Slides
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Q3 2026 Results 27 October 2026 Christian Printzell Halvorsen, CEO Per Christian Mørland, CFO
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2 This presentation (hereinafter referred to as the “Presentation”) has been prepared by Vend Marketplaces ASA ("Vend" or the “Company”) exclusively for information purposes and does not constitute an offer to sell or the solicitation of an offer to buy any financial instruments. Reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions contained herein are fair and reasonable, however no representation or warranty , express or implied, is given by or on behalf of the Company , any of its directors, or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability is accepted for any such information or opinions. This Presentation includes and is based on, among other things, forward-looking information and statements. Such forward-looking information and statements are based on the current expectations, estimates and projections of the Company or assumptions based on information available to the Company . Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give any assurance as to the correctness of such information and statements. Several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation. There may have been changes in matters which affect the Company subsequent to the date of this Presentation. Neither the issue nor delivery of this Presentation shall under any circumstance create any implication that the information contained herein is correct as of any time subsequent to the date hereof or that the affairs of the Company have not since changed. The Company does not intend, and does not assume any obligation, to update or correct any information included in this Presentation. Alternative performance measures (APM) used in this presentation are described and presented in the section Definitions and reconciliations in the quarterly report. Disclaimer Q3 2026 Results | Disclaimer
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• Monetisation: Continued ARPA-led growth across the verticals • AI: Turning trust and data into agentic products – AI features live in every vertical, from FINN’ s T alent Search to dealer recommendations via Dealer Hub • Cost discipline: Continued cost reductions from simplification and platform transition. 2026 cost base (OPEX excl. COGS) now expected down around NOK 250m vs 2025 (from around NOK 150m at Q2) • Capital allocation: First NOK 2bn tranche of the NOK 4bn buyback completed in August; second tranche at around NOK 1.4bn as at 23 October . T aking steps to enable continued share buybacks beyond the current programme • Adevinta: Stake valued at NOK 11. 1bn, up NOK 3.9bn vs Q2 2026 (15% discount removed; valuation basis rolled forward to 2026 and 2027 figures). Continued strong performance – H1 2026 revenue + 11%, adjusted EBITDA + 22% Y o Y , adjusted EBITDA margin 50% 3 Strategic highlights • Revenues increased 6% * . Verticals increased 11% * , with Group revenues impacted by the phase-out of transition service agreement (TSA) revenues in Other/HQ. • EBITDA of NOK 711 million, up 11% Y o Y , driven by Real Estate, Mobility and cost discipline Financial highlights Key financials +6%* Revenues Yo Y (NOK 1,641m) + 11% EBITDA Yo Y (NOK 711m) 43% EBITDA margin ( +3pp Y o Y) Summary Q3 2026 Results *On a constant currency basis
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4 Q3 2026 Results Blocket recovery continues BLOCKET TOTAL 1.5 → 3.5 User satisfaction recovering towards pre-transition levels MOBILITY - 26% → -5% Private car listings Y o Y , Q1 to September RECOMMERCE + 17% Transacted GMV Y o Y in Q3 * Aided brand awareness **Source: B2C market data from Vroom / Transportstyrelsen Professional car listings Y o Y , outperforming the B2C market ( -5% **)average visits per month >8 million visitors per month + 1% FOCUS AHEAD Tryggad Bilaffär , Private car supply and sub-vertical categories FOCUS AHEAD Optimise seller benefit programme Private listings approaching last year's levels70m 97% Brand awareness*
