Interim report
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Aspocomp Group Plc, Interim Report, October 28, 2026, at 9:00 a.m. (Finnish time) Aspocomp’s Interim Report January–September, 2026 Clear improvement in profitability, defense industry now the company's largest customer segment JULY-SEPTEMBER 2026 HIGHLIGHTS • Net sales EUR 10.6 (8.8) million, increase of 20% • Operating result EUR 1.3 (0.3) million, 12.6% (3.6%) of net sales • Earnings per share EUR 0.13 (0.03) • Operative cash flow EUR -0.3 (0.5) million • Orders received EUR 15.3 (5.7) million, increase of 169% JANUARY-SEPTEMBER 2026 HIGHLIGHTS • Net sales EUR 31.0 (29.3) million, increase of 6% • Operating result EUR 2.0 (1.3) million, 6.3% (4.5%) of net sales • Earnings per share EUR 0.18 (0.11) • Operative cash flow EUR 1.3 (3.0) million • Orders received EUR 40.5 (26.0) million, increase of 56% • Order book at the end of the review period EUR 30.6 (16.6) million, increase of 85% • Equity ratio 57.7% (61.2%) THE GROUP’S KEY FIGURES 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % Net sales, M€ 10.6 8.8 20% 31.0 29.3 6% EBITDA, M€ 1.7 0.6 164% 3.1 2.4 26% Operating result, M€ 1.3 0.3 316% 2.0 1.3 48% % of net sales 13% 4% 9% ppts 6% 5% 2% ppts Pre-tax- profit/loss, M€ 1.3 0.2 405% 1.7 0.9 80% % of net sales 12% 3% 9% ppts 6% 3% 2% ppts Profit/loss for the period, M€ 1.0 0.2 453% 1.4 0.7 88% % of net sales 9% 2% 7% ppts 4% 3% 2% ppts Earnings per share, € 0.13 0.03 329% 0.18 0.11 68% Received orders, M€ 15.3 5.7 169% 40.5 26.0 56% Order book at the end of period, M€ 30.6 16.6 85% 30.6 16.6 85% Investments, M€ 3.4 0.3 1,022% 6.4 0.7 876% % of net sales 32% 3% 28% ppts 21% 2% 19% ppts Cash, end of the period, M€ 1.4 1.3 10% 1.4 1.3 10%
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Equity / share, € 2.69 2.35 14% 2.69 2.35 14% Equity ratio, % 58% 61% -4% ppts 58% 61% -4% ppts Gearing, % 31% 22% 8% ppts 31% 22% 8% ppts Interest bearing net debt/Ebitda 2.1 1.2 73% 2.1 1.2 73% Personnel, end of the period 170 169 1 person 170 169 1 person * The total may deviate from the sum totals due to rounding up and down. OUTLOOK FOR 2026 UNCHANGED In 2026, the demand for Aspocomp’s products is expected to remain solid. In particular, demand in the defense industry and the semiconductor market is anticipated to remain good. Aspocomp reiterates the financial guidance issued on February 25, 2026. Aspocomp estimates that its net sales for 2026 will grow, and that its operating result for 2026 will improve compared to 2025. In 2025, net sales amounted to EUR 38.2 million, and the operating result was EUR 0.9 million. CEO’S REVIEW Aspocomp’s July–September demonstrates the company’s good operational performance and production reliability in a favorable market environment. Production ran without major disruptions during the period, which was reflected in the period's figures; net sales increased by 20% to EUR 10.6 (8.8) million and the operating result to EUR 1.3 (0.3) million, amounting to 12.6% of net sales. Profitability was partially supported by the completion of low-margin orders from previous years during the second quarter of the year. In addition, the operating result was affected by non-recurring income of EUR 157 thousand related to a write-down made in 2022. The defense industry became Aspocomp's largest customer segment for the first time, accounting for 40% of total net sales. This is concrete proof that our strategy to focus growth on the defense, security, and aerospace markets is working as planned. Market demand remained strong in July–September. It was boosted in particular by the defense industry and growth of AI-driven demand in the semiconductor industry, which was also visible in incoming orders. Our order book rose to a new record and stood at EUR 30.6 million at the end of September. The order book already extends into the first half of 2028, significantly increasing and strengthening visibility. At the same time, the AI boom has extended delivery times for critical materials – such as special laminates, fiberglass, resins, and copper foil – and driven up raw material prices globally. We have prepared for this situation by maintaining close communication with our customers and by bringing forward orders even further. Thanks to the pricing mechanisms in our contracts, we are able to pass on cost increases to the prices of the vast majority of already existing orders, so the order book does not involve significant cost inflation risk. Extended material delivery times are reflected as increased net working capital.
