Interim report
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Quarterly Report Q3 2026 27 October, 2026 Experience a safer and more open world 1 (19) Record sales, operating profit and margin Third quarter • Net sales totaled SEK 40,771 M (38,146), with organic growth of 4% (3) and acquired net growth of 2% (5). Exchange rates affected sales by 1% (–6). • Organic sales growth was strong in Americas and EMEIA, good in Global Technologies and Entrance Systems, but declined in Asia Pacific. • Three acquisitions with combined annual sales of about SEK 350 M and one divestment were completed during the quarter. • Operating income1 (EBITA) increased by 12% to SEK 7,612 M (6,815) with an operating margin of 18.7% (17.9). • Operating income1 (EBIT) increased by 11% to SEK 7,102 M (6,416) with an operating margin of 17.4% (16.8). • Net income1 amounted to SEK 4,718 M (4,144). • Earnings per share1 amounted to SEK 4.24 (3.73). • Operating cash flow amounted to SEK 7,405 M (6,969). 1 Excluding items affecting comparability for the same period of the previous year. Please see the tabulated figures section in this report, page 12, for further details about the financial effects in 2025. Organic growth +4% Acquired net growth +2% Operating income (EBIT)1 +11% Earnings per share1 +14% Sales and income Third quarter January–September 2025 2026 Δ 2025 2026 Δ Sales, SEK M 38,146 40,771 7% 114,102 115,781 1% Of which: Organic growth 1,119 1,428 4% 2,671 3,568 3% Acquisitions and divestments 1,853 935 2% 5,417 2,623 2% Exchange rate effects –2,243 262 1% –4,572 –4,512 –4% Operating income (EBIT)1, SEK M 6,416 7,102 11% 18,216 19,242 6% Operating margin (EBITA)1, % 17.9% 18.7% 17.0% 17.8% Operating margin (EBIT)1, % 16.8% 17.4% 16.0% 16.6% Income before tax1, SEK M 5,563 6,333 14% 15,648 17,018 9% Net income1, SEK M 4,144 4,718 14% 11,658 12,678 9% Operating cash flow, SEK M 6,969 7,405 6% 14,845 16,847 13% Earnings per share1, SEK 3.73 4.24 14% 10.49 11.41 9%
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27 October, 2026 | Q3 2026 Experience a safer and more open world 2 (19) Comments by the President and CEO I am happy to report another record strong quarter for ASSA ABLOY in which our sales grew by 7%, driven by 4% organic sales growth, 2% net acquired growth and 1% from currency movements. This is the seventh consecutive quarter with organic sales growth despite the geopolitical and macroeconomic uncertainties we have seen in the last couple of years. The good organic sales growth contributed to a record-high operating margin and for the first time our operating profit exceeds SEK 7bn in a quarter! Organic sales growth was strong in the Americas and EMEIA divisions – 6% and 5% respectively. Americas growth was driven by continued strong growth in the non-residential segment and Latin America. The North America Residential segment improved and had good sales growth. In EMEIA, the growth was driven by very strong sales growth in Central Europe, while the other regions had good or stable sales growth developments. Global Technologies grew by 4%, with strong sales growth in HID, while Global Solutions’ growth was low single- digit due to temporarily lower deliveries in the retail business unit. Entrance Systems reported good organic growth of 3%, driven by Pedestrian and Perimeter Security. Organic sales in Asia Pacific declined 1% due to weak sales in Greater China. The operating profit (EBIT) totaled SEK 7,102 M, up 11% vs. last year. The operating margin improved by 60 bps year-on-year to 17.4% (16.8) driven by excellent operating leverage of 47% due to price realization and cost efficiencies. The operating cash flow improved by 6% year-on-year to SEK 7,405 M, resulting in an excellent cash conversion of 117%. Our people make the difference Our decentralized organization and commitment to innovation remain two of our key competitive advantages. However, the foundation of everything we do is our 65,000 people. Their dedication, expertise and curiosity drive our success. As more of our products and solutions become electromechanical, our technology platforms create new opportunities to realize synergies. To continue to lead this transition, we continue to invest in our people. Over the last eight years, the number of internal applications for each open position has almost tripled, demonstrating the strength of our culture and the career opportunities available within ASSA ABLOY. Developing talent remains a strategic priority. Through leadership development programs, continuous learning opportunities and increased cross-divisional collaboration, we are building the capabilities to support future growth. Our "Together We" culture is founded on empowerment, innovation and integrity. This supports our ambition to be a world-leading organization, knowing that when our people succeed, our business succeeds too. Our acquisition strategy also brings talented people into the Group, adding fresh perspectives, new ideas and entrepreneurship. We are proud that many founders of the companies we acquire choose to remain with ASSA ABLOY. During the quarter, we acquired three businesses. We also announced the signing of Gunnebo Entrance Control, which will strengthen and complement our existing offering in pedestrian access solutions. We are proud of what we have accomplished in the first nine months and are confident in our ability to deliver another strong year. At the same time, we remain focused on the opportunities ahead. To ensure that ASSA ABLOY remains long-term competitive, we will also launch our 11 th manufacturing footprint program during the fourth quarter. Thank you for your continued trust in ASSA ABLOY. Nico Delvaux President and CEO 60,000 70,000 80,000 90,000 100,000 110,000 120,000 130,000 140,000 150,000 160,000 170,000 ,0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Q3 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 SEK M Sales by quarter and last 12 months Sales, quarter Sales, 12 months 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Q3 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 SEK M Operating cash flow by quarter and last 12 months Operating cash flow, quarter Operating cash flow, 12 months 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00 16.00 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 Q3 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 SEK Earnings per share by quarter and last 12 months Earnings per share, quarter Earnings per share, 12 months
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27 October, 2026 | Q3 2026 Experience a safer and more open world 3 (19) Third quarter The Group’s sales totaled SEK 40,771 M (38,146), an increase of 7% over last year. Organic growth amounted to 4% (3). Net growth from acquisitions and divestments was 2% (5), of which 3% (6) were acquisitions. Exchange rates affected sales by 1% (–6). The Group’s operating income before amortizations from acquisitions 2 (EBITA) amounted to SEK 7,612 M (6,815). The corresponding EBITA margin was 18.7% (17.9). The Group’s operating income2 (EBIT) totaled SEK 7,102 M (6,416), an increase of 11%. The corresponding operating margin was 17.4% (16.8). Exchange rates had an impact of SEK 2 M (–476) on EBIT. Net financial items amounted to SEK –768 M (–853). The Group’s income before tax 2 totaled SEK 6,333 M (5,563). Exchange rates had an impact of SEK 40 M (–444) on income before tax2. The corresponding profit margin was 15.5% (14.6). The estimated effective income tax rate, on an annualized basis and excluding items affecting comparability, is 25.5% (25.3 for full-year 2025). Earnings per share before and after dilution2 amounted to SEK 4.24 (3.73), an increase of 14% over last year. Operating cash flow was record strong for a third quarter and totaled SEK 7,405 M (6,969), which corresponds to a cash conversion 2 of 1.17 (1.25). The net debt/equity ratio totaled 0.54 (0.63) at the end of the quarter. Financial net debt totaled SEK 64,212 M (64,277). New bonds were issued during the quarter for a total value of SEK 849 M, while SEK 6,984 M in long-term loans were repaid. The Group’s long-term borrowing totaled SEK 48,560 M (46,553), while short-term borrowing totaled SEK 10,330 M (12,185). First nine months of the year The Group’s sales for the first nine months of 2026 totaled SEK 115,781 M (114,102), an increase of 1% over last year. Organic growth amounted to 3% (3). Net growth from acquisitions and divestments was 2% (5), of which 2% (6) were acquisitions. Exchange rates affected sales by –4% (–5). The Group’s operating income before amortizations from acquisitions 2 (EBITA) amounted to SEK 20,561 M (19,421). The corresponding EBITA margin was 17.8% (17.0). The Group’s operating income2 (EBIT) totaled SEK 19,242 M (18,216), an increase of 6% over last year. The corresponding operating margin was 16.6% (16.0). Net financial items amounted to SEK –2,225 M (–2,568). The Group’s income before tax2 totaled SEK 17,018 M (15,648). The corresponding profit margin was 14.7% (13.7). Earnings per share before and after dilution2 amounted to SEK 11.41 (10.49), an increase of 9%. Operating cash flow totaled SEK 16,847 M (14,845), which corresponds to a cash conversion2 of 0.99 (0.95). New bonds were issued during the interim period for a total value of SEK 6,794 M, while SEK 10,107 M in long-term loans were repaid. Restructuring measures Restructuring payments totaled SEK 168 M (158) for the quarter. The programs proceeded according to plan. At the end of the quarter, provisions of SEK 248 M remained in the balance sheet for carrying out these programs. A new Manufacturing Footprint Program will be launched during the fourth quarter of 2026. Similar to previous programs, closure of factories, warehouses and offices in the restructuring program will take place over a period of around two years. 2 Excluding items affecting comparability for the same period the previous year. Please see the tabulated figures section in this report, page 12, for further details about the financial effects in 2025.