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Strong and robust positions Leading the agentic future with unique data Our market is getting bigger 5 Q3 2026 Results *Aided brand awareness **In a Norstat survey from August 2026 with about 4,000 respondents in Norway, Sweden, Denmark and Finland, 70% of adults said they had used an AI tool in the last month. About one in four AI users has used it for a car or real estate task, and for cars the most common task is to explore or compare models. Beyond the search box: Building the agentic future 99% AI agents are only as good as their data Real-time ad data updates, price changes, response times Aggregated outcomes settled vs asking prices, demand shifts Verified users and behaviour >50% of logged-in users eID-verified Transaction history Final price, financing, delivery owned traffic >50% via apps > 75% logged in Brand awareness* for FINN of traffic from AI tools, despite 70% adoption of AI tools** 1 2 3 4 95% <0.5% Serving needs beyond search and discovery Valuation Financing Negotiation Sourcing The more of the transaction we coordinate, the more unique data we capture
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6 Q3 2026 Results New products and AI features keep launching Source: Internal product data, September 2026 MOBILITY 89% positive feedback on AI recommendations in Dealer Hub; usage doubled Aug–Sep REAL ESTATE 6x Users who engage with Bytt Stil sign up for viewings six times more often than other users JOBS 4.4/5 Agentic Apply rating by users RECOMMERCE 42% AI generated ads liquidity vs non-AI generated ads ● Dealer Hub AI recommendations ✦ ● AI-assisted OEM brand stores ✦ ● Tryggad Bilaffär● New Car ✦ ● Bytt stil ✦ ● Visual search, Oikotie ✦ ● Meglerpromo ● Agentic Apply ✦ ● Talent Search ✦ ● FINN Partner ✦ ● AI assisted item creation ✦ ● Seller Benefit Programme ● Shopping basket ● Live ● Pilot ✦ AI-powered ● Intent-based search ✦
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Talent Search: AI-powered recruitment from FINN 7 Q3 2026 Results Candidates 30 candidates matched Adjust criteria Candidate 1 ☆ Selected Candidate 2 ☆ Select Candidate 3 ☆ Select Candidate 4 ☆ Select Siri, you have been handpicked for this job Open invitation Delivering interview-ready talent in 3 days T alent Search uses AI and agentic capabilities to help employers identify and engage relevant candidates for job opportunities without relying on a traditional ad Enabled by Vend's unique assets Proprietary candidate data Unmatched reach in Norway ✓ Trusted brand+ + Source: Internal product data, September 2026
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Mobility Q3 2026 Results
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AI at the core of product improvements as we introduce new value into the market Q3 2026 Results | Mobility NEW VALUE IN PLATFORM AND PACKAGES BOOST CORE MONETISATION AI-based car-comparison and improved dealer profiles SCALING DEALER HUB TO SWEDEN FOLLOWING A SUCCESSFUL LAUNCH IN NORWA Y AI helps dealers make profitable decisions Our unique data makes sure dealers know the market Increased info on EVs +50% Messages on FINN PREMIUM PACKAGES PROVIDE: + 17% Favorites on Blocket +24% more leads* 6 days shorter selling time Bas Listing on Blocket Car valuation tool Plus Listing on Blocket Car valuation tool Enhanced dealer branding Ad free listings Premium Listing on Blocket Drive traffic to dealer website Advertise dealer product & services Premium dealer branding *Comparing the Base package with the Premium package on Blocket up to 11% more leads when using AI recommendations 9
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10 1) Transactional models like Nettbil, Smidig Bilhandel and AutoVex are not included due to different business models 2) Different business model L Y (pay per day and avg daily listings) 3) Like-for -like, excluding spare parts/accessories for both periods ARPA Q3 2026, Y o Y change % NAA Q3 2026, Y o Y change % Professional NOK 608¹ 17% Y o Y SEK 786³ 12% Y o Y³ DKK 792² Professional 155k¹ 4% Y o Y 220k³ - 2% Y o Y³ 71k² Private NOK 809¹ 10% Y o Y Private 105k¹ - 1% Y o Y SEK 300³ 0% Y o Y³ DKK 187 - 28% Y o Y 137k³ - 13% Y o Y³ 39k +39% Y o Y ARPA: Average Revenue Per Ad NAA: New Approved Ads Q3 2026 Results | Mobility Strong ARPA in Norway; professional ARPA in Sweden back to double-digit growth
