Interim report
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Q3 Interim Report January – September 2026 Our actions are paying off – results are improving. “
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Stronger results in Sweden and Denmark, Finland turning around 8.4% OPERATING MARGIN, EBITA THIRD QUARTER 357SEKm NET SALES THIRD QUARTER 31.9SEKm OPERATING CASH FLOW THIRD QUARTER July – September 2026 • Net sales amounted to SEK 357.0 (355.2) million. • EBITA amounted to SEK 30.1 (30.0) million, giving an EBITA margin of 8.4 (8.4) percent. • The number of working days was 66 (66), unchanged from the same quarter of the previous year. • EBIT amounted to SEK 26.5 (26.1) million, giving an EBIT margin of 7.4 (7.4) percent. • Profit for the period amounted to SEK 17.3 (17.7) million. • Earnings per share amounted to SEK 1.37 (1.34), basic, and SEK 1.37 (1.34), diluted. • Cash flow from operating activities was SEK 31.9 (21.3) million. January – September 2026 • Net sales amounted to SEK 1,188.0 (1,194.7) million. • EBITA amounted to SEK 81.0 (86.3) million, giving an EBITA margin of 6.8 (7.2) percent. Operating profit for the first half of the year was impacted by restructuring costs totaling SEK 11.8 million. The measures have been implemented to strengthen efficiency and margins going forward. EBITA adjusted for restructuring costs amounted to SEK 92.8 million, corresponding to an adjusted EBITA margin of 7.8 percent. • The number of working days was 187 (187), including the effect of the collectively agreed reduction in working hours equivalent to one working day during the period. • EBIT amounted to SEK 69.9 (74.7) million, giving an EBIT margin of 5.9 (6.3) percent. • Profit for the period amounted to SEK 44.1 (50.5) million. • Earnings per share amounted to SEK 3.44 (3.82), basic, and SEK 3.44 (3.82), diluted. • Cash flow from operating activities was SEK 84.6 (103.1) million. Note. See definitions on page 22 and on the website prevas.com 2 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information The third quarter showed a clear improvement compared with the weak second quarter. After six quarters of negative organic growth, the Group has returned to positive growth. Sweden and Denmark delivered stronger results, with EBITA increasing by 12 and 39 percent, respectively, compared with the same quarter of the previous year. Denmark returned to profit after three loss-making quarters, while Finland also reported a positive EBITA. EBITA for Prevas amounted to SEK 30.1 million, 8.4 percent, compared with SEK 30.0 million, 8.4 percent, in the previous year, while net sales amounted to SEK 357.0 (355.2) million. Cash flow from operating activities amounted to SEK 31.9 (21.3) million. Diluted earnings per share were SEK 1.37 (1.34). The number of working days was unchanged from the previous year. Overall, both earnings and organic growth improved, despite a lower number of employees than in the previous year. The efficiency and improvement measures implemented, together with our investments in areas with higher profitability, are helping to move us in the right direction, although we still have work to do to achieve our financial targets. Our actions are paying off – results are improving Value-creating business and positive development Operations in Sweden performed well during the quarter. Both earnings and organic growth increased. The improve- ment in earnings was driven by higher delivery volumes in projects with greater customer value, active efficiency measures and improved utilization. Encouragingly, the pace of recruitment increased across several business units during the quarter to meet demand. We are seeing signs of some improvement in market conditions in Sweden, although significant differences remain between segments, customers and regions. In Finland, EBITA improved compared with the second quarter, driven by higher utilization and lower costs following the implementation of improvement measures. Orders signed towards the end of the second quarter made a positive contribution, although projects in the defense sector started later than planned. EBITA for the quarter was SEK 0.7 million, corresponding to 1.5 percent, well below our ambitions, and we are continuing our efforts to create a sustainably profitable business in Finland. The focus is on strengthening sales activ- ities in a cautious market and delivering on orders received 3 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information “ By combining our deep industrial domain expertise with AI, we can streamline devel- opment processes and solve more complex problems for our customers. to improve profitability. As part of the succession process in Finland, Hans-Erik Wikman, Deputy CEO of Prevas AB, will assume responsibility for the operations of Prevas Oy on November 1. Juha Ritala remains Chairman of the Board of Prevas Oy, supporting the company’s strategic development. In Denmark, utilization improved during the quarter. After three loss-making quarters, the operations reported a positive EBITA margin of 7.9 percent. The improvement was driven by the implementation of efficiency measures and growth in priority areas such as cybersecurity and Industrial Linux. The operations are now actively recruiting in selected growth areas. We are seeing signs of market stabilization in Denmark. Strong performance in defense in Sweden and Denmark The defense segment continued to perform well during the quarter, with net sales increasing by 6 percent compared with the previous year. Sales in Sweden and Denmark increased by 19 percent, while sales in Finland declined due to a strong comparative quarter that included a major project. Over the past twelve months, net sales in the defense sector amounted to SEK 283 million, corresponding to approximately 17 percent of Prevas’ total net sales. We continue to see good growth potential in the defense segment across the Nordic region. Prevas creates opportunities through AI Rapid developments in AI are creating new opportunities for Prevas. By combining our deep industrial domain expertise with AI, we can streamline development processes and solve more complex problems for our customers. During the quarter, for example, we used large language models (LLMs) to analyze log data in the steel industry and turned the insights gained into tangible improvements in the manu- facturing process. We have also developed AI-based vision solutions for quality assurance in pipe manufacturing and streamlined internal processes. Projects that were previously commercially unviable are now becoming new business opportunities. Solid foundation for continued progress Our priorities for the coming quarters are clear – stronger sales activities, higher utilization, cost control and profitable organic growth. The positive developments in Sweden, improved earnings in Denmark and Finland, and continued demand in growth areas such as defense and cybersecurity provide a solid foundation for further improvements in earnings. In a