Interim report
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1 Interim report, Q3 2026 Introduction Group development Financial reports Other Interim report Q3 2026 January–September Q3
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2 Interim report, Q3 2026 Introduction Group development Financial reports Other Interim report Q3 2026 July-September 2026 January-September 2026 Events during the quarter Financial summary Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Growth, % 8.9 -4.3 6.9 -3.5 3.7 -3.8 of which currency rate effects, % 0.8 -2.4 -1.0 -1.8 -1.7 -2.3 of which effects from acquisitions and divestments, % -0.3 2.6 1.3 1.8 1.5 2.2 Organic growth, % 8.3 -4.5 6.7 -3.5 4.0 -3.8 Adjusted EBITA 112 76 332 231 417 316 Adjusted EBITA margin, % 9.5 7.0 9.0 6.7 8.5 6.8 Operating profit (EBIT) 97 65 288 160 299 171 Operating margin (EBIT), % 8.2 6.0 7.8 4.6 6.1 3.7 Earnings before tax 94 45 275 132 280 138 Net margin, % 8.0 4.2 7.4 3.8 5.7 2.9 Earnings after tax 80 37 220 108 235 123 Profit margin, % 6.8 3.4 5.9 3.1 4.8 2.6 Earnings per share (outstanding shares), SEK 3.18 1.39 8.69 4.10 9.23 4.67 Return on capital employed, % - - - - 16.8 11.5 Cash flow from operations 132 -28 383 154 612 383 • Åsa Regen Jansson was appointed CFO of Proact, having served as acting CFO since December 2025 • Jacob Kronborg was appointed Business Unit Director for Central and member of group management, having served in an acting capacity since December 2025. • In August, Proact initiated a share buyback programme under the authorisation granted by the Annual General Meeting on 5 May 2026. As of 30 September, 155,579 shares had been repurchased. • Total revenue increased by 8.9 per cent and amounted to SEK 1,180 million (1,084). • Adjusted EBITA increased by 47.3 per cent and amounted to SEK 112 million (76). • Adjusted EBITA margin was 9.5 per cent (7.0). • Profit after tax amounted to SEK 80 million (37). • Earnings per share amounted to SEK 3.18 (1.39). • Cash flow from operating activities for the period was SEK 132 million (-28). • New contracts for cloud services amounted to SEK 118 million (248). • Recurring revenue from cloud and support services amounted to SEK 459 million (431), corresponding to an annual rate of SEK 1,837 million (1,723). • Total revenue increased by 6.9 per cent and amounted to SEK 3,709 million (3,471). • Adjusted EBITA increased by 43.8 per cent and amounted to SEK 332 million (231). • Adjusted EBITA margin was 9.0 per cent (6.7). • Profit after tax amounted to SEK 220 million (108). • Earnings per share amounted to SEK 8.69 (4.10). • Cash flow from operating activities for the period was SEK 383 million (154). • New contracts for cloud services amounted to SEK 486 million (512). • Recurring revenue from cloud and support services amounted to SEK 1,331 million (1,291). 1,180 459 112 9.5 3.18 Earnings per share, SEK (1.39) Adjusted EBITA margin, % (7.0) Adjusted EBITA, SEK million (76) Recurring revenue, SEK million (431) Total revenue, SEK million (1,084) Events after the quarter • Proact has decided to merge the business units West and Central into one business unit, Central, effective 1 January 2027. The merged business unit will be led by Jacob Kronborg. From the first quarter of 2027, West and Central will be reported as one segment, with restated comparative figures for prior periods. • Alexander Lechthaler, Business Unit Director for West, will be responsible for sales and commercial development in Business Unit Central from 1 January 2027. He will remain Managing Director of Proact Netherlands & Belgium.
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3 Interim report, Q3 2026 Introduction Group development Financial reports Other The market continues to be characterised by high prices and long lead times for memory components, while the AI build-out and the increased focus on critical infrastructure are driving demand in data storage and data protection, areas where Proact has a strong position. During the quarter, the Group’s revenue and earnings increased, and the cost efficiencies implemented continued to contribute to a higher margin. Growth and improved margin during the quarter During the quarter, the Group’s revenue amounted to SEK 1,180 million (1,084), corresponding to growth of 9 per cent. Organic growth was 8 per cent. Currency effects were marginal during the quarter. Adjusted EBITA increased by 47 per cent to SEK 112 million (76), corresponding to a margin of 9.5 per cent (7.0). The earnings improvement was driven by higher sales and the cost efficiencies we have implemented. The gross margin was higher than in the corresponding quarter last year, as a result of efficiency improvements and product mix. Recurring revenue increased compared with the same period last year and amounted to SEK 459 million (431). Order intake for new cloud services amounted to SEK 118 million (248). The decrease is mainly explained by timing effects and a strong comparison quarter. Systems revenue amounted to SEK 635 million (555). Activity was once again highest in Business Unit Nordic & Baltics, where total revenue increased by 17 per cent and earnings by around 60 per cent. Extended lead times due to component shortages continued to affect systems sales in several business units during the quarter. Three of the Group’s four business units improved their earnings compared with the same period last year. The improvement work in Business Unit Central and West is progressing according to plan and is now visible in the results. The improvements have been achieved through an increased focus on systems sales combined with implemented cost savings. In Business Unit UK, revenue decreased, mainly due to a strong comparison period and extended hardware lead times. The lead times affect both systems deals that have been postponed and services deals where delivery cannot begin until the hardware is in place. Overall, this had a negative impact on both earnings and margin in UK. Next step in Proact’s growth journey From 2027, we are merging Central and West into one business unit. The purpose is to strengthen profitability through a more efficient organisation, a more unified offering to our customers and a stronger commercial focus that drives increased sales. Jacob Kronborg, currently responsible for Central, will lead the new business unit. Alexander Lechthaler, currently responsible for West, will be responsible for increasing sales and strengthening commercial development in the new business unit. Market outlook The supply of memory components remains constrained. We expect price levels to stay high throughout 2027. Lead times are still long and, in line with what we have previously communicated, this may have a negative impact on system sales going forward, as some deals risk being postponed if hardware is not delivered on time. The structural drivers remain intact, however, with Europe’s push for digital sovereignty and a heightened security situation. As hardware takes up a larger share of IT budgets, an increasing number of customers are asking us for help in finding alternative solutions, such as service-based offerings. With our local presence and technical breadth, we are well positioned to support them. Focus ahead We are building on the quarter’s improvements and developing our offerings in hybrid cloud, security and AI-related infrastructure, with particular focus on recurring business. We are prioritising the parts of the business where we see the greatest potential for profitable growth. During the year, we have carried out a strategic review, and on 11 November we will present our priorities going forward at our Capital Markets Day in Stockholm. Together with CFO Åsa Regen Jansson and members of group management, I will present Proact’s strategy, market position and our view on long-term value creation. I look forward to meeting many of you there. We are entering the final quarter of the year with a clear plan, and now it is about executing it. Finally, I would like to extend a big thank you to our employees for their commitment, and to our customers and shareholders for their continued trust. Solna, 22 October 2026 Magnus Lönn President & CEO The earnings improve- ment was driven by higher sales and the cost efficiencies we have implemented. Organic growth and strong earnings improvement
