Slides
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Click the picture icon to add your own image. To change an image, delete it, then click the picture icon and select a new image. Note: If the image appears on top of the text, click the RESET button on the Home tab (next to the New Slide gallery) to reposition the text above the picture. Do not use Send to Back; this will cause the image to cover the Vattenfall logo. Don’t worry! This box won’t print or appear in Slide Show View. Vattenfall 9M and Q3 Results 2026 29 October 2026
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Vattenfall 9M Results 2026 2 • Vattenfall won the tenders of the Hesselø (0.8 GW) and North Sea I Mid (1 GW) offshore wind projects in Denmark • Final investment decision for the Brunsbüttel battery project in Germany with output of 254 MW and storage capacity of 1,000 MWh • Offshore construction started of the Nordlicht I wind farm (1 GW) in the German North Sea • New long-term agreements for large-scale battery optimisation in Germany and the Netherlands • Expansion of Vattenfall’s public charging network for electric vehicles in Sweden through acquisition of Nima Energy’s ultra-fast charging business • Permit in place for a new power line section to the Svartön industrial area in Luleå, Sweden, which enables further industry decarbonisation • Underlying EBIT increased by SEK 4.5 bn to SEK 25.9 bn: • Mainly driven by higher Nordic Electricity prices as well as increased contributions from Vattenfall’s Wind, Customers & Solutions and Distribution businesses • Lower volumes from nuclear and hydro power generation impacting especially the third quarter had a partially offsetting effect • P rofit for the period increased by SEK 11.7 bn to SEK 24.8 bn • The comparison is affected by changes in fair values of energy derivates and inventories (SEK 4.8 bn) and capital gains from divested projects (SEK 2.5 bn) I n brie f
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5.0 30.0 27.5 11.7 0.13.1 25.2 26.3 13.4 0.1 Fossil power Nuclear power Hydro power Wind power Biomass, waste 9M 2025 9M 2026 Vattenfall 9M Results 2026 Overview Result development Financial targets Electricity production (TWh) 3 Customer sales (TWh) SEK BN 9M 2026 9M 2025 Δ Net Sales 148.3 167.8 -12% EBITDA 49.0 33.9 45% Underlying operating profit (EBIT) 25.9 21.5 21% EBIT 33.1 17.8 85% Profit for the period 24.8 13.1 90% 9M 2026 9M 2025 ROCE excl. items affecting comparability (≥8%) 11.6% 7.6% FFO/adjusted net debt (≥25%) 74.1% 60.2% Total 9M 2026 68.1 TWh 9M 2025 74.3 TWh 87.3 45.9 3.1 66.8 38.1 3.3 Electricity Gas Heat 9M 2025 9M 2026
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Customers & Solutions Highlights Key data 4 Strengthened offering within electric vehicle charging • Net sales decreased by 3%, compared to 2025. Underlying operating profit increased by 38%, mainly attributable to the customer business in Germany due to timing effects related to the higher gas grid costs imposed in 2025. In addition, a positive price effect in the Dutch customer business as well as a higher utilisation rate and increased income from green certificates within e-mobility contributed. The comparison was negatively affected by the divestments of the sales business in France and the power plants in the IJmond region in the Netherlands • Electricity sales decreased by 21% largely driven by the divestment of the sales business in France. Despite the divestment of the sales business in France, the customer base increased by 1% compared to the end of 2025 to 12 million contracts, mainly due to a higher customer base in Germany. • Expansion of Vattenfall’s public charging network for electric vehicles in Sweden through acquisition of Nima Energy’s ultra-fast charging business • Launch of the new solution Seamless Charging which simplifies charging of electric vehicles Customer base development Charging points for electric vehicles (thousand) Sales and production 7.4 Q3 2025 7.5 Q3 2026 2.4 0.6 1.0 2.4 0.6 1.1 Electricity contracts (million) Gas contracts (million) Heat customer base (million) Other contracts (million) Q3 2025 Q3 2026 80.6 37.1 3.1 5.1 63.3 38.1 3.3 3.2 Sales of electricity (TWh) Sales of gas (TWh) Heat sales (TWh) Electricity generation (TWh) Q3 2025 Q3 2026 77.0 75.0 SEK million 9M 2026 9M 2025 Net Sales 126,563 131,049 Underlying operating profit 5,425 3,941
