Interim report
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storskogen INTERIM REPORT JANUARY - JUNE 2026 " Solid quarter with organic growth " - Second quarter , 1 April – 30 June 2026 • • • • • • • • Net sales increased by 5 percent to SEK 8,861 million ( 8,452 ) . Adjusted EBITA increased by 2 percent to SEK 864 million ( 843 ) , corresponding to an adjusted EBITA margin of 9.7 percent ( 10.0 ) . Operating profit amounted to SEK 660 million ( 661 ) . Profit for the quarter amounted to SEK 379 million ( 260 ) . Basic / diluted earnings per share were SEK 0.21 ( 0.13 ) . Adjusted diluted earnings per share were SEK 0.23 ( 0.19 ) . Cash flow from operating activities was SEK 465 million ( 527 ) . Two platform acquisitions were completed , with combined annual sales of SEK 205 million . Two add - on acquisitions were completed , with combined annual sales of SEK 9 million . Johan Ekström , Head of M & A and member of Storskogen's Executive Management Team , assumed the position of interim Head of Business Area Services . He succeeded Jesper Kronstrand . The period , 1 January - 30 June 2026 Net sales increased by 2 percent to SEK 16,712 million ( 16,392 ) . Organic sales growth was 4 percent . Adjusted EBITA decreased by 3 percent to SEK 1,502 million ( 1,542 ) , corresponding to an adjusted EBITA margin of 9.0 percent ( 9.4 ) . Organic EBITA growth was -4 percent . Operating profit decreased to SEK 1,065 million ( 1,164 ) . Profit for the period increased to SEK 550 million ( 476 ) . Basic / diluted earnings per share were SEK 0.30 ( 0.25 ) . Adjusted diluted earnings per share were SEK 0.35 ( 0.31 ) . Cash flow from operating activities was SEK 653 million ( 640 ) . Two platform acquisitions were completed , with combined annual sales of SEK 205 million . Two add - on acquisitions were completed , with combined annual sales of SEK 9 million . One business unit with annual sales of SEK 278 million was divested . Significant events after the end of the period One platform acquisition was completed , with annual sales of SEK 126 million . One add - on acquisition was completed , with annual sales of SEK 20 million . 8,861 SEK m , net sales ( Q2 ) Key performance measures Amounts in parentheses are for the corresponding period 2025 . 864 9.7 SEK m , adjusted EBITA ( Q2 ) % , adjusted EBITA margin ( Q2 ) Q2 Jan - Jun SEK m Net sales 2026 8,861 2025 8,452 Adjusted EBITA 864 843 Adjusted EBITA margin , % 9.7 10.0 -0.2 pp A % 2026 5 16,712 2 1,502 9.0 2025 A % 16,392 2 1,542 -3 9.4 -0.4 pp Jul - Jun Full - year 25/26 33,416 3,077 9.2 2025 33,097 3,117 9.4 Operating profit ( EBIT ) 660 661 -0 1,065 1,164 -8 2,293 2,391 Operating margin , % 7.4 7.8 -0.4 pp 6.4 7.1 -0.7 pp 6.9 7.2 Profit for the period 379 260 46 550 476 16 1,273 1,199 Basic earnings per share , SEK 0.21 0.13 58 0.30 0.25 Diluted earnings per share , SEK 0.21 0.13 58 0.30 0.25 222 21 0.68 0.63 21 0.68 0.63 Adjusted diluted earnings per share , SEK 0.23 0.19 23 0.35 0.31 13 0.74 0.70 Interest - bearing net debt / adjusted RTM EBITDA ( 12 months ) , x 2.4 2.4 -0.1x 2.4 2.4 -0.1x 2.4 2.3 Return on equity , % ( 12 months ) 6.1 5.5 0.6 pp 6.1 5.5 0.6 pp 6.1 5.8 Return on capital employed , % ( 12 months ) 10.0 10.4 -0.3 pp 10.0 10.4 -0.3 pp 10.0 10.2 Cash flow from operating activities 465 527 -12 653 640 2 2,464 2,451 Adjusted cash conversion , % 48 66 -18 pp 53 54 0 pp 74 74 Items affecting comparability , EBITA -28 -9 -94 -29 -93 -29 Items affecting comparability , profit for the period -33 -89 -98 -110 -98 -109 STORSKOGEN ⚫ INTERIM REPORT JANUARY - JUNE 2026 1
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 2 Solid quarter with organic growth In the second quarter, net sales increased by 5 percent to SEK 8,861 million (8,452), driven by organic growth of 5 percent. Adjusted EBITA increased by 2 percent to SEK 864 million (843), corresponding to a margin of 9.7 percent (10.0). Cash flow from operating activities amounted to SEK 465 million (527), with a cash conversion (LTM) of 74 percent. The second quarter, which is a period with seasonally high activity, developed well. We reported organic growth in both sales and EBITA, supported by stable demand across most parts of the Group. Overall, the quarter developed in line with expectations and is a step in the right direction. The slightly weaker cash flow compared to last year is mainly explained by good demand at the end of the quarter, particularly in the Industry business area, which led to increased working capital tied up in the business. The effect is considered temporary and is expected to have a corresponding positive impact in the second half of the year. “The positive organic growth in the quarter, combined with acquisitions and a robust financial position, provide a solid foundation for continued development.” Continued progress across business areas Services developed well compared to last year, with an increase in both sales and EBITA. Sales were supported by both acquisitions and organic growth. Profitability continued to be affected by subdued underlying market conditions, particularly within the construction and infrastructure sectors, but with early signs of improving sentiment. Business Services reported growth in both sales and EBITA. Trade reported a gradual improvement in underlying demand throughout the quarter. Similar to the first quarter, parts of the health and beauty segment were affected by lower activity in the retail sector. Most of the remaining business units delivered a solid quarter, supported by efficiency initiatives and somewhat stronger consumer demand. Industry delivered a strong quarter, recording organic growth in both sales and EBITA as well as improved profitability. Industrial Technologies continued its positive trend from the first quarter and developed particularly well outside of Sweden. Demand remained solid in all verticals, and the business area continued to benefit from trends such as automation and electrification. Strategic acquisition activity During the quarter, we completed two platform acquisitions: Safi strengthens the Services business area, while Darlington EMS further expands the exposure within electronics manufacturing for the Industry business area. Both companies maintain strong profitability and were acquired at attractive multiples, in line with transactions completed over the past year. Our acquisition pipeline remains strong, with continued access to attractive acquisition opportunities within our prioritised investment themes in all three business areas. Global CEO Days with a focus on growth In May, we gathered around 100 of the Group’s CEOs in Stockholm for two days focused on growth – a natural choice of theme. Our role as owner is to provide the CEOs and their teams with the right conditions to grow and realise their full potential. The event therefore focused on how we create value through collaboration, and the exchange of knowledge and ideas across the Group. Half a day was also dedicated to AI, where the CEOs developed practical solutions. The level of engagement was high, and we will carry that momentum forward in our continued work. Our focus ahead We are cautiously optimistic as we enter the second half of 2026. The positive organic growth in the quarter, combined with acquisitions and a robust financial position, provide a solid foundation for continued development. At the same time, there is still uncertainty across many of our markets and the broader economy. Our focus therefore remains unchanged: driving organic growth, improving profitability and maintaining strong operational discipline and cost control. With a strong acquisition pipeline and increased financial flexibility, we also see good opportunities to continue adding acquired growth and to increase its contribution to the Group’s total growth over time. Christer Hansson, CEO
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 3 The Group’s performance SECOND QUARTER 2026 Sales Net sales in the second quarter increased by 5 percent to SEK 8,861 million (8,452), mainly driven by organic growth of 5 percent. Sales in the second quarter are seasonally strong, particularly for Trade and Services, which was also the case this quarter. Compared to the previous year, Services and Industry reported strong sales growth, somewhat offset by Trade. All three business areas reported organic sales growth in the quarter, mostly driven by Industry and Services. Earnings Adjusted EBITA increased by 2 percent to SEK 864 million (843) in the second quarter. Earnings in the quarter were largely impacted by acquisitions and organic profit growth for Industry, partly offset by negative profit growth for Trade. Costs of Group operations were higher in the quarter as the comparative quarter was positively impacted by the adjustment of costs for concluded incentive programmes. The adjusted EBITA margin was 9.7 percent (10.0). In addition to the costs of Group operations, the change in margin was also affected by lower margins in the Services and Trade business areas, partly offset by the improved margin in the Industry business area. The Services business area reported stronger earnings compared to last year, driven by the Business Services vertical, partly offset by Infrastructure Services where business units exposed to the construction sector continued to experience subdued demand. Industry had organic profit growth and continued solid demand, especially for the international business units which are recovering from a weaker 2025. The Trade business area reported lower earnings and somewhat weaker margins compared to last year. The negative development, as