Slides
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October 22, 2026 Q3 2026 Presentation
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Highlights – Q3 2026 Revenue (IFRS) of NOK 9.9 billion Up 16.9% from last year Up 27.5% in constant currency Net profit of NOK 279 million Up 23.4% from last year Gross sales of NOK 13.9 billion Up 12.6% from last year Up 21.7% in constant currency EBIT of NOK 405 million Up 16.5% from last year EBIT
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CURRENCY: MNOK Q3 2026 Q3 2025 Growth Hardware 7,340 5,873 25.0% Software/Cloud 4,130 3,996 3.3% Services 2,387 2,432 -1.9% Gross sales 13,857 12,302 12.6% Revenue (IFRS) 9,860 8,433 16.9% Gross profit 2,564 2,514 2.0% Operating expenses 2,159 2,166 -0.3% EBIT 405 348 16.5% Net profit after tax 279 226 23.4% • Rapid growth in sales and profitability driven by high demand for hardware • Organic sales growth in constant currency* of 21.7% Income statement – Q3 2026 ** Currency fluctuations impact sales growth on a Group level by -7.5% in Q3 2026
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% Gross sales Q3 2026 Q3 2026 Q3 2025 Growth% Q3 2026 Q3 2025 Growth% Norway, NOK 25 % 3,594 3,093 16.2 % 140.7 122.8 14.6 % Sweden, SEK 40 % 5,636 4,561 23.6 % 173.9 153.9 13.0 % Denmark, DKK 22 % 2,088 1,768 18.1 % 17.8 15.1 17.8 % Finland, EUR 8 % 108 96 12.9 % 2.5 1.7 50.5 % Baltics, EUR 5 % 63 46 35.9 % 2.4 2.2 6.4 % Group Functions, NOK -212 -100 N/A 14.2 -7.9 N/A Atea Group, NOK* 100% 13,857 12,302 12.6% 405.1 347.8 16.5% Currency: Local in million Gross sales EBIT • Higher EBIT based on very strong sales performance across all countries Business unit performance – Q3 2026 ** Currency fluctuations impact sales growth on a Group level by -7.5% in Q3 2026
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-1,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500 Q1 Q2 Q3 Q4 NOK in million 2021 2022 2023 2024 2025 2026 Cash flow from operations – Q3 2026 Cash flow from operations was an inflow of NOK 143 million • Cash flow in 1H 2026 was impacted by inventory purchases to secure deliveries amid supply constraints • Atea reduced inventory levels during Q3 2026, and further reductions are expected by year-end
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CURRENCY: MNOK 30 Sep 2026 30 Sep 2025 Interest-bearing liabilities -1,933 -1,345 Cash and cash equivalents 583 907 Net financial position* -1,349 -438 EBITDA - rolling 4 Q* 2,444 2,023 Net debt / EBITDA, end of quarter (ratio) 0.6 0.2 Loan covenant: - Maximum Net Debt / EBITDA ratio 2.5 2.5 - Maximum Net Debt balance 6,110 5,057 Gap between Net Debt and Loan Covenant 4,761 4,620 Net debt of NOK 1,349 million Net debt / EBITDA ratio of 0.6 Net financial position * Net financial position and rolling 4 quarter EBITDA as defined in Atea's loan covenants See Note 12 in Interim Financial Statements for further definition
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Key growth drivers in 2026 and following years Defense spending IT security & data protection Hardware price increases AI opportunities
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IT investment within the defense sector is growing at a rapid pace, with increased public spending on national security Atea is a leading IT supplier for all major defense departments in the Nordic and Baltic countries Going forward: • Atea will onboard new agreements with the NATO Communications and Information Agency (NCIA), expanding its defense sector business beyond the Nordics and Baltics Defense spending
