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Interim report January–September 2026 Q3

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 2 The quarter in brief July-September 2026 • Revenues for Leases amounted to MSEK 1,488 (1,089), an increase of 37 percent • Revenues for Own Operations amounted to MSEK 941 (883), an increase of 7 percent • Net operating income for Leases amounted to MSEK 1,354 (972), an increase of 39 percent • Net operating income for Own Operations amounted to MSEK 265 (285), a decrease of -7 percent • EBITDA amounted to MSEK 1,561 (1,202), an increase of 30 percent • Cash earnings amounted to MSEK 806 (617), equivalent to SEK 4.14 (3.17) per share, an increase of 31 percent. Adjusted for preparatory financial costs of MSEK -37 in the comparable quarter, cash earnings increased by 23 percent • Changes in property values amounted to MSEK -226 (21). Changes in value of derivatives amounted to MSEK 695 (41) • Profit for the period amounted to MSEK 1,021 (637). Profit for the period attributable to the shareholders of the parent company amounted to MSEK 1,027 (633), equivalent to SEK 5.28 (3.25) per share • Agreements have been signed for the divestment of seven hotel properties in two transactions in Denmark and Sweden, at a total underlying property value equivalent to approximately MSEK 2,100, which is above book value, with completion expected in the fourth quarter of 2026 • During the third quarter, Pandox established new operating models for the nine hotel properties in Germany previously leased to Revo Hospitality Group, which filed for bankruptcy earlier in 2026. Six hotels with 1,243 rooms have been transferred to the Own Operations business segment, while three hotels with 616 rooms continue to operate within the Leases business segment under the administration of the insolvency administrator, pending the finalisation of negotiations with a new tenant Financial summary Oct 2025- Sep 2026 Full-year MSEK 2026 2025 Δ% 2026 2025 Δ% R 12m 2025 Total revenue 2,429 1,972 23 6,299 5,393 17 8, 375 7,469 - Of which Leases 1,488 1,089 37 3,908 2,950 3 2 5,056 4,098 - Of which Own Operations 941 883 7 2,391 2,443 - 2 3,319 3,371 Total net operating income 1,619 1,257 29 4,112 3,246 2 7 5,416 4,550 - Of which Leases 1,354 972 39 3,488 2,588 35 4 ,479 3,579 - Of which Own Operations 265 285 -7 624 658 - 5 937 971 EBITDA 1,561 1,202 30 3,950 3,087 2 8 4,949 4,086 Profit for the period 1,021 637 60 1,880 1,468 2 8 3,586 3,174 Earnings per share, SEK 5.28 3.25 62 9.71 7.45 3 0 18.39 16.13 Cash earnings 806 617 31 1,817 1,503 21 2 ,220 1,906 Cash earnings per share, SEK 4.14 3.17 31 9.34 7.72 2 1 11.41 9.80 Market value properties - - - 96,883 75,962 2 8 96,883 91,743 Investments 539 235 129 1,346 792 70 1, 641 1,087 Net interest-bearing debt - - - 50,580 38,139 33 50 ,580 48,342 Loan to value net, % - - - 52.2 50.2 n. a 52.2 52.7 Net interest-bearing debt/EBITDA, times - - - 10.2 9.3 n. a 10.2 11.8 Average interest rate, end of period, % - - - 4.08 3.89 n. a 4.08 3.94 Interest cover ratio, times 2.9 2.8 n.a 2.5 2.7 n. a 2,4 2.6 EPRA NRV per share, SEK - - - 242.22 210.18 15 2 42.22 227.01 Jul-Sep Jan-Sep Key figures, Q3 2026 NET OPERATING INCOME +29% CASH EARNINGS PER SHARE +31% LOAN TO VALUE, NET 52.2% INTEREST COVER RATIO, R12M 2.4X January-September 2026 • Revenue for Leases amounted to MSEK 3,908 (2,950) • Revenue from Own Operations amounted to MSEK 2,391 (2,443) • Net operating income for Leases amounted to MSEK 3,488 (2,588) • Net operating income from Own Operations amounted to MSEK 624 (658). • EBITDA amounted to MSEK 3,950 (3,087) • Cash earnings amounted to MSEK 1,817 (1,503), corresponding to SEK 9.34 (7.72) per share. Adjusted for preparatory financial costs of MSEK -37 in the comparable period, cash earnings increased by 18 percent • Changes in property values amounted to MSEK 77 (547) and changes in the value of derivatives amounted to MSEK 655 (-316) • Profit for the period amounted to MSEK 1,880 (1,468) and profit for the period attributable to parent company shareholders amounted to MSEK 1,889 (1,449), corresponding to SEK 9.71 (7.45) per share • The loan-to-value ratio was 52.2 percent and the interest cover ratio, rolling twelve months, was 2.4x

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 3 CEO comment • Strong performance for Leases • Divestments in Sweden and Denmark • Positive hotel market, tough comps Hotel market growth continued in a turbulent world in the third quarter. For Pandox, total revenue and net operating income increased by 23 and 29 percent respectively, driven by strong development in the Leases business segment. For comparable portfolios in fixed currency, revenue and net operating income increased by 4 percent each for the Group as a whole. Cash earnings per share increased by 23 percent in the third quarter, adjusted for preparatory financial expenses in the comparable quarter. The increase was 19 percent, measured on a rolling 12-month basis. EPRA NRV per share increased at the same time by 17 percent, measured on an annualised basis. The Leases business segment saw accelerated like-for-like growth and the Dalata properties continued to develop well. The positive demand trend in the Nordics continued, with particularly strong growth in Sweden. Rental income and net operating income increased by 37 and 39 percent respectively. For comparable portfolios in fixed currency, rental income and net operating income increased by 7 and 8 percent respectively. Revenue increased in the Own Operations business segment, while net operating income decreased, mainly explained by weaker development in London and Brussels as well as certain one-time costs. For comparable portfolios in fixed currency, revenue increased by 1 percent while net operating income decreased by 6 percent. Takeover of operations in Germany During the quarter Pandox established new operating solutions for nine hotel properties in Germany after the tenant, Revo Hospitality Group, declared bankruptcy earlier in 2026. In line with Pandox’s active ownership model, six hotels were transferred to the Own Operations business segment, with a focus on developing the hotels’ market positions and profitability. The takeover is being undertaken with the intention of entering into new lease agreements with new tenants. The remaining three hotels will continue to be operated within the Leases segment through the official receiver until final negotiations with a new potential tenant are concluded. The change had a positive impact on revenue in the Own Operations business segment in the amount of MSEK 96, while revenue in the Leases business segment decreased by MSEK –37 for the quarter. While waiting for re-leasing, the market values of all of the properties continue to be reported under Leases. Dalata continues to perform well The Dalata properties developed well during the quarter with rental income amounting to MSEK 357 and good profitability. For the first nine months of the year rental income from Dalata amounted to MSEK 880. Based on the assumption of equivalent leases being in place during the comparison period as well, revenue growth for the Dalata portfolio in the third quarter is estimated at 4 percent in the UK and 1 percent in Ireland. For the first nine months, growth is estimated at 3 percent in the UK and 1 percent in Ireland. Development is well in line with our expectations and confirms once again the quality of the acquired portfolio. The process of dividing up Dalata’s operations into a property ownership side and a hotel operations side is progressing according to plan and the anticipated divestment of the operating hotel platform to Scandic is expected to be concluded in the fourth quarter of 2026. We will thereafter refinance our current credit facilities for the Dalata acquisition, replacing them with secured property loans at an indicated, considerably lower credit margin. Divestment agreements in the Nordics We have entered into agreements to sell seven hotel properties with a total of 1,248 rooms in Denmark and Sweden in two separate transactions. The combined underlying property value amounts to around MSEK 2,100 before deferred tax is deducted. The divestments of the hotel properties are at price levels higher than book values, which have been unchanged the past 12 months, and reflect a growing interest in hotel properties. In addition, the divestments increase the quality of the portfolio and reduce our debt. The properties’ total net operating income amounted approximately MSEK 130 annually. At the end of the third quarter our loan-to-value ratio was 52.2 percent, compared with 52.4 percent at the end of the second quarter of 2026. Adjusted for the expected divestment, our loan-to-value ratio amounted to 51.2 percent. Outlook Despite turbulence around the world, the economy has proved to be resilient and the hotel market strong. The general outlook for the hotel market remains positive. Increased inflation pressure and rising interest rates are increasing our financing costs. This is offset by a business model in which our revenue- based leases provide us with direct exposure to revenue generated by the hotels, which normally also increases in line with inflation and economic activity. Furthermore, the effect of rising interest rates is mitigated by the interest-rate derivatives we have in place. We also see good opportunities to refinance a significant portion of our debt portfolio at lower credit margins than those in our current credit agreements. We are also expecting a gradual positive impact on earnings in 2027 from major renovations, including Scandic Grand Marina in Helsinki, Clayton Cardiff Lane in Dublin and Clayton St Andrew Square in Edinburgh, and towards the end of 2027 also DoubleTree by Hilton Brussels City. In the fourth quarter, we face a strong comparative quarter for underlying cash earnings, adjusted for non-recurring costs of MSEK 263 related to the acquisition of Dalata. As we recognised income from Dalata during more than half of the fourth quarter of 2025, its contribution to growth will be lower in the fourth quarter of this year. In addition, our interest expenses are significantly higher. “Despite turbulence around the world, the economy has proved to be resilient and the hotel market strong.” Liia Nõu CEO

