Interim report
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SITOWISE GROUP PLC Interim Report 1 January – 30 September 2026 Q3 adjusted EBITA margin 9.8%
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Sitowise Group Plc Interim Report January – September 2026 2 Contents Sitowise’s Interim Report January-September 2026: Q3 adjusted EBITA margin improved to 9.8% ....... 3 Acting CEO Jannis Mikkola: Net sales growth strengthened and profitability improved – we direct our expertise to growth segments .................................................................................................... 4 Outlook and guidance ............................................................................................................... 5 The sale of subsidiary Sitowise Sverige AB .................................................................................... 6 Strategy implementation ........................................................................................................... 6 The Group’s order book ............................................................................................................. 7 The Group’s net sales and profitability ......................................................................................... 7 Financial performance of discontinued operations .......................................................................... 9 Financial position and cashflows ................................................................................................ 99 Sitowise’s business areas .......................................................................................................100 Q3 2026 business reviews ......................................................................................................100 Personnel .............................................................................................................................133 Changes in Group Management ................................................................................................ 14 Changes in Group Structure ..................................................................................................... 14 Corporate Governance ............................................................................................................ 14 Shares and shareholders ......................................................................................................... 15 Short-term risks and uncertainties ............................................................................................ 16 Legal proceedings and disputes ................................................................................................ 17 Seasonality and sensitivities ..................................................................................................... 17 Quarterly net sales and EBITA of the Group ................................................................................ 18 Significant events after the review period ................................................................................... 18 Additional information ............................................................................................................. 19 Main financial statements .......................................................................................................200 Notes to the Interim Report ..................................................................................................... 25 The figures in the interim report are unaudited. Comparative figures for the corresponding period of the previous year are in brackets. The figures disclosed in the report are rounded so the sum of individual figures can deviate from the reported sum. This report has been published in Finnish and English. If there are any differences between the English translation and the original Finnish version, the Finnish report shall prevail.
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Sitowise Group Plc Interim Report January – September 2026 3 Sitowise’s Interim Report January-September 2026: Q3 adjusted EBITA margin improved to 9.8% Sitowise Group Plc, interim report 1 January – 30 September 2026, 5 November 2026 at 8:30 am EET Sitowise Group Plc announced on 9 June 2026 that it had signed an agreement on the sale of its Swedish subsidiary, Sitowise Sverige AB (the Swedish business area). The sale was completed on 31 July 2026. Sitowise presents Sitowise Sverige AB as a discontinued operation starting from the interim report for the second quarter of 2026. The financial information presented in this report relates to continuing operations unless otherwise stated. Comparative figures have been adjusted accordingly, except for the balance sheet, which has not been restated in accordance with IFRS 5. July–September 2026 in brief • Net sales increased by 5.3% to EUR 37.6 (35.7) million. • Adjusted organic net sales growth was 5.3% (-1.8%). • Adjusted EBITA was EUR 3.7 (3.2) million, or 9.8% (8.9%) of net sales. • Operating result increased to EUR 2.5 (2.2) million, or 6.6% (6.1%) of net sales. • Cash flow from operating activities before financial items and taxes was -0.3 (-2.9) million euros.2 • Utilization rate totaled 74.3% (74.3%). January–September 2026 in brief • Net sales increased by 2.1% to EUR 122.0 (119.4) million. • Adjusted organic net sales growth was 2.1% (-0.2%). • Adjusted EBITA was EUR 9.4 (9.6) million, or 7.7% (8,1%) of net sales. • Operating result decreased to EUR 4.5 (5.2) million, or 3.7% (4.4%) of net sales. • Cash flow from operating activities before financial items and taxes was 2.8 (4.7) million euros.2 • Utilization rate improved to 73.9% (73.6%). • Order book increased by 0.7% to 140 (139) million euros. • Leverage (net debt / EBITDA, adjusted) was 4.1x (5.4x).1 • Sitowise announced on 9 June 2026 that it had signed an agreement on the sale of its subsidiary, Sitowise Sverige AB (the Sweden business area). The sale was completed on 31 July 2026. Key figures EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 FINANCIAL Net sales 37.6 35.7 5.3% 122.0 119.4 2.1% 162.3 Adjusted organic growth, % 5.3% -1.8% 2.1% -0.2% 0.5% EBITA, adjusted 3.7 3.2 15.1% 9.4 9.6 -2.5% 12.4 % of net sales 9.8% 8.9% 7.7% 8.1% 7.7% EBITA 3.3 3.1 8.6% 7.1 8.0 -11.3% 10.4 Operating profit 2.5 2.2 14.9% 4.5 5.2 -14.8% 6.8 % of net sales 6.6% 6.1% 3.7% 4.4% 4.2% Result for the period 0.9 0.7 33.6% 0.0 0.8 -95.3% 1.1 Cash flow from operating activities before financial items and taxes 2 -0.3 -2.9 88.3% 2.8 4.7 -41.0% 18.8 Net debt 1 70.9 86.9 -18.4% 72.6 Net debt / EBITDA, adjusted 1 4.1x 5.4x 4.3x Equity ratio, % 1 35.2% 44.6% 33.4% Earnings per share (EPS), EUR 0.02 0.02 38.7% 0.00 0.02 -95.1% 0.03
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Sitowise Group Plc Interim Report January – September 2026 4 OPERATIONAL Number of full-time equivalent employees 1,516 1,488 1.9% 1,498 1,505 -0.5% 1,494 Utilization rate 74.3% 74.3% 73.9% 73.6% 73.8% Number of working days 66 66 188 188 251 Order book at the end of period 140 139 0.7% 140 139 0.7% 141 1 The comparative period figure includes both continuing and discontinued operations. 2 The figures for the reporting and comparative periods include both continuing and discontinued operations. Acting CEO Jannis Mikkola: Net sales growth strengthened and profitability improved – we direct our expertise to growth segments Our net sales growth strengthened in the third quarter, and profitability improved year-on-year. I am pleased with the direction of our performance and would like to thank all our employees for the progress we have made. Infra’s net sales improved by 8.2%, with profitability clearly above our medium-term target level. Growth was supported by previously secured tramway projects, as well as transport infrastructure and green transition projects. However, weak demand for regional infrastructure planning kept Infra’s utilization rate at a moderate level. Buildings revenue increased by 7.6% supported by data center projects in particular. More balanced project portfolio and clearly higher utilization rate supported the year-on-year improvement in profitability. Measures to strengthen project profitability continued during the quarter, and this will remain a key focus going forward. Digital Solutions’ net sales declined by 3.4% as demand remained weak. Annual recurring revenue grew by 2.3% year-on-year. Profitability was supported by a seasonally higher share of SaaS revenue, together with the adjustment measures and operating model improvements implemented in the previous quarter. Group net sales increased by 5.3% to EUR 37.6 million in July–September. Adjusted EBITA rose to EUR 3.7 million, and the adjusted EBITA margin increased to 9.8%. Cash flow from operating activities before financial items and taxes improved year-on-year but remained negative at EUR -0.3 million. The order book totaled EUR 140.0 million at the end of September. After the reporting period, we celebrated Sitowise’s 50th anniversary in October. I believe Sitowise is well positioned for continued success. Strengthening profitability, increasing the share of our growth focus areas in net sales, and improving project and resource management will remain our key priorities in the coming months. The development in the third quarter provides a solid foundation for this work. We are increasingly directing our expertise towards growing customer segments. In technical consulting, in Infra and Buildings, we are targeting growth particularly from investments in critical AI infrastructure, including data centers, energy and electricity grids, as well as investments related to the industrial green transition and security. We are focusing our expertise on these markets while the broader construction recovery and municipal demand remain subdued. The market environment for Digital Solutions is undergoing significant transformation, driven by weak demand, AI and agentic software development, which are reshaping the market and customer needs. We are responding to technological change across all our business areas by strengthening the use of AI in product development and project work, as well as by further developing our products and customer relationships. Combining technical consulting with digital expertise provides us with opportunities to develop multidisciplinary solutions for our customers.
