Interim report
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Third quarter 2025 January 1 – September 30, 2025 • Net sales increased 9% to MSEK 1,308.8 (1,200.9). • Adjusted EBITA increased 9% to MSEK 146.2 (134.0), corresponding to an adjusted EBITA margin of 11.2% (11.2). • Profit for the period amounted to MSEK −148.7 (31.7). The result was affected by impairment of acquisition-related surplus values of MSEK −201.1. • Diluted earnings per share for continuing operations amounted to SEK −1.42 (0.37). • Cash flow from operating activities amounted to MSEK 132.6 (119.8). • The Group’s cash and cash equivalents and unutilized credit facilities amounted to MSEK 290.6 (118.8) on September 30, 2025. • Net sales increased 16% to MSEK 3,880.1 MSEK (3,352.2). • Adjusted EBITA increased 10% to MSEK 311.8 (284.7), corresponding to an adjusted EBITA margin of 8.0% (8.5). • Profit for the period amounted to MSEK −124.6 (–48.1). The result was affected by impairment of acquisition-related surplus values of MSEK−201.1. • Diluted earnings per share for continuing operations amounted to SEK −1.36 (1.33). • Cash flow from operating activities amounted to MSEK 237.8 (289.6). Significant events during and after the quarter • On August 18, it was announced that Pamica Group’s subsidiary Eskilstuna Dynamics Holding AB (“EDAB”) had entered into a settlement agreement with NicFreJon Holding AB. In accordance with the agreement, an earn-out of MSEK 12 has been paid to NicFreJon Holding AB for the operations of EDAB’s subsidiary. In addition, any profit earned by EDAB for the 2025 financial year will be distributed equally between the parties. • On August 20, it was announced that Louise Ankarcrona had been appointed CFO of Pamica Group, effective October 1, 2025. • On October 31, the portfolio company Logiwaste was divested. • On November 3, Pamica Group’s Board of Directors resolved to make an impairment in the third quarter of 2025 of acquisition-related surpluses totaling MSEK -201.1, attributable to three companies within the Innovations and Industry segments. Interim report Jan-Sep 2025 Pamica Group AB Summary of performance 1) Financial metrics defined according to IFRS. Definitions and explanations of the use of alternative performance measures are presented in the table on page 20. Reconciliation tables for alternative performance measures are presented on page 22. 2) Includes discontinued operations. !"#$ %C '(F*+F,+FJ.(/M12*+(F3 #Q#R #Q#S 78 #Q#R #Q#S 78 #S9#R #Q#S !"#ABCD"BE)*A+I-K E*/MNON E*PMMO4 4R /*NNMOE /*/SPOP ETR S*ESSOT 8*TP9OT :;<C=>?A="#ABCD"BA<;@A#B*AR MO4 NOMC9*EAaa CEO9 TOSCN*PAaa CPOS EOM -bcde*A+I-K EETOS EETOT MR P9POP P84O9 4R /E/OE P4MOT efghB#"fA-bcde*A+I-K E8TOP E/8OM 4R /EEON PN8O9 EMR /NPON /SSON efghB#"fA-bcdeAiC;<>=*AR EEOP EEOPCM*MAaa NOM NOSCM*SAaa 9O8 9O9 :;<C=>?A-bcdeA<;@A#B*AR EOM 9SO/C98*/Aaa CE8O4 84OTCT8*SAaa EOP 9OM -bcdE)*A+I-K CEMTOM 4TOTCPEMR TOT EE8ON C48R CP/SOE CEPTO4 -bcdAiC;<>=*AR CNOE NOMCET*EAaa MOP /O8C/*PAaa C8OT CPO9 j;@N>#AN@;A#B"Aa";>@fE)*A+I-K CE8NO9 /EO9CST4R CEP8OT C8NOECES4R C889O4 C/9EO8 l>Dh#"fA"C;=>=<BAa";ABBC;"A?@=#>=h>=<A@a";C#>@=BE)*AI-K CEO8P MO/9C8NER CEO/T EO//CPMPR C8O8T CPOMP m"#h;=A@=A?Ca>#CDA"iaD@n"fP)*AR 9OT SO8P*/Aaa 9OT SO8P*/Aaa 9OT TOT m"#h;=A@=A"oh>#nP)*AR CE9O4 CSOPCEP*9Aaa CE9O4 CSOPCEP*9Aaa CE9O4 CE8OP pCBBAND@AAN;@iA@a";C#>=<AC?#>q>#>"BE)P)*A+I-K E/POT EE4ON EER P/9ON PN4OT CENR /4POS 888O/ !"#Af"r#sCfghB#"fA-bcdleAmEP+*At /OS9 /OS8 M*M/t /OS9 /OS8 M*M/t /OS9 /O/M :; Y2F=>M/
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Pamica Group AB | Interim Report January-September 2025 2 CEO’s comments Net sales increased 9% to SEK 1.3 billion in the third quarter, of which organic growth accounted for just under 1%. It is encouraging to see that the Group is returning to organic growth after two challenging quarters. Acquired growth includes SKAB-Group. Adjusted EBITA increased 9% to MSEK 146, corresponding to an adjusted EBITA margin of 11.2%, which is in line with last year. Profitability for each segment was also in line with the comparative period. Organic EBITA growth amounted to 1%, meaning that the positive trend is continuing after a difficult start to the year. Cash flow and financial position Cash flow from operating activities increased to MSEK 132.6 for the quarter, compared with MSEK 119.8 for the comparative quarter. Our leverage ratio, measured as net debt/adjusted proforma EBITDA R12M, amounted to 3.57x at the end of the quarter, compared with 3.71x for the preceding quarter. The decline was mainly driven by cash flow generation and lower net debt. Impairment of goodwill On November 3, Pamica Group’s Board of Directors resolved to make an impairment in the third quarter of 2025 of acquisition-related surpluses totaling MSEK -201.1. The impairment is attributable to the acquisitions of Delta of Sweden, EDAB and IM Vision, but does not impact cash flow. Strategic plan to increase profitability We are continuing our efforts to enhance efficiency in the Group’s companies in order to increase profitability, combined with previously planned structural measures in accordance with our strategic plan for 2025. In connection with this work, we have revised our previous expectations downward regarding the effects on the financial key ratios in 2025. However, we expect a slightly positive organic profit development in the fourth quarter and are working focused on demonstrating profitable growth in 2026. In terms of operational structural measures, we are working continuously to identify synergies in existing operations. During the quarter, the operations of moving services company Freys Express became part of Alfa Mobility. In addition, our defense group Micropol initiated a close partnership with Stapp and EDAB, which manufacture and sell equipment for shooting ranges, primarily to the military and police. In M&A, we are strengthening our existing verticals geographically and to expand the product range, mainly through add-on acquisitions. Pamica 5 has acquired three businesses to date: ABC Karossen i Mönsterås, Alma and HTSM Eskilstuna. It is our ambition that these acquired companies shall become part of Pamica Group. However, this requires decisions/approval from the shareholders of Pamica Group, Pamica 5, the lenders to Pamica Group and relevant authorities during the fourth quarter. Once this has happened, ABC Karossen will become part of SKAB and Alma will become part of Alltronic. In addition, we have divested the portfolio company Logiwaste. Many projects are underway at the same time in the Group, and I would like to conclude by thanking everyone who is working hard to ensure that we improve our profitability step by step! Jan-Olof Svensson President and CEO Pamica Group AB
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Pamica Group AB | Interim Report January-September 2025 3 Financial performance, Group Net sales The Group’s net sales for the third quarter amounted to MSEK 1,308.8 (1,200.9), corresponding to an increase of 9%. The organic growth for the third quarter was MSEK 10.0 (67.2), corresponding to an organic growth on net sales of 0.9% (8.0). In addition to the development of organic net sales, during the third quarter SKAB Group contributed with acquired net sales. SKAB Group was reported as organic growth from September. The Group's net sales for the period January-September amounted to MSEK 3,880.1 (3,352.2), corresponding to an increase of 16%. Organic growth during the period amounted to MSEK –56.7 (153.3), corresponding to a negative organic net sales growth of –1.7% (6.5). Profit Adjusted operating profit before acquisition-related amortization (adjusted EBITA) increased to MSEK 146.2 (134.0) in the third quarter, corresponding to an adjusted EBITA margin of 11.2% (11.2). Adjusted EBITA was adjusted in the third quarter for other items affecting comparability of MSEK –29.7, attributable primarily to IPO preperations, ongoing reorganization and restructuring. In the comparative quarter, adjustments consisted of MSEK –11.1 for other items affecting comparability primarily attributable to reorganization and restructuring and acquisition-related items affecting comparability, which amounted to MSEK –6.3. The profitability increased in the Service segment while it decreased in the Industry and Innovation segments compared to the same quarter last year. Operating profit, EBIT, for the third quarter amounted to MSEK –106.0 (96.6), corresponding to an operating margin of –8.1% (8.0). Operating profit includes items affecting comparability, specified above, totalling MSEK –29.7 (–17.4). The result was affected by a write-down of acquisition-related goodwill of −201.1 MSEK. Adjusted EBITA for the period January-September amounted to MSEK 311.8 (284.7), corresponding to an adjusted EBITA margin of 8.0% (8.5). For the period January-September, adjusted EBITA was adjusted for other items affecting comparability of MSEK –39.5. In the comparison period, adjusted EBITA is adjusted for other non-recurring items at –27.6 and for acquisition-related non-recurring items at –7.4 MSEK. Other non-recurring items are mainly attributable to IPO preparations, reorganization, and restructuring during the current period, and reorganization and restructuring in the comparison period. Operating profit, EBIT, for the period January-September amounted to MSEK 6.6 (114.8), corresponding to an operating margin of 0.2% (3.4). Operating profit includes items affecting comparability, specified above, totalling MSEK –39.5 (–35.0). The operating profit was affected by impairments of acquisition-related surplus values of −201.1 MSEK. The comparison period was impacted by impairment of goodwill of MSEK –75.9. Pamica Group: Net sales, R12M, MSEK Pamica Group: Adjusted EBITA, R12M, MSEK ! "#!!! $#!!! %#!!! &#!!! '#!!! (#!!! )% $!$$ )&)" $!$% )$)%)&)" $!$& )$)%)&)" $!$' )$)% *+,#-./+- !" #" $!" $#" ! $!! %!! &!! '!! #!! (& %!%% ('($ %!%& (%(&('($ %!%' (%(&('($ %!%# (%(& )*+,-.I*01234) 56789:;0"
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Pamica Group AB | Interim Report January-September 2025 4 Financial performance, segment Industry Net sales Net sales in the third quarter amounted to MSEK 352.0 (292.1), corresponding to an increase of 21%. Within the segment, it was primarily SKAB Group that contributed to revenue growth. SKAB Group was reported as organic growth starting from September. The segment's organic growth in the third quarter amounted to –37.1 MSEK, corresponding to an organic net sales growth of –13%. The negative organic development in the third quarter is mainly explained by Solideq, where demand has been lower than in the corresponding quarter of the previous year. The segment's net sales for the period January-September amounted to MSEK 1,206.6 (773.2), corresponding to an increase of 56%. The segment's organic growth in the period amounted to MSEK –100.7, corresponding to organic net sales growth of –13%. Profit Adjusted operating profit before acquisition-related amortization (adjusted EBITA) amounted to MSEK 33.9 (38.5) in the third quarter, corresponding to an adjusted EBITA margin of 9.6% (13.2). Adjusted EBITA was adjusted in the third quarter for other items affecting comparability, attributable to ongoing reorganization and restructuring, of MSEK –2.3 (–6,6). SKAB-Group contributed with MSEK 10.2 in acquired adjusted EBITA while the organic adjusted EBITA growth in the third quarter for the Industry segment amounted to MSEK –14.8. Adjusted EBITA for the period January-September amounted to MSEK 115.5 (68.3), corresponding to an adjusted EBITA margin of 9.6% (8.8). For the period January-September, adjusted EBITA was adjusted for other items affecting comparability of MSEK –3.5 (–6.9) attributable to reorganization and restructuring. The segment's organic adjusted EBITA growth in the period amounted to MSEK –17.6. Industry: Net sales, R12M, MSEK Industry: Adjusted EBITA, R12M, MSEK ! "!! #$!!! #$"!! %$!!! &' %!%% &(&# %!%' &%&'&(&# %!%( &%&'&(&# %!%" &%&' )*+$,-.*, !" #" $!" $#" ! #! $!! $#! %!! &' %!%% &(&$ %!%' &%&'&(&$ %!%( &%&'&(&$ %!%# &%&' )*+,-.I*01234) 56789:;0" The companies in segment Industry produce and sell customized solutions and systems that are often developed in close cooperation with customers. With a high level of technical expertise, these businesses add value for customers by strengthening their processes and end products. Absortech, Alltronic, Artex, Logiwaste, SKAB, Solideq and Vefi are included in the segment, which in 2024 reported net sales of MSEK 1,219 and an adjusted EBITA of MSEK 105.
