Interim report
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Kvartalsrapport 2026 Quarterly report Q2 2026
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Profit before tax (MNOK) 196 (201) Earnings per share (NOK) 1.49 (1.56) Operating income (MNOK) 3 345 (2 929) Quarterly report | Q2 2026 2 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Quarterly and Half-Year summary ■ Sentia has grown revenue and delivered good results in the quarter. ■ The group's revenue in Q2 2026 was MNOK 3 345, against MNOK 2 929 in the same period last year, an increase of 14.2%. Revenue for the first half of 2026 was MNOK 6 540 (5 765), an increase of 13.4%. ■ Operating profit in Q2 was MNOK 156, an increase from MNOK 128 in the same period last year. Operating margin was 4.7% (4.4%). ■ Operating profit for the first half of 2026 was MNOK 300 (231). Operating margin was 4.6% (4.0%). ■ Profit before tax in Q2 was MNOK 196 (201), corresponding to a profit margin of 5.9% (6.9%) for the quarter. ■ For the first half of 2026, profit before tax was MNOK 369 (315), corresponding to a profit margin of 5.6% (5.5%) year to date. ■ Earnings per share in Q2 2026 was NOK 1.49 (1.56). For the first half of 2026, earnings per share was NOK 2.83 (2.44). ■ At the end of Q2 2026, the group had a net positive financial position of MNOK 3 426 (3 036). ■ The group's order backlog at the end of Q2 2026 was NOK 18.5 billion (21.3 billion). ■ In Q2, Sentia entered into a letter of intent to acquire 70% of the shares in Thule Fastighetsutveckling AB. The company specialises in the renovation of buildings (R&M) in Stockholm and had revenue of MSEK 287 in 2025. Completion is planned for 1 October 2026.
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Quarterly report | Q2 2026 3 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information In Norway, HENT has signed a contract with Skygard AS for the second construction phase of the OSL1 data centre at Økern in Oslo. HENT handed over the first phase in April, and the second phase is scheduled for completion in 2027. The data centre segment is growing strongly, and OSL1 is a good example of the kind of ongoing partnership we want to build with our customers. In Sweden, Vestia has progressed to the start of construction on the ice rinks at Kungälv Arena, a new centre for sport, culture and events being built in strategic partnering with Kungälv Municipality. The venue is scheduled for completion in the first half of 2029 and will become an important gathering place for residents across the region. SSEA has also signed an agreement for preparatory works for phase 2 of the Multi-Activity Centre in Gällivare. Both projects were won following a development phase in which we have worked closely with the customer, building trust over time. Good results and strong order intake are important. But for us, how we deliver matters just as much. We build responsibly – to our customers, to society and to the people who do the work. HSE is part of our culture and it is a precondition for being professional in this industry. Everyone should get home safely from every project, every day. That is what we strive for, and what we hold each other accountable for. We enter the second half of the year with a solid foundation and a clear direction. Kind regards, Jan Konrad Jahren CEO From the CEO On the first construction phase of the Government Quarter, both our buildings achieved top BREEAM-NOR scores. We are very proud of that. The second quarter of 2026 was a quarter of high activity, strong order intake and several important new contracts in both Norway and Sweden.
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Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Results Operating income 3 345 2 929 6 540 5 765 11 772 Operating profit before depr. and amort. (EBITDA) 180 155 350 283 683O Operating profit (EBIT) 156 128 300 231 576 Profit before tax (EBT) 196 201 369 315 731 Earnings per share (NOK) 1.49 1.56 2.83 2.44 5.71 EBITDA margin 5.4% 5.3% 5.4% 4.9% 5.8% EBIT margin 4.7% 4.4% 4.6% 4.0% 4.9% EBT margin 5.9% 6.9% 5.6% 5.5% 6.2% Annual revenue growth 14.2% 8.4% 11.8% Financial position Cash flow from operations -316 206 -195 -54 1 015 Interest-bearing receivables and cash equivalents 3 600 3 262 3 600 3 262 4 331 Interest-bearing debt -174 -226 -174 -226 -197 Net financial position 3 426 3 036 3 426 3 036 4 134 Net working capital -3 277 -2 726 -3 277 -2 726 -3 454 Equity 1 423 1 351 1 423 1 351 1 696 Equity ratio 22.2% 22.1% 22.2% 22.1% 24.4% Return on average capital employed (ROACE) 35.9% 28.4% 35.9% 28.4% 34.5% Order backlog Order intake 3 610 6 018 7 295 11 039 13 757 Order backlog 18 545 21 341 18 545 21 341 18 052 HSE Number of employees 1 548 1 468 1 548 1 468 1 516 LTI rate (H-value), rolling 2.9 1.8 2.9 1.8 2.1 Sick leave 4.9% 4.8% 5.2% 4.9% 4.8% Quarterly report | Q2 2026 4 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Key figures
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Quarterly report | Q2 2026 5 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Results for the quarter Sentia delivered a very good result in Q2. Revenue grew by 14.2% from the same period last year. Growth in HENT was almost 6%, while Sentia Sweden showed growth of more than 49% against Q2 2025. Operating profit for the quarter was MNOK 156, against MNOK 128 in the same period last year. In Q2 2025, the result was charged with MNOK 10 related to the IPO. Profit before tax in Q2 was MNOK 196 (201). Net financial items in Q2 were positive at MNOK 40, against MNOK 73 in the same period last year, which at the time included a gain of MNOK 32 from the conversion of synthetic shares. Order intake and order backlog The group's order intake in Q2 was MNOK 3 610 (6 018). Order intake represented 108% of revenue for the quarter. Of the order intake, MNOK 2 412 related to HENT and MNOK 1 198 related to Sentia Sweden. The order backlog remains at a high level, at MNOK 18 545 (21 341). In HENT, the order backlog decreased by 21% in Q2, while in Sweden it increased by 25% during the quarter. Organisation and HSE At the end of the quarter, the group had 1 548 (1 468) employees. Of these, the number of skilled workers was 478 (461). There were a total of 226 (209) female employees, a share of women of 14.6% (14.2%). With an increased workload, the group is actively working to increase recruitment, particularly in Norway. The LTI rate (number of lost-time injuries per million hours worked, 12-month rolling) in Q2 was 2.9 (1.8). The number of injuries resulting in absence was 8 (2) in the quarter. Of these, 0 (1) involved the group's own employees and 8 (1) involved employees of subcontractors. Sick leave for the quarter was 4.9% (4.8%). Q2 and First Half-Year 2026 highlights Sentia generated revenue of NOK 3.3 billion in Q2 2026. Profit before tax was MNOK 196 for the quarter, and earnings per share was NOK 1.49 for the quarter. At the end of Q2, the group had an order backlog of NOK 18.5 billion. Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 Sentia by quarter – operating income MNOK 2 929 2 850 3 157 3 195 3 345 Q2 2026Q1 2026Q4 2205Q3 2025Q2 2025 Sentia – EBT and margin (%) MNOK 201 6,9% 6,6% 7,2% 5,4% 5,9% 189 227 172 196
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Financial position At the end of Q2 2026, the group had a net financial position of MNOK 3 426 (3 036). The decrease from the end of 2025 was MNOK 708. Cash flow from operations was MNOK -316 (206) for the quarter, after tax paid on prior years' results of MNOK 383 in the quarter. In Norway, tax on project results is paid after handover, and HENT handed over several major projects in 2025. Interest on cash and cash equivalents and financial investments was MNOK 43 (40) in the quarter. In Q2, the group repurchased treasury shares for MNOK 34 for use in the group's incentive programmes. The repurchased shares were used in connection with the exercise of options and a new employee share programme. As a result, the group sold treasury shares for MNOK 23 during the quarter. In addition, a directed share issue to employees was carried out, adding MNOK 27 of new equity. Net cash flow in Q2 2026, after payment of dividends of MNOK 552, was MNOK -840 (3 065). Net cash flow in Q2 2025 included the transfer of funds (MNOK 2 893) from a deposit held with Ratos AB into the group's new group cash-pooling arrangement. Dividends in 2025 were paid in Q1, whereas in 2026 they were paid in Q2. The group's cash and cash equivalents were MNOK 3 591 (3 251) at the end of Q2. The group's total assets at the end of the quarter were MNOK 6 422 (6 104). The group has an equity ratio of 22.2% (22.1%). The equity ratio at the end of 2025 was 24.4%. Results for the first half of 2026 Revenue for the first half of 2026 was NOK 6.5 billion, against NOK 5.8 billion in the first half of 2025. At HENT, revenue for the first half of 2026 grew by more than 6%, and at Sentia Sweden revenue growth was more than 42%. Profit before tax for the group in the first half of 2026 was MNOK 369 (MNOK 315), and the profit margin was 5.6% (5.5%). The first half of 2025 result was charged with MNOK 35 related to the IPO process and also included a net gain on synthetic shares of MNOK 12. Total order intake in the first half of the year was MNOK 7 295 (11 039). Sick leave for the half-year was 5.2% (4.9%), and the number of injuries resulting in absence was 14 (6). Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 Sentia year to date – operating income, MNOK 5 765 8 615 11 772 3 195 6 540 Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 Sentia year to date – EBIT and Margin (%) MNOK 315 369 5,5% 5,9% 6,2% 5,4% 5,6% 504 731 172 Quarterly report | Q2 2026 6 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Operating income 2 503 2 365 5 013 4 694 9 404 Operating profit (EBIT) 129 123 261 237 550 Profit before tax (EBT) 161 164 318 308 683 EBIT margin 5.2% 5.2% 5.2% 5.0% 5.8% EBT margin 6.4% 6.9% 6.3% 6.6% 7.3% Cash flow from operations -375 197 -244 -68 970 Order backlog 13 900 17 643 13 900 17 643 14 559 Order intake 2 412 4 429 4 353 9 008 10 634 Quarterly report | Q2 2026 7 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information HENT Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 HENT – Operating income MNOK 2 365 2 312 2 398 2 509 2 503 Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 HENT – EBT and margin (%) MNOK 6,9% 7,4% 8,5% 6,1% 6,4% 164 172 203 154 161 HENT is one of Norway's largest main contractors in the building sector. The company is a nationwide player delivering projects for both public and private developers. Revenue for the quarter was MNOK 2 503 (2 365), an increase of 5.8%. The share of revenue related to public sector customers was 59.8% (66.8%). Profit before tax for the quarter was MNOK 161 (164). The EBT margin for the quarter was 6.4% (6.9%). For the first half of 2026, revenue was MNOK 5 013 (4 694) and profit before tax was MNOK 318 (308). Net order intake for the quarter was MNOK 2 412, against MNOK 4 429 in the same period last year. The largest contract signed in the quarter relates to the construction of Fageråshjemmet in Bergen, with a contract value of MNOK 560. In addition, several larger projects were contracted during the period, including the full rehabilitation of Stenersgata 1 (phase 2), construction of Skygard (phase 2) in Oslo, and rehabilitation of Fagforbundet's office premises in Oslo. All of these are contracts worth more than MNOK 100. HENT has a number of ongoing collaboration agreements for project development (phase 1) which may lead to agreements for project execution (phase 2). In the quarter, an agreement for the development of Basement 2 (K212) in the Government Quarter has been entered into. An initial agreement has also been signed with Nscale for the construction of two more data centres in the Narvik region with a combined capacity of 75 MW. Phase 1 agreements are not included in the order backlog, but are important for obtaining new future construction projects. The order backlog is MNOK 13 900 (MNOK 17 643). The order backlog corresponds to 1.5 times last year's revenue. The number of FTEs at the end of the quarter was 1 354 (1 284), an increase of 70 over the past year. Sick leave was 5.2% (5.1%) for the quarter and 5.6% (5.2%) for the first half of the year.
