Interim report
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4C Group AB Interim Report Q3 2026
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The period in summary Net sales amounted to SEK 67.3 million (72.7), corresponding to a decrease of 7% (-22). Growth adjusted for foreign exchange amounted to -10% (-18). Software revenue amounted to SEK 39.7 million (48.5), corresponding to 59% (67) of net sales. The order book amounted to SEK 946.6 million (281.5) at the end of the quarter. Operating profit (EBIT) amounted to SEK -6.1 million (-11.7), corresponding to an EBIT margin of -9% (-16). Net income for the period amounted to SEK -4.3 million (-13.3). Earnings per share before dilution amounted to SEK -0.09 (-0.33) and diluted to SEK -0.09 (-0.33). Third quarter 2026 compared to 2025, group “The transformation we initiated after the third quarter of 2025 has delivered on the cost side. Sales now need to follow, and that is where our focus lies.” Jonas Jonsson, CEO Key ratios mSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Q3 LTM 2025 Q3 LTM Net sales 67.3 72.7 222.7 239.3 335.9 352.3 Net sales growth (%) -7% -22% -7% 4% -5% 4% FX adjusted organic net sales growth (%) - 10% - 18% -5% 8% -1 % 6% Software revenue 39.7 48.5 135.6 140.9 219.6 223.9 Software revenue in relation to net sales (%) 59% 67% 61% 59% 65% 64% EBIT - 6 .1 - 11.7 - 13.4 - 14.7 9.8 11.8 EBIT margin (%) -9% - 16% -6% -6% 3% 3% Net income for the period -4.3 - 13.3 -7.1 -31.7 7.9 -7.4 Earnings per share before dilution (SEK) -0.09 -0.33 -0. 17 -0.79 0.1 9 -0. 19 Earnings per share after dilution (SEK) -0.09 -0.33 -0. 17 -0.79 0.1 9 -0. 19 -1% 65% 3% FX-adjusted organic net sales growth LTM Software revenue in relation to net sales LTM EBIT margin LTM First nine months 2026 compared to 2025, group Net sales amounted to SEK 222.7 million (239.3), corresponding to a decrease of 7% (4). Growth adjusted for foreign exchange (FX) amounted to -5% (8). Software revenue amounted to SEK 135.6 million (140.9), corresponding to 61% (59) of net sales. Operating profit (EBIT) amounted to SEK -13.4 million (-14.7), corresponding to an EBIT margin of -6% (-6). Net income for the period amounted to SEK -7.1 million (-31.7). Earnings per share before dilution amounted to SEK -0.17 (-0.79) and diluted to SEK -0.17 (-0.79). 4C Group Interim Report Q3 2026 2
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With a lower cost base, the focus is now on sales The third quarter was weaker than we had expected. Net sales decreased by 7 percent to SEK 67.3 million (72.7) and software revenue amounted to SEK 39.7 million (48.5). At the same time, EBIT improved to SEK -6.1 million (-11.7) on a lower cost base. The transformation we initiated after the third quarter of 2025 has delivered on the cost side. Sales now need to follow, and that is where our focus lies. The quarter in brief Net sales were affected by continued delays in closing deals, primarily in North America, and by lower exercise volumes during the summer months, which follows the seasonal pattern we see every year. Software revenue was also affected by the change in how we assess our customer contracts, as described in the first quarter report, whereby a smaller share of the contract value is recognized at initial delivery. This results in lower net sales in 2026 but distributes revenue more evenly over the contract term and more closely in line with cash flow. The recurring base continues to grow, and ARR for software revenue increased by 5 percent to SEK 181.3 million. Expert Services had a strong quarter with growth of 28 percent, while software- related services were unchanged. Total costs were approximately 17 percent lower than in the same quarter last year, which shows that the savings program is taking effect. EBIT for the first nine months amounted to SEK -13.4 million (-14.7), despite lower net sales. Today we are 165 employees compared with 209 a year ago, while continuing to deliver in programs from Australia to Canada and developing Exonaut at a faster pace than before. I am grateful for, and proud of, what the organization has achieved over the past twelve months. Business during the quarter Our pipeline continues to grow, supported by the defense buildup in Europe in particular. At the same time, like many others, we are affected by capacity constraints in procurement and purchasing organizations, which prolongs sales cycles and makes it difficult to predict when deals will close. During the quarter we nevertheless signed a number of important agreements, including an extension of our contract in Canada, where Exonaut now also includes AI-supported functionality, and continued agreements within existing programs in the United Kingdom. Through our local partner, the agreement with the Australian Army Combat Training Centre was extended by three years. In the Nordics we continued to win business in defense and total defense, and within NATO our engagement in exercise planning was expanded. These agreements show that CEO comment 34C Group Interim Report Q3 2026
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existing customers continue to choose Exonaut and to broaden their use of it. Order intake amounted to SEK 55.5 million and the order backlog to SEK 946.6 million (281.5), carried by the UK contract signed in the second quarter, where the start-up phase is proceeding according to plan. The Development of Exonaut The transition to a continuous delivery model is proceeding according to plan, and we are able to increase the release cadence without the organization growing at the same rate. This also explains why capitalized development expenditure decreased during the quarter, while the level of ambition in development is unchanged. AI is gradually becoming part of the product itself and demand remains high, although many customers still have limited ability to put the capability to practical use. We have an advantage in that our systems are already deployed in customer environments, and we make new AI capabilities available as customers become ready to adopt them. Cash flow and financing Cash flow from operating activities amounted to SEK -9.0 million (9.1). The third quarter is seasonally our weakest baseline quarter for cash flow. There are no major license payments during the period, and the summer months mean lower invoicing from Expert Services in Sweden and from software-related services in defense in EMEA, while costs continue to run. The work to improve cash conversion continues with full focus going forward. The rights issue, which closed on July 23, was significantly oversubscribed. Subscription interest corresponded to approximately 240 percent of the offering, and the Board of Directors resolved to exercise the over-allotment option. The issue provided approximately SEK 73.6 million before issue costs, partly through set-off of shareholder loans. It has