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The expansion investment at the Oulu plant is progressing as planned in terms of both schedule and budget. During the third quarter, we successfully commissioned five new production lines. Two of these addressed the bottlenecks that had caused production losses in previous years, thereby reducing the risk of operational disruptions. As part of our strategy to focus resources and capacity on the high-value-added defense and semiconductor sectors, we are scaling back automotive production projects and terminating related contracts, which will free up much-needed capacity for strategically key industries. To strengthen the implementation of Aspocomp's growth strategy, we appointed a new Chief Engineering and Technology Officer and a new Quality Director. These management-team-level appointments bring us critical expertise to meet the quality and technology requirements of a demanding market. The next six months will be a critical and extremely intensive installation and commissioning phase at the Oulu plant, during which we will focus entirely on ramping up the plant expansion. Additional costs related to the implementation and limited volume will weigh on net sales and profitability in late 2026 and early 2027. We expect our plant's performance to recover and shift to a new growth trajectory in mid-2027, once the expansion is fully operational. Although we are facing a half-year that will be operationally demanding and temporarily subdued in terms of results, the company’s medium- and long-term outlook is good. NET SALES Aspocomp reports its net sales by customer segment as shown below. EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Semiconductor Industry 3.4 4.1 -15% 12.1 14.0 -14% 17.5 Defense, Security and Aerospace 4.3 2.2 95% 10.8 6.6 65% 9.3 Others* 2.9 2.6 11% 8.1 8.7 -8% 11.3 Total 10.6 8.8 20% 31.0 29.3 6% 38.2 *The Other customer segment consists of the Industrial Electronics, Automotive, and Telecommunications customer segments previously reported by the company. July–September 2026 July–September 2026 net sales amounted to EUR 10.6 (8.8) million. Net sales increased by 20% from the comparison period, during which net sales were constrained by an equipment failure at the plant. Net sales growth was driven by continued good demand and investments in maintenance and resourcing made earlier in the year, which improved both capacity and delivery reliability. The five largest customers accounted for 59% (65%) of net sales. In geographical terms, 62% (61%) of net sales were generated in Europe and 38% (39%) on other continents.
