Interim report
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NCC AB Interim report Q3, January-September 2026 1 Q3 2026 Strong earnings • Higher orders received than in the corresponding quarter of the previous year, for the fourth consecutive quarter • Margins improved in contracting • Record earnings in Industry business area • Strong cash flow from operating activities • Operating profit before items affecting comparability totaled SEK 831 M (767) in continuing and discontinued operations • Earnings include items affecting comparability of SEK 198 M, related to the relocation of NCC’s head office, this will generate annual savings of SEK 50 M, with the full effect starting in 2028 • NCC signed an agreement to divest Industry at an enterprise value of SEK 8.2 billion • The Industry business area is classified as a discontinued operation in this report (IFRS 5) Third quarter 2026, continuing operations • Orders received amounted to SEK 10,832 M (8,768) • Net sales totaled SEK 10,066 M (10,067) • Operating profit before items affecting comparability totaled SEK 290 M (294). • Operating profit after items affecting comparability totaled SEK 92 M (294) • Profit after financial items totaled SEK 63 M (246) • Profit after tax was SEK 47 M (172) • Earnings per share after dilution, before items affecting comparability, amounted to SEK 2.07 (1.76) • Earnings per share after dilution, after items affecting comparability, amounted to SEK 0.47 (1.76) Supplementary disclosures Third quarter 2026, continuing and discontinued operations • Orders received amounted to SEK 12,829 M (11,135) • Net sales totaled SEK 14,340 M (14,168) • Operating profit before items affecting comparability totaled SEK 831 M (767). • Operating profit after items affecting comparability totaled SEK 633 M (767) • Profit after financial items totaled SEK 600 M (718) • Profit after tax was SEK 444 M (534) • Earnings per share after dilution, before items affecting comparability, amounted to SEK 6.13 (5.47) • Earnings per share after dilution, after items affecting comparability, amounted to SEK 4.53 (5.47) Jan-Sep 2026, continuing operations • Orders received amounted to SEK 32,369 M (29,107) • Net sales totaled SEK 29,092 M (31,066) • Operating profit before items affecting comparability totaled SEK 592 M (689). • Operating profit after items affecting comparability totaled SEK 394 M (689) • Profit after financial items totaled SEK 334 M (596) • Profit after tax was SEK 247 M (442) • Earnings per share after dilution, before items affecting comparability, amounted to SEK 4.12 (4.52) • Earnings per share after dilution, after items affecting comparability, amounted to SEK 2.52 (4.52) Supplementary disclosures Jan-Sep 2026, continuing and discontinued operations • Orders received amounted to SEK 41,709 M (38,530) • Net sales totaled SEK 38,210 M (39,788) • Operating profit before items affecting comparability totaled SEK 1,229 M (1,246) • Operating profit after items affecting comparability totaled SEK 1,031 M (1,246) • Profit after financial items totaled SEK 960 M (1,146) • Profit after tax was SEK 711 M (865) • Earnings per share after dilution, before items affecting comparability, amounted to SEK 8.86 (8.85) • Earnings per share after dilution, after items affecting comparability, amounted to SEK 7.25 (8.85) “All business areas grew their earnings in the quarter, and orders received increased. The divestment of the business area Industry is an important step toward a more focused NCC, built around contracting.” Tomas Carlsson, President and CEO of NCC
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NCC AB Interim report Q3, January-September 2026 2 NCC Industry reported as a discontinued operation As of the third quarter of 2026, NCC Industry is reported as discontinued operations in accordance with IFRS 5, following the binding agreement to divest the business. Industry is therefore reported separately from NCC’s continuing operations, even though the transaction has not yet been completed. As the transaction is expected to be completed in the second half of 2027, and Industry will remain part of the NCC Group until then and continue to contribute to the Group’s earnings and cash flow, NCC also provides supplementary financial information as if IFRS 5 had not been applied. This information includes both continuing and discontinued operations and is referred to as “Supplementary disclosures”. It should be noted that operating profit from continuing operations bears the majority of central Group costs as well as, to some extent, costs for support functions, which are reported within Other and eliminations. Following the divestment, central costs will be adjusted to NCC’s new structure. More generally, support costs will be adapted to the needs of the continuing operations. For example, decisions have already been made on cost savings related to NCC’s largest office in Sweden. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Continued operations before items affecting comparability Orders received 10,832 8,768 32,369 29,107 43,918 40,656 Order backlog 48,190 45,437 48,190 45,437 48,190 43,716 Net sales 10,066 10,067 29,092 31,066 41,613 43,586 Operating profit/loss 290 294 592 689 973 1,070 Operating margin, % 2.9 2.9 2.0 2.2 2.3 2.5 Profit/loss per share after dilution, SEK 2.07 1.76 4.12 4.52 6.93 7.33 Continuing operations after items affecting comparability Operating profit/loss 92 294 394 689 -395 -100 Operating margin, % 0.9 2.9 1.4 2.2 -1.0 -0.2 Operating profit/loss after financial items 63 246 334 596 -489 -227 Operating margin after tax 47 172 247 442 -695 -500 Profit/loss per share after dilution, SEK 0.47 1.76 2.52 4.52 -7.10 -5.12 Supplementary information Continuing and discontinued operations, before items affecting comparability Orders received 12,829 11,135 41,709 38,530 56,171 52,992 Order backlog 50,854 48,318 50,854 48,318 50,854 46,079 Net sales 14,340 14,168 38,210 39,788 54,139 55,717 Operating profit/loss before items affecting comparability 831 767 1,229 1,246 1,921 1,938 Operating margin, % 5.8 5.4 3.2 3.1 3.5 3.5 Profit/loss per share after dilution, SEK 6.13 5.47 8.86 8.85 13.90 13.89 Continuing and discontinued operations, after items affecting comparability Operating profit/loss 633 767 1,031 1,246 553 768 Operating margin, % 4.4 5.4 2.7 3.1 1.0 1.4 Operating profit/loss after financial items 600 718 960 1,146 445 630 Operating margin after tax 444 534 711 865 -13 142 Profit/loss per share after dilution, SEK 4.53 5.47 7.25 8.85 -0.13 1.45 Cash flow from operating activities 1,595 353 416 -66 2,395 1,912 Cash flow before financing 1,493 190 82 -455 1,689 1,151 Net cash +/Net debt - -1,552 -2,613 -1,552 -2,613 -1,552 -1,165 Q3 Jan-Sep
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NCC AB Interim report Q3, January-September 2026 3 CEO Tomas Carlsson comments NCC is performing well. All business areas grew earnings in the quarter, and orders received increased year-on-year for the fourth consecutive quarter. Margins in contracting improved to 3.5 percent, in line with the company’s target. We recently announced the divestment of business area Industry, which we expect to complete in the second half of 2027. This marks an important step toward a more focused NCC, built around contracting. Earnings Operating profit for the NCC Group, including the Industry business area, amounted to SEK 831 M (767) for the third quarter, adjusted for items affecting comparability. Total earnings across the business areas rose SEK 103 M, driven primarily by Industry. Cash flow for the quarter was strong, supported by positive changes in working capital, a property sale and higher operating income. NCC’s contracting business areas reported stable, slightly improved earnings and higher margins. For the quarter, the overall margin for contracting was 3.5 percent, in line with NCC’s current profitability target. Orders received in contracting grew for the fourth consecutive quarter, driven by Infrastructure and Building Nordics. Major orders during the quarter included bridges in Vestland County, Norway; a large office project in Denmark; and high-voltage power lines in Västra Götaland, Sweden. We continue to win complex projects in the early stages and in close collaboration with our customers, particularly in large projects with military ties and other security classified buildings. During the quarter, we signed a strategic cooperation agreement for security- classified projects in Sweden, with an estimated value of SEK 3–5 billion, not yet included in orders received. The Industry business area again delivered record earnings, thanks to high productivity and an improved product mix. Earnings in Property Development rose from a low base. In the third quarter of 2026, we completed a partial sale in the Hangar 5 project, valued at approximately SEK 800 M. The sale has generated a positive cash flow, but have no effect on earnings. A more focused NCC After the end of the third quarter, NCC signed an agreement to divest the business area Industry at an enterprise value of SEK 8.2 billion, with an expected positive cash flow effect of approximately SEK 7 billion. The transaction is subject to regulatory approval and is expected to be completed in the second half of 2027. The divestment will create a more focused NCC built around contracting, strengthening our opportunities for long-term growth in our core operations. The divestment reduces NCC’s capital intensity, unlocks significant capital and strengthens our financial flexibility. Going forward, we will focus on growing and developing the contracting operations, both organically and through selective acquisitions. Our third-quarter performance confirms that we are on the right track: profitability is improving, orders received are rising, and we are winning attractive projects where our expertise and experience make a difference. Tomas Carlsson, President and CEO Solna, November 3, 2026
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NCC AB Interim report Q3, January-September 2026 4 Group performance Market In general, NCC is impacted by the general economic situation and the GDP trend. Costs for input materials, the interest rate situation and expectations regarding future economic development have a significant impact. The long-term market conditions for construction and civil engineering, property development, and asphalt and stone in the Nordic region are positive. The countries where NCC operates in infrastructure have ambitious plans and investment initiatives in new construction, as well as refurbishment and maintenance of national and regional infrastructure. Urbanization and the emergence of new growth regions are driving investments in infrastructure in city outskirts, such as roads, public transport, water and wastewater systems, and energy solutions. Moreover, NCC is well positioned to support major industrial initiatives linked to the green transition. Underlying demand for public buildings throughout the Nordic region, security classified buildings, hospitals and nursing homes, is good. Similarly, the market for renovation and refurbishment also remains strong. There is a substantial long-term need for residential units, but the market remains negatively impacted by the prevailing economic conditions. Demand for commercial properties remains subdued, reflecting higher long-term interest rates. Demand for asphalt and stone materials is driven by investments in infrastructure and maintenance, as well as general construction and the priorities of public customers. Activity levels in these markets remain high. Net sales and earnings Net sales for continuing operations amounted to SEK 10,066 M (10,067) for the third quarter and to SEK 29,092 M (31,066) for the January - September period. During the quarter, the sale of the first phase of the Hangar 5 property project in Bromma increased net sales in Property Development, while net sales declined in contracting operations. In the January-September period, exchange rate effects had an impact of SEK -104 M (-425) on net sales. Operating profit for continuing operations before items affecting comparability amounted to SEK 290 M (294) for the third quarter and operating margins increased for all business areas. The quarter included restructuring costs of SEK 198 M pertaining to the relocation of the head office. The costs are recognized as items affecting comparability under Other operations. Operating profit after items affecting comparability totaled SEK 92 M (294). Operating profit for continuing operations before items affecting comparability amounted to SEK 592 M (689) for the January-September period. The operating margin for the period amounted to 2.0 percent (2.2). The decline was primarily due to increased dispute-related costs. NCC has an operating margin before items affecting comparability of 2.3 percent on a rolling 12-month basis. After items affecting comparability, operating profit amounted to SEK 394 M (689), the operating margin was 1.4 percent (2.2) and -1.0 percent on a rolling 12-month basis.