strengthened the balance sheet and given us room for the sales resources we are now building up in Europe. I would like to thank existing and new shareholders for their confidence. North America After the second quarter, I wrote that the third quarter would be important for North America. The region has not developed as we expected, and net sales for the first nine months are approximately half of the previous years. What did not materialize was new business in the COTS segment, where we sell directly to various parts of the US armed forces. At the same time, we have established a base of contracted programs in the region that provides revenue and cash flow for the coming twelve months, and that allows the operation there to stand on its own. The US remains a strategically important market for us in the long term, but we must prioritize our resources globally, and I have therefore chosen to concentrate our efforts in the US for now on delivering in the programs we have and on a smaller number of qualified opportunities. The new sales resources made possible by the rights issue are directed primarily toward Europe, where we have a strong base and where growing defense budgets are now being channeled toward our areas. Focus ahead Our priorities remain unchanged. We deliver for our customers, and the extensions signed during the quarter show that they continue to choose Exonaut. Profitability improved significantly in the quarter compared with the previous year, although operating profit remains negative and cash flow is not yet where it needs to be. In defense we have an order backlog larger than at any time in our history, while revenue is lagging behind. The cost base has been adjusted, and the work in the coming quarters is about capturing the opportunities we see, increasing sales, and securing improved cash flow. Jonas Jonsson CEO 4C Group Interim Report Q3 2026 4
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*For definition see page 22. Net sales Net sales during the quarter amounted to SEK 67.3 million (72.7), corresponding to a decrease of 7 percent (-22) compared with the same period last year. Software revenue amounted to SEK 39.7 million (48.5), software-related services amounted to SEK 12.2 million (12.2), and Expert Services amounted to SEK 15.3 million (12.0). Net sales for the first nine months amounted to SEK 222.7 million (239.3), corresponding to a decrease of 7 percent (4) compared with the same period last year. Software revenue amounted to SEK 135.6 million (140.9), software- related services amounted to SEK 39.2 million (52.9), and Expert Services amounted to SEK 48.0 million (45.4), corresponding to a software share of 61 percent (59). Net sales during the first nine months varied across regions. In EMEA, net sales increased to SEK 175.9 million (139.8), primarily driven by a major customer contract. In North America, net sales decreased to SEK 43.6 million (87.8) due to delays in closing deals and longer decision-making processes, in line with the company’s previous communications. In APAC, net sales amounted to SEK 2.6 million (11.7), following a negative adjustment of SEK 6.1 million due to a reduction in contract value during the period. Software ARR at the end of the quarter amounted to SEK 181.3 million (173.5), corresponding to an increase of 5 percent. Foreign exchange rate movements had a positive impact of 3 percent (-4) on net sales during the quarter compared with the corresponding period of the previous year. For the first nine months, the currency impact was -2 percent (-4). As a significant portion of the Company’s revenue is generated in currencies other than SEK, while a large part of its cost base is denominated in SEK, exchange rate fluctuations may continue to cause variations in reported net sales and operating profit going forward. EBITDA EBITDA amounted to SEK 8.3 million (-0.8) during the quarter, corresponding to an EBITDA margin of 12 percent (-1). The year-on-year improvement is primarily attributable to the previously communicated cost-saving measures, which have resulted in a lower cost base and positively impacted profitability. EBITDA amounted to SEK 25.5 million (16.3) during the first nine months, corresponding to an EBITDA margin of 11 percent (7). EBIT EBIT amounted to SEK -6.1 million (-11.7) during the quarter, corresponding to an EBIT margin of -9 percent (-16). The improvement compared with the corresponding period of the previous year is primarily attributable to the implemented cost-saving measures, Financial overview Net sales LTM, mSEK EBITDA and EBIT, mSEK Net sales per segment, LTM 4C Group Interim Report Q3 2026 55
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which have contributed to a lower cost base and, consequently, improved profitability. EBIT for the first nine months amounted to SEK -13.4 million (-14.7), corresponding to an EBIT margin of -6 percent (-6). Net financial income/expense Net financial income amounted to SEK 0.9 million (-5.3) for the quarter and SEK 5.7 million (-22.6) for the first nine months. The change was primarily attributable to foreign exchange effects on intra-group balances and other balance sheet items denominated in foreign currencies. The result for the period consequently amounted to SEK -4.3 million (-13.3) for the quarter and SEK -7.1 million (-31.7) for the first nine months. The improvement for the nine-month period was largely attributable to net financial income/expense, while operating profit improved by SEK 1.3 million. Financial position At the end of the quarter, the equity ratio amounted to 58 percent (51). Equity amounted to SEK 338.0 million (254.7), corresponding to SEK 6.9 (6.7) per share before and after dilution. Interest-bearing liabilities amounted to SEK 132.8 million (132.4), of which lease liabilities accounted for SEK 40.3 million (40.5). Other interest-bearing liabilities amounted to SEK 92.5 million (91.9) and comprised bank loans of SEK 8.5 million (0), shareholder loans of SEK 23.6 million (0), utilised overdraft facilities of SEK 58.8 million (89.3) and software licence financing of SEK 1.6 million (2.7). Total debt remained largely unchanged compared with the previous year, although its composition has changed. Proceeds from the rights issue contributed to reduced utilisation of overdraft facilities, while bank and shareholder loans were raised during the period. Cash and cash equivalents amounted to SEK 8.6 million (19.9) at the end of the quarter, resulting in net debt of SEK 124.1 million (112.6), and SEK 83.9 million (72.0) excluding lease liabilities. At the end of the period, the unutilised portion of the revolving overdraft facility amounted to SEK 7.8 million (2.0), which together with cash and cash equivalents corresponded to total available liquidity of SEK 16.4 million (21.9). Cash flow and liquidity • Cash flow from operating activities amounted to SEK -9.0 