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27 October, 2026 | Q3 2026 Experience a safer and more open world 4 (19) Quarterly comments by division Opening Solutions EMEIA Sales for the quarter in EMEIA totaled SEK 6,727 M (6,325), with an organic sales growth of 5% (4). Organic sales growth was very strong in Central Europe, and good in both the Nordics and Middle East/India/Africa. In South Europe, organic sales growth was small, while it was stable in UK/Ireland. Sales growth from acquisitions was 1%. Operating income excluding items affecting comparability totaled SEK 1,062 M (951), which represents an operating margin (EBIT) of 15.8% (15.0). Return on capital employed, on an annualized basis and excluding items affecting comparability, totaled 16.7% (15.3). Operating cash flow before non-cash items and interest paid totaled SEK 1,153 M (1,179). Opening Solutions Americas Sales for the quarter in the Americas totaled SEK 11,831 M (10,840), with an organic sales growth of 6% (3). Organic sales growth was strong in the North America Non-Residential segment and good in both Latin America and the North America Residential segment. Net sales growth from acquisitions and divestments was 2%. Operating income excluding items affecting comparability totaled SEK 2,314 M (2,003), which represents an operating margin (EBIT) of 19.6% (18.5). Return on capital employed, on an annualized basis and excluding items affecting comparability, totaled 13.7% (12.6). Operating cash flow before non-cash items and interest paid totaled SEK 3,831 M (2,679). Opening Solutions Asia Pacific Sales for the quarter in Asia Pacific totaled SEK 2,214 M (2,119), with an organic sales growth of –1% (–4). The organic sales growth was small in Pacific & Northeast Asia, but it declined in Greater China & Southeast Asia. Sales growth from acquisitions was 2%. Operating income excluding items affecting comparability totaled SEK 217 M (217), which represents an operating margin (EBIT) of 9.8% (10.2). Return on capital employed, on an annualized basis and excluding items affecting comparability, totaled 6.8% (6.2). Operating cash flow before non-cash items and interest paid totaled SEK 272 M (318). Global Technologies Sales for the quarter in Global Technologies totaled SEK 7,104 M (6,729), with an organic sales growth of 4% (3). Organic sales growth was strong in HID and good in Global Solutions. Net sales growth from acquisitions and divestments was 1%. Operating income excluding items affecting comparability totaled SEK 1,421 M (1,330), which represents an operating margin (EBIT) of 20.0% (19.8). Return on capital employed, on an annualized basis and excluding items affecting comparability, totaled 15.3% (14.7). Operating cash flow before non-cash items and interest paid totaled SEK 1,360 M (1,659). Entrance Systems Sales for the quarter in Entrance Systems totaled SEK 13,502 M (12,595), with an organic sales growth of 3% (4). Organic sales growth was strong in Pedestrian and Perimeter Security, small in Doors & Automation and declined in the Industrial segment. Sales growth from acquisitions was 4%. Operating income excluding items affecting comparability totaled SEK 2,302 M (2,187), which represents an operating margin (EBIT) of 17.1% (17.4). Return on capital employed, on an annualized basis and excluding items affecting comparability, totaled 18.6% (19.4). Operating cash flow before non-cash items and interest paid totaled SEK 1,844 M (2,336).
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27 October, 2026 | Q3 2026 Experience a safer and more open world 5 (19) Acquisitions and divestments Acquisitions Three acquisitions were completed during the third quarter of 2026. The combined acquisition price for all businesses acquired during the first nine months of 2026, including adjustments from prior-year acquisitions, totaled SEK 5,143 M. The corresponding acquisition price on a cash- and debt-free basis totaled SEK 5,876 M. Preliminary acquisition analyses indicate that goodwill and other intangible assets with indefinite useful life totaled SEK 4,256 M. Estimated deferred considerations for current year acquisitions were SEK 638 M. On 16 September, 2026, it was announced that ASSA ABLOY had acquired Pacific Lock Company, a US padlock and security hardware manufacturer. Sales for 2025 amounted to about SEK 155 M. On 3 August, 2026, it was announced that ASSA ABLOY had signed an agreement to acquire Gunnebo Entrance Control, an international provider of entrance control solutions, including speed gates, mass transit gates and security revolving doors. The business is headquartered in Maresfield, UK, with manufacturing sites across Europe, the US and Asia. Sales for 2025 amounted to about SEK 1,670 M. The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the fourth quarter of 2026. On 24 July, 2026, it was announced that ASSA ABLOY had acquired Classic Brass, a US manufacturer of premium cabinet and door hardware. Sales for 2025 amounted to about SEK 155 M. Divestments ASSA ABLOY divested Flatley Dock Systems, within the Entrance Systems division, during the third quarter. Annual sales in 2025 totaled about SEK 20 M. The divestment result was immaterial. Sustainable development ASSA ABLOY continues to make good progress toward its science-based climate targets and its long-term commitment to reducing carbon emissions across the value chain by 2030. Scope 3 remains a key priority, as it accounts for approximately 70% of the Group’s total carbon footprint. To accelerate progress in this area, many of our colleagues participated in dedicated training programs during the quarter, focusing on identifying and implementing practical opportunities to reduce emissions throughout our supply chain. Building awareness, capability, and engagement across the organization is an important step in delivering our climate ambitions and supporting our customers on their own sustainability journeys. Innovation also remains at the heart of our approach to sustainability. In 2016, ASSA ABLOY introduced the Sustainability Compass, our in-house developed sustainable innovation framework that has helped guide the development of more sustainable products and solutions over the past decade. Building on this successful foundation, we are now in the final stages of developing our Sustainability Compass 2.0. The enhanced framework places a stronger emphasis on circular economy principles throughout the product development process, while ensuring a clear and tangible sustainability value proposition for our customers. Sustainability Compass 2.0 will be launched in early 2027 and will play an important role in supporting our Sustainability Program 2030 and science-based target climate commitments. Parent Company Other operating income for the parent company ASSA ABLOY AB totaled SEK 5,254 M (4,519) for the first nine months of 2026. Operating income for the same period totaled SEK 1,142 M (272). Net investments in tangible and intangible assets totaled SEK –59 M (6). Liquidity is good and the equity ratio was 31.9% (29.7).