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AI Opportunities Organizations are investing in AI solutions to derive greater value from their information, automate processes and enhance productivity in daily work Going forward: • AI adoption expands to more advanced agentic workloads, significantly increasing demand for computing resources in the cloud, in on-premise data centers, and on workplace devices • This will drive higher IT infrastructure spending for years to come, across hardware, software and cloud subscriptions, as well as consulting, technical deployment and managed services
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IT security & Data protection IT security has become a top investment priority as threats of cyberattacks and data breaches continue to grow Going forward: • Advances in AI are making the IT security threat landscape much more challenging, as attack techniques become faster, cheaper, more scalable and increasingly autonomous • Geopolitical tensions and regulatory requirements are increasing the importance of data sovereignty • Organizations will require increased investment in IT security solutions and infrastructure upgrades to defend against AI-enabled cyberattacks and to protect sensitive data
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Hardware price increases Global demand for memory and processor components has risen sharply, resulting in high price inflation across nearly all categories of IT hardware Atea has passed higher prices through to its end customers, contributing to sales growth in 2026 Going forward: • Major vendors have indicated that prices will continue to increase through 2027, although at a more predictable pace than in 2026 • Many forecasts suggest that hardware price inflation will not flatten until 2030 or later
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Net profit of NOK 886 million Up 62.6% from last year EBIT of NOK 1,201 million Up 33.9% from last year EBIT Revenue (IFRS) of NOK 29.9 billion Up 14.6% from last year Up 20.5% in constant currency Summary – YTD 2026 Gross sales of NOK 47.5 billion Up 12.2% from last year Up 17.4% in constant currency * EBIT and Net profit include gain of MNOK 152 from partial sale of AppXite SIA in Q1 2026
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Strong sales and EBIT growth through 2027, as enterprise customers invest in digital transformation and as Atea captures market share Business Outlook 2026 Outlook • Organic sales growth in constant currency of 17.4% in YTD 2026 • Slower constant currency growth in Q4, with some customers facing budget limitations at year-end • 2026 EBIT* of NOK 1,710 - 1,745 million 2027 Outlook • Growth to remain robust • Continued strong demand for IT, driven by similar key growth factors as in 2026 • Scaling of operating expenses with sales growth drives higher EBIT margin * EBIT includes gain of MNOK 152 from partial sale of AppXite SIA in Q1 2026
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Fact pack October 22, 2026 Q3 2026 Presentation