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Sitowise Group Plc Interim Report January – September 2026 5 Outlook and guidance Outlook Strong megatrends, such as urbanization, the renovation backlog, sustainability, digitalization and security, support the long-term growth in demand for design services, consulting and digital solutions for sustainable societies. In the short and medium term, new growth opportunities for Sitowise’s multidisciplinary expertise are arising particularly from data center, energy and power grid investments related to critical AI infrastructure, investments related to the green transition in industry, investments in security, and the development of AI-based digital solutions. The market environment for technical consulting is expected to remain mixed towards the end of 2026 and in 2027. The growth drivers described above support particularly the development of the Infra business area. At the same time, the completion of several major public-sector alliance projects, the limited number of new large-scale municipal projects and the slow recovery of new construction are limiting demand for traditional infrastructure design, especially regarding urban and regional planning. In the Buildings business area, the data center market is expected to create new growth. However, demand for residential construction is expected to remain at a historically low level in 2027, continuing to limit the recovery in new construction. A moderate recovery in renovation construction is expected to generate slight growth in 2026–2027. Following the divestment of the Sweden business area, Sitowise will continue to operate in Sweden through the Digital Solutions business area. The market environment for Digital solutions in Finland and Sweden is expected to remain challenging. Public-sector budget pressures are limiting demand, while a recovery in the private sector depends on an improvement in the overall economic environment. AI and automation are changing ways of working in technical consulting and particularly in the Digital solutions’ sector, requiring further development of competencies, data management and operating models. Especially in Digital Solutions, the advancement of AI and agentic software development is changing the market for software development services and customer needs. Uncertainty related to the economic and geopolitical environment and the implementation of investments remains. An escalation of geopolitical tensions could slow economic growth and the recovery of construction in Sitowise’s home markets. At the same time, investments related to energy, security and security of supply may create new opportunities. At the end of September, Infra’s order book was at a good level, supporting profitable growth in the short term. The Buildings order book was stronger than in the comparison period when taking into account the EUR 6.9 million of old suspended projects removed from the order book during the first quarter. The Digital Solutions order book declined from its previous high levels to a level closer to normal. In addition to market developments, the company’s financial performance in full year 2026 is estimated to be affected by cost inflation including wage inflation, financing costs and items affecting comparability. The items affecting comparability are expected to more than double from the 2025 level. Finland has one more working day in 2026 than in 2025, with the difference falling in the fourth quarter. In 2027 the number of working days is one higher than in 2026. Market outlook and current profitability Share of net sales Market outlook Current profitability Infra 46% Stable Above target Buildings 32% Weak (improving) Clearly below target Digital Solutions 22% Weak Above target Period: Q3 2026 Next 12 months Q3 2026 Definitions: % of consolidated net sales Strong / Stable / Weak Adj. EBITA-%: Above: >12%; In line: 10-12%; Below: 5-10%; Clearly below: 0-5%; Negative <0%
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Sitowise Group Plc Interim Report January – September 2026 6 No guidance issued for 2026 Sitowise has decided not to give net sales and profitability guidance for 2026. The sale of subsidiary Sitowise Sverige AB On 9 June 2026 Sitowise Group Oyj announced it had signed an agreement to sell the entire shareholding of its Swedish subsidiary Sitowise Sverige AB (the Sweden business area) to Sweco. The divestment allows Sitowise to focus on the highest impact for solid growth and strengthened profitability. The sale was completed on 31 July 2026. As described in Notes to the interim report the Sweden business area has been presented as discontinued operations. Sitowise Sverige AB had an enterprise value (EV) of approximately EUR 3.0 million in the transaction. The parties have agreed on an earn-out of up to approximately EUR 2.0 million related to long-term lease liabilities, which will be recognized in profit or loss in 2027–2029 if realized. In the third quarter of 2026, Sitowise recognized a loss on the remaining book value of its Sitowise Sverige AB shares in the Group parent company. Strategy implementation Sitowise’s strategy targets continued sustainable profitable growth and value creation for Sitowise’s clients, other stakeholders, and society. In March 2026, Sitowise published revised company purpose and vision, new mid-term strategic focus areas, and updated financial targets for the mid-term. Mid-term refers roughly to next 24 to 36 months, depending also on changes in the market environment and the timing of the underlying construction market recovery. The updated purpose “Engineering the foundations of Nordic resilience” emphasizes Sitowise’s core engineering and digital expertise and the impact the company creates by strengthening the resilience of societies, infrastructure, natural assets and critical systems. The updated vision, to be the #1 preferred technical consulting and digital partner, underlines the ambition to build the company’s long-term success on strong customer relationships, high-quality engineering and digital capabilities, and the ability to attract, develop, and retain top talent. The strategic focus areas are Empower people, Grow with customers, Scale digital and Work smart. Empower people aims to differentiate Sitowise as a leading employer in the industry by investing in employee development opportunities, a strong culture and leadership. Grow with customers focuses on achieving growth above the market by concentrating on high-growth customer segments, such as data centers, energy, industry and security, as well as sustainability services. Scale digital focuses on increasing revenue from digital products and promoting international growth. The related measures are described in more detail in connection with the Digital Solutions business area. Work smart focuses on simplifying ways of working, improving project profitability, developing new business models, and increasing efficiency through automation and artificial intelligence. In strategy execution, the priorities for 2026 are improving profitability, strengthening future competitiveness and responding to technological transformation. During the third quarter, key strategic initiatives focused on introducing new practices and applications to support project management and expanding the use of AI. This was advanced by continuing AI training and using AI agents in expert work. During the reporting period, Sitowise also published its new sustainability program extending to 2030, strengthening the role of sustainability and resilience in customer work. One of Sitowise’s strategic principles is to be the most sustainable partner for our customers. The new sustainability program is built around two focus areas: Creating customer value through sustainability and An evolving work
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Sitowise Group Plc Interim Report January – September 2026 7 community. The program is aligned with Sitowise’s science-based climate targets (SBTs), published in 2025. Mid-term financial targets Sitowise’s updated mid-term financial targets are the following: • Growth: Adjusted organic annual net sales growth (%) ahead of market growth • Profitability: Adjusted EBITA margin above 10% • Leverage: Net debt / adjusted EBITDA (12-month rolling) multiple below 3x Sitowise aims to distribute 30–50% of net profit as dividends, taking into account acquisitions, financial position, cash flow, and future growth opportunities. The Group’s order book Order intake in July-September In July–September the Group’s order intake was down by 36.5% quarter-on-quarter and 10.8% year-on- year and totaled 32.3 (36.2) million euros. Orders received increased year-on-year in both Infra and Buildings business areas. In Digital Solutions, the weak market environment was reflected in a significantly lower volume of orders received than in the comparison period. Order book at the end of the review period The Group’s order book decreased by 3.6% quarter-on-quarter. Year-on-year, the Group’s order book was up by 0.7% and totaled EUR 140.0 (139.0) million at the end of September. The comparison period order book includes old, suspended projects amounting to EUR 6.9 million that were removed from the order book during the first quarter. At the end of the period, the value of suspended projects included in the order book was EUR 5.0 (12.2) million. Most of the suspended projects were related to the Buildings business area. The Group’s net sales and profitability Net sales EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Infra 17.4 16.1 8.2% 56.4 53.0 6.6% 73.2 Buildings 12.1 11.3 7.6% 39.1 39.5 -1.0% 52.8 Digital Solutions 8.0 8.3 -3.4% 26.4 27.0 -2.0% 36.3 Total 37.6 35.7 5.3% 122.0 119.4 2.1% 162.3 Adjusted organic growth Adjusted organic Growth % 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Infra 8.2% 3.2% 6.5% 5.2% 6.8% Buildings 7.6% -7.8% -0.7% -8.7% -7.5% Digi -3.2% -1.7% -1.8% 4.0% 1.5% Total 5.3% -1.8% 2.1% -0.2% 0.5% Adjusted organic growth in net sales is calculated by excluding acquisitions and divestments adjusted by the number of working days and exchange rate impact.
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Sitowise Group Plc Interim Report January – September 2026 8 Net sales July–September The Group's net sales increased by 5.3 percent year-on-year and totaled 37.6 (35.7) million euros. Adjusted organic growth was 5.3 (-1.8) percent. Net sales increase was supported by strong growth in the Infra and Buildings business areas. Net sales from Digital Solutions business areas decreased from the comparison period, driven by the weak market environment. The utilization rate remained stable year-on-year. At the same time, intense price competition continued to slow net sales growth. In the third quarter, the number of working days was the same in the comparison period. Net sales January–September The Group's net sales increased by 2.1 percent year-on-year and totaled 122.0 (119.4) million euros. Adjusted organic growth was 2.1 (-0.2) percent. Net sales increase was supported by strong growth in the Infra business area, while net sales in Buildings and Digital Solutions declined from the comparison period. The utilization rate improved slightly from the comparison period, while intense price competition slowed net sales growth. The number of working days was the same as in the comparison period. Profitability EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 EBITA, adjusted 3.7 3.2 15.1% 9.4 9.6 -2.5% 12.4 % of net sales 9.8% 8.9% 7.7% 8.1% 7.7% EBITA 3.3 3.1 8.6% 7.1 8.0 -11.3% 10.4 Operating profit 2.5 2.2 14.9% 4.5 5.2 -14.8% 6.8 Result for the period 0.9 0.7 33.6% 0.0 0.8 -95.3% 1.1 Earnings per share (EPS), EUR 0.02 0.02 38.7% 0.00 0.02 -95.1% 0.03 Profitability July–September Adjusted EBITA increased to 3.7 (3.2) million euros and similarly the adjusted EBITA margin increased to 9.8 percent (8.9 percent). Items affecting comparability totaled EUR 0.3 (0.1) million and were mainly related to advisory costs. EBITA increased to 3.3 (3.1) million euros. Operating profit totaled 2.5 (2.2) million euros following mainly the EBITA development. The result for the period was 0.9 (0.7) million euros. Financial expenses remained at the level of the comparison period. Profitability January–September Adjusted EBITA decreased by 2.5 percent to 9.4 (9.6) million euros and the adjusted EBITA margin was 7.7 percent (8.1 percent). The items affecting comparability increased to 2.3 (1.7) million euros and was mainly due to the divestment of the Swedish operations, advisory costs and restructuring in Digital solutions business. EBITA totaled 7.1 (8.0) million euros. Operating profit totaled 4.5 (5.2) million euros following mainly the decrease in EBITA and increase in the items affecting comparability. The result for the period was 0.0 (0.8) million euros. Financial expenses increased from the level of the comparison period.
