Interim report
Page 1
• Net sales increased to SEK 33,919m (32,318) with organic sales growth of 3.5% (4.6). All regions contributed to the growth, driven mainly by increased sales volumes in Europe, Middle East & Africa, Asia Pacific (EMEA APAC), and Latin America, as well as positive price development in North America. • Operating income excluding non-recurring items (NRIs) was SEK 912m (890), corresponding to a margin of 2.7% (2.8). Cost efficiency contributed SEK 1.4bn to operating income, offsetting the significant negative impact from external factors, primarily from increased raw material and logistics cost as a consequence of the Middle East conflict, and U.S. tariff costs. • Operating income of SEK 607m (890), corresponding to an operating margin of 1.8% (2.8), included negative NRIs of SEK -305m referring to previously announced restructuring costs related to the strategic partnership with Midea Group in North America, and global organization and footprint optimization costs. In the quarter, the factory in Rosario, Argentina, was closed. • Income for the period was SEK -340m (192) and earnings per share were SEK -0.46 (0.39). • Operating cash flow after investments was SEK 3,608m (624), mainly driven by improved working capital, and U.S. tariff refunds. Investments continued to be at a low level. • Net debt/EBITDA improved to 2.2x (3.5). • Manufacturing joint venture in Anderson, U.S., for Fabric Care, with Midea Group in North America, became operational on September 1. Events after the close of the period: • Sales joint venture, U.S., and manufacturing joint venture in Juarez, Mexico, with Midea Group in North America related to Food Preservation products became operational on October 1. Financial overview SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Change, % Nine months 2026 Nine months 2025 Change, % Full year 2025 Net sales 33,919 32,318 5 95,031 96,170 -1 131,282 Sales growth, adjusted for currency translation effects, % 3.5 3.6 1.7 3.7 3.0 Currency translation effects, % 1.5 -6.6 -2.9 -5.8 -6.6 Divestments, % – -0.9 – -0.9 -0.8 Organic sales growth, % 3.5 4.6 1.7 4.7 3.9 Operating income¹ 607 890 -32 -665 2,140 n.m. 3,657 Operating margin, % 1.8 2.8 -0.7 2.2 2.8 Operating income excl. non-recurring items¹ 912 890 2 2,311 2,140 8 3,657 Operating margin excl. non-recurring items, % 2.7 2.8 2.4 2.2 2.8 Income after financial items 208 380 -45 -1,997 812 n.m. 1,815 Income for the period -340 192 n.m. -2,451 412 n.m. 878 Earnings per share, SEK² -0.46 0.39 n.m. -4.16 0.84 n.m. 1.79 Return on net assets, % – – -2.2 7.2 9.4 Net debt/EBITDA – – 2.2 3.5 3.0 Operating cash flow after investments 3,608 624 648 -3,224 1,955 1 Operating income in the third quarter 2026 included negative NRIs of SEK -305m, of which SEK -154m related to previously announced strategic partnership with Midea Group in North America, announced on April 23; and SEK -151m refers to Latin America and the closure of the factory in Rosario, Argentina. For more information see pag e 21. 2 Basic. Earnings per share for prior periods has been restated through changing the number of shares to reflect the rights issue completed in June 2026. For more information see page 23. For definitions, see pages 27-28. Note: n.m. (not meaningful) is used when the calculated number is considered not relevant. Q3 2026 AB Electrolux Interim report January-September 2026 Stockholm, October 23, 2026 3.5%(4.6) Organic sales growth 2.7%(2.8) Operating margin (excl. non-recurring items) -2.2%(7.2) Return on net assets (nine months)
Page 2
President and CEO Yannick Fierling's comment Strong strategic execution and resilient performance The third quarter marked strong progress in the transformation of Electrolux Group. We continued to execute the strategic priorities and delivered resilient performance in a challenging market environment. Competitive pressure remained high, alongside significant cost headwinds from external factors, including raw material, logistic costs and U.S. tariffs. In North America, we reached an important milestone as our strategic partnership with Midea Group became operational. All three joint ventures have been established, including the sales joint venture for Food Preservation and the manufacturing joint ventures in Juarez, Mexico, and Anderson, U.S. The closure of the Anderson factory contributed positively to earnings in the quarter. The repurposing of the site for laundry production is progressing according to plan. The sale of the Juarez assets to Midea Group was completed on October 1. Across the Group, we continued to progress on the global organization and manufacturing footprint optimization. We are creating a leaner organization, with fewer employees and a greater share of resources closer to consumers and markets. In the third quarter, we closed the factory in Rosario, Argentina. In Italy, discussions with trade unions and institutions regarding the optimization plan are progressing according to plan. Navigating diverse regional challenges In North America, inflation concerns continued to weigh on consumer confidence. Demand shifted towards lower price points as consumers are impacted by inflation and prioritize affordability. Higher tariffs added significant cost pressure, forcing the industry to further increase prices in the quarter. In Europe, consumer confidence deteriorated as geopolitical uncertainty increased and inflation weighed on purchasing power and demand. In Brazil, market demand remained positive, although growth slowed significantly as elevated interest rates continued to affect consumers' financing and household spending. Organic sales growth and strong cash generation Organic sales grew in the quarter, with resilient performance across all regions. Strong commercial execution enabled us to increase our value market share for both the Electrolux and the AEG brands in Europe. In Latin America, growth was driven by higher volumes. In North America, organic sales growth mainly reflected the price increases implemented to mitigate higher tariff costs. Operating income excluding non-recurring items was positively impacted by cost efficiency. This was offset by significant external headwinds, with the Middle East conflict impacting with full effect, leading to substantially higher raw material and logistics costs. U.S. tariff costs also had a negative impact in the quarter. We expect the pressure from external factors to remain in the coming quarters. Operating income benefited from a positive effect related to a recovery claim for overpaid tax, included in cost efficiency. This more than offset the negative effect from a customer-related provision in Brazil. Operating cash flow after investment improved to SEK 3.6bn, supported by improved operating working capital and U.S. tariff refunds. The leverage ratio improved to 2.2x. Full-year 2026 business and market outlook We now expect volume, price and mix combined to have a neutral operating income contribution, compared with previously positive, reflecting the challenging market environment across regions. The expected contribution from cost efficiency is changed to about SEK 4.0bn, reflecting the strong traction in our cost efficiency initiatives. The business outlook for investments in consumer experience innovation and marketing, external factors and capital expenditure remains unchanged, as does our regional market outlook. Building long-term competitiveness We remain focused on what we can control to win in the marketplace: resetting North America operations, optimizing our organization and manufacturing footprint, and capturing growth opportunities. We are reshaping Electrolux Group into a more agile, competitive and consumer-centric company. I am proud of the performance in the third quarter and the commitment and drive across Electrolux Group as we continue our transformation. "The key milestones achieved this quarter increase momentum behind our transformation." 2 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 3
Outlook Market outlook, units year-over-year¹ FY 2026 Previous outlook for FY 2026⁷ Europe Neutral Neutral North America Negative Negative Brazil Positive Positive Business outlook, year-over-year² FY 2026 Previous outlook for FY 2026⁷ Volume/price/mix3 Neutral Positive Investments in consumer experience innovation and marketing4 Negative, increased investments Negative, increased investments Cost efficiency5 Positive, approximately SEK 4.0bn Positive, approximately SEK 3.5-4.0bn External factors6 Significantly negative Significantly negative Capital expenditure Approximately SEK 3.0-3.5bn Approximately SEK 3.0-3.5bn ¹ Electrolux Group estimates for industry shipments of core appliances. ² Business outlook range: Positive – Neutral – Negative, in terms of impact on earnings. 3 The full-year outlook is based on the U.S. trade policy situation as of October 22, 2026. 4 Comprise costs of R&D, marketing/brand, connectivity, CRM, aftermarket sales capability, etc. 5 Efficiencies in variable costs (excl. raw material, energy, trade tariffs and labor cost inflation >2%) and structural costs (excl. consumer experience innovation and marketing). 6 Comprise raw material costs, energy costs, trade tariffs, direct and indirect currency impact and labor cost inflation >2%. The full-year outlook is based on the U.S. trade policy situation as of October 22, 2026. 7 Published July 29, 2026. Note: Business outlook in the above table excludes non-recurring items. Market and business outlook assume no significant additional impact from the global geo political situation, including trade policy measures (e.g. tariffs). Group mid-term targets Financial targets Key sustainability targets • Annual organic sales growth of at least 4% over a business cycle • Operating margin (excl. non-recurring items) of at least 6% over a business cycle • Return on net assets >20% over a business cycle • Capital turnover-rate of at least 4 times • SBTi Scope 1 and 2 emission reduction by 85% by 20301 • SBTi Scope 3 emission reduction by 42% by 20301 • Recycled content in purchased plastics2 and steel at 35% by 2030 • Total Case Incident Rate (TCIR) of 0.3 by 2030 1 The SBTi targets set an 85% reduction in absolute Scope 1 and 2 (market-based) emissions and a 42% reduction in absolute Scope 3 emissions (covering approximately 73% of total Scope 3 emissions) by 2030, compared to 2021 baseline. 2 Plastics refers to the three most purchased plastic categories by the Group - Acrylonitrile Butadiene Styrene (ABS), Polystyrene (PS), and Polypropylene (PP). 3 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 4