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The Semiconductor Industry customer segment’s July–September net sales decreased by 15% from the comparison period, amounting to EUR 3.4 (4.1) million. Demand in the customer segment remained strong, but net sales development was weakened by capacity limitations imposed on customers, through which capacity was allocated to the Defense, Security, and Aerospace segment. The Defense, Security and Aerospace customer segment’s July–September net sales increased by 95% to EUR 4.3 (2.2) million. This is the result of successful, long-term sales efforts and a strategic choice to free up capacity for this customer segment. Others customer segment’s July–September net sales increased by 11% from the comparison period and amounted to EUR 2.9 (2.6) million. The company's orders received during July–September were EUR 15.3 (5.7) million. Of the orders received, 43% came from the Semiconductor industry and 27% from the Defense, Security, and Aerospace industries. January–September 2026 January–September 2026 net sales amounted to EUR 31.0 (29.3) million. Net sales increased 6% year-on- year despite a spare parts shortage in the first quarter due to an equipment supplier's bankruptcy. Net sales were positively impacted by continued good demand and investments in maintenance and resourcing made earlier in the year, which improved both capacity and delivery reliability. The five largest customers accounted for 58% (70%) of net sales. In geographical terms, 64% (57%) of net sales were generated in Europe and 36% (43%) on other continents. The Semiconductor Industry customer segment’s January–September net sales decreased by 14% from the comparison period to EUR 12.1 (14.0) million. The decrease in the customer segment's net sales was due to a capacity limitation imposed on the segment, which enabled net sales growth in the Defense, Security, and Aerospace customer segment. The Defense, Security and Aerospace customer segment’s January–September net sales increased by 65% from the comparison period, amounting to EUR 10.8 (6.6) million. This is the result of successful, long-term sales efforts and a strategic choice to free up capacity for this customer segment. Others customer segment’s January–September net sales decreased by 8% year-on-year and amounted to EUR 8.1 (8.7) million. The decrease in net sales in the customer segment was due to capacity limitations imposed on the segment, which enabled net sales growth in the Defense, Security and Aerospace customer segment. The company's orders received during January–September were EUR 40.5 (26.0) million. Of the orders received, 42% came from the Semiconductor industry and 27% from the Defense, Security, and Aerospace industries. The order book at the end of September 2026 was EUR 30.6 (16.6) million. Order
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book growth is driven by growing demand for artificial intelligence chip manufacturing and the defense industry. Of the order book, EUR 8.5 million has been scheduled for delivery in 2026. EARNINGS DEVELOPMENT July–September 2026 July–September 2026 operating result amounted to EUR 1.3 (0.3) million, 12.6% (3.6%) of net sales. The operating result for July–September was improved by an improved product and customer mix as well as the completion of low-margin orders from previous years in the second quarter. In addition, the operating result was affected by a non-recurring gain of EUR 157 thousand to a customer receivable written down in 2022. Net financial expenses amounted to EUR 0.1 (0.1) million. Earnings per share were EUR 0.13 (0.03). January–September 2026 January–September 2026 operating result amounted to EUR 2.0 (1.3) million, 6.3% (4.5%) of net sales. The operating result was improved by an improved product and customer mix, the completion of low- margin orders from previous years in the second quarter, and a non-recurring gain of EUR 157 thousand. The January–September operating result was burdened by spare parts shortages caused by the bankruptcy of an equipment supplier earlier in the year, as well as an EUR 80 thousand write-down made during the first quarter. Net financial expenses amounted to EUR 0.3 (0.4) million. Earnings per share were EUR 0.18 (0.11). INVESTMENTS Investments in January–September 2026 amounted to EUR 6.4 (0.7) million. The investments were related to the capacity expansion project at the Oulu plant. In accordance with IAS 23, investments include interest expenses related to investment loans capitalized to the acquisition cost, totaling EUR 60 thousand. CASH FLOW AND FINANCING January–September 2026 cash flow from operations amounted to EUR 1.3 (3.0) million. Investing cash flow was EUR -6.4 (-0.7) million. Cash and cash equivalents at the end of the period were EUR 1.4 (1.3) million. Net working capital increased due to higher material prices and inventory levels that were increased in response to reduced material availability. In addition, net working capital was affected by increased trade receivables. Interest-bearing liabilities at the end of September 2026 amounted to EUR 7.6 (4.8) million, of which lease liabilities accounted for EUR 0.5 (0.3) million. Excluding lease liabilities, interest-bearing liabilities consist
