Interim report
Page 1
Plejd AB (publ) Third Quarter of 2026 Interim Report
Page 2
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 2 Interim Report Third Quarter │ July–Sep 2026 • Net sales amounted to TSEK 282,824 (215,349), which is an increase of 31.3% compared to the same period last year. • The gross margin amounted to 56.0% (52.6). • Operating profit before depreciation (EBITDA) amounted to TSEK 99,961 (68,005), which corresponds to an operating margin before depreciation of 35.3% (31.6). • Operating profit (EBIT) amounted to TSEK 72,131 (45,075), which corresponds to an operating margin of 25.5% (20.9). • Earnings per share before dilution amounted to SEK 4.98 (3.15). Nine Months │ Jan–Sep 2026 • Net sales amounted to TSEK 865,324 (646,435), which is an increase of 33.9% compared to the same period last year. • The gross margin amounted to 55.6% (52.1). • Operating profit before depreciation (EBITDA) amounted to TSEK 320,902 (213,714), which corresponds to an operating margin before depreciation of 37.1% (33.1). • Operating profit (EBIT) amounted to TSEK 240,703 (149,558), which corresponds to an operating margin of 27.8% (23.1). • Earnings per share before dilution amounted to SEK 16.74 (10.50). Financial overview Amounts in TSEK Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Net sales 282,824 274,625 307,876 288,333 215,349 210,703 220,383 203,991 Gross margin, % 56.0 54.9 55.8 54.5 52.6 52.0 51.6 55.1 Operating profit before depreciation (EBITDA) 99,961 88,660 132,282 104,121 68,005 68,570 77,140 71,155 Operating profit (EBIT) 72,131 61,806 106,767 80,169 45,075 47,384 57,100 54,039 Operating margin, % 25.5 22.5 34.7 27.8 20.9 22.5 25.9 26.5 Profit after tax 56,385 48,033 83,906 62,891 35,244 37,117 44,991 42,749 Earnings per share before and after dilution, SEK 4.98/4.98 4.24/4.24 7.51/7.45 5.63/5.58 3.15/3.13 3.32/3.30 4.02/4.02 3.82/3.82 Equity/assets ratio, % 70.1 71.9 70.2 69.0 72.6 74.2 74.0 74.0 Cash and cash equivalents 200,041 235,863 146,312 92,303 95,315 78,464 62,290 43,825 For definitions of key figures, see the table on page 16. (Comparative figures in parentheses refer to the corresponding period in the previous year.)
Page 3
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 3 Net sales per quarter TSEK Rolling 12-month net sales TSEK 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Value growth in installations % Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Global 26.0 27.5 34.1 45.5 44.4 46.7 44.1 36.0 Sweden 19.3 21.1 20.8 29.4 29.3 31.6 29.8 29.7 Norway 30.7 33.5 51.2 70.7 64.6 67.0 64.1 39.0 Finland 38.1 35.1 29.7 50.9 36.6 39.3 37.5 42.6 The Netherlands 56.3 58.4 76.5 87.2 85.1 103.0 86.4 89.1 The figures show the value growth in installations compared to the same quarter of the previous year, which is the best measure of the company’s underlying organic growth, as it excludes variations in inventory held by wholesalers and electricians. An installation is defined as an installed unit multiplied by the price. Net sales Operating profit/EBIT TSEK TSEK 0 20,000 40,000 60,000 80,000 100,000 120,000 Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 EBIT per quarter Rolling 12-month EBIT
Page 4
Babak Esfahani CEO of Plejd AB PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 4 Comments from the CEO The third quarter was a very successful quarter, with revenue growth of just over 31% and an increase in operating profit of 60%. This is fully in line with our communicated strategy of strong organic growth combined with increased profitability. During the quarter, we increased the production rate of the LED panel LPN-01, which was launched during the first half of the year. We can now meet demand and are pleased with the initial reception. As expected, sales cycles are longer, as the product is often planned into projects scheduled further into the future. We therefore expect a more gradual market establishment of LPN-01, which is a purely commercial product, compared with the rest of our portfolio, which is primarily aimed at residential environments. We have also communicated that we will launch the tracklight TRL-01 together with the commercial motion sensor CMS-01 at the beginning of next year. These are two products that we believe will strengthen our commercial offering, with TRL-01 also expected to become a new high-volume product for us. Together with previously launched products within the platform for commercial use, these products create a strong foundation for our continued establishment in the commercial market. We see significant potential here and expect to begin a new growth journey. 2026 is coming to an end, and from 2027, the company will enter a new chapter, where our international expansion in Europe will become an increasingly important driver of continued growth. The expansion will be supported by several exciting product launches, which we will share more about at a later stage. I would like to thank the entire team for a well-executed quarter.