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4Interim report, Q3 2026 Introduction Group development Financial reports Other NO SE FI EE CZ DE DK NL UK BE LV Proact in brief Proact is a European technology company that offers secure, sovereign and resilient hybrid cloud solutions for critical business and societal data infrastructure. We support organisations in managing, protecting and deriving value from their data in environments where availability, security and regulatory compliance are of the utmost importance. At the intersection of hybrid cloud, cybersecurity and AI-driven data growth, Proact supports its customers in meeting the increased demand for compliance and resilience. With over 30 years' experience, Proact employs approximately 1,000 people across 12 countries and has over 2,000 active customers. Proact IT Group AB (publ) is listed on Nasdaq Stockholm under the ticker symbol PACT. Over 30 years’ experience in building the data infrastructures of the future For over three decades, we have been helping organisations to stay one step ahead in an ever-changing digital landscape. By combining in-depth technical expertise with constant innovation, we develop solutions that enhance security, ac- cessibility, and data-driven business development, today and tomorrow. Global delivery capability with local presence Thanks to our presence in 12 countries across Europe and North America, we are able to combine international reach with local under- standing. This enables us to deliver scalable, high-quality solutions while maintaining close geographical and business proximity to our customers. Driving technological development forward with over 1,000 specialists Our cloud computing, cyberse- curity, data and AI experts work at the forefront of technological development. Together, we create solutions that meet today's demands and enable future innovation. Our work strengthens competitiveness and reduces risk in an increasingly complex digital landscape. 1,331 332 9.0 Adjusted EBITA margin, %Adjusted EBITA, SEK millionRecurring revenue, SEK million 3,709 Total revenue, SEK million Beyond the quarter Stay up to date with the latest news and financial information from Proact. Subscribe January - September 2026
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5 Interim report, Q3 2026 Introduction Group development Financial reports Other In the third quarter of 2026, the tech market continued to be characterised by high memory prices and a tight supply situation, which is increasingly impacting customers’ IT budgets. At the same time, the structural drivers remain intact, most notably Europe’s push for digital sovereignty¹ and the heightened security situation. Memory prices continued to rise during the quarter, but at a slower pace than before. According to the research firm TrendForce, contract prices for standard memory (DRAM²) rose by 13–18 per cent compared with the second quarter, following an increase of around 60 per cent in the previous quarter. The slowdown is mainly because PC and smartphone buyers have reached the limit of what their budgets can absorb, not because supply has improved. For enterprise customers, the price level is felt mainly in hardware taking up a larger share of the IT budget than planned, as the same technology now costs significantly more than when the budgets were set. Lead times have not improved. Suppliers’ inventories remain at historically low levels, and manufacturers continue to prioritise high-bandwidth memory and server memory for AI infrastructure. At the same time, a shortage of server processors has slowed server assembly, further affecting lead times. TrendForce expects continued price increases in the fourth quarter and already estimates that the supply of server memory will be insufficient in 2027 as well. The shortage has also spread to storage, which accounts for a large part of Proact’s business. Contract prices for flash memory (NAND), used in SSDs, have risen sharply during the year, and hard disk drives are not an easy alternative, as manufacturers state that production of data centre hard drives is already sold out through 2027. For customers planning to expand their storage capacity, this means longer planning horizons and greater demands on using existing capacity efficiently. The price situation is also affecting how customers choose to invest. As hardware takes up a larger share of the budget, more customers are asking for solutions where the cost is spread over time, such as service-based offerings and combinations of on-premises and service- delivered infrastructure. At the same time, interest is growing in placing AI capacity close to the organisation’s own operations, where control over data outweighs the fastest route to capacity. During the quarter, Europe’s push for digital sovereignty moved from proposal to formal legislative process. The European Commission’s proposal for a Cloud and AI Development Act³, presented in June, was referred to the European Parliament in September and at the same time began to be considered in the Council. The proposal means that the degree of sovereignty of cloud services will be classified into four levels⁴ and assessed by an independent party, with binding requirements primarily in public procurement. In addition, new parts of the EU Data Act have applied since September, and from January 2027 cloud providers may no longer charge customers for switching providers, lowering the threshold for moving data and workloads between different environments. The security situation during the quarter confirmed the long-term picture. In September, the EU cybersecurity agency ENISA published its annual Threat Landscape report, which identifies ransomware as the threat type with the greatest immediate impact and public administration as the most targeted sector. Nearly three quarters of the affected organisations are covered by NIS2⁵. The number of newly published vulnerabilities⁶ increased by 22 per cent in 2025 to more than 48,000. Since 11 September, manufacturers of digital products are also required to report actively exploited vulnerabilities within 24 hours under the EU Cyber Resilience Act. Overall, the rise in memory prices has slowed without any improvement in the supply situation, and hardware is taking up a larger share of customers’ IT budgets. Customers are seeking control over their data and resilience against cyber threats, and increasingly want AI capacity close to their own operations. This is where Proact is positioned, with local presence, technical breadth and an offering that ranges from AI- ready data centres to data-sovereign cloud and security services. Sources: TrendForce, European Commission, European Parliament, ENISA, VDURA ¹Digital sovereignty is the principle that data and digital infrastructure should be controlled legally and operationally within one’s own region, in this case the EU, rather than being dependent on foreign providers and legislation. ²DRAM is the working memory used in servers, computers and other equipment, and includes generations from DDR2 to DDR5. ³The Cloud and AI Development Act (CADA) is the European Commission’s legislative proposal aimed at significantly increasing the EU’s own data centre capacity and strengthening European control over cloud and AI infrastructure. ⁴The proposal refers to these levels as Union Assurance Levels. They indicate the degree to which a cloud service is protected against dependencies and legislation outside the EU. ⁵NIS2 is the EU directive on cybersecurity for essential and important entities, with requirements for risk management and incident reporting. ⁶Vulnerabilities refer to security flaws in software and hardware that are registered in the global CVE database. Market development Contract prices, change versus previous quarter, % Memory prices are rising more slowly - but still rising 0 25 50 75 100 Q4 2026 ForecastQ3 2026Q2 2026Q1 2026 Conventional memory (DRAM) Flash memory (NAND) 172 90-95 55-60 58-63 70-75 13-18 10-15 10-15 15-20 Sovereign cloud infrastructure in Europe to more than triple by 2027 0 5 10 15 20 25 2027 Forecast2026 Forecast2025 Sovereign IaaS ¹, Europe Source: Gartner, February 2026 European spending on sovereign IaaS, USD billion. European expected to overtake North America in 2027. 6,9 12,6 23,1 1 304 +83% p.a. 1 Sovereign IaaS (Infrastructure as a Service) is cloud infrastructure where data and operations remain under national control and are governed by the country’s laws.
