Interim report
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SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 Interim report Q3 2025 January-September 2025 compared with January-September 2024 • Net sales increased to SEK 15,534m (15,097). The increase was mainly explained by higher selling prices and higher delivery volumes, which were offset by negative exchange rate effects. • EBITDA amounted to SEK 5,328m (5,494). The decrease was primarily due to negative exchange rate effects and higher raw material costs, although these were offset by higher selling prices and higher delivery volumes. High rate of self-sufficiency in wood raw material remained a key component for reducing the impact of rising raw material costs. • EBITDA margin was 34.3% (36.4). • Operating profit decreased to SEK 3,735m (3,914). • Operating cash flow increased to SEK 2,549m (1,911) • Earnings per share was SEK 3.87 (4.01). July–September 2025 compared with July–September 2024 • Net sales decreased to SEK 4,993m (5,248). Lower selling prices and negative exchange rate effects were offset by higher delivery volumes. • EBITDA declined to SEK 1,644m (2,010) and the EBITDA margin was 32.9% (38.3). The decrease was primarily attributable to negative exchange rate effects, planned maintenance stops and lower selling prices. July–September 2025 compared with April–June 2025 • Net sales decreased to SEK 4,993m (5,380). The sales decrease was due to lower delivery volumes and lower selling prices. • EBITDA declined to SEK 1,644m (2,033) and the EBITDA margin was 32.9% (37.8). The decrease was mainly due to planned maintenance stops, lower selling prices and lower delivery volumes. KEY FIGURES Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025:2 % 2025 2024 % Net sales 4,993 5,248 -5 5,380 -7 15,534 15,097 3 EBITDA 1,644 2,010 -18 2,033 -19 5,328 5,494 -3 EBITDA margin, % 32.9 38.3 37.8 34.3 36.4 Operating profit 1,112 1,476 -25 1,504 -26 3,735 3,914 -5 Net Profit 832 1,070 -22 1,088 -24 2,720 2,819 -4 Earnings per share SEK 1 1.19 1.52 1.55 3.87 4.01 Operating cash flow 1,111 708 953 2,549 1,911 Net Debt / EBITDA (LTM) 1.7x 1.6x 1.8x 1.7x 1.6x 1 There are no dilution effects.
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 2 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 SUMMARY OF THE THIRD QUARTER OF 2025 SCA’s earnings in the third quarter declined year-on-year and compared with the preceding quarter. This earnings trend was mainly attributable to the completion of planned maintenance stops, lower selling prices and negative exchange rate effects. The uncertain market situation characterized by a weak economic environment, trade barriers, and currency fluctuations, continues to affect market conditions. The forest industry is generally encountering a challenging market with soft underlying demand in many product areas. The supply of wood raw material to SCA’s industries was stable in the quarter. The limited supply of wood raw material together with high demand has led to a gradual increase in prices in recent years. However, the availability of pulpwood improved and market prices for pulpwood fell slightly in the quarter. Demand for sawlogs remained high, particularly for spruce logs. Selling prices for solid-wood products decreased somewhat compared with the preceding quarter, driven primarily by higher supply. Demand remained cautious due to the uncertain market situation. SCA’s focus on strong and long-term customer relationships contributed to a delivery volume in line with the year-earlier quarter. However, delivery volumes declined seasonally compared with the preceding quarter. Producer stocks in Sweden were largely unchanged during the quarter, while customer stocks are estimated to have remained low. Average selling prices in the Pulp segment decreased slightly compared with the preceding quarter. Selling prices for NBSK pulp in Europe and China were stable at low levels, while prices for NBSK pulp in the US fell during the third quarter. Demand for pulp improved slightly in China during the quarter but was weak in both Europe and the US. SCA’s delivery volumes for the third quarter were lower compared with the preceding quarter and year-on- year. Global producer stocks increased during the quarter. SCA’s average selling prices for packaging material decreased slightly compared with the preceding quarter. Production in the Containerboard segment was at a favorable level during the quarter, but was restricted by planned maintenance stops at the Obbola and Munksund mills. Demand for packaging paper was soft in the quarter, mainly driven by weak industrial production among customers, which was partly offset by stronger demand in e-commerce and consumables. SCA’s delivery volumes were slightly lower than in the preceding quarter, but increased year-on-year. European producer stocks continued to increase during the third quarter. Demand for solid biofuels was lower in the third quarter compared with the preceding quarter, while the biofuel market improved during the same comparative period. Electricity prices in northern Sweden remained low during the third quarter. SCA’s leasehold business in wind power remained stable and at the end of the third quarter about 20% of installed wind power capacity in Sweden was on SCA’s land.
