Interim report
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EXSITEC HOLDING AB www.exsitec.se 1 Quarterly Report Growth and restructuring for more efficient Nordic operations July - September 2026 Key figures • Net Sales: SEK 231 million (188), representing a total growth of 23% (3% organic growth) • LTM Recurring Software Revenue: SEK 270 million (217) • Adjusted EBITA: SEK 30 million (25) • Adjusted EBITA Margin: 12.9% (13.5%) • Average Number of Employees: 660 (596) • Earnings Per Share: SEK -0.99 (0.74) • Net Sales: SEK 723 million (656), representing a total growth of 10% (4% organic growth) • Adjusted EBITA: SEK 128 million (115) • Adjusted EBITA Margin: 17.8% (17.6%) • Average Number of Employees: 610 (599) • Earnings Per Share: SEK 2.82 (4.51) • The Nomination Committee for the 2027 Annual General Meeting has been constituted • The outcome regarding the subscription of new shares under Exsitec’s long-term performance-based incentive program 2023 (LTI 2023) has been announced No significant events have occurred after the end of the period. Summary January – September 2026 Significant eventsSummary July – September 2026 Financial overview Amounts in MSEK Jul-Sep 2026 Jul-Sep 2025 Change Jan-Sep 2026 Jan-Sep 2025 Change LTM Jan-Dec 2025 Net Sales * 231 188 23% 723 656 10% 963 895 Recurring software revenue 79 55 44% 208 163 28% 270 225 EBITA 3 25 -88% 93 115 -19% 136 158 Adjusted EBITA ** 30 25 18% 128 115 11% 171 158 EBITA % 1.4% 13.5% 12.9% 17.6% 14.1% 17.7% Adjusted EBITA % 12.9% 13.5% 17.8% 17.6% 17.8% 17.7% Operating profit -8 17 -149% 64 90 -28% 98 124 Profit for the period -13 10 -233% 38 61 -37% 63 86 Earnings per share before dilution, SEK -0.99 0.74 -233% 2.83 4.51 -37% 4.70 6.39 Earnings per share after dilution, SEK -0.99 0.74 -233% 2.82 4.51 -37% 4.70 6.39 Average number of employees 660 596 11% 610 599 2% 615 604 Cash flow from operating activities 15 17 -9% 102 102 0% 153 153 * Net sales for the period July-September 2026 included divested operations of 0.0 (5.6) MSEK and for the period January-September 2026 of 2.2 (21.6) MSEK. ** Adjusted for one-off restructuring costs totaling 26.7 MSEK for the period July-September 2026. For the period January-September 2026, adjustments for one-off items regarding restructuring, acquisition-related costs, and capital gains from divested operations amount to a total of 35.4 MSEK; see further information on page 5 and in notes 4 and 5.
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We delivered a third quarter with growth and improved adjusted EBITA compared to the previous year. Net sales amounted to SEK 231 million and adjusted EBITA to SEK 30 million, corresponding to a margin of 12.9%. Growth compared to Q3 2025 was 23%, mainly driven by the acquisition of Amesto Solutions. Organic growth amounted to 3%, or 2% in local currencies. The integration of Amesto Solutions is progressing according to plan, and the acquired operations are gradually being incorporated into our existing organization. During the quarter, we carried out a group-wide restructuring across all three segments to streamline the organization and realize cost synergies in personnel, premises, and other operating expenses. Over the course of the process, we have identified additional savings compared with what we initially estimated. Annual net savings for the entire group are estimated at approximately SEK 35 million, with full effect from the first quarter of 2027. We estimate that the impact on revenues is limited. We have completed the restructuring, which incurred one-off costs of SEK 26.7 million that impacted the quarter’s results and were excluded from adjusted EBITA. The market situation continues to improve gradually, although developments vary across our markets, with Sweden developing somewhat stronger than other countries. Demand from existing customers remains good, and new sales are developing positively. Order intake increased by 23% compared to the corresponding quarter last year, which bodes well for the future as we can help even more customers with business-critical solutions. Growth and more efficient Nordic operations. Growth and restructuring for more efficient Nordic operations Our recurring software net revenues are developing well and amounted to SEK 270 million on an LTM basis, an increase of 24% compared to the previous year, with organic growth amounting to 14%. Recurring revenues are an important part of our business model and contribute to a stable and predictable revenue base. Consulting revenues during the quarter amounted to SEK 122 million, an increase of 15% compared to the previous year, with the acquisition of Amesto Solutions contributing to the increase. Demand for consulting services is developing positively in Sweden. The increased delivery capacity resulting from the acquisition of Amesto Solutions gives us opportunities for higher growth going forward. During the quarter, we also welcomed around 60 new colleagues through this year’s trainee program, a key element of our long-term competence provision. Developments in AI are progressing rapidly and creating new opportunities for both our customers and Exsitec, although the full potential remains difficult to foresee. We believe Exsitec is well positioned through a combination of operational understanding, technical expertise, and long-standing customer relationships. A large part of the value we create lies in understanding customer processes and needs, and making different systems and solutions work together, rather than focusing solely on development work. At the same time, we see that AI makes development work significantly more efficient, which can increase productivity in our deliveries and make more solutions economically feasible for our customers. A word from our CEO Exsitec exists to help medium-sized companies in the Nordic region digitalise their operations through IT solutions that simplify and improve our customers’ daily work. We achieve this by selecting a number of software solutions and ensuring that they function seamlessly together in the customer’s environment through our proprietary integrations. We take responsibility after delivery and strive to be a single point of contact for our customers when it comes to business-supporting IT. Our approximately 7,000 customers are located across the Nordic region, representing a wide range of industries, and no single customer accounts for more than a small percentage of our total revenue. Exsitec in brief