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6 Interim report, Q3 2026 Introduction Group development Financial reports Other Trends & opportunities 1. Increasing investment in data centre systems Data centre systems are the fastest-growing segment of global IT spending. According to Gartner’s forecast from July 2026, spending is expected to increase by 62.5 per cent in 2026 to USD 822 billion, following an increase of 51.6 per cent in 2025. The segment includes servers, storage and network equipment. Most of the growth comes from the major cloud providers’ investments in AI-optimised servers, and rising memory prices are also contributing. At the same time, companies and public sector organisations are also expanding their capacity for AI workloads and modernising their data centre environments. This is the part of the market that is relevant to Proact, in the form of demand for capacity, modernisation and the design of hybrid data centre environments. 2. Rising demand for data sove- reignty and strong growth in the sovereign cloud The need to store and process sensitive data within national or European borders is accelerating rapidly. In Europe, consumption of sovereign cloud1 is expected to increase by more than 80 per cent annually between 2025 and 2027, driven by regulatory requirements, public sector demand, and increasing risk awareness among businesses. Data sovereignty is increasingly becoming a strategic requirement in procurement processes rather than a preference. This is driving greater demand for local data centres, regional hosting, storage platforms with full data control, and hybrid models where customers combine cloud services with local infrastructure. 1 A sovereign cloud is a cloud infrastructure and services strategy designed to ensure that data is stored, managed, and processed in accordance with specific national or regional laws, regula - tions, and ethical standards. 3. Workloads are being repatriated – from global clouds to local and regional platforms An increasing number of organisations are moving workloads from global hyperscalers to local or regional clouds and on-premises environments. The reasons are clear: geopolitical uncertainty, increased risk exposure, stricter security and compliance require - ments, and the need for greater technical and legal control. Forecasts indicate that up to 75 per cent of global enterprises are expected to repatriate parts of their workloads by 2030. This shift is making local data centre capacity and regional cloud services increasingly important. 4. AI-ready infrastructure as the new foundation for modern IT operations AI is no longer an experimental domain, it is now driving the fastest growth in the infrastructure market. Organisations require platforms capable of handling model training, high data intensity and real-time demands. A significant share of these workloads will run on-premise or in regional data centres in Europe, where requirements for perfor - mance, latency, security and control often exceed what general-pur - pose cloud platforms can offer. This creates substantial opportunities for solutions such as GPU infrastructure, AI-optimised storage, high-performance networking, and container-based AI operations within customer environments. 5. Growing need for data protec- tion, security and cyber resilience The global security situation is deteriorating rapidly, and cyber threats are becoming increasingly sophisticated due to the growing use of AI in attacks. Organisations therefore need to modernise their security architecture, adopt Zero Trust principles and improve their ability to detect and manage incidents. Security budgets are increasing in areas such as identity and access management, detection and response, security monitoring and continuity solutions. At the same time, the need for managed services is growing — many organisations lack the resources to tackle the threat landscape themselves. For Proact, this means increased demand for services in backup, recovery, security monitoring, data protection and platforms that strengthen customer resilience. Introduction Sources: Gartner, TrendForce, NAND Research, SHI Insights, Bloomsbury Intelligence & Security Institute (BISI) Group development Financial reports Other
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7 Interim report, Q3 2026 Introduction Group development Financial reports Other Sustainability During the third quarter, Proact continued to strengthen its offering within secure, sovereign, and sustainable digital infrastructure. Work on cyber resilience, incident response and secure service delivery remains a priority as customer demand for secure and sovereign digital infrastructure grows. Drivers such as AI, increased regulatory requirements, cyber security and digital sovereignty are influencing customers’ investment decisions. Sustainability is an integral part of how Proact develops and delivers services, with a focus on combining resilience, regulatory compliance and resource efficiency. Minimising environmental footprint Rapid developments in AI and data centre infrastructure are increasing the importance of energy- and resour - ce-efficient IT environments. Energy efficiency is becoming a key factor in business and investment decisions. During the quarter, Proact continued developing solutions and services to help customers make more sustaina - ble choices on data storage, cloud services and digital infrastructure. Focus remained on monitoring energy use and PUE in data centres. Prepara - tions for Proact’s commitment to the Science Based Targets initiative (SBTi) continued. SecurityScorecard Proact shall obtain and maintain level A in Security- Scorecard. At the end of the quarter, the average result for Proact on a group level was A.Average PUE in the quarter was 1.3. The proportion of women was 19 per cent at the end of the quarter. PUE Average PUE (Power Usage Effectiveness) at the data centres used by Proact will not exceed 1.2 by 2030. Women The proportion of women in the Group should be at least 30 per cent by 2030. Resilient and sustainable IT services Work on developing the cyber security capabilities continued during the quarter. By introducing AI-suppor - ted workflows into the supply chain security programme, the ability to detect risks and continuously assess external partners has been enhanced. This has also led to a more efficient and structured vendor due diligence. These initiatives contribute to a more data-driven, proactive and resilient approach to managing value chain risks. Proact’s SecurityScorecard ra - ting remained at A during the quarter. Employer of choice During the quarter, Proact continued to strengthen its expertise in key technology areas, such as AI, cyberse - curity and digital infrastructure. Invest - ments in learning, skills development and leadership create the conditions for employees to develop in line with the market’s changing needs. This benefits both the company’s capacity for innovation and its position as an attractive employer, whilst also hel - ping to support customers in a rapidly changing technological environment. Focus area She Stödjer globala målen Långsiktiga mål Minimera miljöpåverkan - Klimatförändringar 2050 Nettonoll växthusgasutsläpp Säkra och hållbara IT-tjänster - Begränsning av cyberhot - Datahantering och -skydd - Hybrida molntjänster - Digital arbetsmiljö 2026 Erhålla och bibehålla 'A' i SecurityScorecard 2030 1,2 PUE i datacenter Attraktiv arbetsgivare - Ledarskap - Mångfald och inkludering - Lärande och utveckling 2030 Engagemangsindex 86 2030 30% kvinnor Interna och externa principer och policyer FN- och OECD-principer | Proact Code of Conduct Proact Company Handbook Värdegrund Win as one | Excel every day Engage with passion A1.3 19% Outcome F E D C B A Q3 262025202420232022 n.d. B B A B Outcome 20% 19% 19% 19% 19% 0 10 20 30 40 50% Q3 262025202420232022 Target Outcome 0.0 0.5 1.0 1.5 Q3 262025202420232022 Target 1.32 1.30 1.31 1.301.31
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8 Interim report, Q3 2026 Introduction Group development Financial reports Other 53% Share of total revenue Revenue amounted to SEK 630 million (540), an increase of 16.5 per cent compared with the same period last year. The acquisition of Consular ApS contributed 1.5 per cent, and currency effects had an impact of 1.4 per cent. Organic growth was 13.6 per cent (-3.2). The revenue increase was mainly driven by systems sales, which rose by 17.5 per cent. Services revenue increased by 15.0 per cent, with growth in all service areas. Adjusted EBITA amounted to SEK 90 million (56), an increase of 60.9 per cent compared with the previous year. The adjusted EBITA margin was 14.3 per cent (10.3). The margin improvement is explained by product mix and efficient resource utilisation. 630 90 14.3 Adjusted EBITA margin, % (10.3) Adjusted EBITA, SEK million (56) Total revenue, SEK million (540) Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 ∆, % Jan-Sep 2026 Jan-Sep 2025 ∆, % Rolling 12 months Jan-Dec 2025 System revenues 386 329 17.5 1,466 1,281 14.4 1,946 1,762 Service revenues 243 211 15.0 714 647 10.3 944 877 of which support revenue 131 113 16.5 372 331 12.3 486 445 of which revenue from cloud services 78 70 12.3 232 211 9.8 305 284 of which consulting revenue 34 29 15.5 110 105 5.2 153 148 Other 0 0 -15.9 2 2 -26.5 2 3 Total Revenue 630 540 16.5 2,181 1,931 13.0 2,892 2,642 Adjusted EBITA 90 56 60.9 268 203 31.9 337 272 Adjusted EBITA margin, % 14.3 10.3 - 12.3 10.5 - 11.6 10.3 Business Unit – Nordic & Baltics