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Sitowise Group Plc Interim Report January – September 2026 9 Financial performance of discontinued operations On 9 June 2026 Sitowise Group Oyj announced it had signed an agreement to sell the entire shareholding of its Swedish subsidiary Sitowise Sverige AB (the Sweden business area) to Sweco. The sale was completed on 31 July 2026. Starting from the second quarter of 2026 the Sweden business area has been reported as discontinued operations in accordance with IFRS 5. Loss from discontinued operations for the January-September period amounted to -5.7 (-3.3) million euros. The reclassification of cumulative foreign exchange losses from other comprehensive income as part of the net result of the sale of Sitowise Sverige AB totaled to EUR 2.8 million. The parties have also agreed on an earn-out of up to approximately EUR 2.0 million related to long-term lease liabilities, which will be recognized in profit or loss in 2027–2029 if realized. More details are available on note Discontinued operations. Financial position and cashflows EUR million 30 Sep 2026 30 Sep 2025 Change, % 31 Dec 2025 Cash and cash equivalents 17.1 9.5 80.6% 22.6 Interest bearing debt, total * 88.0 96.3 -8.6% 95.2 Interest bearing debt, current 5.7 8.7 -34.1% 8.5 Interest bearing debt, non-current 82.3 87.6 -6.1% 86.7 Equity ratio, % 35.2% 44.6% -21.0% 33.4% Net debt 70.9 86.9 -18.4% 72.6 Net debt / EBITDA, adjusted 4.1x 5.4x 4.3x Gearing, % 96.6% 75.6% 94.4% * Incl. IFRS16 lease liabilities Comparison periods balance sheet figures have not been restated with Sweden business area divestment. Equity attributable to owners of the parent company totaled EUR 73.5 (114.8) million at the end of September. The year-on-year decline in equity was related to goodwill impairment that was implemented in the fourth-quarter 2025 and which related to Sitowise’s Sweden business area. Sitowise's liquidity remained at a good level in the third quarter. The improvement in the net debt/EBITDA ratio compared to the reference period was driven by the divestment of the Sweden business area, as well as lower net debt and higher EBITDA. Net debt decreased due to both a reduction in debt and an increase in cash and cash equivalent. Net debt includes IFRS16 lease liabilities. The gearing ratio increased mainly due to a decrease in equity and totaled 96.6% (75.6%) at the end of September. The comparative period figures have not been adjusted to exclude the disposed subsidiary and are therefore not directly comparable with the figures for the reporting period. In the first quarter, Sitowise Group Plc signed an 89 million euros secured financing agreement with its two relationship banks. The agreement includes 36 million euros term loan facility, 33 million euros acquisition loan facility and 20 million euros revolving credit facility. The agreement is valid until June 2028 and replaced the EUR 90 million financing agreement maturing in June 2027. The collateral includes corporate pledges totaling EUR 117 million, subsidiary shares, and intragroup receivables. The company monitors compliance with loan covenant requirements on a regular basis. Cash flow from operating activities before financial items and taxes was -0.3 (-2.9) million euros in July– September and 2.8 (4.7) million euros in January–September, and it was primarily impacted by changes in working capital. Cash flow from investing activities was 2.3 (-0.3) million euros in July–September and 1.3 (-2.0) million euros in January–September. Cash flows for the reporting period include the disposal of the Swedish operations, net of cash and cash equivalents disposed of at the date of disposal. Cash flow from investing activities in the cumulative comparative period includes acquisitions of subsidiaries, net of cash and cash equivalents acquired at the time of acquisition. Cash flow from financing activities was -1.1
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Sitowise Group Plc Interim Report January – September 2026 10 (-1.7) million euros in July–September and -4.8 (-5.7) million euros in January–September, consisting of lease liability payments and repayment of short-term loans. The Group’s balance sheet total at the end of September was 208.6 (257.7) million euros. Goodwill on the balance sheet totaled 120.5 (160.2) million euros. Sitowise’s business areas The services of the Infrastructure business area (Infra) cover a wide range of urban development needs in diverse areas: infrastructure, transport and mobility, urban development, environment and water, as well as infrastructure project management. Urbanization supports the investment needs of municipalities and cities, and the business area’s most significant client segment is the public sector, which accounts for approximately 70 percent of net sales. In the private sector, key clients include construction companies and industrial and energy sector companies. The Buildings business area offers building design, specialist services, and consulting services for residential and commercial properties, as well as for the needs of the public buildings, healthcare sector, data centers, energy, and industry, for example. Sitowise acts as a partner in both new construction and renovation projects as well as in lifecycle maintenance of the buildings. The business area has distinctive design expertise in areas such as structural engineering, building services engineering (HVAC and electric), acoustics design, and fire safety planning as well as construction management services. The Digital Solutions business area (Digi) focuses on smart geospatial solutions for the built environment, mobility, and forest and natural resources sector, as well as consulting services that support these fields. These services cover client-driven information system development, proprietary product solutions, analytics, information management and visualization, and consulting services. The business area also includes digital solutions for infrastructure maintenance planning, reporting, and support for municipalities in Sweden (Sitowise Digital Solutions AB, previously Infracontrol). Q3 2026 business reviews The number of working days was the same as in the comparison period in 2025. Infra EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Number of full-time employees 665 616 8.0% 644 615 4.7% 615 Net Sales, EUR million 17.4 16.1 8.2% 56.4 53.0 6.6% 73.2 Adjusted organic growth, %* 8.2% 3.2% 6.5% 5.2% 6.8% *Adjusted organic growth in net sales is calculated by excluding acquisitions and divestments adjusted by the number of working days and exchange rate impact. Net sales in the Infra business area increased by 8.2 percent year-on-year and amounted to EUR 17.4 (16.1) million. Infra accounted for approximately 46 (45) percent of the Group’s consolidated net sales. Overall, the third quarter was strong in Infra, and the business area’s profitability remained clearly above Sitowise’s medium-term target level. Infra’s net sales growth was broad-based across its different business lines and was supported particularly by tramway projects won in previous years, as well as transport infrastructure and green transition projects won in 2026. New growth was sought particularly from private-sector data center, energy and industrial projects, as well as environmental and sustainability services. Expertise was strengthened through recruitment in areas including industrial pre-engineering and electrical engineering, while growing demand for environmental assessments related to data centers was addressed by directing environmental expertise from the energy sector to data center projects. The number of employees increased across all Infra sectors except street design. Infra’s utilization rate was at a moderate level.
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Sitowise Group Plc Interim Report January – September 2026 11 Infra’s market environment continued to be mixed in the third quarter. The public-sector deficit and economic uncertainty continued to intensify price competition in the public sector, while the stagnation in residential construction slowed urban development and demand for regional development projects. Overall, demand from municipalities remained at a moderate level. The level of central government investment remained stable. During the reporting period, Sitowise maintained a strong position in large alliance projects and long- term infrastructure planning assignments, particularly in the development of urban rail transport and nationally significant rail connections. Investments in the data center market were reflected in a diverse range of assignments covering a broad range of Infra services. One of the most significant new orders was the detailed engineering design for the renovation of Siuntio railway station, tendered by the Finnish Transport Infrastructure Agency. Other assignments for the Finnish Transport Infrastructure Agency included the environmental impact assessment and technical railway design for additional tracks between Tampere and Nokia, as well as the railway plan for the Tampere (Lielahti)–Nokia section. Orders received were also supported by engagements under public-sector framework agreements, green transition investments and public-sector security projects. Infra’s order book increased and was at a good level at the end of September. Sitowise expects the infrastructure consulting market to remain mixed over the next 12 months. Traditional infrastructure business is post-cyclical by nature, which is currently reflected in the low level of planning activity for new residential areas and generally subdued investment levels in the municipal sector. Due to the public-sector deficit, public-sector investment budgets are expected to remain moderate, while private-sector demand for services related to energy, security of supply, the green transition and security is expected to remain at a good level. In the medium term, the completion of several ongoing large public-sector alliance projects, the limited number of new large-scale municipal projects and the slow recovery in new construction are expected to dampen demand particularly for traditional infrastructure design related to regional planning. At the same time, demand related to new data center projects, energy and the electrification of society arising around critical AI infrastructure, as well as demand for design services related to the green transition and security in industry, is expected to grow strongly. In this changing environment, a key objective for Sitowise’s Infra business is to increasingly direct its expertise and operations towards growing customer segments and leverage the opportunities offered by new technologies and AI. In the short term, Infra’s profitable growth is supported particularly by its strong order book, while in the medium term, growth potential is supported by its strong market position, broad expertise in multidisciplinary projects, and ability to combine the expertise of Infra and Sitowise’s Digital Solutions into new services and business opportunities. Buildings EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Number of full-time employees 515 523 -1.5% 511 539 -5.1% 529 Net Sales, EUR million 12.1 11.3 7.6% 39.1 39.5 -1.0% 52.8 Adjusted organic growth, %* 7.6% -7.8% -0.7% -8.7% -7.5% *Adjusted organic growth in net sales is calculated by excluding acquisitions and divestments adjusted by the number of working days and exchange rate impact. Net sales from the Buildings business area increased by 7.6 percent from the comparison period to 12.1 (11.3) million euros, corresponding to approximately 32 (32) percent of the Group’s consolidated net sales. Growth was supported especially by previously won data center projects which contributed to high workloads during the review period. The market environment for the Buildings business area remained highly polarized, with significant variation in demand across customer segments. The data center market remained strong, while the residential construction market continued to be very weak. The renovation construction market was more stable and offered moderate growth opportunities. Sitowise continued targeted temporary layoffs. The exceptionally challenging construction market in recent years has affected the Buildings business area through, among other things, project suspensions, intense price competition and resource allocation
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Sitowise Group Plc Interim Report January – September 2026 12 challenges. During the reporting period, Sitowise continued its efforts to identify potential project risks related to pricing and discontinuities at an early stage. A more balanced project portfolio and a clearly improved utilization rate, particularly in structural engineering and building systems design, supported the improvement in profitability compared with the comparison period, alongside net sales growth. In addition to data center projects, new projects won during the reporting period included the structural and fire safety design of the new swimming hall in Kemi, the project and implementation planning of the new swimming hall in Varkaus, and the structural and building systems design of Metsä Spring’s new Muoto One production line. At the end of September, Buildings’ active order book was higher than in the comparison period. According to the economic outlook published by the Confederation of Finnish Construction Industries RT in October 2026, the construction market is expected to improve gradually in 2026 and 2027, although the recovery will be uneven. Residential construction is expected to remain historically weak, limiting demand for technical consulting in projects linked to new construction. Growth in non-residential and infrastructure construction is supported particularly by increasing data center investments and related energy and power grid construction. Investments related to industry, security and security of supply also support demand. Renovation construction has returned to slow growth, although access to financing continues to constrain the market. Overall, uncertainty remains around RT’s market outlook due to the implementation of investments and the economic and geopolitical environment. The strengths of the Buildings business area include comprehensive multidisciplinary expertise and a broad service offering together with the Infra and Digital Solutions business areas. In the polarized market, activities are increasingly being directed towards selected growth segments, as well as renovation construction and specialized services. The key objectives remain the continuous improvement of profitability and the use of technology and AI to enhance project work and operational efficiency. To optimize workload and resources, Sitowise will continue temporary layoffs as needed. At the same time, the company is making targeted recruitments to strengthen its expertise in strategic growth areas. The medium- and long-term market outlook for the Buildings business area is supported by growing demand related to critical AI infrastructure, the increasing renovation backlog of Finland’s building stock, and increasing sustainability and information management requirements arising from regulation. Digital Solutions EUR million 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Number of full-time employees 274 286 -4.1% 279 288 -2.9% 287 Net Sales, EUR million 8.0 8.3 -3.4% 26.4 27.0 -2.0% 36.3 Adjusted organic growth, %* -3.2% -1.7% -1.8% 4.0% 1.5% *Adjusted organic growth in net sales is calculated by excluding acquisitions and divestments adjusted by the number of working days and exchange rate impact. Net sales from the Digital Solutions business area declined by 3.4 percent from the comparison period and totaled EUR 8.0 (8.3) million, accounting for approximately 22 (23) percent of the Group’s net sales. Annual Recurring Revenue (ARR) increased by 2.3 percent year-on-year, and SaaS products represented approximately one third of Digi’s net sales. The decline in net sales was due to the continued challenging market environment. Demand for IT services remained weak, and market uncertainty continued. Net sales development was particularly affected by lower project volumes and slower growth in recurring revenue. Public-sector budget pressures and the prioritization of investments kept the number of tenders low and price competition in software development projects intense. Cost pressures also continued among private-sector customers. At the same time, the rapid development of AI-assisted software development is changing the market for software development services and customer needs.
