Interim report
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 1 Third quarter July 1–September 30, 2026 • Net sales for the third quarter of 2026 increased by 10 percent to SEK 1,438 m (1,311), of which organic growth amounted to 3 percent. Currency effects had an impact of SEK 17 m ( -50) on net sales. • EBIT A increased to SEK 250 m (149). Currency effects had an impact of SEK 3 m ( -4) on EBIT A. The EBIT A margin increased to 17.4 percent (11.4). • Operating profit increased to SEK 159 m (7 4), corresponding to an operating margin of 11.1 percent (5.6). • Net profit for the period increased to SEK 109 m (54). • Earnings per share before and after dilution increased to SEK 0.80 (0.40) • Cash flow from operating activities improved to SEK 9 m ( -64). • T en-year contract signed with the City of Stockholm worth approximately SEK 100 m. • Acquisition of AI-enabled SpaceIntel software platform in the USA. Events after the end of the reporting period • No significant events have occurred since the end of the period. Net sales growth Q3 2026 compared with Q3 2025 68 EBIT A growth Q3 2026 compared with Q3 2025 EBIT A margin Q3 2026 % % All amounts are presented in millions of Swedish kronor (SEK m) unless indicated otherwise. Rounding differences of SEK +/-1 m may occur in totals. In cases where an underlying figure is SEK 0 m when rounded, it is presented as 0. 1 7.4 10% Key figures Third quarter 9 months Rolling 12 mos Full year 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Oct 2025 –Sep 2026 2025 Net sales, SEK m 1) 1,438 1,311 4,419 4,229 5,983 5,793 Gross profit, SEK m 1,099 978 3,410 3,228 4,625 4,443 Gross margin, % 76.4 74.6 77.2 76.3 77.3 76.7 EBITA, SEK m 1) 250 149 672 605 970 903 EBITA margin, % 17.4 11.4 15.2 14.3 16.2 15.6 Operating profit (EBIT), SEK m 1) 159 74 403 393 617 607 Operating margin, % 11.1 5.6 9.1 9.3 10.3 10.5 Net profit for the period, SEK m 109 54 242 247 379 384 Earnings per share, SEK 0.80 0.40 1.79 1.85 2.79 2.87 Cash flow from operating activities, SEK m 9 -64 434 105 758 430 Return on capital employed, % 2) 12.6 16.6 12.6 16.6 12.6 14.1 Return on equity, % 2) 13.3 15.4 13.3 15.4 13.3 14.8 Equity/assets ratio, % 32 31 32 31 32 28 Debt/equity ratio, % 86 73 86 73 86 90 1) The July–September 2025 comparative period was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced net sales and EBIT A in the third quarter of last year by approximately SEK 80 m and SEK 70 m, respectively. The January–September 2026 period was impacted by restructuring costs of SEK -28 m ( -24). 2) Key figures have been adjusted to reflect annualized return. Interim Report January 1–September 30, 2026 This is a translation of the Swedish original of Addnode Group’s Interim Report for the period January 1–September 30, 2026. In the event of inconsistency between the two, the original Swedish version shall apply.
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 2 Third quarter 2026 Organic growth, acquisitions and enhanced efficiency contributed to a significant earnings improvement for Addnode Group for the third quarter. Net sales increased by 10 percent, of which 3 percent was organic growth. EBIT A increased to SEK 250 m (149), and the EBIT A mar- gin improved to 17.4 percent (11.4). The most significant improvements in earnings took place in the Design Management and Process Manage- ment divisions. Net sales in the Process Management division increased by 6 percent och EBIT A by 16 percent. This marked the ninth consecutive quarter in which the EBIT A margin improved over the same quarter last year , demonstrating the division’s ability to combine growth with increased profitability. The market was characterized by continued stable demand for case management and geographic information systems for the public sector. Sokigo secured the largest single contract for own software in Addnode Group’s history during the quarter , when the City of Stockholm selected the company’s solution for building permit management. The contract has a total order value of approximately SEK 100 m over a period of ten years and confirms the division’s strong market position as well as the long- term demand for mission-critical solutions in the public sector. Net sales in the Design Management division increased by 21 per- cent, of which 8 percent was organic growth. EBIT A improved sharply , up 184 percent to SEK 122 m, driven by easier comparatives, organic growth, contributions from acquisitions and efficiency measures implemented in Europe and the USA. Demand for both software and services remains strong in the USA, where investments in data centers are an important growth driver. The Product Lifecycle Management division maintained its revenue level and increased earnings. Growth in the defense industry in Europe and the USA partially offset the continued weakness in the German automotive industry. At the same time, the cost savings implemented have resulted in more efficient operations and contributed to higher margins. Acquisitions and investments in AI solutions During the quarter , we acquired SpaceIntel, an AI-enabled software platform for facility management, and increased our investments in Bimify and InUse. T ogether , these companies provide us with innovative AI-based solutions for the digitalization of buildings, smart property management and connected industrial environments. These invest- ments are strategically important. By combining the companies’ technology with the Design Management division’s strong market posi- tion, extensive customer base and global sales organization, we have established a good foundation to accelerate our market penetration and boost our recurring revenue. AI strengthens Addnode Group’s competitiveness and creates new revenue opportunities AI is a strategic priority for Addnode Group, with our efforts focused on three areas: increased internal efficiency , greater customer value and new revenue opportunities. The most tangible effects to date can be seen in software develop- ment and management, where AI is increasing productivity and freeing up development capacity. By sharing knowledge and proven practices between the companies, we are scaling these benefits across the Group. Our long-standing customer relationships, deep domain expertise and the central role our solutions play in our customers’ operations put us in a strong position to develop AI-based offerings. By integrating AI into existing solutions and developing new services, we streamline customer workflows, enhance their analytical and decision-making capabilities, and create new opportunities for differentiation and revenue growth. One concrete example is our solution for T echnological University Dublin (TU Dublin), where facilities management systems, BIM-based digital twins, Io T sensors and other data sources are integrated into an AI-powered environment. The solution illustrates how we can combine our industry and domain expertise with AI and integrated data sources, can create new opportunities to make our customers’ operations more efficient and support their further development. By continuously strengthening the importance of our solutions to our customers, we create opportunities for new recurring revenue streams. In the third quarter , recurring revenue accounted for 63 percent of the Group’s net sales. Future outlook Our strategic priorities remain unchanged: to strengthen our com- petitiveness and drive profitable organic growth through innovation, increased customer value and recurring revenue. We are also increas- ing operational efficiency and carrying out value-creating acquisitions. More three-year agreements are expected to be renewed in 2027 , supporting continued organic growth. Johan Andersson President and CEO Significant earnings improvement “Organic growth, acquisitions and enhanced efficiency contributed to a significant earnings improvement for Addnode Group. During the quarter , we secured our largest contract to date for our own software and in- creased our investments in innovative AI solutions. More three-year agreements are expected to be renewed in 2027 , which will support our continued organic growth.”