Summary of the third quarter SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Change, % Nine months 2026 Nine months 2025 Change, % Full year 2025 Net sales 33,919 32,318 5 95,031 96,170 -1 131,282 EMEA APAC 14,176 13,682 4 41,631 40,937 2 57,135 North America 12,033 11,782 2 31,162 34,434 -10 45,124 Latin America 7,710 6,854 12 22,238 20,799 7 29,023 Sales growth, adjusted for currency translation effects, % 3.5 3.6 1.7 3.7 3.0 Organic sales growth, % 3.5 4.6 1.7 4.7 3.9 EMEA APAC 2.8 1.7 3.6 0.8 1.6 North America 2.4 10.9 -3.6 8.9 6.1 Latin America 6.6 0.3 6.3 5.7 5.2 Operating income 607 890 -32 -665 2,140 n.m. 3,657 EMEA APAC 527 522 1 1,010 1,330 -24 2,353 North America -244 25 n.m. -2,409 -255 -845 -567 Latin America 433 392 10 997 1,281 -22 2,226 Group common costs, etc. -109 -50 -119 -262 -217 -21 -355 Operating income excl. non-recurring items¹ 912 890 2 2,311 2,140 8 3,657 EMEA APAC 527 522 1 1,633 1,330 23 2,353 North America -90 25 n.m. -771 -255 -202 -567 Latin America 584 392 49 1,712 1,281 34 2,226 Group common costs, etc. -109 -50 -119 -262 -217 -21 -355 Operating margin, % 1.8 2.8 -0.7 2.2 2.8 Operating margin excl. non-recurring items, %¹ 2.7 2.8 2.4 2.2 2.8 1 For information on NRIs, see page 21. Note: n.m. (not meaningful) is used when the calculated number is considered not relevant. 4 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 5
Net sales Organic sales growth was +3.5% in the third quarter, with positive developments in all regions despite challenging market conditions and high competitive pressure. In Latin America and EMEA APAC, the organic sales increase was driven by higher sales volumes and a slightly positive mix, while price developed negatively. Electrolux and AEG continued to gain value and volume market shares in Europe, maintaining the Group's price position in a subdued environment where demand declined in some of the region's key markets. In North America, organic sales growth reflected a positive price development, partly offset by lower volumes and a negative mix. Aftermarket organic sales for the Group were largely unchanged. Operating income The impact from organic sales growth on operating income excluding NRIs was slightly positive reflecting increased volumes, slightly favorable mix and a negative price development. External factors was a major headwind in the quarter with a significant negative impact on earnings, driven by substantially higher raw material and logistics costs related to the Middle East conflict, and increased U.S. tariff costs. The positive price development in North America partially compensated for the higher tariff cost pressure but not for the full tariff costs. The pressure from tariffs and higher raw material and logistics costs, is expected to remain and impact earnings in the coming quarters. Cost efficiency improvements for the Group contributed positively to earnings driven mainly by product cost reduction. Further, operating income benefited from a positive effect referring to a claim for a recovery of overpaid tax, included in cost efficiency in the quarter, and more than offsetting a negative effect from a customer-related provision in Brazil. In total, cost efficiency for the Group contributed SEK 1.4bn to operating income, including cost savings from the closure of the U.S. food preservation factory in Anderson. The factory is being transformed into fabric care production as part of the previously announced partnership with Midea Group in North America. Operating income included NRIs related to the Midea partnership in North America of SEK -154m, and SEK -151m related to a factory closure in Argentina as part of the previously announced Group organization and footprint optimization. NON-RECURRING ITEMS SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026¹ Nine months 2025 EMEA APAC – – -623 – North America -154 – -1,638 – Latin America -151 – -715 – Group common costs, etc. – – – – Total Group -305 – -2,976 – 1 The first nine months of 2026 included previously announced negative non-recurring items totalling SEK -2,976m for the Group. Of the Group total, SEK -2,087 m, whereof SEK -1,933m in Q2, refers to the strategic partnership with Midea Group in North America, announced on April 23; a positive USD 49m (SEK 450m) in Q2 refers to claims for refunds of U.S. IEEPA tariffs related to 2025; global organization and footprint optimization incurred restructuring charges of SEK -623m in EMEA APAC in Q2 related to the closure of the factory in Jászberény, Hungary; and SEK -715m refers to Latin America of which SEK -101m in Q2 refers to downsizing measures in Argentina, and SEK -463m in Q1 to a factory closure in Chile. See page 21. NET SALES Net sales Sales growth, adjusted for currency translation effects, % Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -10,000 0 10,000 20,000 30,000 40,000 -5% 0% 5% 10% 15% 20% OPERATING INCOME AND MARGIN EBIT EBIT margin EBIT margin - 12 months Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -1,500 -1,000 -500 0 500 1,000 1,500 2,000 -4% -2% 0% 2% 4% 6% 8% EBIT margin – 12 months is excluding non-recurring items, see page 21. OPERATING INCOME BRIDGE 0.9 0.1 -0.0 1.4 -1.4 0.0 0.9 EBIT Q3 2025¹ Volume/ price/ mix Innovation/ Marketing² Cost efficiency External factors Acq/ divest EBIT Q3 2026 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 1 Operating income (EBIT) excluding non-recurring items, all numbers are rounded. 2 Investments in consumer experience innovation and marketing. For more information on definitions, see page 3 under Outlook. 5 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 SEKm SEKm SEKbn
Page 6
Financial net Net financial items amounted to SEK -399m (-510). The year- over-year difference is explained mainly by less interest expense. Taxes Income taxes for the third quarter were negative SEK -548m (-188). For the first nine months income taxes were negative SEK -454m (-400) . The higher tax expense in Q3 2026 vs 2025 is mainly related to a timing effect of tax provisions. Income for the period Income for the period amounted to SEK -340m (192), corresponding to SEK -0.46 (0.39) in earnings per share. First nine months of 2026 Organic sales grew 1.7% with increased volumes offsetting negative price and unfavorable mix. Operating income excluding NRIs increased to SEK 2,311m (2,140), corresponding to a margin of 2.4% (2.2). Regions EMEA APAC and Latin America improved income and margins, while North America reported a widened loss mainly related to weaker market demand and increased costs for U.S. import tariffs. The impact from external factors was significantly negative for the Group, including cost headwinds related to the Middle East conflict. Cost efficiency contributed by appr. SEK 3.4bn to earnings. Operating income included non-recurring items of appr. SEK -3.0bn, see page 21. Net financial items amounted to SEK -1,333m (-1,328). Income for the period amounted to SEK -2,451m (412), corresponding to SEK -4.16 (0.84) in earnings per share. Market overview In the third quarter, overall market demand in Europe was unchanged, while in the U.S. market demand declined. In both Europe and the U.S., consumer confidence was negatively impacted by geopolitical and economic uncertainty and consumers continued to shift to lower price points. For more information about the markets, please see the Regions sections. INDUSTRY SHIPMENTS OF CORE APPLIANCES IN EUROPE* INDUSTRY SHIPMENTS OF CORE APPLIANCES IN THE U.S.* Western Europe, representing approximately 80% Eastern Europe Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -10 -5 0 5 10 Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -15 -10 -5 0 5 10 *Units year-over-year, %. Sources: Europe: Electrolux Group estimate, excluding Russia. U.S.: AHAM. For definitions see below. For other markets, there are no comprehensive market statistics. Industry shipment of core appliances Europe, units, year-over-year,%* Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Western Europe, representing ~80% of total Europe -1 1 0 0 0 Eastern Europe 3 -1 2 -1 0 Total Europe 0 1 1 0 0 *Source: Electrolux Group estimates for core appliances. Total Europe and Eastern Europe exclude Turkey and Russia. Core appliances include: Refrigerators, Freezers, Washing machines, Tumble dryers, Free-standing Cookers, Built-in Ovens, Built-in Hobs, Hoods and Dishwashers. Electrolux Group estimates are subject to restatement. U.S., units, year-over-year, %* Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Core appliances -5 0 -6 0 0 *Source: The AHAM Factory Shipment Report. Q 3 2 0 2 6 is a comparison of weeks between June 28, 2026 – September 26, 2026 vs June 29, 2025 – September 27, 2025. Core appliances include AHAM 6 (Washers, Dryers, Dishwashers, Refrigerators, Freezers, Ranges and Ovens) and Cooktops. AHAM data is subject to restatement. 6 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 % %
Page 7
Regions Europe, Middle East & Africa and Asia-Pacific • Weak European consumer sentiment • Continued market share gains with Electrolux and AEG • Cost efficiency improvements more than offset substantial external cost headwinds driven by increased impact from Middle East conflict • Organizational and footprint optimization advancing as planned Weak consumer sentiment affects demand in key markets During the quarter, market demand for core appliances was unchanged in Europe year-over-year, with industry volumes remaining below decade-ago levels. Western Europe, representing appr. 80% of the market, declined by 1% year- over-year, and in Eastern Europe the market grew by 3%. Consumer sentiment in Europe remained weak, reflecting elevated geopolitical tensions, energy-driven inflation and higher interest rates, while concerns about household purchasing power weighed on consumer confidence. As a result, consumers continued to postpone discretionary spending, and demand for built-in kitchen products in Europe remained at a low level. Demand was mainly replacement driven. In Asia-Pacific, consumer demand is estimated to have declined year-over-year. Competitive pressure and promotional activity remained high across markets. Continued value market share gains in Europe The region reported an organic sales increase of 2.8%, driven by higher volumes and favorable mix. The continued rollout of consumer-relevant innovations, combining enhanced functionality, performance and design, contributed to continued market share gains in higher value categories, driven by built-in kitchen products. While competitive price pressure remained high and had a negative impact on price, Electrolux Group maintained its