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27 October, 2026 | Q3 2026 Experience a safer and more open world 6 (19) Accounting policies ASSA ABLOY applies IFRS Accounting Standards (IFRS) as endorsed by the European Union. The same accounting and valuation policies were applied as in the last Annual Report. No new or amended standards with material impact on the Group’s financial reports have been applied for the first time in 2026. IFRS 18 Presentation and Disclosure in Financial Statements is effective from January 1, 2027, with retroactive application. The Group is continuing to identify all the effects that the amendments will have on the financial statements and related disclosures. The Group has elected to present foreign exchange differences on intragroup monetary assets and liabilities in the same category in which income and expenses from those assets and liabilities would have been classified before elimination on consolidation. This Report was prepared in accordance with IAS 34 “Interim Financial Reporting” and the Swedish Annual Accounts Act. The Report for the Parent Company was prepared in accordance with the Annual Accounts Act and RFR 2 “Reporting by a Legal Entity”. ASSA ABLOY uses a number of financial performance measures that are not defined in the reporting rules which the company describes as “alternative performance measures.” For definitions of financial performance measures, refer to Page 19 of this Report. Information about how these measures were calculated is available on the company’s website, www.assaabloy.com. To reconcile how the financial measurements were calculated for current and earlier periods, refer to the tabulated figures in this Quarterly Report and to the company’s Annual Report. The Annual Reports for the years 1994 to 2025 are available on the company’s website. All comparative numbers for income statement and cash flow items relate to the corresponding period last year, unless otherwise indicated. Comparative numbers for the balance sheet relate to the most recent year-end, unless otherwise indicated. Totals quoted in tables and statements may not always be the exact sum of the individual items because of rounding differences. The aim is that each line item should correspond to its source, and rounding differences may therefore arise. Transactions with related parties No transactions that significantly affected the company’s position and income have taken place between ASSA ABLOY and related parties, except for matters in the normal course of business such as paying dividends to shareholders. Risks and uncertainty factors ASSA ABLOY is an international Group with a wide geographical spread, involving exposure to various forms of strategic, operational and financial risks. Strategic risks refer to changes in the business environment with potentially significant effects on ASSA ABLOY’s operations and business objectives. Operational risks comprise risks directly attributable to business operations, entailing a potential impact on the Group’s financial position and performance, such as risks related to acquisitions of companies, as well as legal, environmental, climate, cyber and information security. Financial risks mainly comprise financing, currency, interest rate, credit, and risks associated with the Group’s pension obligations. Risk-taking in itself provides opportunities for continued economic growth, but the risks may also have a negative impact on business operations and company goals. It is therefore essential to have a systematic and efficient risk assessment process and an effective risk management program in general. The purpose of risk management at ASSA ABLOY is not to avoid risks, but to take a controlled approach to identifying, managing and minimizing the effects of these risks. This work is based on an assessment of the probability of the risks and their potential impact on the Group.
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27 October, 2026 | Q3 2026 Experience a safer and more open world 7 (19) Various geopolitical risks, such as military conflicts and wars, terrorist threats, trade conflicts, etc. can affect the global economy and demand for the Group’s goods and services. The introduction of various types of tariffs between countries may have a negative impact on the business in both the short and long term, even though ASSA ABLOY’s manufacturing is mainly done locally. The decentralized organization and agile working method also enable faster adaptation at the local level. For a more detailed description of particular risks and risk management, please see the 2025 Annual Report. M&A and FX guidance The guidance below relating to two key figures is provided to facilitate financial modeling but should not be viewed as forecasting market outlooks or ASSA ABLOY’s business performance. Acquisitions and divestments It is estimated that completed acquisitions and divestments, on a rolling 12-month basis as of September 30, 2026, will have an effect of 2% on sales in the fourth quarter of 2026 versus the same period last year, while the effect on the operating margin is estimated to be dilutive in the fourth quarter of 2026. Exchange rate effects On the basis of the currency rates on September 30, 2026, it is estimated that the weighted currency effects will be 5% on sales in the fourth quarter of 2026 versus the same period last year, while the effect on the operating margin is estimated to be slightly accretive in the fourth quarter of 2026. Review The Company’s Auditors have not carried out any review of this Report for the third quarter of 2026. Stockholm, 27 October 2026 Nico Delvaux President and CEO
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27 October, 2026 | Q3 2026 Experience a safer and more open world 8 (19) Financial information The Year-End report 2026 and Quarterly Report for the fourth quarter of 2026 will be published on 4 February, 2027. Further information can be obtained from: Nico Delvaux, President and CEO phone: +46 8 506 485 82 Erik Pieder, Executive Vice President and CFO, phone: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, phone: +46 70 275 67 68 e-mail: bjorn.tibell@assaabloy.com ASSA ABLOY is holding a telephone and web conference at 09.00 CET on 27 October, 2026, which can be followed online at assaabloy.com/investors. It is possible to submit questions by telephone on: 08–505 100 31, +44 203 059 5863 or +1 631 570 5613 This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 27 October, 2026. ASSA ABLOY AB (publ) Box 703 40 107 23 Stockholm Visiting address Klarabergsviadukten 90, Stockholm, Sweden Tel +46 (0)8 506 485 00 Fax +46 (0)8 506 485 85 www.assaabloy.com Corporate identity number: 556059-3575 No. 17 2026
