Interim report
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Half-year report January – June 2026
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QUANT INTERIM REPORT H1 2026 INTERIM OVERVIEW 1 Interim overview January-June • Net sales for the period decreased to EUR 60.7 (65.2) million. Organically, net sales decreased by -7.9%. • During the period, the contract portfolio value decreased by net EUR 2.3 million. Seven contracts were won; one contract was renewed and two were lost. Portfolio run-rate annualized net sales at the end of the period was EUR 127.6 million, compared to EUR 129.9 million at the end of the fourth quarter of 2025. • Operating profit amounted to EUR 1.2 million, compared to EUR -1.3 million prior year. • Adjusted EBITDA amounted to EUR 1.7 (0.3) million, excluding the effect of implementation of IFRS 16 Leases. • Cash flow from operating activities amounted to EUR - 1.7 (-5.3) million, of which change in working capital amounted to EUR -1.7 (-4.8) million. • Net profit for the period was EUR 0.4 (-4.5) million. Significant events during the period Completion of the recapitalisation transaction During the first half of 2026, Quant AB (publ) implemented the remaining measures of the recapitalisation transaction announced in November 2025. The three-month claim period for holders of the Senior Secured Participating Debentures 2025/2040 expired on 11 March 2026, and on 12 March 2026 the Board of Directors allotted the 3,787 shares duly claimed by debenture holders; the remaining 23,916 shares were unclaimed. On 28 April 2026, the Annual General Meeting resolved to redeem the 23,916 unclaimed shares without consideration. The redemption was effected through a reduction of the share capital without repayment to shareholders, combined with a bonus issue (fondemission) that restored the share capital to its previous amount without the issue of new shares. As a result, the number of shares and votes decreased to 228,884 while the share capital remained unchanged at EUR 2,110,908, and the quota value per share increased from EUR 8.35 to EUR 9.22. The final step of the transaction is the winding-up of the former parent company. On 26 March 2026, the extraordinary general meeting of Quibot Topco AB (publ) resolved to place the company into voluntary liquidation, with effect from 30 April 2026. With the corporate approvals obtained at the Annual General Meeting on 28 April 2026 and the liquidation of Quibot Topco AB (publ) now under way, the recapitalisation transaction announced in November 2025 is substantially complete. Amendment of the 2028 senior secured bonds On 17 March 2026, Quant AB (publ) initiated a written procedure in respect of its outstanding Senior Secured Floating Rate Bonds due 6 December 2028 (ISIN SE0023314299; issued under a framework amount of up to EUR 30 million and bearing interest at three-month EURIBOR plus 5.50 per cent per annum), in order to align the terms and conditions with the Group's operational and treasury requirements following the recapitalisation. On 14 April 2026, the requisite majority of bondholders approved the amendments, which took effect through amended and restated terms and conditions on the same date. Significant events after the reporting period No significant events requiring disclosure or adjustment occurred between 30 June 2026 and the date of this report. LTM Jan-Dec KEUR 2026 2025 Jun 2026 2025 Net sales 60 679 65 205 129 553 134 079 Operating profit (loss) 1 201 -1 292 1 647 -845 Adjusted EBITDA 1 655 281 5 186 3 811 Adjusted EBITDA, % 2,7% 0,4% 4,0% 2,8% Adjusted EBITDA IFRS 16 2 269 827 6 300 4 857 Adjusted EBITDA IFRS 16, % 3,7% 1,3% 4,9% 3,6% Cash flow from operating activities -1 666 -5 317 -3 198 -6 850 Net debt 17 006 16 604 17 006 14 491 Jan-Jun 2
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QUANT INTERIM REPORT H1 2026 2 Comment from the CEO CEO COMMENT Continued progress and a stronger foundation for growth The first half of 2026 was another important step forward for Quant. Profitability improved significantly, safety performance continued to strengthen, and the actions taken as part of our turnaround are delivering clear results. Quant today stands on a considerably stronger operational and financial foundation than a year ago. Revenue for the first half was EUR 60.7 million (H1 2025: EUR 65.2 million), a decline of 6.9 per cent and of 7.9 per cent organically, reflecting contract losses and reduced scope in Finland and Baltics and in South America. Profitability nevertheless improved substantially: adjusted EBITDA rose to EUR 1.7 million (2.7 per cent) from EUR 0.3 million (0.4 per cent), operating profit to EUR 1.2 million from a loss of EUR 1.3 million, and the result for the period to a profit of EUR 0.4 million from a loss of EUR 4.5 million. Operating cash flow improved to EUR −1.7 million from EUR −5.3 million but remained negative; cash generation is a clear priority for the rest of the year and we expect the year-on-year improvement to continue as the turnaround measures reach full impact. Safety continues to improve I am particularly pleased with our safety performance. At the end of June our total incident rate stood at 1.09 per million hours worked, compared with 3.41 a year earlier, and our lost time incident rate at 0.27, compared with 2.56. Safety is not separate from operational performance: planning, disciplined execution and early identification of risk improve reliability and productivity alike. Our ambition remains that