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Sitowise Group Plc Interim Report January – September 2026 13 Digital Solutions’ strong profitability was supported by the higher relative share of the SaaS business for the holiday season, the personnel reductions implemented in the previous quarter and the development of operating models, which improved utilization and consulting rates and reduced costs. As in previous quarters, SaaS growth was slowed by postponed investment decisions by municipalities and sales cycles that remained long. Growth also reflected the profile of the product portfolio: products in the growth phase continued to achieve mainly good growth, while market saturation, particularly for Foresta, the largest product, slowed ARR growth. At the same time, Foresta’s strong market position supports broader customer development and sales of other products. During the reporting period, Sitowise continued to develop its digital products, cross-selling and customer relationships in Finland and Sweden. The expansion of Foresta into Sweden progressed as planned, and the piloting of Routa continued. Infracontrol Online continued to grow in Sweden, and its customer base expanded from the public to the private sector. In product development, the focus was on new functionalities supporting the growth and customer retention of Foresta and Routa, while the development of Louhi focused on transforming the product into a cloud-based solution. The use of AI in product development was advanced, among other things, by expanding agentic software development within product teams. Orders received by Digital Solutions remained modest in the challenging market environment, and the order book returned from its previous high levels to a level closer to normal. During the reporting period, Sitowise was confirmed as a supplier in an extensive 4-year framework agreement for IT expert services covering the administrative branch of the Ministry of Agriculture and Forestry. The market environment for Digital Solutions is expected to remain subdued for the remainder of 2026, and the challenging demand environment in the project and consulting business is expected to continue in 2027. The expiry of long-term IT consulting agreements may increase pressure on the business if market demand does not recover. In the public sector, demand continues to be constrained by budget pressures, while a recovery in the private sector depends on an improvement in the overall economic environment. In addition, advances in agentic software development are increasingly transforming the market for software development services. In the challenging operating environment, Digital Solutions is focused on maintaining strong profitability and market position while creating conditions for growth. In the project and consulting business, new opportunities are sought particularly in the energy and industrial sectors, while in the product business, growth is sought through expanding customer relationships, cross-selling and internationalization. Technology and AI are leveraged to improve operational efficiency and to create new business. In the medium term, growth opportunities are supported by the scalability of the product business and by combining Sitowise’s IT, geospatial, built environment and forest sector expertise to develop new digital solutions. Personnel The average number of employees and the number of employees at the end of the reporting period decreased from the comparison period. The decrease was mainly attributable to personnel adjustment measures implemented after the comparison period in the Digital Solutions and Buildings business areas and in Group functions. In addition, not all fixed-term contracts were renewed, and not all employees who left the company were replaced. In the Infra business area, the number of full-time equivalent employees (FTEs) increased clearly from the comparison period, and the increase was greater than the corresponding decrease elsewhere in the business. As a result, the total number of full-time equivalent employees returned to growth in the third quarter.
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Sitowise Group Plc Interim Report January – September 2026 14 Personnel Personnel 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Number of personnel, average 1,639 1,688 -2.9% 1,633 1,710 -4.5% 1,694 Number of personnel, at the end of the period 1,634 1,676 -2.5% 1,634 1,676 -2.5% 1,633 Full-time equivalent employees (FTEs) FTE per Business Area 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Infra 665 616 8.0% 644 615 4.7% 615 Buildings 515 523 -1.5% 511 539 -5.2% 529 Digital Solutions 274 286 -4.1% 279 288 -3.1% 287 Group Functions 62 63 -1.3% 64 63 1.0% 63 Group total 1,516 1,488 1.9% 1,498 1,505 -0.5% 1,494 Changes in Group Management There were no changes in the company’s management during the review period. Changes in Group Structure On 9 June 2026 Sitowise Group Oyj announced it had signed an agreement to sell the entire shareholding of its Swedish subsidiary Sitowise Sverige AB (the Sweden business area) to Sweco. The sale was completed on 31 July 2026. See above section “The sale of subsidiary Sitowise Sverige AB”. Corporate Governance Authorizations of the Board of Directors The Annual General Meeting of Sitowise held on 26 March 2026 authorized the Board of Directors to decide on the repurchase of the Company’s own shares and to decide on the issuance of shares as well as the issuance of special rights entitling to shares referred to in chapter 10 section 1 of the Companies. The authorizations are effective until the beginning of the next Annual General Meeting, however no longer than until 30 June 2027. The AGM authorized the Board of Directors to decide on the repurchase of the Company’s own shares as follows: The number of own shares to be repurchased based on this authorization shall not exceed 3,500,000 shares in total, which corresponds to approximately 9.8 per cent of all the shares in the Company. However, the Company together with its subsidiaries cannot at any moment own more than 10 per cent of all the shares in the Company. Own shares can be repurchased only using the unrestricted equity of the Company at a price formed in public trading on the date of the repurchase or otherwise at a price formed on the market. The Board of Directors decides on all other matters related to the repurchase of own shares, and among other things derivates can be used in the repurchase. Own shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase).