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What HENT is building now Project: Oslo Spektrum, Spektrumskvartalet HENT has previously signed a design-and- build contract with SK Kontor AS, owned by Nova Spektrum and Aspelin Reitan Property, for the development of the new Oslo Spektrum.The contract comprises two main elements: a 120-metre office building – Oslo's first high-rise over 100 metres since 1985 – and a new congress and cultural arena with capacity for more than 3 000 people. The office building will provide space for more than 1 000 workplaces. The project is being carried out on a challenging site directly adjacent to Norway's largest public transport hub. Work started in spring 2025 and is expected to be completed around the turn of the year 2028–29. Quarterly report | Q2 2026 8 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Sentia Sweden Sentia Sweden consists of the construction companies Vestia, SSEA and Målbygg. Sentia Sweden has a strong local presence and delivers projects throughout Sweden. Several good partnering/development projects (phase 1 agreements) signed in 2024 drove strong production growth in 2025, which has continued into 2026. Revenue for the quarter was MNOK 842 (563), a revenue growth of 49.6%. Profit before tax for the quarter was MNOK 39 (23). The EBT margin for the quarter was 4.6% (4.1%). Total revenue for the first half of 2026 was MNOK 1 528 (1 070) and profit before tax was MNOK 67 (46). Net order intake in Q2 was MNOK 1 198, (1 588). The largest contract in the quarter for Sentia Sweden relates to two ice rinks at Kungälv Arena in Kungälv, worth MSEK 605. Kungälv Arena is a new centre for sport, culture and events.The project is run as a strategic partnering arrangement with several enterprises commissioned in line with political decisions on implementation. Other larger contracts include preparatory works worth MSEK 180 related to the final phase of the Multi-Activity Centre in Gällivare, and a nursery building in Tegelviken worth MSEK 107. Sentia Sweden continues to have new phase 1 projects, where projects are developed together with partners ahead of execution (phase 2). The order backlog at the end of Q2 2026 was MNOK 4 645 (3 698). The order backlog has increased by MNOK 1 152 (33%) from the end of 2025, and the order backlog corresponds to 2 times last year's revenue. The number of FTEs at the end of Q2 was 168 (161). Sick leave was 2.4% (3.0%) for the quarter and 2.7% (2.3%) for the first half year. In June 2026, a letter of intent was signed to acquire 70% of the shares in Thule Fastighetsutveckling AB in Stockholm. The remaining 30% is owned by management and key individuals in the company. The company is a well-established R&M player in the central Stockholm area. In 2025, the company had revenue of MSEK 287.5 and an operating profit of MSEK 15.9, corresponding to an operating margin of 5.5%. The agreement is subject to completed due diligence and a final approved purchase agreement. The acquisition has been approved by the Swedish competition authorities, and completion is planned for 1 October 2026. Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Operating income 842 563 1 528 1 070 2 370 Operating profit (EBIT) 39 23 65 45 97 Profit before tax (EBT) 41 23 67 46 100 EBIT margin 4.6% 4.1% 4.3% 4.2% 4.1% EBT margin 4.9% 4.1% 4.4% 4.3% 4.2% Cash flow from operations 68 20 78 30 116 Order backlog 4 645 3 698 4 645 3 698 3 493 Order intake 1 198 1 588 2 942 2 030 3 124 Quarterly report | Q2 2026 9 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 Sentia Sweden – Operating income, MNOK 563 540 760 686 842 Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 Sentia Sweden – EBT and margin (%) MNOK 23 4,1% 4,3% 4,1% 3,8% 4,9% 23 31 41 26
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Quarterly report | Q2 2026 10 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information What Sentia Sweden is building now Project: Multi-Activity Centre in Gällivare Since December 2024, SSEA has worked with Gällivare Municipality through the design phase and the first construction phase. The Multi-Activity Centre will be a new building in the centre of Gällivare with a total floor area of around 20 600 sqm GFA. The building will house facilities for sport, culture and social activities, including a swimming pool, sports and bowling halls, a cinema, library, restaurant, youth club, arts school, and theatre and cultural venues. The project is expected to be completed in 2029. In the quarter, SSEA signed a new contract with Gällivare Municipality for preparatory works for the final phase of the Multi-Activity Centre in Gällivare in May 2026. The contract value for the preparatory works is approximately MSEK 180 excluding VAT. The final phase contract is expected to be signed during the year.
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Quarterly report | Q2 2026 11 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Sentia ASA is listed on Euronext Oslo Stock Exchange under the ticker SNTIA. The closing price on 30.06.2026 was NOK 77.00. A total of 17.9 million Sentia shares were traded during the quarter. Shareholder structure Dividend Sentia aims to distribute more than 70% of the year's profit as dividends to shareholders. In Q2 2026, Sentia paid a dividend for 2025 of NOK 5.50 per share. This corresponded to 96% of earnings per share. Total dividends amounted to MNOK 552.4. In 2025, a dividend for 2024 of MNOK 784 was paid, equivalent to NOK 7.83 per share, or 142% of the 2024 result. Largest shareholders 30.06.2026 Number of shares Share Ratos AB 30 936 813 30.66% Jan Jahren AS 12 143 664 12.04% DNB Asset Management AS 5 495 448 5.45% Arctic Asset Management 4 849 641 4.81% TIND Asset Management 1 903 413 1.89% Nordea Liv & Pension 1 704 377 1.69% Heimdal Forvaltning AS 1 450 000 1.44% Folketrygdfondet 1 336 251 1.32% Melvin Invest AS 1 278 088 1.27% Mada Holding AS 1 217 327 1.21% Bjullu Holding AS 1 147 422 1.14% Heviha Holding AS 1 090 255 1.08% KLP Kapitalforvaltning AS 1 037 984 1.03% Nordea Funds 947 383 0.94% Mossa Holding AS 935 087 0.93% Alfred Berg Kapitalforvaltning 920 716 0.91% Handelsbanken Fonder 892 440 0.88% Sognli Holding AS 892 212 0.88% Asli AS 892 212 0.88% Storebrand Asset Management 759 345 0.75% Total, 20 largest shareholders 71 830 078 71.21% Other 29 060 004 28.79% Totalt 100 890 082 100.00% The share and shareholder matters Geografisk fordeling eierskap Norway Sweden United Kingdom Ireland Other countries 48% 36% 4% 7% 5% Geographic distribution of ownership 0 200 400 600 800 1 000 1 200 1 400 40 45 50 55 60 65 70 75 80 85 90 The share on the exchange SNTIA - Closing price and number of trades per day Share price NOK Number of trades Share price Number of trades