price position. Stable operating income despite substantial cost headwinds Operating income was in line with the previous year, negatively impacted by external factors that were primarily driven by substantially higher raw material and logistics cost related to the Middle East conflict. Investments in innovation and marketing increased with the focus on enhancing competitiveness of the Group's core-to premium offering. Improved cost efficiency contributed positively to earnings driven mainly by product cost reductions through value engineering and purchasing savings. Implementation of the previously announced global organizational and footprint optimization measures is advancing according to plan. The closure of the refrigeration products factory in Jászberény, Hungary, is expected by the end of 2026, and in Italy, discussions with trade unions and institutions regarding the optimization plan are progressing according to plan. NET SALES AND GROWTH Net sales Sales growth, adjusted for currency translation effects, % Organic sales growth, % Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -4,000 0 4,000 8,000 12,000 16,000 20,000 -5% 0% 5% 10% 15% 20% 25% OPERATING INCOME AND MARGIN EBIT EBIT margin EBIT margin - 12 months Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -200 0 200 400 600 800 1,000 1,200 -2% 0% 2% 4% 6% 8% 10% 12% EBIT margin – 12 months is excluding non-recurring items, see pages 21 and 26. SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Net sales 14,176 13,682 41,631 40,937 57,135 Sales growth, adjusted for currency translation effects, % 2.8 -0.5 3.6 -1.3 -0.3 Divestments, % – -2.2 – -2.1 -1.9 Organic sales growth, % 2.8 1.7 3.6 0.8 1.6 Operating income 527 522 1,010 1,330 2,353 Operating Margin, % 3.7 3.8 2.4 3.2 4.1 Operating income excl. non-recurring items 527 522 1,633 1,330 2,353 Operating margin excl. non-recurring items, %¹ 3.7 3.8 3.9 3.2 4.1 1 For non-recurring items, see page 21. 7 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 SEKm SEKm
Page 8
North America • Market demand declined • External factors significant negative headwind in the quarter • Midea Group partnership operational Decline in market demand During the quarter, market demand for core appliances in terms of units decreased by approximately 5% with declines across major product categories. Market price levels in the quarter are estimated to have increased year-over-year in the industry although not reflecting the cost impact of implemented U.S. tariffs. Economic uncertainty and inflation concerns weighed on consumer confidence. Demand was predominantly replacement-driven and with continued consumer preference for lower relative price points. Increased prices drove organic growth The region reported organic sales growth, reflecting a positive price development, partly offset by lower volumes and a negative mix. External factors major headwind in the quarter External factors were a major headwind in the quarter driven by increased tariff costs, currency headwinds as well as higher raw material and logistics costs due to the Middle East conflict. In the quarter, a positive price development compensated for the majority of increased tariff costs in the quarter, but not for the total cost pressure from tariffs. The cost pressure from tariffs will remain and impact earnings in the coming quarters. Cost efficiency improvements contributed positively to earnings, mainly driven by product cost reductions through finished goods sourcing, value engineering and purchasing savings. Also, cost savings related to the manufacturing joint venture with the Midea Group to repurpose the Anderson factory to a Fabric Care factory had a positive impact on cost efficiency. A positive price development was partly offset by a negative mix effect. The strategic partnership with Midea Group is progressing according to plan. On July 31, the Anderson factory was closed and the re-purposing into a Fabric Care factory started. On September 1, the manufacturing joint venture with the Midea Group for Fabric Care production in Anderson went operational. Operating income included NRIs related to the Midea strategic partnership of SEK -154m mainly related to the re- purposing of Anderson, where production is expected to start late in the first half of 2027. The manufacturing joint venture for the Juarez Food preservation factory and the Sales Joint Venture went operational on October 1. See page 12 for more information related to the impact from the strategic partnership with Midea Group on the reporting in the third quarter. NET SALES AND GROWTH Net sales Sales growth, adjusted for currency translation effects, % Organic sales growth, % Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -12,000 -8,000 -4,000 0 4,000 8,000 12,000 16,000 -15% -10% -5% 0% 5% 10% 15% 20% OPERATING INCOME AND MARGIN EBIT EBIT margin EBIT margin - 12 months Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -2,000 -1,600 -1,200 -800 -400 0 400 -15% -12% -9% -6% -3% 0% 3% EBIT margin – 12 months is excluding non-recurring items, see pages 21 and 26. SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Net sales 12,033 11,782 31,162 34,434 45,124 Sales growth, adjusted for currency translation effects, % 2.4 10.9 -3.6 8.9 6.1 Organic sales growth, % 2.4 10.9 -3.6 8.9 6.1 Operating income -244 25 -2,409 -255 -567 Operating margin,% -2.0 0.2 -7.7 -0.7 -1.3 Operating income excl. non-recurring items -90 25 -771 -255 -567 Operating margin excl. non-recurring items, %¹ -0.7 0.2 -2.5 -0.7 -1.3 1 For non-recurring items, see page 21. 8 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 SEKm SEKm
Page 9
Latin America • Positive demand with slower market growth in Brazil • Positive organic sales growth driven by volumes • Cost efficiency partly by offset price and external factor headwinds Positive demand with slower market growth in Brazil Consumer demand is estimated to have increased in the region during the quarter. Market demand in Brazil remained positive, although growth slowed significantly. Elevated interest rates and inflation continued to affect consumer credit and spending. Competitive pressure remained high across the region, resulting in continued promotional activity and an increased focus on affordability. Positive organic sales growth driven by volumes The region reported positive organic sales growth, driven by higher volumes across most markets. Higher volumes were partly offset by a negative price development, reflecting continued high competitive pressure and promotional activities. Mix was slightly favorable, mainly driven by refrigeration, with positive development also in small domestic appliances and aftermarket sales during the quarter. Cost efficiency partly offset by price and external factor headwinds Operating income excluding NRIs was positively impacted by cost efficiency, mainly driven by value engineering and sourcing improvements. Further, operating income benefited from a positive effect referring to a claim for a recovery of overpaid tax, included in cost efficiency in the quarter, and more than offsetting a negative effect from a customer- related provision in Brazil. External factors had a negative impact on earnings, primarily related to higher raw material and logistic costs due to the Middle East conflict. Higher volumes were more than offset by a negative price development. Operating income included a negative NRI of SEK -151m related to the closure of the factory in Rosario, Argentina, as part of the global organizational and footprint optimization initiatives announced on April 23. NET SALES AND GROWTH Net sales Sales growth, adjusted for currency translation effects, % Organic sales growth, % Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 0 2,000 4,000 6,000 8,000 10,000 12,000 0% 5% 10% 15% 20% 25% 30% OPERATING INCOME AND MARGIN EBIT EBIT margin EBIT margin - 12 months Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 0 200 400 600 800 1,000 1,200 0% 2% 4% 6% 8% 10% 12% EBIT margin – 12 months is excluding non-recurring items, see pages 21 and 26. SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Net sales 7,710 6,854 22,238 20,799 29,023 Sales growth, adjusted for currency translation effects, % 6.6 0.3 6.3 5.7 5.2 Organic sales growth, % 6.6 0.3 6.3 5.7 5.2 Operating income 433 392 997 1,281 2,226 Operating margin, % 5.6 5.7 4.5 6.2 7.7 Operating income excl. non-recurring items 584 392 1,712 1,281 2,226 Operating margin excl. non-recurring items, %¹ 7.6 5.7 7.7 6.2 7.7 1 For non-recurring items, see page 21. 9 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 SEKm SEKm
Page 10
Cash flow • Operating cash flow in the third quarter driven by improved operating working capital and positive development of other operating assets and liabilities Operating cash flow Improved operating working capital in the third quarter compared to the second quarter had a positive impact on the cash flow. This was driven by a positive impact from higher accounts payable as inventory optimization during the year resulted in higher purchases in the third quarter to support sales efforts for the upcoming seasonal period. Trade receivables increased slightly, driven by sales growth, somewhat offset by a changed customer mix. Other operating assets also improved as other operating assets, liabilities and provisions had a positive effect. It included the tariff refunds received for previously submitted U.S. IEEPA tariff refund claims related to the first quarter 2026 and the full-year 2025 of approximately SEK 1bn. On September 1, 2026, 45% was divested in the manufacturing joint venture in Anderson for Fabric Care production to Midea Group. A cash payment of SEK261m was received in the third quarter, reported in the cash flow statement line item "Divestments and partnership transactions". Working capital Operating working capital as of S e p t e m b e r 3 0 , 2 0 2 6, amounted to SEK 8,337m (8,754), corresponding to 6.3% (7.0) of annualized net sales. Working capital as of S e p t e m b e r 3 0 , 2 0 2 6, amounted to SEK -10,438m (-9,482), corresponding to -7.9% (-7.6) of annualized net sales. For more information see page 22. OPERATING CASH FLOW AFTER INVESTMENTS Operating cash flow after investments Operating cash flow after investments - 12 months Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -6,000 -4,000 -2,000 0 2,000 4,000 6,000 OPERATING WORKING CAPITAL Operating working capitalAverage operating working capital/ net sales, % - 12 months Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 0 2,000 4,000 6,000 8,000 10,000 12,000 0% 2% 4% 6% 8% 10% 12% SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Operating income adjusted for non-cash items¹ 1,763 2,188 5,173 6,051 8,509 Change in operating working capital 997 -1,232 -2,091 -4,473 -2,074 Change in other operating assets, liabilities and provisions 1,621 518 -658 -2,876 -1,799 Total change in operating assets and liabilities 2,619 -714 -2,750 -7,349 -3,873 Operating cash flow 4,381 1,473 2,424 -1,297 4,635 Investments in tangible and intangible assets -814 -826 -1,871 -2,361 -3,358 Changes in other investments 41 -24 96 435 678 Operating cash flow after investments 3,608 624 648 -3,224 1,955 Divestments and partnership transactions 261 – 261 -6 -6 Operating cash flow after structural changes 3,869 624 909 -3,229 1,950 Financial items paid, net² -604 -494 -1,455 -1,157 -1,808 Taxes paid -382 -252 -846 -964 -1,650 Cash flow from operations and investments 2,882 -122 -1,392 -5,351 -1,508 Payment of lease liabilities -286 -270 -835 -838 -1,135 Rights issue -47 – 8,854 – – Dividend – – – 12 12 Share-based payments -5 – -5 – – Total cash flow, excluding changes in loans and short– term investments 2,545 -393 6,623 -6,177 -2,631 ¹ Operating income adjusted for depreciation, amortization and other non-cash items. ² For the period January 1 to September 30 , 2026 : interest and similar items received SEK 261m (210), interest and similar items paid SEK -1,616 m (-1,293 ) and other financial items received/paid SEK -100 m (-74). 10 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 SEKm SEKm
