Interim report
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Q3 / 2026 Interim Report July-September
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2 Interim Report Q3 2026 Contents Introduction Summary CEO comment About Salix Group Consolidated financial trend Business area Home & Fittings Business area Consumables Trade & Agriculture Business area Construction & Packaging Solutions Other information Declaration by the Board Financial statements Group Condensed consolidated income statement Consolidated statement of comprehensive income Condensed consolidated statement of financial position Consolidated statement of changes in equity Condensed consolidated cash flow statement Key figures Notes to the consolidated financial statements Parent company Condensed income statement Condensed statement of financial position Quarterly overview Review report Contacts This report has been prepared in Swedish and translated into English. The English version is provided for convenience only. In the event of any discrepancy between the two versions, the Swedish version shall prevail. 03 05 06 07 10 11 12 13 14 15 16 17 18 19 20 21 31 31 32 33 34
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3 Interim Report Q3 2026 Introduction Interim Report July-September 2026 Summary Condensed consolidated income statement SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales 1,236 1,031 3,618 3,158 4,575 4,115 Gross margin 439 341 1,260 1,012 1,594 1,346 Gross margin, % 35% 33% 35% 32% 35% 33% EBITA 173 128 382 316 466 400 EBITA margin, % 14% 12% 11% 10% 10% 10% Items affecting comparability, SEK million 0 3 -81 -9 -84 -11 Operating profit (EBIT) 153 114 328 275 398 346 Profit after tax 82 72 183 157 220 194 Operating cash flow 72 156 178 214 404 441 EBITA/TWC, % 42% 34% 42% 34% 42% 38% ROCE excl goodwill, % 38% 31% 38% 31% 38% 35% ROCE incl goodwill, % 18% 15% 18% 15% 18% 17% Net Debt/Adjusted EBITDA, x 2.8 2.9 2.8 2.9 2.8 2.2 Basic earnings per ordinary share, SEK 1.00 0.87 2.21 1.90 2.65 2.34 Diluted earnings per ordinary share, SEK 0.99 0.87 2.20 1.90 2.64 2.34 Return on equity, % 19% 14% 19% 14% 19% 17% The quarter July-September 2026 • Net sales increased by 20 per cent to SEK 1,236 million (1,031) • EBITA rose by 35 per cent to SEK 173 million (128) and the EBITA margin stood at 14 per cent (12) • Profit for the period increased by 13 per cent to SEK 82 million (72) • Earnings per share before dilution amounted to SEK 1.00 (0.87) and earnings per share after dilution amounted to SEK 0.99 (0.87) • Operating cash flow amounted to SEK 72 million (156) • Arvid Nilsson was acquired with annual net sales of approximately SEK 250 million The period January-September 2026 • Net sales increased by 15 per cent to SEK 3,618 million (3,158) • EBITA rose by 21 per cent to SEK 382 million (316) and the EBITA margin stood at 11 per cent (10) • Profit for the period increased by 17 per cent to SEK 183 million (157) • Earnings per share before dilution amounted to SEK 2.21 (1.90) and earnings per share after dilution amounted to SEK 2.20 (1.90) • Operating cash flow amounted to SEK 178 million (214) Events after the reporting period No significant events have occurred since the end of the reporting period.
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4 Interim Report Q3 2026 Financial targets and results for Q3 Summary 13% Net sales growth LTM TARGET: AT LEAST 15% - - - - - - - - - - - - - - - - - - - 10% EBITA margin LTM TARGET: AT LEAST 12% - - - - - - - - - - - - - - - - - - - 42% EBITA/TWC TARGET: AT LEAST 40% - - - - - - - - - - - - - - - - - - - 2.8 ggr Net debt/Adjusted EBITDA TARGET: 2-3x - - - - - - - - - - - - - - - - - - - Salix Group’s financial targets are designed to support the continued success of our operations in line with our business model. The targets should be assessed on an overall basis. Introduction
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5 Interim Report Q3 2026 Introduction CEO comment EBITA rose by 35 per cent to SEK 173 million in the quarter, driven by organic growth, acquisitions and improved gross margins The group continued to grow, with net sales increasing by 20 per cent in the quarter, of which 4 per cent was organic. EBITA rose by 35 per cent to SEK 173 million and all business areas reported improved gross margins. Our position in fasteners was st- rengthened through the acquisition of Arvid Nilsson. During the quarter, planning per- mission was also granted for the logistics centre in Malmö – an important step forward in our strategy to optimise operations. Good financial performance and continued organic growth Net sales for the quarter increased by 20 per cent to SEK 1,236 million, driven by both acquisitions and organic growth. Organic growth stood at 4 per cent, marking another quarter of positive organic growth. EBITA amounted to SEK 173 million, representing an increase of 35 per cent, driven primarily by higher net sales and an improved gross margin. The EBITA margin stood at 14 per cent for the quarter and at 10 per cent for the last twelve months. EBITA/TWC stood at 42 per cent, an improvement of 8 percenta- ge points compared with the previous year, and we continue to meet our financial target. Strengthened position in fasteners During the quarter, we acquired Arvid Nils- son, a leading Nordic specialist supplier of fasteners with annual net sales of approx- imately SEK 250 million. Arvid Nilsson is an add-on acquisition to the Consumables Trade & Agriculture business area and complements our existing fasteners busi- ness in Heco. Together, the companies can offer our customers a more comprehensive range of both construction and industrial fasteners. We also see good opportunities to realise synergies from the acquisition, particularly on the purchasing side. Acquisitions are a key part of Salix’s stra- tegy, and over the last twelve months we have acquired profitable businesses with combined annual net sales of approximately SEK 730 million, further strengthening the group’s growth potential going forward. Continued margin improvement and investment in scalable logistics The gross margin for the quarter stood at 35 per cent, an increase of 2 percentage points compared with the same period last year. Among other things, we are seeing the effects of disciplined work on strategic pricing. The EBITA margin also strengthened during the quarter, and we are continuing our work to optimise and streamline opera- tions – within the Construction & Packaging Solutions business area, two business units were merged, which will contribute to ope- rational improvements over time. During the quarter, planning permission was granted for our new logistics centre in Malmö. The logistics centre is an investment within Salix Network Model, our strate- gic framework for optimising the group’s logistics and distribution, which we will lease from our current landlord. The Malmö facility will bring together the warehousing and logistics operations of three companies and create the conditions for further scalability in the region. The investment is not expected to exceed SEK 150 million. The bulk of the investment will be made in the second half of 2027, and we expect a good return over time. The logistics centre is expected to be completed at the end of 2027. Business areas performing well during the quarter Consumables Trade & Agriculture repor- ted net sales of SEK 448 million for the quarter, an increase of 8 per cent compa- red with the same period last year. EBITA amounted to SEK 62 million, representing a decrease of 4 per cent compared with the previous year. However, the previous year was positively impacted by the reversal of contingent consideration of SEK 11 million. The DIY-related segments continue to drive increased volumes, whilst the professional and industry-related segments are slightly later in the cycle. The integration of Arvid Nilsson into the business area is proceeding according to plan. During the quarter, net sales in Home & Fittings amounted to SEK 376 million, representing an increase of 2 per cent compared with the previous year. EBITA for the quarter rose by 24 per cent to SEK 71 million. Customer and product mix, together with favourable currency effects, contribu- ted to margin growth and the improvement in earnings during the quarter. Net sales for Construction & Packaging Solutions increased by 64 per cent compa- red with the previous year, reaching SEK 418 million, driven primarily by the acquisition of Laydex. EBITA amounted to SEK 50 million, representing an increase of 136 per cent, which