Interim report
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Interim Report Q2 2026
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About Dura Group Dura Group is a Swedish full-service provider focused on maintaining and improving the durability of properties. Our subsidiaries extend the lifespan of buildings and enhance indoor environments through smart maintenance, renovation, and energy-efficient solutions. Guided by our mission Making Buildings Last Longer, we help property owners optimise resource efficiency, reduce climate impact, and secure the long-term value that comes from well-maintained assets. Our vision is to become the leading provider of essential property services for homeowners in the Nordic region. Our group consists of ten subsidiaries, each with a strong market position and high customer satisfaction within its respective niche. The Quarter in Review Dura delivers growth in the second quarter, increasing revenue by 45 %. Our companies Interim Report Q2 2026 Solar Energy Group and BIAB Entreprenad, acquired during the first quarter , are now fully integrated and broaden the Group's service offering and geographic footprint. Acquisition of KTV Group finalised during the quarter, marking Dura's entrance to the Norwegian market. Continued strong demand for the Group's services, especially within roof maintenance. Q2 2026 Net sales amounted to 296.5 MSEK (204.8) for the second quarter. Operating profit (EBIT) amounted to 31.5 (36) MSEK. EBITDA amounted to 42.1 MSEK (40.5), corresponding to a margin of 14 % (20). One-time expense for professional fees affected EBIT by -9 MSEK Profit before tax amounted to 18.8 MSEK (28.3). January - June 2026 Net sales amounted to 432.9 MSEK (277.3) for the first half of 2026. Operating profit (EBIT) amounted to 2.3 (29) MSEK for the period. EBITDA amounted to 26.8 MSEK (36.5), corresponding to a margin of 6 % (13), affected by professional fees and exceptionally harsh weather conditions during the first quarter. Profit before tax amounted to -9.2 MSEK (11.4) APR -J UN 2026 APR -J UN 202 5 J AN -J UN 2026 J AN -J UN 202 5 296 . 5 204 . 8 432 . 9 277 . 3 31 . 5 36 . 0 2 . 3 29 . 0 11% 18% 1% 10% 23 . 7 - 13 . 8 7 . 0 42 . 1 40 . 5 26 . 8 36 . 5 14% 20% 6% 13% 328 . 3 215 . 8 328 . 3 215 . 8 2 Amounts in MSEK Net sales Operating profit (EBIT) EBIT-margin EBITDA EBITDA-margin Net debt Profit (loss) from continuing operations 14 . 0
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CEO´s comments Dura continued to grow during the quarter. Net revenue amounted to 296.5 MSEK (204.8) and EBIT to 31.5 MSEK (36.0). The Group's reported profitability in Q2 was negatively affected by one- time professional fees of 9 MSEK, primarily related to strategy consulting. On a pro forma, rolling twelve-month basis, net sales increased by 23% compared to the same period last year, to 972.2 MSEK (787.9), while adjusted EBITDA increased to 123.2 MSEK (95.7). Our net leverage ratio stood at 2.87x at the end of the quarter, giving us comfortable headroom to our covenants and continued flexibility to pursue our acquisition strategy. The second quarter was one of execution. Good weather provided ideal conditions for our roof maintenance offerings and improved production efficiency across our other services, and we saw solid demand across both our residential and commercial customer segments. We continued to strengthen delivery effectiveness across the Group, driving customer satisfaction and improving margins, and our group-wide sales initiatives are already showing positive effects. We are also seeing the benefits of our decentralized operating model combined with group-wide best-practice sharing – local entrepreneurship paired with the scale advantages of being part of a larger group. None of this would be possible without the dedication of our employees across the Group. Their commitment to quality, safety and customer service every day is what ultimately drives our results, and we want to extend our thanks to all of them for another strong quarter. During the quarter, we worked on integrating our latest acquisitions, Solar Energy Group and BIAB Entreprenad, both completed in Q1, with a focus on realizing synergies and onboarding them to group- wide platforms. Integration work is progressing according to plan, and we are already seeing early signs of the commercial and operational synergies we identified during due diligence. In late May, we welcomed KTV Group AS to Dura, marking our entry into the Norwegian market – a significant milestone for the Group and an important step in our expansion strategy. We look forward to supporting their continued growth as part of the Dura family. Looking at the broader market, demand for professional, sustainability-focused property maintenance services remains resilient, supported by an ageing housing stock and an increased focus on sustainability and energy efficiency. We believe Dura is well positioned to benefit from these long- term trends given our scale, our broad service offering and our track record as a consolidator in a still-fragmented market. For the second half of the year, our focus remains on strengthening operational excellence across the Group – in customer satisfaction, quality of work and sales. Our acquisition pipeline remains active, and we continue to evaluate promising candidates in Sweden and abroad within sustainable and critical property maintenance. We look forward to partnering with more driven entrepreneurs and continuing to expand our service offering and our geographic reach. Niclas Winberg CEO 3