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 3 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 Change in net sales (%) 2509 vs 2409 2025:3 vs 2024:3 2025:3 vs 2025:2 Total 3 -5 -7 Price/mix 3 -2 -3 Volume 3 1 -4 Currency -3 -4 0 GROUP SALES AND OPERATING PROFIT January-September 2025 compared with January-September 2024 Net sales increased to SEK 15,534m (15,097), an increase of 3%, of which price/mix accounted for +3%, volume +3% and currency -3%. EBITDA amounted to SEK 5,328m (5,494), corresponding to an EBITDA margin of 34.3% (36.4). The decrease was primarily attributable to negative exchange rate effects and higher raw material costs, which were offset by higher selling prices and higher delivery volumes. Good cost control due to the high rate of self-sufficiency in primarily wood raw material reduced the impact of increased costs. The cost of planned maintenance stops was SEK 312m (151). EBITDA excluding the revaluation of biological assets was SEK 3,984m (4,109). Operating profit decreased to SEK 3,735m (3,914). July–September 2025 compared with July–September 2024 Net sales amounted to SEK 4,993m (5,248), a decrease of 5%, of which currency accounted for -4%, price/mix -2% and volume +1%. EBITDA decreased to SEK 1,644m (2,010), corresponding to an EBITDA margin of 32.9% (38.3). The decrease was primarily attributable to negative exchange rate effects, higher cost for planned maintenance stops of SEK 287m (122), lower selling prices and higher raw material costs. EBITDA excluding the revaluation of biological assets decreased to SEK 1,193m (1,549). Operating profit was SEK 1,112m (1,476). July–September 2025 compared with April–June 2025 Net sales amounted to SEK 4,993m (5,380), a decrease of 7%, of which volume accounted for -4%, price/mix -3% and currency 0%. EBITDA decreased 19% to SEK 1,644m (2,033), corresponding to an EBITDA margin of 32.9% (37.8). The change was primarily attributable to higher costs for planned maintenance stops of SEK 287m (25), lower selling prices and lower delivery volumes. EBITDA excluding the revaluation of biological assets decreased to SEK 1,193m (1,585). Operating profit was SEK 1,112m (1,504). CASH FLOW January-September 2025 compared with January-September 2024 The operating cash surplus amounted to SEK 3,989m (4,041). The cash flow effect of changes in working capital was SEK -840m (-1,330). Current capital expenditures, net, amounted to SEK -885m (-630). Other operating cash flow was SEK 285m (-170), primarly currency hedges related to working capital. Operating cash flow increased to SEK 2,549m (1,911) (see Note 10). Strategic capital expenditures totaled SEK -1,106m (-502) and tax paid amounted to SEK -216m (-143) for the period. See page 13. FINANCING At September 30, 2025, net debt totaled SEK 11,734m, a decrease during the quarter of SEK 1,224m. Net debt in relation to EBITDA amounted to 1.7x, compared with 1.8x in the preceding quarter. The debt/equity ratio amounted to 11.2% compared with 12.5% in the preceding quarter. At September 30, 2025, gross debt amounted to SEK 15,262m with an average maturity of 3.8 years (including the lease liability). The loan structure consists of bilateral bank loans and bonds. Unutilized credit facilities amounted to SEK 6,000m at September 30, 2025 and mature in 2029. In the first three quarters of 2025, financial items totaled SEK -331m compared with SEK -398m in the year-earlier period. 0 1,000 2,000 3,000 4,000 5,000 6,000 2024:3 2024:4 2025:1 2025:2 2025:3 Net sales SEKm 0 10 20 30 40 50 0 500 1,000 1,500 2,000 2,500 2024:3 2024:4 2025:1 2025:2 2025:3 EBITDA & margin SEKm % 0 200 400 600 800 1,000 1,200 1,400 2024:3 2024:4 2025:1 2025:2 2025:3 Operating cashflow SEKm 0 3 6 9 12 15 18 0 20,000 40,000 60,000 80,000 100,000 120,000 2021:4 2022:4 2023:4 2024:4 2025:3 % Equity and net debt/equity ratioSEKm
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 4 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 EQUITY January–September 2025 Equity increased by SEK 450m during the period, to SEK 104,485m at September 30, 2025. Equity increased due to comprehensive income for the period of SEK 2,510m, and decreased due to the dividend of SEK 2,107m. Other items increased by SEK 47m. TAX January-September 2025 compared with January-September 2024 The Group’s tax expense amounted to SEK 684m (697), corresponding to an effective tax rate of 20.1% (19.8). CURRENCY EXPOSURE AND CURRENCY HEDGING Due to a high proportion of exports, SCA’s operations are sensitive to currency fluctuations. About 85% of sales are priced in currencies other than SEK, primarily EUR, USD and GBP. Most purchasing is conducted in SEK, while some purchasing is carried out in foreign currencies. To mitigate the effects of a weaker SEK, balance sheet items in foreign currency are hedged, as well as major decided and contracted expenses in foreign currency for investments in non-current assets. Added to this, a share of future net flows in the main currencies is hedged and, in some cases, for special order flows. At September 30, the company had hedged roughly the following shares of the expected net exposure from sales minus purchases. Share of expected net exposure, % Currency Average rate 2025:4 2026:1 2026:2 2026:3 USD 10.03 65 50 30 10 EUR 11.10 80 65 50 25 PLANNED MAINTENANCE STOPS In the third quarter of 2025, planned maintenance stops were carried out at both the Obbola and Munksund paper mills (Containerboard segment). One planned maintenance stop at the Östrand pulp mill (Pulp segment) began at the end of the quarter. The estimated effect of the planned maintenance stops on earnings, calculated as the sum of the direct cost of the maintenance and lower fixed cost coverage from reduced capacity utilization during the stops, is shown in the table below. Actual SEKm 2024:1 2024:2 2024:3 2024:4 Total Pulp 0 29 35 215 279 Containerboard 0 0 87 123 210 Total 0 29 122 338 489 Actual Forecast SEKm 2025:1 2025:2 2025:3 2025:4 Total Pulp 0 25 83 180 288 Containerboard 0 0 204 0 204 Total 0 25 287 180 492