everyone returns home safely every day. The turnaround is delivering results The actions taken over the past year have created a leaner organization, with average headcount down to 1 440 from 1 981, and a better cost structure. The recapitalization was completed during the period and the related Quibot structure is being dissolved, further simplifying Quant's corporate and ownership structure. The turnaround is not complete: our current focus is on improving the performance of our operations in Brazil while strengthening profitability and cash generation across the Group. The nature of the work is nevertheless changing. The first phase was necessarily about organization and cost structure. With clear improvements now visible, we can shift more of our energy from cost reduction toward commercial growth and the development of our services portfolio. Building commercial momentum Commercial development was encouraging during the first half, particularly in Finland. The most significant win is our partnership with Gasgrid Finland: in June 2026 Quant assumed responsibility for maintenance services for Gasgrid's natural gas transmission network in southern Finland under a multi-year agreement. New agreements with Kokkikartano, Tuusulanjärven Lämpö broaden and diversify our customer base. Our approach is to solve a specific customer problem, demonstrate our value, earn trust and from there expand the relationship by bringing more of Quant's capabilities to the customer. This Land & Expand approach remains central to how we want to grow, and we support it in two ways: by turning our strongest expertise into clear, repeatable services that can be deployed across customers and markets, and by asking everyone at Quant, not only those in sales, to be alert to customer needs. We are also combining maintenance expertise with technology and data; our cooperation with iPercept, which began in Central Europe and Scandinavia, has extended to the Middle East and North America. A stronger Quant Geopolitical uncertainty in the Middle East continues to create caution, although we see significant long- term opportunities in the region. Work remains where performance is below our expectations, but the progress achieved gives us confidence in the direction. Our priorities for the rest of the year are clear: profitability, cash generation and commercial momentum. I thank all our employees for their contribution to this progress. 3 Sami Pitkänen Chief Executive Officer
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QUANT INTERIM REPORT H1 2026 3 Financial review – First half of 2026 Net Sales & Profit Net sales for the first half amounted to EUR 60.7 million, from EUR 65.2 million prior year (-6.9%). Organic growth was -7.9% for the period. The development was primarily driven by lower net sales in South America and Finland and Baltics, following contract losses and reduced scope, partly offset by continued growth in Scandinavia and Central Europe on new contracts and expanded existing agreements. Gross profit for the first half was EUR 9.3 million, compared to EUR 7.4 million the previous year, reflecting improved cost efficiency across the portfolio despite the lower net sales base. The increase was primarily driven by a strong improvement in Scandinavia, together with a favorable currency effect on the revaluation of intercompany receivables and payables of EUR 0.5 million, compared to a negative impact of EUR 0.7 million in the prior year period. This was partly offset by lower gross profit in South America, Middle East and North America. Adjusted EBITDA for the first half, excluding the impact from IFRS 16, was EUR 1.7 million, compared to EUR 0.3 million prior year, driven by the improvement in operating profit. Adjusted EBITDA includes non- recurring items of EUR 0.1 (0.1) million. In constant currency, Adjusted EBITDA was EUR 1.7 million. Adjusted EBITDA with IFRS 16 was EUR 2.3 million, compared to EUR 0.8 million prior year. For the first six months net financial items amounted to EUR −0.6 (−2.5) million. The impact on revaluations of internal loans to subsidiaries due to exchange rate fluctuations was EUR 1.0 (−0.1) million, and the interest expense for the period was EUR −1.3 (−2.1) million. The lower debt level has continued to reduce the Group's interest expenses compared with the same period last year. Net profit for the period improved to EUR 0.4 million, from EUR −4.5 million in the prior year period, driven by higher operating profit and significantly lower financial expenses following the refinancing. FINANCIAL REVIEW Cash Flow Cash flow from operating activities for the first half of 2026 amounted to EUR -1.7 (-5.3) million. Change in working capital was EUR -1.7 (-4.8) million for the period, mainly attributable to a decrease in liabilities of EUR -3.6 million, partly offset by a positive cash flow from receivables of EUR 1.9 million. Taxes paid amounted to EUR -0.6 (0.0) million. Cash flow from investing activities was EUR -0.2 (-1.1) million, mainly driven by investments in tangible assets. The prior-year period included the acquisition of a subsidiary of EUR -0.5 million and changes in financial fixed assets of EUR -0.4 million. Cash flow from financing activities for the period was EUR -0.6 (-8.5) million, mainly driven by amortization of financial leases of EUR -0.5 million, partly offset by change in loans of EUR 0.1 million. The prior-year period was affected by a repayment of loans of EUR -6.0 million and refinancing expenses