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Revenue increased mainly driven by acquisitions, profitability burdened by high raw material costs JANUARY – SEPTEMBER INTERIM REPORT 2026 RESULT PRESENTATION ANTTI SALMINEN, PRESIDENT AND CEO TUOMAS MÄKIPESKA, CFO OCTOBER 23, 2026
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Important notice The following applies to this presentation, the oral presentation of the information in this presentation by Kemira Oyj (“Kemira”) or any person on behalf of Kemira, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). In accessing the Information, you agree to be bound by the following terms and conditions. This presentation includes, or may be deemed to include, forward-looking statements. These statements relate to expected future events or expected future financial performance, including, but not limited to, strategic plans, potential growth, planned operational changes, expected capital expenditure and future cash sources and requirements. These events involve known and unknown risks, uncertainties and other factors that may cause Kemira’s or its businesses’ actual results of operations, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. In some cases, such forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “aim,” “target,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negativ e of those terms or other comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Future results may vary from the results expressed in, or implied by, the forward-looking statements contained in this presentation, possibly to a material degree. All forward-looking statements made in this presentation are based on information presently available to management and Kemira assumes no obligation to update any forward-looking statements, unless obligated to do so under applicable law or regulation. This presentation does not constitute an offer to buy or subscribe Kemira’s securities. Potential investors are instructed to familiarize themselves with Kemira’s financial reports and other material available on the company’s website in order to form a comprehensive picture of Kemira and its securities. OCTOBER 23, 2026 Q3 RESULT PRESENTATION 2
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Agenda OCTOBER 23, 2026 Q3 RESULT PRESENTATION 3 Antti Salminen President and CEO Tuomas Mäkipeska CFO Q&A Q3/26 Key highlights Financial performance
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 4 Market environment remains challenging Higher inflation and interest rates Consumer confidence low, many traditional European industries facing demand challenges Weak end-market in the pulp and paper industry Capacity optimization and production curtailments continue among Nordic customers US – Canada tariffs Elevated raw material risks due to the Middle East conflict
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Q3 in brief Revenue grew Y/Y, mainly driven by acquisitions • Organic growth1 0% Operative EBITDA-% declined to 15.9% • Profitability declined in all BUs • The impact of cost inflation only partially offset by customer price increases • Fixed costs effectively managed Strategy execution continued • Two acquisitions completed during in Q3: ANMAC Water Treatment Service, Inc. and REPUR S.r.l. • The acquisition of SIDRA Wasserchemie completed at the beginning of October Balance sheet continues solid, enabling investments in long-term growth OCTOBER 23, 2026 Q3 RESULT PRESENTATION 5 1Revenue growth in local currencies, excluding acquisitions and divestments.
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Group revenue OCTOBER 23, 2026 Q3 RESULT PRESENTATION 6 Revenue grew Y/Y in Q3 2026 • Revenue growth mainly driven by M&A • Y/Y organic growth1 0% • Sales prices increased Y/Y, volumes declined • Revenue increased Y/Y in Water Solutions and in Packaging & Hygiene Solutions, but decreased in Fiber Essentials 728 724 709 693 688 664 677 693 709 0 100 200 300 400 500 600 700 800 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 -3% -2% 0%2% 1% -2% REVENUE AND ORGANIC REVENUE GROWTH 1 (Y/Y) EUR million -3% -6% -3% The graph presents the Oil & Gas divestment adjusted figures. 1Revenue growth in local currencies, excluding acquisitions and divestments.
