Interim report
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Confidential
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2 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Third quarter 2026: Net sales grew 27.0%, and EBITA increased despite restructuring costs July - September 2026 ▪ Net sales increased 27.0 percent to EUR 51.7 million (40.7 million). The effect of exchange rates on the comparison period’s net sales was EUR +0.3 million and at comparable exchange rates, net sales increased by 26.0 percent. ▪ ARR increased to EUR 164.1 million in the third quarter, from 30.6.2026 ARR of EUR160.4 million, an increase of 1.8 percent at comparable exchange rates. ▪ Operating profit (EBITA) was EUR 5.7 million (4.3 million) or 11.0 percent (10.5 percent) of net sales. ▪ Operating profit (EBIT) was EUR 2.6 million (2.3 million) or 5.0 percent (5.6 percent) of net sales. ▪ Earnings per share were EUR 0.04 (0.06). January -September 2026 ▪ Net sales increased 19.1 percent to EUR 165.7 million (139.2 million). The effect of exchange rates on the comparison period’s net sales was EUR -3.0 million and at comparable exchange rates, net sales increased by 21.7 percent. ▪ ARR increased to EUR 164.1 million (122.0 million), an increase of 32.1 percent from 30.9.2025 at comparable exchange rates. ▪ Operating profit (EBITA) was EUR 20.0 million (24.4 million) or 12.1 percent (17.5 percent) of net sales ▪ Operating profit (EBIT) was EUR 10.1 million (18.3 million) or 6.1 percent (13.2 percent) of net sales ▪ Earnings per share were EUR 0.15 (0.52). The figures in brackets refer to the comparison period, i.e., the corresponding period in the previous year. The percentage of change in net sales at comparable exchange rates is calculated by translating the net sales from the comparison period 2025 with the actual exchange rates of the reporting period 2026 and by comparing the reported net sales in 2026 with the calculated 2025 net sales at comparable exchange rates. Qt Group Plc has applied the guidance from ESMA (European Securities and Markets Authority) on Alternative Performance Measures and presents the following alternative performance measures in addition to its consolidated IFRS financial statements: Net sales at comparable exchange rates, EBITA and ARR. Consolidated key figures EUR 1,000 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Net sales 51,725 40,722 27.0 % 165,714 139,182 19.1 % 216,281 Operating profit (EBITA) 5,715 4,284 33.4 % 20,045 24,356 -17.7 % 51,807 EBITA, % 11.0 % 10.5 % 12.1 % 17.5 % 24.0 % Operating profit (EBIT) 2,584 2,277 13.5 % 10,140 18,334 -44.7 % 42,537 EBIT, % 5.0 % 5.6 % 6.1 % 13.2 % 19.7 % Return on equity, % 0.5 % 0.8 % 1.8 % 7.1 % 16.4 % Return on investment, % 0.7 % 1.3 % 3.0 % 8.9 % 15.5 % Interest-bearing liabilities 1 126,668 7,058 1694.6 % 126,668 7,058 1694.6 % 143,225 Cash and cash equivalents 1 50,181 93,947 -46.6 % 50,181 93,947 -46.6 % 40,124 Net gearing, % 1 35.9 % -45.5 % 35.9 % -45.5 % 49.2 % Equity ratio, % 1 53.6 % 84.5 % 53.6 % 84.5 % 50.8 % Earnings per share (EPS) 2 0.04 0.06 -28.1 % 0.15 0.52 -71.2 % 1.25 Diluted earnings per share 2 0.04 0.06 -28.0 % 0.15 0.52 -71.2 % 1.25 Personnel, on average 1,011 916 10.4 % 1,069 899 19.0 % 958 1 At the end of period. 2 Euro
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3 Qt Group Plc – Interim Statement January 1 – September 30, 2026 CEO Statement In the third quarter of 2026, net sales were EUR 51.7 million, an increase of 27.0 percent, or 26.0 percent at comparable exchange rates. The effect of exchange rates on revenue was EUR 0.3 million. The growth was largely driven by an increase in new sales of developer licenses in EMEA and revenue from the acquisition of IAR. The EBITA grew despite restructuring costs of EUR 5.3 million in the third quarter, or EUR 9.7 million for January – September. This is our estimated total severance cost to close all negotiation processes. Operating profit (EBITA) was EUR 5.7 million or 11.0 percent of net sales. The ARR on September 30, 2026, amounted to EUR 164.1 million, an increase of 32.1 percent in the last 12 months at comparable exchange rates from September 30, 2025. Customers continue to be cautious about long-term investment decisions. Despite this, our solutions remain deeply embedded in many customers' critical production and engineering processes, supporting strong customer commitment and stable renewal performance. Retention rates remain steady, particularly in EMEA and AMER, continuing to support long-term customer value creation. Market uncertainty is reflected in customer purchasing behaviour, with some customers preferring shorter contract terms due to budget constraints. In new product sales, demand remains strong across the Security, Defense, and Aerospace sectors. We also continue to see increasing demand across industries driven by evolving regulatory frameworks, cybersecurity expectations, and product security requirements, including initiatives such as the Cyber Resilience Act (CRA). Overall, new sales grew during Q3 compared to last year, with