Slides
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Everyone is entitled to a good life. Q4 2025 February 6, 2026 Interim Report
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Agenda A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition
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Shaping the future of Nordic welfare Humana as an investment • Resilient to an uncertain macroeconomic environment • Low risk through diversified portfolio across markets • Offers attractive cash distributions through dividends and share buybacks Net Revenue by country Customer Satisfaction Index 85 Employee Satisfaction Index 76 EBIT by country
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Q4 Highlights 4 Secured projects to drive growth ✓ Signed projects of approx. 300 placements corresponding to annual net revenue of approx SEK 450m ✓ Agreement for an elderly care home and LSS group home in Sollentuna of 100 placements ✓ Acquisition of Familiehjelpgruppen in Norway, yearly revenue of NOK 120m Underlying improvement in profitability in Norway and Finland Increased Customer satisfaction to 85 (82) and strong employee satisfaction of 76 (77) Earnings per share 2025 – SEK 4.73, an increase of 65% Buy back of own shares - SEK 44m (1,8%) Proposed dividend of SEK 1.35, an increase of 35%
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Everyone is entitled to a good life. Q4 2025 Financials
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Revenue trend Revenue development 5,4% 4,2% 3,0% 8,8% -2,1%
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Performance Underlying improvement in Norway and Finland offset by one-offs and FX headwinds 4,2% 3,0% 8,8% Adj. EBIT development 5,4% 4,2% 3,0% 8,8% -2,1% Reclaims: -9m Accruals: -6m
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Free cash flow (SEKm) Utilisation of Free cash flow LTM
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Strong earnings per share Earnings per share, LTM (SEK)
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Everyone is entitled to a good life. Q4 2025 Operational performance
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Performance Key Takeaways Personal Assistance • Burdened by one-offs related to older lost reclaim processes of SEK 9m • Accruals had positive effect in Q4 2024 of SEK 6m • Improvement in profitability for the full year to 1.6% (1.3%) Individual & Family • High occupancy and profitability improvement within Elderly Care • Increased occupancy within Adult • Continued weak demand within Child & Youth • Agreement for new elderly care home in Sollentuna of 100 apartments • Signed projects within LSS of approx. 50 placements Stable underlying performance Sweden SEK m Q4 2024 Q4 2025 Net revenue 1,610 1,596 Adj. Operating profit 47 28 Adj. Operating margin (%) 2.9 1.8
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Performance Key Takeaways Efficiency improvements • Improved operating margin to 7,2 % (7.1%) • Efficiency improvements in all divisions except Child & Youth • The stronger SEK contributed to YoY decrease in net revenue of SEK 28m and EBIT of SEK 2m, when converting Norwegian NOK to SEK in the quarter Strategic acquisition • Acquisition of Familiehjelpgruppen, strengthening our offering in the care chain for Child & Youth. Annual revenue of NOK 120m. Improved profitability and acquisition Norway SEK m Q4 2024 Q4 2025 Net revenue 595 554 Operating profit 42 40 Operating margin (%) 7,1 7,2
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Performance Key Takeaways Underlying profitability improvement excluding: • Ramp-up costs (SEK 3m) • Divestment of Elderly Care (SEK 3m) • The stronger SEK contributed to YoY decrease in net revenue of SEK 16m and EBIT of SEK 1m , when converting Finnish net revenue to SEK in the quarter. New growth-oriented organization in place Signed projects of approx. 130 apartments Underlying performance improved Finland SEK m Q4 2024 (excl. Div.) Q4 2025 Net revenue 480 (371) 333 Operating profit 17 (14) 11 Operating margin (%) 3,5 (4,6) 3,2
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Financial targets and development Organic Growth Profitability Capital Structure
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Signed contracts for organic growth Organic growth ✓ Mainly disability and elderly care ✓ Well distributed in all markets ✓ Evenly distributed coming years Secured growth SEK 450m Bolt-on acquisitions ✓ Familiehjelpgruppen – annual revenue of SEK 120m ✓ Continuing M&A initiatives
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EBIT growth supported by efficiencies Ongoing initiatives to deliver on mid term targets On track Contracts signed Acquisition of Familiehjelp- gruppen Strengthened sales and marketing capacity Several initiatives ongoing
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Everyone is entitled to a good life. Q4 2025 Concluding remarks
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Focus going forward A quarter with positive signals, bridging the profitability gap YoY and taking a major step forward in quality competition Continue to build on organic growth pipeline • Sign more projects in target areas • Fill unused capacity Secure effects of efficiency program Continue to implement digitalisation and AI to drive efficiency Continued active capital allocation
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Thanks! 19 Further Information Ewelina Pettersson Head of Investor Relations +46 73 074 7912 ewelina.pettersson@humana.se Financial Calendar Interim Report Jan-Mar, Q1 2026 24 Apr 2026 AGM 7 May 2026 Interim Report Jan-Jun, Q2 2026 17 Jul 2026 Interim Report Jan-Sep, Q3 2026 22 Oct 2026 Year-End Report Jan-Dec, Q4 2026 5 Feb 2027