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Q3 Q3 YTD YTD Full year NOK in million 2026 2025 2026 2025 2025 Gross sales 13,857 12,302 47,512 42,340 60,167 Revenue 9,860 8,433 29,937 26,124 37,376 Gross profit 2,564 2,514 8,281 7,972 11,059 EBIT 405 348 1,201 897 1,377 EBIT margin (%) 4.1% 4.1% 4.0% 3.4% 3.7% Net profit 279 226 886 545 878 Earnings per share (NOK) 2.50 2.03 7.95 4.89 7.87 Diluted earnings per share (NOK) 2.46 2.00 7.83 4.82 7.73 Cash flow from operations 143 220 -1,031 -772 1,204 Free cash flow 77 136 -1,325 -1,065 786 30 Sep 2026 30 Sep 2025 31 Dec 2025 Net financial position -1,349 -438 975 Liquidity reserve 4,761 4,620 6,366 Working capital 393 -707 -2,111 Working capital in relation to last 12 months gross sales (%) 0.0% -1.2% -3.5% Adjusted equity ratio (%) 24.5% 26.8% 22.9% Number of full-time employees, end of period 8,069 8,039 8,165 Highlights – Group
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NOK in million 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS Property, plant and equipment 536 531 563 Right-of-use assets 1,357 1,447 1,396 Deferred tax assets 139 212 126 Goodwill 4,217 4,475 4,526 Other intangible assets 698 729 753 Investment in associated companies 72 0 0 Other long-term receivables 213 186 173 Non-current assets 7,233 7,580 7,537 Inventories 2,038 1,037 974 Trade receivables 5,617 4,549 8,721 Other receivables 2,867 2,934 2,515 Cash and cash equivalents 583 907 1,594 Current assets 11,106 9,427 13,804 Total assets 18,339 17,007 21,341 EQUITY AND LIABILITIES Share capital and premium 681 681 680 Other reserves 1,622 1,988 2,061 Retained earnings 1,834 1,483 1,800 Equity 4,136 4,152 4,541 Interest-bearing long-term liabilities 588 588 588 Long-term leasing liabilities 1,125 1,175 1,126 Other long-term liabilities 158 195 185 Deferred tax liabilities 155 170 174 Non-current liabilities 2,026 2,127 2,072 Trade payables 5,822 5,249 9,670 Interest-bearing current liabilities 1,297 730 4 Current leasing liabilities 423 475 470 Tax payable 258 221 48 Provisions 111 53 75 Dividend payable 418 390 - Other current liabilities 3,847 3,608 4,460 Current liabilities 12,177 10,727 14,728 Total liabilities 14,203 12,854 16,800 Total equity and liabilities 18,339 17,007 21,341 Consolidated statement of financial position – Group
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FTEs, end of period 30 Sep 2026 30 Sep 2025 Norway 1,805 1,787 Sweden 2,591 2,607 Denmark 1,518 1,428 Finland 572 569 Baltics 760 775 Logistics 309 285 Atea Global Services 504 519 Atea ASA 10 9 AppXite* 0 60 Atea Group 8,069 8,039 Full-time employees – Group * The majority of AppXite shares were sold in Q1 2026
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Norway 2,100.2 2,133.3 2,215.7 2,947.2 2,517.8 2,475.8 2,478.6 Sweden 3,217.3 3,535.3 3,267.7 4,230.8 3,749.9 4,273.0 3,903.1 Denmark 1,999.5 2,048.4 1,796.6 2,481.1 2,110.7 2,264.6 2,196.8 Finland 850.5 959.2 759.4 968.8 882.0 972.0 853.0 The Baltics 428.4 507.5 445.4 731.5 454.3 522.4 543.8 Group Shared Services 2,528.8 2,907.9 2,964.1 3,770.2 3,135.9 3,815.0 3,823.6 Eliminations -2,571.6 -2,953.0 -3,016.3 -3,877.5 -3,196.3 -3,899.8 -3,938.7 Revenue group total 8,553.0 9,138.5 8,432.6 11,252.0 9,654.4 10,422.9 9,860.2 Norway 73.1 108.3 122.8 156.3 91.1 108.5 140.7 Sweden 190.4 132.5 163.3 222.5 198.2 156.6 171.5 Denmark 0.0 16.5 23.5 56.6 9.8 20.9 25.4 Finland 23.2 30.1 19.6 29.5 23.2 32.7 27.2 The Baltics 17.5 20.6 26.4 47.6 19.6 23.1 26.1 Group Shared Services 8.9 3.6 26.7 12.2 15.8 25.3 47.7 Operating profit before group cost (EBIT) 313.1 311.5 382.3 524.5 357.8 367.1 438.6 Group cost -32.2 -43.2 -34.5 -44.2 118.3 -47.4 -33.5 Operating profit (EBIT) 280.9 268.3 347.8 480.3 476.0 319.7 405.1 Financial income 27.6 19.2 19.5 16.3 18.0 -4.1 3.2 Financial expenses 99.3 84.9 75.5 59.6 33.7 32.7 46.3 Net financial items -71.8 -65.7 -56.0 -43.3 -15.7 -36.7 -43.1 Profit before taxes (EBT) 209.1 202.6 291.7 437.0 460.4 283.0 362.1 Tax 47.1 45.7 65.8 104.2 70.9 65.2 83.3 Profit for the period 162.0 156.9 225.9 332.8 389.5 217.8 278.8 Financial performance actual – Segment