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of a credit facility of EUR 3.1 (4.5) million and a senior loan of EUR 3.9 (0.0) million. At the end of the reporting period, the company had undrawn limits totaling EUR 5.0 (1.9) million, consisting of a credit facility of EUR 1.9 (0.5) million, undrawn senior loans of EUR 1.5 (0.0) million, and a factoring agreement of EUR 1.7 (1.4) million. Interest-bearing liabilities are subject to covenant terms, such as the equity ratio and the ratio of interest- bearing net debt to EBITDA. At the end of the reporting period, the covenant concerning the equity ratio was met, but the covenant concerning the ratio of interest-bearing net debt to EBITDA was not met. The company has received waivers from its lenders regarding this covenant breach, and the breach has no impact on the validity of the financing agreements. Gearing at the end of September was 30.7% (22.3%). Equity ratio at the end of September was 57.7% (61.2%). PERSONNEL During January–September, the company had an average of 173 (167) employees. The personnel count on September 30, 2026, was 170 (169). Of them, 110 (112) were blue-collar and 60 (57) white-collar employees. Employees by country were as follows: Finland 166 (165), Germany 2 (2) and China 2 (2). 28% of the employees were women and 72% were men. The Group’s personnel expenses in January–September amounted to EUR 9.0 (8.0) million. CHANGES IN MANAGEMENT TEAM On July 2, 2026, Aspocomp announced that Ilkka Lohi, M.Sc. (Eng.), has been appointed as Quality Director and member of the Management Team as of September 2, 2026. On September 24, 2026, Aspocomp announced that Ville Raatikainen, M.Sc. (Eng.), has been appointed as Chief Engineering and Technology Officer and a member of the Management Team, effective January 1, 2027. He succeeds Mitri Mattila, who will move to report to Ville Raatikainen. At the end of the review period, the company's management team consisted of, in addition to CEO Manu Skyttä, Antti Ojala, CCO and Deputy CEO, Pekka Holopainen, COO, Hanna-Leena Keskitalo, HR Director, Terhi Launis, CFO, Ilkka Lohi, Quality Director and Mitri Mattila, CTO.
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ANNUAL GENERAL MEETING, THE BOARD OF DIRECTORS AND AUTHORIZATIONS GIVEN TO THE BOARD The decisions of the Annual General Meeting held on April 29, 2026, the authorizations given to the Board of Directors by the AGM and the decisions relating to the organization of the Board of Directors have been published in separate stock exchange releases on April 29, 2026. SHARES AND SHAREHOLDERS The total number of Aspocomp’s shares at September 30, 2026, was 7,527,722 (6,849,240) and the share capital stood at EUR 1,000,000. At the end of the period, the company did not hold any treasury shares. Each share is of the same share series and entitles its holder to one vote at a General Meeting and to have an identical dividend right. A total of 794,174 Aspocomp Group Plc shares were traded on Nasdaq Helsinki during the period from January 1 to September 30, 2026 (1,229,534 during Jan. 1 to September 30, 2025). The aggregate value of the shares exchanged was EUR 4,156,731 (5,904,511). The shares traded at a low of EUR 4.30 (3.07) and a high of EUR 6.38 (6.00). The average share price was EUR 5.23 (4.80). The closing price at September 30, 2026, was EUR 5.56 (5.16), which translates into market capitalization of EUR 41.9 (35.3) million. The company had 4,705 (4,832) shareholders at the end of the review period. Nominee-registered shares accounted for 1.0% (1.0%) of the total shares. Share issue The Board of Directors of Aspocomp Group Plc has, based on the authorization granted by the Annual General Meeting on April 29, 2026, resolved on a directed share issue without payment to the CEO for the purpose of delivering share rewards for the second performance period 2023–2025 of the performance- based share reward scheme. In the share issue, 4,800 new shares in the company were issued without consideration to the company’s CEO in deviation from the shareholders’ pre-emptive subscription right. The new shares issued in the share issue were registered in the Trade Register on May 20, 2026, and applied for public trading on May 21, 2026. SHARE-BASED LONG-TERM INCENTIVE SCHEME The Board of Directors of Aspocomp Group Plc decided on July 20, 2022, to establish a share-based long- term incentive scheme for the company’s top management and selected key employees. The objectives of the Performance Share Plan (PSP) are to align the interests of Aspocomp’s management with those of the company’s shareholders and thereby promote shareholder value creation in the long term as well as to commit the management to achieving Aspocomp’s strategic targets. Aspocomp's share-based long-term incentive scheme has three ongoing three-year earning periods: calendar years 2024–2026, 2025–2027, and 2026–2028. More detailed information on the incentive schemes can be found in the financial statements and remuneration report, as well as on the company's website at https://aspocomp.com/investors/governance/remuneration/incentive-systems/.
