Interim report
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January–September Interim report Q3 2026 Ambea AB (publ) Corp. Reg. No. 556468-4354
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Introduction From a strong position towards new opportunities Third quarter July–September • Net sales rose 8 per cent to SEK 4,447 million (4,114). Organic growth was 5 per cent, acquired growth was 2 per cent and the currency effect was 1 per cent. • Adjusted EBITA, which excludes items affecting com- parability, amounted to SEK 668 million (570), repre- senting a margin of 15.0 per cent (13.9). • Items affecting comparability amounted to SEK –23 million (–5) and pertained to transaction costs attribu- table to the public offer to acquire Humana. The previous year included an expense for items affecting comparability of SEK 5 million for integration costs in connection with the acquisition of Validia. • EBITA amounted to SEK 645 million (565), representing a margin of 14.5 per cent (13.7). • Operating profit (EBIT) totalled SEK 619 million (539). • Earnings per share amounted to SEK 4.86 (3.83) before dilution and SEK 4.86 (3.82) after dilution. First nine months January–September • Net sales rose 10 per cent to SEK 13,054 million (11,846). Organic growth was 4 per cent, acquired growth was 5 per cent and the currency effect was 1 per cent. • Adjusted EBITA, which excludes items affecting comparability, amounted to SEK 1,445 million (1,188), representing a margin of 11.1 per cent (10.0). • Items affecting comparability amounted to SEK –42 million (–60) and pertained to transaction costs attributable to the public offer to acquire Humana. The previous year included an expense for items affecting comparability of SEK 60 million for transaction and integration costs in connection with the acquisition of Validia. • EBITA amounted to SEK 1,403 million (1,128), represen- ting a margin of 10.7 per cent (9.5). • Operating profit (EBIT) totalled SEK 1,327 million (1,077). • Earnings per share amounted to SEK 8.95 (6.38) before dilution and SEK 8.94 (6.37) after dilution. Significant events • Ambea completed the share buyback programme, repurchasing 5,560,658 of its own shares. The prog- ramme was launched in connection with the public offer to Humana’s shareholders. Events after the balance-sheet date • Ambea has completed the recommended public offer to the shareholders of Humana and acquired 98 per cent of the shares outstanding in the company. Read more on page 30. • Nytida has acquired Imera AB, which operates LSS group homes and daily activity units. The company reported revenue of SEK 77 million for the 2024/2025 financial year. The acquisition was completed on 1 October 2026. Consolidated key figures 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Jan–Sep ∆% RTM Jan–Dec Net sales 4,447 4,114 8 13,054 11,846 10 17,247 16,039 Adjusted EBITA* 668 570 17 1,445 1,188 22 1,792 1,535 Operating margin, adjusted EBITA (%)* 15.0 13.9 11.1 10.0 10.4 9.6 EBITA* 645 565 14 1,403 1,128 24 1,730 1,455 Operating margin, EBITA (%)* 14.5 13.7 10.7 9.5 10.0 9.1 Operating profit, EBIT 619 539 15 1,327 1,077 23 1,629 1,379 Operating margin, EBIT (%)* 13.9 13.1 10.2 9.1 9.4 8.6 Profit for the period 380 322 18 715 535 34 845 665 Earnings per share before dilution, SEK 4.86 3.83 27 8.95 6.38 40 10.46 7.95 Earnings per share after dilution, SEK 4.86 3.82 27 8.94 6.37 40 10.45 7.92 Cash conversion (%)* 74.5 73.7 79.5 78.7 94.6 95.9 Free cash flow* 586 482 22 1,449 1,168 24 2,333 2,052 * Alternative performance measures. For reconciliation of financial statements to IFRS, see Note 8. For purpose and definition, see https:/ /ambea.com/investor-relations/reports/key-financial-figures-definitions Contents Introduction ........................................................ 2 Quality and sustainability ................................. 4 Reporting ............................................................ 7 Group ...................................................................7 Nytida ................................................................ 10 Vardaga .............................................................. 11 Stendi ................................................................. 12 Validia ................................................................ 13 Altiden ................................................................ 14 Klara and Lära .................................................... 15 Group financial statements .............................. 20 Parent Company financial statements ............. 24 Notes ................................................................. 26 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 2 Quality and sustainability Introduction Reporting
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CEO statement: From a strong position towards new opportunities T he third quarter was both strong and highly eventful for Ambea. We are now ready to merge Ambea and Humana, two complementary care companies with a shared commitment to quality, responsibility and a long-term approach. Together, we will become an even stronger partner to society and the people we care for, with a significant presence across the four largest Nordic countries. Favourable growth across the Nordics The need for care continues to grow across the Nordics. Our operations served more care receivers during the quarter, at the same time as we continued to build ca- pacity to meet future needs. We are doing this together with our clients to achieve one clear objective: enough safe and sustainable care for all. Revenue growth for the quarter was in line with our long-term growth target at 8 per cent. Organic growth amounted to 5 per cent, acquired growth was 2 per cent and the currency effect was 1 per cent. Validia in Finland reported the strongest growth, mainly fuelled by acquisitions, with support from higher occupancy and new care places. Business areas perform at a high level There was strong growth across the business, and it is encouraging that all business areas delivered robust earnings. Nytida reported growth driven by routine adjustments and ongoing operational improvements, while at Vardaga higher occupancy and successful openings in previous quarters are having a positive effect. At Stendi, the transformation programme con- tinued to deliver good results in a market with stable demand. Validia’s earnings were in line with the previous year. We are investing in Validia as a growth platform which, in the short term, is having an expected negative impact on margins. At Altiden, occupancy increased further, contributing to improved margins. Satisfied care receivers Growth and healthy earnings require a high and consis- tent standard of care. Vardaga continues to receive positive ratings in the National Board of Health and Welfare’s care receiver survey in Sweden and satisfaction was up from the previous year. The progress in treatment is particularly gratifying. This is an area in which we take a long-term approach through training initiatives and our care model, The Good Day. The operations are now incorporating the findings into local action plans for each nursing home, as con- crete improvement efforts are crucial to the daily lives of those receiving care and to the trust we have earned from our clients. We publish the care receiver survey results for all nursing homes on Vardaga’s website. Building capacity where it is needed Demand for care is growing faster than capacity in several of our markets. Vardaga signed contracts for two nursing homes in the Stockholm area with a total of 220 care places in the quarter. Nytida signed contracts for two daily activity units with a total of 40 care places, and Stendi signed contracts for three care units with a total of 14 care places. Expanding our operations through more Own Management operations is a long-term priority, and we are therefore actively seeking new opportunities to establish a presence in all countries. Every new care place must meet a genuine need and be based on the right expertise, quality and local conditions. As our pipeline – now totalling nearly 2,500 new care places – continues to grow, so do our recruitment needs. We will therefore continue to invest in professional devel- opment and to strengthen vital local leadership. Taking the next step in our combination with Humana Our public offer to Humana’s shareholders was comple- ted in October and we can now take the next step in combining our operations. I would therefore like to take this opportunity to welcome our new care receivers, employees and shareholders to Ambea. We have also begun the integration process, focusing on leveraging the best aspects of both organisations and creating the con- ditions for increased knowledge sharing across our Nordic operations. The combination strengthens our ability to provide high-quality, safe and personalised care, create attractive development opportunities for our employees and build long-term partnerships with our clients. While we have a lot of work ahead of us, we also have the opportunity to mould a shared path forward. We are taking it one step at a time, with respect for our mission, our care receivers and our employees. I would like to extend a heartfelt thank you to all our employees for another successful quarter, in which more people received the support and care they need to live better and more personalised lives. Mark Jensen, President and CEO Ambea Together with Humana, we will become an even stronger partner to society and the people we care for, with a significant presence across the four largest Nordic countries. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 3 Quality and sustainability Introduction Reporting