in the first quarter, was largely attributable to a few business units in the health and beauty segment, which were impacted by challenges in the retail sector, while the majority of the business area’s other business units developed well. Despite signals of a cyclical recovery, market conditions remain uncertain, with increased geopolitical unrest, which could negatively impact the overall recovery. Price adjustments, efficiency-enhancing efforts and cost control remain prioritised in all business areas. For more information, see pp. 6–8. Items affecting comparability in EBITA were SEK -28 million (-9), mainly comprising remeasurement of contingent considerations of SEK -11 million, capital loss from divestment of business of SEK -10 million and central restructuring costs of SEK -7 million. Operating profit was SEK 660 million (661). The operating margin was 7.4 percent (7.8). Adjusted for items affecting comparability, operating profit was SEK 693 million (670), with an operating margin of 7.8 percent (7.9). Net financial items amounted to SEK -146 million (-297). Net interest expenses were SEK -145 million (-248). The comparative quarter was impacted by one-off costs related to repurchase of bonds of SEK -80 million. The underlying improvement is explained by lower financial debt and a lower interest rate level. The remaining part of net financial items consisted of exchange rate effects and other financial items of SEK -1 million (-48). Profit before tax amounted to SEK 514 million (364), driven by lower net financial items. Taxes for the quarter were SEK -134 million (-104). The effective tax rate was 26.1 percent (28.5). Profit for the quarter was SEK 379 million (260). Basic and diluted earnings per share amounted to SEK 0.21 (0.13). Adjusted for items affecting comparability, diluted earnings per share were SEK 0.23 (0.19). Cash flow and investments Cash flow from operating activities was SEK 465 million (527). Changes in working capital impacted cash flow by SEK -378 million (-260). The change in working capital in the quarter was largely attributable to increased receivables following strong demand towards the end of the quarter, particularly in the Industry business area. The change in cash flow compared to last year was positively impacted by improved earnings, offset by the change in working capital. Adjusted cash conversion (adjusted EBITDA after changes in working capital and Capex as a percentage of adjusted EBITDA) was 48 percent (66) in the quarter. Adjusted cash conversion for the past 12-month period was 74 percent (80), which exceeds the target of at least 70 percent. Capex amounted to SEK -208 million (-110), corresponding to 2.3 percent (1.3) of net sales in the quarter. The change compared to the previous year was mainly driven by growth investments in the Industry business area. NET SALES PER QUARTER ADJUSTED EBITA AND EBITA MARGIN BY QUARTER BREAKDOWN OF SALES BY BUSINESS AREA, Q2 2026 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 MSEK 0% 2% 4% 6% 8% 10% 12% 14% 0 100 200 300 400 500 600 700 800 900 1,000 MSEK 45%29% 26% Industry Services Trade
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 4 Cash flow from investing activities amounted to net SEK -399 million (-292), of which SEK -218 million (-110) was attributable to net investments in non-current assets, including Capex. Cash flow from business combinations and divestments, which includes acquisitions of minority shares in subsidiaries and payments of contingent considerations for acquisitions in previous years, amounted to SEK -181 million (-182). For more information, see note 4, p. 19. THE PERIOD, JANUARY-JUNE 2026 Sales Net sales increased by 2 percent to SEK 16,712 million (16,392) in the first six months of the year. The increase was driven by Services and Industry, partly offset by Trade. All business areas reported organic sales growth in a somewhat more positive economic cycle, albeit the geopolitical uncertainty remains. The change in the period was positively affected by organic sales growth of 4 percent, partly offset by exchange rate effects of -2 percent. Earnings Adjusted EBITA for the first six months decreased by 3 percent to SEK 1,502 million (1,542). The change was mainly attributable to organic EBITA growth of -4 percent and exchange rate effects of -2 percent, partly offset by acquisitions and divestments of 3 percent. The adjusted EBITA margin was 9.0 percent (9.4). The Industry business area reported an improved margin, primarily driven by stronger market conditions for business units outside of Sweden. This was offset in its entirety by the Services business area, which reported a lower margin, mainly impacted by a cold winter in the first quarter of the year, and continued subdued demand for business units exposed to the construction sector. The Trade business area also reported a somewhat lower margin, where a few business units in the health and beauty segment were negatively impacted by challenges in the retail sector in the first six months of the year. Price adjustments, efficiency-enhancing efforts and cost control remain priorities in all business areas. For more information, see pp. 6–8. Items affecting comparability in EBITA were SEK -94 million (-29) and mainly comprised capital loss from divestment of business of SEK -75 million (0), remeasurement of contingent considerations of SEK -11 million (-21) and central restructuring costs of SEK -7 million (-9). For more information, see p. 25. Operating profit decreased to SEK 1,065 million (1,164). The operating margin was 6.4 percent (7.1) in the period. Adjusted for items affecting comparability, operating profit was SEK 1,164 million (1,193) with an operating margin of 7.0 percent (7.3). Net financial items amounted to SEK -302 million (-495). Net interest expenses accounted for SEK -277 million (-420), where the corresponding period last year was impacted by one-off costs of SEK -80 million related to the repurchase of bonds. Adjusted for one-off costs, the improvement of net interest expenses was SEK 63 million, thanks to a lower amount of outstanding financial debt and lower interest rates. The remaining part of the net financial items consisted of exchange rate effects and other financial items of SEK -25 million (-75). Profit before tax increased to SEK 764 million (669), driven by lower net financial items. Taxes for the period was SEK -214 million (-193). The effective tax rate was 28.0 percent (28.9). Profit for the period increased to SEK 550 million (476). In the period, basic and diluted earnings per share amounted to SEK 0.30 (0.25). Adjusted for items affecting comparability, diluted earnings per share increased by 13 percent to SEK 0.35 (0.31). Cash flow and investments Cash flow from operating activities was in line with last year and amounted to SEK 653 million (640). Changes in working capital affected cash flow by SEK -626 million (-695), which was offset by higher profit before tax compared to the previous year. The change in working capital during the period was mainly attributable to increased receivables and inventory. Adjusted cash conversion (adjusted EBITDA after changes in working capital and Capex as a percentage of adjusted EBITDA) was 53 percent (54) in the period. The adjusted cash conversion for the past 12-month period was 74 percent (80), which is above the target of at least 70 percent. Capex amounted to SEK -313 million (-259), corresponding to 1.9 percent (1.6) of net sales in the first six months of the year. Cash flow from investing activities amounted to net SEK -546 million (-448) in the period, of which SEK -343 million (-263) was attributable to net investments in non-current assets, including Capex. Cash flow from business combinations and divestments, which includes acquisitions of minority shares in subsidiaries and payments of contingent considerations for acquisitions in previous years, amounted to SEK -204 million (-185) in the period. For more information, see note 4, p. 19. RETURNS Return on average equity was 6.1 percent (5.5), where the improvement was driven by higher profit. Adjusted for items affecting comparability, return on equity was 6.6 percent (6.0). Return on capital employed was 10.0 percent (10.4). FINANCIAL POSITION At the end of the period, the Group’s equity amounted to SEK 21,262 million (20,599 on 31 December 2025). The increase in the period is mainly attributable to positive exchange rate related translation effects in the Group’s other comprehensive income and the positive profit for the period. The equity/assets ratio was 49 percent (50 percent on 31 December 2025). On 30 June, cash and cash equivalents amounted to SEK 1,412 million (SEK 1,332 million on 31 December 2025). In addition, at the end of the period, there was an unutilised credit facility of SEK 2,933 million (SEK 3,180 million on 31 December 2025). Total interest-bearing debt, including leasing and pension liabilities, but excluding future contingent considerations and minority options, increased by SEK 559 million in the quarter. The increase in interest-bearing debt during the quarter is largely explained by new debt exceeding amortisation. During the past 12-month period, debt decreased by SEK 71 million to SEK 11,526 million. The Group’s interest-bearing net debt increased by SEK 367 million in the quarter and decreased by SEK 290 million in the past 12-month period, to SEK 9,896 million. The change compared to 30 June 2025 is primarily explained by strong cash flow from operating activities, partly offset by acquisitions of