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NCC AB Interim report Q3, January-September 2026 5 Net financial items for continuing operations amounted to SEK -29 M (-47) for the quarter. Net financial items improved on the back of higher capitalization of interest in Property Development. Net financial items amounted to SEK -60 M (-93) for the period. Net financial items improved on the back of higher pension assets and the positive effect of higher capitalization of interest in Property Development. Effective tax Effective tax rate for continuing and discontinued amounted to 26 percent (25). As in prior years, the tax rate was high, primarily because of restrictions regarding interest deductions. The sale of the first phase of the Hangar 5 property project in Bromma in the third quarter had no earnings impact and, consequently, no positive effect on the effective tax rate. Cash flow Cash flow before financing for continuing and discontinued operations amounted to SEK 1,493 M (190) for the quarter. Cash flow was positively impacted by lower working capital, the divestment of a property project in Property Development, and higher operating profit. Cash flow before financing for continuing and discontinued operations amounted to SEK 82 M (-455) for the January-September period. This change was mainly due to the divestment in Property Development. At the end of the period, cash and cash equivalents for continuing and discontinued operations amounted to SEK 346 M (279), of which cash and cash equivalents for discontinued operations amounted to SEK 9 M. Debt and total assets At September 30, net debt for continuing and discontinued operations amounted to SEK -1,552 M (-2,613). The decrease in net debt was attributable to the positive impact of higher pension assets. Corporate net debt, meaning net debt excluding pension liabilities and lease liabilities, amounted to SEK -1,428 M (-1,363). At September 30, total assets for continuing and discontinued operations amounted to SEK 34,142 M (32,156). In terms of assets, the most significant changes were higher pension assets and ongoing property projects. In relation to liabilities, there was an increase in current liabilities, while long - term interest-bearing liabilities decreased. The average maturity of interest-bearing liabilities, excluding pension liability and lease liability, was 17 months (22) at the end of the quarter. At September 30, 2026, NCC’s unutilized committed lines of credit totaled SEK 4,136 M (3,361), with an average remaining maturity of 14 months (14). Capital employed Capital employed for continuing and discontinued operations was in line with the preceding period and amounted to SEK 12,782 M (12,526) as of September 30. The return on capital employed before items affecting comparability was 16 percent (16). The return on equity before items affecting comparability was 17 percent (20).
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NCC AB Interim report Q3, January-September 2026 6 Continuing and discontinued operations Supplementary disclosures Net sales and earnings Net sales amounted to SEK 14,340 M (14,168) for the third quarter, and SEK 38,210 M (39,788) for the January-September period. The increase during the quarter reflects profit recognition from the first phase of Hangar 5 in Property Development, as well as from Industry. In the January-September period, exchange rate effects had an impact of SEK -78 M (-561) on net sales. Operating profit before items affecting comparability amounted to SEK 831 M (767) for the third quarter and operating margins increased for all business areas. The quarter included restructuring costs of SEK 198 M pertaining to the relocation of the head office. The costs are recognized as items affecting comparability under Other operations. Operating profit after items affecting comparability totaled SEK 633 M (767). Operating profit before items affecting comparability amounted to SEK 1,229 M (1,246) for the January-September period. The operating margin for the period amounted to 3.2 percent (3.1). The decline was primarily due to increased dispute-related costs. NCC had an operating margin before items affecting comparability of 3.5 percent on a rolling 12-month basis. After items affecting comparability, operating profit amounted to SEK 1,031 M (1,246), the operating margin was 2.7 percent (3.1) and 1.0 percent on a rolling 12-month basis. Net financial items amounted to SEK -32 M (-49) for the quarter. Net financial items improved on the back of higher capitalization of interest in Property Development. Net financial items amounted to SEK -71 M (-100) for the January-September period. Net financial items improved on the back of higher pension assets and the positive effect of higher capitalization of interest in Property Development. Continuing and discontinued operations Supplementary disclosures Net sales, Jan-Sep, SEK M 38,210 Operating profit, Jan-Sep1), SEK M 1,229 1) Excluding items affecting comparability Net sales, SEK M Operating profit1), SEK M 1) Excluding items affecting comparability. 11,077 14,543 14,168 15,929 9,650 14,221 14,340 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 -170 649 767 692 -237 635 831 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3
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NCC AB Interim report Q3, January-September 2026 7 Financial targets and dividend policy NCC’s current financial targets were set on the basis of the Group including NCC Industry, and will be reviewed once the transaction has been completed. Against this background, a follow-up of the Group’s financial targets, encompassing both continuing and discontinued operations, is provided under “Supplementary disclosures.” NCC has two financial targets: earnings per share, and net debt in relation to EBITDA. The target is for earnings per share in the short to medium term to be a minimum of SEK 16. On a rolling 12-month basis, earnings per share before items affecting comparability amounted to SEK 13.90 after the third quarter. The target for corporate net debt is that it is to be less than 2.5 times EBITDA. After the third quarter of 2026, corporate net debt amounted to 1.17 times EBITDA on a rolling twelve-month basis. NCC’s dividend policy states that approximately 60 percent of after-tax profit for the year is to be distributed to shareholders. For 2025, NCC’s Annual General Meeting resolved on an ordinary dividend of SEK 9.00 per share, and an extra dividend of SEK 2.00 per share. The dividend is to be paid on two occasions, with the extra dividend to be paid on the first occasion. The record date for the first payment of SEK 6.50 per share was May 7, 2026, with payment occurring on May 12, 2026. For the second payment of SEK 4.50 per share, the record date is November 5, 2026, with payment occurring on November 10, 2026. A calculation based on the Group’s profit after tax, excluding items affecting comparability of approximately SEK 1.4 billion, and an ordinary dividend of SEK 9.00 per share yields an outcome of 65 percent. Continuing and discontinued operations Supplementary disclosures Target Earnings per share SEK1) ≥16 1) Excluding items affecting comparability Target Net debt/EBITDA <2.5 This refers to corporate net cash/net debt, that is, net cash/net debt excluding pension liability and lease liability. EBITDA refers to operating profit according to the income statement, with reversal of depreciation and impairment losses according to Note 2 and 3, excluding depreciation/amortization of right -of-use assets. 13,89 13,90 2025 Q3 2026, R12 0,27 1,17 2025 Q3 2026, R12
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NCC AB Interim report Q3, January-September 2026 8 Health and safety targets Health and safety is a highly prioritized area at NCC and a central component of the Group’s sustainability framework. All levels of the Group are committed to reducing the total number of accidents and completely avoiding accidents and incidents that could lead to serious injuries or fatalities. NCC has a Group-wide target for the accident frequency rate for accidents that lead to more than four days of absence per million worked hours (LTIF4) for the Group’s own employees. The target is to achieve 2.0 by 2026. The accident frequency rate was 3.3 on a rolling 12-month basis for the third quarter, which was in line with the preceding quarter. In September, NCC’s Awareness Day was held for the sixteenth consecutive year. The activity has a key role in efforts to strengthen a corporate culture that supports safety and continues to focus on risk behaviors. Climate and energy targets Climate and energy are prioritized areas in NCC’s sustainability framework. NCC’s long-term target is to achieve net-zero emissions by 2045. The interim target for emissions from own operations (Scope 1 and 2), as well as in the value chain (Scope 3) is a reduction of 42 percent by 2030, in line with the Paris Agreement’s goal of 1.5°C. The base year is 2024, with the addition of reference values for 2020. The targets will be revised once Industry is no longer part of NCC. NCC reports emissions data on a half-yearly basis, and the results are communicated in the interim reports for the first and third quarters. The table shows the outcome for the rolling 12-month period ending in June 2026, with a reduction of 31 percent¹ in Scope 1 and 2 emissions, corresponding to 50,700 tons of CO₂e. The reduction was primarily the result of NCC’s continued phase-out of fossil fuels and energy-efficiency improvements in operations. Scope 3 emissions data is reported on a full-year basis. NCC’s Climate Transition Plan identifies materials, transportation and production, as well as fleet and machinery, as priority areas for reducing emissions across the value chain. The key performance indicators for ready - mix concrete and steel reinforcement reflect trends in some of the most climate-intensive material groups and serve as important metrics for the plan’s implementation. Refer to NCC’s Annual and Sustainability Report for further information. Reference value¹ Base year 2024 2025 R12 Jul- Jun 2025/2026 Change since base year with reference value GHG emissions, scope 1& 2 (ton CO₂e) 161,400 120,100 117,000 110,700 -31% Emission intensity Scope 1 & 2 (ton CO₂e/ SEK M) 3.0 1.9 2.1 2.1 -32% Scope 3 Ready-mix concrete (kg CO₂e/m³)² 275 246 239 234 -15% Scope 3 Steel reinforcement (kg CO₂e/ton) 561 431 431 414 -26% 1) Historical data have been updated. 