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Norway 2,100.2 2,133.3 2,215.7 2,947.2 2,517.8 2,475.8 2,478.6 Sweden 3,217.3 3,535.3 3,267.7 4,230.8 3,749.9 4,273.0 3,903.1 Denmark 1,999.5 2,048.4 1,796.6 2,481.1 2,110.7 2,264.6 2,196.8 Finland 850.5 959.2 759.4 968.8 882.0 972.0 853.0 The Baltics 428.4 507.5 445.4 731.5 454.3 522.4 543.8 Group Shared Services 2,528.8 2,907.9 2,964.1 3,770.2 3,135.9 3,815.0 3,823.6 Eliminations -2,571.6 -2,953.0 -3,016.3 -3,877.5 -3,196.3 -3,899.8 -3,938.7 Revenue group total 8,553.0 9,138.5 8,432.6 11,252.0 9,654.4 10,422.9 9,860.2 Norway 73.1 108.3 122.8 156.3 91.1 108.5 140.7 Sweden 190.4 132.5 163.3 222.5 198.2 156.6 171.5 Denmark 0.0 16.5 23.5 56.6 9.8 20.9 25.4 Finland 23.2 30.1 19.6 29.5 23.2 32.7 27.2 The Baltics 17.5 20.6 26.4 47.6 19.6 23.1 26.1 Group Shared Services 8.9 3.6 26.7 12.2 15.8 25.3 47.7 Operating profit before group cost (EBIT) 313.1 311.5 382.3 524.5 357.8 367.1 438.6 Group cost -32.2 -43.2 -34.5 -44.2 118.3 -47.4 -33.5 Operating profit (EBIT) 280.9 268.3 347.8 480.3 476.0 319.7 405.1 Financial income 27.6 19.2 19.5 16.3 18.0 -4.1 3.2 Financial expenses 99.3 84.9 75.5 59.6 33.7 32.7 46.3 Net financial items -71.8 -65.7 -56.0 -43.3 -15.7 -36.7 -43.1 Profit before taxes (EBT) 209.1 202.6 291.7 437.0 460.4 283.0 362.1 Tax 47.1 45.7 65.8 104.2 70.9 65.2 83.3 Profit for the period 162.0 156.9 225.9 332.8 389.5 217.8 278.8 Financial performance pro forma – Segment
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Hardware 5,752.8 6,245.5 5,873.4 8,102.7 6,837.7 7,570.9 7,339.6 Software/Cloud 4,869.7 7,672.5 3,996.3 6,626.6 5,311.8 8,569.1 4,130.0 Product sales 10,622.4 13,918.0 9,869.7 14,729.3 12,149.5 16,140.0 11,469.6 Services sales 2,648.4 2,849.4 2,432.4 3,097.8 2,649.8 2,715.7 2,387.3 Gross sales 13,270.9 16,767.4 12,302.1 17,827.1 14,799.3 18,855.8 13,856.8 Hardware margin (%) 13.0% 13.0% 13.4% 13.0% 12.9% 13.1% 12.4% Software/Cloud margin (%) 7.9% 5.0% 8.0% 6.2% 8.0% 5.2% 8.5% Product margin (%) 10.6% 8.6% 11.2% 10.0% 10.7% 8.9% 11.0% Services margin (%) 58.7% 55.5% 57.7% 52.2% 58.1% 52.9% 54.6% Gross sales margin (%) 20.2% 16.6% 20.4% 17.3% 19.2% 15.2% 18.5% Hardware 5,752.8 6,245.5 5,873.4 8,102.7 6,837.7 7,570.9 7,339.6 Software/Cloud 383.1 381.2 320.5 413.5 422.7 448.0 349.0 Product revenue 6,135.9 6,626.7 6,193.9 8,516.2 7,260.4 8,018.9 7,688.6 Services revenue 2,417.1 2,511.8 2,238.7 2,735.9 2,394.0 2,403.9 2,171.6 Revenue 8,553.0 9,138.5 8,432.6 11,252.0 9,654.4 10,422.9 9,860.2 Hardware 745.5 813.2 789.0 1,055.5 879.9 989.6 911.0 Software/Cloud 383.1 381.2 320.5 413.5 422.7 448.0 349.0 Product gross profit 1,128.6 1,194.4 1,109.5 1,468.9 1,302.5 1,437.5 1,260.0 Services gross profit 1,553.5 1,581.5 1,404.4 1,617.8 1,540.8 1,435.3 1,304.5 Total gross profit 2,682.1 2,775.9 2,513.9 3,086.8 2,843.4 2,872.8 2,564.5 Payroll and related costs 1,994.0 2,071.4 1,756.5 2,142.2 2,092.4 2,118.4 1,748.8 Other operating costs 219.6 242.1 212.9 263.7 233.0 246.9 229.8 Depreciation of ROU, leasing 103.7 108.1 111.5 111.8 108.6 107.2 105.7 Depreciation of other assets 81.3 83.5 82.8 86.5 83.2 78.6 73.1 Amortization of acquired intangibles 2.6 2.5 2.5 2.3 2.1 2.0 2.0 Total operating expenses 2,401.2 2,507.6 2,166.2 2,606.4 2,519.3 2,553.1 