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 3 In the third quarter of 2026 SEK 100 million contract with the City of Stockholm Sokigo, part of the Process Management division, signed a ten-year contract with the City of Stockholm concerning operational support for case management in the area of urban development. The total order value amounts to approximately SEK 100 m and strengthens the Pro- cess Management division’s base of recurring revenue. Acquisition of SpaceIntel in the USA In August, Symetri, part of the Design Management division, acquired the operations of SpaceIntel, a US-based AI-enabled software platform for facility management. The acquisition strengthened the Design Management division’s portfolio of own software and is expected to contribute approximately SEK 10 m in annual net sales. The acquired operations were consolidated into the Design Management division from August 2026. Significant events After the end of the reporting period No significant events have occurred since the end of the period. April 27 , 2027 Interim Report for the first quarter of 2027 FINANCIAL CALENDAR February 9, 2027 Year -end Report for 2026 July 13, 2027 Interim Report for the second quarter of 2027 May 12, 2027 Annual General Meeting
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 4 DECENTRALIZED GOVERNANCE AND MANAGEMENT MODELBUSINESS MODEL WITH OWN AND PARTNER-OWNED SOFTWARE Addnode Group’s business model generates a high share of recurring revenue. Recurring revenue consists of revenue from support and maintenance agreements, revenue from software licenses/subscriptions and revenue from SaaS solutions. Our governance and management model is based on decentralization, with responsibility and authority delegated to the subsidiaries. Operational decisions should be taken as close to customers and end-users as possible, which requires skilled, expert leaders who take responsibility for developing their business in their markets in good times and bad. Services Own software Own add-ins to partner software Partner software • Implementation • Integration with other systems • Training • Customized systems • Administration assignments • Packaged services Customer/Market Addnode Group – Platform for business development and organic growth Design Management division Product Lifecycle Management division Process Management division Value-creating synergies and collaborations Strategic competence, financial resources and M&A expertise Decentralized responsibility and authority Subsidiaries – Business decisions and continuous development 0 100 200 300 400 500 600 700 800 900 1 000 20252024202320222021202020192018201720162015 SEK m About Addnode Group Strategy Addnode Group acquires, operates and develops cutting-edge businesses that digitalize society. We create sustainable value growth over time by continuously acquiring new businesses and actively sup - porting our subsidiaries to drive organic earnings growth. The digital solutions we develop in close partnership with our customers help create a more sustainable society. Operations and market position Addnode Group consists of approximately 20 companies, active in 20 countries across five continents. The companies are organized in three divisions, and a decentralized governance model ensures that busi- ness-critical decisions are made close to customers and markets. The employee headcount is approximately 3,000. Our solutions are used for sustainable and resource-efficient design and product lifecycle management, simulations that benefit the environ- ment and health, and better engagement and dialogue with citizens. The Group has a market -leading position in Europe and North Amer- ica as a provider of software and services for design, construction and manufacturing. In Europe, the Group also has a strong market position in digital solutions for product data, project collaboration and facility management. In Swedish public administration, Addnode Group is a leading provider of document and case management systems. Financial targets • Average annual EBIT A growth (operating profit before the amortization and impairment of intangible assets) shall amount to at least 15 percent, which corresponds to a doubling of EBIT A over five years. • The EBIT A margin shall amount to at least 17 percent. • Net debt should not exceed 2.5x EBITDA. • 30–50 percent of the Group’s profit after tax shall be distributed to the shareholders, providing its net cash position is sufficient to operate and develop its business. ORGANIC AND ACQUIRED GROWTH, 2015–2025 Net sales, SEK m Organic growth, % Acquired growth, % T o enable a comparison over a longer period of time, net sales have been prepared adjusted for comparison based on the assumption that Autodesk’s new transaction model and the reclassification of third-party agreements had been in effect since January 1, 2015. TREND IN EBIT A 2015–2025 CAGR 18% Addnode Group generates sustainable value growth by continuously acquiring new operations, then managing them with a focus on organic growth, profitability and cash flows. In 2015–2025, average annual EBITA growth amounted to 18 percent. 20252024202320222021202020192018201720162015 1 7 42 4% 14% 2 046 6% 7% 2 306 3% 8% 2 569 4% 4% 2 785 -1% 4% 2 856 3% 7% 3 124 12% 26% 4 339 3% 13% 5 020 5% 6% 5 592 -3% 7% 5 793 CAGR 13%
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 5 Digitalization for a Better Society Smarter campus operations at TU Dublin Service Works Global (SWG) has supported T echnological University Dublin (TU Dublin) in creating a scalable digital foundation for its campus opera- tions. T o support its 2030 sustainability targets, TU Dublin needed to move beyond disconnected systems, manual data collection and retrospective reporting towards continuous monitoring and optimisation of building performance. T o meet this need, SWG deployed its Geminus platform, bringing together facilities management systems, BIM-based digital twins, Io T sen- sors and other data sources in one connected, AI-powered environment. Its core is an intelligent building agent that continuously analyses data across energy , carbon, cost, occupancy , comfort, weather , asset performance, health, and safety – helping automate monitoring and reporting while identifying improvement opportunities. With contextualized, AI-interpreted data, students, researchers and staff at TU Dublin can make evidence-based decisions on sustainability , efficiency , safety and wellbeing, while continuously optimizing campus performance and tracking progress against their decarbonization baseline. Accelerating electric aircraft development T echnia has delivered a cloud-based Product Lifecycle Management (PLM) solution to ELECTRON Aerospace, a Netherlands-based company developing a fully electric five-seat aircraft for quiet, zero-emission regional air travel. As the company grows toward certified aircraft manu - facturing, it needed a structured digital environment to manage increas - ing engineering complexity and support certification, as well as a partner with broader PLM expertise beyond traditional CAD. T o address this, T echnia helped ELECTRON by deploying the 3DEXPE- RIENCE platform in the public cloud – bringing design, simulation, product data and technical documentation together in one place, creating a single source of truth across the development process. With the new digital foundation, ELECTRON can improve collaboration across engineering teams, reduce unnecessary rework, and maintain full traceability throughout aircraft development – supporting the documentation required for aviation certification. By creating a more connected and scalable engineering process, ELECTRON can focus more resources on bringing the aircraft from design to first flight and advancing sustainable aviation. AI-powered search for Fastighetsbyrån’s intranet Decerno has supported Fastighetsbyrån, Sweden’s largest real estate agency with around 1,800 employees, in developing its intranet into a cen- tral knowledge hub for the organization. Over time, the intranet has grown to contain extensive information on sales processes, administration and legal guidance. The next step was to make that information even easier to access and navigate, helping employees find the right answers quickly in their daily work. T o address this, Decerno developed Byråassistenten, an AI-powered assistant integrated directly into the intranet. The solution combines vec - tor search, semantic ranking and generative AI to understand questions asked in natural language and retrieve the most relevant information. It then generates a concise answer based on the underlying sources while also showing original documents, allowing users to verify the information and explore it further. Byråassistenten is deliberately designed to support users’ judgment rather than replace it, with clear source references and transparency around uncertain results. The solution gives employees faster access to trusted internal knowledge, while providing Fastighetsbyrån with a scalable foundation that can be expanded with additional data sources and use cases over time.
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 6 Consolidated net sales, earnings and cash flow Third quarter , July –September 2026 Net sales for the third quarter of 2026 increased by 10 percent to SEK 1,438 m (1,311), of which organic growth amounted to 3 percent. Cur- rency effects had an impact of SEK 17 m ( -50) on net sales. The Design Management division’s net sales increased by 21 percent, and organic growth was 8 percent. The comparative figure for the preceding year was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced net sales in the third quarter of last year by approximately SEK 80 m. Currency effects had a positive impact of SEK 8 m ( -32) on net sales. EBIT A amounted to SEK 122 m (43). Acquisitions contributed to earnings according to plan. The Product Lifecycle Management division’s net sales were unchanged from the comparative period, and organic growth was -3 percent. Currency effects had a positive impact on net sales of SEK 2 m ( - 16). EBIT A increased by 10 percent to SEK 46 m (42), a result of last year’s efficiency program. The Process Management division’s net sales increased by 6 percent, and organic growth was 4 percent. Currency effects had a positive impact of SEK 7 m ( -2) on net sales. EBIT A increased by 16 percent to SEK 100 m (86). Acquisition contributed to earnings according to plan. License revenue (perpetual right of use) increased to SEK 33 m (32), and recurring revenue increased to SEK 913 m (822). Service revenue increased to SEK 483 m (443), while other revenue amounted to SEK 9 m (14). The recurring revenue share was 63 percent (63). Gross profit increased by 12 percent to SEK 1,099 m (978), and the gross margin increased to 76.4 percent (7 4.6). EBIT A amounted to SEK 250 m (149), and the EBIT A margin was 17.4 percent (11.4). Currency effects had an impact of SEK 3 m ( -4) on EBIT A. The comparative figure for the preceding year was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced EBIT A in the third quarter of last year by approximately SEK 70 m. Net financial items amounted to SEK -37 m ( -36), and revaluation of contingent consideration amounted to SEK 26 m (35). Net profit for the period amounted to SEK 109 m (54). Earnings per share amounted to SEK 0.80 (0.40). Cash flow from operating activities improved to SEK 9 m ( -64), mainly due to improved earnings. NET SALES BY GEOGRAPHIC AREA, Q3 2026 (Geography based on subsidiary domicile) NET SALES BY REVENUE STREAM, Q3 2026 Licenses 2% Recurring revenue 63% Services 34% Other 1% Sweden 33% USA 22% Germany 12% UK 11% Other 22% First nine months, January –September 2026 Net sales amounted to SEK 4,419 m (4,229), up 4 percent. Organic growth was -4 percent. Currency effects, mainly a weaker USD, had an impact of approximately SEK -88 m ( - 108) on net sales and SEK -22 m ( - 15) on EBIT A. License revenue increased to SEK 102 m (90), recurring revenue increased to SEK 2,737 m (2,688), service revenue increased to SEK 1,541 m (1,396) and other revenue amounted to SEK 39 m (55). EBIT A amounted to SEK 672 m (605), and the EBIT A margin increased to 15.2 percent (14.3). EBIT A included restructuring costs of SEK 28 m (24) in the Design Management division (previous year Product Lifecycle Management division). Net financial items amounted to SEK - 111 m ( -91), mainly related to higher interest expenses as a result of new loans raised to finance acquisitions. Revaluation of contingent considerations amounted to SEK 36 m (35). The reported tax on profit for the period was SEK -86 m ( -90). Net profit for the period decreased to SEK 242 m (247). Earnings per share amounted to SEK 1.79 (1.85). Cash flow from operating activities amounted to SEK 434 m (105), mainly attributable to positive working capital movements.
