Interim report
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JANUARY - JUNE 2026 • Net sales amounted to EUR 79,728 thousand (83,412), a decrease of -4.4% compared with the corresponding period last year. Organic growth amounted to -2.9%. • Operating earnings (EBIT) amounted to EUR -822 thousand (4,276), corresponding to an EBIT margin of -1.0% (5.1). • EBITA amounted to EUR -762 thousand (4,336), corresponding to an EBITA margin of -1.0% (5.2). • Operating earnings before depreciation (EBITDA) amounted to EUR 2,668 thousand (8,027), corresponding to an EBITDA margin of 3.3% (9.6). • Underlying earnings before depreciation (underlying EBITDA) amounted to EUR 3,532 thousand (8,920), corresponding to an underlying EBITDA margin of 4.4% (10.7). • Order intake amounted to EUR 90,537 thousand ( 87,514), an increase of 3.5% compared with the corresponding period last year. Organic growth amounted to 4.6%. • Earnings per share amounted to EUR -155.85 (-58.59). Q2.2026 Interim Report January - June SECOND QUARTER 2026 • Net sales amounted to EUR 52,251 thousand (46,373), an increase of 12.7% compared with the corresponding quarter last year. Organic growth amounted to 12.8%. • Operating earnings (EBIT) amounted to EUR 3,034 thousand (3,829), corresponding to an EBIT margin of 5.8% (8.3). • EBITA amounted to EUR 3,064 thousand (3,859), corresponding to an EBITA margin of 5.9% (8.3). • Operating earnings before depreciation (EBITDA) amounted to EUR 4,846 thousand (5,703), corresponding to an EBITDA margin of 9.3% (12.3). • Underlying earnings before depreciation (underlying EBITDA) amounted to EUR 5,607 thousand (5,891), corresponding to an underlying EBITDA margin of 10.7% (12.7). • Order intake amounted to EUR 48,807 thousand ( 48,575), an increase of 0.5% compared with the corresponding quarter last year. Organic growth amounted to 1.0%. • Earnings per share amounted to EUR -32.13 (4.97). • ViaCon signed a letter of intent regarding the sale of ViaCon’s property in Rydzyna in Poland. The letter of intent also includes a so-called sale-and-leaseback, where ViaCon intends to sign a lease agreement for the property. If the transaction is completed, it is expected to have a positive cash flow effect in the second half of 2026 of approximately EUR 7,000 thousand.
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ViaCon Group | Interim Report | January - June 2026 / 2 COMMENTS FROM THE CEO The second quarter of 2026 was marked by good growth in both business areas, Bridges & Culverts Solutions and Water & Ground Solutions. Growth was driven by continued healthy demand across most of our markets, as well as a welcome recovery following the unusually harsh winter conditions that dampened customer activity during the first quarter. Order intake remained stable and at a fully satisfactory level, and we continue to see a strong pipeline and order backlog for the coming quarters. Net sales amounted to 52,251 (46,373) TEUR, an increase of 12.7 percent compared with the corresponding quarter last year. Organic growth amounted to 12.8 percent. EBITA amounted to 3,064 (3,859) TEUR, corresponding to an EBITA margin of 5.9 (8.3) percent. Cost control remained good, although margins were negatively affected by an unfavourable product and project mix, as well as higher material costs as a result of elevated oil prices. This primarily affected our plastic-based products and solutions within Water & Ground Solutions. Towards the end of the quarter, we noted that oil prices declined towards more normal levels. Order intake amounted to EUR 48,807 thousand (48,575), an increase of 0.5% compared with the same quarter prior year. Organic growth amounted 1.0% In May, ViaCon signed a letter of intent regarding the sale of the company’s property in Rydzyna, Poland. The letter of intent also includes a sale-and-leaseback arrangement, under which ViaCon intends to enter into a lease agreement for the property. The process is progressing according to plan, and if the transaction is completed, it is expected to have a positive cash flow effect of approximately 7,000 TEUR during the second half of 2026. BRIDGES & CULVERTS SOLUTIONS The business area delivered good growth during the quarter, largely driven by a recovery following winter-related delays and continued strong underlying demand for bridge and culvert solutions linked to infrastructure renewal in Europe. The margin was somewhat affected by an unfavourable product and project mix. Good growth in both business areas