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 5 subsidiaries and minority shares, other investments, repurchase of treasury shares, dividends and new leasing agreements. Interest-bearing net debt/EBITDA, based on adjusted EBITDA for the past 12-month period (RTM), was 2.4x (2.4). This level is within Storskogen’s target range of 2-3x. The Group’s total net debt, which includes liabilities for contingent considerations and minority options, increased by SEK 496 million in the quarter, and decreased by SEK 242 million in the past 12-month period, to SEK 11,715 million. MATURITY STRUCTURE OF THE DEBT PORTFOLIO OTHER INFORMATION RTM (rolling 12 months pro forma) If Storskogen had owned all its subsidiaries as of 30 June throughout the past 12-month period (RTM), and excluded divested subsidiaries for the whole period, the Group would have generated net sales of SEK 33,320 million, adjusted EBITDA of SEK 4,159 million and adjusted EBITA of SEK 3,128 million, corresponding to an adjusted EBITA margin of 9.4 percent. NET SALES BY BUSINESS AREA AND FOR THE GROUP OPERATING PROFIT BY BUSINESS AREA AND FOR THE GROUP SEK m Amount Maturity Margin (+3m Stibor) Bond 1 1,250 H2 2027 3.75% Bond 2 1,250 H2 2028 3.25% Bond 3 1,250 H1 2029 2.90% Bond 4 1,000 H1 2030 2.65% Bank loan 3,605 H2 2028 Revolving credit facility 1,000 H1 2029 Installment contract 318 Other 42 Total interest bearing liabilities 9,715 Jul-Jun Full-year SEK m 2026 2025 ∆% 2026 2025 ∆% 25/26 2025 Services 2,587 2,374 9 4,734 4,509 5 9,458 9,232 Trade 2,315 2,349 -1 4,473 4,589 -3 9,472 9,588 Industry 3,967 3,738 6 7,524 7,317 3 14,525 14,319 Operations 8,870 8,462 5 16,732 16,415 2 33,455 33,139 Group operations and eliminations -9 -10 -20 -22 -39 -42 Net sales, Group 8,861 8,452 5 16,712 16,392 2 33,416 33,097 Q2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 ∆% 2026 2025 ∆% 25/26 2025 Services 267 256 4 432 492 -12 941 1,001 Trade 212 225 -6 365 393 -7 803 831 Industry 435 387 12 775 737 5 1,464 1,426 Group operations -50 -25 -70 -80 -131 -141 Adjusted EBITA 864 843 2 1,502 1,542 -3 3,077 3,117 Reversal of adjusted items -28 -9 -94 -29 -93 -29 EBITA 835 833 0 1,409 1,513 -7 2,984 3,088 Amortisation and impairment of intangible non-current assets -175 -172 -343 -349 -691 -697 Operating profit, EBIT 660 661 -0 1,065 1,164 -8 2,293 2,391 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 6 DEVELOPMENT Net sales in the Services business area increased by 9 percent to SEK 2,587 million (2,374) in the second quarter and by 5 percent to SEK 4,734 million (4,509) in the first six months of year. Organic sales growth was 3 percent in the first six months. In addition, acquisitions contributed positively. Adjusted EBITA increased by 4 percent to SEK 267 million (256) in the second quarter and decreased by 12 percent to SEK 432 million (492) in the first six months. The adjusted EBITA margin was thus 10.3 percent (10.8) in the quarter and 9.1 percent (10.9) in the first six months. Organic EBITA growth was -19 percent in the first six months. Contributions from acquisitions were partly offset by negative exchange rate effects. The second quarter is characterised by higher activity than the first quarter of the year. Both sales and EBITA increased compared with the same quarter last year. While an overall improved demand was observed, the market situation remains uncertain for several business units, particularly those exposed to the construction sector. The lower margin compared to last year was primarily driven by a shift in the sales mix, with business units recording a stronger sales recovery operating in segments with structurally lower margins. Some of the business units were also negatively affected by higher material and fuel costs as well as a continued highly competitive market situation, which contributed to increased price pressure. Business units within digital services and logistics delivered solid results in the quarter, and several business units anticipate continued strong demand when looking ahead. OUTLOOK Following the developments in the second quarter, the outlook for the second half of the year is cautiously optimistic. Meanwhile, markets remain highly competitive, and geopolitical and macroeconomic factors may continue to impact certain business units through increased material and fuel costs. TRANSACTIONS IN THE QUARTER In the quarter, one platform acquisition was completed, Safi, which delivers fire safety solutions in Singapore. Two add-on acquisitions to the chimney sweeping group SoVent Group were also completed. In the quarter, the VästMark business unit was integrated into the Agnesbergs Grävtjänst i Kungälv business unit. Jul-Jun Full-year SEK m 2026 2025 ∆% 2026 2025 ∆% 25/26 2025 Net sales 2,587 2,374 9 4,734 4,509 5 9,458 9,232 Adjusted EBITA 267 256 4 432 492 -12 941 1,001 Adjusted EBITA margin, % 10.3 10.8 9.1 10.9 10.0 10.8 Average number of employees 3,106 3,184 3,141 Number of business units, end of period 53 52 53 52 53 53 Q2 Jan-Jun NET SALES, SEK M ADJUSTED EBITA MARGIN, % SHARE OF GROUP NET SALES, Q2 2026 NET SALES PER VERTICAL %, Q2 2026 BUSINESS AREA SERVICES 0% 3% 6% 9% 12% 15% 18% 21% 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200 3,400 MSEK 29% 56% 44% Infrastructure Services Business Services
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 7 DEVELOPMENT Net sales in the Trade business area decreased by 1 percent to SEK 2,315 million (2,349) in the second quarter and by 3 percent to SEK 4,473 million (4,589) in the first six months of the year. Organic sales growth was 2 percent in the first six months, partly offset by divestments and acquisitions, as well as negative exchange rate effects. Adjusted EBITA decreased by 6 percent to SEK 212 million (225) in the second quarter and by 7 percent to SEK 365 million (393) in the first six months. The adjusted EBITA margin was thus 9.1 percent (9.6) in the quarter and 8.2 percent (8.6) in the first six months. Organic EBITA growth was -8 percent in the first six months. Contribution from divestments and acquisitions were partly offset by negative exchange rate effects. Professional Products reported a quarter with sales growth and improved profitability. Several of the vertical’s specialised distribution businesses, within both industrial and professional product niches, developed well with an overall good demand, not least for their own brands. Most business units in Consumer Products developed well compared to last year. This was offset by some business units in the health and beauty segment. These business units experienced a weaker market, as in the first quarter, where several Scandinavian customers focused on optimising working capital and inventory levels, leading to lower demand. OUTLOOK The third quarter is seasonally somewhat weaker than the second quarter. Demand within Professional Products is expected to remain solid, and the positive signals in the consumer climate persist, even though the market continues to be characterised by restraint. Focus remains on cost control, pricing strategy, and profitability improvement initiatives. TRANSACTIONS IN THE QUARTER No acquisitions or divestments were completed in the quarter. Jul-Jun Full-year SEK m 2026 2025 ∆% 2026 2025 ∆% 25/26 2025 Net sales 2,315 2,349 -1 4,473 4,589 -3 9,472 9,588 Adjusted EBITA 212 225 -6 365 393 -7 803 831 Adjusted EBITA margin, % 9.1 9.6 8.2 8.6 8.5 8.7 Average number of employees 1,774 2,079 2,096 Number of business units, end of period 25 25 25 25 25 26 Q2 Jan-Jun BUSINESS AREA TRADE NET SALES, SEK M ADJUSTED EBITA MARGIN, % SHARE OF GROUP NET SALES, Q2 2026 NET SALES PER VERTICAL %, Q2 2026 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 MSEK 26% 65% 35% Consumer Products Professional Products
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 8 DEVELOPMENT Net sales in the Industry business area increased by 6 percent to SEK 3,967 million (3,738) in the in the second quarter and by 3 percent to SEK 7,524 million (7,317) in the first six months of the year. Organic sales growth was 5 percent in the first six months. Contribution from acquisitions were offset by negative exchange rate effects. Adjusted EBITA increased by 12 percent to SEK 435 million (387) in the second quarter and by 5 percent to SEK 775 million (737) in the first six months. The adjusted EBITA margin was thus 11.0 percent (10.4) in the quarter and 10.3 percent (10.1) in the first six months. Organic EBITA growth was 7 percent in the first six months, partly offset by negative exchange rate effects. Demand was good for the project companies within Industrial Technologies and Automation, where sales were positively impacted by growth investments made during last year. The business area’s profitability improved year-over-year, driven by both Industrial Technologies and Automation. Strong sales growth in Industrial Technologies continues to have a somewhat counteracting effect on the business area’s margin, as this vertical operates with structurally lower margins compared to Automation. The weaker market situation was still noted for business units with larger production facilities, mainly in Product Solutions, as a result of indirect exposure to the consumer and construction sectors. This had a negative impact on profitability, mostly due to lower capacity utilisation, The business area continues to focus on sales development and cost efficiency and has implemented price increases to offset higher raw material costs, all of which contributed positively to the business area’s profitability. OUTLOOK Order intake was solid in the quarter, and the orderbook is thus still strong. External factors, such as geopolitical unrest and trade policy risks, continue to make it difficult to predict when a broader recovery might occur. However, global trends such as automation, digitalisation and the green transition are expected to continue to support the business area’s growth. TRANSACTIONS IN THE QUARTER In the quarter, one platform acquisition was completed, Darlington EMS, a leading electronics parts and components manufacturer in the United Kingdom. Jul-Jun Full-year SEK m 2026 2025 ∆% 2026 2025 ∆% 25/26 2025 Net sales 3,967 3,738 6 7,524 7,317 3 14,525 14,319 Adjusted EBITA 435 387 12 775 737 5 1,464 1,426 Adjusted EBITA margin, % 11.0 10.4 10.3 10.1 10.1 10.0 Average number of employees 4,999 4,869 4,855 Number of business units, end of period 36 35 36 35 36 35 Q2 Jan-Jun BUSINESS AREA INDUSTRY NET SALES, SEK M ADJUSTED EBITA MARGIN, % SHARE OF GROUP NET SALES, Q2 2026 NET SALES PER VERTICAL %, Q2 2026 0% 3% 6% 9% 12% 15% 18% 2,200 2,400 2,600 2,800 3,000 3,200 3,400 3,600 3,800 4,000 MSEK 45% 38% 32% 30% Industrial Technologies Automation Product Solutions
