Slides
Page 1
Eezy Plc Interim report Q3/2026 CEO Johan Westermarck CFO Esko Puolusmäki
Page 2
Revenue increased, strategy execution continues • Group and Staffing services revenue increased by 5%. • Professional services revenue -2% • As growth was particularly due to a significant entrepreneur-led industrial construction project, the increase in revenue did not translate into a corresponding increase in EBITDA. Eezy Q3/2026 in brief Q3/2026 Q3/2025 1-9/2026 1-9/2025 Revenue 37.1 M€ (5%) 35.5 M€ 104.9 M€ (0%) 105.4 M€ Chain-wide revenue 65.5 M€ (5%) 62.2 M€ 178.8 M€ (2%) 175.6 M€ EBITDA 3.1 M€ 3.7 M€ 7.0 M€ 6.5 M€ EBITDA % 8.4% 10.3% 6.7% 6.2 % EBIT 1.2 M€ 1.2 M€ 1.1 M€ 0.4 M€ EBIT % 3.1% 3.4% 1.1 % 0.4 % EPS 0.00€ 0.00€ -0.01€ -0.02€
Page 3
• Staffing services chain-wide revenue (group + entrepreneurs) +5% vs. Q3/2025 (HELA January- September +5.5%). • Signs of recovery in industry and construction sectors. • Customer satisfaction on a good level, NPS 55. • We employed on average 2,052 (2,063) staffed employees (FTE) in 7-9/2026. • The AI-assisted operations management system for staffing services has established itself • Appr. 80% of all shift orders are entered directly into the system by our customers or staffed employees themselves. • More than a third of shift orders fulfilled in less than a minute • We continue to develop the system • New employer services Flex Employer and Flex Pool well received. Staffing services revenue increased Staffing services Q3/2026 Staffing services Q3/26 Staffing services Q3/25 Staffing services 1-9/26 Staffing services 1-9/25 32.5M€ 30.8M€ 88.4M€ 88.3M€ (5%) (0%)
Page 4
• The quarter was challenging particularly in coaching, consulting and survey services. • Growth was seen especially in recruiting and executive search, employment and light entrepreneurship services. • More and more companies require experienced professionals on an interim basis, and Eezy has responded to this growing demand by further strengthening its interim management offering. • Customer satisfaction on a good level Slight decline in Professional services market Professional services Q3/2026 Professional services Q3/26 Professional services Q3/25 Professional services 1-9/26 Professional services 1-9/25 4.7M€ 4.7M€ 16.8M€ 17.4M€ (-2%) (-4%)
Page 5
Staffing services market growth increased in September 2,3 2,7 3,1 3,0 2,7 2,7 2,1 -10 15 16 -4 -8 -2 -15 -10 -5 0 5 10 15 20 0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 2020 2021 2022 2023 2024 2025 2026/1-9 HELA (TOP 20) Other Market change Change • In September, staffing services total revenue reported by HELA increased 8.2 % compared to last September. • In 2026, staffing service market has been ahead of 2025 every month. • According to the EK’s (Confederation of Finnish Industries) October Business Barometer, confidence in growth within the staffing sector has continued to strengthen. • The balance figure for the economic situation in the staffing sector was -43 in October, compared with -46 in September. • Economic expectations in the staffing sector are at a very high level. The balance figure for the economic outlook in October was +56, compared with +51 in September. Staffing service industry development Mrd € 16% % % Source: HELA and Statistics Finland TOL +5,6 % Hela +3,1 %
Page 6
Eezy chain revenue has increased during the last two quarters -4 % -14 % -16 % -15 % -19 % -17 % -16 % -14 % -12 % -10 % -6 % -8 % -3 % 3 % 5 % -20% -15% -10% -5% 0% 5% 10% 0 10 20 30 40 50 60 70 80 90 Q1/2023 Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Eezy Chain revenue Annual change, % MEUR
Page 7
Eezy’s new services well received Eezy Flex Employer solution Eezy Flex Pool solution for managing pools of temporary workers → Employees remain closely integrated into the client's operational team, and day-to-day supervision and management remain with the client. → Eezy acts as the legal employer of the employees and manages the entire employment lifecycle. Key benefits for the client: 1. Focus on core business: The client can concentrate on its core business activities. 2. Cost efficiency: Streamlined workforce administration without unexpected costs. 3. Reduced risk and peace of mind: Eezy handles employer-related administration, statutory payments and the interpretation of collective agreements.