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Group profitability Q3 Operative EBITDA-% declined Y/Y to 15.9% • Profitability weakened mainly due to cost inflation caused by the effects of the Middle East conflict, and lower volumes. • Operative EBITDA-% declined Y/Y to 19.7% in Water Solutions, 9.3% in Packaging & Hygiene Solutions and to 19.3% in Fiber Essentials. • Effective management of fixed costs • Q3 earnings per share EUR 0.21 (0.38) OCTOBER 23, 2026 Q3 RESULT PRESENTATION 7 OPERATIVE EBITDA AND OPERATIVE EBITDA -% EUR million 0 20 40 60 80 100 120 140 160 180 20.3% 147.4 Q3 2024 18.7% 135.0 Q4 2024 19.1% 135.5 Q1 2025 19.0% 131.8 Q2 2025 20.0% 137.3 Q3 2025 18.1% 119.9 Q4 2025 17.3% 117.3 Q1 2026 16.1% 111.7 Q2 2026 15.9% 112.8 Q3 2026
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Kemira’s financial targets: performance improvement measures continue OCTOBER 23, 2026 Q3 RESULT PRESENTATION 8 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 +11% 2021 +27% 2022 -2% 2023 -1% 2024 adj.* -4% 2025 -3% Q3/26 LTM 2,743 Revenue Organic growth-% 462 0 100 200 300 400 500 600 700 15.9% 2021 16.0% 2022 19.7% 2023 20.0% 2024 adj.* 19.1% 2025 16.8% Q3/26 LTMOperative EBITDA Operative EBITDA margin 4% organic growth target 0 500 1,000 1,500 2,000 2,500 11.3% 2021 16.2% 2022 21.5% 2023 20.6% 2024 adj.* 16.5% 2025 11.7% Q3/26 LTM 2,140 Capital employed 12-month rolling Operative ROCE-% Op. ROCE > 16%Op. EBITDA 18-21% ORGANIC GROWTH 1, % EUR million OPERATIVE EBITDA, % EUR million OP. RETURN ON CAPITAL EMPLOYED EUR million *Oil & Gas adjusted 1Revenue growth in local currencies, excluding acquisitions and divestments
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Significantly higher input costs partially mitigated by pricing actions • Price increases have been implemented throughout Kemira’s product portfolio. • The effectiveness of pricing actions varies between regions and products. • The expected negative FY2026 impact from higher input costs remains unchanged at EUR 100 million, of which roughly 50% is expected to be offset through pricing. • Pricing actions have been more effective in Water Solutions than in Packaging & Hygiene Solutions. • In Fiber Essentials, higher costs are mitigated by formula-based contracts, with some delay though. OCTOBER 23, 2026 Q3 RESULT PRESENTATION 9
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REVENUE Kemira's revenue is expected to be between EUR 2,600 and EUR 3,000 million in 2026 (2025 revenue: EUR 2,753.5 million). OCTOBER 23, 2026 Q3 RESULT PRESENTATION 10 OPERATIVEEBITDA Kemira's operative EBITDA is expected to be between EUR 400 and EUR 500 million in 2026 (2025 operative EBITDA: EUR 524.6 million). ASSUMPTIONS BEHIND THE OUTLOOK • The demand in Kemira's end-markets remains weak due to continued global economic uncertainty and geopolitical tensions, and raw material and logistics cost environment continues to be volatile. • The outlook assumes that the negative impact of raw material and logistics cost inflation on Kemira's full-year 2026 cost base is around EUR 100 million, of which roughly 50% will be covered by price increases. • The outlook assumes no major disruptions to Kemira’s manufacturing operations or the supply chain and the US dollar to remain steady. Outlook for 2026 reiterated
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 11 Kemira’s strategic priorities remain unchanged despite the current headwinds EXPAND IN WATER Significantly grow our water business by expanding to additional technologies and/or geographies both organically and inorganically TARGET Double the water revenue BUILD LEADING RENEWABLE SOLUTIONS PORTFOLIO Enable sustainability transformation in our existing markets and leverage our capabilities in the new circularity driven markets TARGET Over EUR 500 million revenue from renewable chemistries by 2030 UNLOCK NEW GROWTH PLATFORMS Increase penetration into selected new high-growth adjacent markets TARGET Build longer term revenue growth
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Agenda OCTOBER 23, 2026 Q3 RESULT PRESENTATION 12 Antti Salminen President and CEO Tuomas Mäkipeska CFO Q&A Q3/26 Key highlights Financial performance
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Q3 revenue and operative EBITDA bridge OCTOBER 23, 2026 Q3 RESULT PRESENTATION 13 OPERATIVE EBITDA BRIDGE EUR million REVENUE DEVELOPMENT (Y/Y) EUR million Q3/2026 688 709 Q3 2025 -14 Sales volumes 11 Sales prices 6 Currency impact 18 Acquisitions 0 Others Q3 2026 137 113 Q3 2025 -6 Sales volumes 11 Sales prices -35 Variable costs 8 Fixed costs -1 Currency impact 2 Acquisitions -3 Others Q3 2026 Revenue increased Y/Y • Revenue growth driven by acquisitions and pricing • Organic revenue growth1 0% • Y/Y sales volumes decreased, prices increased • Q/Q sales volumes and prices increased Operative EBITDA declined to EUR 112.8 million • Weaker profitability mainly driven by cost inflation and lower volumes • Fixed costs effectively managed • Operative EBITDA margin was 15.9%. 1Revenue growth in local currencies, excluding acquisitions and divestments.