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0 200 2025 2026 SYS CAL-27 SYS CAL-28 DE CAL-27 DE CAL-28 NL CAL-27 NL CAL-28 Power Generation Lower earnings following nuclear outages Highlights Key data 5 Production and availability Nordic hydro balance and system price Electricity futures prices (EUR/MWh) • Net sales decreased by 15% compared with the same period in 2025. Underlying operating profit decreased by 12%, mainly due to a lower result from Nordic hedges. This was offset by a positive effect from higher electricity prices affecting hydro power generation and nuclear power generation. In addition, there was a higher contribution from trading. This was partly offset by lower volumes primarily from nuclear power and lower revenues from ancillary services • Outages at Ringhals 3 and 4 nuclear reactors • New long-term agreements for large-scale battery optimisation in Germany and the Netherlands • Marketing of balancing power from an offshore wind farm in Germany supports grid stability 94.0 27.5 30.0 Q3 2025 91.5 26.3 25.2 Q3 2026 57.5 51.5 Nuclear availability (%) Hydro (TWh) Nuclear (TWh) SEK million 9M 2026 9M 2025 Net Sales 90,181 106,321 Underlying operating profit 11,275 12,884 -30 -20 -10 0 10 20 0 200 400 600 800 1 000 1 200 1 400 2025 2026 SYS (SEK/MWh, rhs) Hydro Balance (TWh, lhs)
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Wind Advancing renewable energy and flexibility 1 Excludi ng electricity generation from solar power (2025: 0.1 TWh; 2026: 0.2 TWh) 2 Added capacity during the last 12 months includes Bruzaholm (139 MW) and Velinga (67 MW) 3 The value has been adjusted compared with information previously published in Vattenfall’s financial reports. Highlights Key data 6 Production1 and availability Total installed wind capacity (MW)2 • Net sales increased by 28% compared with the same period in 2025. The underlying operating profit increased by 122% driven by higher electricity prices and higher generated volumes, partly offset by higher operating and maintenance costs. Electricity generation increased by 15% mainly due to improved wind conditions and higher availability for offshore wind power. Onshore wind production increased driven by new wind farms in Sweden • Vattenfall won the tenders of the Hesselø (0.8 GW) and North Sea I Mid (1 GW) offshore wind projects in Denmark • Final investment decision for the Brunsbüttel battery project in Germany with output of 254 MW and storage capacity of 1,000 MWh • Offshore construction started of the Nordlicht I wind farm (1GW) in the German North Sea Onshore (TWh) Offshore (TWh) Onshore (%) Offshore (%) 9.5 10.7 2.1 2.6 96.3 94.4 93.0 Q3 2025 94,2 Q3 2026 4,454 2,096 6,550 Offshore Onshore 4,454 2,301 6,755 Q3 2025 Q3 2026 SEK million 9M 2026 9M 2025 Net Sales 19,573 15,327 Underlying operating profit 6,329 2,845 3
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Distribution Highlights Key data 7 Total Sweden, Service level (SAIDI, min)1 Customers and volumes Investments in electricity grids (SEK mn) 1 All outages longer than 1 second in medium and low voltage networks are included. Vattenfall’s Swedish network covers both urban areas and large rural areas. Investments to strengthen and extend the electricity grid • Net sales increased by 5% compared with the same period in 2025. Underlying operating profit increased, primarily driven by higher revenue as a result of tariff adjustments in the local grid • Permit in place for a new power line section to the Svartön industrial area in Luleå, Sweden, which enables further industry decarbonisation • Plan published for grid development projects over the next ten years to meet growing capacity needs • Progress in grid reinforcement projects in West Sweden 104 92 9M 2025 9M 2026 978 951 9M 2025 9M 2026 52.8 53.7 Customer base (thousands) Transited volume (TWh) 447 355 9M 2025 9M 2026 7,155 6,436 Distribution Sweden Service operations business SEK million 9M 2026 9M 2025 Net Sales 15,133 14,457 Underlying operating profit 3,198 2,257
