.1% 98.4% 99.7% 100.0% 100.0% 88.9% 94.6% - - 47.5% 46.9% EBITDA margin 8.8% 10.3% 16.4% 14.8% -5.5% 2.5% 5.7% 4.4% 21.2% 29.5% -15.3% -40.4% -41.9% -63.1% - - 7.6% 9.0% EBIT margin 5.0% 6.5% 14.3% 13.0% -12.5% -4.6% 2.5% 1.2% 18.5% 26.8% -22.3% -47.2% -42.7% -64.0% - - 2.8% 4.8% Average number of employees (FTE) 411 470 254 292 157 178 123 131 68 65 29 32 26 34 58 40 592 641
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23 North Media A/S Interim Report, Q2 2026 23 Other information FK Distribution’s and SDR’s revenue is based on packing and distribution services, amount- ing to DKKm 342.4 (Q2 2025 YTD: DKKm 358.0) and DKKm 181.0 (Q2 2025 YTD: DKKm 209.0). BoligPortal’s revenue consists of subscription- based income from the platform’s marketplace and income from various subscription-based Saas solutions, amounting to DKKm 57.2 (Q2 2025: DKKm 58.6). MineTilbud’s revenue con- sists of online services amounting to DKKm 15.7 (Q2 2025: DKKm 16.1). Bekey’s revenue consists of sales of software access systems, including the sale of physical products closely associated with user access, amounting to DKKm 11.7 (Q2 2025: DKKm 11.1). Note 4 – Segment information (continued)
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24 North Media A/S Interim Report, Q2 2026 24 Contingent liabilities In a decision announced on 30 June 2020, the Danish Com-petition Council ruled that For- bruger-Kontakt A/S (FK Distribution) had vio- lated the prohibition against abusing a domi- nant position by applying tying conditions in its con-tracts with customers during the period from 2018 to October 2019. By a judgment of 26 May 2025, the Danish Mar- itime and Commercial High Court upheld the decision of the Danish Competition Council of 30 June 2020 in which FK Distribution A/S was found to have abused a dominant position by applying conditions on tying the sale of physi- cally distributed advertising leaflets to the digi- tal distribution of leaflets in its customer con- tracts in the period from 2018 to October 2019. FK Distribution A/S disagrees with the Mari- time and Commercial High Court and has ap- pealed against the judgment to the Danish Eastern High Court. Given the information cur- rently available, a liability cannot be reliably es- timated. In addition, North Media is involved in lawsuits and disputes. Management does not expect the outcome of these lawsuits and disputes to go against North Media. At 30 June 2026, no material changes had oc- curred in respect of the Group’s contingent lia- bilities and assets. An agreement was concluded at the end of October 2021 for the installation of solar panels and a battery solution at the property in Taastrup. The solar panel plant was inaugu- rated on 31 May 2022, while connection of the battery still awaits operating permission from the grid operator. The solar panels installed cover an area of 2,100 m2 on the roof of the building in Taastrup and 3,300 m2 on the ground, for a total of 5,400 m2 with an installed capacity of 1,100 kWp. The plant includes battery capacity of 1,400 mWh in total. The purpose of the battery is to be able to use an even great-er proportion of the self- produced solar power in-house and to utilise the battery capacity for commercial purposes. A similar plant in Tilst with a larger battery has been completed. The solar system was con- nected at the beginning of October 2024, while connection of the battery still awaits operating permission from the grid operator. The full investment of about DKK 40m has been capitalised, with a small amount having been retained awaiting final commissioning. North Media A/S emphasised and set as a con- dition that both the solar panels and the bat- teries would be produced and supplied by Eu- ropean suppliers. Therefore, the solar panels are produced by REC Group and Soluxtec, and the batteries are produced by Rolls Royce Solu- tions. Note 5 – Contingent liabilities and assets Note 6 – Solar panels on FK Distribution’s buildings and land areas
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25 North Media A/S Interim Report, Q2 2026 25 IT security incident In early July 2026, North Media registered an IT security incident involving unauthorised access to SDR’s internal IT infrastructure, see the in- vestor news of 4 and 15 July 2026. SDR has maintained its day-to-day operations without disruption to customers or business partners. Subsequent technical investigations have shown that personally identifiable information was copied from SDR’s IT infrastructure. SDR has in-formed the affected employees of the situation and continues to engage in dialogue on precautions to mitigate any potential mis- use of the data accessed without authorisation. Based on the preliminary overview of the IT se- curity incident, North Media has recognised one-off costs of DKK 2m for SDR for the second half of 2026. Acquisition of IT technology for grid balancing North Media has entered into an agreement with Bodil Energy to acquire the BEAM soft- ware plat-form for DKK 9m. The transaction is expected to be completed in late August 2026. The acquisition of grid balancing technology builds on experience from the sale of network services from North Media’s battery system at the Søborg head office. For purposes of North Media’s financial state- ments, the BEAM earnings impact is ac- counted for as unallocated group in- come/costs. BEAM is expected to reduce EBIT for 2026 by DKK 5m. Other events after the balance sheet date Other than as set out above, the Board of Di- rectors and the Executive Board are not aware of any events having occurred since 30 June 2026 which would have a material impact on the Group’s financial position. Note 7 – Subsequent events
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26 North Media A/S Interim Report, Q2 2026 26 Group addresses Notes to parent statements Parent Statements Notes Consolidated statement Statemets Financial statements North Media A/S Gladsaxe Møllevej 28 2860 Søborg Telefon: +45 39 57 70 00 E-mail: investor@northmedia.dk www.northmedia.dk CVR: 66 59 01 19