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Management Report Significant Events During and After the Quarter On May 18th, the Group's subsidiaries LA Takvård, Decatak and Isolerab signed revolving credit facilities (RCF) of 10 MSEK each (total 30 MSEK) with Swedbank. The RCFs carry a spread of O/N STIBOR of 3 per cent and a fixed fee of 1 per cent per annum. The RCFs will strengthen the Group's financial flexibility and stimulate further sustainable growth. On May 22nd, Dura finalized the acquisition of KTV Group AS. Based in Bergen, Norway, it is the Group's first acquisition outside of Sweden. KTV is a market leader in roof and facade wash among other real estate maintenance services and it is a leader in the application of drone technology. Market Development The underlying market for the Group’s services is supported by structural drivers, including: An ageing housing stock combined with low levels of new construction Regulatory requirements and cost incentives promoting energy-efficient housing Government subsidies supporting investments in property maintenance and energy efficiency The Group annually performs services for approximately 15,000 single-family homes, representing a small share of the total addressable market of approximately 2.2 million single-family homes in Sweden. Dura focuses on critical property maintenance services. Roofing and indoor climate solutions are prioritised expenditures for homeowners, and demand for these services has historically proven resilient during periods of macroeconomic uncertainty. Organisation The organisation during the second quarter is focused on execution as the weather conditions are more stable for roofing activities. Dura's organisation is continually optimized to stimulate further growth, seamless execution and high customer satisfaction. Expected Future Development Demand remains stable and supported by long-term structural factors. The Group intends to continue expanding its market share through selective acquisitions of market-leading companies in Sweden and abroad, alongside continued organic growth driven by investments in sales and operational infrastructure. Strong order backlog at the end of the quarter indicates continued strong demand as the second half of the roofing season begins. 4
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Management Report Significant Risks and Uncertainties Risk management is an integral part of the Group’s operations. The objective is not to eliminate risk, but to ensure that risks are identified, evaluated and managed in a structured and disciplined manner. The Board of Directors has overall responsibility for risk oversight at Group level, while executive management regularly evaluates the Group’s risk profile and implements mitigating actions where appropriate. The principal risks and uncertainties are described in the Group’s prospectus published in December 2025. Based on the period covered by this interim report, the Board of Directors and management assess that these risks remain relevant and that no new material risks have arisen. Seasonality Roof painting and other roof maintenance are weather-sensitive activities and create a seasonality in the Group's revenue and profitability. Roof renovation and drainage are also more challenging in colder weather which decreases production efficiency. The most active quarters during the year are the second and the third as they coincide with roofing season. Very harsh winter conditions in Sweden during the first quarter has had a negative impact on the Group's financial results when comparing 2026 to the prior year. Shareholders and Share Capital As of June 30th, 2026, the parent company has 500,000 shares issued, each with a quota value of SEK 1. All shares carry equal rights to dividends and the company’s assets. Dura Holdco AB (reg. no. 559485-8945) holds 100 percent of the shares in the parent company. Personnel The average number of employees during the quarter was 396 (241). Sustainability Sustainability is integrated into Dura’s business model, with services that extend the lifespan of buildings and improve energy efficiency, thereby reducing climate impact. We continue to focus on reducing carbon intensity and strengthening governance and supply chain standards. The Group's 2025 Sustainability Report can be found at www.duragroup.se/en/sustainability. Audit Review This interim report has not been reviewed by the Group’s auditors. Financial calendar All reports and press releases for the Group are published on : www.duragroup.se/investerare 2026 2027 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 31 August Interim Report Q2 30 November Interim Report Q3 26 February Interim Report Q4 30 April Consolidated Annual Report 2026 31 August Interim Report Q2 31 May Interim Report Q1 5