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 9 Transactions ACQUISITIONS In the second quarter, Storskogen completed one platform acquisition in the Industry business area, and one platform acquisition and two add-on acquisitions in the Services business area. The companies that were acquired in the quarter had a total of 168 employees, annual sales of approximately SEK 214 million and annual EBITA of approximately SEK 46 million, based on each company’s previous financial year. Platform acquisitions are carried out to broaden and strengthen Storskogen’s position within prioritised investment themes. These companies bring new expertise, complementary offerings and reinforce the Group’s presence in strategically important areas. Add-on acquisitions are carried out to develop and enhance existing business units by adding synergies, scaling well- functioning operations and creating additional profitability and margin expansion over time. For more information on acquisitions completed during the period 1 January – 30 June 2026, see note 4 – Business combinations. Breakdown of acquisitions completed during January–June 2026 by Group business area: DIVESTMENTS In the first quarter, the Swiss business unit Perfect Hair within the Trade business area was divested. The business unit had sales of SEK 278 million and an adjusted EBITA of SEK -22 million, based on the rolling twelve-month results as of February 2026. The number of employees amounted to 93. No divestments were carried out in the second quarter. Capital gain/loss is reported as other operating income/expense in the consolidated income statement. TRANSACTIONS AFTER THE END OF THE PERIOD One platform acquisition was completed in the Trade business area after the end of the quarter, with annual sales of SEK 126 million. One add-on acquisition was completed in the Services business area after the end of the quarter, with annual sales of SEK 20 million. Acquisitions Acquisition date Annual net sales, SEK m Number of employees by acquisition Share of capital/votes, % Acquisition type Acquiring business unit Business area Darlington EMS limited, incl. Subsidiaries April 99 70 90.0 Platform - Industry Ådalens Brandskydd & Sotning AB April 4 3 97.5 Add-on SoVent Group Services Kramfors Sotning & Ventilationssanering AB May 5 5 97.5 Add-on SoVent Group Services Safi Equipment & Services pte ltd May 106 90 60.0 Platform - Services Total 214 168
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 10 Other information EMPLOYEES In the period, the Group had an average of 9,960 employees (10,212). Acquisitions in the quarter added 168 new employees. SHARE CAPITAL On 30 June 2026, the number of shares amounted to 1,687 million, divided into 1,562 million Class B shares and 125 million Class A shares. The Class B shares include 8.9 million shares which Storskogen repurchased at the end of 2025 and in the first quarter of 2026. The purpose of the repurchases was to optimise Storskogen’s capital structure by decreasing capital to create increased value for Storskogen’s shareholders. The Annual General Meeting on 6 May 2026 resolved to authorise the Board of Directors to repurchase shares to be used to ensure future delivery of shares to participants in current and/or future incentive programmes. Share structure on 30 June 2026 For information about Storskogen’s shareholders, see the company website. PARENT COMPANY The Parent Company generated net sales of SEK 2 million (44) in the second quarter. The decrease in net sales in the second quarter was attributable to the transfer of management activities to Storskogen Management AB during the third quarter of 2025. Net sales consist of intra-Group management services, which will mainly be reported in Storskogen Management AB going forward. Profit amounted to SEK 61 million (-40) in the quarter. The improved profit compared to the previous year was primarily attributable to positive exchange rate effects on debt receivables from foreign subsidiaries. RELATED-PARTY TRANSACTIONS No significant changes have taken place for the Group or the Parent Company in terms of transactions or relationships with related parties compared with what appears in the Annual Report 2025. 2026 ANNUAL GENERAL MEETING At the Annual General Meeting in Stockholm on 6 May, it was resolved on, among other things, the proposed dividend of SEK 0.11 per share; the re-election of Annette Brodin Rampe (chair), Alexander Bjärgård, Louise Hedberg, Johan Thorell, and the election of Adam Parker to Storskogen’s Board of Directors; the implementation of share-related incentive programmes; and authorisations for the board of directors to issue shares or warrants and to repurchase treasury shares. EVENTS AFTER THE END OF THE PERIOD One platform acquisition was completed in the Trade business area after the end of the quarter, with annual sales of SEK 126 million. One add-on acquisition was completed in the Services business area after the end of the quarter, with annual sales of SEK 20 million. Total EBITA for these acquisitions was SEK 20 million. The number of shares and votes in Storskogen changed in July as a result of a new issue of 8,632,527 Class C1 shares within the framework of the incentive program consisting of hurdle shares (Class C1 shares in Storskogen) implemented by the annual general meeting on 6 May 2026. Class of share Number of shares Number of votes Percentage of capital Percentage of votes Class A shares, 10 votes per share 125,001,374 1,250,013,740 7.4 44.5 Class B shares, 1 vote per share 1,561,723,845 1,561,723,845 92.6 55.5 Total number of shares 1,686,725,219 2,811,737,585 100.0 100.0
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 11 The Chief Executive Officer and the Board of Directors hereby provide assurance that this interim report presents a true and fair view of developments in the Group’s and the Parent Company’s operations, position and results, and describes material risks and uncertainties faced by the Parent Company and the companies in the Group. Stockholm, 11 August 2026 Storskogen Group AB Annette Brodin Rampe Chair of the Board Alexander Bjärgård Board member Louise Hedberg Board member Adam Parker Board member Johan Thorell Board member Christer Hansson CEO This report has not been subject to review by the Company’s auditors.
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 12 Quarterly data SEK m Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Net sales Services 2,587 2,147 2,514 2,210 2,374 2,134 Trade 2,315 2,158 2,668 2,331 2,349 2,240 Industry 3,967 3,557 3,551 3,450 3,738 3,579 Group operations and eliminations -9 -11 -9 -10 -10 -13 Group total 8,861 7,851 8,723 7,982 8,452 7,940 Adjusted EBITA Services 267 166 270 239 256 236 Trade 212 153 228 211 225 168 Industry 435 340 360 329 387 350 Group operations -50 -20 -41 -20 -25 -55 Group total 864 639 816 759 843 700 Adjusted EBITA margin, % Services 10.3 7.7 10.7 10.8 10.8 11.1 Trade 9.1 7.1 8.5 9.0 9.6 7.5 Industry 11.0 9.6 10.1 9.5 10.4 9.8 Group operations - - - - - - Group total 9.7 8.1 9.4 9.5 10.0 8.8 Average number of employees Jan-Jun Jan-Mar Jan-Dec Jan-Sep Jan-Jun Jan-Mar Services 3,106 3,086 3,141 3,147 3,184 3,152 Trade 1,774 1,800 2,096 2,096 2,079 2,076 Industry 4,999 4,969 4,855 4,839 4,869 4,841 Group operations 81 81 82 79 80 80 Group total 9,960 9,936 10,173 10,161 10,212 10,149 Number of business units, end of period 30 Jun 2026 31 Mar 2026 31 Dec 2025 30 Sep 2025 30 Jun 2025 31 Mar 2025 Services 53 53 53 54 52 52 Trade 25 25 26 25 25 25 Industry 36 35 35 35 35 36 Group total 114 113 114 114 112 113