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 7 Performance by division Net sales and EBIT A, July –September 2026 Comparative figures for 2025 have been restated to reflect a scenario in which Tribia had been part of the Process Management division in 2025. Net sales 1) EBITA 1) EBITA margin SEK m 2026 Q3 2025 Q3 Change % 2026 Q3 2025 Q3 Change % 2026 Q3 2025 Q3 Change p.p. Design Management 595 490 21 122 43 184 20.5 8.8 11.7 Product Lifecycle Management 436 435 0 46 42 10 10.6 9.7 0.9 Process Management 417 395 6 100 86 16 24.0 21.8 2.2 Eliminations/central costs -10 -9 -18 -21 – – – Addnode Group 1,438 1,311 10 250 149 68 17.4 11.4 6.0 2) Before eliminations/central costs Net sales and EBIT A, January –September 2026 Comparative figures for 2025 have been restated to reflect a scenario in which Tribia had been part of the Process Management division in 2025. Net sales 1) EBITA1)2) EBITA margin SEK m 2026 Jan–Sep 2025 Jan–Sep Change % 2026 Jan–Sep 2025 Jan–Sep Change % 2026 Jan–Sep 2025 Jan–Sep Change p.p. Design Management 1,815 1,736 5 313 352 -11 17.2 20.3 -3.1 Product Lifecycle Management 1,294 1,327 -2 120 79 52 9.3 6.0 3.3 Process Management 1,346 1,193 13 297 241 23 22.1 20.2 1.9 Eliminations/central costs -36 -27 -58 -67 – – – Addnode Group 4,419 4,229 4 672 605 11 15.2 14.3 0.9 1) The comparative figure for the July–September 2025 period was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced net sales and EBIT A in the third quarter of last year by approximately SEK 80 m and SEK 70 m. 2) In the January–September 2026 period, earnings were impacted by restructuring costs of SEK 28 m in Design Management. The year -on-year comparison was impacted by restructuring costs of SEK 24 m in Product Lifecycle Management in the January–September 2025 period. NET SALES1) Q3 2026 Design Management 41% Product Lifecycle Management 30% Process Management 29% 1) Before eliminations EBIT A2) Q3 2026 Design Management 46% Product Lifecycle Management 17% Process Management 37%
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 8 0 100 200 300 400 500 600 2026 R1220252024202320222021 Design Management division Progress in the quarter Net sales increased by 21 percent to SEK 595 m (490), of which organic growth amounted to 8 percent. Currency effects had an impact of SEK 8 m ( -32) on net sales. The comparative figure for the preceding year was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced net sales in the third quarter of last year by approximately SEK 80 m. Acquisitions contributed positively to net sales and earnings during the period. Service Works Global (SWG), which provides digital solutions for facil- ity management, delivered stable earnings in line with the preceding year. EBIT A increased to SEK 122 m (43), and the EBIT A margin improved to 20.5 percent (8.8). The comparative figure for the preceding year was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced EBIT A in the third quarter of last year by approximately SEK 70 m. The efficiency program that started in the second quarter has been completed. Once it is fully implemented, the program is expected to reduce the cost base by about SEK 100 m on an annual basis, with about half of that reduction expected to take effect in 2026. TREND IN EBIT A 2021–2026, SEK M KEY FIGURES 21 184 20.5% % %+ + Design Management is a leading global provider of digital solutions and services for design, BIM, product data and facility management for architects and engineers in the manufacturing and construction industries and for private and public sector property owners. SEK m 2026 Q3 2025 Q3 1) Change % R12 Oct 2025– Sep 2026 Net sales 595 490 21 2,473 Gross profit 532 437 22 2,233 Gross margin, % 89.4 89.2 90.3 EBITA 122 43 184 471 EBITA margin, % 20.5 8.8 19.0 Operating profit 77 13 492 303 Operating margin, % 12.9 2.7 12.3 Average number of employees 1,234 1,127 9 1,272 Net sales growth Q3 2026 compared with Q3 2025 EBIT A margin Q3 2026 Acquisitions In August, Symetri acquired the operations of SpaceIntel, a US-based AI-enabled software platform for facility management. Market Operations in the division are conducted by the companies Symetri, Service Works Global and Acad-Plus. These companies offer digital solutions and services for design, BIM (Building Information Modeling) and product data for architects and engineers in the manufacturing and construction industries. The division also has a strong digital offer- ing for facility management in the Nordic countries and the UK. Cus- tomers’ willingness to invest in digital solutions is driven by urbanization and the need to build and manage efficiently and sustainably. Regula- tory authorities are also demanding digital solutions based on BIM. CAGR 20% EBIT A in the diagram has been adjusted for comparison to reflect a scenario in which Tribia had been part of the Process Management division from 2021. 1) The comparative figure for the July–September 2025 period was impacted by renewals of Autodesk agreements brought forward from the third quarter to the second quarter , which reduced net sales and EBIT A in the third quarter of last year by approximately SEK 80 m and SEK 70 m, respectively. EBIT A growth Q3 2026 compared with Q3 2025
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 9 EBIT A growth Q3 2026 compared with Q3 2025 0 50 100 150 200 2026 R1220252024202320222021 Product Lifecycle Management division Progress in the quarter In the third quarter of 2026, net sales were unchanged at SEK 436 m (435). Organic growth was -3 percent. Sales to strategically important segments, including aerospace and defense, developed positively during the period. Sales to the automo- tive industry remained weak, particularly in Germany. The division continued to expand its customer base and strengthen its existing customer relationships, with good sales in the Nordic countries, Benelux and the USA, but slightly weaker sales in Great Britain and Germany. EBIT A increased to SEK 46 m (42), and the EBIT A margin was 10.6 percent (9.7). The previous year’s restructuring measures have been implemented according to plan and have gradually contributed to improved efficiency and a more competitive cost structure. KEY FIGURES Product Lifecycle Management is a global provider of solutions for digitalizing a product’s or facility’s complete lifecycle – from idea, design, simulation and construction through production to sale, aftermarket and recycling. For our customers, this means shorter lead- times, more innovation, increased efficiency , and traceability. 0 10 10.6% % %+ Net sales growth Q3 2026 compared with Q3 2025 EBIT A margin Q3 2026 SEK m 2026 Q3 2025 Q3 Change % R12 Oct 2025– Sep 2026 Net sales 436 435 0 1,740 Gross profit 216 214 1 883 Gross margin, % 49.5 49.2 50.7 EBITA 46 42 10 168 EBITA margin, % 10.6 9.7 9.7 Operating profit 31 24 29 101 Operating margin, % 7.1 5.5 5.8 Average number of employees 667 708 -6 680 TREND IN EBIT A 2021–2026, SEK M Acquisitions In January 2026, T echnia acquired Encad Consulting’s customer contracts pertaining to Dassault Systèmes software. The acquisition added some 80 new customers to T echnia’s global customer base of just over 6,000 customers. At the time of the acquisition, net sales for the acquired customer contracts were estimated at approximately SEK 18 m. Market The operations of the Product Lifecycle Management division are con- ducted by the subsidiary T echnia, whose solutions help to streamline and quality-assure complete lifecycles, from idea, design, simulation and construction through production to sales, aftermarket and recy- cling. For our customers, this means shorter lead- times, more innova- tion, increased efficiency , and traceability. Customers’ willingness to invest is driven by the need to develop and design products, to main- tain product information throughout complete lifecycles and to comply with regulatory standards. CAGR 8%