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27 October, 2026 | Q3 2026 Experience a safer and more open world 9 (19) Financial information – Group CONDENSED INCOME STATEMENT SEK M 2025 2026 2025 20 26 Sales 38,146 40,771 114,102 115 ,781 Cost of goods sold -21,684 -22,897 -65,683 - 65,573 Gross income 16,463 17,874 48,418 50, 208 Selling, administrative and R&D costs and other operating income & expenses -10,043 -10,781 -31,514 -3 1,033 Capital result from business divestments, incl. exit costs1 3 2 - 231 52 Share of earnings in associates 6 7 18 16 Operating income 6,429 7,102 16,692 1 9,242 Finance net -853 -768 -2,568 - 2,225 Income before tax 5,575 6,333 14,123 17 ,018 Income tax -1,421 -1,615 -3,707 - 4,340 Net income for the period 4,154 4,718 10,416 1 2,678 Net income for the period attributable to: Parent company's shareholders 4,149 4,715 10,411 1 2,669 Non-controlling interests 5 4 6 9 Earnings per share Before and after dilution, SEK 3.74 4.24 9.37 1 1.41 Before and after dilution and excluding items affecting comparability, SEK 3.73 4.24 10.49 1 1.41 CONDENSED STATEMENT OF COMPREHENSIVE INCOME SEK M 2025 2026 2025 20 26 Net income for the period 4,154 4,718 10,416 1 2,678 Other comprehensive income: Items that will not be reclassified to profit or loss Actuarial gain/loss on post-employment benefit obligations -64 31 -87 2 02 Deferred tax from actuarial gain/loss on post-employment benefit obligations 16 -3 22 -4 7 Total -48 28 -66 1 55 Items that may be reclassified subsequently to profit or loss Share of other comprehensive income of associates -18 29 -65 32 Cash flow hedges and net investment hedges 4 155 -111 2 50 Cost of hedging 5 5 17 13 Exchange rate translation differences -558 2,903 -11,017 8, 081 Tax attributable to items that may be reclassified subsequently to profit or loss -1 -1 4 -4 Total -567 3,090 -11,172 8, 372 Total other comprehensive income -615 3,118 -11,237 8, 527 Total comprehensive income for the period 3,539 7,836 -821 21 ,205 Total comprehensive income for the period attributable to: Parent company's shareholders 3,532 7,826 -820 21 ,135 Non-controlling interests 8 10 -1 70 1) Exit costs associated with costs for the divestment of the Smart Residential business in the U.S and Canada in 2023. Jan-Sep Jan-Sep Q3 Q3
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27 October, 2026 | Q3 2026 Experience a safer and more open world 10 (19) Financial information – Group CONDENSED BALANCE SHEET 31 Dec SEK M 2025 2025 2026 ASSETS Non-current assets Goodwill 101,119 101,985 112,230 Intangible assets 36,838 38,040 39,836 Property, plant and equipment 11,807 11,724 13,777 Right-of-use assets 6,287 6,233 6,759 Investments in associates 564 582 607 Other financial assets 626 655 668 Deferred tax assets 1,735 2,071 1,998 Total non-current assets 158,976 161,290 175,876 Current assets Inventories 19,247 20,477 23,607 Trade receivables 21,327 22,496 24,523 Other current receivables and investments 7,423 8,473 7,408 Cash and cash equivalents 1,398 3,319 3,361 Total current assets 49,395 54,766 58,898 TOTAL ASSETS 208,371 216,056 234,774 EQUITY AND LIABILITIES Equity Equity attributable to Parent company's shareholders 101,597 102,875 119,034 Non-controlling interests 122 123 193 Total equity 101,719 102,998 119,227 Non-current liabilities Long-term loans 46,553 48,563 48,560 Non-current lease liabilities 4,900 4,845 5,230 Deferred tax liabilities 4,022 4,191 4,955 Other non-current liabilities and provisions 3,257 3,669 2,804 Total non-current liabilities 58,732 61,267 61,549 Current liabilities Short-term loans 12,185 14,426 10,330 Current lease liabilities 1,715 1,700 1,943 Trade payables 11,030 10,972 12,569 Other current liabilities and provisions 22,990 24,692 29,156 Total current liabilities 47,920 51,790 53,998 TOTAL EQUITY AND LIABILITIES 208,371 216,056 234,774 CHANGES IN EQUITY Equity attributable to: Parent Non- company's controlling Total SEK M shareholders interests equity Opening balance 1 January 2025 107,071 10 107,080 Net income for the period 10,411 6 10,416 Other comprehensive income -11,231 -6 -11,237 Total comprehensive income -820 -1 -821 Dividend -3,277 -9 -3,286 Share-based incentive programs -99 - -99 Change in non-controlling interest - 124 124 Total transactions with shareholders -3,375 115 -3,261 Closing balance 30 September 2025 102,875 123 102,998 Opening balance 1 January 2026 101,597 122 101,719 Net income for the period 12,669 9 12,678 Other comprehensive income 8,466 61 8,527 Total comprehensive income 21,135 70 21,205 Dividend -3,554 -10 -3,564 Share-based incentive programs -127 - -127 Change in non-controlling interest -16 11 -5 Total transactions with shareholders -3,698 1 -3,697 Closing balance 30 September 2026 119,034 193 119,227 30 Sep
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27 October, 2026 | Q3 2026 Experience a safer and more open world 11 (19) Financial information – Group CONDENSED STATEMENT OF CASH FLOWS SEK M 2025 2026 2025 2026 OPERATING ACTIVITIES Operating income 6,429 7,102 16,692 19,242 Add back of Depreciation/amortization/write-downs 1,452 1,749 4,444 4,650 Items affecting comparability -13 - 1,524 - Other non-cash items 24 56 79 -102 Restructuring payments -158 -168 -450 -395 Changes in working capital 1,193 1,142 -2,031 -850 Cash flow before interest and tax 8,928 9,881 20,259 22,546 Interest paid and received -1,054 -1,024 -2,549 -2,243 Tax paid on income -1,142 -1,051 -3,709 -2,672 Cash flow from operating activities 6,732 7,806 14,001 17,631 INVESTING ACTIVITIES Net investments in intangible assets and property, plant and equipment -549 -1,106 -1,828 -2,359 Investments in subsidiaries -1,243 -554 -9,534 -4,649 Divestments of subsidiaries - -2 798 40 Other investments and disposals 0 0 0 -1 Cash flow from investing activities -1,792 -1,662 -10,564 -6,968 FINANCING ACTIVITIES Dividends 0 - -3,286 -3,564 Acquisition of non-controlling interests 0 -5 -1 -5 Repayment of lease liabilities -514 -514 -1,487 -1,493 Net cash effect of changes in borrowings -3,177 -6,142 270 -3,672 Cash flow from financing activities -3,691 -6,661 -4,504 -8,735 CASH FLOW FOR THE PERIOD 1,249 -518 -1,066 1,929 CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of period 2,086 3,869 4,504 1,398 Cash flow for the period 1,249 -518 -1,066 1,929 Effect of exchange rate differences -16 10 -118 34 Cash and cash equivalents at end of period 3,319 3,361 3,319 3,361 Jan-SepQ3