2,159.3 EBIT (adjusted) 280.9 268.3 347.8 480.3 324.1 319.7 405.1 Gains arising from the derecognition of subsidiary - - - - 151.9 - - Operating profit (EBIT) 280.9 268.3 347.8 480.3 476.0 319.7 405.1 EBIT (%) 3.3% 2.9% 4.1% 4.3% 4.9% 3.1% 4.1% Income statement actual – Group (NOK million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Hardware 5,752.8 6,245.5 5,873.4 8,102.7 6,837.7 7,570.9 7,339.6 Software/Cloud 4,869.7 7,672.5 3,996.3 6,626.6 5,311.8 8,569.1 4,130.0 Product sales 10,622.4 13,918.0 9,869.7 14,729.3 12,149.5 16,140.0 11,469.6 Services sales 2,648.4 2,849.4 2,432.4 3,097.8 2,649.8 2,715.7 2,387.3 Gross sales 13,270.9 16,767.4 12,302.1 17,827.1 14,799.3 18,855.8 13,856.8 Hardware margin (%) 13.0% 13.0% 13.4% 13.0% 12.9% 13.1% 12.4% Software/Cloud margin (%) 7.9% 5.0% 8.0% 6.2% 8.0% 5.2% 8.5% Product margin (%) 10.6% 8.6% 11.2% 10.0% 10.7% 8.9% 11.0% Services margin (%) 58.7% 55.5% 57.7% 52.2% 58.1% 52.9% 54.6% Gross sales margin (%) 20.2% 16.6% 20.4% 17.3% 19.2% 15.2% 18.5% Hardware 5,752.8 6,245.5 5,873.4 8,102.7 6,837.7 7,570.9 7,339.6 Software/Cloud 383.1 381.2 320.5 413.5 422.7 448.0 349.0 Product revenue 6,135.9 6,626.7 6,193.9 8,516.2 7,260.4 8,018.9 7,688.6 Services revenue 2,417.1 2,511.8 2,238.7 2,735.9 2,394.0 2,403.9 2,171.6 Revenue 8,553.0 9,138.5 8,432.6 11,252.0 9,654.4 10,422.9 9,860.2 Hardware 745.5 813.2 789.0 1,055.5 879.9 989.6 911.0 Software/Cloud 383.1 381.2 320.5 413.5 422.7 448.0 349.0 Product gross profit 1,128.6 1,194.4 1,109.5 1,468.9 1,302.5 1,437.5 1,260.0 Services gross profit 1,553.5 1,581.5 1,404.4 1,617.8 1,540.8 1,435.3 1,304.5 Total gross profit 2,682.1 2,775.9 2,513.9 3,086.8 2,843.4 2,872.8 2,564.5 Payroll and related costs 1,994.0 2,071.4 1,756.5 2,142.2 2,092.4 2,118.4 1,748.8 Other operating costs 219.6 242.1 212.9 263.7 233.0 246.9 229.8 Depreciation of ROU, leasing 103.7 108.1 111.5 111.8 108.6 107.2 105.7 Depreciation of other assets 81.3 83.5 82.8 86.5 83.2 78.6 73.1 Amortization of acquired intangibles 2.6 2.5 2.5 2.3 2.1 2.0 2.0 Total operating expenses 2,401.2 2,507.6 2,166.2 2,606.4 2,519.3 2,553.1 2,159.3 EBIT (adjusted) 280.9 268.3 347.8 480.3 324.1 319.7 405.1 Gains arising from the derecognition of subsidiary - - - - 151.9 - - Operating profit (EBIT) 280.9 268.3 347.8 480.3 476.0 319.7 405.1 EBIT (%) 3.3% 2.9% 4.1% 4.3% 4.9% 3.1% 4.1% Income statement pro forma – Group (NOK million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 2,427.0 2,538.2 2,442.4 3,831.4 2,955.8 3,330.6 2,926.4 Services sales 689.9 694.4 650.4 736.0 717.1 741.4 667.4 Gross sales 3,116.9 3,232.7 3,092.7 4,567.4 3,672.9 4,072.0 3,593.8 Product margin (%) 11.3% 11.4% 10.8% 9.6% 10.4% 9.3% 9.9% Services margin (%) 66.1% 64.7% 64.4% 64.2% 65.1% 63.4% 64.6% Gross sales margin (%) 23.4% 22.8% 22.0% 18.4% 21.1% 19.1% 20.1% Product revenue 1,454.1 1,502.9 1,612.5 2,272.9 1,858.1 1,800.7 1,839.5 Services revenue 646.1 630.4 603.2 674.3 659.8 675.0 639.1 Revenue 2,100.2 2,133.3 2,215.7 2,947.2 2,517.8 2,475.8 2,478.6 Product gross profit 273.8 289.1 262.8 368.3 307.1 309.3 290.8 Services gross profit 455.7 449.3 419.1 472.2 466.9 469.8 431.0 Total gross profit 729.4 738.5 681.9 840.5 774.0 779.1 721.8 Payroll and other operating expenses 621.5 595.9 523.4 647.6 646.9 633.6 544.0 Depreciation and amortization 34.9 34.3 35.7 36.6 36.0 37.1 37.1 Total operating expenses 656.4 630.2 559.1 684.2 682.9 670.7 581.1 Operating profit (EBIT) 73.1 108.3 122.8 156.3 91.1 108.5 140.7 EBIT (%) 3.5% 5.1% 5.5% 5.3% 3.6% 4.4% 5.7% Income statement actual – Norway (NOK million)