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 10 0 100 200 300 400 500 2026 R1220252024202320222021 Process Management division Progress in the quarter Net sales in the third quarter of 2026 increased by 6 percent to SEK 417 m (395), of which organic growth amounted to 4 percent. Sales to the public sector remained stable, and the division has a particularly strong market position in case management and geographic information systems. Sokigo secured the largest single contract for own software in Addnode Group’s history during the quarter , when the City of Stockholm selected the company’s solution for building permit management. The contract has a total order value of approximately SEK 100 m over a period of ten years. The companies in the division are well positioned in public sector tenders owing to their attractive digital solutions, in-depth experience and strong references. EBIT A increased by 16 percent to SEK 100 m (86), and the EBIT A margin increased to 24.0 percent (21.8). Earnings for the quarter were positively impacted by acquisitions, improved operational efficiency and a continued high gross margin. Acquisitions No acquisitions were carried out during or after the period. TREND IN EBIT A 2021–2026, SEK M KEY FIGURES 6 16 24.0% %+ + Net sales growth Q3 2026 compared with Q3 2025 EBIT A growth Q3 2026 compared with Q3 2025 EBIT A margin Q3 2026 Process Management is a leading provider of digital solutions to the public sector in Sweden and Norway , with strong positions in solutions for urban development, case management, project collaboration and geographic information systems (GIS). Market Process Management, whose operations are conducted through 16 subsidiaries, is a leading provider of digital solutions to the public sec- tor in Sweden and Norway , with strong positions in urban development, case management and GIS solutions. The division’s data-driven digital solutions help authorities and municipalities to streamline processes, simplify administration and ensure high quality and compliance with applicable regulations throughout their operations. The division also has a strong digital offering for project collaboration in the construction and infrastructure sector. Customers’ willingness to invest is being driven by automation, simplified administration and more efficient management and planning as well as increased requirements for smart information solutions for urban and community planning and sustainable community develop- ment. A growing number of authorities and municipalities are looking for long- term partnerships to create innovative solutions that make public services more efficient and future-proof. EBIT A in the diagram has been adjusted for comparison to reflect a scenario in which Tribia had been part of Process Management from 2021. SEK m 2026 Q3 2025 Q3 Change % R12 Oct 2025– Sep 2026 Net sales 417 395 6 1,813 Gross profit 355 333 7 1,529 Gross margin, % 85.1 84.3 84.3 EBITA 100 86 16 402 EBITA margin, % 24.0 21.8 22.2 Operating profit 70 58 21 285 Operating margin, % 16.8 14.7 15.7 Average number of employees 944 879 7 931 CAGR 14% %
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 11 Consolidated balance sheet and cash flow Liquidity and financial position Net debt, SEK m 2026 Sep 30 2025 Dec 31 Granted credit facility 2,000 2,000 of which unutilized 562 861 of which utilized -1,438 -1,139 Term loan -1,743 -1,669 Liabilities related to acquisitions -35 -49 Finance leases -218 -233 Total interest-bearing liabilities -3,434 -3,090 Cash and cash equivalents 792 625 Net debt -2,642 -2,465 Equity/assets ratio (%) 32 28 Liabilities related to completed acquisitions 604 624 of which contingent considerations 555 542 After the end of the quarter , the term of the Group’s three-year loan facility was extended by one year until October 2029. Contingent consider - ations, SEK m 2026 Jan–Sep 2025 Jan–Dec Opening book value 542 474 Acquisitions for the year 23 308 Paid -50 -163 Revaluations via Income Statement -36 -36 Discount rate 30 36 Reclassification -5 – Exchange rate differences 51 -77 Closing value 555 542 Cash flow Cash flow from operating activities amounted to SEK 434 m (105) for the January–September 2026 period, equivalent to a year -on-year increase of SEK 329 m. The increase was mainly attributable to an improvement in working capital. Cash flow from investing activities include payments for own soft- ware of SEK - 164 m ( - 134). Investments in subsidiaries and operations amounted to SEK - 109 m ( -562). Cash flow from financing activities includes borrowings of SEK 265 m (763), repayments of lease liabilities of SEK - 79 m ( - 76), repayments of loans of SEK -51 m ( - 116) and dividend payments of SEK - 156 m ( - 154). Investments and divestments Investments of SEK 269 m (318) were made in intangible assets and property , plant and equipment, including leases, of which SEK 164 m (134) related to own software. Goodwill and other intangible assets The carrying amount of the Group’s goodwill was SEK 4,486 m (3,729) on September 30, 2026. Other intangible assets amounted to SEK 1,599 m (1,243), and mainly comprised customer relationships, trademarks and software. Deferred tax assets As of September 30, 2026, deferred tax assets amounted to SEK 79 m (39). Equity Equity as of September 30, 2026 was SEK 3,060 m (2,639), equivalent to SEK 22.57 (19.47) per share outstanding. Share capital and incentive programs Share capital was SEK 410 m at the end of the period. The quotient value per share was SEK 3.00. The division by share class as of Septem- ber 30, 2026 was as follows: Share class No. of shares outstanding Class A shares 3,948,696 Class B shares 132,603,978 Class B treasury shares -997,262 Total 135,555,412 As of September 30, 2026, there was one call option program and three share rights programs outstanding, as follows: Incentive program No. of options/share rights outstanding Corre- sponds to no. of shares Exercise price Stock option program LTIP 2023 201,000 201,000 157.50 Total stock option program 201,000 201,000 Share rights program LTIP 2024 121,092 121,092 – LTIP 2025 126,622 126,622 – LTIP 2026 145,000 145,000 – Total 593,714 593,714 – For more information on the incentive programs, see note 4 on pages 111 – 112 of the Annual Report for 2025. Employees The average number of employees of the Group increased to 2,910 (2,663). Essentially , this increase was from acquired operations. As of September 30, 2026, there were 2,972 employees (3,064 as of Decem- ber 31, 2025).