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Sitowise Group Plc Interim Report January – September 2026 15 The AGM authorized the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares referred to in chapter 10 section 1 of the Companies Act as follows: The number of shares to be issued based on this authorization shall not exceed 3,500,000 shares, which corresponds to approximately 9.8 per cent of all the shares in the Company. The authorization covers both the issuance of new shares as well as the transfer of treasury shares held by the Company. The Board of Directors decides on all other conditions of the issuance of shares and of special rights entitling to shares. The issuance of shares and of special rights entitling to shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue). The authorization may be used, among other things, to finance and carry out acquisitions or other corporate transactions, to engagement, in incentive systems, in order to develop the Company’s capital structure, to broaden the Company’s ownership base, and for other purposes as determined by the Company’s Board of Directors. Shares and shareholders Share capital and treasury shares At the end of September 2026, Sitowise Group Plc’s share capital was EUR 80,000. The company has one share class. Each share entitles the holder to one vote and an equal dividend. The number of shares issued by Sitowise at the end of the review period was 35,845,665 shares. There were no changes in this number during the review period. The company did not hold any of its own shares during the review period. 30 Sep 2026 30 Sep 2025 31 Dec 2025 Registered share capital, EUR thousand 80 80 80 Registered total number of shares 35,845,665 35,845,665 35,845,665 Treasury shares 0 0 0 Trading of shares SITOWS Nasdaq Helsinki 1–9/2026 1–9/2025 1–12/2025 Number of shares traded, million 6.0 1.3 2.8 Value of trading, EUR million 14.1 3.3 6.9 Closing price on the final day of trading, EUR 2.40 2.68 2.59 Volume-weighted average price, EUR 2.46 2.52 2.44 Highest price, EUR 2.68 3.04 3.04 Lowest price, EUR 2.36 2.10 2.10 Market capitalization (at the end of the period), EUR million 86.0 96.1 92.8 Shareholders At the end of the review period on 30 September 2026, the number of registered shareholders was 4,872 (5,334). The ten largest shareholders entered in the book-entry register maintained by Euroclear Finland Oy owned a total of 34.2 (29.0) percent of Sitowise Group Plc’s shares. Nominee-registered shareholders accounted for 37.9 (39.7) percent of the company’s shares. The table below lists the ten largest shareholders on 30 September 2026 based on the Monitor service* provided by the Swedish company Modular Finance AB:
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Sitowise Group Plc Interim Report January – September 2026 16 Largest shareholders Number of shares % of shares 1 Paradigm Capital AG 9,100,686 25.39% 2 Intera Partners Oy 5,121,573 14.29% 3 Nordea Life Assurance Finland Ltd 2,361,812 6.59% 4 Etola Group Oy 1,500,000 4.18% 5 Handelsbanken Fonder 1,100,000 3.07% 6 Ilmarinen Mutual Pension Insurance Company 1,071,500 2.99% 7 Varma Mutual Pension Insurance Company 635,000 1.77% 8 Kimmo Anttalainen 397,488 1.11% 9 Jannis Mikkola 356,740 1.00% 10 Ábaco Capital SGIIC 291,577 0.81% 10 largest in total 21,936,376 61.20% Total number of shares 35,845,665 * Data may be incomplete for both the number of shares and shareholders. It is not possible for the company to verify the accuracy or timeliness of the information. The company is not responsible for the information supplied by the service provider, which is given only as additional information. The company’s shareholder register is available from Euroclear, and the company additionally publishes any flagging notifications it receives as stock exchange releases. Share-based incentive plans On 4 March 2026, the Board of Directors of Sitowise Group Plc resolved to establish new share-based long-term incentive plans covering the years 2026–2028. Within the Performance Share Plan 2026–2028, the participants have the opportunity to earn Sitowise shares and cash as a long-term incentive reward, if the performance targets set by the Board of Directors for the plan are achieved. The Board also resolved on a restricted share plan (Restricted Share Plan 2026–2028), which is intended as a supplementary share-based long-term incentive plan. For further information about the incentive plans see www.sitowise.com/investors/stock-exchange-releases. At the end of the review period, Sitowise Group Plc also had the following share-based incentive schemes in place: • Performance Share Plan 2025-2027 • Restricted Share Plan 2025-2027 • Performance Share Plan 2024-2026 • Restricted Share Plan 2024-2026 All incentive plans of the company are further described at www.sitowise.com/investors/governance/remuneration. Short-term risks and uncertainties Uncertainty created by changes in the global economy and market conditions poses a risk to Sitowise’s business. Still weak macro-economic outlook is showing encouraging signs of gradual improvement, although uncertainty around the pace of recovery persists and may impact the short-term decision- making of Sitowise’s clients especially in the private sector and most of all in residential building projects. The general economic environment also has an impact on public sector investments. A continued decline in economic activity, geopolitical uncertainty, or a delay in market recovery may impact Sitowise’s clients' business prospects leading to, for example, a decrease or postponement of investments and clients’ projects or to clients’ payment difficulties. The prolonged challenging market environment may continue to increase sensitivity around claims and contractual issues, heightening the risk for additional costs. Significant short-term risks and uncertainties to which the Sitowise Group’s business is exposed include operational risks related to project work, for example pricing and profitability of the projects, retention of current experts, damage risks such as information and cyber security risks, and strategic risks linked to technological development, corporate acquisitions, and uncertainties in the global economy. Furthermore, Sitowise Group’s performance is exposed to several financial risks such as interest rate and currency
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Sitowise Group Plc Interim Report January – September 2026 17 risks as well as financing risks. The terms of the company's financing agreement, including the covenant conditions, may limit its financial flexibility, and challenges in meeting these terms could potentially raise financing costs or impact the adequacy of financing. Sitowise's sustainability risks include environmental, social responsibility, and governance risks which include among other things the risk of the company being unable to utilize its sustainability expertise to create customer value, and the risk of non- compliance with requirements and reputational damage and sanctions caused by that. Sitowise’s risks are described in detail in the company’s 2025 Financial Statements, available on the company’s website at www.sitowise.com. One of the key tools for the Group’s risk assessment is an annual survey. Its results as well as any other specific risks arising from Sitowise’s operations are discussed on the Group’s Board of Directors, Management Team, and business areas. The Sitowise Group’s risk management process and responsibilities are described on the Group’s website (www.sitowise.com). Legal proceedings and disputes As disclosed earlier, Sitowise Oy has a pending legal proceeding with a former client relating to a Finnish residential apartment building project from some years back. A substantial claim has been presented to Sitowise by the counterparty, but according to the company’s view, the claim is unfounded. Sitowise has also presented a claim to the counterparty for the unpaid part of the project payment, plus the delay interest. The parties entered settlement negotiations in the review period and have continued those after it. Sitowise expects to finalize these negotiations during the fourth quarter. The possible settlement amount would be recorded as an item affecting comparability. Additionally, the group has ongoing disputes that are considered usual. Seasonality and sensitivities The seasonal variation of Sitowise’s business is affected by the monthly allocation of annual working days, which in turn is affected by the timing of public holidays (e.g., Easter and Christmas) and employee vacation periods. The Group’s net sales and profitability are generally at their lowest in the third quarter due to the summer vacation season. Due to SaaS business, the profitability in Digital Solutions business area is typically at its highest during the third quarter. Number of working days based on sales weighted business mix Calendar effects: Number of working days based on sales weighted business mix 2026 2025 2026 vs. 2025 Q1 62 62 0 Q2 60 60 0 Q3 66 66 0 Q4 64 63 1 Full year 252 251 1 Estimated sensitivities with current business scope on annual level: Change Impact in euros Impact scope Number of working days +/- 1 day +/- EUR 0.6-0.7 million Topline and bottom-line impact Sickness absences +/- 1%-point -/+ EUR 1.7 million Topline and bottom-line impact SEK/EUR FX rate +/- 10% +/- EUR 0.8 million Topline impact
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Sitowise Group Plc Interim Report January – September 2026 18 Quarterly net sales and EBITA of the Group EUR million Q2/2025 Q3/2025 Q4/2025 Q1/2026 Q2/2026 Q3/2026 Net sales 42.6 35.7 42.8 41.2 43.1 37.6 Other operating income 0.1 0.1 0.1 0.1 0.1 0.1 Materials and services -4.7 -4.2 -5.7 -4.1 -4.9 -5.4 Personnel expenses -28.5 -22.6 -28.0 -29.1 -29.5 -22.8 Other operating expenses -5.3 -4.6 -5.4 -5.2 -5.5 -4.4 Depreciations -1.4 -1.4 -1.4 -1.2 -1.2 -1.2 EBITA 2.9 3.1 2.4 1.7 2.1 3.3 EBITA, % 6.8% 8.6% 5.7% 4.1% 4.8% 8.9% Items affecting comparability 0.3 0.1 0.3 0.8 1.1 0.3 EBITA, adjusted 3.3 3.2 2.8 2.5 3.2 3.7 EBITA, adjusted % 7.7% 8.9% 6.5% 6.2% 7.4% 9.8% Significant events after the review period Shareholders’ Nomination Board The following members have been appointed to Sitowise Group Plc's Shareholders' Nomination Board: • Jan Hummel, Paradigm Capital AG, • Juhana Kallio, Intera Partners Oy, • Malin Björkmo, Handelsbanken Fonder, and • Eero Heliövaara, Chair of Sitowise Board of Directors. Representatives of the three largest shareholders are elected annually to Sitowise's Shareholders' Nomination Board. The company's three largest shareholders, according to the situation on the first business day of September, are each entitled to nominate one member. If a shareholder does not wish to use its nomination right, the right will be transferred to the next largest shareholder. The Nomination Board also includes the chairman of the company's board as an expert member. The Nomination Board prepares proposals for the election and remuneration of the chairperson and members of the Board of Directors to the Annual General Meeting. The now appointed Nomination Board will forward its proposals for the 2027 Annual General Meeting to the company’s Board of Directors by 1 February 2027. The charter of the Nomination Board is available on the company’s website. Financial reporting Financial Statement Release 2026 will be published on 11 February 2027. Espoo, 5 November 2026 Sitowise Group Plc Board of Directors
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Sitowise Group Plc Interim Report January – September 2026 19 Additional information Jannis Mikkola, Acting CEO, jannis.mikkola@sitowise.com, tel. +358 40 747 9670 Sanna Sormaala, CFO, sanna.sormaala@sitowise.com, tel. +358 50 452 5498 Mari Reponen, Director, Strategy and IR, mari.reponen@sitowise.com, tel. +358 40 702 5869 Audiocast for analysts, media and investors Sitowise’s Q3 2026 earnings call will be held today, 5 November 2026 at 12 pm EET. The audiocast can be accessed either live or as a replay available at https://events.inderes.com/sitowise/2026-q3-results Distribution Nasdaq Helsinki Ltd Key media www.sitowise.com Sitowise in brief Sitowise is a Nordic expert in technical consulting and digital solutions. Our mission is to engineer the foundation of Nordic resilience. We design infrastructure, buildings and cities that stand the test of time and change. We enhance society’s operational reliability by developing critical infrastructure and ensure the sustainable use of the environment and natural resources. We operate in three business areas: Infra, Buildings and Digital solutions. The Group’s restated net sales in 2025 were EUR 162 million, and the company employs approximately 1,700 experts. Sitowise Group Plc is listed on the Nasdaq Helsinki stock exchange under the trading symbol SITOWS.