Page 5
5PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 About the company Plejd is a leading Nordic supplier of smart lighting and other smart products. By focusing on the user experience, Plejd makes smart solutions easy and available to everyone. Market development The global market for smart products has during the past years undergone significant growth, and forecasts indicate that this trend will continue for several years ahead. The market growth is affected by a combination of factors, where connected technology plays a central role. Other driving factors are cost savings and installation flexibility through the use of wireless technology instead of traditional cable pulling. With simple scheduling and presence control, energy savings are achieved, which is not only cost-effective but also beneficial for the environment. The increasing use of mobile technology reinforces the trend further, as smartphones enable simple and efficient configuration and control of smart systems. At the same time, the acceptance is increasing for the use of mobile applications for this purpose. Plejd, which is an actor within the professional market for connected smart products, focuses on fixed installations that are performed by authorized electricians in both private and commercial environments. The products are sold via electrical wholesalers to electricians, who then install them at end customers. Even though the products create value for all parties, Plejd’s focus is clearly on the electrician. Plejd develops all products and services in-house, which provides full control from idea to finished product and ensures highest quality and best user experience.
Page 6
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 6 Events during the quarter Plejd presents the Tracklight TRL-01 and the LED strips LST-02 and LST-03 at Elmässan in Kista. Significant risks and uncertainties Plejd’s operations and results are impacted by a series of external and internal factors. The company management works continuously to identify risks and to assess how each respective risk should be managed. The risks can be categorized into financial risks, market-related, and operation-related risks. For a more detailed description of these risks, see Plejd’s annual report 2025. Transactions with related parties There were no such transactions during the period. Number of shares At the end of the period, number of shares amounted to 11,331,304 (11,178,720). Liquidity and financing Liquidity at the end of the period was (TSEK) Cash and cash equivalents 200,041 Total available liquidity 200,041 Financial and other information Number of employees at the end of the period Plejd AB Plejd AS Plejd OY Plejd BV Plejd GmbH Plejd SL T otal, Group Number of employees Q3 2026 253 16 4 6 4 1 284 Number of employees Q3 2025 211 15 3 5 4 - 238 Personnel and organization At the end of the period, number of employees amounted to 284. In addition to this, the company engages external consultants for specific projects and temporary staff for its own production.