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Financials 8
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Vattenfall 9M Results 2026 Financial highlights Key data Key developments 9 • Net sales decreased by SEK 19.5 bn, including SEK 1.9 bn in negative currency effects, mainly due to lower revenues from Nordic price hedges, the divestment of the sales business in France and negative volume effects in the customer sales of electricity and gas. This was partly offset by positive price effects in customer sales of electricity • Underlying EBIT increased by SEK 4.5 bn, to SEK 25.9 bn, mainly driven by higher electricity prices in the Nordics as well as higher earnings contributions from the Wind, Customers & Solutions and Distribution operating segments. This was partially offset by lower volumes from nuclear and hydro power, especially impacting the third quarter • Profit for the period amounted to SEK 24.8 billion and was in addition to the higher underlying operating profit positively impacted by changes in fair values of energy derivatives and inventories (SEK 4.8 bn), capital gains (SEK 2.5 bn) and a higher return from the Swedish Nuclear Waste Fund (SEK 0.9 bn) • Underlying ROCE, based on rolling 12-month figures, increased to 11.6% driven by higher underlying EBIT • FFO/AND, based on rolling 12-month figures, increased to 74.1% due to higher FFO as a result of higher EBITDA as well as due to lower adjusted net debt
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Development of underlying EBIT 9M 2026 Increase from Wind, Customers & Solutions and Distribution partly offset by decrease from Power Generation Change in 9M 2025 vs. 9M 2026 Highlights 10 Breakdown per operating segment SEK bn SEK bn • Wind: increase mainly explained by higher electricity prices and higher volumes from offshore wind power • Customers & Solutions: increase mainly due to timing effects related to higher gas grid costs that impacted the customer business in Germany in the same period last year • Distribution: increase primarily driven by higher revenue as a result of tariff adjustments in the local grid • Power Generation: decrease mainly due to lower volumes from nuclear power and lower revenues from ancillary services, partially offset by higher achieved prices Underlying EBIT 9M 2025 3.5Wind 1.5Customers & Solutions 0.9Distribution -1.6Power Generation 0.2Net other effects 25.9Underlying EBIT 9M 2026 21.5 2.8 3.9 2.3 12.9 -0.5 9M 2025 6.3 5.4 3.2 11.3 -0.3 9M 2026 Wind Customers & Solutions Distribution Power Generation Other 21.4 25.9
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Cash flow development 9M 2026 Positive working capital development mainly related to changes in margin calls 1 ”Other” includes non-cash items included in EBITDA, mainly changes in fair value of commodity derivatives 11 SEK bn Main effects • Change in working capital (+SEK 24.2 billion) is mainly driven by net changes in received and paid margin calls (SEK +20.0 bn) • Divestments include Västerbergslagens Energi AB, the power plants in the IJmond region in the Netherlands and the French electricity and gas sales business • Changes in short-term investments are related to purchases of short-term papers in order to offset the positive impact from the net change in margin calls received 49.0 Free cash flow -15.9 EBITDA Growth investments 4.0 -4.6 Divestments, net -3.2 Tax paid Changes in short-term investments 30.4 -1.1 Interest paid/received, net -2.5 Capital gains/ losses, net -8.5 Other1 32.4 Cash flow from operating activities before changes in working capital 56.724.2 Change in WC Cash flow from operating activities -11.2 Maintenance and replacement investments 45.5 Cash flow before financing activities