of EUR -2.1 million. Contract portfolio A standard contract has a duration of three to five years, usually with extension possibilities after the initial period. In outsourced maintenance, changes to the contract portfolio are a natural part of doing business, as contracts are won and lost. New contract wins and losses of existing contracts do not coincide in the short term, whereby it is necessary to consider the long-term trend. Contracts with annualized net sales of EUR 11.8 (21.3) million are scheduled for renewal during the next twelve months. During the period seven contracts were won with annualized net sales of EUR 7.1 million. Two contracts were lost with annualized net sales of EUR -11.9 million. One contract was renewed with reduced scope of EUR -0.7 million. The combined effect of these changes, including scope changes in existing contracts of EUR 1.2 million and exchange rate effects of EUR 2.1 million, amount to a decrease in the contract portfolio annualized net sales of EUR -2.3 million to an end-of- period annualized run rate of EUR 127.6 million, compared to EUR 129.9 million at the end of 2025. 4
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QUANT INTERIM REPORT H1 2026 FINANCIAL REVIEW Financial position Following the recapitalization transaction completed in 2025 — through which the company's former senior bonds of EUR 92 million plus accrued interest were converted to equity — the Group maintains a substantially strengthened balance sheet. On 30 June 2026, interest bearing liabilities after deduction of financing costs, and excluding lease liabilities, amounted to EUR 20.7 (20.6) million. Net debt excluding the impact of IFRS 16 amounted to EUR 17.0 (16.6) million, whereas net debt including IFRS 16 effects (Net Debt IFRS 16) amounted to EUR 20.6 (19.0) million (see separate table for the calculation of Net debt and other Alternative Performance Measures). Items affecting comparability Items affecting comparability includes events and transactions with significant effects, which are affecting the possibility to accurately compare income for the current period with previous periods, including restructuring initiatives, costs related to M&A, significant impairment, and other major nonrecurring income or costs. Items affecting comparability are recorded as nonrecurring items, which amounted to EUR 0.1 (0.1) million for the Group in the first half of 2026. Parent company and ownership Quant AB (publ) provides headquarter functions for the Group, including group management and group-wide functions. Cash and cash equivalents in the Parent company on 30 June 2026 amounted to EUR 0.6 (0.4) million. Following the completion of the recapitalization transaction in December 2025, Quant AB (publ) is a standalone company, independent of Quibot Topco AB (publ). Quant's shares are privately held. All shares are of the same type and have equal rights in every respect. Quant AB (publ) is controlled by Robus Capital Management Limited, which through the funds Robus Recovery Fund II and Robus Recovery Fund III holds approximately 82 per cent of the total outstanding number of shares. The remaining shares are held by a number of minority shareholders, none of which holds more than approximately 10 per cent of the total outstanding number of shares. 5
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QUANT INTERIM REPORT H1 2026 4 Segments Quant’s customer contracts consist of providing maintenance outsourcing services, and as such net sales is recognized over time as the services are performed. Quant is organized in a geographic setup, which is reflected in the reporting of financials in geographic segments. The reporting segment Other refers primarily to costs for headquarters functions that have not been operationally allocated to the geographic segments and eliminations. SEGMENTS 29 % 13 % 5 %11 % 24 % 18 % Net sales per segment Scandinavia South A meric a Nort h Americ a Middl e Eas t Finland and Baltics Cent ral Europe Scandinavia Net sales for the first half amounted to EUR 17.5 million, up from EUR 13.9 million prior year (+26.0%). The increase was driven by expanded scope on existing contracts and strong upselling, partly offset by the exit of one contract. Adjusted EBITDA for the first half rose to EUR 1.4 million, from EUR 0.4 million prior year, lifting the margin to 8.0% from 2.8%. The improvement was driven by higher net sales on existing customer contracts, combined with strong cost control at site level and lower overhead costs. Jan-Dec KEUR 2026 2025 2025 Net sales 17 542 13 925 28 824 Operating profit (loss) 1 326 374 1 965 Adjusted EBITDA 1 398 394 2 157 Adjusted EBITDA % 8,0% 2,8% 7,5% Jan-Jun South America Net sales for the first half amounted to EUR 7.6 million, compared to EUR 13.0 million prior year, reflecting lost contracts as well as reduced scope in one contract. This was partly offset by new customer wins during the period. Adjusted EBITDA for the first half was EUR -0.7 million, compared to EUR 0.1 million prior year, with the margin at - 9.8% versus 1.0%. The decline was mainly driven by lower volumes, with costs not scaling down proportionately. Jan-Dec KEUR 2026 2025 2025 Net sales 7 587 12 990 26 988 Operating profit (loss) -794 -42 939 Adjusted EBITDA -743 129 1 231 Adjusted EBITDA % -9,8% 1,0% 4,6% Jan-Jun 6
