Interim report
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For more information, please contact: Karl Sandlund, President and CEO, karl.sandlund@ byggmax.se Helena Nathhorst, CFO, helena.nathhorst@ byggmax.se INTERIM REPORT BYGGMAX GROUP 1 JANUARY – 30 SEPTEMBER 2026Q3 KEY PERFORMANCE INDICATORS July – September January – September 12 months Full year SEK M 2026 2025 2026 2025 Oct 2025 – Sep 2026 2025 Net sales 2,088 1,949 5,230 5,077 6,287 6,133 Gross margin, % 37.2 37.4 36.1 35.6 36.4 35.9 EBITA-margin, % 14.2 14.0 8.5 7.9 6.4 5.9 EBIT 292 258 432 359 380 306 EBIT-margin, % 14.0 13.3 8.3 7.1 6.0 5.0 Net profit/loss for the period 225 191 317 241 267 191 Earnings per share, SEK 3.84 3.26 5.41 4.11 4.55 3.25 Shareholder’s equity per share, SEK 47.33 44.04 47.33 44.04 47. 33 42.91 Cash flow from operating activities 248 300 792 837 765 809 Net debt 1,733 1,944 1,733 1,944 1,733 2,009 Net debt excl. IFRS 16 70 196 70 196 70 354 Number of stores at the end of the period 210 212 210 212 210 212 SEK 6.3 bn 6.4 % SEK 765 M Net sales R12 EBITA margin R12 Cash flow from operating activities R12 THE THIRD QUARTER 2026 • Net sales amounted to SEK 2,088 M (1,949), an increase of 7.1 percent. Exchange rate effects had a positive impact on net sales of 1.5 percent. • The Group’s like-for-like sales increased by 5.1 percent. • Operating profit amounted to SEK 292 M (258). • Net profit for the period amounted to SEK 225 M (191). Earnings per share amounted to SEK 3.84 (3.26). • The net debt excluding lease liabilities amounted to SEK 70 M (196). Net debt/EBITDA ratio excluding IFRS 16 amounted to 0.1x (0.4x). “Increased sales resulted in improved profitability in the important third quarter. With a strong financial position and an efficient operating model, we are now tak- ing the next step in Byggmax’s continued development – with an increased com- mercial focus to win more customers and drive continued profitable growth” . Karl Sandlund, President and CEO
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 02 MESSAGE FROM THE CEO BYGGMAX INCREASES SALES AND STRENGTHENS PROFITABILITY Increased sales resulted in improved profitability in the important third quarter. With a strong financial position and an efficient operating model, we are now taking the next step in Byggmax’s continued develop- ment – with an increased commercial focus to win more customers and drive continued profitable growth. Byggmax’s sales in the third quarter increased by 7.1 percent compared with the previous year and amounted to SEK 2,088 M. Sales increased both in Sweden and in the other Nordic markets. Exchange rate movements also had a positive effect on sales outside Sweden. Several of our core categories performed well during the quarter. Demand increased particularly in the tim - ber, energy efficiency and garden categories. We also saw continued positive development in our improved online offering. Sales growth was driven primarily by higher volumes, and it is encouraging to see that the number of customers increased compared with the previous year. The Group’s operating profit was SEK 34 M higher than in the third quarter of the previous year. The EBITA margin for the quarter was 14.2 (14.0) percent. Our financial position remains strong. At the end of the quarter, net debt excluding lease liabilities amounted to SEK 70 M (196). A WELL-EXECUTED HIGH SEASON Operational control was good during the quarter. Con- sistently strong store operations and customer service contributed to continued high customer satisfaction. During the high season, the focus was on ensuring stable logistics and high product availability. The posi- tive trend from previous quarters continued, with a sharp reduction in the number of stock-outs. The customer offering was strengthened through the launch of a new flooring range and an updated flooring department in our stores. We also developed our out - door living offering, including premium decking, broad- ening the range within a prioritised category. We also saw continued positive development in our improved online offering. In parallel, our enhanced e-commerce offering strengthened both availability and sales. FOCUS ON MORE CUSTOMERS AND PROFITABLE GROWTH We have a solid foundation, with profitability and a strong financial position. In the next step of our trans - formation, we will build on our operational strength through a clearer customer focus and greater commer- cial focus across the value chain – from assortment and purchasing to stores. We will strengthen our position in building materials and become more relevant to home- owners on more purchasing occasions. Our ambition is to increase the active customer base, drive profitable growth through assortment development and further strengthen sales capability