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Sitowise Group Plc Interim Report January – September 2026 20 Main financial statements CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Net sales 37,582 35,688 121,952 119,418 162,252 Other operating income 94 112 291 296 398 Materials and services -5,453 -4,151 -14,432 -12,477 -18,135 Employee benefits -22,897 -22,575 -81,513 -80,052 -108,081 Other operating expenses -4,795 -4,609 -15,554 -15,005 -20,454 Depreciation, amortization, and impairment -2,049 -2,304 -6,276 -6,937 -9,209 Operating profit 2,482 2,161 4,469 5,243 6,770 Financial income 90 61 257 260 494 Financial expenses -1,577 -1,456 -4,788 -4,601 -6,002 Result before taxes 995 766 -63 901 1,262 Income taxes -123 -113 100 -106 -142 Result for the period, continuing operations 872 652 37 795 1,120 Result for the period, discontinued operations -3,463 -1,378 -5,734 -3,340 -43,550 Result for the period -2,592 -725 -5,697 -2,545 -42,431 Attributable to: Owners of the parent -2,592 -725 -5,697 -2,545 -42,431 Other comprehensive income: Reclassification of translation differences to P&L on disposal 2,780 0 2,780 0 0 Items that may be reclassified to profit or loss Change in translation difference -166 412 -354 1,894 2,091 Cash flow hedging, net of tax -330 130 -196 95 -70 Other change 0 0 2 48 1,826 Total for items in other comprehensive income 2,285 542 2,233 2,036 3,847 Total comprehensive income -307 -184 -3,464 -508 -38,583 Comprehensive income attributable to: Owners of the parent -307 -184 -3,464 -508 -38,583 Total comprehensive income attributable to owners of the Parent company arises from: Continuing operations: 377 843 -510 1,206 3,309 Discontinued operations: -683 -1,027 -2,954 -1,714 -41,893 Earnings per share: Earnings per share (EUR)
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Sitowise Group Plc Interim Report January – September 2026 21 Continued operations 0.02 0.02 0.00 0.02 0.03 Discontinued operations -0.10 -0.04 -0.16 -0.09 -1.17 Diluted earnings per share (EUR) Continued operations 0.02 0.02 0.00 0.02 0.03 Discontinued operations -0.09 -0.04 -0.15 -0.09 -1.17 Starting from the second quarter of the financial year, Sitowise reports its Sweden business area as discontinued operations. The comparative figures have been adjusted accordingly.
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Sitowise Group Plc Interim Report January – September 2026 22 CONSOLIDATED STATEMENT OF FINANCIAL POSITION EUR thousand 30 Sep 2026 30 Sep 2025 31 Dec 2025 Assets Goodwill 120,475 160,222 120,730 Intangible assets 7,086 9,945 9,082 Property, plant and equipment 2,017 1,925 2,004 Right-of-use assets 17,764 25,223 24,408 Other shares, similar rights of ownership, and receivables 288 1,839 307 Deferred tax assets 1,531 2,355 1,808 Total non-current assets 149,161 201,508 158,339 Trade and other receivables 42,202 45,925 48,058 Income tax receivables 119 768 870 Cash and cash equivalents 17,088 9,461 22,598 Total current assets 59,409 56,154 71,526 Total assets 208,570 257,662 229,865 EUR thousand 30 Sep 2026 30 Sep 2025 31 Dec 2025 Shareholders' equity and liabilities Share capital 80 80 80 Reserve for invested unrestricted equity 97,294 97,294 97,294 Fair value reserve -378 38 -183 Translation difference -843 -3,466 -3,269 Retained earnings -22,702 20,897 -17,052 Equity attributable to owners of the parent 73,451 114,843 76,870 Total shareholders' equity 73,451 114,843 76,870 Deferred tax liabilities 374 749 586 Financial liabilities 67,334 68,327 67,833 Lease liabilities 14,939 19,289 18,889 Other financial liabilities 345 247 183 Total non-current liabilities 82,992 88,612 87,492 Income tax liabilities 714 672 0 Financial liabilities 1,041 1,041 1,041 Lease liabilities 4,703 7,674 7,420 Provisions 2,777 725 1,493 Trade payable and other liabilities 42,891 44,093 55,549 Total current liabilities 52,126 54,206 65,503 Total shareholders' equity and liabilities 208,570 257,662 229,865
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Sitowise Group Plc Interim Report January – September 2026 23 CONSOLIDATED CASH FLOW STATEMENT EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Cash flows from operating activities: Result for the period -2‚592 -726 -5‚697 -2‚545 -42‚431 Adjustments Income taxes -88 -272 -854 -854 -999 Depreciation, amortization, and impairment 2‚250 3‚049 7‚792 9‚193 51‚784 Financial income and expenses 1‚512 1‚477 4‚748 4‚639 5‚900 Other adjustments 3‚126 26 3‚340 137 239 Change in working capital Trade and other receivables, increase (-) / decrease (+) 1‚217 1‚362 317 5‚112 3‚247 Trade and other payables, increase (+) / decrease (-) -5‚769 -7‚862 -6‚847 -10‚940 1‚053 Interest paid and other financial expenses -1‚471 -1‚536 -4‚725 -4‚959 -6‚475 Interest received and other financial income 90 57 257 327 400 Income taxes paid (-) / received (+) -144 -162 -262 -513 -645 Net cash flows from operating activities -1‚869 -4‚586 -1‚932 -403 12‚074 Cash flows from investing activities: Investments in tangible and intangible assets -450 -342 -1‚570 -1‚653 -2‚063 Acquisitions of subsidiaries, net of cash acquired 0 0 0 -391 -391 Sale of subsidiaries, net of cash disposed 2‚772 0 2‚772 0 0 Proceeds from sales of other shares and repayments of loan receivables 0 0 47 0 3‚139 Net cash flows from investing activities 2‚322 -342 1‚249 -2‚044 684 Cash flows from financing activities: Repayment of short-term loans 0 0 -541 -500 -1‚000 Payments of lease liabilities -1‚130 -1‚653 -4‚233 -5‚160 -6‚779 Net cash flows from financing activities -1‚130 -1‚653 -4‚774 -5‚660 -7‚779 Cash and cash equivalents at the start of the period 17‚765 16‚019 22‚598 17‚459 17‚459 Change in cash and cash equivalents, increase (+) / decrease (-) -677 -6‚581 -5‚457 -8‚107 4‚979 Translation differences 0 24 -53 109 159 Cash and cash equivalents at the end of the period 1) 17‚088 9‚461 17‚088 9‚461 22‚598 The consolidated cash flow includes cash flows related to both continuing and discontinued operations.
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Sitowise Group Plc Interim Report January – September 2026 24 STATEMENT OF CHANGES IN CONSOLIDATED EQUITY Equity attributable to owners of parent EUR thousand Share capital Reserve for invested unrestricted equity Fair value reserve Translation differences Retained earnings Total Non- controlling interest Total shareholders’ equity Shareholders' equity 1 Jan 2026 80 97,294 -182 -3,269 -17,053 76,870 0 76,870 Total comprehensive income Result for the period -5,697 -5,697 -5,697 Other comprehensive income Change in translation difference -354 -354 -354 Reclassification of translation differences to P&L on disposal 2,780 2,780 2,780 Cash flow hedging, net of tax -196 -196 -196 Other change 2 2 2 Total comprehensive income 0 0 -196 2,426 -5,695 -3,464 0 -3,464 Share-based incentive schemes 48 48 48 Transactions with owners 0 0 0 0 48 48 0 48 Shareholders' equity 30 Sep 2026 80 97,294 -378 -843 -22,701 73,451 0 73,451 Equity attributable to owners of parent EUR thousand Share capital Reserve for invested unrestricted equity Fair value reserve Translation differences Retained earnings Total Non- controlling interest Total shareholders’ equity Shareholders' equity 1 Jan 2025 80 97,352 -57 -5,360 23,256 115,271 0 115,271 Result for the period -2,545 -2,545 -2,545 Other comprehensive income 39 1,894 103 2,037 2,037 Total comprehensive income 0 0 39 1,894 -2,442 -508 0 -508 Share-based incentive schemes 137 137 137 Other adjustments -58 -58 -58 Transactions with owners 0 -58 0 0 137 79 0 79 Shareholders' equity 30 Sep 2025 80 97,294 -17 -3,466 20,953 114,843 0 114,843
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Sitowise Group Plc Interim Report January – September 2026 25 Notes to the Interim Report Sitowise Group’s interim report has been prepared in accordance with IAS 34 Interim Financial Reporting. The interim information does not include all the notes presented in the consolidated financial statements for 2025; therefore, it should be read in conjunction with the consolidated financial statements for 2025 prepared in accordance with IFRS. The same accounting principles have been applied in the interim financial information as in the consolidated financial statements. The interim report has not been audited. Sitowise Group Plc announced on 9 June 2026 that it had signed an agreement on the sale of its Swedish subsidiary, Sitowise Sverige AB (the Swedish business area). The sale was completed on 31 July 2026. Sitowise presents Sitowise Sverige AB as a discontinued operation starting from the interim report for the second quarter of 2026. The financial information presented in this report relates to continuing operations unless otherwise stated. Comparative figures have been adjusted accordingly. In accordance with IFRS 5, Non‑current Assets Held for Sale and Discontinued Operations, the profit or loss from the discontinued operation is presented separately from income and expenses of continuing operations in the consolidated income statement, with prior periods restated for comparison. Intra-group revenues and expenses between continuing and discontinued operations are eliminated. The discontinued operation comprises revenue and operating expenses directly attributable to the Sweden business area, together with costs related to continuing operations that will not continue after the sale transaction or that would have been avoided had the sale occurred. Certain costs incurred from the design software used by the Sweden business area are excluded from the discontinued operation. As a result, the financial information shown for continuing operations and for the Sweden business area (as discontinued operations) is in indicative nature and does not fully reflect the standalone historical or future profitability of either business before or after the divestment. In accordance with IFRS 5, the statement of financial position is not restated. The key uncertainties related to decisions made by the management requiring discretion, the management’s estimates, as well as key topics requiring discretion are the same as those in the 2025 financial statements. 1. NET SALES EUR thousand 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Infra 17,432 16,108 8.2% 56,433 52,958 6.6% 73,167 Buildings 12,123 11,270 7.6% 39,108 39,501 -1.0% 52,766 Digi 8,027 8,310 -3.4% 26,411 26,959 -2.0% 36,320 Total 37,582 35,688 5.3% 121,952 119,418 2.1% 162,252 Net sales by business area EUR thousand 7-9/2026 7-9/2025 Change, % 1-9/2026 1-9/2025 Change, % 1-12/2025 Finland 35,018 33,739 3.8% 113,442 112,838 0.5% 153,290 Sweden 2,123 1,885 12.6% 7,034 6,128 14.8% 8,386 Other countries 442 64 589.7% 1,477 452 226.9% 576 Total 37,582 35,688 5.3% 121,952 119,418 2.1% 162,252 Net sales of the geographical areas are reported by the client’s location. Revenue from client contracts expected to be recognized and related to the remaining performance obligations as of 30 September 2026 is approximately EUR 140 million.