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11*On a constant currency basis • Classifieds revenues increased 3% Y o Y , or 8% in constant currency . Strong growth in Norway ( + 16%), Sweden returned to growth in constant currency , at +4% ( -3% reported) and Denmark grew 5% in constant currency ( -3% reported) • Transactional revenues increased 8%, driven by Nettbil and AutoVex • Advertising revenues decreased 2%, mainly driven by Sweden • OPEX excl. COGS decreased 2% following the organisational changes at the end of Q2 • EBITDA of NOK 406m, up 7% Y o Y , with margin of 59% Revenues (NOKm), EBITDA margin (%) Advertising revenues Transactional revenues HighlightsMobility Y o Y growth EBITDA margin Classified revenues 8%* Other revenues Q3 2026 Results | Mobility Revenues up 8%* Yo Y ; EBITDA up 7% following cost actions
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Real Estate Q3 2026 Results
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Traffic & clicks Intent & Interest Leads From To Reach Proof PRODUCT & PACKAGE IMPROVEMENTS THAT BOOST LARGE PACKAGE EFFICIENCY +31% Clicks to bid* New products and packages drive results for agents and sellers 25% of profile leads are driven by this feature since launch LARGE MEDIUM +24% unique visitors** +8% Clicks to viewing sign-up** FROM REACH TO PROOF Shifting focus from clicks and views to high-value intent signals and qualified buyer leads * Listings performance the first *14 days / first **8 days AGENT PROMOTION — SELLER LEADSAI REDECORATION 2x Time spent on listing PREMIUM PACKAGES PROVIDE: 16k monthly price estimates – nearly doubled PRISTIPS — SELLER LEADS Q3 2026 Results | Real Estate
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14 1) New construction and pro commercial not included 2) ARPO per month: realtor related revenue/number of offices 3) Residential for sale ARPA not IFRS adjusted 4) Number of offices: real estate offices with active subscription/contract on Oikotie ARPA Q3 2026, Y o Y change % Volume Q3 2026, Y o Y change % Total NOK 4,020¹ 16% Y o Y Total 57k¹ -6% Y o Y 1,5404 - 1% QoQ Residential for sale³ NOK 6,083¹ 17% Y o Y Residential for sale 29k¹ -4% Y o Y Norway - ARPA: Average Revenue Per Ad Finland - ARPO: Average Revenue Per Office Norway - NAA: New Approved Ads Finland - Number of Offices Q3 2026 Results | Real Estate Strong ARPA growth in Norway EUR 4562 1% QoQ
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15*On a constant currency basis Revenues (NOKm), EBITDA margin (%) Real Estate Highlights • Classifieds revenues increased 12% Y o Y , driven by ARPA growth in residential for sale in Norway • T otal revenues in Finland increased 13% Y o Y (22% in constant currency), driven by the subscription-based model introduced in Q1 and growth in Qasa • Transactional revenues increased 10%, driven by Qasa and HomeQ • OPEX excl. COGS increased 2%, driven by higher personnel costs • EBITDA of NOK 206m, up 23% Y o Y , with margin of 53% 14%*Y o Y growth Advertising revenues Transactional revenues EBITDA margin Classified revenues Other revenues Q3 2026 Results | Real Estate Revenues up 14%* Yo Y ; EBITDA up 23%
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Jobs Q3 2026 Results
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171) Sourced ads not included ARPA Q3 2026, Y o Y change % NAA Q3 2026, Y o Y change % Total NOK 9, 122¹ 11% Y o Y Total 29k¹ –3% Y o Y ARPA: Average Revenue Per Ad NAA: New Approved Ads Q3 2026 Results | Jobs Strong ARPA growth continues; volume decline easing
