Slides
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. January – September Interim report Q3 2026
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. The following applies to this presentation, any oral presentation of the information contained herein by Proact IT Group AB ( “Proact” or the “Company”) or any person acting on behalf of Proact, and any question -and-answer session related thereto (collectively, the “Inf ormation”). By accessing the Information, you agree to be bound by the following terms and conditions. This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any securities of Proact or any other person. The Information contains forward -looking statements that are based on Proact’s current expectations, estimates, projections and assumptions regarding future events and are not guarantees of future performance. Such statements can be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project,” or similar expressions. Forward-looking statements involve inherent risks and uncertainties, including, but not limited to, technological developments i n the measurement and IT infrastructure fields, product demand and market acceptance, economic and business conditions, competitive products and pricing, foreign currency fluctuations, regulatory developments and other factors beyond Proact’s control. These statements reflect the views of Proact’s management as of the date of this presentation. Actual results or outcomes may differ materially from those expressed or implied by such forward -looking statements. Proact undertakes no obligation to update, revise or publicly release any revisions to these forward -looking statements, whether as a result of new information, future events or oth erwise. Disclaimer Q3 2026 Interim Report presentation
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. 3 Q3 2026 Interim Report presentation Introduction01 Quarterly update02 Financials03 Closing remarks04 Agenda Magnus Lönn President & CEO Åsa Regen Jansson CFO
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. 4 Introduction Magnus Lönn President and Chief Executive Officer Q3 2026 Interim Report presentation
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European technology specialist in secure, sovereign hybrid cloud for mission- and societal-critical data infrastructure Q3 2026 Interim Report presentation Proact in brief 5 • Founded in 1994, Proact has secured business critical data & pushed the limits of technology while delivering business agility for 3 decades • Serving ~2,000 active medium and large enterprise customers across Europe • SEK ~5 billion turnover with stable finances • Listed on Nasdaq Stockholm since 1999 (ticker: PACT) • A local trusted European partner with ~1,100 Employees with industry -leading skills & expertise Financial performance 9% 55% 14% 23% Systems Support Services Managed Cloud Services (MCS) Consulting Services 2021 2025 3.683 4.679 27% 198 316 2021 2025 60% Revenue Adjusted EBITA Revenue split, 2025 Geographical footprint • Present in 12 countries across Europe and North America, combining international reach with local understanding • Business units: Nordic & Baltics, UK, West and Central Hyper -scaler data center Proact data cent ers Customer dat a cen ter Deployment models Start ut i li sing the advantages wi th Hybrid cloud Modern work sp ace Self-serv ice and automation Any ap plic ation. Anywher e. Flex ib le & ag ile scala bility Fast er d ig it alizat ion & Dev Ops hostedpri vate publ ic
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8% We offer best-in-class services; Our broad offering enable us to support our customers wherever they are in their cloud journey Q3 2026 Interim Report presentation Proact offering Systems Independent provider and value-added reseller of hardware and software, and system architectured solution Support services Premium support for the Systems business (high attach rate of c. 70% to system sales) Managed Cloud Services Wide range of services, such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Storage and Security, as well as modern platforms based on Kubernetes Broad spectrum of services from strategic consulting services and solution architect design to installation (incl. Kubernetes and Public cloud transformation services) Revenue streams1Selected expert skills (non- exhaustive) Cybersecurity solutions Proact has two 24/7 Security Operations Centers (SOCs) that protect Proact and customer infrastructure all day, every day Cloud Native services Through Conoa & BlakYaks, we help companies build the cloud native, container and Kubernetes infrastructure incl. Server as a Code and DevOps services Microsoft consulting Strong consulting expertise, supporting with digital transformation services based on "cloud-first" technologies from Microsoft Azure and Microsoft 365 AI infrastructure Proact can support customers on their AI journey, offering modern solutions that enable automation and innovation. 22% 14% 56% 1) % of revenue roll ing 12 months Consulting services 6
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Balanced industry exposure and strengthening customer satisfaction, supported by diversified revenue streams Q3 2026 Interim Report presentation 12% 7% 6% 13% 35% 10% 1% 17% 7 Industry coverage Revenue by industry 1 Public Sector Retail and Services Manufacturing Industry Energy Telecom Banking, Finance Media Other NPS from 46 to 62 in the last 4 years Telecom Public Sector Banking, Finance Other Manufacturing Industry Energy Retail and Services Media 1 Full-year 2025 numbers. .
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Market trends & possibilities Q1 2026 Interim Report presentation 8Sources: Gartner, TrendForce, NAND Research, SHI Insights, Bloomsbury I ntelligence & Security Institute (BISI) Q3 2026 Interim Report presentation Increasing investment in data centre equipment and systems Data centre hardware is the fastest-growing IT category, +19% growth 2025–2026. 01 02 03 04 05 Market trendsPossibilities for Proact Rising demand for data sovereignty and sovereign cloud growth EU sovereign cloud set to grow +80% annually 2025–2027. Workloads move from global clouds to regional platforms Up to 75% of enterprises to repatriate workloads by 2030. AI-ready infrastructure as the new foundation for IT operations GPU infrastructure and AI- optimised storage shifting on- premise and regional. Accelerating need for data protection, security, and cyber resilience AI threats and tighter compliance lift security budgets across the stack. Capture capacity and modernisation demand Drives growth in Proact's data centre design and delivery. Lead sovereign and regional cloud deployments Nordic and European footprint serves data residency and compliant managed cloud. Grow hybrid and on-premise managed services Strong demand for managed local infrastructure — colocation, private cloud, hybrid. Deliver AI infrastructure consulting and deployment Proact delivers GPU platforms, AI storage, and container-based AI operations. Scale backup, security monitoring, and resilience services Opportunity in backup, recovery, monitoring, and data protection platforms.