2) From H1 2026, the figures are reported on a net basis; comparative periods have been restated. Target 2026 Accident frequency ≤2.0 Accident frequency: Worksite accidents resulting in more than four days of absence per one million hours worked, for own workforce. Target 2030 Scope 1 and 2 -42% Scope 3 -42% 5.1 4.6 5.8 4.1 3.6 3.7 4.1 4.0 3.3 3.5 3.3 Target 2026: ≤ 2.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 R12, 2026 Q3 2026 0 1 2 3 4 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 ton CO2e/ SEK Mton CO2e Scope 2 Scope 1 Emission intensity (scope 1 and 2)
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NCC AB Interim report Q3, January-September 2026 9 Order status Orders received and order backlog, continuing operations Orders received in the third quarter amounted to SEK 10,832 M (8,768), up 24 percent year-on-year and were attributable to the Infrastructure and Building Nordics business areas. Orders received in the period January – September amounted to SEK 32,369 M (29,107). Changes in exchange rates impacted orders received by SEK 19 M (-308). The order backlog increased to SEK 48,190 M (45,437) at the end of the period. The Infrastructure, Building Nordics and Green Industry Transformation business areas grew, while Building Sweden declined. Supplementary disclosures - Orders received and order backlog, continuing and discontinued operations For the third quarter, orders received amounted to SEK 12,829 M (11,135). Orders received increased in Building Nordics and Infrastructure, while it decreased in Building Sweden. The higher orders received in Building Nordics and Infrastructure were attributable to several major projects being registered in the period. Orders received in the period January – September amounted to SEK 41,709 M (38,530). Changes in exchange rates impacted orders received by SEK 6 M (-457). The order backlog amounted to SEK 50,854 M (48,318) at the end of the period. The increase was attributable to the Building Nordics, Green Industry Transformation and Infrastructure business areas. Orders received in Building Sweden were lower than for the comparative period. Orders received per business area Examples of orders and contracts during the third quarter of 2026 • Infrastructure to build bridges in Vestland County, Norway. Order value app. SEK 1.4 billion • Building Nordics to refurbish and remodel offices in Lyngby, Denmark. Order value app. SEK 1.2 billion • Infrastructure to construct 70 km of high-voltage power lines in Västra Götaland. Sweden. Order value app. SEK 1 billion • In Northern Norway, Infrastructure is expanding the Kjøllefjord fishing port. Order value app. SEK 500 M • Building Nordics to build new premises for Finnish Customs in Vantaa. Order value app. SEK 440 M • Building Nordics is constructing schools in Nesodden, Norway (SEK 340 M) and in Turku, Finland (SEK 300 M). • In Aalborg, Denmark, Building Nordics to refurbish residential units. Order value app. SEK 220 M • In Turku, Finland, Building Nordics is constructing a nursing home (SEK 200 M) and a residential care facility (SEK 150 M). • Infrastructure to construct high-voltage substation in Zealand, Denmark. Order value app. SEK 190 M • Building Nordics to convert factory building to rental units in Turku. Order value app. SEK 180 M R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 NCC Infrastructure 5,215 3,286 14,231 12,036 16,388 14,193 NCC Building Nordics 4,160 2,306 10,032 6,235 15,646 11,849 NCC Building Sweden 1,560 3,048 6,235 10,316 9,985 14,065 NCC Other and eliminations -102 129 1,870 519 1,899 549 Total orders received from continuing operations 10,832 8,768 32,369 29,107 43,918 40,656 Orders received from discontinued operations 1,997 2,368 9,341 9,423 12,253 12,336 Total orders received from continuing and discontinued operations 12,829 11,135 41,709 38,530 56,171 52,992 Q3 Jan-Sep Continuing and discontinued operations Supplementary disclosures Orders received, Jan-Sep, SEK M 41,709 Orders received, SEK M Order backlog, SEK M 14,002 13,392 11,135 14,462 14,751 14,129 12,829 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 52,431 51,478 48,318 46,079 51,507 51,303 50,854 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3
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NCC AB Interim report Q3, January-September 2026 10 NCC Infrastructure Orders received and order backlog Orders received amounted to SEK 5,215 M (3,286) for the third quarter and to SEK 14,231 M (12,036) for the January-September period. The Energy & Water Treatment and Groundworks segments jointly accounted for over half of orders received during the January-September period. The order backlog was higher than in the preceding year and amounted to SEK 16,397 M (15,901) at the end of the quarter, primarily due to several major projects that were registered during the quarter. Net sales and earnings Net sales totaled SEK 3,836 M (4,513) for the third quarter, and SEK 11,008 M (12,984) for the January-September period. Energy & Water Treatment and Groundworks accounted for the highest shares of total net sales. Operating profit amounted to SEK 155 M (153) for the third quarter and to SEK 347 M (372) for the January-September period. The operating margin was 4.0 percent (3.4) for the quarter, reflecting the higher quality of the order backlog. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Orders received 5,215 3,286 14,231 12,036 16,388 14,193 Order backlog 16,397 15,901 16,397 15,901 16,397 12,800 Net sales 3,836 4,513 11,008 12,984 16,203 18,179 Operating profit/loss 155 153 347 372 515 540 Operating margin, % 4.0 3.4 3.1 2.9 3.2 3.0 Q3 Jan-Sep Orders received, Jan-Sep Net sales, Jan-Sep Net sales, Jan-Sep Share of net sales, continuing operations Jan-Sep 37% Roads 16 (9)% Railways 5 (20)% Energy & Water Treatment 41 (31)% Groundworks 17 (22)% Industry 6 (8)% Foundation engineering 9 (7)% Other 6 (3)% Roads 9 (8)% Railways 11 (29)% Energy & Water Treatment 35 (30)% Groundworks 22 (19)% Industry 10 (7)% Foundation engineering 7 (6)% Other 6 (1)% Sweden 69 (67)% Denmark 16 (16)% Norway 15 (17)%
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NCC AB Interim report Q3, January-September 2026 11 NCC Building Nordics Orders received and order backlog Orders received amounted to SEK 4,160 M (2,306) for the third quarter and to SEK 10,032 M (6,235) for the January-September period. The increase in orders received was primarily related to the Finnish operations, although all countries supported the improvement. Combined, Public Buildings and Refurbishment/Conversion accounted for 72 percent of total orders received. Public buildings, Offices and Refurbishment/Conversion increased marginally, while Residential and Other decreased slightly year-on-year. The order backlog was higher than in the preceding year and amounted to SEK 15,892 M (12,706) at the end of the quarter. Net sales and earnings Net sales totaled SEK 3,114 M (3,126) for the third quarter, and SEK 9,160 M (9,667) for the January-September period. Net sales were down slightly, primarily due to negative exchange rate effects and lower volumes in Finland and Norway, which were partially offset by a strong performance in Denmark. Public Buildings accounted for 44 percent of net sales, followed by the Refurbishment/Conversion segment. Residential remained a weak segment. Operating profit amounted to SEK 112 M (105) for the quarter and to SEK 248 M (257) for the January-September period. The operating margin was 3.6 percent (3.4) for the quarter. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Orders received 4,160 2,306 10,032 6,235 15,646 11,849 Order backlog 15,892 12,706 15,892 12,706 15,892 14,249 Net sales 3,114 3,126 9,160 9,667 12,873 13,380 Operating profit/loss 112 105 248 257 463 473 Operating margin, % 3.6 3.4 2.7 2.7 3.6 3.5 Q3 Jan-Sep Orders received, Jan-Sep Net sales, Jan-Sep Net sales, Jan-Sep Share of net sales, continuing operations Jan-Sep 31% Offices 16 (15)% Residential 1 (2)% Refurbishment/Conversion 25 (24)% Public Buildings 47 (45)% Other 11 (14)% Offices 12 (16)% Residential 2 (5)% Refurbishment/Conversion 25 (25)% Public Buildings 44 (41)% Other 17 (13)% Denmark 65 (59)% Norway 11 (16)% Finland 24 (25)%