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ViaCon Group | Interim Report | January - June 2026 / 3 COMMENTS FROM THE CEO - CONT. APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR 2026 2025 2026 2025 JUL 25-JUN 26 2025 Net sales 52,251 46,373 79,728 83,412 169,504 173,187 EBITDA 4,846 5,703 2,668 8,027 17,122 22,481 EBITDA margin 9.3% 12.3% 3.3% 9.6% 10.1% 13.0% Items excluded from underlying EBITDA 761 188 864 893 -3,999 -3,971 Underlying EBITDA 5,607 5,891 3,532 8,920 13,123 18,510 Underlying EBITDA margin 10.7% 12.7% 4.4% 10.7% 7.7% 10.7% EBITA 3,064 3,859 -762 4,336 10,220 15,318 EBITA margin 5.9% 8.3% -1.0% 5.2% 6.0% 8.8% Items excluded from underlying EBITA 761 188 864 893 -3,999 -3,971 Underlying EBITA 3,826 4,047 102 5,229 6,220 11,347 Underlying EBITA margin 7.3% 8.7% 0.1% 6.3% 3.7% 6.6% EBIT 3,034 3,829 -822 4,276 10,100 15,198 EBIT margin 5.8% 8.3% -1.0% 5.1% 6.0% 8.8% Items excluded from underlying EBIT 761 188 864 893 -3,999 -3,971 Underlying EBIT 3,796 4,017 42 5,169 6,100 11,227 Underlying EBIT margin 7.3% 8.7% 0.1% 6.2% 3.6% 6.5% Order intake 48,807 48,575 90,537 87,514 178,854 175,831 WATER & GROUND SOLUTIONS Water & Ground Solutions also developed positively during the quarter, with good growth driven by continued strong demand in geotechnics, stormwater and ground construction. Higher material costs for plastic-based products, due to elevated oil prices, had a negative impact on profitability. Towards the end of the quarter, we noted that oil prices declined towards more normal levels. Overall, I am pleased with the development in the second quarter. The good growth in both business areas provides a positive foundation for the remainder of the year, and I look ahead with confidence. Stefan Nordström President and CEO SHARE OF NET SALES 12M ROLLING Bridges & Culvert Solutions Water & Ground Solutions 56% 44%
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ViaCon Group | Interim Report | January - June 2026 / 4 NET SALES, EARNINGS AND PROFITABILITY APRIL-JUNE Net sales for the Group amounted to EUR 52,251 thousand (46,373), an increase of 12.7% compared to the corresponding quarter last year. Adjusted for currency effects, organic growth was 12.8% for the quarter. The Group’s operating earnings (EBIT) amounted to EUR 3,034 thousand (3,829), which equates to an operating margin of 5.8% (8.3). Underlying operating earnings totalled EUR 3,796 thousand (4,017), with an operating margin of 7.3% (8.7). Items affecting comparability have impacted the quarterly operating earnings in the amount of EUR -761 (-188) thousand. Earnings before depreciation and amortisation amounted to EUR 4,846 thousand (5,703), equating to an EBITDA margin of 9.3% (12.3). After adjustment of items affecting comparability the underlying earnings before depreciation and amortisation amounted to EUR 5,607 thousand (5,891), which resulted in an underlying EBITDA margin of 10.7% (12.7). The Group’s net financial items amounted to EUR -3,547 thousand (-3,025). The net effect of exchange differences amounted to EUR -374 thousand (156), the interest net amounted to EUR -3,020 thousand (-3,077), of which interest expenses for lease liabilities were EUR -229 thousand (-166) and other financial items in the amount of EUR -153 thousand (-104). The Group’s profit/loss before tax amounted to EUR thousand -513 (803) and profit/loss after tax to EUR -1,610 (249). Comments on the report Bridges & Culverts Solutions Water & Ground Solutions Not allocated items IFRS16 ViaCon Group APR-JUN APR-JUN APR-JUN APR-JUN TEUR 2026 2025 2026 2025* 2026 2025 2026 2025 Net sales 20,993 18,602 31,258 27,771 - - 52,251 46,373 Earnings before depreciation (EBITDA) 1,607 2,448 2,130 2,422 1,108 833 4,846 5,703 EBITDA margin 7.7% 13.2% 6.8% 8.7% 9.3% 12.3% Items affecting comparability excluded from underlying EBITDA 271 89 491 99 - - 761 188 Underlying earnings before depreciation (underlying EBITDA) 1,877 2,537 2,622 2,521 1,108 833 5,607 5,891 Underlying EBITDA margin 8.9% 13.6% 8.4% 9.1% 10.7% 12.7% Depreciation and impairment -437 -459 -602 -718 -742 -666 -1,781 -1,844 EBITA 1,170 1,989 1,528 1,704 366 167 3,064 3,859 EBITA margin 5.6% 10.7% 4.9% 6.1% 5.9% 8.3% Items affecting comparability excluded from underlying EBITA 271 89 491 99 - - 761 188 Underlying EBITA 1,440 2,078 2,020 1,803 366 167 3,826 4,047 Underlying EBITA margin 6.9% 11.2% 6.5% 6.5% 7.3% 8.7% Amortisation of surplus values related to acquisitions -24 -22 -6 -8 - - -30 -30 Operating earnings (EBIT) 1,146 1,966 1,523 1,696 366 167 3,034 3,829 EBIT margin 5.5% 10.6% 4.9% 6.1% 5.8% 8.3% Items affecting comparability excluded from underlying EBIT 271 89 491 99 - - 761 188 Underlying operating earnings (EBIT) 1,416 2,056 2,013 1,795 366 167 3,796 4,017 Underlying EBIT margin 6.7% 11.1% 6.4% 6.5% 7.3% 8.7% *) Pro forma due to merger of former business areas GeoTechnical Solutions and StormWater Solutions into Water & Ground Solutions.