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Aspocomp Group Plc's Board of Directors decided on February 24, 2026, on the commencement of the fifth earning period, PSP 2026-2028, in the share-based long-term incentive scheme for the company's top management and selected key personnel. The performance period for the PSP 2026-2028 program started at the beginning of 2026 and ends at the end of 2028. Any share rewards earned under the incentive plan will be paid during the first half of 2029. SHAREHOLDERS’ NOMINATION BOARD Aspocomp’s Shareholders’ Nomination Board consists of three members who represent the company’s three largest shareholders, as determined annually on the basis of registered shareholdings on the first working day of September. In case a shareholder does not wish to exercise their appointment right, then the right passes to the following largest shareholder who would otherwise have no appointment right. On September 15, 2026, Aspocomp announced the composition of its Shareholders’ Nomination Board. The following members have been appointed to Aspocomp’s Shareholders’ Nomination Board: Kyösti Kakkonen, appointed by Joensuun Kauppa ja Kone Oy, Ville Vuori, Chairman of the Board of Directors of Aspocomp Group Plc, appointed by Etola Group Oy and Erkki Etola, and Mikko Montonen, Aspocomp’s sixth largest shareholder. ASSESSMENT OF SHORT-TERM BUSINESS RISKS Aspocomp's risk management aims to promote the implementation of the strategy, the achievement of financial goals, the fulfillment of customer promises, shareholder value, the realization of responsible operating practices, and business continuity. Aspocomp reduces risks by continuously acquiring information and by assessing uncertainties, risks, and opportunities present in the company's operations. Risks are assessed based on their economic impact and probability and are classified into strategic, operational, financial and compliance risks. Strategic risks The geopolitical situation and the trade war have increased the risks related to global supply chains. Aspocomp's customer base is concentrated, with more than half of its net sales coming from five customers. This can expose the company to significant demand fluctuations. In addition, variations in the product mix can have a significant impact on profitability. Quality deviations in Aspocomp's products can lead to claims that may cause financial impacts, reputational damage or loss of customer relationships. If Aspocomp estimates that the outcome of such claims will have potential financial impacts, they will be considered in the financial reporting. Operational risks The most significant operational risks are related to equipment failures and other disruptions in Aspocomp's production. The investments launched in 2025 to increase the capacity of the Oulu plant are expected to improve its production quality and usability but may cause production outages during implementation. Aspocomp's operational capacity may also be impaired due to supplier production outages and delays in delivery times caused by increased demand and temporarily impaired production availability.
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Cyber risks and disruptions in information systems may affect production and thereby the company's ability to generate profits. Financial risks Adequacy of financing may become a challenge if the cash flow from operations is not positive or there are significant delays in the plant investment project. The company closely monitors financing forecasts and has prepared for cash fluctuations with credit facilities. Possible equipment failures and production disruptions may cause a temporary decline in profitability and thereby affect the fulfillment of the covenant terms. Compliance risks For example, violations of ethical guidelines, legislation or sanctions-related regulations may cause risks that can lead to corporate fines, legal costs and weaken the trust of the company's stakeholders. Aspocomp's risks and risk management are described in the notes to the consolidated financial statements on the company's website. PUBLICATION OF THE FINANCIAL RELEASES FOR 2027 Aspocomp