Interim report
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TABLE OF CONTENTS TapTravel Nordic AB (publ) 02 Group in Summary 3 CEO Statement 4 The Group in Brief 5 Consolidated Income Statement 6 Consolidated Balance Sheet 7 Consolidated Cash Flow Statement 9 Change in Equity, Group 10 Parent Company’s Income Statement 11 Parent Company’s Balance Sheet 12 Parent Company’s Cash Flow Statement 14 Changes in Equity, Parent Company 15 Company Officials 16 Q3 2026 | QUARTERLY REPORT
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GROUP IN SUMMARY Amounts in KSEK 9m 2026 9m 2025 R12 FY 2025 Total revenue 180 734 615 123 639 330 805 062 EBITDA 7 517 8 267 34 141 -1 920 -3 704 Operating result 4 128 5 209 -5 027 -14 007 -44 794 Cash and cash equivalents 11 708 11 594 11 708 11 594 11 708 5 899 Cashflow for the period 3 755 -244 5 809 -145 155 -5 839 TapTravel Nordic AB (publ) 03 449 391 35 926 25 760 144 551 Q3 2026 | QUARTERLY REPORT Q3 2026 Q3 2025
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CONSOLIDATED INCOME STATEMENT Amounts in KSEK 9m 2026 9m 2025 R12 FY 2025 REVENUE Net turnover 144 551 184 665 449 391 615 012 639 317 804 938 Change in advance payment to supplier 0 0 0 - 0 - Other operating income 13 -3 931 444 111 457 124 Total revenue 144 564 180 734 449 835 615 123 639 774 805 062 OPERATING EXPENSES Materials and services -128 598 -162 486 -382 161 -542 179 -584 640 -744 658 Other external expenses -3 043 -2 107 -11 522 -8 870 -24 590 -21 938 Personnel expenses -5 405 -7 874 -20 226 -29 933 -32 463 -42 170 Operating profit / EBITDA 7 517 8 267 35 926 34 141 -1 920 -3 704 Depreciation and impairment of tangible and intangible assets -3 388 -3 058 -10 165 -9 175 -12 087 -11 096 Depreciation and impairment of goodwill 0 0 - -29 994 0 -29 994 Other operating expenses - 0 - - - - Total operating expenses -140 435 -175 525 -424 075 -620 150 -653 780 -849 856 Operating result 4 128 5 209 25 760 -5 027 -14 007 -44 794 FINANCIAL ITEMS Interest income and similar income items 0 32 46 222 139 315 Impairment of financial fixed assets and short-term placements 0 - - - -41 468 -41 468 Interest costs -6 914 -7 654 -22 259 -20 786 -47 130 -45 657 Other financial costs 0 -1 906 - -1 925 -1 925 - Total financial items -6 914 -9 528 -22 213 -22 489 -90 384 -86 810 Extraordinary costs -160 -2 281 -2 460 -4 951 -10 273 -12 764 Result before tax -2 945 -6 600 1 087 -32 467 -114 663 -144 368 TAX Tax - - - - - - Tax on profit for the year - - - - -3 296 -3 296 Result for the period -2 945 -6 600 1 087 -32 467 -117 959 -147 664 TapTravel Nordic AB (publ) 06 Q3 2026 | QUARTERLY REPORT Q3 2026 Q3 2025
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CONSOLIDATED BALANCE SHEET - ASSETS Amounts in KSEK 30 Sep 2026 30 Sep 2025 31 Dec 2025 FIXED ASSETS INTANGIBLE FIXED ASSETS Capitalised expenditure for R&D; work 42 089 56 195 50 305 Concessions, patents, licenses, trademarks and the like - - - Goodwill 205 668 205 668 205 668 Total intangible fixed assets 247 757 261 863 255 973 TANGIBLE FIXED ASSETS Equipment, tools and installations 1 000 32 - Total tangible fixed assets 1 000 32 0 FINANCIAL FIXED ASSETS Shares in associated companies - - - Other long-term securities holdings 100 100 100 Other long-term receivables 731 725 725 Total financial fixed assets 831 825 825 Total fixed assets 249 589 262 719 256 798 CURRENT ASSETS INVENTORY, ETC. Advance payment to supplier 46 945 36 595 46 912 Total inventory, etc 46 945 36 595 46 912 SHORT-TERM RECEIVABLES Accounts receivable 31 725 23 446 20 095 Tax receivables - 78 0 Receivables from group companies 30 190 42 448 11 306 Other receivables 5 734 20 391 599 Prepaid expenses and accrued income 97 199 79 958 55 672 Total current receivables 164 848 166 320 87 672 Incoming card payments 11 356 3 054 3 054 Travel account 0 8 100 8 100 Cash and cash equivalents 152 440 298 Total cash and cash equivalents 11 508 11 594 5 899 Total current assets 233 301 214 509 140 483 TOTAL ASSETS 472 889 477 228 397 281 TapTravel Nordic AB (publ) 07 Q3 2026 | QUARTERLY REPORT