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18 Jobs Highlights • Revenues increased 8% Y o Y , as ARPA gains from discount model changes and upsell products offset the volume decline • OPEX excl. COGS increased 6%, driven by higher personnel and marketing costs • EBITDA of NOK 146m, up 7% Y o Y , with margin of 55% Revenues (NOKm), EBITDA margin (%) EBITDA margin Classified revenues Jobs Y o Y growth Q3 2026 Results | Jobs Revenues up 8% Yo Y on ARPA growth; EBITDA up 7% 8%
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Recommerce Q3 2026 Results
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20 Transacted GMV Q3 2026, Y o Y change % Take rate Q3 2026, Y o Y change pp Total NOK 727m 28% Y o Y SEK 231m 17% Y o Y EUR 21m 33% Y o Y DKK 62m 52% Y o Y Total 15% -0.7pp Y o Y 10% -0. 1pp Y o Y 16% 0.0pp Y o Y 14% -0. 1pp Y o Y GMV: Gross merchandise value of transacted C2C goods T ake rate: External take rate including shipping and VAT Q3 2026 Results | Recommerce GMV growth accelerated in Norway and Sweden
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21*On a constant currency basis Recommerce Revenues (NOKm), EBITDA margin (%) Y o Y growth Highlights • Transactional revenues increased 19% Y o Y , driven by record transaction volumes, up 31%, partly offset by shipping campaigns • Classifieds revenues increased 5% Y o Y , driven by the private segment • Advertising revenues decreased 3% Y o Y , driven by Finland • OPEX excl. COGS increased 11%, driven by marketing investment in Norway • EBITDA decreased by NOK 8m Y o Y to NOK -43m, impacted by growth investment, with margin down 2 percentage points to - 18% Advertising revenues Classifieds revenues EBITDA margin Transactional revenues Other revenues 16%* Q3 2026 Results | Recommerce Revenues up 16%* Yo Y on higher volumes; EBITDA down NOK 8m on growth investment
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Finance 1 6 Q3 2026 Results
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23*On a constant currency basis Q3 2025 Q3 2026 Q3 2026 Group EBITDA 711m 11% Yo Y Group revenues 1,641m 6%* Yo Y Vend Vend Q3 revenues per segment (NOKm) Y o Y growth Q3 EBITDA per segment (NOKm) Y o Y growth Q3 2026 Results | Finance Q3 revenues up 6%* Yo Y and 11%* excl. Other/HQ; EBITDA up 11% Yo Y Mobility Real Estate Jobs Recommerce Other/HQ Mobility Real Estate Jobs Recommerce Other/HQ 8% * 14% * 8% * 16% * -58% * 7% 23% 7% - 23% 50% Q3 2025
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24 Vend OPEX excl. COGS (NOKm) Highlights • T otal OPEX excl. COGS decreased 6% Y o Y ○ Personnel costs declined 2% Y o Y , following the reorganisation of around 70 FTEs effective July ■ FTEs ended at 1,565, down 83 from Q2 and 119 from Q3 2025 ○ Marketing costs increased 15% Y o Y , driven by investment in Recommerce ○ Other operating costs declined 18% Y o Y , driven by lower consultancy costs and the exit of Schibsted TSAs • OPEX excl. COGS-to-sales ratio improved by 4 percentage points Y o Y to 47% Other costs Marketing costs OPEX excl. COGS / Revenues Personnel costs Y o Y growth Q3 2026 Results | Finance OPEX excl. COGS down 6% Yo Y ; FTEs down 83 from Q2 6%
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Adevinta valuation up NOK 3.9bn to NOK 11. 1bn, driven mainly by removal of the peer discount 25 Q3 2026 Results | Finance Highlights • Carrying value of Vend’ s 14% stake: NOK 11. 1bn, up NOK 3.9bn vs Q2 2026 • Multiple expansion of NOK 4.0bn is the driver: ○ Removal of the 15% discount to peer group: c.NOK 3bn ○ Roll-forward of valuation multiples to 2026/27: c.NOK 1bn • Discount to peer group removed as Adevinta’ s expected EBITDA growth is in line with or above peers, and the multiple gap between Real Estate and Mobility peers has narrowed • Operations remain strong (H1 2026 figures). ○ Revenue: EUR 1,024m ( + 11% Y o Y) ○ Adjusted EBITDA: EUR 507m ( + 22% Y o Y) ○ Adjusted EBITDA margin: 50% ( +5 pp Y o Y) ○ Adjusted net debt: EUR 5,915m Adevinta valuation Q3 2026, changes since Q2 2026 (NOKbn) *France, Mobile and Kleinanzeigen; Adjusted EBITDA excludes Aurelia restructuring costs etc. Financial figures are unaudited and based on Adevinta's management reporting. Figures are adjusted for Adevinta Spain (exit completed Q1 2026) and exclude 50% JV in OLX Brazil.