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Quality and sustainability Quality and sustainability that create quality of life Our mission is to create enough safe and sustainable care for all. To achieve this, we have established a robust quality management system that permeates all areas of our operations. Our approach to quality management is based on our vision, our values and the skills of our emp- loyees. We also have clear systems and procedures to support this approach. The aim is that it should be easy for employees to do the right thing, and to spend their time on the right things – care that creates quality of life and value. We use a Quality Index to monitor our care units on a monthly basis. The index consists of eight selected qual- ity and HR metrics that show us the status of each unit, and allow us to monitor our operations systematically. Sustainable care For sustainability issues, we work with an Environmen tal, Social and Governance (ESG) framework that en com pas- ses all of our sustainability practices and performance. Pursuant to the new EU requirements, we published our Annual Report 2025 together with a Sustainability Report, which provides clearer structure and increased trans- parency for our operations’ sustainability agenda and reporting. E We are working actively to achieve climate-smart care. This means that we are working to reduce the carbon footprint of our food, consumables, premises and transportation. Our climate targets have been approved by the Science Based Targets initiative (SBTi). The approved near-term targets entail Ambea’s commit- ment to reducing its GHG emissions in its own opera- tions (Scope 1 and 2) by 58.8 per cent by 2034 and to reducing emissions in the value chain (Scope 3) by 63.8 per cent per million SEK of value added over the same period, compared with 2024 levels. S Social sustainability is ingrained in our DNA. In this area, we are focused on quality, leadership, health and safety, diversity and inclusion, and on spreading knowledge and developing the skills of our own and the sector’s employees. G Our operations are characterised by robust control, transparency and trust, based on compliance with internal and external regulations and procedures. We Contribute to public debate with our knowledge and use our size to influence society and our sector. By working actively with quality and sustainability, we are contributing to social development and helping to future-proof care. Since 2023, we have trained employ- ees from Ukraine to become care and nursing assistants, an initiative that gives more people the opportu- nity to grow in the field of care. Reporting Quality and sustainability Introduction Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 4
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Quality and sustainability updates 29 employees trained as care assistants During the quarter, 29 of our Ukrainian employees at Vardaga and Nytida completed their care assistant training. Over the past year, the participants have combined working in our operations with vocational studies and learning Swedish as a second language. The programme, which is part of Ambea’s partnership with the Beredskapslyftet non-profit organisation, has been in place since 2023 and aims to improve Ukrainians’ opportu- nities in the Swedish labour market while helping to ensure a sufficient supply of skilled workers in the care sector. The participants received their diplomas at Vardaga’s nursing home in Saltsjöbaden, where Svitlana Zalishchuk, Ukraine’s ambassador to Sweden, was among the guests. “We are proud to be here today. The support, help and the kind words have given us the strength to move forward. You haven’t just educated us – you’ve helped us build a new life,” says Iryna Kramarchuk (second from the right in the photo), a care assistant at the Nytida Vipan supported living facility outside Stockholm. The care assistant training was the first step, and the participants are now continuing their studies to become nursing assistants. What do the elderly think about elderly care? The National Board of Health and Welfare’s 2026 care receiver survey shows high levels of satisfaction among care receivers at Vardaga’s nursing homes. Satisfaction is also high among home care recipients, with 86.6 per cent reporting that they are satisfied with the care they receive. The responses give us important insight into how care is experienced and they are used in the continued improvement of our operations. The results for each nursing home are available on Vardaga’s website. SATISFACTION 81.0% Average private 81.5%*, municipal 79.3% TREATMENT 93.1% Average private 92.5%*, municipal 91.2% ACTIVITIES 63.9% Average private 63.4%*, municipal 50.9% *including Vardaga Award for long-term inclusion initiatives Ambea has won the Diversity Charter Sweden Awards 2026 in the category An Inclusive Labour Market for All. The award recognises our long-term engage- ment in language support, mentoring and introduction, which help enable more people to work in the care sector. Over the past ten years, nearly 3,000 people have joined our operations through various labour market schemes. The jury specifically highlighted how we have drawn on experience from our operations and integrated language support and mentoring in our day-to- day activities. New trainee programme for future leaders Ambea has started a new 18-month trainee programme to strengthen our internal leadership pipeline and develop individuals who can, in the long term, assume leadership roles in our staff functions. The programme starts trainees in our care facilities so they gain an understan- ding of the mission and daily operations in the care sector. The first trainees have backgrounds in economics, engineering and psychology. “What attracted me was the opportunity to test different areas of operations and to spend a period working in Norway or Denmark. It also feels great to work at a company where our actions make a real difference in people’s lives,” says Ella Runnquist, who holds a master’s in economics from Karlstad University. Exercise and community on your terms Validia once again participated as a partner in the FightBack Run in Turku. The event was founded by freestyle skier Pekka Hyysalo and the FightBack organisation, and focuses on physical activity and community, with participants challenging themselves according to their own abilities. Validia is one of Pekka’s partners, and rehabilitation at Validia has been part of his recovery following a serious brain injury he suffered in a skiing accident in 2010. FOOD AND MEALS 73.4% Average private 72.0%*, municipal 68.9% Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 5 Reporting Quality and sustainability Introduction
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Ambea’s KPIs for quality and social sustainability Target Outcome Q3 2026 Outcome Q3 2025 Comments Ambea’s Quality Index An aggregated score of eight quality and HR KPIs. Scale of 1–10 >7.50 7.60 7.68 Ambea’s Quality Index remains above the target of 7.50 with a score of 7.60 for the quarter compared with 7.68 for the same quarter last year. The introduction of the new MiraQ quality management system is ongoing and operations have focused on its implementation. Adoption has taken off quickly and is expected to increase further as the system becomes established across the Nordics. Report breakdown for Ambea’s Quality Index 1 Perceived care Care receivers’ view of our care and operations. Scale of 1–100 >87.5% 86% 88% The score was 86 per cent, compared with 88 per cent for the same quarter last year, and is based on the most recent out- comes from the annual customer surveys in all business areas. National surveys are conducted in Sweden, while other countries run their own. All business areas work systematically to improve all aspects of their operations. 2 Employee satisfaction Employee surveys are performed on a regular basis during the year to measure satisfaction and engagement. Scale of 0–100 >75 72 72 Employee satisfaction was unchanged year-on-year at 72, which is one index point above the benchmark but below the target level of 75. All business areas work with targets and focus areas, both at central and at local levels, as well as on improvements within each operation. The survey is conducted six times a year. 3 Leadership Index The employees’ view of leadership at Ambea. Scale of 0–100 >80 76 76 The Leadership Index stood at 76, unchanged from the same quarter last year and below the target of 80. The survey is an in- depth questionnaire in which employees evaluate their immediate supervisor against Ambea’s prioritised leadership qualities, so there is no external benchmark. All operations use feedback, local measures and follow-up to develop leadership. 4 Recommendation of Ambea Whether the employee would recommend Ambea as an employer. eNPS scale –100 – +100 >+20 +25* +26* The most recent score was +25 and pertains to Q2 2026. The survey is conducted twice a year and no new measurement was taken in Q3. 5 Internal control Control and follow-up of compliance in the operations with the quality management system. Scale of 0–2 >1.85 1.88 1.87 The self-assessment score was 1.88, compared with 1.87 for the same quarter last year. The implementation of the new MiraQ quality management system involves a transition from self-assessments twice a year to monthly assessments. The aim is to spread the work more evenly across the year and to support ongoing improvement as well as the monitoring of quality and regulatory compliance 6 Improvement Index Improvement measures implemented and documented in operations. Scale of 0–10 >7.50 7.33 7.58 The Improvement Index stood at 7.33, compared with 7.58 for the same quarter last year, and is below the target of 7.50. The index reflects the extent to which identified improvements are being implemented. Scores at Vardaga and Nytida have been temporarily affected by the implementation of MiraQ. In the run-up to the transition, more improvement targets were com- pleted than usual. This resulted in higher scores prior to implementation and lower scores in the months that followed. Since then, activity levels and the number of improvement targets in the new system have increased. * Outcome is unchanged compared with the preceding quarter since no new survey was conducted during the quarter. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 6 Reporting Quality and sustainability Introduction
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Reporting Group Third quarter Net sales Net sales rose 8 per cent to SEK 4,447 million (4,114). Organic growth was 5 per cent, acquired growth was 2 per cent and the currency effect was 1 per cent. Net sales in own management rose 10 per cent to SEK 3,679 million (3,334). All business areas helped drive growth, which was primarily attributable to higher occupancy at newly opened nursing homes at Vardaga, acquired operational units at Validia and higher com- pensation levels at Stendi. Net sales in contract management amounted to SEK 730 million (742). The decreased sales derived from terminated contracts in Vardaga and Altiden. Net sales in competence and staffing solutions amounted to SEK 38 million (38), which was in line with the previous year. Earnings Adjusted EBITA rose 17 per cent to SEK 668 million (570). The earnings improvement was primarily driven by higher occupancy at Vardaga and Nytida, combined with increased staffing efficiency at Nytida and Stendi. The adjusted EBITA margin was 15.0 per cent (13.9). Items affecting comparability amounted to SEK –23 million (–5) and pertained to transaction costs attribu table to the public offer to acquire Humana. The previous year included an expense for items affecting comparability of SEK 5 million for integration costs in connection with the acquisition of Validia. EBITA increased 14 per cent to SEK 645 million (565). The EBITA margin was 14.5 per cent (13.7). EBIT rose 15 per cent to SEK 619 million (539), represen- ting a margin of 13.9 per cent (13.1). Net financial items Net financial items for the period amounted to an expense of SEK –132 million (–126). Of this amount, SEK –94 million (–91) pertained to interest on lease liabilities, SEK –46 million (–41) to interest and financial expenses/ income, and SEK 8 million (6) to exchange rate fluctua- tions. Income tax Tax expense for the period was SEK –107 million (–91), corresponding to an effective tax rate of 22 per cent (22). Profit Profit for the period totalled SEK 380 million (322), corre- sponding to earnings per share of SEK 4.86 (3.83) before dilution and SEK 4.86 (3.82) after dilution. Cash flow Free cash flow for the period increased to SEK 586 million (482). Free cash flow, excluding IFRS 16 effects, amounted to SEK 265 million (167). The increase in cash flow was mainly attributable to improved earnings. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 7 Quality and sustainability Introduction Reporting Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 7
