Interim report
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Q3 2026 Glaston Corporation INTERIM REPORT January - September 2026
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GLASTON CORPORATION INTERIM REPORT JANUARY 1 – SEPTEMBER 30, 2026 INTERIM REPORT January 1– September 30, 2026 1 Glaston’s interim report January−September 2026: Markets remained soft, positive development for Services and Mobility glass equipment J ULY–SEPTEMBER 2026 IN BRIEF • Orders received totaled EUR 42.2 (43.4) million • Net sales totaled EUR 39.8 (56.5) million • Comparable EBITA was EUR 2.9 (4.8) million, i.e. 7.2 (8.5)% of net sales • T he operating result (EBIT) was EUR 2.0 (3.0) million • Comparable earnings per share were EUR 0.036 (0.076) J ANUARY─SEPTEMBER 2026 IN BRIEF • Orders received totaled EUR 121.6 (128.5) million • Net sales totaled EUR 122.3 (159.8) million • Comparable EBITA was EUR 8.3 (11.0) million, i.e. 6.8 (6.9)% of net sales • The operating result (EBIT) was EUR 12.2 (3.4) million • Comparable earnings per share were EUR 0.108 (0.125) GLASTON’S OUTLOOK FOR 2026 REMAINS UNCHANGED The architectural glass processing equipment market remained cautious in the third quarter, and a significant recovery is not expected in the near future. However, overall customer discussions and project business activity slightly improved in the third quarter and are expected to continue into the fourth quarter. Driven by China, the mobility glass processing equipment market is expected to be at the same level as in 2025. The service business environment is anticipated to remain healthy, with continued demand for equipment modernizations. G laston continues to respond to subdued equipment demand through improved operational efficiency and focused growth opportunities, particularly in lifecycle services and solutions that improve customers’ productivity. Due to the ongoing geopolitical tensions and global economic unpredictability, higher-than-normal uncertainty is related to customers’ investment decisions. G laston’s outlook remains unchanged. The company estimates that its net sales will decrease in 2026 from the levels reported for 2025. Comparable EBITA is estimated to amount to EUR 9.0−11.0 million. In 2025, Group net sales totaled EUR 208.8 million and comparable EBITA was EUR 14.0 million.
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I NTERIM REPORT January 1 – September 30, 2026 GLASTON CORPORATION PRESIDENT & CEO MIIKA ÄPPELQVIST: “In the third quarter, the market environment remained cautious. Architectural-related investment remained weak across our main regions and customers continued to take a cautious approach to new capacity decisions. While customer activity slightly increased compared to the first half of the year, this did not yet translate into new equipment orders. In the US, weak architectural market indicators continued to weigh on customer confidence and investment decisions. The European markets remained subdued, although early signs of improving customer activity emerged in Central Europe. In the Mobility market, China continued to be the most active market, supported by the demand for advanced glass processing technologies. The mark et environment for Services remained resilient despite the weakness in new equipment inv estments. Demand for upgrades, spare parts and service work strengthened further, particularly in North America. The different market dynamics across our regions and technologies were reflected in our third-quarter order intake. Orders received totaled EUR 42.2 million, the highest level so far this year, although still 3% below the comparison period. O rder intake for Mobility, Display & Solar Technologies and Services continued to develop positively. Mobility machine orders more than doubled year-on-year and totaled EUR 10.5 million. This reflects our technological competitiveness in meeting the automotive industry’s evolving requirements for automation, production efficiency and optical quality. The majority of mobility orders in the third quarter originated from APAC. Driven by our strong commercial focus on Services, the business maintained its positive development, with orders increasing by 8% year-on-year, led by the Americas. Upgrade demand remained strong, supported by our focused commercial efforts and customers’ continued investments in improving the performance of their existing equipment. The low order intake in the previous quarters affected net sales. With both segments performing below the level of the previous year, net sales were down by 30% and totaled EUR 39.8 million. Service’s net sales remained stable year-on-year, and represented 53% of total sales, highlighting its importance in our offering. Despite the significant decline in net sales, we maintained a comparable EBITA margin of 7.2%, corresponding to EUR 2.9 million. Our cost reduction measures during the past two years, the move of the Mobility, Display and Solar production from Switzerland to China, and the positive Services development helped mitigate the impact of lower equipment volumes, providing a stronger foundation for profitability as market conditions improve. While the prolonged market weakness has weighed on our sales performance, we recognize that there is more we can do to strengthen our commercial execution and competitiveness. We are intensifying our focus on commercial excellence through targeted initiatives, more proactive customer engagement and a sharper focus on winning opportunities across our markets. Our objective is clear: to compete more effectively and capture opportunities even in a market that remains challenging. Glasstec, held every two years in Düsseldorf in October, is the glass processing industry’s leading trade fair and an important platform for our commercial activities. At the event, we introduced new products across our tempering, insulating glass, and laminating technologies. We also launched new automation solutions designed to improve the productivity and efficiency of customers’ existing production facilities. These launches support our growth ambitions by strengthening our offering to existing customers and expanding our reach to new customers, particularly in the mid-market segment. Despite the uncertainties in the global business environment, customer discussions indicated cautious signs of improving activity, with some longer term projects in the EMEA region that are now expected to move forward. Looking towards the end of the year, we continue to see slightly improving customer activity. At the same time, the uncertain business environment is having an impact, with the delivery of some customer projects in the Middle East expected to be delayed. For order intake, the third quarter marked our strongest so far this year, and our ambition is clear: to make the fourth quarter order intake even stronger. With an increasing number of active customer opportunities and intensified commercial efforts across our businesses, we are fully focused on converting this momentum into orders and finishing the year on a positive note.”
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GLASTON CORPORATION I NTERIM REPORT January 1 – September 30, 2026 GLASTON GROUP’S KEY FIGURES MEUR 7-9/2026 7-9/2025 Change % 1-9/2026 1-9/2025 Change % 1-12/2025 Orders received 42.2 43.4 -2.8% 121.6 128.5 -5.4% 177.4 of which service operations 21.8 20.2 7.8% 62.4 55.7 12.2% 73.8 of which service operations, % 51.6% 46.5% 51.4% 43.3% 41.6% Order book at end of period 60.4 63.1 -4.3% 60.4 63.1 -4.3% 61.3 Net sales 39.8 56.5 -29.5% 122.3 159.8 -23.5% 208.8 of which service operations 21.1 21.2 -0.8% 60.0 60.7 -1.1% 81.2 of which service operations, % 52.9% 37.6% 49.1% 38.0% 38.9% EBITDA 4.0 5.2 -23.3% 18.5 10.1 83.4% 13.8 Items affecting comparability 1) -0.1 0.7 -119.7% -7.3 4.2 -271.2% 5.1 Comparable EBITDA 3.8 5.9 -35.0% 11.3 14.3 -21.4% 18.9 Comparable EBITDA, % 9.6% 10.4% 9.2% 9.0% 9.1% Comparable EBITA 2.9 4.8 -39.9% 8.3 11.0 -24.9% 14.0 Comparable EBITA, % 7.2% 8.5% 6.8% 6.9% 6.7% Operating result (EBIT) 2.0 3.0 -33.2% 12.2 3.4 255.9% 4.4 Profit/loss for the period 1.3 2.3 -42.5% 9.5 1.0 818.4% 1.2 Comparable earnings per share, EUR3) 0.036 0.076 -52.7% 0.108 0.125 -13.4% 0.151 Cash flow from operating activities 3.2 -2.8 214.1% 3.7 -0.9 511.4% -0.4 Return on capital employed (ROCE), %, (annualized) 15.6% 5.0% 4.8% Comparable return on capital employed (ROCE), %, (annualized) 7.7% 12.1%2) 11.3% Equity ratio, % 50.7% 42.4% 43.3% Net gearing, % 21.1% 44.5% 43.8% Number of employees at end of period 738 792 -6.8% 772 1)+ cost, - income 2) C omparison period figure has been adjusted 3) O n 22 April 2025, a reverse share split was carried out. The number of shares and the share price in the comparison period, and the key figures calculated from them have been adjusted accordingly.