Page 11
Financial position Net debt As of S e p t e m b e r 3 0 , 2 0 2 6, Electrolux Group had a financial net debt (excluding lease liabilities and post-employment provisions) of SEK 18,284m, compared to the financial net debt of SEK 28,291m as of S e p t e m b e r 3 0 , 2 0 2 5 and SEK 24,593m as of December 31, 2025. The decrease during 2026 was mainly driven by the rights issue completed at the end of June, generating net proceeds of approximately SEK 9.1bn. Net provisions for post-employment benefits amounted to a surplus of SEK 1,208m and lease liabilities amounted to SEK 3,697m as of S e p t e m b e r 3 0 , 2 0 2 6. In total, net debt amounted to SEK 20,773m, a decrease of SEK 7,404m compared to SEK 28,176m as of D e c e m b e r 3 1 , 2 0 2 5 and a decrease of SEK 11,790m compared to September 30, 2025. Long-term borrowings and long-term borrowings with maturities within 12 months, amounted to a total of SEK 32,747m as of S e p t e m b e r 3 0 , 2 0 2 6, with an average maturity of 2.6 years, compared to SEK 36,545m and 3.0 years at the end of 2025, and SEK 36,926m and 3.0 years at the end of September 2025. In the third quarter, SEK 5,393m of long-term borrowings were amortized and SEK 5m of new long-term debt was issued. In September, the Group exercised its option to early redeem a EUR 500m bond issued under the Electrolux Euro Medium Term Note (EMTN) program. There are no long- term debt maturities during the remainder of 2026. For more information see electroluxgroup.com. Liquid funds as of S e p t e m b e r 3 0 , 2 0 2 6, amounted to SEK 17,364m, an increase of SEK 1,470m compared to SEK 15,895m as of D e c e m b e r 3 1 , 2 0 2 5 and a decrease of SEK 3,204m compared to SEK 20,569m at the end of June 2026. Liquid funds including unused committed revolving credit facilities, amounted to SEK 34,695m compared to SEK 32,713m as of D e c e m b e r 3 1 , 2 0 2 5. The increase in liquid funds during 2026 was mainly driven by net proceeds of approximately SEK 9.1bn from the rights issue. Net debt/EBITDA was 2.2 (3.5) and return on equity was -24.3% (6.3). Net assets Average net assets as of S e p t e m b e r 3 0 , 2 0 2 6, amounted to SEK 39,811m (39,426), corresponding to 31.4% (30.7) of annualized net sales. Net assets as of S e p t e m b e r 3 0 , 2 0 2 6, amounted to SEK 37,974m (40,870). Return on net assets was -2.2% (7.2). NET DEBT Net debt Net debt/EBITDA Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 NET ASSETS Net assets Return on net assets, % Q3 2024 Q4 Q1 Q2 Q3 2025 Q4 Q1 Q2 Q3 2026 -80,000 -60,000 -40,000 -20,000 0 20,000 40,000 60,000 80,000 100,000 -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 11 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 SEKm SEKm Net debt/EBITDA Return on net assets, %
Page 12
Net debt SEKM Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Short-term loans 2,318 2,990 3,238 Short-term part of long-term loans 4,122 1,984 5,491 Trade receivables with recourse – 19 55 Short-term borrowings 6,440 4,993 8,783 Financial derivative liabilities 319 225 278 Accrued interest expenses and prepaid interest income 264 513 373 Total short-term borrowings 7,023 5,731 9,434 Long-term borrowings 28,625 34,942 31,054 Total borrowings¹ 35,648 40,673 40,488 Cash and cash equivalents 16,380 11,995 15,658 Short-term investments 811 164 163 Financial derivative assets 164 218 70 Prepaid interest expenses and accrued interest income 10 5 4 Liquid funds² 17,364 12,383 15,895 Financial net debt 18,284 28,291 24,593 Lease liabilities 3,697 3,898 3,662 Net provisions for post-employment benefits -1,208 374 -79 Net debt 20,773 32,563 28,176 Net debt/EBITDA 2.2 3.5 3.0 Net debt/equity ratio 1.13 3.82 3.24 Total equity 18,408 8,519 8,706 Equity per share, SEK 22.67 31.49 32.18 Return on equity, % -24.3 6.3 10.1 Equity/assets ratio, % 17.0 8.2 8.8 1 Whereof interest-bearing liabilities amounting to SEK 35,065 m as of S e p t e m b e r 3 0 , 2 0 2 6, and SEK 39,916 m as of S e p t e m b e r 3 0 , 2 0 2 5. 2 Electrolux Group also has an unused committed multicurrency revolving credit facility of EUR 1,000m, approximately SEK 11,331m, maturing 2028, a revolving credit facility of SEK 3,000m, maturing 2027, and a revolving credit facility of SEK 3,000m, maturing 2027. Impact on reporting from the Midea Group strategic partnership in North America Electrolux Group has entered a strategic partnership with Midea Group consisting of three joint ventures: 1) Manufacturing joint venture in Anderson for Fabric Care production. Electrolux holds 55% after 45% was sold to Midea Group on September 1, 2026. This entity will be 100% consolidated. Operational from September 1, 2026. 2) Sales joint venture for Food Preservation products. Electrolux holds 50% after 50% was sold to Midea Group on October 1, 2026. This entity will be 100% consolidated. Operational from October 1, 2026. 3) Manufacturing joint venture in Juarez, Mexico. Electrolux holds 35% after 65% was sold to Midea Group on October 1, 2026. This entity will be reported as shares in associate. Operational from October 1, 2026. In the interim report for the third quarter 2026, the partnership transaction related to the manufacturing joint venture in Anderson for Fabric Care production is included in the financial statements. On September 1, 2026, 45% of the shares in the company holding the Anderson manufacturing facilities was sold to Midea Group. The consideration amounted to USD 43.1m (SEK 413m) which is reflected in “Change in consolidated equity” in the line item "Change in non-controlling interest". A cash payment of SEK 261m was received in the third quarter, reported in the cash flow statement line item "Divestments and partnership transactions". The remaining part of the consideration is reported as a receivable in the balance sheet line item "Other current assets". Assets and liabilities related to the manufacturing joint venture in Juarez are reported as "Assets held for sale" and "Liabilities related to assets held for sale" in the balance sheet per end September 2026. Risks and uncertainty factors Active risk management is essential for Electrolux Group to drive successful operations. The Group is impacted by various types of risks including strategic and external risks, such as geopolitical risks including trade policy measures (e.g. tariffs), but also business risks such as operational and financial risks. Risk management in Electrolux Group aims to identify, control and reduce risks. Risks, risk management and risk exposure are described in more detail in the 2025 Annual Report: electroluxgroup.com/annualreport2025 12 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 13
Events during the quarter 13 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6 July 31. Change in the number of shares and votes in AB Electrolux According to AB Electrolux Articles of Association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company. During July 2026, at the request of shareholders in accordance with the clause in the Articles of Association, conversion of 1,662,933 Class A shares into the same number of Class B shares has been carried out. Through the conversion, the number of votes has decreased by 1,496,639.7. As of July 31, 2026, there are in total 824,070,029 shares in AB Electrolux, of which 22,114,658 Class A shares, corresponding to 22,114,658 votes, and 801,955,371 Class B shares, corresponding to 80,195 537.1 votes, corresponding to 102,310,195.1 votes in total. September 17. Nomination Committee appointed for AB Electrolux Annual General Meeting 2027 In accordance with decision by the Annual General Meeting, AB Electrolux Nomination Committee shall consist of five members. The Nomination Committee shall include members selected by each of the four largest shareholders in terms of voting rights that wish to participate in the committee, together with the Chair of the Board of AB Electrolux. The members of the Nomination Committee have now been appointed based on the ownership structure as of August 31, 2026. The Nomination Committee consists of: Christian Cederholm, Investor AB, chair, Martin Wallin, Lannebo Kapitalförvaltning, Alexandra Frenander, Folksam, Pia Gisgård, Swedbank Robur Fonder and Torbjörn Lööf, Chair of the Board of AB Electrolux. The Nomination Committee will prepare proposals for the Annual General Meeting in 2027 regarding Chairman of the Annual General Meeting, Board members, Chairman of the Board, remuneration for Board members, Auditor, Auditor’s fees and, to the extent deemed necessary, proposal regarding amendments of the current instruction for the Nomination Committee. The Annual General Meeting will be held on March 24, 2027, in Stockholm, Sweden. For more information, visit electroluxgroup.com
Page 14