particularly strong contributions from EMEA. We increased the share of mid- sized and large customer wins, improving the overall outcome. This regulatory momentum was reflected in our own product development; during the quarter, Qt 6.12 became our first release with a signed EU Declaration of Conformity under the CRA, giving customers a CRA-assessed foundation backed by five years of Long Term Support. Integration of IAR We have now reached one year since the IAR acquisition and the integration has come far. On strategy, IAR is now fully incorporated into Qt Group’s group-wide strategy. Operationally, core group functions have been integrated, with further system harmonization work planned through the remainder of 2026 as well. Adoption of the subscription licensing model within IAR Business Unit accelerated across the business in the third quarter, with subscription representing the majority of IAR bookings. Qt World Summit 2026 On October 27 after the reporting period, Qt Group hosted the annual Qt World Summit which brings together the global Qt Group community from developers and engineers to designers and technical management. At the summit, we announced Clate, an AI-native design tool purpose-built for embedded user interfaces. As AI increases the volume of code and design work being produced, the need for tools built specifically for embedded constraints grows with it. Juha Varelius, President and CEO
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4 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Outlook for 2026 The demand for Qt’s developer license offering remains solid and is expected to continue at a stable level throughout 2026. Distribution license sales were exceptionally high in 2025 and are expected to be lower in 2026. IAR’s transition to a subscription licensing model is expected to put pressure on IAR’s net sales in 2026, as revenue that would previously have been recognized upfront is deferred over the subscription period. The operational reorganization announced in April is expected to improve operational efficiency and support long-term profitability. Guidance for 2026 Qt estimates that the full-year net sales for 2026 will increase by at least 10 percent year-on-year at comparable exchange rates, and that the operating profit margin (EBITA %) will be at least 15 percent in 2026. The percentage of change in net sales at comparable exchange rates is calculated by translating the net sales from the comparison period 2025 with the actual exchange rates of the reporting period 2026 and by comparing the reported net sales in 2026 with the calculated 2025 net sales at comparable exchange rates. Qt's role in an AI-driven development landscape Artificial intelligence is accelerating software development, increasing both the volume and complexity of code being produced across the industry. At the same time, production software continues to require maintainability, security, quality assurance, and compliance with regulatory and industry standards, requirements that AI-generated code alone does not satisfy. As output volumes grow and development cycles shorten, we believe the need for structured development frameworks, automated testing and assurance, and certified tooling is increasing rather than diminishing. As AI capabilities progress from coding assistance toward more autonomous engineering workflows, we expect the software developer’s role to shift accordingly; from direct, hands-on coding toward directing and governing AI-driven development processes. We believe Qt Group’s combination of a development framework, software quality assurance tools, and certified compilation infrastructure positions the Group to address this evolving need. The Group’s open-source licensing model is also a factor in AI readiness: because Qt’s codebase and documentation are broadly represented in the training data of major AI models, those models demonstrate stronger out-of-the-box performance on Qt-based development compared with closed-source alternatives. Qt’s frameworks and tools already support a range of AI-assisted and agentic development workflows, and the Group continues to invest in AI capabilities within its Software Quality offering. In connection with these industry trends, we expect commercial licensing models across the industry to evolve over time from predominantly per-seat pricing toward models incorporating capacity- or usage-based elements, including for testing and compliance tooling. Within the Group, the IAR business has already transitioned part of its offering from perpetual licensing to a subscription model combining capacity-based and per-seat pricing. News conference Qt Group will organize a news conference on October 29, 2026, at 3:00 – 4:00 pm EET at Studio Valla (Flik), Itämerentori 2, in Helsinki, Finland, and as a live webcast at www.qt.io/investors. CEO Juha Varelius and CFO Ann Zetterberg will be presenting the results. Analysts and investors can participate in the news conference in person or via conference call: https://events.inderes.com/qt/q3-2026/dial-in.