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Pamica Group AB | Interim Report January-September 2025 5 Financial performance, segment Services Net sales Net sales for in the third quarter amounted to MSEK 803.8 (758.6), corresponding to an increase of 6%. The net sales development is organic. The segment's net sales for the period January-September amounted to MSEK 2,197.5 (2,091.1), corresponding to an increase of 5%. The segment's organic growth in the period amounted to MSEK 57.0, corresponding to organic net sales growth of 3%. Profit Adjusted operating profit before acquisition-related amortization (adjusted EBITA) amounted to MSEK 82.3 (65.4) in the third quarter, corresponding to an adjusted EBITA margin of 10.2% (8.6). Adjusted EBITA was adjusted in the third quarter for other items affecting comparability attributable to reorganization and restructuring of MSEK –3.3 (–10.8). Organic adjusted EBITA gowth, amounted to MSEK 16.2 in the third quarter. Adjusted EBITA for the period January-September amounted to MSEK 129.3 (102.7), corresponding to an adjusted EBITA margin of 5.9% (4.9). For the period January-September, adjusted EBITA was adjusted for other items affecting comparability, attributable to reorganization and restructuring, amounted to MSEK –10.6 (–23.4). The comparison period is adjusted for acquisition-related items of MSEK –1.2. The segment's organic adjusted EBITA growth for the period amounted to MSEK 23.9. Services: Net sales, R12M, MSEK Services: Adjusted EBITA, R12M, MSEK ! "#!!! $#!!! %#!!! &#!!! '% $!$$ '&'" $!$% '$'%'&'" $!$& '$'%'&'" $!$( '$'% )*+#,-.*, !" #" $!" $#" %!" ! #! $!! $#! %!! &' %!%% &(&$ %!%' &%&'&(&$ %!%( &%&'&(&$ %!%# &%&' )*+,-.I*01234) 56789:;0" The companies in segment Services are service companies with strong positions in specific niches. The segment is divided into the two verticals: B2B, which includes Alfa Mobility, Beans in Cup, Freys Express, PPP and IM Vision, and B2C, which includes Houser Group and Sappa. In 2024, the segment reported net sales of MSEK 2,771 and an adjusted EBITA of MSEK 131.
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Pamica Group AB | Interim Report January-September 2025 6 Financial performance, segment Innovations Net sales Net sales in the third quarter amounted to MSEK 152.1 (151.4), corresponding to a decrease of 0.4%. The net sales development is organic. The segment's net sales for the period January-September amounted to MSEK 471.9 (489.8), corresponding to a decrease of –4%. The net sales decrease is organic. Profit Adjusted operating profit before acquisition-related amortization (adjusted EBITA) amounted to MSEK 33.4 (35.9) in the third quarter, corresponding to an adjusted EBITA margin of 22.0% (23.7). The adjusted EBITA decrease is organic. Adjusted EBITA was adjusted in the third quarter for other items affecting comparability, attributable to reorganization and restructuring of MSEK –1.8 (–0.1). Adjusted EBITA for the period January-September amounted to MSEK 83.7 (130.2), corresponding to an adjusted EBITA margin of 17.7% (26.6). For the period January-September, adjusted EBITA was adjusted for other items affecting comparability, attributable to reorganization and restructuring, amounted to MSEK –3.2 (–0.9). The adjusted EBITA decrease is organic. Innovations: Net sales, R12M, MSEK Innovations: Adjusted EBITA, R12M, MSEK ! "!! #!! $!! %!! &' "!"" &#&( "!"' &"&'&#&( "!"# &"&'&#&( "!") &"&' *+,-./0+. !" #!" $!" %!" &!" ! '! #!! #'! $!! (% $!$$ (&(# $!$% ($(%(&(# $!$& ($(%(&(# $!$' ($(% )*+,-.I*01234) 56789:;0" The companies in segment Innovations are niche companies with unique offerings and/or patents, with clear scalability and international potential. The companies are divided into the two verticals: Defense & Security, which includes Micropol and Stapp, and Amusement, which includes Delta of Sweden and Waboba. In 2024, the segment reported net sales of MSEK 638 and an adjusted EBITA of MSEK 175.
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Pamica Group AB | Interim Report January-September 2025 7 Other financial information Financial position and liquidity The Group’s total assets on September 30, 2025 amounted to MSEK 5,932.6 (6,723.7). The Group’s equity on September 30, 2025 amounted to MSEK 2,313.7 (2,700.1). The Group’s cash and cash equivalents and unutilized credit facilities on September 30, 2025 amounted to MSEK 290.6. Cash flow and investments Cash flow from operating activities in the third quarter amounted to MSEK 132.6 (119.8). Changes in working capital had a postive contribution in the third quarter totaling MSEK 5.3 (12.1). Cash flow from operating activities during the period January-September amounted to MSEK 237.8 (289.6). Change in working capital contributed negatively during the period with a total of MSEK –56.6 (42.1). Cash flow from investing activities in the third quarter amounted to MSEK –16.0 (–78.5), of which net liquidity effect from acquisition and sales of subsidiaries/operations amounted to MSEK –1.2 (–59.7). Cash flow from investing activities during the period January-September amounted to MSEK –84.2 (–157.7). Net liquidity effect from acquisition and sales of subsidiaries/operations is primarily attributable to the final purchase price adjustment for the acquisition of SKAB-Group. Cash flow from financing activities in the third quarter amounted to MSEK –136.3 (–44.4), of which amortization of debt for earn-out and minority options amounted to MSEK –12,0 (–50,2). Cash flow from financing activities during the period January-September amounted to MSEK –249.2 (–132.8). Financial net Financial net in the third quarter amounted to MSEK –41.0 (-44.1). Of the total financial net, MSEK –37.7 (–35.9) comprised the net of interest expenses and interest income, MSEK –1.1 (–0.5) the net of exchange gains and exchange losses and MSEK 0.1 (-7.2) the net of revaluation of earn-out liabilities. Other financial items contributed MSEK –2.3 (–0.5). Net financial items for the period January-September amounted to MSEK –126.4 (32.8). Of the total net financial items, MSEK –116.3 (–104.1) consists of net from interest expenses and interest income, MSEK –3.2 (–0.9) from net from foreign exchange gains and losses, and MSEK 0.0 (146.0) from net from revaluation of earn-outs. Other net financial items amounted to MSEK –7.0 (–8.3). Acquisitions and divestments No acquisitions were completed during the second quarter or in the period January-September. On January 31, 2025, Pamica Group AB’s subsidiary Safe Solutions Consulting i Sverige Holding AB divested all shares in Safe Solutions Consulting i Sverige AB with all related subsidiaries. In January 2025, corporate restructuring processes in Safe Solutions Consulting in Sweden AB and two subsidiaries became legally binding, contributing MSEK 19.0 in profit from discontinued operations during the first quarter. The divestment generated a capital loss in the Group of MSEK –0.4 and a net cash flow of MSEK –3.0. Parent Company The Parent Company’s net sales for the January–September period amounted to MSEK 25.0 (23.1), EBIT to MSEK –39.3 (–19.2) and profit for the period to MSEK –247.1 (–165.3). The period's result is affected by impairments and write-ups of shares in group companies amounting to a net of −222.9 MSEK. The Parent Company’s net sales comprised intra-Group services and sales of management servics to related parties, see section Transactions with related parties on the next page for more information.