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Capital expenditures Majority of investments directed to renewables and electricity networks Investments per category, 9M 2026 12 Detailed overview of investments, 9M 2026 1 For example investments in e-mobility, IT and e-boilers 42% 26% 4% 5% 4% 18% Wind, solar, biomass & waste Electricity networks Heat networks Nuclear Hydro 0% Fossil Other1 SEK 27.1 bn SEK bn 9M 2026 9M 2025 Q3 2026 Q3 2025 Hydro 1.2 1.0 15% 0.5 0.4 20% Nuclear 1.5 1.5 -3% 0.4 0.6 -34% Fossil 0.4 0.3 15% 0.1 0.2 -64% Wind, solar 11.1 5.5 103% 5.2 2.3 122% Biomass & waste 0.0 0.0 120% 0.0 0.0 Electricity networks 6.8 7.6 -11% 2.5 2.5 0% Heat networks 1.2 1.1 5% 0.4 0.4 5% Other 4.9 3.3 48% 1.9 0.8 134% Total 27.1 20.4 32% 10.8 7.1 52% 0.01 0.01 0.01 - n.a
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Overview of key figures 9M 2026 13 Amounts in SEK bn unless indicated otherwise 9M 2026 9M 2025 Q3 2026 Q3 2025 Net sales 148.3 167.8 42.9 49.3 EBITDA 49.0 33.9 9.4 8.5 EBIT 33.1 17.8 4.2 3.4 Underlying operating profit (EBIT) 25.9 21.5 3.8 6.2 Profit for the period 24.8 13.1 1.3 2.3 Electricity generation (TWh) 68.1 74.3 18.4 23.8 Sales of electricity (TWh) 93.9 122.6 26.2 40.5 - of which, customer sales (TWh) 66.8 87.3 19.5 27.8 Sales of heat (TWh) 3.3 3.1 0.6 0.5 Sales of gas (TWh) 38.1 45.9 5.4 6.8 ROCE excl. items affecting comparability (≥8%) 11.6% 7.6% 11.6% 7.6% FFO/adjusted net debt (≥25%) 74.1% 60.2% 74.1% 60.2%
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Appendix 14
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Development of Adjusted Net Debt YTD 2026 15 SEK bn Adjusted net debt Dec 2025 -32.4 Cash flow from operating activities before changes in working capital -5.5 Cash flow from working capital Cash flow from investing activities Dividend -2.8 Provisions 0.9 Other Adjusted net debt Sep 2026 73.4 23.0 8.0 64.6 11,98% Decrease due to positive cash flow from operating activities before changes in working capital. Increase due to negative cash flow from investing activities excluding changes in short-term investments. Adjusted net debt decreased mainly due to positive cash flow from operating activities before working capital, partly offset by negative cash flow from investing activities and dividend. Decrease due to positive cash flow from working capital excluding changes in Energy Trading margin calls. Other line itemsDecrease due to change in nuclear (-3.2) and pension provisions (-1.4), partly offset by environmental provisions (1.8). Dividend to owner
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Debt maturity profile1 1 Short term debt (commercial paper and repos: 14.1), loans from associated companies, loans from owners of non-controlling interests, margin calls received (CSA) and valuation at fair value are excluded. Currency derivatives for hedging debt in foreign currency are included. 16 30 Sep. 2026 31 Dec. 2 025 Duration (years) 2.0 3.8 Average time to maturity (years) 4.7 4.5 Average interest rate (%) 4.2 4.0 Net debt (SEK bn) -11.4 11.7 Available group liquidity (SEK bn) 80.4 51.4 Undrawn committed credit facilities (SEK bn) 34.0 32.5 C umulative maturities excl. undrawn back-up facilities 2026- 2028 2029- 2031 From 2032 D ebt incl. hybrid capital 2 1,6 6 ,1 1 4,3 % of total 5 1,4% 1 4,6% 3 4,0% 0 5 10 15 20 25 30 35 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 U ndrawn back-up facilities De bt (excl. hybrid cap) H ybrid capital (first call date) S EK bn
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Price hedging 1 Nordic: SE, DK, FI 2 Achieved prices from the spot market and hedges. Includes Nordic (SE, DK, FI) hydro, nuclear and wind power generation 17 Estimated Nordic1 hedge ratio (%) and indicative prices 56% 50% 11% 2026 2027 2028 Average indicative Nordic hedge prices in EUR/MWh 40 44 42 YTD 2026 YTD 2025 Q3 2026 Q3 2025 FY 2025 49 39 36 36 39 Achieved prices2 - Nordic portfolio, EUR/MWh Vattenfall’s hedging strategy has the objective to stabilise profits by selling parts of the planned production in the forward markets. The main exposures arise from outright power in the Nordics (nuclear and hydro), with a growing exposure in wind both in the Nordics and on the Continent/UK. Hedging is mainly based on the Nordic system price (SYS) while delivery takes place in the price areas where generation assets are located. The achieved price in the first nine months 2026 was driven by higher spot prices.