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ViaCon Group | Interim Report | January - June 2026 / 5 JANUARY-JUNE Net sales for the Group amounted to EUR 79,728 thousand (83,412), a decrease of -4.4% compared to the corresponding period last year. Adjusted for currency effects, organic growth was -2.9%. The Group’s operating earnings (EBIT) amounted to EUR -822 thousand (4,276), which equates to an operating margin of -1.0% (5.1). Underlying operating earnings totalled EUR 42 thousand (5,169), with an operating margin of 0.1% (6.2). The operating result was lower than the previous year as a result of lower revenue, mainly due to difficult weather conditions during the first part of the period and a negative effect on the profit margins due to an unfavourable change in product and project mix. Items affecting comparability have impacted the quarterly operating earnings in the amount of EUR -864 thousand (-893). Earnings before depreciation and amortisation amounted to EUR 2,668 thousand (8,027), equating to an EBITDA margin of 3.3% (9.6). After adjustment of items affecting comparability the underlying earnings before depreciation and amortisation amounted to EUR 3,532 thousand (8,920), which resulted in an underlying EBITDA margin of 4.4% (10.7). The Group’s net financial items amounted to EUR -6,033 thousand (-6,224). The net effect of exchange differences amounted to EUR 58 thousand (377), the interest net amounted to EUR -5,856 thousand (-6,358), of which interest expenses for lease liabilities were EUR -464 thousand (-321), and other financial items in the amount of EUR-235 thousand (-243). The Group’s profit/loss before tax amounted to EUR -6,855 thousand (-1,948) and profit/loss after tax to EUR -7,808 thousand (-2,935). CASH FLOW AND INVESTMENTS JANUARY – JUNE Cash flow from operating activities for the quarter period was EUR -8,282 thousand (-10,113), of which the cash flow effect of the change in working capital amounted to EUR -2,085 thousand (-8,463). Cash flow from operating activities for the period was slightly better than in the corresponding period last year. The negative effect of a lower result compared to last year was offset by an improvement in changes in working capital. Cash flow from investing activities totalled EUR -547 thousand (-1,063), of which investments in intangible and tangible assets amounted to EUR -804 thousand (-1,303). FINANCIAL POSITION The Group’s net debt amounted to EUR 100,017 thousand (114,067). Adjusted net debt excluding lease liabilities amounted to EUR 86,975 thousand (105,006). The change in net debt is mainly due to a decrease in bond loan and a higher cash position. Cash and cash equivalents amounted to EUR 19,528 thousand (11,239). The Group’s undrawn revolving credit facilities were as of the balance sheet date EUR 0 thousand (0), which meant that cash and cash equivalents available to the Group totalled EUR 19,528 thousand (11,239). MARKET AND OUTLOOK ViaCon operates in markets that are supported over the long term by a significant need to maintain, renew and climate-adapt infrastructure across Europe. Demand is driven by investments in road and rail, increasing requirements for efficient water management and ground stability, as well as a growing focus on sustainable and resource-efficient solutions. The first part of the period was characterised by challenging winter conditions in large parts of Europe, which delayed customers’ construction and infrastructure projects and had a negative impact on sales levels. At the same time, order intake remained strong throughout the period which confirms that the Group’s solutions remains good. Activities gradually improved towards the end of the period as weather conditions normalised. Uncertainty in the external environment and longer decision- making processes in certain markets continue to affect the timing of project starts, and the Group is also closely monitoring developments in raw material prices. Overall, ViaCon assesses that market conditions remain positive, although developments between quarters may continue to be volatile. The new organisational structure, with two business areas, Bridges & Culverts Solutions and Water & Ground Solutions, creates better conditions to clarify the offering, strengthen coordination of resources and competences, and meet customer needs with a more coherent product offering. This also supports continued efficiency improvements and long-term profitable growth. ViaCon assesses that the long-term market outlook remains positive and that the company is well positioned to strengthen its market position through sustainable, cost-efficient and technically competitive solutions. Comments on the report - cont.