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NCC AB Interim report Q3, January-September 2026 12 NCC Building Sweden Orders received and order backlog Orders received amounted to SEK 1,560 M (3,048) for the third quarter and to SEK 6,235 M (10,316) for the January-September period. Refurbishment/Conversion accounted for the largest share of orders received, with the same segment also representing the largest increase. Residential also increased year-on-year, while Offices and Public Buildings decreased year-on-year. The order backlog was down slightly year-on-year, but remained at a healthy level relative to net sales for one year. At the end of the quarter, it amounted to SEK 14,111 M (16,179). Net sales and earnings Net sales amounted to SEK 2,407 M (2,564) for the third quarter and to SEK 8,328 M (9,107) for the January-September period. Public Buildings accounted for the largest share of net sales and also for the greatest increase due to a strong order backlog in the segment. Operating profit amounted to SEK 65 M (59) for the third quarter and to SEK 226 M (181) for the January-September period. The improvement was supported by the higher quality of the project portfolio. The operating margin increased to 2.7 percent (2.3) for the quarter and 2.7 percent (2.0) for the January-September period. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Orders received 1,560 3,048 6,235 10,316 9,985 14,065 Order backlog 14,111 16,179 14,111 16,179 14,111 16,204 Net sales 2,407 2,564 8,328 9,107 12,052 12,832 Operating profit/loss 65 59 226 181 316 271 Operating margin, % 2.7 2.3 2.7 2.0 2.6 2.1 Q3 Jan-Sep Orders received, Jan-Sep Net sales, Jan-Sep Share of net sales, continuing operations Jan-Sep 28% Offices 9 (19)% Residential 13 (6)% Refurbishment/Conversion 41 (20)% Public Buildings 21 (42)% Other 16 (13)% Offices 12 (11)% Residential 12 (16)% Refurbishment/Conversion 22 (20)% Public Buildings 37 (33)% Other 17 (20)%
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NCC AB Interim report Q3, January-September 2026 13 NCC Property Development Net sales and earnings Net sales amounted to SEK 864 M (122) for the third quarter and to SEK 1,081 M (289) for the January-September period. The increase in net sales was attributable to the sale of the first phase of the Hangar 5 property project in Bromma. Operating profit amounted to SEK 12 M (-10) for the third quarter and to SEK 30 M (0) for the January-September period. The sale of the first phase of Hangar 5 had no earnings impact. Property projects No projects were started during the January-September period. However, in the year-earlier period a public building project, Cleantech Garden, was started and divested in Finland. Letting amounted to 17,221 square meters (18,387) in the January- September period, including 12,593 square meters (756) in the third quarter. During the January-September period, a total of 10 new leases (12) were signed in Sweden and Finland, of which 4 (1) in the third quarter. At the end of the third quarter, 9 projects (9) were ongoing or completed but not yet recognized in profit. Costs incurred in all projects amounted to SEK 7.9 billion (8.0), which corresponded to a total completion rate of 73 percent (66). The completion rate for ongoing projects was 46 percent (25). The total letting rate during the quarter was 89 percent (81). Operating net amounted to SEK 53 M (61) for the quarter and to SEK 168 M (167) for the January - September period. Operating capital employed Operating capital employed was lower at the end of the quarter and totaled SEK 7,043 M (8,024). The lower level of capital employed was attributable primarily to impairment in the fourth quarter of 2025 as well as to the sale of one project in the quarter. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Net sales 864 122 1,081 289 1,370 577 Operating profit/loss 12 -10 30 0 -834 -864 Operating margin, % 1.3 -7.8 2.8 0.0 -60.9 -149.7 Operating capital employed ¹ 7,043 8,024 7,043 8,024 7,043 7,215 Return on operating capital employed, % ¹ -11.3 6.8 -11.3 6.8 -11.3 -11.1 1) See definition at NCC:s website, ncc.com/investor-relations/ncc-share/financial-definitions/ Q3 Jan-Sep Net sales, Jan-Sep Letting 1) 1) Total letting also includes previously sold and profit - recognized property projects where NCC works with letting. Property projects Share of net sales, continuing operations Jan-Sep 4% Sweden 90 (59)% Denmark 0 (12)% Norway 0 (1)% Finland 10 (28)% 0% 10% 20% 30% 40% 50% 60% 0 50 100 150 200 250 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3 Tsqm Available for lease Leased in the quarter Sold, no leasing Previously leased Leased in quarter/leasable area (%) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Q1 25 Q2 Q3 Q4 Q1 26 Q2 Q3 Q3 Occupancy rate Completion rate
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NCC AB Interim report Q3, January-September 2026 14 NCC Property Development Property development projects as of 2026-09-30 Ongoing Property development projects1 Project Type Location Sold, estimated recognition in profit Completion ratio, % Lettable area (sqm) Letting ratio, %⁴ Cleantech Garden Public Property Espoo Q2 2027 73 13,800 95 Total Finland 73 13,800 95 Yrket 4 ² Office Solna Q2 2028 37 52,000 100 Park Central ³ Office Gothenburg Q4 2028 54 15,200 58 Total Sweden 42 67,200 90 Total 46 81,000 90 x Completed Property development projects1 Project Type Location Sold, estimated recognition in profit Completion ratio, % Lettable area (sqm) Letting ratio, %⁴ We Land Office Helsinki 21,000 100 Kulma21 Office Helsinki 7,700 100 Total Finland 28,700 97 Nova Office Solna 9,800 58 Flow Hyllie Office Malmö 10,300 85 Habitat 7 Office Gothenburg 7,800 62 Bromma Blocks Office Stockholm 40,000 90 Total Sweden 67,900 81 Total 96,600 87 x 1) The tables refers to ongoing or completed property projects that have not yet been recognized as revenue. 2) Indicated leasable area for the project Yrket 4 refers to gross area. 3) The project covers a total of approximately 40,000 square meters and lettable area of approximately 30,400 square meters. The project is carried out together with Jernhusen, a Swedish state-owned property company. In December 2021 an agreement was entered to jointly develop Park Central in joint venture through a jointly owned company. NCC has acquired 50 percent of the property-owning company from Jernhusen that will repurchase the part when the property is completed and certain critera is fulfilled. Timing shift to 2028 following the revised letting schedule.The data in the table refers to NCC's share of the project. 4) The proportion of expected rental income represented by signed leases (also known as the economic occupancy rate).
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NCC AB Interim report Q3, January-September 2026 15 Other operations NCC Green Industry Transformation The Green Industry Transformation business area carries out contracting operations focused on large projects driven by the industrial transition and that require special expertise and resources. As a first step, the business area is focusing on construction related to mining and steel production in northern Sweden. NCC has two agreements with LKAB: a long-term early involvement agreement for construction projects for the development of sponge iron production and an early involvement agreement related to a new sorting plant. The construction of the sorting plant is proceeding. NCC signed an early involvement agreement with SSAB for the planning and execution of building and civil engineering work for a new steel mill in Luleå for SSAB. Groundworks are in progress. Other and eliminations Since the fourth quarter of 2025 (in conjunction with the Swedish Transport Administration terminating the Korsvägen contract), NCC has chosen to recognize dispute-related costs under Other operations” given that they have increased sharply and are expected to remain for some time to come. The assessment is that NCC is in a good position to recoup some of the costs. However, both the timing and the extent of this are subject to considerable uncertainty. During the quarter, restructuring costs of SEK 198 M were recognized in connection with the previously announced relocation of the head office to the Hangar 5 office complex. The costs are recognized as an item affecting comparability under the line item Other adjustments and eliminations. Items affecting comparability totaling SEK 1,427 M were recognized in the fourth quarter of 2025, primarily attributable to impairment charges in Property Development. Impairment charges of SEK 256 M pertaining to worked up costs in operating profit were recognized under Other and Eliminations. Other adjustments and eliminations include Group-level adjustments related to IFRS 16 Leases and IAS 19 Pensions. Ongoing property development projects where work is still being conducted had a negative impact on the elimination of internal profits. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 NCC's Group function and business area NCC Green Industry Transformation -33 -40 -238 -233 -433 -429 Disputed-related costs -61 - -170 - -180 -11 Eliminations of internal profits -22 -10 -56 -34 -70 -49 Other adjustments and eliminations -136 36 7 148 -172 -32 Operating profit/loss -252 -14 -456 -120 -856 -519 Q3 Jan-Sep