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27 October, 2026 | Q3 2026 Experience a safer and more open world 12 (19) Quarterly information - Group Last 12 THE GROUP IN SUMMARY months SEK M 2024 2024 2025 2025 2025 2025 20 26 2026 2026 2025 2026 2025 Sales 37,418 39,575 37,940 38,015 38,146 38,307 35,751 39,259 40,771 114,102 115,781 152,409 154,088 Organic growth 0% 0% 2% 3% 3% 4% 2% 4% 4% 3% 3% 3% - Gross income1 15,756 16,584 16,221 16,301 16,459 1 6,500 15,453 16,882 17,874 48,981 50,208 65,481 66,708 Gross margin 1 42.1% 41.9% 42.8% 42.9% 43.1% 4 3.1% 43.2% 43.0% 43.8% 42.9% 43.4% 43.0% 43.3% EBITDA1 7,635 8,092 7,164 7,627 7,868 8, 085 6,889 8,152 8,851 22,660 23,893 30,745 31,977 EBITDA margin 1 20.4% 20.4% 18.9% 20.1% 20.6% 21. 1% 19.3% 20.8% 21.7% 19.9% 20.6% 20.2% 20.8% Depreciation, excl attrib. to business combinations -1,026 -1,194 -1,114 -1,072 -1,053 -1,216 - 1,031 -1,062 -1,239 -3,239 -3,332 -4,455 -4,547 EBITA1 6,609 6,898 6,051 6,555 6,815 6, 869 5,859 7,091 7,612 19,421 20,561 26,290 27,430 EBITA margin 1 17.7% 17.4% 15.9% 17.2% 17.9% 1 7.9% 16.4% 18.1% 18.7% 17.0% 17.8% 17.2% 17.8% Amortization attrib. to business combinations -354 -369 -405 -400 -399 -421 - 398 -410 -510 -1,205 -1,319 -1,626 -1,740 Operating income (EBIT)1 6,255 6,529 5,645 6,155 6,416 6 ,448 5,461 6,680 7,102 18,216 19,242 24,664 25,690 Operating margin (EBIT) 1 16.7% 16.5% 14.9% 16.2% 16.8% 1 6.8% 15.3% 17.0% 17.4% 16.0% 16.6% 16.2% 16.7% Items affecting comparability1 -43 54 -1,337 -200 13 12 - - - - 1,524 - -1,513 12 Operating income (EBIT) 6,211 6,583 4,308 5,955 6,429 6,460 5 ,461 6,680 7,102 16,692 19,242 23,151 25,702 Operating margin (EBIT) 16.6% 16.6% 11.4% 15.7% 16.9% 16.9% 15.3% 17.0% 17.4% 14.6% 16.6% 15.2% 16.7% Net financial items -878 -845 -879 -836 -853 -760 -711 -745 -768 -2,568 -2,225 -3,329 -2,985 Income before tax 5,333 5,739 3,429 5,119 5,575 5,699 4,749 5,936 6,333 14,123 17,018 19,823 22,717 Profit margin 14.3% 14.5% 9.0% 13.5% 14.6% 14.9% 13.3% 15.1% 15.5% 12.4% 14.7% 13.0% 14.7% Tax on income -1,333 -1,483 -981 -1,305 -1,421 -1,407 -1,211 -1,513 -1,615 -3,707 -4,340 -5,115 -5,747 Net income for the period 4,000 4,255 2,448 3,814 4,154 4,292 3,538 4,422 4,718 10,416 12,678 14,708 16,970 Net income attributable to: Parent company's shareholders 3,998 4,272 2,449 3,812 4,149 4,290 3,537 4,417 4,715 10,411 12,669 14,701 16,959 Non-controlling interests 2 -17 -1 1 5 1 1 5 4 6 9 7 11 Last 12 OPERATING CASH FLOW months SEK M 2024 2024 2025 2025 2025 2025 20 26 2026 2026 2025 2026 2025 Operating income (EBIT) 6,211 6,583 4,308 5,955 6,429 6,460 5,461 6,680 7,102 16,692 19,242 23,151 25,702 Reversal items affecting comparability 43 -54 1,337 200 -13 -12 - - - 1,524 - 1,513 -12 Depreciation and amortization 1,380 1,563 1,519 1,473 1,452 1,637 1,429 1,472 1,749 4,444 4,650 6,081 6,287 Net capital expenditure -655 -383 -737 -542 -549 -770 -569 -684 -1,106 -1,828 -2,359 -2,598 -3,129 Change in working capital 802 1,608 -2,788 -436 1,193 1,664 -2,148 155 1,142 -2,031 -850 -367 814 Interest paid and received -1,032 -797 -754 -741 -1,054 -685 -606 -613 -1,024 -2,549 -2,243 -3,234 -2,928 Repayment of lease liabilities -453 -485 -511 -461 -514 -481 -482 -497 -514 -1,487 -1,493 -1,968 -1,974 Other non-cash items 44 -25 50 5 24 3 55 -213 56 79 -102 83 -99 Operating cash flow 6,341 8,010 2,424 5,452 6,969 7,815 3,141 6,300 7,405 14,845 16,847 22,660 24,662 Cash conversion 1.18 1.41 0.51 1.03 1.25 1.37 0.66 1.06 1.17 0.95 0.99 1.06 1.09 Last 12 CHANGE IN NET DEBT months SEK M 2024 2024 2025 2025 2025 2025 20 26 2026 2026 2025 2026 2025 Net debt at beginning of period 68,198 66,927 70,253 71,441 70,828 66,681 64,277 65,071 68,246 70,253 64,277 70,253 66,681 Operating cash flow -6,341 -8,010 -2,424 -5,452 -6,969 -7,815 -3,141 -6,300 -7,405 -14,845 -16,847 -22,660 -24,662 Restructuring payments 150 323 166 126 158 195 105 122 168 450 395 645 590 Tax paid on income 1,505 1,065 686 1,881 1,142 1,461 585 1,036 1,051 3,709 2,672 5,170 4,132 Acquisitions and divestments 5,592 3,297 7,670 1,112 1,645 1,993 925 4,078 612 10,428 5,615 12,420 7,608 Dividend - 2,999 - 3,286 0 3,277 9 3,554 - 3,286 3,564 6,563 6,841 Actuarial gain/loss on post-employment benefit oblig. -50 266 60 -36 64 -357 -22 -148 -31 87 -202 -270 -559 Change to lease liabilities -95 149 261 133 -79 193 2 63 -112 316 -47 509 146 Exchange rate differences, etc. -2,033 3,236 -5,231 -1,663 -108 -1,350 2,331 771 1,683 -7,002 4,785 -8,352 3,435 Net debt at end of period 66,927 70,253 71,441 70,828 66,681 64,277 65,071 68,246 64,212 66,681 64,212 64,277 64,212 Net debt/Equity 0.66 0.66 0.70 0.71 0.65 0.63 0.60 0.61 0.54 1) Excluding items affecting comparability (IAC), which refer to restructuring costs for our tenth Manufacturing Footprint Program (MFP) and exit costs associated with the divestment of the Smart Residential business in the U.S. and Canada in 2023. For information about items affecting comparability in 2024 and 2025, please see the Year-end report 2024 and 2025, available on assaabloy.com Q4 Q1 Q2 Q3 Year Year Q4 Q1 Q2 Q3 Jan-Sep Jan-Sep Jan-Sep Jan-SepQ3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 YearQ3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Jan-Sep Jan-Sep
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27 October, 2026 | Q3 2026 Experience a safer and more open world 13 (19) Quarterly information – Group NET DEBT Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 S EK M 2024 2024 2025 2025 2025 2025 2026 2026 2026 Interest-bearing assets -257 -249 -244 -240 -230 -210 -218 -257 -269 Cash and cash equivalents -4,073 -4,504 -4,139 -2,086 -3,319 -1,398 -2,513 -3,869 -3,361 Derivative financial instruments, net -456 26 -948 -1,454 -856 -603 220 9 815 Pension provisions 1,232 1,478 1,465 1,458 1,552 1,136 1,116 975 963 Lease liabilities 5,890 6,554 6,304 6,281 6,545 6,614 6,859 7,053 7,173 Interest-bearing liabilities 64,591 66,948 69,003 66,869 62,989 58,738 59,606 64,335 58,890 Total 66,927 70,253 71,441 70,828 66,681 64,277 65,071 68,246 64,212 CAPITAL EMPLOYED AND FINANCING Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 SEK M 2024 2024 2025 2025 2025 2025 2026 2026 2026 Goodwill 99,199 106,874 107,281 104,012 101,985 101,119 104,689 109,641 112,230 Intangible assets 36,463 38,531 35,579 35,929 38,040 36,838 38,393 38,599 39,836 Property, plant and equipment 12,222 12,653 11,684 11,652 11,724 11,807 12,257 12,841 13,777 Right-of-use assets 5,670 6,295 6,068 6,005 6,233 6,287 6,496 6,666 6,759 Other capital employed 14,478 13,019 13,340 13,662 12,529 10,566 12,392 12,274 11,085 Restructuring reserve -358 -39 -1,130 -998 -831 -622 -528 -410 -248 Capital employed 167,674 177,333 172,822 170,262 169,679 165,996 173,700 179,611 183,439 Net debt 66,927 70,253 71,441 70,828 66,681 64,277 65,071 68,246 64,212 Non-controlling interests 16 10 132 118 123 122 165 172 193 Equity attributable to Parent company´s shareholders 100,731 107,071 101,249 99,316 102,875 101,597 108,464 111,193 119,034 OTHER KEY RATIOS ETC Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2024 2025 2025 2025 2025 2026 2026 2026 Earnings per share, SEK 3.60 3.85 2.21 3.43 3.74 3.86 3.18 3.98 4.24 Earnings per share, excl IAC, SEK 3.63 3.81 3.20 3.57 3.73 3.85 3.18 3.98 4.24 Shareholders' equity per share, SEK 90.68 96.39 91.15 89.41 92.62 91.47 97.65 100.10 107.16 Return on capital employed 14.2% 14.4% 14.2% 14.2% 14.2% 14.2% 14.4% 14.6% 14.9% Return on equity 15.6% 15.7% 14.5% 14.6% 14.4% 14.1% 15.1% 15.6% 15.3% Net debt/EBITDA 2.3 2.3 2.4 2.3 2.2 2.1 2.1 2.2 2.0 Average number of employees 62,634 62,825 64,460 64,652 63,723 63,886 63,939 64,426 64,824 Average adjusted capital employed 165,649 168,363 172,654 173,049 174,100 173,241 170,325 170,944 172,743 Average number of shares, thousands 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 Items affecting comparability, net of tax -33 41 -1,103 -149 10 10 - - -