in our stores and other channels. At the same time, we will ensure continued strong cash generation and allocate our resources to areas with clear potential. This requires deep customer insights, a strong commer- cial offering and a clear sales focus in our stores. We will better understand customers’ needs and purchasing journeys in order to offer a more relevant assortment, more targeted communication and a smoother shop - ping experience across all channels. AI and technology will contribute to increased customer value, higher effi- ciency and better decision-making in both stores and adminstrative fuctions. The majority of growth will come from our existing sales channels. At the same time, we will continue to develop our store portfolio through new store openings in attractive locations and by closing individual stores where long-term potential is limited. So far, three new stores in Sweden have been confirmed for next year. ENGAGEMENT THAT DRIVES CHANGE During the summer season, our employees made an impressive effort to help customers realise their home projects. Their commitment and sense of responsibility are essential to the transformation we are now driving, with an even clearer customer focus and a more rele - vant offering. A warm thank you to all our customers and employ - ees! With the same drive, we continue into the autumn and winter season. KARL SANDLUND President and CEO
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 03 BYGGMAX GROUP IN BRIEF 4 MARKETS 84 ENGAGEMENT INDEX Stores Showrooms 1,344 EMPLOYEES 210 STORES AND 8 SHOWROOMS Sweden 145 (145) Norway 58 (58) Finland 10 (11) Denmark 5 (5) Of the Group’s 210 stores, 13 are the Right Price Tiles’ brand in Norway and 4 are Lavpris Træ’s in Denmark. Skånska Byggvaror complements its e-commerce sales with 8 showrooms, 4 in Sweden, 3 in Norway and 1 in Finland. FINANCIAL TARGETS • Revenue growth: Growth exceeding the market, implying at least 5 percent annual sales increase over a business cycle. • EBITA margin: At least 7 percent per year. • Dividend: 50 percent of net profit, considering the financial position. • Net debt excl. IFRS 16/ EBITDA R12 shall not exceed 2.5x. BUSINESS MODEL • Clear low-price offering. • Customer-focused assort- ment with high availability and support for self-service. • Efficient drive-in stores and e-commerce, broadening reach and offering flexible delivery options. • Cost-efficient operations with low complexity across the value chain. • Engaged employees driving customer value and satis- faction. STRATEGY The strategy for profitable growth is based on: • Increased customer value and strengthened loyalty through the development of the customer offering. • Higher volumes within the existing infrastructure through efficient develop- ment of stores and digital platforms. • Strong cash flow, enabling investments in the core busi- ness, strategic new openings and an attractive return. Byggmax is a leading Nordic low-cost retailer of building materials and DIY products for home improvement cus- tomers. The business model is based on simplicity and a clear low-price offering, combining a selected in-store range with a broader e-commerce assortment. Econo- mies of scale in logistics and sourcing, together with an efficient organisation and low operating costs, support a cost-efficient business. The strategy for profitable growth focuses on clear cus- tomer value and high efficiency, generating strong cash flow and enabling investments and an attractive return. Founded in 1993, Byggmax’s vision is to be the easiest and most affordable option for home improvers.
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 04 NET SALES AND EARNINGS GROUP JULY – SEPTEMBER 2026 NET SALES The operation’s net sales amounted to SEK 2,088 M (1,949), up 7.1 percent. Exchange rate effects had a positive impact on net sales of 1.5 percent. The Group’s like-for-like sales increased by 5.1 percent. The share of e-commerce amounted to 17 percent (16). The gross margin was 37.2 percent (37.4). Higher pur- chasing volumes and the utilisation of cash discounts from suppliers offset a weaker underlying margin. GEOGRAPHIC NET SALES Net sales in Sweden increased by 6.9 percent and amounted to SEK 1,561 M (1,460) in the quarter. Net sales in Other Nordic increased by 7.7 percent and amounted to SEK 548 M (508) in the quarter. Currency adjusted net sales in other Nordic increased by 1.9 percent. STORES At the end of the quarter, Byggmax Group had 210 stores and 8 showrooms. One store in Finland was closed during the quarter. EARNINGS EBIT amounted to SEK 292 M (258), with an EBIT margin of 14.0 percent (13.3). Personnel expenses and other expenses amounted to SEK 337 M (311), an increase of 8.3 percent compared with the corresponding quarter last