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 14 SALES PRICES AND VARIABLE COSTS (CHANGE Y/Y) 14 Increased raw material costs and challenging demand environment are reflected in the sales price and variable cost development EUR million -16 -20 -10 -2 -3 4 28 32 28 25 16 28 15 -9 -31 -24 -27 16 36 59 99 64 -9 -10 -4 -19 -6 -1 -12 -21 -24 -150 -100 -50 0 50 100 150 200 250 300 Q4/16 Q4/17 Q4/18 Q4/19 Q4/20 Q4/21 Q4/22 Q4/23 Q4/24 Q4/25 Q3/26 -3 -10 11 8 23 128 68 -11 -1 -8 Sales prices Variable costs Net impact on EBITDA (sales prices-variable costs)
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Water Solutions Market environment remained unchanged • Demand stable within municipal customers, volatility continues among industrial customers • Q3 seasonally strongest quarter of the year, due to the weather impact Q3 revenue increased Y/Y, mainly driven by the positive acquisitions impact • Y/Y organic revenue growth1 -1% • Y/Y prices increased, volumes declined Op. EBITDA-% decreased Y/Y to 19.7% • The decrease mainly driven by cost inflation • Positive impact of the customer price increases started to become visible towards the end of Q3 OCTOBER 23, 2026 Q3 RESULT PRESENTATION 15 OPERATIVE EBITDA AND OPERATIVE EBITDA -% EUR million REVENUE AND ORGANIC REVENUE GROWTH 1 (Y/Y) EUR million 77 59 65 71 73 55 55 57 65 0 20 40 60 80 23.3% Q3 2024 18.9% Q4 2024 21.4% Q1 2025 22.9% Q2 2025 23.1% Q3 2025 18.5% Q4 2025 18.4% Q1 2026 17.4% Q2 2026 19.7% Q3 2026 329 311 304 309 314 295 301 326 331 0 100 200 300 400 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 -2% 1% -1%5% 6% 0% -2% -5% -2%
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Packaging & Hygiene Solutions Market environment continued challenging • Packaging and paper industry impacted by the economic uncertainty and low consumer confidence • Demand weakness particularly in Europe and APAC Q3 revenue increased Y/Y • Y/Y organic revenue growth1 +4% • Y/Y Sales prices and volumes increased Op. EBITDA-% weakened Y/Y to 9.3% • Profitability decline mainly driven by higher raw material costs: passing on inflation to customer prices is difficult in a weak market environment OCTOBER 23, 2026 Q3 RESULT PRESENTATION 16 255 264 254 240 239 237 233 240 251 0 100 200 300 400 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 OPERATIVE EBITDA AND OPERATIVE EBITDA -% EUR million REVENUE AND ORGANIC REVENUE GROWTH 1 (Y/Y) EUR million -6% 30 28 31 24 33 29 24 28 23 0 20 40 60 80 11.8% Q3 2024 10.8% Q4 2024 12.0% Q1 2025 9.9% Q2 2025 13.6% Q3 2025 12.3% Q4 2025 10.1% Q1 2026 11.6% Q2 2026 9.3% Q3 2026 0% +4%0% 0%-7% -3% -6% -4% The figures for 2024 were published as a stock exchange release on March 12, 2025. 1Revenue growth in local currencies, excluding acquisitions and divestments. Organic growth figures were not restated.