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27 October, 2026 | Q3 2026 Experience a safer and more open world 14 (19) Reporting by division Q3 and 30 Sep SEK M 2025 20 26 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 Sales, external 6,159 6 ,524 10,811 11,760 1,921 1,994 6,681 7,038 12,574 13,456 - - 38,146 40,771 Sales, internal 166 2 03 28 71 198 220 48 66 20 45 -461 -606 - - Sales 6,325 6 ,727 10,840 11,831 2,119 2,214 6,729 7,104 12,595 13,502 -461 -606 38,146 40,771 Organic growth 4% 5% 3% 6 % -4% -1% 3% 4% 4% 3% - - 3% 4% Acquisitions and divestments 5% 1% 2% 2% 0% 2% 10 % 1% 7% 4% - - 5% 2% Exchange-rate effects -4% 0% -8 % 1% -9% 3% -6% 1% -6% 0% - - -6% 1% Cost of goods sold -3,539 - 3,722 -6,172 -6,573 -1,389 -1,473 -2,956 -3,044 -8,082 -8,684 455 599 -21,684 -22,897 Share of earnings in associates - - - - 4 2 - - 2 5 - - 6 7 EBIT, excl items affecting comparability 951 1,062 2,0 03 2,314 217 217 1,330 1,421 2,187 2,302 -272 -215 6,416 7,102 EBIT margin, excl items affecting comparability 15.0% 15.8% 1 8.5% 19.6% 10.2% 9.8% 19.8% 20.0% 17.4% 17.1% - - 16.8% 17.4% Items affecting comparability1 0 - 5 - 2 - 5 - 1 - - - 13 - Operating income (EBIT) 951 1 ,062 2,009 2,314 219 217 1,335 1,421 2,188 2,302 -272 -215 6,429 7,102 Operating margin (EBIT) 15.0% 1 5.8% 18.5% 19.6% 10.3% 9.8% 19.8% 20.0% 17.4% 17.1% - - 16.9% 17.4% OPERATING CASH FLOW SEK M Operating income (EBIT) 951 1 ,062 2,009 2,314 219 217 1,335 1,421 2,188 2,302 -272 -215 6,429 7,102 Items affecting comparability1 0 - -5 - -2 - -5 - -1 - - - -13 - Depreciation and amortization 270 2 61 390 572 90 89 293 318 391 494 17 16 1,452 1,749 Net capital expenditure -105 - 133 -146 -102 -56 -27 -96 -113 -142 -730 -2 -1 -549 -1,106 Repayment of lease liabilities -88 - 78 -87 -93 -29 -27 -71 -60 -228 -241 -12 -14 -514 -514 Change in working capital 151 41 51 9 1,140 96 20 203 -206 127 20 97 127 1,193 1,142 Operating cash flow by division 1,179 1 ,153 2,679 3,831 318 272 1,659 1,360 2,336 1,844 -171 -87 7,999 8,373 Other non-cash items 24 56 24 56 Interest paid and received -1,054 - 1,024 -1,054 -1,024 Operating cash flow 6,969 7, 405 Jan-Sep and 30 Sep SEK M 2025 20 26 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 Sales, external 18,686 19 ,393 33,084 33,474 5,649 5,387 19,160 19,493 37,524 38,034 - - 114,102 115,781 Sales, internal 470 533 92 175 603 641 154 190 61 120 -1,380 -1,659 - - Sales 19,156 19,926 33,176 33,649 6,252 6,028 19,314 19,682 37,584 38,154 -1,380 -1,659 114,102 115,781 Organic growth 1% 4% 3% 5% -4% -2% 6% 4% 2% 2% - - 3% 3% Acquisitions and divestments 4% 2% 2% 2% 0% 1% 7% 2% 8% 3% - - 5% 2% Exchange-rate effects -2% -2% -5% -6% -5% -3% -4% -4% -4% -3% - - -5% -4% Cost of goods sold -11,016 - 11,008 -18,852 -18,920 -4,216 -4,009 -8,734 -8,670 -24,180 -24,621 1 315 1 655 -65,683 -65,573 Share of earnings in associates - - - - 12 6 - - 6 10 - - 18 16 EBIT, excl items affecting comparability 2,731 3,130 5 ,999 6,319 508 495 3,354 3,637 6,340 6,350 -716 -690 18,216 19,242 EBIT margin, excl items affecting comparability 14.3% 15.7% 18 .1% 18.8% 8.1% 8.2% 17.4% 18.5% 16.9% 16.6% - - 16.0% 16.6% Items affecting comparability1 -426 - -274 - -126 - -408 - -121 - -169 - -1,524 - Operating income (EBIT) 2,305 3,1 30 5,726 6,319 381 495 2,946 3,637 6,218 6,350 -885 -690 16,692 19,242 Operating margin (EBIT) 12.0% 15.7% 17.3% 18.8% 6.1% 8.2% 15.3% 18.5% 16.5% 16.6% - - 14.6% 16.6% OPERATING CASH FLOW SEK M Operating income (EBIT) 2,305 3, 130 5,726 6,319 381 495 2,946 3,637 6,218 6,350 -885 -690 16,692 19,242 Items affecting comparability1 426 - 274 - 126 - 408 - 121 - 169 - 1,524 - Depreciation and amortization 777 7 64 1,211 1,350 275 257 830 891 1,299 1,343 52 46 4,444 4,650 Net capital expenditure -320 -367 -463 -319 -169 -107 -337 -327 -538 -1,231 -1 -7 -1,828 -2,359 Repayment of lease liabilities -230 -231 -277 -264 -93 -83 -174 -173 -677 -701 -36 -41 -1,487 -1,493 Change in working capital -592 -707 -578 1,357 -129 -209 -231 -666 -311 -851 -189 226 -2,031 -850 Operating cash flow by division 2,366 2,590 5,893 8,442 392 352 3,442 3,362 6,112 4,910 -890 -465 17,315 19,191 Other non-cash items 79 -102 79 -102 Interest paid and received -2,549 -2,243 -2,549 -2,243 Operating cash flow 14,845 16,847 CAPITAL EMPLOYED SEK M Goodwill 15,455 1 6,478 32,190 35,118 4,944 5,480 22,725 24,119 26,671 31,034 - - 101,985 112,230 Intangible assets 2,554 2,408 19,548 20,355 1,640 1,730 4,937 5,372 9,330 9,932 30 39 38,040 39,836 Property, plant and equipment 3,214 3,379 3,106 3,315 1,179 1,288 1,449 1,581 2,749 4,192 26 22 11,724 13,777 Right-of-use assets 993 936 1,630 1,924 228 358 764 892 2,459 2,487 158 162 6,233 6,759 Other capital employed 2,726 3,270 2,940 614 1,251 1,398 2,487 2,524 3,419 4,732 -294 -1,453 12,529 11,085 Adjusted capital employed 24,943 26,471 59,414 61,326 9,242 10,254 32,363 34,489 44,628 52,377 -80 -1,230 170,510 183,687 Restructuring reserve -309 -130 -37 47 -49 10 -254 -202 -90 11 -92 15 -831 -248 Capital employed 24,634 26,341 59,378 61,373 9,193 10,264 32,109 34,288 44,538 52,388 -173 -1,214 169,679 183,439 Return on capital employed 15.3% 16.7% 12.6% 13.7% 6.2% 6.8% 14.7% 15.3% 19.4% 18.6% - - 14.2% 14.9% Average adjusted capital employed 24,089 24,881 63,154 59,628 10,046 9,419 31,324 32,252 45,107 46,786 - - 174,100 172,743 Average number of employees 12,398 12,669 17,319 17,436 6,588 6,115 8,846 9,199 18,280 18,941 293 275 63,723 64,634 1) Excluding items affecting comparability (IAC), which refer to restructuring costs for our tenth Manufacturing Footprint Program (MFP) and exit costs associated with the divestment of the Smart Residential business in the U.S. and Canada in 2023. For information about items affecting comparability in 2024 and 2025, please see the Year-end report 2024 and 2025, available on assaabloy.com Global Entrance EMEIA Americas Asia Pacific Total Other Total Global Entrance Other Technologies Systems EMEIA Americas Asia Pacific Technologies Systems
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27 October, 2026 | Q3 2026 Experience a safer and more open world 15 (19) Reporting by division Jan-Dec and 31 Dec SEK M 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 Sales, external 24,447 25,202 44,213 43,352 8,200 7,368 23,955 25,861 49,347 50,627 - - 150,162 152,409 Sales, internal 651 620 128 137 920 778 224 216 104 88 -2,027 -1,839 - - Sales 25,098 25,822 44,340 43,489 9,120 8,145 24,179 26,077 49,451 50,715 -2,027 -1,839 150,162 152,409 Organic growth 0% 2% 2% 3% -6% -3% -2% 7% -1% 2% - - -1% 3% Acquisitions and divestments 1% 4% 16% 2% -3% 0% 7% 7% 7% 7% - - 8% 5% Exchange-rate effects 0% -3% -1% -7% -2% -8% 0% -6% 0% -6% - - 0% -7% Cost of goods sold -14,347 -14,752 -25,150 -24,709 -6,207 -5,474 -11,528 -11,744 -32,203 -32,590 2,002 1,829 -87,434 -87,440 Share of earnings in associates - - - - 22 12 12 - 11 16 - - 45 28 EBIT, excl items affecting 3,552 3,748 8,207 7,844 619 652 4,224 4,635 8,493 8,699 -799 -914 24,296 24,664 comparability EBIT margin, excl items affecting 14.2% 14.5% 18.5% 18.0% 6.8% 8.0% 17.5% 17.8% 17.2% 17.2% - - 16.2% 16.2% comparability Items affecting comparability1 -48 -424 67 -270 -40 -126 - -404 - -121 - -169 -21 -1 513 Operating income (EBIT) 3,505 3,324 8,274 7,574 580 527 4,224 4,232 8,493 