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 12 Other disclosures Related party transactions For the January–September 2026 period, Chairman Staffan Hanstorp invoiced the Parent Company SEK 2 m (2) in fees via his own company- for consulting services related to acquisition opportunities, financing matters and other strategic issues via a company. Board member Jonas Gejer invoiced SEK - m (0.6) via his own company for business development activities during the January–September period. Parent Company Net sales for the January–September 2026 period amounted to SEK 48 m (32), and mainly comprised invoicing to subsidiaries for premises rent and services rendered. Profit after financial items amounted to SEK - 75 m ( -52) and included dividends received and similar payments from subsidiaries totaling SEK 32 m (67) as well as impairment of shares in subsidiaries of SEK -62 m ( - ). Cash and cash equivalents were SEK 188 m (108) as of September 30, 2026. Investments in shares in subsidiaries amounted to SEK 8 m (584) for the period. There were no significant investments in intangible assets or property , plant and equipment. Disclosures on acquisitions One customer base acquisition was completed in the first part of 2026. The operations of SpaceIntel, a US-based AI-enabled software plat- form for facility management, were acquired in August. The acquisition brought additional software and skilled employees to the Group. The acquisition price comprised SEK 11 m in cash, along with a future con- tingent earnings-based component. Accounting policies General This Interim Report has been prepared in accordance with IAS 34 Interim Financial Reporting. The consolidated accounts have been prepared in accordance with IFRS Accounting Standards, as endorsed by the EU, and the Swedish Annual Accounts Act. In this document, the term “IFRS” includes the application of IASs and IFRSs as well as interpretations of these recommendations published by the IASB Standards Interpretation Committee (SIC) and the IFRS Interpretations Committee (IFRIC). The Parent Company’s accounts have been prepared in accordance with the Annual Accounts Act, and RFR 2 Accounting for Legal Entities. Amendments and interpretations of existing standards first effective in 2026 had no impact on the Group’s financial position or financial statements. The accounting policies and calculation methods are unchanged since the Annual Report for 2025. IFRS 18 IFRS 18 will be applied for the first time in the Interim Report for Q1 2027 , with restatement of the comparative figures for the corresponding period in 2026. IFRS 18 requires that income statement items be classified into the categories of operating, investing, financing, income taxes and discon- tinued operations, with mandatory subtotals of earnings from operating and investing. For Addnode Group, this means that certain bank fees, commitment fees, non-cash interest expenses and revaluations of lia- bilities related to contingent considerations and multi-year agreements , which are currently recognized under financial items, will be recog- nized in operating profit. Certain exchange rate differences attributable to internal receivables and liabilities will also be recognized in the oper- ating category.The standard also affects the statement of cash flows by reclassifying interest received and paid from operating activities to investing and financing activities, respectively. Moreover , IFRS 18 introduces the concept of management -defined performance measures (MPMs) for certain income statement -based performance measures, such as EBIT A. The disclosure requirements for these performance measures have been expanded, and they are subject to audit requirements. Other effects of IFRS 18 on the Group’s financial statements are currently being investigated, and adjustments to the Group’s system support are under way. Disclosures on financial instruments Estimated contingent considerations for acquisitions were measured at fair value. Measurement of financial assets and liabilities shows no significant difference between carrying amounts and fair value. The Group had no forward exchange contracts outstanding on September 30, 2026. Long-term incentive program The 2026 Annual General Meeting resolved to adopt a long- term per- formance share-based incentive program (“L TIP 2026”) for managers of Addnode Group. The participants are allotted performance-based share rights that may entitle the holder to class B shares. After the vest- ing period, the participants will be allotted class B shares in Addnode Group free of charge, provided that the performance condition is met and the employee remains employed at the Group. The performance target that must be achieved or exceeded relates to average annual growth of the company’s earnings per share during the 2026–2028 financial years (the “measurement period”). The minimum level for allotment is average annual growth of the company’s earnings per share during the measurement period of 2 percent, and the maximum level for allotment is average annual growth during the Measurement Period of 12 percent. The allotment of class B shares also requires that the total return on the company’s class B share has been pos- itive during the term of the program. The maximum number of class B shares in Addnode Group that can be allotted under L TIP 2026 is limited to 145,000, corresponding to approximately 0.1 percent of all shares outstanding in Addnode Group. Any allotment of class B shares in Addnode Group with the support of share rights is normally to take place within ten working days after the publication of Addnode Group’s Interim Report for Q1 2029. The vesting period commences at the start of the participant agreement and expires in conjunction with the publi- cation of the Interim Report for Q1 2029. Significant risks and uncertainties Addnode Group’s significant risks and uncertainties are stated on pages 30–32 and 40 of the Annual Report for 2025, under “Risks and uncertainties” on pages 87 –88, as well as notes 36 and 37 on pages 130– 134. These risks and uncertainties are unchanged. The Group’s operations are diversified over offerings, customer segments and geography , which implies risk diversification. This is a proven strength in challenging times. Future outlook The Board of Directors has not altered its assessment of Addnode Group’s long- term outlook since the previous quarters. In the Sec- ond-quarter Interim Report for 2026, the Board of Directors stated the following outlook: In the long- term, Addnode Group regards the segments where it is active to have strong underlying potential. Addnode Group’s growth strategy is to grow organically and by acquiring new businesses in the aim of adding new, complementary offerings and additional expertise. Addnode Group manages geopolitical risks arising in connection with war , social unrest and trade policy action in and by countries in our business environment through continuous business intelligence and robust risk management strategies to minimize the impact on our business and ensure long- term stability. The Board notes that, given the geopolitical situation, there is a risk that Addnode Group may be financially impacted in 2026. Addnode Group is retaining its decision not to issue a forecast. Stockholm, October 23, 2026 Addnode Group AB Johan Andersson President and CEO
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 13 Auditor’s review report Addnode Group AB (publ), corporate identity number 556291-3185 Introduction We have reviewed the condensed interim financial information (interim report) of Addnode Group AB (publ) as of September 30, 2026 and the nine-month period then ended. The Board of Directors and the CEO are responsible for the preparation and presentation of the 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 review. Scope of review We conducted our review in accordance with the International Stan- dard 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 analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other generally 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, Sweden, on the date stated in our digital signature Ernst & Young AB Anna Svanberg Authorized Public Accountant
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 14 Condensed consolidated financial statements Consolidated Income Statement SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Rolling 12 mos Oct 2025 –Sep 2026 Full year 2025 Net sales 1,438 1,311 4,419 4,229 5,983 5,793 Purchases of goods and services -339 -333 -1,009 -1,001 -1,358 -1,350 Gross profit 1,099 978 3,410 3,228 4,625 4,443 Capitalized work performed by the company for its own use 52 45 164 134 215 185 Other external costs -157 -144 -450 -432 -596 -578 Personnel costs -711 -698 -2,358 -2,235 -3,148 -3,025 Depreciation/amortisation and impairment of – property, plant and equipment -33 -32 -94 -90 -126 -122 – intangible non-current assets -91 -75 -269 -212 -353 -296 Operating profit 159 74 403 393 617 607 Financial income 16 14 54 50 65 62 Financial expenses -53 -50 -165 -141 -214 -191 Revaluation of contingent considerations 26 35 36 35 37 36 Profit before tax 148 73 328 337 505 514 Current tax -39 -25 -83 -103 -137 -157 Deferred tax 0 6 -3 13 11 27 Net profit for the period 109 54 242 247 379 384 Attributable to: Owners of the Parent Company 109 54 242 247 379 384 Share data Earnings per share before and after dilution, SEK 0.80 0.40 1.79 1.85 2.79 2.87 Average number of shares outstanding: Before dilution 135,555,412 135,532,918 135,555,412 134,096,731 135,555,412 133,925,460 After dilution 135,555,412 135,664,074 135,555,412 134,146,805 135,555,412 133,995,200
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 15 Consolidated Statement of Comprehensive Income SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Rolling 12 mos Oct 2025 –Sep 2026 Full year 2025 Net profit for the period 109 54 242 247 379 384 Other comprehensive income, items that will not be reclassified to profit or loss: Actuarial gains and losses on pension obligations – – – – -2 -2 Other comprehensive income, items that may be reclassified to profit or loss: Exchange rate difference on translation of foreign operations 130 -22 303 -149 214 -238 Hedge of net investments in foreign operations -39 10 -92 36 -74 54 Tax attributable to items that may be reclassified 14 -9 25 -9 23 -11 Total other comprehensive income after tax for the period 105 -21 236 -122 161 -197 Comprehensive income for the period 214 34 478 126 540 187 Attributable to: Owners of the Parent Company 214 34 478 126 540 187
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 16 Consolidated Balance Sheet SEK m 2026 Sep 30 2025 Sep 30 2025 Dec 31 Assets Goodwill 4,486 3,729 4,196 Other intangible non-current assets 1,599 1,243 1,601 Property, plant and equipment 258 297 279 Non-current receivables 161 321 277 Other non-current assets 126 80 92 Total non-current assets 6,630 5,670 6,445 Inventories 0 0 1 Trade receivables 931 867 1,212 Other current assets 1,176 1,531 1,517 Cash and cash equivalents 792 339 625 Total current assets 2,899 2,737 3,355 Total assets 9,529 8,407 9,800 Equity and liabilities Equity 3,060 2,639 2,733 Non-current interest-bearing liabilities 3,304 843 2,974 Other non-current liabilities 400 787 518 Current interest-bearing liabilities 130 1,414 116 Other current liabilities 2,635 2,724 3,459 Total equity and liabilities 9,529 8,407 9,800 Interest-bearing liabilities amount to 3,434 2,257 3,090 Pledged assets 10 13 11 Contingent liabilities – 43 42 Equity and number of shares Specification of changes in equity, SEK m 2026 Sep 30 2025 Sep 30 2025 Dec 31 Equity, opening balance 2,733 2,458 2,458 Dividend -156 -154 -154 New share issue – 193 224 Call options exercised – 11 11 Incentive program 5 5 7 Comprehensive income for the period 478 126 187 Equity, closing balance 3,060 2,639 2,733 Equity attributable to: Owners of the Parent Company 3,060 2,639 2,733 Number of shares outstanding, opening balance 135,555,412 133,411,650 133,411,650 New share issue – 2,024,442 2,024,442 Transfer of the company’s shares – 119,320 119,320 Number of shares outstanding, closing balance 135,555,412 135,555,412 135,555,412 Addnode Group held 997,262 (997,262) class B treasury shares on September 30, 2026.