year. Costs for new stores amounted to SEK 1 M (1) and closed stores reduced costs by SEK 1 M (1) during the quarter. As a result, comparable costs, i.e. costs excluding new and closed stores, increased by SEK 26 M during the quarter, of which a significant part was attributable to adverse currency effects. NET FINANCIAL ITEMS AND TAX Net financial items amounted to SEK -9 M (-17). Net financial items for the quarter were impacted by exchange-rate effects of SEK 3 M (-1). The profit before tax amounted to SEK 283 M (242). Income tax for the quarter amounted to SEK -58 M (-50). NET PROFIT Net profit for the quarter amounted to SEK 225 M (191). Earnings per share were SEK 3.84 (3.26). NET SALES EBITA AND MARGINNet revenue EBITA and Margin Cash flow from operating activities Net debt (excl. IFRS 16) 4 500 6 000 7 500 0 500 1 000 1 500 2 000 2 500 3 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net revenue, quarter Net revenue, R12 SEK M -6 -3 0 3 6 9 -200 -100 0 100 200 300 400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 EBITA, quarter EBITA-margin R12, % SEK M -200 0 200 400 600 800 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Cash flow from operating activities, quarter Cash flow from operating activities, R12 SEK M 0 250 500 750 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net debt excl. IFRS 16 SEK M Percent Net revenue EBITA and Margin Cash flow from operating activities Net debt (excl. IFRS 16) 4 500 6 000 7 500 0 500 1 000 1 500 2 000 2 500 3 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net revenue, quarter Net revenue, R12 SEK M -6 -3 0 3 6 9 -200 -100 0 100 200 300 400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 EBITA, quarter EBITA-margin R12, % SEK M -200 0 200 400 600 800 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Cash flow from operating activities, quarter Cash flow from operating activities, R12 SEK M 0 250 500 750 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net debt excl. IFRS 16 SEK M Percent
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 05 NET SALES AND EARNINGS GROUP JANUARY – SEPTEMBER 2026 NET SALES The operation’s net sales amounted to SEK 5,230 M (5,077), up 3.0 percent. Exchange rate effects had a positive impact on net sales of 1.0 percent. The Group’s like-for-like sales increased by 1.6 percent. The share of e-commerce amounted to 19 percent (18). The gross margin was 36.1 percent (35.6). The improved gross margin was attributable to product mix effects and active purchasing efforts. GEOGRAPHIC NET SALES Net sales in Sweden increased by 2.8 percent and amounted to SEK 3,895 M (3,789) in the period. Net sales in Other Nordic increased by 3.7 percent and amounted to SEK 1,396 M (1,346) in the period. Cur - rency adjusted net sales in other Nordic increased by 0.1 percent. STORES At the end of the period, Byggmax Group had a total of 218 stores and showrooms. The Group had 210 stores, compared with 212 at the beginning of the period. The number of showrooms amounted to 8, compared with 7 at the beginning of the period. During the period, one store was reopened in Stenungsund, Sweden, and one new Skånska Bygg - varor showroom was opened in Gothenburg, Sweden. One store in Sweden and one in Finland were closed during the period. Three new Byggmax stores are planned in Sweden for 2027. EARNINGS EBIT amounted to SEK 432 M (359), with an EBIT margin of 8.3 percent (7.1). Personnel expenses and other expenses amounted to SEK 1,019 M (977), an increase of 4.3 percent com- pared with the corresponding period last year. Costs for new stores amounted to SEK 4 M (5) and closed stores reduced costs by SEK 4 M (4) during the period. As a result, comparable costs, i.e. costs excluding new and closed stores, increased by SEK 43 M during the period. NET FINANCIAL ITEMS AND TAX Net financial items amounted to SEK -33 M (-60). Net financial items for the period were impacted by exchange-rate effects of SEK 11 M (-4). The profit before tax amounted to SEK 400 M (299). Income tax for the period amounted to SEK -83 M (-58). NET PROFIT Net profit for the period amounted to SEK 317 M (241). Earnings per share were SEK 5.41 (4.11). OUR GEOGRAPHIC MARKETS July – September January –September 12 months Net sales, SEK M 2026 2025 Change 2026 2025 Change Oct 2025 – Sep 2026 Oct 2024 – Sep 2025 Change Sweden 1,561 1,460 6.9% 3,895 3,789 2.8% 4,664 4,545 2.6% Other Nordic 548 508 7.7% 1,396 1,346 3.7% 1,694 1,673 1.2%