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 OPERATING ENVIRONMENT Architectural glass equipment Affected by the ongoing high degree of uncertainty in the global business environment and key architectural economic indicators developing unfavorably, the Architectural market continued to be soft. Demand for Glaston’s tempering, laminating and insulating glass equipment remained at a modest level in all market areas, with customers prioritizing the upgrade of their existing equipment over new machine investments. However, compared to the first half of the year, overall market activity developed positively in terms of customer discussions and active customer cases. In the EMEA area, market conditions remained largely unchanged and customers continued to prioritize modernization and maintenance of existing equipment. Potentially driven in part by the upcoming glasstec trade fair, demand developed slightly positively, and increased activity was noted particularly in Central Europe. The US market continued to be affected by the uncertainty in the operating environment and investment hesitation continued. In China, the structural differentiation of the market continued. Affected by the low level of activity in the construction market, demand for standard architectural glass remained subdued. Demand for high-performance energy saving glass was stable, driven by green renovation and energy-saving building regulations and standards. This translated into growing demand for intelligent, energy-saving tempering furnaces, fully automatic laminating production lines, and integrated warm-edge insulating glass equipment. In Services, overall demand and order intake for upgrades remained strong. In EMEA and the Americas, demand for upgrades remained robust, while demand for daily services increased in both regions. Mobility, Display & Solar glass equipment In China, the broader automotive glass industry faced mild downward pressure and Electric Vehicle (EV) glass capacity expansion moderated. A structural shif t in glass processors’ capital spending was observed as customers prioritized retrofitting existing pre- processing lines over investing in new complete lines. Also, non-urgent investment plans were delayed. Electric Vehicle penetration continued to grow , supporting interest for large curved head-up displays (HUDs) and curved panoramic canopy designs, driving demand for advanced pre-processing equipment. In Southeast Asia (SEA), the automotive market growth moderated amid slowing regional vehicle investments. In North America, the demand environment continued to be challenging with new increases in fuel and interest rate s. In EMEA, the Mobility market remained cautious and customer investments focused on maintaining and m odernizing the existing installed base rather than adding new production capacity. In Services, demand for upgrades picked up slightly in Americas and China. In Americas, demand for spare parts and service work further increased from a high level. In EMEA, demand for daily services was slightly higher. Despite price sensitivity and slower decision making, demand for service work and spare parts was increasing slightly from a lower level in APAC.
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 FINANCIAL DEVELOPMENT OF THE GROUP Orders received and order book July−September Due to the sluggish Architectural market , machine orders continued to be limited , and orders received totaled EUR 42.2 (43.4) million. Orders for Architectural Tempering and Laminating Technologies were down by 26%, and orders for Insulating Glass Technologies down by 57%. For Mobility, Display & Solar Technologies, order intake was up by 159% from a low comparison period. Good demand for upgrades continued and Services’ order intake was up by 8% year-on-year. Orders received, EUR million 7–9/2026 7–9/2025 Change% 1–9/2026 1–9/2025 Change% 1–12/2025 Architecture 25.4 34.0 -25.1% 83.7 103.1 -18.8% 140.7 Mobility, Display & Solar 16.7 9.4 77.4% 37.9 25.4 48.9% 36.6 Total segments 42.2 43.4 -2.8% 121.6 128.5 -5.4% 177.4 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 Total Glaston Group 42.2 43.4 -2.8% 121.6 128.5 -5.4% 177.4 January−September Order intake was down by 5% compared to the corresponding period in the previous year and was EUR 121.6 (128.5) million. Due to the low order intake in the previous quarters of the year, orders received for Architectural Tempering and Laminating Technologies were down by 39% and orders for Insulating Glass Technologies down by 35%. For Mobility, Display & Solar Technologies, order intake was up by 76%. Services’ order intake was up by 12% year-on-year. Order book At the end of the third quarter, the order book stood at EUR 60.4 (63.1) million and was 4% lower year-on-year. The Architecture segment’s order book totaled EUR 39.0 (49.5) million, representing 65% of the order book, while the Mobility, Display & Solar segment’s order book totaled EUR 21.4 (13.6) million or 35% of the Group’s total. Net sales and profitability July−September The Group’s net sales were down by 30% from the corresponding period in 2025 and totaled EUR 39.8 (56.5) million. The Architecture segment’s net sales were down by 33% and totaled EUR 28.4 (42.2) million. Net sales in the Mobility, Display & Solar segment were down by 18% to EUR 11.7 (14.3) million. Services’ net sales were on the same level as in the comparison period. Of total net sales, the Architecture segment accounted for 71% and the Mobility, Display & Solar segment accounted for 29%. Geographically, the EMEA region accounted for 45%, the Americas for 32%, and the APAC region for 23% of third-quarter net sales. Comparable EBITA was EUR 2.9 (4.8) million, i.e. 7.2 (8.5)% of net sales with reduced fixed costs and Services’ higher share partly offsetting the negative impact of lower machine net sales. The Architecture segment’s comparable EBITA was EUR 1.1 (3.6) million and the EBITA margin was 3.9 (8.6)%. The Mobility, Display & Solar segment’s profitability improved from the comparison period and was EUR 1.8 (1.2) million and the EBITA margin was 15.2 (8.5)%. The comparable operating result was EUR 1.8 (3.7) million, i.e. 4.6 (6.5.)% of net sales. The third-quarter operating result was EUR 2.0 (3.0) million. Items affecting comparability amounting to EUR 0.1 (-0.7) million were recognized. Financial income and expenses were EUR -0.4 (-0.4) million. The result before taxes was EUR 1.5 (2.5) million. The result for the third quarter was EUR 1.3 (2.3) million and earnings per share were EUR 0.032 (0.056). The comparable earnings per share were EUR 0.036 (0.076). January−September The Group’s net sales were down by 24% from the corresponding period in 2025 and totaled EUR 122.3 (159.8). The Architecture segment’s net sales were down by 24% from the comparison period and totaled EUR 92.8 (122.6) million. Net sales in the Mobility, Display & Solar segment were down by 19% to EUR 30.2 (37.4) million. Services’ net sales were on the same level as in the comparison period. Comparable EBITA amounted to EUR 8.3 (11.0) million, i.e. 6.8 (6.9)% of net sales. The comparable operating result was EUR 4.9 (7.7) million, i.e. 4.0 (4.8)% of net sales. The operating result was EUR 12.2 (3.4) million. Items affecting comparability totaled EUR 7.3 (-4.2) million and consisted mainly of the gain of the sale of Glaston’s factory property in Switzerland. Financial income and expenses were EUR -1.2 (-1.6) million. The result before taxes was EUR 10.8 (1.6) million. The result for the January−September period was EUR 9.5 (1.0) million. Earnings per share were EUR 0.227 (0.025) and comparable earnings per share were EUR 0.108 (0.125).