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 17 Consolidated Statement of Cash Flows SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Rolling 12 mos Oct 2025 –Sep 2026 Full year 2025 Operating activities Operating profit 159 74 403 393 617 607 Adjustment for non-cash items 118 121 368 326 473 433 Total 277 195 771 719 1,090 1,040 Net financial items 1 -7 -61 -56 -79 -74 Tax paid -28 -39 -123 -126 -164 -167 Cash flow from operating activities before changes in working capital 250 149 587 537 847 799 Change in working capital -241 -213 -153 -432 -89 -369 Cash flow from operating activities 9 -64 434 105 758 430 Investing activities Purchases and sales of intangible assets and property, plant and equipment -56 -118 -182 -225 -234 -277 Acquisitions of financial assets -5 -12 -5 -12 -5 -11 Acquisitions of subsidiaries and operations -54 -541 -109 -629 -961 -1,481 Cash and cash equivalents in acquired subsidiaries – 56 – 67 8 75 Cash flow from investing activities -115 -615 -296 -799 -1,192 -1,694 Financing activities Dividend paid – – -156 -154 -156 -154 Proceeds received, incentive program – – – 11 – 11 Borrowings 210 325 265 763 3,110 3,608 Repayment of loans -34 -27 -130 -191 -2,115 -2,175 Cash flow from financing activities 176 298 -21 430 839 1,290 Cash flow for the period 70 -380 117 -264 406 25 Cash and cash equivalents at start of period 701 730 625 674 339 674 Exchange rate difference in cash and cash equivalents 21 -11 50 -71 47 -74 Cash and cash equivalents at end of period 792 339 792 339 792 625
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 18 Parent Company financial statements Parent Company Income Statement SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Rolling 12 mos Oct 2025 –Sep 2026 Full year 2025 Net sales 20 15 48 32 61 45 Operating expenses -32 -32 -92 -100 -105 -113 Operating loss -12 -17 -44 -68 -44 -68 Profit/loss from participations in Group companies 7 -31 -30 67 185 282 Other financial income 21 5 70 20 86 36 Financial expenses -10 -20 -71 -71 -122 -122 Profit/loss after financial items 5 -64 -75 -52 105 128 Change in tax allocation reserve – – – – 0 0 Profit/loss before tax 5 -64 -75 -52 105 128 Tax -5 – - 8 -31 -23 Net profit/loss for the period - -64 -75 -44 74 105 The Parent Company’s profit also comprises its comprehensive income. Parent Company Balance Sheet SEK m 2026 Sep 30 2025 Sep 30 2025 Dec 31 Assets Property, plant and equipment 5 7 6 Financial assets 4,390 3,663 4,476 Current receivables 148 126 104 Cash and cash equivalents 188 108 340 Total assets 4,731 3,904 4,926 Equity and liabilities Equity 1,474 1,557 1,705 Untaxed reserves 163 163 163 Non-current liabilities 1,826 582 1,981 Current liabilities 1,268 1,602 1,077 Total equity and liabilities 4,731 3,904 4,926
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 19 Revenue breakdown, July–September 2026 Design PLM Process Central Eliminations Addnode Group SEK m 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Licenses 3 8 15 7 16 17 – – – – 33 32 – of which own software 1 6 8 3 15 15 – – – – 24 24 – of which third-party software 2 2 7 4 1 2 – – – – 9 8 Recurring revenue 386 307 302 302 229 214 – – -3 – 913 822 – of which own software 119 102 38 40 204 192 – – -3 – 358 333 – of which third-party software 267 205 264 262 25 22 – – – – 555 489 Services 206 167 114 120 167 159 – – -3 -3 483 443 Other 0 8 5 6 5 5 10 8 -14 -14 9 14 Total revenue 595 490 436 435 417 395 10 8 -20 -17 1,438 1,311 Revenue, gross profit and profit, July–September 2026 Design PLM Process Central Eliminations Addnode Group SEK m 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Revenue External sales 595 492 431 429 412 390 – – – – 1,438 1,311 Transactions between segments 0 -2 5 6 5 5 10 8 -20 -17 – – Total revenue 595 490 436 435 417 395 10 8 -20 -17 1,438 1,311 Gross profit/loss 532 437 216 214 355 333 10 8 -14 -13 1,099 978 Gross margin, % 89.4 89.2 49.5 49.2 85.1 84.3 – – – – 76.4 74.6 EBITA 122 43 46 42 100 86 -18 -21 – – 250 149 EBITA margin, % 20.5 8.8 10.6 9.7 24.0 21.8 – – – – 17.4 11.4 Depreciation of property, plant and equipment -13 -11 -6 -7 -10 -10 -4 -4 – – -33 -32 Amortization of intangible non-current assets -45 -30 -15 -18 -30 -28 – – – – -91 -75 – of which acquired intangible assets -31 -16 -7 -8 -13 -16 – – – – -52 -39 – of which other intangible assets -14 -14 -8 -10 -17 -12 – – – – -39 -36 Operating profit/loss 77 13 31 24 70 58 -18 -21 – – 159 74 Operating margin, % 12.9 2.7 7.1 5.5 16.8 14.7 – – – – 11.1 5.6 Investments in intangible non-current assets and property, plant and equipment 73 84 23 17 29 44 – – – – 125 145 of which leases 21 3 12 8 2 17 – – – – 35 27 Total net operating assets 3,842 2,673 861 774 1,819 1,704 152 126 -188 -26 6,487 5,251 Average number of employees 1,234 1,127 667 708 944 879 15 14 – – 2,860 2,718
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 20 Addnode Group operates through three divisions: Design Management, Product Lifecycle Management and Process Management. The Group’s decentralized governance model means mission-critical decisions are taken close to the customer and market. Companies develop their businesses in accordance with strategies, guidelines and Group-wide values. The divisions are the operating segments that Addnode Group uses to monitor the performance and development of its business. Other than the transfer of Tribia from Design Management to Process Management, there have been no changes to the segment structure. The difference between the total of the segments’ operating profit and consolidated profit before tax consists of financial income of SEK 54 m (50), financial expenses of SEK - 165 m ( - 141), and revaluation of a contin- gent consideration of SEK 36 m (35). The transfer of Tribia from the Design Management division to the Process Management division resulted in a small portion of net operating assets being transferred between these divisions. Net oper- ating assets are defined as the total of goodwill and other intangible non-current assets, property , plant and equipment, financial assets, trade receivables and other operating assets, less trade payables and other operating liabilities. Revenue breakdown, January– September 2026 Design PLM Process Central Eliminations Addnode Group SEK m 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Licenses 11 20 43 32 48 37 – – – – 102 90 – of which own software 5 14 17 12 44 32 – – – – 66 59 – of which third-party software 6 6 26 20 4 5 – – – – 36 31 Recurring revenue 1,178 1,153 878 902 693 634 – – -12 -1 2,737 2,688 – of which own software 343 293 113 119 617 563 – – -12 -1 1,061 974 – of which third-party software 835 860 765 783 76 71 – – – – 1,676 1,714 Services 615 542 353 366 582 496 – – -9 -9 1,541 1,396 Other 11 21 20 27 23 26 24 22 -39 -39 39 55 Total revenue 1,815 1,736 1,294 1,327 1,346 1,193 24 22 -60 -49 4,419 4,229 Revenue, gross profit and profit, January–September 2026 Design PLM Process Central Eliminations Addnode Group SEK m 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Revenue External sales 1,814 1,745 1,277 1,309 1,328 1,176 – – – – 4,419 4,229 Transactions between segments 1 -9 17 18 18 17 24 22 -60 -49 – – Total revenue 1,815 1,736 1,294 1,327 1,346 1,193 24 22 -60 -49 4,419 4,229 Gross profit/loss 1,632 1,587 653 668 1,139 989 24 22 -39 -38 3,410 3,228 Gross margin, % 89.9 91.4 50.5 50.3 84.6 82.9 – – – – 77.2 76.3 EBITA 313 352 120 79 297 241 -58 -67 – – 672 605 EBITA margin, % 17.2 20.3 9.3 6.0 22.1 20.2 – – – – 15.2 14.3 Depreciation of property, plant and equipment -35 -35 -18 -18 -30 -26 -11 -11 – – -94 -90 Amortization of intangible non-current assets -130 -86 -49 -54 -90 -72 – – – – -269 -212 – of which acquired intangible assets -89 -46 -22 -23 -43 -40 – – – – -154 -109 – of which other intangible assets -41 -40 -27 -31 -47 -32 – – – – -115 -103 Operating profit/loss 183 266 71 25 207 169 -58 -67 – – 403 393 Operating margin, % 10.1 15.3 5.5 1.9 15.4 14.2 – – – – 9.1 9.3 Investments in intangible non-current assets and property, plant and equipment 114 138 54 41 101 139 – – – – 269 318 of which leases 26 19 16 14 10 60 – – – – 52 93 Total net operating assets 3,842 2,673 861 774 1,819 1,704 152 126 -188 -26 6,487 5,251 Average number of employees 1,274 1,074 673 718 930 858 17 13 – – 2,894 2,663