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 5 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 * share calculated of total EBITDA excluding central costs FOREST SCA is Europe’s largest private forest owner with a holding of 2.7 million hectares of forest land in Northern Sweden and the Baltic region. SCA’s unique forest holding is a growing resource that provides access to high- quality forest raw materials while absorbing a net of more than 10% of Sweden’s fossil CO₂ emissions. Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025: 2 % 2025 2024 % Net sales 2,390 2,099 14 2,542 -6 7,418 6,507 14 EBITDA 912 777 17 1,070 -15 2,861 2,630 9 Depreciation and amortization -71 -63 13 -64 11 -199 -185 8 Operating profit 841 714 18 1,006 -16 2,662 2,445 9 EBITDA margin, % 38.2 37.0 42.1 38.6 40.4 Operating margin, % 35.2 34.0 39.6 35.9 37.6 Return on capital employed, % 3.8 3.2 4.6 4.0 4.1 Harvesting of own forest in Sweden, thousand m3 sub 1,235 1,162 6 1,727 -28 3,926 3,690 6 Revaluation of biological assets1 451 461 -2 448 1 1,344 1,385 -3 1 Revaluation of biological assets are included in EBITDA. The Forest segment includes net sales from timber sourced from SCA’s own forests, and from timber purchased from other forest owners, which is sold internally to SCA’s industrial operations. The pricing is based on an average of SCA’s externally sourc ed timber prices. Revaluation of forest assets The value of SCA’s total forest assets is based on the market price of forest transactions in the areas where SCA owns forests applied on SCA’s standing volume. To determine the change in value of biological assets, a valuation model is used based on discounted cash flows. See Note 4. January-September 2025 compared with January-September 2024 Net sales increased 14% to SEK 7,418m (6,507), primarily attributable to higher selling prices for sawlogs and pulpwood, and higher delivery volumes to SCA’s industries. EBITDA increased 9% to SEK 2,861m (2,630). The increase was primarily attributable to higher selling prices for sawlogs and pulpwood. EBITDA excluding the revaluation of biological assets was SEK 1,517m (1,245). July–September 2025 compared with July–September 2024 Net sales increased 14% to SEK 2,390m (2,099), primarily related to higher selling prices for sawlogs and pulpwood. EBITDA increased 17% to SEK 912m (777). The increase was mainly attributable to higher selling prices. EBITDA excluding the revaluation of biological assets was SEK 461m (316). July–September 2025 compared with April–June 2025 Net sales declined 6% to SEK 2,390m (2,542), mainly related to lower delivery volumes as a result of planned maintenance stops at SCA’s industries. EBITDA declined 15% to SEK 912m (1,070). The decrease was primarily attributable to a seasonably lower share of harvesting from SCA-owned forest and lower delivery volumes to SCA’s industries. EBITDA excluding the revaluation of biological assets was SEK 461m (622). 51% Share of EBITDA Jan-Sep 2025* 0 500 1,000 1,500 2,000 2,500 3,000 2024:3 2024:4 2025:1 2025:2 2025:3 Net sales SEKm 0 10 20 30 40 50 60 0 200 400 600 800 1,000 1,200 2024:3 2024:4 2025:1 2025:2 2025:3 EBITDA & margin %SEKm
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 6 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 * share calculated of total EBITDA excluding central costs WOOD SCA is one of Europe’s leading suppliers of wood-based products for the wood industry and building materials trade, with an annual production capacity of 2.2 m3 of solid-wood products. SCA has five cost-efficient sawmills located close to its forest holdings in Northern Sweden, as well as wood processing and distribution to the building materials trade in Scandinavia and France. Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025:2 % 2025 2024 % Net sales 1,544 1,524 1 1,733 -11 4,775 4,123 16 EBITDA 232 288 -19 310 -25 778 693 12 Depreciation and amortization -73 -73 0 -73 0 -217 -212 2 Operating profit 159 215 -26 237 -33 561 481 17 EBITDA margin, % 15.0 18.9 17.9 16.3 16.8 Operating margin, % 10.3 14.1 13.7 11.7 11.7 Return on capital employed, % 17.4 22.7 25.4 19.6 13.3 Deliveries, wood products, thousand m3 532 533 0 568 -6 1,624 1,452 12 January-September 2025 compared with January-September 2024 Net sales increased 16% to SEK 4,775m (4,123). The change was primarily attributable to higher delivery volumes and higher selling prices. EBITDA increased 12% to SEK 778m (693). The increase was mainly explained by higher selling prices and higher delivery volumes, which were offset by higher raw material costs and negative exchange rate effects. July–September 2025 compared with July–September 2024 Net sales were in line with the year-earlier period and amounted to SEK 1,544m (1,524). Higher selling prices were offset by negative exchange rate effects. EBITDA declined 19% to SEK 232m (288). The decrease was mainly attributable to higher raw material costs and negative exchange rate effects, which were offset by higher selling prices. July–September 2025 compared with April–June 2025 Net sales decreased 11% to SEK 1,544m (1,733), which was mainly due to lower delivery volumes and lower selling prices. EBITDA declined 25% to SEK 232m (310). The decrease was primarily attributable to lower selling prices and higher raw material costs. 14% Share of EBITDA Jan-Sep 2025* 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2024:3 2024:4 2025:1 2025:2 2025:3 Net sales SEKm 0 5 10 15 20 0 100 200 300 400 2024:3 2024:4 2025:1 2025:2 2025:3 EBITDA & margin %SEKm