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5 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Financial information NET SALES Qt Group Plc’s net sales for the third quarter increased 27.0 percent and amounted to EUR 51.7 million (40.7 million). The effect of exchange rates on the comparison period’s net sales was EUR +0.3 million and at comparable exchange rates, net sales increased by 26.0 percent. For the period January - September net sales increased 19.1 percent and amounted to EUR 165.7 million (139.2 million). The effect of exchange rates on the comparison period’s net sales was EUR -3.0 million and at comparable exchange rates, net sales increased by 21.7 percent. FINANCIAL PERFORMANCE EUR 1,000 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Net sales 51,725 40,722 27.0 % 165,714 139,182 19.1 % 216,281 Other operating income 0 5 -100.0 % 36 488 -92.7 % 534 Materials and services -875 -1,161 -24.7 % -3,142 -4,067 -22.8 % -5,293 Personnel expenses -34,780 -25,125 38.4 % -106,342 -79,302 34.1 % -111,064 Depreciation, amortization and impairment (excl. Intangible assets arising from business combinations) -1,427 -927 53.9 % -4,198 -2,789 50.5 % -4,036 Other operating expenses -8,929 -9,230 -3.3 % -32,023 -29,155 9.8 % -44,614 Operating result (EBITA) 5,715 4,284 33.4 % 20,045 24,356 -17.7 % 51,807 EBITA-% 11.0 % 10.5 % 12.1 % 17.5 % 24.0 % Amortization (intangible assets arising from business combinations) -3,131 -2,008 56.0 % -9,905 -6,023 64.5 % -9,270 Operating result (EBIT) 2,584 2,277 13.5 % 10,140 18,334 -44.7 % 42,537 EBIT-% 5.0 % 5.6 % 6.1 % 13.2 % 19.7 % In the third quarter of 2026, Qt Group’s operating profit (EBITA) amounted to EUR 5.7 million (4.3 million). Costs are higher in the third quarter with EUR 5.3 million from restructuring costs. Qt Group’s operating profit (EBIT) in the third quarter of 2026 was EUR 2.6 million (2.3 million). The earnings before tax for the third quarter totaled EUR 1.4 million (2.1 million) and the net profit was EUR 1.0 million (1.4 million). Income taxes for the third quarter amounted to EUR -0.4 million (-0.7 million). Earnings per share in the third quarter amounted to EUR 0.04 (0.06). For the period January - September of 2026, Qt Group’s operating profit (EBITA) amounted to EUR 20.0 million (24.4 million). Costs are higher with EUR 9.7 million for January – September from restructuring costs. Qt Group’s operating profit (EBIT) for January – September of 2026 was EUR 10.1 million (18.3 million). The earnings before tax totaled EUR 7.0 million (16.5 million) and the net profit was EUR 3.8 million (13.1 million). Income taxes for January - September amounted to EUR -3.2 million (-3.4 million). Earnings per share for the period January - September amounted to EUR 0.15 (0.52). In the third quarter, ARR increased EUR 3.6 million or 2.3 percent to EUR 164.1 million. The effect of exchange rates on the comparison period’s ARR was EUR 0.7 million and at comparable exchange rates, ARR increased EUR 2.9 million or 1.8 percent.
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6 Qt Group Plc – Interim Statement January 1 – September 30, 2026 In the last twelve months, ARR increased EUR 42.1 million or 34.5 percent. The effect of exchange rates on the comparison period’s ARR was EUR 2.2 million and at comparable exchange rates, ARR increased EUR 39.9 million or 32.1 percent. FINANCING POSITION AND CASH FLOW In January-September 2026, cash flow from operating activities was EUR 29.5 million (32.4 million). Qt Group’s cash and cash equivalents totaled EUR 50.2 million (EUR 93.9 million) at the end of September. Qt Group’s consolidated balance sheet total at the end of September 2026 stood at EUR 437.1 million (247.5 million). Equity ratio was 53.6 percent (84.5 percent) and net gearing 35.9 percent (-45.5 percent). Interest-bearing liabilities amounted to EUR 126.7 million (7.1 million), of which short-term interest-bearing liabilities accounted for EUR 34.4 million (3.1 million). In January-September return on investment was 3.0 percent (8.9 percent) and return on equity was 1.8 percent (7.1 percent). PERSONNEL Geographical distribution of personnel: Personnel, on average 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Finland 210 294 -28.7 % 250 289 -13.4 % 289 Rest of Europe 473 333 42.0 % 484 327 47.8 % 370 APAC 203 169 20.2 % 203 164 23.7 % 175 North America 125 119 4.5 % 132 118 11.8 % 124 Total 1,011 916 10.4 % 1,069 899 19.0 % 958 Qt Group’s total number of personnel on September 30, 2026, was 1,002 (922).