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. 9 Quarterly update Magnus Lönn President and Chief Executive Officer Q3 2026 Interim Report presentation
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Organic growth and strong earnings improvement Q3 2026 Interim Report presentation Summary of the quarter • We delivered a quarter where revenue grew 8.9% to SEK 1,180 million, with adjusted EBITA up 47.3% to SEK 112 million. • Adjusted EBITA margin improved to 9.5% (7.0), driven by implemented cost efficiencies and higher sales • Memory component prices and lead times remain elevated, expected to persist throughout 2027. • Åsa Regen Jansson was appointed CFO, having served as Interim CFO since December 2025. • Share buyback programme initiated in August; 155,579 shares repurchased as of 30 September. • Proact will merge business areas West and Central into one business unit from 1 January 2027, led by Jacob Kronborg, Business Unit Director, Central. • Strategy and future priorities to be presented at the Capital Markets Day on 11 November in Stockholm. -2 0 6 10 4 12 2 8 Q3’ 23 Q1’ 22 Q3’ 22 Q4’ 22 Q1’ 23 Q2’ 23 % Q4’ 23 Q1’ 24 Q2’ 24 Q3’ 24 Q4’ 24 Q1’ 25 Q2’ 25 Q3’ 25 Q4’ 25 Q1’ 26 Q2’ 26 Q3’ 26 Q2’ 22 Nordic & Baltics UK West Central Cost-efficiency programme Adjusted EBITA margin, R12 1,180 Total revenue, MSEK (1 084) 459 Recurring revenue, MSEK (431) 112 Adjusted EBITA, MSEK (76) 9.5 Adjusted EBITA margin, % (7.0) 3.18 Earnings per share, SEK (1.39) 10
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Three of four business areas improved earnings, led by Nordic & Baltics Q3 2026 Interim Report presentation Business Units 1Share of total revenue 53%1 15%1 18%1 14%1 Nordic & Baltics UK West Central 630 Total revenue, MSEK (540) 90 Adjusted EBITA, MSEK (56) 14.3 Adjusted EBITA margin, % (10.3) 184 Total revenue, MSEK (203) 9 Adjusted EBITA, MSEK (16) 5.1 Adjusted EBITA margin, % (7.8) 217 Total revenue, MSEK (176) 10 Adjusted EBITA, MSEK (1) 4.8 Adjusted EBITA margin, % (0.3) 171 Total revenue, MSEK (190) 8 Adjusted EBITA, MSEK (-2) 4.5 Adjusted EBITA margin, % (-1.2) 11
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. 12 Financials Åsa Regen Jansson Chief Financial Officer Q3 2026 Interim Report presentation
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0 250 500 750 1,000 1,250 1,500 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 1,084 1,208 1,216 1,286 1,180 +8.9% • Total revenue increased by 8.9% to SEK 1,180 million (1,084), primarily driven by higher systems sales • Organic growth was 8.3% (-4.5), while currency effects contributed 0.8% (-2.4) and acquisitions and divestments -0.3% (2.6). Total revenue MSEK MSEK Q3’26 Total revenue 1,180 Growth, % 8.9% Q3’25 Change % -4.3% of which currency rate effect, % 0.8% -2.4% - acquisitions & divestments, % -0.3% 2.6% - Organic growth, % 8.3% -4.5% - Total revenue up 8.9% primarily driven by higher systems sales in Nordic & Baltics and West Q3 2026 Interim Report presentation 13 1,084 8.9% -
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Revenue by revenue stream MSEK 80 20 9 1.084 1.180 Q3’26OtherConsulting Services 0 -13 Managed Cloud Services Support Services SystemsQ3’25 MSEK Q3’26 System revenues 635 Service revenues 544 Q3’25 Change % 555 14.4 528 3.0 of which support revenue 181 162 12.1 of which revenue from cloud services 278 269 3.3 of which consulting revenue 85 98 -13.0 1,180 46% Total revenue 1,084 8.9 • Systems revenue increased by 14.4% to SEK 635 million (555), mainly driven by several large systems deals in Nordic & Baltics and West. • Services revenue increased by 3.0% to SEK 544 million (528). This was partly offset by lower consulting revenue, following the divestment of the staffing business in the Netherlands and the exit of lower -margin services as part of the cost efficiency program. • New cloud services contracts were signed with a total value of SEK 118 million (248). Services share of revenue, % 49% Systems revenue up 14.4%, driven by large deals in Nordic & Baltics and West Q3 2026 Interim Report presentation - 14
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Revenue by Business Unit MSEK 89 42 4 Other Q3’26Central -20 WestUK -19 Nordic & Baltics 1.084 1.180 Q3’25 MSEK Q3’26 Nordic & Baltics 630 UK 184 Q3’25 Change % 540 16.5 203 -9.3 West 217 176 23.8 Central 171 190 -10.2 Total revenue 1,180 1,084 8.9 • Nordic & Baltics grew by 16.5% and West by 23.8%, driven by several large systems deals. • UK declined by 9.3%, mainly due to a strong comparative quarter and extended hardware lead times, which delay both systems deals and services. • Central declined by 10.2%, driven by a 21.3% decrease in systems revenue, while services revenue increased by 0.7%. Strong growth in Nordic & Baltics and West offset lower revenue in UK and Central Q3 2026 Interim Report presentation -22Other -26 -14.1 15