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ViaCon Group | Interim Report | January - June 2026 / 6 BUSINESS AREA Bridges & Culverts Solutions The Bridges & Culverts Solutions business area accounts for approximately 44% of the Group’s total sales. The business area offers solutions for bridges, culverts, viaducts, tunnels, silos and wildlife crossings, primarily in steel but also in concrete and plastic, for the construction of sustainable and cost-efficient infrastructure. The business area delivered good growth in the second quarter, largely driven by continued healthy demand for bridge and culvert solutions as well as a clear recovery following the challenging winter weather that affected customers’ project pace during the first quarter of the year. Market activity increased gradually during the quarter, and demand continues to be supported by the long-term need to renew and strengthen infrastructure across Europe, including road and rail as well as industrial and mining-related applications. However, the margin was negatively affected by an unfavourable product and project mix during the quarer. The quarter’s net sales amounted to EUR 20,993 thousand (18,602), an increase of 12.9%. Organic growth amounted to 14.2%. Earnings before depreciation amounted to EUR 1,607 thousand (2,448), corresponding to an EBITDA margin of 7.7% (13.2). The underlying earnings before depreciation amounted to EUR 1,877 thousand (2,537), corresponding to an underlying EBITDA margin of 8.9% (13.6). Order intake for the quarter amounted to EUR 25,820 thousand (20,848), an increase of 23.9% compared to the corresponding quarter last year. Organic growth amounted to 25.4%. MARKET AND OUTLOOK The market for Bridges & Culverts Solutions is supported by a continued strong need to maintain, adapt and develop infrastructure across Europe. Investments in road and rail networks, as well as the need for robust solutions for industry, logistics and mining operations, contribute to stable underlying demand. Interest in solutions that combine functionality, efficient instal- lation and sustainability continues to grow. This includes wildlife crossings and other structures that enable safe passage for both traffic and wildlife, as well as relining and refurbishment of older structures as existing infrastructure ages. In Poland, previously communicated infrastructure invest - ments, following the release of EU funding, are expected to improve market conditions over time. At the same time, lead times in projects of this kind are often long, meaning that the effects are expected to materialise gradually. ViaCon is well positioned to benefit from this development through an offering that combines technical expertise, project-specific solutions and a holistic approach to structures and ground conditions. This creates favourable conditions to meet customers’ needs for sustainable, cost-efficient and high-performing infrastructure solutions over the long term. APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR 2026 2025 2026 2025 JUL 25-JUN 26 2025 Net sales 20,993 18,602 31,871 37,941 74,792 80,862 Earnings before depreciation (EBITDA excl. IFRS 16) 1,607 2,448 -133 4,528 4,949 9,610 EBITDA margin 7.7% 13.2% -0.4% 11.9% 6.6% 11.9% Underlying earnings before depreciation (underlying EBITDA excl. IFRS 16) 1,877 2,537 208 4,913 4,946 9,652 Underlying EBITDA margin 8.9% 13.6% 0.7% 12.9% 6.6% 11.9% EBITA 1,170 1,989 -877 3,594 3,137 7,608 EBITA margin 5.6% 10.7% -2.8% 9.5% 4.2% 9.4% Underlying EBITA 1,440 2,078 -536 3,979 3,135 7,650 Underlying EBITA margin 6.9% 11.2% -1.7% 10.5% 4.2% 9.5% Order intake 25,820 20,848 46,048 36,737 82,424 73,114
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ViaCon Group | Interim Report | January - June 2026 / 7 BUSINESS AREA Water & Ground Solutions Water & Ground Solutions business area accounts for approximately 56% of the Group’s total sales. The business area includes solutions for stormwater management, geotechnics and ground infrastructure, where corrugated steel tanks, plastic pipe systems, geosynthetics and retaining wall solutions together form an integrated offering for climate- resilient and resource-efficient infrastructure. The business area delivered good growth in the second quarter, driven by continued strong demand in geotechnics, stormwater and ground construction, as well as a recovery following winter-related delays. Higher material costs for plastic-based products, due to elevated oil prices, put pressure on margins during the quarter, together with an unfavourable product mix. Towards the end of the quarter, we noted that oil prices declined towards more normal levels. The quarter’s net sales amounted to EUR 31,258 thousand (27,771), an increase of 12.6%. Organic growth amounted to 11.8%. Earnings before depreciation amounted to EUR 2,130 thousand (2,422), corresponding to an EBITDA margin of 6.8% (8.7). The underlying earnings before depreciation amounted to EUR 2,622 thousand (2,521), corresponding to an underly - ing EBITDA margin of 8.4% (9.1). Order intake for the quarter amounted to EUR 22,986 thousand (27,727), a decrease of -17.1% compared to last year. Organic growth amounted to -17.4% . MARKET AND OUTLOOK The market for Water & Ground Solutions continues to be supported by growing demand for stormwater management, ground protection and sustainable performance in infra - structure and construction environments. Increasing requirements related to climate adaptation, flood prevention and resource-efficient water management contribute to stable underlying demand. Interest in solutions that combine functionality, efficient installation and sustainability continues to grow. This includes systems for attenuation, infiltration, reuse and firewater, as well as geotechnical solutions that reinforce, stabilise and protect ground conditions in road, rail, industrial and municipal projects. The integrated organisation within Water & Ground Solutions continues to strengthen our ability to meet customer needs through an integrated offering. By combining expertise in geotechnics, stormwater and ground construction, we are well positioned to deliver end-to-end solutions and drive efficiencies across the business. ViaCon is well positioned to benefit from this development through an offering that combines technical expertise, project-specific solutions and a holistic perspective on water- and ground-related challenges. This creates favourable conditions for meeting customers’ needs for sustainable, cost-efficient and high-performing solutions over the long term. APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR 2026 2025* 2026 2025* JUL 25-JUN 26* 2025* Net sales 31,258 27,771 47,857 45,471 94,711 92,325 Earnings before depreciation (EBITDA excl. IFRS 16) 2,130 2,422 617 1,933 8,016 9,332 EBITDA margin 6.8% 8.7% 1.3% 4.3% 8.5% 10.1% Underlying earnings before depreciation (underlying EBITDA excl. IFRS 16) 2,622 2,521 1,141 2,441 4,019 5,319 Underlying EBITDA margin 8.4% 9.1% 2.4% 5.4% 4.2% 5.8% EBITA 1,528 1,704 -605 441 5,721 6,767 EBITA margin 4.9% 6.1% -1.3% 1.0% 6.0% 7.3% Underlying EBITA 2,020 1,803 -82 948 1,724 2,754 Underlying EBITA margin 6.5% 6.5% -0.2% 2.1% 1.8% 3.0% Order intake 22,986 27,727 44,489 50,777 96,430 102,718 *) Pro forma due to merger of former business areas GeoTechnical Solutions and StormWater Solutions into Water & Ground Solutions.