rapidly changing world, Prevas is well positioned, with long-standing customer relationships, deep industrial domain expertise and a proven ability to adapt quickly to new circumstances. Hello Possibility! Magnus Welén, CEO Prevas AB 4 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Events during the period During the third quarter, Prevas undertook several customer projects and initiatives that strengthen its position in product and production development. • Lunera Energi has commissioned Prevas to implement and deliver Octave EAM. The total contract value amounts to SEK 20 million and includes both services and recurring license revenue. The contract has a six-year term, with options to extend it by a further two years on two occasions, providing a basis for long-term customer relationships. • Together with Alleima, Prevas has developed and verified a machine vision solution for automated quality control of tubes. Using camera technology and AI-based image analysis, the solution can identify surface defects directly in the production environment and provide operators with effective support in their quality control work. • Prevas has helped Danish company Quadsat further develop the hardware platform for its advanced long-range drone-based electronic warfare solution. Through industrial hardware development and software review, Prevas has contributed to a robust and scalable solution designed for higher-volume production and operation in demanding environments. More information about the events is available on the Prevas website at www.prevas.com/news. Events after the period • Changes in Group management and Prevas Oy. As part of the succession process in Finland, Hans-Erik Wikman, Deputy CEO of Prevas AB, will assume respon- sibility for the operations of Prevas Oy with effect from November 1, 2026. Hans-Erik will be responsible for the company's operational management, with the operations and management team reporting to him. At the same time, Juha Ritala is stepping down from Prevas’ Group management but will remain Chairman of the Board of Prevas Oy, focusing on Board activities and supporting the company’s strategic development. Per Malmcrona and Ylva Amrén from Prevas. Order from Lunera Energi. Drone innovation, a project in collaboration with Quadsat. 5 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Outcome Hello Possibility We solve problems. Many would probably say we do so through various technical solutions – and that’s true. But perhaps even more important is our ingenuity. That’s what Prevas is truly about. About seeing possibilities that others overlook – and turning them into opportunities. Vision & Purpose Ingenuity will save the world. Mission We co-create technological advance- ment for the betterment of all: people, planet and profit. Values We summarize our values with the acronym BOAT – Business driven, Open minded, Active and Team player. Employee promise Home of Ingenuity. Prevas in brief 0 3 6 9 12 15 Q1 Q2 Q3 Q4 2024 2025 2026 -2 0 2 4 6 8 10 12 Q1 Q2 Q3 Q4 2024 2025 2026 EBITA margin target: At least 12% over time. Net sales growth target: At least 10% per year over time, including acquisitions, with a focus on quality. Net debt/EBITDA R12 target: No more than 2 over time. Long-term payout ratio target: 40–60% of Prevas’ profit after tax. EBITA margin Net sales growth Net debt/ EBITDA Dividend Prevas is an innovative development hub focusing on product and production development, with inge- nuity at the core. Combining strong technical expertise with business understanding, we help customers across a wide range of industries harness the full potential of today’s technological advancements. Good for people, planet and profit. 8.4% The margin remained unchanged compared with the corresponding quarter of the previous year. 0.5% Net sales growth for the quarter was organic. 0.90 Net debt/EBITDA R12 at end of quarter. 73% The AGM adopted a dividend of SEK 4 per share for 2025, corresponding to a payout ratio of 73% of Prevas’ profit after tax for 2025. Financial targetsHistorical outcome %%% We offer a comprehensive range of services and solutions tailored to meet the ever-evolving needs of modern industries. With a focus on innovation, technology and expertise, we help companies optimize and streamline their operations, develop their products, improve productivity and achieve sustainability. -1 0 1 2 Q1 Q2 Q3 Q4 2024 2025 2026 0 20 40 60 80 2022 2023 20242021 2025 6 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Engineering The engineering industry is evolving through investments in skills as well as sustainability, digitalization and automation. We are well positioned with our industry experience and a creative approach to technological innovation. Defense The Nordic defense industry supplies the global market with world-leading products, solutions and services. Prevas’ experience and expertise meet the defense sector’s demands for advanced technology, reliability and environmental resilience. Life Science Our focus includes biotechnology, medical technology and pharma- ceuticals. We understand rules and regulatory requirements, and how to efficiently develop and bring products to market. We also provide solutions for the manu- facturing of products. Energy The energy sector plays a critical role in enabling the Nordic region to become climate-neu- tral. As a strategic competence partner to the energy and power sector, Prevas is at the heart of development of the sustainable energy systems of the future. Products & Devices Product development integrates advanced electronics, design, software and sustain- ability aspects. Prevas offers technical expertise and business insight to help bring customers’ products to market quickly. Automotive & Transport The automotive and transport industries are affected by several trends such as electrifica- tion, autonomy, digi- talization, and resource efficiency. Prevas has extensive experience in delivering smart solutions and is a trusted development partner. Telecom Prevas has extensive experience in consulting services for mobile networks and provides key expertise in radio access functions. We also deliver central solutions for product traceability and tools for equipment management to telecom companies. Steel & Minerals Prevas is committed to contributing to the development of future fossil-free steel produc- tion. Our offerings include solutions for operational manage- ment, energy efficiency, automation and environ- mental monitoring. Sectors and Customers We have a very broad and well-balanced customer base spanning multiple sectors – from start- ups, small and medium-sized enterprises to global companies. Our five largest customers in the third quarter accounted for about a quarter of our net sales. For our largest customer, operating in the defense sector, net sales in the Sweden segment amounted to SEK 38 million during the quarter, representing more than 10 percent of Prevas’ total net sales. Sector distribution, Q1-3 2026 Engineering 23% (24) Defense 