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 7 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 * share calculated of total EBITDA excluding central costs PULP SCA produces Northern bleached softwood kraft pulp (NBSK) at Östrand pulp mill and chemi-thermomechanical pulp (CTMP) at the Ortviken site in Sundsvall with a total capacity of more than 1 million tonnes per year, which is expected to increase to 1.2 million tonnes. The Östrand pulp mill is one of the largest and most cost-efficient production lines for NBSK in the world and is also a net producer of green electricity and produces biochemicals such as tall oil and turpentine. Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025:2 % 2025 2024 % Net sales 1,651 2,085 -21 1,794 -8 5,385 6,006 -10 EBITDA 242 562 -57 261 -7 823 1,394 -41 Depreciation and amortization -164 -171 -4 -166 -1 -502 -508 -1 Operating profit 78 391 -80 95 -18 321 886 -64 EBITDA margin, % 14.6 27.0 14.5 15.3 23.2 Operating margin, % 4.7 18.8 5.3 5.9 14.8 Return on capital employed, % 3.3 16.0 4.0 4.6 8.1 Deliveries, pulp, thousand tonnes 223 240 -7 242 -8 722 731 -1 January-September 2025 compared with January-September 2024 Net sales declined 10% to SEK 5,385m (6,006), mainly driven by negative exchange rate effects and lower selling prices. EBITDA declined 41% to SEK 823m (1,394). The EBITDA margin was 15.3% (23.2). Negative exchange rate effects, higher costs for wood raw material and lower selling prices had a negative impact on earnings. The cost of planned maintenance stops was SEK 108m (64). July–September 2025 compared with July–September 2024 Net sales declined 21% to SEK 1,651m (2,085). The decline was attributable to lower selling prices, lower delivery volumes and negative exchange rate effects. EBITDA declined 57% to SEK 242m (562). The decrease was related to lower selling prices, negative exchange rate effects and higher costs for wood raw material. The cost of planned maintenance stops was SEK 83m (35). July–September 2025 compared with April–June 2025 Net sales declined 8% to SEK 1,651m (1,794). The decline was mainly attributable to lower delivery volumes and lower selling prices. EBITDA declined 7% to SEK 242m (261). The decrease was primarily related to higher costs for planned maintenance stops of SEK 83m (25) and lower selling prices, which were offset by lower raw material costs. 14% Share of EBITDA Jan-Sep 2025* 0 500 1,000 1,500 2,000 2,500 2024:3 2024:4 2025:1 2025:2 2025:3 Net sales SEKm 0 10 20 30 40 50 60 0 100 200 300 400 500 600 2024:3 2024:4 2025:1 2025:2 2025:3 EBITDA & margin %SEKm
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 8 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 * share calculated of total EBITDA excluding central costs CONTAINERBOARD SCA produces kraftliner, renewable packaging paper, at the paper mills in Munksund and Obbola. SCA is Europe’s largest independent producer of kraftliner, with a total capacity of more than 865,000 tonnes per year, which is expected to increase to 1,140,000 tonnes by 2026. Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025:2 % 2025 2024 % Net sales 1,755 1,597 10 1,819 -4 5,248 4,816 9 EBITDA 194 318 -39 451 -57 884 690 28 Depreciation and amortization -198 -201 -1 -198 0 -594 -594 0 Operating profit -4 117 253 290 96 202 EBITDA margin, % 11.0 19.9 24.8 16.8 14.3 Operating margin, % -0.2 7.3 13.9 5.5 2.0 Return on capital employed, % -0.2 4.3 9.3 3.1 1.7 Deliveries, kraftliner, thousand tonnes 230 208 11 236 -3 702 684 3 January-September 2025 compared with January-September 2024 Net sales increased 9% to SEK 5,248m (4,816). Higher selling prices and higher delivery volumes had a positive impact on net sales, which were offset by negative exchange rate effects. EBITDA increased 28% to SEK 884m (690). The increase was mainly attributable to higher selling prices and higher delivery volumes, which were offset by higher raw material costs and negative exchange rate effects. The cost of planned maintenance stops was SEK 204m (87). July–September 2025 compared with July–September 2024 Net sales increased 10% to SEK 1,755m (1,597). The increase mainly relates to higher delivery volumes and higher selling prices, which were offset by negative exchange rate effects. EBITDA declined 39% to SEK 194m (318). The change was primarily attributable to higher costs for planned maintenance stops of SEK 204m (87) higher raw material costs and negative exchange rate effects. July–September 2025 compared with April–June 2025 Net sales decreased 4% to SEK 1,755m (1,819). The decrease was primarily attributable to lower delivery volumes. EBITDA declined 57% to SEK 194m (451). The decrease was primarily related to higher costs for planned maintenance stops of SEK 204m (0). 16% Share of EBITDA Jan-Sep 2025* 0 500 1,000 1,500 2,000 2024:3 2024:4 2025:1 2025:2 2025:3 Net sales SEKm 0 10 20 30 40 50 0 100 200 300 400 500 2024:3 2024:4 2025:1 2025:2 2025:3 EBITDA & margin %SEKm
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 9 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 * share calculated of total EBITDA excluding central costs RENEWABLE ENERGY SCA produces tall oil, green electricity, refined and unrefined biofuels and liquid biofuels. SCA is one of Europe’s largest producers of bioenergy, with annual production of about 11 TWh. SCA’s industries and wind farm produce green electricity corresponding to approximately 1% of Swedish electricity consumption. SCA leases out land for the production of wind power and develops wind power projects on its own land, for sale and for the growth of the leasehold business. Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025:2 % 2025 2024 % Revenue1 377 435 -13 494 -24 1,474 1,519 -3 EBITDA 79 99 -20 87 -9 300 361 -17 Depreciation and amortization -18 -18 0 -18 0 -54 -55 -2 Operating profit 61 81 -25 69 -12 246 306 -20 EBITDA margin, %2 21.0 22.9 17.8 20.4 23.8 Operating margin, %2 16.1 18.6 14.0 16.8 20.1 Return on capital employed, % 7.4 14.7 8.8 11.0 21.7 Deliveries, renewable electricity from own wind production, GWh 12 32 -63 17 -29 78 108 -28 1 Income consists av net sales and other operating income 2 EBITDA and operating profit as share of income January-September 2025 compared with January-September 2024 Income decreased 3% to SEK 1,474m (1,519). The decrease was mainly related to lower selling prices, which were offset by higher delivery volumes of bioenergy. EBITDA declined 17% to SEK 300m (361). The EBITDA margin was 20.4% (23.8). The decrease was primarily attributable to lower selling prices. July–September 2025 compared with July–September 2024 Income decreased 13% to SEK 377m (435). The decrease was primarily attributable to lower selling prices and lower delivery volumes. EBITDA declined 20% to SEK 79m (99). Lower selling prices were offset by the continued ramp- up of the biorefinery in Gothenburg. July–September 2025 compared with April–June 2025 Income decreased 24% to SEK 377m (494). The decrease was primarily related to lower delivery volumes of bioenergy. EBITDA declined 9% to SEK 79m (87). The decrease was primarily attributable to lower delivery volumes of bioenergy. 5% Share of EBITDA Jan-Sep 2025* 0 100 200 300 400 500 600 700 2024:3 2024:4 2025:1 2025:2 2025:3 Income SEKm 0 10 20 30 0 50 100 150 2024:3 2024:4 2025:1 2025:2 2025:3 EBITDA & margin %SEKm
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 10 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 FINANCIAL STATEMENTS CONDENSED CONSOLIDATED INCOME STATEMENT Quarter Jan-Sep SEKm 2025:3 2024:3 % 2025:2 % 2025 2024 % Net sales 4,993 5,248 -5 5,380 -7 15,534 15,097 3 Other income 594 724 -18 712 -17 2,164 2,601 -17 Change in inventories -96 -25 284 151 129 72 79 Change in value in biological assets 451 461 -2 448 1 1,344 1,385 -3 Raw materials and consumables -1,162 -1,268 -8 -1,420 -18 -4,207 -3,847 9 Personnel costs -648 -622 4 -771 -16 -2,126 -2,079 2 Other operating expenses -2,481 -2,502 -1 -2,461 1 -7,495 -7,658 -2 Result from associated companies and JV -7 -6 -6 -15 -77 EBITDA 1,644 2,010 -18 2,033 -19 5,328 5,494 -3 Depreciation, amortization and impairment -532 -534 0 -529 1 -1,593 -1,580 1 Operating profit 1,112 1,476 -25 1,504 -26 3,735 3,914 -5 Financial items -103 -131 -114 -331 -398 Profit before tax 1,009 1,345 -25 1,390 -27 3,404 3,516 -3 Income tax -177 -275 -302 -684 -697 Net Profit for the period 832 1,070 -22 1,088 -24 2,720 2,819 -4 Earnings attributable to: Owners of the parent 832 1,070 1,088 2,720 2,819 Non-controlling interests 0 - 0 0 - Earnings per share SEK - owners of the parent1 1.19 1.52 1.55 3.87 4.01 Margins, % EBITDA margin 32.9 38.3 37.8 34.3 36.4 Operating margin 22.3 28.1 28.0 24.0 25.9 Net margin 16.7 20.4 20.2 17.5 18.7 1 See note 8 for further information
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 11 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Quarter Jan-Sep SEKm 2025:3 2024:3 2025:2 2025 2024 Profit for the period 832 1,070 1,088 2,720 2,819 Other comprehensive income for the period: Items that may not be reclassified to the income statement Change in value land assets -179 -205 -241 -611 -616 Revaluation of defined benefit pension plans 376 -8 -339 275 381 Income tax attributable to components of other comprehensive income -60 44 128 58 49 Total 137 -169 -452 -278 -186 Items that have been or may be reclassified subsequently to the income statement Cash flow hedges -64 121 -49 258 -191 Hedge cost -1 1 -2 -12 12 Translation differences in foreign operations -27 -19 85 -137 67 Income tax attributable to components of other comprehensive income 14 -25 20 -41 37 Total -78 78 54 68 -75 Other comprehensive income for the period, net of tax 59 -91 -398 -210 -261 Total comprehensive income for the period 891 979 690 2,510 2,558 Total comprehensive income attributable to: Owners of the parent 891 979 690 2,510 2,558 Non-controlling interests 0 - 0 0 - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Jan-Sep SEKm 2025 2024 Attributable to owners of the parent Value, beginning of the period 104,035 104,284 Total comprehensive income for the period 2,510 2,558 Cash flow hedge transferred to cost of hedged investments 40 0 Tax on cash flow hedge transferred to cost of hedged investments -8 0 Cash dividend -2,107 -1,931 Acquisition of non-controlling interests 0 -12 Value, end of the period 104,470 104,899 Non-controlling interests Value, beginning of the period - - Total comprehensive income for the period 0 - Capital contribution from non-controlling interest 15 - Value, end of the period 15 - Total equity, value end of period 104,485 104,899
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 12 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 CONDENSED CONSOLIDATED BALANCE SHEET SEKm Sep 30, 2025 Dec 31, 2024 ASSETS Non-current assets Intangible assets 1,316 1,025 Buildings, land, machinery and equipment 25,027 25,239 Forest assets 107,995 107,329 of which land assets 46,262 46,974 of which biological assets 61,733 60,355 Right-of-use assets 483 573 Other non-current assets 4,028 3,797 Total non-current assets 138,849 137,963 Current assets Inventories 6,009 5,730 Trade receivables 3,498 3,279 Other current receivables 1,108 963 Cash and cash equivalents 626 1,328 Total current assets 11,241 11,300 Total assets 150,090 149,263 EQUITY AND LIABILITIES Equity Owners of the Parent Share capital 2,350 2,350 Share premium 6,830 6,830 Reserves 34,970 35,367 Retained earnings including net profit for the period 60,320 59,488 Non-controlling interests 15 - Total equity 104,485 104,035 Non-current liabilities Non-current financial liabilities 13,596 11,519 Provisions for pensions 281 325 Deferred tax liabilities 24,773 24,348 Other non-current liabilities and other provisions 57 58 Total non-current liabilities 38,707 36,250 Current liabilities Current financial liabilities 1,385 3,064 Trade payables 3,972 4,440 Other current liabilities and other provisions 1,541 1,474 Total current liabilities 6,898 8,978 Total liabilities 45,605 45,228 Total liabilities and equity 150,090 149,263