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Reporting Group First nine months January–September Net sales Net sales rose 10 per cent to SEK 13,054 million (11,846). Organic growth was 4 per cent, acquired growth was 5 per cent and the currency effect was 1 per cent. Net sales in own management rose 13 per cent to SEK 10,750 million (9,512). The growth was due to the acquired Validia business area in Finland. Other contributory factors included increased occupancy at Vardaga, com- pleted acquisitions in Nytida and higher compensation at Stendi. Net sales in contract management amounted to SEK 2,182 million (2,188). The decreased sales pertained to contracts terminated in Altiden and Vardaga, but were offset by newly started contracts in Nytida. Net sales in competence and staffing solutions amounted to SEK 122 million (146). The decrease was attributable to challenges related to demand for services in Klara. Earnings Adjusted EBITA rose 22 per cent to SEK 1,445 million (1,188). The improvement in earnings was primarily driven by higher occupancy rates at Vardaga, supported by positive contributions from improved occupancy and acquisitions at Nytida. The adjusted EBITA margin was 11.1 per cent (10.0). Items affecting comparability amounted to SEK –42 million (–60) and pertained to transaction costs attribut- able to the public offer to acquire Humana. The previous year included an expense for items affecting comparabi- lity of SEK 60 million for transaction and integration costs in connection with the acquisition of Validia. EBITA increased 24 per cent to SEK 1,403 million (1,128). The EBITA margin was 10.7 per cent (9.5). EBIT rose 23 per cent to SEK 1,327 million (1,077), repre- senting a margin of 10.2 per cent (9.1). Net financial items Net financial items for the period amounted to an expense of SEK –409 million (–376). Of this amount, SEK –281 million (–264) pertained to interest on lease liabilities, SEK –126 million (–118) to interest and financial expenses/ income, and SEK –2 million (6) to exchange rate fluctua- tions. Income tax Tax expense for the period was SEK –203 million (–166), corresponding to an effective tax rate of 22 per cent (24). Profit Profit for the period totalled SEK 715 million (535), corre- sponding to earnings per share of SEK 8.95 (6.38) before dilution and SEK 8.94 (6.37) after dilution. Cash flow Free cash flow for the period increased to SEK 1,449 million (1,168). Free cash flow, excluding IFRS 16 effects, amounted to SEK 469 million (264). The increase in cash flow was mainly attributable to improved earnings. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 8 Quality and sustainability Introduction Reporting Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 8
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Cash flow 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec EBITDA* 1,028 931 2,547 2,187 3,244 2,884 Adjustment for non-cash items –2 –3 –9 –13 –13 –17 Change in working capital −218 −240 −433 −377 −53 3 Cash flow from investments in fixed assets1 −43 –13 −97 −87 −127 −117 Operating cash flow, including investments to increase capacity* 765 675 2,008 1,710 3,051 2,753 Net interest paid −131 −123 −405 −378 −491 −464 Tax paid −48 −70 −154 −164 −227 −237 Free cash flow* 586 482 1,449 1,168 2,333 2,052 Acquisitions of subsidiaries and investment in financial instruments – 2 −96 −1,175 −195 −1,274 Cash flow from financing activities −638 –471 −1,473 236 −2,381 −672 Cash flow for the period −52 13 −120 229 −243 106 1) of which sales of fixed assets 5 15 13 16 19 22 Operating cash flow, excluding IFRS 16 effects* 350 269 746 542 1,373 1,169 Free cash flow, excluding IFRS 16 effects* 265 167 469 264 1,029 824 Financial position Excl. IFRS 16 effects Incl. IFRS 16 effects 2026 2025 2025 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec 30 Sep 30 Sep 31 Dec Net interest-bearing debt* 4,369 3,389 3,214 13,821 12,867 12,510 Rolling 12 months adjusted EBITDA* 1,624 1,392 1,391 3,306 2,912 2,964 Net debt/Rolling 12-months adjusted EBITDA* 2.7 2.4 2.3 4.2 4.4 4.2 *Alternative performance measures. For reconciliation of financial statements to IFRS, purpose and definitions see ambea.com/investor-relations/reports/key-financial-figures-definitions Net sales by segment July–September 2026 B 33% A 27% C 21% E 8% NytidaA VardagaB StendiC ValidiaD AltidenE KlaraF D 10% F 1% Net sales by contract model July–September 2026 Own managementA Contract managementB StaffingC A 83% B 16% C 1% Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 9 Quality and sustainability Introduction Reporting
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Higher occupancy strengthened earnings Nytida provides support and care for children, youth and adults with lifelong disabilities and psychosocial prob- lems. Nytida offers residential facilities, daily activity units, support for individuals and families, and schools for more than 5,000 care receivers in around 490 units across Swe- den. Using proven models and in-depth knowledge, our employees help to strengthen the ability of individuals to live an independent life. The quarter During the quarter, Nytida signed rental agreements to expand two existing facilities, one in Norrtälje and one in Stockholm, by 20 care places each, adding 40 care places in total. Net sales rose 4 per cent year-on-year to SEK 1,194 million (1,148). Net sales in own management amounted to SEK 960 million (923), up 4 per cent. This growth was primarily attributable to higher occupancy at existing units and contributions from newly opened and acquired operational units. Net sales in contract management amounted to SEK 234 million (225). The increase was linked to agreed price indexations and a posi- tive net effect between new and terminated management contracts. EBITA increased 10 per cent to SEK 214 million (194). This positive trend was driven by better alignment of demand and capacity across the various services, combined with more efficient use of staffing resources. The EBITA margin was 17.9 per cent (16.9). First nine months January–September Net sales rose 5 per cent year-on-year to SEK 3,574 million (3,420). Net sales in own management amounted to SEK 2,883 million (2,763), up 4 per cent. Growth was mainly driven by higher occu- 40 Number of newly signed care places under own management in the quarter. EBITA margin RTM % 2026 10 12 14 16 18 Q3Q2Q1Q4Q3Q2Q1Q4Q3 12.7 12.7 12.9 13.2 2024 13.5 13.2 12.3 2025 12.0 12.4 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Jan–Sep ∆% RTM Jan–Dec Net sales 1,194 1,148 4 3,574 3,420 5 4,752 4,598 EBITA* 214 194 10 497 439 13 641 583 Operating margin, EBITA (%)* 17.9 16.9 13.9 12.8 13.5 12.7 * Alternative performance measures. pan cy in existing and start-up units, supported by contributions from acquired operations. Net sales in contract management amounted to SEK 691 million (657). The increase was linked to the positive net effect between start-up and terminated management contracts. EBITA increased 13 per cent to SEK 497 million (439). This positive trend was due to previously completed acquisitions and improved occupancy, particularly for start-up units. The EBITA margin was 13.9 per cent (12.8). Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 10 Quality and sustainability Introduction Reporting
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Strong earnings and agreements for new nursing homes At Vardaga’s over 110 nursing homes across Sweden, we offer elderly care where every day matters. We provide around 8,000 care receivers with expertise and safety in our nursing homes, and in home care. Our employees work to ensure quality of life and a sense of security for each individual. The quarter Vardaga reported another strong quarter with a positive occupancy development. Rental agreements were signed for two new nursing homes in the Stockholm area with a total of 220 care places in the quarter. Net sales rose 6 per cent year-on-year to SEK 1,465 million (1,381). Net sales in own management amounted to SEK 1,051 million (952), up 10 per cent. The growth was driven by higher occupancy in newly opened and established nursing homes. Net sales in contract management amounted to SEK 414 million (429), down 3 per cent. The decrease was due to a negative net effect between start-up and terminated management contracts. EBITA increased 25 per cent to SEK 222 million (177). The strong earnings were driven by higher occupancy both in new and in estab- lished nursing homes. The EBITA margin was 15.2 per cent (12.8). First nine months January–September Net sales rose 7 per cent year-on-year to SEK 4,327 million (4,052). Net sales in own management amounted to SEK 3,075 million (2,782), up 11 per cent. The growth was driven by higher occupancy in new nursing homes and supported by previously completed acquisitions. 220 Number of newly signed care places under own management in the quarter. EBITA margin RTM % 6 8 10 12 14 Q3Q2Q1Q4Q3Q2Q1Q4Q3 11.0 9.7 A B 11.0 9.5 A Mature units** B Total Vardaga 20262024 11.4 10.0 11.9 10.6 10.9 9.2 11.0 9.7 2025 11.0 9.7 11.1 9.8 11.1 9.6 ** Mature units do not include nursing homes under own management that were opened after Q3 2024, or nursing homes that are not yet open. 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Jan–Sep ∆% RTM Jan–Dec Net sales 1,465 1,381 6 4,327 4,052 7 5,729 5,454 EBITA* 222 177 25 490 403 22 607 520 Operating margin, EBITA (%)* 15.2 12.8 11.3 9.9 10.6 9.5 Operating margin, EBITA mature units (%)* 16.0 14.3 12.5 11.4 11.9 11.0 * Alternative performance measures. Net sales in contract management amounted to SEK 1,252 million (1,270). EBITA increased 22 per cent to SEK 490 million (403). The increase in earnings was driven by higher occupancy in new nursing homes, but was offset by start-up costs for several recently opened operatio- nal units. The EBITA margin was 11.3 per cent (9.9). Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 11 Quality and sustainability Introduction Reporting