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 Reporting segment Architecture Architecture segment’s third quarter in brief: • Markets remained soft. • Machine orders were limited; order intake for upgrades remained strong • Net sales declined impacting profitability Architecture KEY RATIOS EUR million 7−9/2026 7−9/2025 Change% 1−9/2026 1−9/2025 Change% 1−12/2025 Orders received 25.4 34.0 -25.1% 83.7 103.1 -18.8% 140.7 of which service operations 15.5 14.8 4.9% 44.7 41.7 7.2% 55.4 of which service operations, % 61.1% 43.6% 53.3% 40.4% 39.4% Order book at end of period 39.0 49.5 -21.3% 39.0 49.5 -21.3% 46.0 Net sales 28.4 42.2 -32.8% 92.8 122.6 -24.3% 162.2 of which service operations 14.7 16.5 -10.7% 44.1 46.0 -4.1% 61.5 of which service operations, % 51.8% 39.0% 47.5% 37.5% 37.9% Comparable EBITA 1.1 3.6 -69.7% 4.2 9.8 -57.0% 12.5 Comparable EBITA, % 3.9 % 8.6% 4.5 % 8.0% 7.7% Operating result (EBIT) 1.8 2.6 -28.2% 2.9 6.3 -53.6% 7.8 Operating result (EBIT), % 6.5% 6.1% 3.2% 5.1% 4.8% Orders received July−September The subdued Architectural market was reflected in the segment’s order intake, which was EUR 25.4 (34.0) million, down by 25% from the 2025 comparison period. The Architectural Tempering and Laminating Technologies order intake was down by 26% to EUR 3.9 (5.3) million, with orders for FC Series lines and a Jumbo Series line. The order intake for Insulating Glass Technologies was down by 57% and totaled EUR 6.0 (13.8) million. In China, the Comfort TPS® line continued to show its competitivness with two closed deals from key customers. After a lengthy process, an order for a Glaston VARIO TPS® line from a leading glass processor in Northern China was successfully closed. As new machinery investments remained limited, demand for upgrades continued at a high level, and Services’ orders were up by 5% year-on-year. Major tempering upgrades were received from the US, Poland, the United Kingdom, and Denmark. January−September Throughout the January−September period, the Architectural market was soft. The order intake decreased by 19% compared to the corresponding period in the previous year and totaled EUR 83.7 (103.1) million. Architectural Tempering and Laminating Technologies’ orders were down by 39%, and Insulating Glass Technologies down by 35%. Services’ orders were up by 7% year- on-year. Order book The order book decreased by 21% and stood at EUR 39.0 (49.5) million at the end of September. Financial development July−September The segment’s net sales were down by 33% from the comparison period and were EUR 28.4 (42.2) million. Due to the lower order intake in earlier quarters, net sales for Architectural Tempering and Laminating Technologies were down by 59%, and for Insulating Glass Technologies down by 39%. Service net sales were down by 11% from the comparison period. Comparable EBITA was EUR 1.1 (3.6) million, i.e. 3.9 (8.6)% of net sales. Comparable EBITA declined mainly due to the lower volume. January−September The segment’s net sales were down by 24% and totaled EUR 92.8 (122.6) million with all technologies performing below the level of the previous year. Comparable EBITA was EUR 4.2 (9.8) million, i.e. 4.5 (8.0)% of net sales. The lower volume burdened profitability development.
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 Reporting segment Mobility, Display & Solar Mobility, Display & Solar segment’s third quarter in brief: • Led by China, APAC was the most active market • Order intake up by 77% • Net sales down by 18% against a strong comparison period, profitability improvement continued Mobility, Display & Solar KEY RATIOS EUR million 7−9/2026 7−9/2025 Change% 1−9/2026 1−9/2025 Change% 1−12/2025 Orders received 16.7 9.4 77.4% 37.9 25.4 48.9% 36.6 of which service operations 6.2 5.4 15.8% 17.8 14.0 27.0% 18.4 of which service operations, % 37.1% 56.8% 47.0 % 55.1% 50.2 % Order book at end of period 21.4 13.6 57.9% 21.4 13.6 57.9% 15.3 Net sales 11.7 14.3 -17.9% 30.2 37.4 -19.1% 47.1 of which service operations 6.4 4.8 33.3% 15.9 14.7 8.3% 19.7 of which service operations, % 54.2% 33.4% 52.6% 39.3% 41.9% Comparable EBITA 1.8 1.2 52.7% 4.1 1.3 225.9% 1.5 Comparable EBITA, % 15.2% 8.2 % 13.6% 3.4% 3.2 % Operating result (EBIT) 0.1 0.4 65.8% 9.3 - 2.9 423.2% -3.3 Operating result (EBIT), % 1.2 % 2.8% 30.7% -7.7 % -7.1% Orders received July−September The Mobility, Display & Solar segment’s order intake was up by 77% to EUR 16.7 (9.4) million. In addition to several pre- processing line orders from key customers in China, major orders included a MATRIX EVO bending furnace and CHAMP EVO pre-processing line order from East Asia. Services’ orders were up by 16% from the comparison period. APAC delivered strong order intake growth from a low comparison period. For Americas, upgrade orders increased slightly year-on-year, whereas EMEA performed below the level of the previous year. January−September The segment’s order intake was up by 49% from the comparison period, totaling EUR 37.9 (25.4) million. Services’ orders were up by 27% year-on-year. Order book The segment’s order book increased by 58% and stood at EUR 21.4 (13.6) million at the end of the period. Financial development July−September The Mobility, Display & Solar segment’s net sales were down by 18% from a high comparison period and totaled EUR 11.7 (14.3) million. Services’ net sales increased by 33% mainly due to the good spare parts sales in the US. Comparable EBITA improved and was EUR 1.8 (1.2) million, i.e. 15.2 (8.2)% of net sales with the higher Service share contributing positively. January−September The segment’s net sales decreased by 19% to EUR 30.2 (37.4) million. Comparable EBITA was EUR 4.1 (1.3) million, i.e. 13.6 (3.4)% of net sales, and was mainly due to lower fixed costs and Services’ share increasing.
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 Financial position, cash flow, and financing At the end of September, Glaston Group’s balance sheet total was EUR 168.3 (173.9) million. Intangible assets amounted to EUR 70.1 (72.8) million, of which goodwill was EUR 58.2 (57.7) million. At the end of the period, property, plant, and equipment amounted to EUR 18.4 (22.3) million and inventories to EUR 27.3 (31.4) million. The comparable return on capital employed (ROCE) was 7.7 (12.1)%. At the end of September, the company’s net gearing was 21.1 (44.5)%. The equity ratio was 50.7 (42.4)%. Net interest-bearing debt totaled EUR 15.7 (28.3) million. The third-quarter cash flow from operating activities, before the change in working capital, was EUR 5.3 (5.9) million. Cash flow from the change in working capital was EUR -2.2 (-8.7) million. Cash flow from operating activities was EUR 3.2 (-2.8) million. Cash flow from investing activities was EUR -0.4 (-0.4) million. Net cash flow from financing activities was EUR -0.7 (2.9) million. Capital expenditure and product development Glaston Group’s January−September gross capital expenditure totaled EUR 0.8 (2.2) million and was primarily related to product development. Depreciation and amortization of property, plant, and equipment, and intangible assets totaled EUR 6.4 (6.7) million. In the review period, the first fully automated tempering process upgrade including Glaston Autopilot, Batch Optimizer and AutoLoad was installed and successfully completed. Also, preparations for the industry’s leading event, the glasstec exhibition, continued. At the event, held in October, Glaston showcased its wide range of automation solutions for tempering, lamination, insulating glass and mobility glass manufacturing, In tempering, the company demonstrated its intelligent automation and real-time quality control solution, which covers the entire tempering workflow, from automatic loading through output monitoring. In insulating glass technologies, the Glaston MUNTIN’MASTER with Cobot, the fully automated solution for muntin bar positioning in TPS® insulating glass units, was presented for the first time. In January−September, research and product development expenditure, excluding depreciation, totaled EUR 3.4 (6.2) million, of which EUR 0.6 (1.2) million was capitalized. Research and product development expenditure amounted to 2.8 (3.9)% of net sales. ORGANIZATION & PERSONNEL Due to the low order intake, consultation procedures with employee representatives following local processes were conducted in Germany and China. As a result of the procedures, nine permanent and five temporary employment contracts were terminated in Germany. In China, temporary lay-offs have been implemented since July 2026. Glaston Group had 738 (792) employees on September 30, 2026. The Architecture segment employed 605 (612) and the Mobility, Display & Solar segment employed 133 (180) people. Based on expected demand for 2026, approximately 30 employees at the Tianjin factory in China, which serves both segments, were reallocated from the Mobility, Display & Solar segment to the Architecture segment at the beginning of the year. On a comparable basis, excluding these internal reallocations, headcount has declined clearly in both segments. COST REDUCTION PROGRAM To ensure profitable performance, Glaston announced in August 2025 a program to improve the company’s efficiency and reduce costs in various cost categories. Glaston expected that the planned measures would lead to annual run-rate savings of approximately EUR 6 million and would be realized during 2026. The targeted annual run-rate savings of EUR 6 million were achieved by the end of the first quarter of 2026. Cost discipline is now embedded in the company’s operating model, hence permanent as well as short-term cost-saving actions will continue.