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NCC AB Interim report Q3, January-September 2026 16 Discontinued operations NCC Industry On October 7, a binding agreement was signed to sell business area Industry to Heidelberg Materials and CRH. Heidelberg Materials is acquiring the operations in Sweden and Norway, while CRH is acquiring the operations in Denmark and Finland. The transaction is subject to approval by relevant authorities. Accordingly, with effect from the third quarter of 2026, the NCC Industry business area is classified as assets held for sale and discontinued operations. The overview of discontinued operations is presented in summary form. For further information on divestments and discontinued operations, refer to notes 1 and 8. The figures below have been presented in accordance with IFRS 5, with Group adjustments allocated to the former Industry business area. Owing to the change in presentation, the figures are not fully comparable with those previously reported for the Industry business area. Group adjustments have not, however, been allocated to the divisions within the former Industry business area, so the graphs on the right are based on information prior to the application of IFRS 5. This is not expected to affect the overview of the relative distribution among divisions and countries. Orders received Orders received amounted to SEK 1,997 M (2,368) for the third quarter and to SEK 9,341 M (9,423) for the January-September period. The year-on-year decline in orders received in the third quarter was mainly attributable to the asphalt operations. Net sales and earnings Net sales increased year-on-year and amounted to SEK 4,274 M (4,100) for the third quarter and to SEK 9,118 M (8,723) for the January-September period. The increases were mainly attributable to an improved price/mix in the asphalt business. Operating profit increased year-on-year to SEK 541 M (473) for the third quarter and to SEK 637 M (557) for the January-September period. The earnings performance was primarily attributable to higher productivity and prices. The operating margin was 12.7 percent (11.5) for the third quarter and 7.0 percent (6.4) for the January - September period. The improvement was mainly driven by the asphalt operations. R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Orders received 1,997 2,368 9,341 9,423 12,253 12,336 Net sales 4,274 4,100 9,118 8,723 12,527 12,131 Operating profit/loss 541 473 637 557 948 868 Operating margin, % 12.7 11.5 7.0 6.4 7.6 7.2 Stone thousand tonnes, sold volume 5,762 6,235 15,939 17,630 22,443 24,134 Asphalt thousand tonnes, sold volume 1,873 1,945 3,883 3,937 5,273 5,326 Jan-SepQ3 Orders received, Jan-Sep Net sales, Jan-Sep Net sales, Jan-Sep Asphalt and paving 77 (77)% Stone materials 23 (23)% Asphalt and paving 77 (75)% Stone materials 23 (25)% Sweden 56 (54)% Denmark 21 (22)% Norway 21 (22)% Finland 2 (2)%
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NCC AB Interim report Q3, January-September 2026 17 Geographical areas Sweden • Net sales was slightly higher year-on-year, while orders received were lower. • Infrastructure to construct 70 kms of high-voltage power lines in Västra Götaland for approx. SEK 1 billion. • Building Sweden is launching a partnership with the Swedish Fortifications Agency to establish a new artillery regiment in Kristinehamn. • Building Sweden and Infrastructure have signed a long-term strategic partnering agreement with an undisclosed customer for security classified projects. The value of the agreement is estimated to be between SEK 3 and 5 billion. 57% Share of net sales, continuing operations Net sales per business area, Jan-Sep Denmark • Both net sales and orders received were on a par with the corresponding period in the preceding year • Building Nordics has been commissioned by Velliv to refurbish and remodel a new head office in Lyngby, Denmark. The order value is approx. SEK 1.2 billion. • Building Nordics has been commissioned by the municipal company Himmerland Boligforening to refurbish 350 residential units in Aalborg for approx. SEK 220 M. • Infrastructure has been commissioned by Energinet to construct a 400 kV air-insulated switchgear (AIS) substation at Ringsbjerg in Zealand. The order value is approx. SEK 190 M. 27% Share of net sales, continuing operations Net sales per business area, Jan-Sep Norway • While orders received were higher year-on-year, net sales were down. • Infrastructure will build the Atløy Link. The project, which will connect Atløy island with mainland, encompasses the construction of three bridges, together with associated roads. The customer is Vestland County Council and the order value is approx. SEK 1.4 billion. • Infrastructure has also been commissioned by the Norwegian Coastal Administration to expand the Kjøllefjord fishing port in north. The order value is approx. SEK 500 M. • Building Nordics has signed an agreement with the South-Eastern Norway Regional Health Authority to expand healthcare buildings for mental health care and substance abuse treatment at Nya Aker Hospital in Oslo. 9% Share of net sales, continuing operations Net sales per business area, Jan-Sep Finland • Orders received were up year-on-year. Net sales were unchanged. • Building Nordics has been contracted by Senate Properties to build new premises for Finnish Customs in Vantaa. The order value is approx. SEK 440 M. • Building Nordics has been commissioned by KOy Turun monitoimitilat to construct the new junior high school in Turku. The order value is approx. SEK 300 M. • NCC has also been commissioned by Hemsö to construct a new nursing home in Turku. The order value is approx. SEK 200 M. 7% Share of net sales, continuing operations Net sales per business area, Jan-Sep R12 Oct-Sep Jan-Dec SEK M 2026 2025 2025/2026 2025 Orders received 3,912 5,131 22,082 23,937 Net sales 5,788 5,365 24,030 24,598 Q3 NCC Infrastructure 45 (49)% NCC Building Sweden 49 (50)% NCC Property Development 6 (1)% R12 Oct-Sep Jan-Dec SEK M 2026 2025 2025/2026 2025 Orders received 2,486 2,471 10,935 9,901 Net sales 2,573 2,583 10,856 10,832 Q3 NCC Infrastructure 23 (26)% NCC Building Nordics 77 (74)% R12 Oct-Sep Jan-Dec SEK M 2026 2025 2025/2026 2025 Orders received 3,042 941 5,472 2,685 Net sales 976 1,384 3,878 5,032 Q3 NCC Infrastructure 62 (58)% NCC Building Nordics 38 (42)% R12 Oct-Sep Jan-Dec SEK M 2026 2025 2025/2026 2025 Orders received 1,392 224 5,430 4,133 Net sales 729 734 2,849 3,124 Q3 NCC Building Nordics 95 (97)% NCC Property Development 5 (3)%
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NCC AB Interim report Q3, January-September 2026 18 Other disclosures Significant risks and uncertainties A description of the risks to which NCC may be exposed is provided in the 2025 Annual and Sustainability Report (pages 30–34). This assessment still applies. In addition to the risks and uncertainties described in the annual report, the planned divestment of Industry has increased our exposure to execution and separation risks. These relate primarily to meeting the conditions for completing the transaction; separating systems, processes, agreements, and organizational functions; and the possibility of disruptions and higher-than- expected costs. Such risks could affect both continuing and discontinued operations, as well as the Group’s earnings, financial position and cash flow. Related party transactions Related parties are NCC’s subsidiaries, associated companies and joint arrangements. Related-company sales for continuing operations during the third quarter amounted to SEK 13 M (15) and purchases to SEK 9 M (5). For the January–September period, sales amounted to SEK 42 M (48) and purchases to SEK 28 M (20). Repurchase of shares At September 30, NCC AB had a total of 1,630,966 Series B shares in treasury to cover the commitments according to the long-term incentive programs. Effects of NCC’s head office relocation NCC will move its headquarters from Solna to the Hangar 5 office complex in Bromma in the third quarter of 2027. The move is expected to result in an annual reduction in NCC’s costs of approximately SEK 50 M, with full effect starting in 2028. Following the move, the remaining obligation under the current lease in Solna, which extends through 2029, has been recognized as an item affecting comparability of SEK 198 M in third- quarter 2026 earnings. This expense has no cash flow impact. NCC’s Korsvägen project NCC has, as part of the West Link Contractors (WLC) consortium, been carrying out the Korsvägen project since 2018. NCC has a 60-percent share in the consortium. In September 2025, the customer, the Swedish Transport Administration, opted to terminate the contract. NCC and the WLC consortium believe the termination has no legal basis and is claiming significant compensation for the damage incurred as a result of the Swedish Transport Administration’s decision. WLC has filed a claim for approximately SEK 2.3 billion against the Swedish Transport Administration. Further claims will be made. As of September 30, 2026, the Swedish Transport Administration has claimed for damages of approximately SEK 2.7 billion against WLC. NCC and WLC contest the claim. Seasonal effects Industry’s operations and certain operations in Infrastructure, Building Nordics and Building Sweden are impacted by seasonal variations due to weather conditions. Earnings in the first quarter are normally weaker than the rest of the year. Amounts and dates Unless otherwise indicated, amounts are stated in SEK millions (SEK M). All comparative figures in this report pertain to the year-earlier period. Rounding-off differences may arise in all tables. Significant events after the end of the period NCC divests Industry business area On October 7, a binding agreement was signed to sell the Industry business area to Heidelberg Materials and CRH. Heidelberg Materials is acquiring the operations in Sweden and Norway, while CRH is acquiring the operations in Denmark and Finland. The transaction is subject to approval by relevant authorities. Accordingly, with effect from the third quarter of 2026, the NCC Industry business area is classified as assets held for sale and discontinued operations. For further information on divestments and discontinued operations, refer to notes 1 and 8. Signatures Solna, November 3, 2026 Tomas Carlsson President and CEO