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 21 Key figures (annual) Jan–Sep Rolling 12 mos Full year4) 20265) 2025 Oct 2025 –Sep 2026 2025 2024 2023 2022 Net sales, SEK m 4,419 4,229 5,983 5,793 7,757 7,412 6,225 Design Management 1,815 1,736 2,473 2,396 4,609 4,292 3,494 Product Lifecycle Management 1,294 1,327 1,740 1,773 1,883 1,884 1,580 Process Management 1,346 1,193 1,813 1,659 1,310 1,281 1,182 Gross profit, SEK m 3,410 3,228 4,625 4,443 4,198 3,703 3,234 Design Management 1,632 1,587 2,233 2,188 2,227 1,821 1,517 Product Lifecycle Management 653 668 883 897 930 883 788 Process Management 1,139 989 1,529 1,380 1,066 1,021 942 Gross margin, % 77.2 76.3 77.3 76.7 54.1 50.0 52.0 Design Management 89.9 91.4 90.3 91.3 48.3 42.4 43.4 Product Lifecycle Management 50.5 50.3 50.7 50.6 49.4 46.9 49.9 Process Management 84.6 82.9 84.3 83.2 81.4 79.7 79.7 EBITA, SEK m 672 605 970 9031) 863 6402) 7283) Design Management 313 352 471 511 518 334 398 Product Lifecycle Management 120 79 168 1271) 170 1432) 158 Process Management 297 241 402 345 252 244 226 EBITA margin, % 15.2 14.3 16.2 15.61) 11.1 8.62) 11.73) Design Management 17.2 20.3 19.0 21.3 11.2 7.8 11.4 Product Lifecycle Management 9.3 6.0 9.7 7.21) 9.0 7.62) 10.0 Process Management 22.1 20.2 22.2 20.8 19.2 19.0 19.1 Average number of employees 2,894 2,663 2,858 2,728 2,586 2,455 2,137 Design Management 1,274 1,074 1,272 1,122 1,104 1,016 793 Product Lifecycle Management 673 718 680 714 730 740 687 Process Management 930 858 931 877 738 686 648 1) EBIT A for 2025 was charged with restructuring costs of SEK 24 m. Addnode Group’s EBIT A (full year) adjusted for restructuring costs was SEK 927 m, and the adjusted EBIT A margin amounted to 16.0 percent. 2) EBIT A for 2023 was charged with restructuring costs of SEK 20 m. Addnode Group’s EBIT A (full year) adjusted for restructuring costs was SEK 660 m, and the adjusted EBIT A margin amounted to 8.9 percent. 3) In the results for 2022, there was a capital gain of SEK 24 m from the disposal of an office property in Great Britain. 4) As of 2026, Tribia is recognized in the Process Management division (previously Design Management). Comparative figures for 2025 have been restated, but the 2022–2024 periods have not been restated, which affects comparability between periods. 5) In the January–September 2026 period, the Design Management division and the Group were charged with restructuring costs of SEK 28 m.
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 22 Key figures, cont. Jan–Sep Rolling 12 mos Full year 2026 2025 Oct 2025 –Sep 2026 2025 2024 2023 2022 Cash flow from operating activities, SEK m 434 105 758 430 701 485 714 Change in net sales, % 1) 4 -33 5 -25 5 19 53 Operating margin, % 9.1 9.3 10.3 10.5 7.7 5.5 8.5 Return on capital employed, % 12.6 16.6 12.6 14.1 18.6 13.8 19.6 Return on equity, % 13.3 15.4 13.3 14.8 17.6 13.5 20.7 Equity/assets ratio, % 32 31 32 28 29 29 32 Equity, SEK m 3,060 2,639 3,060 2,733 2,458 2,116 2,005 Net debt, SEK m 2,642 1,918 2,642 2,465 1,052 999 463 Debt/equity ratio, % 86 73 86 90 43 47 23 1) The transition to Autodesk’s new transaction model affects the comparison between 2025 and previous years (2022–2024). Share data Jan–Sep Rolling 12 mos Full year 2026 2025 Oct 2025 –Sep 2026 2025 2024 2023 2022 Average number of shares outstanding before dilution, million 135.6 134.1 135.6 133.9 133.3 133.4 133.6 Average number of shares outstanding after dilution, million 135.6 134.1 135.6 134.0 133.4 133.4 133.6 Total number of shares outstanding, million 135.6 135.6 135.6 135.6 133.4 133.3 133.5 Earnings per share before and after dilution, SEK 1.79 1.85 2.79 2.87 3.02 2.09 2.86 Cash flow from operating activities per share, SEK 3.20 0.77 5.59 3.17 5.26 3.63 5.34 Equity per share, SEK 22.57 19.47 22.57 20.16 18.42 15.87 15.02 Share price at end of period, SEK 49.80 105.00 49.80 96.90 103.80 85.30 98.40 Share price/equity per share 2.21 5.39 2.21 4.81 5.63 5.37 6.55
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 23 Key figures (quarterly) 2026 20253) 20243) Q3 Q24) Q1 Q4 Q3 Q2 Q1 Q4 Net sales, SEK m 1) 1,438 1,449 1,531 1,564 1,311 1,457 1,461 1,484 Design Management 595 560 659 659 490 627 618 660 Product Lifecycle Management 436 438 420 446 435 444 448 492 Process Management 417 463 466 467 395 394 404 344 Gross profit, SEK m 1,099 1,109 1,202 1,215 978 1,127 1,122 1,123 Design Management 532 498 602 601 437 581 570 594 Product Lifecycle Management 216 222 216 229 214 224 229 255 Process Management 355 394 390 390 333 327 329 283 Gross margin, % 76.4 76.5 78.5 77.7 74.6 77.4 76.8 75.7 Design Management 89.4 88.9 91.4 91.1 89.2 92.7 92.2 90.0 Product Lifecycle Management 49.5 50.7 51.4 51.4 49.2 50.5 51.2 51.8 Process Management 85.1 85.1 83.7 83.5 84.3 83.0 81.4 82.3 EBITA, SEK m 250 148 274 298 149 238 2172) 248 Design Management 122 33 158 158 43 162 147 146 Product Lifecycle Management 46 41 33 48 42 33 42) 53 Process Management 100 93 104 105 86 74 82 70 EBITA margin, % 1) 17.4 10.2 17.9 19.1 11.4 16.3 14.92) 16.7 Design Management 20.5 5.9 24.0 24.0 8.8 25.8 23.8 22.1 Product Lifecycle Management 10.6 9.4 7.9 10.7 9.7 7.4 0.92) 10.8 Process Management 24.0 20.1 22.3 22.5 21.8 18.8 20.3 20.3 Average number of employees 2,860 2,883 2,936 2,916 2,718 2,617 2,612 2,610 Design Management 1,234 1,282 1,306 1,267 1,127 1,049 1,045 1,117 Product Lifecycle Management 667 662 689 702 708 721 725 731 Process Management 944 924 922 932 879 833 827 748 1) The transition to Autodesk’s new transaction model and the reclassification of other third-party agreements had an impact on the comparison with previous periods. The new transaction model and the reclassification of third-party agreements were implemented in the fourth quarter of 2024, which means that the fourth quarter of 2025 is comparable with the fourth quarter of 2024. 2) EBIT A in the Product Lifecycle Management division in Q1 2025 was charged with restructuring costs of SEK 24 m. Addnode Group’s EBIT A adjusted for restructuring costs was SEK 241 m, and the adjusted EBIT A margin amounted to 16.5 percent. 3) As of 2026, Tribia is recognized in the Process Management division (previously Design Management). Comparative figures for 2025 have been restated, but 2024 has not been restated, which affects comparability between periods. 4) In Q2 2026, the Design Management division and the Group were charged with restructuring costs of SEK 28 m.