8,578 -799 -1,083 24,275 23,151 Operating margin (EBIT) 14.0% 12.9% 18.7% 17.4% 6.4% 6.5% 17.5% 16.2% 17.2% 16.9% - - 16.2% 15.2% Operating income (EBIT) 3,505 3,324 8,274 7,574 580 527 4,224 4,232 8,493 8,578 -799 -1,083 24,275 23,151 Items affecting comparability1 48 424 -67 270 40 126 - 404 - 121 - 169 21 1,513 Depreciation and amortization 989 1,076 1,604 1,613 401 361 1,006 1,156 1,592 1,806 53 68 5,645 6,081 Net capital expenditure -434 -479 -740 -613 63 -223 -440 -422 -483 -848 -29 -12 -2,063 -2,598 Repayment of lease liabilities -280 -300 -342 -359 -130 -123 -202 -232 -812 -906 -30 -48 -1,797 -1,968 Change in working capital 44 231 -1,148 -314 45 -129 -3 253 1,228 -139 43 -268 208 -367 Operating cash flow by division 3,872 4,277 7,581 8,171 997 537 4,585 5,390 10,017 8,612 -763 -1,174 26,289 25,812 Other non-cash items 14 83 14 83 Interest paid and received -3 251 -3 234 -3 251 -3 234 Operating cash flow 23,052 22,660 CAPITAL EMPLOYED SEK M Goodwill 14,552 15,500 36,524 32,219 5,582 4,874 21,504 22,260 28,711 26,265 - - 106,874 101,119 Intangible assets 1,498 2,422 22,753 18,884 1,863 1,601 3,848 4,857 8,531 9,041 39 34 38,531 36,838 Property, plant and equipment 3,287 3,228 3,487 3,095 1,331 1,163 1,763 1,426 2,740 2,866 45 29 12,653 11,807 Right-of-use assets 831 966 1,606 1,639 309 206 768 856 2,671 2,474 110 146 6,295 6,287 Other capital employed 2,256 1,641 3,636 3,176 1,399 1,174 2,136 1,545 3,180 3,089 412 -59 13,019 10,566 Adjusted capital employed 22,423 23,757 68,006 59,013 10,485 9,018 30,018 30,944 45,833 43,735 607 150 177,373 166,618 Restructuring reserve -60 -250 -22 -18 9 -45 74 -237 -35 -66 -5 -7 -39 -622 Capital employed 22,363 23,507 67,984 58,996 10,494 8,973 30,093 30,707 45,798 43,670 602 143 177,333 165,996 Return on capital employed 15.9% 15.4% 12.7% 12.7% 5.8% 6.7% 14.8% 14.5% 20.1% 19.4% - - 14.4% 14.2% Average adjusted capital employed 22,353 24,402 64,462 61,947 10,656 9,704 28,510 31,887 42,249 44,899 - - 168,363 173,241 Average number of employees 12,212 12,409 17,889 17,134 6,758 6,480 8,651 8,978 17,035 18,378 279 507 62,825 63,886 1 For information about items affecting comparability in 2024 and 2025, please see the Year-end report 2024 and 2025, available on assaabloy.com Other Total Global Entrance EMEIA Americas Asia Pacific Technologies Systems
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27 October, 2026 | Q3 2026 Experience a safer and more open world 16 (19) Financial information – Notes NOTE 1 DISAGGREGATION OF REVENUE Sales by continent Q3 SEK M 2025 2026 20 25 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 Europe 5,381 5,824 15 42 1 50 165 1,843 1,949 4,811 5,137 -230 -281 11,970 12,837 North America 242 139 9 ,805 10,693 589 590 3,491 3,622 6,861 7,396 -106 -133 20,882 22,308 Central- and South America 26 18 9 07 989 5 11 151 164 88 88 -11 -20 1,165 1,250 Africa 252 278 2 7 5 4 121 111 18 25 - 12 -11 385 413 Asia 378 421 1 01 96 723 718 831 883 392 420 -57 -114 2,367 2,425 Oceania 47 47 9 4 6 48 726 292 375 426 435 -45 -49 1,377 1,538 Total 6,325 6,727 1 0,840 11,831 2,119 2,214 6,729 7,104 12,595 13,502 -461 -606 38,146 40,771 Sales by continent Jan-Sep SEK M 2025 2026 20 25 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 Europe 16,560 17,353 44 124 449 4 91 5,610 5,715 14,716 15,257 -685 -828 36,695 38,113 North America 523 428 3 0,066 30,323 1,689 1,622 9,632 9,764 20,149 20,241 -338 -370 61,722 62,008 Central- and South America 65 52 2 ,776 2,868 21 27 433 443 242 228 -35 -49 3,503 3,569 Africa 786 793 5 17 12 8 38 4 281 62 67 -32 -30 1,217 1,135 Asia 1,094 1,170 2 64 298 2,213 1,902 2,395 2,501 1,197 1,134 -171 -249 6,991 6,756 Oceania 128 130 21 18 1 ,867 1,979 859 977 1,218 1,228 -119 -133 3,973 4,199 Total 19,156 19,926 33,1 76 33,649 6,252 6,028 19,314 19,682 37,584 38,154 -1,380 -1,659 114,102 115,781 Sales by product group Q3 SEK M 2025 2026 20 25 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 Mechanical locks, lock systems and fittings 2,782 2,863 5 ,211 5,586 1,152 1,223 111 132 2 2 -192 -245 9,066 9,560 Electromechanical and electronic locks 2,299 2,512 2 ,688 3,054 429 400 6,614 6,969 296 259 -197 -246 12,129 12,948 Security doors and hardware 1,203 1,245 2, 910 3,163 524 572 4 2 1,253 1,356 -51 -70 5,842 6,268 Entrance automation 40 107 32 29 14 19 - - 11, 044 11,885 -20 -45 11,110 11,995 Total 6,325 6,727 1 0,840 11,831 2,119 2,214 6,729 7,104 12,595 13,502 -461 -606 38,146 40,771 Sales by product group Jan-Sep SEK M 2025 2026 20 25 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 Mechanical locks, lock systems and fittings 8,523 8,521 15,985 16,101 3,453 3,354 319 327 5 5 -569 -682 27,716 27,626 Electromechanical and electronic locks 6,846 7,375 8 ,157 8,266 1,181 1,135 18,985 19,349 879 767 -611 -678 35,435 36,215 Security doors and hardware 3,636 3,720 8 ,931 9,214 1,576 1,480 11 6 3,794 3,865 -138 -185 17,809 18,101 Entrance automation 151 309 1 04 67 42 60 - - 32,907 33,517 -62 -115 33,142 33,839 Total 19,156 19,926 33,1 76 33,649 6,252 6,028 19,314 19,682 37,584 38,154 -1,380 -1,659 114,102 115,781 NOTE 2 BUSINESS COMBINATIONS Consolidated acquisitions 2026 Number of Approx. Month of Acquisition Division Country e mployees sales in 2025 consolidation NSP Security Global technologies United Kingdom < 50 110 2026-02 Sennco Solutions Global technologies USA < 50 330 2026-03 Sam´s Garage Doors Entrance systems Canada < 50 120 2026-03 Rollerdoor Entrance systems Portugal 4 00 640 2026-04 GESI Global technologies USA < 50 50 2026-05 Italiana Porte Rapide Entrance systems Italy 70 19 0 2026-05 Sentinel Dock & Door Entrance systems Canada 37 5 960 2026-06 Santos EMEIA Portugal 14 0 100 2026-06 Classic Brass Americas USA 80 1 55 2026-07 Abe´s Door Service Entrance systems Canada < 50 65 2026-09 Paclock Americas USA < 50 155 2026-09 Global Entrance Global Entrance SystemsTechnologies Entrance Technologies Global Other Total Other EMEIA Americas EMEIA Asia Pacific Asia Pacific EMEIA EMEIA Americas Asia Pacific Total TotalAmericas Systems Systems Americas Asia Pacific Entrance TotalOther Technologies Systems Global Other Technologies