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7 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Other events during the reporting period REORGANIZATION On April 20, 2026, Qt Group launched an operational reorganization to improve efficiency, respond to the changed market environment, and fully leverage synergies arising from acquisitions. The reorganization is expected to result in annual cost savings of approximately EUR 20 million. The reorganization is progressing according to plan. Risks and business uncertainties Qt Group’s risks and uncertainties are related to significant potential changes in the operating environment of both the company and its customers, as well as to Qt Group’s ability to execute its strategy. Qt Group’s solutions increase productivity in the product development process of mobile and desktop applications, and embedded devices with and without graphical user interfaces, from interface design and embedded software development to quality assurance, compliance and deployment. Qt Group operates in a highly competitive industry characterized by the rapid emergence and evolution of new technologies, including those used in safety-critical and regulated embedded segments. The emergence and widespread adoption of significant new technology could reduce demand for Qt Group’s technology. The rapid advancement of AI and its growing integration into software development workflows represent both an opportunity and a source of uncertainty. AI-assisted development tools are changing how developers write, test, and deploy software, which could affect demand for certain parts of Qt Group's product portfolio. Qt Group actively monitors these developments and integrates AI capabilities across its solutions to remain well-positioned for future market developments. Qt Group’s distribution license revenue depends on its customers’ ability and capacity to manufacture products and devices with graphical user interfaces for the market. Disruptions in customers’ global supply chains may cause delays in equipment manufacturers’ production processes and reduce production volumes, which could adversely affect net sales generated from distribution licenses. In addition to organic growth, the company also actively pursues inorganic growth through acquisitions that support its strategy. Therefore, Qt Group may be exposed to risks associated with entering new markets as a result of acquisitions. The integration of acquired products, business operations and personnel also involves various risks. Exchange rate fluctuations, particularly between the US dollar and the euro, may have a significant impact on the development of the company’s net sales. Another factor contributing to considerable fluctuation in quarterly net sales and profitability is the lengthy contract cycle in the major customer segment, where sales cycles can extend to up to 18 months. Operating environment and market outlook The company estimates the growth prospects for its business in the next few years as very promising. Qt Group expects strong demand for software design, development and quality assurance tools, especially in the automotive, consumer electronics, security, defense and aerospace, medical devices and industrial automation industries. Qt’s solutions for improving the productivity of software development and user interface design provide companies with the ability to respond to the growing requirements in the software market, driven by the exponential growth of the IoT market and the increasing speed of software development life cycles. As software becomes increasingly complex and incorporated into millions of everyday devices, the demand for quality assurance tools will grow. Qt Group expects that the quality assurance and testing automation markets will continue to grow in the future.
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8 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Growth in the sales of developer licenses for devices with graphical user interfaces will also be reflected in the growth of net sales from distribution licenses. Distribution license revenue is based on the customer’s production volume, which is why Qt Group’s net sales can vary significantly from one quarter to the next. A general economic slowdown may reduce the demand for the products of Qt’s customers and, consequently, slow the growth of Qt Group’s business. Increased geopolitical risks generally add uncertainty to global trade, which affects companies’ investment decisions and inventory management, as well as general consumer demand. A weakening of the global economic situation may also affect the solvency of the company’s customers. In Espoo, October 29, 2026 Qt Group Plc Board of Directors