Page 8
Profit & loss • Q3 revenue growth was due to a significant entrepreneur-led industrial construction project. As a result, the increase in revenue did not translate into a corresponding increase in EBITDA. On the other hand, non-recurring costs were lower compared to comparison period. • Employees in Q3 FTE: group function employees 344 (324), staffed employees 2,052 (2,063). The increase in group function employees was related to Employment services. • Q3 EBIT included one-time costs related to the termination of employment relationships of EUR 0.0 million (0.4), other one-time costs of EUR 0.0 million (0.2) and disposals related to non-current assets of EUR 0.1 million (0.5). • Depreciation, amortisation and impairment related to acquisitions EUR 0.7 million (EUR 1.0 million) Eezy Q3/2026 EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 2025 Revenue 37 075 35 474 104 887 105 379 139 335 Other operating income 64 79 225 472 587 Materials and services -2 803 -1 322 -6 406 -4 961 -6 721 Personnel expenses -29 596 -27 895 -83 797 -85 417 -111 945 Other operating expenses -1 623 -2 670 -7 870 -8 968 -12 226 Depreciation, amortisation and impairment -1 953 -2 461 -5 921 -6 119 -8 866 EBIT 1 165 1 204 1 117 387 164 Financial income 34 65 99 156 205 Financial expenses -877 -990 -2 808 -2 837 -3 799 Financial income and expenses -843 -924 -2 709 -2 680 -3 595 Profit (loss) before taxes 322 280 -1 591 -2 293 -3 430 Income taxes -4 -60 381 564 1 186 Profit attributable to non-controlling interests -39 -18 -89 10 78 Profit attributable to owners of the parent company 356 237 -1 121 -1 739 -2 322
Page 9
Balance sheet o Goodwill and intangible assets EUR 159.2 million o Equity EUR 113.8 million o Equity ratio 60.2% o Liabilities to credit institutions EUR 43.9 million, of which EUR 41.4 million is long-term. o Net debt EUR 40.4 million o excluding IFRS 16: EUR 37.6 million Eezy Q3/2026 EUR thousand 9/2026 9/2025 12/2025 ASSETS Goodwill 141 654 141 654 141 654 Intangible assets 17 517 21 368 20 033 Tangible assets 2 592 3 251 3 355 Long-term receivables and investments 2 171 3 296 1 731 Non-current assets 163 934 169 569 166 774 Current receivables 18 857 21 756 17 673 Cash and cash equivalents 6 329 133 4 102 Current assets total 25 187 21 889 21 775 ASSETS TOTAL 189 120 191 458 188 549 EQUITY AND LIABILITIES Total equity attributable to shareholders of the parent company 111 093 103 934 103 353 Non-controlling interests 2 688 2 709 2 777 Total equity 113 781 106 643 106 130 Non-current liabilities total 44 268 48 283 48 079 Current liabilities total 31 071 36 532 34 340 EQUITY AND LIABILITIES TOTAL 189 120 191 458 188 549
Page 10
Cash flow statement • Q3/2026 Cash flow from operating activities before financial items and taxes was EUR 2.6 million (Q3 2025: EUR 3.6 million). • Q3/2026 Investments were mainly related to IT development. • Q3/2026 Cash flow from financing activities included EUR 1.3 million in repayments of liabilities to credit institutions and EUR 0.4 million in lease liabilities repayments and EUR 0.3 million the purchase of treasury shares. • Q3/2026 Operative cash flow was EUR 1.7 (2.0) million. Eezy Q3/2026 EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 2025 Cash flows from operating activities Customer payments received 39 797 36 340 105 309 107 141 144 149 Cash paid to suppliers and employees -37 154 -32 764 -103 485 -98 586 -128 521 Cash flows from operating activities before financial items and taxes 2 644 3 577 1 824 8 555 15 628 Financial items paid and received -379 -467 -1 951 -2 200 -3 307 Income taxes paid -13 108 -238 -145 -204 Net cash flows from operating activities 2 252 3 218 -366 6 211 12 117 Net cash flows from investing activities -512 -985 -2 309 -3 548 -4 460 Net cash flows from financing activities -1 997 -2 234 4 901 -4 149 -5 173 Net change in cash and cash equivalents -257 -1 2 227 -1 486 2 484 Cash and cash equivalents at the beginning of the reporting period 6 586 133 4 102 1 619 1 619 Cash and cash equivalents at the end of the reporting period 6 329 133 6 329 133 4 102
Page 11
Balance sheet key figures • Net debt decreased by EUR 0.9 million compared to June 2026 (repayments of liabilities to credit institutions EUR 1.3 million, an increase of EUR 0.1 million in lease liabilities, and a decrease of EUR 0.3 million in cash and cash equivalents). • Liabilities to credit institutions (EUR 43.9 million) are subject to covenant terms, which are quarterly ratio of interest-bearing net debt compared to adjusted EBITDA and monthly the minimum cash balance. Covenant terms related to financial agreements were updated in March 2026. In May 2026, the Group designated interest rate swap to convert part of its loans (EUR 17.5 million) into fixed-rate borrowing to mitigate exposure to potential increase in interest rates. Eezy Q3/2026 EUR thousand 9/2026 6/2026 3/2026 12/2025 09/2025 Net debt 40 436 41 329 46 492 46 182 50 032 Net debt excluding IFRS16 37 593 38 588 43 322 42 377 46 309 Net debt / EBITDA 4.2 x 4.1 x 4.8 x 5.1 x 5.7 x Gearing, % 35.5 % 36.4 % 44.2 % 43.5 % 46.9 % Equity ratio, % 60.2 % 58.9 % 57.1 % 56.3 % 55.7 % Equity per share, EUR 0.93 0.91 4.20 4.24 4.26
Page 12
• The recovery of the Finnish economy has progressed, but the turnaround in the labour market has been slower, • Recent developments in the staffing services industry have been more positive, with temporary staffing revenue returning to growth and business sentiment among industry companies improving. • We view market developments with cautious optimism • In previous cycles, our industry has responded quickly to the economic cycle. Outlook for 2026 We do not provide guidance for 2026. .
Page 13
Overview on Q4/2026 priorities
Page 14
Strengthening leadership and sales • Investments in sales and leadership development continue. • We continue to actively enhance and utilize our technology platform. • Sustainability remains a key focus area, and we are actively translating our commitments into concrete actions across our operations. • Heikki Turkki started as Sales Director 26 October. • Jukka Kallioniemi started as Business Director, Staffing Services Tampere and Turku 2 November.
Page 15
Thank You!