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Fiber Essentials Market environment continued weak • Q3 usually seasonally softer vs. the winter quarters • Demand in the Nordics impacted by downtimes at customer sites Q3 revenue decreased Y/Y • Organic revenue growth1 -6% • Y/Y sales volumes and prices decreased Op. EBITDA margin decreased Y/Y to 19.3% • Profitability decrease driven by cost inflation and lower volumes and prices • An additional negative impact of EUR 2m caused by the downtime at Olkiluoto nuclear power plant OCTOBER 23, 2026 Q3 RESULT PRESENTATION 17 144 149 151 145 134 132 144 127 127 0 100 200 300 400 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 OPERATIVE EBITDA AND OPERATIVE EBITDA -% EUR million REVENUE AND REVENUE GROWTH 1 (Y/Y) EUR million 0% 41 48 40 37 32 36 38 27 25 0 20 40 60 80 28.2% Q3 2024 32.2% Q4 2024 26.3% Q1 2025 25.9% Q2 2025 24.1% Q3 2025 27.4% Q4 2025 26.7% Q1 2026 21.4% Q2 2026 19.3% Q3 2026 -3%-3% -6%3% -9% -2% -12%-5% The figures for 2024 were published as a stock exchange release on March 12, 2025. 1Revenue growth in local currencies, excluding acquisitions and divestments. Organic growth figures were not restated.
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Balance sheet remains solid, enabling investments in long-term growth OCTOBER 23, 2026 Q3 RESULT PRESENTATION 18 OPERATIVE RETURN ON CAPITAL EMPLOYED • Net debt and gearing increased Y/Y , driven by acquisitions and share buybacks • Average interest rate of net debt excl. leases 2.7% (2.5%) and duration 6 (12) months * Leverage ratio = Net debt / last 12 months operative EBITDA NET DEBT, GEARING AND LEVERAGE RATIO* • Operative ROCE decreased Y/Y due to EBIT decline and acquisitions • Increase in capital employed driven by acquisitions and net working capital 310 292 216 286 292 506 505 622 649 0 100 200 300 400 500 600 700 18% Q3/24 16% Q4/24 13% Q1/25 17% Q2/25 17% Q3/25 30% Q4/25 31% Q1/26 39% Q2/26 Q3/26 40% Gearing Net debt 1.40.50.5 500 1,000 1,500 2,000 2,500 3,000 0 Q4/24 19.1% Q1/25 18.5% Q2/25 17.8% Q3/25 16.5% Q4/25 15.1% 21.6% 13.5% Q3/24 Q2/26 1,963 1,920 1,922 1,920 1,924 1,972 2,017 2,070 Q3/26 11.7% 2,140 20.6% Q1/26 Op. ROCE-% Capital employed *Oil&Gas adjusted EUR in million EUR in million
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The decrease in operating cash flow driven by lower EBITDA and the change in net working capital OCTOBER 23, 2026 Q3 RESULT PRESENTATION 19 NET WORKING CAPITAL 3% 300 248 281 304 285 282 289 316 351 0 100 200 300 400 500 600 700 10.4% Q3/24 8.5% Q4/24 9.7% Q1/25 10.7% Q2/25 10.1% Q3/25 10.2% Q4/25 10.6% Q1/26 11.6% Q2/26 12.8% Q3/26 NWC % of LTM revenue Net working capital The graph present the Oil & Gas divestment adjusted revenue. CASH FLOW FROM OPERATIONS 81 50 61 117 26 146 38 42 87 255 113 133 97 173112 165 55 64 132 127 92 59 57 453 485 442 396 416 378 415 410 335 0 100 200 300 400 500 600 700 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 LTM operating cash flow Operating cash flow EUR in millionEUR in million • Net working capital increased Y/Y to 350.9 million. • The increase mainly driven by the acquisitions and inventory valuation • Inventories increased both Y/Y and Q/Q, following raw material inflation • Cash flow from operations decreased Y/Y to EUR 57.0 million in Q3/26 • Capex excl. acquisitions was EUR 43.6 million in Q3 2026 (47.8), EUR 120.6 million in YTD26 (119.1) • Capex excl. acquisitions in 2026 is expected to be slightly higher than in 2025 (EUR 196.7 million).