17% (15) Energy 12% (12) Life Science 12% (13) Other 11% (10) Telecom 7% (5) Products & Devices 7% (8) Steel & Minerals 5% (7) Automotive & Transport 6% (6) 7 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Prevas and sustainability in brief At Prevas, sustainability is about engineering that makes a real difference. The transformation of industry is one of the most important challenges of our time, as increasing demands from both regulation and the market drive the need for tangible technical innovation. We see it as our mission to be an active part of the solution. At the same time, we work systematically to reduce our own climate footprint. This involves continuously improving how we use resources, travel and operate our business. For us, it is a given to take responsibility internally as well – and to develop in line with the requirements and expectations placed on us. Sustainability Our sustainability strategy is integrated into the business and takes shape through our Greengenuity approach – where engineering excellence meets a strong commitment to sustainability. By combining automation, digitalization, product development and system integration, we help our customers reduce resource use and climate impact while strengthening their competitiveness. Four areas where we make a difference We have identified four areas where we have a strong ability to contribute: more efficient resource and energy use, sustainable design and technology development, preventive maintenance that improves operational reliability and extends equipment lifespan, and product development with a positive sustainability impact. Ingenuity will save the world Sustainability is more than a goal – it is an integral part of how we create value. By combining deep technical expertise with curiosity and creativity, we develop solutions that contribute to a more sustainable industry and a more resilient society. Together with our customers, we translate sustainability into tangible results. In Karlstad, we have implemented data-driven maintenance that extends the lifespan of critical water and waste- water infrastructure, reduces resource use and enables better decision-making through real-time data. In battery production, we have developed an automated and digitally controlled production line for IONCOR that optimizes energy flows, minimizes waste and strengthens process quality. We also drive circular innovation. For Resand, we have developed a solution that enables the reuse of up to 90 percent of foundry sand, reducing both climate impact and costs. At the same time, we contribute to increased safety and prepared- ness through advanced product development together with Serstech, where portable analytical instruments combine high precision with energy efficiency. Common to all assignments is our focus on tangible results – for people, planet and profit. Hello Possibility. Prevas’ sustainability work can be linked to several of the UN’s Sustainable Development Goals. Read more about our sustainability work on pages 37–71 of the 2025 Annual and Sustainability Report 8 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Net sales July – September Net sales amounted to SEK 357.0 (355.2) million, an increase of SEK 1.8 million and 0.5 percent. The number of working days was 66 (66), which means that net sales were not affected by any calendar effects. Net sales per employee amounted to SEK 393 (359) thousand. January – September Net sales amounted to SEK 1,188.0 (1,194.7) million, a decline of SEK -6.7 million and -0.6 percent. Net sales attributable to acquisitions in 2025 amounted to 1.1 percent. The number of working days was 187 (187), including the effect of the collectively agreed reduction in working hours equivalent to one working day during the period. Net sales per employee amounted to SEK 1,257 (1,207) thousand. Earnings July – September EBITDA amounted to SEK 41.1 (41.6) million, giving an EBITDA margin of 11.5 (11.7) percent. EBITA amounted to SEK 30.1 (30.0) million, giving an EBITA margin of 8.4 (8.4) percent. EBIT amounted to SEK 26.5 (26.1) million, giving an EBIT margin of 7.4 (7.4) percent. EBIT was affected by acquisi- tion-related costs of SEK 3.3 (3.6) million. Acquisition-related costs are recognized in the income statement under Other external expenses, SEK 0.2 (0.2) million, Personnel expenses, SEK 0.0 (0.2) million, and Depreciation and amortization, SEK 3.1 (3.2) million. Financial information Group Net financial items amounted to SEK -4.0 (-3.4) million and were affected by exchange rate changes of SEK -0.8 (0.2) million. Net interest amounted to SEK -2.9 (-3.5) million. Tax expense amounted to SEK 5.2 (5.0) million, corresponding to a tax rate of 23.1 (22.2) percent. The higher effective tax rate compared with the corresponding quarter of the previous year was primarily due to non-deductible expenses. Profit for the period amounted to SEK 17.3 (17.7) million. Earnings per share amounted to SEK 1.37 (1.34), basic, and SEK 1.37 (1.34), diluted. January – September EBITDA amounted to SEK 114.6 (121.0) million, giving an EBITDA margin of 9.6 (10.1) percent. EBITA amounted to SEK 81.0 (86.3) million, giving an EBITA margin of 6.8 (7.2) percent. During the first half of the year, restructuring measures were implemented with the aim of improving margins. Restructuring costs of SEK 11.8 million impacted earnings. EBIT amounted to SEK 69.9 (74.7) million, giving an EBIT margin of 5.9 (6.3) percent. EBIT was negatively affected by acquisition-related costs of SEK 10.2 (11.1) million. Acquisition-related costs are recognized in the income state- ment under Other external expenses, SEK 0.8 (0.9) million, Personnel expenses, SEK 0.0 (1.0) million, and Depreciation and amortization, SEK 9.4 (9.2) million. Net financial items amounted to SEK -12.2 (-10.3) million and Net sales, SEK million Sweden 80% Finland 12% Denmark 8% Net sales by segment, Q1-3 2026 0 20 40 60 80 Q1 Q2 Q3 Q4 2024 2026 0 5 10 15 20 EBITA, SEKm EBITA Margin, % 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EBITA and EBITA margin 0 100 200 300 400 500 Q1 Q2 Q3 Q4 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2025 2026 9 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information were affected by exchange rate changes of SEK -2.6 (0.9) million. Net interest amounted to SEK -8.8 (-10.5) million. Tax expense amounted to SEK 13.6 (13.9) million, corre- sponding to a tax rate of 23.6 (21.6) percent. The high effec- tive tax rate compared with the corresponding period of the previous year is mainly attributable to higher non-deductible expenses and a smaller positive effect from tax losses than in the previous year. Profit for the period amounted to SEK 44.1 (50.5) million. Earnings per share amounted to SEK 3.44 (3.82), basic, and SEK 3.44 (3.82), diluted. Cash flow, cash and cash equivalents and financing July – September Cash flow from operating activities improved compared with the corresponding quarter of the previous year and amounted to SEK 31.9 (21.3) million. Cash flow before changes in working capital amounted to SEK 29.3 (26.2) million, and changes in working capital made a positive contribution of approximately SEK 2.6 million, compared with a negative impact of approximately SEK 4.9 million in the previous year. A decrease in operating receivables had a positive cash flow effect of SEK 50.9 (50.3) million, while a decrease in operating liabilities had a negative cash flow effect of SEK -48.2 (-55.8) million. Cash flow from financing activities amounted to SEK -33.4 million (-12.1). The decrease was primarily attributable to a SEK 12.9 million reduction in the utilization of the overdraft facility, as well as to proceeds from borrowings of SEK 10.8 million in connection with the acquisition of OIM in the corresponding quarter of the previous year. Repayments of loans and lease liabilities amounted to a total of SEK -20.0 million (-22.9), which had a positive impact on cash flow of SEK 2.9 million compared with the corresponding quarter of the previous year. 31.9SEKm OPERATING CASH FLOW THIRD QUARTER Customer satisfaction for the quarter was 8.7 (on a scale of 1 to 10). 0 250 500 750 1000 Q1 2024 2025 2026 Q2 Q3 Q4 Average number of employees Available cash and cash equivalents amounted to SEK 0.8 (7.1) million at the end of the quarter. The SEK 100 (100) million over- draft facility was drawn by SEK 11.3 (0) million. January – September Cash flow from operating activities was SEK 84.6 (103.1) million. Changes in working capital had a positive impact of SEK 7.1 (27.6) million. A decrease in operating receivables had a posi- tive cash flow effect of SEK 16.6 (53.9) million, while a decrease in operating liabilities had a negative cash flow effect of SEK 9.9 (27.1) million. Available cash and cash equivalents amounted to SEK 0.8 (7.1) million at the end of the period. The SEK 100 (100) million overdraft facility was drawn by SEK 11.3 (0) million. Financial position The Group’s equity at the end of the period was SEK 706.8 (685.0) million, corresponding to an equity ratio of 54.0 (50.0) percent. Equity per share attributable to owners of the parent amounted to SEK 50.26 (48.50), basic, and SEK 50.26 (48.50), diluted. Interest-bearing liabilities excluding the overdraft facility have decreased by SEK 61 million since the beginning of the year, mainly due to repayments of bank loans of SEK 40 million and lease liabilities of SEK 22 million. Right-of-use assets amounted to SEK 120.5 (160.6) million. As in the previous year, a reassessment of lease terms for premises was carried out during the quarter. The decrease in the value of right-of-use assets is mainly attributable to changes in premises as part of the efficiency measures implemented. Prevas’ balance sheet remains strong, and net debt/EBITDA R12 is expected to remain well below the target level of 2 in the coming quarters. At the end of the quarter, net debt/EBITDA R12 was 0.90 (1.06). 10 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Employees The average number of employees in the third quarter was 909 (990), distributed as follows: Sweden 682 (739), Denmark 62 (71), Finland 140 (156) and central 25 (24). From 2026, the Sweden segment also includes employees previously reported under the Other segment. The number of employees at the end of the quarter was 980 (1,066). The percentage of female employees was 18.4 percent (19.1). Investments July – September During the quarter, the Group’s investments in non-current assets amounted to SEK 0.6 (1.8) million, of which SEK 0.4 (0.3) million related to machinery, equipment and leasehold improvements, and SEK 0.2 (1.5) million related to intangible assets. January – September During the period, the Group’s investments in non-current assets amounted to SEK 3.9 (5.3) million, of which SEK 3.1 (2.3) million related to machinery, equipment and leasehold improvements, and SEK 0.8 (3.0) million related to intangible assets. Significant events during and after the period Prevas AB’s 2025 annual and sustainability report and remu- neration report are available on the Company’s website prevas.com. Together with Alleima, Prevas has developed and verified a machine vision solution for automated quality control of tubes. Using camera technology and AI-based image analy- sis, the solution can identify surface defects directly in the production environment and provide operators with effective support in their quality control work. Lunera Energi has commissioned Prevas to implement and deliver Octave EAM. The total contract value amounts to SEK 20 million and includes both services and recurring license revenue. The agreement has a term of six years, with an option to extend it by two years on two occasions. The agreement further strengthens our position as a leading EAM partner in the Nordic region. Prevas has helped Danish company Quadsat further develop the hardware platform for its advanced long-range drone-based electronic warfare solution. Through industrial hardware development and software review, Prevas has contributed to a robust and scalable solution designed for higher-volume production and operation in demanding environments. Changes in Group management and Prevas Oy. As part of the succession process in Finland, Hans-Erik Wikman, Deputy CEO of Prevas AB, will assume responsibility for the operations of Prevas Oy with effect from November 1, 2026. Hans-Erik will be responsible for the company's operational management, with the operations and management team reporting to him. At the same time, Juha Ritala is stepping down from Prevas’ Group management but will remain Chairman of the Board of Prevas Oy, focusing on Board activi- ties and supporting the company’s strategic development. Strong operational performance – projects deliv- ered on time As part of its certified quality system, the Company continu- ously monitors customer satisfaction, delivery reliability and warranty performance. Since it was founded in 1985, Prevas has maintained an exceptionally high customer satisfaction level and consistently strong quality scores for delivery reliability and warranty service. Customer satisfaction for the quarter was 8.7 (on a scale of 1 to 10). Parent Company July – September Net sales amounted to SEK 167.9 (162.3) million and profit after financial items was SEK 8.3 (7.8) million. 