Group Plc 's financial information publication schedule for 2027 is: Financial Statements 2026: Tuesday, February 23, 2027, at around 9:00 a.m. Interim Report January-March, 2027: Tuesday, April 27, 2027, at around 9:00 a.m. Half-year Report January-June, 2027: Tuesday, August 10, 2027, at around 9:00 a.m. Interim Report January-September, 2027: Tuesday, October 26, 2027, at around 9:00 a.m. Aspocomp's silent period commences 30 days prior to the publication of its financial information. Publication of the January-September Interim Report 2026 Aspocomp’s CEO Manu Skyttä will present the January–September interim report in a webcast today, October 28, 2026, starting at 01:00 p.m. Finnish time. The webcast will be held in Finnish and can be accessed at https://events.inderes.com/aspocomp/q3-2026. The presentation material and a recording of the webcast will be available at Aspocomp’s website https://aspocomp.com/investors/interim-reports/reports/ after publication. Espoo, October 28, 2026 Aspocomp Group Plc Board of Directors
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Some statements in this stock exchange release are forecasts and actual results may differ materially from those stated. Statements in this stock exchange release relating to matters that are not historical facts are forecasts. All forecasts involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performances or achievements of the Aspocomp Group to be materially different from any future results, performances or achievements expressed or implied by such forecasts. Such factors include general economic and business conditions, fluctuations in currency exchange rates, increases and changes in PCB industry capacity and competition, and the ability of the company to implement its investment program. ACCOUNTING POLICIES AND CHANGES IN ACCOUNTING POLICES This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting standard. The interim report has been prepared using the same accounting principles as the Group's 2025 financial statements. The figures of the review period are not audited. In the third quarter, the Group has started to capitalize interest expenses related to investment loans as part of the acquisition cost of property, plant, and equipment associated with the construction of new production capacity, in accordance with the IAS 23 standard.
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TABLE SECTION PROFIT & LOSS STATEMENT 1,000 € 7-9/2026 7-9/2025 Change Net sales 10,626 100% 8,842 100% 20% Other operating income 5 0% 4 0% 22% Materials and services -4,802 -45% -4,345 -49% 11% Personnel expenses -2,692 -25% -2,401 -27% 12% Other operating costs -1,424 -13% -1,451 -16% -2% Depreciation and amortization -377 -4% -328 -4% 15% Operating result 1,336 13% 321 4% 316% Financial income and expenses -84 -1% -73 -1% Profit/loss before tax 1,252 12% 248 3% 405% Change in deferred tax assets -279 -71 Income taxes -5 0% -2 0% Profit/loss for the period 968 9% 175 2% 453% Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurements of defined benefit pension plans Income tax relating these items Items that may be reclassified subsequently to profit or loss: Currency translation differences 29 0% 2 0% Total other comprehensive income 29 0% 2 0% Total comprehensive income 997 9% 177 2% 464% Profit/loss for the period attributable to: owners of the parent 968 175 Total comprehensive income attributable to: owners of the parent 997 177 Earnings per share (EPS) Basic EPS 0.13 € 0.03 € 329% Diluted EPS 0.13 € 0.03 € 329%
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PROFIT & LOSS STATEMENT 1,000 € 1-9/2026 1-9/2025 Change 1-12/2025 Net sales 30,963 100% 29,287 100% 6% 38,151 100% Other operating income 25 0% 7 0% 256% 65 0% Materials and services -14,282 -46% -14,173 -48% 1% -18,632 -49% Personnel expenses -8,958 -29% -8,046 -27% 11% -10,844 -28% Other operating costs -4,683 -15% -4,637 -16% 1% -6,403 -17% Depreciation and amortization -1,103 -4% -1,113 -4% -1% -1,432 -4% Operating result 1,962 6% 1,325 5% 48% 905 2% Financial income and expenses -258 -1% -378 -1% -32% -430 -1% Profit/loss before tax 1,704 6% 947 3% 80% 474 1% Change