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Liquidity position 1 German nuclear ”Solidarvereinbarung” 1.1 SEK bn, Margin calls paid (CSA) 1.7 SEK bn, Insurance “Provisions for claims outstanding” 1.1 SEK bn. 2 Excluding loans from minority owners and associated companies. 18 Group liquidity SEK bn Cash and cash equivalents 39.8 Short term investments 44.4 Reported cash, cash equivalents & short- term investments 84.2 Unavailable liquidity1 -3.8 Available liquidity 80.4 Committed credit facilities Facility size, EUR bn SEK bn RCF (2028) 2.0 22.7 RCF (2027) 1.0 11.3 Total undrawn 34.0 Debt maturities2 SEK bn Within 90 days 0.1 Within 180 days 11.6
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Debt development 121.1 106.6 121.1 114.1 80.0 80.3 84.6 78.2 79.2 78.6 67.5 69.1 62.1 73.4 48.4 38.2 68.4 53.7 14.4 3.2 -2.8 4.6 9.7 5.8 11.7 -9.4 0.1 -11.4 125.1 108.7 117.4 107.2 75.5 69.1 79.0 83.5 81.4 72.4 73.4 65.5 69.4 64.6 -20 0 20 40 60 80 100 120 140 30.06.23 30.09.23 31.12.23 31.03.24 30.06.24 30.09.24 31.12.24 31.03.25 30.06.25 30.09.25 31.12.25 31.03.26 30.06.26 30.09.26 19 Net debtGross debt Adjusted net debt Net debt decreased by SEK 23.1 bn compared to the level at 31 December 2025, to net cash of SEK 11.4 bn at 30 September 2026. Adjusted net debt decreased by SEK 8.8 bn to SEK 64.4 bn compared to the level 31 December 2025. For the calculation of adjusted net debt, see slide 21. SEK bn
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Breakdown of gross debt 1 EMTN= Euro Medium Term Notes 20 • All public debt is issued by Vattenfall AB. • The main part of debt portfolio has no currency exposure that has an impact on the income statement. Debt in foreign currency is either swapped to SEK or booked as hedge against net foreign investments. • No structural subordination. Total debt: SEK 73.4 bn (EUR 6.5 bn) External market debt: SEK 64.7 bn (EUR 5.7 bn) Debt issuing programmes Size (EUR bn) Utilization (EUR bn) EUR 10bn Euro MTN 10.0 1.7 EUR 10bn Euro CP 10.0 0.7 Total 20.0 2.4 Hybrid capital EMTN 1 Commercial paper / Repo Lease Liabilities to owners of non-controlling interests Margin calls (CSA) Loans from associated companies 29% 27% 19% 11% 11% 1% 1% Other liabilities 1%
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Reported and adjusted net debt 21 Reported net debt (SEK bn) 30 Sep. 2026 31 Dec. 2025 Hybrid capital 21.5 20.5 Bond issues and liabilities to credit institutions 19.8 30.0 Short-term debt, commercial papers and repo 14.1 0.1 Liabilities to associated companies 0.4 0.3 Liabilities to owners of non-controlling interests 8.3 7.6 Lease liabilities 8.1 8.2 Other liabilities 1.3 0.7 Total interest-bearing liabilities 73.4 67.5 Reported cash, cash equivalents, short-term investments & margin receivables treasury 84.2 55.3 Loans to minority owners of foreign subsidiaries 0.6 0.5 Net debt -11.4 11.7 Adjusted net debt (SEK bn) 30 Sep. 2026 3 1 Dec. 2025 Total interest-bearing liabilities 73.4 67.5 50% of Hybrid capital -10.7 -10.3 Present value of pension obligations 23.8 25.1 Dismantling and other environmental provisions 18.6 16.8 Provisions for nuclear power (net) 35.6 38.8 Less margin calls received treasury -0.8 -0.2 Less liabilities to owners of non-controlling interests -8.3 -7.6 Adjustment related to assets/liabilities held for sale 0.0 0.0 = Adjusted interest-bearing liabilities 131.5 130.1 Reported cash, cash equivalents, short-term investments & margin receivables treasury 84.2 55.3 Less margin calls energy trading -13.5 5.2 Unavailable liquidity -3.8 -3.9 = Adjusted interest-bearing assets 66.9 56.6 = Adjusted net debt 64.6 72.4