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 GOVERNANCE Shares and shareholders Glaston Corporation’s shares are listed on the Nasdaq Helsinki Small Cap list. The trading code is GLA1V and the ISIN code is FI4000587340. Each share entitles its holder to one vote and voting right. Glaston Corporation’s share capital on September 30, 2026, was EUR 12.7 (12.7) million. No. of shares Share turnover, EUR million GLA1V 42,145,805 3.9 Highest Lowest Closing Average price *) Share price 1.34 0.96 1.01 1.11 30.9.2026 30.9.2025 Market value 42.5 47.1 Number of shareholders 6,782 7,146 Foreign ownership, % 28.3 28.2 *) trading-weighted average Annual General Meeting 2026 The Annual General Meeting (AGM) was held on April 16, 2026, in Helsinki. The AGM agreed on all items on the agenda in line with the proposals made by the Shareholders' Nomination Board and the Board of Directors. The resolutions of the AGM are available in the stock exchange release dated April 16, 2026. SHORT-TERM RISKS AND BUSINESS UNCERTAINTIES Uncertainties in the global economy and geopolitical environment are expected to continue. Their impact on the Architectural market remains the main short-term risk for Glaston. Typically, demand for Glaston’s products and services for the Architectural market is affected by general economic cycles, particularly the level of activity within the construction industry. While no major changes in the global construction market are expected in the near term, cautious positive developments have been observed in certain regions, particularly in parts of Europe and Asia-Pacific. However, a further deterioration in the geopolitical environment could lead to further delays in customers' investment decisions. Supported by the transition to electric vehicles, China is the Mobility market’s most active region. Outside China, demand is well below typical levels and recovery is not expected soon. Glaston continues to closely follow this development. Glaston continuously monitors the global economy’s development outlook and its impact on the progress of its markets. In the machines businesses a weaker demand environment affects Glaston’s net sales and earnings with a delay of four to six months. Any material slowdown in the demand for services would have a faster impact. Also, project business in general could be affected by market uncertainty. More limited availability and the higher cost of financing may increase customer-related credit risks. Glaston delivers projects involving risks related to engineering, project execution, and installation. Failure to plan or manage these projects could lead to higher-than-estimated costs, revenue recognition delays, or disputes with customers. With the rapid evolution of digital technologies, including AI, cyber security risks have increased. Potential cyber threats could cause various forms of operational and financial damage to the company. Major supply chain disruptions may impact the company’s performance as component scarcity may cause revenue recognition delays, whereas significantly increased raw materials prices may add to short-term profitability pressure. Labor shortages and employee turnover are concerns in the market. Glaston’s ability to maintain a high level of job satisfaction among its employees and also attract new employees is further emphasized. Glaston’s long-term strategic and operational risks and uncertainties are described in detail in the Annual Review 2025 in the Report of the Board of Directors.
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GLASTON CORPORATION INTERIM REPORT January 1 – September 30, 2026 GLASTON’S OUTLOOK FOR 2026 The architectural glass processing equipment market remained cautious in the third quarter, and a significant recovery is not expected in the near future. However, overall customer discussions and project business activity slightly improved in the third quarter and are expected to continue into the fourth quarter. Driven by China, the mobility glass processing equipment market is expected to be at the same level as in 2025. The service business environment is anticipated to remain healthy, with continued demand for equipment modernizations. Glaston continues to respond to subdued equipment demand through improved operational efficiency and focused growth opportunities, particularly in lifecycle services and solutions that improve customers’ productivity. Due to the ongoing geopolitical tensions and global economic unpredictability, higher-than-normal uncertainty is related to customers’ investment decisions. Glaston’s outlook remains unchanged. The company estimates that its net sales will decrease in 2026 from the levels reported for 2025. Comparable EBITA is estimated to amount to EUR 9.0−11.0 million. In 2025, Group net sales totaled EUR 208.8 million and comparable EBITA was EUR 14.0 million.
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GLASTON CORPORATION INTERIM FINANCIAL REPORT 1 JANUARY – 30 SEPTEMBER 2026 CONDENSED STATE- MENT OF PROFIT OR LOSS EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Net sales 39.8 56.5 -29.5% 122.3 159.8 -23.5% 208.8 Other operating income 1.8 0.4 10.1 1.2 2.1 Changes in inventories of finished goods and work in progress 1.2 -2.8 2.5 -4.2 -6.7 Own work capitalized 0.0 0.0 0.0 0.3 0.3 Materials -16.9 -22.2 -48.9 -62.7 -81.7 Personnel expenses -13.8 -15.3 -43.3 -50.1 -66.0 Other operating expenses -8.0 -11.5 -24.1 -34.3 -43.0 Depreciation, amortization and impairment -2.0 -2.2 -6.3 -6.7 -9.4 Operating result 2.0 3.0 -33.2% 12.2 3.4 255.9% 4.4 Financial items, net -0.4 -0.4 -1.2 -1.6 -2.2 Interest expenses on lease liabilities -0.1 -0.1 -0.2 -0.3 -0.3 Result before income taxes 1.5 2.5 -40.1% 10.8 1.6 577.9% 1.9 Income taxes -0.2 -0.2 -1.3 -0.6 -0.7 Profit / loss for the period 1.3 2.3 -42.5% 9.5 1.0 818.4% 1.2 Earnings per share, basic, EUR* 0.032 0.056 0.227 0.025 0.028 Earnings per share, diluted, EUR* 0.032 0.056 0.226 0.025 0.028 *On 22 April 2025, a reverse share split was carried out. The number of shares and the share price in the comparison period, and the key figures calculated from them have been adjusted accordingly. STATEMENT OF OTHER COMPREHENSIVE INCOME EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Profit / loss for the period 1.3 2.3 9.5 1.0 1.2 Other comprehensive income that will be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations 0.0 -0.4 1.1 -2.6 -2.4 Cash flow hedges 0.1 -0.2 -0.2 1.0 0.8 Cash flow hedges, taxes 0.0 0.0 0.1 -0.2 -0.1 Other comprehensive income that will not be reclassified subsequently to profit or loss: Actuarial gains and losses arising from defined benefit plans - - - - 0.0 Taxes on actuarial gains and losses arising from defined benefit plans - - - - 0.0 Other comprehensive income for the reporting period 0.1 -0.5 1.0 -1.8 -1.6 Total comprehensive income for the reporting period 1.4 1.8 10.6 -0.8 -0.5