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We work actively with AI in several areas. Our software partners continuously integrate new AI functionality into their platforms, creating opportunities for us to help customers implement the functionality and adapt their ways of working. Our expertise across many different system solutions also enables us to develop solutions that combine technology from different vendors. Among other things, we are developing our offering in AI agents and automations that can be connected to the customer’s existing systems and perform concrete tasks. During the autumn, we are also organizing an AI week featuring practical examples and insights for various parts of our customers’ organizations. Segment Sweden Organic growth in net sales in Sweden amounted to 3% during the quarter. Adjusted EBITA amounted to SEK 14.9 million (14.4). The consulting business is developing positively with improved demand and utilization. At the same time, we are somewhat limited in delivery capacity as we have been cautious with the number of new trainees in both 2025 and 2026. Segment Norway Organic growth in net sales in Norway amounted to 6% during the quarter, corresponding to 1% in local currency. Adjusted EBITA amounted to SEK 14.4 million (6.7). The acquisition of Amesto Solutions has led to a significant increase in recurring revenue and strengthened our position in the Norwegian market. Together with the efficiency improvements implemented during the year, this represents another step in the right direction for profitability. Segment Other Nordics Organic growth in net sales in Rest of Nordics amounted to 2% during the quarter, corresponding to 2% in local currency. Adjusted EBITA amounted to SEK 3.6 million (4.0). The Danish business has experienced weak development during the year, but we now see a positive trend in order intake providing better conditions for growth. Concluding thoughts and future focus When summarizing the quarter, I am pleased with the progress we are seeing in the business. We have stronger order intake, our recurring revenues continue to increase, and I see good opportunities for further growth. It is also gratifying to see how our strategic focus areas for the year are developing: • BNXT from Visma has good momentum with new deals across all three segments. The acquisition of Amesto Solutions has also provided us with a larger customer base and additional expertise, creating solid opportunities to continue growing the offering, particularly given our strengthened market position in Norway. • The Microsoft initiative got off to a good start after the summer, with strong order intake in both Business Central and Power BI/Fabric. The long- term work to develop the offering continues to deliver results. • Organic growth remains one of our key priorities. We see significant potential to increase the growth rate, not least by capitalizing on improved demand and continuing to develop our existing customer relationships. We enter the final quarter of the year with a larger Nordic presence and a more efficient organization. I look forward to building on the work accomplished throughout the year, aiming for long-term and profitable growth. Niklas Ek
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September 24, 2026 Nomination Committee for the 2027 Annual General Meeting The Nomination Committee has been appointed in accordance with the instructions adopted at the 2026 Annual General Meeting. The three largest shareholders as of August 31, 2026, have each appointed a member: Björn Lindskog (Syntrans AB, 18.1%), Erik Ivarsson (Grenspecialisten, 10.1%), and Anders Hillerborg (Creades, 9.5%). In addition, the Chairman of the Board, Peter Viberg, is co-opted to the Nomination Committee. Ahead of the 2027 AGM, the Nomination Committee will present proposals regarding the chairman of the meeting, the number of board members, fees, board composition and chairman, auditor, and auditor fees. Shareholders who wish to submit proposals can send them in writing to the Nomination Committee via email or letter well in advance of the notice to the AGM. September 28, 2026 Outcome regarding subscription of new shares in LTI 2023 The Company has announced that employees have exercised a total of 19,450 warrants received pursuant to performance share rights for the subscription of 19,450 new shares in the Company under Exsitec’s long-term performance-based incentive program 2023 (”LTI 2023”). At the 2023 AGM, it was resolved, in accordance with the Board’s proposal, to establish a long-term performance-based incentive program, LTI 2023, for senior executives, other managers, and key personnel in the Company and its subsidiaries. To ensure delivery of shares to Participants, the AGM also resolved on an issue and transfer of warrants. The Board has confirmed that the performance condition for allocation of one warrant per performance share right was met. Participants in LTI 2023 have thus received a total of 19,450 warrants which were exercised for subscription of 19,450 new shares in the Company. On October 7, 2026, the number of shares increased by 19,450, from 13,429,856 shares to 13,449,306 shares. The share capital increased by SEK 972.50, from SEK 671,492.80 to SEK 672,465.30, corresponding to a dilution effect of approximately 0.1 percent of the votes and capital in the Company. Significant events EXSITEC HOLDING AB www.exsitec.se 4
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Items affecting comparability Restructuring costs in connection with the acquisition of Amesto Solutions Invest AS (renamed Exsitec Solutions Holding AS) during the third quarter of 2026 amounted to SEK 26.7 million for the entire group and are reported as personnel costs and other external costs in the group’s statement of comprehensive income, as well as in operating activities in the cash flow statement. The restructuring had a limited liquidity impact during the third quarter of 2026. Acquisition- related costs regarding the same acquisition amounted to SEK 6.0 million during the second quarter of 2026 and are reported as other external costs in the group’s statement of comprehensive income, as well as in operating activities in the cash flow statement. One-off costs for the restructuring of the development operations in Norway amounted to SEK 7.0 million during the second quarter of 2026 and are reported as personnel costs in the group’s statement of comprehensive income, as well as in operating activities in the cash flow statement. A capital gain of SEK 4.3 million on the divestment of all shares in Zedcom AB during the first quarter of 2026 is reported under Other operating income. Quarterly Financial Development Net sales increased by 23% to SEK 230.6 (187.6) million, of which organic growth was 3%, or 2% in local currencies. Operating expenses excluding depreciation and amortization of intangible assets amounted to SEK 228.7 (164.6) million. Excluding items affecting comparability of SEK 26.7 million as described above, expenses amounted to SEK 202.0 million. The increase compared to the previous year is primarily attributable to the acquisition of Amesto Solutions. In addition, the quarter’s adjusted EBITA was impacted by costs for severance pay related to ongoing organizational adjustments of SEK 6.9 million. EBITA amounted to SEK 3.1 (25.3) million, corresponding to a margin of 1.4% (13.5%). Adjusted EBITA, adjusted for items affecting comparability of SEK 26.7 million, increased to SEK 29.8 (25.3) million, corresponding to a margin of 12.9% (13.5%). Profit for the period amounted to SEK -13.2 (9.9) million. Cash flow from operating activities amounted to SEK 15.2 (16.7) million. The majority of the restructuring costs have not yet been paid out and have therefore not affected the quarter’s cash flow. Total cash flow for the period amounted to SEK -6.6 (-14.3) million. Liquidity and Financial Position As of September 30, 2026, the group’s cash and cash equivalents amounted to SEK 54 (41) million. Loans from credit institutions amounted to SEK 390 (287) million. The group also has access to a revolving credit facility with an unutilized amount of SEK 75 (131) million, of which overdraft facilities account for SEK 75 (75) million, as well as a conditional option to expand the facility up to SEK 100 (70) million (a so-called ”accordion option”). Estimated consideration for completed business and asset acquisitions amounted to SEK 146 (63) million, of which contingent consideration amounted to SEK 47 (58) million. Equity at the end of the period amounted to SEK 549 (490) million. The Group All comparative figures refer to the Group. The parent company’s operations are focused on group-wide management, and operations are conducted within the subsidiaries. The Share Exsitec Holding’s share has been listed on Nasdaq First North since September 16, 2020. Companies listed on Nasdaq First North are required to have a Certified Adviser who performs certain supervisory functions. Exsitec Holding’s Certified Adviser is DNB Carnegie Investment Bank AB (publ). The share is traded under the ticker EXS and has the ISIN code: SE0014035762. Risks and uncertainties In its operations, the Exsitec Group is exposed to general business and financial risks. These risks are described in the company’s 2025 Annual Report. Other than what is described in these documents, no additional material risks have arisen. Comments on the reporting period EXSITEC HOLDING AB www.exsitec.se 5
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Publication of the Report This report was published on October 20, 2026, at 08:00 CEST. The report was simultaneously published on the company’s website. This interim report has not been reviewed by the company’s auditors. This report has been prepared in both a Swedish and an English version. In the event of any discrepancies between the two, the Swedish version shall prevail. Options and incentive programs LTI 2023, launched in Q3 2023 following a resolution by the 2023 Annual General Meeting, concluded at the end of the measurement period in Q2 2026. Adjusted EBITA per share increased by 46% during the measurement period. This fulfilled the condition for allotment of one warrant per performance share right (30% requirement), but not the condition for an additional warrant (60% requirement). In September 2026, participants exercised a total of 19,450 warrants to subscribe for an equal number of new shares at a quota value of SEK 0.05. The shares were registered with the Swedish Companies Registration Office on October 7, 2026. Following this, the total number of shares amounts to 13,449,306 and the share capital amounts to SEK 672,465.30, corresponding to a dilution of approximately 0.1%. The 2024 Annual General Meeting resolved to adopt a long-term incentive program for key employees in the Group. The incentive program was launched during Q3 2024, with the measurement period running up to and including Q2 2027. It can yield a maximum of 60,000 shares, corresponding to a dilution of approximately 0.44% of the total number of shares in the company. The 2025 Annual General Meeting resolved to adopt a long-term incentive program for key employees in the Group. The incentive program was launched during Q3 2025, with the measurement period running up to and including Q2 2028. It can yield a maximum of 73,400 shares, corresponding to a dilution of approximately 0.54% of the total number of shares in the company. The 2026 Annual General Meeting resolved to adopt a long-term incentive program for key employees in the Group. The incentive program was launched in Q3 2026, with the measurement period running up to and including Q2 2029. It can yield a maximum of 77,700 shares, corresponding to a dilution of approximately 0.58% of the total number of shares in the company. The table below provides an overview of the dilution at maximum outcome in the outstanding incentive programs, based on remaining participants and full exercise of performance shares as of the balance sheet date. LTI 2024 AGM Resolution Remaining Number of participants 63 55 Warrants 60,000 47,184 Dilution 0.44% 0.35% LTI 2025 AGM Resolution Remaining Number of participants 63 51 Warrants 73,400 52,200 Dilution 0.54% 0.39% LTI 2026 AGM Resolution Remaining Number of participants 63 57 Warrants 77,700 66,422 Dilution 0.58% 0.49% EXSITEC HOLDING AB www.exsitec.se 6
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Services About Exsitec & Our Market Software We create the best possible IT support that makes a real difference in everyday work. By selecting the right components and ensuring they work seamlessly together, we take responsibility for the whole solution. With a focus on long-term commitment and collaboration, we grow stronger together. Exsitec creates value by managing all phases of selecting, implementing, integrating, and supporting our customers in using well-functioning software over time. This creates a win-win-win situation for the customer, the partner, and Exsitec. Our offerings and expertise revolve around software and services for • Managing customers’ internal transaction processes: systems for finance, order management, inventory, invoicing, procurement, invoice handling, payroll, and field service • Managing customer interaction: CRM, support/ customer service, and e-commerce • Data management, decision support, and reporting: Business Intelligence, data warehousing, information security, budgeting & planning, and sustainability reporting • Integration between the systems above, combined with IT security We simplify everyday operations for our customers. By selecting well-functioning software for many common processes in mid-sized companies and providing standardized integrations between frequently used systems, we reduce complexity and lower the initial investment for the customer. The modular offering enables us to support our more than 7,000 customers, despite their presence in a wide range of industries. We take long-term responsibility. By providing support for delivered software, maintaining integrations, and continuously exploring new software and services, we act as a long-term partner to our customers. Exsitec’s head office is located in Linköping, and in total more than 700 employees work at our more than 20 offices in Sweden, Norway, Denmark, and Finland. The combination of reselling partner software or software services, in-house consulting services for implementation and customization, proprietary system integrations, along with ongoing support, maintenance, and further development, results in a robust mix of multiple revenue streams. Support & other • Recurring contract-based license revenue primarily consists of margin from the resale of software and software services from our partners, supplemented by a smaller portion of our own standard components— mainly integrations—sold as licenses. • Consulting services for implementation, maintenance, and further development are tailored to meet our customers’ widely varying needs in terms of engagement intensity: from an hour here and there to large-scale projects and everything in between. • Fixed monthly support plans provide assistance to customers’ staff who use the software on a daily basis.