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Financial Overview for the Quarter Net Revenue The Group’s net sales for the quarter amounted to 296.5 MSEK (204.8). The increase in revenue is mainly related to the acquisitions completed during the first half of the year. Other operating income amounted to 0.5 MSEK (0.5). Operating Expenses Operating expenses for the second quarter amounted to -265.2 MSEK (-169.1). The increase reflects the increased scope of the Group's operations compared to the prior year, with several new subsidiaries and an expanded geographic presence which have led to increased costs for personnel and premises. One-time expenses for professional fees amounting to 9 MSEK are included in administrative expenses for the quarter. Depreciation and amortisation is included in operating expenses and amounts to -10.6 MSEK (-4.5). The increase is related to depreciation of fixed assets and right-of-use assets reflecting the expansion of the Group compared to the prior year. Operating Profit (EBIT) Operating profit (EBIT) amounted to 31.5 MSEK (36.0) with an EBIT-margin of 10.6 % (17.6). EBIT was negatively affected by one-time expenses for professional fees of 9 MSEK during the quarter. The Group's EBITDA amounted to 42.1 MSEK (40.5) for the second quarter. EBITDA was affected by professional fees of 9 MSEK incurred during the quarter. Net Financial Items Net financial items amounted to -12.6 MSEK (-7.8) for the period of which the majority is attributable to bond interest of -10.9 MSEK (-9.6) due to the increase of the outstanding bond loan following the Group's tap issue during the first quarter. Income Taxes Income tax expense for the period amounted to -4.8 MSEK (-4.5) driven by an increase in taxable income. The Group's tax is affected by interest rate deduction limitations and other non-deductible expenses and therefore deviates from the statutory tax rate. Profit (loss) for the Quarter Profit (loss) attributable to owners of the parent for the quarter was 14.0 MSEK (23.7). Cash Flow Cash flow from operating activities amounted to -1.8 MSEK (9.2), with changes in working capital contributing -20.6 MSEK (-24.3). The main driver of the decrease was an increase in paid income tax driven by temporary effects. Increase in working capital led to a cash outflow of -20.6 MSEK (-24.3) during the quarter attributable to seasonal effects where Q2 and Q3 are the Group's most active quarters. Cash flow from investment activities amounted to -36.3 MSEK (-29.9). The Group's cash flow from investing activities for the quarter pertains primarily to the acquisition of KTV Group, finalized in May. Cash flow from financing activities amounted to -7.3 MSEK (-3.2) related to repayments of lease liabilities. 6
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Financial Overview for the Year Net Revenue Net revenue for the first half of 2026 amounted to 432.9 MSEK (277.3) driven by three acquisitions completed since the close of the financial year of 2025 and organic growth in the Group's roof maintenance offering. Other operating income amounted to 0.6 MSEK (0.6). Operating Expenses Operating expenses for the six months ended 30 June 2026 amounted to -430.9 MSEK (-248.8). The increase in operating expenses is mainly due to the acquisitions completed during the year as well as the incremental expansion of the Group during 2026 and the latter half of 2025. Operating expenses in the second quarter were affected by a one-time expense of 9 MSEK for professional services related to strategy and other consulting. Depreciation and amortisation is included in operating expenses and amounts to -24.5 MSEK (-7.5). The increase is mainly related to a one-time effect of -10 MSEK connected to the purchase price allocation (PPA) for Solar Energy Group which was acquired in January 2026. Depreciation has also increased for right-of-use assets and other intangible assets compared to the same period 2025. Operating Profit (EBIT) Operating profit (EBIT) amounted to 2.3 MSEK (29.0) with an EBIT-margin of 0.5 % (10.4). The decrease in operating profit is driven in large part by the one- time depreciation and professional fees outlined in Operating Expenses (-19 MSEK) as well as the harsh weather conditions in the beginning of the year which decreased production efficiency during the first quarter. The Group has also incurred costs in expanding its central organisation as well as key positions in subsidiaries. The Group's EBITDA amounted to 26.8 MSEK (36.5) for the first half of 2026 with the above-mentioned professional fees as the primary driver for the decrease. Net Financial Items Net financial items amounted to -11.5 MSEK (-17.6) for the first six months of 2026. The main driver of the increase in net financial items is a revaluation of contingent consideration which had a positive effect of 10.9 MSEK. Adjusted for the revaluation, the Group had net financial items of -22.4 MSEK mainly attributable to bond interest and interest on leasing liabilities. Income Taxes Income tax expense for the period amounted to -4.6 MSEK (-4.4) driven by an increase in taxable income. The