Page 7
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 7 Financial position and performance│Group Revenues, costs and profit Third Quarter │ July-Sep Net sales amounts to TSEK 282,824 (215,349), which represents growth of 31.3% compared with the same period in the previous year. The increase in net sales is due to growth in both installations and inventory build-up at wholesalers, driven by continued high demand for the company’s products. Net foreign exchange for the period amounts to TSEK -294 (777). Capitalized work for own account amounts to TSEK 26,575 (23,276), which is an increase compared with the same period in the previous year. The increase mainly relates to continued capitalization linked to the development of new products. The level reflects the company’s ambition to constantly develop and improve new and existing products. The gross margin amounts to 56.0% (52.6). The gross margin is higher than in the same period in the previous year. The increased gross margin is partly due to increased in-house production, while the initially lower gross margin previously seen on several products has developed as the products have reached a more mature phase. Operating profit amounted to TSEK 72,131 (45,075). The increase is primarily attributable to higher net sales, where the improved gross margin, combined with efforts to optimise the cost base, has created clear operating leverage. The operating margin therefore strengthened compared with the corresponding period last year. Nine Months │ Jan–Sep Net sales amounts to TSEK 865,324 (646,435), which represents growth of 33.9% compared with the same period in the previous year. The increase in net sales is due to growth in both installations and inventory build-up at wholesalers, driven by continued high demand for the company’s products. Other operating income amounts to TSEK 21,409 (8,418) for the period as a result of foreign exchange gains. Net foreign exchange for the period amounts to TSEK 5,815 (3,269). Capitalized work for own account amounts to TSEK 86,465 (76,371), which is an increase compared with the same period in the previous year. The increase mainly relates to continued capitalization linked to the development of new products. The level reflects the company’s ambition to constantly develop and improve new and existing products. The gross margin amounts to 55.6% (52.1). The gross margin is higher than in the same period in the previous year. The increased gross margin is partly due to increased in-house production, while the initially lower gross margin previously seen on several products has developed as the products have reached a more mature phase. Operating profit amounted to TSEK 240,703 (149,558). The increase was primarily driven by higher revenue, where the improved gross margin, combined with continued efforts to optimize the cost base, created a clear operating leverage effect. As a result, the operating margin strengthened compared with the corresponding period last year.
Page 8
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 8 Cash flow, investments and available liquidity Third Quarter │ July-Sep Cash flow from operating activities before changes in working capital increases significantly to TSEK 93,184 (63,302), representing an increase of 47.2% compared with the same period in the previous year. The increase was primarily driven by strong revenue growth. Changes in working capital amounts to TSEK -84,977 (-9,691), and cash flow from operating activities amounts TSEK 8,207 (53,612) during the quarter, an increase of 84.7 %. The decrease is primarily attributable to increased inventory levels in relation to both higher in-house production and higher net sales, as well as a seasonal increase in trade receivables. During the quarter, investments affecting cash flow amounts to TSEK -39,058 (-29,075). These investments primarily consisted of capitalized development time related to new products and increased by 34.3% compared with the same period in the previous year. The focus remains on the continuous development and improvement of both products and software. Cash flow from financing activities amounts to TSEK -8,853 (-7,274). The amount relating to leasing is higher than in the previous year as a result of investments in lease-financed machinery in order to increase own production. Nine Months │ Jan–Sep Cash flow from operating activities before changes in working capital increases significantly to TSEK 290,012 (197,185), representing an increase of 47.1% compared with the same period in the previous year. The increase was primarily driven by strong revenue growth and a strong operating profit. Changes in working capital amounts to TSEK -106,008 (-37,539), and cash flow from operating activities amounts TSEK 184,004 (159,646) during the period, representing an increase of 15,3%. The increase is primarily attributable to higher growth in net sales and operating profit. During the period, investments affecting cash flow amounts to TSEK -110,444 (-86,024). These investments primarily consisted of capitalized development time related to new products and increased by 28.4% compared with the same period in the previous year. The increase during the period was partly attributable to development activities ahead of the launch of LPN-01, while the ambition to continuously develop and improve both products and software remains unchanged. Cash flow from financing activities amounts to TSEK 28,195 (-20,626), which primarily consists of proceeds from the exercise of warrants under the warrant program that expired during the second quarter. In addition, the item relates to repayments of lease liabilities associated with leased assets. The amount relating to lease liabilities is higher than in the previous year due to investments in leased machinery to increase in-house production capacity. Cash and cash equivalents at the end of the period amounted to TSEK 200,041 (95,315).