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Pamica Group AB | Interim Report January-September 2025 8 Other disclosuresAccounting policies This condensed interim report for the Group was prepared in accordance with IAS 34 Interim Financial Reporting, as well as the applicable regulations of the Swedish Annual Accounts Act. The interim report for the Parent Company has been prepared in accordance with Chapter 9 Interim Reports of the Annual Accounts Act. For the Group and the Parent Company, the same accounting policies and calculation bases were applied as in the most recent Annual Report, except for the amended accounting policies described below. Disclosures in accordance with IAS 34.16A are provided not only in the financial statements and the accompanying notes but also elsewhere in this interim report. For further information about the Group’s accounting policies, refer to the 2024 Annual Report. The Annual Report is published on https://www.pamica.se/en/about-pamica/investors/financial-reports-and-presentations/ Risks and uncertainties Pamica Group is exposed to risks, in particular the general economic climate and prevailing market conditions, which may impact the operations of the portfolio companies as well as the Group’s investing activities and the performance of acquired companies. The full risk analysis can be found in the Group’s 2024 Annual Report on pages 20-21, page 30 and on pages 56-57. Ongoing disputes Pamica Group’s portfolio company Delta of Sweden Aktiebolag was served with a summons application against the company in the US, filed by MGA Entertainment. The amount in dispute totals MUSD 12.4. Delta of Sweden has petitioned the US court to dismiss MGA Entertainment’s action due to the lack of jurisdiction. At the same time, the companies are in advanced discussions regarding a potential settlement based on a non-binding letter of intent. These discussions are progressing well and could result in a binding agreement in the future. If the parties do reach a binding agreement, or if the court decides to dismiss the case, the legal process will end. In light of this, the risk of the process having a material financial impact on Delta of Sweden is deemed to be low. Transactions with related parties Pamica Group has entered into an agreement with the related company Pamica 5 AB which includes that Pamica Group sells management services to Pamica 5 at market prices. During the third quarter, Pamica Group reported net sales of MSEK 1.0 for the sale of management services to Pamica 5 AB. During the period January-September, net sales from sales of management services to Pamica 5 AB amounted to MSEK 4.6. As of the balance sheet date, outstanding receivables amount to MSEK 4.6. Employees The average number of employees for the January-September period was 2,292 (2,401). The percentage of women was 41% (42). Events during the reporting period On January 30, 2025, Pamica Group’s bonds were admitted to trading on the Transfer Market segment of the Nasdaq First North Bond Market. In accordance with the bond terms, the bonds shall be admitted to trading on the Corporate Bond list at Nasdaq Stockholm or on another regulated market within 12 months from December 5, 2024. On January 31, 2025, Pamica Group AB divested all subsidiaries to Safe Solutions Consulting i Sverige Holding AB. See section Acquisitions and divestments on page 7 for more information. On February 20, 2025, Pamica Group announced that its subsidiary Eskilstuna Dynamics Holding AB (EDAB) had received a notice of arbitration from the SCC Arbitration Institute. The arbitration was initiated by NicFreJon Holding AB (“Claimant”), which submitted a request for arbitration to the SCC. The operations of EDAB’s subsidiary were acquired from the Claimant, indirectly through EDAB, by Pamica Group in November 2023. The Claimant asserted that EDAB would be obligated to pay SEK 50,000,000 due to an alleged breach of contract related to the non-payment of an earn-out. Additionally, the Claimant was seeking interest on the amount and compensation for legal costs. EDAB was served with a copy of the request for arbitration and was ordered to submit a response. Legal counsel was retained to handle the matter. Both EDAB and Pamica assessed the claim as unfounded and therefore contested it. On March 25, 2025, Pamica Group AB announced that CFO Anders Maiqvist has resigned and that Jan-Olof Svensson took on the role as acting interim CFO, in addition to his role as CEO. In the second quarter, Pamica Group signed an agreement with the related-party company Pamica 5 AB under which Pamica Group sells management services to Pamica 5 and Pamica Group has the option to acquire the subsidiaries in Pamica 5 in the future. Pamica 5 has completed a funding round under which a large number of investors have committed to invest up to MSEK 340. 87% of the capital comes from Pamica Group’s current owners and 13% from new investors. Pamica Group has an option to acquire acquired subsidiaries of Pamica 5 in the future, which is intended to take place through future non-cash issues. These transactions will be subject to a decision/approval of the shareholders of Pamica Group and Pamica 5 as well as by Pamica Group’s lenders. On August 18 Pamica Group announced that Eskilstuna Dynamics Holding AB (“EDAB”) had entered into a settlement agreement with NicFreJon Holding AB. In accordance with the agreement, an earn-out of MSEK 12 has been paid to NicFreJon Holding AB for the operations of EDAB’s subsidiary. In addition, any profit earned by EDAB for the 2025 financial year will be distributed equally between the parties. NicFreJon Holding AB had previously asserted that EDAB was obligated to pay MSEK 50 due to an alleged breach of contract related to the non-payment of an earn-out. No further claims remain between the parties following the signing of the settlement agreement.
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Pamica Group AB | Interim Report January-September 2025 9 On August 20 Pamica Group announced Louise Ankarcrona was appointed as the new CFO of Pamica Group as of October 1, 2025. Louise has worked as Finance Director BA Services at Storskogen Group since 2021 and was CFO of Hemfrid from 2018 to 2021. She has also served as Finance Manager and Head of Consulting at Infocare, Finance Manager and Senior Business Controller at Telia, and Business Controller at Fujitsu Sweden. On November 3, Pamica Group’s Board of Directors resolved to make an impairment in the third quarter of 2025 of acquisition-related surpluses totaling MSEK -201.1. The impairment, which is charged to EBIT, is attributable to the acquisitions of Delta of Sweden, EDAB and IM Vision, but does not impact cash flow. On November 3, Pamica Group's board of directors decided to write down acquisition-related surplus values in the third quarter of SEK –201.1. The impairment, affecting operating profit, EBIT, is attributable to the acquisitions of Delta of Sweden, EDAB and IM Vision, but does not affect cash flow. Events after the end of the reporting period On On October 31, Logiwaste Holding AB and its subsidiaries were divested. The purchase price amounts to SEK 1 plus one preference share in Logiwaste which entitles the holder to a significant portion of the profits in Logiwaste and the disposal proceeds in the event of a future sale of the companies to a third party. The profit impact from the divestment amounts provisionally to –23.0 MSEK, and the impact on the Group's cash flow to –8.0 MSEK, which will be recognized in the fourth quarter of 2025.