was also driven primarily by the ac- quisition of Laydex. During the quarter, some recovery was seen in the industry-related segments, particularly in the Swedish market. Disciplined growth for long-term value creation The debt ratio stood at 2.8x at the end of the quarter, compared with 2.9x at the end of the second quarter. Despite the acquisition of Arvid Nilsson, the debt ratio improved compared with the previous quarter, driven by improved profitability and operating cash flow of SEK 72 million during the quarter. This is in line with the historical seasonal pattern of our business, in which the second half of the year, and the fourth quarter in particular, has been the strongest in terms of cash flow. We continue to actively work on our acquisition pipeline and have a good overview of a large number of companies that meet our criteria. We acquire with the same discipline as before – at reasonable valuations and with financing that, as a star- ting point, keeps us within our target range. We are closely monitoring developments in the wider world, including the conflict in the Middle East and its potential impact on our operations. We are also monitoring the performance of the Swedish krona, parti- cularly against the EUR and USD. Through the acquisition of Laydex earlier this year, we have reduced our net exposure to the EUR at EBITA level, making us slightly less sensitive to currency fluctuations. With another positive quarter behind us, we are confident that our strategy is working. We are growing both organically and through acquisitions, with improved profitability. With Arvid Nilsson and Laydex in place, a new logistics centre for continued scalability on the way and a strong acqui- sition pipeline, we have established a solid foundation for continued profitable growth. Martin Hansson, President and CEO
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6 Interim Report Q3 2026 Successful businesses with strong brands About Salix Group Salix Group is a customer- focused trading group that creates value through acquisitions and organic initiatives. The Group consist of three business areas. In addition, Salix Business Partner acts as a service provider to the companies within the Group. The Group offers products for the construction and industrial sectors, primarily fittings, consumables, building materials and packaging, as well as a wide range of products for the home and garden, and for agriculture and forestry. The product range consists of both the Group’s own market-leading brands and distributed brands. The main market is the Nordic region, with a focus on Sweden, which accounts for the majority of turnover. The largest customer segment is builders’ merchants and the construc- tion-related industry, which accounted for approximately 70 per cent of turnover in 2025. Other customer segments in- clude other retail, as well as forestry and agricultural operators. Sales are made via retailers, retail chains, e-commerce channels and direct sales to customers. The majority of our turnover comes from the professional and industrial segments, whilst a smaller portion is attributable to the consumer segment. Acquisitions are a key part of Salix Group’s strategy for long-term value-creating growth. The acquisition process is based on a structured and method-driven model for identifying, evaluating and further developing companies with strong industrial logic. All acquisitions are based on clear financial criteria and focus on sustainable cash flows and re- turns. Salix Group is selective, disciplined and only carries out transactions where the company fits strategically and where the right conditions exist to create value. Introduction Business area Home & Fittings Business area Consumables Trade & Agriculture Business area Construction & Packaging Solutions
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7 Interim Report Q3 2026 Financial trend, group Condensed financial trend Introduction SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales, SEK million 1,236 1,031 3,618 3,158 4,575 4,115 Net sales growth, % 20% 19% 15% 17% 13% 15% Gross profit, SEK million 439 341 1,260 1,012 1,594 1,346 Gross margin, % 35% 33% 35% 32% 35% 33% EBITA, SEK million 173 128 382 316 466 400 EBITA margin, % 14% 12% 11% 10% 10% 10% Items affecting comparability, SEK million 0 3 -81 -9 -84 -11 EBITA/TWC, % 42% 34% 42% 34% 42% 38% ROCE excl goodwill, % 38% 31% 38% 31% 38% 35% ROCE incl goodwill, % 18% 15% 18% 15% 18% 17% Operational cash flow, SEK million 72 156 178 214 404 441 Net Debt/Adjusted EBITDA, x 2.8 2.9 2.8 2.9 2.8 2.2 Net sales LTM, SEK m EBITA LTM, SEK m and EBITA% LTM 0% 2% 4% 6% 8% 10% 12% -30 20 70 120 170 220 270 320 370 420 470 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 2024 2025 2026 0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 4 500 5 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 2024 20252 026 0% 2% 4% 6% 8% 10% 12% -30 20 70 120 170 220 270 320 370 420 470 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 2024 2025 2026 0 500 1 000 1 500 2 000 2 500 3 000 3 500 4 000 4 500 5 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 2024 20252 026
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8 Interim Report Q3 2026 Introduction Net sales JULY-SEPTEMBER In the third quarter, net sales amounted to SEK 1,236 million (1,031), which represented an increase of 20 per cent compared with the corresponding quarter of the previous year and was driven by both organic and acquired growth. Organic net sales growth amounted to 4 per cent compared with the same period the previous year. JANUARY-SEPTEMBER During the period January to September, net sales amounted to SEK 3,618 million (3,158), representing an increase of 15 per cent compared with the same period last year and driven by both organic and acquired growth. Organic net sales growth amounted to 5 per cent compared with the same period the previous year. Gross profit JULY-SEPTEMBER Gross profit for the period amounted to SEK 439 million (341) and the gross margin to 35 per cent (33). The improvement compared with the same period last year was mainly driven by strategic pricing and favourable currency effects. JANUARY-SEPTEMBER Gross profit amounted to SEK 1,260 million (1,012) and the gross margin to 35 per cent (32) in the period January to September. The improvement in the gross margin compared with the same period last year was mainly driven by strategic pricing and favourable currency effects. EBITA JULY-SEPTEMBER EBITA rose by 35 per cent to SEK 173 million (128) and the EBITA margin for the period stood at 14 per cent (12). EBITA excluding Items affecting compa- rability for the period amounted to SEK 173 million (125), representing an increase of 39 per cent compared with the same period last year and an EBITA margin, adjusted for items affecting comparability, of 14 per cent (12). The improvement in margins is primarily due to improved gross margins and efficiency measures within the group. Organic EBITA growth for the period amounted to 19 per cent. JANUARY-SEPTEMBER Accumulated EBITA as at the end of September amounted to SEK 382 million (316), corresponding to growth of 21 per cent. The EBITA margin for the period amounted to 11 per cent (10). Accumulated EBITA excluding Items af- fecting comparability amounted to SEK 463 million (325), which represented an increase of 43 per cent compared with the same period last year, as well as an EBITA margin, adjusted for items affecting comparability, of 13 per cent (10). The improvement in margins is primarily a result of improved gross margins and efficiency measures within the group. Organic EBITA growth for the period amounted to 29 per cent. Net financial items JULY-SEPTEMBER Net financial items amounted to SEK -45 million (-25) during the third quarter, comprising net costs for bank financing amounting to SEK -18 million (-17), exchange rate effects on financial items amounting to SEK -10 million (-3) which for the most part are unrealised, discounting and exchange rate effects attributable to deferred consi- derations amounting to SEK -13 million (-1), interest on lease liabilities amounting to SEK -4 million (-4) and other items amounting to SEK -1 million (0). JANUARY-SEPTEMBER During the period January to September, net financial items amounted to SEK -91 million (-80). This comprised costs for bank finan- cing of SEK -41 million (-52), exchange rate effects on financial items of SEK -20 million (-10) which for the most part are unrealised, discounting and exchange rate effects att- ributable to deferred