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66% 69% 65% 64% 63% 63% 34% 31% 35% 36% 37% 37% 0% 25% 50% 75% 100% 2021 2022 2023 2024 2025 Q3 2026 0 600 1,200 1,800 2,400 2021 2022 2023 2024 2025 Q3’26 1,194 1,457 1,693 1,755 1,740 1,837 +53.9% Annualised recurring revenue (ARR), LTM MSEK ARR of total revenue % Annualised recurring revenue (ARR), LTM Total revenue Annualised recurring revenue up 54% since 2021 – building a resilient revenue base over time Q3 2026 Interim Report presentation 16
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• Adjusted EBITA increased by 47.3% to SEK 112 million (76), driven by higher sales and implemented cost efficiencies. • The adjusted EBITA margin rose to 9.5% (7.0). • The earnings improvement was driven by higher sales and the cost efficiencies we have implemented. Adjusted EBITA, margin MSEK 76 85 115 105 112 0 5 10 0 50 100 150 7.0% Q3 2025 7.0% Q4 2025 9.3% Q1 2026 8.2% Q2 2026 9.5% Q3 2026 Adjusted EBITA Adjusted EBITA margin Adjusted EBITA up 47.3% to SEK 112m, margin expands to 9.5% Q3 2026 Interim Report presentation MSEK Q3’26 Nordic & Baltics 90 UK 9 Q3’25 Change % 56 60.9 16 -41.0 10 1 1644.8West Central Other Adjusted EBITA 8 -2 423.8 -5 6 -179.7 112 76 47.3 9.5% 7.0% -Adjusted EBITA margin, % 17
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MSEK -9 -4 280 125 EBIT Depreciation and other non-cash -92 Tax Working Capital -138 Q3 2026Other/FX -25 Dividend and share repurchases -172 299 Leasing -123 CapEx Leasing / RoU -48 -87 InterestM&A -13 Q3 2025 Net debt development Capital structure adaption and shareholder value creationCash flow from operations incl leasing amortisation Disciplined capital allocation — strong operating cash flow funds M&A, share buybacks and dividends Q3 2026 Interim Report presentation 18
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. 19 Closing remarks Magnus Lönn President and Chief Executive Officer Q3 2026 Interim Report presentation
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Entering the final quarter with a clear plan Q3 2026 Interim Report presentation Closing remarks • A quarter of organic growth and strong earnings improvement, with adjusted EBITA up 47.3% to SEK 112 million and a margin of 9.5% (7.0) • The improvements in West and Central is working and now visible in the results • From 1 January 2027, West and Central will be merged into one business unit. The aim is to strengthen profitability through a more efficient business unit, where resources and expertise are shared across national borders and customers meet a more unified offering. • Memory component supply remains constrained; we expect prices to stay high throughout 2027 • Continued focus on hybrid cloud, security and AI -related infrastructure, with particular emphasis on recurring business 20
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Capital Markets Day 2026, join us on 11 November Q3 2026 Interim Report presentation Strategy, market position and long -term value creation 21 • Wednesday 11 November 2026 at Hotel At Six (Studio 9), Brunkebergstorg 6, Stockholm • Hybrid format: attend in person or follow via webcast • Proact’s strategy, market position and view on long-term value creation. In-depth sessions from the business units and a review of the financial development • Q&A session open to participants both on site and online • Registration opens at 13:00 CET; presentations and webcast from 13:30 to approx. 17:30 CET, followed by a mingle for on-site participants • Registration required for both in-person and online participation: proactitgroup.events.inderes.com/cmd-2026 (deadline for in-person attendance 4 November)
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Change logo colour If you need to change the colour of the logo, right- click outside the work area, select Format Background from the context menu, and select Solid fill. You may ONLY use white or dark grey. Change text colour for readability Depending on whether the image is light or dark, adjust the text colour to ensure readability. Use white text for dark images and dark grey text for light images. February 16, 2027 Year-end report January – December 2026 May 4, 2027 Interim report Q1 January – March 2027 May 4, 2027 Annual General Meeting 2027 July 16, 2027 Interim report Q2 January – June 2027 Financial calendar Åsa Regen Jansson CFO asa.regen.jansson@proact.eu Christopher Ramstedt , Investor Relations & Communications Manager christopher.ramstedt@proact.eu IR contacts