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QUANT INTERIM REPORT H1 2026 SEGMENTS North America Net sales for the first half were EUR 3.2 million, compared to EUR 3.4 million prior year (-7.2%), mainly attributable to reduced scope on one contract, partly offset by new contracts. Adjusted EBITDA for the first half was EUR 0.4 million, compared to EUR 0.5 million prior year, with margin at 12.7%, remaining the highest-margin segment in the group. Lower personnel costs partly offset the impact of the reduced contract scope and internal cost allocations. Jan-Dec KEUR 2026 2025 2025 Net sales 3 195 3 442 7 160 Operating profit (loss) 405 532 1 267 Adjusted EBITDA 405 532 1 267 Adjusted EBITDA % 12,7% 15,4% 17,7% Jan-Jun Middle East Net sales for the first half were EUR 6.6 million, compared to EUR 6.9 million prior year — a broadly stable performance. Adjusted EBITDA for the first half was EUR 0.4 million, compared to EUR 0.5 million prior year. The decrease was mainly attributable to increased site costs due to regional uncertainty. Jan-Dec KEUR 2026 2025 2025 Net sales 6 604 6 889 13 138 Operating profit (loss) 414 503 1 138 Adjusted EBITDA 434 508 1 463 Adjusted EBITDA % 6,6% 7,4% 11,1% Jan-Jun 7
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QUANT INTERIM REPORT H1 2026 SEGMENTS Finland and Baltics Net sales for the first half amounted to EUR 14.6 million, compared to EUR 18.8 million prior year ( -22.4%), reflecting lost and reduced-scope contracts with a small number of key customers, partly offset by new customer contracts. Adjusted EBITDA for the first half improved to EUR 0.4 million, from EUR -0.1 million prior year, lifting the margin to 3.0% from -0.6%. The improvement reflects proactive cost management, with lower personnel and other operating costs more than compensating for the lower revenue base. Central Europe Net sales for the first half amounted to EUR 11.1 million, up from EUR 9.1 million prior year (+22.1%), on broad -based growth from new customers and expanded scope on existing contracts, partly offset by the exit of one contract. Adjusted EBITDA for the first half rose to EUR 0.4 million, from EUR 0.3 million prior year. Two new contracts in addition to continued high project upselling resulting in a higher Adjusted EBITDA Jan-Dec KEUR 2026 2025 2025 Net sales 14 622 18 848 38 140 Operating profit (loss) 406 -171 231 Adjusted EBITDA 441 -112 905 Adjusted EBITDA % 3,0% -0,6% 2,4% Jan-Jun Jan-Dec KEUR 2026 2025 2025 Net sales 11 129 9 111 19 828 Operating profit (loss) 371 270 765 Adjusted EBITDA 392 279 881 Adjusted EBITDA % 3,5% 3,1% 4,4% Jan-Jun 8
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QUANT INTERIM REPORT H1 2026 SEGMENT OVERVIEW 5 Segment overview With effect from 1 January 2026, Quant updated its segment reporting to better reflect the Group's operating structure, replacing the previous two regions (Europe & Middle East and Americas) with six geographic segments: Scandinavia, South America, North America, Middle East, Finland and Baltics, and Central Europe. The comparative figures for 2025 have been restated to the new structure and are presented in the section "Restated 2025 segment financials". Net Sales Operation profit (loss) LTM Jan-Dec KEUR 2026 2025 Jun 2026 2025 Scandinavia 17 542 13 925 32 441 28 824 South America 7 587 12 990 21 586 26 988 North America 3 195 3 442 6 913 7 160 Middle East 6 604 6 889 12 853 13 138 Finland and Baltics 14 622 18 848 33 914 38 140 Central Europe 11 129 9 111 21 846 19 828 Group 60 679 65 205 129 553 134 079 Jan-Jun LTM Jan-Dec KEUR 2026 2025 Jun 2026 2025 Scandinavia 1 326 374 2 918 1 965 South America -794 -42 187 939 North America 405 532 1 141 1 267 Middle East 414 503 1 049 1 138 Finland and Baltics 406 -171 808 231 Central Europe 371 270 866 765 Other -928 -2 758 -5 321 -7 150 Operating profit 1 201 -1 292 1 647 -845 Financial items -609 -2 532 1 304 -619 Profit/loss before tax 592 -3 823 2 951 -1 464 Jan-Jun Adjusted EBITDA LTM Jan-Dec KEUR 2026 2025 Jun 2026 2025 Scandinavia 1 398 394 3 161 2 157 South America -743 129 359 1 231 North America 405 532 1 141 1 267 Middle East 434 508 1 388 1 463 Finland and Baltics 441 -112 1 458 905 Central Europe 392 279 994 881 Other -672 -1 449 -3 315 -4 092 Group 1 655 281 5 186 3 811 Group, % 2,7% 0,4% 4,0% 2,8% Adjusted EBITDA IFRS 16 2 269 827 6 300 4 857 Adjusted EBITDA IFRS 16% 3,7% 1,3% 4,9% 3,6% Jan-Jun 9
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KEUR Q1 Q2 Q3 Q4 Jan - Dec Scandinavia 7 127 6 798 6 467 8 431 28 824 South America 6 410 6 579 7 842 6 156 26 988 North America 1 719 1 723 1 887 1 832 7 160 Middle East 3 392 3 498 3 246 3 003 13 138 Finland and Baltics 8 695 10 153 9 582 9 710 38 140 Central Europe 4 620 4 491 4 806 5 911 19 828 Total 31 963 33 242 33 830 35 044 134 079 2025 KEUR Q1 Q2 Q3 Q4 Jan - Dec Scandinavia 457 -82 656 935 1 965 South America -465 423 1 718 -737 939 North America 284 248 315 421 1 267 Middle East 275 228 248 388 1 138 Finland and Baltics -8 -163 551 -149 231 Central Europe 322 -52 188 306 765 Other -1 169 -1 588 -3 107 -1 286 -7 150 Total -304 -988 569 -123 -845 2025 KEUR Q1 Q2 Q3 Q4 Jan - Dec Scandinavia 467 -72 745 1 018 2 157 South America -385 514 1 833 -731 1 231 North America 284 248 315 421 1 267 Middle East 278 231 251 703 1 463 Finland and Baltics 14 -126 682 335 905 Central Europe 327 -48 193 410 881 Other -250 -653 -1 998 -145 -3 046 Total 734 93 2 019 2 011 4 857 2025 QUANT INTERIM REPORT H1 2026 Restated 2025 segment financials Net sales Operating profit (loss) Adjusted EBITDA IFRS 16 SEGMENT OVERVIEW 10 Segment figures are presented excluding IFRS 16; the effect of IFRS 16 is recognised in Other and at Group level.