Parent Company AB Electrolux The Parent Company comprises the functions of the Group’s head office, as well as five companies operating on a commission basis for AB Electrolux. Net sales for the Parent Company, AB Electrolux, for the first nine months 2026 amounted to SEK 29,722m (28,785) of which SEK 25,495m (24,379) referred to sales to Group companies and SEK 4,227m (4,406) to external customers. Income after financial items was SEK 375m (890), including dividends from subsidiaries in the amount of SEK 1,231m (2,258). Income for the period amounted to SEK 583m (1,136). Capital expenditure in tangible and intangible assets was SEK 296m (407). Liquid funds at the end of the period amounted to SEK 10,183m, compared to SEK 9,727m at the start of the year. Undistributed earnings in the Parent Company at the end of the period amounted to SEK 15,391m, compared to SEK 8,841m at the start of the year. Dividend payment to shareholders for 2025 amounted to SEK 0m. The income statement and balance sheet for the Parent Company are presented on page 23. Stockholm, October 23, 2026 AB Electrolux (publ) 556009-4178 Yannick Fierling President and CEO 14 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 15
Review Report AB Electrolux (publ), reg. no 556009-4178 This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail. Introduction We have conducted a limited review of the condensed interim financial information (interim report) for AB Electrolux (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 conclusion 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 Engagements ISRE 2410, "Review of Interim Financial Information 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 different focus and a significantly smaller scope compared to the focus and scope of an audit conducted in accordance with ISA and generally accepted auditing standards. 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 accordance with the Annual Accounts Act. Stockholm, October 23, 2026 Öhrlings PricewaterhouseCoopers AB Johan Rippe Authorized Public Accountant Partner in charge Aleksander Lyckow Authorized Public Accountant 15 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 16
Consolidated statement of comprehensive income SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Net sales 33,919 32,318 95,031 96,170 131,282 Cost of goods sold -28,973 -26,914 -83,159 -80,263 -109,580 Gross operating income 4,946 5,404 11,873 15,907 21,702 Selling expenses -3,874 -3,457 -10,549 -10,361 -13,876 Administrative expenses -1,342 -1,275 -3,898 -4,126 -5,485 Other operating income/expenses 877 218 1,909 719 1,315 Operating income 607 890 -665 2,140 3,657 Financial items, net -399 -510 -1,333 -1,328 -1,842 Income after financial items 208 380 -1,997 812 1,815 Taxes -548 -188 -454 -400 -936 Income for the period -340 192 -2,451 412 878 Items that will not be reclassified to income for the period: Remeasurement of provisions for post-employment benefits 479 344 867 230 686 Income tax relating to items that will not be reclassified -112 -83 -208 -46 -165 367 261 660 183 521 Items that may be reclassified subsequently to income for the period: Cash flow hedges 2 5 4 -3 -1 Exchange rate differences on translation of foreign operations 506 -41 2,063 -1,873 -2,498 Income tax relating to items that may be reclassified 0 0 0 0 0 508 -37 2,067 -1,876 -2,499 Other comprehensive income, net of tax 875 224 2,727 -1,693 -1,978 Total comprehensive income for the period 534 416 275 -1,280 -1,100 Income for the period attributable to: Equity holders of the Parent Company -340 192 -2,451 412 878 Non-controlling interests -1 -0 -1 0 0 Total -340 192 -2,451 412 878 Total comprehensive income for the period attributable to: Equity holders of the Parent Company 518 417 259 -1,280 -1,100 Non-controlling interests 16 -0 16 -0 -0 Total 534 416 275 -1,280 -1,100 Earnings per share, SEK¹ Basic -0.46 0.39 -4.16 0.84 1.79 Diluted -0.46 0.38 -4.16 0.83 1.76 A v e r a g e n u m b e r o f s h a r e s ¹ ˒ ² Basic, million 735.2 491.7 589.1 491.4 491.5 Diluted, million 749.3 502.7 601.5 499.1 499.9 ¹ Earnings per share for prior periods has been restated through changing the number of shares to reflect the rights issue completed in June 2026. ² Average numbers of shares excluding shares held by AB Electrolux. 16 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 17
Consolidated balance sheet SEKM Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Assets Property, plant and equipment, owned 23,004 25,940 25,161 Property, plant and equipment, right-of-use 3,307 3,521 3,297 Goodwill 5,129 4,806 4,764 Other intangible assets 4,188 4,773 4,625 Investments in associates 0 0 0 Deferred tax assets 10,412 9,174 8,759 Financial assets 70 69 68 Pension plan assets 2,684 1,541 1,880 Other non-current assets 3,252 2,802 2,922 Total non-current assets 52,047 52,628 51,476 Inventories 23,334 23,327 19,979 Trade receivables 23,301 21,245 21,392 Tax assets 1,214 1,029 1,046 Derivatives 253 236 101 Other current assets 6,682 5,089 4,638 Short-term investments 811 164 163 Cash and cash equivalents 16,380 11,995 15,658 Assets held for sale 1,425 284 173 Total current assets 73,399 63,370 63,150 Total assets 125,446 115,998 114,626 Equity and liabilities Equity attributable to equity holders of the Parent Company: Share capital 4,496 1,545 1,545 Other paid-in capital 2,905 2,905 2,905 Other reserves -2,027 -3,454 -4,077 Retained earnings 12,598 7,518 8,328 Equity attributable to equity holders of the Parent Company 17,972 8,514 8,700 Non-controlling interests 435 5 6 Total equity 18,408 8,519 8,706 Long-term borrowings 28,625 34,942 31,054 Long-term lease liabilities 2,497 2,721 2,552 Deferred tax liabilities 950 734 791 Provisions for post-employment benefits 1,476 1,916 1,801 Other long-term provisions 5,150 4,194 4,082 Total non-current liabilities 38,699 44,508 40,280 Accounts payable 38,297 35,818 35,279 Tax liabilities 2,004 1,596 1,260 Other liabilities 16,432 15,997 15,967 Short-term borrowings 6,440 4,993 8,783 Short-term lease liabilities 1,200 1,176 1,110 Derivatives 354 314 359 Other short-term provisions 3,392 3,004 2,882 Liabilities related to assets held for sale 219 73 – Total current liabilities 68,339 62,971 65,640 Total equity and liabilities 125,446 115,998 114,626 Change in consolidated equity SEKM Nine months 2026 Nine months 2025 Full year 2025 Opening balance 8,706 9,723 9,723 Total comprehensive income for the period 275 -1,280 -1,100 Share-based payments 116 77 83 Rights issue, net 8,897 – – Dividend to equity holders of the Parent Company – – – Dividend to non-controlling interests -0 -0 -0 Change in non-controlling interest 413 0 0 Total transactions with equity holders 9,427 77 83 Closing balance 18,408 8,519 8,706 17 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 18
Consolidated cash flow statement SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Operations Operating income 607 890 -665 2,140 3,657 Depreciation and amortization 1,416 1,402 4,176 4,270 5,687 Other non-cash items -260 -104 1,662 -359 -835 Financial items paid, net¹ -604 -494 -1,455 -1,157 -1,808 Taxes paid -382 -252 -846 -964 -1,650 Cash flow from operations, excluding change in operating assets and liabilities 776 1,441 2,872 3,930 5,051 Change in operating assets and liabilities Change in inventories -175 -340 -1,941 -4,169 -1,228 Change in trade receivables -108 -759 -572 1,686 936 Change in accounts payable 1,280 -133 422 -1,989 -1,782 Change in other operating assets, liabilities and provisions 1,621 518 -658 -2,876 -1,799 Cash flow from change in operating assets and liabilities 2,619 -714 -2,750 -7,349 -3,873 Cash flow from operations 3,395 727 123 -3,419 1,177 Investments Divestments and partnership transactions 261 – 261 -6 -6 Capital expenditure in property, plant and equipment -679 -579 -1,477 -1,630 -2,311 Capital expenditure in product development -45 -100 -155 -315 -412 Capital expenditure in software and other intangibles -90 -147 -240 -416 -635 Other 41 -24 96 435 678 Cash flow from investments -512 -849 -1,515 -1,932 -2,685 Cash flow from operations and investments 2,882 -122 -1,392 -5,351 -1,508 Financing Change in short-term investments 2,723 – -648 4 5 Change in short-term borrowings -526 362 -742 384 592 New long-term borrowings 5 2,627 281 5,175 7,355 Amortization of long-term borrowings -5,393 -1,088 -5,449 -2,901 -4,874 Payment of lease liabilities -286 -270 -835 -838 -1,135 Rights issue -47 – 8,854 – – Dividend – – – 12 12 Share-based payments -5 – -5 0 – Cash flow from financing -3,529 1,631 1,456 1,836 1,956 Total cash flow -647 1,509 64 -3,514 448 Cash and cash equivalents at beginning of period 16,808 10,519 15,658 16,171 16,171 Exchange-rate differences referring to cash and cash equivalents 218 -32 658 -662 -962 Cash and cash equivalents at end of period 16,380 11,995 16,380 11,995 15,658 1 For the period January 1 to September 30 , 2026 : interest and similar items received SEK 261m (210), interest and similar items paid SEK -1,616 m (-1,293 ) and other financial items received/paid SEK -100 m (-74). 18 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 19
Key ratios SEKM unless otherwise stated Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Net sales 33,919 32,318 95,031 96,170 131,282 Sales growth, adjusted for currency translation effects, % 3.5 3.6 1.7 3.7 3.0 Organic sales growth, % 3.5 4.6 1.7 4.7 3.9 EBITA 964 1,206 373 3,090 4,950 EBITA margin, % 2.8 3.7 0.4 3.2 3.8 Operating income 607 890 -665 2,140 3,657 Operating margin, % 1.8 2.8 -0.7 2.2 2.8 Operating income excl. non-recurring items 912 890 2,311 2,140 3,657 Operating margin excl. non-recurring items, %¹ 2.7 2.8 2.4 2.2 2.8 Income after financial items 208 380 -1,997 812 1,815 Income for the period -340 192 -2,451 412 878 Capital expenditure property, plant and equipment -679 -579 -1,477 -1,630 -2,311 Operating cash flow after investments 3,608 624 648 -3,224 1,955 E a r n i n g s p e r s h a r e , S E K ² ˒ ³ -0.46 0.39 -4.16 0.84 1.79 Equity per share, SEK 22.67 31.49 22.67 31.49 32.18 Capital turnover rate, times/year – – 3.2 3.3 3.4 Return on net assets, % – – -2.2 7.2 9.4 Return on equity, % – – -24.3 6.3 10.1 Net debt 20,773 32,563 20,773 32,563 28,176 Net debt/EBITDA – – 2.2 3.5 3.0 Net debt/equity ratio 1.13 3.82 1.13 3.82 3.24 Average number of employees, full-time equivalents⁴ 38,701 40,519 39,524 40,447 40,457 Average number of shares excluding shares owned by AB Electrolux, million³ 735.2 491.7 589.1 491.4 491.5 ¹ 2026 includes non-recurring items, see page 21. For more information regarding non-recurring items in previous years, see page 26. 2 Basic. 3 Earnings per share for prior periods has been restated through changing the number of shares to reflect the rights issue completed in June 2026. 4 Average number of employees for 2025 has been restated for comparability. For definitions, see page 27-28. Exchange rates SEK Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Exchange rate Average End of period Average End of period Average End of period ARS 0.0065 0.0066 0.0086 0.0069 0.0081 0.0063 AUD 6.58 6.95 6.39 6.23 6.34 6.17 BRL 1.82 1.93 1.76 1.77 1.76 1.67 CAD 6.78 7.04 7.13 6.76 7.04 6.72 CHF 11.80 11.96 11.85 11.81 11.82 11.64 CLP 0.0103 0.0103 0.0104 0.0098 0.0104 0.0101 CNY 1.38 1.49 1.39 1.32 1.37 1.32 EUR 10.91 11.33 11.13 11.06 11.07 10.82 GBP 12.62 13.26 13.13 12.66 12.97 12.42 HUF 0.0295 0.0309 0.0277 0.0283 0.0278 0.0280 MXN 0.5361 0.5505 0.5127 0.5135 0.5128 0.5122 THB 0.2889 0.2973 0.3015 0.2903 0.2996 0.2929 USD 9.40 9.98 10.02 9.42 9.87 9.20 19 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 20