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Q3 income statement 26 Delivery presented as discontinued operations. Q3 2026 Results | Finance Includes a gain of NOK 3,920 million from fair value adjustment of Adevinta. Other expenses comprise NOK 19 million in restructuring costs, and NOK 2 million in transaction-related costs. Income statement Third quarter NOK million) 2026 2025 (restated) Operating revenues 1,641 1,595 Operating expenses 929 955 Gross operating profit (loss) - EBITDA 711 640 Depreciation and amortisation 139 149 Impairment loss - 4 Other income 4 13 Other expenses 21 60 Operating profit (loss) 555 440 Share of profit (loss) of joint ventures and associates 3 11 Impairment loss on joint ventures and associates (recognised or reversed) 13 - Gains (losses) on disposal of joint ventures and associates 2 44 Financial income 3,974 50 Financial expense 53 1,158 Profit (loss) before taxes 4,469 635 Taxes 127 106 Profit (loss) from continuing operations 4,343 740 Profit (loss) from discontinued operations 18 89 Profit (loss) 4,360 651 Non-controlling interests - 1 Owners of the parent 4,360 651 Earnings per share NOK EPS - basic NOK 21.38 3.07 EPS - basic adjusted NOK 2.13 2.04
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Q3 cash flow from continuing operations 27 Q3 2026 Results | Finance Cash flow Third quarter NOK million) 2026 2025 (restated) Profit (loss) before taxes from continuing operations 4,469 635 Depreciation, amortisation and impairment losses (recognised or reversed) 152 153 Net interest expense (income) 30 21 Net effect pension liabilities 5 5 Share of loss (profit) of joint ventures and associates 3 11 Dividends received from joint ventures and associates 1 - Interest received 12 38 Interest paid 39 56 Taxes paid 13 12 Non-operating gains and losses 3,925 1,035 Change in working capital and provisions 87 110 Net cash flow from operating activities 590 442 Net cash flow from investing activities 73 21 -whereof Development and purchase of intangible assets and property, plant and equipment 81 107 Net cash flow from financing activities 1,480 18 -whereof Payment of principal portion of lease liabilities 23 27 Fair value adjustment gain for Adevinta amounted to NOK 3 920 million in Q3 2026. Executed share buy-backs programme. CAPEX is mainly related to platform transition and product development across all verticals.
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Robust balance sheet supports continued disciplined shareholder returns * As at Q3 2026 **Based on share buyback status and momentum as at 23 October 28 NIBD/EBITDA Financial gearing (NIBD/EBITDA according to bank definition) Q3 2026 Results | Finance Highlights • Continued return of excess capital to shareholders through 2026 ○ First NOK 2bn tranche of NOK 4bn share buyback programme completed August, with total share buybacks in Q3 2026 of NOK 1.5bn ○ Second NOK 2bn tranche announced in August and ongoing. As of 23 October approx. NOK 1.4bn share buybacks carried out and expected to complete during Q4 2026** • Strong balance sheet with net cash position of NOK 978m* • Board resolved to call for extraordinary general meeting on 23 November to renew authority to buyback shares and delete 14.4 million treasury shares, adding flexibility to initiate new share buybacks once tranche 2 is completed