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Improved earnings following operational adjustments Stendi is the largest care provider in Norway and runs nationwide operations in disability and psychosocial care for adults, children and youth. We have about 850 care receivers and more than 300 units across Norway, and work every day to strengthen individuals and create quality of life. The quarter Earlier adjustments at Stendi had a positive impact in the quarter. Efforts to create larger, more efficient units are continuing and are expected to improve capacity utilisation and further strengthen earnings. During the quarter, Stendi signed contracts for three new care units, providing 14 new care places in total. Net sales amounted to SEK 933 million (818). Sales rose 6 per cent in local currency. The growth in sales was driven by a higher share of care receivers with high compensation and supported by higher occupancy. All operations in Stendi are conducted under own management. EBITA was SEK 120 million (100). The earnings improvement was primarily driven by increased staffing efficiency, resulting from pre- viously implemented operational adjustments. The EBITA margin was 12.9 per cent (12.2). First nine months January–September Net sales amounted to SEK 2,664 million (2,464). Sales rose 4 per cent in local currency. All operations in Stendi are conducted under own management. The development in the period was attributable to a larger share of care receivers with higher compensation levels. EBITA was SEK 231 million (197). The earnings improvement derived 75 Number of care places under own management under construction. EBITA margin RTM % 2025 20262024 4 6 8 10 12 Q3Q2Q1Q4Q3Q2Q1Q4Q3 9.4 10.0 7.4 7.7 9.3 10.3 8.8 7.2 6.8 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Jan–Sep ∆% RTM Jan–Dec Net sales 933 818 14 2,664 2,464 8 3,488 3,288 EBITA* 120 100 20 231 197 17 270 236 Operating margin, EBITA (%)* 12.9 12.2 8.7 8.0 7.7 7.2 * Alternative performance measures. from increased staffing efficiency. Earnings also benefited from a positive effect of SEK 8 million related to a revised pension arrange- ment for nurses in Norway. The EBITA margin was 8.7 per cent (8.0). Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 12 Quality and sustainability Introduction Reporting
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Strong acquisition-driven growth Validia offers nationwide care for children, youth and families as well as residential facilities, personal assistance, daily activity units and rehabilitation for people with physi- cal, intellectual and other disabilities. We have approxi- mately 60 units across Finland and almost 2,700 care receivers. Each day we empower individuals and create inclusion and quality of life. The quarter During the quarter, Validia opened a new residential facility with 63 care places, while three smaller residential facilities were closed and their care receivers transferred to the new facility. Net sales amounted to SEK 455 million (388). Sales rose 17 per cent in local currency. Performance during the quarter was primarily driven by the newly acquired operations in the new sub-segment for care services for children and youth. All operations in Validia are conducted under own management. EBITA was SEK 60 million (59). Validia reported stable earnings, despite start-up costs related to the recently completed acquisitions and the establishment of the new child welfare operations. The EBITA margin was 13.2 per cent (15.2). First nine months January–September (April–Septem- ber 2025) Since 1 April 2025, Validia has been part of Ambea. This means that no comparative figures are available for the portion of the compara- tive period pertaining to the first quarter of 2025. Net sales amounted to SEK 1,321 million (763). All operations in Validia are conducted under own management. EBITA was SEK 143 million (98). The EBITA margin was 10.8 per cent (12.8). 49 Number of care places under own management under construction. EBITA margin R3–12M %** 2025 20262024 8 10 12 14 16 Q3Q2Q1Q4Q3Q2Q1Q4Q3 10.4 12.8 11.1 10.8 10.5 10.1 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Apr–Sep ∆% RTM Apr–Dec Net sales 455 388 17 1,321 763 – 1,731 1,173 EBITA* 60 59 2 143 98 – 175 130 Operating margin, EBITA (%)* 13.2 15.2 10.8 12.8 10.1 11.1 * Alternative performance measures. ** EBITA margin only during Ambea’s ownership. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 13 Quality and sustainability Introduction Reporting
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Continued earnings improvement Altiden is the largest private care provider in Denmark, with about 50 operational units in elderly care, disability care and social care. We have about 750 care receivers, and work to ensure quality of life for each individual, with a focus on security and development. The quarter Altiden continued to improve earnings in the quarter, driven by higher occupancy and improved staffing efficiency. During the quarter, two municipalities decided to remunicipalise the operation of four elderly care contract management operations when the contracts expire in the first half of 2027. The decisions were expected and are in line with market trends: under the reform of elderly care in Denmark, which took effect in 2025, nursing homes are operated almost exclusively by municipalities or as private nursing homes under own management. The remunicipalisations will reduce Altiden’s revenue by approxima- tely SEK 320 million on an annualised basis. The margin on these contracts has been lower than Altiden’s average. Net sales amounted to SEK 362 million (341). Sales rose 7 per cent in local currency. Net sales in own management amounted to SEK 280 million (253). Sales rose 11 per cent in local currency. The increase was driven primarily by higher occupancy in social care, but was also supported by improved occupancy in the elderly care segment. Net sales in contract management amounted to SEK 82 million (88). Sales declined 6 per cent in local currency. The decrease was due to the termination of one social care contract. EBITA was SEK 51 million (39). This positive development was driven by continued improvement in occupancy, combined with increased staffing efficiency in operations. The EBITA margin was 14.1 per cent (11.4). 309 Number of care places under own management under construction. EBITA margin RTM % 2025 20262024 -2 0 2 4 6 8 Q3Q2Q1Q4Q3Q2Q1Q4Q3 1.0 3.4 6.8 -0.9 2.3 4.4 4.4 5.2 6.1 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Jan–Sep ∆% RTM Jan–Dec Net sales 362 341 6 1,046 1,001 4 1,376 1,331 EBITA* 51 39 31 83 48 73 94 59 Operating margin, EBITA (%)* 14.1 11.4 7.9 4.8 6.8 4.4 * Alternative performance measures. First nine months January–September Net sales amounted to SEK 1,046 million (1,001). Sales rose 7 per cent in local currency. Net sales in own management amounted to SEK 807 million (740). Sales rose 11 per cent in local currency. The increase was driven by higher occupancy both in social and in elderly care. Net sales in contract management amounted to SEK 239 million (261). Sales declined 6 per cent in local currency. The decrease was due to the termination of one social care contract. EBITA was SEK 83 million (48). The positive change was due to the improved performance in terms of occupancy as well as to continued operational gains. The EBITA margin was 7.9 per cent (4.8). Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 14 Quality and sustainability Introduction Reporting
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Increased demand for mobile team services Klara is one of the leading providers of staffing solutions for schools and elderly and social care in Sweden, with a focus on mobile teams of qualified professionals (HSL teams), student health services and staffing. Lära is one of the leading providers in Sweden in training and skills development for social care, healthcare, schools and social work. The quarter Net sales rose 6 per cent to SEK 91 million (86). The increase was due to higher demand for Klara’s mobile team services. EBITA decreased 11 per cent to SEK 8 million (9). The EBITA margin was 8.8 per cent (10.5). First nine months January–September Net sales decreased 7 per cent to SEK 271 million (290). The decrease was due to weaker demand for several of Klara’s services. A histori- cally good supply of nurses has led some customers to employ their own staff instead of purchasing various services. EBITA was SEK 25 million (26). Klara has adjusted its cost base to the weaker demand and successfully worked with transitioning to more value-creating services. The EBITA margin was 9.2 per cent (9.0). 10.1% The EBITA margin was 10.1 per cent (RTM). EBITA margin RTM % 2025 20262024 6 8 10 12 Q3Q2Q1Q4Q3Q2Q1Q4Q3 8.6 9.8 10.1 9.3 8.4 9.4 9.3 10.4 10.5 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep ∆% Jan–Sep Jan–Sep ∆% RTM Jan–Dec Net sales 91 86 6 271 290 –7 368 387 EBITA* 8 9 –11 25 26 –4 37 38 Operating margin, EBITA (%)* 8.8 10.5 9.2 9.0 10.1 9.8 * Alternative performance measures. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 15 Quality and sustainability Introduction Reporting
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Operational key figures 2026 2026 2026 2025 2025 Care places Q3 Q2 Q1 Q4 Q3 Ambea Number of care places in operation under own manage- ment on the closing date 12,191 12,194 12,143 11,883 11,617 Number of care places opened under own management (RTM) 465 484 438 272 164 Number of care places under own management under construction 2,444 2,225 1,982 1,695 1,621 Confirmed management contract start-ups/terminations, SEK million* –410 –160 –191 –106 −51 Nytida Number of care places in operation under own manage- ment 5,393 5,404 5,380 5,398 5,311 Number of care places opened under own management (RTM) 85 92 51 80 56 Number of care places under own management under construction 251 211 173 160 158 Confirmed management contract start-ups/terminations, SEK million* 12 39 13 22 2 Vardaga Number of care places in operation under own manage- ment 4,005 4,005 4,005 3,829 3,737 Number of care places opened under own management (RTM) 264 336 336 160 72 Number of care places under own management under construction 1,760 1,540 1,460 1,396 1,334 Confirmed management contract start-ups/terminations, SEK million* –102 –199 –204 –128 −15 2026 2026 2026 2025 2025 Care places Q3 Q2 Q1 Q4 Q3 Stendi Number of care places in operation under own manage- ment 704 710 696 673 692 Number of care places opened under own management (RTM) 53 56 51 32 36 Number of care places under own management under construction 75 56 77 61 51 Validia Number of care places in operation under own manage- ment 1,589 1,569 1,556 1,477 1,373 Number of care places opened under own management (RTM) 63 – – – – Number of care places under own management under construction 49 109 88 78 78 Altiden Number of care places in operation under own manage- ment 500 506 506 506 504 Number of care places opened under own management (RTM) – – – – – Number of care places under own management under construction 309 309 184 – – Confirmed management contract start-ups/terminations, SEK million* –320 – – – –38 *Net of confirmed contract management start-ups/terminations in the coming 12 months. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 16 Quality and sustainability Introduction Reporting