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 4 Group results analysis July-September 2026 Revenues The Group’s total revenues amounted to MSEK 2,429 (1,972), an increase of 23 percent. The increase was mainly driven by the acquired Dalata properties and a strong hotel market in the Nordics, particularly in Sweden. The takeover of operations at six hotel properties in Germany at the beginning of the quarter had a positive impact. Previously completed divestments of two hotel properties in Own Operations had a negative impact. For comparable units in fixed currency, total revenue increased by 4 percent. Net operating income Total net operating income amounted to MSEK 1,619 (1,257), an increase of 29 percent supported by high profitability in the Dalata properties and profitable growth in Sweden. For comparable units in fixed currency, total net operating income increased by 4 percent. Administration costs Central administration costs amounted to MSEK -61 (-59). Depreciation Depreciation within Own Operations amounted to MSEK -79 (-83), of which MSEK -78 (-82) in business segment Own Operations. Net financial items Net financial items amounted to MSEK -635 (-469) mainly explained by higher loan volumes following the acquisition of Dalata, the expiry of certain favourable interest rate derivatives and higher base interest rates. This was partly offset by lower credit margins. The average interest rate at the end of the period increased to 4.08 (3.94) percent, primarily driven by higher base interest rates, with the impact partly mitigated by generally lower credit margins. Tax Current tax amounted to MSEK -126 (-111). Deferred tax amounted to MSEK -167 (39) and is mainly explained by fair value adjustments to properties and changes in the value of interest rate derivatives. See also Note 6 on page 23. Cash earnings Cash earnings amounted to MSEK 806 (617) corresponding to SEK 4.14 (3.17) per share, an increase of 31 percent. Changes in value Changes in property values amounted to MSEK -226 (21), explained by changes in value Investment Properties of MSEK -226 (85). Changes in value of derivatives amounted to MSEK 695 (41). Profit for the period Profit for the period amounted to MSEK 1,021 (637). Profit for the period attributable to the shareholders of the parent company amounted to MSEK 1,027 (633), equivalent to SEK 5.28 (3.25) per share. Oct 2025- Sep 2026 Full-year MSEK 2026 2025 Δ% LF L%* 2026 2025 Δ% LFL%* R12m 2025 Revenue Leases 1,488 1,089 37 7 3,908 2, 950 32 5 5,056 4,098 Revenue Own Operations 941 883 7 1 2,391 2, 443 -2 1 3,319 3,371 Total revenue 2,429 1,972 23 4 6,299 5,393 17 3 8,375 7,469 Net operating income Leases 1,354 972 39 8 3,488 2 ,588 35 5 4,479 3,579 Net operating income Own Operations 265 285 -7 -6 624 65 8 -5 -2 937 971 Total net operating income 1,619 1,257 29 4 4,112 3,246 27 4 5,416 4,550 Central administration costs -61 -59 3 -171 -169 1 - 238 -236 Transaction costs - - - - - - - 241 -241 Depreciation -79 -83 -5 -236 -244 - 3 -322 -330 Net financial items -635 -469 35 -1,835 -1,293 4 2 -2,318 -1,776 Unrealised changes in value properties -226 85 n.a -9 608 n. a -17 600 Current tax -126 -111 14 -308 -269 1 4 -382 -343 Cash earnings 806 617 31 1,817 1,503 21 2 ,220 1,906 Cash earnings per share 4.14 3.17 31 9.34 7.72 2 1 11.41 9.80 Jul-Sep Jan-Sep MARKET VALUE AND NET OPERATING INCOME Per segment, % CASH EARNINGS, MSEK* *Preparatory financial costs of MSEK -37 are included in Q3 2025 and MSEK -22 are included in Q4 2025 which relate to the period before the acquisition of Dalata was completed (7 November 2025). *Transaction costs of MSEK -241 are included in Q4 2025, which relate to the period after the acquisition of Dalata. Figures in brackets are from the corresponding period the previous year for profit/loss items and year-end 2025 for balance sheet items, unless otherwise stated. 84% 16% 84% 16% Leases Own Operations Market value Net operating income 541 299 587 617 403 334 677 806 37 263 654 666 0 100 200 300 400 500 600 700 800 900 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 *Like for like. For comparable units in fixed currency. For leases, based on net operating income before property administration.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 5 Segment Leases July-September 2026 • Good performance in the lease portfolio • Strong growth in Sweden • Dalata performs well Revenues Rental income and Other property income amounted to MSEK 1,488 (1,089), an increase of 37 percent, supported by the acquisition of Dalata, and a strong development in comparable portfolio in the Nordics, particulary in Sweden. The growth in the UK and Germany was stable. Dalata performed well and contributed MSEK 357 in rental income with good profitability and higher RevPAR than comparable portfolio. For comparable units in fixed currency, revenue increased by 7 percent and RevPAR increased by 6 percent for the overall lease portfolio. For comparable hotels the occupancy rate amounted to approximately 77 (75) percent and average daily rate increased by 4 percent. At the beginning of the quarter, six of the nine hotels in Germany previously leased to Revo Hospitality Group were transferred to the Own Operations business segment, resulting in a MSEK -37 decrease in rental income compared with the corresponding period the previous year. Costs Costs, including property administration, amounted to MSEK -134 (-117), of which MSEK -11 are non-recurring costs related to Revo Hospitality Group. Net operating income Net operating income amounted to MSEK 1,354 (972), an increase of 39 percent, mainly explained by the Dalata acquisition and strong development in Sweden. For comparable units in fixed currency, net operating income increased by 8 percent. The net operating margin was 91 (89) percent which is explained by the higher net operating income margin in the Dalata properties and profitable growth in the underlying portfolio. Important events At the beginning of the quarter, six of the nine hotel properties previously leased to Revo Hospitality Group, which filed for bankruptcy earlier in 2026, were transferred to the Own Operations business segment. The remaining three hotel properties currently continue to operate in the Leases business segment under the administration of the insolvency administrator, pending the finalisation of negotiations with a new tenant. Full-year MSEK 2026 2025 Δ% 2026 2025 Δ% 2025 Rental income 1,447 1,050 38 3,789 2,828 34 3,935 Other property income 41 39 5 119 122 -2 163 Costs, excl. property admin -80 -72 11 -247 -222 11 -305 Net operating income, before property admin 1,408 1,017 38 3,661 2,728 34 3,793 Property administration -54 -45 20 -173 -140 24 -214 Gross profit 1,354 972 39 3,488 2,588 35 3,579 Net operating income, after property admin 1,354 972 39 3,488 2,588 35 3,579 Net operating income margin, % 91% 89% n.a 89% 88% n.a 87% Revenues comparable units 1,028 958 7 2,824 2,694 5 Of which currency effect 8 -33 Net operating income comparable units, before property admin 961 892 8 2,616 2,486 5 Of which currency effect 8 -31 Jul-Sep Jan-Sep REVENUE AND NOI, MSEK Per quarter REVENUE AND NOI, MSEK R12m REVENUE PER COUNTRY, Q3 REVPAR, SEK Leases are the core of our business. The agreements are turnover-based with long terms, a good guaranteed minimum level, shared risk and stable earnings. Guaranteed rents, i.e. contracted minimum rents plus fixed rents, amounted to approximately MSEK 3,100 the last twelve months. 1,089 1,488 972 1,354 0 200 400 600 800 1,000 1,200 1,400 1,600 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Revenue Net operating income 3,892 5,056 3,389 4,479 0 1,000 2,000 3,000 4,000 5,000 6,000 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Revenue Net operating income Sweden, 22% UK, 21% Ireland, 21% Germany, 13% Norway, 7% Denmark, 6% Finland, 5% Belgium, 2% Others, 4% 959 1,124 0 200 400 600 800 1,000 1,200 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 6 Segment Own Operations July-September 2026 • Regional hotels performed the strongest • Takeover of operations of six hotels Germany • Largely stable underlying profitability Revenues Revenues from Own Operations amounted to MSEK 941 (883), an increase of 7 percent. At the beginning of the quarter, Pandox took over the operations of six hotels in Germany previously leased to Revo Hospitality Group, contributing MSEK 96 to revenue. The comparative quarter included revenue of MSEK 43 from two hotels that were divested earlier in 2026. For comparable units in fixed currency, revenues increased by 1 percent while RevPAR was unchanged. The occupancy rate for comparable hotels amounted to approximately 76 (77) percent while average daily rates increased by 1 percent. In Germany, RevPAR increased by 6 percent, driven by both higher occupancy and higher average room rates. In the UK, RevPAR remained unchanged, with hotels in Regional UK outperforming those in London. In Brussels, RevPAR decreased by -4 percent, primarily due to lower occupancy. Costs Costs amounted to MSEK -754 (-680). The increase is mainly due to the takeover of operations of six hotels. Net operating income (EBITDA) Net operating income (EBITDA) amounted to MSEK 265 (285), equivalent to a margin of 28 (32) percent. The decrease is primarily attributable to the lower margins, compared with the portfolio average, at the six recently taken-over hotels in Germany, where we see good potential for improvement through the development of both the hotel products and operations. Adjusted for non-recurring costs, including the termination of two management agreements that will generate savings over time, the net operating income margin in the comparable portfolio was approximately some percentage point lower than in the previous year. For comparable units in fixed currency, net operating income decreased by -6 percent. Important events At the beginning of the quarter, six of the nine hotel properties previously leased to Revo Hospitality Group, which filed for bankruptcy earlier in 2026, were transferred to the Own Operations business segment. The takeover was undertaken with the intention of entering into new lease agreements with new tenants. Full-year MSEK 2026 2025 Δ% 2026 2025 Δ% 2025 Revenues 941 883 7 2,391 2,443 -2 3,371 Costs -754 -680 11 -2,001 -2,027 -1 -2,728 Gross profit 187 203 -8 390 416 -6 643 Plus depreciation included in costs 78 82 -5 234 242 -3 328 Net operating income/EBITDA 265 285 -7 624 658 -5 971 Net operating income/EBITDA margin 28% 32% n.a 26% 27% n.a 29% Revenues comparable units 845 839 1 2,283 2,251 1 Of which currency effect 1 -60 Net operating income comparable units, before property admin 256 273 -6 622 635 -2 Of which currency effect -2 -17 Jul-Sep Jan-Sep REVENUE AND NOI, MSEK Per quarter REVENUE AND NOI, MSEK R12m REVENUE PER COUNTRY, Q3 REVPAR, SEK Own Operations are hotel operations we run in properties we own ourselves. It is an important part of our active ownership model. It gives us valuable opportunities to acquire and reposition hotel properties with the aim of creating value through new leases or realising value through divestment. 883 941 285 265 0 200 400 600 800 1,000 1,200 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Revenue Net operating income 3,397 3,319 927 937 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Revenue Net operating income UK, 41% Germany, 31% Belgium, 22% Denmark, 4% Netherlands, 2% 1,278 1,209 0 200 400 600 800 1,000 1,200 1,400 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 7 Hotel market development July-September 2026 The European hotel market developed in a positive direction in the third quarter, with good demand and a strong summer season. RevPAR was mainly driven by higher average room rates, while occupancy was stable. Development was particularly strong in multiple markets in Northern Europe and remained positive in Southern Europe. Intra-European travel was still the most important driver of demand. Despite continuing geopolitical uncertainty, demand for travel was strong. Among Pandox’s core markets, development in Sweden was the strongest during the quarter, driven by a very strong event calendar and generally good underlying demand. Development was stable in Ireland which faced strong comparison figures from an active and event-driven summer in 2025. The UK saw positive development, with sustained good demand in regional markets and supported by multiple major events during the summer. In Germany development was positive overall, supported by a strong trade fair calendar even though outcomes varied between markets as a consequence of the cyclical trade fair calendar. As for other markets, Finland saw good development, with a clear recovery in Helsinki driven by increased occupancy. Denmark and Norway also saw growth thanks to higher average room rates, particularly in the capital cities. Development in Brussels was slower due to fewer major conferences and events than in the comparison period and increased VAT and tourist taxes on hotel rooms. Entering into the concluding quarter of the year, the European hotel markets are expected to have continued support from good underlying demand. Despite continuing geopolitical and macroeconomic uncertainty, travel has shown resilience. All in all the market outlook is considered to be stable with continued support from increased average room rates, albeit with variations between individual markets and destinations. REVPAR ANALYSIS Y/Y (YTD 2026) The chart shows RevPAR development for a selection of countries, regions and cities compared to the same period last year, based on market data from Benchmarking Alliance (Nordic markets) and STR (other markets). ADR/average price is shown on the vertical axis and OCC/occupancy on the horizontal axis, and the circles correspond to the market value of Pandox’s hotel properties. The centre of the chart (origo) corresponds to the ADR/average price and OCC/occupancy rate for the corresponding period of the previous year. The percentage figure indicates the RevPAR change compared to the corresponding previous year. Reference: For additional data on hotel market developments, please see the Excel appendix Financial Data at www.pandox.se Germany 2% Sweden 8% Finland 2% Denmark 8% Norway 2% UK 3% Ireland 3% Belgium -1% Austria 2% Switzerland 1% Europe 6% USA 6% -5% -3% -1% 1% 3% 5% 7% -3% -1% 1% 3% ADR OCC Note that Pandox’s hotel property portfolio differs from the market portfolio in terms of its composition, including geographic exposure, locations and segment mix. In addition, the structure of the lease agreements may give rise to differences in Pandox’s growth compared with market growth, for example when a hotel property is generating only the guaranteed minimum rent, or when rent is increased stepwise.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 8 Important events during and after the period 15 July 2026 Pandox AB (publ) interim report January–June 2026 12 August 2026 Pandox signs new lease agreement with Strawberry for hotel property in Bodø 8 September 2026 Pandox Aktiebolag (publ) nomination committee for the AGM 2027 22 October 2026 Pandox divests seven hotel properties in Denmark and Sweden at a total underlying property value equivalent to approximately MSEK 2,100 Group results analysis January-September 2026 Net sales The Group’s net sales amounted to MSEK 6,299 (5,393), an increase of 17 percent supported by acquisitions and organic growth in Leases. For comparable units in fixed currency, net sales increased by 3 percent. Revenue from Leases amounted to MSEK 3,908 (2,950), an increase of 32 percent. For comparable units in fixed currency, revenues increased by 5 percent. Revenue from Own Operations amounted to MSEK 2,391 (2,443), a decrease of -2 percent. For comparable units in fixed currency, revenues increased by 1 percent. Result Net operating income Leases amounted to MSEK 3,488 (2,588), an increase of 35 percent. For comparable units in fixed currency, net operating income increased by 5 percent. Net operating income from Own Operations amounted to MSEK 624 (658), a decrease of -5 percent. For comparable units in fixed currency, net operating income decreased by -2 percent. Total net operating income amounted to MSEK 4,112 (3,246), an increase of 27 percent. For comparable units in fixed currency, total net operating income increased by 4 percent. Current tax amounted to MSEK -308 (-269). Deferred tax amounted to MSEK -416 (-36), explained by changes in the value of Investment Properties. See also note 6 on page 23. Cash earnings amounted to MSEK 1,817 (1,503). Cash earnings per share amounted to SEK 9.34 (7.72), an increase of 21 percent. Adjusted for preparatory financial costs of MSEK -37 in the comparable period, cash earnings increased by 18 percent. Net changes in the value of properties amounted to MSEK 77 (547), of which unrealised changes in value amounted to MSEK -9. Changes in yield requirements had a positive impact of MSEK 176. Changes in cash flows had a negative contribution of MSEK -185. Realised changes in value amounted to MSEK 87 (-61). Changes in the value of derivatives amounted to MSEK 655 (-316). Profit for the period amounted to MSEK 1,880 (1,468) and profit for the period attributable to parent company shareholders amounted to MSEK 1,889 (1,449), corresponding to SEK 9.71 (7.45) per share.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 9 Property valuation Market value properties At the end of the period, Pandox’s property portfolio had a total market value of MSEK 96,883 (91,743), of which Investment Properties accounted for MSEK 81,710 (77,170) and Operating Properties for MSEK 15,173 (14,573). Impact from changes in currencies had a positive effect of MSEK 4,362 in the period. Over the past twelve months, external valuations were performed for 92 percent of the property value and are in total in line with the internal valuations. External valuations were performed in the third quarter for around 40 percent of Pandox’s property value. In the period unrealised changes in value of Investment Properties amounted to MSEK -9 (608), where changes in valuation yields had a positive effect of MSEK 176 and changes in cash flows had a negative impact of MSEK -185. Realised changes in value of Operating Properties amounted to MSEK 87 (-) and relates to the divestments of Crowne Plaza Antwerp in Belgium and Hotel Korpilampi in Finland, on 2 February and 30 April respectively. In the period unrealised changes in the value of Operating Properties amounted to MSEK -333 (-324) (reported for disclosure purposes only). Value changes properties (period) Acquisitions, divestments, and reclassifications MSEK Investment properties Operating properties ¹ Total market value Market value beginning of the period 1 January 77,170 14,573 91,743 Acquisitions - 6 6 Divestments - -232 -232 Investments 997 349 1,346 Unrealised changes in value -9 -333 -342 Change in currency exchange rates 3,552 810 4,362 Market value end of period 30 Sep 81,710 15,173 96,883 Influencing factors Yield 176 - 176 Cash flow -185 -333 -518 Sum reported unrealised changes in value -9 -9 Sum realised reported changes in value - 87 87 Average valuation yield % Q3 2026 6.32 6.78 6.39 Average valuation yield % Q2 2026 6.29 6.78 6.36 Average valuation yield % Q1 2025 6.29 6.78 6.37 Action Hotel property Transfer date Divestment Own Operations Hotel Korpilampi, Finland 30 April 2026 Divestment Own Operations Crowne Plaza Antwerp 2 February 2026 Acquisition Leases Dalata Hotel Group 7 November 2025 Acquisition Leases Elite Hotel Frost, Kiruna 30 September 2025 Divestment Leases Scandic Imatra 1 September 2025 Divestment Leases Quality Winn Göteborg 4 July 2025 Reclassification to Leases Numa Brussels Royal Galleries 1 April 2025 Acquisition Leases Hotel Pullman Cologne 1 April 2025 YIELD AND AVERAGE INTEREST RATE, % MARKET VALUE PROPERTIES, MSEK ACQUISITIONS, INVESTMENTS, AND DIVESTMENTS INVESTMENT PROPERTIES SENSITIVITY ANALYSIS EFFECT ON VALUE Per 30 September, 2026 1) The value of Operating Properties is reported for disclosure purposes and is included in EPRA NRV, EPRA NDV and EPRA NTA calculations. The Operating Properties’ carrying amounts recognised in the condensed consolidated statement of financial position are equivalent to cost, plus investments, minus depreciation and any impairment losses and amounted to MSEK 12,253 (11,657) at the end of the period. For more information on property valuation, see Annual Report 2025 Note E. 6.39% 4.08% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Average valuation yield, % Average interest rate, end of period, % 0 20,000 40,000 60,000 80,000 100,000 120,000 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Leases Own Operations -1,000 0 1,000 2,000 3,000 4,000 5,000 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Acquisitions Investments Divestments 17 109 Effect on fair value Δ% ΔMSEK Yield +/- 0,5pp -5,992/+7,022 Change in currency exchange rates +/- 1pp -/+ 648 Net operating income +/- 1pp +/- 730