considerations of SEK -14 million (-3), interest on lease liabilities amounting to SEK -11 million (-12) and other items of SEK -5 million (-3). Net income JULY-SEPTEMBER Net income for the third quarter amounted to SEK 82 million (72). JANUARY-SEPTEMBER During the period January to September, the group’s net income rose to SEK 183 million (157). Items affecting comparability JULY-SEPTEMBER Items affecting comparability during the quarter amounted to SEK 0 million (3), of which SEK -3 million (0) was attributable to transaction costs and SEK 3 million (-7) to restructuring costs. Transaction costs of SEK 3 million were attributable to the acquisition of Arvid Nilsson. Restructuring costs of SEK 3 million related to the reversal of a provision for the restructuring in Finland. In the comparative period, a contingent additional consideration of SEK 11 million was reversed. The compa- rative period also included other items affec- ting comparability of SEK -2 million. JANUARY-SEPTEMBER Items affecting comparability during the period January to September amounted to SEK -81 million (-9), of which SEK -43 million (0) was attributable to costs in con- nection with the listing, SEK -20 million (-1) to transaction costs, SEK -18 million (-15) to restructuring costs, and SEK -1 million (12) to the translation effect of additional consi- derations and the reversal of contingent additional consideration. The comparative period also included other items affecting comparability of SEK -5 million. Cash flow JULY-SEPTEMBER Cash flow from operating activities for the third quarter amounted to SEK 51 million (144). Cash conversion for the quarter amounted to 40 per cent (118). Total cash flow for the period amounted to SEK -91 million (113). During the quarter, an acquisition was completed and payments
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9 Interim Report Q3 2026 Introduction relating to previous acquisitions were made, impacting cash flow from investing activi- ties by SEK -89 million. No additional loans were taken out in connection with the acquisition. JANUARY-SEPTEMBER During the period January to September, cumulative cash flow from operating activi- ties amounted to SEK 122 million (151). The group’s cash flow is strongly influen- ced by seasonal variations, with a negative impact on cash flow from inventory build- up ahead of the season in the first quarter, as well as increased trade receivables during the peak season. Cash conversion for the period amounted to 45 per cent (65). Total cash flow for the period amounted to SEK -82 million (-153). EBITA/TWC As at the end of September, EBITA/TWC stood at 42 per cent, an improvement of 8 percentage points compared with the same period last year. This improvement is attributable to increased profitability, acqui- sitions of companies with a relatively high return on working capital, and the effects of structured and targeted efforts to streamline capital utilisation across all group compa- nies. EBITA/TWC was, however, impacted by items affecting comparability, as the key figure is calculated including these. Net debt The group’s net debt amounted to SEK 1,779 million at the end of the period, compared with SEK 1,170 million at the end of the same period the previous year. This corresponded to a Net debt-to-Adjusted EBITDA LTM ratio of 2.8 times (2.9). Equity The group’s equity at the end of the period amounted to SEK 1,080 million, compared with SEK 1,194 million at the end of the same period the previous year. During the year, a dividend of SEK 400 million was paid to Volati AB. Revaluation of the liability for put options issued to non-controlling interests amounted to SEK -27 million. Return on equity, calculated on the basis of rolling full-year profit and average equity over the last 12-month period, stood at 19 per cent as at the end of September, compared with 14 per cent at the end of September the previous year. The group’s equity ratio stood at 23 per cent on 30 September 2026, compared with 31 per cent on 30 September 2025. Investments Net investment in fixed assets amounted to SEK 7 million (6) during the quarter and to SEK 18 million (13) for the period January to September. The investments mainly related to a new warehouse management system, upgrading ERP systems and investments in warehousing and logistics operations. Seasonal fluctuations Salix’s net sales, profit and cash flow are affected by seasonal fluctuations. This means that sales and profit trends should be analysed on a rolling 12-month basis. Historically, the second and third quarters have seen the highest net sales and the highest operating profit. Operating cash flow is affected by lower profitability during the low season and inventory build-up during the first quarter ahead of the high season. Acquisitions and divestments Acquisitions are a key part of Salix’s stra- tegy for generating long-term value growth, and the company continuously evaluates both complementary add-on acquisitions and acquisitions in new business segments. Salix considers the risk to be lower for add- on acquisitions than for acquisitions in new business segments, as there is already in- depth industry knowledge and a receiving organisation within the acquiring company. Add-on acquisitions also enable synergies. During the third quarter of 2026, the ac- quisition of Arvid Nilsson, a leading Nordic specialist supplier of fastenings with annual net sales of approximately SEK 250 million, was completed. Arvid Nilsson forms part of the Consumables Trade & Agriculture business area.
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10 Interim Report Q3 2026 Business area Home & Fittings Development of the business areas Financial trend Introduction SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales, SEK million 376 370 1,170 1,146 1,531 1,507 Net sales growth, % 2% 40% 2% 44% 6% 38% EBITA, SEK million 71 57 178 142 232 197 EBITA margin, % 19% 15% 15% 12% 15% 13% Items affecting comparability, SEK million 3 -6 -19 -14 -20 -15 EBITA/TWC, % 51% 35% 51% 35% 51% 42% The business area offers fittings, interior design details and solutions for homes, projects and commercial environments, where design and functionality take centre stage. Net sales for the business area increased by 2 per cent to SEK 376 million (370) during the third quarter of 2026. EBITA rose to SEK 71 million (57), an impro- vement of 24 per cent. The EBITA margin increased to 19 per cent (15). The impro- vement in the margin is primarily the result of efforts relating to strategic pricing and favourable currency effects. EBITA was positively affected by SEK 3 million attributable to the reversal of a restructuring provision relating to the restructuring in Finland. EBITA/TWC stood at 51 per cent (35) at the end of September 2026. The improvements are explained by increased profitability combined with efforts to streamline working capital.
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11 Interim Report Q3 2026 Business area Consumables Trade & Agriculture Development of the business areas Financial trend Introduction SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales, SEK million 448 414 1,315 1,201 1,652 1,538 Net sales growth, % 8% 17% 9% 10% 8% 8% EBITA, SEK million 62 65 164 137 181 154 EBITA margin, % 14% 16% 12% 11% 11% 10% Items affecting comparability, SEK million -3 11 -3 10 -2 11 EBITA/TWC, % 42% 34% 42% 34% 42% 36% The business area offers a wide range of construction-related products, hardware and technical supplies to professional customers in the construction, industrial, agricultural and retail sectors. Net sales for the quarter amounted to SEK 448 million (414), representing an increase of 8 per cent compared with the corresponding period last year. Growth was mainly driven by acquisitions, but positive developments in the DIY market also contributed to growth. EBITA for the quarter amounted to SEK 62 million (65), representing EBITA growth of -4 per cent compared with the same period the previous year. In the comparative period, EBITA was positively affected by SEK 11 million attributable to the reversal of contingent additional consideration. The EBITA margin stood at 14 per cent (16). Adjusted for the reversal of contingent additional consideration, the EBITA margin improved, mainly driven by an improved customer mix, favourable currency effects and strategic pricing. EBITA/TWC stood at 42 per cent (34) at the end of September 2026. These improve- ments are the result of increased inventory turnover, improved payment terms and improved profitability.