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SEK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 4,540.8 5,580.4 3,693.8 5,759.3 5,019.5 6,727.8 4,735.1 Services sales 957.2 1,016.1 867.2 1,118.1 966.0 1,022.3 900.5 Gross sales 5,498.0 6,596.6 4,561.0 6,877.4 5,985.5 7,750.2 5,635.6 Product margin (%) 9.5% 8.5% 10.9% 8.7% 9.7% 8.6% 10.1% Services margin (%) 55.2% 51.8% 50.8% 47.4% 51.7% 46.5% 46.9% Gross sales margin (%) 17.4% 15.2% 18.5% 15.0% 16.5% 13.6% 16.0% Product revenue 2,218.0 2,373.1 2,276.2 2,890.7 2,666.8 3,286.9 3,148.0 Services revenue 881.1 944.7 803.3 1,051.5 860.3 955.6 818.9 Revenue 3,099.1 3,317.8 3,079.5 3,942.2 3,527.1 4,242.5 3,966.9 Product gross profit 430.4 476.4 401.7 503.2 487.8 576.3 478.3 Services gross profit 528.2 526.2 440.4 529.4 499.2 475.0 421.9 Total gross profit 958.7 1,002.5 842.1 1,032.6 987.0 1,051.3 900.2 Payroll and other operating expenses 729.7 831.3 642.8 781.2 755.2 848.6 679.4 Depreciation and amortization 45.3 46.2 45.3 44.6 44.5 47.0 46.9 Total operating expenses 775.0 877.5 688.2 825.8 799.7 895.6 726.3 Operating profit (EBIT) 183.6 125.0 153.9 206.8 187.3 155.7 173.9 EBIT (%) 5.9% 3.8% 5.0% 5.2% 5.3% 3.7% 4.4% Income statement actual – Sweden (SEK million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 4,704.9 5,941.3 3,918.7 6,189.7 5,349.2 6,766.4 4,664.3 Services sales 993.9 1,083.0 920.0 1,199.7 1,026.0 1,029.0 885.3 Gross sales 5,698.8 7,024.3 4,838.7 7,389.4 6,375.3 7,795.5 5,549.6 Product margin (%) 9.5% 8.5% 10.9% 8.7% 9.7% 8.6% 10.1% Services margin (%) 55.2% 51.8% 50.8% 47.3% 51.8% 46.4% 46.8% Gross sales margin (%) 17.5% 15.2% 18.5% 15.0% 16.5% 13.6% 15.9% Product revenue 2,302.1 2,528.4 2,415.6 3,102.6 2,836.3 3,311.2 3,098.2 Services revenue 915.2 1,006.9 852.2 1,128.2 913.6 961.8 804.9 Revenue 3,217.3 3,535.3 3,267.7 4,230.8 3,749.9 4,273.0 3,903.1 Product gross profit 446.5 507.2 426.2 540.6 518.6 580.2 470.7 Services gross profit 548.2 560.7 467.3 567.6 531.0 478.0 414.1 Total gross profit 994.6 1,067.9 893.5 1,108.3 1,049.5 1,058.1 884.8 Payroll and other operating expenses 757.3 886.2 682.1 837.9 804.0 854.3 667.1 Depreciation and amortization 47.0 49.2 48.1 47.9 47.4 47.3 46.2 Total operating expenses 804.3 935.4 730.2 885.8 851.3 901.6 713.3 Operating profit (EBIT) 190.4 132.5 163.3 222.5 198.2 156.6 171.5 EBIT (%) 5.9% 3.7% 5.0% 5.3% 5.3% 3.7% 4.4% Income statement actual – Sweden (NOK million)
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DKK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 1,439.1 2,521.3 1,398.3 1,888.0 1,560.1 3,071.6 1,699.7 Services sales 416.0 505.0 370.2 506.0 406.0 439.2 388.7 Gross sales 1,855.1 3,026.3 1,768.5 2,394.0 1,966.2 3,510.8 2,088.4 Product margin (%) 8.4% 4.2% 8.8% 8.6% 8.7% 5.7% 8.9% Services margin (%) 50.7% 44.8% 53.8% 42.9% 54.4% 46.1% 49.4% Gross sales margin (%) 17.9% 11.0% 18.2% 15.9% 18.1% 10.8% 16.4% Product revenue 902.2 908.4 794.2 1,170.7 1,011.4 1,186.6 1,155.2 Services revenue 377.8 400.9 343.2 405.5 373.6 357.4 348.0 Revenue 1,280.0 1,309.3 1,137.4 1,576.1 1,385.0 1,544.0 1,503.1 Product gross profit 120.8 105.7 123.5 163.0 135.5 175.5 151.5 Services gross profit 211.0 226.5 199.1 216.8 221.0 202.3 191.8 Total gross profit 331.9 332.2 322.6 379.8 356.5 377.8 343.3 Payroll and other operating expenses 301.9 290.9 275.8 312.7 318.2 333.1 295.1 Depreciation and amortization 29.8 30.5 31.6 31.5 31.0 30.7 30.4 Total operating expenses 331.7 321.5 