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 10 Portfolio overview At the end of the period Pandox’s property portfolio consisted of 191 (163) hotel properties with 42,393 (36,135) hotel rooms in eleven countries. Pandox’s main geographical focus is Northern Europe. The UK (25 percent) is Pandox’s single largest geographical market, measured as a percentage of the property portfolio’s total market value, followed by Germany (18 percent), Sweden (17 percent) and Ireland (15 percent). The market values of the six hotels in Germany where Pandox took over operations during the quarter continue to be reported in the Leases business segment, pending new lease agreements with new tenants. Adjusted for these, approximately 84 percent of the total portfolio market value is covered by external leases. At the end of the period Investment Properties had a weighted average unexpired lease term (WAULT) of 12.9 years (13.6), excluding the expected leases with Scandic related to Dalata. Including Dalata, WAULT amounts to 17.1 years. Pandox’s relationship with Scandic consists of lease agreements for 51 hotel properties with 11,543 rooms in Sweden, Norway, Finland, Denmark and Germany, corresponding to approximately 27 percent of the total number of rooms in Pandox’s portfolio as of 30 September 2026. The hotels are operated under the Scandic, Scandic GO and Hilton brands. In addition, Scandic currently operates all Dalata hotels under management agreements, of which 31 hotel properties with 6,626 rooms in Ireland and the United Kingdom (Clayton and Maldron) are accounted for as lease agreements. For more information about Pandox’s portfolio, visit www.pandox.se Leases Hotels Rooms Per country In % of total Per room UK 30 6,896 17,722 18 2.6 Sweden 42 9,229 16,941 17 1.8 Ireland 24 4,996 14,063 15 2.8 Germany 33 6,910 13,267 14 1.9 Norge 15 2,842 4,930 5 1.7 Danmark 8 1,840 4,697 5 2.6 Finland 11 2,606 4,459 5 1.7 Belgium 4 865 1,901 2 2.2 Austria 2 639 1,605 2 2.5 The Netherlands 1 189 1,260 1 6.7 Switzerland 1 206 866 1 4.2 Sum Leases 171 37,218 81,710 84 2.2 Number Market value (MSEK) Own Operations UK 9 1,862 6,711 7 3.6 Belgium 5 1,607 4,252 4 2.6 Germany 5 1,490 3,797 4 2.5 The Netherlands 1 216 413 0 1.9 Sum Own Operations 20 5,175 15,173 16 2.9 Sum total 191 42,393 96,883 100 2.3 Brand Hotels Rooms In % of total Scandic 48 10,898 26 Leonardo 30 5,770 14 Clayton 17 4,405 10 Independent 9 2,594 6 Radisson Blu 9 2,302 5 Maldron 14 2,221 5 Leonardo Royal 8 2,189 5 Hilton 6 1,553 4 NH 4 1,107 3 Quality Hotel 4 884 2 Dorint 4 847 2 Doubletree by Hilton 3 668 2 Elite Hotels 3 647 2 Mercure 3 610 1 Pullman 2 527 1 Others 27 5,171 12 Total 191 42,393 100 Number NUMBER OF ROOMS Per location category NUMBER OF ROOMS Per demand category NUMBER OF ROOMS Per agreement category LEASE MATURITY PROFILE Per 30 September 2026 City center, 63% Ringroad, 16% Airport, 12% Exhibition center, 3% Resort, 3% Business park, 3% Domestic, 39% Regional, 39% International, 22% Revenue-based with minimum guarantee, 67% Revenue-based without minimum guarantee, 16% Fixed, 2% Own Operations, 15% 0 20 40 60 80 100 0 200 400 600 800 1 000 2026 2030 2034 2038 2042 2046 2050 2054 2058 Expiring rental value, MSEK (left hand scale) Accumulated expired % (right hand scale)