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 13 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 CONSOLIDATED CASH FLOW STATEMENT Jan-Sep SEKm 2025 2024 Operating activities Profit before tax 3,404 3,516 of which received interest 5 8 of which paid interest -324 -452 Adjustment for non-cash items 1 262 177 Change in liabilities regarding restructuring costs -11 -14 Paid and received tax -216 -143 Cash flow from operating activities before changes in working capital 3,439 3,536 Cash flow from changes in working capital Change in inventories -282 -162 Change in operating receivables -287 -712 Change in operating liabilities 145 -629 Cash flow from operating activities 3,015 2,033 Investing activities Company and asset acquisitions 0 -98 Current capital expenditures in intangible and tangible assets -1,033 -926 Sale of tangible assets 210 422 Strategic capital expenditures in intangible and tangible assets -1,106 -502 Acquisition and disposal of financial asset -10 -12 Cash flow from investing activities -1,939 -1,116 Financing activities Loans raised 3,403 2,140 Amortization of debt -2,902 -1,265 Amortization of debt, leasing -167 -159 Dividend -2,107 -1,931 Cash flow from financing activities -1,773 -1,215 Net cash flow for the period -697 -298 Cash and cash equivalents at the beginning of the period 1,328 502 Translation differences in cash and cash equivalents -5 1 Cash and cash equivalents at the end of the period 626 205 1 Depreciation/amortization and impairment of non-current assets 1,593 1,580 Fair-value measurement of biological assets -1,344 -1,385 Gains/loss on assets sales and swaps of assets 64 -89 Unrealized result on hedged items -143 3 Accrued interest -9 1 Other 101 67 Total 262 177
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 14 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 NOTES 1. ACCOUNTING PRINCIPLES This interim report has been prepared in accordance with IAS 34 and recommendation RFR 1 of the Swedish Corporate Reporting Board and RFR 2 for the Parent Company. Applied accounting principles are described in detail in SCA’s Annual Report for 2024. New or revised IFRSs and interpretations from IFRIC have not had and are not expected to have any material effect on the Group’s or the Parent Company’s financial statements. 2. RISKS AND UNCERTAINTIES SCA’s risk exposure and risk management are described on pages 67–75 of SCA’s 2024 Annual Report. Tariffs and increased trade barriers create uncertainty and risk affecting market conditions going forward. During the first three quarters of 2025, tariffs have not had any material impact on the result. 3. REVENUE FROM CONTRACTS WITH CUSTOMERS Net sales per region Jan-Sep 2025 SEKm Forest Wood Pulp Containerboard Renewable Energy Eliminations Total Sweden 7,300 1,662 801 372 5 -7,297 2,843 Germany - 55 414 1,138 - 1,607 USA - 256 1,042 226 - 1,524 United Kingdom - 435 210 818 - 1,463 Rest of Europe 118 1,205 1,966 2,266 - 5,555 Asia - 742 758 92 - 1,592 Rest of world - 420 194 336 - 950 Total Group 7,418 4,775 5,385 5,248 5 -7,297 15,534 Jan-Sep 2024 SEKm Forest Wood Pulp Containerboard Renewable Energy Eliminations Total Sweden 6,382 1,354 1,004 329 27 -6,382 2,714 Germany - 66 515 1,163 - 1,744 USA - 310 1,060 171 - 1,541 United Kingdom - 400 210 776 - 1,386 Rest of Europe 125 1,004 2,340 1,934 - 5,403 Asia - 674 692 204 - 1,570 Rest of world - 315 185 239 - 739 Total Group 6,507 4,123 6,006 4,816 27 -6,382 15,097 4. FOREST VALUATION Accounting principles The accounting principles for forest assets are described in Note D3 of SCA’s Annual Report for 2024. Key assessments and assumptions SCA bases its valuation of forest assets on forest transactions in the areas where SCA owns forest assets. The market prices assessed by SCA comprise an average based on forest transactions over the last three years. To determine the change in value of biological assets, a valuation model is used based on discounted cash flows, with the value mainly impacted by timber prices, harvesting costs, harvested volume and the discount rate. The value of land assets is calculated as the total value of forest assets based on forest transactions less the value of the biological assets. At December 31, 2024, the expected total standing timber volume was estimated at approximately 274 million m3fo, of which about 8 million m3fo in the Baltic region. The three-year average market price used in valuation of SCA’s forest assets at December 31, 2024 was SEK 388/m3fo for the Swedish holdings and EUR 44.0/m3fo for the Baltic holdings. The total value of forest assets was SEK 107,329m. At December 31, 2025, the standing volume of the forest holding is estimated at approximately 277 million m³fo, of which about 8 million m³fo in the Baltic region. The estimated change in value driven by the growth of standing timber volume is accrued over the course of the year. At September 30, 2025, approximately three-quarters of the expected annual change in value was recognized. The change in value of biological assets was SEK 1,344m at September 30, 2025 and is recognized in the income statement on the line item for change in value in biological assets. The change in value pertaining to land amounted to SEK -611m and is recognized as other comprehensive income with no effect on profit for the year. Other items, including investments, amounted to SEK -67m. At September 30, 2025, the total value of forest assets amounted to SEK 107,995m.