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Other events Legal proceedings regarding costs for temporary care workers in Norway Through the acquisition of the operations of Aleris Omsorg in 2019, Ambea has been party to an ongoing legal proceeding in Norway regarding costs for tempo- rary care workers. Historically, Aleris had used a consid- erable number of consultants to staff some of its ope- rations. Since the acquisition of Aleris, Ambea has been working actively to increase the proportion of permanent employees in the operations. In 2021, a judgment was handed down in favour of the temporary consultants, granting them the right to additional compensation for overtime, holidays and pension for the time they were engaged as consultants. A subsequent proceeding has been ongoing regarding the limitation periods for some of the compensation. In the fourth quarter of 2021, Ambea made a provision of SEK 145 million to cover esti- mated additional claims and legal costs. The majority of the previous provision was settled in 2025 and 2026, and as of 30 September 2026, the current remaining provision for known and unknown claims amounted to SEK 7 million. Related-party transactions During the quarter, there were no transactions between Ambea and related parties with any material impact on the company’s position and earnings. The nature and volume of transactions remained unchanged during the period compared with the previous year. Events after the balance-sheet date Ambea has completed the recommended public offer to the shareholders of Humana and acquired 98 per cent of the shares outstanding in the company. Humana will be consolidated as of 1 October 2026, and compulsory redemption proceedings for the remaining shares out- standing have commenced. Read more on page 30. Nytida has acquired Imera AB, which operates LSS group homes and daily activity units. The company reported revenue of SEK 77 million for the 2024/2025 financial year. The acquisition of the company was com- pleted on 1 October 2026. Seasonal variations Ambea’s operating profit is affected by seasonal varia- tions, weekends and public holidays. Weekends and public holidays reduce Ambea’s profi- tability due to higher personnel costs for inconvenient working hours. Most of the public holidays in countries where the company has operations normally fall in the second quarter. In some years, Easter may fall in the first quarter and then affect its profitability. Christmas and New Year affect the first and fourth quarters. The company’s personnel costs are affected in a similar manner when employees take out their holidays. For example, the company is most profitable in the third quarter, as employees usually take their holidays during July and August and therefore receive holiday pay that is continuously accrued throughout the year. Costs also tend to be lower in the summer months due to a reduced schedule for central activities, such as mandatory training programmes and central initiatives, during this period. Employees During the quarter, the average number of full-time employees (FTEs) was 18,206 (17,862), and the increase was due to acquired and start-up units. Number of shares As of 30 September 2026, the total number of shares in Ambea was 80,384,424, of which Ambea holds 5,560,658 own shares in treasury. Accordingly, the num- ber of shares outstanding totalled 74,823,766. During the quarter, 5,485,658 shares were bought back under the framework of the share buyback programme launched in connection with the public offer to Humana’s share- holders. After the end of the quarter, all 5,560,658 own shares in treasury were used as part payment for the acquisition of Humana, furthermore, 8,641,622 new shares were issued and used as an additional consideration. Follow- ing the new share issue, the total number of shares in Ambea is 89,026,046. As of 3 November 2026, the date the interim report was approved for publication, Ambea holds no own shares in treasury. Risks and uncertainties Ambea is exposed to a variety of risks and attaches great importance to continuously analysing, minimising and managing these risks. The risk assessment is also a key element of the annual strategy process, where risks in relation to the company’s ability to achieve its financial targets and strategic ambitions are specifically evaluated. Ambea has identified a number of risks in the categories of external risks, operational risks and risks associated with governance. For a description of the specific risks and how they are managed, refer to pages 50–52 of the 2025 Annual Report. The company’s risks and uncertainties related to its existing operations are deemed to be unchanged compared to those described in the 2025 Annual Report. Risks related to the acquisi- tion of Humana are also described in the offer document and the prospectus for the recommended public offer. The Board of Directors’ assurance The Board of Directors and CEO hereby provide their assurance that this interim report provides a true and fair view of the operations, financial position and earnings of the Parent Company and the Group, and describes the material risks and uncertainties facing the Parent Company and the companies in the Group. The content of this interim report was adopted on 3 November 2026. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 17 Quality and sustainability Introduction Reporting
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Stockholm, 3 November 2026 Presentation of the third quarter of 2026 Ambea will hold a presentation for the financial market, with the possibility to participate by phone, at 10.00 a.m. CET on Wednesday, 4 November 2026. The presentation will be held in English, and available as a webcast at ambea.com or via Direct Link: https:/ /edge.media-server.com/mmc/p/dtyj6zma The quarterly report and related presentation will be available at ambea.com/investor-relations/reports/reports-and-presentations Join conference by phone To join the conference call, register before the call using the link below. When you regis- ter, you will receive a dial-in number and a unique dial-in PIN. Conference call registration https:/ /register-conf.media-server.com/register/BIe08c3e6144fd4bfc8eef250230a59119 Contact Benno Eliasson, CFO ir@ambea.se Financial calendar • Year-end report 2026, 11 February 2027 • Q1 interim report for 2027, 4 May 2027 • Q2 interim report for 2027, 19 August 2027 This information is such that Ambea AB (publ) is obliged to publish pursuant to the EU Market Abuse Regulation. Mark Jensen President and CEO Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 18 Quality and sustainability Introduction Reporting
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Review report Ambea AB (publ), corporate identity number 556468-4354 Introduction We have reviewed the condensed interim report for Ambea AB (publ) as at September 30, 2026 and for the nine months period then ended. The Board of Direc- tors and the Managing Director are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclu- sion on this interim report based on our review. Scope of review We conducted our review in accordance with the Inter- national Standard on Review Engagements, ISRE 2410 Review of Interim Financial Statements Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analyti- cal and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other gen- erally accepted auditing standards in Sweden. The procedures performed in a review do not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act regarding the Group, and in accordance with the Swedish Annual Accounts Act regarding the Parent Company. Stockholm, 3 November 2026 Ernst & Young AB Mikael Sjölander Authorized Public Accountant Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 19 Quality and sustainability Introduction Reporting
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Consolidated earnings in summary 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Operating income Net sales 4,447 4,114 13,054 11,846 17,247 16,039 Other operating income 30 31 89 107 153 171 Operating income 4,477 4,145 13,143 11,953 17,400 16,210 Operating expenses Consumables −141 −144 −419 −405 −570 −556 Other external costs −423 −377 −1,259 −1,141 −1,725 −1,607 Personnel costs −2,885 −2,694 −8,922 −8,223 −11,868 −11,169 Depreciation, amortisation and impairment −409 −392 −1,220 −1,110 −1,615 −1,505 Other operating expenses 0 1 4 3 7 6 Operating expenses −3,858 −3,606 −11,816 −10,876 −15,771 −14,831 Operating profit 619 539 1,327 1,077 1,629 1,379 Financial income 0 6 0 6 –6 0 Financial expenses −132 −132 −409 −382 −547 −520 Net financial items −132 −126 −409 −376 −553 −520 Profit before tax 487 413 918 701 1,076 859 Tax on profit for the period −107 −91 −203 −166 −231 −194 Profit for the period 380 322 715 535 845 665 Profit for the period attributable to shareholders of the Parent Company 380 322 715 535 845 665 Earnings per share before dilution, SEK 4.86 3.83 8.95 6.38 10.46 7.95 Earnings per share after dilution, SEK 4.86 3.82 8.94 6.37 10.45 7.92 Consolidated statement of comprehensive income in summary 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Profit for the period after tax 380 322 715 535 845 665 Other comprehensive income, items not transferable to profit or loss Remeasurement of defined-benefit pension plans 0 0 –7 14 3 24 Tax related to remeasurement of defined-benefit pension plans 0 0 2 –3 −1 –6 Total items not transferable to profit or loss 0 0 –5 11 2 18 Other comprehensive income, items transferable to profit or loss Translation differences 88 12 176 –14 121 −69 Hedging of net investments in foreign operations −44 1 −100 18 −79 39 Cash flow hedges 18 6 24 –4 27 −1 Cash flow hedge reserve – 1 – 1 1 2 Remeasurement of tenant-owned apartments – – – – 1 1 Tax 5 –2 16 –3 11 –8 Total items transferable to profit or loss 67 18 116 −2 82 –36 Total other comprehensive income 67 18 111 9 84 –18 Total comprehensive income for the period 447 340 826 544 929 647 Comprehensive income for the period attributable to shareholders of the Parent Company 447 340 826 544 929 647 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 20 Quality and sustainability Introduction Reporting
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Earnings per share 2026 2025 2026 2025 2025 Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Profit for the period attributable to shareholders of the Parent Company, SEK million 380 322 715 535 845 665 Earnings per share before dilution Average number of shares, thousand 78,137 84,101 79,922 83,816 80,782 83,695 Earnings per share before dilution, SEK 4.86 3.83 8.95 6.38 10.46 7.95 Earnings per share after dilution Average number of shares, thousand 78,207 84,331 79,975 84,028 80,834 83,938 Earnings per share after dilution, SEK 4.86 3.82 8.94 6.37 10.45 7.92 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 21 Quality and sustainability Introduction Reporting