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 11 Property investments A central part of the value creation A large and well-diversified portfolio offers good opportunities for value-creating. Pandox maintains an ongoing dialogue with each tenant on joint investment projects to further increase the hotel's revenue and profitability. Examples include repositioning, extensions and conversions. The creation of new rooms within existing hotel properties is particularly profitable. Investments in the period In the period January–September 2026, investments in property, plant and equipment, excluding acquisitions, amounted to MSEK 1,346 (790), of which MSEK 997 (460) was for Investment Properties and MSEK 349 (330) for Operating Properties. The cost of maintenance Leases in the period was MSEK 47 (55). Estimated investment volume and yield Year Investment, MSEK Of which invested, MSEK Estimated stabilised NOI, MSEK Estimated yield on cost, % Larger projects 2026 1,720 1,090 160 9.3 Scandic Grand Marina, Clayton Edinburgh, Hotel Mayfair Copenhagen, Scandic Solli, Quality Luleå 2027 1,820 820 180 9.9 DoubleTree by Hilton Brussels City, Hilton Slussen, Scandic St Jörgen, Clayton Cardiff Lane 2028 - 600 30 50 8.3 Pullman Cologne, Radisson Blu Tromsö, DoubleTree by Hilton Edinburgh City Centre, Residence Inn by Marriott London Kensington Total 4,140 1,940 390 9.4 Ongoing projects Hilton Slussen, Sweden Hilton Stockholm Slussen, is undergoing a comprehensive refurbishment. The project includes the refurbishment of all guest rooms and bathrooms, modernisation of the hotel’s restaurant, bar and reception areas, and upgrades to the conference facilities and gym. As part of the project, four new suites will also be created, aligning the hotel’s room offering with the strong demand for premium accommodation. Pandox’s investment amounts to approximately MSEK 240 and is estimated to be completed in the middle of 2027. Scandic S:t Jörgen, Sweden Scandic S:t Jörgen in Malmö, is undergoing a comprehensive refurbishment. The project includes the addition of 37 new guest rooms, increasing the hotel's capacity from 288 to 325 rooms, a new restaurant and bar with an entrance facing the pedestrian street, and the refurbishment of the hotel's public areas and conference facilities. As part of the project, all existing guest rooms will also be refurbished. Pandox’s investment amounts to approximately MSEK 130, and the project is expected to be completed in early 2027. Clayton Hotel Cardiff Lane, Ireland Clayton Hotel Cardiff Lane was added to the Pandox portfolio through the acquisition of Dalata Hotel Group in 2025 and is centrally located in Dublin. The hotel offers 304 rooms as well as modern meeting and event facilities. It is currently undergoing a major extension with an additional 115 rooms. The project is expected to be completed in 2027. Assumptions Year = year of completion. Investment = the total of all approved investments, including technical investments. The amount also includes investments made in previous years. Of which invested = the proportion of the total volume that has been invested as of the end of the period. Estimated stabilised net operating income (NOI) = the additional annual net operating income generated once the investment has reached its full potential, normally after 2–4 years.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 12 Financing Financial position and net asset value At the end of the period the loan-to-value net was 52.2 (52.7) percent, including the financial liability related to Eiendomsspar’s ownership interest in Bidco (Dalata). The ownership interest is reported as a financial liability under IFRS, where the interest of MSEK -90 during the period, for previous and current period, constitutes accrued interest expense according to the effective interest method without any cash flow impact. Equity attributable to the Parent Company’s shareholders amounted to MSEK 36,559 (33,729). EPRA NRV amounted to MSEK 47,136 (44,176), equivalent to SEK 242.22 (227.01) per share. Cash and cash equivalents plus unutilised credit facilities amounted to MSEK 3,474 (1,720) after deduction for certificate volume and there are unpledged properties with a market value of approximately MSEK 217 in total. Interest-bearing liabilities At the end of the period the loan portfolio amounted to MSEK 50,998 (48,235), excluding debt related to Eiendomsspars ownership in Bidco and loan arrangement fees. Unutilised credit facilities, after deduction of commercial paper, amounted to MSEK 882 (-63). The volume issued under the commercial paper programme amounted to MSEK 3,836 (3,536). Commercial paper is only used to optimise Pandox’s financial cost via interest rate arbitrage. Commercial paper aside, Pandox’s debt financing is bank financing mainly with loans secured by a combination of mortgage collateral and pledged shares. Pandox has a geographically diversified lender base consisting of 13 Nordic and international banks. At the end of the period the average repayment period for the bank financed loan portfolio was 1.9 (1.9) years, the average fixed interest rate period was 2.4 (2.1) years. The average interest rate level, including effects from interest-rate derivatives, but excluding accrued arrangement fees, amounted to 4.08 (3.94) percent compared to 4.01 percent at the end of the second quarter. The increase is mainly explained by an increase in underlying interest rates. At the end of the period the interest cover ratio (measured on rolling twelve months) was 2.4 (2.6) times. Adjusted for preparatory financial costs in 2025 related to the acquisition of Dalata of MSEK -22, the interest cover ratio was 2.5 times. Short-term interest-bearing debt amounted to MSEK 15,122 (3,778), mainly related to the Dalata acquisition financing facility. Short-term credit facilities, including unutilised credits, maturing in less than twelve months amount to MSEK 17,802. The difference is explained by unutilised credit facilities and expected amortisations. The last twelve month, Pandox completed new financing and refinancings of approximately MSEK 16,445, of which MSEK 1,351 in the third quarter 2026. Refinancing carried out in 2026 were completed at significantly lower credit margins than the portfolio average. Sustainability-linked financing The total sustainability-linked loan volume amounts to MSEK 20,293 per 30 September 2026. The credit margin of the bank loans is linked to the annual outcome of three well-defined environmental, social and governance (ESG) sustainability targets, which will also be reported in the annual sustainability report. Including the green bank loan, the total sustainability-related financing amounts to MSEK 24,297 (21,438). Key ratios, financing Full-year MSEK 2026 2025 2025 Net interest-bearing debt 50,581 38,139 48,342 Cash and cash equivalents and unutilised credit facilities 3,474 2,499 1,720 Average fixed interest period, years 2.4 1.9 2.1 Average repayment period, years 1.9 2.2 1.9 Average interest rate end of period, % 4.08 3.89 3.94 Interest cover ratio, times 2.5 2.7 2.6 Loan to value net, % 52.2 50.2 52.7 Net interest-bearing debt/EBITDA, times 10.2 9.3 11.8 Jan-Sep MATURITY STRUCTURE CREDIT FACILITIES AVERAGE INTEREST RATE End of period, % 1) Excluding contractual amortization and non-controlling interest LOAN TO VALUE, NET, % Policy range 45–60% INTEREST COVER RATIO R12m, times On group level, Pandox’s financial covenants are loan-to-value and interest cover ratio. Year due (MSEK) Credit facilities¹ < 1 year 17,802 1–2 year 12,042 2–3 year 13,331 3–4 year 2,907 4–5 year 5,798 > 5 year - Total 51,880 4.08% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 52.2% 30% 35% 40% 45% 50% 55% 60% 65% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Loan to value, net Policy range 2.4 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 13 Net financial items The increase in costs compared with the corresponding quarter of the previous year is mainly explained by higher loan volumes following acquisitions, as well as other financing costs related to the acquisition of Dalata, the expiry of certain favourable interest rate derivatives, and higher base interest rates. Loans by currency 30 September, 20264) 1) Converted to MSEK 2) Average interest rate including margin and derivatives, excluding arrangement fee for loans. 3) Parts of the interest-bearing debt consist of commercial paper in EUR, while the unutilised credit facility covering the volume is in SEK. 4) Excluding non-controlling interests. Currency and interest rate risk To reduce the currency exposure in foreign investment Pandox’s aim is to finance the investment in local currency. Equity is normally not hedged as Pandox’s strategy is to have a long investment perspective. Currency exposures are largely in form of currency translation effects. Pandox’s bank financing is with variable interest rate. In order to manage interest rate risk and increase the predictability of Pandox’s earnings, interest rate derivatives are used. At the end of the period the gross nominal volume of interest rate derivatives amounted to MSEK 32,274. At the same time, the net nominal volume of interest rate derivatives amounted to MSEK 29,650, which constitutes the interest-hedged portion of Pandox’s loan portfolio. Approximately 58 percent of Pandox’s net debt was thereby hedged against interest rate movements for periods longer than one year and the average fixed rate period was 2.4 (2.1) years. Interest maturity profile 30 September 2026 1) Share of loans with an interest rate reset during the period. 2) Excluding non-controlling interests. The market value of the derivatives portfolio is measured on each closing date, with the change in value recognised in profit or loss. Upon maturing, the market value of a derivative contract is dissolved entirely and the change in value over time thus does not affect equity. At the end of the period, the net market value of Pandox’s financial derivatives amounted to MSEK 1,249 (630). Currency exchange rates The currency effects are predominantly translation exposure. Transaction exposure is limited, as both revenues and costs are in the same currency. With regard to net investments in foreign subsidiaries, currency exposure is reduced through borrowing in the same local currency. Financial sensitivity analysis 30 September 2026 Full-year MSEK 2026 2025 2026 2025 2025 Interest income 7 8 26 21 30 Interest costs -542 -427 -1,568 -1,143 -1,566 Average interest rate, end of period, % 4.08 3.89 4.08 3.89 3.94 Other financial costs -58 -17 -174 -72 -100 Total debt costs, % 4.39 4.16 4.39 4.16 4.25 Financial costs right of use assets -42 -33 -119 -99 -140 Sum net financial items -635 -469 -1,835 -1,293 -1,776 Jul-Sep Jan-Sep SEK DKK EUR³ CHF NOK GBP Total Sum credit facilities, MSEK¹ 13,484 2,377 21,183 519 2,412 11,905 51,880 Sum interest bearing debt, MSEK¹ 12,971 2,377 21,794 519 1,430 11,905 50,998 Share of debt in currency, % 25.4 4.7 42.7 1.0 2.8 23.3 100 Average interest rate, % ² 3.45 3.81 3.73 1.80 5.44 5.38 4.08 Average interest rate period, years 2.5 0.3 2.9 0.2 1.4 1.9 2.4 Market value Properties, MSEK¹ 16,941 4,697 45,017 866 4,930 24,433 96,883 Tenor (MSEK) Amount ⁽¹,²⁾ Share, % Volume Share, % Average interest rate derivatives, % < 1 year 22,574 44 1,226 4 2.4 1–2 year 6,916 14 6,916 23 1.4 2–3 year 4,199 8 4,199 14 0.8 3–4 year 1,797 4 1,797 6 1.9 4–5 year 5,625 11 5,625 19 2.2 > 5 year 9,888 19 9,888 33 2.3 Sum 50,998 100 29,650 100 1.8 Total interest maturity Interest maturity derivatives 2026 2025 Δ% 2026 2025 Δ% Euro (EUR) 10.897 11.105 -2 11.331 11.057 2 British pound (GBP) 12.625 13.056 -3 13.258 12.659 5 Danish krone (DKK) 1.458 1.488 -2 1.516 1.481 2 Norwegian krone (NOK) 0.984 0.948 4 1.039 0.943 10 Swiss franc (CHF) 11.797 11.823 0 11.955 11.807 1 Average rate Rate at end-of-period Effect on earnings before changes in value Δ MSEK +/- 1 pp -/+ 175 +/- 1 pp -/+ 472 +/- 1 pp +/- 1 057 Current fixed interest hedging, change in interest rates, without derivatives Remeasurements of interest-rate derivatives following shift of yield-curves Current fixed interest hedging, change in interest rates, with derivatives

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 14 Sustainability Pandox's science-based climate targets have been approved by the Science Based Targets initiative (SBTi). They mean that by 2030, Pandox will reduce greenhouse gas emissions in Own operations (Scope 1 and 2) by 42 percent, while emissions in Scope 3 will b e reduced by 25 percent. Development in the third quarter 2026 Own operations (Scope 1 & 2) Pandox’s climate transition programme encompasses investments of MEUR 29 for 13 hotel properties within the Own Operations segment with implementation from 2023 to 2030. Once the programme is concluded Pandox is expected to reach the SBTi-validated target of a 42 percent reduction in Scope 1 & 2 carbon emissions in Own Operations. The investments are expected to provide gradual cost savings, which from 2030 are projected to reach around MEUR 3 per year. In the third quarter Pandox continued to make progress in all monitored focus areas for action in the climate transition programme. The focus on shower heads was a top priority and contributed to a significant increase in installation rates during the quarter. The water-saving shower heads initiative is aimed at reducing both water use and the amount of energy needed to heat water, with the potential to reduce hotel operating costs. Heat optimisation and heat pump projects also developed in a positive direction, at the same time as progress was made on occupancy-based control, building automation and submetering. These measures combined will create the conditions for more energy-efficient hotel operation and lower climate impact. Programme outcomes are monitored on an ongoing basis and actions are adapted to the technical and operational functions of each property. Leases (Scope 3) Pandox has produced an action plan to reach the SBTi target of a 25 percent decrease in Scope 3 carbon emissions. The priorities remain the same and relate to improving energy efficiency, phasing out gas and oil in favour of heat pumps, and applying circular principles in renovation. The focus is now on specifying actions and prioritising their implementation. Other sustainability efforts* During the quarter Pandox continued to work on automatic collection of energy data directly from the tenants’ energy providers and submeters. The purpose is to improve data quality and reduce the risk of errors in manual reporting. 69 (68) percent of properties have fully automated energy data collection. For water consumption, 73 (72) percent have automatic data collection. The number of certified properties remained the same at 13 (13) within Own Operations and 3 (3) within Leases. Sustainability-linked financing at the end of the quarter amounted to 40 (40) percent of the total loan stock, the same as in the comparison period. Through targeted investments and working in cooperation with the hotel operators, Pandox is turning its climate targets into concrete action. The initiatives form the basis for continued development of the climate transition plan for Scope 3, which has a clear focus: to combine sustained emissions reductions and more efficient resource use with stronger competitiveness and long-term value-creation. * Comparison figures refer to Q3 2025. Financing Share Q3 2026 Sustainability-linked loans 40% Green bank loans 8% Total 48% Measure Q3 2026 Q2 2026 Δ (p.p) Heat pumps 43% 36% +7 Occupancy detection / Building Management Systems (BMS) 76% 72% +4 Heating optimisation 70% 62% +8 Showerheads 76% 55% +21 Submetering 75% 72% +3 Acknowledgements