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 CONSOLIDATED STATEMENT OF FINANCIAL POSITION EUR million 30.9.2026 30.9.2025 31.12.2025 Assets Non-current assets Goodwill 58.2 57.7 57.8 Other intangible assets 11.9 15.1 14.3 Property, plant and equipment 18.4 22.3 21.5 Right-of-use assets 3.4 4.8 4.3 Financial assets measured at fair value through other comprehensive income 0.0 0.0 0.0 Loan and other non-current receivables 1.1 0.9 1.2 Deferred tax assets 1.7 2.5 2.4 Total non-current assets 94.8 103.3 101.5 Current assets Inventories 27.3 31.4 28.0 Trade and other receivables 17.6 19.1 19.6 Contract assets 10.1 13.5 14.4 Total receivables 27.6 32.5 34.0 Cash equivalents 18.6 6.7 8.9 Total current assets 73.5 70.7 70.8 Total assets 168.3 173.9 172.4 EUR million 30.9.2026 30.9.2025 31.12.2025 Equity and liabilities Equity Share capital 12.7 12.7 12.7 Other restricted equity reserves 0.1 0.1 0.1 Reserve for invested unrestricted equity 95.2 95.2 95.2 Treasury shares -0.2 -0.2 -0.2 Other unrestricted equity reserves 0.1 0.4 0.2 Retained earnings -38.0 -47.9 -47.8 Exchange difference 4.7 3.3 3.6 Total equity 74.6 63.6 63.8 Non-current liabilities Non-current interest-bearing liabilities 27.6 27.9 28.9 Non-current lease liabilities 1.9 3.4 2.9 Non-current interest-free liabilities and provisions 1.0 1.6 1.6 Deferred tax liabilities 5.7 7.5 6.5 Total non-current liabilities 36.1 40.4 39.9 Current liabilities Current interest-bearing liabilities 2.9 1.5 2.9 Current lease liabilities 2.0 2.2 2.1 Current provisions 4.3 5.2 4.8 Trade and other current interest-free payables 46.8 57.5 55.2 Contract liabilities 0.2 0.3 0.1 Liabilities for current tax 1.5 3.3 3.7 Total current liabilities 57.6 69.9 68.7 Total liabilities 93.7 110.3 108.5 Total equity and liabilities 168.3 173.9 172.4
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Cash flows from operating activities Cash flow before change in net working capital 5.3 5.9 7.9 9.4 11.1 Change in net working capital -2.2 -8.7 -4.2 -10.2 -11.5 Net cash flow from operating activities 3.2 -2.8 3.7 -0.9 -0.4 Cash flow from investing activities Purchases of non-current assets -0.4 -0.4 -0.8 -2.2 -2.7 Proceeds from sale of other non-current assets -0.1 - 8.5 - - Net cash flow from investing activities -0.5 -0.4 7.7 -2.2 -2.7 Cash flow before financing 2.7 -3.1 11.4 -3.1 -3.1 Cash flow from financing activities Increase in non-current liabilities - 2.1 - 5.0 34.2 Decrease in non-current liabilities - - - - -28.0 Increase in short-term liabilities - 1.6 - 1.6 2.8 Decrease in short-term liabilities - - -1.4 -2.0 -2.0 Repayment of leasing liabilities -0.6 -0.7 -2.0 -2.2 -2.9 Return of capital - - - -2.5 -2.5 Net cash flow from financing activities -0.7 2.9 -3.4 -0.2 1.5 Effect of exchange rate changes 0.2 -0.4 1.7 -2.3 -1.8 Net change in cash and cash equivalents 2.3 -0.7 9.7 -5.6 -3.4 Cash and cash equivalents at the beginning of period 16.3 7.4 8.9 12.3 12.3 Cash and cash equivalents at the end of period 18.6 6.7 18.6 6.7 8.9 Net change in cash and cash equivalents 2.3 -0.7 9.7 -5.6 -3.4
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY EUR million Share capital Other restr. equity Reserve for inv. unrestr. equity Treasury shares Other unrestr. equity Ret. earnings Exch. diff. Total equity Equity on 1 January, 2026 12.7 0.1 95.2 -0.2 0.2 -47.8 3.6 63.8 Total compr. income for the period - - - - -0.1 9.5 1.1 10.6 Acquisition of treasury shares - - - - - - - - Disposal of treasury shares - - 0.0 - - - - 0.0 Share-based incentive plan - - - - - 0.0 - 0.0 Taxes on share- based incentive plan - - - - - -0.0 - -0.0 Return of capital - - - - - - - - Other changes - - - - - 0.2 - 0.2 Equity on 30 September 2026 12.7 0.1 95.2 -0.2 0.1 -38.0 4.7 74.6 EUR million Share capital Other restr. equity Reserve for inv. unrestr. equity Treasury shares Other unrestr. equity Ret. earnings Exch. diff. Total equity Equity on 1 January, 2025 12.7 0.1 97.8 -0.2 -0.5 -48.9 5.9 66.8 Total compr. income for the period - - - - 0.8 1.0 -2.6 -0.8 Acquisition of treasury shares - - - - - - - - Disposal of treasury shares - - - 0.0 - - - 0.0 Share-based incentive plan - - - - - -0.0 - -0.0 Taxes on share- based incentive plan - - - - - 0.0 - 0.0 Return of capital - - -2.5 - - - - -2.5 Other changes - - - - - 0.0 - 0.0 Equity on 30 September 2025 12.7 0.1 95.2 -0.2 0.4 -47.9 3.3 63.6
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 KEY RATIOS 30.9.2026 30.9.2025 31.12.2025 EBITDA, as % of net sales 15.2% 6.3% 6.6% Comparable EBITDA, as % of net sales 9.2% 9.0% 9.1% Operating profit (EBIT), as % of net sales 10.0% 2.1% 2.1% Comparable EBITA, as % of net sales 6.8% 6.9% 6.7% Profit / loss for the period, as % of net sales 7.8% 0.6% 0.6% Gross capital expenditure, EUR million 0.8 2.2 2.7 Gross capital expenditure, as % of net sales 0.7% 1.4% 1.3% Equity ratio, % 50.7% 42.4% 43.3% Gearing, % 46.0% 55.1% 57.7% Net gearing, % 21.1% 44.5% 43.8% Net interest-bearing debt, EUR million 15.7 28.3 28.0 Capital employed, end of period, EUR million 108.9 98.6 100.6 Return on equity, % 18.4% 2.1% 1.8% Return on capital employed, % 15.6% 5.0% 4.8% Comparable Return on capital employed, % 7.7% 12.1%1) 11.3% Number of personnel, average 752 807 799 Number of personnel, end of period 738 792 772 1) Comparison period figure has been adjusted. PER SHARE DATA 30.9.2026 30.9.2025* 31.12.2025* Number of registered shares, end of period (1.000) 42 146 42 146 42 146 Number of registered shares, end of period, excluding treasury shares (1.000) 42 045 42 045 42 045 Number of shares, average, excluding treasury shares (1.000) 42 045 42 038 42 039 EPS, basic EUR 0.227 0.025 0.028 EPS, diluted, EUR 0.226 0.025 0.028 Comparable EPS, EUR 0.108 0.125 0.151 Comparable EPS, diluted, EUR 0.108 0.125 0.151 Equity attributable to owners of the parent per share, EUR 1.77 1.51 1.52 Return of capital per share, EUR - - - Return of capital yield / share, % - - - Price per earnings per share (P/E) ratio 4.5 45.3 39.8 Price per equity attributable to owners of the parent per share 0.57 0.74 0.74 Market capitalization of registered shares, EUR million 42.5 47.1 47.4 Share turnover, %, number of shares traded, % of the average registered number of shares 8.5% 8.0% 11.7% Number of shares traded, (1.000) 3 559 3 375 4 919 Closing price of the share, EUR 1.01 1.12 1.13 Highest quoted price, EUR 1.34 1.70 1.70 Lowest quoted price, EUR 0.96 1.11 1.10 Volume-weighted average quoted price, EUR 1.11 1.38 1.30 * On 22 April 2025, a reverse share split was carried out. The number of shares and the share price in the comparison period, and the key figures calculated from them have been adjusted accordingly.