11 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Net financial items amounted to SEK -3.4 (-2.0) million and were negatively affected by exchange rate changes of SEK -1.5 (-0.2) million. January – September Net sales amounted to SEK 591.4 (573.1) million and profit after financial items was SEK 32.7 (35.4) million. During the period, restructuring measures were implemented to improve the margin. These measures reduced earnings and had a negative impact on utilization. Excluding the effects of the measures, the utilization rate developed positively compared with the corresponding period of the previous year. Net financial items amounted to SEK -6.2 (-2.7) million and were negatively affected by exchange rate changes of SEK -3.3 (1.3) million. Risks and uncertainties Prevas has been relatively unaffected by the ongoing war in Ukraine, which continues to have severe humanitarian consequences. Prevas does not have any employees, partners or customer assignments in either Russia or Ukraine. Other factors, such as inflation and disruptions in transport, raw materials, components and semiconductor supply, contribute to overall uncertainty about future developments, particularly among the Group’s customers. These risks are difficult to assess, and Prevas’ strategy for addressing them is to remain as adaptable and dynamic as possible. Prevas has not yet seen any direct effects of the current geopolitical environment, including increased tensions in the Strait of Hormuz and changing tariff conditions. However, we are aware that several of our customers may be affected. Prevas is well prepared and has both the expertise and capacity to take necessary measures quickly should the situation change. Market development during the quarter was stable, with continued strong demand in defense and cybersecurity. Prevas continues to face a competitive labor market, making it important to work actively on employer branding. This is essential in both retaining employees and attracting new talent. Prevas has worked for a number of years to establish itself as an attractive employer – a strategy that has proven successful. Being recognized as an employer offering engaging assignments and development opportunities will remain a key factor going forward. Information security requirements are becoming increasingly stringent. As society becomes increasingly digitalized, the risks of confidential information being stolen or disclosed to unauthorized parties – and thereby causing harm – also increase. Prevas takes a systematic approach to information security, continuously implementing preventive measures and adapting safeguards based on the organization’s needs and risks. It is Prevas’ assessment that the overall risk level will remain unchanged in 2026. More information about the Company’s risks and how they are managed can be found in the 2025 Annual Report. The risks are also considered to be similar for the Parent Company. Related-party transactions These types of transactions are disclosed in the 2025 Annual Report under Note 26 and are mainly related to purchases and sales between Group companies. There will be corre- sponding transactions in 2026. Accounting policies This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting. The consolidated finan- cial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU, and, where applicable, the Swedish Annual 12 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Contact Helena Burström, CFO +46 (0)21-360 19 00, +46 (0)72-201 11 14 helena.burstrom@prevas.se Magnus Welén, CEO +46 (0)21-360 19 00, +46 (0)70-593 44 57 magnus.welen@prevas.se Accounts Act. The Parent Company’s financial statements have been prepared in accordance with the Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities. The same accounting policies and calculation methods have been applied in this report as in the most recent Annual Report. No updates to other standards have affected reporting during 2026. Prevas is preparing for the implementation of IFRS 18, which will apply from the 2027 financial year. The standard introduces new presentation and disclosure requirements for financial statements, including changes to the structure of the income statement and certain performance measures. Prevas’ preliminary assessment is that its implementation will not have any material impact on the Group’s financial results or key performance measures. Financial instruments The carrying amounts of cash and cash equivalents, trade receivables, contract assets, interest-bearing liabilities, trade payables and contract liabilities are considered to approximate their fair values. Each contingent consideration to be transferred by the Group is recognized at the acquisition-date fair value. Contingent consid- eration amounted to SEK 6.4 million at the end of the period. Subsequent changes in the fair value of contingent consideration classified as an asset or liability are recognized in profit or loss as finance income or finance costs. Contingent consideration is measured at fair value within Level 3 of the fair value hierarchy under IFRS 13. The valuation is based on the present value of estimated future cash flows. Cash flows expected to be settled later than 12 months are discounted using a risk-free rate based on the Riksbank’s policy rate at the end of September of the previous year, with the addition of a market- based risk premium corresponding to the required return on equity, resulting in a pre-tax discount rate. The valuation is updated quarterly, and the discount rate is adjusted annually in connection with the year-end closing. As of September 30, 2026, the discount rate applied was 13.45 percent. The contingent consideration is conditional on the achievement of specified earnings targets. The expected outcome is reas- sessed each quarter based on current earnings performance and available information. During the year, the carrying amount of the contingent consideration increased by SEK 0.1 million as a result of revised estimates of the expected outcome and the effects of discounting. The fair value of the contingent consideration is considered to have low sensitivity to changes in the discount rate applied. Financial calendar Year-end report 2026, Feb 10, 2027. Interim report Jan–Mar 2027, May 4, 2027. Interim report Jan–Jun 2027, July 16, 2027. Interim report Jan–Sep 2027, Oct 26, 2027. Year-end report 2027, Feb 9, 2028. 2027 Annual General Meeting Prevas AB’s AGM, Västerås May 18, 2027. Annual and Sustainability Report Planned for publication in week 16, 2027. This information is information that Prevas AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of the contact persons set out below at 08.30 CET on October 27, 2026. This interim report has been prepared in Swedish and translated into English. In the event of any discrepancies between the Swedish original and the translation, the Swedish shall have precedence. The CEO confirms that the interim report provides a true and fair overview of the Parent Company’s and the Group’s operations, financial position and results, and describes the significant risks and uncertainties facing the Parent Company and the companies included in the Group. Västerås, October 27, 2026 Prevas AB (publ) Magnus Welén CEO Prevas AB 13 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Auditor’s Review Report Introduction We have reviewed the condensed interim financial informa- tion (interim report) for Prevas AB as of September 30, 2026 and for the nine-month period then ended. The Board of Directors and the CEO are responsible for the preparation and presentation of this interim financial report in accord- ance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our review. Scope of review