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 06 CASH FLOW AND FINANCIAL POSITION NET DEBT (EXCL. IFRS 16)CASH FLOW FROM OPERATING ACTIVITIES GROUP CASH FLOW Cash flow from the operating activities amounted to SEK 248 M for the quarter, decrease SEK 53 M com - pared with the corresponding period last year. Cash flow for the quarter was positively impacted by improved earnings, which was offset by an increase in inventory. Cash flow from the operating activities amounted to SEK 792 M for the period, decrease SEK 44 M com - pared with the corresponding period last year. Cash flow for the period was negatively impacted by changes in working capital. INVENTORY At the end of the period, inventory amounted to SEK 1,251 M (1,130). Compared with the end of the corre- sponding period previous year, two stores were closed, and one reopened store was added. Inventory referred to new stores amounted to SEK 6 M and for closed stores to SEK -6 M. INVESTMENTS Investments in intangible and tangible fixed assets during the quarter amounted to SEK 20 M (18), of which SEK 9 M (7) pertained to IT-investments, SEK 2 M (1) to investments in new stores and SEK 7 M (10) was attrib- utable to recurring investments in stores. Investments in intangible and tangible fixed assets during the period amounted to SEK 76 M (58), of which SEK 37 M (21) pertained to IT-investments, SEK 6 M (6) to investments in new stores, and SEK 32 M (31) to recurring investments in stores. LIQUIDITY AND FINANCIAL POSITION Consolidated net debt was SEK 1,733 M (1,944). The net debt excluding the effects of IFRS 16 amounted to SEK 70 M (196). The equity/assets ratio amounted to 48.9 percent (43.3). Unutilised credit facilities totalled SEK 1,409 M (1,286). GOODWILL AND OTHER INTANGIBLE FIXED ASSETS The Group’s carrying amounts from intangible fixed assets amounted to SEK 2,200 M (2,192). The Group’s goodwill amounted to SEK 2,023 M (2,010), the change is related to exchange rate effects. Other intangible fixed assets amounted to SEK 177 M (182) and primarily pertained to software, customer relationships and brands. Amortisation of customer relationships and brands in relation to acquisitions amounts to SEK -4 M (-14) for the quarter. Amortisation of customer relation- ships and brands related to acquisitions amounts to SEK -12 M (-41) for the period. SHAREHOLDERS’ EQUITY Consolidated shareholders’ equity amounted to SEK 2,775 M (2,582), which corresponds to SEK 47.33 (44.04) per share outstanding. As of 30 September 2026, there are warrant programmes outstanding encompassing 2,226,000 shares. SEASONAL VARIATIONS Byggmax Group has large seasonal variations. The sec- ond and third quarter have historically reported the highest net sales and the highest operating profit. Cash flow from operating activities is strongly affected by lower profitability during the low season and impacted by an accumulation of inventory during the first quarter before Byggmax Group’s high season begins. Net revenue EBITA and Margin Cash flow from operating activities Net debt (excl. IFRS 16) 4 500 6 000 7 500 0 500 1 000 1 500 2 000 2 500 3 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net revenue, quarter Net revenue, R12 SEK M -6 -3 0 3 6 9 -200 -100 0 100 200 300 400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 EBITA, quarter EBITA-margin R12, % SEK M -200 0 200 400 600 800 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Cash flow from operating activities, quarter Cash flow from operating activities, R12 SEK M 0 250 500 750 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net debt excl. IFRS 16 SEK M Percent Net revenue EBITA and Margin Cash flow from operating activities Net debt (excl. IFRS 16) 4 500 6 000 7 500 0 500 1 000 1 500 2 000 2 500 3 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net revenue, quarter Net revenue, R12 SEK M -6 -3 0 3 6 9 -200 -100 0 100 200 300 400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 EBITA, quarter EBITA-margin R12, % SEK M -200 0 200 400 600 800 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Cash flow from operating activities, quarter Cash flow from operating activities, R12 SEK M 0 250 500 750 1 000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net debt excl. IFRS 16 SEK M Percent
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 07 OTHER ACCOUNTING POLICIES Byggmax Group applies the International Financial Reporting Standards (IFRS) and interpretations by the IFRS Interpretations Committee as adopted by the EU. This report has been prepared according to IAS 34 Interim Financial Reporting, the Swedish Financial Reporting Board’s Recommendation RFR 1 Supple - mentary Rules for Consolidated Financial Statements and the Swedish Annual Accounts Act. The Parent Company’s accounts have been pre - pared pursuant to the Annual Accounts Act and RFR 2 Accounting for Legal Entities. The same accounting policies have been applied as for the Group except in those cases stated in the Parent Company’s account- ing policies section in the 2025 Annual Report, Note 1.16. The accounting principles and calculation methods applied in this