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QUANT INTERIM REPORT H1 2026 6 Signatures The condensed set of financial statements in this interim report were prepared in accordance with IFRS, as approved by the EU and with generally accepted accounting practices, and give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group and the company. Mika Riekkola Chairman of the Board Elisa Erkkilä Board member Mark Hoffmann Board member This report has not been subject to review by the Company's auditors. Contact information INVESTOR RELATIONS Maja Stålåker Chief Financial Officer ir@quantservice.com +46 72 517 0058 REGISTERED OFFICE Quant AB (publ) Industrigatan 4A, 1st floor 112 46 Stockholm, Sweden Organization number 556975-5654 FINANCIAL CALENDAR Interim Report H2 2026 February 26, 2027 Annual Report 2026 March 26, 2027 www.quantservice.com SIGNATURES 11
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QUANT INTERIM REPORT H1 2026 7 Consolidated accounts Condensed Consolidated Income Statement **The number of shares in the comparative periods has not been restated for the 2025 share consolidation and is therefore notdirectly comparable with the current period. See the Earnings per share note. Condensed Consolidated Statement of Comprehensive income FINANCIAL STATEMENTS Jan-Dec KEUR 2026 2025 2025 Net sales 60 679 65 205 134 079 Cost of sales -51 414 -57 845 -116 112 Gross profit 9 265 7 360 17 966 General and administrative expenses -6 750 -8 161 -17 420 Selling expenses -1 054 -1 208 -2 287 Other operating items -260 717 896 Operating profit (loss) 1 201 -1 292 -845 Net financial items -609 -2 532 -619 Profit (loss) before tax 592 -3 823 -1 464 Tax -208 -658 -531 Net profit (loss) 384 -4 481 -1 995 Net profit (loss) attributable to parent company shareholders 219 -4 686 -2 411 Net profit (loss) attributable to non-controlling interest 166 205 416 Earnings per share basic and diluted*, EUR 0,89 -0,90 -0,52 Jan-Jun Number of shares at end of period** 228 884 5 000 000 252 800 Number of shares average** 246 193 5 000 000 4 628 209 *As no potential shares exist, there is no dilution effect. Jan-Dec KEUR 2026 2025 2025 Net profit (loss) 384 -4 481 -1 995 Other comprehensive income Translations differences pertaining to foreign operations -1 215 -144 -3 718 Items that will be reclassified to profit or loss -1 215 -144 -3 718 Revaluation of defined benefit plans - - 965 Tax pertaining to items that will not be reallocated to profit/loss - - -189 Items that will not be reclassified to profit or loss - - 776 Other comprehensive income -1 215 -144 -2 942 Total comprehensive income -831 -4 625 -4 936 Total comprehensive income attributable to: Owners of the parent company -1 011 -4 918 -5 431 Non-controlling interest 180 293 495 Jan-Jun 12
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QUANT INTERIM REPORT H1 2026 FINANCIAL STATEMENTS Condensed Consolidated Statement of Changes in Equity KEUR 30 Jun 2026 30 Jun 2025 31 Dec 2025 Opening Shareholder's equity 48 890 -29 878 -29 878 Adjustment to opening balance -16 - - Net income/loss for the period 384 -4 481 -1 995 Other comprehensive income -1 215 -144 -2 942 Total comprehensive income -831 -4 625 -4 936 New share issue - - 4 776 Costs related to new share issue -76 - - Acquisition of non-controlling interest - -563 -515 Dividend to non-controlling interest -140 -289 -738 Dividend to owners - - -110 Shareholder contribution - 80 291 80 291 Closing Shareholder's equity 47 827 44 937 48 890 Total equity attributable to: Owners of the Parent Company 47 522 44 445 48 620 Non-controlling interest 304 492 270 13
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QUANT INTERIM REPORT H1 2026 Condensed Consolidated Statement of Financial Position FINANCIAL STATEMENTS KEUR 30 Jun 2026 30 Jun 2025 31 Dec 2025 Non-current assets Intangible fixed assets 64 191 65 551 64 684 Tangible fixed assets 660 1 274 1 102 Right of use assets 3 390 2 317 3 189 Financial fixed assets 1 682 1 596 1 582 Total non-current assets 69 923 70 738 70 557 Current assets Inventories 2 569 2 490 2 525 Current receivables 27 147 27 353 28 293 Cash and bank 3 670 3 982 6 067 Total current assets 33 386 33 825 36 884 Total assets 103 309 104 563 107 442 Equity 47 827 44 937 48 890 Non-current liabilities Long term borrowings 20 676 20 586 20 558 Provisions for pensions and similar obligations 711 1 819 701 Provisions for taxes 862 950 832 Leasing liabilities 2 380 1 654 2 273 Other non interest bearing liabilities, external - - - Total non-current liabilitites 24 631 25 009 24 364 Current liabilities Accounts payable, trade 8 347 9 174 9 777 Short term borrowings - - - Leasing liabilities 1 180 755 1 051 Other provisions 1 996 1 836 1 873 Other current liabilities 19 329 22 852 21 487 Total current liabilities 30 852 34 617 34 188 Total Liabilities 55 483 59 626 58 552 Total Liabilities and Equity 103 309 104 563 107 442 14