Group's tax is affected by interest rate deduction limitations and other non-deductible expenses and therefore deviates from the statutory tax rate. Profit (loss) for the Period Profit (loss) attributable to owners of the parent was -13.8 MSEK (7.0). Cash Flow Cash flow from operating activities amounted to -58.6 MSEK (-25.2) with changes in working capital contributing with -44.4 MSEK (-36 MSEK). The decrease in cash flow from changes in working capital is partly caused by customer pre-payments before year-end related to lower renovation deductions in 2026. For work that was to be completed before the end of January 2026, the higher deduction was allowed if the customer paid before the final day of 2025, leading to a higher operating cash flow in Q4 and the reverse effect in 2026. Operating cash flow is further affected by temporary income tax effects and long processing times for "green" tax deductions (batteries and solar). Cash flow from investment activities amounted to -76.4 MSEK (-143.0). The Group's cash flow from investment activities pertains primarily to acquisitions of subsidiaries in 2026. Cash flow from financing activities amounted to 49.9 MSEK (-67.7 MSEK). The positive cash flow for the period is a result of the Group's tap issue in March and sale of bonds held on the balance sheet which in total resulted in a cash inflow of 59.6 MSEK counteracted mainly by repayment of lease liabilities. 7
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Financial Position and Capital Structure About Dura's Senior Secured Bond Dura Sverige AB (publ) has issued a senior secured bond of 350 MSEK outstanding under a total framework of 500 MSEK (the "Bond"). The net proceeds were used to refinance existing indebtedness and to support the continued expansion of the Group through strategic acquisitions. The Bond, issued on 30 December 2024 has a maturity date of 30 June 2028 and carries a spread of 850 basis points on STIBOR3M. The Bond was admitted to trading on the Frankfurt Open Market on 10 January 2025 and subsequently on Nasdaq Stockholm First North Bond Market on 19 December 2025. No outstanding bonds are held by Dura Sverige AB (publ) as of the balance sheet date. Based on the current capital structure and bond terms, the Group is currently contemplating refinancing the Bond. Net Interest Bearing Debt Total interest-bearing debt as of June 30th, 2026 amounted to 338.1 MSEK (288), comprising bond debt of 333.3 MSEK (283.7) and other financing arrangements of 4.9 MSEK (4.3). Cash and cash equivalents amounted to 9.8 MSEK (72.2) as of June 30th, 2026. The decrease in cash balances is primarily related to acquisitions finalized during H1. Net interest-bearing debt amounted to 328.3 (215.8) MSEK. Covenants The bond includes an incurrence covenant of 3.25x and a maintenance covenant of 4.7x net interest bearing debt to adjusted EBITDA. For covenant purposes, net interest bearing debt and Adjusted EBITDA are calculated in accordance with the accounting principles in force at the first issue date of the bond, when the Group prepared its financial statements in accordance with BFNAR 2012:1 (K3). The difference in accounting principles compared to those applied in the remainder of this report relate primarily to accounting for leases and transaction costs. Adjusted EBITDA is calculated on a rolling twelve-month pro forma basis and includes adjustments for transaction costs and other items affecting comparability. Adjustments for items affecting comparability are capped at 10 % of EBITDA. Pro forma Revenue and Adjusted EBITDA P ro forma revenue and ad j usted EBITDA for the twelve months ended June 30th, 2026 amounted to 972.2 MSEK (787.9) and 123.2 MSEK (95.7) respectively and 114.2 MSEK (84.7) including the 10 % cap on ad j ustments. Pro forma figures are calculated as if all current group companies were owned during the entire comparative period and in accordance with the accounting principles describe d in the section "Covenants" . Note that in the image below showing earlier covenant reporting, only companies owned on each respective reporting date are included pro forma for that quarter. At 2.87x for the period ended June 30th, 2026, the Group has headroom to both covenant levels. The Group has been compliant with the maintenance covenant since the bond issuance. Maintenance covenant: 4.7x 328.3 282.3 208.8 182.7 2.64x 2.87x 2.05x Q3 Q4 Q1 Q2 Net debt (MSEK) Covenant L everage Ratio 2.25x 8
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Condensed Consolidated Statement of Comprehensive Income Amounts in KSEK Note Revenue 4 Cost of sales Gross profit Selling expenses Administrative expenses Other operating income Other operating expenses Operating profit Finance income Revaluation of contingent consideration Finance costs Net financial items Profit before ta x I ncome tax expense E xchange di ff erences on translation of foreign operations Other comprehensive income for the q uarter , net of ta x T otal comprehensive income for the q uarter P rofit ( loss ) attri b uta b le to o w ners of the parent 296 513 -174 726 121 787 -45 138 -45 359 479 -310 31 459 23 - -12 663 18 820 -747 -747 0 . 03 204 802 -122 558 82 244 -24 460 -22 040 451 -154 36 041 2 619 - -10 402 28 258 23 727 23 23 0 . 05 432 948 -259 525 173 423 -87 818 -83 583 638 -384 2 276 1 507 10 922 -23 897 -11 467 -9 191 -13 836 -746 -746 -14 582 -0 . 03 277 348 -167 444 109 904 -43 080 -38 287 618 -183 28 972 2 956 - -20 538 -17 582 11 390 6 971 37 37 7 008 0 . 01 Earnin g s per share , profit (loss) (KSEK) Profit (loss) attributable to owners of the parent 13 994 Other comprehensive income (OCI) Items that may be reclassified subsequently to profit or loss 2026-04-01 - 2026-06-30 2025-04-01 - 2025-06-30 -4 826 -4 531 -12 640 -7 783 13 247 23 750 2026-01-01 - 2026-06-30 2025-01-01 - 2025-06-30 -4 645 -4 419 9