report are unchanged from those used in the preparation of the annual and sustainability report and consolidated financial statements for 2025. Refer to the Annual Report for the 2025 fiscal year, notes 1–3, for a more detailed description of the accounting policies applied for the Group and the Parent Company in this interim report. TRANSACTIONS WITH RELATED PARTIES No transactions occurred between Byggmax Group and related parties that could significantly impact the company’s position and results. The 2021, 2022, 2023, 2024 and 2025 Annual general meeting resolved to introduce warrant programmes for senior executives and other key staff at Byggmax Group. The warrants are priced at market value, which is based on a valuation made by an independent party. Each warrant entitles its holder to subscribe for one share in the company. The participants of the warrants programme have entered a pre-emption agreement. The 2021 warrant programme comprising 480,000 warrants expire on 14 December 2026, and can be exercised at a price of SEK 91.20 from 15 June 2026. The 2022 warrant programme comprising 500,000 warrants expire on 13 December 2027, and can be exercised at a price of SEK 82.00 from 14 June 2027. The 2023 warrant programme comprising 466,000 warrants expire on 11 December 2028, and can be exercised at a price of SEK 37.70 from 12 June 2028. The 2024 warrant programme comprising 400,000 warrants expire on 10 December 2029, and can be exercised at a price of SEK 48.00 from 11 June 2029. The 2025 warrant programme comprising 380,000 warrants expire on 15 December 2028, and can be exercised at a price of SEK 56.30 from 17 August 2028. THE SHARE The total number of shares and votes outstanding at the end of the period amounts to 58,625,045. The share capital amounts to SEK 20,333,015. PARENT COMPANY The Parent Company constitutes a holding company where the Group CEO is employed. The Parent Company’s revenue during the third quarter amounted to SEK 0 M (0). Net financial items amounted to SEK -105 M (-7) during the quarter. Net financial items include write- downs of shares in the Danish subsidiaries Næstved Lavpris Træ A/S and Byggmax Denmark ApS of a total of SEK -102 M. Profit before tax amounted to SEK -115 M (-16) during the quarter. EMPLOYEES The number of employees (converted into full-time equivalents) totalled 1,344 (1,342) at the end of the period. SIGNIFICANT RISKS AND FACTORS OF UNCERTAINTY Byggmax Group operates in the Swedish, Norwegian, Finnish, and Danish retail markets within building materials and DIY products. In the short-term, the market is heavily impacted by weather related effects and the economic situation, as these factors com - prise the prerequisites for consumers who wish to carry out home improvement projects. Byggmax Group’s significant risks and uncertainty factors are described in the 2025 Annual Report. Just as other companies, Byggmax is faced with challenges related to changes in the macroeconomic situations and geopolitical circumstances. These changed macroeconomic or geopolitical circum - stances, such as political instability may result in rapid changes in the business environment. SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD No significant events have occurred since the end of the reporting period. Stockholm 20 October, 2026 Byggmax Group AB (publ) Karl Sandlund President and CEO FINANCIAL CALENDAR 2026/2027 16 April 2027 Interim report quarter 1 14 July 2027 Interim report quarter 2 29 January 2027 Year-end report 4 May 2027 Annual General Meeting
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BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 08 INTRODUCTION We have conducted a limited review of the condensed interim financial information (interim report) for Byggmax Group (publ)., as of September 30, 2026, and the nine-month period ending on that date. The board of directors and the managing director are responsible for preparing and presenting this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclu- sion on this interim report based on our limited review. THE FOCUS AND SCOPE OF THE LIMITED REVIEW We have conducted our limited review in accordance with the International Standard on Review Engage - ments ISRE 2410, “Review of Interim Financial Informa- tion Performed by the Independent Auditor of the Entity.” A limited review consists of making inquiries, primarily of persons responsible for financial and accounting matters, performing analytical procedures, and other review procedures. A limited review has a dif- ferent focus and a significantly smaller scope compared to the focus and scope of an audit conducted in accor- dance with ISA and generally accepted auditing stan - dards. The review procedures taken in a limited review do not enable us to obtain the assurance that we would become aware of all significant matters that might have been identified in an audit. Therefore, the conclusion expressed based on a limited review does not have the assurance that a conclusion expressed based on an audit has. CONCLUSION Based on our limited review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in accor - dance with the Annual Accounts Act. AUDITOR’S REPORT Stockholm 20 October, 2026 Öhrlings PricewaterhouseCoopers AB Cesar Moré Authorised Public Accountant Byggmax Group AB (publ) reg.no. 556656-3531