in deferred tax assets -300 -201 -55 Income taxes -13 0% -6 0% -5 0% Profit/loss for the period 1,391 4% 739 3% 88% 414 1% Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurements of defined benefit pension plans 53 Income tax relating these items -9 Items that may be reclassified subsequently to profit or loss: Currency translation differences 34 0% -35 0% - -29 0% Total other comprehensive income 34 0% -35 0% - 15 0% Total comprehensive income 1,425 5% 705 2% 102% 429 1% Profit/loss for the period attributable to: owners of the parent 1,391 739 414 Total comprehensive income attributable to: owners of the parent 1,425 705 429 Earnings per share (EPS) Basic EPS 0.18 € 0.11 € 68% 0.06 € Diluted EPS 0.18 € 0.11 € 68% 0.06 €
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CONSOLIDATED BALANCE SHEET 1,000 € 9/2026 9/2025 Change 12/2025 Assets Non-current assets Intangible assets 3,228 3,237 0% 3,215 Tangible assets 10,013 4,583 118% 5,392 Right-of-use assets 497 280 77% 266 Financial assets at fair value through profit or loss 15 95 -84% 95 Deferred income tax assets 5,074 5,194 -2% 5,391 Total non-current assets 18,826 13,389 41% 14,359 Current assets Inventories 6,534 5,450 20% 6,099 Short-term receivables 8,326 6,201 34% 6,490 Cash and bank deposits 1,382 1,251 10% 1,798 Total current assets 16,242 12,904 26% 14,387 Total assets 35,068 26,291 33% 28,746 Equity and liabilities Share capital 1,000 1,000 0% 1,000 Reserve for invested non-restricted equity 8,099 4,894 66% 7,980 Remeasurements of defined benefit pension plans 11 -33 -132% 11 Retained earnings 11,109 10,227 9% 9,684 Total equity 20,219 16,087 26% 18,674 Non-current liabilities Long-term financing loans 7,214 4,741 52% 2,611 Other non-current liabilities 185 238 -22% 185 Provisions 257 171 110 Deferred income tax liabilities 79 44 77% 96 Non-current liabilities total 7,735 5,193 49% 3,002 Current liabilities Short-term financing loans 368 96 284% 85 Trade and other payables 6,637 4,916 35% 6,875 Provisions 110 0 110 Current liabilities total 7,114 5,011 42% 7,070 Total equity and liabilities 35,068 26,291 33% 28,746
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CONSOLIDATED CHANGES IN EQUITY 1,000 € Share capital Other reserve Remeasurements of employee benefits Translation differences Retained earnings Total equity Balance at Jan. 1, 2026 1,000 7,980 11 -29 9,713 18,674 Comprehensive income Comprehensive income for the period 1,391 1,391 Translation differences 34 34 Total comprehensive income for the period 0 0 0 34 1,391 1,425 Business transactions with owners Share-based payment 120 120 Business transactions with owners, total 0 120 0 0 0 120 Balance at September 30, 2026 1,000 8,099 11 5 11,104 20,219 Balance at Jan. 1, 2025 1,000 4,857 -33 -1 9,523 15,346 Comprehensive income Comprehensive income for the period 739 739 Translation differences -35 -35 Total comprehensive income for the period 0 0 0 -35 739 705 Business transactions with owners Share-based payment 36 36 Business transactions with owners, total 0 36 0 0 0 36 Balance at September 30, 2025 1,000 4,894 -33 -35 10,262 16,087
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CONSOLIDATED CASH FLOW STATEMENT 1,000 € 1-9/2026 1-9/2025 1-12/2025 Profit for the period 1,391 739 414 Adjustments 1,847 1,864 1,794 Change in working capital -1,618 604 740 Received interest income 1 0 1 Paid interest expenses -273 -244 -283 Paid taxes -4 -6 -11 Cash flow from operating activities 1,343 2,957 2,655 Investments -6,431 -659 -891 Cash flow from investing activities -6,431 -659 -891 Increase in financing 4,706 0 40 Directed share issue 0 0 3,200 Decrease in financing 0 -2,263 -4,383 Decrease in lease liabilities -94 -41 -62 Cash flow from financing activities 4,612 -2,303 -1,204 Change in cash and cash equivalents -476 -5 560 Cash and cash equivalents at the beginning of period 1,798 1,377 1,377 Effects of exchange rate changes on cash and cash equivalents 61 -121 -140 Cash and cash equivalents at the end of period 1,382 1,251 1,798