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 15 Summary of financial reports Condensed consolidated statement of income Condensed consolidated statement of other comprehensive income Full-year MSEK 2026 2025 2026 2025 2025 Revenues Leases Rental income 1,447 1,050 3,789 2,828 3,935 Other property income 41 39 119 122 163 Revenue Own Operations 941 883 2,391 2,443 3,371 Total revenues 2,429 1,972 6,299 5,393 7,469 Costs Leases -134 -117 -420 -362 -519 Costs Own Operations -754 -680 -2,001 -2,027 -2,728 Gross profit 1,541 1,175 3,878 3,004 4,222 - whereof gross profit Leases 1,354 972 3,488 2,588 3,579 - whereof gross profit Own Operations 187 203 390 416 643 Central administration -61 -59 -171 -169 -236 Transaction costs - - - - -241 Financial income 8 9 27 24 32 Financial expenses -601 -445 -1,743 -1,218 -1,668 Financial cost right of use assets -42 -33 -119 -99 -140 Profit before changes in value 845 647 1,872 1,542 1,969 Changes in value properties -226 21 77 547 605 Acquisition result Dalata - - - - 1,598 Changes in value derivatives 695 41 655 -316 -326 Profit before tax 1,314 709 2,604 1,773 3,846 Current tax -126 -111 -308 -269 -343 Deferred tax -167 39 -416 -36 -329 Profit for the period - continuing operations 1,021 637 1,880 1,468 3,174 Result from discontiuing operations 0 - 0 - 0 Profit for the period 1,021 637 1,880 1,468 3,174 Jul-Sep Jan-Sep Jul-Sep Jul-Sep Jan-Sep Jan-Sep Full- year MSEK 2026 2025 2026 2025 2025 Items that may not be classified to profit or loss, net after tax This year's revaluation of non-current assets - -103 - -8 -57 Translation differencens realisation of foreign operations -1 - -90 - - Items that may be classified to profit or loss, net after tax Net investment hedge of foreign operations -71 4 -165 34 86 Translation differences of foreign operations 981 -424 2,082 -1,529 -2,150 Other comprehensive income for the period 909 -523 1,827 -1,503 -2,121 Total comprehensive income for the period 1,930 114 3,707 -35 1,053 Profit for the period attributable to the shareholders of the parent company 1,027 633 1,889 1,449 3,139 Profit for the period attributable to non-controlling interests -6 4 -9 19 34 Total comprehensive income for the period attributable to the shareholders of the parent company 1,931 111 3,706 -48 1,028 Total comprehensive income for the period attributable to non- controlling interests -1 3 1 13 24 Earnings per share, before and after dilution, SEK 5.28 3.25 9.71 7.45 16.13 In comprehensive income for the period of MSEK 1,827 is included tax of MSEK -376, of which MSEK 32 is current tax.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 16 Condensed consolidated statement of financial position ¹⁾ The fair value measurement belongs to level 2 in the fair value hierarchy in IFRS, i.e. it is based on inputs that are observable, either directly or indirectly. ²⁾ The carrying amounts of interest-bearing liabilities and other financial instruments constitute a reasonable approximation of their fair value. 31 Dec MSEK Not 2026 2025 2025 ASSETS Operating Properties 11,473 11,198 10,804 Equipment and interiors 787 655 667 Investment Properties 79,656 61,060 77,170 Right-of-use assets 3,798 3,239 3,760 Deferred tax assets 6 639 369 590 Derivatives¹ 1,321 819 791 Other non-current investments 9 - 2,779 - Other non-current receivables 174 125 91 Total non-current assets 97,848 80,244 93,873 Current assets Inventories 9 8 8 Current tax assets 631 158 448 Trade account receivables 289 374 383 Prepaid expenses and accrued income 714 595 642 Other current receivables 237 319 316 Cash and cash equivalents 1,772 3,107 1,186 Assets held for sale 9 17,710 - 15,038 Total current assets 21,362 4,561 18,021 Total assets 119,210 84,805 111,894 30 Sep 31 Dec MSEK 2026 2025 2025 EQUITY AND LIABILITIES Equity Share capital 487 487 487 Other paid-in capital 9,470 9,470 9,470 Reserves 1,940 737 123 Retained earnings, including profit for the period 24,662 21,959 23,649 Equity attributable to the owners of the Parent Company 36,559 32,653 33,729 Non-controlling interests 185 180 184 Sum equity 36,744 32,833 33,913 LIABILITIES Non-current liabilities Non-current interest-bearing liabilities² 36,989 37,374 45,503 Other non-current liabilities 11 20 11 Long-term lease liability 3,780 3,222 3,744 Derivatives¹ 72 180 161 Provisions 61 53 57 Deferred tax liability 6 8,648 5,698 8,031 Total non-current liabilities 49,561 46,547 57,507 Current liabilities Provisions 25 30 42 Current interest-bearing liabilities² 15,122 3,663 3,778 Short-term lease liability 24 22 21 Tax liabilities 680 194 380 Trade accounts payable 361 373 327 Other current liabilities 266 267 224 Accrued expenses and prepaid income 1,332 876 1,251 Liabilities related to assets held for sale 9 15,095 - 14,451 Total current liabilities 32,905 5,425 20,474 Total liabilities 82,466 51,972 77,981 Total equity and liabilities 119,210 84,805 111,894 30 Sep

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 17 Condensed consolidated statement of cash flow Cash and cash equivalents consists of bank deposits. Condensed consolidated statement of changes in equity ¹⁾ Amounts for 2025 relates to the net of fair value change relating to Numa Brussels Royal Galleries (former Hotel Hubert) which has been reclassified from Own Operations to Leases to the amount MSEK 94 after tax, and transaction costs Dalata amounting to MSEK -151. Comparison figures and period Figures in brackets are from the corresponding period the previous year for profit/loss items and year-end 2025 for balance sheet items, unless otherwise stated. Note 1. Accounting principles Pandox AB follows the International Financial Reporting Standards (IFRS) and interpretations (IFRIC), as adopted by the EU. This interim report has been prepared according to IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. The interim report for the Parent Company has been prepared in accordance with Chapter 9 Interim Reports of the Swedish Annual Accounts Act. The Parent Company applies the Swedish Annual Accounts Act and RFR2 Accounting principles for legal entities. Under RFR2 the parent company of a legal entity applies all EU approved IFRS principles and interpretations within the framework defined by the Swedish Annual Accounts Act and taking into consideration the connection between accounting and taxation. Derivatives are measured at fair value according to Level 2 in the fair value hierarchy under IFRS, based on inputs that are observable, either directly or indirectly. The carrying amounts of interest-bearing liabilities and other financial instruments constitute a reasonable approximation of their fair values. The interim financial statements are included on pages 1–29 and page 1–14 is thus an integrated part of this financial report. The accounting principles applied are consistent with those described in Pandox’s Annual Report for 2025 . The Group is working on the implementation of IFRS 18 and is analysing, among other things, the classification of income and expenses in the income statement, the introduction of the new mandatory subtotals operating profit and profit before financing and income taxes, the presentation of the cash flow statement, and the disclosure requirements for management-defined performance measures (MPMs). Full-year MSEK 2026 2025 2026 2025 2025 OPERATING ACTIVITIES Profit before tax 1,314 709 2,604 1,773 3,846 Reversal of depreciation 79 83 236 244 331 Changes in value, properties 226 -21 -77 -547 -606 Changes in value, Dalata - - - - -1,598 Changes in value, derivatives -695 -41 -619 316 326 Other items not included in the cash flow 104 14 340 127 779 Taxes paid 60 -155 -273 -445 -610 Cash flow from operating activities before changes in working capital 1,088 589 2,211 1,468 2,468 Increase/decrease in operating assets -424 -101 96 -110 -1,074 Increase/decrease in operating liabilities -81 -63 -73 -18 1,707 Change in working capital -505 -164 23 -128 633 Cash flow from operating activities 583 425 2,234 1,340 3,101 INVESTING ACTIVITIES Investments in properties and fixed assets -539 -235 -1,346 -792 -1,087 Divestment of hotel properties, net effect on liquidity -1 59 180 80 149 Acquisitions of hotel properties, net effect on liquidity -35 -348 -53 -1,844 -15,860 Acquisitions of financial assets -13 -2,782 -26 -2,964 -78 Cash flow from investing activities -588 -3,306 -1,245 -5,520 -16,876 FINANCING ACTIVITIES New loans 2,617 6,204 19,079 15,575 26,127 Amortisation of debt -2,426 -2,396 -18,493 -8,666 -11,527 Dividend non-controlling interest - - - - -16 Paid dividends - - -876 -827 -827 Cash flow from financing activities 191 3,808 -290 6,082 13,757 Cash flow for the period 186 927 699 1,902 -18 Cash and cash equivalents at beginning of period 1,637 2,220 1,186 1,286 1,286 Exchange differences in cash and cash equivalents -51 -40 -113 -81 -82 Liquid funds end of period 1,772 3,107 1,772 3,107 1,186 Information regarding interest payments Interest received amounted to 9 8 20 21 30 Interest paid amounted to -565 -449 -1,512 -1,101 -1,502 Financial cost right of use assets -42 -33 -119 -99 -140 Information regarding cash and cash equivalents end of period 1,772 3,107 1,772 3,107 1,186 Jul-Sep Jan-Sep MSEK Share capital Other paid in capital Translation reserves Revaluation reserve¹ Retained earnings, incl profit for the period Total Non- controlling interests Total equity Opening balance equity 1 Jan, 2025 487 9,470 2,008 226 21,337 33,528 167 33,695 Profit for the period — — — — 3,139 3,139 34 3,173 Other comprehensive income — — -2,054 -57 — -2,111 -10 -2,121 Dividend non-controlling interest — — — — — — -7 -7 Dividend — — — — -827 -827 — -827 Closing balance equity 31 Dec, 2025 487 9,470 -46 169 23,649 33,729 184 33,913 Opening balance equity 1 Jan, 2026 487 9,470 -46 169 23,649 33,729 184 33,913 Profit for the period — — — — 1,889 1,889 -9 1,880 Other comprehensive income — — 1,817 — — 1,817 10 1,827 Dividend — — — — -876 -876 — -876 Closing balance equity 30 Sep, 2026 487 9,470 1,771 169 24,662 36,559 185 36,744 Attributable to the owners of the parent company