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ViaCon Group | Interim Report | January - June 2026 / 8 EMPLOYEES The average number of full-time employees (FTE) in the Group from January 1 to June 30, 2026 was 639 (639). On the balance sheet date, the number of employees was 654 (653). RISK AND UNCERTAINTIES ViaCon is subject to several operational and financial risks, which may affect parts or all of its activities. Exposure to risk is a natural part of running a business and this is reflected in ViaCon’s approach to risk management. It aims to identify risks and prevent risks from occurring or to limit any damage resulting from these risks. Risks to the business can be categorised as industry, market and competitive risks, operational risks, strategic risks, sustainability risks and financial risk. Through the Group’s risk management and internal control framework, ViaCon aims to systematically identify, assess and manage risk throughout the Group. The Board of Directors is responsible to the shareholders for the company’s overall risk management. Internal control and risk management are primarily carried out with the operation itself, i.e. with the CEO, managers and employees in the operational units and through the work they carry out in accordance with the roles, instructions and guidelines that apply to each of them. The most significant risks are the economic impact on demand, access to and price variations on raw materials, risks within IT infrastructure and also geopolitical risks. Currency fluctuations and disruptions on the world’s financial markets also constitute significant risks. The increased incidence of tariffs between the US and Europe has a limited impact on ViaCon’s operation The geopolitical situation, however, has led to increased uncertainty regarding the Group’s risks and uncertainties in general. A more detailed description of the Group’s risks is found on the pages 40-43 and 107-110 in the Group’s annual report for 2025. SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD No significant events after the period. PARENT COMPANY Operating earnings in the Parent Company for the period amounted to EUR -1,700 thousand (-1,748) and earnings before tax to EUR -7,386 thousand (-8,066). The Parent Company’s net debt amounted to EUR 140,674 thousand (135,990) and equity amounted to EUR 123,325 thousand (126,306). Cash and cash equivalents amounted to EUR 36 thousand (63) on the balance sheet date. OWNERSHIP STRUCTURE AND NUMBER OF SHARES ViaCon Group AB (publ), is a wholly owned subsidiary of the Norwegian company RI Holding AS with company registration number 923 991 484. ViaCon is part of the Group ViaCon BridgeCo AS, Oslo, Norway, which prepares consolidated financial statements for the highest level. ViaCon BridgeCo AS is owned by FSN Capital V. ViaCon’s management and other representatives have an indirect ownership in the ViaCon Group by owning 4.6% of the Norwegian parent company RI Holding AS. The Parent Company’s share capital amounts to EUR 45 thousand, divided into 50,100 shares. SEASONAL VARIATIONS ViaCon has pronounced seasonal variations during the year, which tie in with the weather conditions and vary from quarter to quarter and from year to year. In addition, the outcome is affected by customers’ strategic planning of infrastructure investments over the year. The lowest net sales and operating earnings are usually reflected in the first and fourth quarters. AUDIT REVIEW This report has not been reviewed by ViaCon’s auditors. TRANSLATION This report is a translation of the Swedish original and in the event of inconsistency or discrepancy between the English and Swedish version of this publication, the Swedish version shall prevail. All amounts, unless otherwise stated, are rounded to the nearest thousands. The data in parentheses refer to the previous year. Gothenburg, August 27, 2026 ViaCon Group AB (publ) Stefan Nordström President and CEO Other information
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ViaCon Group | Interim Report | January - June 2026 / 9 ViaCon in brief ViaCon is a leader in infrastructure construction solutions. Built on strong Nordic roots, ViaCon embodies a practical, human perspective that brings together technology and verifiable sustainability. The long-term view defines our vision, and by driving smart, future-friendly construction solutions for bridges and culverts, geotechnical and stormwater solutions, we will continue to shape and lead our industry. ViaCon aims at the highest standards when it comes to environ - mental awareness, health and safety. The solutions are designed to minimise carbon footprint with minimum disruptions of traffic at work site, hence handling