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9 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Financial information for January 1– September 30, 2026 ACCOUNTING PRINCIPLES This interim report is not prepared according to the IAS 34 Interim Financial Reporting standard. Qt Group applies the provisions of the Finnish Securities Markets Act for half-yearly financial reporting and publishes interim reports in the first and third quarters of the year to present the key information of its financial development. The information presented in this interim report has not been audited. SEGMENT REPORTING Qt Group reports on one business segment. The reported segment covers the entire Group, and its figures are congruent with the consolidated figures. INFORMATION ON PRODUCTS AND SERVICES Qt Group reports its net sales by type as follows: License sales and consulting, and maintenance revenue. License sales include developer licenses and distribution licenses (runtimes). During the quarter the license sales and consulting increased by 16.0 percent, and maintenance revenue increased by 155.3 percent. The effect of exchange rates on the comparison period’s net sales was EUR +0.3 million and at comparable exchange rates, net sales increased by 26.0 percent. The distribution licenses increased by 18.2 percent in the third quarter. During January- September the license sales and consulting increased by 8.4 percent, and maintenance revenue increased by 165.4 percent. The effect of exchange rates on the comparison period’s net sales was EUR -3.0 million and at comparable exchange rates, net sales increased by 21.7 percent. EUR 1,000 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 License sales and consulting1 43,513 37,505 16.0 % 140,613 129,725 8.4 % 198,607 Maintenance revenue 8,213 3,217 155.3 % 25,101 9,457 165.4 % 17,674 Total 51,725 40,722 27.0 % 165,714 139,182 19.1 % 216,281 Of which distribution licenses 11,637 9,844 18.2 % 39,510 43,601 -9.4 % 56,811 1 Includes hardware sales from acquired IAR business NET SALES AT COMPARABLE CURRENCIES The purpose of the alternative performance measure, ‘net sales at comparable exchange rates‘, is to provide investors with information for comparison between reporting periods by illustrating the company’s operative net sales development independent of exchange rate fluctuations. The percentage of change in net sales at comparable exchange rates is calculated by translating the net sales from the comparison period 2025 with the actual exchange rates of the reporting period 2026 and by comparing the reported net sales in 2026 with the calculated 2025 net sales at comparable exchange rates.
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10 Qt Group Plc – Interim Statement January 1 – September 30, 2026 EUR 1,000 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % Net sales 51,725 40,722 27.0 % 165,714 139,182 19.1 % Effect of exchange rates 318 -2,961 Net sales at comparable exchange rates 51,725 41,040 26.0 % 165,714 136,221 21.7 % OPERATING PROFIT EBITA AND EBITA-% Operating profit (EBITA) is presented because it reflects the Group’s operational performance better than Operating profit (EBIT). Operating profit (EBITA) does not include amortization of fair value adjustments at acquisitions. EBITA, % presents Operating profit (EBITA) as a percentage share of the revenue. The table below shows a reconciliation between Operating profit (EBITA) and Operating profit (EBIT). EUR 1,000 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Operating profit (EBIT) 2,584 2,277 10,140 18,334 42,537 Amortization on fair value adjustments at acquisitions 3,131 2,008 9,905 6,023 9,270 Operating profit (EBITA) 5,715 4,284 20,045 24,356 51,807 ARR AT THE END OF PERIOD ARR represents the value of the Qt, SQS and IAR developer license base, in which the contract value of multi-year developer license deals is annualized. Excluding hardware, distribution licenses and perpetual licenses. End-of-period ARR is revalued at the end-of-period exchange rates. EUR 1,000 30/9/2026 30/9/2025 Change, % 30/6/2026 Change, % ARR 164,064 121,970 34.5 % 160,431 2.3 % Effect of exchange rates 2,180 738 ARR at comparable exchange rates 164,064 124,150 32.1 % 161,169 1.8 %