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12 Interim Report Q3 2026 Business area Construction & Packaging Solutions Development of the business areas Financial trend Introduction SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales, SEK million 418 255 1,151 832 1,416 1,097 Net sales growth, % 64% -0% 38% 1% 29% 0% EBITA, SEK million 50 21 115 70 132 88 EBITA margin, % 12% 8% 10% 8% 9% 8% Items affecting comparability, SEK million 0 0 -17 0 -17 0 EBITA/TWC, % 53% 50% 53% 50% 53% 50% The business area specialises in products and solutions for the construction sector, industry and customised packaging. Net sales for the third quarter amounted to SEK 418 million, compared with SEK 255 million in the same period last year, representing an increase of 64 per cent. Growth was primarily driven by acquisi- tions, but also by organic growth. EBITA amounted to SEK 50 million (21) during the quarter, representing EBITA growth of 136 per cent. Growth was pri- marily driven by acquisitions, but organic EBITA growth was also reported in the period. The EBITA margin stood at 12 per cent (8), with the improvement in profita- bility primarily explained by acquisitions. EBITA/TWC stood at 53 per cent (50) at the end of September 2026. The change is explained by increased profitability, efforts to streamline working capital, and acquisitions with a relatively high return on working capital.
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13 Interim Report Q3 2026 Other information Introduction Financial calendar Year-end Report 16 February 2027 - - - - - - - - Annual Report 2026 9 April 2027 - - - - - - - - Interim Report January-March 2027 3 May 2027 - - - - - - - - Annual General Meeting 2027 4 May 2027 - - - - - - - - Interim Report January-June 2027 16 July 2027 Share capital As at the end of the third quarter of 2026, the number of shareholders stood at 6,523. The number of ordinary shares stood at 81,624,908 as at 30 September 2026. Share capital amounted to SEK 500,000 on the same date. Head office The head office comprises the central costs of the parent company Salix Group AB and related operations. Excluding items affecting comparability, costs for the third quarter for the head office amounted to SEK -10 million (-6) and for the period January to September to SEK -29 million (-19). Related party transactions During the period January–September, the group’s companies carried out transactions between their subsidiaries. Transactions are conducted on an arm’s length basis and at market rates between the parties. The transactions have taken place at subsidiary level; in other words, the parent company was not a party to the agreements. In connection with the separate listing in June, the interest-bearing short-term loan previously held with Volati was settled. On 27 April 2026, holders of warrants exercised their warrants to subscribe for 134,999 new shares. The subscription price was SEK 48 per share, which raised SEK 6.5 million for the group before issue costs. Furthermore, a dividend of SEK 4.90 per share was approved and paid during the period, corresponding to a total of SEK 399,962,049. During the period, the subsidiary Salix Hem & Beslag AB repurchased 2,400 shares in Timberman Holding A/S from a key employee. During the period, 7,295 shares in Salix Hibernia Holding AB were divested to a key employee through a set-off issue. Significant events during the quarter All shares in Arvid Nilsson were acquired on 18 August and the transaction was completed on 31 August 2026. Arvid Nilsson is a leading Nordic specialist supplier of fastenings with annual net sales of approximately SEK 250 million. Arvid Nilsson is an add-on acquisition to the Consumables Trade & Agriculture business area. Upon completion, SEK 116 million was paid in cash, and a fixed deferred purchase price of SEK 44 million remains to be paid in Q4. In addition, there is a contingent variable additional consi- deration of a maximum of SEK 40 million, to be paid in 2028. Events after the reporting period No significant events have occurred since the end of the reporting period.
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14 Interim Report Q3 2026 Declaration by the Board The Board of Directors and the CEO hereby confirm that this 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 material risks and uncertainties facing the Parent Company and Group companies. For more information, please contact: Martin Hansson, CEO Salix Group AB 073-345 12 25 martin.hansson@salixgroup.se Salix Group AB (publ) Corporate reg. no. 559016–1500 Propellergatan 2, 211 15 Malmö www.salixgroup.se Patrik Wahlén Chairman of the Board Andreas Stenbäck Board member Christina Tillman Board member Maria Edsman Board member Mattias Björk Board member Martin Hansson CEO Salix Group AB The Board of Directors and CEO Malmö 21 October 2026 Financial information This interim report has been reviewed by the Company’s auditors. See the auditors’ Review Report, page 33. This information is information that Salix Group AB (publ) is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication on 21 October 2026 at 07:45 CEST by the contact persons listed below.
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15 Interim Report Q3 2026 Condensed consolidated income statement Group Financial information SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Operating income Net sales 1,236 1,031 3,618 3,158 4,575 4,115 Operating expenses Goods for resale -797 -690 -2,358 -2,145 -2,981 -2,769 Other external expenses -78 -56 -241 -180 -309 -248 Personnel expenses -158 -143 -503 -451 -659 -607 Other operating income and expenses 1 11 -50 9 -51 8 EBITDA 204 153 466 391 575 500 Depreciation excl. Acquired fair value adjustments -31 -25 -84 -75 -109 -100 EBITA 173 128 382 316 466 400 Acquisition-related amortisation -20 -14 -54 -40 -68 -54 EBIT 153 114 328 275 398 346 Finance income and costs Finance income and costs -45 -25 -91 -80 -100 -89 Profit before tax 108 89 236 196 298 257 Tax -26 -16 -53 -39 -78 -64 Profit for the period 82 72 183 157 220 194 Attributable to: Owners of the Parent 81 71 180 155 216 191 Non-controlling interests 1 1 3 2 4 3 82 72 183 157 220 194 Earnings per share Basic earnings per share, SEK 1.00 0.87 2.21 1.90 2.65 2.34 Diluted earnings per share, SEK 0.99 0.87 2.20 1.90 2.64 2.34 No of ordinary shares* 81,624,908 81,489,909 81,624,908 81,489,909 81,624,908 81,489,909 * The number of shares has been adjusted retrospectively following the cancellation of 18,510,091 shares from the 100,000,000 shares resolved upon at the extraordinary general meeting of the parent company on 25 February 2026.
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16 Interim Report Q3 2026 Consolidated statement of comprehensive income Group Financial information SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Profit for the period 82 72 183 157 220 194 Items that may be reclassified subsequently to profit or loss Translation differences for the period 49 -2 102 -30 83 -49 Total 49 -2 102 -30 83 -49 Total Comprehensive Income for the period 131 70 285 127 303 145 Attributable to: Owners of the Parent 129 70 278 125 296 143 Non-controlling interest 2 0 7 2 7 2
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17 Interim Report Q3 2026 Condensed consolidated statement of financial position Group Financial information SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 ASSETS Non-current assets Intangible assets 2,175 1,681 1,664 Property, plant and equipment 56 34 30 Right-of-use assets 289 258 253 Financial assets 0 0 0 Deferred tax assets 27 14 13 Total non-current assets 2,547 1,986 1,961 Current assets Inventories 1,005 779 777 Trade receivables 931 681 506 Other current liabilities 131 379 141 Cash and cash equivalents 169 45 220 Total current assets 2,235 1,884 1,645 Total assets 4,782 3,870 3,606 EQUITY AND LIABILITIES Equity Equity attributable to owners of the Parent 1,036 1,177 1,197 Non-controlling interests 44 17 17 Total equity 1,080 1,194 1,215 Liabilities Non-current intererst-bearing liabilities 1,917 - - Non-current lease liabilities 211 186 187 Other non-current liabilities and provisions 89 41 44 Defererred tax liability 257 201 194 Total non-current liabilities 2,473 428 426 Current interest-bearing liabilities to group companies 0 1,463 1,048 Current lease liabilities 82 78 74 Trade payables 548 397 403 Other current liabilities 599 310 440 Total current liabilities 1,229 2,248 1,965 Total liabilities 3,702 2,676 2,391 Total equity and liabilities 4,782 3,870 3,606
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18 Interim Report Q3 2026 Consolidated statement of changes in equity Group Financial information SEK million Owners of the Parent Non-controlling interests Total equity Closing balance, 31 Dec 2024 1,055 15 1,070 Profit for the period 155 2 157 Other comprehensive income -30 - -30 Comprehensive income for the period 125 2 128 Revaluation of liability for put option issued to non-controlling interest -4 - -4 Closing balance, 30 Sep 2025 1,177 17 1,194 SEK million Owners of the Parent Non-controlling interests Total equity Closing balance, 31 Dec 2025 1,197 17 1,215 Profit for the period 180 3 183 Other comprehensive income 98 4 102 Comprehensive income for the period 278 7 285 Share issue* 6 - 6 Dividend -400 - -400 Business acquisitions and issuance of liability for put option issued to non-controlling interest -34 34 0 Exercise of put-option by non-controlling interest 15 -15 0 Revaluation of liability for put option issued to non-controlling interest -27 - -27 Closing balance, 30 Sep 2026 1,036 44 1,080 * A share issue has been carried out following the exercise of warrants to subscribe for new shares.
