Interim report
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Interim report Q2 2026
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 2 SUMMARY Second quarter (1 April – 30 June) Byhmgard continued to make strategic and operational progress during 2026 in line with the company’s growth plan. During the quarter, the focus has continued to be on converting deals into production, strengthening the project portfolio, and securing financing for ongo- ing and upcoming projects. • The order book amounted to SEK 76 million, attributable to two BESS deals with Solarigo Systems Oy • A Right of First Refusal (RoFR) agreement was entered into with Solarigo Systems Oy, under which Byhmgard has a right of first refusal to Solarigo Systems Oy’s BESS projects, including the pilot project in Hitura, Nivala. • Net sales amounted to TSEK 31,029 (9,346) • Operating profit/loss amounted to TSEK -925 (-1,523) • The period’s profit/loss after tax amounted to TSEK -965 (-1,674) • Earnings per share amounted to SEK -0.00 (-15,68) At the end of the quarter, Byhmgard is in a stronger financially position, with a growing project portfolio and a clear position in large-scale energy storage in the Nordics and the Baltics. The company continues to work towards the objective of realising a pipeline of approximately 1 GW by 2027. First half of the year (1 January – 30 June) • Net sales amounted to TSEK 47,909 (13,112) • Operating loss amounted to TSEK -4,460 (-4,418) • The period’s result after tax amounted to TSEK -4,577 (-4,691) • Earnings per share amounted to SEK -0.01 (-15,68) SIGNIFICANT EVENTS DURING THE QUARTER Second quarter (1 April – 30 June) • On 14 April, the notice convening the 2026 Annual General Meeting was issued. The meeting will be held on 13 May at 10:00 at Sveavägen 50 in Stockholm. • On 21 April, the 2025 Annual Report was published on Byhmgard’s website. • On 11 May, Byhmgard entered into a Right of First Refusal-agreement (RoFR) with Solarigo Systems Oy regarding a 50 MW battery storage project in Hitura, Finland. • On 13 May, Byhmgard held its Annual General Meeting in Stockholm. • On 13 May, the Q1 report was published. • On 21 May, Byhmgard signed a Memorandum of Understanding (MoU) with CMEC (China Machinery Engineering Corporation) regarding a financing partnership with the aim of jointly building a European battery portfolio of 1 GW.
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 3 SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD • On 23 July, Byhmgard announced that the company has entered into discussions with Solarigo Systems Oy with the intention of acquiring the rights to the “Hitura” energy storage project of 50 MW in Finland, in accordance with the Right of First Refusal agreement (RoFR) that the company announced on 11 May. • On 27 July, the Board of Directors of Byhmgard proposed a fully guaranteed rights issue of units of SEK 36 million. • On 27 July, the notice convening the Extraordinary General Meeting was issued. • On 13 August, the Extraordinary General Meeting resolved to reduce the share capital without the redemption of shares, to issue Units consisting of shares and warrants with preferential rights for existing shareholders, and to increase the share capital through a bonus issue without the issuance of new shares. • On 17 August, Byhmgard announced that the publication of the interim report for the second quarter has been brought forward to 21 August. FINANCIAL OVERVIEW (GROUP) SEK thousand Q2 2026 Q2 2025 H1 2026 H1 2025 FY 2025 Net revenue 31,029 9,346 47,909 13,112 22,346 Capitalised work for own account 1,5 - 2,932 - 3,636 Operating profit/loss -925 -1,523 -4,46 -4,418 -29,963 Operating profit/loss excl. listing costs * -925 -1,523 -4,46 -4,418 -10,186 Profit/loss for the period -965 -1,674 -4,577 -4,691 -30,58 * The listing cost relates to the entire financial year 2025 (a one-off item at the listing on 24 November 2025) and therefore only affects the full-year column, not the individual quarters of 2026/2025.