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KEY INDICATORS Q3/2026 Q2/2026 Q1/2026 Q4/2025 2025 Net sales, M€ 10.6 10.6 9.7 8.9 38.2 Operating result before depreciation (EBITDA), M€ 1.7 0.7 0.6 -0.1 2.3 Operating result (EBIT), M€ 1.3 0.4 0.2 -0.4 0.9 of net sales, % 13% 4% 2% -5% 2% Profit/loss before taxes, M€ 1.3 0.3 0.2 -0.5 0.5 of net sales, % 12% 3% 2% -5% 1% Net profit/loss for the period, M€ 1.0 0.2 0.2 -0.3 0.4 of net sales, % 9% 2% 2% -4% 1% Received orders, M€ 15.3 12.9 12.2 13.3 39.3 Order book at the end of period, M€ 30.6 25.9 23.5 21.1 21.1 Equity ratio, % 57.7% 60.9% 63.9% 65.0% 65.0% Gearing, % 30.7% 11.7% 10.6% 4.8% 4.8% Gross investments in fixed assets, M€ 3.4 1.2 1.8 0.2 0.9 of net sales, % 32% 12% 19% 3% 2% Personnel, end of the quarter 170 168 172 170 170 Earnings/share (EPS), € 0.13 0.03 0.02 -0.04 0.06 Equity/share, € 2.69 2.55 2.51 2.48 2.48
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The Alternative Performance Measures (APM) used by the Group Aspocomp presents in its financial reporting alternative performance measures, which describe businesses' financial performance and its development as well as investments and return on equity. In addition to accounting measures which are defined or specified in IFRS, alternative performance measures complement and explain presented information. Aspocomp presents in its financial reporting the following alternative performance measures: EBITDA = Earnings before interests, taxes, depreciations and amortizations EBITDA indicates the result of operations before depreciations, financial items and income taxes. It is an important key figure, as it shows the profit margin on net sales after operating expenses are deducted. Operating result = Earnings before income taxes and financial income and expenses presented in the IFRS consolidated income statement. The operating result indicates the financial profitability of operations and their development. Profit/loss before taxes = The result before income taxes presented in the IFRS consolidated statements. Equity ratio, % = Equity x 100 Total assets - advances received Gearing, % = Net interest-bearing liabilities x 100 Total equity Gearing indicates the ratio of capital invested in the company by shareholders and interest-bearing debt to financiers. A high gearing ratio is a risk factor that may limit a company’s growth opportunities and financial latitude. Gross investments = Acquisitions of long-term intangible and tangible assets (gross amount). Interest bearing net debt/Ebitda = Interest-bearing liabilities – cash and cash equivalents Ebitda 12 months Order intake = Order book at the end of the reporting period - order book at the end of the previous reporting period + realized revenue during the reporting period Order book = Undelivered customer orders at the end of the financial period. Cash flow from operating activities = Profit for the period + non-cash transactions +- other adjustments +- change in working capital + received interest income – paid interest expenses – paid taxes
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CONTINGENT LIABILITIES 1,000 € 9/2026 9/2025 12/2025 Business mortgage 11,200 6,000 11,200 Mortage of land leasehold rights 5,214 3,498 5,214 Guaranteed contingent liability towards the Finnish Customs 35 35 35 Total 16,449 9,533 16,449 Further information For further information, please contact Manu Skyttä, President and CEO, tel. +358 400 999 822, manu.skytta(at)aspocomp.com. Aspocomp – heart of your technology A printed circuit board (PCB) is used for electrical interconnection and as a component assembly platform in electronic devices. Aspocomp provides PCB technology design, testing and logistics services over the entire lifecycle of a product. The company’s own production and extensive international partner network guarantee cost-effectiveness and reliable deliveries. Aspocomp’s customers are companies that design and manufacture telecommunication systems and equipment, automotive and industrial electronics, and systems for testing semiconductor components for security technology. The company has customers around the world and most of its net sales are generated by exports. Aspocomp is headquartered in Espoo and its plant is in Oulu, one of Finland’s major technology hubs. www.aspocomp.com