Page 9
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 9 Income Statement │ Group Amounts in TSEK Note July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Net sales 3 282,824 215,349 865,324 646,435 934,767 Capitalized work on own account 26,575 23,276 86,465 76,371 105,406 Change in inventories of finished goods and work in process 16,081 8,094 43,108 22,747 33,144 Other operating revenues 5,615 2,251 21,409 8,418 9,716 T otal income 331,095 248,970 1,016,306 753,970 1,083,034 Raw materials and consumables -124,423 -102,173 -384,344 -309,898 -441,183 Operating expenses -38,387 -24,389 -118,876 -76,936 -113,465 Personnel expenses -62,415 -52,929 -176,590 -148,274 -199,965 Depreciation -27,830 -22,930 -80,199 -64,156 -88,108 Other operating expenses -5,909 -1,474 -15,594 -5,149 -10,586 T otal operating expenses -258,964 -203,895 -775,603 -604,412 -853,307 Operating profit 72,131 45,075 240,703 149,558 229,727 Interest income 199 4 718 23 59 Interest expenses -910 -452 -2,903 -1,225 -1,874 Net financial items -711 -448 -2,184 -1,202 -1,815 Profit before tax 71,420 44,627 238,518 148,357 227,912 Income tax -15,034 -9,383 -50,194 -31,005 -47,669 Profit for the period 56,385 35,244 188,324 117,352 180,243 Attributable to the parent company’s shareholders 56,385 35,244 188,324 117,352 180,243 Other comprehensive income Items that may be reclassified to profit/loss for the period Exchange differences in translation of foreign operations 4,074 7 6,993 -765 -1,808 Other comprehensive income for the period 4,074 7 6,993 -765 -1,808 T otal comprehensive income for the period 60,459 35,251 195,318 116,587 178,435 The profit/loss and the total comprehensive income for the period are entirely attributable to the Parent Company’s shareholders. Earnings per share, calculated on earnings for the period attributable to the Parent Company’s shareholders: Amounts in SEK Note July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Earnings per share before dilution 4 4.98 3.15 16.74 10.50 16.12 Earnings per share after dilution 4 4.98 3.13 16.74 10.44 16.02
Page 10
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 10 Balance Sheet │ Group Amounts in TSEK Note 30 Sep 2026 30 Sep 2025 31 Dec 2025 Fixed assets Intangible assets 365,182 307,872 323,642 Tangible assets 59,516 40,696 42,998 Financial assets 1,817 1,287 1,806 Deferred tax asset 3,276 1,462 1,560 Right of use assets 104,083 49,291 97,289 T otal fixed assets 533,875 400,608 467,295 Current assets Inventory 349,297 215,642 237,184 Accounts receivable 291,697 191,599 242,395 Other current receivables 1,969 609 844 Prepaid expenses and accrued income 18,589 13,490 14,756 Cash and cash equivalents 200,041 95,315 92,303 T otal current equivalents 861,592 516,656 587,483 T otal assets 1,395,467 917,264 1,054,778 Equity Equity 977,619 665,842 727,691 T otal equity attributable to Parent Company shareholders 977,619 665,842 727,691 Non-current liabilities Lease liability 64,167 26,497 60,525 T otal non-current liabilities 64,167 26,497 60,525 Current liabilities Lease liability 35,722 18,318 32,161 Accounts payable 130,050 99,352 113,122 Current tax liabilities 63,748 28,930 40,555 Other current liabilities 50,866 29,603 26,401 Accrued expenses and deferred income 73,295 48,721 54,324 T otal current liabilities 353,681 224,925 266,562 T otal equity and liabilities 1,395,467 917,264 1,054,778
Page 11