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QUANT INTERIM REPORT H1 2026 Condensed Consolidated Cashflow Statement FINANCIAL STATEMENTS *Final transaction costs relating to the new share issue completed in 2025, settled during 2026. Jan-Dec KEUR 2026 2025 2025 Profit (loss) after financial items 592 -3 823 -1 464 Adjustments for non-cash items Reversal of depreciation, amortization, impairment 502 1 612 3 227 Reversal of depreciation Right of Use Assets 502 448 856 Change in provisions 57 115 -979 Unrealized exhange rate differences -1 586 625 -308 Other 543 567 -1 445 Total items not affecting cash 18 3 366 1 351 Taxes paid -574 -23 -400 Changes in Working Capital Change in inventories -46 -692 -693 Change in receivables 1 932 -3 559 -4 261 Change in liabilities -3 588 -586 -1 384 Cash flow from changes in working capital -1 701 -4 837 -6 337 CASH FLOW FROM OPERATING ACTIVITIES -1 666 -5 317 -6 850 Investing activities Change in subsidiaries - -539 -515 Change in intangible assets -1 -38 -39 Change in tangible assets -182 -100 -168 Change in financial fixed assets -40 -410 -362 CASH FLOW FROM INVESTING ACTIVITIES -222 -1 087 -1 085 Financing activities New share issue* -76 - 4 776 Dividends paid -140 - -756 Expenses related to refinancing - -2 113 -2 207 Change in loans 122 -6 000 -6 000 Change in financial leases -464 -397 -764 CASH FLOW FROM FINANCING ACTIVITIES -558 -8 510 -4 950 TOTAL CASH FLOW -2 446 -14 915 -12 885 CASH & CASH EQUIVALENTS AT BEGINNING OF PERIOD 6 067 19 049 19 049 Cash flow for the period -2 446 -14 915 -12 885 Exchange rate effects 49 -152 -97 CASH & CASH EQUIVALENTS AT END OF PERIOD 3 670 3 982 6 067 Jan-Jun 15
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QUANT INTERIM REPORT H1 2026 Condensed Parent Company Income Statement FINANCIAL STATEMENTS Parent Company Jan-Dec KEUR 2026 2025 2025 Net sales 4 466 4 879 9 511 Cost of sales -1 272 -1 756 -2 420 Gross profit 3 194 3 123 7 091 General and administrative expenses -2 476 -2 542 -5 833 Selling expenses -195 -126 -264 Other operating items 367 -261 -229 Operating profit (loss) 890 193 765 Interest income 649 592 1 221 Interest expenses -1 185 -2 260 -3 566 Other financial items -1 671 -239 -23 783 Foreign exchange gains/losses 862 -616 -143 Net financial items -1 346 -2 522 -26 270 Appropriations - - -193 Profit (loss) before tax -456 -2 329 -25 698 Tax -31 -30 -3 Net profit (loss) -487 -2 358 -25 701 Jan-Jun Jan-Dec KEUR 2026 2025 2025 Net profit (loss) -487 -2 358 -25 701 Total comprehensive income -487 -2 358 -25 701 Jan-Jun Condensed Parent Company Statement of Comprehensive Income 16
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QUANT INTERIM REPORT H1 2026 Condensed Parent Company Statement of Financial Position FINANCIAL STATEMENTS KEUR 30 Jun 2026 30 Jun 2025 31 Dec 2025 Intangible fixed assets 2 724 3 340 3 035 Tangible fixed assets - - - Financial fixed assets 75 089 80 511 75 089 Total non-current assets 77 813 83 851 78 124 Current receivables 83 941 100 921 82 653 Cash and bank 559 406 2 572 Total current assets 84 500 101 328 85 225 Total assets 162 313 185 179 163 349 Equity 126 220 145 460 126 783 Untaxed reserves - 276 - Long term borrowings 20 676 20 586 20 558 Deferred tax liability - - - Total non-current liabilitites 20 676 20 586 20 558 Accounts payable, trade 548 1 405 483 Short term borrowings - - - Other current liabilities 14 868 17 451 15 525 Total current liabilities 15 417 18 856 16 008 Total Liabilities 36 093 39 719 36 566 Total Liabilities and Equity 162 313 185 179 163 349 17
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QUANT INTERIM REPORT H1 2026 8 Alternative Performance Measures Quant uses certain alternative performance measures (APMs) not defined in the rules for financial reporting adopted by Quant. APMs, i.e. performance measures not based on financial statements standards, provide meaningful supplemental information by excluding items that may not be indicative of the operating result or cash flows of Quant. Alternative performance measures enhance comparability from period to period and are frequently used by analysts, investors and other parties. These APMs, as defined, cannot be fully compared with other companies' APMs and should not be considered as a substitute for measures of performance in accordance with IFRS. MEASURE DEFINITION REASON FOR USE EBITDA Earnings before interest, tax, depreciation and amortization, and before write-down of intangible and tangible assets. Shows the operational profitability that the business primarily can affect Adjusted EBITDA EBITDA excluding items affecting comparability (non- recurring items) and the effect of IFRS 16 Leases Related to the underlying performance and cash