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 13 Financial statements CONSOLIDATED INCOME STATEMENT, CONDENSED For more information on items affecting comparability in the report, see the table on p. 25. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, CONDENSED Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Net sales 8,861 8,452 16,712 16,392 33,416 33,097 Raw materials and consumables -4,884 -4,518 -9,148 -8,687 -18,207 -17,746 Other external expenses -890 -927 -1,783 -1,883 -3,708 -3,807 Personnel costs -2,041 -1,980 -3,964 -3,924 -7,765 -7,725 Other operating income and expense 51 66 102 137 287 322 EBITDA 1,098 1,093 1,919 2,035 4,025 4,141 Depreciation and impairment of tangible assets -263 -260 -511 -522 -1,041 -1,053 EBITA 835 833 1,409 1,513 2,984 3,088 Amortisation and impairment of intangible assets -175 -172 -343 -349 -691 -697 Operating profit (EBIT) 660 661 1,065 1,164 2,293 2,391 Net financial items -146 -297 -302 -495 -613 -806 Profit before tax 514 364 764 669 1,680 1,585 Income tax -134 -104 -214 -193 -407 -386 Profit for the period 379 260 550 476 1,273 1,199 Profit for the period attributable to: Owners of the parent company 350 224 496 419 1,140 1,063 Non-controlling interests 30 36 54 57 133 136 Basic earnings per share, SEK 0.21 0.13 0.30 0.25 0.68 0.63 Diluted earnings per share, SEK 0.21 0.13 0.30 0.25 0.68 0.63 Q2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Profit for the period 379 260 550 476 1,273 1,199 Other comprehensive income Items that will not be transferred to the income statement Remeasurements of defined benefit pension plans 17 -10 19 6 68 54 Total items that will not be transferred to the income statement 17 -10 19 6 68 54 Items that have been or may be transferred to the income statement Exchange differences, foreign operations 220 211 554 -584 79 -1,058 Gains/losses on holding of derivatives for cash flow hedging -9 -17 14 -9 38 15 Total items that have been or may be transferred to the income statement 211 194 567 -592 117 -1,043 Other comprehensive income for the period, net of tax 228 184 587 -587 185 -989 Comprehensive income for the period 608 445 1,137 -110 1,457 210 Comprehensive income for the period attributable to: Owners of the parent company 551 396 1,028 -68 1,329 233 Non-controlling interests 58 49 110 -43 130 -23 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 14 CONSOLIDATED BALANCE SHEET, CONDENSED SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Assets Goodwill 18,531 18,214 18,124 Other intangible assets 4,710 5,098 4,886 Property, plant and equipment 3,714 3,646 3,565 Right-of-use assets 1,611 1,602 1,540 Financial non-current assets 341 295 277 Pension obligation assets 18 12 18 Deferred tax assets 162 155 162 Total non-current assets 29,086 29,021 28,572 Inventories 4,710 4,466 4,382 Trade receivables 4,449 4,272 4,140 Current receivables 3,823 3,431 3,030 Current investments 7 0 0 Cash and cash equivalents 1,412 1,150 1,332 Total current assets 14,401 13,319 12,884 Total assets 43,487 42,340 41,455 Equity and liabilities Total equity 21,262 20,455 20,599 Interest-bearing non-current liabilities 9,383 8,545 8,925 Non-current lease liabilities 1,153 1,140 1,102 Provisions for pensions 201 257 221 Non-interest-bearing non-current liabilities 481 1,156 380 Provisions 89 66 74 Deferred tax liabilities 1,507 1,575 1,504 Total non-current liabilities 12,813 12,740 12,208 Interest-bearing current liabilities 331 1,184 368 Current lease liabilities 476 483 449 Trade payables 2,697 2,520 2,430 Non-interest-bearing current liabilities 5,908 4,959 5,402 Total current liabilities 9,412 9,146 8,649 Total equity and liabilities 43,487 42,340 41,455
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 15 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY, CONDENSED CONSOLIDATED CASH FLOW STATEMENT, CONDENSED SEK m Owners of the parent Non- controlling interest Total equity Owners of the parent Non- controlling interest Total equity Owners of the parent Non- controlling interest Total equity Equity at the beginning of the period 20,597 3 20,599 20,806 1 20,807 20,806 1 20,807 Total comprehensive income for the period 1,028 110 1,138 -68 -43 -111 233 -23 210 Dividends paid -185 -48 -232 -169 -77 -245 -169 -90 -258 Transaction costs on issue of shares, after tax - - - - - - -1 - -1 Repurchase of own shares -9 - -9 - - - -91 - -91 Contributed capital from issued share options 9 - 9 7 - 7 7 - 7 Share-based payment transactions -5 - -5 -25 - -25 -29 - -29 Change in liability for put options attributable to non-controlling interests -233 -34 -267 -30 193 163 -178 589 411 Change in ownership of subsidiaries 61 -113 -53 -68 -72 -140 18 -482 -464 Acquisition of business with non-controlling intestest, control obtained - 83 83 - - - - 52 52 Divestment of business with non-controlling interests, control lost - - - - 0 0 - -45 -45 Equity at the end of the period 21,261 1 21,262 20,452 2 20,455 20,597 3 20,599 30 Jun 2026 30 Jun 2025 31 Dec 2025 Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Profit before tax 514 364 764 669 1,680 1,585 Adjustment for non-cash items 467 578 908 992 1,725 1,809 Income tax paid -138 -155 -392 -325 -459 -392 Change in working capital -378 -260 -626 -695 -482 -551 Cash flow from operating activities 465 527 653 640 2,464 2,451 Net investments in non-current assets -218 -110 -343 -263 -555 -475 Business combinations and divestments -181 -182 -204 -185 -777 -759 Cash flow from investing activities -399 -292 -546 -448 -1,331 -1,233 Treasury shares (repurchase own shares) - - -9 - -100 -91 Dividend to owners of the parent company -185 -169 -185 -169 -185 -169 Dividends to minority owners -27 -67 -48 -77 -61 -90 Proceeds from borrowings 456 3,438 486 3,461 705 3,680 Repayment of borrowings -59 -3,275 -158 -3,767 -704 -4,314 Settlement of derivatives related to financing 86 30 104 -86 -4 -194 Repayment of lease liability -131 -132 -253 -269 -539 -555 Other financing activities 9 7 9 7 9 6 Cash flow from financing activities 150 -167 -54 -900 -879 -1,725 Cash flow for the period 216 69 53 -708 254 -508 Cash and cash equivalents at beginning of period 1,184 1,078 1,332 1,899 1,150 1,899 Exchange rate differences in cash and cash equivalents 11 3 27 -41 8 -60 Cash and cash equivalents at end of period 1,412 1,150 1,412 1,150 1,412 1,332 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 16 Notes NOTE 1 – ACCOUNTING POLICIES, ESTIMATES AND ASSUMPTIONS Accounting policies Storskogen applies International Financial Reporting Standards (IFRS), as admitted by the EU. The Group’s interim report has been prepared in accordance with the relevant sections of the Annual Accounts Act and IAS 34 Interim Financial Reporting. The Parent Company’s interim report has been prepared in accordance with the Annual Accounts Act, Chapter 9: Interim Reporting. The Parent Company applies RFR 2. The same accounting policies and assumptions have been applied for the Group and the Parent Company as in the most recent annual report. No new or amended standards have had or are expected to have any material effect on the Group. All amounts in this report are expressed in millions of Swedish kronor (SEK m) unless otherwise indicated. Rounding differences may occur. Risks and uncertainties Storskogen’s operations and business units are exposed to risks that may impact the Group. The risks are assessed to be mitigated by the Group’s diversified operations and are managed through the Group’s finance function and operational business. A more in-depth account of the risks that the Group is exposed to can be found in Storskogen’s Annual and Sustainability Report 2025. Geopolitical and macroeconomic unrest, including ongoing conflicts and geopolitical tension in different parts of the world, may have a certain impact on business units through potential disruptions in operations. Continued escalation or proliferation of such events may lead to increased uncertainty in the world, which in turn may potentially affect Storskogen’s results and financial position. Macroeconomic factors such as trade barriers, inflation, sanctions on certain countries, high interest rates, volatile commodity prices and exchange rates, as well as disruptions in distribution and supply chains may also have an impact on the Group’s results. Estimates and assessments The preparation of the report has required management to make assessments, estimates and assumptions that affect the application of the accounting policies and the carrying amounts of assets, liabilities, income and expenses. Actual outcomes may differ from these estimates and assessments. The critical assessments and sources of uncertainty in estimates are the same as in the most recent annual report.
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 17 NOTE 2 – ITEMS BY SEGMENT AND BREAKDOWN OF REVENUE Net sales, geographical distribution ITEMS BY SEGMENT AND BREAKDOWN OF REVENUE Net sales, geographical distribution 2026 Jan-Jun, SEK m Services Trade Industry Group operations and eliminations Total Net sales 4,734 4,473 7,524 -20 16,712 Raw materials and consumables -2,216 -2,855 -4,105 28 -9,148 Other expenses and other operating income -1,889 -1,220 -2,454 -83 -5,645 EBITDA 630 399 965 -75 1,919 Depreciation and impairment of tangible assets -197 -109 -201 -3 -511 EBITA 433 290 764 -78 1,409 Amortisation and impairment of intangible assets -95 -90 -159 - -343 Operating profit (EBIT) 338 201 605 -78 1,065 Net financial items -11 -30 -38 -223 -302 Profit before tax 328 170 566 -301 764 Items affecting comparability 0 75 12 8 94 Adjusted EBITA 432 365 775 -70 1,502 2026 Jan-Jun, SEK m Services Trade Industry Group operations and eliminations Total Sweden 3,054 2,303 2,160 -20 7,496 Denmark 272 277 190 - 739 Finland 53 213 105 - 371 Germany 264 174 870 - 1,307 Other countries within the EU 46 317 839 - 1,201 Norway 343 534 371 - 1,248 Switzerland 326 98 86 - 510 UK 181 548 1,231 - 1,961 USA 3 2 1,007 - 1,012 Other countries outside the EU 194 7 665 - 867 Total net sales 4,734 4,473 7,524 -20 16,712 2025 Jan-Jun, SEK m Services Trade Industry Group operations and eliminations Total Net sales 4,509 4,589 7,317 -22 16,392 Raw materials and consumables -2,003 -2,755 -3,952 23 -8,687 Other expenses and other operating income -1,849 -1,322 -2,415 -84 -5,670 EBITDA 657 512 950 -83 2,035 Depreciation and impairment of tangible assets -190 -119 -208 -5 -522 EBITA 466 393 742 -88 1,513 Amortisation and impairment of intangible assets -105 -89 -155 -0 -349 Operating profit (EBIT) 361 304 587 -88 1,164 Net financial items -13 -80 -29 -374 -495 Profit before tax 348 225 558 -463 669 Items affecting comparability 26 -0 -4 9 29 Adjusted EBITA 492 393 737 -80 1,542 2025 Jan-Jun, SEK m Services Trade Industry Group operations and eliminations Total Sweden 2,961 2,273 2,227 -22 7,439 Denmark 300 176 180 - 656 Finland 44 141 174 - 360 Germany 229 158 817 - 1,204 Other countries within the EU 43 367 997 - 1,406 Norway 379 776 362 - 1,517 Switzerland 312 200 85 - 597 UK 166 486 1,072 - 1,724 USA 5 4 847 - 856 Other countries outside the EU 70 8 555 - 634 Total net sales 4,509 4,589 7,317 -22 16,392