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 15 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 Forest assets SEKm Sep 30, 2025 Dec 31, 2024 Forest assets in Sweden 103,877 103,145 Forest assets in the Baltic states 4,118 4,184 Totalt value of forest assets 107,995 107,329 Deferred tax on forest assets 21,293 21,155 5. OTHER PROVISIONS Accounting principles The accounting principles for other provisions are described in detail in Note D8 of SCA’s 2024 Annual Report. SEKm Environment Other Total Value January 1, 2025 206 23 229 Provisions 46 - 46 Utilization -150 -11 -161 Value September 30, 2025 102 12 114 Provisions comprise: Long-term component 56 Short-term component 58 6. RELATED PARTY TRANSACTIONS During the period, no transactions took place between SCA and related parties with any material impact on the company’s financial position or results. 7. FINANCIAL INSTRUMENTS BY CATEGORY SCA’s policies for the recognition of derivatives and hedge accounting are presented in SCA’s 2024 Annual Report, Note E6. SEKm Measure- ment level Sep 30, 2025 Dec 31, 2024 Financial assets measured at fair value in the income statement Derivatives - Current financial assets 2 0 1 Derivatives - Other current receivables 2 114 8 Total 114 9 Financial liabilities measured at fair value in the income statement Derivatives - Current financial liabilities 2 1 3 Derivatives - Other current liabilities 2 8 45 Total 9 48 Financial assets measured at fair value through other comprehensive income Equity instruments 3 25 14 Total 25 14 Financial liabilities measured at amortized cost Non-current financial liabilities excluding leasing - 13,257 11,107 Non-current financial liabilities, leasing - 326 402 Current financial liabilities excluding leasing - 1,196 2,857 Current financial liabilities, leasing - 189 204 Total 14,968 14,570 Derivatives used for hedge accounting Non-current financial assets 2 21 39 Other non-current assets 2 9 0 Other current receivables 2 124 22 Total 154 61 Derivatives used for hedge accounting Non-current financial liabilities 2 13 10 Other non-current liabilities 2 1 - Other current liabilities 2 26 225 Total 40 235
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 16 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 The fair value of trade receivables, other current and non-current receivables, cash and cash equivalents, and trade payables is estimated to be equal to their carrying amount. The total fair value of current and non-current financial liabilities, excluding lease liabilities, was SEK 14,462m (13,851). The value of electricity derivatives is based on published prices in an active market. Other financial instruments are marked to market, based on prevailing currency and interest rates on the balance sheet date. The fair value of debt instruments is determined using valuation models, such as discounting future cash flows at quoted market rates for the respective maturity. 8. SHARE DISTRIBUTION AND EARNINGS PER SHARE Share distribution Quarter Jan-Sep 2025:3 2024:3 2025:2 2025 2024 Number of A shares 62,866,430 63,949,802 62,866,430 62,866,430 63,700,307 Number of B shares 639,476,059 638,392,687 639,476,059 639,476,059 638,642,182 Registered number of shares 702,342,489 702,342,489 702,342,489 702,342,489 702,342,489 At the end of the period, the proportion of Class A shares was 9.0%. No shares were converted during the third quarter. During the first nine months of the year, 833,877 Class A shares were converted to Class B shares at the request of shareholders. The total number of votes in the company amounts to 1,268,140,359. Earnings per share Quarter Jan-Sep 2025:3 2024:3 2025:2 2025 2024 Profit for the year attributable to owners of the Parent, SEKm 832 1,070 1,088 2,720 2,819 Profit for the year per share non-controlling interest, SEKm 0 - 0 0 - Average number of shares, millions 702 702 702 702 702 Earnings per share, SEK - owners of the Parent 1.19 1.52 1.55 3.87 4.01 9. CONTINGENT LIABILITIES AND COMMITMENTS SEKm Parent Subsidiaries Contingent liabilities Sep 30, 2025 Dec 31, 2024 Sep 30, 2025 Dec 31, 2024 Guarantees for subsidiaries 702 1,552 21 25 associates 208 250 5 5 customers and others - - 32 28 Other contingent liabilities 2 2 25 26 Total 912 1,804 83 84 SCA has a decided investment in wind power projects totaling SEK 1,715m over a two-year period. As of September 30, 2025, SEK 220m remained as contracted commitments compared with SEK 1,125m in the year- earlier period and SEK 55m (115) in trade payables. The commitments pertain entirely to non-current assets. SCA has, through a wholly owned subsidiary, undertaken to repay debt raised by a joint venture. At September 30, 2025, the SCA Group’s undertaking amounted to SEK 118m compared with SEK 85m in the year-earlier period. 10. ALTERNATIVE PERFORMANCE MEASURES For definitions of alternative performance measures, refer to SCA’s 2024 Annual Report, pages 95–97. Operating cash flow Quarter Jan-Sep SEKm 2025:3 2024:3 2025:2 2025 2024 EBITDA 1,644 2,010 2,033 5,328 5,494 Changes in biological assets and other non cash flow items -446 -469 -446 -1,339 -1,453 Operating cash surplus 1,198 1,541 1,587 3,989 4,041 Change in working capital 296 -600 -286 -840 -1,330 Current capital expenditures, net 1 -302 -381 -338 -885 -630 Other operating cash flow -81 148 -10 285 -170 Operating cash flow 1,111 708 953 2,549 1,911 1 Including following values from new leasing contracts: -22 -18 -28 -63 -126