generation ability of the business Adjusted EBITDA Margin Adjusted EBITDA as a percentage of Net Sales Enables comparability of underlying profitability for different size segments Adjusted EBITDA IFRS 16 EBITDA excluding items affecting comparability (non- recurring items), but including the effect of IFRS 16 Leases, with expenses related to leases in Depreciation and Interest cost Related to the underlying performance and cash generation ability of the business, aligned with updated IFRS standards Net debt Interest-bearing liabilities, excluding lease liabilities, less cash and cash equivalents Indicates how much debt the group has net of cash and is an important measure for bond holders Net debt IFRS 16 Interest-bearing liabilities, including lease liabilities, less cash and cash equivalents Indicates how much debt the group has net of cash, with lease liabilities recorded as debt in accordance with IFRS 16, aligned with adjusted EBITDA IFRS 16 Net debt/adjusted EBITDA / Net Debt / Adjusted EBITDA IFRS 16 Net debt in relation to adjusted EBITDA / Net debt IFRS 16 in relation to adjusted EBITDA IFRS 16 Shows the ability to service debt, an important measure for bond holders, both without and with application of IFRS 16 Growth excluding structural and other non-recurring adjustments Growth excluding structural changes and other non- recurring adjustments shows the change in net sales, excluding changes related to acquisitions, divestments, and other non-recurring adjustments, such as accounting related changes Shows the actual growth, including currency effects, of the business Organic growth Organic growth refers to growth in net sales excluding (i) growth related to acquisitions and divestments and other non-recurring adjustments and (ii) growth related to fluctuations in currency exchange rates Shows the actual growth of the business, excluding currency effects Local currency/constant currencies Excludes the impact of changes in exchange rates when translating net sales and profits of entities with reporting currencies other than Euro, to the group currency Euro Shows growth excluding currency effects Contract Portfolio The annualized net sales of current customer contracts, adjusted for (i) signed new contracts, included at date of contract signing, irrespective of start date; (ii) terminated contracts, excluded at date of formal notification, irrespective of end date; (iii) changes formally agreed with the customers of existing contracts, included at date of agreement. This includes changes due to renewals of contracts or other reasons Shows current recurring annual net sales adjusted for short- and medium-term changes Items affecting comparability/non-recurring items Items affecting comparability are of a one-off, non- recurring, non-operational, extraordinary, unusual or exceptional nature (including restructuring expenditures). Shows the value of items which affect the comparability of Quant’s result and profitability between periods ALTERNATIVE MEASURES 18
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QUANT INTERIM REPORT H1 2026 Reconciliation of Alternative Performance Measures ALTERNATIVE MEASURES LTM Jan-Dec KEUR 2026 2025 Jun 2026 2025 Operating profit (loss) 1 201 -1 292 1 647 -845 Depreciation & amortization 1 004 2 060 3 028 4 083 Non recurring items 64 59 1 625 1 619 Adjusted EBITDA IFRS 16 2 269 827 6 300 4 857 Effect from IFRS 16 -614 -546 -1 114 -1 046 Adjusted EBITDA 1 655 281 5 186 3 811 Net sales 60 679 65 205 129 553 134 079 Adjusted EBITDA margin 2,7% 0,4% 4,0% 2,8% Jan-Jun KEUR 2026 2025 Net Debt Cash and bank 3 670 3 982 Financial assets 3 670 3 982 Long term borrowings 20 676 20 586 Short term borrowings - - Adjusted financial liabilities 20 676 20 586 Net Debt 17 006 16 604 Lease liabilities 3 560 2 409 Net Debt IFRS 16 20 567 19 012 30 Jun Jan-Jun KEUR 2026 Changes in net sales Net sales 60 679 Net sales in comparative period of previous year 65 205 Net sales, change -4 526 Minus: Structural changes and other non- recurring adjustments - Plus: Changes in exchange rates -616 Organic Growth -5 141 Structural changes and other Non-recurring adjustments, % - Organic Growth, % -7,9% Net sales 60 679 Plus: Changes in exchange rates -616 Net sales in constant currency 60 064 Adjusted EBITDA 1 655 Plus: Changes in exchange rates 44 Adjusted EBITDA in constant currency 1 699 19