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 11 Changes in Equity│ Group Amounts in TSEK Share capital Other contributed capital Reserves Retained earnings incl. profit for the year T otal equity Opening balance at 1 Jan 2025 1,677 297,067 -762 251,283 549,264 Profit for the period - - - 180,243 180,243 Other comprehensive income for the period - - -1,808 - -1,808 T otal comprehensive income for the period 0 0 -1,808 180,243 178,435 Repurchase of share warrants - -8 - - -8 T otal transactions with shareholders 0 -8 0 0 -8 Closing balance at 31 Dec 2025 1,677 297,059 -2,571 431,527 727,691 Opening balance at 1 Jan 2026 1,677 297,059 -2,571 431,527 727,691 Profit for the period - - - 188,324 188,324 Other comprehensive income for the period - - 6,993 - 6,993 T otal comprehensive income for the period 0 0 6,993 188,324 195,318 Warrants 23 54,588 - - 54,611 T otal transactions with shareholders 23 54,588 0 0 54,611 Closing balance at 30 Sep 2026 1,700 351,647 4,422 619,851 977,619 Equity attributable to Parent Company’s shareholders
Page 12
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 12 Cash Flow Statement │ Group Amounts in TSEK Note July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Cash flow from operating activities Operating profit 72,131 45,075 240,703 149,558 229,727 Depreciation 27,830 22,930 80,199 64,156 88,108 Tax paid/received -6,065 -4,255 -28,705 -15,328 -20,466 Interest paid/received -711 -448 -2,184 -1,202 -1,815 Cash flow from operating activities before changes in working capital 93,184 63,302 290,012 197,185 295,554 Cash flow from changes in working capital Increase(-)/decrease (+) in inventories -60,925 -29,166 -112,113 -50,711 -72,253 Increase(-)/decrease (+) in accounts receivable -80,415 -10,758 -49,302 -18,370 -69,165 Increase(-)/decrease (+) in other current receivables 7,946 -2,668 -4,957 -3,374 -4,875 Increase(+)/decrease (-) in accounts payable 5,137 14,984 16,928 21,425 35,194 Increase(+)/decrease (-) in other current liabilities 43,279 17,917 43,436 13,490 15,891 T otal changes in working capital -84,977 -9,691 -106,008 -37,539 -95 208 Cash flow from operating activities 8,207 53,612 184,004 159,646 200,345 Cash flow from investing activities Investments in intangible assets -26,187 -22,949 -82,517 -72,659 -101,022 Investments in tangible assets -12,871 -6,126 -27,927 -13,532 -19,153 Changes in financial assets 0 0 - 168 -353 Cash flow from investing activities -39,058 -29,075 -110,444 -86,024 -120,529 Cash flow from financing activity Amortization of leasing liabilities -8,853 -7,274 -26,415 -20,618 -28,496 Warrants 0 0 54,611 -8 -8 Cash flow from financing activities -8,853 -7,274 28,195 -20,626 -28,503 Decrease/increase in cash and cash equivalents Cash flow for the period -39,705 17,262 101,755 52,996 51,313 Cash and cash equivalents at start of period 235,863 78,464 92,303 43,825 43,825 Exchange differences in cash and cash equivalents 3,883 -411 5,983 -1,506 -2,835 Cash and cash equivalents at end of period 200,041 95,315 200,041 95,315 92,303
Page 13
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 13 Income Statement │ Parent Company Amounts in TSEK Note July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Net sales 265,235 204,974 801,375 625,119 898,950 Capitalized work on own behalf 26,575 23,276 86,465 76,371 105,406 Change in inventories of finished goods and work in progress 16,081 8,094 43,108 22,747 33,144 Other operating income 3,207 2,193 11,055 8,214 9,426 T otal income 311,097 238,537 942,002 732,451 1,046,926 Raw materials and consumables -128,679 -102,928 -389,990 -315,814 -448,580 Operating expenses -44,968 -32,648 -138,390 -97,804 -141,359 Personnel expenses -53,223 -45,332 -152,264 -128,632 -172,817 Depreciation -18,359 -15,440 -52,479 -43,023 -58,920 Other operating expenses -6,114 -2,005 -15,249 -5,632 -8,206 T otal operating expenses -251,343 -198,353 -748,373 -590,906 -829,883 Operating profit 59,755 40,185 193,629 141,545 217,043 Profit from financial items Interest income 2 4 11 22 59 Interest income -5 - -176 -3 -5 Net financial items -3 4 -166 19 54 Profit before tax 59,751 40,188 193,464 141,564 217,097 Income tax -12,354 -8,395 -40,036 -29,492 -45,131 Profit for the period 47,397 31,793 153,427 112,072 171,966 The Parent Company has no items recognized as other comprehensive income, which is why total comprehensive income for the period is the same as profit/loss for the period.