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Consolidated balance sheet in summary 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec Assets Fixed assets Goodwill 8,632 8,328 8,330 Customer contracts and customer relationships 459 483 480 Other intangible assets 49 40 43 Right-of-use assets 9,143 9,248 9,043 Tangible assets 437 394 396 Derivative instruments 29 4 6 Surplus in funded pension plans – 18 6 Deferred tax assets 183 220 175 Non-current receivables 135 154 139 Total fixed assets 19,067 18,889 18,618 Current assets Accounts receivable 1,580 1,464 1,464 Other receivables 96 164 79 Prepaid expenses and accrued income 193 166 181 Cash and cash equivalents 17 259 133 Total current assets 1,886 2,053 1,857 Total assets 20,953 20,942 20,475 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec Equity and liabilities Equity Share capital 2 2 2 Other capital contributions 6,243 6,212 6,215 Reserves 35 −58 −90 Retained earnings, including profit for the year −1,646 –797 −927 Total equity 4,634 5,359 5,200 Non-current liabilities Non-current interest-bearing liabilities 2,989 2,522 2,115 Lease liabilities 8,321 8,428 8,220 Other non-interest-bearing liabilities – 18 3 Other provisions 10 8 6 Deferred tax liabilities 333 360 359 Total non-current liabilities 11,653 11,336 10,703 Current liabilities Commercial paper 1,396 1,125 1,232 Lease liabilities 1,132 1,051 1,076 Accounts payable 310 360 465 Other provisions 2 8 6 Tax liabilities 163 139 87 Other non-interest-bearing liabilities 129 173 210 Accrued expenses and deferred income 1,534 1,391 1,496 Total current liabilities 4,666 4,247 4,572 Total equity and liabilities 20,953 20,942 20,475 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 22 Quality and sustainability Introduction Reporting
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Consolidated statement of changes in equity in summary 2026 2025 2025 SEK million Jan–Sep Jan–Sep Jan–Dec Opening balance 5,200 4,986 4,986 Comprehensive income 826 544 647 New share issue 28 14 14 Warrants issued – – 3 Share buybacks −1,208 −220 −485 Exercise of repurchased shares 0 220 220 Dividends −212 −185 −185 Closing balance 4,634 5,359 5,200 Consolidated cash flow statement in summary 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Operating activities Profit before financial items 619 539 1,327 1,077 1,629 1,379 Depreciation, amortisation and impairment 409 392 1,220 1,110 1,615 1,505 Capital gains/losses –2 –5 –9 –7 –19 –17 Changes in provisions 0 1 0 –6 6 0 Total non-cash items 407 388 1,211 1,097 1,602 1,488 Net interest paid −131 −123 −405 −378 −491 −464 Tax paid −48 −70 −154 −164 −227 −237 Cash flow from operating activities before changes in work- ing capital 847 734 1,979 1,632 2,513 2,166 Cash flow from changes in working capital Decrease/increase in receivables 89 2 −77 −96 –6 –25 Decrease/increase in current liabilities −307 −242 −356 −281 −47 28 Cash flow from operating activities 629 494 1,546 1,255 2,460 2,169 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Investing activities Acquisition of tangible assets –33 –22 −93 −90 −125 −122 Acquisition of intangible assets −15 –4 –17 –10 –24 –17 Sale of fixed assets 5 15 13 16 19 22 Acquisition of subsidiaries – 2 −96 −1,175 −189 −1,268 Investments in financial instruments – −1 – –3 –3 –6 Cash flow from investing activities −43 −10 −193 −1,262 −322 −1,391 Cash flow after investments 586 484 1,353 –7 2,138 778 Financing activities Loans raised 1,395 1,174 4,158 4,320 7,187 7,349 Repayment of debt −1,441 −1,046 −3,995 −3,231 −6,826 −6,062 Repayment of lease liabilities −331 −316 −990 −904 −1,308 −1,222 Net change in checking account 694 −283 748 442 239 −67 New share issue – – 28 14 28 14 Cost of loans raised –2 – –2 −1 –18 –17 Premiums for warrants – – – – 3 3 Share buybacks −953 – −1,208 −219 −1,474 −485 Dividends paid – – −212 −185 −212 −185 Cash flow from financing activities −638 −471 −1,473 236 −2,381 −672 Cash flow for the period −52 13 −120 229 −243 106 Cash and cash equivalents on the opening date 62 247 133 28 259 28 Exchange rate differences in cash and cash equivalents 7 −1 4 2 1 −1 Cash and cash equivalents on the closing date 17 259 17 259 17 133 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 23 Quality and sustainability Introduction Reporting
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Parent Company income statement in summary 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Operating income Other operating income 0 0 0 23 −23 0 Operating income 0 0 0 23 –23 0 Operating expenses Other external costs –27 –4 −55 −40 −38 −23 Personnel costs –4 –3 –13 −12 –18 –17 Amortisation of intangible assets 0 0 0 0 0 0 Operating expenses –31 –7 −68 −52 −56 −40 Operating profit/loss –31 –7 −68 −29 −79 −40 Financial items 51 –18 100 −40 118 –22 Profit/loss after financial items 20 −25 32 −69 39 −62 Appropriations – – – – 105 105 Profit/loss before tax 20 −25 32 −69 144 43 Tax on profit for the period – – – – –13 –13 Profit/loss for the period 20 −25 32 −69 131 30 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 24 Quality and sustainability Introduction Reporting
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Parent Company balance sheet in summary 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec Assets Fixed assets Intangible assets 0 0 0 Financial assets Participations in Group companies 7,432 7,432 7,432 Receivables from Group companies 1,267 577 1,095 Derivative instruments 0 2 1 Total fixed assets 8,699 8,011 8,528 Current assets Receivables from Group companies 4,482 4,524 4,408 Other receivables 27 47 13 Prepaid expenses and accrued income 4 11 4 Cash and cash equivalents – – 26 Total current assets 4,513 4,582 4,451 Total assets 13,212 12,593 12,979 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec Equity and liabilities Equity Restricted equity Share capital 2 2 2 Statutory reserve 0 0 0 Total restricted equity 2 2 2 Non-restricted equity Share premium reserve 1,471 1,443 1,443 Retained earnings −955 699 434 Profit/loss for the period 32 −69 30 Total non-restricted equity 548 2,073 1,907 Total equity 550 2,075 1,909 Untaxed reserves 105 117 105 Non-current liabilities Liabilities to credit institutions 2,888 2,580 2,136 Total non-current liabilities 2,888 2,580 2,136 Current liabilities Commercial paper 1,395 1,125 1,232 Accounts payable 4 – 5 Tax liabilities 13 19 8 Liabilities to Group companies 8,204 6,664 7,568 Other liabilities 0 0 0 Accrued expenses and deferred income 53 13 16 Total current liabilities 9,669 7,821 8,829 Total equity and liabilities 13,212 12,593 12,979 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 25 Quality and sustainability Introduction Reporting
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Notes NOTE 1 Accounting policies This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act, as well as the Swedish Corporate Reporting Board’s RFR 1, Supplementary Accounting Rules for Groups, and RFR 2 Accounting for Legal Entities. The accounting policies applied are consistent with those applied in the preparation of the most recent annual report. Since all amounts are rounded, rounding differences can occur. New or revised IFRSs as of 2026 None of the new or revised standards or interpretations effective from 1 January 2026 had any material impact on the financial statements of the Group or the Parent Company. No new or revised standards have been adopted in advance. IFRS 18 Presentation and Disclosure in Financial Statements enters force on 1 January 2027 and replaces IAS 1 Presentation of Financial Statements. During the third quarter of 2026, Ambea continued to analyse and identify the effects of applying the new standard in its financial statements, including the effects of the Humana acquisition. The preliminary assessment is that the standard will have no material effects. NOTE 2 Segment information Ambea’s operations consist of the following segments: • Nytida: Comprises social care services for children, youth and adults, and schools for children and youth with neuropsychiatric disorders in Sweden. • Vardaga: Comprises nursing homes and home care in Sweden. • Stendi: Comprises social care for children, youth and adults. We also offer personal assis- tance in Norway. • Validia: Comprises social care for children, youth and families as well as residential facil- ities, personal assistance, daily activity units and rehabilitation for people with physical, intellectual and other disabilities in Finland. • Altiden: Comprises social care for children, youth and adults as well as elderly care in Denmark. • Klara: Comprises competence and staffing solutions for social care, and student health services. Quarterly overview 2026 2026 2026 2025 2025 2025 2025 2024 2024 SEK million Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Net sales Nytida 1,194 1,199 1,181 1,178 1,148 1,150 1,122 1,108 1,056 Vardaga 1,465 1,439 1,423 1,402 1,381 1,358 1,313 1,306 1,288 Stendi 933 911 820 824 818 823 823 834 841 Validia 455 446 420 410 388 375 – – – Altiden 362 348 336 330 341 327 333 329 320 Klara 91 93 87 97 86 104 100 106 94 Group adjustments −53 −49 −47 −48 −48 −49 −47 −46 −44 Ambea 4,447 4,387 4,220 4,193 4,114 4,088 3,644 3,637 3,555 Adjusted EBITA Nytida 214 148 135 144 194 127 118 121 168 Vardaga 222 143 125 117 177 115 111 122 161 Stendi 120 54 57 39 100 29 68 93 121 Validia 60 41 42 32 59 39 – – – Altiden 51 13 19 11 39 1 8 10 25 Klara 8 8 9 12 9 9 8 11 10 Unallocated items –7 –10 –7 –8 –8 –9 –6 –13 –7 Ambea 668 397 380 347 570 311 307 344 478 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 26 Quality and sustainability Introduction Reporting
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NOTE 2 Segment information July–September 2026 SEK million Nytida Vardaga Stendi Validia Altiden Klara Unallocated items* Group adjustments Group Operating income Net sales 1,194 1,465 933 455 362 91 – −53 4,447 Other operating income 5 20 2 0 2 1 – – 30 Total income 1,199 1,485 935 455 364 92 – −53 4,477 Adjusted EBITA 214 222 120 60 51 8 –7 – 668 Adjusted EBITA margin, % 17.9 15.2 12.9 13.2 14.1 8.8 – – 15.0 Items affecting comparability – – – – – – −23 – −23 EBITA 214 222 120 60 51 8 –30 – 645 EBITA margin (%) 17.9 15.2 12.9 13.2 14.1 8.8 – – 14.5 Amortisation of intangible assets −26 Operating profit (EBIT) 619 Net financial items −132 Profit before tax 487 Tax on profit for the period −107 Profit for the period 380 Assets 6,754 7,395 2,471 2,760 1,337 289 −54 – 20,953 July–September 2025 SEK million Nytida Vardaga Stendi Validia Altiden Klara Unallocated items* Group adjustments Group Operating income Net sales 1,148 1,381 818 388 341 86 – −48 4,114 Other operating income 6 21 1 0 2 1 0 – 31 Total income 1,154 1,402 819 388 343 87 0 –48 4,145 Adjusted EBITA 194 177 100 59 39 9 –8 – 570 Adjusted EBITA margin, % 16.9 12.8 12.2 15.2 11.4 10.5 – – 13.9 Items affecting comparability – – – – – – –5 – –5 EBITA 194 177 100 59 39 9 –13 – 565 EBITA margin (%) 16.9 12.8 12.2 15.2 11.4 10.5 – – 13.7 Amortisation of intangible assets −26 Operating profit (EBIT) 539 Net financial items −126 Profit before tax 413 Tax on profit for the period −91 Profit for the period 322 Assets 6,955 7,521 2,087 2,437 1,360 301 281 – 20,942 *The ‘Unallocated items’ column consists of centrally approved costs Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 27 Quality and sustainability Introduction Reporting