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Financial reports, The Group Condensed consolidated statement of comprehensive income Amounts in KSEK Note Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Operating income Net sales 2 230,565 187,559 723,293 655,659 Other operating income 5 1,304 2,347 7,466 7,466 Total operating income 231,869 189,906 730,759 663,892 Operating expenses Expenses for external subcontractors and direct costs -9,092 -9,239 -32,273 -34,606 Goods for resale -865 -1,635 -7,144 -4,704 Other external expenses 4 -36,866 -21,738 -90,033 -66,345 Personnel expenses -167,205 -121,137 -471,480 -411,562 Other operating expenses -5,119 -1,380 -8,884 -4,182 Depreciation and amortization of tangible and right-of-use assets -9,595 -9,455 -27,903 -27,176 Amortization and impairment of intangible assets -11,304 -8,529 -28,938 -25,697 Total operating expenses -240,046 -173,113 -666,655 -574,272 Operating profit -8,177 16,793 64,104 89,620 Other interest income and similar items 1,031 508 2,039 3,780 Interest expenses and similar items -8,943 -4,427 -15,911 -15,622 Total financial items -7,912 -3,919 -13,872 -11,842 Profit before tax -16,089 12,874 50,232 77,778 Income tax 2,881 -2,987 -12,122 -17,156 Profit for the period -13,208 9,887 38,110 60,622 Profit for the period attributable to: Parent company shareholders -13,256 9,934 37,952 60,760 Non-controlling interests 48 -47 158 -138 Earnings per share, calculated on profit for the period attributable to parent company shareholders Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Weighted average number of shares - before dilution 13,429,856 13,429,856 13,429,856 13,429,856 Weighted average number of shares - after dilution 13,449,306 13,429,856 13,449,306 13,429,856 Earnings per share, before dilution -0.99 0.74 2.83 4.51 Earnings per share, after dilution -0.99 0.74 2.82 4.51 Other comprehensive income Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Profit for the period -13,208 9,887 38,110 60,622 Items that may be re-classified to profit or loss Exchange rate differences 11,195 -685 24,228 -8 260 Other comprehensive income for the period 11,195 -685 24,228 -8 260 Total comprehensive income for the period -2,013 9,202 62,338 52,362 Total comprehensive income for the period attributable to: Parent company shareholders -2,061 9,249 62,180 52,500 Non-controlling interests 48 -47 158 -138 EXSITEC HOLDING AB www.exsitec.se 8
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Condensed consolidated balance sheet Amounts in KSEK Note 2026-09-30 2025-09-30 2025-12-31 ASSETS Non-current assets Goodwill 4, 5 753,361 536,163 518,987 Other intangible assets 302,916 240,433 223,288 Property, plant and equipment 13,472 14,274 13,528 Right-of-use assets 77,531 74,722 81,314 Other non-current receivables 4,880 1,831 1,721 Deferred tax assets 962 822 836 Total non-current assets excluding assets held for sale 1,153,122 868,245 839,674 Current assets Finished goods and merchandise 363 456 218 Trade receivables 139,325 112,048 135,034 Other receivables 6,110 4,214 6,837 Prepaid expenses and accrued income 71,578 63,973 55,624 Cash and cash equivalents 53,991 40,531 54,068 Total current assets excluding assets held for sale 271,367 221,222 251,781 Total assets held for sale 5 - - 30,680 TOTAL ASSETS 1,424,489 1,089,467 1,122,135 EQUITY AND LIABILITIES Total equity 549,432 489,720 510,135 LIABILITIES Non-current liabilities Liabilities to credit institutions 357,301 262,416 254,544 Lease liabilities 43,255 41,676 48,437 Other non-current liabilities 144,226 46,845 42,764 Deferred tax liabilities 54,876 42,306 39,071 Total non-current liabilities excluding liabilities held for sale 599,658 393,243 384,816 Current liabilities Liabilities to credit institutions 32,572 24,959 24,857 Lease liabilities 30,146 28,024 27,948 Trade payables 41,768 40,360 49,168 Current tax liabilities 5,742 5,210 8,689 Other current liabilities 45,006 52,631 48,535 Accrued expenses and deferred income 120,165 55,320 63,219 Total current liabilities excluding liabilities held for sale 275,399 206,504 222,416 Total liabilities held for sale 5 - - 4,768 TOTAL LIABILITIES 875,057 599,747 612,000 TOTAL EQUITY AND LIABILITIES 1,424,489 1,089,467 1,122,135 EXSITEC HOLDING AB www.exsitec.se 9
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Condensed consolidated statement of changes in equity Attributable to parent company shareholders Amounts in KSEK Share capital Other contributed capital Reserves Retained earnings including net profit for the year Total Non-controlling interests Total equity Opening balance as of January 1, 2025 671 356,708 999 97,663 456,041 1,297 457,338 Profit for the period - - - 60,760 60,760 -138 60,622 Other comprehensive income - - -8,260 - -8,260 - -8,260 Total comprehensive income - - -8,260 60,760 52,500 -138 52,362 Transactions with shareholders in their capacity as owners Share-related incentive program - - 3,522 - 3,522 - 3,522 Dividend - - - -23,502 -23,502 - -23,502 Total transactions with shareholders - - 3,522 -23,502 -19,980 - -19,980 Closing balance as of September 30, 2025 671 356,708 -3,739 134,921 488,561 1,159 489,720 Attributable to parent company shareholders Amounts in KSEK Share capital Other contributed capital Reserves Retained earnings including net profit for the year Total Non-controlling interests Total equity Opening balance as of January 1, 2026 671 356,708 -8,495 160,040 508,924 1,211 510,135 Profit for the period - - - 37,952 37,952 158 38,110 Other comprehensive income - - 24,228 - 24,228 - 24,228 Total comprehensive income - - 24,228 37,952 62,180 158 62,338 Transactions with shareholders in their capacity as owners Share-related incentive program - - 2,476 - 2,476 - 2,476 Dividend - - - -25,517 -25,517 - -25,517 Total transactions with shareholders - - 2,476 -25,517 -23,041 - -23,041 Closing balance as of September 30, 2026 671 356,708 18,209 172,475 548,063 1,369 549,432 EXSITEC HOLDING AB www.exsitec.se 10