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 4 CEO statement During the second quarter , Byhmgard continued to take concrete steps from strategy and project development towards execution. This is now also becoming more evident in our financial figures. Net sales amounted to SEK 31.0 million, compared with SEK 9.3 million in the corresponding period of the previous year , while the operating loss improved to SEK - 1.0 million. An important part of the increase in sales is the delivery of batteries within the first of our two deals with Solarigo Systems Oy. The combined contract value of these deals amounts to SEK 76 million. For us, this development is an important confirmation of our ability to move from signed agreements to actual delivery and revenue generation. The deal with Solarigo Systems Oy has contributed to increased visibility for Byhmgard in the market. We are seeing growing interest from new potential customers and are currently in discussions regarding a number of new projects and deals. Several of these contacts have arisen after the market has seen our work and delivery together with Solarigo Systems Oy. Even though the path from quotation to order can be long in our industry, we view this development as positive confirmation of our offering and our ability to establish Byhmgard as a supplier of large-scale BESS solutions. We continue to develop our relationship with Solarigo Systems Oy. During the quarter, we entered into a Right of First Refusal agreement regarding Solarigo Systems Oy’s Hitura BESS project in Finland, totalling 50 MW and 100 MWh. After the end of the quarter, we have also announced that we have entered into discussions with Solarigo Systems Oy with the intention of acquiring the rights to the Hitura project in accordance with this agreement. Our strategy is based on combining project development and deliveries that generate revenue today with the opportunity to build up a portfolio of energy assets that can create long- term and recurring revenue. To be able to do this on a larger scale, access to project financing is an important component. This is why the Memorandum of Understanding we signed during the quarter with China Machinery Engineering Corporation, CMEC, is strategically important. The coop- eration aims to create the conditions for jointly building a European battery portfolio of 1 GW. This is well in line with our stated ambition and creates a further possible path to financing and realising our growing project portfolio. This is also where we see the strength of the business model we have built. Our plan from the outset has been to combine project development and deliveries, which generate revenue in the near term, with long-term ownership in selected BESS projects. When these facilities are put into commercial operation, the ambition is that they will con- tribute recurring revenue from the energy and balancing markets, optimised through our own software platform. During Q2, we have taken further steps in that direction. We are delivering on existing customer projects while creating the conditions to gradually build our own portfolio of energy assets. For every project we are able to take from development through construction and finally to operation, we move Byhmgard closer to the long-term business model we have " This development is an important confirmation of our ability to move from signed agreements to actual delivery and revenue generation.
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 5 communicated – where an increasingly larger share of the value creation comes from the assets we ourselves develop and own. After the end of the period, the Board has also proposed a fully guaranteed rights issue of approximately SEK 36 million. This capital raise is a further step in the work of creating the financial conditions for Byhmgard’s continued development. We enter the second half of the year with continued high ambitions, but also with respect for the fact that large-scale energy infrastructure projects require capital, endurance and methodical execution. Our objective of realising a pipeline of approximately 1 GW by 2027 remains firm. The focus is clear: to continue delivering on existing commitments, develop new customer relationships, advance our project portfolio, and create the conditions to gradually increase the share of self-owned BESS projects. We have a clear plan for how Byhmgard will grow. The progress during Q2 shows that we continue to deliver on it – from projects and deliveries to new business opportunities, long-term ownership and recurring revenue. Christian Byhmer Founder and CEO, Byhmgard AB (publ) " Our objective of realising a pipeline of approximately 1 GW by 2027 remains firm.