negative effects on both environment and society. ViaCon offers its customers a host of distinct state-of-the-art solutions that are long-lasting and designed to meet the challenges of a changing world. ViaCon’s solutions support both its customers and the society in reaching the vital sustainable goals. VIACON CONSTRUCTS CONNECTIONS. CONSCIOUSLY. Finland Vimpeli United Kingdom* St Helens France Neuville-Sur-Saône Hungary Biatorbágy Turkey Sakarya Lithuania Kaunas Poland Rydzyna Romania Prejmer Bridges & Culverts Solutions Production Facilities Headquarters Gothenburg, Sweden Water & Ground Solutions Sales offices in total, approx 50 sales offices in all major markets. Germany Mulheim Finland Vimpeli United Kingdom* St Helens France Neuville-Sur-Saône Hungary Biatorbágy Turkey Sakarya Lithuania Kaunas Poland Rydzyna Romania Prejmer Bridges & Culverts Solutions Production Facilities Headquarters Gothenburg, Sweden Water & Ground Solutions Sales offices in total, approx 50 sales offices in all major markets. Germany Mulheim *) Incl. Northern Ireland Presence in 18 countries across Europe
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ViaCon Group | Interim Report | January - June 2026 / 10 ViaCon works in close collaboration with all stakeholders ViaCon combines experience and highest level technical know-how with cutting-edge technology. We are pioneers in the field of bridges, culverts, geotechnical and stormwater solutions and we offer our customers sustainable solutions designed to meet the challenges of a changing world. ViaCon’s solutions support both our customers and the society in reaching the vital sustainable goals. We have the strength of a group at the same time as we have extensive knowledge of the local markets in which we operate. We attach great importance to maintain a close relationship with our stakeholders in all parts of the projects by creating awareness of our solutions and transparency in upcoming projects. The Group has long-standing relation - ships with decision makers in infrastruc - ture projects, including large multina - tional contractors, national road and railway agencies and both industrial and commercial building owners. SERVICES AND SOLUTIONS ViaCon works proactively with engineering solutions with all stake - holders involved in the early planning of infrastructure projects. The proactive work secures that the technical specifications for infrastruc - ture projects allow the acceptance of the Group’s products and solutions which in turn leads to good growth opportunities. CONCEPT ENGINEERING Through ViaCon’s design and engi - neering centres, we continuously develop new product concepts to provide the customers with innovative solutions. Engineering and design is primarily located in Poland but also in other locations like Lithuania, Sweden, France, Turkey and UK. SALES ViaCon has a direct sales force in 18 countries which are supported by the different engineering and design centers throughout the group. PROJECT ENGINEERING ViaCon offers engineering with state-of-the-art resources located both centrally in each business area as well as locally in our larger geographic markets. This allows the Group to offer custom - ised and tailor-made solutions for a diverse amount of application areas. SOURCING ViaCon benefits from a central purchasing organisation with approxi - mately 300 suppliers. The largest categories steel, polyethylene, polypro - pylene, transports and traded goods. PRODUCTION ViaCon’s production facilities are based at nine strategic locations across Europe. These facilities are used to produce buried flexible steel structures, steel pipes & culverts, watertanks and plastic pipes. DISTRIBUTION Delivery of ViaCon’s products is offered directly to the installation site from the Group’s production facilities for all steel products. Furthermore, selected geosynthetics and plastic pipes are held in stock locally by the Group. ASSEMBLY Assembly of steel bridges produced by the Group is offered to customers on a selective basis mostly with contracted resources. Technology leader with excellent engineering capabilities SELECTED SOLUTIONS OFFERING • A broad and competitive product line within the business areas Bridges & Culverts Solutions and Water & Ground Solutions. • Strong conceptual engineering that continuously improves current products and invents new solutions. • Research together with leading universities that has produced many groundbreaking ideas. • Excellent project engineering that creates customised and competi - tive solutions to customer problems. • Group engineering centers with state-of-the-art resources combined with local engineering that is close to our markets and key customers.