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NOTE 2 Segment information January–September 2026 SEK million Nytida Vardaga Stendi Validia Altiden Klara Unallocated items* Group adjustments Group Operating income Net sales 3,574 4,327 2,664 1,321 1,046 271 – −149 13,054 Other operating income 15 60 3 1 7 3 – 0 89 Total income 3,589 4,387 2,667 1,322 1,053 274 – −149 13,143 Adjusted EBITA 497 490 231 143 83 25 –24 – 1,445 Adjusted EBITA margin, % 13.9 11.3 8.7 10.8 7.9 9.2 – – 11.1 Items affecting comparability – – – – – – –42 – –42 EBITA 497 490 231 143 83 25 –66 – 1,403 EBITA margin (%) 13.9 11.3 8.7 10.8 7.9 9.2 – – 10.7 Amortisation of intangible assets −76 Operating profit (EBIT) 1,327 Net financial items −409 Profit before tax 918 Tax on profit for the period −203 Profit for the period 715 Assets 6,754 7,395 2,471 2,760 1,337 289 −54 – 20,953 January–September 2025 SEK million Nytida Vardaga Stendi Validia Altiden Klara Unallocated items* Group adjustments Group Operating income Net sales 3,420 4,052 2,464 763 1,001 290 – −144 11,846 Other operating income 19 75 2 1 4 1 5 – 107 Total income 3,439 4,127 2,466 764 1,005 291 5 −144 11,953 Adjusted EBITA 439 403 197 98 48 26 −23 – 1,188 Adjusted EBITA margin, % 12.8 9.9 8.0 12.8 4.8 9.0 – – 10.0 Items affecting comparability – – – – – – −60 – −60 EBITA 439 403 197 98 48 26 −83 – 1,128 EBITA margin (%) 12.8 9.9 8.0 12.8 4.8 9.0 – – 9.5 Amortisation of intangible assets −51 Operating profit (EBIT) 1,077 Net financial items −376 Profit before tax 701 Tax on profit for the period −166 Profit for the period 535 Assets 6,955 7,521 2,087 2,437 1,360 301 281 – 20,942 *The ‘Unallocated items’ column consists of centrally approved costs Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 28 Quality and sustainability Introduction Reporting
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NOTE 3 Revenue from contracts with customers Type of service delivery (July–September) Nytida Vardaga Stendi Validia Altiden Klara Group eliminations Group SEK million 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Own Management 960 923 1,051 952 933 818 455 388 280 253 – – – – 3,679 3,334 Contract Management 234 225 414 429 – – – – 82 88 – – – – 730 742 Competence and staffing solutions – – – – – – – – – – 91 86 −53 −48 38 38 Total 1,194 1,148 1,465 1,381 933 818 455 388 362 341 91 86 −53 –48 4,447 4,114 Income External customers 1,194 1,148 1,465 1,381 933 818 455 388 362 341 38 38 – – 4,447 4,114 Revenue between segments – – – – – – – – – – 53 48 −53 −48 – – Total 1,194 1,148 1,465 1,381 933 818 455 388 362 341 91 86 −53 –48 4,447 4,114 Type of service delivery (January–September) Nytida Vardaga Stendi Validia Altiden Klara Group eliminations Group SEK million 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Own Management 2,883 2,763 3,075 2,782 2,664 2,464 1,321 763 807 740 – – – – 10,750 9,512 Contract Management 691 657 1,252 1,270 – – – – 239 261 – – – – 2,182 2,188 Competence and staffing solutions – – – – – – – – – – 271 290 −149 −144 122 146 Total 3,574 3,420 4,327 4,052 2,664 2,464 1,321 763 1,046 1,001 271 290 −149 −144 13,054 11,846 Income External customers 3,574 3,420 4,327 4,052 2,664 2,464 1,321 763 1,046 1,001 122 146 – – 13,054 11,846 Revenue between segments – – – – – – – – – – 149 144 −149 −144 – – Total 3,574 3,420 4,327 4,052 2,664 2,464 1,321 763 1,046 1,001 271 290 −149 −144 13,054 11,846 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 29 Quality and sustainability Introduction Reporting
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NOTE 4 Items affecting comparability 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Acquisition-related costs 23 5 42 60 62 80 Total items affecting comparability 23 5 42 60 62 80 Preliminary effect on financial position SEK million Sauma and Ehot The carrying amount of net identifiable assets excl. intangible assets 22 Intangible assets 26 Group goodwill 65 Total consideration (price of shares) 113 Less: cash and cash equivalents –17 Net change in cash 96 Acquisitions during the year Date Acquisition Operations Segments Annual sales 31 Jan 2026 Sauma Foster care and residential units for children and youth. Validia EUR 11 million 1 Jun 2026 Ehot Foster care and residential units for children and youth. Validia EUR 4 million 1 Oct 2026 Imera LSS group homes and daily activity units Nytida SEK 77 million 1 Oct 2026 Humana Nordic care group SEK 10,132 million Note 5 Business combinations On 31 January, all of the shares were acquired in Sauma Lastensuojelupalvelut Oy. The company provides child welfare services for children and youth in Finland. The consideration amounted to SEK 53 million. Transaction costs in connection with the acquisition were recognised as other external costs and amounted to SEK 5 million, of which SEK 4 million was recognised in 2025. Goodwill of SEK 30 million arose in conjunction with the acquisi- tion and corresponded to the difference between the consideration transferred and the acquired net identifi- able assets. Goodwill primarily pertains to synergies arising from coordination gains in administration. On 1 June, all of the shares were acquired in Ehot Oy, which provides care services for children and youth in Finland. The consideration amounted to SEK 60 million. Transaction costs in connection with the acquisition amounted to SEK 2 million, and were recognised as other external costs. Goodwill of SEK 35 million arose in con- junction with the acquisition and corresponded to the difference between the consideration transferred and the acquired net identifiable assets. Goodwill primarily pertains to synergies arising from coordination gains in administration. The acquisition analyses are preliminary. Since the acquisition date, the companies have con- tributed SEK 80 million to net sales and SEK –3 million to profit before tax. If the acquisitions had taken place on 1 January 2026, the companies would have contributed SEK 108 million to net sales and SEK -4 million to profit before tax. Two acquisitions have been completed since the balance-sheet date. In October, Ambea acquired 98 per cent of the care company Humana AB, which operates care services in Sweden, Norway and Finland. With the exception of the Personal Assistance segment in Sweden, all operations will be integrated with and consolidated into Ambea’s corresponding operations in the respective segments. The Personal Assistance operations in Sweden will be divested within 12 months of the acquisition date. The purchase consideration amounted to SEK 3,423 million, of which SEK 932 million was paid in cash and SEK 2,491 million with own shares. Transaction costs of SEK 42 million in connection with the acquisition as of 30 September were recognised as other external costs. The acquisition will be included in Ambea’s finan- cial statements from 1 October 2026. As of the date of Ambea’s third-quarter interim report, no preliminary acquisition balance sheet had been received, so infor- mation on net assets, revenue and earnings cannot be provided. On 1 October, Nytida acquired 100 per cent of the shares in Imera AB, which operates LSS group homes and daily activity units. The consideration amounted to SEK 107 million. Preliminary distribution of net assets on the acquisition date SEK million Sauma and Ehot Fixed assets 45 Right-of-use assets 24 Accounts receivable and other receivables 16 Cash and cash equivalents 17 Non-current liabilities and provisions –25 Deferred tax liability –6 Lease liabilities –24 Accounts payable and other liabilities –25 Net identifiable assets 22 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 30 Quality and sustainability Introduction Reporting
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NOTE 6 Fair value of financial instruments in the fair value hierarchy Classification in the fair value hierarchy 1 2 3 2026 2025 2026 2025 2026 2025 2026 2025 SEK million 30 Sep 30 Sep 30 Sep 30 Sep 30 Sep 30 Sep 30 Sep 30 Sep Assets Interest-rate derivatives 29 4 – – 29 4 – – Investments in housing coopera- tive associations 85 88 – – – – 85 88 Total 114 92 – – 29 4 85 88 Fair value of financial instruments in the fair value hierarchy Ambea applies the following hierarchy for the fair value measurement of financial instruments: • Level 1 – Listed prices (unadjusted) in active markets for identical assets or liabilities. This level includes Eligible treasury bills, Bonds and Other interest-bearing securities. Remeasurement is recognised in Net financial items. • Level 2 – Observable data for assets or liabilities other than quoted prices included in Level 1, either directly (i.e., as price quotations) or indirectly (i.e., derived from price quotations). This level includes derivative instruments that are recognised under Other current assets or Other current liabilities. • Level 3 – Data for assets or liabilities that are not based on observable market data. Participations in housing cooperative associations are measured using the price trend for tenant-owned apartments in the area, with adjustments for the specific conditions that apply to Ambea’s apartments. Earn-out liabilities are measured at fair value based on management’s best estimate of possible outcome. Ambea has loans in SEK, NOK, DKK and EUR and is thereby exposed to interest-rate risk. According to the company’s Financial Policy, at least 50 per cent of the interest-rate risk should be hedged. To reduce the company’s interest-rate risk, the company uses different types of interest-rate hedging products (interest-rate derivatives). The hedges have a remaining term of up to three years. In total, about 54 per cent of the company’s average interest-bearing debt over the coming 12 months have been hedged with interest-rate derivatives. Derivatives are classified as Level 2 assets in the fair value hierarchy. The change in fair value of the interest-rate cap and interest-rate swap was recognised in other comprehensive income. Ambea uses standard bank pricing models for the valuation of purchased interest-rate caps and interest-rate swaps. The valuation is based on the bank’s standard pricing model and methodology. The valuation is based on the bank’s mid-market price. There have been no changes between the levels since the most recent annual report. NOTE 7 Contingent liabilities 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec Tax dispute – 14 14 Total contingent liabilities – 14 14 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 31 Quality and sustainability Introduction Reporting