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11 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Consolidated income statement EUR 1,000 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Net sales 51,725 40,722 27.0 % 165,714 139,182 19.1 % 216,281 Other operating income - 5 -100.0 % 36 488 -92.7 % 534 Materials and services -875 -1,161 -24.7 % -3,142 -4,067 -22.8 % -5,293 Personnel expenses -34,780 -25,125 38.4 % -106,342 -79,302 34.1 % -111,064 Depreciation, amortization and impairment -4,558 -2,934 55.3 % -14,103 -8,811 60.1 % -13,307 Other operating expenses -8,929 -9,230 -3.3 % -32,023 -29,155 9.8 % -44,614 Operating result 2,584 2,277 13.5 % 10,140 18,334 -44.7 % 42,537 Financial income and expenses (net) -1,196 -201 495.7 % -3,186 -1,785 78.5 % -2,277 Profit before taxes 1,388 2,076 -33.2 % 6,954 16,549 -58.0 % 40,260 Income taxes -362 -650 -44.3 % -3,176 -3,417 -7.0 % -8,474 Net profit for the review period 1,026 1,426 -28.1 % 3,778 13,132 -71.2 % 31,786 Other comprehensive income: Items which may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations -956 -105 809.2% -890 -1,298 -31.4 % -1,283 Total comprehensive income for the review period 70 1,321 -94.7 % 2,887 11,835 -75.6 % 30,503 Distribution of net profit for the review period: Parent company shareholders 1,026 1,426 -28.1 % 3,778 13,132 -71.2 % 31,786 Distribution of comprehensive income for the review period: Parent company shareholders 70 1,321 -94.7 % 2,887 11,835 -75.6 % 30,503 Earnings per share (EPS), EUR 0.04 0.06 -28.1 % 0.15 0.52 -71.2 % 1.25 EPS adjusted for dilution, EUR 0.04 0.06 -28.0 % 0.15 0.52 -71.2 % 1.25
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12 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Consolidated statement of financial position ASSETS EUR 1,000 09/30/2026 09/30/2025 12/31/2025 Non-current assets Goodwill 166,886 44,370 166,886 Other intangible assets 114,161 33,096 125,804 Tangible assets 7,855 8,311 10,786 Long-term receivables 389 105 385 Contract assets 4,923 2,194 3,430 Deferred tax assets 3,020 1,138 3,302 Total non-current assets 297,235 89,214 310,593 Current assets Inventory 721 - 849 Trade receivables 50,480 39,512 58,449 Other receivables 28,934 18,454 25,357 Contract assets 9,513 6,349 8,974 Cash and cash equivalents 50,181 93,947 40,124 Total current assets 139,829 158,261 133,754 Total assets 437,064 247,474 444,347 SHAREHOLDERS’ EQUITY AND LIABILITIES EUR 1,000 09/30/2026 09/30/2025 12/31/2025 Shareholders’ equity Share capital 500 500 500 Unrestricted shareholders’ equity reserve 54,769 54,769 54,769 Own shares -9,960 -9,960 -9,960 Translation difference -2,010 -1,134 -1,120 Retained earnings 165,715 133,595 133,546 Net profit for the review period 3,778 13,132 31,786 Total shareholders’ equity 212,792 190,902 209,522 Liabilities Long-term interest-bearing liabilities 92,241 3,917 109,038 Deferred tax liabilities 25,571 9,610 28,725 Other long-term liabilities 4,910 5,095 5,818 Total long-term liabilities 122,722 18,621 143,581 Short-term interest-bearing liabilities 34,426 3,142 34,186 Accounts payable 2,897 2,602 4,379 Other short-term liabilities 64,227 32,207 52,679
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13 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Total short-term liabilities 101,550 37,951 91,244 Total liabilities 224,272 56,572 234,825 Total shareholders’ equity and liabilities 437,064 247,474 444,347 Consolidated cash flow statement EUR 1,000 1.1.-30.9.2026 1.1.-30.9.2025 1.1.-31.12.2025 Result before taxes 6,954 16,549 40,260 Adjustment to net profit Depreciation and amortization 14,103 8,811 13,307 Other adjustments 4,363 54 1,400 Change in working capital Change in trade and other receivables 1,735 18,669 3,669 Change in accounts payable and other liabilities 10,710 -400 -5,353 Interest paid -2,029 -236 -1,131 Other financial items -25 -40 -594 Tax paid -6,263 -11,046 -11,338 Cash flow from operations 29,548 32,361 40,218 Purchase of tangible and intangible assets -1,122 -543 -1,112 Payment for acquisition of subsidiary, net of cash acquired - - -195,349 Cash flow from investments -1,122 -543 -196,461 Changes in lease liabilities -3,411 -1,993 -2,609 Repayment of short-term borrowings -15,000 - -15,000 Proceeds from long-term borrowings - - 150,000 Cash flow from financing -18,411 -1,993 132 391 Change in cash and cash equivalents 10,015 29,824 -23,851 Cash and cash equivalents at beginning of period 40,124 64,861 64,861 Net foreign exchange difference 41 -739 -885 Cash and cash equivalents at end of period 50,181 93,947 40,124
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14 Qt Group Plc – Interim Statement January 1 – September 30, 2026 Calculation formulas for key figures Return on equity (PROFIT/LOSS BEFORE TAXES – TAXES) X 100 Shareholders’ equity + minority interest (average) Return on investment (PROFIT/LOSS BEFORE TAXES + INTEREST AND OTHER FINANCING COSTS) X 100 Balance sheet total – non-interest-bearing liabilities (average) Net Gearing INTEREST-BEARING LIABILITIES – CASH, BANK RECEIVABLES AND FINANCIAL SECURITIES X 100 Shareholders’ equity Equity ratio SHAREHOLDERS’ EQUITY + MINORITY INTEREST X 100 Balance sheet total – advance payments received