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Quarterly report | Q2 2026 12 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Purchase and sale of own shares In spring 2026, the Board used its authorisation to acquire treasury shares. A total of 440 000 shares were acquired (0.44% of the company's share capital), at an average price of NOK 75.7085 per share, totalling NOK 34 million. The entire holding of treasury shares has been used to settle vested options and the share programme described below. At the end of Q2 2026, Sentia held no treasury shares. Stock Options The group has a three-year stock option plan with annual grants for management and key personnel in the Sentia group. Allocation 2025 In Q2 2025, a total of 1 530 000 options were granted. The options vest over a three-year period, and vested options may be exercised each year, no later than 5 years after the grant date. In May 2026, 1/3 of the options had vested, and of these, 202 739 options were exercised. Following the exercise, the remaining outstanding options under the scheme at the end of Q2 2026 total 1 257 261 options. As settlement for the exercised options, Sentia ASA has, during the quarter, provided 202,739 own shares from its holding. Allocation 2026 In the second quarter of 2026, the Board decided to reduce the volume of options, and the 2026 grant was limited to 815 000 options. These options vest over a three-year period, and vested options may be exercised each year, and no later than three years after grant. Shares acquired through options from this grant are subject to a one-year lock-up from acquisition. 85 75 65 55 45 SNTIA - Closing price since listing in June 2025 Share price NOK 13.6.2025 30.06.2026 1.1.2026 The Sentia Share – Key figures Q2 2026 Number of shares outstanding 100 890 082 Number of stock options outstanding 2 072 261 Share price Share price at listing 13.05.2025 NOK 50,00 Share price at end of 2025 NOK 62,99 Lowest price in 2026 NOK 60,65 Highest price in 2026 NOK 82,40 Closing price 30.06.2026 NOK 77,00 Market value of the company (MNOK) At listing 13.05.2025 5 021 Market capitalisation 31.12.2025 6 326 Market capitalisation 30.06.2026 7 769 Share price increase from listing in 2025 to 30.06.2026 54.0% Share price increase incl. dividends from listing in 2025 to 30.06.2026 65.0% Share price increase in 2026 22.2% Trading volume Number of shares traded year to date 24 701 032 Of which treasury shares traded by the company 440 000 Number of trades year to date 46 105 Employee share programme In Q2 2026, Sentia carried out a share purchase programme for employees across the group, under which each employee could purchase up to 6 000 shares at a 20% discount to the market price. Shares acquired under the programme are subject to a one-year lock-up. The programme had a limit of 700 000 shares and was oversubscribed by approximately 16%. A total of 395 employees purchased shares under the programme. Of the 700 000 shares subscribed for, settlement was provided in part through the sale of 237 261 treasury shares, with the remaining 462 739 shares provided through a share issue related to the share programme. Authorisations for share purchases and share issues The Board holds four separate authorisations from the general meeting to purchase treasury shares and issue new shares. Together, the authorisations allow for the purchase of up to 10% of treasury shares and the issue of new shares of up to 20% of the share capital. All authorisations are valid until the 2027 Annual General Meeting and are presented for renewal at the general meeting each year.
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Quarterly report | Q2 2026 13 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Risk and market outlook Risk The group's operations consist of carrying out construction projects for public and private clients in Norway and Sweden. Projects vary in complexity, size and duration. Relevant risk assessments must be carried out at all stages, including to a significant extent before contracts are entered into, and risk must be managed systematically across all parts of the business. During the tender phase, risk is identified and assessed, and plans are made to manage risk during execution. Awareness of contract form is an important consideration in relation to risk. The right choice of subcontractors and partners is also a key factor in maintaining control over project risk. The business is exposed to climate and nature-related risk. Changes in climate may affect supply chains, cause operational disruptions and lead to new requirements and regulations that could result in financial losses or increased costs. The group is exposed to various types of financial risk, including market risk, credit risk and liquidity risk. Liquidity risk is the risk that the group is unable to meet its payment obligations as they fall due. The group has a solid liquidity position and limited external debt financing. Market outlook Prognosesenteret's analysis from May 2026 shows that the Norwegian construction market is in a gradual upturn after several years of weak development. Compared with the forecast from March, the market outlook has been revised downward. The downward revision is greatest for new housing construction, while the non-residential construction market is still expected to show growth. In Norway, the construction market is expected to grow by 2.9% in 2026 compared with 2025. For the non-residential construction market, growth is expected to be 4.7%, with renovation and maintenance (R&M) accounting for 57% of the market and new non-residential buildings 43%. Activity is expected to decline slightly in 2027 before a gradual recovery in 2028. Although the market is on an upward trend, activity levels remain below the peak year of 2022. The market is also considered more vulnerable to interest rate changes and further cost increases than previously. At the same time, a strong R&M market, public investments and increased activity in non-residential construction support the long-term market development. In Sweden, the construction market is expected to grow by 3.0% in 2026 compared with 2025. For the non-residential construction