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Condensed Consolidated Statement of Financial Position Amounts in KSEK ASSETS Fixed Assets Intangible assets Goodwill Trademarks Customer relationships Technology & software Total intangible assets Property, plant and equipment Machinery and equipment Fixtures, fittings and equipment Leasehold improvements Right-of-use assets Total pr o p e r t y, p lant and e q ui p ment O ther non-current receiva b les Total f inan c ial assets Total non- c u rr ent assets C u rr ent Assets In v entories Finished goods and goods for resale Total in v ento r ies C urrent re c ei v ables Trade receiva b les Current tax assets O ther receiva b les P repayments and accrued income Total c u rr ent r e c ei v ables C as h and c as h e q ui v alents Total c u rr ent assets T O TA L ASSETS Note 2026-06-30 2025-06-30 6 6 6 10 770 7 227 10 770 7 227 124 534 71 558 5 307 8 094 3 297 7 861 50 356 18 806 183 494 106 319 9 795 72 243 204 059 185 789 898 693 648 940 546 477 341 234 78 265 68 138 10 041 6 401 5 396 2 616 640 179 418 389 14 421 8 953 3 974 2 991 203 - 34 782 32 781 53 380 44 725 1 075 37 1 075 37 694 634 463 151 10
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Condensed Consolidated Statement of Financial Position Amounts in KSEK EQUITY AND LIABILITIES Equity Share capital Other contributed capital Foreign currency translation reserve Retained earnings including profit/loss for the period Total equity attributable to owners of the parent Non-current liabilities Bonds payable Borrowings Other non-current liabilities Non-current lease liabilities Deferred tax liability Total non-current liabilities C urrent liabilities T rade payables Other current liabilities C urrent lease liabilities A ccrued expenses and deferred inco m e Total current liabilities T O TAL EQUITY AND LIABILITIES 500 500 433 396 373 721 -748 -2 -161 609 -162 641 271 539 211 578 333 253 283 744 4 884 4 271 2 59 989 18 292 - 18 595 24 991 18 788 441 409 325 398 73 011 46 432 64 582 35 424 16 839 12 795 31 313 17 313 185 745 111 964 898 693 648 940 Note 2026-06-30 2025-06-30 11
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Group Statement of Change in Equity Amounts in KSEK 2025-01-01 Profit (loss) for the year Other comprehensive income Total comprehensive income Transactions with owners Dividends Capital contribution Effect of common-control transaction Total transactions with owners 2025-12-31 2026-01-01 Profit (loss) for the year Other comprehensive income Total comprehensive income Transactions with owners Capital contribution Dividends Total transactions with owners 2026-06-30 Share capital Other contributed capital Foreign currency translation reserve Retained earnings (including profit or loss for the year) T otal 500 275 078 103 -88 706 186 975 − − − 23 424 23 424 − − -104 − -104 − − -104 23 424 23 320 − − − -91 149 -91 149 − 120 645 − − 120 645 − − − 8 659 8 659 − 120 645 − -82 490 38 154 500 395 723 -1 -147 773 248 449 500 395 723 -1 -147 773 248 449 − − − -13 836 -13 836 − − - 7 4 7 − - 7 4 7 − − -747 -13 836 -14 583 − 3 7 6 7 3 − − 3 7 6 7 3 − − − − − − 37 673 − − 37 673 500 433 396 -748 -161 609 271 539 12
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Condensed Consolidated Statement of Cash Flows Amounts in KSEK 2026-04-01 - 2026-06-30 2025-04-01 - 2025-06-30 2026-01-01 - 2026-06-30 2025-01-01 - 2025-06-30 Cash flows from operating activities Operating profit 31 459 36 041 2 276 28 972 Adjustments for non-cash items 10 583 4 840 24 488 7 884 Interest received 27 479 1 508 838 Interest paid -11 396 -8 274 -21 352 -17 787 Income taxes paid -11 849 337 -21 168 -9 113 Cash flow from changes in working capital Change in inventories -1 940 -3 598 -2 673 -3 981 Change in operating receivables -58 610 -52 856 -54 342 -66 797 Change in operating liabilities 39 901 32 191 12 625 34 788 -35 990 Cash flows from operating activities -1 825 9 160 -58 638 -25 196 Cash flows from investing activities -184 -330 -351 -990 Investments in propert y, plant and e q uipment -737 -1 705 -3 180 -3 414 P roceeds from sale of propert y, plant and e q uipment 103 602 43 602 Ac q uisition of subsidiaries , net of cash ac q uired -35 260 -28 541 -72 931 -128 373 D isposal of subsidiaries - - - -10 932 Ac q uisition / disposal of other financial assets -185 31 36 91 -143 016 Cash flows from financing activities P roceeds from borro w ings - 650 60 384 2 317 R epa y ment of borro w ings -2 784 -576 -3 509 -105 424 R epa y ment of lease liabilities -4 489 -3 300 -6 965 -4 847 Capital contributions received - - - 40 200 -6 7 7 54 Cash flows from continuing operations -45 361 -24 009 -85 111 -235 966 N et change in cash an d cash e q uivalents -45 361 -24 009 -85 111 -235 966 Cash and cash e q uivalents at beginning of the period 55 156 96 252 94 906 308 209 Cash an d cash e q uivalents at en d of the perio d 9 7 95 7 2 243 9 7 95 7 2 243 Cash flow from operating activities before changes in working capital 18 824 33 423 -14 248 10 7 94 Total changes in working capital -20 649 -24 263 -44 390 Investments in intangible assets Cash flows from investing activities -36 263 -29 943 - 7 6 383 Cash flows from financing activities - 7 2 7 3 -3 226 49 910 13