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NCC AB Interim report Q3, January-September 2026 19 Auditor’s review report To the Board of Directors of NCC AB, Corp. Reg. No.556034 -5174 Introduction We have reviewed the condensed interim financial information (interim report) for NCC AB (publ) for September 30, 2026 and the nine-month period then ended. The Board of Directors and the President are responsible for the preparation and presentation of 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 review. Scope of review We conducted our review in accordance with the International Standard on Review Engagements, ISRE 2410 Review of Interim Financial Statements Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other generally accepted auditing standards in Sweden. The procedures performed in a review do not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act regarding the Group, and in accordance with the Swedish Annual Accounts Act regarding the Parent Company. Stockholm, November 3, 2026 Öhrlings PricewaterhouseCoopers AB Patrik Adolfson Authorized Public Accountant
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NCC AB Interim report Q3, January-September 2026 20 Condensed consolidated income statement Note R12 Oct-Sep Jan-Dec SEK M 1 2026 2025 2026 2025 2025/2026 2025 CONTINUING OPERATIONS Net sales 5 10,066 10,067 29,092 31,066 41,613 43,586 Production costs 2, 3 -9,142 -9,144 -26,353 -28,290 -37,521 -39,459 Gross profit 923 923 2,740 2,775 4,091 4,127 Selling and administrative expenses 2 -634 -600 -2,139 -2,056 -3,104 -3,021 Other operating income/expenses 0 -29 -9 -30 -14 -36 Operating profit/loss before items affecting comparability 5 290 294 592 689 973 1,070 Items affecting comparability -198 - -198 - -1,368 -1,170 Operating profit/loss after items affecting comparability 92 294 394 689 -395 -100 Financial income 11 7 62 58 70 66 Financial expense ¹ -40 -54 -122 -151 -164 -193 Net financial items 5 -29 -47 -60 -93 -94 -126 Profit/loss after financial items 5 63 246 334 596 -489 -227 Tax -16 -75 -87 -154 -206 -274 Net profit/ loss for the period from continuing operations 47 172 247 442 -695 -500 DISCONTINUED OPERATIONS 8 Discontinued operations, net after tax 398 363 464 423 683 642 Net profit/loss for the period from discontinued operations 398 363 464 423 683 642 CONTINUING AND DISCONTINUED OPERATIONS Profit/loss from continuing operations and discontinued operations 444 534 711 865 -13 142 Attributable to: NCC´s shareholders 444 534 711 865 -13 142 Net profit/loss for the period 444 534 711 865 -13 142 Earnings per share, before and after dilution Net profit/loss for the period, before items affecting comparability, SEK 6.13 5.47 8.86 8.85 13.90 13.89 Net profit/loss for the period, after items affecting comparability, SEK 4.53 5.47 7.25 8.85 -0.13 1.45 Earnings per share, before and after dilution, continuing operations Net profit/loss for the period, before items affecting comparability, SEK 2.07 1.76 4.12 4.52 6.93 7.33 Net profit/loss for the period, after items affecting comparability, SEK 0.47 1.76 2.52 4.52 -7.10 -5.12 Number of shares, millions Total number of issued shares 99.8 99.8 99.8 99.8 99.8 99.8 Average number of shares outstanding before and after dilution during the period 98.1 97.8 98.0 97.8 97.9 97.8 Number of shares outstanding at the end of the period 98.1 97.8 98.1 97.8 98.1 97.8 1) Of which interest expenses for the quarter SEK -33 M (-52) and for the period SEK -102 M (-143). Q3 Jan-Sep
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NCC AB Interim report Q3, January-September 2026 21 Consolidated statement of comprehensive income Note R12 Oct-Sep Jan-Dec SEK M 1 2026 2025 2026 2025 2025/2026 2025 Net profit/loss for the period 444 534 711 865 -13 142 Items that may be recycled to net profit/loss Exchange differences on translating foreign operations continuing operations 72 -8 180 -89 178 -90 Exchange differences on translating foreign operations discontinued operations 74 -10 154 -72 101 -126 Cash flow hedges continuing operations 14 5 34 -2 26 -10 Cash flow hedges discontinued operations 38 7 35 5 29 -1 Income tax relating to items that may be recycled, continuing operations -3 -1 -7 1 -5 2 Income tax relating to items that should be recycled, discontinuing operations -8 -2 -7 -1 -6 0 187 -8 389 -159 323 -225 Items that can not be recycled to net profit/loss Revaluation of defined benefit pension plans continuing operations 527 362 462 16 873 426 Revaluation of defined benefit pension plans discontinued operations 71 12 71 12 124 64 Fair value changes on financial assets measured at fair value through other comprehensive income, equity instruments continuing operations -17 - -52 - -52 - Income tax relating to items that can not be recycled, continuing operations -109 -75 -95 -3 -180 -88 Income tax relating to items that can not be recycled, discontinued operations -15 -2 -15 -2 -25 -13 458 297 371 22 739 390 Other comprehensive income 645 289 760 -137 1,062 164 Total comprehensive income 1,090 823 1,471 728 1,049 306 Attributable to: NCC´s shareholders 1,090 823 1,471 728 1,049 306 Total comprehensive income 1,090 823 1,471 728 1,049 306 Jan-SepQ3
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NCC AB Interim report Q3, January-September 2026 22 Condensed consolidated balance sheet Note SEK M 1 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS Goodwill 842 1,893 1,858 Other intangible assets 889 854 959 Right-of-use assets 4 930 1,506 1,441 Owner-occupied properties 106 897 907 Machinery and equipment 406 1,961 1,947 Long-term interest-bearing receivables 6 257 240 305 Pension receivable 1,458 312 722 Other financial fixed assets 6 188 640 518 Total fixed assets 5,075 8,304 8,658 Properties held for future development 1,102 1,256 1,086 Ongoing property projects 1,445 620 818 Completed property projects 5,611 6,875 6,059 Participations in associated companies 253 217 212 Materials and inventories 115 1,184 1,097 Accounts receivable 7,111 9,209 8,557 Worked-up, not-invoiced revenues 1,470 1,918 810 Current interest-bearing receivables 139 137 171 Other current receivables 4 1,750 1,545 1,602 Short-term investments 6 661 611 626 Cash and cash equivalents 337 279 887 Assets discontinued operations 8 9,072 - - Total current assets 29,066 23,853 21,925 Total assets 34,142 32,156 30,582 EQUITY Shareholders´ equity 8,316 8,334 7,917 Total shareholders´ equity 8,316 8,334 7,917 LIABILITIES Long-term interest-bearing liabilities 6 1,715 2,872 2,734 Other long-term liabilities 1,468 1,408 1,549 Other provisions 1,850 2,267 2,343 Total long-term liabilities 5,033 6,548 6,627 Current interest-bearing liabilities 6 2,046 1,320 1,143 Accounts payable 4,192 5,340 5,019 Invoiced revenues not worked-up 5,584 5,937 4,861 Other current liabilities 4,007 4,678 5,016 Liabilites attributable to assets discontinued operations 8 4,964 - - Total current liabilities 20,794 17,275 16,039 Total liabilities 25,826 23,823 22,666 Total shareholders´ equity and liabilities 34,142 32,156 30,582
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NCC AB Interim report Q3, January-September 2026 23 Condensed consolidated changes in shareholders’ equity Condensed consolidated cash flow statement SEK M Opening balance 867 7,049 7,917 867 7,796 8,663 Total comprehensive income - 1,471 1,471 - 728 728 Dividend - -1,076 -1,076 - -1,076 -1,076 Performance based incentive program - 4 4 - 18 18 Closing balance 867 7,448 8,316 867 7,467 8,334 30 Sep 2026 30 Sep 2025 Total shareholder´s equity Share capital Profit brought forward Total shareholder´s equity Share capital Profit brought forward R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 OPERATING ACTIVITIES Operating profit/loss, continuing operations 92 294 394 689 -395 -100 Operating profit/loss, operation avaible for sale¹ 541 473 637 557 948 868 Adjustments for items not included in cash flow 458 197 903 540 2,219 1,855 Interest paid and received -23 -58 -86 -100 -102 -116 Taxes paid and received -14 -7 -175 -96 -62 16 Cash flow from operating activities before changes in working capital 1,054 898 1,674 1,591 2,607 2,523 Divestment of property projects 623 72 656 72 854 270 Gross investments in property projects -266 -229 -724 -553 -1,046 -875 Cash flow from property projects 357 -157 -68 -481 -192 -605 Other changes in working capital 184 -388 -1,190 -1,175 -20 -6 Cash flow from changes in working capital 541 -545 -1,258 -1,657 -212 -611 Cash flow from operating activities 1,595 353 416 -66 2,395 1,912 INVESTING ACTIVITIES Acquisition/sale of subsidiaries and other holdings -57 7 -37 26 -95 -33 Acquisition/sale of tangible fixed assets 20 -101 -84 -214 -236 -367 Acquisition/sale of other fixed assets -65 -69 -213 -201 -374 -362 Cash flow from investing activities -102 -163 -334 -389 -706 -761 Cash flow before financing 1,493 190 82 -455 1,689 1,151 FINANCING ACTIVITIES Cash flow from financing activities -1,421 -1,189 -624 -2,174 -1,621 -3,171 Cash flow during the period 72 -999 -542 -2,629 68 -2,020 Cash and cash equivalents at beginning of period 274 1,278 887 2,910 279 2,910 Effects of exchange rate changes on cash and cash equivalents 0 0 1 -2 0 -2 Cash and cash equivalents at end of period² 346 279 346 279 346 887 Q3 Jan-Sep 1) Further information regarding discontinued operations is provided in Note 8. 2) When reconciling cash and cash equivalents to the balance sheet, for the period January-September, SEK 337 M is included in the line item Cash and cash equivalents and SEK 9 M in the line item discontinued operations.