million (9.1) during the quarter. The decrease compared with the corresponding period of the previous year was primarily attributable to increased working capital tied up in contract assets and trade receivables at the end of the quarter. Changes in working capital had a cash flow impact of SEK -10.5 million (12.3). • Cash flow from investing activities amounted to SEK -8.2 million (-14.4) during the quarter. The reduced outflow was primarily attributable to lower capitalised development expenditure relating to Exonaut. • Cash flow from financing activities amounted to SEK 24.0 million (5.0) during the quarter. Cash flow was positively impacted by the share issue totalling SEK 72.1 million, of which SEK 13.7 million was settled through the conversion of shareholder loans, resulting in cash proceeds of SEK 58.4 million. This was partly offset by shareholder loan repayments of SEK 14.7 million, changes in credit facilities, including the net change in the utilised overdraft facility and loan repayments, as well as lease payments of SEK 4.9 million (5.4). Cash flow for the quarter amounted to SEK 6.8 million (-0.3), resulting in cash and cash equivalents of SEK 8.6 million (19.9) at the end of the quarter, compared with SEK 1.2 million (20.5) at the beginning of the quarter. At the end of the period, the Company’s revolving credit facility amounted to approximately SEK 66.6 million (91.3), of which SEK 58.8 million (89.3) was utilised. • The Board of Directors assesses that the Group has sufficient financing for the coming twelve months, based on available credit facilities and the current business forecast. Liquidity is monitored continuously, and discussions with lenders are ongoing. The Company continues to implement measures to strengthen cash flow and its liquidity position. The 4C share 4C Group AB (publ) has been listed on Nasdaq First North Premier Growth Market since 24 May 2022. The total number of shares at the end of the period was 48,787,140 (38,274,999). Number of employees The number of employees is presented as the average number of full-time employees during the latest 12-month period, taking normal annual working hours into account. The number of full-time employees at the end of the period was 170 (195), of whom 45 (49) were women. As of 30 September 2026, the actual number of employees amounted to 165 (209). The Parent Company The Parent Company business is primarily focused on product development and group administration. The financial statements for the Parent Company can be found on page 13-14. Other significant events during and after the quarter • The company confirmed its role as an Omnia Training partner in the British Army’s Collective Training Service programme under the previously announced SEK 700 million contract for Exonaut and related services from 2026 to 2041. • The company signed a three-year extension for Exonaut and support services for the Australian Army Combat Training Centre through its local partner, worth approximately SEK 8.2 million. Completed rights issue The rights issue, whose subscription period ended on 23 July 2026, was heavily oversubscribed. Around 82 percent of the issue was subscribed for with the support of subscription rights, and the total subscription interest amounted to about 240 percent of the offer. The board therefore decided to use the over-allotment option of SEK 20 million. The rights issue and the over-allotment option provided the company with roughly SEK 73.6 million before issue costs, of which about SEK 13.7 million comes from converting existing shareholder loans. Annual General Meeting 2027 The Annual General Meeting of 4C Group AB (publ) will be held on 28 April 2027 at the company’s offices at Vattugatan 17 in Stockholm. 4C Group Interim Report Q3 2026 6
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The Board of Directors and the CEO declares that the Interim Report provides a fair view of the parent company’s and the Group’s business, financial position and results of operations. 3 November 2026 Stockholm, Sweden The report has been signed by the CEO following authorisation by the Board of Directors. Jonas Jonsson CEO Declaration Financial reporting information Financial calendar Report information 4C Group AB (publ) has published the report in both English and Swedish. This is an unaudited translation of the Swedish Interim Report. If any disparities between the Swedish and the English version would exist, the Swedish version shall prevail. This report has been subject to review by the company’s auditor. The information inside this report is information that 4C Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). Financial reports and calendar are available on 4C’s website, investors.4cstrategies.com. Contact 4C Group AB (publ) Vattugatan 17 | 111 52 Stockholm | Sweden +46 (0)8-522 27 900 info@4cstrategies.com www.4cstrategies.com For investor enquiries, investor.relations@4cstrategies.com. Jonas Jonsson CEO Veronica Wallin CFO Interim Report Q4 12 February 2027 Annual Report 24 March 2027 Interim Report Q1 23 April 2027 Interim Report Q2 9 July 2027 Interim Report Q3 2 November 2027 Interim Report Q4 11 February 2028 4C Group Interim Report Q3 2026 77
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Auditor’s Report To the Board of directors in 4C Group AB, corporate identity number 556706-0412 Introduction We have conducted a limited review of the condensed interim financial information (interim report) for 4C Group AB as of September 30, 2026, and the nine-month period ending on that date. The board of directors and the managing director are responsible for preparing and presenting this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our limited review. The focus and scope of the limited review We have conducted our limited review in accordance with the International Standard on Review Engagements ISRE 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity.” A limited review consists of making inquiries, primarily of persons responsible for financial and accounting matters, performing analytical procedures, and other review procedures. A limited review has a different focus and a significantly smaller scope compared to the focus and scope of an audit conducted in accordance with ISA and generally accepted auditing standards. The review procedures taken in a limited review do not enable us to obtain the assurance that we would become aware of all significant matters that might have been identified in an audit. Therefore, the conclusion expressed based on a limited review does not have the assurance that a conclusion expressed based on an audit has. Conclusion Based on our limited review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in accordance with the Annual Accounts Act. Stockholm, 3 November 2026 Öhrlings PricewaterhouseCoopers AB Victor Lindhall Authorized Public Accountant This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail. 4C Group Interim Report Q3 2026 8