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19 Interim Report Q3 2026 Condensed consolidated cash flow statement Group Financial information SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Operating activities Profit before tax 108 89 236 196 298 257 Adjustment for non-cash items 79 54 218 182 263 226 Interest paid and received, excl. Interest on lease liabilities -18 -17 -41 -52 -49 -60 Interest paid on lease liabilities -4 -4 -12 -12 -16 -16 Income tax paid -15 -17 -69 -71 -70 -72 Cash flow from operating activities before changes in working capital 149 105 332 242 427 336 Cash flow from changes in working capital Change in inventories -6 61 -57 66 -61 62 Change in operating receivables 16 9 -252 -201 -86 -35 Change in operating liabilities -108 -31 99 44 86 31 Cash flow from changes in working capital -98 39 -210 -91 -61 58 Cash flow from operating activities 51 144 122 151 366 394 Investing activities Acquisitions and disposals of operations and subsidiaries -89 - -430 -37 -430 -37 Net investments in property, plant & equipment and intangible assets -7 -6 -18 -13 -23 -18 Cash flow from investing activities -97 -6 -448 -49 -454 -55 Financing activities Share issuance* - - 6 - 6 - Dividend - - -400 - -400 - New borrowings and repayment of borrowings, excl. lease liabilities -18 -4 712 -191 399 -505 Repayment of lease liabilities -27 -21 -75 -63 -96 -84 Cash flow from financing activities -45 -26 244 -255 -90 -589 Cash flow for the period -91 113 -82 -153 -178 -250 Cash and cash equivalents at beginning of period 242 213 220 487 325 487 Exchange differences 18 0 30 -9 22 -17 Cash and cash equivalents at end of period 169 325 169 325 169 220 * A share issue has been carried out following the exercise of warrants to subscribe for new shares.
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20 Interim Report Q3 2026 Key figures Group Financial information SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales, SEK million 1,236 1,031 3,618 3,158 4,575 4,115 Net sales growth, % 20% 19% 15% 17% 13% 15% Organic net sales growth, % 4% 8% 5% 5% 4% 4% Gross margin, SEK million 439 341 1,260 1,012 1,594 1,346 Gross margin, % 35% 33% 35% 32% 35% 33% EBITDA, SEK million 204 153 466 391 575 500 EBITA, SEK million 173 128 382 316 466 400 EBITA margin, % 14% 12% 11% 10% 10% 10% EBITA growth, % 35% 52% 21% 44% 30% 53% Organic EBITA growth, % 19% 32% 29% 21% 34% 29% Items affecting comparability, SEK million 0 3 -81 -9 -84 -11 EBITA excl. Items affecting comparability 173 125 463 325 550 411 EBITA/trade working capital, % 42% 34% 42% 34% 42% 38% ROCE excl goodwill, % 38% 31% 38% 31% 38% 35% ROCE incl goodwill, % 18% 15% 18% 15% 18% 17% Profit after tax, SEK million 82 72 183 157 220 194 Return on equity, % 19% 14% 19% 14% 19% 17% Equity ratio, % 23% 31% 23% 31% 23% 34% Cash conversion, % 40% 118% 45% 65% 84% 106% Operating cash flow, SEK million 72 156 178 214 404 441 Net Debt/Adjusted EBITDA, x 2.8 2.9 2.8 2.9 2.8 2.2 Number of FTEs 761 661 761 661 761 663 No of shares outstanding, thousands* 81,625 81,490 81,625 81,490 81,625 81,490 * The number of shares has been adjusted retrospectively following the cancellation of 18,510,091 shares from the 100,000,000 shares resolved upon at the extraordinary general meeting of the parent company on 25 February 2026.
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21 Interim Report Q3 2026 Note 1 / Accounting principles The Group applies IFRS Accounting Standards as adopted by the EU. This interim report has been prepared for the Group in accordance with IAS 34 Interim Financial Reporting. The report for the Parent Company has been prepared in accordance with the Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities. The accounting principles and calculation methods applied in the preparation of this interim report are consistent with the accounting principles set out in Note 1 to the historical financial information for the financial years 2025, 2024 and 2023, which are presented in the com- pany’s prospectus for the admission to trading of the shares in Salix Group AB on Nasdaq Stockholm dated 27 May 2026. Certain amounts in this report have been rounded, which means that some tables may not appear to total correctly. This is the case, for example, when amounts are stated in thousands, millions or billions. Pages 1–13 of this report form an integral part of the interim report. IFRS 18 and related amendments to other standards shall be applied for financial years beginning on 1 January 2027 or later, with retrospective application. The new standard, which has been adopted by the EU, replaces IAS 1. The standard does not affect the recognition or measurement of items in the financial statements, but merely introduces changes to presentation and disclosures. An analysis of the standard’s impact on the group is currently underway. The standard has not been adopted early. No other new or amended accounting standards or interpreta- tions approved for application from 2026 onwards are expected to have any material effect on the group’s financial statements. Note 2 / Risks and uncertainties Risks and uncertainties relate to economic conditions, exposu- re to certain sectors, macroeconomic factors, transport costs, structural changes in the market and seasonal variations. Salix Group is also exposed to financial risks such as currency risks, interest rate risks, credit risks and counterparty risks. Salix Group is closely monitoring global developments. For a description of the Group’s other material risks and uncertainties, which are assessed to be unchanged, please refer to the detai- led description in the company’s prospectus for the admission to trading of the shares in Salix Group AB on Nasdaq Stockholm dated 27 May 2026. Notes to the consolidated financial statements Group Financial information
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22 Interim Report Q3 2026 Note 3 / Segment reporting Financial information Net sales, SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Home & Fittings 376 370 1,170 1,146 1,531 1,507 Consumables Trade & Agriculture 448 414 1,315 1,201 1,652 1,538 Construction & Packaging Solutions 418 255 1,151 832 1,416 1,097 Internal eliminations -6 -8 -18 -21 -24 -27 Total net sales 1,236 1,031 3,618 3,158 4,575 4,115 Geographical distribution of net sales Jul-Sep 2026, SEK million Sweden Denmark Norway Finland Ireland Other Eliminations within business areas Summa Home & Fittings 137 106 72 59 - 9 -7 376 Consumables Trade & Agriculture 435 10 8 11 - 1 -17 448 Construction & Packaging Solutions 212 - 68 - 140 - -2 418 Eliminations between business areas -6 - - - - - - -6 Total net sales 778 116 148 70 140 10 -26 1,236 Geographical distribution of net sales Jul-Sep 2025, SEK million Sweden Denmark Norway Finland Ireland Other Eliminations within business areas Summa Home & Fittings 138 105 61 62 - 10 -6 370 Consumables Trade & Agriculture 405 7 1 12 - 2 -13 414 Construction & Packaging Solutions 191 - 65 - - - -1 255 Eliminations between business areas -8 - - - - - - -8 Total net sales 726 112 127 74 - 12 -20 1,030 EBITA, SEK million Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Home & Fittings 71 57 178 142 232 197 Consumables Trade & Agriculture 62 65 164 137 181 154 Construction & Packaging Solutions 50 21 115 70 132 88 Central costs -10 -15 -74 -33 -80 -39 Total EBITA 173 128 382 316 466 400 Acquisition-related amortisation -20 -14 -54 -40 -68 -54 Net financial items -45 -25 -91 -80 -100 -89 Profit before tax 108 89 236 196 298 257