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 6 MARKET AND OPERA TIONS About Byhmgard AB Byhmgard AB, 556856-0246, has its registered office in Stockholm. The head office is at Industrivägen 4, 302 41 Halmstad. Byhmgard is a Nordic energy company specialising in the development, construction, and ownership of large-scale energy storage systems (BESS). The company was founded in 2021 and has, in a short time, established itself as a leading player in battery storage. With a total pipe- line of around 1 GW by 2027 and an internally developed soft- ware platform for energy management, Byhmgard is taking the next step toward its end goal of becoming a leading European player in energy storage and balancing services. Organisation Byhmgard AB is the parent company in a group where Byhmgard Construct constitutes the operating business company. Byhmgard Invest AB purchased two wholly-owned Latvian subsidiaries during the first half of the year, SW Power SIA and SW Battery SIA. The Group also comprises the dormant subsidiaries Byhmgard Invest 2 AB and Byhmgard Nordic AB, which are held for future strategic purposes. Byhmgard Nordic AB 559490-9680 Byhmgard Invest AB 559474-1471 Byhmgard Invest 2 AB (fka Byhmgard Holding AB) 559468-7864 Byhmgard Construct AB 559335-3773 Byhmgard AB 556856-0246 100 % 100 % 100 % 100 % SW Power SIA (R8) LV 40203680519 SW Battery SIA (R7) LV 40203681088 100 % 100 % Business model Byhmgard is a company specializing in battery storage that stabilises the power grid in real time. The company develops projects, builds the facilities, and connects them to the electricity market. The systems are controlled by an in-house developed software platform that optimises both battery performance and electricity trading in real time. Order book Byhmgard signed a sales agreement with a new customer at the end of Q4 with a value of SEK 43 million. During Q1, the cooperation with the customer was expanded and a new deal was signed with a value of SEK 33 million. Total order backlog for 2026 stands at 76 million, of which approximately 44 million has been invoiced. THE GROUP'S FINANCIAL DEVELOPMENT Result Net sales for the operating subsidiary increased during the second quarter of the year. Sales amounted to TSEK 31,029 (9,346). The increase is explained by the fact that during Q2 we delivered the batteries for the first deal, which was signed on 30 December 2025. Cash flow For the first half of the year, cash flow from operating activities amounted to TSEK 9,316, compared to TSEK -35,987 for the full year 2025. Liquidity and financing Cash and cash equivalents at the end of the period amounted to TSEK 18,450 (7). Total current assets for the Group amounted to TSEK 30,977 (5,425). The Group’s equity ratio was 52% (6%). This significant increase should be viewed against the background of the set-off issues (debt-to-equity conversions) that took place during the second half of 2025. For further information, please refer to the Company’s statement of changes in equity. Capitalised development costs The Group capitalises expenditure for development work when the criteria for capitalisation under K3 are assessed to be met. Capitalised expenditure is recognised as intangible non-current assets and is depreciated from the point in time when the asset is completed and ready for use. Personnel The number of employees in the Group at the end of the period amounted to 15 (16) persons, of which 1 (0) in the parent company. All are employed in Sweden. The proportion of women amounted to 7%. Option programmes The company had no option programmes at the end of the sec- ond quarter. The Board has initiated the process of updating a previously proposed employee option programme. No decision has yet been taken by the General Meeting. The share The share is listed on Nordic SME on Nordic Growth Market under the short name BESS, ISIN code SE 0023849583. Share capital at the end of the quarter amounted to SEK 226,920,279.50, divided into 907,681,118 shares, each with a par value of SEK 0.25. All shares are of the same class and have one vote each and equal rights to a share of the Company’s assets, with no special restrictions. The market capitalisation at the end of the period amounted to SEK 259.6 million. OTHER INFORMA TION Parent company The Parent Company had no net sales for the period (TSEK 0). The result before tax for the quarter amounted to TSEK -608 (TSEK -34,934). For the first half of the year, the result amounted to TSEK -2,229 (TSEK -37,124).