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kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2025 Q1-Q4 Net sales 67,293 72,720 222,736 239,263 352,386 Other revenue 1,897 89 3,298 684 726 T otal revenue 69, 190 72,809 226,034 239,946 353, 111 Operating expenses Other external costs - 17,829 -21,377 -53,095 -62,575 -84, 106 Personnel costs -49,859 -66,042 - 168,040 - 191,491 -255,717 Capitalized work for own account 6,864 13,863 21,910 32,231 41,447 Other operating expenses -36 -39 - 1,315 - 1,839 -3,345 T otal operating expenses -60,860 -73,595 -200,540 -223,674 -301,720 Operating income before depreciation and amortization 8,330 -785 25,494 16,273 51,391 Depreciation -5,567 -5,820 - 16,462 - 17,294 -23,020 Amortization -8,909 -5,083 -22,445 - 13,655 - 19,798 Operating income -6, 146 -11,689 -13,413 -14,677 8,573 Financial income 9,495 3, 115 31,759 5,339 8,027 Financial expenses -8,586 -8,435 -26,043 -27,921 -35,537 Income after financial items -5,236 -17,009 -7,697 -37,259 -18,936 T axes 923 3,679 637 5,540 2, 181 Net income for the period -4,313 -13,329 -7,060 -31,719 -16,755 Income attributable to: Parent company's shareholders -4,313 - 13,329 -7,060 -31,719 - 16,755 Other information Earnings per share before dilution (SEK) -0.09 -0.33 -0. 17 -0.79 -0.42 Earnings per share after dilution (SEK) -0.09 -0.33 -0. 17 -0.79 -0.42 kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2025 Q1-Q4 Net income for the period -4,313 - 13,329 -7,060 -31,719 - 16,755 Other comprehensive income Items which will be reclassified to the income statement (net of tax) Translation adjustments attributable to foreign operations 1,516 -727 3,446 -3,757 -4,311 Adjustment - - - - -282 Other comprehensive income for the period, net of tax 1,516 -727 3,446 -3,757 -4,593 T otal comprehensive income for the period -2,797 -14,056 -3,614 -35,476 -21,348 Consolidated statement of profit and loss in summary Consolidated statement of other comprehensive income in summary 4C Group Interim Report Q3 2026 9
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kSEK 2026-09-30 2025-09-30 2025-12-31 ASSETS Intangible assets 113,427 111, 140 113,962 T angible assets 2,647 3, 102 3, 133 Right-of-use assets 40,294 40,926 37,974 Financial fixed assets 1,650 1,443 1,306 Contract assets 155,221 96,467 113,042 Deferred tax asset 27,726 25,968 20,814 T otal non-current assets 340,965 279,045 290,231 Trade receivables 26,462 24,044 30,343 T ax receivables 8,298 7,513 5,949 Contract assets 186,396 155,233 160,353 Other current receivables 15,056 11,367 19, 138 Cash and cash equivalents 8,612 19,884 11,483 T otal current assets 244,824 218,041 227,265 T otal assets 585,789 497,086 517,496 kSEK 2026-09-30 2025-09-30 2025-12-31 EQUITY AND LIABILITIES Equity Equity attributable to the parent company's shareholders 337,981 254,732 268,861 T otal equity 337,981 254,732 268,861 Interest-bearing non-current liabilities 449 1,560 1,264 Non-current lease liabilities 20,404 21,353 19,324 Deferred tax liability 23, 107 22,429 23,062 T otal non-current liabilities 43,959 45,342 43,651 Interest-bearing current liabilities 92,038 90,362 92,256 Current lease liabilities 19,870 19, 167 18,397 Accounts payable 13,624 12,856 15,209 T ax liabilities 8,720 6,692 4,253 Contract liabilities 28,597 28,789 29,830 Other current liabilities 40,999 39, 146 45,039 T otal current liabilities 203,848 197,011 204,985 T otal equity and liabilities 585,789 497,086 517,496 Consolidated statement of financial position in summary 4C Group Interim Report Q3 2026 10
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kSEK Share capital Other contributed capital Reserves Profit/loss brought forward T otal equity Opening balance 1 January 2025 615 167, 192 5,066 64,439 237,311 Net income for the period - 16,755 - 16,755 Other comprehensive income -4,311 -282 -4,593 T otal comprehensive income -4,311 -17,037 -21,348 Transaction with owners New share issues 55 52, 156 52,211 Costs related to new share issue - -480 -480 Payment warrants - 1, 168 1, 168 T otal transaction with owners 55 52,843 52,898 Closing balance 31 December 2025 670 220,035 754 47,402 268,861 Opening balance 1 January 2026 670 220,035 754 47,402 268,861 Net income for the period - -7,060 -7,060 Other comprehensive income 3,446 - 3,446 T otal comprehensive income 3,446 -7,060 -3,614 Transaction with owners New share issue 184 73,401 73,585 Costs related to new share issue -1 ,4 7 7 -1 ,4 7 7 Payment warrants 626 626 T otal transaction with owners 184 72,550 72,734 Closing balance 30 September 2026 854 292,585 4,200 40,342 337,981 Changes in consolidated equity in summary 4C Group Interim Report Q3 2026 11
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kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2025 Q1-Q4 Cash flow from operating activities Operating income -6, 146 - 11,689 - 13,413 - 14,677 8,573 Adjustment for non-cash items 13,276 10,875 37,533 32,043 45, 101 Financial items -3,532 -2,219 -8,698 -4,755 -6,891 Income tax paid -2,066 - 171 -4,281 -3,910 -2,420 Cash flow from operating activities, before changes in working capital 1,532 -3,204 11, 141 8,701 44,363 Change in working capital - 10,511 12,283 -48,025 -60,782 -91,347 Cash flow from operating activities -8,979 9,079 -36,884 -52,081 -46,984 Cash flow from investing activities Acquisition of intangible assets -6,864 - 13,863 -21,910 -32,231 -41,447 Acquisition of tangible assets -87 -503 -87 - 1,005 - 1,433 Acquisition of financial assets - 1,089 -7 - 1,041 -88 25 Repayment of deposits 792 - 792 - - Other -936 - -936 - - Cash flow from investing activities -8, 184 -14,374 -23, 182 -33,324 -42,854 kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2025 Q1-Q4 Cash flow from financing activities New share issues 1 73,585 - 73,585 52,210 52,210 Costs related to new share issue -1 ,4 7 7 - -1 ,4 7 7 -480 -480 Warrant premiums - - 626 1, 168 1, 168 Change in liabilities to credit institutions 394 - 123 - −361 24,514 Change in loans from shareholders -28,444 - 8,556 - 15,000 Net change of overdraft account -6,468 10,514 7,735 47,921 9,509 Repayment of interest bearing debts -8,653 - - 17,406 - 1,985 - 1,985 Cash payments for principal portion of the lease liability -4,949 −5,358 - 15,093 - 15,574 -20,506 Cash flow from financing activities 23,988 5,033 56,526 82,898 79,430 Cash flow for the period 6,825 -261 -3,540 −2,507 -10,409 Change in cash and cash equivalents Cash and cash equivalents at the beginning of the period 1,242 20,504 11,483 24, 168 24, 168 Exchange rate differences in cash and cash equivalents 544 -360 668 −1,778 -2,277 Cash and cash equivalents at the end of the period 8,612 19,884 8,612 19,884 11,483 1 The share issue amount includes SEK 13.7 million settled through the offsetting of shareholder loans Consolidated cash flow statement in summary 4C Group Interim Report Q3 2026 12