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 The reconciliation of alternative performance measures Items affecting comparability EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Re-structuring -0.1 -0.6 -0.5 -3.6 -4.4 Sale of factory property - - 7.8 - - Other 0.3 -0.2 -0.1 -0.7 -0.7 Items affecting comparability 0.1 -0.7 7.3 -4.2 -5.1 Comparable operating result (EBIT) and EBITA EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Operating result 2.0 3.0 12.3 3.4 4.4 Items affecting comparability1) -0.1 0.7 -7.3 4.2 5.1 Comparable EBIT 1.8 3.7 4.9 7.7 9.5 Operating result 2.0 3.0 12.2 3.4 4.4 Amortization1) 1.0 1.1 3.2 3.2 4.3 EBITA 3.0 4.0 15.4 6.6 8.7 Purchase price allocation, depreciation1) 0.1 0.1 0.2 0.2 0.2 Items affecting comparability1) -0.1 0.7 -7.3 4.2 5.1 Comparable EBITA 2.9 4.8 8.3 11.0 14.0 % of net sales 7.2% 8.5% 6.8% 6.9% 6.7% 1) + cost, - income Comparable ROCE% and EPS EUR million 1-9/2026 1-9/2025 1-12/2025 Profit/loss for the period before taxes 10.8 1.6 1.9 Financial expenses 1.5 2.1 2.9 Items affecting comparability1) -7.3 4.2 5.1 Purchase price allocation1) 1.0 1.0 1.4 Total 6.1 9.0 11.2 Total annualized 8.1 12.03) 11.2 Equity 74.6 63.6 63.8 Interest bearing liabilities 34.3 35.0 36.8 Avg (1.1.and end of period) 104.8 98.8 99.8 Comparable ROCE% 7.7% 12.1%3) 11.3% Profit/loss for the period 9.5 1.0 1.2 Purchase price allocation1) 1.0 1.0 1.4 Items affecting comparability1) -7.3 4.2 5.1 -tax 1.2 -1.1 -1.3 Total 4.6 5.3 6.4 Number of shares average, excluding treasury shares2) 42.0 42.0 42.0 Comparable earnings per share, EUR 0.108 0.125 0.151 1) + cost, - income 2) On 22 April 2025, a reverse share split was carried out. The number of shares and the share price in the comparison period, and the key figures calculated from them have been adjusted accordingly. 3) Comparison period figure has been adjusted.
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 CALCULATION OF KEY FIGURES Per share data Earnings per share (EPS): Net result attributable to owners of the parent / Average number of shares outstanding Diluted earnings per share: Net result attributable to owners of the parent / Average diluted number of shares outstanding Dividend per share*: Dividends paid / Number of issued shares at end of the period Dividend payout ratio*: (Dividend per share x 100) / Earnings per share Dividend yield per share*: (Dividend per share x 100) / Share price at end of the period Equity attributable to owners of the parent per share: Equity attributable to owners of the parent at end of the period / Number of shares at end of the period, excluding treasury shares Average trading price: Shares traded (EUR) / Shares traded (volume) Price per earnings per share (P/E): Share price at end of the period / Earnings per share (EPS) Price per equity attributable to owners of the parent per share: Share price at end of the period / Equity attributable to owners of the parent per share Share turnover: The proportion of number of shares traded during the period to weighted average number of shares, excluding treasury shares Market capitalization: Number of shares at end of the period x share price at end of the period Number of shares at period end: Number of issued shares - treasury shares *The definition is also applied with return of capital Financial ratios EBITDA: Profit / loss before depreciation, amortization, and impairment Operating result (EBIT): Profit / loss after depreciation, amortization, and impairment Cash and cash equivalents: Cash + other financial assets (includes cash and cash equivalents at amortized cost) Net interest-bearing debt: Interest-bearing liabilities (includes interest-bearing liabilities at amortized cost) - cash and cash equivalents Financial expenses: Interest expenses of financial liabilities + fees of financing arrangements + foreign currency differences of financial liabilities Equity ratio. %: Equity (Equity attributable to owners of the parent + non-controlling interest) x 100 / (Total assets - advance payments received) Gearing, %: (Interest-bearing liabilities x 100) / Equity (Equity attributable to owners of the parent + non-controlling interest) Net gearing, %: (Net interest-bearing debt x 100) / Equity (Equity attributable to owners of the parent + non-controlling interest) Return on capital employed, % (ROCE): (Profit / loss before taxes + financial expenses x 100) / (Equity + interest-bearing liabilities, average of 1 January and end of the reporting period) Return on equity, % (ROE): (Profit / loss for the reporting period x 100) /Equity (Equity attributable to owners of the parent + non-controlling interest), average of 1 January and end of the reporting period
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 Other alternative performance measures Comparable EBIT: Operating result after depreciation, amortization, and impairment, +/- items affecting comparability+ large, expensed cloud-computing investments Comparable EBITDA: Operating result before depreciation, amortization, and impairment, +/- items affecting comparability+ large, expensed cloud-computing investments Comparable EBITA: Operating result before amortization, impairment of intangible assets and purchase price allocation +/- items affecting comparability+ large, expensed cloud-computing investments Comparable return on capital employed, % (Comparable ROCE): (Profit / loss before taxes + amortization of purchase price allocations +/- items affecting comparability + financial expenses x 100) / (Eq- uity + interest-bearing liabilities, average of 1 January and end of the reporting period) Comparable earnings per share (Comparable EPS): Net result attributable to owners of the parent +/- (items affecting comparability+ amortization of purchase price allocations) net of tax / Average number of shares outstanding Items affecting comparability: Items affecting comparability are adjusted for non-business transactions or changes in valuation items when they arise from restructuring, acquisitions and disposals, related integration and separation costs, sale or impairment of assets. These may include staff reductions, ra- tionalization of the product range, restructuring of the production structure, and reduction of premises. Impairment losses on goodwill, gains or losses on disposals due to changes in the group structure, exceptionally large gains or losses on tangible and intangible assets, exceptional compensations for damages and legal proceedings are restated as an item affecting comparabil- ity.