307.4 344.2 349.2 363.8 325.5 Operating profit (EBIT) 0.2 10.7 15.1 35.6 7.3 14.0 17.8 EBIT (%) 0.0% 0.8% 1.3% 2.3% 0.5% 0.9% 1.2% Income statement actual – Denmark (DKK million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 2,247.6 3,949.1 2,211.0 2,972.6 2,379.5 4,516.3 2,487.8 Services sales 649.1 789.0 584.3 796.1 617.0 644.2 568.0 Gross sales 2,896.6 4,738.0 2,795.3 3,768.7 2,996.5 5,160.5 3,055.8 Product margin (%) 8.4% 4.2% 8.8% 8.6% 8.7% 5.7% 8.9% Services margin (%) 50.7% 44.9% 53.8% 42.9% 54.4% 46.0% 49.3% Gross sales margin (%) 17.9% 11.0% 18.2% 15.9% 18.1% 10.7% 16.4% Product revenue 1,409.9 1,421.4 1,254.7 1,843.0 1,542.9 1,740.4 1,688.0 Services revenue 589.6 627.0 542.0 638.1 567.8 524.2 508.8 Revenue 1,999.5 2,048.4 1,796.6 2,481.1 2,110.7 2,264.6 2,196.8 Product gross profit 188.6 165.5 194.8 256.7 206.2 257.5 221.1 Services gross profit 329.4 353.9 314.3 341.3 335.7 296.6 280.2 Total gross profit 518.0 519.4 509.1 598.0 541.9 554.1 501.3 Payroll and other operating expenses 471.5 455.2 435.6 491.8 484.9 488.2 431.4 Depreciation and amortization 46.5 47.8 50.0 49.6 47.2 44.9 44.5 Total operating expenses 518.0 503.0 485.6 541.4 532.1 533.2 475.9 Operating profit (EBIT) 0.0 16.5 23.5 56.6 9.8 20.9 25.4 EBIT (%) 0.0% 0.8% 1.3% 2.3% 0.5% 0.9% 1.2% Income statement actual – Denmark (NOK million)
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EUR in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 81.6 93.4 83.1 97.3 96.8 105.7 95.1 Services sales 14.6 13.6 12.7 15.4 12.9 13.3 13.0 Gross sales 96.2 107.0 95.8 112.7 109.8 119.0 108.1 Product margin (%) 11.4% 10.7% 9.3% 10.1% 10.9% 11.2% 10.0% Services margin (%) 53.0% 51.7% 50.3% 55.5% 56.3% 51.5% 52.7% Gross sales margin (%) 17.8% 15.9% 14.8% 16.4% 16.3% 15.7% 15.2% Product revenue 60.9 70.5 53.6 69.0 66.6 77.7 67.1 Services revenue 12.1 11.7 10.8 13.4 11.0 11.1 11.0 Revenue 73.1 82.2 64.4 82.4 77.6 88.8 78.1 Product gross profit 9.3 10.0 7.7 9.9 10.6 11.8 9.6 Services gross profit 7.7 7.0 6.4 8.6 7.3 6.9 6.9 Total gross profit 17.1 17.0 14.1 18.4 17.9 18.7 16.4 Payroll and other operating expenses 14.3 13.6 11.6 15.0 15.0 14.9 13.1 Depreciation and amortization 0.7 0.9 0.9 0.9 0.8 0.8 0.8 Total operating expenses 15.1 14.4 12.5 15.9 15.8 15.7 13.9 Operating profit (EBIT) 2.0 2.6 1.7 2.5 2.1 3.0 2.5 EBIT (%) 2.7% 3.1% 2.6% 3.0% 2.7% 3.4% 3.2% Income statement actual – Finland (EUR million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 950.2 1,088.5 980.6 1,144.7 1,101.6 1,156.0 1,041.1 Services sales 169.9 158.7 150.1 181.5 147.0 145.8 142.0 Gross sales 1,120.1 1,247.2 1,130.7 1,326.2 1,248.6 1,301.8 1,183.1 Product margin (%) 11.4% 10.7% 9.3% 10.1% 10.9% 11.2% 10.0% Services margin (%) 53.0% 51.7% 50.2% 55.5% 56.3% 51.5% 52.6% Gross sales margin (%) 17.8% 15.9% 14.7% 16.3% 16.3% 15.7% 15.1% Product revenue 709.4 822.2 631.9 811.5 757.1 850.5 733.5 Services revenue 141.1 137.0 127.5 157.3 125.0 121.5 119.5 Revenue 850.5 959.2 759.4 968.8 882.0 972.0 853.0 Product gross profit 108.7 116.5 91.2 116.0 120.3 129.4 104.4 Services gross profit 90.1 82.1 75.4 100.8 82.8 75.1 74.7 Total gross profit 198.8 198.6 166.6 216.8 203.1 204.4 179.1 Payroll and other operating expenses 166.9 158.5 136.3 176.7 170.7 162.8 142.6 Depreciation and amortization 8.7 10.0 10.7 10.7 9.1 8.9 9.2 Total operating expenses 175.6 168.5 147.0 187.4 179.8 171.7 151.8 Operating profit (EBIT) 23.2 30.1 19.6 29.5 23.2 32.7 27.2 EBIT (%) 2.7% 3.1% 2.6% 3.0% 2.6% 3.4% 3.2% Income statement actual – Finland (NOK million)