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 7 RISKS AND UNCERT AINTY FACTORS Byhmgard AB maintains a continuous process for identifying material risks that may affect the company's financial position and result. Risks are identified and valued based on the following: • Strategic risks • Market risks • Operational risks • Financial risks (including liquidity) • IT risks • Technical risks • External environment risk Share- and stock-market-related risks Share price development An investment in Byhmgard AB is associated with risk. There are no guarantees that the share price will develop positively. The stock market can generally decline for various reasons such as interest rate hikes, political statements, exchange rate fluctuations, weaker economic conditions, or psychological factors. There is also a risk that the company’s share price may fluctuate strongly in the future, partly as a result of variations in earnings, general economic conditions, and changes in the capital market’s interest in the company. Share sales Significant sales of shares carried out by larger shareholders, as well as a general market expectation that further issues will be carried out, may negatively affect the price of the Company’s share. Future issues of shares or other securities may dilute shareholdings and may significantly affect the price of the Company’s shares negatively. Directed issues, without preferential rights for existing share- holders, may further reduce proportional ownership and voting rights as well as earnings per share and net asset value per share. Liquidity in the share If active and liquid trading does not develop, this may result in difficulties in buying or selling larger blocks of shares within a short time period without significantly affecting the share price. Dilution through future new share issues Byhmgard AB may in the future carry out new issues of shares and share-related instruments to raise capital. The Company may also issue share-related instruments to employees and the Board for incentive purposes. All such issues may reduce the proportional owner- ship and voting rights, as well as earnings per share, for holders of shares in the Company. Furthermore, any new share issues may have a negative effect on the market price of the shares. ESTIMA TES AND JUDGEMENTS The preparation of the financial statements and the application of accounting principles are based on management’s judgements, estimates and assumptions considered reasonable at the time the assessment is made. Estimates and judgements are based on historical experience and a number of other factors which, under the prevailing circumstances, are considered reasonable. The results of these are used to assess the carrying amounts of assets and liabilities that are not otherwise clearly evident from third-party sources. The actual outcome may deviate from these estimates and judgements, and assumptions are reviewed regularly. DIVIDEND No dividend has so far been paid by the Company and there are no guarantees that dividends will be paid in the future. ACCOUNTING PRINCIPLES The interim report has been prepared in accor- dance with the Swedish Annual Accounts Act and the Swedish Accounting Standards Board's general advice BFNAR 2012:1 Annual Report and Consolidated Accounts (K3). For more de- tailed principles, please refer to the company's annual report for the financial year 2025. AUDIT This report has not been reviewed by the Company's auditors. OTHER The interim report for April–June 2026 is also available on Byhmgard's website at www.byhmgard.com 10 largest shareholders per 30 June 2026 Owner Shares Capital & votes Christian Byhmer 240,571,549 26.50% Edsgard Capital AB 125,284,081 13.80% Björn Rosengren 112,419,408 12.39% Nowo Fund Management AB 83,992,211 9.25% Per Taube 61,273,641 6.75% Nordnet Pensionsförsäkring 46,232,108 5.09% Marjan Dragicevic 31,600,000 3.48% Wakopa Eagle Holding AB 30,636,821 3.38% Fredrik Crafoord 20,186,697 2.22% Avanza Pension 13,437,971 1.48% To p 10 765,634,487 84.35% Other 142,046,631 15.65% To t a l 907 ,681, 118 100.00%