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 17 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 Capital structure SEKm Sep 30, 2025 Dec 31, 2024 Total assets 150,090 149,263 Financial assets -3,528 -4,023 Long term, non-interest bearing liabilities -24,830 -24,406 Short term, non-interest bearing liabilities -5,513 -5,914 Total capital employed 116,219 114,920 Net debt, SEKm 11,734 10,885 Net debt/EBITDA (LTM) 1 1.7x 1.5x Equity, SEKm 104,485 104,035 Net debt/Equity (%) 11.2 10.5 1 Last Twelve Months Return on capital employed Quarter LTM 1 Full year % 2025:3 2024:3 2025:2 Sep 30, 2025 2024 Return on capital employed 3.8 5.1 5.2 4.2 4.4 Return on capital employed, industrial 4.5 11.7 8.9 6.1 7.3 1 Last Twelve Months Working capital SEKm Sep 30, 2025 Dec 31, 2024 Inventories 6,009 5,730 Trade receivable 3,498 3,279 Other current receivables 1,019 803 Trade payable -3,708 -3,774 Other current liabilities -1,221 -1,270 Working capital 5,597 4,768 Net debt SEKm Sep 30, 2025 Dec 31, 2024 Surplus in funded pension plans 2,656 2,448 Non-current financial assets 158 155 Current financial assets 88 92 Cash and cash equivalents 626 1,328 Financial receivables 3,528 4,023 Non-current financial liabilities 13,596 11,519 Provisions for pensions 281 325 Current financial liabilities 1,385 3,064 Financial liabilities 15,262 14,908 Net debt -11,734 -10,885
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 18 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 11. QUARTERLY DATA BY SEGMENT NET SALES Quarter SEKm 2025:3 2025:2 2025:1 2024:4 2024:3 2024:2 Forest 2,390 2,542 2,486 2,323 2,099 2,239 Wood 1,544 1,733 1,498 1,416 1,524 1,506 Pulp 1,651 1,794 1,940 2,052 2,085 2,147 Containerboard 1,755 1,819 1,674 1,618 1,597 1,584 Renewable energy 2 1 2 5 3 6 Intra-group deliveries -2,349 -2,509 -2,439 -2,279 -2,060 -2,191 Total net sales 4,993 5,380 5,161 5,135 5,248 5,291 EBITDA Quarter SEKm 2025:3 2025:2 2025:1 2024:4 2024:3 2024:2 Forest 912 1,070 879 901 777 883 Wood 232 310 236 234 288 294 Pulp 242 261 320 286 562 509 Containerboard 194 451 239 242 318 231 Renewable energy 79 87 134 90 99 85 Other -15 -146 -157 -104 -34 -114 Total EBITDA 1,644 2,033 1,651 1,649 2,010 1,888 EBITDA MARGIN Quarter % 2025:3 2025:2 2025:1 2024:4 2024:3 2024:2 Forest 38.2 42.1 35.3 38.8 37.0 39.4 Wood 15.0 17.9 15.8 16.6 18.9 19.6 Pulp 14.6 14.5 16.5 13.9 27.0 23.7 Containerboard 11.0 24.8 14.2 15.0 19.9 14.6 Renewable energy1 21.0 17.8 22.2 16.8 22.9 19.1 EBITDA margin 32.9 37.8 32.0 32.1 38.3 35.7 Operating profit Quarter SEKm 2025:3 2025:2 2025:1 2024:4 2024:3 2024:2 Forest 841 1,006 815 837 714 821 Wood 159 237 165 161 215 222 Pulp 78 95 148 111 391 341 Containerboard -4 253 41 46 117 33 Renewable energy 61 69 116 71 81 67 Other -23 -156 -166 -113 -42 -123 Total operating profit 1,112 1,504 1,119 1,113 1,476 1,361 1 EBITDA as share of Revenue. Renewable energy's income amounted to 377 494 603 531 435 448
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 19 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 PARENT COMPANY CONDENSED INCOME STATEMENT Jan-Sep SEKm 2025 2024 Other operating income 260 256 Other operating expenses -189 -185 Personnel costs -66 -84 EBITDA 5 -13 Depreciation and impairment -81 -73 Operating profit -76 -86 Financial items 69 162 Profit after financial items -7 76 Appropriations 1,017 1,387 Profit before tax 1,010 1,463 Income tax -209 -302 Profit for the period 801 1,161 Other operating income was mainly related to remuneration for the granting of felling rights for the Parent Company’s forest assets. Other comprehensive income was the same as profit for the period. CONDENSED BALANCE SHEET SEKm Sep 30, 2025 Dec 31, 2024 Tangible non-current assets 9,393 9,382 Non-current financial assets 12,276 12,153 Total non-current assets 21,669 21,535 Current assets 14,322 16,080 Total assets 35,991 37,615 Restricted equity 11,373 11,373 Non-restricted equity 7,210 8,516 Total equity 18,583 19,889 Provisions 1,782 1,777 Non-current liabilities 13,280 11,117 Current liabilities 2,346 4,832 Total equity, provisions and liabilities 35,991 37,615
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S C A I n t e r i m r e p o r t – J a n u a r y 1 – S e p t e m b e r 3 0 , 2 0 2 5 20 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ), Skepparplatsen 1, 851 88 SUNDSVALL. www.sca.com. Corp. Reg. No. 556012-6293 INVITATION TO PRESS CONFERENCE A webcast press conference will be held where this interim report will be presented by the President and CEO, Ulf Larsson, and by the CFO, Andreas Ewertz, on Friday, October 24 at 10:00 a.m. The press conference will be webcast live at www.sca.com. It is also possible to participate by telephone by calling: Sweden: +46 (0)8 505 204 24 UK: +44 (0)33 0551 0200 US: +1 786 697 3501 Specify “SCA”. For further information, please contact Andreas Ewertz, CFO, +46 (0)60 19 31 97 Tommy Olofsson, Investor Relations Director, +46 (0)76 130 69 23 Anders Edholm, SVP Sustainability and Communications, +46 (0)60 19 32 12 Please note: This is information that SCA is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. This report has been prepared in both Swedish and English versions. In case of variations in the content between the two versions, the Swedish version shall govern. The information was submitted for publication, through the agency of the contact person set out below, on October 24, 2025 at 8:00 a.m. CEST. The report has not been reviewed by the company’s auditors. Anders Edholm, SVP Sustainability and Communications, +46 (0)60 19 32 12 FUTURE EVENTS Year-end report, Q4 2025 Published on January 30, 2026 Annual General Meeting To be held on March 27, 2026 Interim report, Q1 2026 Published on April 24, 2026