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 18 IFRS 18 is not expected to affect the recognition or measurement of the Group’s assets, liabilities or profit, but will result in changes to the presentation of the financial statements and the related disclosures. Implementation is ongoing and also includes the preparation of comparative information for 2026. The Group will provide further information on the quantitative effects once the analysis has been completed. The standard has not been early adopted. Note 2. Parent company Administration for activities within Pandox’s property owning companies is provided by staff employed by the Parent Company, Pandox AB (publ). Pandox’s subsidiaries are invoiced for these services. Condensed income statement for the parent company Condensed balance sheet for the parent company Note 3. Transactions with related parties The Parent Company carries out transactions with subsidiaries in the Group. Such transactions mainly entail allocation of centrally incurred administration cost and interest relating to receivables and liabilities. All related party transactions are entered into on market terms. Pandox’s principal shareholder, Eiendomsspar AS (“Eiendomsspar”), holds an 8.8 percent ownership interest in Bidco amounting to MEUR 120. The ownership interest is reported as a financial liability according to IFRS, where interest constitutes accrued interest expense according to the effective interest rate method without any cash flow impact in the quarter. The liability is intended to be settled when Pandox is expected to acquire the ownership interest and thereby own 100 percent of Bidco. Eiendomsspar AS owns 5.1 percent of property-owning company that owns 31 hotel properties in Germany and 9.9 percent of another property-owning company that owns a hotel property in Germany which were acquired by Pandox in 2015, 2016 and 2019. Pandox has a management agreement regarding Pelican Bay Lucaya Resort in the Bahamas owned by affiliates of Helene Sundt AS and CGS Holding AS. During January–September 2026, revenue from Pelican Bay Lucaya amounted to MSEK 1.5 (1.2). Note 4. Employees At the end of the period, Pandox had the equivalent of 1,552 (1,486) full-time employees, based on the number of hours worked, converted to full-time employees. Of the total number of employees, 1,498 (1,438) were employed in the Own Operations segment and 55 (47) in the Leases segment and central administration. Full-year MSEK 2026 2025 2026 2025 2025 Total revenues 37 34 127 101 144 Administration cost -76 -71 -220 -204 -299 Operating profit -39 -37 -93 -103 -155 Profit from participations in Group companies - - - 2 2 Other interest income and similar profit/loss items 220 -63 553 -35 -22 Derivatives, unrealised 97 40 59 20 51 Profit after financial items 278 -60 519 -116 -124 Year-end appropriations - - - - 855 Profit before tax 278 -60 519 -116 731 Current tax 3 6 14 -2 -51 Deferred tax 1 -7 -8 -21 -11 Profit for the period 282 -61 525 -139 669 Other comprehensive income for the period - - - - - Total comprehensive income for the period 282 -61 525 -139 669 Jul-Sep Jan-Sep 30 Sep 30 Sep 31 Dec MSEK 2026 2025 2025 ASSETS Non-current assets Property, plant and equipment 8 9 9 Financial non-current assets 28,232 26,433 26,347 Current assets 7,665 5,937 7,140 Total assets 35,905 32,379 33,496 EQUITY AND LIABILITIES Equity 15,182 14,724 15,532 Untaxed reserves 4 3 4 Provisions 78 93 85 Non-current liabilities 16,179 11,939 12,246 Current liabilities 4,462 5,620 5,629 Total equity and liabilities 35,905 32,379 33,496

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 19 Segment information Note 5. Operating segments Pandox’s operating segments consist of the Leases and Own Operations business streams. The Leases segment owns, improves and manages hotel properties and provides external customers with premises for hotel operations, as well as other types of premises adjacent to hotel properties. The Own Operations segment owns hotel properties and operates hotels in such owned properties. The Own Operations segment also includes one hotel property under an asset management agreement. Non-allocated items are any items that are not attributable to a specific segment or are common to both segments, and financial cost for right-of-use assets according to IFRS 16. The segments have been established based on the reporting that takes place internally to executive management on financial outcomes and position. Segment reporting applies the same accounting principles as those used in the annual report in general, and the amounts reported for the segments are the same as those for the Group. Scandic Hotels Group and Fattal Hotels Group are tenants who account for more than 10 percent of revenues each. MSEK Leases Own operations Group and non- allocated items Total Leases Own operations Group and non- allocated items Total Revenues Rental and other property income Leases 1,488 — — 1,488 1,089 — — 1,089 Revenue Own Operations — 941 — 941 — 883 — 883 Total revenues 1,488 941 — 2,429 1,089 883 — 1,972 Costs Leases -134 — — -134 -117 — — -117 Costs Own Operations — -754 — -754 — -680 — -680 Gross profit 1,354 187 — 1,541 972 203 — 1,175 Q3 2026 (Jul-Sep 2026) Q3 2025 (Jan-Sep 2025) Q3 2026 (Jul-Sep 2026) Sweden Denmark Norway Finland Germany Belgium UK Ireland Others Total Total revenues Leases 325 88 101 70 200 29 308 307 60 1,488 Own Operations — 33 — 0 289 207 389 — 23 941 Market value properties 16,941 4,697 4,930 4,459 17,064 6,153 24,433 14,063 4,143 96,883 Investments in properties 85 7 16 33 80 97 149 66 6 539 Acquisitions of properties — — — — — — — — — — Changes in value properties 21 2 87 -0 -310 -23 -3 4 -4 -226 Book value Operating Properties — — — — 2,031 3,146 6,704 — 371 12,253 Total noncurrent assets at book value, less deferred tax assets 18,509 3,025 4,932 5,262 16,262 5,248 25,550 14,246 4,175 97,209 Q3 2025 (Jul-Sep 2025) Sweden Denmark Norway Finland Germany Belgium UK Ireland Others Total Total revenues Leases 292 78 92 77 227 26 202 37 58 1,089 Own Operations — 31 — 13 179 249 387 — 23 883 Market value properties 16,549 4,427 4,215 4,369 17,178 6,061 17,360 1,671 4,132 75,962 Investments in properties 58 7 19 22 22 54 43 8 2 234 Acquisitions of properties 347 — -2 — 2 — — — — 347 Changes in value properties -20 9 45 -7 -26 20 -5 — 6 21 Book value Operating Properties — — — 25 2,004 3,104 6,346 — 366 11,845 Total noncurrent assets at book value, less deferred tax assets 17,959 4,440 4,217 5,138 16,479 5,256 20,716 1,671 4,000 79,876

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 20 MSEK Leases Own operations Group and non- allocated items Total Leases Own operations Group and non- allocated items Total Revenues Rental and other property income Leases 3,908 — — 3,908 2,950 — — 2,950 Revenue Own Operations — 2,391 — 2,391 — 2,443 — 2,443 Total revenues 3,908 2,391 — 6,299 2,950 2,443 — 5,393 Costs Leases -420 — — -420 -362 — — -362 Costs Own Operations — -2,001 — -2,001 — -2,027 — -2,027 Gross profit 3,488 390 — 3,878 2,588 416 — 3,004 Q 1-3 2026 (Jan-Sep 2026, accumulated values) Q 1-3 2025 (Jan-Sep 2025, accumulated values) Q1-Q3 2026 (Jan-Sep) Sweden Denmark Norway Finland Germany Belgium UK Ireland Others Total Total revenues Leases 825 201 256 194 639 85 793 748 167 3,908 Own Operations — 67 — 12 613 656 986 — 57 2,391 Market value properties 16,941 4,697 4,930 4,459 17,064 6,153 24,433 14,063 4,143 96,883 Investments in properties 271 33 51 77 120 225 393 165 11 1,346 Acquisitions of properties — — — — — — 6 — — 6 Changes in value properties 141 115 144 -48 -558 -43 -135 466 -5 77 Book value Operating Properties — — — — 2,031 3,146 6,704 — 371 12,253 Total noncurrent assets at book value, less deferred tax assets 18,509 3,025 4,932 5,262 16,262 5,248 25,550 14,246 4,175 97,209 Q1-Q3 2025 (Jan-Sep) Sweden Denmark Norway Finland Germany Belgium UK Ireland Others Total Total revenues Leases 740 192 254 225 657 79 553 84 166 2,950 Own Operations — 61 — 38 497 776 1,012 — 59 2,443 Market value properties 16,549 4,427 4,215 4,369 17,178 6,061 17,360 1,671 4,132 75,962 Investments in properties 215 67 40 50 98 178 106 27 8 790 Acquisitions of properties 347 — 711 — 784 — 3 — — 1,845 Changes in value properties 25 110 110 -15 60 179 33 -16 60 547 Book value Operating Properties — — — 25 2,004 3,104 6,346 — 366 11,845 Total noncurrent assets at book value, less deferred tax assets 17,959 4,440 4,217 5,138 16,479 5,256 20,716 1,671 4,000 79,876

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 21 Alternative performance measurements About alternative performance measurements Pandox applies the European Securities and Market Authority’s (ESMA) guidelines for Alternative Performance Measurements. The guidelines aim at making alternative Performance Measurements in financial reports more understandable, trustworthy and comparable and thereby enhance their usability. According to these guidelines, an Alternative Performance Measurement is a financial key ratio of past or future earnings development, financial position, financial result or cash flows which are not defined or mentioned in current legislation for financial reporting; IFRS and the Swedish Annual Accounts Act. Adjoining alternative financial measurements provides useful supplementary information to investors and management, as they facilitate evaluation of company performance. Since not all companies calculate financial measurements in the same manner, these are not always comparable to measurements used by other companies. Hence, these financial measures should not be seen as a substitute for measures defined according to the IFRS. Reconciliation of alternative performance measures is available on Pandox's website. Properties Financial Per share EPRA About EPRA EPRA's (European Public Real Estate Association) mission is to promote, develop and represent the European public real estate sector. EPRA has more than 290 members, covering the full spectrum of the listed property industry (companies, investors and their stakeholders) and representing over €840 billion in property assets and 95 percent of the market value of the FTSE EPRA Nareit Europe Index. For more information, see www.epra.com. Full-year 2026 2025 2026 2025 2025 Number of properties - - 191 162 193 - of which Leases - - 171 140 171 - of which Own Operations - - 20 22 22 Number of rooms - - 42,393 36,135 42,761 - of which Leases - - 37,218 30,539 37,165 - of which Own Operations - - 5,175 5,596 5,596 Total square meters - - - - 2,590,509 Market value properties, MSEK - - 96,883 75,963 91,743 - of which Investment properties - - 81,710 61,061 77,170 - of which Operating properties - - 15,173 14,902 14,573 Total average yield, % - - 6.39 6.24 6.37 - Investment properties - - 6.32 6.09 6.28 - Operating properties - - 6.78 6.84 6.85 Unrealised changes in value, MSEK - - -342 284 117 - Investment properties - - -9 608 600 - Operating properties - - -333 -324 -483 WAULT, years - - 12.9 14.0 13.6 Jul-Sep Jan-Sep Full-year 2026 2025 2026 2025 2025 Loan to value, net, % - - 52.2 50.2 52.7 Interest cover ratio, times 2.9 2.8 2.5 2.7 2.6 Interest cover ratio R12m, times - - 2,4 2.7 2.6 Interest-bearing net debt/EBITDA, times - - 10.2 9.3 11.8 Jul-Sep Jan-Sep Full-year 2026 2025 2026 2025 2025 Earnings per share 5.28 3.25 9.71 7.45 16.13 Equity per share - - 188.82 168.72 174.27 Cash earnings per share 4.14 3.17 9.34 7.72 9.80 Dividend per share - - - - 4.50 Average number of shares 194,603,000 194,603,000 194,603,000 194,603,000 194,603,000 Total number of shares outstanding, end of period 194,603,000 194,603,000 194,603,000 194,603,000 194,603,000 Jul-Sep Jan-Sep Full-year 2026 2025 2026 2025 2025 EPRA earnings, MSEK 806 617 1,817 1,503 1,906 EPRA NRV, MSEK - - 47,136 40,902 44,176 Growth EPRA NRV, % - - 17.4 4.1 7.3 EPRA NTA, MSEK - - 47,136 40,901 44,176 EPRA NDV, MSEK - - 39,480 35,711 36,645 EPRA NIY, Investment properties, R12, % - - 5.81 5.88 4.92 EPRA LTV, % - - 52.4 50.2 52.6 EPRA Capital Expenditure, MSEK 539 580 1,352 2,635 20,038 EPRA earnings per share (EPS) 4.14 3.17 9.34 7.72 9.80 EPRA NRV per share - - 242.22 210.18 227.01 EPRA NTA per share - - 242.22 210.18 227.01 EPRA NDV per share - - 202.87 183.50 188.31 Jul-Sep Jan-Sep