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09BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 KEY PERFORMANCE INDICATORS BY QUARTER GROUP 2026 2025 2024 SEK M Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Income statement Net sales 2,088 2,263 880 1,057 1,949 2,199 929 1,073 1,965 of which Sweden 1,561 1,702 632 769 1,460 1,662 668 756 1,451 of which Other Nordics 548 591 258 298 508 567 271 327 534 EBITA 296 271 -123 -39 272 237 -109 -52 249 EBIT 292 267 -127 -53 258 223 -123 -66 235 Profit/loss for the period 225 200 -108 -50 191 161 -112 -64 169 Change in net sales, % 7.1 2.9 -5.3 -1.6 -0.8 5.6 7.2 7.6 0.3 Like-for-like sales, % 5.1 1.4 -5.3 -0.8 -0.2 7.3 7.6 7.5 1.3 Gross margin, % 37.2 35.1 36.1 37.7 37.4 34.2 35.0 35.2 35.9 EBITA-margin, % 14.2 12.0 -14.0 -3.7 14.0 10.8 -11.7 -4.8 12.7 EBIT-margin, % 14.0 11.8 -14.4 -5.0 13.3 10.1 -13.2 -6.2 12.0 Balance sheet Inventory 1,251 1,365 1,354 1,066 1,130 1,334 1,416 1,138 1,203 Net debt 1,733 1,902 2,196 2,009 1,944 2,167 2,582 2,466 2,318 Net debt excl. IFRS 16 70 186 510 354 196 372 764 618 488 Shareholders’ equity 2,775 2,528 2,422 2,516 2,582 2,392 2,270 2,402 2,458 Capital employed 4,507 4,430 4,618 4,525 4,526 4,559 4,852 4,868 4,776 Investment in intangible and tangible fixed assets 20 33 23 25 18 24 16 19 11 Inventory turnover rate 3.4 2.9 2.8 3.6 3.4 2.9 2.7 3.2 3.0 Net debt/EBITDA excl. IFRS 16 0.1 0.4 1.1 0.7 0.4 0.8 1.8 1.6 1.3 Return on equity , % 10.0 9.5 8.3 7.8 7.0 6.6 4.5 2.8 1.4 Return on capital employed , % 8.5 7.8 6.5 6.6 6.4 6.0 4.5 3.7 3.3 Equity/assets ratio , % 48.9 43.4 41.6 46.1 43.3 39.5 37.2 40.7 40.8 Cash flow Cash flow from operating activities 248 564 -20 -27 300 561 -25 -7 108 Other Average number of employees1 1,344 1,242 1,050 1,058 1,342 1,266 1,039 1,056 1,325 Number of stores 210 211 211 212 212 212 211 211 212 of which Sweden 141 141 141 142 142 142 141 141 141 of which Other Nordics 69 70 70 70 70 70 70 70 71 SHARE DATA 2026 2025 2024 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Average number of shares outstanding, thousand 58,625 58,625 58,625 58,625 58,625 58,625 58,625 58,625 58,625 Earnings per share for the period, SEK 3.84 3.42 -1.85 -0.85 3.26 2.75 -1.90 -1.09 2.88 Equity per share, SEK 47.33 43.13 41.31 42.91 44.04 40.80 38.72 40.97 41.93 Cash flow from operating activities per share, SEK 4.22 9.63 -0.33 -0.47 5.12 9.57 -0.42 -0.12 1.85 Share price at the end of the period, SEK 54.10 46.80 54.40 54.90 57.00 50.90 51.00 44.92 41.80 1) Average numbers of employees, converted into full-time equivalents. As of Q3 2025, a minor adjustment has been made to the calculation method for the average number of employees. Comparative figures have been restated with no material impact on the Group’s key figures.
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10BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 CONSOLIDATED INCOME STATEMENT GROUP July – September January – September 12 months Full year SEK M 2026 2025 2026 2025 Oct 2025 – Sep 2026 2025 Revenue Net sales 2,088 1,949 5,230 5,077 6,287 6,133 Other operating income 8 6 23 26 30 33 Total revenue 2,095 1,955 5,253 5,102 6,316 6,166 Operating expenses Cost of goods sold -1,311 -1,220 -3,342 -3,271 -4,000 -3,929 Other external costs1 -118 -103 -380 -360 -473 -453 Personnel costs -219 -208 -638 -617 -839 -818 Depreciation, amortisation and impairment of tangible and intangible fixed assets1 -155 -165 -460 -496 -624 -660 Share of income of equity accounted companies 0 0 0 0 0 0 Total operating expenses -1,803 -1,696 -4,821 -4,744 -5,937 -5,860 EBIT 292 258 432 359 380 306 Net financial items1 -9 -17 -33 -60 -52 -79 Profit/loss before taxes 283 242 400 299 328 227 Income tax -58 -50 -83 -58 -61 -36 Net profit/loss for the period 225 191 317 241 267 191 Attributable to: Parent Company shareholders 225 191 317 241 267 191 Earnings per share before dilution, SEK 3.84 3.26 5.41 4.11 4.55 3.25 Earnings per share after dilution, SEK 3.83 3.25 5.39 4.10 4.54 3.25 Average number of shares outstanding at end of period, thousand 58,625 58,625 58,625 58,625 58,625 58,625 1) During the quarter, other external costs decreased SEK 121 M (116), depreciation on tangible assets increased SEK 113 M (108) and financial expenses increased SEK 10 M (10) due to IFRS 16 Leases. During the period, other external costs decreased SEK 358 M (350), depreciation on tangible assets increased SEK 331 M (323) and financial expenses increased SEK 29 M (30) due to IFRS 16 Leases. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME GROUP July – September January – September 12 months Full year SEK M 2026 2025 2026 2025 Oct 2025 – Sep 2026 2025 Net profit/loss for the period 225 191 317 241 267 191 Items that may be reclassified to profit or loss Translation differences 21 -2 39 -19 23 -35 Other comprehensive income for the period 246 190 356 222 290 156