We conducted our 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 review consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review has a different focus and is substantially less exten- sive than an audit conducted in accordance with International Standards on Auditing and generally accepted auditing standards in Sweden. The procedures performed in a review do not enable us to obtain assurance that we would become aware of all signifi- cant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act regarding the Group, and in accordance with the Swedish Annual Accounts Act regarding the Parent Company. Örebro, October 27, 2026 Ernst & Young AB Jens Bertling Authorized Public Accountant To the Board of Directors of Prevas AB (publ.), corp ID 556252-1384 14 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Condensed income statement Group Condensed statement of comprehensive income, Group SEK thousand Note Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full-year 2025 Net sales 2 357,049 355,215 1,187,980 1,194,684 1,626,990 Other operating income 340 195 730 372 583 Other external expenses -105,575 -95,257 -328,525 -318,500 -444,321 Personnel expenses -210,895 -218,957 -746,356 -757,463 -1,018,086 Depreciation and amortization 5 -14,433 -15,052 -43,916 -44,358 -59,310 EBIT 1, 4 26,486 26,144 69,913 74,735 105,856 Net financial items -4,006 -3,414 -12,226 -10,296 -13,013 Profit before tax 22,480 22,730 57,687 64,439 92,843 Income tax -5,187 -5,035 -13,597 -13,916 -20,370 Profit for the period 17,293 17,695 44,090 50,523 72,473 Profit for the period attributable to owners of the parent 17,643 17,244 44,350 49,215 70,789 Profit for the period attributable to non-controlling interests -350 451 -260 1,308 1,684 Basic earnings per share attributable to owners of the parent, SEK 1.37 1.34 3.44 3.82 5.49 Diluted earnings per share attributable to owners of the parent, SEK 1.37 1.34 3.44 3.82 5.49 SEK thousand Note Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 Profit for the period 17,293 17,695 44,090 50,523 72,473 Items that may be reclassified subse- quently to profit or loss: Translation differences attributable to foreign operations 8,096 -2,372 16,935 -12,196 -19,470 Comprehensive income for the peri- od after tax 25,389 15,323 61,025 38,327 53,003 Comprehensive income for the period attributable to owners of the parent 25,290 15,045 60,343 37,847 52,606 Comprehensive income for the period attributable to non-con- trolling interests 99 278 682 480 397 *) In 2025 and 2026, the amount of translation differences attributable to foreign operations was mainly affected by the development of the Swedish krona against the euro. * 15 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Condensed balance sheet Group SEK thousand Sep 30 2026 Sep 30 2025 Dec 31 2025 Goodwill 685,559 678,544 672,632 Other intangible assets 32,694 44,369 41,454 Property, plant and equipment 12,494 13,645 13,087 Right-of-use assets 120,519 160,572 145,758 Deferred tax asset 33,825 40,286 36,527 Financial assets 36 36 36 Total non-current assets 885,127 937,452 909,494 Inventories 1,937 2,659 2,407 Trade receivables 267,173 235,817 333,912 Current tax receivables 32,358 26,035 21,172 Other receivables 1,771 6,270 5,060 Work performed but not invoiced 93,321 128,648 52,909 Prepaid expenses and accrued income 25,777 25,934 19,857 Cash and cash equivalents 768 7,084 21,185 Total current assets 423,105 432,447 456,502 TOTAL ASSETS 1,308,232 1,369,899 1,365,996 SEK thousand Sep 30 2026 Sep 30 2025 Dec 31 2025 Share capital 32,213 32,213 32,213 Other paid-in capital 215,399 215,528 215,439 Reserves 5,918 -3,261 -10,075 Retained earnings including profit for the period 394,123 380,467 401,861 Owners of the parent, total 647,653 624,948 639,438 Non-controlling interests 59,186 60,068 59,721 Total equity 706,839 685,016 699,159 Non-current non-interest-bearing liabilities 3,118 4,696 2,741 Non-current interest-bearing liabilities 132,467 219,356 192,585 Provisions 3,153 1,918 3,216 Deferred tax liability 74,071 80,505 80,494 Total non-current liabilities 212,809 306,475 279,035 Overdraft facilities 11,263 – – Current interest-bearing liabilities 87,408 89,694 88,199 Trade payables 59,059 58,779 69,006 Other liabilities 70,959 62,568 71,472 Invoiced but not performed 15,520 24,393 25,317 Accrued expenses and deferred income 144,375 142,974 133,807 Total current liabilities 388,584 378,408 387,802 TOTAL LIABILITIES AND EQUITY 1,308,232 1,369,899 1,365,996 16 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Condensed changes in equity Group SEK thousand Sep 30 2026 Sep 30 2025 Full year 2025 Opening balance 699,159 703,056 703,056 Total comprehensive income for the period attributable to owners of the parent 60,343 37,847 52,606 Total comprehensive income for the period attributable to non-controlling interests 682 480 397 Changes in ownership attributable to non-controlling interests – 5,232 4,967 Disposals and changes in ownership attributable to non-controlling interests – – -179 Share-based incentive programs -40 1,801 1,712 Dividend attributable to non-controlling interests -1,765 -2,196 -2,196 Dividend -51,541 -61,205 -61,205 Closing balance 706,839 685,016 699,159 Equity attributable to owners of the parent 647,653 624,948 639,438 Equity attributable to non-controlling interests 59,186 60,068 59,721 17 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Condensed cash flow statement Group SEK thousand Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 OPERATING ACTIVITIES Profit before tax 22,480 22,730 57,687 64,439 92,843 Adjustments for non-cash items: Depreciation and amortization 14,433 15,052 43,916 44,358 59,309 Other 3,329 4,794 10,906 9,758 15,082 Income tax paid -7,201 -10,232 -25,438 -33,010 -40,846 Interest paid -3,754 -6,125 -9,566 -9,989 -13,656 Cash flow from operating activities before change in working capital 29,287 26,219 77,505 75,556 112,732 Changes in inventories -116 550 510 755 997 Changes in operating receivables 50,896 50,318 16,563 53,911 31,514 Changes in operating liabilities -48,196 -55,755 -9,938 -27,084 -1,531 Cash flow from operating activities 31,871 21,332 84,640 103,138 143,712 INVESTING ACTIVITIES Acquisition of businesses and shares, excl. cash and cash equivalents – -17,182 – -17,182 -17,182 Divestment of businesses and shares, excl. cash and cash equivalents – – – – 550 Contingent consideration relating to prior-year acquisitions – – – -288 -288 Investments in intangible assets -180 -1,526 -827 -3,049 -4,290 Investments in property, plant and equipment -399 -283 -3,064 -2,280 -3,184 Cash flow from investing activities -579 -18,991 -3,891 -22,799 -24,394 SEK thousand Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 FINANCING ACTIVITIES Repayment of lease liabilities -5,413 -9,862 -22,162 -26,235 -35,893 Dividend -500 – -53,306 -63,401 -63,401 Issue of shares/warrants, LTI 2024/2027 and LTI 2025/2028 – – -40 1,801 1,712 Change in overdraft facilities -12,891 – 11,263 – – Repayment of borrowings -14,572 -13,004 -40,259 -37,864 -50,577 Proceeds from borrowings – 10,800 – 10,800 10,800 Cash flow from financing activities -33,376 -12,066 -104,504 -114,899 -137,359 Cash flow for the period -2,084 -9,725 -23,755 -34,560 -18,041 Cash & cash equivalents at beginning of period 930 17,230 21,185 43,813 43,813 Exchange differences 1,922 -421 3,338 -2,169 -4,587 Cash & cash equivalents at end of period 768 7,084 768 7,084 21,185 18 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Quarterly overview Group Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Net sales, SEK million 357.0 405.1 425.8 432.3 355.2 408.8 430.7 432.0 351.9 395.6 407.1 EBITA, SEK million 30.1 15.1 35.7 35.1 30.0 20.7 35.6 32.6 26.5 36.2 53.5 EBITA margin, % 8.4 3.7 8.4 8.1 8.4 5.1 8.3 7.5 7.5 9.2 13.2 EBIT, SEK million 26.5 11.5 31.9 31.1 26.1 16.6 32.0 28.7 17.9 31.8 44.2 EBIT margin, % 7.4 2.8 7.5 7.2 7.4 4.1 7.4 6.6 5.1 8.0 10.9 Number of working days 66 59 62 62 66 59 62 62 66 60 63 Number of employees at end of period 980 982 1,045 1,051 1,066 1,033 1,053 1,086 1,082 899 902 Average number of employees 909 959 979 997 990 966 990 967 948 854 865 Net sales/employee, SEK thousand 393 422 435 434 359 423 435 447 371 463 471 Equity ratio, % 54.0 49.8 53.1 51.2 50.0 48.4 50.3 48.9 48.3 58.2 60.9 Basic earnings per share, SEK 1.37 0.50 1.57 1.67 1.34 0.73 1.75 1.81 0.75 2.02 2.56 Diluted earnings per share, SEK 1.37 0.50 1.57 1.67 1.34 0.73 1.75 1.81 0.75 2.01 2.54 Basic equity per share, SEK 50.26 48.30 51.51 49.63 48.50 47.33 50.67 50.43 48.28 47.78 50.20 Diluted equity per share, SEK 50.26 48.30 51.51 49.63 48.50 47.33 50.67 50.43 48.28 47.57 49.96 19 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Note 1 Operating segments Group- July – September 2026 July – September 2025 Group-SEK thousand Sweden Denmark Finland Group-wide Total Group Sales to external customers 274,213 34,244 48,592 – 357,049 Sales to other segments 609 -7 316 -918 – Personnel expenses -166,125 -18,140 -26,630 – -210,895 EBITDA 34,896 3,749 2,452 – 41,097 Depreciation and amortization -10,440 -1,109 -2,885 – -14,433 EBITA 26,689 2,706 713 – 30,108 EBIT 24,406 2,512 -433 – 26,486 Financial items -3,547 278 -737 – -4,006 Profit before tax 20,859 2,791 -1,170 – 22,480 From 2026, the Sweden segment also includes operations previously reported in the Other segment (which included Norway), to reflect how management now monitors the business. From 2026, Group adjustments are reported within the respective segments. The comparative year has been restated to reflect these adjustments. SEK thousand Sweden Denmark Finland Group-wide Total Group Sales to external customers 947,051 100,409 140,520 – 1,187,980 Sales to other segments 1,119 50 798 -1,967 – Personnel expenses -597,025 -58,972 -90,359 – -746,356 EBITDA 107,865 3,895 2,880 – 114,639 Depreciation and amortization -31,906 -3,371 -8,639 – -43,916 EBITA 82,637 719 -2,390 – 80,966 EBIT 75,809 -136 -5,759 – 69,913 Financial items -10,341 333 -2,219 – -12,226 Profit before tax 65,468 197 -7,978 – 57,687 January – September 2026 SEK thousand Sweden Denmark Finland Group-wide Total Group Sales to external customers 270,914 34,492 49,809 – 355,215 Sales to other segments 405 47 418 -870 – Personnel expenses -172,893 -19,589 -26,475 – -218,957 EBITDA 32,534 3,056 6,042 – 41,632 Depreciation and amortization -10,917 -1,173 -2,961 – -15,052 EBITA 23,827 1,948 4,226 – 30,002 EBIT 21,181 1,882 3,081 – 26,144 Financial items -2,368 -227 -819 – - 3,414 Profit before tax 18,813 1,655 2,263 – 22,730 2) *) The Sweden segment also includes Norway and other operations previously reported in the Other segment. * * * SEK thousand Sweden Denmark Finland Group-wide Total Group Sales to external customers 936,216 114,062 144,406 – 1,194,684 Sales to other segments 1,377 145 468 -1,991 – Personnel expenses -598,910 -67,568 -90,986 – -757,463 EBITDA 101,386 8,053 11,582 – 121,021 Depreciation and amortization -31,955 -3,528 -8,875 – -44,358 EBITA 75,432 4,723 6,172 – 86,328 EBIT 67,503 4,525 2,707 – 74,735 Financial items -6,530 -1,028 -2,738 – -10,296 Profit before tax 60,973 3,497 -30 – 64,439 January – September 2025 * 20 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Note 2 Sales to external customers by sector and segment July – September 2026 July – September 2025 Sectors Sweden Denmark Finland Total Group Change vs 2025 Energy 27,009 7,397 12,197 46,603 5% Automotive & transport 19,313 25 – 19,338 -3% Defense 54,312 3,348 3,126 60,786 6% Life Science 30,715 6,978 – 37,693 -16% Products & devices 17,734 7,399 6 9 25,202 3% Steel & minerals 14,780 – 3,090 17,870 -28% Telecom 22,178 758 – 22,936 16% Engineering 53,653 4,475 23,130 81,258 -2% Other 34,519 3,864 6,980 45,363 25% Total 274,213 34,244 48,592 357,049 1% January – September 2026 Sectors Sweden Denmark Finland Total Group Change vs 2025 Energy 89,212 24,600 24,208 138,020 -7% Automotive & transport 76,913 1,040 – 77,953 7% Defense 178,821 7,005 16,975 202,801 12% Life Science 130,492 16,669 – 147,161 -4% Products & devices 65,810 22,529 400 88,739 -12% Steel & minerals 46,999 – 10,444 57,443 -29% Telecom 77,695 3,449 – 81,144 31% Engineering 178,940 13,612 74,932 267,484 -4% Other 102,169 11,505 13,561 127,235 9% Total 947,051 100,409 140,520 1,187,980 -1% Sectors Sweden Denmark Finland Total Group Energy 31,548 9,213 3,784 44,545 Automotive & transport 19,809 56 – 19,865 Defense 45,956 2,561 8,997 57,514 Life Science 37,136 7,658 – 44,794 Products & devices 16,551 6,946 1,047 24,544 Steel & minerals 19,526 – 5,446 24,972 Telecom 17,872 1,857 – 19,729 Engineering 53,173 4,591 25,124 82,888 Other 29,343 1,610 5,411 36,364 Total 270,914 34,492 49,809 355,215 2) *) The Sweden segment also includes Norway and other operations previously reported in the Other segment. * * * January – September 2025 Sectors Sweden Denmark Finland Total Group Energy 104,612 32,042 11,300 147,954 Automotive & transport 72,645 188 – 72,833 Defense 149,725 8,359 23,156 181,240 Life Science 127,582 25,982 – 153,564 Products & devices 71,385 23,455 5,985 100,825 Steel & minerals 66,897 – 14,066 80,963 Telecom 58,420 3,628 – 62,048 Engineering 184,207 15,322 78,907 278,436 Other 100,743 5,086 10,992 116,821 Total 936,216 114,062 144,406 1,194,684 * 21 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Note 3 Key performance measures Group SEK thousand Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 EBITDA margin 11.5% 11.7% 9.6% 10.1% 10.3% EBITA margin 8.4% 8.4% 6.8% 7.2% 7.5% EBIT margin 7.4% 7.4% 5.9% 6.3% 6.5% Operating margin 6.3% 6.4% 4.9% 5.4% 5.7% Average number of shares outstanding, thousand before dilution 12,885 12,885 12,885 12,885 12,885 after dilution 12,885 12,885 12,885 12,885 12,885 Basic earnings per share, SEK 1.37 1.34 3.44 3.82 5.49 Diluted earnings per share, SEK 1.37 1.34 3.44 3.82 5.49 Basic equity per share, SEK 50.26 48.50 49.63 Diluted equity per share, SEK 50.26 48.50 49.63 Equity ratio 54.0% 50.0% 51.2% Return on capital employed 8.3% 8.2% 11.7% Return on equity 6.3% 7.3% 10.3% Average