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 8 CONDENSED CONSOLIDA TED INCOME ST A TEMENT SEK thousand 2026-04-01 2026-06-30 2025-04-01 2025-06-30 2026-01-01 2026-06-30 2025-01-01 2025-06-30 2025 Net sales 31,029 9,346 47,909 13,112 22,346 Capitalised work for own account 1,500 - 2,932 - 3,636 Other operating income 310 442 441 432 1 T otal income 32,839 9,788 51,282 13,544 25,983 Goods for resale -25,569 -5,818 -38,310 -7,035 -10,752 Other external expenses -3,361 -1,844 -7,018 -3,381 -29,166 Personnel costs -4,433 -3,590 -9,640 -7,487 -14,522 Depreciation, amortisation and impairment losses on tangible and intangible assets -141 - -278 - -1,482 Other operating expenses -260 -59 -496 -59 -24 T otal operating expenses -33,764 -11,311 -55,742 -1 7,9 6 2 -55,946 Operating loss -925 -1,523 -4,460 -4,418 -29,963 Income from investments in group companies - - - - -100 Other interest income and similar profit/loss items - - - - 7 Interest expenses and similar profit/loss items -40 -151 -117 -273 -524 Profit/loss from financial items -40 -1 51 -117 -273 -617 Profit before tax -965 -1,674 -4,577 -4,691 -30,580 Change in tax allocation reserve - - - - - Tax on profit for the period - - - - - Profit (loss) for the period -965 -1,674 -4,577 -4,691 -30,580
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 9 CONDENSED CONSOLIDA TED INCOME ST A TEMENT , CONTINUED SEK thousand 2026-04-01 2026-06-30 2025-04-01 2025-06-30 2026-01-01 2026-06-30 2025-01-01 2025-06-30 2025 Attributable to Owners of the Parent Company -965 -1,674 -4,577 -4,691 -30,580 Non-controlling interests - - - - - Average number of shares during the period 907,681,118 N/A * 907,681,118 N/A * N/A * Number of outstanding shares at the end of the period 907,681,118 106 747 907,681,118 106 747 907,681,118 Earnings per average number of shares during the period, SEK 0,00 N/A * -0,01 N/A * -0,03 Earnings per number of outstanding shares at the end of the period, SEK 0,00 -1 5,6 8 -0,01 -1 5,6 8 -0,03 * Not applicable, as the comparative period refers to the operations of the operating company prior to the reverse acquisition completed during 2025.
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 10 CONDENSED CONSOLIDA TED ST A TEMENT OF FINANCIAL POSITION SEK thousand 2026-06-30 2025-06-30 202 5-12-31 ASSETS Non-current assets Intangible assets Capitalised expenditure for development work and similar work 14,640 9,260 11,782 Tangible fixed assets Equipment, tools and installations 10,324 3,782 3,560 Financial fixed assets Investments in associates and joint ventures - 38 - 24,964 13,080 15,342 Current assets Inventories etc. Finished goods and goods for resale 511 1,355 511 Current receivables Trade receivables 367 594 688 Current tax receivables 94 202 Other short-term receivables 750 2,666 6,638 Accrued income not yet invoiced 9,750 385 5,961 Prepaid expenses and accrued income 1,055 418 1,133 Cash and bank balances Cash and bank balances 18,450 7 20,454 30,977 5,425 35,587 TOT AL ASSETS 55,941 18,505 50,929 SEK thousand 2026-06-30 2025-06-30 202 5-12-31 EQUITY AND LIABILITIES Equity Restricted equity Share capital 226,920 27 226,920 Ongoing share issue - - 2 Reserve for development expenditure 14,640 9,259 11,782 Unrestricted equity Share premium reserve 51,055 1,016 51,055 Retained earnings -258,833 -4,550 -225,399 Profit/loss for the period -4,577 -4,691 -30,580 29,205 1,061 33,780 Non-current liabilities Liabilities to credit institutions 1,356 1,929 375 Other liabilities - - 1,512 1,356 1,929 1,887 Current liabilities Bank overdraft facility - 5,053 - Liabilities to credit institutions 1,554 2,154 2,443 Deferred income 1,247 1,644 837 Trade payables 19,397 4,719 2,682 Other liabilities 1,753 138 5,219 Accrued expenses and deferred income 1,429 1,807 4,081 25,380 15,515 15,262 TOT AL EQUITY AND LIABILITIES 55,941 18,505 50,929