Net sales and operating income by region SEKM Q1 2026 Q2 2026 Q3 2026 Q4 2026 Full year 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Full year 2025 EMEA APAC Net sales 13,823 13,633 14,176 14,115 13,139 13,682 16,199 57,135 Sales growth, adjusted for currency translation effects, % 3.6 4.5 2.8 -0.8 -2.7 -0.5 2.3 -0.3 EBITA 741 91 710 583 533 673 1,195 2,984 EBITA margin, % 5.4 0.7 5.0 4.1 4.1 4.9 7.4 5.2 Operating income 572 -89 527 425 383 522 1,023 2,353 Operating margin, % 4.1 -0.7 3.7 3.0 2.9 3.8 6.3 4.1 North America Net sales 8,701 10,427 12,033 11,454 11,198 11,782 10,690 45,124 Sales growth, adjusted for currency translation effects, % -11.6 -2.9 2.4 12.2 4.1 10.9 -1.7 6.1 EBITA -802 -1,225 -171 -276 123 96 -244 -300 EBITA margin, % -9.2 -11.8 -1.4 -2.4 1.1 0.8 -2.3 -0.7 Operating income -868 -1,297 -244 -337 57 25 -312 -567 Operating margin, % -10.0 -12.4 -2.0 -2.9 0.5 0.2 -2.9 -1.3 Latin America Net sales 7,019 7,509 7,710 7,006 6,939 6,854 8,223 29,023 Sales growth, adjusted for currency translation effects, % 8.0 4.5 6.6 16.3 2.6 0.3 4.1 5.2 EBITA 141 528 487 489 506 445 997 2,436 EBITA margin, % 2.0 7.0 6.3 7.0 7.3 6.5 12.1 8.4 Operating income 88 475 433 436 453 392 945 2,226 Operating margin, % 1.3 6.3 5.6 6.2 6.5 5.7 11.5 7.7 Group common costs, etc.: operating income -58 -95 -109 -72 -95 -50 -139 -355 Total Group Net sales 29,543 31,569 33,919 32,576 31,276 32,318 35,112 131,282 Sales growth, adjusted for currency translation effects, % -0.5 2.0 3.5 7.0 0.9 3.6 1.4 3.0 EBITA 83 -674 964 774 1,111 1,206 1,859 4,950 EBITA margin, % 0.3 -2.1 2.8 2.4 3.6 3.7 5.3 3.8 Operating income -266 -1,005 607 452 797 890 1,517 3,657 Operating margin, % -0.9 -3.2 1.8 1.4 2.5 2.8 4.3 2.8 Income for the period -470 -1,641 -340 42 178 192 466 878 Earnings per share, SEK¹ -0.96 -3.16 -0.46 0.09 0.36 0.39 0.95 1.79 1 Basic. Earnings per share for prior periods has been restated through changing the number of shares to reflect the rights issue completed in June 2026. 20 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 21
Non-recurring items by region SEKM Q1 2026¹ Q2 2026² Q3 2026³ Q4 2026 Full year 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Full year 2025 EMEA APAC – -623 – – – – – – North America – -1,484 -154 – – – – – Latin America -463 -101 -151 – – – – – Group common costs, etc. – – – – – – – – Total Group -463 -2,208 -305 – – – – – ¹ The non-recurring item of SEK -463m in the first quarter of 2026 refers to Latin America and the restructuring charge related mainly to the discontinuation of production at the factory in Santiago, Chile, and downsizing measures in Argentina. The cost is included in Cost of goods sold. 2 The second quarter 2026 included previously announced negative non-recurring items, of which SEK -1,933m refers to the strategic partnership with Midea Group in North America, announced on April 23; a positive USD 49m (SEK 450m) refers to claims for refunds of U.S. IEEPA tariffs related to 2025; global organisation and footprint optimization incurred a restructuring charge of SEK -623m in EMEA APAC related to the closure of the factory in Jászberény, Hungary; and SEK -101m refers to Latin America and downsizing measures in Argentina. 3 The third quarter 2026 included negative NRIs of SEK -305m, of which SEK -154m related to previously announced strategic partnership with Midea Group in North America, announced on April 23; and SEK -151m refers to Latin America and the closure of the factory in Rosario, Argentina. Operating income excluding non-recurring items (NRI) SEKM Q1 2026 Q2 2026 Q3 2026 Q4 2026 Full year 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Full year 2025 EMEA APAC Operating income excl. NRI 572 534 527 425 383 522 1,023 2,353 Operating margin excl. NRI, % 4.1 3.9 3.7 3.0 2.9 3.8 6.3 4.1 North America Operating income excl. NRI -868 187 -90 -337 57 25 -312 -567 Operating margin excl. NRI, % -10.0 1.8 -0.7 -2.9 0.5 0.2 -2.9 -1.3 Latin America Operating income excl. NRI 552 576 584 436 453 392 945 2,226 Operating margin excl. NRI, % 7.9 7.7 7.6 6.2 6.5 5.7 11.5 7.7 Group common costs, etc. Operating income excl. NRI -58 -95 -109 -72 -95 -50 -139 -355 Total Group Operating income excl. NRI 198 1,202 912 452 797 890 1,517 3,657 Operating margin excl. NRI, % 0.7 3.8 2.7 1.4 2.5 2.8 4.3 2.8 Change in operating income by region, SEKM Year–over–year, SEKM Q 3 2 0 2 6 Q 3 2 0 2 6 currency adjusted Nine months 2026 Nine months 2026 currency adjusted EMEA APAC 5 7 -320 -271 North America -269 -238 -2,154 -2,196 Latin America 41 -16 -285 -282 Group common costs, etc. -59 -52 -45 -45 Total change Group -283 -299 -2,804 -2,794 21 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 22
Working capital and net assets SEKM Sep. 30, 2026 %1 Sep. 30, 2025 %1 Dec. 31, 2025 % 1 Inventories 23,334 17.6 23,327 18.8 19,979 16.0 Trade receivables 23,301 17.5 21,245 17.1 21,392 17.1 Accounts payable -38,297 -28.8 -35,818 -28.8 -35,279 -28.2 Operating working capital 8,337 6.3 8,754 7.0 6,092 4.9 Provisions -8,542 -7,198 -6,965 Prepaid and accrued income and expenses -11,388 -10,948 -11,014 Taxes and other assets and liabilities 1,155 -89 -209 Working capital -10,438 -7.9 -9,482 -7.6 -12,096 -9.7 Property, plant and equipment, owned 23,004 25,940 25,161 Property, plant and equipment, right-of-use 3,307 3,521 3,297 Goodwill 5,129 4,806 4,764 Other non-current assets 7,510 7,644 7,615 Deferred tax assets and liabilities 9,462 8,440 7,968 Net assets 37,974 28.6 40,870 32.9 36,709 29.3 Annualized net sales, calculated at end of period exchange rates 132,874 124,173 125,188 Average net assets 39,811 31.4 39,426 30.7 38,882 29.6 Annualized net sales, calculated at average exchange rates 126,709 128,227 131,282 ¹ Of annualized net sales. Net assets by region Assets Equity and liabilities Net assets SEKM Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 EMEA APAC 42,251 41,078 39,371 30,145 28,537 28,976 12,106 12,541 10,396 North America 20,899 25,487 22,554 15,372 15,404 14,203 5,527 10,083 8,351 Latin America 25,552 20,362 20,050 15,499 12,206 11,956 10,053 8,156 8,094 Other¹ 15,270 14,862 14,702 4,981 4,773 4,833 10,288 10,089 9,868 Total operating assets and liabilities 103,972 101,790 96,678 65,998 60,920 59,969 37,974 40,870 36,709 Liquid funds 17,364 12,383 15,895 Assets held for sale 1,425 284 173 219 73 – Total borrowings 35,648 40,673 40,488 Lease liabilities 3,697 3,898 3,662 Pension assets and liabilities 2,684 1,541 1,880 1,476 1,916 1,801 Total equity 18,408 8,519 8,706 Total 125,446 115,998 114,626 125,446 115,998 114,626 ¹ Includes Group common functions and tax items. 22 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 23
Parent Company income statement SEKM Q 3 2 0 2 6 Q 3 2 0 2 5 Nine months 2026 Nine months 2025 Full year 2025 Net sales 10,108 9,547 29,722 28,785 39,878 Cost of goods sold -8,452 -8,272 -25,551 -25,220 -34,919 Gross operating income 1,656 1,275 4,171 3,565 4,959 Selling expenses -1,198 -1,138 -3,480 -3,314 -4,454 Administrative expenses -156 -152 -810 -732 -904 Other operating expenses – -217 – -222 -992 Operating income 302 -232 -119 -703 -1,391 Financial income 1,245 1,918 2,469 3,343 5,305 Financial expenses -713 -542 -1,975 -1,750 -2,398 Financial items, net 532 1,376 494 1,593 2,907 Income after financial items 834 1,144 375 890 1,516 Appropriations 55 72 131 132 197 Income before taxes 889 1,216 506 1,022 1,713 Taxes -90 -28 77 114 -114 Income for the period 799 1,188 583 1,136 1,599 Parent Company balance sheet SEKM Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Assets Non–current assets 50,375 47,719 48,572 Current assets 32,406 29,642 29,236 Total assets 82,781 77,361 77,808 Equity and liabilities Restricted equity 9,663 6,888 6,845 Non–restricted equity 15,391 8,248 8,841 Total equity 25,054 15,136 15,686 Untaxed reserves 360 425 386 Provisions 1,703 1,916 1,725 Non–current liabilities 31,828 35,027 31,142 Current liabilities 23,836 24,857 28,869 Total equity and liabilities 82,781 77,361 77,808 Shares Number of shares A-shares B-shares Shares total Shares held by AB Electrolux Shares held by other shareholders Number of shares as of January 1, 2026 8,191,804 274,885,589 283,077,393 12,581,075 270,496,318 Change during the period 13,922,854 527,069,782 540,992,636 -571,611 541,564,247 Number of shares as of September 30, 2026 22,114,658 801,955,371 824,070,029 12,009,464 812,060,565 As % of total number of shares 1.5 % 23 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 24