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Pamica Group AB | Interim Report January-September 2025 10 The Board’s assurance The Board of Directors and the CEO assure that this interim report for the January–September 2025 period provides a true and fair view of the company’s and the Group’s operations, financial position and results and describes the significant risks and uncertainties faced by the company and the companies included in the Group. Halmstad, November 3, 2025 Tomas Franzén Chairman of the Board Ulrika Saxon von Essen Board member Johan Ryding Board member Jan Klippvik Board member Lina Stolpe Board member Ulrika Valassi Board member Jan-Olof Svensson CEO This interim report is unaudited.
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Pamica Group AB | Interim Report January-September 2025 11 Financial statements Consolidated income statement !"#A BC ADEF #*#+ #*#I #*#+ #*#I #IJ#+ #*#I K/M1OMPOMQR/ST891O/M: !"#ABCD"B E)*+I-I E)K++-/ *)II+-E *)*0K-K 0)E00-N O)NKP-N 4#R"SAT8"SC#9:;A9:<T=" P-K I-K KP-N OP-I */-I N+-+ R ";Y"=>* ";#*?>" Y;?*@>@ Y;I**>* +;"?+>I I;=A@>= >C89#CD9B"?A@TSAAT:AT@:AC<<TB:# +-/ E-+ *-N *-P N-I N-I CC@A=C#"S9CDBAC:?A<T:BB=CaD"B bNK0-0 b0P*-I bE)IK/-NbE)0KP-P bK)OKO-* bK)EKK-* 4#R"SA"c#"S:CDA"c8":B"B bEN0-K bEKN-O bOPP-K bO++-I bN*E-K b00O-I d"SBT::"DA<TB#B b*OP-+ b*KN-E bE)E*+-PbE)+*E-P bE)00N-O bE)O0P-O 4#R"SAT8"SC#9:;A"c8":B"B bO-O bEK-K bKI-I b*E-0 bKI-N b*E-* eRCS"ATfAS"BBD#BATfACBBT<9C#"BA b+-E b+-* bE-/ b+-O bK-* b+-P EBCabc "@I>= "@">I IIY># I"">= ++?>+ +#@>? g"8S"<9C#9T:hC=TS#9iC#9T:AC:?A9=8C9S=":# b0I-E b0O-I bEPE-+ bENE-/ bKON-O bK*P-* EBCac ""=>+ ""=>= #@#># #I?>@ Y"Y>" #?*>= ddMbS"DC#"?A?"8S"<9C#9T:hC=TS#9iC#9T:AC:?A9=8C9S=":# bIP-0 bK+-+ bEK/-N b0/-+ bE0K-+ bIE-0 k=8C9S=":#ATfA;TT?@9DD bE*0-+ b bE*N-EA bP0-/A b*/N-E b**N-+A EBCa d"*=>* ?=>= =>= ""I>A d#Y+>" d"#=>? !"#Af9:C:<9CDA9#"=B bOE-+ bOO-E bEKN-O *K-I bE/P-P b*I-0 e8/fO1RgTf/8TR19h d"I@>* +#>+ d""?>A "I@>= dIY#>A d"=+>I lCc bE-P bEP-* bEI-0 bKE-I bE/-+ bKK-* e8/fO1Rf/8R1iTRST8O/MRf8/NRl/M1OMPOMQR/ST891O/M: d"IA>@ Y+># d"YA>Y "#+>A dI+">A d"A@>@ bO:l/M1OMPTMR/ST891O/M: dSTf9#AfTSA#R"A8"S9T?AfST=A?9B<T:#9:B"?AT8"SC#9T:B)A:"#ACf#"SA#Cc +-+ b*-0 E*-P bEP*-/ *-/ bEI*-P e8/fO1Rf/8R1iTRST8O/M d"IA>@ Y">@ d"#I>= dIA>" dII@>? dY@">I m1iT8Rl/NS8TiTM:OnTROMl/NT lSC:BDC#9T:A?9ff"S":<"B)AfTS"9;:AT8"SC#9T:B bE-K b0-* bEE-0 bN-PA bP-E bK-* a/19oR/1iT8Rl/NS8TiTM:OnTROMl/NT d"># d+>Y d"">+R d=>@R d@>" d#>Y K/NS8TiTM:OnTROMl/NTRf/8R1iTRST8O/M d"I?>? #=>I d"Y=>" d+I>A dI++>" dY@Y>A !"#$%C'$#"'C()'*)"%#+'$"#,'-#.C%./%.0'#*)"1C%#.2 1.+'+%2-#.C%./)+'#*)"1C%#.2'1CC"%P/C1P4)'C#5 dCS":#A>T=8C:mABRCS"RTD?"SB bEO/-I *E-I bEKI-0 bOI-/ bO0K-0 b*PK-I !T:b<T:#STDD9:;A9:#"S"B#B E-E b+-E *-/ +-I O-N E-O e8/fO1Rf/8R1iTRST8O/M d"IA>@ Y">@ d"#I>= dIA>" dII@>? dY@">I 6#,*")().2%7)'%.-#,)'$#"'C()'*)"%#+'1CC"%P/C1P4)'C#5 dCS":#A>T=8C:mABRCS"RTD?"SB bE0E-+ KN-P bEO+-+ b00-O bO0/-N b*P0-+ !T:b<T:#STDD9:;A9:#"S"B#B E-E b+-* *-/ +-0 O-0 E-K K/NS8TiTM:OnTROMl/NTRf/8R1iTRST8O/M d"I?>? #=>I d"Y=>" d+I>A dI++>" dY@Y>A nCB9<A"CS:9:;BA8"SABRCS"A<T:#9:B9:;AT8"SC#9T:B)Aeop bE-O* +-*I bE-*N E-*0 bO-OP bK-+K g9DB#"?A"CS:9:;BA8"SABRCS"A<T:#9:B9:;AT8"SC#9T:B)Aeop bE-OK +-*P bE-*N E-** bO-ON bK-+K nCB9<A"CS:9:;BA8"SABRCS"A9:<DB?9:;A?9B<T:#9:B"?AT8"SC#9T:B)Aeop bE-O* +-*O bE-K* b+-0* bO-O* b*-/I g9DB#"?A"CS:9:;BA8"SABRCS"A9:<DB?9:;A?9B<TB:#9:B"?AT8"SC#9T:B)Aeop bE-OK +-*O bE-K* b+-0K bO-O* b*-/I MT"SC;"A:B=a"SATfABRCS"B)Ar+++ E+0)0+O /O)0+0 E+O)I+I /*)/IN E+K)KN+ /*)*/* p9MdDTSTY
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Pamica Group AB | Interim Report January-September 2025 12 Consolidated statement of financial position !"#A%CA DE)* +,+- +,+K +,+K !""#A" !"#A"%CD()*A++)#+ I-./0N/ O-IP0N/ O-4ION/ RST8)S#9-*8(A"#*A":*);<C8=)"# >O.NP >OON4 >?.N? @C%A#BTCB<+)*A++)#+ O0/NI ?0>N. ?I4N/ RAS#CaC8A#CT"+*C"*A++TaCA#)+ .NP ?NO /NP b#A)S*8AS#CaC8A#CT"+ /N4 /N0 /N/ cT"Ba<SS)"#*S)a)CdAD()+ eN/ P4N4 eNP f)C)SS):*#Ag*A++)#+ PPN? P>Ne P>N. LMN2PA4M45#STT"4NA288"N8 K9-%:;C -9C<,;% K9<-=;+ !"d)"#TSC)+ ?4?N? ?>0N? ?>PNO f)C)SS):*#Ag*A++)#+ eN. 0NI >?N0 haaT<"#+*S)a)CdAD() />?N/ //?NP ??>N? RS)8AC:*)g8)"+)+*A":*AaaS<):*C"aT=) P>IN> P>.N> PI0NI iT"#SAa#*A++)#+ /PN. ?PN4 OeN4 b#A)S*S)a)CdAD()+ P/NI >PN0 >/N4 iA+A*A":*aA+A*);<CdA()"#+ ?ON/ PPeNe PO0N0 LMN2PA#STT"4NA288"N8 C9%>:;: C9-+C;< C9K:C;< ?88"N8A@"PAABMTA82P" ,;, +C;- +,;C LMN2PA288"N8 -9>%+;: :9=+%;= :9%%>;C %&'EA) MAAS)*aA8C#A( 4N. 4N/ 4N. b#A)S*aT"#SCD<#):*aA8C#A( >-.0/NI >-.I/N. >-.eIN> NSA"+(A#CT"*S)+)Sd)+ BPPNP BON4* 4NO @)#AC"):*)AS"C"%+*C"a(<:C"%*")#*8STCC#*CTS*#A)*9)AS BO0IN. BO.N/ BI?>Ne )CSaNbA2NNTacSN2cP"ANMAd2T"4NAeMfg24bA8@2T"@MPA"T8 +9+>+;+ +9:<-;: +9KKC;% hM45#M4NTMPPa4iAa4N"T"8N8 +C;- CK;K C=;< LMN2PA"CSaNb +9%C%;= +9=,,;C +9K->;C *E+,E-EAE#" cT"Ba<SS)"#*C"#)S)+#BD)ASC"%*(CADC(C#C)+ P-/OeNP P-O>PN/ P-.4>NO cT"Ba<SS)"#*()A+)*(CADC(C#C)+ IO?NO OI?N. I0.NO cT"Ba<SS)"#*)AS"BT<#*(CADC(C#C)+ 4N0 IN> PIN. cT"Ba<SS)"#*=C"TSC#9*T8#CT"*(CADC(C#C)+ IeN? PO>N4 PPeNI b#A)S*"T"Ba<SS)"#*(CADC(C#C)+ 0NI 0N/ 0N. RSTdC+CT"+ .NP eN? P4N4 f)C)SS):*#Ag*(CADC(C#C)+ >?4NO >.?NP >.?NI LMN2PA4M45#STT"4NAPa2caPaNa"8 +9%,,;: +9+>-;= +9-C:;> i<SS)"#*C"#)S)+#BD)ASC"%*(CADC(C#C)+ >?N. Ie?Ne OPN> i<SS)"#*()A+)*(CADC(C#C)+ P?4N/ P?eNe P??N? i<SS)"#*)AS"BT<#*(CADC(C#C)+ PNP P>N. I>N0 i<SS)"#*=C"TSC#9*T8#CT"*(CADC(C#C)+ e>NI 4N4 4N4 haaT<"#+*8A9AD() IeeNO OI4NP O4/NP i<SS)"#*#Ag*(CADC(C#C)+ ?IN? OeN. /0N> b#A)S*a<SS)"#*(CADC(C#C)+ PI/N> >IeN> P.PN4 haaS<):*)g8)"+)+*A":*:)C)SS):*C"aT=) >.IN. >O>NP >.0N/ iT"#SAa#*(CADC(C#C)+ P0?Ne P?IN0 P/ON0 LMN2PA#STT"4NAPa2caPaNa"8 C9%C<;K C9:<%;- C9%C<;C Ma2caPaNa"8A2NNTacSN2cP"ANMA288"N8A@"PAABMTA82P" ,;, KK;K K-;, LMN2PAPa2caPaNa"8 %9:C<;> K9,+%;: %9<<,;, LMN2PA"CSaNbA24AAPa2caPaNa"8 -9>%+;: :9=+%;= :9%%>;C E"gA%,A