number of employees 909 990 945 990 992 Number of working days 66 66 187 187 249 Net sales per employee, SEK thousand 393 359 1,257 1,207 1,640 Total sales per employee, SEK thousand 393 359 1,258 1,207 1,641 Definitions of performance measures can be found on pages 84–85 of the 2025 Annual Report. Current performance measures and definitions are also available on the website: www.prevas.com. SEK thousand Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 Amortization of acquisition-related intangible assets -3,129 -3,186 -9,432 -9,190 -12,360 Transaction costs -178 -186 -810 -928 -1,499 Cost of future services received – -250 – -1,000 -1,000 Acquisition-related items -3,307 -3,622 -10,242 -11,118 -14,859 Note 4 Acquisition-related items Group Definition of key performance measures EBITA – Operating profit before amortization and impairment of intangible assets and acquisition-related items. EBITA margin – Operating profit before amortization and impairment of intangible assets and acquisition-related items, as a percentage of net sales. SEK thousand Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 Group Amortization of intangible assets -3,444 -3,422 -10,242 -9,665 -13,031 Depreciation of right-of-use assets -9,732 -10,381 -29,931 -30,906 -41,247 Depreciation of property, plant and equipment -1,257 -1,249 -3,743 -3,787 -5,032 -14,433 -15,052 -43,916 -44,358 -59,310 Parent Company Amortization of intangible assets -3,043 -2,907 -9,000 -8,451 -11,379 Depreciation of property, plant and equipment -255 -250 -741 -817 -1,059 -3,298 -3,157 -9,741 -9,268 -12,438 Note 5 Depreciation and amortization 22 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Note 6 Acquisitions Group Following regulatory approval, Prevas completed the acquisition of 80 percent of the shares in OIM Sweden AB, with closing on July 1, 2025. The acquisition strengthens the Company’s presence in the Öresund region and brings specialist expertise in advanced product development, notably in Medtech and Cleantech. In 2024, OIM reported net sales of approximately SEK 36 million and had 35 employees. The purchase price amounted to SEK 20.9 million. The acqui- sition of 80 percent of OIM Sweden AB had a marginal impact on Prevas’ earnings per share for 2025. If the acquisition had taken place on January 1, 2025, net sales for OIM would have amounted to SEK 35,450 thousand, EBITA would have been SEK 499 thousand and profit for the period after tax would have been affected by SEK 252 thousand. The difference between EBITA and profit after tax consists of net financial items and tax. More information can be found on the Company’s website prevas.com. Acquisitions 2025 There were no acquisitions during the first three quarters of 2026. Acquisitions 2026 23 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Condensed income statement Parent Company SEK thousand Note Q3 2026 Q3 2025 Q1–3 2026 Q1–3 2025 Full year 2025 Net sales 167,918 162,278 591,390 573,075 775,255 Other operating income – – 4 – – Other external expenses -69,003 -61,195 -236,059 -208,683 -285,675 Personnel expenses -83,857 -88,192 -306,664 -316,987 -422,175 Depreciation and amortization 5 -3,298 -3,157 -9,741 -9,268 -12,438 EBIT 11,760 9,734 38,930 38,137 54,967 Profit from investments in Group companies – – 2,675 2,255 2,642 Interest and similar income 2,461 1,640 10,038 9,807 13,775 Interest and similar expenses -5,876 -3,619 -18,920 -14,798 -19,903 Profit after financial items 8,345 7,755 32,723 35,401 51,481 Change in tax allocation reserve – – – – -13,800 Group contributions paid – – – – -1,433 Income tax -2,487 -2,202 -8,591 -9,048 -10,279 Profit for the period 5,858 5,553 24,132 26,353 25,969 24 Interim Report January – September 2026
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The period in brief CEO’s comments Prevas in brief Sustainability Financial information Condensed balance sheet Parent Company SEK thousand Sep 30 2026 Sep 30 2025 Dec 31 2025 ASSETS NON-CURRENT ASSETS Goodwill 3,290 13,410 10,880 Intangible assets 6,684 6,425 7,268 Property, plant and equipment 2,115 1,647 1,544 Financial assets Investments in Group companies 568,665 570,162 570,000 Deferred tax asset 1,490 1,043 1,130 Receivables from Group companies 22,823 31,178 26,147 Other financial assets 36 36 36 Total non-current assets 605,103 623,901 617,005 CURRENT ASSETS CURRENT RECEIVABLES Inventories 110 452 522 Trade receivables 120,019 90,960 144,181 Receivables from Group companies 24,850 26,774 26,174 Current tax receivables 11,932 14,756 9,150 Other receivables 425 656 760 Work performed but not invoiced 34,927 66,158 18,320 Prepaid expenses and accrued income 15,640 14,808 11,501 Total current receivables 207,903 214,564 210,608 Cash and bank balances – 2,141 17,740 Total current assets 207,903 216,705 228,348 TOTAL ASSETS 813,006 840,606 845,353 SEK thousand Sep 30 2026 Sep 30 2025 Dec 31 2025 EQUITY AND LIABILITIES RESTRICTED EQUITY Share capital 32,213 32,213 32,213 Statutory reserve 9,965 9,965 9,965 Total restricted equity 42,178 42,178 42,178 UNRESTRICTED EQUITY Share premium reserve 163,510 163,638 163,549 Retained earnings -19,466 6,106 6,106 Profit for the period 24,132 26,353 25,969 Total unrestricted equity 168,176 196,097 195,625 TOTAL EQUITY 210,354 238,275 237,803 UNTAXED RESERVES 106,900 93,100 106,900 PROVISIONS Provisions for warranties 213 153 150 Other provisions 1,412 1,000 1,071 Total provisions 1,625 1,153 1,221 NON-CURRENT LIABILITIES Liabilities to credit institutions 46,472 98,345 84,647 Total non-current liabilities 46,472 98,345 84,647 CURRENT LIABILITIES Overdraft facilities 11,263 – – Liabilities to credit institutions 52,696 52,285 51,927 Trade payables 23,581 29,838 40,004 Liabilities to Group companies 268,282 243,034 245,931 Other liabilities 24,812 22,386 21,471 Invoiced but not performed 5,014 2,030 6,402 Accrued expenses and deferred income 62,007 60,160 49,047 Total current liabilities 447,655 409,733 414,782 TOTAL EQUITY AND LIABILITIES 813,006 840,606 845,353 25 Interim Report January – September 2026
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Prevas AB Corp. ID 556252-1384 Box 4 • Glödgargränd 14 • SE-721 03 Västerås info@prevas.com • +46 21-360 19 00 • www.prevas.com Invitation to the presentation of Prevas’ interim report January–September 2026 A press and analyst presentation will be held on Tuesday, October 27 at 09.30, which can be followed via webcast https://www.finwire.tv/webcast/prevas/q3-2026/. About Prevas Prevas is an innovative development hub focusing on product and production development, with ingenuity at the core. Combining strong technical expertise with business understanding, we help customers across a wide range of industries harness the full potential of today’s technological advancements. Good for people, planet and profit. Prevas was founded in 1985 and currently has about 1,000 employees in Sweden, Finland, Denmark and Norway. Prevas has been listed on Nasdaq Stockholm since 1998. For more information about Prevas, visit www.prevas.com.