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 11 CONSOLIDA TED ST A TEMENT OF CHANGES IN EQUITY SEK thousand Share capital Share capital not yet registered Development expenditure reserve Share premium reserve Retained earnings or losses Profit (loss) for the year Equity Opening equity as of 2025-01-01 26 - 9,259 1,016 -4,874 -4,903 524 Appropriation of earnings in accordance with the resolution of the Annual General Meeting - – Carried forward -4,903 4,903 - Share issue in Byhmgard Construct AB 7 2 50,039 -9 50,039 Capitalisation of development expenditure 2,523 -2,523 - Reverse acquisition 17,213 -213,090 -195,877 Share issue / set-off issue 209,674 209,674 Profit (loss) for the year -30,580 -30,580 Closing equity as of 2025- 12-31 226,920 2 11,782 51,055 -225,399 -30,580 33,780 SEK thousand Share capital Share capital not yet registered Development expenditure reserve Share premium reserve Retained earnings or losses Profit (loss) for the year Equity Opening equity as of 2026-01-01 226,920 2 11,782 51,055 -225,399 -30,580 33,780 Appropriation of earnings in accordance with the resolution of the Annual General Meeting - – Carried forward -30,580 30,580 - Capitalisation of development expenditure 2,858 -2,858 - Share issue / Debt-to-equity issue -2 2 - Profit (loss) for the period -4,577 -4,577 Closing equity as of 2026-06-30 226,920 0 14,640 51,055 -258,835 -4,577 29,203
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 12 CONSOLIDA TED CASH FLOW ST A TEMENT SEK thousand 2026-01-01- 2026-06-30 2026-04-01 2026-06-30 2025 Profit/loss after financial items -4,577 -3,612 -30,580 Income tax paid 108 128 -771 Adjustments for items not included in cash flow 280 145 1,582 Cash flow from operating activities before chang- es in working capital -4,1 8 9 -3,339 -29,769 Cash flow from changes in working capital Changes in inventories 0 - 774 Changes in trade receivables 321 643 472 Changes in current receivables 2,177 762 -12,823 Changes in trade payables 16,715 -2,044 383 Changes in current liabilities -5,708 -714 4,976 Cash flow from operating activities 9,316 -4,692 -35,987 SEK thousand 2026-01-01- 2026-06-30 2026-04-01 2026-06-30 2025 Investing activities Investments and disposals of intangible non-current assets -9,839 -1,432 -3,636 Investments and disposals of tangible non-current assets -61 -28 -3,427 Cash flow from investing activities -9,900 - 1,460 - 7 ,063 Financing activities Share issue - - 63,835 Increase/decrease in financial liabilities -1,420 -694 -1,475 Investments in subsidiaries - - -100 Investments in associates - - 12 Cash flow from financing activities -1,420 -694 62,272 Cash flow for the period -2,004 -6,846 19,222 Cash and cash equivalents at the beginning of the period 20,454 20,454 1,232 Cash and cash equivalents at the end of the period 18,450 13,608 20,454
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 13 CONDENSED PARENT COMPANY ST A TEMENT OF INCOME SEK thousand 2026-04-01 2026-06-30 2025-04-01 2025-06-30 2026-01-01 2026-06-30 2025-01-01 2025-06-30 2025 Net sales - - - - - Other operating income 102 106 119 192 234 T otal income 102 106 119 192 234 Other external expenses -367 -3,172 -920 -5,023 -7,797 Personnel costs -343 -10 -1,389 -169 -117 T otal operating expenses -7 10 -3,1 82 -2,309 -5,192 -7,9 1 4 Operating loss -608 -3,076 -2,1 8 9 -5,000 -7,6 8 0 Other interest income and similar profit/loss items - 2,969 - 6,338 9,519 Interest expenses and similar profit/loss items 0 -34,826 -39 -38,462 -49,133 Net financial items 0 -31,857 -39 -32,124 -39,614 Profit before tax -608 -34,934 -2,229 -37,124 -47,2 9 4 Tax on profit for the period - - - - - Profit (loss) for the period -608 -34,934 -2,229 -37,124 -47,2 9 4