market, growth is expected to be 0.8%, with a relatively stable activity level in 2027 before the market gradually strengthens again in 2028. The R&M market accounts for 62% of the non-residential construction market, while new non-residential buildings account for 38%. Compared with the forecast from March, the market outlook in Sweden has been revised down slightly as a result of higher construction costs, increased financing costs and continued geopolitical uncertainty, which contribute to greater caution and later project start-ups. At the same time, Prognosesenteret points to continued strong market prospects for industrial and defence-related buildings, as well as increasing volumes in office construction following a declining trend in the years after the coronavirus pandemic. Sentia has a high order backlog in both Norway and Sweden, mainly comprising agreements with large and financially sound developers, of which approximately 60% are public sector developers. The order backlog is only to a very limited extent exposed to the housing market. The group is involved in a number of early-stage processes with financially sound developers. This will generate new projects going forward as well. Sentia has a strong financial position and sound operations. Overall, the group is well positioned to support continued growth and good profitability. Oslo, 26 August 2026 The Board of Directors of Sentia ASA
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Financial information Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Operating income 3 345 2 929 6 540 5 765 11 772 Other income 2 12 5 19 26 Total income 3 347 2 941 6 545 5 784 11 798 Material costs -2 645 -2 303 -5 132 -4 528 -9 211 Salary and personnel costs -481 -426 -985 -853 -1 705 Other operating costs -41 -57 -78 -120 -199 Depreciation and impairments -24 -27 -50 -52 -107 Total operating costs -3 191 -2 813 -6 245 -5 553 -11 222 Operating profit 156 128 300 231 576 Financial income 44 63 85 104 164 Financial costs -3 1 -5 -21 -11 Exchange gains/losses -1 9 -11 1 2 Net financial items 40 73 69 84 155 Profit before tax 196 201 369 315 731 Tax cost -46 -47 -85 -72 -160 Profit for the period 150 154 284 243 571 Assigned: Shareholders of the parent company 150 151 284 235 562 Non-controlling interests 0 3 0 8 9 Profit for the period 150 154 284 243 571 Earnings per share (NOK) 1.49 1.56 2.83 2.44 5.71 Diluted earnings per share (NOK) 1.49 1.56 2.82 2.43 5.69 Income statement Statement of comprehensive income Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Profit for the period 150 154 284 243 571 Currency translation differences -4 4 -32 15 28 Amount that may be reclassified to the income statement -4 4 -32 15 28 Total comprehensive income for the period 146 158 252 258 599 Assigned: Shareholders of the parent company 146 163 252 255 595 Non-controlling interests 0 -5 0 3 4 Total 146 158 252 258 599 Quarterly report | Q2 2026 14 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Balance sheet Amounts in MNOK 30.06.2026 30.06.2025 31.12.2025 ASSETS Fixed assets Goodwill and other intangible assets 1 140 1 144 1 153 Property, plant and equipment 26 20 24 Right-of-use assets, leases agreements 158 215 187 Deferred tax assets 44 51 54 Other financial assets 9 9 9 Total fixed assets 1 377 1 439 1 427 Current assets Accounts receivable 881 848 653 Contractual assets 239 251 186 Other interest-bearing receivables 9 11 8 Prepaid costs 293 287 304 Other non-interest-bearing receivables 32 17 48 Cash and cash equivalents 3 591 3 251 4 323 Total current assets 5 045 4 665 5 522 Total assets 6 422 6 104 6 949 Amounts in MNOK 30.06.2026 30.06.2025 31.12.2025 EQUITY AND LIABILITIES Equity Issued capital 1 055 1 029 1 029 Other equity 368 322 667 Non-controlling interests 0 0 0 Total equity 1 423 1 351 1 696 Long-term liabilities Deferred tax 67 333 0 Long-term lease liabilities 104 139 121 Total long-term liabilities 171 472 121 Short-term liabilities Short-term lease liabilities 64 85 76 Accounts payable 1 426 1 231 1 189 Contractual liabilities 1 816 1 550 1 866 Claims provisions 678 579 605 Tax payable 36 65 412 Other short-term interest-bearing liabilities 6 2 0 Other short-term liabilities 802 769 984 Total short-term liabilities 4 828 4 281 5 132 Total equity and liabilities 6 422 6 104 6 949 Quarterly report | Q2 2026 15 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Cash flow Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Cash flow from operations Operating profit 156 128 300 231 576 Depreciation and amortisation 24 27 50 52 107 Paid taxes -383 -5 -388 -13 -83 Change in working capital -119 54 -167 -326 406 Other adjustments 6 2 10 2 9 Net cash flow from operations -316 206 -195 -54 1 015 Cash flow from investments Payment upon purchase of property, plant and equipment -7 -6 -15 -11 -28 Purchase of financial assets -1 -2 -1 -3 -8 Change in balances with Ratos AB 0 2 893 0 2 991 2 991 Interest received and other financial income 43 40 84 81 159 Net cash flow from investments 35 2 925 68 3 058 3 114 Cash flow from financing Capital increases 27 230 27 230 230 Purchase of synthetic shares 0 -104 0 -104 -104 Dividends paid to shareholders -552 0 -552 -750 -750 Dividends paid to non-controlling interests 0 -10 0 -34 -34 Purchase/sale of non-controlling interests 0 -155 0 -155 -155 Repurchase of treasury shares -34 0 -34 0 0 Sale of treasury shares 23 0 23 0 0 Lease liability paid -20 -23 -42 -43 -90 Interest paid incl. interest leasing -3 -2 -5 -7 -15 Other payments related to financing 0 -2 0 -19 -18 Net cash flow from financing -559 -66 -583 -882 -936 Net cash flow in the period -840 3 065 -710 2 122 3 193 Cash and cash equivalents at the start of the period 4 433 186 4 323 1 128 1 128 Net cash flow in the period -840 3 065 -710 2 122 3 193 Currency effect on cash and cash equivalents -2 0 -22 1 2 Cash and cash equivalents at the end of the period 3 591 3 251 3 591 3 251 4 323 Quarterly report | Q2 2026 16 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Changes in equity Owners of Sentia ASA Miniority Amounts in MNOK Share capital Other paid-in capital Currency translation effects Earned equity Total Non-controlling interests Total Year 2025 Equity 01.01.25 1 797 16 800 1 614 188 1 802 Profit for the period 562 562 9 571 Other income and expenses from comprehensive income 33 33 -5 28 Comprehensive income for the period 0 0 33 562 595 4 599 Share issues 0 231 231 0 231 Share-based payments to employees 6 6 0 6 Transactions