Earnings release
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Sword Group - 2, rue d’Arlon L-8399 Windhof - investorrelations@sword-group.lu sword-group.com Market Euronext Paris Compartment B ISIN Code FR0004180578 ICB 9530 Software & Computer Services Indices CAC® Small CAC® Mid & Small CAC® All-Tradable EN TECH Leaders The press release will be published on the web sites hereafter: GlobeNewswire/Notified and Sword Group. It was also sent to the “Commission de Surveillance du Secteur Financier (CSSF)” and saved on the Luxembourg Stock Exchange’s website. Press Release Windhof - October 22, 2026 Sword Group | Q3 2026 Results Outperformance in terms of organic growth: +17.1% Consolidated Revenue: €100.2m Profitability (EBITDA Margin): 12.0% YTD 2026 Consolidated Revenue €287.9m EBITDA Margin 12.0% Organic Growth on a like-for-like basis and at constant exchange rates +14.6% unaudited figures KEY FIGURES The consolidated revenue for the third quarter of 2026 amounted to €100.2 million , representing an increase of +17.1% at constant scope and +16.6% at constant scope and exchange rates compared with the third quarter of 2025. Profitability (EBITDA margin) reached 12.0%, corresponding to €12.0 million. The consolidated revenue at 30 September 2026 amounted to €287.9 million , representing an increase of 14.6% at constant scope and exchange rates compared with 30 September 2025. Reported figures include the acquisition of CirrusHQ, consolidated from 1 May 2026. The organic growth calculation excludes CirrusHQ revenue in 2026 and Tipik revenue in 2025. Q3 2026 ACCOUNTS unaudited figures €m 2026 2025 Revenue 100.2 91.2 EBITDA 12.0 11.0 EBITDA Margin 12.0% 12.1% ACCOUNTS AT 30 SEPTEMBER 2026 unaudited figures €m 2026 2025 Revenue 287.9 267.0 EBITDA 34.5 32.0 EBITDA Margin 12.0% 12.0% [1/4] Alternative Performance Measures (APMs) This press release contains Alternative Performance Measures (APMs) used by the Group to monitor its performance. In accordance with ESMA Guidelines (ESMA/2015/1415), a definition, the method of calculation, a reconciliation with the consolidated financial statements and an explanation of their usefulness are provided in the appendix to this document. For reference, these indicators are also defined on pages 16 and 17 of the 2025 Annual Financial Report. Sword Group Sword has 4,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age. As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management. Sword optimises your processes and enhances your data. Agenda 25/01/27 Publication of Q4 2026 Revenue/10/2 10/03/27 Publication of FY 2026 Revenue
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Sword Group - 2, rue d’Arlon L-8399 Windhof - investorrelations@sword-group.lu sword-group.com Market Euronext Paris Compartment B ISIN Code FR0004180578 ICB 9530 Software & Computer Services Indices CAC® Small CAC® Mid & Small CAC® All-Tradable EN TECH Leaders The press release will be published on the web sites hereafter: GlobeNewswire/Notified and Sword Group. It was also sent to the “Commission de Surveillance du Secteur Financier (CSSF)” and saved on the Luxembourg Stock Exchange’s website. Press Release Windhof - October 22, 2026 YTD 2026 Consolidated Revenue €287.9m EBITDA Margin 12.0% Organic Growth on a like-for-like basis and at constant exchange rates +14.6% unaudited figures ANALYSIS Sword’s new growth model, resulting from the success of our AI transformation plan, is delivering results above our expectations. The strength of our backlog and the performance of our AI, resilience and cloud offerings ensure the Group’s long-term sustainability. Our business model is primarily based on organic growth. Growth in the French-speaking region (Switzerland, France, Quebec) will be driven by the development of Switzerland and Canada, but not France, as our acquisition objective in France has been abandoned. The Group’s M&A policy remains focused on “technology“ acquisitions. HIGHLIGHTS OF THE QUARTER This quarter was marked by major contract signings with the European Union and large Anglo-Saxon companies. These new contracts, combined with the Group’s new offerings, strongly boosted organic growth. The Group is staying the course in the Middle East despite the current context. OUTLOOK The Group confirms its 2026 annual targets, both in terms of organic growth and profitability. [2/4] Alternative Performance Measures (APMs) This press release contains Alternative Performance Measures (APMs) used by the Group to monitor its performance. In accordance with ESMA Guidelines (ESMA/2015/1415), a definition, the method of calculation, a reconciliation with the consolidated financial statements and an explanation of their usefulness are provided in the appendix to this document. For reference, these indicators are also defined on pages 16 and 17 of the 2025 Annual Financial Report. Sword Group Sword has 4,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age. As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management. Sword optimises your processes and enhances your data. Agenda 25/01/27 Publication of Q4 2026 Revenue/10/2 10/03/27 Publication of FY 2026 Revenue