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Parent Company Income Statement 2026-04-01 - 2026-06-30Amounts in KSEK Operating income Net sales 4 715 Other operating income - Operating expenses -14 260 Personnel expenses -2 647 Depreciation, amortisation and impairment losses -80 Operating profit/loss -12 272 Financial income and expenses Other interest income and similar items Other interest expense and similar items 2025-04-01 - 2025-06-30 11 790 - -2 268 -1 400 -44 8 079 2026-01-01 - 2026-06-30 12 187 1 -17 757 -5 057 -155 -10 780 2025-01-01 - 2025-06-30 2 3 580 - - 3 775 -2 8 3 7 -84 -6 696 16 884 Total operating income 4 715 11 790 12 189 23 580 Other external expenses Total operating expenses -16 987 -3 711 -22 969 12 -11 177 -9 602 2 546 1 45 3 -21 3 09 -19 204 2 789 Total financial income and expenses -11 164 -7 056 -19 856 Profit/loss after financial items -23 437 1 023 -30 636 Profit/loss b efore tax -23 437 1 023 -30 636 Profit/loss for t h e period -23 437 1 023 -30 636 -16 415 469 469 469 14
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Parent Company Balance Sheet Intangible assets Technology & software Total intangible assets Tangible assets Leasehold improvements Fixtures, fittings and equipment Total tangible assets Financial assets Shares in subsidiaries Total financial assets Total non-current assets Current assets Trade receivables Receivables from group companies O ther current receivables P repaid expenses and accrued income Total current recei v ables Cas h an d cas h e q ui v alents Total current assets Total assets Eq uit y an d L iabilities Share capital D evelopment expenditure fund O ther contributed capital Retained earnings including net profit / loss for the period Total e q uit y U ntaxed reserves B ond loan O ther non-current liabilities Total non-current liabilities A ccounts payable C urrent tax liabilities Liabilities to group companies O ther current liabilities A ccrued expenses and deferred income Total current liabilities Total liabilities Total e q uit y an d liabilities Note 2026-06-30 2025-06-30 878 906 878 906 225 203 - - 429 - 6 796 529 540 337 796 529 540 337 797 836 541 243 1 500 300 1 3 674 20 400 4 1 33 - 2 694 1 0 1 22 002 20 801 2 971 21 312 24 973 42 113 822 808 583 356 500 500 878 - 433 396 388 878 - 11 4 245 -94 766 320 529 294 612 1 0 800 – 333 253 283 493 59 954 - 393 207 283 493 1 3 486 330 6 7 1 6 − 52 2 1 9 − 24 985 4 408 866 5 1 3 98 272 5 251 491 479 288 744 822 808 583 356 15 2
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Note 1 - General Information and Accounting Policies This interim report comprises the parent company Dura Sverige AB (publ) (“Dura” or the “Company”), corporate registration number 559352-0207 , and its subsidiaries. Dura Sverige AB is a parent company incorporated in Sweden with its registered office in Stockholm at Frihamnsgatan 68. The parent company and its subsidiaries operate in the sale of services and products within sustainable property maintenance, including roof maintenance, roof installation, insulation and ventilation. Unless otherwise stated, all amounts are presented in thousands of Swedish kronor (KSEK). Figures in parentheses refer to the comparative period. The Group prepares its financial statements in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU. This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and RFR 1 Supplementary Accounting Rules for Groups. The accounting policies applied are consistent with those described in the Group’s published annual report for the financial year ended 31 December 2025. Note 2 - Financial Instruments The carrying amount of the Group’s non-current financial instruments measured at amortized cost corresponds to their fair value, as the interest rates are in line with current market rates. As of June 30th, 2026, contingent consideration related to acquisitions amounted to 40.6 MSEK was recognised in the balance sheet and measured at fair value through profit or loss. During the first quarter of 2026, the contingent consideration present per year-end 2025 was remeasured and the liability was derecognised in full, resulting in a gain of 10.9 MSEK recognised in the income statement. Note 3 - Estimates and Judgements The Group makes estimates and assumptions concerning the future. By definition, the resulting accounting estimates will seldom equal the related actual results. The estimates and assumptions that