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EUR in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 29.1 36.2 31.6 57.6 39.5 40.9 46.8 Services sales 15.6 15.1 14.6 19.2 16.3 19.0 15.9 Gross sales 44.7 51.3 46.2 76.8 55.8 59.9 62.8 Product margin (%) 12.4% 9.9% 12.0% 13.3% 11.7% 12.3% 11.4% Services margin (%) 61.7% 68.3% 66.6% 52.4% 60.2% 54.6% 55.4% Gross sales margin (%) 29.6% 27.1% 29.3% 23.1% 25.8% 25.7% 22.6% Product revenue 22.9 29.7 24.4 46.9 25.1 31.9 36.2 Services revenue 13.9 13.9 13.4 15.3 14.9 15.8 13.6 Revenue 36.8 43.6 37.8 62.1 40.0 47.7 49.8 Product gross profit 3.6 3.6 3.8 7.7 4.6 5.0 5.3 Services gross profit 9.6 10.3 9.7 10.1 9.8 10.4 8.8 Total gross profit 13.2 13.9 13.5 17.7 14.4 15.4 14.2 Payroll and other operating expenses 10.0 10.3 9.6 12.1 10.9 11.5 10.4 Depreciation and amortization 1.7 1.8 1.7 1.6 1.8 1.8 1.4 Total operating expenses 11.7 12.1 11.3 13.7 12.7 13.3 11.8 Operating profit (EBIT) 1.5 1.8 2.2 4.0 1.7 2.1 2.4 EBIT (%) 4.1% 4.1% 5.9% 6.5% 4.3% 4.4% 4.8% Income statement actual – Baltic (EUR million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 339.8 421.3 372.3 678.7 450.1 447.4 512.5 Services sales 181.9 176.4 172.0 226.0 185.1 208.0 174.5 Gross sales 521.7 597.7 544.3 904.7 635.1 655.4 687.0 Product margin (%) 12.4% 9.9% 12.0% 13.3% 11.6% 12.3% 11.4% Services margin (%) 61.7% 68.3% 66.6% 52.4% 60.2% 54.6% 55.3% Gross sales margin (%) 29.6% 27.1% 29.3% 23.1% 25.8% 25.8% 22.5% Product revenue 266.9 345.6 287.2 552.1 284.5 349.4 395.0 Services revenue 161.4 162.0 158.2 179.4 169.8 173.0 148.8 Revenue 428.4 507.5 445.4 731.5 454.3 522.4 543.8 Product gross profit 42.0 41.6 44.8 90.3 52.4 55.2 58.3 Services gross profit 112.2 120.5 114.6 118.3 111.4 113.7 96.5 Total gross profit 154.2 162.1 159.4 208.6 163.9 168.8 154.9 Payroll and other operating expenses 116.4 120.7 113.3 142.0 124.2 126.4 113.5 Depreciation and amortization 20.3 20.9 19.7 19.1 20.1 19.3 15.3 Total operating expenses 136.7 141.5 133.0 161.0 144.3 145.7 128.7 Operating profit (EBIT) 17.5 20.6 26.4 47.6 19.6 23.1 26.1 EBIT (%) 4.1% 4.1% 5.9% 6.5% 4.3% 4.4% 4.8% Income statement actual – Baltic (NOK million)
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NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Product sales 2,230.6 2,595.5 2,642.6 3,437.0 2,797.6 3,449.3 3,465.6 Services sales 322.7 339.6 346.7 363.8 351.0 365.7 358.1 Gross sales 2,553.4 2,935.0 2,989.3 3,800.7 3,148.6 3,815.0 3,823.6 Product margin (%) 1.8% 2.0% 2.1% 1.8% 2.2% 1.8% 1.8% Services margin (%) 77.3% 74.0% 75.4% 73.0% 72.0% 71.1% 72.6% Gross sales margin (%) 11.4% 10.3% 10.6% 8.6% 10.0% 8.5% 8.4% Product revenue 2,206.1 2,568.3 2,617.4 3,406.4 2,784.9 3,449.3 3,465.6 Services revenue 322.7 339.6 346.7 363.8 351.0 365.7 358.1 Revenue 2,528.8 2,907.9 2,964.1 3,770.2 3,135.9 3,815.0 3,823.6 Product gross profit 40.5 52.1 54.9 61.9 60.6 62.3 61.4 Services gross profit 249.4 251.4 261.5 265.4 252.8 260.1 259.9 Total gross profit 289.9 303.5 316.5 327.3 313.4 322.4 321.3 Payroll and other operating expenses 251.0 267.9 257.2 278.5 263.6 267.0 245.3 Depreciation and amortization 30.1 31.9 32.6 36.6 34.0 30.1 28.4 Total operating expenses 281.1 299.8 289.8 315.1 297.6 297.1 273.7 Operating profit (EBIT) 8.9 3.6 26.7 12.2 15.8 25.3 47.7 EBIT (%) 0.4% 0.1% 0.9% 0.3% 0.5% 0.7% 1.2% Income statement actual – Group Shared Services* (MNOK) * Atea Logistics, Atea Global Services, Atea Group Functions, AppXite and Securitization SPV