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kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2025 Q1-Q4 Operating revenue Net sales 19,028 33,907 81,487 75,984 142,035 Other revenue 117 1 525 98 74 T otal revenue 19, 145 33,908 82,012 76,083 142, 109 Operating expenses Other external costs -20,089 -25,542 -66,522 -64,452 -84,453 Personnel costs - 18,063 -27,095 -60, 199 -70,917 -92,977 Other operating expenses - 182 -1 2 -776 -44 - 125 T otal operating expenses -38,334 -52,649 -127,496 -135,413 -177,555 Operating income before depreciation and amortization -19, 188 -18,741 -45,485 -59,331 -35,446 Depreciation and amortization -380 -388 - 1, 143 - 1, 162 - 1,544 Operating income -19,568 -19, 128 -46,628 -60,492 -36,990 Financial income and expenses 3,620 -3,310 12,280 - 17,086 -20,448 Income after financial items -15,949 -22,438 -34,348 -7 7,578 -57,438 Appropriations - - - -2,700 - Income before tax -15,949 -22,438 -34,348 -80,278 -57,438 T axes 3,310 4,848 7,049 16,494 11,716 Net income for the period -12,638 -17,590 -27,299 -63,784 -45,722 Parent company income statement 4C Group Interim Report Q3 2026 13
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kSEK 2026-09-30 2025-09-30 2025-12-31 ASSETS Fixed assets Intangible assets 1,256 2,261 2,009 T angible assets 678 1, 120 981 T otal intangible and tangible fixed assets 1,934 3,380 2,990 Financial fixed assets Shares in subsidiaries 21,638 21,680 21,680 Deferred tax asset 27,320 25,048 20,270 Contract assets 704 - - T otal financial fixed assets 49,662 46,729 41,951 T otal non-current assets 51,595 50, 109 44,941 Current assets Trade receivables - - - Current intercompany receivables 317,504 183,651 241,372 Contract assets 2,061 3,064 1,066 Other current receivables 3,360 3,372 1,727 Accrued income and prepaid expenses 9,566 9,228 8,663 Cash and cash equivalents 1 10,020 5 T otal current assets 332,491 209,334 252,833 T otal assets 384,086 259,443 297,7 73 kSEK 2026-09-30 2025-09-30 2025-12-31 EQUITY AND LIABILITIES Equity Restricted equity Share capital 854 670 670 T otal restricted equity 854 670 670 Unrestricted equity Additional paid in capital 292,585 220,035 220,035 Profit/loss brought forward -56,013 - 10,291 - 10,291 Net income for the period -27,299 −63,784 -45,722 T otal unrestricted equity 209,273 145,959 164,021 T otal equity 210, 127 146,629 164,691 Untaxed reserves - - - Interest-bearing non-current liabilities 324 1,560 1,264 T otal non-current liabilities 324 1,560 1,264 Current liabilities Interest-bearing current liabilities 24,852 1,092 16,264 Accounts payable 9,380 9,415 7,939 Current intercompany liabilities 119,514 83,047 83,478 Other current liabilities 9,600 6,623 13,795 Contract liabilities - 1,998 - Accrued expenses and prepaid income 10,289 9,078 10,343 T otal current liabilities 173,636 111,254 131,818 T otal equity and liabilities 384,086 259,443 297,7 73 Parent company balance statement 4C Group Interim Report Q3 2026 14
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Notes Accounting principles This Interim Report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts act. The group’s financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and the accounting policies which constitute the accounting standard for this Interim Report, are stated in the most recent annual report. New accounting principles that came into effect on 1 January 2026 have not had any significant impact on the Group’s reporting as of 30 September 2026. Preparing the financial reports in accordance with IFRS requires the 4C management team to decide on how to apply the accounting policies which may impact the reported figures of assets, liabilities and result. The Parent Company prepares its financial statements in accordance with the Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities. The same accounting policies have been applied in the Interim Report. In February 2026, the EU approved the new standard IFRS 18 Presentation and Disclosure in Financial Statements, which will become effective on 1 January 2027. 4C has initiated an initial analysis of the standard and is in the process of evaluating its potential impact on the Group’s financial reporting. The assessment of the effects will continue over the coming periods. Note that rounding in the financial tables may incur differences of maximally kSEK 1 in column subtotals or totals. The Company has simplified the presentation of certain key ratios, tables and notes in the report during the period, including the removal of previous labels such as adjusted performance measures. These changes relate solely to presentation and do not affect the calculation or comparability of the reported performance measures. Risks and uncertainties 4C Strategies is exposed to risks in its operations, both business and financial, and these are described together with other risks in the latest published report, the Annual Report, 16th of April 2026. The global environment continues to be characterised by geopolitical uncertainty and macroeconomic challenges, which may affect market conditions for businesses and organisations worldwide. At the same time, economic conditions have shown signs of recovery, although uncertainties remain regarding inflation, interest rates and global economic developments. 4C Strategies has implemented appropriate measures to ensure that existing risks are effectively managed. No additional changes to risk or uncertainty factors have been identified during the reporting period. Currency translations The Group operates in different countries and currently the following currencies are managed: Swedish Krona (SEK), Sterling Pound (GBP), US Dollar (USD), Norwegian Krone (NOK), Australian Dollar (AUD) and Euro (EUR). Assets and liabilities in foreign exchange are translated at the closing rate on the date of the balance statement. Transaction differences of operational balance items due to translation are recognized as ‘Other Revenue’ and ‘Other Operating Expenses’. The differences of other balance sheet items in foreign currency, such as ‘Cash and cash equivalents’, are recognized within financial items. Differences that occur from translating net sales and operating expenses in foreign currency are recognized under respective revenue and cost item. Transactions with related parties Transactions with related parties have been conducted on market terms. During the quarter, shareholder loans of SEK 28.4 million were repaid (including a set-off of SEK 13.7 million). As of 30 September 2026, the company’s shareholder loans amounted to SEK 23.6 million. Apart from the shareholder loans, no material related party transactions occurred during the period. Taxes The tax expense has been based on the earnings in each subsidiary and the current tax situation in each domestic area. Earnings per share The calculation of Earnings per share is based on the period’s earnings