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Condensed consolidated cash flow statement Amounts in KSEK Note Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Operating activities Profit before tax -16,089 12,874 50,232 77,778 Adjustments for non-cash items 26,109 19,442 60,548 52,757 Income tax paid -5,817 -7,242 -15,800 -19,383 Cash flow from operating activities before changes in working capital 4,203 25,074 94,980 111,152 Cash flow from changes in working capital 11,019 -8,418 6,653 -9,591 Cash flow from operating activities 15,222 16,656 101,633 101,561 Investing activities Acquisition of subsidiaries, net of cash acquired 4 - -2,651 -172,998 -2,651 Divestment of subsidiaries, net of cash disposed 5 - - 18,751 - Change in other non-current receivables -324 -31 -378 -16 Investments in intangible assets -359 -750 -4,987 -3,304 Investments in property, plant and equipment -579 -1,694 -1,464 -3,803 Cash flow from investing activities -1,262 -5,126 -161,076 -9,774 Financing activities Borrowings - - 126,180 - Repayment of borrowings -12,536 -17,296 -26,814 -29,788 Repayment of lease liabilities -7,994 -8,579 -24,082 -23,607 Dividend paid to shareholders - - -25,517 -23,502 Cash flow from financing activities -20,530 -25,875 49,767 -76,897 Cash flow for the period -6,570 -14,345 -9,676 14,890 Cash and cash equivalents at beginning of period 60,209 54,979 54,068 26,491 Cash and cash equivalents held for sale at beginning of period 5 - - 6,381 - Exchange rate differences in cash and cash equivalents 352 -103 3,218 -850 Cash and cash equivalents at end of period 53,991 40,531 53,991 40,531 Supplementary information to cash flow Interest paid -5,043 -3,172 -11,048 -10,324 EXSITEC HOLDING AB www.exsitec.se 11
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Amounts in KSEK Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Operating income Net sales 7,601 6,155 22,953 18,464 Other operating income 71 18 84 24 Total operating income 7,672 6,173 23,037 18,488 Operating expenses Other external expenses -2,387 -1,127 -7,310 -3,608 Personnel expenses -4,243 -4,218 -14,180 -15,895 Other operating expenses -2 -9 -13 -44 Total operating expenses -6,632 -5,354 -21,503 -19,547 Operating profit 1,040 819 1,534 -1,059 Other interest income and similar items 2,818 2,182 3,885 9,082 Interest expenses and similar items -5,136 -2,096 -10,610 -7,705 Total financial items -2,318 86 -6,725 1,377 Profit before tax -1,278 905 -5,191 318 Income tax 252 -183 1,019 -183 Profit for the period -1,026 722 -4,172 135 The Parent Company has no items recognised in other comprehensive income, and total comprehensive income therefore corresponds to profit/loss for the period. Financial reports, Parent Company Parent Company’s condensed income statement EXSITEC HOLDING AB www.exsitec.se 12
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Parent company condensed balance sheet Amounts in KSEK 2026-09-30 2025-09-30 2025-12-31 ASSETS Non-current assets Shares in group companies 364,953 201,035 360,596 Receivables from group companies 104,220 148,000 14,000 Total non-current assets 469,173 349,035 374,596 Current assets Receivables from group companies 105,182 10,766 6,144 Other receivables 1,422 131 96 Prepaid expenses and accrued income 1,838 1,575 1,935 Cash and cash equivalents 50,619 34,265 56,251 Total current assets 159,061 46,737 64,426 TOTAL ASSETS 628,234 395,772 439,022 EQUITY AND LIABILITIES EQUITY Restricted equity 12,483 8,041 9,891 Non-restricted equity 176,342 174,592 206,031 TOTAL EQUITY 188,825 182,633 215,922 Provisions Other provisions 36,841 32,876 33,028 Total provisions 36,841 32,876 33,028 LIABILITIES Non-current liabilities Liabilities to credit institutions 225,044 133,726 132,832 Total non-current liabilities 225,044 133,726 132,832 Current liabilities Liabilities to group companies 171,875 43,338 52,727 Trade payables 580 111 884 Current tax liabilities - - 65 Other current liabilities 1,480 1,360 1,005 Accrued expenses and deferred income 3,589 1,728 2,559 Total current liabilities 177,524 46,537 57,240 TOTAL LIABILITIES 402,568 180,263 190,072 TOTAL EQUITY AND LIABILITIES 628,234 395,772 439,022 EXSITEC HOLDING AB www.exsitec.se 13
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Note 1. Accounting principles The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and interpretations issued by the IFRS Interpretations Committee (IFRS IC) as adopted by the EU. This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting, the Swedish Annual Accounts Act, and RFR 2 Accounting for Legal Entities. The applied accounting principles comply with those applied in the preparation of the 2025 annual report. Notes EXSITEC HOLDING AB www.exsitec.se 14
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Note 2. Segment information and disclosure of net sales The Group’s chief operating decision maker is the CEO, who uses adjusted EBITA to assess the performance of the operating segments. The Group’s operations are managed and reported on the basis of three operating segments: Sweden, Norway and Other Nordics. Other Nordics comprises the operations in Denmark and Finland. Operations in all segments provide IT solutions that support the business operations of mid-sized companies. The Other/eliminations column includes unallocated parent company costs and group eliminations. Shared overhead costs are allocated to the segments. Inter-segment sales are conducted on market terms and are eliminated on consolidation. The amounts reported to the CEO in respect of segment revenue are measured in a manner consistent with the financial statements. Interest income and interest expenses are not allocated to the segments, as this type of activity is managed by the central finance function, which