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CONSOLIDATED BALANCE SHEET - EQUITY AND LIABILITIES Amounts in KSEK 30 Sep 2026 30 Sep 2025 31 Dec 2025 EQUITY Share capital 2 552 781 2 552 Unregistered share capital 0 0 0 Revaluation reserve 0 0 0 Other equity incl. profit for the year 55 491 171 654 54 604 Total Equity 58 044 172 435 57 156 LONG-TERM LIABILITIES Kammarkollegiet 27 205 27 205 27 205 Liabilities to other credit institutions 202 000 150 000 202 000 Total non-current liabilities 229 205 177 205 229 205 CURRENT LIABILITIES Overdraft facility - - - Liabilities to credit institutions - 24 531 - Trade payables 59 111 27 665 46 224 Tax liabilities 907 1 509 5 255 Liabilities to group companies 20 823 - 3 241 Other current liabilities 56 417 51 149 35 832 Accrued expenses and deferred income 48 383 22 734 20 368 Total current liabilities 185 641 127 588 110 920 TOTAL EQUITY AND LIABILITIES 472 889 477 228 397 281 TapTravel Nordic AB (publ) 08 Q3 2026 | QUARTERLY REPORT
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CONSOLIDATED CASH FLOW STATEMENT Amounts in KSEK 9m 2026 9m 2025 R12 FY 2025 CURRENT OPERATIONS Operating profit before financial items 4128 5 209 25 760 -5 027 -14 007 -44 794 Adjustments for non-cash items 0 0 0 - 0 0 Depreciation 3 388 3 058 10 165 39 169 12 087 41 090 Financial items -6 914 -9 528 -22 213 -22 489 -95 677 -95 952 Extraordinary costs -160 -2 281 -2 460 -4 951 -10 273 -12 764 Income tax paid - - - - -3 296 -3 296 Before changes in working capital 443 -3 541 11 253 6 702 -111 165 -115 716 CHANGES IN WORKING CAPITAL Increase / decrease in inventory 0 -4 599 0 -9 585 -10 318 -19 902 Increase / decrease in short-term receivables -13 015 -36 461 -77 176 -33 128 4 515 48 563 Increase / decrease in operating liabilities 1 414 44 357 74 721 39 866 64 071 29 216 Cash flow from operating activities -11 157 -244 8 797 3 855 -52 897 -57 839 INVESTING ACTIVITIES Acquisition of intangible fixed assets 14 912 0 -2 988 -4 000 1 012 0 Acquisition of tangible fixed assets 0 0 - - - - Change in long-term receivables 0 0 - - - - Cash flow from investing activities 14 912 0 -2 988 -4 000 1 012 0 FINANCING ACTIVITIES New issue - 0 - - - - Change in debt 0 0 - - 52 000 52 000 New issue - 0 - - 0 0 Change of overdraft - 0 - - 0 0 Cash flow from financing activities 0 0 0 0 52 000 52 000 Cash flow for the period 3 755 -244 5 809 -145 115 -5 839 Cash and cash equivalents at beginning of period 7 953 11 838 5 899 11 738 11 593 11 738 Cash and cash equivalents at close of period 11 708 11 593 11 708 11 593 11 708 5 899 TapTravel Nordic AB (publ) 09 Q3 2026 | QUARTERLY REPORT Q3 2026 Q3 2025
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CHANGE IN EQUITY, GROUP TapTravel Nordic AB (publ) 10 2026-01-01 - 2026-09-30 Share capital Other equity incl. result Total Amount at beginning of year 2 552 54 604 57 156 New issue 0 0 0 Profit for the period - 1 087 1 087 Amount at end of period 2 552 55 691 58 044 2025-01-01 - 2025-12-31 Share capital Other equity incl. result Total Amount at beginning of year 781 204 122 204 903 New issue 1 771 9 565 11 336 Adjustment - -11 417 -11 417 Profit for the period - -147 666 -147 666 Amount at end of period 2 552 54 604 57 156 Q3 2026 | QUARTERLY REPORT
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PARENT COMPANY'S INCOME STATEMENT Amounts in KSEK 9m 2026 9m 2025 R12 FY 2025 REVENUE Net turnover 0 - 2 400 - 18 000 15 600 Activated work for own account - - - - - - Other operating income - - - - - - Total revenue 0 0 2 400 0 18 000 15 600 OPERATING EXPENSES Other external expenses -38 -23 -105 -658 -348 -902 Operating profit / EBITDA -38 -23 2 295 -658 17 652 14 698 Total operating expenses -38 -23 -105 -658 -348 -902 Operating result -38 -23 2 295 -658 17 652 14 698 FINANCIAL ITEMS Impairment of financial fixed assets and short-term placements - - - - -121 499 -121 499 Other interest income and similar income items - - - - 0 - Interest costs -5 398 -6 401 -16 276 -14 384 -32 071 -30 179 Other financial costs 0 -1 925 - -1 925 -9 918 - Total financial items -5 398 -8 325 -16 276 -16 308 -153 570 -151 678 Result after financial items -5 436 -8 349 -13 980 -16 967 -135 918 -136 980 YEAR-END APPROPRIATIONS Group contribution - - - - -33 500 -33 500 Total year-end appropriations - 0 0 0 -33 500 -33 500 Result before tax -5 436 -8 349 -13 980 -16 967 -169 418 -170 480 Result for the period -5 436 -8 349 -13 980 -16 967 -169 418 -170 480 TapTravel Nordic AB (publ) 11 Q3 2026 | QUARTERLY REPORT Q3 2026 Q3 2025