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 18 NOTE 3 – REVENUE FROM CUSTOMER CONTRACTS Net sales by vertical Timing of revenue recognition Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Business Services 1,131 965 2,121 1,924 4,118 3,922 Infrastructure Services 1,461 1,422 2,623 2,602 5,365 5,345 Intragroup sales within the business area -5 -12 -9 -18 -25 -34 Total, Services segment 2,587 2,374 4,734 4,509 9,458 9,232 Consumer Products 1,512 1,559 2,886 3,023 6,276 6,413 Professional Products 806 793 1,591 1,574 3,211 3,194 Intragroup sales within the business area -2 -4 -4 -8 -15 -19 Total, Trade segment 2,315 2,349 4,473 4,589 9,472 9,588 Automation 1,262 1,207 2,328 2,399 4,639 4,710 Industrial Technologies 1,518 1,396 2,974 2,700 5,633 5,359 Product Solutions 1,194 1,144 2,234 2,235 4,278 4,279 Intragroup sales within the business area -6 -9 -12 -17 -25 -30 Total, Industry segment 3,967 3,738 7,524 7,317 14,525 14,319 Intragroup sales eliminations -9 -10 -20 -22 -39 -42 Total 8,861 8,452 16,712 16,392 33,416 33,097 Q2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 25/26 2025 Goods and services transferred at a point in time Services 3,303 3,168 6,410 6,276 Trade 4,461 4,573 9,446 9,559 Industry 4,943 5,952 8,373 9,382 Sum goods and services transferred at a point in time 12,707 13,694 24,230 25,217 Goods and services transferred over time Services 1,432 1,340 3,048 2,956 Trade 13 16 26 29 Industry 2,581 1,365 6,152 4,937 Sum goods and services transferred over time 4,025 2,721 9,226 7,922 Group operations and eliminations -20 -22 -39 -42 Total 16,712 16,392 33,416 33,097 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 19 NOTE 4 – BUSINESS COMBINATIONS Preliminary purchase price allocation for the year Refers to acquisitions completed during the period January to June 2026: Purchase considerations and assessments Purchase considerations for acquisitions in the period totalled SEK 220 million, of which SEK 171 million has been recognised as goodwill, including adjustments of preliminary purchase price allocation from previous years. The impact of business combinations on the Group’s cash and cash equivalents was SEK -141 million. No material changes were made during the period to the Group’s purchase price allocation for previous years’ acquisitions. The purchase price allocation related to recently completed acquisitions may be subject to adjustment within the measurement period defined by IFRS 3, during which new or corrected information may affect the final purchase price allocation. All acquisitions have been reported using the acquisition method. Total cash flow from business combinations and divestments Cash flow from business combinations and divestments were impacted in their entirety by the following transactions. Goodwill At business combinations where transferred compensation exceeds the fair value of acquired assets and gained liabilities reported separately, the difference is recognised as goodwill. The value of goodwill is primarily justified by anticipated synergies, the value of employee expertise, established processes and organisational structures, a strengthened market position, as well as other future economic benefits that cannot be individually identified and reported separately. Goodwill in the Group is impairment tested as needed, at least annually, for each cash- generating unit. Other identified surplus values The amounts recognised for intangible assets, such as customer relationships, brands, technology, licenses, and inventory have been measured at the discounted value of future cash flows. Other assets that have been identified and recognised at acquisitions, during the year or earlier, relate to buildings and inventory. For more information about depreciation times, see the latest annual report. Acquisition-related expenses Acquisition-related expenses consist of fees to advisers in connection with due diligence. These expenses are recognised as administrative expenses in the income statement. Acquisition- related expenses for acquisitions during the year totalled SEK 3 million (0). Contingent considerations At the time of the transaction, a contingent consideration is measured at fair value by calculating the present value of the likely outcome using a discount rate of 11.4 percent (11.4 percent on 31 December 2025). The likely outcome is based on the Group’s projections for the respective entity and is dependent on future earnings generated by the entity, with a set maximum. The discounted value of unpaid contingent considerations for the period’s acquisitions was SEK 2 million (3), while the total liability recognised for discounted contingent considerations on 30 June 2026 was SEK 80 million (51). Non-controlling interests The Group measures holdings where it does not have a controlling interest at fair value based on full goodwill using the latest known market value, which is defined as the purchase price in respective acquisition. Acquisition-related disclosures The business combinations during the period consist of both asset and share acquisitions. Effect of acquisitions on the consolidated statement of profit or loss for January-June 2026 SEK m Services Trade Industry Total Intangible assets 22 - 32 53 Other non-current assets 14 - 8 23 Inventories 0 - 11 11 Other current assets 14 - 16 30 Cash and cash equivalents 52 - 25 77 Deferred tax assets/tax liabilities -3 - -10 -14 Liabilities to credit institutions -1 - - -1 Other liabilities -35 - -12 -47 Acquired net assets 63 - 69 132 Goodwill 128 3 40 171 Non-controlling interests -71 -1 -11 -83 Purchase price 120 2 98 220 Less cash and cash equivalents in acquired operations -52 - -25 -77 Less unpaid contingent consideration -2 - - -2 Less unpaid initial purchase price -0 - - -0 Effect on consolidated cash and cash equivalents 65 2 73 141 SEK m Business combinations -141 Acquisition of minority shares -55 Divestment of minority shares 2 Paid contingent considerations, acquisitions previous years -10 Divestment of operations - Cash flow from business combinations and divestments -204 Change in the Group's goodwill, SEK m Opening balance Acquisi- tions Impairment Divest- ments Currency effects Closing balance Goodwill 18,124 171 -5 -6 247 18,531 SEK m Services Trade Industry Total Effect after the acquisition date Net sales 19 - 23 41 Adjusted EBITA 5 - 2 7 Profit for the period 2 - 2 4 Effect if acquisitions was completed 1 January Net sales 56 - 48 104 Adjusted EBITA 14 - 4 17 Profit for the period 7 - 3 9
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 20 NOTE 5 - THE GROUP’S MEASUREMENT OF FINANCIAL ASSETS AND LIABILITIES 1 The total liability measured through OCI amount ed to SEK 23 million (38) and refers to interest rate derivatives. The total liability measured through equity amounts to SEK 1,740 million (1,473) and refers to the Group’s minority option liability. For further information on the assessments and application of accounting principles regarding to the minority option liability, see the 2025 Annual Report. Fair value measurement Fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The following tables show how financial instruments are measured at fair value in accordance with the fair value hierarchy. The various levels in the hierarchy are defined as follows: Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 – Input data other than quoted prices included in level 1 that are observable for the asset or liability, either directly (i.e. as price quotations) or indirectly (i.e. originating from price quotations) Level 3 – Input data for the asset or liability that are not based on observable market data (i.e. unobservable input data) Fair value for informational purposes The carrying amounts of assets and liabilities measured at amortised cost are considered an accurate approximation of their fair values. Given the short fixed interest-rate periods and the maturity of the items, calculations indicate that the difference between amortised cost and fair value is not significant. Financial assets, SEK m Financial assets measured at amortised cost Financial assets measured at fair value through profit or loss Financial assets measured at fair value through OCI Total carrying amount Financial assets measured at amortised cost Financial assets measured at fair value through profit or loss Financial assets measured at fair value through OCI Total carrying amount Financial non-current assets 261 82 5 348 227 49 1 277 Trade receivables 4,449 - - 4,449 4,140 - - 4,140 Current receivables 1,012 19 - 1,031 871 6 - 876 Current investments - 0 - 0 - 0 - 0 Cash and cash equivalents 1,412 - - 1,412 1,332 - - 1,332 Total 7,134 101 5 7,239 6,569 55 1 6,625 30 Jun 2026 31 Dec 2025 Financial liabilities, SEK m Financial liabilities measured at amortised cost Financial liabilities measured at fair value through profit or loss Financial liabilities measured at fair value through OCI / Equity ¹ Total carrying amount Financial liabilities measured at amortised cost Financial liabilities measured at fair value through profit or loss Financial liabilities measured at fair value through OCI / Equity ¹ Total carrying amount Interest-bearing non-current liabilities 9,367 - 16 9,383 8,911 - 14 8,925 Non-interest-bearing non-current liabilities 41 61 379 481 36 50 294 380 Interest-bearing current liabilities 320 4 7 331 329 15 24 368 Trade payables 2,697 - - 2,697 2,430 - - 2,430 Non-interest-bearing current liabilities 2,648 19 1,360 4,027 2,384 25 1,178 3,588 Total 15,073 84 1,763 16,920 14,091 90 1,510 15,692 30 Jun 2026 31 Dec 2025