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11BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 GROUP CONSOLIDATED STATEMENT OF CHANGES IN EQUITY GROUP SEK M 30 September 2026 30 September 2025 31 December 2025 Assets Intangible fixed assets 2,200 2,192 2,171 Tangible fixed assets1 1,947 2,110 1,992 Financial fixed assets 41 36 35 Total fixed assets 4,188 4,338 4,197 Inventories 1,251 1,130 1,066 Current receivables 211 188 187 Cash and cash equivalents 21 304 11 Total current assets 1,483 1,622 1,265 Total assets 5,671 5,960 5,462 Shareholders’ equity and liabilities Shareholders’ equity 2,775 2,582 2,516 Lease liabilities 1,209 1,321 1,242 Deferred tax liabilities 97 117 97 Total non-current liabilities 1,306 1,438 1,339 Borrowing from credit institutions 91 500 366 Lease liabilities 453 427 413 Accounts payables 598 555 463 Other current liabilities 448 459 365 Total current liabilities 1,590 1,941 1,607 Total shareholders’ equity and liabilities 5,671 5,960 5,462 1) Tangible fixed assets include SEK 1,659 M (1,751) IFRS 16 Leases. SEK M 30 September 2026 30 September 2025 31 December 2025 Opening balance at the beginning of the period 2,516 2,402 2,402 Comprehensive income Translation differences 39 -19 -35 Profit/loss for the period 317 241 191 Total comprehensive income 356 222 156 Transactions with shareholders Dividend -97 -44 -44 Warrants and new share issue – 2 2 Total transactions with shareholders -97 -42 -42 Shareholders’ equity at the end of the period 2,775 2,582 2,516 CONSOLIDATED BALANCE SHEET
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12BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 July – September January – September 12 months Full year SEK M 2026 2025 2026 2025 Oct 2025 – Sep 2026 2025 Cash flow from operating activities EBIT 292 258 432 359 380 306 Non-cash items; Depreciation, amortisation and impairment of tangible and intangible fixed assets1 155 165 460 496 624 660 Other non-cash items 16 23 36 68 45 76 Financial items -9 -17 -33 -60 -52 -79 Tax paid -23 -14 -73 -48 -87 -62 Cash flow from operating activities before changes in working capital 431 415 823 815 909 902 Change in inventories 108 164 -186 -77 -143 -34 Change in other current receivables -2 11 -12 11 -12 11 Change in other current liabilities -290 -290 168 87 10 -70 Cash flow from operating activities 248 300 792 837 765 809 Cash flow from investing activities Investments in intangible fixed assets -8 -6 -35 -18 -43 -26 Investments in tangible fixed assets -12 -12 -41 -40 -58 -57 Investments in financial assets – 0 0 1 -1 0 Sale of tangible fixed assets 1 1 3 3 4 3 Cash flow from investing activities -20 -17 -73 -55 -97 -79 Cash flow from financing activities Change in overdraft facilities -116 0 -275 -129 -409 -263 Amortisation of lease liabilities -111 -107 -329 -320 -435 -425 Issue of warrants – – – 2 – 2 Dividend to shareholders – – -97 -44 -97 -44 Cash flow from financing activities -227 -107 -700 -491 -940 -731 Cash flow for the period 1 177 19 291 -273 0 Cash and cash equivalents at the beginning of the period 21 128 11 11 304 11 Cash flow from the period 1 177 19 291 -273 0 Exchange rate effect -1 -1 -9 2 -10 1 Cash and cash equivalents at the end of the period 21 304 21 304 21 11 1) During the quarter, “Other non-cash items” includes a positive effect of SEK 113 (108) M from depreciation of tangible fixed assets due to IFRS 16 Leases. During the period, “Other non-cash items” includes a positive effect of SEK 331 (323) M from depreciation of tangible fixed assets due to IFRS 16 Leases. CONSOLIDATED CASH FLOW STATEMENTS GROUP
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13BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 INCOME STATEMENT BALANCE SHEET PARENT COMPANY PARENT COMPANY July – September January – September 12 months Full year SEK M 2026 2025 2026 2025 Oct 2025 – Sep 2026 2025 Revenue 0 0 0 0 13 13 Other external costs -3 -3 -8 -9 -13 -14 Personnel costs -7 -6 -14 -13 -19 -18 Total operating expenses -10 -9 -22 -22 -32 -32 EBIT -10 -9 -22 -22 -19 -19 Net financial items -105 -7 -83 -21 174 236 Profit/loss before tax -115 -16 -104 -42 155 217 Income tax 3 3 7 9 -46 -43 Profit/loss for the period -112 -13 -98 -34 109 173 SEK M 30 September 2026 30 September 2025 31 December 2025 Assets Financial fixed assets 1,036 1,138 1,138 Current assets 38 30 264 Cash and cash equivalents 2 2 2 Total assets 1,077 1,170 1,405 Shareholders’ equity and liabilities Shareholders’ equity 472 459 666 Untaxed reserves 54 54 54 Current liabilities 551 657 685 Total shareholders’ equity and liabilities 1,077 1,170 1,405