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23 Interim Report Q3 2026 Financial information Note 4 / Business aquisitions If the acquisitions had been consolidated with effect from 1 January 2026, their contributions to the Groups’s income statement, without deduction for transactions costs, for the period 1 January to 30 September would have been as follows: sales SEK 653 million, EBITDA 90 SEK million, EBITA SEK 75 million. Impact of acquisitions on income statement incl. Items affecting comparability, SEK million Net sales EBITDA EBITA Profit for the period Home & Fittings - - - - Consumables Trade & Agriculture 26 7 5 3 Construction & Packaging Solutions 287 56 49 41 Impact of acquisitions on balance sheet (SEK million) Laydex Forbruks- varer Industri Arvid Nilsson Totalt Intangible assets 256 - 55 311 Property plant & equipment 13 - 28 40 Right-of-use-assets 37 - 18 55 Deferred tax assets 0 - 2 2 Inventories 71 - 79 151 Trade receivables 111 - 54 165 Other receivables 17 - 6 22 Cash and cash equivalents 184 - 36 220 Deferred tax liabilities and other provisions -53 - -13 -66 Non-current interest-bearing liabilities - - -27 -27 Non-current lease liabilities -27 - -10 -37 Current lease liabilities -10 - -8 -18 Current liabilities -102 - -48 -150 Net assets 497 - 171 668 Goodwill 197 - - 197 Purchase price for shares 694 - 171 865 Purchase price for shares -694 - -171 -865 Deferred fixed consideration 141 - 44 185 Less payment via promissory note* 34 - - 34 Deferred variable consideration - - 11 11 Less cash & cash equivalents in acquired companies at the aqusition date 184 - 36 220 Aquisition-date impact of acqusitions on the Groups´s cash & cash equivalents -335 - -80 -415 Settlement of preliminary consideration - -15 - -15 Total impact of acqusitions on the Groups´s cash & cash equivalents -335 -15 -80 -430 On1 April all shares in Laydex, a leading player within building ma- terial in Ireland with a yearly turnover amounting to approximately SEK 480 million, were acquired. Laydex is part of the business area Construction and Packaging Solutions. The Group´s earnings were affected by transaction costs of SEK 17 million for the above transaction, whereof SEK 7 million stamp duty and SEK 10 million advisory costs. Goodwill of SEK 197 million arising from the transaction is supported by several factors, largely attribu- table to the acquired companies’ employees and market shares. On 31 August all shares in Arvid Nilsson, a leading Nordic specialist supplier of fasteners with a yearly turnover amounting to approx- imately SEK 250 million, were acquired. The acquisition is an add-on acquisition to the Consumables Trade & Agriculture business area. The Group´s earnings were affected by transaction costs of SEK 3 million for the acquisition of Arvid Nilsson. Contingent consideration of SEK 15 million related to acquisitions in previous years was settled during the second quarter. The preliminary impact of the acquisition on the Salix Group´s balance sheet on the acquisition date is set out below. * This promissory note was settled through a set-off issue, resulting in a minority stake being established in the acquired holding company.
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24 Interim Report Q3 2026 Note 5 / Financial instruments Financial information The fair values of other financial assets and liabilites in the Group are not materially different from their carrying amounts. Additional consideration is often contingent on the financial performance of the acquired business over a specific period and is measured on the basis of management´s best estimate. 30 Sep 2026 31 Dec 2025 SEK, million Carrying amounts Carrying amounts Financial assets Other non-current finansiel assets (Level 3) 0 0 Derivative instruments - holding for trade (Level 2) 0 0 Financial liabilities Additional consideration (Level 3) 11 13 Derivative instruments - holding for trade (Level 2) 0 0 Financial assets Financial liabilities Specification of financial instruments Level 3, SEK million Other financial assets Additional consideration Balance, 31 Dec 2024 0 -37 Change in value recognised in OCI - 24 Balance, 30 Sep 2025 0 -13 Financial assets Financial liabilities Other financial assets Additional consideration Balance, 31 Dec 2025 0 -13 Change in value recognised in OCI - 13 Acquisitions - 11 Balance, 30 Sep 2026 0 11 Assets and liabilities measured at fair value are presented in the table below.
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25 Interim Report Q3 2026 Non-IFRS APMs and key metrics Description Reason for use Return on equity Net profit (incl. share attributable to non-controlling inte- rests) divided by average equity for the last four quarters (incl. share attributable to non-controlling interests). Shows the return generated on ordinary share capital invested in the Company by shareholders. Return on capital employed excl. goodwill (ROCE excl. goodwill) EBITA for the last 12 months divided by average capital employed for the last 12 months. Shows the return on capital employed generated by the Group without taking into consideration acquisition-rela- ted intangible assets with indefinitie useful lives. Return on capital employed incl. goodwill (ROCE incl. goodwill) EBITA for the last 12 months divided by average capital employed including goodwill and other intangbile assets with indefinite useful lives for the last 12 months. Shows the return on capital employed generated by the Group. Gross margin Gross profit divided by net sales. Gross margin indicates the contribution margin as share of net sales. Gross profit Net sales less cost of goods sold. Gross profit includes costs directly attributable to goods sold, for example in- ventory and transportation costs. Gross profits includes Items affecting comparability. Gross profit indicates the contribution to cover fixed costs. EBITA Earnings before interest, taxes and amortisation. Together with EBITDA, EBITA provides a view of the profit generated by operating activities. EBITA excl. Items affecting comparability Calculated as EBITA adjusted for Items affecting com- parability. Used by management to monitor the underlying earnings growth for the Group. EBITA margin EBITA divided by net sales. The EBITA margin gives an indication of the profit generated by operatinv activities. EBITDA Earnings before interest, taxes, depreciation and amortisation. EBITDA is used together with EBITA to clarify earnings before the effects of depreciation and impairment, and before amortisation of acquisition-related intangible assets, in order to provide a view of the profit generated by operating activities. Adjusted EBITDA Calculated as EBITDA, adjusted by adding back to earnings, as a minus item, interest expenses and depreciation attributable to operating leases for the last 12 months, as of the current reporting date for the com- panies included in the Group on the reporting date, as if they had been owned for the last 12 months, adjustes for items affecting comparability. Adjusted EBITDA provides management and investors with a view of the size of the operations included in the Group at the reporting date, as it does not include items not directly attributable to day-to-date operations. Also used in our covenant calculations for the bank. Note 6 / Alternative Performance Measures Financial information This report contains key financial indicators in accordance with the frameworks applied by Salix Group, which are based on IFRS. In addition, there are alternative performance measures (APMs) that cannot be directly extracted or derived from the financial statements. These are presented where they provide clearer or more in-depth information than the measures defined in the applicable rules for financial reporting. The basis for pre- senting these alternative performance measures is that they are used by management to assess financial performance and are therefore considered to provide analysts and other stakeholders with valuable information. They should not be regarded as a substitute for the measures defined under IFRS, but rather as a complement to financial reporting. The table below sets out the definitions of Salix Group’s alternative performance measures. The calculation of the alternative performance measures is shown separately below.