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27 October, 2026 | Q3 2026 Experience a safer and more open world 17 (19) Financial information – Notes Amounts recognized in the group, SEK M 2025 2026 2025 2026 Purchase prices Cash paid for acquisitions during the year 1,238 553 9,644 4,499 Holdbacks and earnouts for acquisitions during the year -71 115 911 638 Fair value of previously owned shares in associates - - 19 - Adjustment of purchase prices for acquisitions in prior years -35 -6 -4 6 Total 1,132 662 10,571 5,143 Acquired assets and liabilities at fair value Intangible assets 2,994 853 5,549 1,669 Property, plant and equipment and right-of-use assets 411 66 683 328 Other non-current assets 103 95 147 132 Inventories -17 66 552 360 Current receivables and investments 127 12 859 637 Cash and cash equivalents 102 11 479 275 Non-current liabilities -683 -159 -2,032 -469 Current liabilities -87 -80 -1,663 -1,388 Total 2,950 863 4,574 1,545 Non-controlling interest in acquired companies - - 138 - Goodwill -1,818 -201 6,134 3,598 Change in cash and cash equivalents due to acquisitions Cash paid for acquisitions during the year 1,238 553 9,644 4,499 Cash and cash equivalents in acquired subsidiaries -102 -11 -479 -275 Paid and received considerations for acquisitions in prior years 107 12 369 425 Total 1,243 554 9,534 4,649 The acquisition analyses for acquisitions made during the last 12 months are preliminary while reviews are ongoing, and will be concluded within one year of the acquisition date. Fair value adjustments of acquired net assets from acquisitions made in previous periods are included in the above table. During the year, some of the analyzes of acquisitions closed during 2025 have been completed. Jan-SepQ3 NOTE 3 FAIR VALUE AND CARRYING AMOUNT ON FINANCIAL ASSETS AND LIABILITIES 30 September 2026 Carrying Fair SEK M amount value Level 1 Level 2 Level 3 Financial assets Financial assets at amortized cost 28,301 28,301 Financial assets at fair value through profit and loss 297 297 297 Derivatives - hedge accounting 173 173 173 Derivatives - held for trading 34 34 34 Total financial assets 28,804 28,804 - 207 297 Financial liabilities Financial liabilities at amortized cost 71,459 70,857 Financial liabilities at fair value through profit and loss 1,363 1,363 1,363 Lease liabilities 7,173 7,173 Derivatives - hedge accounting 512 512 512 Derivatives - held for trading 510 510 510 Total financial liabilities 81,017 80,415 - 1,022 1,363 31 December 2025 Carrying Fair SEK M amount value Level 1 Level 2 Level 3 Financial assets Financial assets at amortized cost 23,086 23,086 Financial assets at fair value through profit and loss 271 271 271 Derivatives - hedge accounting 740 740 740 Derivative instruments - hedge accounting 167 167 167 Total financial assets 24,264 24,264 - 907 271 Financial liabilities Financial liabilities at amortized cost 69,768 69,642 Financial liabilities at fair value through profit and loss 1,317 1,317 1,317 Lease liabilities 6,614 6,614 Derivatives - hedge accounting 167 167 167 Derivatives - held for trading 137 137 137 Total financial liabilities 78,003 77,877 - 303 1,317 Financial assets at fair value through profit and loss pertains to shares and participations. Earnouts are initially measured on the day of acquisition based Financial liabilities at fair value through profit and loss pertains to earnouts, on management's best estimate regarding future outcomes and belong to level 3 i.e. additional payments for acquired companies. The size of an earnout in the hierarchy. is usually linked to the earnings and sales performance in an acquired company during a specific period of time. Financial instruments at fair value at fair value Financial instruments
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27 October, 2026 | Q3 2026 Experience a safer and more open world 18 (19) Financial information – Parent company INCOME STATEMENT IN SUMMARY Year SEK M 2025 2025 2026 Operating income 2,100 272 1,142 Income before appropriations and tax 9,721 1,759 5,660 Net income for the period 10,164 1,874 5,559 The Parent company has no items in other comprehensive income BALANCE SHEET IN SUMMARY 31 Dec SEK M 2025 2025 2026 Non-current assets 53,145 53,393 52,680 Current assets 48,569 49,856 47,941 Total assets 101,714 103,249 100,621 Equity 30,200 25,160 32,078 Untaxed reserves 658 818 658 Non-current liabilities 38,282 40,463 40,237 Current liabilities 32,573 36,807 27,647 Total equity and liabilities 101,714 103,249 100,621 Jan-Sep 30 Sep
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27 October, 2026 | Q3 2026 Experience a safer and more open world 19 (19) Definitions of financial performance measures Organic growth Change in sales for comparable units after adjustments for acquisitions, divestments and exchange rate effects. Operating margin (EBITDA) Operating income before depreciation, amortization and impairment as a percentage of sales. Operating margin (EBITA) Operating income before amortization and impairment of intangible assets recognized in business combinations, as a percentage of sales. Operating margin (EBIT) Operating income as a percentage of sales. Profit margin (EBT) Income before tax as a percentage of sales. Items affecting comparability Restructuring costs and significant non-recurring operating expenses such as revaluation of previously owned shares in associates, revaluation of inventory in business combinations and goodwill impairment. Operating cash flow Cash Flow from operating activities excluding restructuring payments and tax paid on income minus net capital expenditure and repayment of lease liabilities. Cash conversion Operating cash flow in relation to income before tax excluding items affecting comparability. Net capital expenditure Investments in, less disposals of, intangible assets and property, plant and equipment. Depreciation and amortization Depreciation, amortization and impairment of intangible assets, property, plant and equipment and right-of-use assets. Capital employed Total assets less interest-bearing assets and non-interest- bearing liabilities including deferred tax liability. Average adjusted capital employed Average capital employed excluding restructuring reserves for the last twelve months. Net debt Interest-bearing liabilities less interest-bearing assets. See the table on net debt for detailed information. Net debt/EBITDA Net debt at the end of the period in relation to EBITDA for the last twelve months. Net debt/Equity ratio Net debt in relation to equity. Equity ratio Shareholders' equity as a percentage of total assets. Shareholders' equity per share Equity excluding non-controlling interests in relation to number of outstanding shares after any potential dilution. Return on capital employed Operating Income (EBIT), excluding Items Affecting Comparability, for the last twelve months as a percentage of average adjusted capital employed. Return on equity Net income attributable to parent company's shareholders for the last twelve months as a percentage of average equity attributable to parent company's shareholders for the same period. Earnings per share before and after dilution Net income attributable to parent company's shareholders divided by weighted average number of outstanding shares. None of the Group's outstanding long-term incentive programs are expected to result in significant dilution in the future. Earnings per share before and after dilution and excluding items affecting comparability Net income attributable to parent company's shareholders excluding items affecting comparability, net of tax, divided by weighted average number of outstanding shares. None of the Group's outstanding long-term incentive programs are expected to result in significant dilution in the future. To check how the financial measurements have been calculated for current and earlier periods, refer to the tabulated figures in this Quaterly Report and to the company`s Annual Report. The Annual Reports for the years 1994 to 2025 are available on the company website.