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 21 Level 2 derivatives have been measured at fair value based on data from counterparty. Bonds in level 2 have been valued at fair value via derivation from price quotations. Financial non-current assets in level 3 refer to unlisted shareholdings that are not measured based on observable market data. The fair value of contingent considerations and minority options has been calculated on the basis of expected outcome against the targets set out in the contracts, using a discount rate of 11.4 percent (11.4 percent on 31 December 2025). Financial assets, SEK m Level 1 Level 2 Level 3 Other ¹ Difference in fair value and book value, related to market quoted bonds Total carrying amount Level 1 Level 2 Level 3 Other ¹ Difference in fair value and book value, related to market quoted bonds Total carrying amount Financial non-current assets - 5 82 261 - 348 - 1 49 227 - 277 Trade receivables - - - 4,449 - 4,449 - - - 4,140 - 4,140 Current receivables - 19 - 1,012 - 1,031 - 6 - 871 - 876 Current investments 0 - - - - 0 0 - - - - 0 Cash and cash equivalents 1,412 - - - - 1,412 1,332 - - - - 1,332 Total 1,412 23 82 5,722 - 7,239 1,332 7 49 5,237 - 6,625 31 Dec 202530 Jun 2026 Financial liabilities, SEK m Level 1 Level 2 Level 3 Other ¹ Difference in fair value and book value, related to market quoted bonds Total carrying amount Level 1 Level 2 Level 3 Other ¹ Difference in fair value and book value, related to market quoted bonds Total carrying amount Interest-bearing non-current liabilities - 4,859 - 4,641 -117 9,383 - 4,864 - 4,190 -129 8,925 Non-interest-bearing non-current liabilities - - 441 41 - 481 - - 344 36 - 380 Interest-bearing current liabilities - 11 - 320 - 331 - 39 - 329 - 368 Trade payables - - - 2,697 - 2,697 - - - 2,430 - 2,430 Non-interest-bearing current liabilities - - 1,379 2,648 - 4,027 - - 1,204 2,384 - 3,588 Total - 4,870 1,819 10,348 -117 16,920 - 4,903 1,548 9,370 -129 15,692 31 Dec 202530 Jun 2026 1 To enable reconciliation with items in the balance sheet, financial instruments not measured at fair value have been included in ‘Other’. Change in financial liabilities Level 3, SEK m OB Acquisition Paid / Net purchase or sale of minority interests Remeasured / present value Exchange difference CB Contingent considerations 75 2 -10 11 2 80 Minority options 1,473 76 -52 205 38 1,740 Total 1,549 1,819
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 22 NOTE 6 – EARNINGS PER SHARE Basic earnings per share is calculated by dividing the net profit for the period attributable to the owners of the Parent Company by the weighted average number of shares outstanding during the period. When calculating diluted earnings per share, the dilution effect of potential shares and the weighted average of the additional shares that would have been outstanding in a conversion of all potential shares are taken into account. In accordance with the Company’s Articles of Association, each share of Class A and Class B carry equal rights to the Company’s assets and profits. PERFORMANCE MEASURES Jul-Jun Full-year SEK 2026 2025 2026 2025 25/26 2025 Earnings per share Basic earnings per share, SEK 0.21 0.13 0.30 0.25 0.68 0.63 Diluted earnings per share, SEK 0.21 0.13 0.30 0.25 0.68 0.63 SEK m Net profit for the period attributable to owners of the parent company Net profit for the period attributable to owners of the parent company 350 224 496 419 1,140 1,063 Number Weighted average number of shares used in calculating earnings per share after dilution Weighted average number of shares, Class A shares 125,001,374 132,001,374 125,001,374 139,612,485 128,365,263 134,476,374 Weighted average number of shares, Class B shares 1,552,962,090 1,554,734,720 1,552,936,561 1,547,480,707 1,553,271,939 1,551,554,470 Total weighted average number of shares 1,677,963,464 1,686,736,094 1,677,937,935 1,687,093,192 1,681,637,202 1,686,030,844 Jan-JunQ2 Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Net sales 8,861 8,452 16,712 16,392 33,416 33,097 Adjusted EBITDA 1,126 1,103 2,013 2,065 4,118 4,170 Adjusted EBITA 864 843 1,502 1,542 3,077 3,117 Adjusted EBITA margin, % 9.7 10.0 9.0 9.4 9.2 9.4 Operating profit 660 661 1,065 1,164 2,293 2,391 Operating margin, % 7.4 7.8 6.4 7.1 6.9 7.2 Profit before tax 514 364 764 669 1,680 1,585 Profit for the period 379 260 550 476 1,273 1,199 Working capital 5,281 5,092 5,281 5,092 5,281 5,015 Return on working capital, % (12 months) 58.3 62.3 58.3 62.3 58.3 62.2 Return on equity, % (12 months) 6.1 5.5 6.1 5.5 6.1 5.8 Return on equity, adjusted, % (12 months) 6.6 6.0 6.6 6.0 6.6 6.4 Return on capital employed, % (12 months) 10.0 10.4 10.0 10.4 10.0 10.2 Equity/assets ratio, % 48.9 48.3 48.9 48.3 48.9 49.7 Interest-bearing net debt 9,896 10,186 9,896 10,186 9,896 9,513 Net debt 11,715 11,957 11,715 11,957 11,715 11,061 Debt/equity ratio, x 0.6 0.6 0.6 0.6 0.6 0.5 Interest-bearing net debt/adjusted RTM EBITDA (12 months), x 2.4 2.4 2.4 2.4 2.4 2.3 Interest coverage ratio, x 4.3 2.6 3.6 2.7 3.8 3.2 Average number of employees 9,960 10,212 10,173 Number of employees at end of period 10,627 10,726 10,627 10,726 10,627 10,501 Cash flow from operating activities 465 527 653 640 2,464 2,451 Adjusted cash conversion, % 48.0 66.5 53.4 53.8 73.8 73.8 Basic earnings per share, SEK 0.21 0.13 0.30 0.25 0.68 0.63 Diluted earnings per share, SEK 0.21 0.13 0.30 0.25 0.68 0.63 Adjusted diluted earnings per share, SEK 0.23 0.19 0.35 0.31 0.74 0.70 Items affecting comparability, EBITA -28 -9 -94 -29 -93 -29 Items affecting comparability, profit for the period -33 -89 -98 -110 -98 -109 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 23 Parent company PARENT COMPANY STATEMENT OF PROFIT OR LOSS, CONDENSED PARENT COMPANY STATEMENT OF COMPREHENSIVE INCOME PARENT COMPANY BALANCE SHEET, CONDENSED Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Net sales 2 44 4 88 33 117 Other external expenses -9 -18 -17 -35 -36 -54 Personnel costs -8 -40 -19 -90 -41 -113 Other operating income and expense 0 0 0 0 0 0 Depreciation/Amortisation and impairment of assets 0 0 0 0 0 0 Operating profit -16 -20 -32 -47 -35 -50 Financial income and expenses 96 -30 207 -50 748 491 Profit after financial items 81 -50 174 -98 712 440 Appropriations - 0 - - 221 220 Tax -20 10 -45 20 -64 0 Profit for the period 61 -40 130 -78 869 660 Q2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Profit for the period 61 -40 130 -78 869 660 Comprehensive income for the period 61 -40 130 -78 869 660 Q2 Jan-Jun SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Assets Intangible assets 0 0 0 Property, plant and equipment 1 2 1 Financial assets 28,974 28,358 29,204 Total non-current assets 28,975 28,360 29,206 Current receivables 4,720 4,254 4,584 Cash and cash equivalents 741 622 775 Total current assets 5,461 4,875 5,359 Total assets 34,436 33,236 34,564 Equity and liabilities Restricted equity 1 1 1 Unrestricted equity 18,589 18,009 18,647 Total equity 18,590 18,010 18,648 Non-current liabilities 9,121 8,376 8,716 Current liabilities 6,725 6,850 7,200 Total equity and liabilities 34,436 33,236 34,564
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 24 Definitions of alternative performance measures ALTERNATIVE PERFORMANCE MEASURES Storskogen presents a number of alternative performance measures that are not defined in accordance with IFRS. The Company considers these measures to provide valuable supplementary information to investors and the Company’s management, as they allow an evaluation of trends and the Company’s performance. As not all companies calculate these measures in the same way, they are not always comparable with those used by other companies. These financial measures should therefore not be seen as a replacement for measures defined according to IFRS. A selection of definitions of Storskogen’s alternative performance measures are presented below. More detailed definitions can be found in the latest annual report. In addition, a Factbook with an overview of all alternative performance measures is published in connection with each interim report. RETURN ON EQUITY The purpose is to analyse profitability in relation to equity attributable to the Parent Company shareholders. RETURN ON EQUITY, ADJUSTED The purpose is to analyse profitability in relation to equity attributable to the Parent Company shareholders, adjusted for items affecting comparability. RETURN ON WORKING CAPITAL The purpose is to analyse profitability in relation to working capital. RETURN ON CAPITAL EMPLOYED The purpose is to analyse profitability in relation to capital employed. NET FINANCIAL ITEMS The purpose is to present developments in the Group’s financial activities. Full-year SEK m 25/26 24/25 2025 Profit for the period 1,273 1,120 1,199 Equity (Average of last 12 months) 20,764 20,304 20,540 Return on equity, % 6.1 5.5 5.8 Jul-Jun Full-year SEK m 25/26 24/25 2025 Profit for the period 1,273 1,120 1,199 Reversal of items affecting comparability, profit for the period 98 90 109 Profit for the period, adjusted 1,371 1,210 1,308 Equity (Average of last 12 months) 20,764 20,304 20,540 Return on equity, adjusted, % 6.6 6.0 6.4 Jul-Jun Full-year SEK m 25/26 24/25 2025 Adjusted EBITA 3,077 3,174 3,117 Working capital (Average of last 12 months) 5,281 5,092 5,015 Return on working capital, % 58.3 62.3 62.2 Jul-Jun Full-year SEK m 25/26 24/25 2025 Adjusted EBITA 3,077 3,174 3,117 Capital employed (Average of last 12 months) 30,652 30,641 30,446 Return on capital employed, % 10.0 10.4 10.2 Jul-Jun Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Interest income 11 12 22 25 59 61 Interest expenses -156 -260 -300 -445 -623 -768 Financial expenses -13 -12 -26 -23 -53 -50 Exchange rate changes and other 13 -37 1 -52 4 -49 Net financial items -146 -297 -302 -495 -613 -806 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 25 ADJUSTED EBITA The purpose is to assess the Group’s operating activities. Adjusted EBITA facilitates comparison of EBITA between periods. ADJUSTED EBITA MARGIN The purpose is to give an indication of profitability in relation to sales. ADJUSTED CASH CONVERSION The purpose is to analyse cash conversion. ADJUSTED DILUTED EARNINGS PER SHARE The purpose is to facilitate comparison of earnings per share between periods. ITEMS AFFECTING COMPARABILITY Exclusion of items affecting comparability facilitates comparison of the profit between periods. *Q2 2026 refers to closure of Gullängets Mekaniska Verkstad AB, a subsidiary to ARAT Group. Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 EBITA 835 833 1,409 1,513 2,984 3,088 Reversal of items affecting comparability, EBITA 28 9 94 29 93 29 Adjusted EBITA 864 843 1,502 1,542 3,077 3,117 Q2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Adjusted EBITA 864 843 1,502 1,542 3,077 3,117 Net sales 8,861 8,452 16,712 16,392 33,416 33,097 Adjusted EBITA margin, % 9.7 10.0 9.0 9.4 9.2 9.4 Q2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Adjusted EBITDA 1,126 1,103 2,013 2,065 4,118 4,170 Change in working capital -378 -260 -626 -695 -482 -551 Cash flow from net investments in non-current assets defined as Capex -208 -110 -313 -259 -596 -542 Operating cash flow 540 733 1,074 1,110 3,041 3,077 Adjusted EBITDA 1,126 1,103 2,013 2,065 4,118 4,170 Adjusted cash conversion, % 48.0 66.5 53.4 53.8 73.8 73.8 Q2 Jan-Jun 2026 2025 2026 2025 25/26 2025 Net profit for the period attributable to owners of the parent company, SEK m 350 224 496 419 1,140 1,063 Reversal of items affecting comparability, SEK m 33 89 98 110 98 109 Total 383 314 594 528 1,238 1,172 Total weighted average number of shares after dilution, millions 1,678 1,687 1,678 1,687 1,682 1,686 Adjusted diluted earnings per share, SEK 0.23 0.19 0.35 0.31 0.74 0.70 Jul-JunQ2 Jan-Jun Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Remeasurement of contingent considerations -11 -1 -11 -21 0 -10 Stamp tax on foreign business combinations -1 0 -1 0 -4 -3 Central restructuring costs -7 -9 -7 -9 -7 -9 Capital gain/loss from divestment of business* -10 - -75 - -82 -7 Items affecting comparability, EBITDA -28 -9 -94 -29 -93 -29 Impairment of tangible fixed assets - - 0 - 0 - Items affecting comparability, EBITA -28 -9 -94 -29 -93 -29 Impairment of intangible fixed assets -5 - -5 - -5 - Items affecting comparability, EBIT -33 -9 -98 -29 -98 -29 One-off items related to refinancing of interest-bearing liabilities, before tax - -80 - -80 0 -80 Items affecting comparability, profit for the period -33 -89 -98 -110 -98 -109 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 26 INTEREST-BEARING NET DEBT Interest-bearing net debt refers to interest-bearing debt minus financial assets, current investments and cash and cash equivalents. The purpose is to provide an alternative measure of the Group’s debt/equity ratio. INTEREST-BEARING NET DEBT/RTM ADJUSTED EBITDA (12 MONTH) The purpose is to provide an indication of the Group’s ability to pay its debts. The performance measure gives an indication of the Group’s financial target with regard to net debt in relation to RTM adjusted EBITDA. NET DEBT The measure is used to calculate the Group’s debt/equity ratio. ORGANIC EBITA GROWTH Changes in EBITA, excluding exchange rate translation, acquisition and divestment effects, and adjusted for Group operations, relative to the corresponding period last year. Acquired entities are included in organic EBITA growth once they have been part of the Group for the full comparative period, divested companies are excluded from both periods once they have been divested. Exchange rate translation effects, which are excluded from the organic calculation, refer to translation of the income statement, while transaction effects related to remeasurements in the balance sheet are not excluded. The purpose is to analyse underlying growth in operating profit. ORGANIC NET SALES GROWTH (ORGANIC GROWTH) Changes in net sales, excluding exchange rate translation, acquisition and divestment effects, relative to the corresponding period last year. Acquired entities are included in organic growth once they have been part of the Group for the full comparative period, divested companies are excluded from both periods once they have been divested. The purpose is to analyse underlying growth in net sales. INTEREST COVERAGE RATIO The purpose is to present profit in relation to interest expenses, which is a measure of the Group’s capacity to cover its interest expenses. SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Interest-bearing liabilities 9,715 9,729 9,293 Lease liabilities 1,628 1,623 1,551 Pension provisions, net 183 245 204 Financial assets -211 -262 -203 Current investments -7 0 0 Cash and cash equivalents -1,412 -1,150 -1,332 Interest-bearing net debt 9,896 10,186 9,513 SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Interest-bearing net debt 9,896 10,186 9,513 RTM adjusted EBITDA 4,159 4,178 4,166 Interest-bearing net debt/RTM adjusted EBITDA, x 2.4 2.4 2.3 SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Interest-bearing liabilities 9,715 9,729 9,293 Lease liabilities 1,628 1,623 1,551 Pension provisions, net 183 245 204 Contingent consideration liabilities 80 51 75 Minority options 1,740 1,720 1,473 Financial assets -211 -262 -203 Current investments -7 0 0 Cash and cash equivalents -1,412 -1,150 -1,332 Net debt 11,715 11,957 11,061 Jul-Jun Full-year SEK m 2026 2025 2026 2025 25/26 2025 Operating profit 660 661 1,065 1,164 2,293 2,391 Interest income 11 12 22 25 59 61 Operating profit including interest income 671 673 1,088 1,189 2,351 2,452 Interest expenses -156 -260 -300 -445 -623 -768 Interest coverage ratio, x 4.3 2.6 3.6 2.7 3.8 3.2 Q2 Jan-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 27 WORKING CAPITAL The purpose is to analyse the capital tied up in the balance sheet by the Group’s operating activities. The components are calculated as the average for the previous 12-month period. DEBT/EQUITY RATIO The purpose is to show the size of debt in relation to equity, i.e. a measure of capital strength and financial risk. EQUITY/ASSETS RATIO The purpose is to show the proportion of assets that are financed with equity. CAPITAL EMPLOYED The purpose is to track the amount of capital that is employed in operations and financed by shareholders and lenders. All components in the table are calculated as the average for the past 12-month period. AVERAGE NUMBER OF EMPLOYEES The purpose is to present the average number of employees during the period. The average number of employees refers to the average number of employees during the financial year up to the end of the reporting period. Full-year SEK m 25/26 24/25 2025 Inventories 4,535 4,443 4,420 Trade receivables 4,289 4,445 4,195 Other current receivables 2,853 2,705 2,654 Trade payables -2,712 -2,634 -2,584 Other current liabilities -3,684 -3,867 -3,669 Working capital (Average of last 12 months) 5,281 5,092 5,015 Jul-Jun SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Net debt 11,715 11,957 11,061 Equity 21,262 20,455 20,599 Debt/equity ratio, x 0.6 0.6 0.5 SEK m 30 Jun 2026 30 Jun 2025 31 Dec 2025 Equity 21,262 20,455 20,599 Total assets 43,487 42,340 41,455 Equity/assets ratio, % 48.9 48.3 49.7 Full-year SEK m 25/26 24/25 2025 Total assets 42,327 42,980 42,208 Non-interest-bearing liabilities -8,593 -8,960 -8,546 Provisions -1,835 -1,997 -1,895 Current investments & Cash and cash equivalents -1,246 -1,381 -1,321 Capital employed (Average of last 12 months) 30,652 30,641 30,446 Jul-Jun
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STORSKOGEN • INTERIM REPORT JANUARY – JUNE 2026 28 ABOUT STORSKOGEN Storskogen is an international group of businesses across trade, industry and services. With a long-term ownership horizon, Storskogen acquires and develops leading small and medium-sized businesses in selected industries. The company has approximately 10,000 employees and generates net sales of SEK 33 billion. Storskogen is listed on Nasdaq Stockholm. www.storskogen.com MISSION Our mission is to empower businesses to realise their full potential. VISION Our vision is to be the leading international owner of small and medium-sized businesses. . FINANCIAL TARGETS 2025-2027 Adjusted EBITA margin (LTM) >10% Adjusted cash conversion (LTM) >70% Adjusted EBITA growth (CAGR) 15% Interest-bearing net debt/RTM adjusted EBITDA 2.0–3.0x FINANCIAL CALENDAR Interim Report Q3 2026 23 October 2026 CONTACT INFORMATION Andreas Lindblom Head of Investor Relations andreas.lindblom@storskogen.com +46 72-506 14 22 STORSKOGEN GROUP AB (PUBL.) CIN: 559223-8694 Visiting address: Hovslagargatan 3 111 48 Stockholm This report is also published in Swedish. In case of discrepancies between the Swedish and English versions, the Swedish version shall prevail.