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14BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 NOTES NOTE 1 REVENUE SPLIT In the geographical information, revenues are presented based on customer location. REVENUE SPLIT PER GEOGRAPHY July – September January – September Of which e-commerce Of which e-commerce SEK M 2026 2025 2026 2025 2026 2025 2026 2025 Net sales 2,088 1,949 17% 16% 5,230 5,077 19% 18% of which Sweden 1,561 1,460 17% 16% 3,895 3,789 19% 18% of which Other Nordics 548 508 20% 20% 1,396 1,346 22% 22% of which Group Functions -21 -20 – – -61 -59 – – EBIT 292 258 432 359 Amortisation of intangible fixed assets related to acquired surplus values 4 14 12 41 EBITA 296 272 444 400
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15BYGGMAX GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2026 AL TERNATIVE PERFORMANCE MEASURES AND DEFINITIONS Byggmax Group AB (publ) Box 30006, SE-104 25 Stockholm Visit address: Lindhagensgatan 112 Tel: +46 (0)771-890089 E-mail: info@ byggmax.se Corporate registration number: 556656-3531 Registered office: Stockholm Background information about Byggmax and press images are available at www. byggmax.se All amounts are stated in million Swedish kronor (SEK M) unless stated otherwise. Where the underlying amount is rounded to 0 it is noted as SEK 0 M. Rounding differences in tables of SEK +/-1 M may occur. Both Swedish and English versions of this report have been prepared. In the case of any discrepancy between the two, the Swedish takes precedence. This is information that Byggmax Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 20 October 2026 at 07:45 am. Capital employed Shareholders’ equity plus net debt. Cash flow from operating activities per share Cash flow from operating activities divided by the average number of shares outstanding. Earnings per share Earnings for the period divided by the average number of shares outstanding. EBITA Earnings before interest, taxes, and amortisation and impairment of intangible fixed assets related to acquired surplus values. EBITDA Earnings before interest, tax, depreciation, amortisation and impairment of tangible and intangible fixed assets excluding IFRS 16. EBITA-margin EBITA divided by net sales. EBIT-margin EBIT divided by net sales. Equity/assets ratio Shareholders’ equity divided by total assets. Equity per share Equity divided by the average numbers of shares outstanding. Gross margin Net sales reduced by the cost of goods sold divided by net sales. Inventory turnover rate Cost of goods sold rolling 12 months divided by average of opening and closing inventory. Like-for-like sales Like-for-like sales refers to net sales from stores that have been in operation for more than 12 months. Like- for-like sales is currency adjusted. All e-commerce is assessed as like-for-like. New stores Stores that have been in operation less than 12 months. Net debt Interest-bearing liabilities less cash and cash equivalents. Net debt excl. IFRS 16 Interest-bearing liabilities excluding IFRS 16 less cash and cash equivalents. Online sales Net sales generated by online orders placed via any of our e-commerce sites, as well as all net sales from Skånska Byggvaror. R12 Rolling twelve months. Return on capital employed EBIT plus financial income rolling 12 months divided by average of opening and closing capital employed. Return on equity Net profit/loss for the rolling 12-month period divided by the average of opening and closing shareholders’ equity. Byggmax Group uses certain financial measures that are not defined in accordance with IFRS. Byggmax Group believes that these key ratios are relevant to users of the financial report as a supplement for assessing Byggmax Group’s financial performance, describe the operations’ underlying profitability and to improve comparability between reporting periods. These financial measures are not always comparable with the measures used by other companies since not all companies calculate such financial measures in the same way. Accordingly, these financial measures are not to be regarded as a replace- ment for measures defined according to IFRS. The mea- sures not defined according to IFRS are presented below, unless otherwise stated. Calculations of alterna- tive performance measures are available at, om.bygg - max.se/en.