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3 Sword Group - 2, rue d’Arlon L-8399 Windhof - investorrelations@sword-group.lu sword-group.com Market Euronext Paris Compartment B ISIN Code FR0004180578 ICB 9530 Software & Computer Services Indices CAC® Small CAC® Mid & Small CAC® All-Tradable EN TECH Leaders The press release will be published on the web sites hereafter: GlobeNewswire/Notified and Sword Group. It was also sent to the “Commission de Surveillance du Secteur Financier (CSSF)” and saved on the Luxembourg Stock Exchange’s website. In accordance with the ESMA Guidelines (ESMA/2015/1415), the Group presents below the definitions, calculation methods, reconciliations with the financial statements and the rationale for the usefulness of the main alternative performance measures used in this press release. The terminology, definitions and calculation methods of these alternative performance measures are applied consistently over time. They are identical to those used in the Group’s annual and half-yearly publications. 1. EBITDA Definition: The EBITDA margin is the ratio of EBITDA to consolidated revenue. EBITDA corresponds to EBIT («Earnings before interest and taxes excluding non-recurring items» in the consolidated income statement) plus depreciation and amortisation. Methodology: EBITDA is a subtotal of the consolidated income statement («Earnings before interest, taxes, depreciation and amortisation excluding non-recurring items»). It is obtained by adding depreciation and amortisation to EBIT. Non-recurring items are excluded, as they are presented below EBIT. Link with the financial statements: EBITDA and EBIT are presented as subtotals in the consolidated income statement prepared in accordance with IFRS. Usefulness: The EBITDA margin makes it possible to assess the Group’s medium-term performance trend, excluding non-recurring costs. It also makes it possible to assess the Group’s ability to generate cash from ordinary operations, i.e. its self-financing capacity. Reconciliation: The Group does not prepare consolidated financial statements at 30 September. In accordance with paragraph 31 of the ESMA Guidelines, EBITDA is therefore reconciled below to EBIT, the most directly reconcilable aggregate in the consolidated financial statements. EBIT is calculated and presented using the same principles as in the consolidated financial statements for the 2025 financial year (2025 annual financial report, pages 16 and 17). €m 9 mounths 2026 9 mounths 2025 Q3 2026 Q3 2025 Revenue 287.9 267.0 100.2 91.2 EBIT 26.4 25.3 9.3 8.7 +Depreciation and amortisation 8.1 6.7 2.7 2.3 EBITDA 34.5 32.0 12.0 11.0 EBITDA margin (EBITDA / revenue) 12.0% 12.0% 12.0% 12.1% 2. Organic growth at constant scope and exchange rates Definition: Organic growth corresponds to the change in the Group’s revenue excluding scope effects and currency effects. Revenue from acquired or divested companies is excluded, and exchange rate fluctuations are neutralised. This indicator is an alternative performance measure that is not directly derived from the financial statements prepared in accordance with IFRS. Methodology: The reference scope is that at 31 December 2025. Figures are restated to reflect this scope. Currency effects are neutralised by applying the average exchange rates of the comparison period. Revenue from acquired or divested entities is excluded over the entire comparison period to ensure like-for-like comparability. Q3 2026 - Consolidated growth: +9.9% - Exchange rate impact: -0.5% - Scope impact: +7.2% - Organic growth: +16.6% Link: Calculated from the Group’s consolidated revenue prepared in accordance with IFRS. Usefulness: Measures the Group’s actual internal growth, independently of external growth transactions and exchange rate fluctuations. [3/4] Appendix | Alternative Performance Measures (APMs) YTD 2026 Consolidated Revenue €287.9m EBITDA Margin 12.0% Organic Growth on a like-for-like basis and at constant exchange rates +14.6% unaudited figures Sword Group Sword has 4,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age. As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management. Sword optimises your processes and enhances your data. Press Release Windhof - October 22, 2026 YTD 2026 - Consolidated growth: +7.8% - Exchange rate impact: +0.1% - Scope impact: +6.7% - Organic growth: +14.6% Agenda 25/01/27 Publication of Q4 2026 Revenue/10/2 10/03/27 Publication of FY 2026 Revenue
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4 Sword Group - 2, rue d’Arlon L-8399 Windhof - investorrelations@sword-group.lu sword-group.com Market Euronext Paris Compartment B ISIN Code FR0004180578 ICB 9530 Software & Computer Services Indices CAC® Small CAC® Mid & Small CAC® All-Tradable EN TECH Leaders The press release will be published on the web sites hereafter: GlobeNewswire/Notified and Sword Group. It was also sent to the “Commission de Surveillance du Secteur Financier (CSSF)” and saved on the Luxembourg Stock Exchange’s website. 3. Backlog or order book Definition: A forward-looking operational indicator measuring the Group’s future business activity, expressed as a number of months of activity coverage. This indicator is an alternative performance measure that is not directly derived from the financial statements prepared in accordance with IFRS. Methodology: Backlog is calculated by comparing the volume of firm or expected orders not yet recognised as revenue with the budgeted revenue remaining to be generated over the financial year, after deducting revenue already generated. It includes: signed orders (weighted at 100%); verbal commitments (weighted at 80%); tenders being awarded with a shortlist (weighted at 50%). Link: Backlog is calculated from the Group’s internal commercial and operational data. It is not an accounting aggregate defined by IFRS and is not directly derived from the consolidated financial statements. Usefulness: This indicator makes it possible to assess the Group’s commercial visibility, the level of coverage of future activity and the Group’s ability to sustain its level of activity in the short and medium term. [4/4] Appendix | Alternative Performance Measures (APMs) YTD 2026 Consolidated Revenue €287.9m EBITDA Margin 12.0% Organic Growth on a like-for-like basis and at constant exchange rates +14.6% unaudited figures Press Release Windhof - October 22, 2026 Sword Group Sword has 4,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age. As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management. Sword optimises your processes and enhances your data. Agenda 25/01/27 Publication of Q4 2026 Revenue/10/2 10/03/27 Publication of FY 2026 Revenue