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 22 Quarterly data Condensed consolidated statement of comprehensive income Condensed consolidated statement of financial position Jul-Sep Apr-Jun Jan-Mar Oct-Dec Jul-Sep Apr-Jun Jan-Mar Oct-Dec MSEK 2026 2026 2026 2025 2025 2025 2025 2024 Revenues Leases Rental income 1,447 1,307 1,035 1,107 1,050 955 823 903 Other property income 41 39 39 41 39 52 31 39 Revenue Own Operations 941 839 611 928 883 896 664 954 Total revenues 2,429 2,185 1,685 2,076 1,972 1,903 1,518 1,896 Costs Leases -134 -150 -136 -157 -117 -131 -114 -141 Costs Own Operations -754 -654 -593 -701 -680 -695 -652 -764 Gross profit 1,541 1,381 956 1,218 1,175 1,077 752 991 Central administration -61 -47 -63 -67 -59 -52 -58 -59 Transaction costs - - - -241 - - - - Financial net -593 -569 -554 -442 -436 -370 -388 -387 Financial cost right of use assets -42 -39 -38 -41 -33 -35 -31 -32 Profit before value changes 845 726 301 427 647 620 275 513 Changes in value Changes in value properties -226 159 144 58 21 512 14 38 Acquisition result Dalata - - - 1,598 - - - - Changes in value derivatives 695 -374 334 -10 41 -285 -72 99 Profit before tax 1,314 511 779 2,073 709 847 217 650 Current tax -126 -131 -51 -74 -111 -107 -51 -54 Deferred tax -167 -161 -88 -293 39 -27 -48 -15 Profit for the period - continuing operations 1,021 219 640 1,706 637 713 118 581 Result from discontiuing operations 0 0 0 0 - - - - Profit for the period 1,021 219 640 1,706 637 713 118 581 Other comprehensive income 909 527 391 -618 -523 542 -1,522 480 Total comprehensive income for the period 1,930 746 1,031 1,088 114 1,255 -1,404 1,061 Key ratios Total net operating income 1,619 1,457 1,036 1,304 1,257 1,162 827 1,070 - of which Leases 1,354 1,196 938 991 972 876 740 801 - of which Own Operations 265 261 98 313 285 286 87 269 EBITDA 1,561 1,412 977 999 1,202 1,110 775 1,016 Total cash earnings 806 677 334 403 617 587 299 541 Revenue growth Leases (LFL), % 7 4 2 5 2 0 1 1 Revenue growth Own Operations (LFL), % 1 0 3 5 -2 -3 -3 3 NOI growth Leases (LFL), % 8 4 2 5 3 -0 1 0 NOI growth Own Operations (LFL), % -6 -1 8 16 -2 -4 -25 1 RevPAR Leases, SEK 1,124 1,024 746 873 959 887 659 775 RevPAR Own Operations, SEK 1,209 1,282 879 1,257 1,278 1,268 860 1,194 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar 31 Dec MSEK 2026 2026 2026 2025 2025 2025 2025 2024 ASSETS Properties incl equipment and interiors 91,916 91,792 90,105 88,641 72,913 73,187 70,684 72,915 Right-of-use assets 3,798 3,679 3,729 3,760 3,239 3,282 2,935 3,156 Other non-current receivables 1,495 891 1,139 882 3,723 1,124 1,116 1,232 Deferred tax assets 639 724 624 590 369 331 345 347 Current assets 19,590 16,838 16,616 16,835 1,454 1,454 1,532 1,752 Cash and cash equivalents 1,772 1,637 1,566 1,186 3,107 2,220 1,477 1,286 Total assets 119,210 115,561 113,779 111,894 84,805 81,598 78,089 80,688 EQUITY AND LIABILITIES Equity 36,744 34,814 34,944 33,913 32,833 32,719 32,291 33,695 Deferred tax liability 8,648 8,533 8,200 8,031 5,698 5,770 5,675 5,776 Interest-bearing liabilities 52,111 50,914 49,976 49,281 41,037 37,590 35,069 35,534 Leasing liabilities 3,804 3,684 3,733 3,765 3,244 3,287 2,945 3,165 Non interest-bearing liabilities 17,903 17,616 16,926 16,904 1,993 2,232 2,109 2,518 Total equity and liabilities 119,210 115,561 113,779 111,894 84,805 81,598 78,089 80,688 Key ratios Market value properties 96,883 94,631 93,042 91,743 75,962 76,229 73,961 76,334 - of which Investment properties 81,710 79,910 78,483 77,170 61,060 61,188 58,756 60,290 - of which Operating properties 15,173 14,721 14,559 14,573 14,902 15,041 15,205 16,044 Average yield, Leases, % 6.32 6.29 6.29 6.28 6.09 6.09 6.13 6.13 Average yield, Own Operations, % 6.78 6.78 6.78 6.85 6.84 6.88 6.89 6.89 Interest-bearing net debt 50,580 49,558 48,651 48,342 38,139 35,579 33,806 34,485 Average interest level end of period, % 4.08 4.01 3.85 3.94 3.89 3.95 3.92 3.98 Interest cover ratio, times 2.9 2.7 1.9 2.3 2.8 2.6 2.1 2.7 Interest cover ratio, R12m, times 2,4 2.4 2.5 2.6 2.7 2.7 2.7 2.7 Loan to value, net, % 52.2 52.4 52.3 52.7 50.2 46.7 45.7 45.2 Interest-bearing net debt/EBITDA, times 10.2 10.8 11.3 11.8 9.3 8.8 8.5 8.7 Average repayment period, years 1.9 2.0 2.2 1.9 2.2 2.4 2.4 2.6 Average fixed interest period, years 2.4 2.5 2.2 2.1 1.9 2.3 2.5 2.7

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 23 Properties Per share Note 6. Tax Current tax is calculated on the taxable profit for the period based on the tax rules applicable in the countries where the group operates. Since taxable profit excludes expenses that are not tax-deductible and income that is not taxable, this differs from the profit before tax in the income statement. At the end of the period deferred tax assets amounted to MSEK 639 (590). These mainly comprise the recognised value of tax loss carryforwards that the Company assesses can be utilised in the coming financial years. Deferred tax liabilities amounted to MSEK 8,648 (8,031) and relate mainly attributable to temporary differences related to the fair value measurement of investment properties, as well as temporary differences between the carrying amount and the taxable value of operating properties, and temporary measurement differences for interest rate derivatives. Note 7. Ongoing disputes and insurance cases Revo Hospitality Group (formerly HR Group), which is one of Pandox's tenants in Germany, initiated insolvency proceedings during the first half of 2026 for a number of companies within the group. The proceedings are being conducted under court supervision with appointed insolvency administrators. Pandox continuously monitors its claims, collateral and rights under the lease agreements and is evaluating appropriate commercial and operational courses of action with the support of external advisers. During the third quarter, Pandox established new operating models for the nine hotel properties in Germany previously leased to Revo Hospitality Group, which filed for bankruptcy earlier in 2026. Six hotels have been transferred to the Own Operations business segment, while three hotels continue to operate within the Leases business segment under the administration of the insolvency administrator, pending the finalisation of negotiations with a new tenant. No material changes have occurred in other previously disclosed disputes and insurance matters. Note 8. Risk and uncertainty factors Pandox’s general approach to business risk has not changed from the detailed account provided in the 2025 Annual Report. There is uncertainty regarding the potential impact of geopolitical and geoeconomic developments on costs through inflation and interest rates, as well as their potential impact on economic growth and, consequently, demand for hotel accommodation from businesses and households. 30 Sep 30 Jun 31 Mar 31 Dec 30 Sep 30 Jun 31 Mar 31 Dec 2026 2026 2026 2025 2025 2025 2025 2024 Number of properties 191 191 192 193 162 163 162 161 - of which Leases 171 171 171 171 140 141 139 138 - of which Own Operations 20 20 21 22 22 22 23 23 Number of rooms 42,393 42,369 42,500 42,761 36,135 36,339 35,941 35,672 - of which Leases 37,218 37,194 37,165 37,165 30,539 30,643 30,245 29,976 - of which Own Operations 5,175 5,175 5,335 5,596 5,596 5,696 5,696 5,696 Market value properties, MSEK 96,883 94,631 93,042 91,743 75,962 76,229 73,961 76,334 - of which Investment properties 81,710 79,910 78,483 77,170 61,060 61,188 58,756 60,290 - of which Operating properties 15,173 14,721 14,559 14,573 14,902 15,041 15,205 16,044 Jul-Sep Apr-Jun Jan-Mar Oct-Dec Jul-Sep Apr-Jun Jan-Mar Oct-Dec SEK 2026 2026 2026 2025 2025 2025 2025 2024 Closing price of B shares, end of period 154.20 173.00 179.40 203.00 180.20 166.40 173.20 191.80 EPRA NRV 242.22 234.15 232.09 227.01 210.18 209.82 207.55 215.58 EPRA NTA 242.22 234.15 232.09 227.01 210.18 209.82 207.55 215.58 EPRA NDV 202.87 192.57 193.74 188.31 183.50 182.61 181.99 189.80 EPRA earnings (EPS) 4.14 3.48 1.72 2.07 3.17 3.02 1.54 2.78 Equity 188.82 178.90 179.57 174.27 168.72 168.13 165.93 173.15 Profit for the period 5.28 1.14 3.29 8.68 3.25 3.63 0.61 2.99 Net operating income 8.32 7.49 5.32 6.70 6.47 5.97 4.25 5.50 Cash earnings 4.14 3.48 1.72 2.07 3.17 3.02 1.54 2.78 Average number of shares, thousands 194,603 194,603 194,603 194,603 194,603 194,603 194,603 194,603 EPRA NRV, EPRA NTA, EPRA NDV and Equity are recognised at balance date.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 24 Note 9. Assets and liabilities held for sale Background Dalata On 15 July 2025 Pandox announced a recommended cash offer of EUR 6.45 per share for the listed company Dalata Hotel Group plc (Dalata) through a consortium consisting of Pandox AB (Pandox) and Eiendomsspar AS (Eiendomsspar), with Pandox’s subsidiary Pandox Ireland Tuck Limited (Bidco) as the acquiring company. Pandox and Eiendomsspar’s ownership in Bidco amounts to 91.2 and 8.8 percent respectively. The acquisition was completed on 7 November 2025. The purchase consideration amounted to around MEUR 1,364. The acquisition is fully financed through a combination of acquisition credit of MEUR 1,165, other existing credit facilities, and cash and cash equivalents. The acquisition involves all of Dalata’s operations. After splitting Dalata’s business into a hotel ownership side and a hotel operations side, Pandox will retain 31 investment properties in Ireland and the UK, while Scandic is expected to acquire the operating platform consisting of 56 hotel operations, mainly under the Clayton and Maldron brands. There is also one additional investment property, which is in Edinburgh and is being converted into a hotel. For more information, see Notes E7 and H2 in Pandox’s 2025 Annual Report. Financial reporting Dalata Up until the divestment of the hotel operations is completed, this item is recognised as “Profit from discontinued operations” and does not affect Pandox’s Own Operations segment. The balance sheet items, including liabilities held until disposal, excluding the properties and associated items, are recognised as “Assets and liabilities held for sale”. No material effect on Pandox’s profits are expected to be recognised under “Profit from discontinued operations”. No adjustments were made to the acquisition analysis in 2026. Changes in the balance sheet items relating to Dalata are mainly linked to currency effects. Divestments in Sweden and Denmark Agreements have been signed for the divestment of seven hotel properties in two transactions in Denmark and Sweden, which, as of 30 September 2026, are included in Assets classified as held for sale. 1) This amount includes loans of MEUR 500 attributable to the expected divestment of the operating platform to Scandic. These are excluded from the calculation of the loan-to-value ratio. Group 31 Dec Amounts in SEK million 2026 2025 2025 Assets - - Hotel properties in Sweden 369 - - Hotel properties in Denmark 1,685 - - Operating property Crowne Plaza Antwerp - - 195 Assets Dalata held for sale, Scandic 15,656 - 14,843 Assets classified as held for sale 17,710 - 15,038 30 Sep 31 Dec 2026 2025 2025 Liabilities Liabilities Dalata held for sale, Scandic¹ 15,095 - 14,451 Liabilities classified as held for sale 15,095 - 14,451 30 Sep