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9 Interim report, Q3 2026 Introduction Group development Financial reports Other Share of total revenue Business Unit – UK Revenue amounted to SEK 184 million (203), a decrease of 9.3 per cent compared with the same period last year. Organic revenue decreased by 10.5 per cent (8.4) against a strong comparison period, while currency effects had a positive impact of 1.2 percentage points. Services revenue decreased by 10.0 per cent, mainly within cloud services and consulting services, and systems revenue decreased by 8.5 per cent, largely due to postponed deliveries. Adjusted EBITA amounted to SEK 9 million (16), a decrease of 41.0 per cent compared with the same period last year. The adjusted EBITA margin was 5.1 per cent (7.8). Lower services volumes had a negative impact on the gross margin and mainly explain the decrease in earnings, which was partly offset by lower selling expenses. 184 9 5.1 Total revenue, SEK million (203) Adjusted EBITA margin, % (7.8) Adjusted EBITA, SEK million (16) Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 ∆, % Jan-Sep 2026 Jan-Sep 2025 ∆, % Rolling 12 months Jan-Dec 2025 System revenues 80 87 -8.5 222 250 -11.1 300 328 Service revenues 105 116 -10.0 307 323 -5.2 416 433 of which support revenue 19 20 -3.5 58 59 -1.6 79 80 of which revenue from cloud services 63 69 -8.6 181 200 -9.4 246 265 of which consulting revenue 23 28 -17.9 68 65 4.5 91 88 Other 0 - - 0 - - 0 - Total Revenue 184 203 -9.3 529 573 -7.8 716 761 Adjusted EBITA 9 16 -41.0 31 29 5.6 45 43 Adjusted EBITA margin, % 5.1 7.8 - 5.8 5.1 - 6.3 5.7 15%
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10 Interim report, Q3 2026 Introduction Group development Financial reports Other Business Unit – West Share of total revenue Revenue amounted to SEK 217 million (176), an increase of 23.8 per cent compared with the same period last year. The divestment of the consulting business in the Netherlands had an impact of −6.4 percentage points on revenue and currency effects −0.3 percentage points. Organic growth was 30.5 per cent (-16.1). The revenue increase was driven by systems sales, which more than doubled. Services revenue decreased by 5.7 per cent as a result of the divestment but increased organically. Adjusted EBITA amounted to SEK 10 million (1). The adjusted EBITA margin was 4.8 per cent (0.3). The increase is mainly explained by higher systems sales. 217 10 4.8 Total revenue, SEK million (176) Adjusted EBITA margin, % (0.3) Adjusted EBITA, SEK million (1) Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 ∆, % Jan-Sep 2026 Jan-Sep 2025 ∆, % Rolling 12 months Jan-Dec 2025 System revenues 92 42 117.1 217 128 69.5 272 183 Service revenues 125 133 -5.7 382 403 -5.1 514 535 of which support revenue 16 14 8.1 45 44 3.0 60 58 of which revenue from cloud services 98 95 2.6 283 289 -2.0 378 383 of which consulting revenue 12 23 -48.5 54 70 -23.2 77 93 Other 0 0 -42.2 0 1 -37.2 1 1 Total Revenue 217 176 23.8 600 532 12.8 786 718 - Adjusted EBITA 10 1 1,645 21 -6 427.9 25 -2 Adjusted EBITA margin, % 4.8 0.3 - 3.5 -1.2 - 3.2 -0.3 18%
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11 Interim report, Q3 2026 Introduction Group development Financial reports Other Business Unit – Central Share of total revenue Revenue amounted to SEK 171 million (190), a decrease of 10.2 per cent compared with the same period last year. Organic revenue decreased by 10.3 per cent (−6.9), and currency effects had an impact of +0.1 percentage points. The decrease relates to the systems business, where revenue decreased by 21.3 per cent, while services revenue increased by 0.7 per cent. This development is the result of a deliberate choice to focus sales on customers and deals with higher profitability. Adjusted EBITA amounted to SEK 8 million (−2). The adjusted EBITA margin was 4.5 per cent (−1.2). The margin improvement is the result of the completed efficiency programme combined with more selective sales. 171 8 4.5 Total revenue, SEK million (190) Adjusted EBITA margin, % (-1.2) Adjusted EBITA, SEK million (-2) Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 ∆, % Jan-Sep 2026 Jan-Sep 2025 ∆, % Rolling 12 months Jan-Dec 2025 System revenues 75 96 -21.3 187 230 -18.8 243 286 Service revenues 95 94 0.7 283 286 -0.9 379 382 of which support revenue 15 15 -0.2 44 46 -3.6 59 61 of which revenue from cloud services 62 60 3.1 181 181 0.2 244 243 of which consulting revenue 18 19 -6.1 57 59 -2.3 76 78 Other 0 0 772.0 0 3 -90.3 1 3 Total Revenue 171 190 -10.2 470 518 -9.3 623 672 Adjusted EBITA 8 -2 423.8 11 -7 262.8 13 -5 Adjusted EBITA margin, % 4.5 -1.2 - 2.4 -1.3 - 2.1 -0.8 14%
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12 Interim report, Q3 2026 Group developmentIntroduction Financial reports Other Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Nordic & Baltics 630 540 2,181 1,931 2,892 2,642 UK 184 203 529 573 716 761 West 217 176 600 532 786 718 Central 171 190 470 518 623 672 Other 1 -22 -26 -71 -83 -101 -113 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Nordic & Baltics 90 56 268 203 337 272 UK 9 16 31 29 45 43 West 10 1 21 -6 25 -2 Central 8 -2 11 -7 13 -5 Other 1 -5 6 1 12 -3 9 Total adjusted EBITA 112 76 332 231 417 316 Per cent Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Nordic & Baltics 14.3 10.3 12.3 10.5 11.6 10.3 UK 5.1 7.8 5.8 5.1 6.3 5.7 West 4.8 0.3 3.5 -1.2 3.2 -0.3 Central 4.5 -1.2 2.4 -1.3 2.1 -0.8 Other 1 22.4 15.5 -1.0 8.9 2.6 4.9 Total adjusted EBITA margin, % 9.5 7.0 9.0 6.7 8.5 6.8 Per cent Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Nordic & Baltics 13.6 -3.2 10.8 7.7 7.1 5.1 UK -10.5 8.4 -7.8 -1.2 -1.9 -0.7 West 30.5 -16.1 18.2 -15.9 12.8 -12.6 Central -10.3 -6.9 -7.8 -21.4 -12.4 -21.9 Other 1 1.8 2.1 4.7 2.5 4.2 2.6 Total organic growth 8.3 -4.5 6.7 -3.5 4.0 -3.8 1 This refers to group-wide figures and eliminations. Total revenue per business unit Adjusted EBITA per business unit Organic growth per business unit Adjusted EBITA margin per business unit Financial overview
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13 Interim report, Q3 2026 Group developmentIntroduction Financial reports Other Jan-Sep 2026, Amounts in SEK million Nordic & Baltics UK West Central Group wide Eliminations Group Total revenue 2,181 529 600 470 142 -213 3,709 EBITDA before items affecting comparability 307 54 49 30 1 - 441 Depreciations and write-downs on tangible fixed assets -39 -23 -28 -18 -1 - -109 EBITA before items affecting comparability 268 31 21 11 1 - 332 Items affecting comparability1 0 0 2 -4 3 - 1 EBITA 268 31 24 7 3 - 333 Amortisations and write-downs on intangible fixed assets - - - - - - -46 EBIT - - - - - - 288 Net Financial Items - - - - - - -13 Earnings before tax - - - - - - 275 Tax -54 Comprehensive income for the period 220 Jan-Sep 2025, Amounts in SEK million Nordic & Baltics UK West Central Group wide Eliminations Group Total revenue 1,931 573 532 518 136 -219 3,471 EBITDA before items affecting comparability 239 59 20 16 12 - 346 Depreciations and write-downs on tangible fixed assets -36 -30 -26 -23 -1 - -115 EBITA before items affecting comparability 203 29 -6 -7 12 - 231 Items affecting comparability -4 -1 -4 -12 -8 - -29 EBITA 199 28 -10 -18 4 - 202 Amortisations and write-downs on intangible fixed assets - - - - - - -42 EBIT - - - - - - 160 Net Financial Items - - - - - - -28 Earnings before tax - - - - - - 132 Tax -24 Comprehensive income for the period 108 1) Items affecting comparability in West totalling SEK 2 million, relate to the partial divestment of a business area. Other changes relate to reallocation between business areas, which are attributable to the 2025 cost efficiency programme. Operating segment
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14 Interim report, Q3 2026 Group developmentIntroduction Financial reports Other Revenue July-September In the third quarter, the company’s total revenue amounted to SEK 1,180 million (1,084), which is an increase of 8.9 per cent compared with the same period last year. This increase was primarily driven by higher system sales in several business units. However, exchange rate fluctuations affected the outcome by 0.8 per cent (-2.4), while acquisitions and divestments had an impact of -0.3 per cent (2.6). Organic revenue growth was 8.3 per cent (-4.5). System revenue totalled SEK 635 million (555), marking a 14.4 per cent increase. This growth is primarily due to several major system deals in Nordic & Baltics and West. On an organic basis, system revenue increased by 12.8 per cent (-7.9). Service revenue totalled SEK 544 million (528), marking a 3.0 per cent increase. On an organic basis service revenue increased by 3.5 per cent (-0.1). During the quarter, new cloud service contracts were signed, totalling SEK 118 million (248), with an average contract duration of three to five years. Total re - venue from cloud services increased by 3.3 per cent to SEK 278 million (269). On an organic basis, revenue from cloud services increased by 2.0 per cent (-1.7). Recurring revenue (i.e. revenue from cloud and support services) amounted to SEK 459 million (431), which corresponds