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ViaCon Group | Interim Report | January – June 2026 / 11 Condensed consolidated income statement APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR Note 2026 2025 2026 2025 JUL 25 - JUN 26 2025 Net sales 2 52,251 46,373 79,728 83,412 169,504 173,187 Other operating income 289 204 558 623 9,221 9,286 Raw materials and consumables used -29,593 -24,477 -44,682 -43,496 -94,828 -93,643 Personnel costs -11,391 -9,785 -21,295 -19,655 -40,566 -38,927 Depreciation, amortisation and impairment -1,811 -1,874 -3,490 -3,751 -7,022 -7,283 Other external expenses -6,717 -6,417 -11,845 -12,760 -26,062 -26,977 Other operating expenses 7 -195 203 -97 -146 -446 Operating earnings 3,034 3,829 -822 4,276 10,100 15,198 Financial income 2,980 2,491 6,933 5,212 9,548 7,827 Financial expenses -6,527 -5,516 -12,966 -11,436 -21,864 -20,334 Net financial items*) -3,547 -3,025 -6,033 -6,224 -12,317 -12,508 Earnings before tax -513 803 -6,855 -1,948 -2,217 2,690 Tax on earnings for the year -1,097 -554 -953 -988 -5,841 -5,876 Earnings for the period -1,610 249 -7,808 -2,935 -8,058 -3,186 Earnings for the period attributable to: Equity holders of the parent company -1,610 249 -7,808 -2,935 -8,058 -3,186 Earnings per share attributable to parent company shareholders: Earnings per share, EUR (50,100 shares) -32.13 4.97 -155.85 -58.59 -160.85 -63.58 *) of which translation differences in net financial items -374 156 58 377 58 377
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ViaCon Group | Interim Report | January – June 2026 / 12 Condensed consolidated comprehensive income APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR 2026 2025 2026 2025 JUL 25 - JUN 26 2025 Earnings for the period -1,610 249 -7,808 -2,935 -8,058 -3,186 Items that will not be reclassified to income statement in subsequent periods: Remeasurements of defined benefit pension plans, net of tax - - - - 63 63 Items to be reclassified to income statement in subsequent periods: Remeasurement of hyperinflation, net of tax -78 -191 -35 75 -435 -325 Exchange differences on translation of foreign operations -46 -1,373 -1,051 -741 -1,172 -863 Other comprehensive income for the period, net of tax -124 -1,564 -1,086 -666 -1,545 -1,125 Total comprehensive income for the period -1,733 -1,315 -8,894 -3,602 -9,603 -4,310 Total comprehensive income attributable to: Equity holders of the parent company -1,733 -1,315 -8,894 -3,602 -9,603 -4,310
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ViaCon Group | Interim Report | January – June 2026 / 13 Condensed consolidated balance sheet TEUR Note 30 JUN 2026 30 JUN 2025 31 DEC 2025 ASSETS Non-current assets Intangible assets 45,198 45,331 46,082 Property, plant and equipment 22,619 27,586 27,230 Financial assets 2,993 1,653 2,684 Deferred tax assets 3,334 4,999 3,945 Total non-current assets 74,145 79,568 79,940 Current assets Inventories 22,798 18,679 15,816 Accounts receivable 30,493 30,780 28,322 Other current receivables 9,286 9,596 6,877 Cash and cash equivalents 19,528 11,239 20,578 Assets held for sale 5 3,694 5,013 - Total current assets 85,798 75,306 71,594 TOTAL ASSETS 159,943 154,875 151,534 EQUITY AND LIABILITIES Equity Share capital 45 45 45 Other contributed capital 51,673 39,173 51,673 Other reserves 372 1,544 1,423 Retained earnings including earnings for the period -64,503 -56,072 -56,659 Total equity -12,412 -15,309 -3,517 Liabilities Non-current liabilities Deferred tax liabilities 56 81 77 Pension obligations 755 798 742 Bond 3 93,441 - 92,450 Other non-current interest-bearing liabilities and provisions 10,309 7,243 10,799 Total non-current liabilities 104,561 8,122 104,069 Current liabilities Bond 3 - 99,772 - Liabilities to credit institutions 15,329 17,327 6,144 Accounts payable 25,549 21,213 17,763 Liabilities held for sale 5 79 288 - Other current liabilities and provisions 26,836 23,462 27,076 Total current liabilities 67,793 162,062 50,983 TOTAL EQUITY AND LIABILITIES 159,943 154,875 151,534
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ViaCon Group | Interim Report | January – June 2026 / 14 Consolidated net debt composition Condensed consolidated statement of changes in equity TEUR 30 JUN 2026 30 JUN 2025 31 DEC 2025 Opening balance as of beginning of period -3,517 -11,732 -11,732 Comprehensive income Earnings for the period -7,808 -2,935 -3,186 Other comprehensive income net of tax -1,086 -666 -1,125 Total comprehensive income -8,894 -3,602 -4,310 Transactions with shareholders Shareholders' contribution - - 12,500 Group contribution - 25 25 Total transactions with shareholders - 25 12,525 Closing balance as of end of period -12,412 -15,309 -3,517 Attributable to: Equity holders of the parent company -12,412 -15,309 -3,517 TEUR 30 JUN 2026 30 JUN 2025 31 DEC 2025 Non-current interest-bearing liabilities -103,037 -6,675 -102,472 Pension obligations -755 -798 -742 Current interest-bearing liabilities -18,776 -119,485 -9,764 Financial interest-bearing receivables 3,023 1,653 2,684 Cash and cash equivalents 19,528 11,239 20,578 Net debt (-) -100,017 -114,067 -89,716