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 25 Definitions Financial information Average interest on debt, % Average weighted interest rate, including interest rate derivatives, for interest-bearing liabilities at the end of period. Cash earnings, MSEK EBITDA plus financial income less financial expense less financial cost for right-of-use assets according to IFRS 16 less current tax reported in the income statement, adjusted for any unrealised translation effect on bank balances and non- controlling interest. EBITDA, MSEK Total gross profit less central administration (excluding depreciation). EBITDA margin, MSEK EBITDA in relation to total revenues. EPRA Earnings, MSEK Earnings Leases and Own Operations before tax. Reversal of change in value of properties, change in value of derivatives and non-controlling interests. Company-specific reversal of depreciation of Own Operations, depreciation of central administration costs, unrealised translation effect of bank balances, other non-cash flow affecting value changes, less current tax. EPRA NRV, MSEK Recognised equity, attributable to the Parent Company’s shareholders, including reversal of derivatives, deferred tax asset derivatives, deferred tax liabilities related to properties, and revaluation of Operating Properties. EPRA NTA, MSEK Recognised equity, attributable to the Parent Company’s shareholders, including reversal of derivatives and deductions for intangible assets, deferred tax asset derivatives, deferred tax liabilities related to properties, and revaluation of Operating Properties. EPRA NDV, MSEK Recognised equity, attributable to the Parent Company’s shareholders, including revaluation Operating Properties. EPRA LTV, % Loan-to-value ratio net adjusted for net operating assets and operating liabilities. EPRA NYI (%) Net operating income Leases, before property administration, rolling 12 months, divided by market value Investment Properties. Growth for comparable units in constant currency Growth measure that excludes effects of acquisitions, divestments and reclassifications, as well as exchange rate changes. Growth in EPRA NRV (net asset value growth), annual rate, % Accumulated percentage change in EPRA NRV, with dividends added back and issue proceeds deducted, for the immediately preceding 12-month period. Gross profit, Own Operations, MSEK Revenue less directly related costs for Own Operations including depreciation of Own Operations. Gross profit, Leases, MSEK Revenue less directly related costs for Leases. Interest-bearing net debt, MSEK Current and non-current interest-bearing liabilities plus arrangement fee for loans less cash and cash equivalents and short-term investments that are equivalent to cash and cash equivalents. Long- term and short-term lease liabilities according to IFRS 16 are not included. Interest-bearing net debt/EBITDA Interest-bearing net debt at the end of the period in relation to accumulated EBITDA R12. Interest cover ratio, multiple EBITDA less financial expense for right-of-use assets divided by net interest expense, which consists of interest expense less interest income. Investments, MSEK Investments in non-current assets excluding acquisitions. Loan-to-value ratio net, % Interest-bearing liabilities, including arrangement fee for loans, less cash and cash equivalents as a percentage of the properties’ market value at the end of the period. Net operating income, Own Operations, MSEK Gross profit for Own Operations plus depreciation included in costs for Own Operations. Net operating income, Leases, MSEK Net operating income corresponds to gross profit for Leases. Net operating margin, Own Operations, % Net operating income for Own Operations as a percentage of total revenue from Own Operations. Net operating margin, Leases, % Net operating income for Leases as a percentage of total revenue from Leases. Result before changes in value, MSEK Profit before tax plus change in value of properties plus change in value of derivatives. Rounding off Since amounts have been rounded off in MSEK, the tables do not always add up. Per share Cash earnings per share, SEK Cash earnings divided by the weighted average number of shares outstanding after dilution during the period. Comprehensive income per share SEK Comprehensive income attributable to the Parent Company’s shareholders divided by the weighted average number of shares outstanding after dilution during the period. Dividend per share, SEK Proposed/approved dividend for the year divided by the weighted average number of outstanding shares after dilution at the end of the period. Earnings per share, SEK Profit for the period attributable to the Parent Company’s shareholders divided by the weighted average number of shares outstanding. EPRA Earnings (EPS) per share, SEK EPRA Earnings divided by the weighted average number of shares outstanding during the period. EPRA NRV, NTA, NDV per share, SEK EPRA NRV, NTA, and NDV divided by the total number of shares outstanding after dilution at the end of the period. Weighted average number of shares after dilution, thousands The weighted average number of outstanding shares taking into account changes in the number of shares outstanding after dilution during the period. Weighted average number of shares before dilution, thousands The weighted average number of outstanding shares taking into account changes in the number of shares outstanding, before dilution, during the period. Property information Market value properties, MSEK Market value of Investment Properties plus market value of Operating Properties. Number of hotels and rooms Number of owned hotel properties and rooms at the end of the period. RevPAR for Leases and Own Operations (comparable units at constant exchange rates), SEK Revenue per available room, i.e. total revenue from sold rooms divided by the number of available rooms. Comparable units are defined as hotel properties that have been owned and operated during the entire current period and the comparative period. Constant exchange rate is defined as the exchange rate for the current period, and the comparative period is recalculated based on that rate. WAULT (Leases) Weighted average unexpired lease term for Investment Properties.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 26 A property company focused solely on hotels Pandox is a hotel property company that owns, develops and leases out hotel properties to skilled hotel operators. We are an active and engaged owner that since inception in 1995 has created one of the largest hotel property portfolios in Europe. Property management Property management is at the heart of our business. Our business model is built on revenue-based, long-term leases with guaranteed minimum levels and joint incentives. We also operate hotels ourselves as an important part of our active ownership strategy Property development Our portfolio offers good opportunities for making value-adding investments together with our tenants. We also make transformative investments in the hotels we operate with the objective of signing new leases. Financial policy Loan to value Pandox’s loan-to-value ratio shall be in the interval 45–60 percent, depending on the market environment and the opportunities that exist. The Company defines loan-to value ratio as interest- bearing liabilities less cash and cash equivalents as a percentage of the market value of the properties at the end of the period. Dividend policy Pandox’s target is a dividend pay-out ratio of 30–50 percent of cash earnings, with an average pay-out ratio over time of around 40 percent. Future dividends and the size of any such dividends depend on Pandox’s future performance, financial position, cash flows and working capital requirements. Seasonal variations The hotel industry is seasonal in nature. The periods during which the Company’s properties experience higher revenues vary from property to property, depending principally upon the composition of demand and the hotel property’s location. The second quarter is normally the strongest supported by high demand and willingness to pay from all sub-segments in the hotel market. Since most of the customers that stay at Pandox owned or operated hotels are business travellers, hotel demand is normally the weakest in the first quarter. Portfolio optimisation The portfolio is evaluated on an ongoing basis to ensure that each hotel property has attractive return potential. Acquisitions form the foundation for growth, and divestment is important to free up capital for investments with higher return potential Sustainability We want to contribute to sustainable development by creating resource efficient properties, operating our own hotels sustainably and providing safe and secure environments for our employees and guests. Our sustainability focus areas are environment and climate, responsible and fair business, satisfied and safe guests, attractive and equal workplace and inclusive communities.

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 27 The share and owners Listed on Nasdaq Stockholm Pandox's B shares have been listed on Nasdaq Stockholm's list for large companies since 2015. The B shares are also traded on several alternative marketplaces. As of 30 September 2026, the last price paid for the B share was SEK 154.20 and the visible market capitalisation was MSEK 18,443. Including the unlisted A shares at the same price as the B shares, the market capitalisation was MSEK 30,008. During the period July- September 2026, the performance of the Pandox share was -11 percent, compared with the OMX Stockholm Benchmark PI index of +2 percent and the OMX Stockholm Real Estate PI index of -7 percent. As of 30 September 2026, Pandox had 6,844 registered shareholders and the number of shares in Pandox amounted to 194,603,000. Dividend policy Pandox's policy is a dividend payout ratio of 30-50 percent of cash earnings per share with an average dividend payout ratio over time of approximately 40 percent. For 2025, the annual general meeting 2026 decided on a dividend of SEK 4.50 (4.25) per share, totalling approximately MSEK 876 (827), corresponding to a dividend payout ratio of approximately 46 (41) percent of cash earnings per share. Number of shares At the end of the period, the total number of shares before and after dilution amounted to 75,000,000 A shares and 119,603,000 B shares. For the third quarter of 2026, the weighted number of shares before and after dilution amounted to 75,000,000 A shares and 119,603,000 B shares. Top 10 owners per 30 September 2026 Owners Number of A shares Number of B shares Share of share capital, % Share of votes, % Eiendomsspar 37,314,375 11,240,826 25.0 35.8 Helene Sundt AB 18,657,188 2,912,187 11.1 17.1 Christian Sundt AB 18,657,187 0 9.6 16.2 AMF Pension & Fonder 22,591,001 11.6 6.6 Alecta Tjänstepension 9,500,000 4.9 2.8 Carnegie Fonder 8,298,742 4.3 2.4 Länsförsäkringar Fonder 5,783,528 3.0 1.7 Vanguard 4,949,677 2.5 1.4 Fjärde AP-fonden 3,817,781 2.0 1.1 BlackRock 3,757,401 1.9 1.1 Sum 10 largest shareholders 74,628,750 72,851,143 76 86 Other shareholders 371,250 46,751,857 24 14 Total 75,000,000 119,603,000 100 100 32% 15% 1% 47% 5% Swedish institutions Foreign institutions Swedish private persons Other owners Anonymous ownership 49% 34% 8% 10% Norway Sweden US Others

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GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 28 Signing of the report The CEO hereby certifies that this interim report provides a fair and accurate overview of the operations, financial position and results of the Parent Company and the Group, and describes the material risks and uncertainties facing the Parent Company and the companies included in the Group. Stockholm, 22 October 2026 Liia Nõu CEO Auditor’s report Introduction We have conducted a limited review of the condensed interim financial information (interim report) for Pandox AB (556030-7885) 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. Stockholm, 22 October 2026 Öhrlings PricewaterhouseCoopers AB Erik Bergh Authorized Public Accountant Appointed by the Board

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PANDOX INTERIM REPORT JANUARY–SEPTEMBER 2026 29 GROUP RESULTS ANALYSIS PROPERTIES FINANCING SUSTAINABILITY FINANCIAL REPORTS This information is information that Pandox AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted, through the agency of the contact persons set out below, for publication on 22 October 2026 at 07:00 CEST. A webcast and telephone conference will be held on 22 October 2026 at 08:30 CEST. Information is available on pandox.se. Contact persons Liia Nõu, CEO +46 (8) 506 205 50 Anneli Lindblom, CFO +46 (0) 765 93 84 00 Anders Berg, Head of Communications and IR +46 (0) 760 95 19 40 Financial calendar 17 November 2026 Hotel Market Day 2026 4 February 2027 Year-end report 2026 14 April 2027 Annual General Meeting 2027 29 April 2027 Interim report January-March 2027 14 July 2027 Interim report January-June 2027 This interim report is a translation from the Swedish original report. In the event of discrepancies between the language versions the Swedish wording will prevail.

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