to an annualised rate of SEK 1,837 million (1,723). This represents a 6.6 per cent increase for the quarter. Organically, recurring revenue increased by 5.3 per cent (1.5). January-September For the nine-month period the Group’s total revenue amounted to SEK 3,709 million (3,471), corresponding to an increase of 6.9 per cent compared the same period last year. This increase was primarily driven by higher system sales in several business units. Currency effects had a negative impact of -1.0 per cent (-1.8), while acquisitions and divestments had an impact of 1.3 per cent (1.8). Organically revenues increased by 6.7 per cent (-3.5). System revenue totalled SEK 2,091 million (1,884), marking a 11.0 per cent increase. On an organic basis, system revenue increased by 10.0 per cent (-3.0). Service revenue totalled SEK 1,616 million (1,582), marking a 2.1 per cent increase. On an organic basis service revenue increased by 2.8 per cent (-3.9). During the nine-month period, new cloud service contracts were signed, totalling SEK 486 million (512), with an average contract duration of three to five years. To - tal revenue from cloud services decreased by 0.1 per cent to SEK 812 million (812). On an organic basis, revenue from cloud services increased by 0.1 per cent (-4.4). Result July-September Gross profit increased by 14.2 per cent to SEK 298 million (261). The gross margin was 25.3 per cent (24.1). This increase is due to higher revenue, product mix and improved efficiency, particularly in the services business. Selling and administrative expenses amounted to SEK 201 million (197). Adjusted EBITA amounted to SEK 112 million (76), representing an increase of 47.3 per cent. The improvement was driven by higher sales and the cost-efficiency measures that had been implemented. The adjusted EBITA margin was 9.5 per cent (7.0) during the period. Earnings before tax was SEK 94 million (45). January-September Gross profit for the period amounted to SEK 913 million (824). The gross margin amounted to 24.6 per cent (23.7). This increase was primarily driven by higher system sales. Selling and administrative expenses decreased by 1.3 per cent (5.7). Adjusted EBITA increased by 43.8 per cent to SEK 332 million (231). This impro - vement was driven by a higher gross margin. The adjusted EBITA margin was 9.0 per cent (6.7) during the period. Earnings before tax was SEK 275 million (132). The Group’s tax expense comprises current and deferred tax, which is calculated based on the applicable tax rates in each country. The reported tax expense for the period was SEK 54 million (24), corresponding to an effective tax rate of 19.8 per cent (17.9). Cash Flow July-September In the quarter, cash flow totalled SEK 49 million (-121). Cash flow from operating activities totalled SEK 132 million (-28). Changes in working capital affected cash flow by SEK -34 million (-138). Cash flow from investing activities totalled SEK -20 million (0), of which SEK -9 million related to investments in fixed assets. Cash flow from financing activities totalled SEK -64 million (-93), repayment of lease liabilities of SEK -31 million (-29) and repurchase of own shares of SEK -20 million (-52). January-September During the period, cash flow totalled SEK 50 million (-344), of which SEK 383 million (154) came from operating activities. Changes in working capital affected cash flow by SEK -28 million (-115). Cash flow from investing activities totalled SEK -36 million (-241), of which SEK -18 million related to investments in fixed assets. The comparison period was affected by the acquisition of BlakYaks Ltd. Cash flow from financing activities totalled SEK -298 million (-257), with the period being affected by a dividend -66 million (-64), repayment of lease liabilities SEK -93 million (-96), payment of an additional purchase price of SEK -41 million and the repurchase of own shares, SEK -72 million, (-84). Services revenue Rolling 12 months revenue Systems revenue Other revenue Revenue and rolling 12 months 2022 2023 2024 2025 2026 0 375 750 1125 1500 Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2 MSEK 0 1250 2500 3750 5000 MSEK Adjusted EBITA Adjusted EBITA-margin Adjusted EBITA and EBITA margin 2022 2023 2024 2025 2026 0 20 40 60 80 100 Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2 MSEK 0 2 4 6 8 10 MSEK Group development
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15 Interim report, Q3 2026 Group developmentIntroduction Financial reports Other Recurring revenue Rolling 12 months revenue Recurring revenue 2022 2023 2024 2025 2026 0 100 200 300 400 500 Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2 MSEK 0 400 800 1200 1600 2000 MSEK Earnings per share, rolling 12 months 2022 2023 2024 2025 2026 0,00 2,25 4,50 6,75 9,00 Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2 MSEK Earnings per share Employees On 30 September 2026, the number of full-time equivalent (FTE) employees stood at 1,001 (1,092). The average number of full-time equivalent employees was 1,021 (1,112). Parent company in brief The parent company’s total revenue for the period was SEK 115 million (115). Earnings before tax was SEK 176 million (-23). As of 30 September 2026, the parent company’s liability in the joint group currency account amounted to SEK 783 million (619). The number of employees at the parent company at the end of the period was 29 (23). The parent company’s operations remained unchanged during the period. No significant transactions with related parties took place. Repurchase of own shares In accordance with a resolution passed at the Annual General Meeting on 5 May 2026, 1,450,000 shares were cancelled on 24 June 2026, representing a value of SEK 568,132, from the company’s own holdings. At the same time, a bonus issue of the same value was carried out, also in accordance with the resolution passed at the Annual General Meeting in May. The Annual General Meeting on 5 May 2026, authorised the Board of Directors to repurchase up to 10 per cent of the company’s shares until the next Annual General Meeting. As of 30 September 2026, 155,579 shares had been repur - chased under this authorisation. The Company held 551,324 shares in treasury as of 30 September 2026, corresponding to 2.1 per cent of the total number of shares. The total number of shares in issue amounted to 25,100,334. Financial position As of 30 September 2026, cash and cash equivalents amounted to SEK 542 mil- lion (444). None of the total overdraft facility of SEK 159 million has been utilised. Bank loans totalled SEK 227 million. Signed during the first quarter of 2026, the agreement consists of a fixed-term loan of EUR 20 million and a SEK 600 million revolving credit facility, which was unutilised as of 30 September 2026. At the end of the period, the Group’s equity ratio was 24.6 per cent (25.7). Group development Net debt Amounts in SEK million 30 Sep 2026 30 Jun 2026 30 Sep 2025 30 Jun 2025 Cash and cash equivalents 542 475 444 571 Bank overdraft facilities - - - - Liabilities to credit institutions, excl. liabilities related to financi- al leasing -227 -222 -221 -223 Net cash (+) / Net debt (-) excl. financial leasing 315 253 223 349 Financial leasing liabilities -319 -265 -232 -249 Net cash (+) / Net debt (-) incl. financial leasing -4 -12 -9 100 Unutilised bank overdraft facility 159 159 159 159 Total bank overdraft facility 159 159 159 159
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16 Interim report, Q3 2026 Group developmentIntroduction Financial reports Other Other information General information The company’s name is Proact IT Group AB (publ), with its registered office in Sol - na at Frösundaviks Allé 1, 169 04 Solna. The company has been listed on Nasdaq Stockholm since 1999 under the ticker symbol PACT. Events after the quarter Proact has decided to merge the business units West, which comprises the operations in the Netherlands and Belgium, and Central, which comprises the operations in Germany and the Czech Republic, into one business unit under the name Central. The merger takes effect on 1 January 2027. The purpose is to strengthen profitability through a more efficient organisation, in which resources and expertise are coordinated across national borders and the offering to custo - mers becomes more unified. The merged business unit will be led by Jacob Kronborg, Business Unit Director for Central and member of group management. From the same date, Alexander Lechthaler, Business Unit Director for West, will be responsible for sales and commercial development within Business Unit Central. He will remain Managing Director of Proact Netherlands & Belgium. From the interim report for the first quarter of 2027, the merged business unit will be reported as one operating segment, with restated comparative figures for prior periods. Transactions with related parties No transactions between Proact and related