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 20 Higher input costs weighed on profitability; pricing and performance improvement actions continue Demand remained weak but stable; focus on generating organic growth Solid balance sheet supports continued strategy execution Focus on safeguarding Kemira’s competitiveness in a volatile and soft market
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 21 Q&A
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 23 Appendix
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 24 Financial highlights of Q3 2026 24 EUR million (except ratios) Q3 2026 Q3 2025 Δ% 1-9 2026 1-9 2025 Δ% 2025 Revenue 708.9 687.7 3 % 2,079.3 2089.9 -1 % 2,753.5 Operative EBITDA 112.8 137.3 -18 % 341.8 404.6 -16 % 524.6 of which margin 15.9 % 20.0 % 16.4 % 19.4 % 19.1 % Operative EBIT 59.3 87.8 -32 % 182.6 256.9 -29 % 324.4 of which margin 8.4 % 12.8 % 8.8 % 12.3 % 11.8 % Net profit 34.5 61.6 -44 % 117.0 180.8 -35 % 194.1 EPS diluted. EUR 0.21 0.38 -43 % 0.73 1.10 -34 % 1.18 Cash flow from operating activities 57.0 132.2 -57 % 207.9 251.1 -17 % 378.1
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 25 Currency impact in Q3 2026 • Main currency exposure comes via translation impact • Transaction risk is limited as revenues and costs are typically in same currency due to local manufacturing. Transaction risk mostly hedged. • 10% change in Kemira’s main foreign currencies would have approximately EUR 15 million impact on operative EBITDA on an annualized basis. 45% EUR 8% Others KEMIRA REVENUE DISTRIBUTION IN 2025 KEMIRA COST DISTRIBUTION IN 202 5 2% SEK 3% CNY 5% CAD 30% USD 4% Others 5% CNY 4% CAD 3% SEK 26% USD 51% EUR 2% BRL 3% GBP 1% GBP 2% BRLCurrency exchange rates had EUR +6 million impact on revenue and EUR -1 million impact on the operative EBITDA in Q3 2026 compared to Q3 2025. 2% PLN 2% PLN 2% KRW
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 26 Key figures (reported) 26 EUR million Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 2025 2024 Revenue 708.9 693.0 677.3 663.7 687.7 2,753.5 2,948.1 Operative EBITDA 112.8 111.7 117.3 119.9 137.3 524.6 585.4 margin 15.9 % 16.1% 17.3% 18.1% 20.0% 19.1% 19.9% Operative EBIT 59.3 57.9 65.4 67.5 87.8 324.4 398.7 margin 8.4 % 8.4% 9.7% 10.2% 12.8% 11.8% 13.5% Net profit 34.5 37.0 45.5 13.4 61.6 194.1 262.7 Earnings per share, diluted, EUR 0.21 0.23 0.29 0.07 0.38 1.18 1.61 Cash flow from operations 57.0 59.2 91.7 127.2 132.2 378.2 484.5 Capex excl. acquisitions 43.6 41.4 35.6 77.6 47.8 196.7 167.3 Net debt 649 622 505 506 292 506 291 NWC ratio (rolling 12 m) 12.5 % 12.0% 11.9% 11.6% 11.2% 11.6% 11.4%* Operative ROCE (rolling 12 m) 11.7 % 13.5% 15.1% 16.5% 17.8% 16.5% 20.8% Personnel at period-end 4,828 4,871 4,867 4,911 4,766 4,911 4,698 *excl. Oil & Gas
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OCTOBER 23, 2026 27 Cash flow 27 EUR million Q3 2026 Q3 2025 1-9 2026 1-9 2025 2025 Net profit for the period 34,5 61,6 117,0 180,8 194.1 Total adjustments 73,5 73,8 218,8 213,8 305.4 Change in net working capital -31,7 18,9 -54,6 -60,3 -45.2 Finance expenses -7,0 -7,2 -33,7 -16,4 -14.8 Income taxes paid -12,3 -14,9 -39,7 -66,8 -61.3 Net cash generated from operating activities 57,0 132,2 207,9 251,1 378.2 Purchases of subsidiaries and business acquisitions, net of cash acquired -37,1 0,0 -50,3 -18,9 -144.6 Capital expenditure -43,6 -47,8 -120,6 -119,1 -196.7 Proceeds from sale of subsidiaries, businesses and assets 9,2 0,0 12,0 0,5 0.9 Change in long-term loan receivables -0,2 0,0 -0,2 48,1 48.1 Net cash used in investing activities -71,7 -47,8 -159,1 -92,9 -295.8 Q3 RESULT PRESENTATION