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 24 Key figures, cont. 2026 2025 2024 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Cash flow from operating activities, SEK m 9 62 363 324 -64 -33 203 275 -133 Change in net sales, % 10 -1 5 5 -29 -27 -39 -29 20 Operating margin, % 11.1 4.0 12.1 13.7 5.6 11.7 10.2 12.0 7.4 Return on capital employed, % 1) 12.6 12.4 14.6 14.1 16.6 19.1 17.3 18.6 17.6 Return on equity, % 1) 13.3 12.3 15.0 14.8 15.4 18.3 15.7 17.6 17.4 Equity/assets ratio, % 32 30 30 28 31 30 31 29 29 Equity, SEK m 3,060 2,844 2,952 2,733 2,639 2,411 2,464 2,458 2,276 Net debt, SEK m 2,642 2,450 2,231 2,465 1,918 1,147 936 1,052 1,102 Debt/equity ratio, % 86 86 76 90 73 48 38 43 48 1) Key figures have been adjusted to reflect annualized return. Share data 2026 2025 2024 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Average number of shares outstanding before dilution, million 135.6 135.6 135.6 135.6 135.5 133.5 133.5 133.4 133.3 Average number of shares outstanding after dilution, million 135.6 135.6 135.6 135.7 135.7 133.5 133.5 133.4 133.6 Total number of shares outstanding, million 135.6 135.6 135.6 135.6 135.6 133.5 133.5 133.4 133.3 Earnings per share before and after dilution, SEK 0.80 0.15 0.83 1.01 0.40 0.78 0.67 0.98 0.73 Cash flow from operating activities per share, SEK 0.07 0.46 2.68 2.39 -0.47 -0.25 1.52 2.06 -1.00 Equity per share, SEK 22.57 20.98 21.78 20.16 19.47 18.06 18.46 18.42 17.07 Share price at end of period, SEK 49.80 41.00 66.20 96.90 105.00 110.80 98.80 103.80 110.90 Share price/equity per share 2.21 1.95 3.04 4.81 5.39 6.14 5.35 5.63 6.50
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 25 The European Securities and Markets Authority (ESMA) has issued guidelines for disclosures on Alternative Performance Measures (APMs) for companies with securities listed on a regulated market in the EU, which apply to Alternative Performance Measures in published man- datory information. Alternative Performance Measures are financial metrics on historical or future performance of earnings, financial posi- tion, financial results or cash flows that are not defined or stated in the applicable rules for financial reporting. Certain performance metrics are used in this Interim Report that are not defined in IFRS, with the intention of offering investors, financial analysts and other stakeholders clear and relevant information on the company’s operations and per- formance. The use of these performance metrics and reconciliation with the financial statements are presented below. EBITA EBIT A is a metric the Group considers relevant to investors, financial analysts and other stakeholders to understand earnings generation before investments in intangible non-current assets. This measure is an expression of operating profit before the amortization and impairment of intangible non-current assets. Net debt The Group considers this key figure useful to the readers of financial statements as a complement in evaluating dividend potential, making strategic investments and assessing the Group’s potential to satisfy financial obligations. This key figure is an expression of the level of financial borrowing in absolute terms after deducting cash and cash equivalents. Reconciliation of EBITA SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Rolling 12 mos Oct 2025 –Sep 2026 Full year 2025 Operating profit 159 74 403 393 617 607 Amortization and impairment of intangible non-current assets 91 75 269 212 353 296 EBITA 250 149 672 605 970 903 EBITA margin (EBITA in relation to net sales), % 17.4 11.4 15.2 14.3 16.2 15.6 Reconciliation of EBITDA SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep Rolling 12 mos Oct 2025 –Sep 2026 Full year 2025 Operating profit 159 74 403 393 617 607 Depreciation and impairment of property, plant and equipment 33 32 94 90 126 122 Amortization and impairment of intangible non-current assets 91 75 269 212 353 296 EBITDA 283 181 766 695 1,096 1,025 Reconciliation of net debt SEK m 2026 Sep 30 2025 Sep 30 2025 Dec 31 Non-current liabilities 3,704 1,630 3,492 Current liabilities 2,765 4,138 3,575 Non-interest-bearing non-current and current liabilities -3,035 -3,511 -3,977 Total interest-bearing liabilities 3,434 2,257 3,090 Cash and cash equivalents -792 -339 -625 Net debt (+)/receivable (–) 2,642 1,918 2,465 Alternative performance measures, use and reconciliation
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INTERIM REPORT JANUARY 1–SEPTEMBER 30, 2026 | 26 Return on equity Profit after tax as a percentage of average equity. Based on profit for the last 12 months and the average of the opening and closing balances of equity. Return on capital employed Profit before tax plus financial expenses as a percentage of average capital employed. It is based on profit for the last 12 months and the average of the opening and closing balance of capital employed. Share price/equity Share price in relation to equity per share. Gross profit Net sales less purchases of goods and services. Gross margin Gross profit as a percentage of net sales. CAGR (compound annual growth rate) Average annual growth over a specified period, expressed as an annual percentage change. CAGR shows the steady growth rate that would be required to move from an initial value to a final value over the period, provided that growth occurs at the same percentage each year. EBITDA Operating profit before depreciation/amorti- zation and impairment of property , plant and equipment and intangible non-current assets. EBITA Earnings before amortization and impairment of intangible assets. EBITA margin EBIT A as a percentage of net sales. Equity Reported equity plus untaxed reserves less deferred tax at the current tax rate. Equity per share Equity divided by the total number of shares outstanding. Cash flow per share Cash flow from operating activities divided by the average number of shares outstanding. Licenses Comprises software subscriptions (perpetual licenses). Average number of employees Average number of employees in the period (full- time equivalents). Net debt Interest -bearing liabilities less cash and cash equivalents and other interest -bearing receiv- ables. According to this definition, negative net debt means that cash and cash equivalents and other interest -bearing financial assets exceed interest -bearing liabilities. Organic growth Changes in net sales, excluding currency effects and acquisitions/divestments, com- pared with the same period last year. Earnings per share Profit after tax divided by the average number of shares outstanding. Operating margin Operating profit as a percentage of net sales. Debt/equity ratio Net debt in relation to equity (including equity attributable to non-controlling interests). Equity/assets ratio Equity (including equity attributable to non-controlling interests) as a percentage of total assets. Capital employed T otal assets less non-interest -bearing liabilities and non-interest -bearing provisions including deferred tax liabilities. Recurring revenue Consists of software subscriptions (fixed- term licenses where Addnode Group acts as the principal), revenue from agreements where Addnode Group is the agent (agent model), support and maintenance services, and SaaS services. Definitions This information is mandatory for Addnode Group AB (publ) to publish pursuant to the EU Market Abuse Regulation. This report has been prepared in Swedish and English versions. In the case of inconsistency between the two, the Swedish version shall apply. This information was submitted for publication at 7:30 a.m. CEST on October 23, 2026.
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Design Management division Product Lifecycle Management division Process Management division ADDNODE GROUP AB (publ) Norra Stationsgatan 93A, SE- 113 64 Stockholm Corporate identity number: 556291-3185 +46 (0)8 630 70 70 info@addnodegroup.com addnodegroup.com For more information, please contact: Johan Andersson, President and CEO, johan.andersson@addnodegroup.com +46 (0)70 420 58 31 Kristina Elfström Mackintosh, CFO, kristina.mackintosh@addnodegroup.com +46 (0)70 633 89 90