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Sitowise Group Plc Interim Report January – September 2026 26 2. FAIR VALUE MEASUREMENT OF FINANCIAL ASSETS AND LIABILITIES Fair value hierarchy levels: - Level 1: Quoted fair values for identical assets and liabilities in active markets - Level 2: Fair values are measured using inputs other than quoted prices included within Level 1, and they are observable for the asset or liability, either directly or indirectly - Level 3: Fair values are measured using asset or liability data not based on observable market inputs Financial assets EUR thousand Measured at amortized cost Measured at fair value through other comprehensive income Measured at fair value through profit or loss Book value total Fair value Level Non-current financial assets Other shares and holdings 33 33 33 Level 3 Loan receivables 0 0 Other financial assets, including derivatives 256 256 256 Level 2 Current financial assets Trade receivables 25‚861 25‚861 25‚861 Cash and cash equivalents 17‚088 17‚088 17‚088 Financial assets 30 Sep 2026 43‚205 33 0 43‚238 43‚238 EUR thousand Measured at amortized cost Measured at fair value through other comprehensive income Measured at fair value through profit or loss Book value total Fair value Level Non-current financial assets Other shares and holdings 631 631 631 Level 3 Loan receivables 917 917 917 Other financial assets, including derivatives 291 291 291 Level 2 Current financial assets Trade receivables 25‚763 25‚763 25‚763 Cash and cash equivalents 9‚461 9‚461 9‚461 Financial assets 30 Sep 2025 36‚432 631 0 37‚063 37‚063
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Sitowise Group Plc Interim Report January – September 2026 27 Financial liabilities EUR thousand Measured at amortized cost Measured at fair value through other comprehensive income Measured at fair value through profit or loss Book value total Fair value Level Non-current financial liabilities Loans from financial institutions 67‚334 67‚334 67‚334 Lease liabilities 14‚939 14‚939 Other financial liabilities, including derivatives 345 345 345 Level 1 Current financial liabilities Loans from financial institutions 1‚041 1‚041 1‚041 Trade payables 3‚499 3‚499 3‚499 Lease liabilities 4‚703 4‚703 Financial liabilities 30 Sep 2026 91‚516 363 0 91‚879 72‚236 EUR thousand Measured at amortized cost Measured at fair value through other comprehensive income Measured at fair value through profit or loss Book value total Fair value Level Non-current financial liabilities Loans from financial institutions 68‚327 68‚327 68‚327 Lease liabilities 19‚289 19‚289 Other financial liabilities, including derivatives 247 247 247 Level 1 Current financial liabilities Loans from financial institutions 1‚041 1‚041 1‚041 Trade payables 7‚249 7‚249 7‚249 Lease liabilities 7‚674 7‚674 Financial liabilities 30 Sep 2025 103‚580 247 0 103‚827 76‚864 Loans from financial institutions consist of floating rate bank loans. The total amount of loans drawn down under the financing agreement was EUR 68.5 million. With the current interest rate swap agreement, EUR 33.0 million of the loans raised were based on fixed interest rates and EUR 35.5 million were based on floating interest rates. The Group met the covenant conditions of its financing contract at the end of the review period. The company monitors compliance with loan covenant requirements on a regular basis.
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Sitowise Group Plc Interim Report January – September 2026 28 3. DISCONTINUED OPERATIONS On 9 June 2026, Sitowise Group Plc announced that it had signed an agreement on the sale of its Swedish subsidiary, Sitowise Sverige AB (the Sweden business area). Sitowise has classified the business to be divested as assets held for sale starting from the second quarter of 2026and thereafter presents it as a discontinued operation. In accordance with IFRS 5, "Non-current Assets Held for Sale and Discontinued Operations," the profit or loss from the discontinued operation is presented separately from income and expenses of continuing operations in the consolidated income statement, with prior periods restated for comparison. Intra-group revenues and expenses between continuing and discontinued operations are eliminated. The sale was completed on 31 July 2026. The purchase price for the divested operations amounts to EUR 3.0 million. The parties have also agreed on an earn-out of up to approximately EUR 2.0 million related to long-term lease liabilities, which will be recognized in profit or loss in 2027–2029 if realized. Sitowise recorded an impairment loss of EUR 0.6 million on the measurement of Sitowise Sverige AB's net assets to the fair value less costs to sell (EUR 0.6 million). Result for the Discontinued operations EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Net sales 607 4,757 15,742 18,969 26,333 Other operating income 0 24 14 75 76 Materials and services -124 -551 -1,834 -2,528 -3,498 Employee benefits -988 -4,157 -13,129 -15,195 -20,547 Other operating expenses 101 -1,009 -2,233 -3,078 -4,117 Depreciation, amortization, and impairment 76 -745 -1,517 -2,248 -42,575 Operating profit -327 -1,682 -2,956 -4,004 -44,329 Financial income 0 13 0 12 20 Financial expenses -25 -94 -216 -308 -412 Loss on disposal of discontinued operations -3,327 0 -3,327 0 0 Result before taxes -3,679 -1,764 -6,499 -4,301 -44,721 Income taxes 215 385 764 956 1,141 Result for the period, discontinued operations -3,463 -1,378 -5,734 -3,345 -43,580 Other comprehensive income: Reclassification of translation differences to P&L on disposal 2,780 0 2,780 0 0 Items that will not be reclassified as profit or loss Recognition of change in the fair value of other investments through comprehensive income 0 0 0 0 0 Items that may be reclassified to profit or loss Change in translation difference 0 351 0 1,626 1,658 Cash flow hedging, net of tax 0 0 0 0 0 Other change 0 0 0 0 0 Total for items in other comprehensive income 2,780 351 2,780 1,626 1,658 Total comprehensive income, discontinued operations -683 -1,027 -2,954 -1,719 -41,922
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Sitowise Group Plc Interim Report January – September 2026 29 Cash flows from discontinued operations EUR thousand 1-9/2026 1-9/2025 1-12/2025 Cash flow from operating activities -1 909 -4 194 -4 055 Cash flow from /used in investing activities (* 2 749 -150 -151 Cashflow used in financing activities -1 297 -1 640 -2 179 Net cash flows from discontinued operations -457 -5 984 -6 385 (* Cash flow from investing activities for discontinued operations include the disposal of the Swedish operations, net of cash and cash equivalents disposed of at the date of disposal Assets and associated liabilities of discontinued operations Assets EUR thousand 30 Jul 2026 Intangible assets 44 Property, plant and equipment 248 Right-of-use assets 5,398 Other shares, similar rights of ownership, and receivables 10 Deferred tax assets 1,820 Total non-current assets 7,520 Trade and other receivables 5,168 Income tax receivables 649 Cash and cash equivalents 2,004 Total current assets 7,281 Total assets 15,341 Liabilities Deferred tax liabilities 10 Lease liabilities LT 3,374 Total non-current liabilities 3,384 Lease liabilities 2,363 Trade payable and other liabilities 4,250 Total current liabilities 6,613 Total liabilities 9,997
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Sitowise Group Plc Interim Report January – September 2026 30 4. GUARANTEES AND CONTINGENT LIABILITIES During the third quarter, bank guarantees decreased compared to the previous quarter's level. At the end of the review period, the company had valid bank guarantees worth EUR 1.4 million. The financing has been secured by corporate pledges totaling EUR 117.0 million. In addition, the shares of subsidiaries and internal receivables are used as collateral. 5. SHARES Number of shares used in calculating earnings per share 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Number of shares 35,845,665 35,845,665 35,845,665 35,845,665 35,845,665 Average number of shares 35,845,665 35,845,665 35,845,665 35,845,665 35,845,665 Diluted number of shares 37,754,165 37,283,665 37,754,165 37,283,665 37,314,665 Diluted number of shares, average 37,879,838 36,606,609 37,538,630 36,606,609 37,169,283 6. RELATED-PARTY TRANSACTIONS The Board of Directors of Sitowise resolved in March 2023 to establish a new share-based long-term incentive program. The program consists of annually commencing individual three-year plans, and the Board of Directors decides the commencement and terms of each new plan separately. The purpose of the plans is to align the interests of the management and key personnel with the interests of the shareholders and thereby increase the shareholder value in the long term, and to commit the management and key personnel to achieving Sitowise’s strategic goals. The incentives plan valid at the end of the period are presented in the table below. The Performance Share Plans (PSP) have a three-year performance period. The participants in the plans have the opportunity to earn Sitowise shares and cash as a long-term incentive reward, if the performance targets set by the Board of Directors for the plan are achieved. The payout of shares under plans will depend on meeting the targets set by the Board of Directors and no reward will be paid if the minimum levels set for the targets are not met. The potential reward will be paid, according to the Board of Directors’ choice, either in Sitowise’s shares, in cash, or in a combination of these after the performance period. The potential share rewards are at the participants’ free disposal after delivery, with the exception of the CEO and other Group Management Team members. As a main rule no reward is paid to an individual participant whose employment or service relationship ends or has ended before the delivery of the reward. Restricted Share Plans (RSP) as a supplementary share-based long-term incentive plan. The potential reward will be paid, according to the Board of Directors’ choice, either in Sitowise’s shares, in cash, or in a combination of these after the performance period and they are at the participants’ free disposal after delivery. As a main rule no reward is paid to an individual participant whose employment or service relationship ends or has ended before the delivery of the reward. For IFRS 2 purposes, the fair value shall take into account market based performance conditions. The evaluation takes into account Sitowise’s share price at the time of the grant, the relative TSR market condition, the absolute TSR trigger and expected dividends to be missed before the payment of the reward. Further information about the share-based incentive plan and terms applied to the plans have been published in stock exchange releases on 4 March 2026, 12 February 2025, 13 March 2024 and 28 March 2023. The total cost effect of the equity-settled performance share programs during the reporting period was EUR 86 thousand and a total of EUR 71 thousand during the January-September period. During the comparison period, the total cost effect of the equity-settled performance share programs and the option program, which was established in 2021 was EUR 84 thousand and EUR 137 thousand during the January - September period.