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QUANT INTERIM REPORT H1 2026 9 Notes Accounting principles This interim report has been prepared under International Financial Reporting Standards (IFRS), in accordance with IAS 34 Interim Financial Reporting. The accounting policies and methods of calculation used in the preparation of the latest annual report have been applied, with the exception of new and amended standards and interpretations effective on 1 January 2026. The interim report for the Parent Company has been prepared in accordance with the Swedish Annual Accounts Act and the Swedish Securities Market Act, which is in compliance with RFR 2 Accounting for Legal Entities, issued by the Swedish Financial Reporting Board. New or revised IFRS standards that came into force in 2026 did not have any material impact on the Group’s financial reporting. The Group is monitoring the development of the new accounting standard, IFRS 18 Presentation and Disclosure in Financial Statements, which becomes effective for financial years beginning on or after 1 January 2027. An assessment of how the standard may affect the Company’s financial reporting is planned to commence during 2026. Transactions with related parties Quant AB (publ) is controlled by Robus Capital Management Limited (approximately 82 per cent of shares and votes). Other than the recapitalisation measures described under "Significant events" and remuneration to key management personnel on normal terms, there were no related-party transactions with a material effect on the Group during the period; all such transactions are on arm's length terms. Employees The average number of full-time employees (FTEs) during the first half of 2026 was 1 440 compared to 1 981 in the same period of the previous year. The number of employees as of 30 June 2026 was 1 475 compared to 2 067 a year earlier. Risks and uncertainties The significant risks and uncertainties to which the Quant Group is exposed include global economic and market risks, operational risks, technology risks, and disputes and litigation risks. A full description of the risks to which the Group is exposed can be found in Quant's Annual Report 2025. Through its operations, Quant is exposed to a number of different financial risks: market risk (including currency risk and interest rate risk), financing risk, credit risk and liquidity risk. Financial risks arise when refinancing and credit risks, as well as changes in interest rates and exchange rates, affect the Group's earnings, cash flow and value. Efficient mobilization of large contract wins, together with the ability to attract qualified personnel for these new contracts, is important in order to avoid cost overruns and penalties that may affect the Group's profitability. Changes in the geopolitical and macroeconomic environment — including trade tensions and the introduction of tariffs and reciprocal measures, higher inflation, elevated interest rates, and heightened tensions in the Middle East — may, directly or indirectly, affect the world economy and thereby the Group's earnings and cash flow. Quant has operations in the United Arab Emirates and is therefore exposed to developments in the wider Gulf region. Geopolitical uncertainty in the Middle East continues to create caution in the region, and a further escalation of tensions could affect the security of personnel, logistics and the continuity of the Group's operations there. As of the date of this report, the Group's operations in the region have continued without material disruption. The Group nevertheless continues to see significant long-term opportunities in the Gulf. Fair value of financial instruments The Group has no financial instruments that are measured at fair value in the balance sheet. For borrowing, there is no material difference between the carrying amount and fair value, as the Group’s borrowings are at variable interest rates. Nor does the Group have any other off-balance sheet financial assets or liabilities. Earnings per share Earnings per share is the profit for the period attributable to the Parent Company's shareholders divided by the weighted average number of shares outstanding. The Company has no potentially dilutive instruments, so basic and diluted earnings per share are the same. As described under "Significant events", 23,916 shares were redeemed without consideration, combined with a bonus issue (fondemission), reducing the number of shares to 228,884 while the share capital remained unchanged. The weighted average number of shares was 246,193 (Jan–Jun 2025: 5,000,000; Jan–Dec 2025: 4,628,209). Consistent with the treatment in the 2025 financial statements, the comparative per-share figures have not been restated for the share consolidation and are therefore not directly comparable with the current period. Business combinations No business combinations occurred during the period (1 January – 30 June 2026). NOTES 20
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We keep machines working through smart services for a sustainable world. For more than 35 years, Quant has been a market leader in industrial maintenance, maintaining and improving the safety, production and equipment performance for over 400 facilities worldwide. www.quantservice.com