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NOTE 8 Reconciliation of financial statements 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Growth/Acquired growth Net sales growth (%) 8.1 15.7 10.2 12.2 11.4 13.0 Of which organic growth (%) 4.8 3.5 4.4 4.2 4.3 4.2 Of which acquired/divested growth (%) 1.7 13.2 5.2 9.4 7.0 10.3 Of which currency and calendar effect (%) 1.6 −1.0 0.6 −1.4 0.1 −1.5 Operating margin (EBIT) Net sales 4,447 4,114 13,054 11,846 17,247 16,039 Operating profit (EBIT) 619 539 1,327 1,077 1,629 1,379 Operating margin, EBIT (%) 13.9 13.1 10.2 9.1 9.4 8.6 EBITA and adjusted EBITA Operating profit (EBIT) 619 539 1,327 1,077 1,629 1,379 Amortisation and impairment of intangible assets 26 26 76 51 101 76 EBITA 645 565 1,403 1,128 1,730 1,455 Items affecting comparability 23 5 42 60 62 80 Adjusted EBITA 668 570 1,445 1,188 1,792 1,535 Net sales 4,447 4,114 13,054 11,846 17,247 16,039 EBITA margin (%) 14.5 13.7 10.7 9.5 10.0 9.1 Adjusted EBITA margin, % 15.0 13.9 11.1 10.0 10.4 9.6 EBITDA and adjusted EBITDA Operating profit (EBIT) 619 539 1,327 1,077 1,629 1,379 Depreciation, amortisation and impairment of tangible and intangible assets 409 392 1,220 1,110 1,615 1,505 EBITDA 1,028 931 2,547 2,187 3,244 2,884 Items affecting comparability 23 5 42 60 62 80 Adjusted EBITDA 1,051 936 2,589 2,247 3,306 2,964 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec EBITDA and adjusted EBITDA, excluding IFRS 16 effects Operating profit (EBIT) 619 539 1,327 1,077 1,629 1,379 Depreciation, amortisation and impairment of tangible and intangible assets 409 392 1,220 1,110 1,615 1,505 Less: Rental payments, Properties −407 −383 –1,211 −1,103 −1,597 −1,489 Less: Rental payments, Vehicles –19 –20 −59 −58 −79 −78 Less: Capital gain/loss from contracts terminated −1 −1 –4 –4 –6 –6 Net effects of IFRS 16 on EBITDA −427 −404 −1,274 −1,165 −1,682 −1,573 EBITDA excluding IFRS 16 effects 601 527 1,273 1,022 1,562 1,311 Items affecting comparability 23 5 42 60 62 80 Adjusted EBITDA excluding IFRS 16 effects 624 532 1,315 1,082 1,624 1,391 EBITA and adjusted EBITA, excluding IFRS 16 effects Operating profit (EBIT) 619 539 1,327 1,077 1,629 1,379 Amortisation and impairment of intangible assets 26 26 76 51 101 76 EBITA 645 565 1,403 1,128 1,730 1,455 Plus: IFRS 16 depreciation 354 338 1,058 980 1,398 1,320 Less: Rental payments, Properties −407 −383 –1,211 −1,103 −1,597 −1,489 Less: Rental payments, Vehicles –19 –20 −59 −58 −79 −78 Less: Capital gain/loss from contracts terminated −1 −1 –4 –4 –6 –6 Net effects of IFRS 16 on EBITA −73 –66 −216 −185 −284 −253 EBITA excluding IFRS 16 effects 572 499 1,187 943 1,446 1,202 Items affecting comparability 23 5 42 60 62 80 Adjusted EBITA excluding IFRS 16 effects 595 504 1,229 1,003 1,508 1,282 EBITA margin, excluding IFRS 16 effects 12.9 12.1 9.1 8.0 8.4 7.5 Adjusted EBITA margin, excluding IFRS 16 effects 13.4 12.3 9.4 8.5 8.7 8.0 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 32 Quality and sustainability Introduction Reporting
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NOTE 8 Reconciliation of financial statements, cont. 2026 2025 2026 2025 2025 SEK million Jul–Sep Jul–Sep Jan–Sep Jan–Sep RTM Jan–Dec Operating cash flow EBITDA 1,028 931 2,547 2,187 3,244 2,884 Adjustment for non-cash items –2 –3 –9 –13 –13 –17 Cash flow from investing activities excl. acquisitions and invest- ments in financial instruments −43 –13 −97 −87 −127 −117 Adjustment for cash flow from investing activities related to increased capacity/growth 1 11 17 11 19 13 Change in working capital −218 −240 −433 −377 −53 3 Operating cash flow 766 686 2,025 1,721 3,070 2,766 Cash conversion (%) Operating cash flow 766 686 2,025 1,721 3,070 2,766 EBITDA 1,028 931 2,547 2,187 3,244 2,884 Cash conversion (%) 74.5 73.7 79.5 78.7 94.6 95.9 Items affecting comparability Reversal of acquisition-related costs – of which costs included in the line item of other external costs 23 5 42 60 62 80 Total acquisition-related costs 23 5 42 60 62 80 Total items affecting comparability 23 5 42 60 62 80 2026 2025 2025 SEK million 30 Sep 30 Sep 31 Dec Net debt, Net debt/Adjusted EBITDA, RTM Non-current interest-bearing liabilities 11,310 10,950 10,335 Current interest-bearing liabilities 2,528 2,176 2,308 Less: cash and cash equivalents –17 −259 −133 Net debt 13,821 12,867 12,510 Adjusted EBITDA RTM 3,306 2,912 2,964 Net debt/Adjusted EBITDA, RTM (times) 4.2 4.4 4.2 Net debt, Net debt/Adjusted EBITDA, RTM, excl. IFRS 16 effects Non-current interest-bearing liabilities 11,310 10,950 10,335 Less: non-current lease liabilities pertaining to properties, recognised on the lease liabilities line −8,207 −8,251 −8,069 Less: non-current lease liabilities pertaining to vehicles, recognised on the lease liabilities line –113 −177 −151 Current interest-bearing liabilities 2,528 2,176 2,308 Less: current lease liabilities pertaining to properties recognised on the lease liabilities line −1,011 −936 −948 Less: current lease liabilities pertaining to vehicles, recognised on the lease liabilities line −121 −114 −128 Less: cash and cash equivalents –17 −259 −133 Net debt, excluding IFRS 16 effects 4,369 3,389 3,214 Adjusted EBITDA RTM excluding IFRS 16 effects 1,624 1,392 1,391 Net debt/Adjusted EBITDA, RTM (times) 2.7 2.4 2.3 Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 33 Quality and sustainability Introduction Reporting
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Reports and quality inspections during the quarter Sweden The Swedish Health and Social Care Inspectorate (IVO) quality inspec- tions: During the quarter, the IVO issued decisions on eight quality inspec- tions at Nytida, two of which resulted in remarks. Relevant measures have been taken in response to the remarks. Lex Sarah reports: Three Lex Sarah reports were lodged by Vardaga and one by Nytida. Six decisions have been issued for Vardaga and all were closed without any remarks. One decision has been issued for Nytida and it was closed without any remarks. Lex Maria reports: One Lex Maria report was lodged in Vardaga. Three deci- sions have been issued for Vardaga and all were closed without any remarks. Individual complaints investigated by the IVO: Three complaints were lodged in the quarter, all regarding Vardaga. One case was closed without any remarks for Vardaga in the quarter. Norway Regulatory inspections based on quality management: A total of 35 decisions pertaining to quality inspections were received during the quarter in Norway, 34 of which concerned the business area’s children’s units and one decision concerned the business area’s care services. Five inspections of the business area’s children’s units and one inspection of the business area’s care services resulted in remarks. Relevant measures have been taken in response to the remarks. Finland Regulatory inspections based on quality management: A total of twelve quality inspections were conducted, six of which contained remarks. Relevant measures have been taken in response to the remarks. Denmark Regulatory inspections based on quality management: A total of eight decisions were received in the quarter, six of which pertained to the social care area and two to the elderly care area. One inspection of the social care area’s children and youth operations resulted in a remark. Relevant measures have been taken in response to the remarks. Swedish Authority for Privacy Protection (IMY), Norwegian Data Protection Authority, Danish Data Protection Agency and Office of the Data Protection Ombudsman (Finland) The Swedish Data Protection Officer notified the IMY of two personal data breaches during the third quarter. During the quarter, we received two deci- sions on previous notifications, for which the IMY is not taking any measures, one for Vardaga and one for Nytida. None of them posed, or were deemed to pose, a serious risk to the data subjects. In all cases, relevant measures were taken immediately to prevent any recurrence of similar events by rais- ing awareness and competence in regard to existing procedures and work processes. No notifications were submitted to the Office of the Data Protection Ombudsman in Finland, the Data Protection Authority in Denmark or the Norwegian Data Protection Authority. Facts about regulatory inspections The Swedish Health and Social Care Inspectorate (IVO): The IVO is a government agency responsible for supervising social care in Sweden, including healthcare and social services. The agency’s mission is to ensure that elderly and social care main- tains high quality and is provided in accordance with legislation. The agency is also responsible for issuing licences to private care providers. Lex Sarah: A reporting obligation in social services and under LSS (Act on Support and Service to Persons with Certain Functional Disabilities) entailing that employ- ees are obligated to report serious misconduct or risks of such misconduct. These reports are made to the IVO and apply only for operations in Sweden, with the aim of improving the quality of the operations and protecting the rights of the individual. Lex Maria: A reporting obligation in healthcare that requires care providers to report incidents that have caused, or could have caused, serious injury to a patient. These reports are made to the IVO and apply only for operations in Sweden, with the aim of improving patient safety through systematic measures. The Swedish Authority for Privacy Protection (IMY): The IMY reviews and enforces the application of data protection rules, including the GDPR. The agency works with issues related to data protection and has been tasked with strengthening the privacy rights of individuals in digital environments. Norwegian Data Protection Authority: Supervisory authority to protect the individual right to privacy under the General Data Protection Regulation (GDPR). Reviews the processing of personal data by businesses, administers complaints and conducts supervision. Can decide on injunctions and sanction penalties as well as provide guidance on data protection issues. Danish Data Protection Agency: Responsible for supervision under the GDPR and national data protection legislation. Monitors organisations’ correct processing of personal data, administers personal data breach notifications and conducts inspec- tions. Can issue reprimands and injunctions, and report cases to the police, where fines can be imposed by the court. The Office of the Data Protection Ombudsman (Finland): Supervisory authority under the GDPR and national data protection legislation. Reviews the processing of personal data, administers complaints and personal data breaches as well as con- ducts inspections. Can decide on injunctions and administrative sanction penalties as well as provide guidance on data protection issues. Ambea AB (publ) Corp. Reg. No. 556468-4354 Interim report Q3 2026 | 34 Quality and sustainability Introduction Reporting
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