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26 Interim Report Q3 2026 Non-IFRS APMs and key metrics Description Reason for use Items affecting comparability These include transaction-related costs, restructuring costs, contingent consideration remeasurement, capital gains/losses on the sale of operations and non-current assets, and other items that affect comparability over time. Items affecting comparability represent income and expenses that are not attributable to the underlying performance of the business. Cash conversion Calculated as Operating cash flow for the period divided by EBITDA, adjusted by adding back to earnings, as a minus item, interest expenses and depreciation attirbu- table to operating leases for the period as of the current reporting date. Cash conversion is used by management to monitor how efficiently the Company manages working capital and ongoing investments. Net sales growth Growth in net sales. Net sales in current period divided by net sales in the comparative period. The metric is used to analyse total growth in net sales to benchmark against peers and the market. Net Debt/Adjusted EBITDA Calculated as the sum of interest-bearing loans, finance lease liabilities, provisions for pensions and liabilities attributable to unrealised losses on valuations of out- standing derivatives less cash and cash equivalents in relation to Adjusted EBITDA for the period. The metric can be use to assess financial risk. Operating cash flow Calculated as EBITDA, adjusted by adding back to earnings, as a minus item, interest expenses and depre- ciation attributable to operating leases, adjusted for non- cash items less the net of investments in and disposals of property, plant & equipment and intangible assets, and adjusted for cash flow from changes in working capital including prepaid operating lease expenses. Operating cash flow is used by management to monitor cash flow generated by operating activities. Organic EBITA growth Calculated as EBITA excluding items affecting compa- rability for the period, adjusted for total acquired and divested EBITA and currency effects, compared with EBITA excluding Items affecting comparability for the same period the previous year, as if the units hade been owned for the same length of time in the comparative period as the length of time they have been legally consolidated in the current period. Used by management to monitor underlying earnings growth for existing operations. Organic net sales growth Calculated as net sales for the period, adjusted for acquired and divested net sales and currency effects, compared with net sales for the same period the pre- vious year, as if the units had been owned for the same length of time in the comparative period as the length of time they have been legally consolidated in the current period. The metric is used by management to monitor the under- lying net sales growth for existing operations. EBITA/TWC Calculated as EBITA for the last 12 months as a percen- tage of average 12 months trade working capital, defined as inventory plus trade receivables less trade payables. The metric shows the return the business area or the Group have generated on trade working capital. Equity ratio Equity (including share attributable to non-controlling interestes) as a percentage of total assets. The metric can be used to assess financial risk. Financial information
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27 Interim Report Q3 2026 Alternative performance measures Note 6 Financial information Note 6 Alternative performance measures Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales growth, % Net sales, SEK million 1,236 1,031 3,618 3,158 4,575 4,115 Comparative figure for previous year, SEK million 1,031 868 3,158 2,697 4,049 3,588 Net sales growth, % 20% 19% 15% 17% 13% 15% Gross profit, SEK million Net sales 1,236 1,031 3,618 3,158 4,575 4,115 Goods for resale -797 -690 -2,358 -2,145 -2,981 -2,769 Gross profit, SEK million 439 341 1,260 1,012 1,594 1,346 Gross margin, % Gross profit, SEK million 439 341 1,260 1,012 1,594 1,346 Net sales, SEK million 1,236 1,031 3,618 3,158 4,575 4,115 Gross margin, % 35% 33% 35% 32% 35% 33% EBITA margin, % EBITA, SEK million 173 128 382 316 466 400 Net sales, SEK million 1,236 1,031 3,618 3,158 4,575 4,115 EBITA margin, % 14% 12% 11% 10% 10% 10% EBITA growth, % EBITA, SEK million 173 128 382 316 466 400 Comparative figure for previous year, SEK million 128 84 316 219 359 262 EBITA growth, % 35% 52% 21% 44% 30% 53% Items affecting comparability, SEK million Transaction costs -3 0 -20 -1 -20 -1 Restructuring costs 3 -7 -18 -15 -19 -16 Contingent consideration remeasurement 0 11 -1 12 -1 13 Costs related to IPO 0 - -43 - -43 - Other items affecting comparability 0 -2 0 -5 -2 -7 Items affecting comparability, SEK million 0 3 -81 -9 -84 -11 Adjusted EBITDA, LTM, SEK million EBITDA, LTM 575 459 575 459 575 500 Add-back of IFRS 16-effect -90 -83 -90 -83 -90 -84 Acquired companies 58 16 58 16 58 1 Add-back of items affecting comparability 84 15 84 15 84 11 Adjusted EBITDA, LTM, SEK million 626 408 626 408 626 428
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28 Interim Report Q3 2026 Financial information Note 6 Alternative performance measures Jul-Sep 2026 Jul-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Calculation of organic nets sales growth, % Net sales, SEK million 1,236 1,031 3,618 3,158 4,575 4,115 Total acquired net sales, SEK million -158 -100 -309 -346 -390 -428 Currency effects, SEK million -8 8 2 30 19 47 Comparative figure for previous year, SEK million 1,070 939 3,312 2,842 4,205 3,735 Organic net sales growth, % 4% 8% 5% 5% 4% 4% Calculation of organic EBITA growth, % EBITA, SEK million 173 128 382 316 466 400 Adjustment for items affecting comparability, SEK million 0 -3 81 9 84 11 EBITA excl. Items affecting comparability, SEK million 173 125 463 325 550 411 Total acquired EBITA, SEK million -25 -16 -44 -58 -49 -63 Currency effects, SEK million 1 1 1 3 2 4 Comparative figure for previous year, SEK million 149 110 420 270 503 353 Organic EBIT growth, % 19% 32% 29% 21% 34% 29% Calculation of return on equity, % Net profit, LTM, including non-controlling interests, SEK million 220 156 220 156 220 194 Average total equity, SEK million 1,137 1,125 1,137 1,125 1,137 1,142 Return on total equity, % 19% 14% 19% 14% 19% 17% Calculation of equity ration, % Equity including non-controlling interests, SEK million 1,080 1,194 1,080 1,194 1,080 1,215 Total assets, SEK million 4,782 3,870 4,782 3,870 4,782 3,606 Equity ratio, % 23% 31% 23% 31% 23% 34% Calculation of operating cash flow and cash conversion, % EBITDA, SEK million 204 153 466 391 575 500 Add-back of IFRS 16 effect, SEK million -25 -21 -69 -63 -91 -84 (A) EBITDA excl. IFRS 16 effect, SEK million 179 132 397 328 484 416 (B) adjustment for non-cash items, SEK million -1 -9 9 -11 5 -14 Change in working capital, SEK million -98 39 -210 -91 -61 58 Net investments in property, plant & equipment and intangible assets, SEK million -7 -6 -18 -13 -23 -18 (C) Operating cash flow, SEK million 72 156 178 214 404 441 (C)/(A) Cash conversion, % 40% 118% 45% 65% 84% 106% Calculation of Net Debt/Adjusted EBITDA, LTM, x Net debt, SEK million Cash & cash equivalents and other interest-bearing assets, SEK million -169 -325 -169 -325 -169 -311 Non-current interest-bearing loans and provisions for pensions, SEK million 1,935 18 1,935 18 1,935 17 Current interest bearing loans, SEK million 13 1,477 13 1,477 13 1,238 Net debt, SEK million 1,779 1,170 1,779 1,170 1,779 944 Adjusted EBITDA, LTM, SEK million 626 408 626 408 626 428 Net Debt/Adjusted EBITDA, x 2.8 2.9 2.8 2.9 2.8 2.2