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Pamica Group AB | Interim Report January-September 2025 13 Consolidated statement of cash flows Statement of cash flows from discontinued operations !"#$ %C $'EF #*#+ #*#, #*#+ #*#, #,J#+ #*#, !"#$%&'(F*%+&'I'&'#- !"#ABCDE)A#")DC*+DI#-CB-.B-/D#0)"*CB#-N OP4RST 89S8 OPP:S; P4RS< O4=9S; OP<8S4 !"#ABCDE)A#")DC*+D>BNI#-CB-.B-/D#0)"*CB#-N TST O=S8 P=S: OPR=S: 4S4 OP;=S4 ?>@.NCA)-CNDA#"D-#-OI*NBDBC)AN ODC)0")IB*CB#-a*A#"CBb*CB#- R:S8 R9SP 9=4S8 99TS: =P<ST =T9S4 ODc"*-Nd*CB#-D>BAA)")-I)N OTSR OPS9 O8S= OTS= O8S; OTS; ODe*0BC*dD/*B-N OTS= OTS; OPS9 O:SR OPSP O:S< ODfA0*B"A)-CD#AD/##>gBdd P=8ST TST P=<SP R8S: =:<S9 ==<ST ODhCB)"DBA0*B"A)-CN <<SP TST <<SP TST ;9S8 P<S4 ODi)j*d.*CB#-D#AD)*"-O#.CN OTSP RS9 OTST OP4<ST =TS< OPP8S4 ODeB*-/)DB-D*II".)>DB-C)")NC 9ST =S9 98ST RS= O8SR O9=S4 ODCBNI#-CB-.B-/D#0)"*CB#-N TST TST OP;S< P8=S< OP;S< P8=S< ODhCB)"D*>@.NCA)-CN 9SP OP8SR 8S; OP8S4 RSR OP=S8 f-I#A)DC*+D0*B> O:S9 O<ST O4PS: OP9S8D O4TS< OPPS9 f-I")*N)DNOlaC)I")*N)DNmlDB-DB-j)-C#"B)N O;S; 4S= P<SP OP4S< 9=S= ORS4 f-I")*N)DNOlaC)I")*N)DNmlDB-D#0)"*CB-/D")I)Bj*Ed)N P<SR =8S9 O8;S8 O;PSP 4PST P;S4 f-I")*N)DNmlaC)I")*N)DNOlDB-D#0)"*CB-/DdB*EBdBCB)N O9S< O9RS= OP4S9 P=;ST O4S8 P4RSR K/M123QRS237R82R9:7/;Y=>2/?;Y@Y;Y:M "A#BC ""aBE #AcBE #EaBC Aa#B+ ,,,BAnnnnnnnnnnnnnn .(I#-&'(F*%+&'I'&'#- ?Io.BNBCB#-D#AD0"#0)"CpqD0d*-CD*->D)o.B0A)-C OPPS4 OP4S8 O=:S: O49SP O<:SP ORPS= CBj)NCA)-CD#AD0"#0)"CpqD0d*-CD*->D)o.B0A)-C TS4 9S9 4S= ;S= RS4 PPS4 ?Io.BNBCB#-D#ADB-C*-/BEd)D*NN)CN O9S: O<S; OP=ST O=TS4 O=TS: O4;S= ?Io.BNBCB#-D#ADN.ENB>B*"B)Na#0)"*CB#-NqD-)CDdBo.B>BCpD)AA)IC OPS9 O8:SR O9:SPD O:4STD O9:ST O:4ST CBj)NCA)-CD#ADN.ENB>B*"B)Na#0)"*CB#-NqD-)CDdBo.B>BCpD)AA)IC TST TST O9S;D TSR O9S< TS: ?Io.BNBCB#-D*->D>Bj)NCA)-CD#AD#CB)"DAB-*-IB*dD*NN)CN OTS; TS= O=SRD OTS9D O8SP OPSRD K/M123QRS237R82Y=@:M;Y=>2/?;Y@Y;Y:M d"CB* dcEB+ dE,B#2 d"+cBc d"#aB+2 d#*AB*nnnnnnnnnnnnnn /'(%(+'(F*%+&'I'&'#- r)gDNB*")DBNN.)ag*""*-CN TS< =;S9 TS4 RRS< 8=S; P=PST f-I")*N)a>)I")*N)DB-D#j)">"*ACDA*IBdBCB)NDaDI")>BCDA*IBdBCB)N O<8S8 P4S8 O<9S; P;TS9 O4P;ST OPR8ST sB*")B#d>)"NtDI#-C"BE.CB#-ND")I)Bj)> TST TST TST TST 9S: 9S: u#""#gB-/N OTST 8=S9 =S= 8=S9 Pq4=TSR Pq4;TS< ?A#"CBb*CB#-D#AD>)EC O9PS= O<<ST O=TS4 O999S= OPq9TTS8 OPq=:9S4 i)0*pA)-CD#ADd)*N)DdB*EBdBCp O=;SP O=4ST OPP4S: OPTPS9 OP88S4 OP4PSR ?A#"CBb*CB#-D#AD>)ECDA#"D)*"-O#.CD*->DAB-#"BCpD#0CB#-N OP9ST O8TS9 O44S;D OPP:S; O44S; OPP:S; CBjB>)->ND0*B> TST OTSP TST OTS8D O OTS8 K/M123QRS237R823Y=/=?Y=>2/?;Y@Y;Y:M d"ACBA d,,B, d#,aB#2 d"A#BE dAA"B#2 d#",BEnnnnnnnnnnnnnn K/M123QRS23R72;1:29:7YRe d"aBC dAB" da+BC d*Ba dCEBA #CB, e*NBD*->DI*NBD)o.Bj*d)-CND*CDCB)DE)/B--B-/D#ADCB)D0)"B#> R=S; P98S= P8TS< P9PS; P9PS9 P9PS; v+IB*-/)D>BAA)")-I)NDB-DI*NBD*->DI*NBD)o.Bj*d)-CN TS8 OPST OTS4D TS= PS; 9S4 K/M12/=e2?/M12:fgY@/Q:=;M2/;2;1:2:=e2R32;1:29:7YRe +,BC "#"B# +,BC "#"B# +,BC "+*BC h/=d':9iA !"#$ %& 'EFE*+*,EJK/J,*EJMF12J/3KQ1RJST1MK,ET,8*SJK9*:FETK,1RJ$';Y #=#> #=#? #=#> #=#? #?@#> #=#? !"#$%&'($)*+,$)-+.$+/"-�N2$&%#030#0"' 454 6758 6958 6875: 6;57 6985; !"#$%&'($)*+,$)-+.$0N3"'#0N2$&%#030#0"' 454 454 6<54 6458 6<54 6458 !"#$%&'($)*+,$)-+.$)0N&N%0N2$&%#030#0"' 454 6854 6858 6<5= 695< 6:5; =A= BCA" BCA# B"aA# B"EAc B#CAcdKEF3J,*EJMF12J/3KQ eF,B'*9fE
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Pamica Group AB | Interim Report January-September 2025 14 Consolidated statement of changes in equity, condensed !"#$%C$ DE)* +,+- +,+K +,+K /M"1O13$"45OST$8SS9O:5S8:;"$S<$S="$>=89"=<;?"9>$<@$S="$M89"1S$#<AM81T +BKKCC% +BabcCC +BabcCC d<AM9"="1>Oe"$O1#<A" !"#A%CDA#"DC()D*)"%#+ ,-./M1 ,O/MP ,4R.M/D SC()"DT#8*")()9W%;)D%9T#8)DA#"DC()D*)"%#+ ,--M1 ,<M1 ,.M-D d<AM9"="1>Oe"$O1#<A"$@<9$S="$M"9O<? fCK,CC f--CK f%b-C, g981>8#SO<1>$hOS=$S="$39<5Mi>$<h1"9> =>"">9CW?D9)C @MO ,@M. ,@MO A(>")(#B+)"CWDT#9C"%abC%#9W .MP SAAW)CD%WWb) 4M/ -.OM. -RRM/ c>*%C>BDT#9C"%abC%#9W?D>WW#T%>C)W ,@M< ,@M/ ,-MP dTeb%W%C%#9D#ADW(>")WD%9DWbaW%+%>"%)WDA"#8D9#9,T#9C"#BB%9fD%9C)")WCW?D )g%WC%9fDT#9C"#BB%9fD%9C)")WCDD ,@M- @M4 @M4 A>B)WD#ADW(>")WD%9DWbaW%+%>"%)WDC#D9#9,T#9C"#BB%9fD%9C)")WCW?D )g%WC%9fDT#9C"#BB%9fD%9C)")WCDD ,@M@ ,/MO ,/MO h%9#"%CiD#*C%#9W?DAbCb")D>Teb%W%C%#9WDA"#8D9#9,T#9C"#BB%9fD%9C)")WCWD ,O-M< ,O-M< M);>Bb>C%#9D#ADT>BBN*bCD#*C%#9WDA#"DC()D*)"%#+D ,-.MO ,PMR -.MP l">9W>TC%#9WDm%C(D9#9,T#9C"#BB%9fD%9C)")WCWD @M- ,@M/ ,4M< g<S8;$S981>8#SO<1>$hOS=$S="$39<5Mi>$>=89"=<;?"9> fMC, a+CM C%cCC d;<>O13$"45OST$8SS9O:5S8:;"$S<$S="$>=89"=<;?"9>$<@$S="$M89"1S$#<AM81T +B+M+C+ +Bac-Ca +BKKCC% /M"1O13$"45OST$O1$1<1f#<1S9<;;O13$O1S"9">S>$ CbCc C,C, C,C, !"#A%CDA#"DC()D*)"%#+ 4MP @M/ -MO SC()"DT#8*")()9W%;)D%9T#8)DA#"DC()D*)"%#+ ,@M@ ,@M.D ,@M. d<AM9"="1>Oe"$O1#<A"$@<9$S="$M"9O<? %CM ,C- CC+ n%;%+)9+WDC#D9#9,T#9C"#BB%9fD%9C)")WCWD ,@M1 ,@M1 A(>")(#B+)"CWDT#9C"%abC%#9W @M@ dTeb%W%C%#9D#ADW(>")WD%9DWbaW%+%>"%)WDA"#8D9#9,T#9C"#BB%9fD%9C)")WCW?D )g%WC%9fDT#9C"#BB%9fD%9C)")WCDD ,@M. ,@MR ,@MR A>B)WD#ADW(>")WD%9DWbaW%+%>"%)WDC#D9#9,T#9C"#BB%9fD%9C)")WCW?D )g%WC%9fDT#9C"#BB%9fD%9C)")WCDD @M@ /MO /MO h%9#"%CiD#*C%#9W?DAbCb")D>Teb%W%C%#9WDA"#8D9#9,T#9C"#BB%9fD%9C)")WCWD ,OM- ,OM- l">9W>TC%#9WDm%C(D9#9,T#9C"#BB%9fD%9C)")WCWD ,@M- @M/ 4M< d;<>O13$"45OST$O1$1<1f#<1S9<;;O13$O1S"9">S>$ +CC- CKCK CbCc g<S8;$"45OST +B%C%Cb +Bb,,CC +BK-MCC E"M$%,$
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Pamica Group AB | Interim Report January-September 2025 15 Parent Company income statement !"#$B&' !"#$B&' EB)* +I+J +I+K !"#$%&'"% ()*+ (,*- .#/"0$NO"0&#P45$P46NT" +*- +*8 / +JM1 +KM1 .#/"0$"9#"04&'$"9O"4%"% :;+*; :-;*+ <"0%N44"'$6N%#% :(;*+ :(=*) .#/"0$NO"0&#P45$"9O"4%"% :+*+ :+*=$ )2P4 $5SM5 $1SM+ !"#$%&'(#))*$"#+*$%,-,.%-(*%&/+) >N#&'$?P4&46P&'$P#"T% :(+@*8 :-;A*- T89:;<=>9??/":<&8/:;#"#@;">/;<&A? $+KBM1 $1CJM5 >&9 +*+ +*+ T89:;</:98/<a&/'&8;9E/"#E/@9A'8&a&#?;c&/;#@9A&/:98/<a&/'&8;9E $+KBM1 $1CJM5
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Pamica Group AB | Interim Report January-September 2025 16 Parent Company balance sheet !"#$ %C%'E %C%FE !""#A" *+,-K/MMN,2E344N24 5S,3,KS3TE344N24 !"#A%C%'"A%()G+%)+,#(-'+C(.'")%LG 0NOPO4R SN0PO4P 7LCL%U"9:LG+;#(.+,#(-'+C(.'")%LG <N0=>4< <N0?04O 8+23TE9S,3,KS3TE344N24 F:;C'<= F:'F;<= 8+23TE,+,-K/MMN,2E344N24 F:;C'<= F:'F;<= >/MMN,2E344N24 @CC(-)A+#LCL%U"9:LG ?40 =4= 7LCL%U"9:LG+;#(.+,#(-'+C(.'")%LG >?P4< ARR4R BACL#+#LCL%U"9:LG =40 040 !#L'"%a+Lb'L)GLG+")a+"CC#-La+%)C(.L 0?4> ?04S 8+23TEK/MMN,2EMNKNS?3@TN4 ==A<% B;;<% c"GC+")a+9")d+9":")CLG >4S P4= 8+23TEK/MMN,2E344N24 =A'<' B%C<% 8+23TE344N24 F:AC;<a ':;B;<C !"#$ %C%'E %C%FE %&'EA)*+,-*.E+/E.EAE#" #b/S2c !"#$%&'$"()"*+&$, eC"#L+C"'%A": =4> =4R -.%"#$%&'$"()"*+&$, 7LA"%)La+L"#)%)fG gR>04= g0?R4R eC"#L+'#L.%-.+#LGL#UL SN>?R4P SNROP4A !#(;%A+;(#+ACL+'L#%(a g0?>4< g<RA4S 8+23TENb/S2c %:A%A<F a:%=A<% h)A"bLa+#LGL#ULG =4? =4? 8+23TE/,23dNeEMN4NM?N4 C<F C<F *+,-K/MMN,2ETS3@STS2SN4 i()gC-##L)A+%)AL#LGAg9L"#%)f+:%"9%:%A%LG <N?SO4R <N0OS4R 8+23TE,+,-K/MMN,2ETS3@STS2SN4 ;:FaA<B ;:%Aa<B >/MMN,2ETS3@STS2SN4 c-##L)A+%)AL#LGAg9L"#%)f+:%"9%:%A%LG =4= <OS4= @CC(-)AG+'"M"9:L 04R <4R c-##L)A+A"b+:%"9%:%A%LG <4= <4P k%"9%:%A%LG+A(+,#(-'+C(.'")%LG AO>4S SA=4A BACL#+:%"9%:%A%LG S4< R=4S @CC#-La+Lb'L)GLG+")a+aL;L##La+%)C(.L 0P4P 04?g g 8+23TEK/MMN,2ETS3@STS2SN4 B%a<A 'CC<=- - 8+23TENb/S2cE3,eETS3@STS2SN4 F:AC;<a ':;B;<C "NfEaC "NfEaC