in the Group attributable to the parent company’s owners and on the weighted average number of shares outstanding during the period. When calculating Earnings per share after dilution, the average number of shares is adjusted to take into account the effects of issued options. The dilution effect from warrants is only accounted for if a conversion to shares results in a lower profit per share or a higher loss per share. Financial instruments The Group’s financial instruments are valued at accrued acquisition value. The carrying amount of all the Group’s financial instruments is considered to be a good approximation of the fair value. Segment summary The Group’s operating segments are divided into Defence, Resilience, and Expert Services. These operating segments have the same business model, i.e. sales and delivery. The operating segments are reported in compliance with the internal reporting structure as provided to the chief operating decision maker for the Group (CODM). The CODM is the function responsible for allocation of resources and assessment of the operating segments’ profit or loss. In the Group, this function is identified as the Chief Executive Officer. During the year, the Group updated its segment structure from a geographical to a business-based organization, in order to better reflect the Group’s internal management and performance monitoring. Comparative figures have been restated to reflect the new segment structure. Operating segments are assessed based on net sales and EBITDA. The evaluation excludes the management of assets and liabilities, which are instead managed centrally by Group Management. To provide a more accurate view of each segment’s performance, the line “internal costs” includes both intercompany revenue and costs and is therefore netted out at Group level. Internal transactions between segments refer to cost allocation related to the use of shared resources. The scope of intersegment transactions has been expanded to include personnel working on external customer projects. As of July 2026, a greater proportion of personnel costs for employees working on external customer projects is allocated between segments. The change is applied retrospectively from the beginning of the year and affects reported segment EBITDA, but not the Group’s earnings. 4C Group Interim Report Q3 2026 15
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kSEK Defence Resilience Expert Services T otal Segment Group Common Group Q3 2026 Software 36, 133 3,598 - 39,731 - 39,731 Software-related services 10,890 1,332 - 12,222 - 12,222 Expert Services - - 15,340 15,340 - 15,340 Net sales 47,024 4,930 15,340 67,293 - 67,293 Other revenue 426 1,328 39 1,793 104 1,897 T otal revenue 47,450 6,258 15,379 69,086 104 69, 190 Capitalized work for own account - - - - 6,864 6,864 Personnel costs - 16,558 - 1,793 -9,008 -27,359 -22,500 -49,859 Operating costs 1 -7,385 - 1,251 -4,435 -13,070 -4,795 -17,865 Internal transactions -2,758 -510 - 117 -3,385 3,385 - T otal cost -26,700 -3,553 -13,560 -43,814 -17,046 -60,860 EBITDA 20,749 2,704 1,818 25,272 -16,942 8,330 1 Other external expenses also include other operating expenses as presented in the Group’s income statement. kSEK Defence Resilience Expert Services T otal Segment Group Common Group Q3 2025 Software 47, 110 1,434 - 48,544 - 48,544 Software-related services 10,631 1,554 - 12, 185 - 12, 185 Expert services - - 11,992 11,992 - 11,992 Net sales 57,741 2,988 11,992 72,720 - 72,720 Other revenue 62 58 -40 80 9 89 T otal revenue 57,803 3,046 11,951 72,800 9 72,809 Capitalized work for own account - - - - 13,863 13,863 Personnel costs - 17,015 -4,531 -7,620 -29, 166 -36,876 -66,042 Operating costs -6,954 -3, 122 -2,446 -12,522 -8,894 -21,416 Internal transactions 150 108 -325 -67 67 - T otal cost -23,819 -7,544 -10,391 -41,754 -31,840 -73,595 EBITDA 33,985 -4,499 1,560 31,046 -31,832 -785 Segment reporting 4C Group Interim Report Q3 2026 16
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kSEK Defence Resilience Expert Services T otal Segment Group Common Group Q1-Q3 2026 Software 127, 123 8,433 - 135,556 - 135,556 Software-related services 32,690 6,501 - 39, 191 - 39, 191 Expert Services - - 47,989 47,989 - 47,989 Net sales 159,813 14,935 47,989 222,736 - 222,736 Other revenue 706 1,583 152 2,441 857 3,298 T otal revenue 160,519 16,517 48, 141 225, 177 857 226,034 Capitalized work for own account - - - - 21,910 21,910 Personnel costs -46,691 -7,916 -30,374 -84,981 -83,059 -168,040 Operating costs - 17, 117 -3, 134 - 13,663 -33,913 -20,497 -54,410 Internal transactions -6,935 -2,810 - 1,800 -11,546 11,546 - T otal cost -70,743 -13,860 -45,837 -130,440 -70, 100 -200,540 EBITDA 89,776 2,657 2,304 94,738 -69,243 25,494 kSEK Defence Resilience Expert Services T otal Segment Group Common Group Q1-Q3 2025 Software 132,954 7,956 - 140,910 - 140,910 Software-related services 46,713 6 ,1 9 7 - 52,910 - 52,910 Expert services - - 45,442 45,442 - 45,442 Net sales 179,667 14, 153 45,442 239,263 - 239,263 Other revenue 282 136 158 576 107 684 T otal revenue 179,949 14,289 45,600 239,839 107 239,946 Capitalized work for own account - - - - 32,231 32,231 Personnel costs -44,753 - 15,795 -26,496 -87,044 - 104,447 -191,491 Operating costs -21,392 -7,706 -8,438 -37,536 -26,878 -64,414 Internal transactions 218 416 - 1,399 -766 766 - T otal cost -65,927 -23,085 -36,333 -125,345 -98,328 -223,674 EBITDA 114,022 -8,795 9,267 114,494 -98,221 16,273 Segment reporting 4C Group Interim Report Q3 2026 17
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Net sales by income stream The Group’s income streams are Software, Software-related services and Expert services. Software consists of revenue from our Exonaut software which can be divided into licenses, software development and service and support agreements (SSA). Software-related services refers to software consultancy related to Exonaut. Software consultancy involves both implementation and integration of software, as well as Managed Services. Expert services incorporate our advisory and consulting services which refer to building risk, business continuity and crisis management capability of organizations. kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 Software 39,731 48,544 135,556 140,910 Software-related services 12,222 12, 185 39, 191 52,910 Expert services 15,340 11,992 47,989 45,442 Net sales 67,293 72,720 222,736 239,263 Key Ratios Alternative Performance measures (APM) Alternative performance measures (APM) have been identified, which are believed to enhance management and investors’ possibility to evaluate the company’s performance. The APMs presented in the report may differ from equivalently named measures used by other companies, thereby a definition of each measure can be found under the section Key Ratios. The APMs should be seen as a supplement to the key ratios defined by IFRS. FX adjusted organic net