parties that have had a material impact on the Group’s position and results have taken place during the quarter. Risks and uncertainties The current macroeconomic situation is affecting the investment choices and wil- lingness of Proact’s existing and potential customers. Increased global geopolitical uncertainty has created further uncertainty for customers and the potential for supply chain disruption. The sharp rise in prices of hardware and memory components, resulting from a global imbalance between supply and demand, has led to longer delivery times and greater uncertainty over future price levels. This, in turn, affects customers’ investment decisions. Global events such as the conflicts in Ukraine and the Middle East have also increased the risk of inflation. Proact’s impact on the general market, along with the political and economic situation, is relatively limited. Otherwise, there have been no changes to the risks and uncertainties mentioned in the most recently published annual report. For a more detailed description of significant risks and uncertainties, please refer to Proact’s Annual and Sustainability Report 2025. The share The share capital amounts to SEK 10,618,837, divided into 25,651,658 shares with a quotient value of SEK 0.41. All shares have an equal share in the company's assets and profits and entitle the holder to one vote at the Annual General Meeting. At the Annual General Meeting, each person entitled to vote may vote for the full number of shares owned and represented by them without any restrictions on voting rights. Shareholders as of 30 September 2026 Number of shares Capital and votes Martin Gren (Grenspecialisten) 3,400,000 13.3% Fidelity Investments (FMR) 2,562,629 10.0% Handelsbanken Fonder 1,329,755 5.2% Alcur Fonder 1,224,271 4.8% Avanza Pension 1,106,660 4.3% Polaris Management A/S 877,600 3.4% Canaccord Genuity Wealth Management 899,222 3.3% FE Fonder 635,476 2.5% Proact IT Group AB 551,324 2.1% Nordnet Pensionsförsäkring 495,649 1.9% 13,082,586 50.8%
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17 Interim report, Q3 2026 Group developmentIntroduction Financial reports Other I hereby certify that this interim report provides a fair review of the parent company’s and the Group’s operations, financial position and results, and describes the significant risks and uncertainties facing the parent company and the companies within the Group. Important information This interim report may contain forward-looking information reflecting Proact IT Group AB’s current views on future events, financial performance and operational developments. Forward-looking statements are indicated by words such as “intends,” “sees,” “expects,” “may,” “assesses,” “plans,” “believes,” “estimates,” and other expressions that imply predictions or indica - tions regarding future developments or trends that are not based on historical facts. Such statements are, by their nature, subject to both known and unknown risks and uncertainties as they depend on future events and circumstances. They do not constitute a guarantee of future results or developments and actual outcomes may differ materially from those expressed in such statements. The company undertakes no obligation to update or correct such forward-looking information, except as required by law. This report has not been audited by the company’s auditors. Certification Solna, 22 October 2026 Magnus Lönn President and CEO Pursuant to the Board's authorisation
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18 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Financial reports OtherGroup development
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19 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Consolidated statement of comprehensive income Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 System revenue 635 555 2,091 1,884 2,757 2,550 Service revenue 544 528 1,616 1,582 2,157 2,124 of which support revenue 181 162 520 478 683 642 of which revenue from cloud services 278 269 812 812 1,083 1,083 of which consulting revenue 85 98 284 292 391 398 Other operating revenue 0 0 2 4 3 5 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Cost of goods and services sold -881 -822 -2,796 -2,647 -3,721 -3,572 Gross profit 298 261 913 824 1,196 1,107 Sales and marketing expenses -108 -106 -357 -345 -483 -472 Administration expenses -93 -91 -270 -289 -361 -380 Items affecting comparability 0 0 1 -29 -54 -84 Operating profit/loss (EBIT) 97 65 288 160 299 171 Net financial items -3 -20 -13 -28 -18 -33 Earnings before tax 94 45 275 132 280 138 Income tax -14 -8 -54 -24 -46 -15 Comprehensive income for the period 80 37 220 108 235 123 Other comprehensive income Items which may be reversed later in the income statement Change of hedging reserve (net investment in foreign operations) 15 4 33 -22 21 -34 Tax effect of change of reserve (net investment in foreign operations) -3 -1 -6 4 -3 7 Translation differences from remaining operations 15 -20 32 -37 31 -38 Total items which may be reversed later in the income statement 27 -16 59 -55 48 -66 Total comprehensive income for the period, net after tax 107 20 279 53 283 57 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Comprehensive income attributable to: Shareholders of the parent company 80 37 220 108 235 123 Total comprehensive income for the period attributable to: Shareholders of the parent company 107 20 279 53 283 57 Data per share¹ Earnings per share for the period attributable to the shareholders of the parent company, SEK 3.18 1.39 8.69 4.10 9.23 4.67 Profit per share for the period attribu- table to the shareholders of the parent company, after dilution, SEK 3.18 1.39 8.69 4.10 9.23 4.67 Equity per share attributable to the shareholders of the parent company, SEK 47.09 41.39 47.09 41.39 47.09 40.46 Cash flow from operations per share, SEK 5.25 -1.08 15.26 5.90 24.39 14.87 Number of outstanding shares at end of period 25,100,334 26,097,424 25,100,334 26,097,424 25,100,334 25,764,913 Weighted average number of outstan- ding shares 25,194,204 26,401,228 25,333,183 26,421,412 25,414,627 26,282,872 1 Proact operates a long-term performance-based share savings programme, which may result in a maximum dilution effect of 2.85%.
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20 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Amounts in SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 Assets Fixed assets Goodwill 1,334 1,302 1,296 Other intangible fixed assets 172 85 177 Tangible fixed assets 380 296 327 Other long-term receivables 714 647 645 Deferred tax receivables 25 23 27 Current assets Inventories 100 26 24 Trade and other receivables 1,540 1,383 1,465 Cash and cash equivalents 542 444 458 Total assets 4,807 4,196 4,418 Equity and liabilities Equity attributable to the shareholders of the parent company 1,182 1,080 1,042 Total equity 1,182 1,080 1,042 Long-term liabilities Long-term liabilities, interest-bearing 471 186 166 Long-term liabilities, non-interest-bearing 993 935 964 Deferred tax liabilities 57 39 60 Short-term liabilities Short-term liabilities, interest-bearing 180 411 313 Short-term liabilities, non-interest-bearing 1,924 1,546 1,873 Total equity and liabilities 4,807 4,196 4,418 Consolidated report of financial position - condensed
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21 Interim report, Q3 2026 Introduction OtherGroup development Financial reports 21Interim report, Q3 2026 Consolidated statement of changes in equity Amounts in SEK million Share capital Other capital contributions Translation of foreign subsidiaries Net investment in foreign subsidiaries Retained earnings, incl. profit for the period Total equity Equity as of 2025-01-01 11 298 66 37 760 1,172 Comprehensive income Jan-Sep 2025 - - - - 108 108 Other comprehensive income Jan-Sep 2025 - - -38 -22 - -60 Tax effect other comprehensive income - - - 5 - 5 Dividends - - - - -64 -64 Repurchase of own shares - - - - -84 -84 Long-term incentive programme - - - - 2 2 Sold previously repurchased shares - - - - 1 1 Equity as of 2025-09-30 11 298 28 20 723 1,080 Comprehensive income Oct-Dec 2025 - - - - 14 14 Other comprehensive income Oct-Dec 2025 - - -1 -11 - -12 Tax effect other comprehensive income - - - 2 - 2 Reclassifications between provisions - - -1 1 - - Repurchase of own shares - - - - -34 -34 Long-term incentive programme - - - - -8 -8 Sold previously repurchased shares - - - - - - Equity as of 2025-12-31 11 298 26 12 695 1,042 Comprehensive income Jan-Sep 2026 - - - - 220 220 Other comprehensive income Jan-Sep 2026 - - 32 33 - 65 Tax effect other comprehensive income - - - -6 - -6 Dividends - - - - -66 -66 Repurchase of own shares - - - - -72 -72 Long-term incentive programme - - - - -1 -1 Equity as of 2026-09-30 11 298 58 39 776 1,182 OtherFinancial reportsGroup developmentIntroduction