involve a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are outlined below. Business Combinations In connection with business combinations, the Group applies valuation techniques to determine the fair value of identifiable intangible assets, primarily trademarks, customer relationships and internally developed software. The valuations are based on discounted cash flow models using management-approved forecasts. Key assumptions include revenue growth, operating margins, customer attrition, royalty rates (for trademarks valued using the relief-from-royalty method) and discount rates. Royalty rates are determined with reference to comparable market data and industry benchmarks. The measurements are sensitive to changes in these assumptions. Measurement of Contingent Consideration The Group may enter into contingent consideration arrangements based on the future performance of acquired entities. Contingent consideration is recognised at fair value at the acquisition date and subsequently remeasured at fair value at each reporting date. The valuation is based on expected future revenue and EBITDA development, discount rates and the expected timing of payments. Changes in assumptions are recognised in profit or loss. Impairment of Goodwill Goodwill is tested for impairment at least annually, or when indicators of impairment exist. Testing is performed at the level of cash-generating units (CGUs). The recoverable amount is determined as value in use using discounted cash flow models based on five-year forecasts. Key assumptions include revenue growth, operating margins, capital expenditure, working capital requirements and long-term growth rates. The discount rate reflects the Group’s weighted average cost of capital, adjusted for CGU-specific risks. The impairment assessment is sensitive to changes in discount rates, long-term growth rates and operating margins. No impairment losses have been recognised during the period. 16
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Note 4 - Segment Reporting The Group’s operations are managed and reported based on the following two operating segments: Roofing – roof maintenance, roof painting, and roof replacement Indoor Climate – insulation, ventilation, and drainage Central/Other consists of the Group’s parent company, eliminations of intra-group transactions, and income from non-external customers. Sales between segments are conducted on arm’s length terms and are eliminated on consolidation. More than 99 % of the Group's sales are in Sweden during the first half of the year with that share expected to decrease during H2 as KTV Group is fully consolidated. 2026-01-01 - 2026-06-30 Roofing Indoor Climate Central/other Total Revenue 219 398 214 385 -198 433 586 Expenses -185 042 -210 368 -35 899 -431 310 Operating profit 34 356 4 017 -36 0 9 7 2 276 N et finance income/ ( costs ) -44 -91 -11 332 -11 46 7 I ncome tax expense -202 -116 -4 32 7 -4 645 P ro f it ( lo ss) f or t h e p eriod 34 110 3 8 10 -51 756 -13 8 36 2025-01-01 - 2025-06-30 Roofing Indoor Climate Central/other Total Revenue 190 248 8 7 7 18 - 2 77 966 Expenses -162 905 - 7 3 7 8 7 -12 302 -248 994 Operating profit 27 343 13 9 31 -12 302 2 8 9 72 N et finance income/ ( costs ) -38 -292 -1 7 252 -1 7 582 I ncome tax expense - - -4 419 -4 419 P ro f it ( lo ss) f or t h e p eriod 27 305 13 63 9 -33 9 73 6 9 71 R e v en u e f rom c ontra c t w it h cus tomer s 2026-01-01 - 2026-06-30 2025-01-01 - 2025-06-30 Sales of goods 128 7 28 22 7 51 Sales of services 304 220 254 59 7 T otal re v en u e f rom e x ternal cus tomer 432 9 4 8 277 34 8 Other income 638 618 T otal re v en u e 433 5 8 6 277 9 66 Note 5 - Transactions with Related Parties There have been no significant changes in the composition of the Group's related parties compared to those described in the Group's annual report for 2025. The Group uses internal loans in the ordinary course of business and has no other significant related party transactions. 17
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Note 6 - Acquisitions during the Quarter KTV Group AS On M ay 22nd, 2026, the Parent Company acquired 100 % of the share capital of K T V Group A S, a leading provider of cleaning, surface treatment and maintenance services across the o ff shore, industrial and property sectors . W ith more than three decades of experience, the Group combines specialised expertise with innovative technologies and I SO-certified processes to deliver safe, e ff icient and high-quality services . The table below summarises the purchase consideration paid for K T V Group A S as well as the fair value of the acquired assets and assumed liabilities as recognised on the acquisition date . Purchase price Cash and cash equivalents 43 501 Shareholder contribution 15 214 Fair value of contingent consideration 977 Total purchase consideration paid 59 692 Fair value of identifiable acquired assets and assumed liabilities Cash and cash equivalents 8 241 Property, plant and equipment (PPE) 6 234 Capitalized development expenses 23 Other current assets 19 391 Trademark 2 259 Customer relationships 3 225 Deferred tax liabilities -1 327 Trade and other payables -12 356 Total identifiable net assets 25 690 Goodwill 34 002 Acquired net assets 59 692 Goodwill Goodwill is attributable to future growth prospects and expected synergies. No part of the recognised goodwill is expected to be tax deductible. Revenue and profit or loss of the acquired business K T V Group A S has been consolidated as of 1 J une 2026 and has contributed revenue of 3 . 