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Sitowise Group Plc Interim Report January – September 2026 31 Plan Target group The performance criteria applied Payment condition PSP 2024-2026 CEO, other members of the Sitowise Group Management Team, other management and experts Profitability (adjusted EBITA margin, %), profitability compared to peers (adjusted EBITA margin, %, compared to selected peers), sustainability services revenue Total shareholder return (TSR) trigger and minumum net sales trigger PSP 2025-2027 CEO, other members of the Sitowise Group Management Team, other management and experts Growth and profitability (reported EBITA, EUR), profitability (adjusted EBITA margin, %), sustainability services revenue Total shareholder return (TSR) trigger PSP 2026-2028 CEO, other members of the Sitowise Group Management Team, other management and experts Growth and profitability (reported EBITA, EUR), profitability (adjusted EBITA margin, %), sustainability services revenue Total shareholder return (TSR) trigger RSP 2024-2026 Separately selected Sitowise's key persons N/A N/A RSP 2025-2027 Separately selected Sitowise's key persons N/A N/A RSP 2026-2028 Separately selected Sitowise's key persons N/A N/A Plan First grant date Number of granted shares Grant date share price Number of participants Performance period Settlement year PSP 2024-2026 18 March 2024 253,000 EUR 2.77 21 2024-2026 2027 PSP 2025-2027 27 March 2025 518,000 EUR 2.40 50 2025-2027 2028 PSP 2026-2028 29 April 2026 1,107,500 EUR 2.44 83 2026-2028 2029 RSP 2024-2026 4 August 2025 0 EUR 2.49 0 2024-2026 2027 RSP 2025-2027 10 February 2026 30,000 EUR 2.42 2 2025-2027 2028 The company had purchases from AS DWG, which is considered as a related-party company, totaling to 194 thousand euros during the January-September period. At the end of the reporting period, the company had loan receivables of EUR 128 thousand from AS DWG. The company did not have any other significant related-party transactions during the period under review.
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Sitowise Group Plc Interim Report January – September 2026 32 7. FINANCIAL AND ALTERNATIVE PERFORMANCE MEASURES Since the publication of the IFRS financial statements for 2019, Sitowise has reported some alternative performance measures that do not comply with IFRS standards. The calculation of alternative performance measures does not take into account items affecting comparability, which are different from ordinary business operations, in order to show the financial result of the underlying actual business. The alternative performance measures are intended to improve comparability and are not a substitute for other IFRS- based key figures. The alternative performance measures to be reported are adjusted EBITDA, EBITA, adjusted EBITA, and net debt / EBITDA, adjusted. Adjusted EBITDA and adjusted EBITA exclude material items that are not part of ordinary activities, but which affect comparability. Details of items affecting comparability and reconciliations of alternative performance measures are provided in Note 9. Key figures describing financial development EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Net sales 37,582 35,688 121,952 119,418 162,252 Growth in net sales, % 5.3% -1.0% 2.1% -0.8% 0.4% Adjusted organic growth in net sales, % 5.3% -1.8% 2.1% -0.2% 0.5% EBITA, adjusted 3,675 3,192 9,398 9,644 12,421 % of net sales 9.8% 8.9% 7.7% 8.1% 7.7% EBITA 3,336 3,073 7,082 7,987 10,427 Operating profit (EBIT) 2,482 2,161 4,469 5,243 6,770 % of net sales 6.6% 6.1% 3.7% 4.4% 4.2% Result for the period 872 652 37 795 1,120 Balance sheet total 208,570 257,662 229,865 Cash and cash equivalents 17,088 9,461 22,598 Net debt 70,929 86,871 72,585 Cash flow from operating activities before financial items and taxes -344 -2,946 2,798 4,743 18,794 Earnings per share (EUR) 0.02 0.02 0.00 0.02 0.03 Diluted earnings per share (EUR) 0.02 0.02 0.00 0.02 0.03 Return on equity (ROE), % 0.5% -3.6% -44.2% Return on capital employed (ROCE), % 3.8% 0.6% -19.2% Equity ratio, % 35.2% 44.6% 33.4% Net debt / EBITDA, adjusted 4.1x 5.4x 4.3x Gearing, % 96.6% 75.6% 94.4% Number of personnel, average 1,639 1,688 1,633 1,710 1,694 Full-time equivalent (FTE), average 1,516 1,488 1,498 1,505 1,494 Utilization rate 74.3% 74.3% 73.9% 73.6% 73.8% Comparison periods balance sheet figures have not been restated with Sweden business area divestment.
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Sitowise Group Plc Interim Report January – September 2026 33 8. FORMULAS OF FINANCIAL AND ALTERNATIVE PERFORMANCE MEASURES Adjusted organic growth in net sales = Growth in net sales excluding acquisitions and divestments adjusted by the number of working days and exchange rate impact EBITA = Operating profit + amortization of intangible assets EBITA, adjusted = EBITA + items affecting comparability EBITDA, adjusted = EBITA + depreciation of tangible assets + items affecting comparability Items affecting comparability = Items affecting comparability are primarily costs associated with M&A and integration as well as restructuring Net debt = Loans from financial institutions + IFRS16 lease liabilities - cash and cash equivalents Return on equity (ROE), % = Profit for the period, prev. 12 months / Total shareholders' equity, average Return on capital employed (ROCE), % = (Profit before taxes + financial expenses), prev. 12 months / (Balance sheet total - non-interest-bearing debt), average Equity ratio, % = Total shareholders' equity / Balance sheet total Net debt / EBITDA, adjusted = Net debt / EBITDA, adjusted Gearing, % = Net debt / Total shareholders' equity Non-diluted earnings per share = (Result for the period - non-controlling interest - dividend for the financial period to be distributed taking tax impact into consideration) / Average weighted number of shares Diluted earnings per share = (Result for the period - non-controlling interest - dividend for the financial period to be distributed taking tax impact into consideration) / Average diluted weighted number of shares Full-time equivalent (FTE), average = Group personnel, full-time equivalent average during the period Utilization rate = Number of project hours worked relative to the number of hours worked 9. RECONCILIATION OF ALTERNATIVE PERFORMANCE MEASURES EUR thousand 7-9/2026 7-9/2025 1-9/2026 1-9/2025 1-12/2025 Net sales 37,582 35,688 121,952 119,418 162,252 Adjusted organic growth in net sales, % Growth in net sales 5% -1% 2% 0% 1% Impact of acquisitions 0% 0% 0% 0% 0% Impact of number of working days 0% 0% 0% 1% 0% Impact of exchange rates 0% -1% 0% 0% 0% Adjusted organic growth in net sales, % 5% -2% 2% 0% 0% EBITA Operating profit (EBIT) 2,482 2,161 4,469 5,243 6,770 Amortizations of intangible assets -854 -912 -2,613 -2,745 -3,657 EBITA 3,336 3,073 7,082 7,987 10,427 EBITA % 8.9% 8.6% 5.8% 6.7% 6.4%
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Sitowise Group Plc Interim Report January – September 2026 34 Items affecting comparability Restructuring costs 18 50 815 1,426 1,660 M&A and integration costs 64 10 609 118 118 Other, income (-) / costs (+) 258 59 891 112 216 Items affecting comparability, EBITDA 339 119 2,316 1,656 1,994 Items affecting comparability, depreciations 0 0 0 0 0 Items affecting comparability, EBITA 339 119 2,316 1,656 1,994 EBITA, adjusted EBITA 3,336 3,073 7,082 7,987 10,427 Items affecting comparability, EBITA 339 119 2,316 1,656 1,994 EBITA, adjusted 3,675 3,192 9,398 9,644 12,421 EBITA, adjusted % 9.8% 8.9% 7.7% 8.1% 7.7% EBITDA Operating profit (EBIT) 2,482 2,161 4,469 5,243 6,770 Depreciation and amortization -2,049 -2,304 -6,276 -6,937 -9,209 EBITDA 4,531 4,465 10,745 12,180 15,979 EBITDA % 12.1% 12.5% 8.8% 10.2% 9.8% Net debt Loans from financial institutions * 68,375 69,368 68,874 Operational lease liabilities (IFRS 16) * 19,643 26,963 26,309 Cash and cash equivalents * 17,088 9,461 22,598 Net debt * 70,929 86,871 72,585 EBITDA, adjusted (prev. 12 months) EBITDA (prev. 12 months) * 14,544 13,424 14,255 Items affecting comparability, EBITDA (prev. 12 months) * 2,653 2,582 2,704 EBITDA, adjusted (prev. 12 months) * 17,197 16,006 16,959 Net debt / EBITDA, adjusted Net debt * 70,929 86,871 72,585 EBITDA, adjusted (prev. 12 months) * 17,197 16,006 16,959 Net debt / EBITDA, adjusted * 4.1x 5.4x 4.3x Gearing, % Total shareholders' equity 73,451 114,843 76,870 Net debt * 70,929 86,871 72,585 Gearing, % * 96.6% 75.6% 94.4% * Comparison periods figures have not been restated with Sweden business area divestment.