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Pamica Group AB | Interim Report January-September 2025 17 Note 1 – Key performance indicators !"#A BC #D#E #D#F #D#E #D#F #F*#E #D#F +IJK/MNI/OKA3QR !"#AB&B !"'AA&E #"BBA&! #"#)'&' )"!))&* +"*'I&* +IJK/MNI/KST89J:OK; E&A #)&* !)&B ##&) !*&B 'E&+ YTSM=>?K=IJK/MNI/KST89J:OK; A&E B&A -!&I *&) -'&) !&A @ABC/JIAKQabc@OKA3QR !+*&' !#+&A #!!&B 'B+&I #B'&B #))&B ./01234/56T89.5:;<=>?"5@ !!&' !!&' B&A B&) I&+ I&I YTSM=>?KQabc@KST89J:OK; !&A I)&# -!+&E +E&* !&' I&A QabcOKA3QR -!A*&A E*&* *&* !!+&B -'#)&! -!'*&E 6T895:;<=>?"5@ -B&! B&A A&' #&+ -+&* -'&I !IJCT=K8=KIdC>JeOK; -!I&E -)&' -!I&E -)&' -!I&E -!+&' !IJCT=K8=K?Mf>JMNKIgfN8eIAOK; I&* )&+ I&* )&+ I&* *&* QdC>JeKTMJ>8OK; #E&A +A&' #E&A +A&' #E&A #B&B hM/:KiN89KiT8gK8fITMJ>=SKM?J>j>J>I/OKA3QR !#'&* !!E&B '#I&B 'BE&* #E'&) +++&# +IJKAINJ*MABC/JIAKfT8i8TgMKQabcl@K!"#AOKm #&)I #&)+ #&)I #&)+ #&)I #&#A nM=o3Ifpq
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Pamica Group AB | Interim Report January-September 2025 18 Note 2 – Segment reporting Pamica Group monitors net sales and adjusted EBITA by segment. !"#ABCDEFGD+IJGB !""./ +MCI."B1 2D.AP1.PQ1 GRISQ1 TMSIJM1 2D.AP1 !"#ABCDEFGD+IJGB !""./ +MCI."B1 2D.AP1.PQ1 GRISQ1 TMSIJM1 2D.AP1 8."CI"AI"91.PGDMCI."B !"#ABCD"B E)*+I -IE+- .)*+. I+-./EI-+- *0*+. N)-+O .).+P 4.+../*II+0 R#S"TA89"TC#:;<A:;=8>" .+O P+I .+O 4I+I N+E *+N .+N *+N .+I -+* :;:QY =>YQ? @;:QY >Q=@A:@BQ@ C?aQ= YB>Qa @;aQ@ />Q@@AC>?Q@ ?C9:#CD:B"@AA8TBA8;A8A;AC==8C;# I+P I+* I+E I+I I+0 I+- I+* I+I I+I .+I aCAA>C#"T:CDBAC;@A=8;BC>CbD"B 4.NN+* 4E--+I 4OI+P I+. 4O*)+) 4.)O+E 4E)0+O 4)-+I I+. 4)NE+- R#S"TA"c#"T;CDA"c9";B"B 4EN+) 4-*+. 4*O+E 4.0+E 4.O)+* 4**+0 4-E+E 4**+- *+N 4.*O+P d"TB8;;"DA=8B#B 40.+* 4*.-+O 4EI+* 4N+I 4EPN+I 4O0+0 4*.0+O 4*0+I 4N+O 4E*O+. R#S"TA89"TC#:;<A"c9";B"B 4.+E 4.+- 4.+P 4I+I 4P+P 4*+0 4E+- 4)+I 4I+) 4.*+* eSCT"A8fAT"BCD#BA8fACBB8=:C#"B 4I+P I+* I+I I+I 4I+. 4I+E I+I I+I I+I 4I+E Ec!deI aBQ; @@YQ= :;Q= /C;Qa @YaQY a:Qa ?aQC :?QC /;Qa @Y@Qa g+h+AC;@A:>9C:T>";# 4.P+0A 4E-+-A 4P+.A 4I+EA 4)-+.A 4..+)A 4E0+)A 4E+)A 4I+E 4)P+-A Ec!dI :@QB Y?Q> :@QY /C;QY @@BQB :@Q? ;aQY :;Q= /;QY @@BQB i#">BACff"=#:;<A=8>9CTCb:D:#j *+EAAAAAAAA E+EAAAAAAAA .+- **+E *0+N O+O .I+- I+. 4I+I .N+P I#gABCG#1Ec!dI ::Q? =CQ: ::Qa /:Q: @aBQC :=Q; B;Qa :;Q? /;Q= @:aQ> h@kCB#"@Alminh4>CT<:; 0+O .I+* **+I ;+C+ ..+* .E+* -+O *E+N ;+C+ ..+* !"#ABCDEFGD+IJGB !""./ +MCI."B1 2D.AP1.PQ1 GRISQ1 TMSIJM1 2D.AP1 !"#ABCDEFGD+IJGB !""./ +MCI."B1 2D.AP1.PQ1 GRISQ1 TMSIJM1 2D.AP1 8."CI"AI"91.PGDMCI."B !"#ABCD"B ./*IO+O*/.0N+) PN.+0 P+.E/--I+. NNE+**/I0.+. P-0+- 4*+IE/E)*+* R#S"TA89"TC#:;<A:;=8>" -+N .P+E P+O I+. *N+N .*+) .-+O .)+. .+- PN+- @AC@;QCCAC@@Q? aYBQ; aQC:A?>YQ= Y=;QYCA@>?QY ;>aQ? />QC:Aa>>Q> ?C9:#CD:B"@AA8TBA8;A8A;AC==8C;# .+N I+0 .+I I+I E+O *+O I+O I+) I+I E+N aCAA>C#"T:CDBAC;@A=8;BC>CbD"B 4OEE+E4./IIN+0 4.--+O I+*4./-*0+O 4E0)+) 40PO+N 4.-)+N I+*4./)*N+N R#S"TA"c#"T;CDA"c9";B"B 4..-+* 4*))+I 4-)+. 4.-+- 4PNN+* 4-)+N 4*P-+. 4N-+. ..+. 4PII+- d"TB8;;"DA=8B#B 4EI.+P 4NI)+N 400+N 4*E+04./.EI+N 4*IN+I 4NIN+N 4--+) 4*-+)4./IE.+N R#S"TA89"TC#:;<A"c9";B"B 4O+- 40+N 4.*+* 4I+I 4*-+- 4)+N 4..+N 4.E+P 4I+- 4E.+) eSCT"A8fAT"BCD#BA8fACBB8=:C#"B 4.+I 4I+0 I+I I+I 4.+0 4I+) I+. I+I I+I 4I+P Ec!deI @;BQC C::Q; ?@Q? /:=Q: aa:Q: ?aQ> @?BQ@ @:?QY /@=Q@ a@@QB g+h+AC;@A:>9C:T>";# 4PP+*A 4..P+-A 4..+PA 4I+NA 4.N.+IA 4E*+)A 4..-+.A 4.I+EA 4.+I 4.O.+0A Ec!dI @@CQ> @@=QY =>Q; /:?Q> CYCQ: B@Q; Y=Q> @C?Q: /@?Q@ Ca?QY i#">BACff"=#:;<A=8>9CTCb:D:#j E+)AAAAAAAA .I+OAAAAAA E+* **+E E0+) O+0 *P+O I+0 *+O E)+I I#gABCG#1Ec!dI @@;Q; @C?Q: =:QY /@BQB :@@Q= B=Q: @>CQY @:>QC /@BQ; C=aQY h@kCB#"@Alminh4>CT<:; 0+O )+0 .N+N ;+C+ -+I -+- P+0 *O+O ;+C+ -+) !"#ABCDEFGD+IJGB !""./ +MCI."B1 2D.AP1.PQ1 GRISQ1 TMSIJM1 2D.AP1 !"#ABCDEFGD+IJGB !""./ +MCI."B1 2D.AP1.PQ1 GRISQ1 TMSIJM1 2D.AP1 8."CI"AI"91.PGDMCI."B !"#ABCD"B ./O)E+I*/-N-+* O*I+* P+E)/.))+O ./*.0+O*/NN.+N OE-+. 4.+-AP/O*N+O R#S"TA89"TC#:;<A:;=8>" .*+- *P+N E+N 4.+) E0+- .O+O *0+I .P+* I+* OI+I @ABB;Q=CA?>CQ? BC:Q? CQ=;A@?;Qa @AC:BQ:CA=>>QY B;CQ: /@QBaAB=YQB ?C9:#CD:B"@AA8TBA8;A8A;AC==8C;# *+O .+E *+0 I+I O+- E+) I+0 *+P I+I O+- aCAA>C#"T:CDBAC;@A=8;BC>CbD"B 4-OE+N4./E.-+0 4*P.+0 I+E4*/P*P+E 4O*)+04./*)N+O 4*E0+I I+*4*/.**+E R#S"TA"c#"T;CDA"c9";B"B 4.O)+- 4EP*+E 4.IN+O 4.)+) 4OE.+* 4.EE+E 4EE)+P 4.II+O .P+P 4))P+- d"TB8;;"DA=8B#B 4P.)+) 40NE+O 4.EO+E 4EI+04./))O+P 4E*.+* 40N)+O 4.*)+* 4E)+)4./P)N+P R#S"TA89"TC#:;<A"c9";B"B 4.I+) 4.*+N 4O+. I+- 4*-+O 40+P 4.P+N 4N+E 4I+I 4E.+E eSCT"A8fAT"BCD#BA8fACBB8=:C#"B 4.+E 4I+0 I+I I+I 4*+E 4I+- I+I I+I I+I 4I+N Ec!deI C@@Qa C;;QY @:;Q> /aCQB ;;?Q; @a?QC C@=Qa @=CQ= /CCQ; ;CYQ? g+h+AC;@A:>9C:T>";# 4NP+O 4.))+N 4.)+* 4I+0 4*PO+PA 4O*+0A 4.)0+IA 4.P+.A 4.+* 4*EN+EA Ec!dI @:BQ= @>>Q> @@?Q= /a:Q; :@:Q@ =BQ: ;?Q: @B=QB /C:QY C?>QB i#">BACff"=#:;<A=8>9CTCb:D:#j E+0 E0+* P+* **+) O0+N N+E )E+* .+0 *+- O)+* I#gABCG#1Ec!dI @a>QY @:?QC @CaQ> /C@Q> :=CQ? ?:QB @@CQB @Y>QB /C>Q? :;;Q= h@kCB#"@Alminh4>CT<:; -+) P+- *I+I ;+C+ N+P N+N P+. *O+N ;+C+ N+N K: C>Ca C>C; C>Ca ij NM"/FGP C>Ca CalC; m@Cn C>C;
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Pamica Group AB | Interim Report January-September 2025 19 Note 3 – Discontinued operations During the first quarter of 2024, the Board of Pamica Group decided to discontinue the operations of the Safe Solutions sub-group. In accordance with IFRS 5, Safe Solutions is recognized as discontinued operations in the consolidated financial statements until further notice. All other operations are continuing operations. Comments and figures are related to continuing operations, unless otherwise stated. Comparative figures have been restated. The following tables present the assets held for sale, liabilities attributable to assets held for sale, the statement of profit or loss from discontinued operations and the condensed statement of cash flows from discontinued operations. !" #ABCDEF*+I+EDEA+JFKL*BCA+LAMEKFC1E2I+LCA*JFPQ5S T8T9 T8T: T8T9 T8T: T8T:!!!!!!!!!!!!!! "#A%CD(#C F*F +*I F*- ./*F ..*0 NAO#P%4R#PDAST8%ST94:# F*F F*I .;*< .*. .*. F ;Y=9 ;9=; ;T=> =DRSAD(SC#>%?4P@%4T%4?T%D994ATA F*F F*F F*F F*F F*F BD?%:DA#PSD(C%DT>%94TCA:DC(#C F*F aI*+ aF*0 a.+*< a.0*. NAO#P%#bA#PTD(%#bR#TC#C F*F aI*- aI*. a.+*c a.I*; d#PC4TT#(%94CAC F*F a.*+ a.*. a-*F a-*; NAO#P%4R#PDAST8%#bR#TC#C F*F F*F aF*. F*F F*F eODP#%4f%P#CA(AC%4f%DCC49SDA#C% F*F F*F F*F F*F F*F 5?#@AB 8=8 C9=a ;:=: C;Y=8 CTa=> g#RP#9SDAS4ThD:4PASiDAS4T%DT>%S:RDSP:#TA F*F +*0 F*F F*F F*F 5?#@B 8=8 Cb=8 ;:=: C;Y=8 CTa=> ddMaP#(DA#>%>#RP#9SDAS4ThD:4PASiDAS4T%DT>%S:RDSP:#TA F*F F*F F*F F*F F*F k:RDSP:#TA%4f%844>?S(( F*F F*F F*F a.cI*< a.cI*< 5?#@ ;:=: C;aT=c C;>;=: "#A%fSTDT9SD(%SA#:C F*F aF*/ aF*c a.*+ a.*- d2CeL+FfEeC2EF+IJ 8=8 Cb=9 ;b=Y C;ab=Y C;>b=: lDb F*F F*F aF*+ F*F aF*/ d2CeL+FeC2F+hEF1E2LCK 8=8 Cb=9 ;b=a C;ab=Y C;>b=a iCD12EhEA*LMEFLABCDEFeC2F+hEF1E2LCK 8=8 Cb=9 ;b=a C;ab=Y C;>b=a AEBFb; Q+I+EDEA+FCeFeLAIABLINF1C*L+LCAJFKL*BCA+LAMEKFC1E2I+LCA*JFPQ5S T8T9 T8T: T8T: B**E+*FhENKFeC2F*INE kTADT8SDC(#%DCC#AC F*F <*+ <*+ dP4R#PAmn%R(DTA%DT>%#oASR:#TA F*F F*< F*< BS8OAa4faAC#%DCC#AC F*F ;*. 0*F pSTDT9SD(%DCC#AC F*F F*+ F*I =APP#TA%DCC#AC F*F <*/ c*- @C+INFI**E+*FhENKFeC2F*INE 8=8 T;=9 T8=; lLIfLNL+LE*FI++2LfM+IfNEF+CFI**E+*FhENKFeC2F*INE "4Ta9APP#TA%(SDCS(SAS#C F*F <*c +*0 =APP#TA%(SDCS(SAS#C F*F I0*- /+*I @C+INFNLIfLNL+LE*FI++2LfM+IfNEF+CFI**E+*FhENKFeC2F*INE 8=8 ::=: 9:=T !" Q+I+EDEA+FCeFAE+FBI*hFeNCm*JFKL*BCA+LAMEKFC1E2I+LCA*JFPQ5S T8T9 T8T: T8T9 T8T: T8T: "#A%9DCO%f(4?%fP4:%4R#PDAST8%D9ASqSAS#C F*F ac*. a+*. a.c*/ a+.*; "#A%9DCO%f(4?%fP4:%STq#CAST8%D9ASqSAS#C F*F F*F aI*F aF*. aF*. "#A%9DCO%f(4?%fP4:%fSTDT9ST8%D9ASqSAS#C F*F a.*F a.*. aI*0 a/*; @C+INFAE+FBI*hFeNCm 8=8 Cc=; Cc=T C;Y=T CTc=> nIACQE1 QE1Fb8F nIACQE1 ob ob