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 28 Water Solutions 28 KEY FINANCIALS EUR million Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 2025 2024 Revenue 330.7 326.3 300.8 295.0 313.9 1,221.5 1,256.9 Operative EBITDA 65.0 56.7 55.4 54.6 72.5 262.9 279.1 margin 19.7 % 17.4% 18.4% 18.5% 23.1% 21.5% 22.2% Operative EBIT 40.7 32.3 32.3 32.6 52.8 183.9 211.7 margin 12.3 % 9.9% 10.7% 11.0% 16.8% 15.1% 16.8% Operative ROCE*, % 15.7 % 18.2% 21.5% 25.0% 28.3% 25.0% 33.4% Capital expenditure (excl. M&A) 21.0 20.5 16.7 37.6 23.0 97.1 68.2 Cash flow after investing activities -3.3 10.8 41.5 -123.4 86.9 30.9 328.8 *12-month rolling average The graph presents the Oil & Gas divestment adjusted figures
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 29 Packaging & Hygiene Solutions 29 KEY FINANCIALS EUR million Q2 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 2025 2024 Revenue 251.2 240.1 232.9 236.8 239.4 970.2 1.058.5 Operative EBITDA 23.3 27.8 23.6 29.1 32.6 115.9 136.3 margin 9.3 % 11.6% 10.1% 12.3% 13.6% 12.0% 12.9% Operative EBIT 9.8 14.1 10.1 14.6 18.0 56.0 76.1 margin 3.9 % 5.9% 4.3% 6.2% 7.5% 5.8% 7.2% Operative ROCE*. % 9.4 % 11.0% 10.2% 10.8% 10.3% 10.8% 13.7% Capital expenditure (excl. M&A) 9.0 7.8 7.1 13.0 9.0 37.2 40.1 Cash flow after investing activities 7.5 15.4 15.9 25.4 4.7 19.7 99.0 *12-month rolling average The figures for 2024 were published as a stock exchange release on March 12, 2025.
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OCTOBER 23, 2026 Q3 RESULT PRESENTATION 30 Fiber Essentials 30 KEY FINANCIALS EUR million Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 2025 2024 Revenue 127.0 126.7 143.7 131.8 134.3 561.9 588.2 Operative EBITDA 24.6 27.2 38.3 36.2 32.3 145.7 166.7 margin 19.3 % 21.4% 26.7% 27.4% 24.1% 25.9% 28.3% Operative EBIT 8.8 11.6 23.0 20.3 17.1 84.5 107.7 margin 7.0 % 9.1% 16.0% 15.4% 12.7% 15.0% 18.3% Operative ROCE*, % 8.6 % 9.9% 11.5% 11.8% 13.4% 11.8% 14.8% Capital expenditure (excl. M&A) 13.5 13.1 11.8 26.9 15.8 62.4 59.1 Cash flow after investing activities 0.1 14.8 19.5 15.2 14.8 107.8 103.3 The figures for 2024 were published as a stock exchange release on March 12, 2025. *12-month rolling average
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FY 2025 Revenue splitby country 31 USA 24% Canada 7% Brazil 3% Other Americas 3% Finland 13%Sweden 7% Germany 4% Poland 4% UK 4% Other APAC 6% China 3% Italy 3% Netherlands 3% France 3% Spain 3% Other EMEA 8% Belgium 2% OCTOBER 23, 2026 Q3 RESULT PRESENTATION 31
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Important information about financial figures Kemira provides certain financial performance measures (alternative performance measures) that are not defined by IFRS. Kemira believes that alternative performance measures followed by capital markets and Kemira management, such as revenue growth in local currencies, excluding acquisitions and divestments (=organic growth), EBITDA, operative EBITDA, operative EBIT, cash flow after investing activities, and gearing, provide useful information about Kemira’s comparable business performance and financial position. Selected alternative performance measures are also used as performance criteria in remuneration. Kemira’s alternative performance measures should not be viewed in isolation from the equivalent IFRS measures, and alternative performance measures should be read in conjunction with the most directly comparable IFRS measures. Definitions of the alternative performance measures can be found in the definitions of the key figures in this report, as well as at www.kemira.com > Investors > Financial information. All the figures in this presentation have been individually rounded, and consequently the sum of the individual figures may deviate slightly from the total figure presented. OCTOBER 23, 2026 Q3 RESULT PRESENTATION 32