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Nuclear provisions 22 Reactor1 Net capacity (MW) Start (year) Vattenfall share (%) Vattenfall provisions, SEK bn (IFRS accounting) Vattenfall provisions, SEK bn (pro rata) Sw nuclear waste fund SEK bn (Vattenfall pro rata share) Ringhals 1 879 1976 70.4 Ringhals 2 809 1975 70.4 Ringhals 3 1,070 1981 70.4 Ringhals 4 942 1983 70.4 Total Ringhals: 41.5 Total Ringhals: 41.52 Forsmark 1 984 1980 66.0 Forsmark 2 1,120 1981 66.0 Forsmark 3 1,170 1985 66.0 Total Forsmark: 40.1 Total Forsmark: 26.5 Total Sweden 6,974 - 85,73 70.03 49.54 Brunsbüttel 771 1977 66.7 9.3 6.2 Brokdorf 1,410 1986 20.0 - 2.4 Krümmel 1,346 1984 50.0 6.7 6.7 Stade 640 1972 33.3 - 0.1 Total Germany 4,167 - - 16.0 15.5 Total SE & DE 11,141 101.7 85.5 1 Five reactors are in commercial operation in Sweden; Ringhals 3 & 4 and Forsmark 1, 2 & 3. Ringhals 1 & 2 and all reactors in Germany are taken out of commercial operation. Stade is being dismantled. 2 Vattenfall is 100% liability of Ringhals decommissioning, while owning only 70.4% 3 Total provisions in Sweden (IFRS accounting) include provisions of SEK 0.2 bn (pro rata SEK 0.2 bn) related to Ågesta, SEK 3.5 bn (pro rata SEK 1.9 bn) related to SVAFO and SEK 0.4 bn (pro rata SEK 0.0 bn) related to SKB. 4 Vattenfall’s share of the Nuclear Waste Fund. IFRS consolidated value is SEK 59.8 bn.
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Items affecting comparability 23 Jan-Sep Jan-Sep Full year Last 12 Amounts in SEK million 2026 2025 2025 months Items affecting comparability 7 113 - 3 647 - 3 835 6 925 - of which, capital gains 2 549 140 680 3 089 - of which, capital losses - 69 - 19 - 65 - 115 - of which, impairment losses - 222 - 640 - 1 514 - 1 069 - of which, provisions 161 501 654 314 - of which, changes in the fair value of energy derivatives 3 362 - 2 665 - 2 766 3261 - of which, changes in the fair value of inventories 1 448 - 955 - 810 1 593 - of which, other non-recurring items affecting comparability - 116 - 160 - 14 - 121 Major items Jan-Sep 2026 • Capital gains amounted to SEK 2.5 bn, mainly relating to divestment of operations and assets within the operating segment Customers & Solutions • The changes in fair value of energy derivatives and inventories amounted to SEK 4.8 bn in total Impairment losses and reversed impairment losses • Impairment losses amounting to SEK 0.61 bn (0.6) were recognised during the first three quarters of 2026, primarily relating to assets within the Wind operating segment • No previously recognised impairment losses were reversed through the income statement during the period 1The impairment losses classified as items affecting comparability may deviate from the sum of total impairment losses, since impairments for projects without a final investment decision are not classified as items affecting comparability.