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 NOTES Basis of preparation This interim report has been prepared in accordance with International Financial Reporting Standards (IFRS) IAS 34. The interim report has followed the same IFRS accounting principles as in the previous consolidated financial statements 2025. Quarterly information and interim reports are not audited. As a result of rounding differences, the figures presented in the tables may not add up to the total. 1. SEGMENT INFORMATION Orders received EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architecture 25.4 34.0 83.7 103.1 140.7 Mobility, Display & Solar 16.7 9.4 37.9 25.4 36.6 Total segments 42.2 43.4 121.6 128.5 177.4 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 Total Glaston Group 42.2 43.4 121.6 128.5 177.4 Net sales EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architecture 28.4 42.2 92.8 122.6 162.2 Mobility, Display & Solar 11.7 14.3 30.2 37.4 47.1 Total segments 40.1 56.5 123.0 160.0 209.2 Unallocated and eliminations -0.3 0.0 -0.7 -0.1 -0.4 Total Glaston Group 39.8 56.5 122.3 159.8 208.8 Comparable EBITA EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architecture 1.1 3.6 4.2 9.8 12.5 Mobility, Display & Solar 1.8 1.2 4.1 1.3 1.5 Total segments 2.9 4.8 8.3 11.0 14.0 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 Total Glaston Group 2.9 4.8 8.3 11.0 14.0 Comparable EBITA % 7.2% 8.5% 6.8% 6.9% 6.7%
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 Comparable EBITA % 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architecture 3.9% 8.6% 4.5% 8.0% 7.7% Mobility, Display & Solar 15.2% 8.2% 13.6% 3.4% 3.2% Total segments 7.2% 8.5% 6.8% 6.9% 6.7% Unallocated and eliminations 0.0% 0.0% 1.7% -0.7% -0.2% Total Glaston Group 7.2% 8.5% 6.8% 6.9% 6.7% Operating result (EBIT) EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architecture 1.8 2.6 2.9 6.3 7.8 Mobility, Display & Solar 0.1 0.4 9.3 -2.9 -3.3 Total segments 2.0 3.0 12.2 3.4 4.4 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 Total Glaston Group 2.0 3.0 12.2 3.4 4.4 Operating result % 4.9% 5.2% 10.0% 2.1% 2.1% Segment assets EUR million 30.9.2026 30.9.2025 31.12.2025 Architecture 122.5 133.8 132.1 Mobility, Display & Solar 25.3 30.9 29.0 Total segment assets 147.7 164.6 161.0 Other assets 20.6 9.3 11.3 Total assets 168.3 173.9 172.4 Segment liabilities EUR million 30.9.2026 30.9.2025 31.12.2025 Architecture 39.4 51.7 50.2 Mobility, Display & Solar 12.4 12.4 11.3 Total segment liabilities 51.8 64.1 61.5 Other liabilities 41.9 46.2 47.0 Total liabilities 93.7 110.3 108.5 Personnel at the end of the period 30.9.2026 30.9.2025 31.12.2025 Architecture 605 612 602 Mobility, Display & Solar 133 180 170 Total personnel at the end of the period 738 792 772
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 Personnel by region 30.9.2026 30.9.2025 31.12.2025 Finland 181 202 194 Germany 292 296 293 Other EMEA 51 61 55 Asia 171 186 182 Americas 43 47 48 Total personnel at the end of the period 738 792 772 ORDERS RECEIVED, ORDER BOOK, NET SALES AND OPERATING RESULT BY QUARTERS Orders received EUR million 7-9/2026 4-6/2026 1-3/2026 10-12/2025 7-9/2025 4-6/2025 1-3/2025 Architecture 25.4 27.1 31.2 37.6 34.0 31.3 37.8 Mobility, Display & Solar 16.7 11.8 9.3 11.2 9.4 6.7 9.3 Total segments 42.2 38.9 40.5 48.8 43.4 38.1 47.1 Unallocated and eliminations 0.0 - 0.0 - - - 0.0 Total Glaston Group 42.2 38.9 40.5 48.8 43.4 38.1 47.1 Order book EUR million 7-9/2026 4-6/2026 1-3/2026 10-12/2025 7-9/2025 4-6/2025 1-3/2025 Architecture 39.0 40.9 45.9 46.0 49.5 58.5 65.7 Mobility, Display & Solar 21.4 17.2 14.9 15.3 13.6 18.8 25.1 Total segments 60.4 58.2 60.8 61.3 63.1 77.4 90.8 Unallocated and eliminations - 0.0 - - - - - Total Glaston Group 60.4 58.2 60.8 61.3 63.1 77.4 90.8 Net sales EUR million 7-9/2026 4-6/2026 1-3/2026 10-12/2025 7-9/2025 4-6/2025 1-3/2025 Architecture 28.4 32.6 31.8 39.6 42.2 39.1 41.2 Mobility, Display & Solar 11.7 9.2 9.2 9.7 14.3 12.6 10.5 Total segments 40.1 41.8 41.1 49.3 56.5 51.7 51.8 Unallocated and eliminations -0.3 -0.3 -0.1 -0.3 0.0 0.0 -0.1 Total Glaston Group 39.8 41.5 40.9 49.0 56.5 51.7 51.7
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 Comparable EBITA EUR million 7-9/2026 4-6/2026 1-3/2026 10-12/2025 7-9/2025 4-6/2025 1-3/2025 Architecture 1.1 1.3 1.8 2.7 3.6 2.7 3.5 Mobility, Display & Solar 1.8 1.4 0.9 0.2 1.2 0.5 -0.4 Total segments 2.9 2.7 2.7 3.0 4.8 3.1 3.1 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Glaston Group 2.9 2.7 2.7 3.0 4.8 3.1 3.1 Comparable EBITA % 7.2% 6.6% 6.5% 6.1% 8.5% 6.1% 6.0% Comparable EBITA % 7-9/2026 4-6/2026 1-3/2026 10-12/2025 7-9/2025 4-6/2025 1-3/2025 Architecture 3.9% 4.0% 5.7% 6.9% 8.6% 6.9% 8.4% Mobility, Display & Solar 15.2% 15.7% 9.5% 2.4% 8.2% 3.7% -3.5% Total segments 7.2% 6.6% 6.5% 6.0% 8.5% 6.1% 6.0% Unallocated and eliminations 0.0% 0.0% 9.1% 0.0% 0.0% 0.0% -0.9% Total Glaston Group 7.2% 6.6% 6.5% 6.1% 8.5% 6.1% 6.0% Operating result (EBIT) EUR million 7-9/2026 4-6/2026 1-3/2026 10-12/2025 7-9/2025 4-6/2025 1-3/2025 Architecture 1.8 0.1 1.0 1.5 2.6 1.2 2.5 Mobility, Display & Solar 0.1 8.7 0.5 -0.5 0.4 -1.7 -1.5 Total segments 2.0 8.8 1.4 1.0 3.0 -0.5 1.0 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Glaston Group 2.0 8.8 1.4 1.0 3.0 -0.5 1.0 Operating result % 4.9% 21.2% 3.5% 2.0% 5.2% -1.0% 1.9% ORDERS RECEIVED, ORDER BOOK AND NET SALES BY PRODUCT AREAS Orders received by product area EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architectural Tempering and Laminating Technologies 3.9 5.3 14.1 23.0 35.6 Insulating Glass Technologies 6.0 13.8 24.9 38.4 49.8 Mobility, Display and Solar Technologies 10.5 4.1 20.1 11.4 18.2 Services 21.8 20.2 62.4 55.7 73.8 Unallocated and eliminations 0.0 0.0 0.0 0.0 0.0 Glaston Group, total 42.2 43.4 121.6 128.5 177.4 Order book by product area EUR million 30.9.2026 30.9.2025 31.12.2025 Architectural Tempering and Laminating Technologies 17.5 18.8 21.2 Insulating Glass Technologies 14.5 24.8 20.1 Mobility, Display and Solar Technologies 18.4 12.5 14.4 Services 10.0 7.0 5.6 Unallocated and eliminations - 0.0 - Glaston Group, total 60.4 63.1 61.3
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 Net sales by product area EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Architectural Tempering and Laminating Technologies 3.9 9.3 17.9 29.0 38.4 Insulating Glass Technologies 10.4 17.1 32.4 49.4 65.4 Mobility, Display and Solar Technologies 5.4 9.5 14.6 23.5 30.2 Services 21.1 21.2 60.0 60.7 81.2 Unallocated and eliminations -0.9 -0.7 -2.5 -2.8 -6.4 Glaston Group, total 39.8 56.5 122.3 159.8 208.8 NET SALES BY REGION Geographical distribution of net sales EUR million 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Americas 12.8 15.3 35.9 46.8 65.3 EMEA 17.8 25.1 59.7 72.9 93.5 APAC 9.2 16.1 26.6 40.1 50.1 Glaston Group, total 39.8 56.5 122.3 159.8 208.8 2. FINANCIAL RISK MANAGEMENT Liquidity risk Liquidity risk is managed through the effective use of advance payments in order to reduce the amount of working capital tied up in the operations. A special focus is set on working capital management and the development is monitored regularly. Short- and long-term cash planning is part of group companies’ operational activity together with the Group Treasury. As a measurement for the liquidity risk are the Group's liquid funds and unused credit facilities. Group Treasury reports the Group’s liquidity position regu- larly to the management and to the Board of Directors of Glaston Corporation. The covenants in use are net interest-bearing debt to equity (gearing ratio) and interest-bearing net debt to EBITDA (leverage). Group treasury is responsible for monitoring the covenants and reports the situation regularly to management and the Board of Di- rectors of Glaston Corporation. All covenant terms have been met. Glaston Corporation has agreed to extend its long-term financing agreement by three years in December 2025. The financing agree- ment consists of EUR 32 million long-term loans and a EUR 25 million Revolving Credit Facility. The agreement includes two one-year options for extension of the loan period. EUR million In use Unused Total Committed credit facilities 30.9.2026 0.0 25.0 25.0 Committed credit facilities 31.12.2025 5.0 20.0 25.0 Net interest bearing debt EUR million 30.9.2026 30.9.2025 31.12.2025 Loans from financial institutions 30.4 29.6 31.8 Lease liabilities 3.9 5.6 5.0 Cash 18.6 6.7 8.9 Total 15.7 28.4 28.0 Net gearing, % 21.1 44.5 43.8