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29 Financial framework for sustainable value creation Q3 2026 Results | Finance Capital allocationMedium-term targets Simplify Verticalise Expand Strategy Accelerate Future Winners •Any surplus cash post the below will be returned to shareholders over time •Pay a progressive annual dividend •Investing in selective acquisitions to create shareholder value •Maintain a conservative balance sheet Revenue growth: 12- 17%, EBITDA margin: 55-60% Revenue growth: 12- 17% EBITDA margin: 45-50% Revenue growth: 5- 10% EBITDA margin: >55% Revenue growth: >20% EBITDA margin: single-digit Mobility Real Estate Jobs Recommerce
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Q&A Q3 2026 Results | Q&A 27 October 2026 Christian Printzell Halvorsen, CEO Per Christian Mørland, CFO
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31 Appendices Q3 2026 Results | Appendices Spreadsheet containing detailed Q3 2026 and historical information can be downloaded at vend.com/ir
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32 Q3 2026 Results | KPIs Historical ARPA trends per vertical ARPA Vertical Country Category Q3- 24 Q4- 24 Q1- 25 Q2- 25 Q3- 25 Q4- 25 Q1- 26 Q2- 26 Q3- 26 Mobility¹ Norway Professional NOK 428 NOK 434 NOK 461 NOK 497 NOK 518 NOK 540 NOK 586 NOK 592 NOK 608 Norway Private NOK 653 NOK 698 NOK 704 NOK 715 NOK 734 NOK 766 NOK 793 NOK 805 NOK 809 Sweden Professional6 SEK 585 SEK 624 SEK 718 SEK 720 SEK 702 SEK 720 SEK 715 SEK 745 SEK 786 Sweden Private6 SEK 194 SEK 234 SEK 246 SEK 304 SEK 301 SEK 298 SEK 267 SEK 286 SEK 300 Denmark Professional² DKK 313 DKK 316 DKK 341 DKK 349 DKK 375 DKK 382 DKK 644 DKK 771 DKK 792 Denmark Private DKK 168 DKK 167 DKK 179 DKK 266 DKK 262 DKK 198 DKK 157 DKK 181 DKK 187 Real Estate Norway T otal³ - - NOK 3, 148 NOK 3,511 NOK 3,454 NOK 3,718 NOK 3,782 NOK 4,081 NOK 4,020 Norway Residential for sale NOK 4,385 NOK 4,361 NOK 4,943 NOK 4,912 NOK 5, 153 NOK 5,262 NOK 5,866 NOK 5,746 NOK 6,083 Finland T otal⁴ - - - - - - EUR 430 EUR 453 EUR 456 Jobs Norway T otal⁵ NOK 6,967 NOK 7 ,303 NOK 7 ,891 NOK 8,229 NOK 8, 185 NOK 8,856 NOK 8,899 NOK 9,454 NOK 9, 122 1) Transactional models like Nettbil, AutoVex, and Wheelaway are not included due to different business models; 2) Avg. daily pro listings per month until 2026, PPA from Q1 2026; 3) New construction and pro commercial not included; 4) ARPO (average revenue per office) following the new Oikotie business model; 5) Sourced ads not included 6) Accessories transferred from Mobility to Recommerce
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33 Q3 2026 Results | KPIs Historical listing trends per vertical NAA Vertical Country Category Q3- 24 Q4- 24 Q1- 25 Q2- 25 Q3- 25 Q4- 25 Q1- 26 Q2- 26 Q3- 26 Mobility¹ Norway Professional 158k 162k 156k 152k 148k 154k 159k 159k 155k Norway Private 106k 62k 67k 116k 106k 67k 64k 113k 105k Sweden Professional 242k 240k 217k 226k 225k 221k 205k 227k 220k Sweden Private 181k 107k 112k 171k 158k 90k 81k 148k 137k Denmark Professional² 55k 57k 53k 52k 51k 53k 65k 69k 71k Denmark Private 58k 45k 36k 30k 28k 27k 27k 38k 39k Real Estate Norway T otal³ - - 55k 70k 61k 45k 52k 68k 57k Norway Residential for sale 31k 21k 29k 40k 30k 21k 27k 40k 29k Finland T otal⁴ - - - - - - 1,569 1,562 1,540 Jobs Norway T otal⁵ 35k 34k 40k 35k 30k 31k 38k 32k 29k 1) Transactional models like Nettbil, AutoVex, and Wheelaway are not included due to different business models; 2) Avg. daily pro listings per month up until 2026, NAA from Q1 2026; 3) New construction and pro commercial not included; 4) Number of offices following the new Oikotie business model; 5) Sourced ads not included