with non-controlling interests 0 0 -157 -157 Dividends -750 -750 -35 -785 Equity 31.12.25 1 1 028 49 618 1 696 0 1 696 Jan-Jun 2025 Equity 01.01.25 1 797 16 800 1 614 188 1 802 Profit for the period 235 235 8 243 Other income and expenses from comprehensive income 20 20 -5 15 Comprehensive income for the period 0 0 20 235 255 3 258 Share issues 0 230 0 230 0 230 Share-based payments to employees 1 1 0 1 Transactions with non-controlling interests 0 0 -156 -156 Dividends -750 -750 -34 -784 Equity 30.06.25 1 1 027 36 286 1 350 1 1 351 Jan-Jun 2026 Equity 01.01.26 1 1 028 49 618 1 696 0 1 696 Profit for the period 284 284 0 284 Other income and expenses from comprehensive income -32 -32 0 -32 Comprehensive income for the period 0 0 -32 284 252 0 252 Share issues 0 27 27 0 27 Repurchase of treasury shares -34 -34 0 -34 Sale of treasury shares 23 23 0 23 Share-based payments to employees 11 11 0 11 Dividends -552 -552 0 -552 Equity 30.06.26 1 1 055 17 350 1 423 0 1 423 Quarterly report | Q2 2026 17 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Segment information second quarter Quarterly report | Q2 2026 18 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information HENT Sentia Sweden Other Eliminations Total Amounts in MNOK Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Income statement Operating income 2 503 2 365 842 563 0 0 0 1 3 345 2 929 Other income 2 1 1 11 0 1 -1 -1 2 12 Total income 2 505 2 366 843 574 0 1 -1 0 3 347 2 941 Material costs -1 911 -1 827 -733 -476 0 0 -1 0 -2 645 -2 303 Salary and personnel costs -421 -370 -56 -52 -4 -4 0 0 -481 -426 Other operating costs -24 -23 -11 -19 -6 -16 0 1 -41 -57 Total operating costs -2 356 -2 220 -800 -547 -10 -20 -1 1 -3 167 -2 786 EBITDA 149 146 43 27 -10 -19 -2 1 180 155 Depreciation and impairments -20 -23 -4 -4 0 0 0 0 -24 -27 EBIT 129 123 39 23 -10 -19 -2 1 156 128 Net finance 32 41 2 0 7 33 -1 -1 40 73 EBT 161 164 41 23 -3 14 -3 0 196 201 Profit margins EBITDA margin 6.0% 6.2% 5.1% 4.8% 5.4% 5.3% EBIT margin 5.2% 5.2% 4.6% 4.1% 4.7% 4.4% EBT margin 6.4% 6.9% 4.9% 4.1% 5.9% 6.9% Additional key figures Cash flow from operations -375 197 68 20 -8 -11 -1 0 -316 206 Order intake 2 412 4 429 1 198 1 588 0 1 3 610 6 018
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Segment information first half-year Quarterly report | Q2 2026 19 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information HENT Sentia Sweden Other Eliminations Total Amounts in MNOK Jan-Jun 2026 Jan-Jun 2025 Year 2025 Jan-Jun 2026 Jan-Jun 2025 Year 2025 Jan-Jun 2026 Jan-Jun 2025 Year 2025 Jan-Jun 2026 Jan-Jun 2025 Year 2025 Jan-Jun 2026 Jan-Jun 2025 Year 2025 Income statement Operating income 5 013 4 694 9 404 1 528 1 070 2 370 0 0 0 -1 1 -2 6 540 5 765 11 772 Other income 5 2 3 1 17 27 0 1 1 -1 -1 -5 5 19 26 Total income 5 018 4 696 9 407 1 529 1 087 2 397 0 1 1 -2 0 -7 6 545 5 784 11 798 Material costs -3 808 -3 618 -7 179 -1 324 -909 -2 033 0 0 0 0 -1 1 -5 132 -4 528 -9 211 Salary and personnel costs -861 -748 -1 491 -115 -96 -197 -9 -9 -18 0 0 1 -985 -853 -1 705 Other operating costs -47 -48 -96 -17 -30 -54 -14 -44 -53 0 2 4 -78 -120 -199 Total operating costs -4 716 -4 414 -8 766 -1 456 -1 035 -2 284 -23 -53 -71 0 1 6 -6 195 -5 501 -11 115 EBITDA 302 282 641 73 52 113 -23 -52 -70 -2 1 -1 350 283 683 Depreciation and impairments -41 -45 -91 -8 -7 -16 -1 0 -1 0 0 1 -50 -52 -107 EBIT 261 237 550 65 45 97 -24 -52 -71 -2 1 0 300 231 576 Net finance 57 71 133 2 1 3 9 13 20 1 -1 -1 69 84 155 EBT 318 308 683 67 46 100 -15 -39 -51 -1 0 -1 369 315 731 Profit margins EBITDA margin 6.0% 6.0% 6.8% 4.8% 4.9% 4.8% 5.4% 4.9% 5.8% EBIT margin 5.2% 5.0% 5.9% 4.3% 4.2% 4.1% 4.6% 4.0% 4.9% EBT margin 6.3% 6.6% 7.3% 4.4% 4.3% 4.2% 5.6% 5.5% 6.2% Balance sheet Total assets 5 195 5 181 5 824 1 107 814 1 068 1 412 1 414 1 362 -1 292 -1 305 -1 305 6 422 6 104 6 949 Net working capital -3 143 -2 579 -3 310 -130 -100 -132 -3 -49 -12 -1 2 0 -3 277 -2 726 -3 454 Net financial position 3 087 2 780 3 841 229 144 231 110 113 63 0 -1 -1 3 426 3 036 4 134 Additional key figures Cash flow from operations -244 -68 970 78 30 116 -29 -16 -72 0 0 1 -195 -54 1 015 Order backlog 13 900 17 643 14 559 4 645 3 698 3 493 18 545 21 341 18 052 Order intake 4 353 9 008 10 634 2 942 2 030 3 124 0 1 -1 7 295 11 039 13 757 Full-time equivalents (FTE's) 1 354 1 284 1 298 168 161 164 6 5 6 1 528 1 450 1 468 Number of employees at end of period 1 372 1 301 1 338 170 162 172 6 5 6 1 548 1 468 1 516
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Note 1 General information Sentia ASA is a public limited company registered and domiciled in Norway, with its head office at Olav V’s gate 1, 0161 Oslo. The Sentia Group is listed on Euronext Oslo Stock Exchange with the ticker SNTIA. This summary of financial information for the group for Q2 2026 has not been audited. The report was approved by the Board of Directors on 26 August 2026. Note 2 Accounting principles The group's financial reporting is prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU. The quarterly financial statements are prepared in accordance with IAS 34 Interim Financial Reporting. The quarterly financial statements are prepared using the same accounting principles as the 2025 annual financial statements. Segment and financial reporting are prepared using the same accounting principles. There is no difference between the principles used for management's internal reporting and IFRS. This report does not include all the information required for a complete set of annual financial statements and should therefore be read in conjunction with the group's annual financial statements for 2025 and the quarterly reports issued in 2026, which are available at www.sentiagruppen.com. Note 3 Estimates The business consists of projects within contracting operations. Accounting to a large extent relies on estimates based on management's best judgement. The significant judgements applied in the group's accounting principles, and the key sources of estimation uncertainty, are the same at the end of the quarter as those described in the 2025 annual financial statements. Changes in accounting estimates are recognised in profit or loss in the period in which the estimate is changed, and in future periods if the change also affects those periods. Note 4 Changes in equity Share issue In Q2 2026, a share issue was carried out in connection with the employee share programme. A total of 462 739 new shares were issued at a subscription price of NOK 58.17368 