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NCC AB Interim report Q3, January-September 2026 24 Condensed consolidated net debt R12 Oct-Sep Jan-Dec SEK M 2026 2025 2025/2026 2025 Net cash +/Net debt - opening balance -1,165 -1,164 -2,613 -1,164 - Cash flow from operating activities 416 -66 2,395 1,912 - Cash flow from investing activities -334 -389 -706 -761 Cash flow before financing continued operations 144 -677 685 -136 Cash flow before financing discontinued operations -62 222 1,004 1,288 Change in provisions/receivables for pensions continued operations 664 299 1,065 700 Change in provisions/receivables for pensions discontinued operations 110 -81 119 -72 Change in leasing debt continued operations -287 -305 -344 -362 Change in leasing debt discontinued operations -320 -270 -392 -341 Paid dividend -636 -636 -1,076 -1,076 Currency exchange differences in cash and cash equivalents 1 -2 -0 -2 Net cash + /Net debt - closing balance -1,552 -2,613 -1,552 -1,165 - Of which provisions/receivables for pensions 1,496 312 1,496 722 - Of which leasing debt -1,620 -1,562 -1,620 -1,514 - Of which other net cash/net debt -1,428 -1,363 -1,428 -373 Jan-Sep
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NCC AB Interim report Q3, January-September 2026 25 Parent Company condensed income statement Net sales pertain to charges to Group companies. The average number of employees was 73 (70). Parent Company statement of comprehensive income Parent Company condensed balance sheet Total approved dividends amounted to SEK 1,076 M, of which SEK 636 M was paid in May and SEK 440 M will be paid in November. R12 Oct-Sep Jan-Dec SEK M Note 1 2026 2025 2026 2025 2025/2026 2025 Net sales 10 10 34 32 167 165 Selling and administrative expenses -78 -65 -226 -207 -425 -406 Operating profit/loss -68 -55 -191 -174 -258 -242 Result from participations in Group companies - - 763 1,227 -553 -89 Result from other financial fixed assets - - 13 13 13 13 Result from financial current assets - 3 1 12 3 14 Interest expense and similar items -2 -2 -9 -6 -11 -7 Result after financial items -69 -53 576 1,072 -807 -311 Appropriations - - - - 188 188 Tax on net profit/loss for the period 4 14 41 37 16 12 Net profit/loss for the period -66 -39 617 1,110 -603 -111 Q3 Jan-Sep R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Net profit for the period -66 -39 617 1,110 -603 -111 Items that can not be recycled to net profit/loss Fair value changes on financial assets measured at fair value through other comprehensive income, equity instruments - - -35 - -35 - Income tax relating to items that can not be recycled - - - - - - Other comprehensive income 0 0 -35 0 -35 0 Total comprehensive income during the year -66 -39 582 1,110 -639 -111 Q3 Jan-Sep SEK M Note 1 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS Tangible fixed assets 0 0 0 Financial fixed assets 5,078 5,192 5,070 Total fixed assets 5,078 5,192 5,070 Current receivables 1,672 106 770 Treasury balances in NCC Treasury AB 29 1,544 658 Total current assets 1,701 1,650 1,428 Total assets 6,779 6,843 6,498 SHAREHOLDERS´ EQUITY AND LIABILITIES Shareholders´ equity 4,580 6,286 5,070 Long-term liabilities 2 6 7 Current liabilities 2,197 550 1,421 Total shareholders´ equity and liabilities 6,779 6,843 6,498
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NCC AB Interim report Q3, January-September 2026 26 Notes Not 1. Accounting policies This interim report has been compiled pursuant to IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. The accounting policies and methods of calculation applied correspond with those applied in the 2025 Annual Report. The interim report has been prepared in accordance with the International Financial Reporting Standards (IFRS), as approved by the European Union (EU). The interim report covers pages 1– 32, and pages 1–19 therefore constitute an integrated part of this financial report. No amendments that came into effect on January 1, 2026 are expected to have any material effect on the consolidated financial statements. NCC has continued to investigate the effects of IFRS 18 Presentation and Disclosure in Financial Statements, which will come into effect on January 1, 2027. The company believes that the adoption of IFRS 18 may require reclassifications between different income statement categories. While this may impact the presentation of such items as operating profit and other subtotals, overall earnings for the Group are not expected to be affected. Effective in the third quarter of 2026, the business area NCC Industry is reported in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, based on a binding sales agreement. Accordingly, with effect from the third quarter of 2026, the NCC Industry business area is classified as assets held for sale and discontinued operations. Industry’s net profit after tax is reported on a single line in the condensed consolidated income statement. Assets and liabilities attributable to the NCC Industry business area are reported under their separate line items on the condensed consolidated balance sheet’s respective sides for assets and liabilities. Comparative periods in the balance sheet have not been reclassified in accordance with IFRS 5. Operating profit for the NCC Industry business area is reported separately in the condensed consolidated cash flow statement. The remaining line items pertain to continuing and discontinued operations. Parent Company The Parent Company has prepared its interim report pursuant to the Swedish Annual Accounts Act and recommendation RFR 2 Accounting for Legal Entities. The interim report for Parent Company has been prepared pursuant to the same accounting policies and methods of calculation as the 2025 Annual and Sustainability Report. Refer to Note 1 and subsequent notes. Not 2. Depreciation/amortization Not 3. Impairment losses Not 4. Right-of-use assets R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Other intangible assets -38 -24 -104 -65 -137 -98 Owner-occupied properties etc ¹ -55 -54 -180 -157 -236 -213 Machinery and equipment ² -93 -99 -261 -291 -361 -392 Total depreciation -186 -176 -545 -513 -735 -703 1) Of which depreciation of right-of-use assets for the quarter SEK -54 M (-53) and for the period SEK -176 M (-153). 2) Of which depreciation of right-of-use assets for the quarter SEK -59 M (-60) and for the period SEK -156 M (-173). Q3 Jan-Sep R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Machinery and equipment - - - - - - Other intangible assets - - - - -1 -1 Total impairment losses 0 0 0 0 -1 -1 Jan-SepQ3 SEK M 30 Sep 2026 30 Sep 2025 31 Dec 2025 Owner-occupied properties 444 679 617 Machinery and equipment 486 827 823 Land leases¹ 0 1 1 Total right-of-use assets 930 1,507 1,442 1) Land leases are classified as current assets.
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NCC AB Interim report Q3, January-September 2026 27 Not 5. Segment reporting The table below pertains to earnings including items affecting comparability. SEK M Q3 2026 NCC Infrastructure NCC Building Nordics NCC Building Sweden NCC Industry (discontinued) NCC Property Development Total segments Other and eliminations ¹ Less discontinued operations Total continuing operations 3,658 3,017 2,213 4,274 862 14,024 315 -4,274 10,066 179 97 194 - 2 471 -471 - - 3,836 3,114 2,407 4,274 864 14,495 -156 -4,274 10,066 155 112 65 541 12 884 -252 -541 92 - - - - - - - - -29 - - - - - - - - 63 Q3 2025 NCC Infrastructure NCC Building Nordics NCC Building Sweden NCC Industry (discontinued) NCC Property Development Total segments Other and eliminations ¹ Less discontinued operations Total continuing operations 4,449 3,049 2,361 4,100 121 14,080 88 -4,100 10,067 64 77 202 - 1 345 -345 - - 4,513 3,126 2,564 4,100 122 14,425 -257 -4,100 10,067 153 105 59 473 -10 781 -14 -473 294 - - - - - - - - -47 - - - - - - - - 246 January - September 2026 NCC Infrastructure NCC Building Nordics NCC Building Sweden NCC Industry (discontinued) NCC Property Development Total segments Other and eliminations ¹ Less discontinued operations Total continuing operations 10,718 8,862 7,697 9,118 1,077 37,473 738 -9,118 29,092 290 297 630 - 4 1,222 -1,222 - - 11,008 9,160 8,328 9,118 1,081 38,695 -484 -9,118 29,092 347 248 226 637 30 1,487 -456 -637 394 - - - - - - - - -60 - - - - - - - - 334 January - September 2025 NCC Infrastructure NCC Building Nordics NCC Building Sweden NCC Industry (discontinued) NCC Property Development Total segments Other and eliminations ¹ Less discontinued operations Total continuing operations 12,799 9,410 8,437 8,723 286 39,654 135 -8,723 31,066 186 257 670 - 2 1,116 -1,116 - - 12,984 9,667 9,107 8,723 289 40,769 -981 -8,723 31,066 372 257 181 557 0 1,367 -120 -557 689 - - - - - - - - -93 - - - - - - - - 596 1) For more detailed information on other items and eliminations, see the table on page 15 and the explanatory text on the same page. As of the third quarter of 2026, NCC Industry is reported as discontinued operations in accordance with IFRS 5. As NCC Industry remains part of internal management reporting until the transaction is completed, it is also included in the segment information in accordance with IFRS 8. Profit/loss after financial items Net financial items Profit/loss after financial items Net sales, external Net sales, internal Net sales, total Net sales, internal Net sales, total Operating profit Operating profit Net financial items Net sales, external Net sales, internal Net sales, total Operating profit/loss Net financial items Net financial items Profit/loss after financial items Net sales, external Profit/loss after financial items Net sales, external Net sales, internal Net sales, total Operating profit/loss