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 14 CONDENSED PARENT COMPANY ST A TEMENT OF FINANCIAL POSITION SEK thousand 2026-06-30 2025-06-30 202 5-12-31 ASSETS Non-current assets Shares in group companies 285,157 - 285,157 Other long-term receivables - 4,625 - 2 8 5,157 4,625 2 8 5,157 Current assets Trade receivables 17 - 18 Current tax receivables 94 - 9 Other short-term receivables 158 940 150 Prepaid expenses and accrued income 19 28 63 Cash and bank balances 268 459 488 557 1,427 728 TOT AL ASSETS 285,714 6,052 285,885 SEK thousand 2026-06-30 2025-06-30 202 5-12-31 EQUITY AND LIABILITIES Equity Restricted equity Share capital 226,920 3,355 226,920 Unrestricted equity Share premium reserve 290,789 199,388 290,789 Retained earnings or losses -238,773 -192,114 -191,479 Profit (loss) for the year -2,229 -37,124 -47,294 276,708 -26,495 278,936 Current liabilities Liabilities to group companies 8,745 - 2,552 Trade payables 14 1,144 1,122 Other liabilities 159 31,203 3,000 Accrued expenses and deferred income 88 200 275 9,006 32,547 6,949 TOT AL EQUITY AND LIABILITIES 285,714 6,052 285,885
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BYHMGARD INTERIM REPORT Q2 APRIL –JUNE 2026 15 PARENT COMPANY ST A TEMENT OF CHANGES IN EQUITY SEK thousand Share capital Share premium reserve Retained earnings or losses Profit (loss) for the year Equity Opening equity as of 2025-01-01 799 207,2 9 6 -90, 168 -117 ,525 403 Appropriation of earnings in accordance with the resolution of the Annual General Meeting – Carried forward -117,525 117,525 - Set-off issue 2,557 7,670 10,227 Set-off issue 29,250 29,250 Reduction of share capital -16,303 16,303 - Set-off issue 943 340 1,283 Set-off issue 209,674 75,483 285,157 Transaction costs -89 -89 Profit (loss) for the year -47,2 9 4 -47,2 9 4 Closing equity as of 2025- 12-31 226,920 290,789 - 191,479 -47,2 9 5 278,936 SEK thousand Share capital Share premium reserve Retained earnings or losses Profit (loss) for the year Equity Opening equity as of 2026-01-01 226,920 290,789 - 191,479 -47,2 9 5 278,937 Profit (loss) for the period -2,229 -2,229 Closing equity as of 2026-06-30 226,920 290,789 - 191,479 -49,524 276,708
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ABOUT BYHMGARD Byhmgard AB develops, builds, and invests in utility-scale energy storage projects (BESS) across Europe. The operations encompass project development, Engineering, Procurement, and Construction (EPC), software optimisation, and long-term operations. The com- pany's vision is to deliver critical energy infrastructure that enables Europe’s energy transition in a smarter and more cost-effective manner. OUR MISSION Our mission is to deliver fully integrated projects that go beyond hardware by implementing advanced control systems to maximize performance and returns for both our customers and investors. What truly sets Byhmgard apart is our ability to provide a compre- hensive turnkey solution: from the development of BESS projects to ongoing management, optimization, and long-term support throughout the asset’s entire life cycle. FOR FURTHER QUESTIONS, PLEASE CONT ACT Christian Byhmer +46 735 39 01 00 cb@byhmgard.com alt. investors@byhmgard.com Registered office: Stockholm Reg. no: 556856-0246 linkedin.com/company/byhmgard-ab byhmgard.com Financial calendar 2026-11-27 Interim Report Q3, 2026 2027-02-25 Year-End Report 2026 Press releases during the quarter 2026-04-13 Notice convening the 2026 Annual General Meeting of Byhmgard AB (publ) 2026-04-21 Byhmgard publishes the 2025 Annual Report 2026-05-11 Byhmgard Signs Exclusivity Agreement with Solarigo for Battery Storage Project in Finland 2026-05-13 Communiqué from the Annual General Meeting of Byhmgard AB 2026-05-13 Byhmgard AB – Q1 2026 Report 2026-05-21 Byhmgard AB signs Memorandum of Understanding with CMEC, a subsidiary of the Fortune Global 500 group Sinomach 16 Sveavägen 50 111 34 Stockholm