per share, amounting to MNOK 26.9 in total. Share capital was increased by NOK 5 552.868, to NOK 1 210 680.984, and the new number of shares following the capital increase is 100 890 082 shares. Purchase and Sale of Own Shares In May 2026, Sentia ASA purchased a total of 440 000 treasury shares (0.44% of the company's shares), at an average price per share of NOK 75.7085, totalling MNOK 34. The purchase reduces recognised equity by the same amount. In connection with the exercise of options, Sentia ASA sold a total of 202 739 treasury shares to option holders at a price of NOK 44.50 per share. Total consideration was MNOK 9. Sentia ASA also sold 237 261 treasury shares to employees who subscribed for shares under the share programme. The sale price for these shares was NOK 58.17368 per share, with a total sale price of MNOK 14. The effect of the purchase of treasury shares and the subsequent sale of the same shares is a reduction in equity of MNOK 11. The company held no treasury shares at the end of the quarter. Dividend In Q2 2026, Sentia ASA paid an ordinary dividend based on the 2025 result, of NOK 5.50 per share, totalling MNOK 552.4. In 2025, dividends of MNOK 774 were paid in Q1, and dividends to non-controlling interests of MNOK 10 were paid in Q2. Notes to the financial statements Quarterly report | Q2 2026 20 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Note 5 Earnings per share Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Number of shares Number of shares at period end 100 890 082 100 427 343 100 890 082 100 427 343 100 427 343 Average number of shares during the period 100 488 364 96 730 721 100 458 192 96 280 037 98 369 471 Average diluted number of shares during the period1 1) 100 931 039 96 810 745 100 840 222 96 540 116 98 692 656 Profit for the period attributable to owners of the parent company 150 151 284 235 562 Earnings per share (EPS) (NOK) Earnings per share 1.49 1.56 2.83 2.44 5.71 Earnings per share 1) 1.49 1.56 2.82 2.43 5.70 Note 6 Related party transactions Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Transactions with companies that are part of the Ratos Group Income statement Other income 1 11 1 16 23 Interest income 0 24 0 65 62 Financial position Other non-interest-bearing receivables 1 5 1 5 0 1) In June 2025, a stock option programme for management and key personell was established, running over three years. Within the programme, options have been granted in June 2025 and June 2026. The total number of options outstanding under the programme is 2 072 261. The options have a limited dilutive effect. Quarterly report | Q2 2026 21 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Note 7 Revenue Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Breakdown of operating income by customer Public sector clients 1 921 1 978 3 804 3 870 7 547 Private developers 1 425 950 2 736 1 895 4 226 Total operating income 3 345 2 929 6 540 5 765 11 772 Breakdown of operating income by project type Commercial buildings 1 639 947 3 144 1 833 4 180 Education 588 821 1 222 1 425 2 728 Public administration 412 709 808 1 499 2 406 Healthcare 398 362 727 665 1 277 Residential (for professional developers) 17 25 47 36 117 Infrastructure 120 99 263 184 368 Sports arena 172 0 326 0 427 Other projects 0 -34 1 122 271 Total operating income 3 345 2 929 6 540 5 765 11 772 Note 8 Events after the balance sheet date No events have occurred after the balance sheet date that have significant effect on the financial statements. Quarterly report | Q2 2026 22 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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The Board of Directors and the CEO have today considered and approved the half-year report and the condensed consolidated half-year financial statements for Sentia as of 30 June 2026. The half-year report has been prepared in accordance with IAS 34 – Interim Financial Reporting, and IFRS as adopted by the EU, as well as additional Norwegian requirements under the Accounting Act and the Securities Trading Act. The Board of Directors and the CEO believe that the information in the half-year financial statements gives a true and fair view of the group's assets, liabilities, financial position and results. The information in the half-year report also gives a fair review of important events during the period and their impact on the financial statements, an overview of related party transactions, and a description of the principal risks and uncertainties facing the business. Oslo, 26. August 2026 The board of directors and the CEO of Sentia ASA Finn Bjørn Ruyter Chair of the board Gunnar Hagman Gyrid Skalleberg Ingerø Matilda Vinje Jacob Landén Jan Jahren CEO Quarterly report | Q2 2026 23 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Interim statement by the board of directors and the CEO
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Reconciliation of Alternative Performance Measures (APM) Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Operating profit (EBIT) and EBITDA Operating profit (EBIT) 156 128 300 231 576 Depreciation and impairments 24 27 50 52 107 EBITDA 180 155 350 283 683 Order backlog and order intake Order backlog at the beginning of the period 18 281 18 252 18 052 16 067 16 067 Order backlog at the end of the period 18 545 21 341 18 545 21 341 18 052 Currency effects 1 - 262 - - Operating income for the period 3 345 2 929 6 540 5 765 11 772 Order intake 3 610 6 018 7 295 11 039 13 757 Net working capital Total current assets 5 045 4 665 5 045 4 665 5 522 Deduct interest-bearing receivables and cash and cash equivalents -3 600 -3 262 -3 600 -3 262 -4 331 Total current liabilities -4 828 -4 281 -4 828 -4 281 -5 132 Deduct short-term interest-bearing liabilities and tax payable 106 152 106 152 488 Net working capital -3 277 -2 726 -3 277 -2 726 -3 454 Interest-bearing liabilities and net financial position Lease liabilities -168 -224 -168 -224 -197 Other interest-bearing liabilities 0 0 0 0 0 Financial derivatives -6 -2 -6 -2 0 Interest-bearing liabilities -174 -226 -174 -226 -197 Interest-bearing receivables 9 11 9 11 8 Cash and cash equivalents 3 591 3 251 3 591 3 251 4 323 Interest-bearing receivables and cash and cash equivalents 3 600 3 262 3 600 3 262 4 331 Net financial position 3 426 3 036 3 426 3 036 4 134 Alternative Performance Measures (APM) Quarterly report | Q2 2026 24 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Reconciliation of Alternative Performance Measures (APM) - cont. Quarter Year to date Year Amounts in MNOK Q2 2026 Q2 2025 Jan-Jun 2026 Jan-Jun 2025 2025 Invested capital and return on average capital employed (ROACE) Equity 1 423 1 351 1 423 1 351 1 696 Interest-bearing debt 174 226 174 226 197 Invested capital 1 597 1 577 1 597 1 577 1 893 Average invested capital over the last four quarters 1 801 1 822 1 801 1 822 1 668 Operating profit (EBIT) over the last four quarters 646 517 646 517 576 Return on average capital employed (ROACE) 35.9% 28.4% 35.9% 28.4% 34.5% Equity ratio Equity 1 423 1 351 1 423 1 351 1 696 Total assets 6 422 6 104 6 422 6 104 6 949 Equity ratio 22.2% 22.1% 22.2% 22.1% 24.4% Return on equity (ROE) Average equity over the last four quarters 1 605 1 500 1 605 1 500 1 415 Profit for the period for the last four quarters 611 462 611 462 571 Return on equity (ROE) 38.1% 30.8% 38.1% 30.8% 40.4% Quarterly report | Q2 2026 25 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information