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PARENT COMPANY'S BALANCE SHEET - ASSETS Amounts in KSEK 30 Sep 2026 30 Sep 2025 31 Dec 2025 FIXED ASSETS Shares in group companies 346 535 421 577 346 535 Total financial fixed assets 346 535 421 577 346 535 Total fixed assets 346 535 421 577 346 535 CURRENT ASSETS Receivables from group companies 3 038 35 313 627 Receivables from related companies 11 477 - 9 531 Other receivables 4 210 247 11 Prepaid expenses and accrued income 0 - 54 Total current receivables 18 732 35 560 10 223 Total cash and cash equivalents 6 33 15 Total current assets 18 732 35 592 10 238 TOTAL ASSETS 365 267 457 169 356 773 TapTravel Nordic AB (publ) 12 Q3 2026 | QUARTERLY REPORT
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PARENT COMPANY'S BALANCE SHEET - EQUITY AND LIABILITIES Amounts in KSEK 30 Jun 2026 30 Jun 2025 31 Dec 2025 EQUITY Share capital 2 552 781 2 552 Unrestricted share premium account 27 333 17 769 27 335 Retained earnings 54 754 225 234 225 234 Profit for the period -13 980 -16 967 -170 480 Total unrestricted equity 68 107 226 036 82 089 Total equity capital 70 660 226 817 84 641 LONG-TERM LIABILITIES Liabilities to credit institutions 202 000 150 000 202 000 Total long-term liabilities 202 000 150 000 202 000 CURRENT LIABILITIES Liabilities to credit institutions - 24 531 - Trade payables 2 056 61 1 652 Liabilities with group companies 48 866 38 867 57 638 Other liabilities 24 599 9 605 6 149 Accrued expenses and deferred income 17 087 7 290 4 693 Total current liabilities 92 607 80 353 70 132 TOTAL EQUITY AND LIABILITIES 365 267 457 169 356 773 TapTravel Nordic AB (publ) 13 Q3 2026 | QUARTERLY REPORT
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PARENT COMPANY'S CASH FLOW STATEMENT Amounts in KSEK 9m 2026 9m 2025 R12 FY 2025 CURRENT OPERATIONS Operating profit before financial items -38 -23 2 295 -658 17 652 14 698 Adjustments for non-cash items 0 0 - - 0 0 Depreciation 0 0 - - 0 0 Financial items -5 398 -8 325 -16 276 -16 308 -30 146 -30 179 Income tax paid 0 - 0 - 0 0 Before changes in working capital -5 436 -8 349 -13 980 -16 967 -12 494 -15 481 CHANGES IN WORKING CAPITAL Increase / decrease in short-term receivables -1 642 -1 106 -8 502 -2 496 14 835 20 841 Increase / decrease in operating liabilities 7 079 9 482 22 474 44 490 14 403 36 421 Cash flow from operating activities 1 27 -9 25 028 16 744 41 781 INVESTING ACTIVITIES Group contribution - - - - -33 500 -33 500 Investments in subsidiary shares 0 0 0 -25 000 -46 607 -71 607 Cash flow from investing activities 0 -25 000 0 -25 000 -80 107 -105 107 FINANCING ACTIVITIES New issue 0 0 0 0 11 336 11 336 Change in debt 0 0 0 0 52 000 52 000 Cash flow from financing activities 0 0 0 0 63 336 63 336 Cash flow for the period 1 27 -9 28 -27 1 Cash and cash equivalents at beginning of period 6 6 16 6 34 6 Cash and cash equivalents at close of period 7 34 7 34 6 16 TapTravel Nordic AB (publ) 14 Q3 2026 | QUARTERLY REPORT Q3 2026 Q3 2025
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CHANGES IN EQUITY, PARENT COMPANY TapTravel Nordic AB (publ) 15 2026-01-01 - 2026-09-30 Share capital Share premium Retained earnings Profit Amount at beginning of year 2 552 27 334 225 234 -170 480 Capitalised in new account - - -170 480 170 480 Profit for the period - - - -13 980 Amount at end of period 2 552 27 334 54 754 -13 980 2025-01-01 - 2025-12-31 Share capital Share premium Retained earnings Profit Amount at beginning of year 781 17 769 242 402 -17 168 Capitalised in new account - - -17 168 17 168 New issue 1 771 9 565 - - Profit for the period - - - -170 480 Amount at end of period 2 552 27 334 225 234 -170 480 Q3 2026 | QUARTERLY REPORT