sales growth FX adjusted organic net sales growth consists of organic net sales growth adjusted for foreign exchange effects. The measure neutralizes the effects of currency effects on the net sales growth and indicates what the real growth is. This is a financial target for 4C. kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 Software 39,731 48,544 135,556 140,910 Software-related services 12,222 12, 185 39, 191 52,910 Expert services 15,340 11,992 47,989 45,442 Net sales 67,293 72,720 222,736 239,263 Net sales growth (%) -7% –22% -7% 4% FX adjusted organic net sales growth (%) - 10% – 18% -5% 8% The currency translation effect on net sales growth during the quarter amounted to 3 percent (-4). Net sales by geographic region The Group’s net sales are distributed across three main geographical regions: EMEA, APAC and North America. EMEA represents the largest market, followed by North America and APAC. The presentation of net sales by geographical region is intended to provide an overview of how the Group’s revenues are distributed across different regions. kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 EMEA 54,773 39,831 175,874 139,756 APAC 1,898 5,366 2,563 11,663 North America 10,347 27,523 43,611 87,844 Rest of the world 275 - 689 - Net sales 67,293 72,720 222,736 239,263 4C Group Interim Report Q3 2026 18
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Software revenue Software revenue consists of revenue from our Exonaut software. Software as a percentage of net sales indicates the share of total sales that is derived from Exonaut sales. This is a financial target for 4C. kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 Software 39,731 48,544 135,556 140,910 Software-related services 12,222 12, 185 39, 191 52,910 Expert services 15,340 11,992 47,989 45,442 Net sales 67,293 72,720 222,736 239,263 Software as a percentage of net sales (%) 59% 67% 61% 59% Annual recurring software revenue (ARR) Recurring revenue at the last month of the quarter, recalculated to a 12-month period. There is thus no direct connection between the ARR-figure and future software revenues. The figure should be seen as an indication. The total recognized recurring revenue is affected by contract initiation date and especially, by the initiation date of contract extensions. The company has updated the definition of Annual Recurring Revenue (ARR), whereby software-related service revenues are no longer included. The purpose is to more clearly reflect the company’s recurring software revenues. Comparative figures have been restated in accordance with the new definition. kSEK 2026 Q3 2025 Q3 Recurring software revenue 181,308 173,466 Annual recurring software revenue 181,308 173,466 Annual recurring software revenue growth (%) 5% 48% EBITDA Earnings before depreciation and amortization on fixed assets. The measure indicates the performance of the operational activities. kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 Operating income -6, 146 −11,689 - 13,413 −14,677 Depreciation 5,567 5,820 16,462 17,294 Amortization 8,909 5,083 22,445 13,655 EBITDA 8,330 −785 25,494 16,273 Net sales 67,293 72,720 222,736 239,263 EBITDA (%) 12% −1% 11% 7% EBIT Earnings before interest and tax. The measure indicates the performance of the operational activities including the cost of capital investments and the company’s earning ability. kSEK 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 Operating income -6, 146 −11,689 - 13,413 −14,677 EBIT -6, 146 −11,689 -13,413 −14,677 Net sales 67,293 72,720 222,736 239,263 EBIT (%) -9% −16% -6% −6% 4C Group Interim Report Q3 2026 19
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Net working capital Net of current assets excluding cash and cash equivalents, and current liabilities excluding interest- bearing items. The purpose is to show the business’ short term liquidity and operational efficiency. kSEK 2026-09-30 2025-09-30 2025-12-31 Current assets excl cash and cash equivalents 236,212 198, 157 215,782 Current liabilities excl interest-bearing items 91,940 87,483 94,332 Net working capital 144,272 110,675 121,450 Net debt Net of cash and cash equivalents and interest-bearing liabilities. Net debt ratio calculated as a multiple of EBITDA L TM. The measure shows the real level of debt and indicates the ability to fulfil financial commitments. kSEK 2026-09-30 2025-09-30 2025-12-31 Interest-bearing non-current liabilities 20,852 22,913 20,588 Interest-bearing current liabilities 111,908 109,529 110,653 Cash and cash equivalents 8,612 19,884 11,483 Net debt 124, 148 112,558 119,759 EBITDA L TM 60,613 53,874 51,391 Net debt ratio 2.05 2.09 2.33 Earnings per share Earnings per share and Earnings per share after dilution are defined in accordance to IFRS. 2026 Q3 2025 Q3 2026 Q1- Q3 2025 Q1- Q3 Weighted average number of shares 46,006,092 40,005,399 42,065,819 40,005,399 Weighted average number of warrants - 12,212 - 12,212 Weighted average number of shares after dilution 46,006,092 40,005,399 42,065,819 40,005,399 The dilution effect from warrants is only accounted for if a conversion to shares results in a lower profit per share or a higher loss per share. Comparative figures for earnings per share and the weighted average number of shares have been restated using an adjustment factor of 1.0467 to reflect the bonus element of the 2026 rights issue (IAS 33.64). 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 Net income for the period (kSEK) -4,313 −13,329 -7,060 −31,719 Income attributable to Parent company's shareholders (kSEK) -4,313 −13,329 -7,060 −31,719 Weighted average number of shares 46,006,092 40,005,399 42,065,819 40,005,399 Earnings per share before dilution (SEK) -0.09 -0.33 - 0.1 7 -0.79 Weighted average number of shares after dilution 46,006,092 40,005,399 42,065,819 40,005,399 Earnings per share after dilution (SEK) -0.09 -0.33 - 0.1 7 -0.79 4C Group Interim Report Q3 2026 20
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Selected historical financials mSEK 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2025 2024 Net sales 67.3 95.4 6 0.1 113. 1 72.7 75.6 90.9 113. 1 93.8 352.4 343. 1 Net sales growth (%) -7% 26% -34% 0% -22% 25% 20% 5% 91% 3% 3% FX adjusted organic net sales growth (%) - 10% 28% -28% 6% - 18% 33% 19% 2% 93% 7% 2% Software revenue 39.7 63.9 31.9 84.0 48.5 42. 1 50.2 83.0 72.3 225.0 235.2 Software as a percentage of net sales (%) 59% 67% 53% 74% 67% 56% 55% 73% 77% 64% 69% Annual recurring software revenue 181.3 166.8 1 5 7.1 181.0 173.5 147.4 147.3 129.2 117.5 181.0 129.2 EBITDA 8.3 26.2 -9.0 35. 1 -0.8 - 1.2 18.3 37.6 2 6 .1 51.4 36.8 EBITDA margin (%) 12% 27% -1 5 % 31% -1 % -2% 20% 33% 28% 15% 11% EBIT - 6 .1 13.2 -20.4 23.3 - 11.7 - 12.0 9.0 26.5 16.3 8.6 -5.9 EBIT margin (%) -9% 14% -34% 21% - 16% - 16% 10% 23% 17% 2% -2% Net income for the period -4.3 15. 1 - 17.8 15.0 - 13.3 -9.0 -9.4 24.3 11. 1 - 16.8 -3.5 Earnings per share before dilution (SEK) -0.09 0.38 -0.45 0.37 -0.33 -0.22 -0.24 0.66 0.30 -0.42 -0.09 Earnings per share after dilution (SEK) -0.09 0.38 -0.45 0.37 -0.33 -0.22 -0.24 0.66 0.30 -0.42 -0.09 Net working capital 144.3 128.0 136.8 121.5 110.7 135.8 95.2 64.2 76.7 121.5 64.2 Net debt 124. 1 170.6 160.9 119.8 112.6 97.4 53.2 67.4 89.3 119.8 67.4 Order intake 55.5 685.9 91.3 185.0 59.9 53.2 202.9 194.4 93.5 500.9 379.2 Order backlog 946.6 959.7 363.5 332. 1 281.5 298.3 319.6 199.9 113.7 332. 1 199.9 4C Group Interim Report Q3 2026 214C Group Interim Report Q3 2026 21