1 M SE K and profit of 0 M SE K for the period 1 J une 2026 – 30 J une 2026 . A cquisition-related costs of 1 . 5 M SE K are included in administrative expenses in the Group ’ s statement of comprehensive income and in operating activities in the statement of cash flows . Contingent consideration The share purchase agreement includes contingent consideration linked to the Company ’ s future E BI T A. The total contingent consideration may amount to a maximum of 19 . 7 MN O K over a two-year period . The fair value of the contingent consideration at the reporting date amounts to 1 M SE K. Purchase consideration – cash outflow 2026 Cash flows from acquisitions of subsidiaries, net of cash acquired Cash purchase consideration 43 501 Deducting : cash acquired -8 241 N et cash outflow from investin g activities 3 5 260 18
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Alternative Performance Measures This report includes alternative performance measures (“APMs”) that are not defined under International Financial Reporting Standards (IFRS). These measures are presented to provide additional insight into the Group’s financial performance and financial position and are used by management for monitoring and analysis of the business. The APMs should not be regarded as substitutes for IFRS measures but as complementary information. Definitions of the APMs and reconciliations to the most directly comparable IFRS measures are presented below. EBITDA EBITDA is defined as operating profit (EBIT) before depreciation and amortisation. EBITDA margin is defined as EBITDA as a percentage of net sales. These measures are used to illustrate the Group’s underlying operating performance and profitability before the impact of capital structure, tax and non-cash depreciation and amortisation expenses. A reconciliation of EBITDA to operating profit (EBIT), which is the most directly comparable IFRS measure, is presented below. Net Interest-bearing Debt Net interest-bearing debt is defined as interest-bearing liabilities, including bonds and other borrowings, excluding lease liabilities, less cash and cash equivalents. The measure is used to illustrate the Group’s net indebtedness and financial position. A reconciliation of net interest-bearing debt to the most directly comparable IFRS measures is presented below. Pro forma Revenue and Adjusted EBITDA Pro forma Adjusted EBITDA is defined in accordance with the definitions set out in the Group’s bond terms and conditions. The measure represents Adjusted EBITDA calculated on a rolling twelve-month (R12) basis and on a pro forma basis, reflecting the earnings of acquired companies as if they had been owned for the entire twelve-month period. The APMs are used to calculate the covenant ratio for the Group's senior secured bond and therefore, the accounting principles applicable on the issue date (K3) are applied in accordance with the bond terms. More information is provided in the section "Financial Position and Capital Structure" . Adjustments are made for transaction-related costs and other items affecting comparability. Pro forma revenue is calculated on the same basis. Further information and reconciliations are presented below. 19
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EBITD A Alternative Performance Measures EBITD A JAN-JUN 2026 JAN-JUN 2025 APR-JUN 2026 APR-JUN 2025 EBIT 2.3 29.0 31.5 36.0 Depreciation & amortization 24.5 7.5 10.6 4.5 EBITDA 26.8 36.5 42.1 40.5 Net sales 432.9 277.3 296.5 204.8 EBITDA-margin 6% 13% 14% 20% Ne t I n t ere st -ear i n D e t Q2-2026 Q2-2025 Bond payable 333.3 283.7 Borrowings 4.9 4.3 Interest-bearing debt 338.1 288.0 Cash and cash equivalents 9.8 72.2 Net interest-bearing debt 328.3 215.8 Pro forma Revenue an d A dj u st e d EBITD A R12 JUN 2026 R12 JUN 2025 Revenue 432.9 277.3 Revenue H2 prior year 370.1 151.2 Effect of pro forma 169.2 359.4 Pro forma revenue (R12) 97 2.2 7 8 7 . 9 EBITD A H 1 c urren t y ear 26.8 36.5 Effect of accounting for leases - 12.3 - 7.1 Effect of transaction costs 3.6 6.9 EBITD A H2 prior year 48.8 5.6 Effect of pro forma 36.9 35.1 A d j ustments for items affecting comparability 19.4 18.7 A dj u st e d EBITD A (R12) 123.2 9 5. 7 Cap 10 % ad j ustments - 9.0 - 11.0 A dj u st e d EBITD A i n c l . C a p (R12) 114.2 84. 7 A d j usted EBITD A margin 12.7 % 12.1 % A d j usted EBITD A margin incl. Cap 11.7 % 10.8 % The Board of Directors and the Chief E x ecutive O fficer certify that this interim report provides a true and fair overview of the G roup ’ s operations , financial position and results . Stockholm, August 31st, 2026 Viktor Bolmgren Chairman of the Boar d Niclas Winberg Board M ember / Chief E x ecutive O ffice r Alexander Singer Board M ember 20
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Interim Report Q2 2026