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29 Interim Report Q3 2026 Financial information EBITA/TWC, 30 September 2026, % Home & Fittings Consumables Trade & Agriculture Construction & Packaging Solutions Central costs Salix Group EBITA, LTM, SEK million 232 181 132 -80 466 Trade working capital, 30 September 2026, SEK million Inventories 338 449 218 - 1,005 Trade receivables 278 308 344 1 931 Trade payables -119 -194 -217 -18 -548 Trade working capital, 30 September 2026, SEK million 497 563 345 -17 1,388 Adjustment for average trade working capital, LTM -42 -132 -98 -3 -275 Average trade working capital, LTM 455 431 248 -20 1,113 EBITA/TWC, % 51% 42% 53% - 42% EBITA/TWC, 30 September 2025, % Home & Fittings Consumables Trade & Agriculture Construction & Packaging Solutions Central costs Salix Group EBITA, LTM, SEK million 163 150 88 -42 359 Trade working capital, 30 September 2025, SEK million Inventories 308 343 133 -5 779 Trade receivables 274 216 193 -2 681 Trade payables -106 -133 -145 -13 -397 Trade working capital, 30 September 2025, SEK million 476 426 181 -20 1,063 Adjustment for average trade working capital, LTM -15 18 -5 9 8 Average trade working capital, LTM 461 444 176 -11 1,071 EBITA/TWC, % 35% 34% 50% - 34% EBITA/TWC, 31 December 2025, % Home & Fittings Consumables Trade & Agriculture Construction & Packaging Solutions Central costs Salix Group EBITA, LTM, SEK million 197 154 88 -39 400 Trade working capital, 31 December 2025, SEK million Inventories 323 333 123 -2 777 Trade receivables 208 152 147 -1 506 Trade payables -135 -139 -112 -17 -403 Trade working capital, 31 December 2025, SEK million 396 346 158 -20 880 Adjustment for average trade working capital, LTM 77 86 17 6 186 Average trade working capital, LTM 473 432 175 -14 1,066 EBITA/TWC, % 42% 36% 50% - 38%
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30 Interim Report Q3 2026 Financial information ROCE, % jul-sep 2026 jul-sep 2025 jan-sep 2026 jan-sep 2025 LTM Full year 2025 EBITA, LTM, SEK million 466 359 466 359 466 400 Capital employed end of period, SEK million Intangible assets 2,175 1,681 2,175 1,681 2,175 1,663 Adjustment for goodwill, patent/technology, brands -2,132 -1,660 -2,132 -1,660 -2,132 -1,636 Property, plant & equipment 56 34 56 34 56 30 Right-of-use assets 289 258 289 258 289 253 Operating receivables 2,045 1,529 2,045 1,529 2,045 1,369 Operating liabilities -937 -694 -937 -694 -937 -679 Capital employed end of period, SEK million 1,495 1,147 1,495 1,147 1,495 1,000 Adjustment for average capital employed, LTM -268 11 -268 11 -268 159 Average capital employed, LTM 1,226 1,158 1,226 1,158 1,226 1,159 ROCE excl. goodwill, % 38% 31% 38% 31% 38% 35% Average capital employed, LTM, incl. Goodwill and other intangible assets with indefinite useful lives 2,557 2,325 2,557 2,325 2,557 2,330 ROCE incl. goodwill, % 18% 15% 18% 15% 18% 17%
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31 Interim Report Q3 2026 Condensed income statement Condensed statement of financial position Parent Company Salix Group AB (publ) Parent Company Salix Group AB (publ) Financial information SEK million Jul-Sep 2026 Jul -Sep 2025 Jan-Sep 2026 Jan-Sep 2025 LTM Full year 2025 Net sales 11 9 32 28 43 39 Operating expenses -12 -8 -74 -26 -85 -37 Operating profit/loss -1 1 -42 1 -41 2 Profit/loss from financial investments 2 6 40 5 305 270 Profit/loss after financial itens 1 7 -2 6 263 272 Appropriations - - - - -4 -4 Tax for the period 0 -1 0 -3 4 0 Profit/loss for the period 1 6 -2 3 263 268 Parent Company comprehensive income for the period 1 6 -2 3 263 268 SEK million 30 Sep 2026 30 Sep 2025 31 Dec 2025 Non-current assets 2,945 1,647 2,493 Currents assets 131 1 211 Total assets 3,076 1,648 2,705 Equity 420 450 815 Untaxed reserves 4 4 4 Non-current liabilities 1,900 0 0 Current liabilities 752 1,194 1,885 Total equity and liabilities 3,076 1,648 2,705
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32 Interim Report Q3 2026 Quarterly overview Financial information SEK million Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Operating income Net sales 1,236 1,337 1,045 957 1,031 1,116 1,010 891 868 1,018 811 759 Operating expenses Goods for resale -797 -875 -685 -623 -690 -764 -692 -615 -593 -702 -570 -524 Other external expenses -78 -97 -67 -67 -56 -60 -63 -62 -45 -54 -50 -45 Personnel expenses -158 -182 -163 -156 -143 -155 -153 -144 -123 -139 -129 -128 Other operation income and expenses 1 -34 -17 -2 11 -1 0 -2 1 0 0 -1 EBITDA 204 149 113 109 153 136 102 68 108 123 62 61 Depreciation excl. Acquired fair value adjustments -31 -28 -25 -24 -25 -25 -25 -25 -24 -24 -24 -22 EBITA 173 121 88 85 128 111 77 43 84 99 38 39 Acquisition-related amortisation -20 -21 -14 -14 -14 -12 -14 -10 -9 -9 -7 -5 EBIT 153 100 74 71 114 99 63 33 75 90 31 34 Finance income and costs -45 -21 -25 -9 -25 -18 -37 -21 -32 -26 -20 -25 Profit before tax 108 79 50 62 89 81 26 12 43 64 11 9 Tax -26 -16 -11 -25 -16 -17 -6 -13 -9 -13 -3 -26 Profit for the period 82 63 38 37 73 64 20 -1 34 51 8 -17 Attributable to: Owners of the Parent 81 62 37 36 72 63 19 -1 34 51 8 -17 Non-controlling interests 1 1 1 1 1 1 1 0 0 0 0 0 82 63 38 37 73 64 20 -1 34 51 8 -17
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33 Interim Report Q3 2026 Review report To the Board of Directors of Salix Group AB Corp. id. 559016-1500 Introduction We have reviewed the condensed interim financial information (interim report) of Salix Group AB as of 30 September 2026 and the nine-month period then ended. The Board of Directors and the Managing Director are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the 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 International Standard on Review Engagements ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substanti- ally less in scope than an audit conducted in accordance with International Stan- dards on Auditing and other generally accepted auditing practices and consequently does 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, for the Group in accordance with IAS 34 and the Annual Accounts Act, and for the Parent Company in accordance with the Annual Accounts Act. Stockholm 21 October 2026 KPMG AB Helena Nilsson Emil Öberg Authorized Public Accountant Authorized Public Accountant Auditor in Charge
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Salix Group AB (publ) Propellergatan 2 211 15 Malmö, Sweden www.salixgroup.se For questions regarding this report, please contact Martin Hansson, CEO 0733 45 12 25 martin.hansson@salixgroup.se Carolina Nerman, CFO 0702 41 30 06 carolina.nerman@salixgroup.se