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 Credit risk The Group becomes exposed to credit and counterparty risks when it grants payment time to the customers. The creditworthiness of these counterparties may decrease and affect Group’s result. Credit risk management is conducted in accordance with the Group’s Credit Man- agement Policy. The estimate made for doubtful receivables is based on a review of all trade receivables outstanding on the reporting date as well as on an assessment of the impairment of financial assets based on expected credit losses. Risk management is performed together with the business management with the objective of avoiding major credit risk concentrations and to verify, that sufficient guarantees and collaterals are received. The Group reduces its credit risk by using letters of credit and guarantees received from the customers to secure the receivables. In addition, the Group uses advance payments to reduce risk and accelerate fund inflows. At the end of September 2026, 14.8 (20.5 on 31.12.2025) percent of the Group’s trade receivables were secured by LCs and other collat- erals received. Ageing analysis of trade receivables EUR million Past due Carrying amount of trade re- ceivables after recognizing al- lowance account Not past due < 30 days 31-180 days 181- 360 days > 360 days 30.9.2026 13.1 9.1 2.0 1.6 0.4 0.1 31.12.2025 15.9 11.0 2.8 1.6 0.4 0.1 3. PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS Changes in property, plant and equipment EUR million 1-9/2026 1-9/2025 1-12/2025 Carrying amount at beginning of the period 21.5 23.1 23.1 Additions 0.1 0.8 0.9 Disposals -1.9 -0.0 -0.0 Depreciation and amortization -1.4 -1.4 -2.4 Reclassification and other changes - 0.0 0.0 Exchange differences 0.1 -0.2 -0.1 Carrying amount at end of the period 18.4 22.3 21.5 At the end of September 2026, Glaston had no contractual commitments for the acquisition of property, plant and equipment. Changes in intangible assets EUR million 1-9/2026 1-9/2025 1-12/2025 Carrying amount at beginning of the period 72.1 75.6 75.6 Additions 0.7 1.5 1.8 Disposals - -0.2 -0.2 Depreciation and amortization -3.2 -3.2 -4.3 Reclassification and other changes - - - Exchange differences 0.5 -0.9 -0.8 Carrying amount at end of the period 70.1 72.8 72.1
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 4. LEASES LEASES IN THE BALANCE SHEET EUR million Right-of-use assets 1-9/2026 1-9/2025 1-12/2025 Carrying amount at beginning of the period 4.3 6.0 6.0 Additions 0.9 0.9 1.1 Depreciation expense -1.8 -2.1 -2.8 Carrying amount at end of the period 3.4 4.8 4.3 Lease liabilities EUR million 1-9/2026 1-9/2025 1-12/2025 Carrying amount at beginning of the period 5.0 7.1 7.1 Additions 0.8 0.7 0.9 Interest expense 0.2 0.3 0.3 Rental payment -2.1 -2.5 -3.3 Carrying amount at end of the period 3.9 5.6 5.0 LEASES IN PROFIT AND LOSS STATEMENT EUR million 1-9/2026 1-9/2025 1-12/2025 Depreciation of right-of-use assets -1.8 -2.1 -2.8 .Interest expense on lease liabilities -0.2 -0.3 -0.3 Short-term lease expense -0.6 -0.4 -0.5 Total amounts recognised in profit or loss -2.5 -2.7 -3.6 5. CONTINGENT LIABILITIES EUR million 30.9.2026 30.9.2025 31.12.2025 Mortgages and pledges On own behalf 314.1 314.1 314.1 Guarantees On own behalf 3.4 4.8 4.5 On behalf of others 0.1 0.2 0.2 Mortgages and pledges include EUR 21.6 million shares in group companies. Glaston Group can be a defendant or plaintiff in a number of legal proceedings incidental to those operations. The Group does not expect the outcome of any unmentioned legal proceedings currently pending, either individually or in the aggregate, to have a mate- rial adverse effect upon the Group's consolidated financial position or results of operations.
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GLASTON CORPORATION Interim financial report 1.1.–30.9.2026 6. DERIVATIVE INSTRU- MENTS EUR million 30.9.2026 30.9.2025 31.12.2025 Nominal value Fair value Nominal value Fair value Nominal value Fair value Currency forwards Currency forward contracts 8.0 -0.2 8.7 0.4 8.6 0.2 Interest rate derivatives Interest rate derivatives 10.0 0.2 22.0 0.0 10.0 -0.0 Glaston hedges foreign currency-denominated sales and cash flows of binding orders received with currency forwards. In fulfilling the conditions of hedge accounting, cash flow hedge accounting under IFRS 9 is applied with respect to currency derivatives. In August 2024 Glaston entered into a 3-year interest rate swap with a nominal value of EUR 10 million to hedge a variable rate loan, which is subject to hedge accounting. Derivative instruments are used only for currency and interest rate hedging purposes. Nominal values of derivative instruments do not necessarily correspond with the actual cash flows between the counterparties and do not therefore give a fair view of the risk position of the Group. The fair values are based on market valuation on the date of reporting. 7. FINANCIAL INSTRUMENTS AT FAIR VALUE Financial instruments at fair value include derivatives. Other financial instruments at fair value through profit or loss can include mainly Glaston’s current investments, which are classified as held for trading i.e. which have been acquired or incurred principally for the pur- pose of selling them in the near future. Fair values of publicly traded derivatives are calculated based on quoted market rates at the end of the reporting period (fair value hierar- chy level 1). All Glaston’s derivatives are publicly traded. Financial assets measured at fair value through other comprehensive income include listed investments are measured at the market price at the end of the reporting period (fair value hierarchy level 2). Investments, for which fair values cannot be measured reliably, such as unlisted equities, are reported at cost or at cost less impairment (fair value hierarchy level 3). Fair value measurement hierarchy: Level 1 = quoted prices in active markets Level 2 = other than quoted prices included within Level 1 that are observable either directly or indirectly Level 3 = not based on observable market data During the reporting period there were no transfers between levels 1 and 2 of the fair value hierarchy. During the reporting period there were no changes in the valuation techniques of levels 2 or 3 of the fair value hierarchy. Financial instruments measured at fair value and included in level 3 of fair value hierarchy, had no effect on the profit or loss of the reporting period or on other comprehensive income. These financial instruments are not measured at fair value on recurring basis. Fair value hierarchy, fair values EUR million 30.9.2026 30.9.2025 31.12.2025 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Other shares - - 0.0 0.0 - - 0.0 0.0 - - 0.0 0.0 Currency forward contracts - 0.0 - 0.0 - 0.4 - 0.4 - 0.2 - 0.2 Interest rate derivatives - 0.2 - 0.2 - 0.1 - 0.1 - - - - Total - 0.2 0.0 0.3 - 0.5 0.0 0.5 - 0.2 0.0 0.2 Liabilities Currency forward contracts - -0.2 - -0.2 - -0.0 - -0.0 - -0.0 - -0.0 Interest rate derivatives - - - - - -0.0 - -0.0 - -0.0 - -0.0 Total - -0.2 - -0.2 - -0.1 - -0.1 - -0.0 - -0.0