manages the Group’s liquidity. The same applies to the effects of changes in the fair value of contingent consideration recognised in the statement of comprehensive income. Sweden Norway Other Nordics Other/ Eliminations Group Jul-Sep Jul-Sep Jul-Sep Jul-Sep Jul-Sep Amounts in KSEK 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Net sales, external 123,959 121,265 81,034 45,996 25,572 20,298 – – 230,565 187,559 Net sales, internal 1,609 1,386 51 -111 155 -6 -1,815 -1,269 0 0 Total net sales 125,568 122,651 81,085 45,885 25,727 20,292 -1,815 -1,269 230,565 187,559 Other income 443 2,155 789 63 0 0 72 129 1,304 2,347 Total income 126,011 124,806 81,874 45,948 25,727 20,292 -1,743 -1,140 231,869 189,906 Operating expenses excl. depreciation, amortisation and impairment, external -105,426 -98,803 -79,110 -35,538 -23,923 -14,810 -10,688 -5,978 -219,147 -155,129 Operating expenses excl. depreciation, amortisation and impairment, internal -6,353 -5,070 -2,352 -1,778 -672 -471 9,377 7,319 0 0 Depreciation and impairment of property, plant and equipment and right-of-use assets -6,267 -6,529 -2,253 -1,911 -1,075 -1,015 – – -9,595 -9,455 Total expenses -118,046 -110,402 -83,715 -39,227 -25,670 -16,296 -1,311 1,341 -228,742 -164,584 EBITA 7,965 14,404 -1,841 6,721 57 3,996 -3,054 201 3,127 25,322 Amortisation and impairment of intangible assets -11,304 -8,529 Operating profit/loss -8,177 16,793 Other interest income and similar items 1,031 508 Interest expenses and similar items -8,943 -4,427 Net financial items -7,912 -3,919 Profit/loss before tax -16,089 12,874 Income tax 2,881 -2,987 Profit/loss for the period -13,208 9,887 EXSITEC HOLDING AB www.exsitec.se 15
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Sweden Norway Other Nordics Other/ Eliminations Group Jul-Sep Jul-Sep Jul-Sep Jul-Sep Jul-Sep Amounts in KSEK 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 EBITA 7,965 14,404 -1,841 6,721 57 3,996 -3,054 201 3,127 25,322 Other items affecting comparability 6,921 – 16,215 – 3,559 – – – 26,695 – Adjusted EBITA 14,886 14,404 14,374 6,721 3,616 3,996 -3,054 201 29,822 25,322 Sweden Norway Other Nordics Other/ Eliminations Group Jan-Sep Jan-Sep Jan-Sep Jan-Sep Jan-Sep 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Net sales, external 445,213 441,315 202,354 146,993 75,726 67,351 – – 723,293 655,659 Net sales, internal 7,422 2,827 206 758 127 29 -7,755 -3,614 0 0 Total net sales 452,635 444,142 202,560 147,751 75,853 67,380 -7,755 -3,614 723,293 655,659 Other income 5,716 6,929 964 143 702 0 84 1,161 7,466 8,233 Total income 458,351 451,071 203,524 147,894 76,555 67,380 -7,671 -2,453 730,759 663,892 Operating expenses excl. depreciation, amortisation and impairment, external -331,314 -334,592 -186,081 -118,203 -65,940 -46,941 -26,479 -21,663 -609,814 -521,399 Operating expenses excl. depreciation, amortisation and impairment, internal -18,589 -16,526 -8,381 -3,983 -1,968 -1,406 28,938 21,915 0 0 Depreciation and impairment of property, plant and equipment and right-of-use assets -18,944 -18,101 -5,977 -6,028 -2,982 -3,047 – – -27,903 -27,176 Total expenses -368,847 -369,219 -200,439 -128,214 -70,890 -51,394 2,459 252 -637,717 -548,575 EBITA 89,504 81,852 3,085 19,680 5,665 15,986 -5,212 -2,201 93,042 115,317 Amortisation and impairment of intangible assets -28,938 -25,697 Operating profit/loss 64,104 89,620 Other interest income and similar items 2,039 3,780 Interest expenses and similar items -15,911 -15,622 Net financial items -13,872 -11,842 Profit/loss before tax 50,232 77,778 Income tax -12,122 -17,156 Profit/loss for the period 38,110 60,622 Sweden Norway Other Nordics Other/ Eliminations Group Jan-Sep Jan-Sep Jan-Sep Jan-Sep Jan-Sep 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 EBITA 89,504 81,852 3,085 19,680 5,665 15,986 -5,212 -2,201 93,042 115,317 Other items affecting comparability 2,633 – 29,190 – 3,559 – – – 35,382 – Adjusted EBITA 92,137 81,852 32,275 19,680 9,224 15,986 -5,212 -2,201 128,424 115,317 EXSITEC HOLDING AB www.exsitec.se 16
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The Group has recognised the following amounts relating to revenue in the statement of comprehensive income: The Group’s revenue from contracts with customers, broken down by revenue category, is presented below: Amounts in KSEK Jul–Sep 2026 Jul–Sep 2025 Revenue from contracts with customers 230,565 187,559 Other income 1,304 2,347 Total income 231,869 189,906 Amounts in KSEK Jan–Sep 2026 Jan–Sep 2025 Revenue from contracts with customers 723,293 655,659 Other income 7,466 8,233 Total income 730,759 663,892 Sweden Norway Other Nordics Group Jul-Sep Jul-Sep Jul-Sep Jul-Sep Amounts in KSEK 2026 2025 2026 2025 2026 2025 2026 2025 Consulting services 76,224 75,005 29,772 19,485 16,283 12,231 122,279 106,721 Recurring software revenue 31,118 27,905 39,790 20,908 8,557 6,193 79,465 55,006 Support and infrastructure services 12,033 15,416 11,275 5,334 – – 23,308 20,750 Other 4,584 2,939 197 269 732 1,874 5,513 5,082 Total revenue 123,959 121,265 81,034 45,996 25,572 20,298 230,565 187,559 Sweden Norway Other Nordics Group Jan-Sep Jan-Sep Jan-Sep Jan-Sep Amounts in KSEK 2026 2025 2026 2025 2026 2025 2026 2025 Consulting services 308,883 301,449 86,154 69,732 43,326 43,220 438,363 414,401 Recurring software revenue 91,559 83,819 92,312 60,033 24,539 18,697 208,410 162,549 Support and infrastructure services 34,914 46,689 23,376 16,315 138 – 58,428 63,004 Other 9,857 9,358 512 913 7,723 5,434 18,092 15,705 Total revenue 445,213 441,315 202,354 146,993 75,726 67,351 723,293 655,659 EXSITEC HOLDING AB www.exsitec.se 17