Notes Note 1 Accounting principles Electrolux Group applies International Financial Reporting Standards (IFRS) as adopted by the European Union. This report has been prepared in accordance with IAS 34, Interim Financial Reporting, the Swedish Annual Accounts Act and RFR 2 ‘Accounting for legal entities’ issued by the Swedish Corporate Reporting Board. Electrolux Group's interim reports contain a condensed set of financial statements. For the Group this chiefly means that the disclosures are limited compared to the consolidated financial statements presented in the annual report. For the Parent Company, this means that the financial statements in general are presented in condensed versions and with limited disclosures compared to the annual report. The accounting policies applied are consistent with those applied in the preparation of the Group’s Annual Report 2025, except for the adoption of standard amendments effective as of January 1, 2026. These changes have not had any material impact on the financial statements. IFRS 18 Presentation and Disclosure in Financial Statements IFRS 18 Presentation and Disclosures in Financial Statements is a new standard from IASB which is applicable from January 1, 2027. The new standard will replace IAS 1 Presentation of Financial Statements and introduces new requirements on presentation and disclosures in financial statements. The purpose of the standard is to improve comparability, consistency and faithful representation of assets, liabilities, equity, income, and expenses. IFRS 18 will not impact the recognition or measurement of items in the financial statements but will have a noticeable impact on presentation and disclosures. The main change relates to the income statement where income and expenses will be grouped into three new categories in the statement of profit and loss: operating, investing and financing, also introducing new mandatory subtotals. IFRS 18 is effective for annual periods beginning on or after January 1, 2027, and The Group will apply the new standard as from the effective date. The standard requires retrospective application, meaning that comparative information for the financial year ending December 31, 2026, will be restated for the new requirements on presentation and disclosures. The most notable effects will come from the new structure of the statement of profit or loss, with the introduction of new subtotals and foreign exchange effects being classified differently between the new categories in the statement of profit or loss. The implementation work is still ongoing and the final impact on the financial statements from the transition to IFRS 18 is yet to be concluded by the Group. Since the application of IFRS 18 has no effect on the measurement of items presented in the financial statements there will be no effect on retained earnings at transition date. Note 2 Disaggregation of revenue Electrolux Group manufactures and sells appliances mainly in the wholesale market to customers being retailers. Electrolux Group's products include refrigerators, freezers, dishwashers, washing machines, dryers, cookers, microwave ovens, vacuum cleaners, air conditioners and small domestic appliances. Electrolux Group has three regions with focus on the consumer market. Sales of products are revenue recognized at a point in time when control of the products has transferred. Revenue from services related to installation of products, repairs or maintenance service is recognized when control is transferred being over the time the service is provided. Sales of services are not material in relation to Electrolux Group's total net sales. Geography and product category are considered important attributes when disaggregating Electrolux Group's revenue. The three regions, also being the Group’s segments, are based on geography: EMEA APAC; North America and Latin America. For region information, see pages 7-9. In addition, the table below presents net sales by product area Taste (cooking, refrigeration and freezer appliances), Care (dish and laundry appliances) and Wellbeing (e.g., air conditioners, cleaning appliances and small domestic appliances). Products within all product areas are sold in each of the reportable segments, i.e., the regions, as presented in the graph below. Revenue per product area Region revenue per product area SEKM Nine months 2026 Nine months 2025 Product areas Taste 58,350 59,912 Care 29,151 28,666 Wellbeing 7,530 7,592 Total 95,031 96,170 EMEA APAC North America Latin America Taste Care Wellbeing 09M-26 09M-25 09M-26 09M-25 09M-26 09M-25 0% 20% 40% 60% 80% 100% 24 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 25
Note 3 Fair values and carrying amounts of financial assets and liabilities Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 SEKM Fair value Carrying amount Fair value Carrying amount Fair value Carrying amount Per category Financial assets at fair value through profit and loss 240 240 232 232 230 230 Financial assets measured at amortized cost 40,322 40,322 33,240 33,240 37,050 37,050 Derivatives, financial assets at fair value through profit and loss 117 117 201 201 42 42 Derivatives, hedge accounting 136 136 35 35 59 59 Total financial assets 40,815 40,815 33,708 33,708 37,381 37,381 Financial liabilities measured at amortized cost 73,298 73,362 76,123 75,753 75,531 75,116 Derivatives, financial liabilities at fair value through profit and loss 358 358 311 311 358 358 Derivatives, hedge accounting -4 -4 3 3 1 1 Total financial liabilities 73,652 73,716 76,437 76,067 75,890 75,475 Electrolux Group strives for arranging master netting agreements (ISDA) with the counterparts for derivative transactions and has established such agreements with the majority of the counterparties, i.e., if a counterparty will default, assets and liabilities will be netted. Derivatives are presented gross in the balance sheet. Fair value estimation Valuation of financial instruments at fair value is done at the most accurate market prices available. Instruments which are quoted on the market, e.g., the major bond and interest-rate future markets, are all marked-to-market with the current price. The foreign exchange spot rate is used to convert the value into SEK. For instruments where no reliable price is available on the market, cash flows are discounted using the deposit/swap curve of the cash flow currency. If no proper cash flow schedule is available, e.g., as in the case with forward-rate agreements, the underlying schedule is used for valuation purposes. To the extent option instruments are used, the valuation is based on the Black & Scholes’ formula. The carrying value less impairment provision of trade receivables and payables are assumed to approximate their fair values. The fair value of financial liabilities is estimated by discounting the future contractual cash flows at the current market interest rate for similar financial instruments. The Group’s financial assets and liabilities are measured at fair value according to the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities. On S e p t e m b e r 3 0 , 2 0 2 6, the fair value for Level 1 financial assets was SEK 170m (163) and for financial liabilities SEK 0m (0). Level 2: Inputs other than quoted prices included in Level 1 that are observable for assets or liabilities either directly or indirectly. On S e p t e m b e r 3 0 , 2 0 2 6, the fair value of Level 2 financial assets was SEK 253m (236) and financial liabilities SEK 354m (314). Level 3: Inputs for the assets or liabilities that are not entirely based on observable market data. On S e p t e m b e r 3 0 , 2 0 2 6, the fair value of Level 3 financial assets was SEK 70m (69) and financial liabilities SEK 0m (0). Note 4 Pledged assets and contingent assets and liabilities SEKM Sep. 30, 2026 Sep. 30, 2025 Dec. 31, 2025 Group Pledged assets – – – Guarantees and other commitments 1,332 1,277 1,254 Parent Company Pledged assets – – – Guarantees and other commitments 1,099 1,049 1,030 For more information on these matters and other contingent liabilities, see Note 25 in the Annual Report 2025. Note 5 Acquisitions and divestments There were no acquisitions completed during the period January - September 2026. On September 1, 2026, 45% of the shares in the company holding the Anderson manufacturing facilities was sold to Midea Group. The consideration amounted to USD 43.1m with a cash impact in the third quarter of SEK 261m with a deferred consideration of USD 15.4m. The divestment of the water heater business in South Africa was completed in December 2024, with a final adjustment of SEK -6m in June 2025. 25 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 26
Operations by region yearly SEKM 2021 2022 2023 2024 2025 EMEA APAC Net sales 65,204 63,557 60,458 59,795 57,135 Operating income 5,514 1,991 -1,141 1,332 2,353 Operating margin, % 8.5 3.1 -1.9 2.2 4.1 North America Net sales 40,468 47,021 45,072 45,581 45,124 Operating income 688 -2,394 -2,341 -1,776 -567 Operating margin, % 1.7 -5.1 -5.2 -3.9 -1.3 Latin America Net sales 19,958 24,303 28,920 30,775 29,023 Operating income 1,336 1,058 1,624 2,202 2,226 Operating margin, % 6.7 4.4 5.6 7.2 7.7 Other Group common costs, etc. -737 -870 -1,129 -658 -355 Total Group Net sales 125,631 134,880 134,451 136,150 131,282 Operating income 6,801 -215 -2,988 1,100 3,657 Operating margin, % 5.4 -0.2 -2.2 0.8 2.8 Non-recurring items in operating income¹ 2021² 2022³ 2023⁴ 2024⁵ 2025 EMEA APAC – -840 -3,028 -566 – North America -727 241 148 – – Latin America – -80 -51 – – Group common costs, etc. – -367 -470 – – Total Group -727 -1,046 -3,401 -566 – ¹ For more information, see Note 7 in the annual reports. ² Non-recurring item of SEK -727m in the fourth quarter of 2021 refers to region North America and arbitration in U.S. tariff case on washing machines imported into the U.S. from Mexico in 2016/2017. 3 Non-recurring items of SEK -1,046m in 2022 whereof SEK 656m refers to a settlement regarding the arbitration in a U.S. tariff case, SEK -350m to a loss from the exit from the Russian market, SEK -1,536m to restructuring charges across regions and Group common costs for the Group-wide cost reduction and North America turnaround program, SEK 394m to the divestment of the office facility in Zürich, Switzerland, and SEK -210m to the termination of a U.S pension plan, transferred to a third party. 4 Non-recurring items of SEK -3,401m in 2023 whereof SEK -561m refers to a restructuring charge related to the discontinuation of production at the Nyíregyháza factory in Hungary, SEK-643m refers to a provision mainly related to a French antitrust case, SEK 294m to the gain from the divestment of the Nyíregyháza factory, SEK -2,548m to a restructuring charge for the expanded Group-wide cost reduction and North America turnaround program, SEK 262m to a capital gain from the divestment of the factory in Memphis, U.S., and SEK -205m to impairment of assets driven by the formation of the new region EMEA APAC. 5 Non-recurring item of SEK -566m in 2024 refers to region EMEA APAC and the divestment of the water heater business in South Africa. 26 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 27