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Wind & Solar – Capacity in operation (MW1) Q3 2026 1 Capacity in operation: total capacity of the wind farms that Vattenfall has an ownership in or is responsible for the operati on. Minority shares included as 100% 2 Assets divested but in operation by Vattenfall under Asset Management Agreement (AMA) 3 Assets on VF Hydro’ sites, but operated by BA Wind 4 Windfarm Princess Ariane is only partly owned (184 MW) but fully operated by VF (118 MW via AMA), in total 301 MW 24 Solar Onshore Offshore Batteries Total - 623 685 42 1,350 Thanet 300 Kriegers Flak 605 Hollandskust Zuid (51%) 1,509 - 196 1,514 - 1,710 Ormonde (51%) 150 Horns Rev 3 407 Princess Ariane4 301 131 632 1,509 15 2,287 Aberdeen 96 Horns Rev 1 (60%) 158 Princess Alexia 122 - 844 110 93 1,047 Kentish Flats 90 Vesterhav 344 Windplan Blauw 77 280 7 636 1 924 Kentish Flats Extension 50 Klim (98%) 67 A16 / Klaverspoor 34 Total (MW) 411 2,301 4,454 151 7,318 South Kyle (0%, AMA²) 240 Nørrekær Enge 1 (99%) 30 Slufterdam 29 Pen Y Cymoedd 228 Rejsby Hede 23 Moerdijk 27 Ray 54 Hagesholm 23 Haringvliet 22 Edinbane 41 Tjæreborg Enge 17 Echteld 8 Batteries Clashindarroch 37 Bajlum (89%) 15 Oom Kees (12%) 6 Solar Swinford 22 DræbyFed 9 Oudendijk 5 Onshore Battery@Ray 20 Ejsing (97%) 7 Haringvliet 38 Offshore Battery@PyC 22 Lyngmose 5 Blossom Zeewolde 22 1,350 1,710 Sas van Gent 19 Goirle 15 Echteld Spoorstraat 13 Lillgrund 110 DanTysk (51%) 288 Kooypunt 12 Blakliden + Fäbodberget (30%) 353 Sandbank (51%) 288 Hemweg 2 Bruzaholm 139 Alpha Ventus (26%) 60 Diemen 1 Stor-Rotliden 78 Westküste (20%) 7 Symbizon 1 Velinga 67 Juliusburg-Krukow 79 Decentral Solar installations 8 Grönhult (0%, AMA²) 67 Tützpatz 77 Alexia 3 Högabjär-Kärsås (50%) 38 Nauen 46 Haringvliet 12 Höge Väg (50%) 37 Silberstedt 24 2,287 Hjuleberg (50%) 36 Decentral Solar installations 2 Juktan (50%) 29 Geesthacht (0%³) 2 Toledo 55 Markersbach Damm (0%³) 4 Bruzaholm 38 Döbrichau 28 1,047 Bärwalde 18 Ingredion 1 924 Capacity in operation [MW] Capacity in operation [MW] Germany Sweden United Kingdom Denmark The Netherlands Sweden Germany Capacity in operation [MW] The NetherlandsUnited Kingdom Capacity in operation [MW] Denmark Capacity in operation [MW]
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Main projects BA Wind in our core countries 25 Offshore Onshore Solar Batteries * cPPA stands for Commercial Power Purchase Agreement. For these projects, BA Wind has signed a contract with a partner for the sale of contractually agreed amount of MW per year, for a fixed period of time (usually ranging between 10 -15 years) DE Nordlicht I 980 100 2028/2029 FID in March 2025, construction started in July 2026 DE Nordlicht II 630 100 2028/2029 Conditional FID in March 2025, unconditional FID in January 2026, construction is to begin in 2027 DE Wolfsberg 17 100 2026 Windfarm energised, final wind turbine installed and first power delivered UK Clashindarroch II 63 100 2027 FID in August 2025, civil works well underway according to schedule DE Neubrandenburg 84 100 2026 Under construction, cPPA* signed DE Martensdorf 94 100 2026 FID in June 2025 DE Big Battery Brunsbüttel 254 100 2028 FID in September 2026 In construction 2,122 NL Zeevonk phase 1 1,000 50 2030 DK Hesselo & North Sea Central 1,800 100 2032 DE Mettenheim 24 100 2029 DE Terpt 195 100 2028 Bid awarded in June 2024, partnering with CIP, phased development, preparing Zeevonk phase 1 for FID in Q4 2026 Bid awarded in August 2026, under development with procurement plan in progress Permit granted and irrevocable, succesful at August subsidy tender Irrevocable permit PV received, FID planed for December 2026 In development (mature stage) 3,019 Owner- ship (% ) Commissioning Current statusCountry Name Capacity (MW)