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Note 3. Financial instruments The table below shows the Group’s financial instruments measured at fair value. For a definition of the fair value hierarchy, see Note 3 Financial risk management in the 2025 Annual Report. For assets and liabilities measured at amortised cost, the carrying amount corresponds to fair value. For current assets and liabilities, the discounting effect is not material. For non-current liabilities, the interest rate is variable and the credit risk has not changed since the loan was raised. Contingent consideration in connection with business combinations During 2024, Exsitec Holding AB completed a number of business combinations in which part of the consideration was contingent on certain developments in the businesses over a future period after the acquisition date. For further information, see Note 33 Business combinations in the 2025 Annual Report. M-Flow Finland Oy The contingent consideration is driven by future sales and is based on M-Flow Finland Oy’s new sales from July 2024 up to and including December 2027, with an option to extend to December 2028. The contingent consideration has been estimated by weighting different scenarios by their assessed probabilities, after which the nominal value has been discounted to present value based on expected future payments. According to these scenarios, the contingent consideration payable will be in the range of KEUR 1,920–7,680. The measurement of the contingent consideration assumes that the option will not be exercised and that payment will be made on 30 April 2028. Brightcom Solutions AB The contingent consideration is driven by future growth in recurring revenue up to and including November 2027. Payment will be made in the first quarter of 2028. The contingent consideration has been estimated by weighting different scenarios by their assessed probabilities, after which the nominal value has been discounted to present value based on expected future payments. According to these scenarios, the contingent consideration payable will be in the range of KSEK 5,000–40,000. Deferred consideration in connection with business combinations During 2026, Exsitec Holding AB, through its subsidiary Exsitec AS, completed a business combination in which part of the consideration is deferred and will be paid at later dates. For further information, see Note 4. Amesto Solutions Invest AS (now renamed Exsitec Solutions Holding AS) The deferred consideration relating to Amesto Solutions Invest AS totals MNOK 105, of which MNOK 55 is payable on 31 December 2027 and the remaining MNOK 50 on 31 December 2028. The deferred consideration is not contingent. Its nominal value has been discounted to present value based on future payments. Amounts in KSEK Contingent and deferred consideration in connection with business combinations Opening balance 1 July 2025 59,754 Acquisitions – Payments -2,651 Change in fair value recognised in the statement of comprehensive income -592 Exchange rate differences 15 Closing balance 30 September 2025 56,526 Amounts in KSEK Contingent and deferred consideration in connection with business combinations Opening balance 1 July 2026 135,491 Acquisitions – Payments – Change in fair value recognised in the statement of comprehensive income 3,326 Exchange rate differences 5,409 Closing balance 30 September 2026 144,226 Amounts in KSEK Contingent and deferred consideration in connection with business combinations Opening balance 1 January 2025 61,481 Acquisitions – Payments -2,651 Change in fair value recognised in the statement of comprehensive income -1,875 Exchange rate differences -429 Closing balance 30 September 2025 56,526 Amounts in KSEK Contingent and deferred consideration in connection with business combinations Opening balance 1 January 2026 42,764 Acquisitions 91,080 Payments – Change in fair value recognised in the statement of comprehensive income 6,714 Exchange rate differences 3,668 Closing balance 30 September 2026 144,226 EXSITEC HOLDING AB www.exsitec.se 18
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Note 4. Business combinations Business combinations during the 2026 financial year Company Operating segment Share acquired Consideration Net cash outflow Goodwill Exsitec Solutions Holding AS, including the following subsidiaries: Norway 100% 266,551 172,998 207,395 Exsitec Techhouse AS Norway Exsitec Solutions AS Norway Exsitec Clockwork AS Norway Exsitec Solutions A/S Other Nordics Exsitec Tech Solutions AB Sweden Acquisition of Amesto Solutions Invest AS On 27 May 2026, Exsitec AS acquired 100% of the shares in Amesto Solutions Invest AS (now renamed Exsitec Solutions Holding AS), a group operating in consulting services and software and a partner to companies including Visma and SuperOffice. Identified surplus values relate to customer relationships. The consideration amounts to approximately MNOK 280 and consists of a cash consideration of approximately MNOK 175 and a deferred consideration of MNOK 105. The table below summarises the consideration for Amesto Solutions Invest AS and the fair value of the assets acquired and liabilities assumed recognised at the acquisition date. Amounts in KSEK CONSIDERATION Cash and cash equivalents 175,470 Deferred consideration, discounted to present value 91,080 Total consideration 266,551 F AIR VALUE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMED Cash and cash equivalents 2,472 Intangible assets 96,850 Property, plant and equipment 884 Other current assets 36,430 Non-current liabilities -832 Deferred tax liabilities -19,211 Other current liabilities -57,438 Total identifiable net assets 59,156 Goodwill 207,395 Amounts in KSEK Cash flow to acquire subsidiaries, net of cash acquired: Cash consideration 175,470 Less: Cash and cash equivalents acquired -2,472 Net cash outflow – investing activities 172,998 Goodwill Goodwill is attributable to, among other things, synergies and the workforce. No part of the recognised goodwill is expected to be deductible for tax purposes. Revenue and profit of the acquired business The acquisition of Amesto Solutions