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22 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Consolidated statement of cash flow - condensed Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Cash flow from operations for the year Operating profit for the period 97 65 288 160 299 171 Adjustment for items not affecting cash flow: Reversal of depreciation and impair- ment of fixed assets 52 49 154 153 213 212 Financial leasing sales 17 4 13 15 17 19 Reversal of non-cash items 9 6 -5 3 24 32 Change in provisions 3 2 8 -5 25 13 Income tax paid -12 -16 -47 -58 -92 -102 Cash flow from operating activities before changes in working capital 166 109 411 269 487 344 Cash flow from changes in working capital Inventories -56 -1 -73 -5 -72 -4 Operating receivables 25 15 -82 75 -174 -16 Operating liabilities -3 -152 127 -185 371 59 Cash flow from operating activities 132 -28 383 154 612 383 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan-Dec 2025 Investing activities Acquisition of businesses - 6 - -207 -83 -289 Capital expenditure on tangible fixed assets -6 -7 -15 -33 -22 -40 Investments in intangible fixed assets -3 0 -3 -2 -3 -2 Change in financial assets -10 1 -17 1 -23 -5 Cash flow from investing activities -20 0 -36 -241 -132 -337 Financing activities Dividend - - -66 -64 -66 -64 Repurchase of own shares -20 -52 -72 -84 -106 -118 New loans - - 213 - 213 - Amortisation of loans - - -213 - -213 - Interest earned 4 3 7 9 9 12 Interest paid -6 -8 -19 -17 -22 -20 Amortisation of leasing debt -31 -29 -93 -96 -123 -126 Other cash flow from financing activities -11 -8 -56 -4 -100 -48 Cash flow from financing activities -64 -93 -298 -257 -407 -365 Total cash flow for the period 49 -121 50 -344 74 -320 Cash and cash equivalents at beginning of the period 475 571 458 814 444 814 Currency translation difference in cash and cash equivalents 19 -5 34 -25 23 -36 Cash and cash equivalents at end of the period 542 444 542 444 542 458
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23 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Statements of the parent company Amounts in SEK million Jan-Sep 2026 Jan-Sep 2025 Jan-Dec 2025 Net sales 115 115 156 Cost of goods and services sold 0 0 - Gross profit 115 115 156 Administration expenses -113 -124 -172 Operating profit 2 -9 -16 Net financial items 174 -14 -41 Earnings after financial items 176 -23 -57 Provisions - - 25 Earnings before tax 176 -23 -32 Income tax -13 5 5 Comprehensive income for the period 163 -18 -26 Profit/loss for the period corresponds to total comprehensive income. Therefore only an income statement is disclosed. Amounts in SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 Assets Fixed assets 1,374 1,290 1,369 Current assets 216 121 203 Total assets 1,589 1,411 1,572 Equity and liabilities Restricted equity 41 43 42 Non-restricted equity 445 469 420 Total equity 487 512 463 Long-term liabilities 227 - - Short-term liabilities 876 899 1,109 Total equity and liabilities 1,589 1,411 1,572 Statement of comprehensive income - condensed Balance sheet - condensed
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24 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Parent company´s statement of changes in equity Amounts in SEK million Share capital Statutory reserve Capitalised development costs Retained earnings Profit for the period Total equity Equity as of 2025-01-01 11 28 3 364 270 676 Transfer of previous year´s profit - - - 270 -270 - Comprehensive income Jan-Sep 2025 - - - - -19 -19 Dividends - - - -64 - -64 Repurchase of own shares - - - -84 - -84 Long-term incentive programme - - - 2 - 2 Sold previously repurchased shares - - - 1 - 1 Equity as of 2025-09-30 11 28 3 489 -19 512 Comprehensive income Oct-Dec 2025 - - - - -7 -7 Reversal of capitalised development costs - - 1 -1 - - Repurchase of own shares - - - -34 - -34 Long-term incentive programme - - - -8 - -8 Equity as of 2025-12-31 11 28 4 446 -26 463 Transfer of previous year´s profit - - - -26 26 - Comprehensive income Jan-Sep 2026 - - - - 163 163 Dividends - - - -66 - -66 Reversal of capitalised development costs - - 1 -1 - - Repurchase of own shares - - - -72 - -72 Long-term incentive programme - - - -1 - -1 Equity as of 2026-09-30 11 28 5 280 163 487
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25 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Derivation of key ratios Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan–Dec 2025 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 of which attributable to acquisitions and divestments -3 29 42 63 88 109 of which currency effects 9 -28 -36 -64 -82 -110 Total revenue, organic 1,174 1,082 3,703 3,471 4,911 4,679 Organic growth total revenue, % 8.3 -4.5 6.7 -3.5 4.0 -3.8 System revenue 635 555 2,091 1,884 2,757 2,550 of which attributable to acquisitions and divestments 4 1 32 2 47 16 of which currency effects 5 -12 -13 -29 -34 -50 Total system revenue, organic 626 567 2,072 1,911 2,744 2,583 Organic growth system revenue, % 12.8 -7.9 10.0 -3.0 4.6 -3.8 Services revenue 544 528 1,616 1,582 2,157 2,124 of which attributable to acquisitions and divestments -7 29 12 61 53 93 of which currency effects 4 -15 -23 -34 -48 -60 Total service revenue, organic 547 515 1,627 1,555 2,162 2,091 Organic growth service revenue, % 3.5 -0.1 2.8 -3.9 2.3 -3.7 Gross profit 298 261 913 824 1,196 1,107 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Gross margin, % 25.3 24.1 24.6 23.7 24.3 23.7 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan–Dec 2025 EBIT 97 65 288 160 299 171 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 EBIT margin, % 8.2 6.0 7.8 4.6 6.1 3.7 Amortisations and write-down on intangible assets 15 12 46 42 65 61 EBITA 112 76 333 202 363 232 EBITA margin, % 9.5 7.0 9.0 5.8 7.4 5.0 Items affecting comparability in EBITA, acquisitions - - - 4 1 5 Items affecting comparability in EBITA, group-wide action programme - - -1 25 54 79 Adjusted EBITA 112 76 332 231 417 316 Adjusted EBITA margin, % 9.5 7.0 9.0 6.7 8.5 6.8 Depreciation and write-down on tangible assets 37 37 109 115 145 151 EBITDA 150 113 442 317 508 383 EBITDA margin, % 12.7 10.5 11.9 9.1 10.3 8.2 Items affecting comparability in EBITDA, acquisitions - - - 4 1 5 Items affecting comparability in EBITDA, group-wide action programme - - -1 25 54 79 Adjusted EBITDA 150 113 441 346 562 467 Adjusted EBITDA margin, % 12.7 10.5 11.9 10.0 11.4 10.0 Earnings before tax 94 45 275 132 280 138 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Net margin, % 8.0 4.2 7.4 3.8 5.7 2.9 Earnings after tax 80 37 220 108 235 123 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Profit margin, % 6.8 3.4 5.9 3.1 4.8 2.6 Proact applies the European Securities and Market Authority (ESMA) guidelines on non-statutory financial measures. These refer to financial metrics relating to historical or future performance, financial position, financial results or cash flow that are not defined or specified in the applicable financial reporting standards — IFRS, in Proact's case. The alternative performance measures provided are based on their use by management for assessing financial performance and are therefore considered to provide shareholders and other stakeholders with valuable information. See page 27 for definitions.
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26 Interim report, Q3 2026 Introduction OtherGroup development Financial reports Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan–Dec 2025 Equity 1,182 1,080 1,182 1,080 1,182 1,042 Total assets 4,807 4,196 4,807 4,196 4,807 4,418 Equity ratio, % 24.6 25.7 24.6 25.7 24.6 23.6 Average total assets - - - - 4,502 4,447 Total revenue - - - - 4,917 4,679 Capital turnover rate, times¹ - - - - 1.0 1.1 Cash and cash equivalents 542 444 542 444 542 458 Liabilities to credit institutions, excl. liabilities related to financial leasing -227 -221 -227 -221 -227 -216 Financial leasing liabilities -319 -232 -319 -232 -319 -262 Net debt -4 -9 -4 -9 -4 -21 EBITDA - - - - 508 383 Net debt / equity ratio, times¹ - - - 0.0 -0.1 Average equity - - - - 1,131 1,107 Earnings after tax - - - - 235 123 Return on equity, %¹ - - - - 20.7 11.1 Total assets 4,807 4,196 4,807 4,196 4,807 4,418 Non-interest-bearing liabilities -2,917 -2,481 -2,917 -2,481 -2,917 -2,837 Deferred tax liability -57 -39 -57 -39 -57 -60 Capital employed 1,833 1,677 1,833 1,677 1,833 1,521 Earnings after net financial items - - - - 280 138 Financial costs included in net financial items - - - - 28 37 Profit after financial items, excluding financial expenses - - - - 308 175 Return on capital employed, %¹ - - - - 16.8 11.5 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan–Dec 2025 Average number of employees 996 1,096 1,021 1,112 1,035 1,103 Earnings before tax 94 45 275 132 280 138 Earnings before tax per employee, SEK thousands 94 41 269 119 271 125 Derivation of key ratios 1 Calculated only for full year and rolling 12 months.