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Pamica Group AB | Interim Report January-September 2025 20 Definition of performance measures The below are definitions of performance measures not been defined in accordance with IFRS (alternative performance measures). Guidelines on alternative performance measures for companies with securities listed on a regulated market in the EU have been issued by the European Securities and Markets Authority (ESMA). Alternative performance measures track historical or future financial performance, financial position or cash flows, but exclude or include amounts that would not be adjusted in the same way in the most comparable measure defined under IFRS. Management uses alternative performance measures to monitor the underlying performance of the Group’s operations and believes that the alternative performance measures, together with the measures defined in accordance with IFRS, help investors to understand the Group’s performance between periods and facilitates comparison with similar companies but are not necessarily comparable with measures with similar names used by other companies. The company believes that the alternative performance measures provide useful and supplementary information for investors. Performance measures Definition Explanation Organic net sales growth Growth in net sales adjusted for the net effects of acquisitions, divestments and transactional currency fluctuations. Acquisitions and divestments are included 12 months after they are consolidated. Indicates the net sales of the operations for the period compared with the preceding period, excluding acquired growth, divestments and currency effects. Items affecting comparability Items affecting comparability are larger items that affect comparability in that they do not recur with the same regularity as other items. Acquisition-related costs are included in items affecting comparability. In order to present the comparability and highlight the performance of the underlying operations between the periods, various profit and margin measures are presented excluding items affecting comparability. EBITDA Operating profit/loss before depreciation and impairment of property, plant and equipment and intangible assets. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. Adjusted EBITDA Operating profit before depreciation and impairment of property, plant and equipment and intangible assets, adjusted for items affecting comparability. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. EBITDA margin EBITDA as a percentage of net sales. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. Adjusted EBITDA margin Adjusted EBITDA as a percentage of net sales Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. EBITA Operating profit before impairment of goodwill as well as amortization and impairment of acquired surpluses. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. Adjusted EBITA Adjusted operating profit before impairment of goodwill as well as amortization and impairment of acquired surpluses. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. EBITA margin EBITA as a percentage of net sales. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. Adjusted EBITA margin Adjusted EBITA as a percentage of net sales. Shows the earnings capacity of the company regardless of its capital structure and tax situation and is intended to be compared with other companies in the same industry. Operating profit (EBIT) Operating profit after amortization/depreciation and impairment of property, plant and equipment and intangible assets. Enables comparisons of profitability regardless of capital structure or tax situation. EBIT margin Operating profit (EBIT) as a percentage of net sales. Enables comparisons of profitability regardless of capital structure or tax situation. Organic EBITA growth Adjusted EBITA in comparable units. The effects of acquisitions, divestments and exchange rate changes are excluded. Shows the organic earnings capacity of the operating activities and is intended to be compared with other companies in the same industry.
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Pamica Group AB | Interim Report January-September 2025 21 Performance measures Definition Explanation Return on equity Profit for the period attributable to Parent Company’s owners divided by average equity per quarter attributable to the Parent Company’s owners. Return on equity measures, from an owner’s perspective, the return generated on the owners’ invested capital. Capital employed Total Equity and Net Debt reported as annual average per quarter. Capital employed shows how much capital is used in the operations and is thus one component of measuring the return on the operations. Return on capital employed Adjusted EBITA as a percentage of capital employed. The components are calculated on the annual average per quarter. Return on capital employed shows the Group’s profitability in relation to externally financed capital and equity. Net debt Non-current and current interest-bearing liabilities, non-current and current leasing liabilities, non-current and current earn-outs as well as non-current and current minority options less cash and cash equivalents. Net debt is used to monitor the trend in liabilities, analyze the Group’s indebtedness and the Group’s ability to repay its liabilities using cash and cash equivalents. Net debt/adjusted EBITDA R12M Net debt in relation to adjusted proforma EBITDA for the last 12 months. Adjusted proforma EBITDA for the last 12 months includes subsidiaries within the company group on the balance date. Net debt in relation to adjusted EBITDA for the last 12 months provides a measure for net debt in relation to cash-generating earnings in the operations and thus provides an indication of the ability of the operations to pay its liabilities. The measure is used by financial institutions to measure creditworthiness. Equity ratio Total equity as a percentage of total assets. Equity ratio is used to analyze financial risk, and shows the share of the assets that is financed by equity. R12M Refers to the last 12 months. Enables comparisons with calendar years in interim reports.