Page 14
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 14 Balance Sheet │ Parent Company Amounts in TSEK Note 30 Sep 2026 30 Sep 2025 31 Dec 2025 Fixed assets Intangible assets 347,617 290,307 306,077 Tangible assets 59,108 40,588 42,858 Financial assets 5,172 4,618 5,172 T otal fixed assets 411,898 335,513 354,107 Current assets Inventory 330,603 205,904 226,598 Accounts receivable 142,574 122,291 149,899 Receivables from group companies 98,462 80,933 119,043 Other current receivables 1,338 45 555 Prepaid expenses and accrued income 23,882 18,975 20,597 Cash and cash equivalents 140,731 37,261 15,315 T otal current assets 737,591 465,408 532,006 T otal assets 1,149,489 800,921 886,114 Equity Restricted equity 303,997 247,225 303,974 Unrestricted equity 586,567 375,406 378,552 T otal equity 890,564 622,632 682,526 Current liabilities Accounts payable 128,123 98,228 111,679 Liabilities to group companies 5,554 5,750 6,508 Current tax liabilities 51,207 25,728 37,221 Other current liabilities 15,991 9,772 6,818 Accrued expenses and deferred income 58,050 38,811 41,362 T otal current liabilities 258,925 178,289 203,588 T otal equity and liabilities 1,149,489 800,921 886,114
Page 15
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 15 Notes Note 1│General information Plejd AB (publ) (“Plejd”), corporate ID no. 556790-9477 is a Parent Company registered in Sweden with its registered office in Mölndal. Unless otherwise stated, all amounts are reported in thousands of Swedish kronor (SEK ’000s). Information in parentheses refers to the comparative year. Note 2│Summary of key accounting principles The most significant accounting principles applied in preparing these consolidated financial statements are set out below. These principles have been applied consistently for all periods presented unless otherwise indicated. Plejd’s consolidated financial statements were prepared in accordance with the Swedish Annual Accounts Act, recommendation RFR 1 Supplementary Accounting Rules for Groups from the Swedish Financial Reporting Board, IFRS Accounting Standards and the interpretations of the IFRS Interpretations Committee (IFRS IC) as adopted by the EU. The consolidated financial statements were prepared using the cost method. The interim report was prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. Preparing reports in accordance with IFRS requires the use of some important estimates for accounting purposes. In addition, management must make certain assessments in the application of the Group’s accounting principles. The Parent Company applies RFR 2 Accounting for Legal Entities and the Swedish Annual Accounts Act. The application of RFR 2 means that the Parent Company, in the interim report for the legal entity, applies all IFRS and statements adopted by the EU to the furthest extent possible within the framework of the Swedish Annual Accounts Act, the Pension Obligations Vesting Act and taking into account the relationship between accounting and taxation. Note 3│Net sales Revenues from external customers July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Sold products during the period 282,824 215,349 865,324 646,435 934,767 T otal 282,824 215,349 865,324 646,435 934,767 Revenues from external customers by country, based on customer location: July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 Sweden 132,063 116,353 408,619 333,961 486,932 Norway 124,327 77,586 362,770 244,878 353,549 Finland 6,441 5,814 24,161 18,941 27,292 The Netherlands 10,482 8,067 41,070 25,115 35,147 Germany 2,449 1,621 6,809 5,295 7,522 Spain 431 0 1,646 0 0 Other countries 6,631 5,909 20,249 18,245 24,325 T otal 282,824 215,349 865,324 646,435 934,767
Page 16
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 16 Note 4│Earnings per share July–Sep 2026 July–Sep 2025 Jan–Sep 2026 Jan–Sep 2025 Jan–Dec 2025 SEK Earnings per share before dilution 4.98 3.15 16.74 10.50 16.12 Earnings per share after dilution 4.98 3.13 16.74 10.44 16.02 Earnings measurements used in the calculation of earnings per share Profit attributable to Parent Company shareholders used in the calculation of earnings per share before and after dilution 56,385 35,244 188,324 117,352 180,243 Profit attributable to Parent Company shareholders 56,385 35,244 188,324 117,352 180,243 No. of Weighted average number of ordinary shares used in calculating