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34 Q3 2026 Results | KPIs Historical Recommerce KPIs 1) GMV: Gross merchandise value of transacted C2C goods; 2) T ake rate: External take rate including shipping and VAT ; 3) Accessories transferred from Mobility to Recommerce Transactional KPIs Vertical Country Category Q3- 24 Q4- 24 Q1- 25 Q2- 25 Q3- 25 Q4- 25 Q1- 26 Q2- 26 Q3- 26 Recommerce Norway Transacted GMV¹ NOK 481m NOK 540m NOK 531m NOK 549m NOK 569m NOK 620m NOK 634m NOK 644m NOK 727m Norway T ake rate² 16% 16% 16% 15% 16% 17% 16% 16% 15% Sweden Transacted GMV¹3 SEK 173m SEK 177m SEK 201m SEK 191m SEK 198m SEK 176m SEK 180m SEK 195m SEK 231m Sweden T ake rate² 10% 10% 10% 10% 10% 11% 11% 10% 10% Finland Transacted GMV¹ EUR 8m EUR 12m EUR 12m EUR 13m EUR 16m EUR 18m EUR 17m EUR 17m EUR 21m Finland T ake rate² 15% 16% 17% 16% 16% 17% 17% 17% 16% Denmark Transacted GMV¹ - - DKK 16m DKK 33m DKK 40m DKK 51m DKK 57m DKK 56m DKK 62m Denmark T ake rate² - - 14% 15% 15% 15% 15% 15% 14%
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35 Q3 2026 Results | Shareholders Shareholders analysis Source: Nasdaq OMX, VPS as at 21 September 2026. The data is obtained through the analysis of beneficial ownership and fund manager information provided in replies to disclosure of ownership notices issued to all custodians on the Vend share register . Whilst every reasonable effort is made to verify all data, neither Nasdaq OMX nor Vend can guarantee the accuracy of the analysis. Rank Name Shares % ISC 1 Blommenholm Industrier AS 43 167 130 20.5% 2 Folketrygdfondet 18 058 885 8.6% 3 DNB Asset Management AS 10 793 715 5.1% 4 ODIN Forvaltning AS 8 961 232 4.2% 5 Storebrand Asset Management AS 5 648 977 2.7% 6 KLP Kapitalforvaltning AS 5 640 317 2.7% 7 Vanguard Capital Management, LLC 5 087 114 2.4% 8 Eika Kapitalforvaltning AS 4 458 178 2.1% 9 Novo Holdings A/S 4 056 053 1.9% 10 BlackRock Institutional Trust Company, N.A. 4 026 618 1.9% 11 Reade Street Capital Management 3 715 087 1.8% 12 Nordea Funds Oy 2 988 842 1.4% 13 HMI Capital Management, L.P. 2 810 278 1.3% 14 Incentive AS 2 761 321 1.3% 15 Fondsfinans Kapitalforvaltning AS 2 665 791 1.3% 16 Alamut Investment Management LLP 2 553 160 1.2% 17 Morgan Stanley & Co. International Plc 2 239 876 1.1% 18 Alfred Berg Kapitalforvaltning AS 1 892 768 0.9% 19 Anabranch Capital Management LP 1 864 915 0.9% 20 Handelsbanken Kapitalförvaltning AB 1 737 617 0.8%
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Investor contact Q3 2026 Results | Investor contact Visit our website: vend.com Email: ir@vend.com Malin Ebenfelt IR Manager +47 916 86 710 Jann-Boje Meinecke SVP FP&A and IR Vend Marketplaces ASA Visiting address: Grensen 5- 7 , 0159 Oslo, Norway Postal address: P .O. Box 747 Sentrum, 0106 Oslo, Norway