Five-year review Total Group 2021 - 2025 SEKM unless otherwise stated 2021 2022 2023 2024 2025 Net sales 125,631 134,880 134,451 136,150 131,282 Sales growth, adjusted for currency translation effects, % 14.3 -3.6 -4.3 5.0 3.0 Organic sales growth, % 14.2 -2.8 -4.0 5.1 3.9 Operating income 6,801 -215 -2,988 1,100 3,657 Operating margin, % 5.4 -0.2 -2.2 0.8 2.8 Income after financial items 6,255 -1,672 -5,111 -847 1,815 Income for the period 4,678 -1,320 -5,227 -1,394 878 Non-recurring items in operating income¹ -727 -1,046 -3,401 -566 – Capital expenditure, property, plant and equipment -4,847 -5,649 -4,069 -3,450 -2,311 Operating cash flow after investments 3,200 -6,118 3,064 2,254 1,955 E a r n i n g s p e r s h a r e , S E K ² ˒ ³ 8.97 -2.64 -10.65 -2.84 1.79 Equity per share, SEK 65.74 60.92 41.75 36.01 32.18 Dividend per share, SEK 9.20 – – – – Capital-turnover rate, times/year 5.3 3.7 3.1 3.5 3.4 Return on net assets, % 28.5 -0.6 -6.9 2.8 9.4 Return on equity, % 24.4 -7.0 -33.7 -13.6 10.1 Net debt 8,591 23,848 26,226 27,853 28,176 Net debt/EBITDA 0.7 3.8 3.9 3.4 3.0 Net debt/equity ratio 0.46 1.45 2.33 2.86 3.24 Average number of shares excluding shares owned by AB Electrolux, million³ 521.4 499.2 490.8 490.8 491.5 Average number of employees⁴ 51,590 50,769 45,452 40,787 40,457 ¹ For more information, see table on page 21 and Note 7 in the annual reports. 2 Basic. ³ Earnings per share for prior periods has been restated through changing the number of shares to reflect the rights issue completed in June 2026. 4 Average number of employees for 2025 has been restated for comparability. _____________________________________________________________________ Definitions and reconciliations of alternative performance measures This report includes financial measures as required by the financial reporting framework applicable to Electrolux Group, which is based on IFRS. In addition, Electrolux Group presents certain measures that are not defined under IFRS (alternative performance measures – ”APMs”). These are used by management to assess the financial and operational performance of the Group. Management believes that these APMs provide useful information regarding the Group’s financial and operating performance. Such measures may not be comparable to similar measures presented by other companies. Consequently, APMs have limitations as analytical tools and should not be considered in isolation or as a substitute for related financial measures prepared in accordance to IFRS. The APMs have been derived from the Group’s internal reporting and are not audited. The APM reconciliations can be found on the Group’s website electroluxgroup.com/ir/definitions Computation of average amounts and annualized income statement measures In computation of key ratios where averages of capital balances are related to income statement measures, the average capital balances are based on the opening balance and all quarter-end closing balances included in the reporting period, and the income statement measures are annualized, translated at average rates for the period. In computation of key ratios where end-of-period capital balances are related to income statement measures, the latter are annualized, translated at end-of-period exchange rates. Adjustments are made for acquired and divested operations. 27 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 28
Definitions and reconciliations of alternative performance measures (continued) Growth measures Change in net sales Current year net sales for the period less previous year net sales for the period as a percentage of previous year net sales for the period. Sales growth Change in net sales adjusted for currency translation effects. Organic sales growth Change in net sales, adjusted for currency translation effects, acquisitions and divestments. Acquisitions Change in net sales, adjusted for organic sales growth, currency translation effects and divestments. The impact from acquisitions relates to net sales reported by acquired operations within 12 months after the acquisition date. Divestments Change in net sales, adjusted for organic sales growth, currency translation effects and acquisitions. The impact from divestments relates to net sales reported by the divested operations within 12 months before the divestment date. Profitability measures EBITA Operating income excluding amortization of intangible assets. EBITA margin EBITA expressed as a percentage of net sales. EBITDA Operating income excluding depreciation and amortization. Operating income excluding non-recurring items Operating income adjusted for non-recurring items. Operating margin (EBIT margin) Operating income (EBIT) expressed as a percentage of net sales. Operating margin (EBIT margin) excluding non-recurring items Operating income (EBIT) excluding non-recurring items, expressed as a percentage of net sales. Return on net assets Operating income (annualized) expressed as a percentage of average net assets. Return on equity Income for the period (annualized) expressed as a percentage of average total equity. Capital measures Net debt/equity ratio Net debt in relation to total equity. Net debt/EBITDA Net debt at end-of-period in relation to 12-months rolling EBITDA, excluding non-recurring items. Equity/assets ratio Total equity as a percentage of total assets less liquid funds. Capital turnover-rate Net sales (annualized) divided by average net assets. Share-based measures Earnings per share, Basic Income for the period attributable to equity holders of the Parent Company divided by the average number of shares excluding shares held by AB Electrolux. Earnings per share, Diluted Income for the period attributable to equity holders of the Parent Company divided by the average number of shares after dilution, excluding shares held by AB Electrolux. Equity per share Total equity divided by total number of shares excluding shares held by AB Electrolux. Capital indicators Liquid funds Cash and cash equivalents, short-term investments, financial derivative assets1 and prepaid interest expenses and accrued interest income1. Operating working capital Inventories and trade receivables less accounts payable. Working capital Total current assets exclusive of liquid funds and assets held for sale, less total current liabilities exclusive of total short-term borrowings, short-term lease liabilities and liabilities related to assets held for sale, less other long-term provisions. Net assets Total assets exclusive of liquid funds, pension plan assets, long-term financial receivables, and assets held for sale, less deferred tax liabilities, other long-term provisions and total current liabilities exclusive of liabilities related to assets held for sale, total short- term borrowings and short-term lease liabilities. Total borrowings Long-term borrowings and short-term borrowings, financial derivative liabilities1, accrued interest expenses and prepaid interest income1. Total short-term borrowings Short-term borrowings, financial derivative liabilities1, accrued interest expenses and prepaid interest income1. Interest-bearing liabilities Long-term borrowings and short-term borrowings exclusive of liabilities related to trade receivables with recourse1. Financial net debt Total borrowings less liquid funds. Net provision for post-employment benefits Provisions for post-employment benefits less pension plan assets. Net debt Financial net debt, lease liabilities and net provision for post- employment benefits. Other measures Annualized Net Sales (Net Sales for the period year-to-date/Number of months) x 12. Operating cash flow Operating income adjusted for depreciation, amortization and other non-cash items plus/minus change in operating assets and liabilities. Operating cash flow after investments Cash flow from operations and investments adjusted for financial items paid, taxes paid and acquisitions/divestments of operations. Operating cash flow after structural changes Operating cash flow adjusted for structural changes. Cash flow excluding change in loans and short-term investments for the period Cash flow adjusted for change in loans and short-term investments for the period. Non-recurring items Material profit or loss items in operating income which are relevant for understanding the financial performance when comparing income for the current period with previous periods. 1 See table Net debt on page 12. 28 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 29
Shareholders’ information President and CEO Yannick Fierling's comments on the third quarter results 2026 Webcast and telephone conference 09.00 CEST A video webcast and simultaneous telephone conference is held at 09.00 CEST today, October 23. Yannick Fierling, President and CEO, and Therese Friberg, CFO, will comment on the report. If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions. Financial calendar Year-end report 2026 January 29, 2027 Annual General Meeting 2027 March 24, 2027 Interim report January-March April 29, 2027 Interim report January-June July 20, 2027 Interim report January-September October 29, 2027 https://edge.media-server.com/mmc/p/pb2vmwpk If you wish to participate via telephone conference, please register on the link below. After registration, you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference. https://register-conf.media-server.com/register/BI00fde9a3778945cbb8a8c2c1c778f2cb The press release and presentation material is available for download on the Investor Relations section on electroluxgroup.com. For further information, please contact: Ann-Sofi Jönsson, Head of Investor Relations and Sustainability Reporting Email: ann-sofi.jonsson@electrolux.com Phone: +46 73 025 10 05 M a r i a Å k e r h i e l m , I n v e s t o r R e l a t i o n s M a n a g e r Email: maria.akerhielm@electrolux.com Phone: +46 70 796 38 56 Henry Sjölin, Investor Relations Manager Email: henry.sjolin@electrolux.com Phone: +46 76 863 51 85 This disclosure contains information that Electrolux Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact persons, on 23-10-2026 07:00 CEST. This report contains ‘forward-looking’ statements that reflect the company’s current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations prove to have been correct as they are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors. These factors include, but are not limited to, changes in consumer demand, changes in economic, market and competitive conditions, supply and production constraints, currency fluctuations, developments in product liability litigation, changes in the regulatory environment and other government actions. Forward-looking statements speak only as of the date they were made, and, other than as required by applicable law, the company undertakes no obligation to update any of them considering new information or future events. AB Electrolux (publ), 556009-4178 Postal address: SE-105 45 Stockholm, Sweden Visiting address: S:t Göransgatan 143, Stockholm T e l e p h o n e : + 4 6 ( 0 ) 8 7 3 8 6 0 0 0 Website: electroluxgroup.com 29 | AB ELECTROLUX INTERIM REPORT Q 3 2 0 2 6
Page 30
Shape living for the better Electrolux Group is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and o p e r a t i o n s . U n d e r o u r g r o u p o f l e a d i n g a p p l i a n c e b r a n d s , i n c l u d i n g Electrolux, AEG and Frigidaire, we sell household products in around 120 markets. In 2025 Electrolux Group had sales of SEK 131 billion and employed 40,000 people around the world. For more information go to www.electroluxgroup.com