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NCC AB Interim report Q3, January-September 2026 28 Not 6. Fair value of financial instruments In the tables below, disclosures are made concerning how fair value has been determined for the financial instruments that are continuously measured at fair value in NCC’s balance sheet. When determining fair value, assets have been divided into three levels. No transfers were made between the levels during the period. In level 1, measurement complies with the prices quoted on an active market for the same instruments. Derivatives in level 2 comprise currency forward contracts, interest rate swaps, oil forward contracts and electricity forward contracts used for hedging purposes. The measurement at fair value of currency forward contracts, oil forward contracts and electricity forward contracts is based on accepted models with observable input data such as interest rates, exchange rates and commodity prices. The measurement of interest rate swaps is based on forward interest rates based on observable yield curves. In level 3, measurement is based on input data that is not observable in the market. In the table below, disclosures are made concerning fair value for the financial instruments that are not measured at fair value in NCC’s balance sheet. For other financial instruments recognized at amortized cost (accounts receivable, current interest-bearing receivables, other receivables, cash and cash equivalents, accounts payable and other interest-free liabilities) the fair value does not materially deviate from the carrying amount. SEK M Level 1 Level 2 Level 3 Tot Level 1 Level 2 Level 3 Tot Level 1 Level 2 Level 3 Tot Financial assets measured at fair value through profit and loss Short-term investments 518 518 561 561 563 563 Derivative instruments 38 38 1 1 3 3 Derivative instruments used in hedge accounting 24 24 11 11 2 2 Derivative instruments used in hedge accounting attributable to assets discontinued operations 30 30 Financial assets measured at fair value through other comprehensive income Equity instruments 16 16 68 68 68 68 Total assets 518 92 16 626 561 12 68 641 563 5 68 636 Financial liabilities measured at fair value through profit and loss Derivative instruments 7 7 11 11 23 23 Derivative instruments used in hedge accounting 2 2 15 15 22 22 Derivative instruments used in hedge accounting attributable to assets discontinued operations 4 4 Total liabilities 13 13 26 26 45 45 30 Sep 2026 30 Sep 2025 31 Dec 2025 SEK M Long-term interest-bearing receivables - amortized cost Short-term investments - amortized cost Long-term interest-bearing liabilities Current interest-bearing liabilities Interest-bearing liabilities attributable to assets discontinued operations 705 705 Fair value 30 Sep 2026 30 Sep 2025 31 Dec 2025 Carrying amount Fair value Carrying amount Fair value Carrying amount 63 257 256 240 241 305 306 143 143 50 50 63 1,143 1,715 1,738 2,872 2,917 2,734 2,775 2,046 2,050 1,320 1,320 1,143
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NCC AB Interim report Q3, January-September 2026 29 Not 7. Pledged assets and contingent liabilities Not 8. Discontinued operations The figures below have been presented in accordance with IFRS 5, with the addition of Group adjustments and the elimination of intra-Group items. Owing to the change in presentation, the figures are not fully comparable with those previously reported for the Industry business area. The balance sheet will be presented starting in the third quarter of 2026. Income statement, discontinued operations SEK M Group 30 Sep 2026 30 Sep 2025 31 Dec 2025 Assets pledged 1,184 753 786 Of which discontinued operations 598 Contingent liabilities 2,205 3,109 2,049 Of which discontinued operations 23 Parent company Contingent liabilities ¹ 31,139 27,842 27,807 Of which discontinued operations 2,103 1) Sureties and other liability commitments have primarily been issued as security for the fulfillment of construction contracts, utilized guarantee limits from financial institutions, and lease guarantees arising from the disposal of properties in commercial real estate development. Jan-Dec SEK M 2026 2025 2026 2025 2025 Net sales 4,274 4,100 9,118 8,723 12,131 Total operating expenses -3,733 -3,627 -8,481 -8,166 -11,263 Operating profit/loss 541 473 637 557 868 Net financial items -4 -2 -11 -7 -11 Profit/loss after financial items 537 471 627 550 857 Tax -140 -108 -163 -126 -215 Net profit/ loss from operation avaible for sale 398 363 464 423 642 Comprehensive income for operation avaible for sale Items included in comprehensive income 183 9 260 -56 -63 Defered tax attributable to items included in comprehensive income -23 -4 -22 -3 -13 160 5 238 -59 -76 Q3 Jan-Sep
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NCC AB Interim report Q3, January-September 2026 30 Balance sheet, discontinued operations Cash flow statement, discontinued operations SEK M 30 Sep 2026 ASSETS Total fixed assets 4,443 Total current assets 4,630 Total Assets 9,072 LIABILITIES Total long-term liabilities 1,505 Total current liabilities 3,459 Total liabilities 4,964 Net assets 4,109 Kassaflöde från avvecklad verksamhet R12 Oct-Sep Jan-Dec SEK M 2026 2025 2026 2025 2025/2026 2025 Cash flow from operating activities before changes in working capital 690 614 1,051 960 1,564 1,474 Cash flow from changes in working capital 291 201 -950 -569 -243 138 Cash flow from investing activities -39 -67 -163 -170 -318 -324 Cash flow from financing activities -939 -753 66 -228 -1,000 -1,294 Q3 Jan-Sep
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NCC AB Interim report Q3, January-September 2026 31 Summary of key figures The table below pertains to continuing and discontinued operations. R12 Oct-Sep 2026 2025 2025/2026 2025 2024 2023 2022 Profitability ratios Return on shareholders equity, % ¹ ⁴ 17 20 17 16 21 21 17 Return on capital employed, % ¹ ⁴ 16 16 16 15 15 15 12 Financial ratios at period-end EBITDA % including effects of dividends 6.8 7.7 3.5 3.7 5.4 5.3 4.8 Interest-coverage ratio, times ¹ 3 9 3 4 9 24 16 Equity/asset ratio, % 24 26 24 26 27 23 24 Interest bearing liabilities/total assets, % 13 13 13 13 16 18 15 Net cash +/ Net debt -, SEK M -1,552 -2,613 -1,552 -1,165 -1,164 -4,310 -3,000 Debt/equity ratio, times 0.2 0.3 0.2 0.1 0.1 0.6 0.4 Capital employed at period end, SEK M 12,782 12,526 12,782 11,793 13,746 13,175 11,480 Capital employed, average, SEK M 12,287 13,367 12,287 12,842 13,818 12,776 11,766 Capital turnover rate, times¹ 4.4 4.5 4.4 4.3 4.5 4.5 4.6 Closing interest rate, % ³ 3.9 4.2 3.9 4.3 4.9 5.1 4.1 Average period of fixed interest, years ³ 0.7 0.8 0.7 0.8 0.8 0.7 1.0 Per share data Profit/loss after tax, before and after dilution, SEK ⁴ 6.13 5.47 13.90 13.89 16.08 16.11 10.29 Cash flow from operating activities, before and after dilution, SEK 16.26 3.61 24.46 19.56 47.45 8.27 2.55 Cash flow before financing, before and after dilution, SEK 15.21 1.95 17.25 11.77 40.83 3.70 -1.30 P/E ratio ¹ 13 13 13 16 10 8 9 Dividend, ordinary, SEK - - - 9.00 9.00 8.00 6.00 Extraordinary dividend, SEK - - - 2.00 2.00 - - Dividend yield, % - - - 5.0 6.8 6.4 6.2 Dividend yield excl. extraordinary dividend, % - - - 4.1 5.5 6.4 6.2 Shareholders´ equity before and after dilution, SEK 84.74 85.22 84.74 80.96 88.59 74.99 73.60 Share price/shareholders´ equity, % 212 254 212 272 183 167 132 Share price at period-end, NCC B, SEK 179.40 216.20 179.40 220.20 162.40 125.60 97.25 Number of shares, millions Total number of issued shares ² 99.8 99.8 99.8 99.8 99.8 99.8 108.4 Treasury shares at period-end 1.6 2.0 1.6 2.0 2.0 2.1 10.8 Total number of shares outstanding at period-end before and after dilution 98.1 97.8 98.1 97.8 97.8 97.7 97.6 Average number of shares outstanding before and after dilution during the period 98.1 97.8 97.9 97.8 97.7 97.6 103.9 Market capitalization before and after dilution, SEK M 17,609 21,169 17,609 21,526 15,879 12,271 9,636 Personnel Average number of employees 10,732 11,470 10,732 11,440 11,776 12,243 12,485 For definitions of key figures, see https://ncc.com/investor-relations/ncc-share/financial-definitions/ Q3 1) Calculations are based on the rolling 12 month period. 2) All shares issued by NCC are common shares. Withdrawal of 8,674,866 own shares series B was made during the second quarter 2023. 3) Refers to interest-bearing liabilities excluding pension liabilities according to IAS 19 and leases according to IFRS 16. 4) Excluding items affecting comparability. Jan-Dec
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In 2026, NCC completed the refurbishment of the Majorstuen metro station, one of Oslo’s most important transportation hubs. T he project included new tracks and technical systems, improved drainage and the renovation and expansion of platforms, roofs, ramps , and stairs. A new pedestrian and cycle bridge was also constructed over the tracks to the west of the station area. The project was named Infrastructure Project of the Year at the 2026 BREEAM Award s. Invitation to presentation of NCC’s Interim Report for the third quarter of 2026 NCC’s President and CEO Tomas Carlsson and Chief Financial Officer Katarina Wilson will present the interim report at a webcast and teleconference on November 3, 2026 at 9:00 a.m. (CET). The presentation will be held in English. Presentation material will be available at ncc.com/ir from approximately 8.00 a.m. (CET). Link to webcast: Webcast Q3 To participate by phone, please call one of the following numbers five minutes prior to the start of the conference. SE: +46 8 505 100 31 UK: +44 203 059 58 63 US: +1 631 570 56 13 For further information, please contact: Katarina Wilson Chief Financial Officer (CFO) tel. +46 703 62 87 03 Andreas Koch Head of Communications & Investor Relations tel. +46 705 09 77 61 Financial calendar Interim report Q4 2026 and Jan-Dec 2026 February 3, 2027 Interim report Q1 2027 April 29, 2027 Annual General Meeting May 3, 2027 Interim report Q2 2027 and Jan-Jun 2027 July 20, 2027 Interim report Q3 2027 and Jan-Sep 2027 Nov. 3, 2027 The Annual Report for 2026 will be published not later than April 12, 2027. This is the type of information that NCC AB is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above on November 3, 2026 at 7.10 a.m. CET. Visitor address Herrjärva torg 4, SE-170 67 Solna Postal address NCC AB, SE-170 80 Solna, Sweden Telephone +46 8 585 510 00 Website ncc.com E-mail ir@ncc.se