earnings per share before dilution 11,331,304 11,178,720 11,250,820 11,178,720 11,178,720 Warrants Adjustments for calculation of earnings per share after dilution regarding warrants - 88,982 - 66,525 71,695 Weighted average number of ordinary shares and potential ordinary shares used as the denominator in the calculation of earnings per share after dilution 11,331,304 11,267,702 11,250,820 11,245,245 11,250,415 Note 5│Events after the end of the interim period No events significant to the company have occurred after the end of the reporting period as of 30 September 2026. Note 6│Key financial indicators In addition to the key financial indicators prepared in accordance with IFRS, Plejd presents key financial indicators not defined according to IFRS, such as Gross margin and EBITDA. These alternative performance measures are considered to be important results and performance measures for investors and other users of the interim report. The alternative performance measures shall be seen as a complement to, but not a replacement for, the financial information prepared in accordance with IFRS. Plejds definitions of these measurements that are not defined according to IFRS are described in this note. Financial indicators Definition Objective Operating profit (EBIT) Profit/loss before tax excluding net financial items Monitoring the earnings trend in the Group EBITDA Operating profit/loss excluding amortization, depreciation and impairment Monitoring the earnings trend in the Group Gross margin Gross margin = gross profit/sales Monitoring sales in relation to direct costs for products Equity/assets ratio Equity at the end of period in relation to total assets at the end of period Monitoring the Group’s long-term payment capacity Cash and cash equivalents Cash and bank assets and overdraft Monitoring the Group’s short-term payment capacity Number of employees Number of employees during the period. This item includes part-time employees Monitoring the Group’s growth in number of employees
Page 17
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 17 Upcoming report dates • Year-end report 2026 (28 January 2027). • Interim report first quarter 2027 (8 April 2027). Mölndal, 16 October 2026 Chairperson of the Board Board member Board member Martin GrenHalldora von Koenigsegg Ylwa Karlgren Erik Calissendorff Nico Jonkers Board memberBoard member Babak Esfahani CEO Plejd AB (publ) Krokslätts Fabriker 27A 431 37 Mölndal Sweden Phone | +46 (0)10 207 89 01 info@plejd.com plejd.com
Page 18
PLEJD AB | INTERIM REPORT FOR THE THIRD QUARTER OF 2026 18 Introduction We have conducted a limited review of the condensed interim financial information (interim report) for Plejd AB as of September 30, 2026, and the nine-month period ending on that date. The board of directors and the managing director are responsible for preparing and presenting this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our limited review. The focus and scope of the limited review We have conducted our limited review in accordance with the International Standard on Review Engagements ISRE 2410, ”Review of Interim Financial Information Performed by the Independent Auditor of the Entity.” A limited review consists of making inquiries, primarily of persons responsible for financial and accounting matters, performing analytical procedures, and other review procedures. A limited review has a different focus and a significantly smaller scope compared to the focus and scope of an audit conducted in accordance with ISA and generally accepted auditing standards. The review procedures taken in a limited review do not enable us to obtain the assurance that we would become aware of all significant matters that might have been identified in an audit. Therefore, the conclusion expressed based on a limited review does not have the assurance that a conclusion expressed based on an audit has. Conclusion Based on our limited review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in accordance with the Annual Accounts Act. To the Board of directors in Plejd AB, corporate identity number 556790-9477 Gothenburg, date as of our digital signature Öhrlings PricewaterhouseCoopers AB Auditor in charge Johan Malmqvist Authorized Public Accountant Christoffer Bengtsson Authorized Public Accountant Auditor’s report This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.