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Quarterly report | Q2 2026 26 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information Alternative Performance Measures (APM) – Definitions Sentia reports financial results in accordance with International Financial Reporting Standards (IFRS). To further illustrate operational performance, the following alternative performance measures and key figures are reported, which are not directly defined under IFRS. The following section provides definitions and presents reconciliations and components of the key figures used in the group’s reporting. Reconciliations are primarily made against line items in the income statement and balance sheet, as well as information provided in the notes to the financial statements. EBITDA and EBITDA margin EBITDA is an abbreviation for operating profit before net financial items, tax, depreciation and amortisation. This key figure reflects operational profitability/performance as total income less operating- related costs. EBITDA can be calculated directly from the income statement as reported operating profit plus depreciation and amortisation. The EBITDA margin is calculated as EBITDA divided by operating income. EBIT and EBIT margin EBIT is an abbreviation for earnings before interest and tax and corresponds to what is presented as operating profit in the income statement. The EBIT margin is calculated as EBIT divided by operating income. EBT and EBT margin EBT is an abbreviation for profit before tax, as presented directly in the income statement. This key figure reflects the result of the operations taking into account all aspects of the business (operations, investments and financing), before tax. The EBT margin is calculated as EBT divided by operating income. Ordrer backlog The order backlog represents the remaining estimated contract value of contracts, contract variations and orders that have been agreed, but not recognised as revenue, at the reporting date. Order intake Order intake is the total value of new contracts entered into during the period, plus/minus changes in agreed deliveries under existing contracts. Order intake is calculated as follows: order backlog in NOK at the end of the period minus order backlog in NOK at the beginning of the period, plus/minus currency effects related to translation of the order backlog into NOK, plus recognised revenue in NOK during the period. Net working capital Net Working capital is the difference between a business's short-term liabilities and shortterm receivables. Working capital is calculated as the sum of accounts receivable, contract assets and other short-term receivables, minus accounts payable, claims provisions, contract liabilities and other short- term liabilities Gross interest-bearing debt The key figure represents total debt and other interest-bearing liabilities recognised in the financial statements. Net financial position The key figure expresses the financial situation of the group and is calculated as liquid assets and interest-bearing receivables minus gross interest-bearing debt at the measurement date. Invested capital and average invested capital Invested capital is calculated as the sum of book equity and gross interest-bearing debt. Average invested capital is calculated as the average invested capital per quarter over the last four quarters. Return on average capital employed (ROACE) Calculated as operating profit (EBIT) for the last four quarters divided by average invested capital. Equity ratio Calculated as the sum of book equity divided by total assets. Return on equity (ROE) Calculated as profit for the period for the last four quarters divided by the average equity over the last four quarters.
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Company information Sentia ASA Head office Olav Vs Gate 1 0161 Oslo Tel: +47 95 90 20 00 Org.no.: 999 256 864 Board of directors Finn Bjørn Ruyter (chair) Gunnar Hagman Gyrid Skalleberg Ingerø Matilda Vinje Jacob Landén Group executives Jan Jahren, Group CEO Christian Wieland, Deputy Group CEO, EVP Sentia Sweden Sverre Hærem, EVP & Chief Financial Officer (CFO) May Helen Dahlstrø, EVP HENT Iven Opsahl Jebsen, EVP & Chief Communications and Public Affairs Officer Quarterly presentations are held at Hotel Continental in Oslo, Stortingsgaten 24-26, at 08:30 a.m. The company is listed on Euronext Oslo Stock Exchange; ticker SNTIA. For more information about the company, please see sentiagruppen.com Financial calendar 10 November 26 Quarterly review Q3 2026 12 February 27 Quarterly review Q4 2026 19 March 27 Annual report 2026 13 May 27 Quarterly review Q1 2027 13 May 27 Annual general meeting 2027 Quarterly report | Q2 2026 27 Quarterly and Half-Year summary From the CEO Key figures Q2 and First Half-Year 2026 highlights HENT Sentia Sweden The share and shareholder matters Risk and market outlook Financial information Income statement Statement of comprehensive income Balance sheet Cash flow Changes in equity Segment information second quarter Segment information first half-year Notes to the financial statements Note 1 General information Note 2 Accounting principles Note 3 Estimates Note 4 Changes in equity Note 5 Earnings per share Note 6 Related party transactions Note 7 Revenue Note 8 Events after the balance sheet date Interim statement by the board of directors and the CEO Alternative Performance Measures (APM) Reconciliation of Alternative Performance Alternative Performance Measures (APM) – Definitions Company information