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Introduction Other Group development Financial reports 27 Interim report, Q3 2026 Economic key ratios Definition Purpose Gross margin Gross profit as a percentage of total revenue. Gross profit in relation to total revenue shows profitability at gross profit level and provides profit comparability over time. EBIT Operating profit before net financial items and tax. EBIT provides a general view of total profit generated by the business. EBIT margin Operating profit/loss as a percentage of total revenue. EBIT in relation to total revenue shows operational profitability and provides profit comparability over time. EBITA Earnings after depreciation of tangible fixed assets but before amortisation of intangible assets, net financial items and tax. EBITA gives a more correct view of which profit is generated by the busi- ness when amortisation of intangible fixed assets – which is affected extensi- vely by assessment of the amortisation period – is excluded. Adjusted EBITA Earnings after depreciation of tangible fixed assets but before amortisation of intangible assets, net financial items and tax, adjusted for items affecting comparability. Adjusted EBITA gives a more correct view of which profit is generated by the business when amortisation of intangible fixed assets affected extensively by assessment of the amortisation period, as well as items affecting comparability that vary from regular opera tions, are excluded. EBITA margin EBITA as a percentage of total revenue. EBITA in relation to total revenue shows profitability at EBITA level and provides profit comparability over time. EBITDA Earnings before depreciation/amortisa- tion (tangible fixed and intangible fixed assets), net financial items and tax. Besides amortisation of intangible fixed assets, EBITDA also excludes depreciation of tangible fixed assets, both of which are affected extensively by assessed deprecia tion/amortisation periods. EBITDA margin EBITDA as a percentage of total revenue. EBITDA in relation to total revenues shows profitability at EBITDA level and provides profit comparability over time. Economic key ratios Definition Purpose Equity per share Equity attributable to the parent compa- ny’s shareholders per share. The net asset value per share provides a guideline on how high or low a share is valued by the stock exchange in relation to the money in the company. Items affecting comparability Items in the income statement that are non- recurring and have affected the profit and are important to be aware of in order to understand the underlying result. It is necessary to be aware of and be able to take into account expense items that deviate from normal business so that Proact’s performance can be analy- sed and assessed correctly. Capital turnover rate, times Revenue expressed as a percentage of the average balance sheet total. This is used to show the efficiency of the use of total capital for the company. Cash flow Change in cash and cash equivalents. The cash flow shows the net amount of cash and cash equivalents generated and used within the company. Net cash/net debt Cash and cash equivalents minus interest- bearing liabilities to credit institutions. To assess the ability to use available cash and cash equivalents to pay off all liabilities if they were to fall due on the date of the calculation. Net margin Earnings before tax as a percentage of total revenue. The net margin provides comparable profitability regardless of the corporation tax rate. Organic growth Growth in net sales, excluding the net sales contributed to the Group by com- panies acquired and divested during the year, plus currency effects. Shows the underlying growth, i.e. growth excluding acquired and divested growth. Earnings per share Earnings to the parent company’s share- holders per share. Earnings per share is used to determine the value of the company’s outstanding shares. Earnings per employee Earnings before tax divided by the aver- age number of full-time employees. This is a measure of productivity showing profitability per employee. Return on equity Earnings for the period after tax, expres- sed as a percentage of average equity. Return on equity shows what the compa- ny is generating in terms of profitability, returns, on capital invested by owners. Definition of key ratios
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Introduction Other Group development Financial reports 28 Interim report, Q3 2026 Economic key ratios Definition Purpose Return on capital employed Earnings after net financial items plus financial expenses, expressed as a per cent age of the average capital employed. For evaluating the profitability and effi- ciency of Proact’s capital employed. Debt levels Net debt in relation to EBITDA. Net debt/EBITDA is a theoretical measu- re of how many years it would take with current earnings (EBITDA) to pay off the company’s liabilities. Equity ratio Equity including minority interests as a percentage of balance sheet total. An indicator of the company’s leverage for financing the company. Capital employed Balance sheet total minus non-interest bearing liabilities inclusive of deferred tax liabilities. Capital employed measures the com- pany’s ability to meet the needs of the business in addition to cash and cash equivalents. Currency effects Net sales and profit for the period, tran- slated into currency exchange rates for the previous year. Shows underlying growth, i.e. growth exclud ing the effect of changes in currency exchange rates. Profit margin Earnings for the period after tax as a percentage of total revenue. The profit margin makes it possible to com pare profitability including the corporate tax rate. Definition of key ratios
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Introduction Other Group development Financial reports 29 Interim report, Q3 2026 Amounts in SEK million Oct 25- Sep 26 31 Dec 2025 31 Dec 2024 31 Dec 2023 31 Dec 2022 Total revenue 4,917 4,679 4,864 4,847 4,757 EBITDA 508 383 510 458 473 EBITDA margin, % 10.3 8.2 10.5 9.4 9.9 EBITA 363 232 351 286 313 EBITA margin, % 7.4 5.0 7.2 5.9 6.6 EBIT 299 171 296 230 261 EBIT margin, % 6.1 3.7 6.1 4.7 5.5 Earnings before tax 280 138 278 218 244 Net margin, % 5.7 2.9 5.7 4.5 5.1 Earnings after tax 235 123 220 173 192 Profit margin, % 4.8 2.6 4.5 3.6 4.0 Equity ratio, % 24.6 23.6 26.2 24.9 21.8 Capital turnover rate, times 1.0 1.1 1.1 1.2 1.2 Return on equity, % 20.7 11.1 20.2 18.2 23.4 Return on capital employed, % 16.8 11.5 19.7 16.3 17.2 Dividend to shareholders of the Parent company 66 64 54 51 41 Financial costs included in net financial items 28 37 36 40 27 Earnings before tax per employee, SEK thousands 271 125 250 188 211 Average number of employees 1,035 1,103 1,112 1,160 1,160 Earnings per share for the period, SEK 9.23 4.67 8.15 6.29 6.97 N o t e s The Group's interim report has been prepared in accor - dance with IAS 34 and the Swedish Annual Accounts Act. The parent company's interim report has been prepared in accordance with the Swedish Annual Accounts Act and RFR 2. The accounting policies applied are consistent with those set out in the 2025 annual report. All amounts are shown in millions of Swedish kronor (SEK million), unless stated otherwise. Rounding differences may occur, consequently the sum of the individual figures may differ from the presented aggregate figure. Unless stated otherwise, comparative figures in this report are presented in brackets and refer to the corresponding period in the previous year. Financial instruments Proact’s financial instruments comprise derivatives, trade receivables, cash and cash equivalents, trade payables, accrued trade costs, additional purchase considerations, and interest-bearing liabilities. Derivatives are recognised in the balance sheet at the contract date and measured at fair value initially and on subsequent remeasurement. All derivatives are recognised on an ongoing basis at fair value, with changes in value re - cognised in the statement of comprehensive income: under 'cost of goods sold' for derivatives linked to trade payables and under 'financial items' for derivatives linked to finance leases. Derivatives are measured at fair value within Level 2, i.e. fair value determined using valuation techniques with observable market data, either directly (as a price) or indirectly (derived from a price). All other financial assets are classified as loans and trade receivables, including trade receivables and cash and cash equivalents. All other financial liabilities are classified as other financial liabilities, which are measured at amortised cost. This includes trade payables, accrued trade costs, and liabilities to credit institutions. The interest recognised on liabilities to credit institutions is in line with the current interest rate on these liabilities, whilst the maturities of other financial assets and liabilities are short. Additional purchase considerations are classified as Level 3 and relate to long-term liabilities. Long-term liabilities are measured at fair value through profit or loss. The carrying amount of additional purchase considerations due within th - ree years but more than one year, measured in accordance with Level 3, is SEK 24.0 million. Based on this, the carrying amounts of all financial assets and liabilities are considered a reasonable estimate of fair value. 1 Accounting principles 2 Five-year summary
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Introduction Other Group development Financial reports 30 Interim report, Q3 2026 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan–Dec 2025 Telecom 84 77 226 253 297 324 Bank, Finance 68 114 281 390 361 470 Energy 48 72 201 214 264 277 Manufacturing 190 111 496 389 656 549 Media 7 8 28 38 38 48 Trading & services 215 210 568 609 764 805 Public sector 361 378 1,312 1,120 1,810 1,617 Other 207 115 598 459 727 588 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 Amounts in SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Rolling 12 months Jan–Dec 2025 Sweden 413 329 1,461 1,257 1,930 1,727 UK 184 203 529 573 716 761 The Netherlands 161 155 491 463 656 628 Germany 144 180 421 491 568 638 Other countries 278 217 807 687 1,047 925 Total revenue 1,180 1,084 3,709 3,471 4,917 4,679 N o t e s 3 Revenue per industry and country
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Introduction Other Group development Financial reports 31 Interim report, Q3 2026 Financial calendar Capital Markets Day 11 November 2026, 13:30 CET Year-end report 2026 16 February 2027, 08:00 CET Interim report Q1 2027 4 May 2027, 08:00 CET Annual General Meeting 2027 4 May 2027, 16:00 CET Interim report Q2 2027 16 July 2027, 08:00 CET Interim report Q3 2027 26 October 2027, 08:00 CET Proact IT Group AB Frösundaviks Allé 1 Box 4061, 169 04 Solna Phone 08-410 666 00 www.proact.eu Report presentation Invitation to report presentation In connection with the publication of the interim report, Proact invites investors, analysts and media to a webcast presentation. The presentation will be held in English and will be followed by a Q&A session. Date: Thursday, 22 October 2026 Time: 09:30 CET Webcast This is information that Proact IT Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 (CET) on 22 October 2026. Contact Magnus Lönn President and CEO magnus.lonn@proact.eu Åsa Regen Jansson CFO asa.regen.jansson@proact.eu Christopher Ramstedt Investor Relations & Communications Manager christopher.ramstedt@proact.eu Capital Markets Day Invitation to the Capital Markets Day Proact invites investors, analysts and media to its Capital Markets Day at Hotel At Six (Studio 9) in Stock- holm. Group management will present the company’s strategy, market position and view on long-term value creation. The event can be followed on site or via webcast and concludes with a Q&A session. The deadline for regis - tering for in-person attendance is 4 November. Date: Wednesday, 11 November 2026 Time: 13:30-17:30 CET Register