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Pamica Group AB | Interim Report January-September 2025 22 Reconciliation tables !"#A BC #D#E #D#F #D#E #D#F #F*#E #D#F +IJ./MNO/3QOR.S3ROJIT8Q9 !"#ABCD"BEA)*"+"I-./A)"*-MI NE2PP4R 66T48 9E9T242 2ETNN4: 8E8NT4T 9ET;84R !"#ABCD"BEA+<**".#A)"*-MI NE9P646 NE2PP4R 9E66P4N 9E9T242 TENTT4: 8E:2;4: !"#ABCD"BA/*M=#>EA?A R4P 9T4: NT46 994T N:46 2R48 M@A=>-+>AC+A<-*"IA/*M=#>EA?A 64N 2;4: N;48 2;4P NR49 264P T:O89MN9OTIJ./MNOJIT8Q9;OYO D=> ?=D @"=A B=E @#=E "=D A CabcOd.IJM/ !"#ABCD"B NE9P646 NE2PP4R 9E66P4N 9E9T242 TENTT4: 8E:2;4: BCab cNP:4P R:4: :4: NN846 c29T4N cN2:4R CabcOd.IJM/;OY @?=" ?=D D=# e=F @F=B @#=A fghiRQ3gOCabcjfO BCabA NP:4PcAAAAA R:4:AAAAAAA :4:AAAAAAAAA NN846AAAAA c29T4N cN2:4R defAC.IA-g)C-*g".#EA-.+D4A-g)C-*g".#AM@A/MMI=-DDA 26P4:AAAAA ;846AAAAAAA 89:4:AAAAA 2R:46AAAAA ;R84:AAAAA :T846AAAAA CabcjfO "AF=BOOOOO "A"=FOOOOO FFe=#OOOOO F""=BOOOOO EE>=EOOOOO E#A=>OOOOO a#"gBAC@@"+#-./A+Mg)C*Ch-D-#i 2R4;AAAAAAA N;48AAAAAAA 9R4TAAAAAAA 9T4PAAAAAAA :R4;AAAAAAA :T42AAAAAAA fghiRQ3gOCabcjfO #DF=eOOOOO "??=?OOOOO F?#=?OOOOO FFB=BOOOOO B#>=#OOOOO E>e="OOOOO fghiRQ3gOCabcfO./gO.ghiRQ3gOCabcfOd.IJM/ BCab NP:4PcAAAAA R:4:AAAAAAA :4:AAAAAAAAA NN846AAAAA c29T4N cN2:4R defAC.IA-g)C-*g".#EAC+A<-*"IAB<*)D<BAC.IA/MMI=-DD 2224TAAAAA 2P4PAAAAAAA 2:T4:AAAAA N984RAAAAA T8642AAAAA 8N;48AAAAA Cabcf ""B=EOOOOO ""B=BOOOOO #A#=#OOOOO #F>=AOOOOO e"e="OOOOO #>D=BOOOOO a#"gBAC@@"+#-./A+Mg)C*Ch-D-#i 2R4;AAAAAAA N;48AAAAAAA 9R4TAAAAAAA 9T4PAAAAAAA :R4;AAAAAAA :T42AAAAAAA fghiRQ3gOCabcf "FB=#OOOOO "eF=DOOOOO e""=?OOOOO #?F=AOOOOO e?#=?OOOOO eEE=?OOOOO !"#ABCD"B NE9P646 NE2PP4R 9E66P4N 9E9T242 TENTT4: 8E:2;4: fghiRQ3gOCabcfOd.IJM/;OYO ""=# ""=# ?=D ?=E A=F A=A +IJ./MNOCabcfOJIT8Q9 BCabf NN:4TAAAAA NN:4:AAAAA 2;242AAAAA 28R4;AAAAA 9N94NAAAAA 2RP4:AAAAA a#"gBAC@@"+#-./A+Mg)C*Ch-D-#i 2R4;AAAAAAA N;48AAAAAAA 9R4TAAAAAAA 9T4PAAAAAAA :R4;AAAAAAA :T42AAAAAAA fghiRQ3gOCabcf "FB=#OOOOO "eF=DOOOOO e""=?OOOOO #?F=AOOOOO e?#=?OOOOO eEE=?OOOOO bM#CDAC+A<-*"IjI-N"B#"IABCabf NP46 294P :R48 884; NN:4P ;N4; lMg)C*C#-N"A@-/<*"BA=-#>A)*"N-M<BAi"C* N9T49 NNN4P 28248 28P4P 2::46 2684N +IJ./MNOCabcfOJIT8Q9;OY "=D AE=e @"F=> F>=B "=# A=D !3QiI/OT/O3NiMQl;OM/NS=OgMRNT/QM/i3gOTm3I.QMT/R m*M@-#A@M*A#>"A)"*-MIAC##*-h<#ChD"A#MA)C*".#A+Mg)C.iAB>C*">MDI"*BEAnN2o c8T24T cN9P48 c8T24T cN9P48 c8T24T c9;246 BA<-#iAC##*-h<#ChD"A#MA)C*".#A+Mg)C.iAB>C*">MDI"*BEAC..<CDACN"*C/"A)"*A A<C*#"* 2ET2:4;AA 2ET9N4:AA 2ET2:4;AA 2ET9N4:AA 2ET2:4;AA 2E:294:AA !3QiI/OT/O3NiMQl;OY @"A=> @E=# @"A=> @E=# @"A=> @"F=# !3QiI/OT/ON.mMQ.SO3dmSTl3gOn!+oCp;OM/NS=OgMRNT/QM/i3gOTm3I.QMT/R fghiRQ3gOCabcfOM/O!"#A eB>=FOOOOO #BF=BOOOOO eB>=FOOOOO #BF=BOOOOO eB>=FOOOOO e#?=BOOOOO bM#CDA"A<-#i 2E9N94;AA 2E;PP4NAA 2E9N94;AA 2E;PP4NAA 2E9N94;AA 2E8TR4NAA CNiMQl;O.q3I.J3OS.RQO:Mq3ONi.IQ3IR #;F?D=#OO #;BFE="OO #;F?D=#OO #;BFE="OO #;F?D=#OO #;BeB=eOO !"#AI"h# 2E2TP4PAA 2E8:P4N 2E2TP4PAA 2E8:P4N 2E2TP4PAA 2E9PR46 r3QOg3sQ;O.q3I.J3OS.RQO:Mq3ONi.IQ3IR #;eE"=EOO #;#>D=BOO #;eE"=EOO #;#>D=BOO #;eE"=EOO #;eEE=" o.mMQ.SO3dmSTl3g;O.//i.SO.q3I.J3Om3IONi.IQ3I F;?e"=AOO F;>eE=AOO F;?e"=AOO F;>eE=AOO F;?e"=AOO F;>>"=FOO !3QiI/OT/ON.mMQ.SO3dmSTl3gOn!+oCp;OY A=BOOOOOOOOO E=FOOOOOOOOO A=BOOOOOOOOO E=FOOOOOOOOO A=BOOOOOOOOO B=BOOOOOOOOO CNiMQlOI.QMT bM#CDA"A<-#i 2E9N94; 2E;PP4N 2E9N94; 2E;PP4N 2E9N94; 2E8TR4N bM#CDA#M#CDACBB"#B TER924: :E;294; TER924: :E;294; TER924: :E99R4N CNiMQlOI.QMT;OY e>=D FD=# e>=D FD=# e>=D e?=? r3QOg3sQ*.ghiRQ3gOmIT:TId.OCabcjfO!"#A !M.c+<**".#AC.IA+<**".#A-.#"*"B#ch"C*-./AD-Ch-D-#-"B NE:;846 NE6N;4T NE:;846 NE6N;4T NE:;846 NE;894: !M.c+<**".#AC.IA+<**".#AD"CB"AD-Ch-D-#-"B 8R:4N TRT4; 8R:4N TRT4; 8R:4N T824R !M.c+<**".#AC.IA+<**".#A"C*.cM<#AD-Ch-D-#-"B N4R NT4R N4R NT4R N4R 8:4T !M.c+<**".#AC.IA+<**".#Ag-.M*-#iAM)#-M.AD-Ch-D-#-"B N9N46 N824P N9N46 N824P N9N46 NNR49 lCB>AC.IA+CB>A"A<-NCD".#B cT84: cNNR4R cT84: cNNR4R cT84: cN8646 r3QOg3sQ #;#ED=D #;FE"=# #;#ED=D #;FE"=# #;#ED=D #;eDe=E fIp<B#"IA)*M@M*gCABCabdfEAnN2o :2R46 :R949 :2R46 :R949 :2R46 :R;4R r3QOg3sQ*.ghiRQ3gOmIT:TId.OCabcjfO!"#A;Ot e=EA e=EF e=EA e=EF e=EA e=eD u./@v3mwe
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Pamica Group acquires and develops small and medium-sized companies together with successful entrepreneurs, making them successful in the long term and thus adding value and prosperity. The Group has a long-term ownership horizon with high ambitions for growth – through organic growth and add-on acquisitions and by acquiring new platform companies. Webcast in connection with publication of interim report On November 3 at 10.00 a.m. CET, CEO Jan-Olof Svensson and CFO Louise Ankarcrona will hold a presentation for Pamica Group’s owners and other stakeholders and answer questions. If you want to participate through the webcast, use the following link. It will be possible to submit written questions during the webcast. https://pamica.events.inderes.com/q3-report-2025/register If you want to ask questions verbally via the teleconference, register using this link. https://events.inderes.com/pamica/q3-report-2025/dial-in Financial calendar Year-end report January-December Q4 2025 2026-02-20 Publication of Annual Report 2025 2026-04-29 Interim report January–March Q1 2026 2026-05-19 Annual General Meeting 2026 2026-05-26 Interim report January–June Q2 2026 2026-08-27 Contact information Jan-Olof Svensson, CEO, +46 733 730 080, janolof.svensson@pamica.se Louise Ankarcrona, CFO, +46 703 094 852, louise.ankarcrona@pamica.se Johan Hähnel, IR, +46 706 056 334, johan.hahnel@pamica.se Pamica Group AB Kronobränneriet 302 42 Halmstad Sverige www.pamica.se Corp. Reg. No. 559374-3643Interim report January–September Q3 2026 2026-11-10 About Pamica This information is information that Pamica Group 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 2025-11-03 07:00 CET.