Invest AS (now renamed Exsitec Solutions Holding AS) contributed revenue to the Group in the third quarter of KSEK 42,533 and profit after tax of KSEK 4,817, excluding restructuring costs after tax of KSEK 12,097. From the acquisition date up to and including September 2026, revenue amounted to KSEK 60,144 and profit after tax to KSEK 6,469, excluding restructuring costs after tax of KSEK 12,097. If the acquisition had been completed on 1 January 2026, pro forma figures show that the acquired business would have contributed revenue and profit after tax for the period January to September of KSEK 157,748 and KSEK 15,113 respectively, excluding restructuring costs after tax of KSEK 12,097. Acquisition-related costs During the second quarter of 2026, acquisition-related costs of KSEK 5,998 were included in other external expenses in the Group’s statement of comprehensive income and in operating activities in the statement of cash flows. Deferred consideration The agreed deferred consideration for Amesto Solutions Invest AS (now renamed Exsitec Solutions Holding AS) falls due for payment in the amount of MNOK 55 on 31 December 2027 and MNOK 50 on 31 December 2028. Business combinations during the 2025 financial year No business combinations took place in 2025. EXSITEC HOLDING AB www.exsitec.se 19
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Note 5. Divestment of operations Background In December 2025, Exsitec AB signed an agreement to divest the IT operations business of its subsidiary Zedcom AB to the IT and operations specialist InfraCom Group AB. The divestment does not include Zedcom AB’s ERP operations, which since the acquisition of Zedcom AB in 2021 have been integrated with Exsitec’s corresponding operations. The transaction is part of Exsitec’s strategy to focus its operations on digitalisation and business support. Following approval from the ISP (Swedish Inspectorate of Strategic Products), the divestment was completed in early February 2026. Classification and divestment The divested business mainly comprised customer contracts, goodwill, equipment and employees associated with the operations. As of 31 December 2025, the assets and liabilities of this business were classified as held for sale in accordance with IFRS 5. In connection with the completion of the transaction in February 2026, the items were derecognised from the Group’s balance sheet. Until the divestment, the operations were included in the Sweden operating segment. Measurement The assets are measured at the lower of carrying amount and fair value. Depreciation and amortisation of assets within the disposal group classified as held for sale ceased from the date of classification. Gain on disposal The gain on disposal has been recognised as other operating income in the Group’s statement of comprehensive income for the period January– September 2026. Divested net assets * At the date of divestment Amounts in KSEK Consideration Cash and cash equivalents 26,400 Recognised contingent consideration 4,950 Total sales price 31,350 Divested net assets (see table to the right) -26,728 Direct selling costs -334 Gain on disposal 4,288 Amounts in KSEK 6 February 2026* 31 December 2025 Divested assets Goodwill 12,171 12,171 Other intangible assets 6,135 6,135 Property, plant and equipment 931 959 Trade receivables 3,726 4,330 Other current assets 3,183 704 Cash and cash equivalents 7,649 6,381 Total divested assets 33,795 30,680 Transferred liabilities Deferred tax liability 1,264 1,264 Trade payables 2,833 1,838 Other current liabilities 2,970 1,666 Total transferred liabilities 7,067 4,768 Net divested assets 26,728 25,912 Note 6. Related party transactions No related party transactions have taken place during the period. Note 7. Events after the reporting period No significant events have occurred after the reporting period. EXSITEC HOLDING AB www.exsitec.se 20
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Exsitec Holding AB Org.nr. 559116-6532 010 - 333 33 00 www.exsitec.se ir@exsitec.se Exsitecs Certified Adviser is DNB Carnegie Investment Bank AB. www.carnegie.se Carl Arnesson Chief Financial Officer Niklas Ek Chief Executive Officer 2027-02-02 Year-end Report 2026 2027-03-23 Annual Report 2026 2027-04-21 Interim Report Q1 2027 2027-07-12 Interim Report Q2 2027 2027-10-20 Interim Report Q3 2027 Upcoming reports Recurring net revenue from software Revenue from software, for example on SaaS solutions or subscriptions, with a recurring nature. LTM Latest twelve months. EBITA Operating profit before amortization and impairment of intangible assets. EBITA % Operating profit before amortization and impairment of intangible assets as a percentage of net sales. Definitions Adjusted EBITA Operating profit before amortization and impairment of intangible assets and less acquisition-related personnel expenses and other exceptional items affecting comparability. The purpose is to show EBITA exclusive of items that would affect the comparability with other periods. Adjusted EBITA % Operating profit before amortization and impairment of intangible assets and less acquisition-related personnel expenses and other exceptional items affecting comparability as a percentage of net sales. Net sales The undertaking’s main income, invoiced costs, additional income and income adjustments. Organic growth Change in net sales less acquired entities during the past 12 months. Operating margin (%) Operating profit as percentage of net sales. Return on equity (%) Profit or loss after net financial items as a percentage of adjusted equity (equity and untaxed reserves less deferred tax). Balance sheet total The total assets of the company. Equity ratio (%) Adjusted equity (equity and untaxed reserves less deferred tax) as a percentage of the balance sheet total. Number of employees Average number of employees during the period/financial year.