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Definitions Annual recurring software revenue (ARR) Recurring revenue in the last month of the quarter, recalculated to a 12-month period. There is thus no direct connection between the ARR- figure and future software revenues. The figure should be seen as an indication. EBIT Operating income before financial income and expenses, and taxes. EBIT margin EBIT as a percentage of net sales. EBITDA Operating income before depreciation and amortization. EBITDA margin EBITDA as a percentage of net sales. EBT Income before taxes, after financial income and expenses. Earnings per share after dilution Net income divided by the average number of shares after dilution during the period. Earnings per share before dilution Net income divided by the average number of shares during the period. Equity ratio Total equity as a percentage of total assets. Expert services The total revenue of advisory and consulting related income. FX adjusted organic net sales growth Organic growth in net sales adjusted for foreign exchange effects. kSEK The currency Swedish Krona in thousands. LT M Latest twelve months, the past 12 consecutive months. mSEK The currency Swedish Krona in millions. Net debt Net of cash and cash equivalents and interest- bearing liabilities. Net debt ratio Net debt in relation to EBITDA LTM. Net income Net profit after tax. Net sales The total revenue of software, software-related services and expert services. Net working capital Net of current assets excluding cash and cash equivalents, and current liabilities excluding interest-bearing items. Number of employees Number of employees are presented as an average of full-time employees during the last 12-month period considering normal working hours during a year. Order backlog The value of customer orders received but not yet delivered or recognized as revenue at the end of the period. Order intake The value of new customer orders received during the period. Other revenue The total revenue of FX-effects and items that cannot be defined into one of the other categories. SEK The currency Swedish Krona. Software (revenue) The total revenue from our Exonaut software, which can be divided into licenses and software development, as well as income from service and support agreements (SSA). Software-related services Software-related services refer to the implementation and integration of the software, as well as revenue from Managed Services. 4C Group Interim Report Q3 2026 22
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This is 4C Strategies 4C Strategies 4C Strategies is the leading provider of defence training management software and a trusted partner in building resilience. By combining innovative technology with operational expertise, we help our clients prepare for and manage complex events in times of stability, crisis, and war. For more than 25 years we’ve enabled armed forces to train smarter, prepare faster, and strengthen combat readiness. Our Exonaut Defence Platform is a proven, data-driven solution for planning, executing, and evaluating training and exercises, trusted by NATO and allied forces worldwide. Beyond defence, our experts and software strengthen resilience across organizations, enabling global enterprises, public organizations, and leading international institutions to anticipate threats, respond to crises and disruptions, and recover quickly. At 4C, we combine cutting-edge digital solutions with real-world expertise to deliver readiness when it matters most. And with offices around the world, we are never far away. 4C Strategies has its headquarters in Sweden and a global presence, with offices in Sweden, the UK, the US and Australia. Sustainability 4C Strategies recognizes that its business activities have direct and indirect environmental and social impacts, which the company believes it has an obligation to manage to the best of its abilities. Therefore, 4C Strategies has since 2005 been a member of the UN Global Compact, an initiative designed to encourage companies to adopt sustainable and socially responsible policies and to report on their implementation to bring about positive change in human rights, labour, the environment, and corruption. For more examples of our sustainability work, please visit our website: investors.4cstrategies.com. Our values 4C is a value-driven organization. Our core values are primarily regard how we live and inter- act with each other, as well as with customers, partners, providers and other stake holders. They are summed up in four words. Lead with Integrity Do what’s right for 4C and our customers. Innovate to Solve Problems We challenge the status quo, learn from failure and always find better ways to deliver value. Own the Customer Outcome Our success is measured by the results we deliver for our customers. Stronger as One 4C Collaboration beats silos. Financial targets Vision 4C’s vision is to always be the preferred provider of solutions that create and maintain organizational readiness. Mission 4C’s mission is to combine the power of digital innovation with industrial expertise to build a safe society. Dividend policy : The board of directors have determined that generated cash flow is to be used for investments and further growth in the company, and no dividend is proposed in the short and medium term. 4C Strategies strives to achieve an average annual currency-adjusted organic net sales growth exceeding 20 per cent in the medium term. 20% 4C Strategies strives for software revenue to exceed 70 per cent of net sales in the medium term. 70% 4C Strategies aims to achieve an EBIT margin of at least 20 per cent in the medium term. 20% 4C Group Interim Report Q3 2026 23
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4C Group AB (publ) 556706-0412 Vattugatan 17 111 52 Stockholm Sweden Visit 4C Investor Relations for more information. Brisbane 23 Dunmore Terrace Auchenflower Queensland 4066 Brisbane Australia Malmö Neptunigatan 42 211 18 Malmö Sweden Stockholm (HQ) Vattugatan 17 111 52 Stockholm Sweden Washington 1765 Greensboro Station Place Suite 900 McLean V A 22102 USA London Nova North 11 Bressenden Place London SW1E 5BY United Kingdom Orlando Resource Square III 12001 Research Park way Orlando Florida 32826 USA Warminster The Design Centre Roman Way Warminster BA12 8SP United Kingdom