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ViaCon Group | Interim Report | January – June 2026 / 15 Condensed consolidated cash flow statement APR-JUN JAN-JUN FULL YEAR TEUR 2026 2025 2026 2025 2025 Operating activities Earnings after financial items -513 803 -6,855 -1,948 2,690 Adjustments for items not included in cash flow*) 2,079 1,356 3,261 1,418 -3,364 Taxes paid -2,331 -744 -2,602 -1,120 -2,439 Cash flow from operating activities before changes in working capital -765 1,416 -6,197 -1,650 -3,113 Cash flow from changes in working capital Increase (-)/ Decrease (+) in inventories -3,053 -445 -7,214 -2,545 -42 Increase (-)/ Decrease (+) in accounts receivable -4,990 -3,196 -4,989 -8,744 -3,747 Increase (+)/ Decrease (-) in accounts payables 6,663 2,541 7,916 3,505 244 Change in other current receivables and liabilities 1,860 -1,497 2,202 -680 -1,073 Cash flow from changes in working capital 480 -2,597 -2,085 -8,463 -4,617 Cash flow from operating activities -285 -1,181 -8,282 -10,113 -7,730 Investing activities Acquisition of property, plant and equipment and intangible assets -520 -407 -804 -1,303 -2,292 Divestment of property, plant and equipment 109 70 257 240 16,759 Cash flow from investing activities -411 -337 -547 -1,063 14,466 Financing activities Proceeds from borrowings 5,463 874 11,833 3,539 4,255 Repayment of borrowings 22 -1,392 -1,615 -3,333 -20,490 Transaction cost refinancing - - - - -2,131 Shareholders' contribution - - - - 12,500 Repayment of leases liabilities -1,281 -871 -2,495 -1,698 -3,904 Cash flow from financing activities 4,203 -1,388 7,722 -1,492 -9,770 Net increase/decrease in cash 3,507 -2,906 -1,106 -12,667 -3,034 Reconciliation of cash and cash equivalents Cash and cash equivalents as of beginning of the period 16,159 14,558 20,578 24,133 24,133 Cash flow for the period 3,507 -2,906 -1,106 -12,667 -3,034 Translation differences in cash and cash equivalents -138 -415 57 -227 -521 Cash and cash equivalents at the end of the period 19,528 11,239 19,528 11,239 20,578 *) Adjustments for items not included in cash flow Depreciation of non-current assets 1,812 1,874 3,491 3,750 7,283 Net currency gains/ losses 381 -378 -321 -1,342 -1,728 Net financial items 123 387 412 518 887 Gains and losses on sale of tangible assets -56 -41 -128 -98 -8,142 Impairment of inventory -112 -17 16 23 108 Change in restructuring provisions -73 -476 -223 -1,462 -1,740 Other 6 6 13 28 -31 Total 2,079 1,356 3,261 1,418 -3,364
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ViaCon Group | Interim Report | January – June 2026 / 16 Consolidated adjusted income statement Alternative Performance Measures (APM) APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR 2026 2025 2026 2025 JUL 25 - JUN 26 2025 Net sales 52,251 46,373 79,728 83,412 169,504 173,187 EBITDA 4,846 5,703 2,668 8,027 17,122 22,481 Items excluded from underlying EBITDA 761 188 864 893 -3,999 -3,971 Underlying EBITDA 5,607 5,891 3,532 8,920 13,123 18,510 Underlying EBITDA margin 10.7% 12.7% 4.4% 10.7% 7.7% 10.7% EBITA 3,064 3,859 -762 4,336 10,220 15,318 Items excluded from underlying EBITA 761 188 864 893 -3,999 -3,971 Underlying EBITA 3,826 4,047 102 5,229 6,220 11,347 Underlying EBITA margin 7.3% 8.7% 0.1% 6.3% 3.7% 6.6% EBIT (operating earnings) 3,034 3,829 -822 4,276 10,100 15,198 Items excluded from underlying EBIT 761 188 864 893 -3,999 -3,971 Underlying EBIT 3,796 4,017 42 5,169 6,100 11,227 Underlying EBIT margin 7.3% 8.7% 0.1% 6.2% 3.6% 6.5% Items affecting comparability Gain on sale of properties - - -34 - -5,960 -5,926 Restructuring and efficiency program 139 5 156 97 736 677 Other 623 184 742 795 1,225 1,279 Sum items affecting comparability before depreciation 761 188 864 893 -3,999 -3,971 APR-JUN JAN-JUN 12 M ROLLING FULL YEAR TEUR 2026 2025 2026 2025 JUL 25 - JUN 26 2025 Net sales 52,251 46,373 79,728 83,412 169,504 173,187 EBIT (operating earnings) 3,034 3,829 -822 4,276 10,100 15,198 Amortisation of surplus values related to acqui- sitions 30 30 60 60 120 120 EBITA 3,064 3,859 -762 4,336 10,220 15,318 EBITA margin 5.9% 8.3% -1.0% 5.2% 6.0% 8.8% Depreciation and impairment 1,781 1,844 3,430 3,691 6,902 7,163 EBITDA 4,846 5,703 2,668 8,027 17,122 22,481 EBITDA margin 9.3% 12.3% 3.3% 9.6% 10.1% 13.0% APMs are used by ViaCon for annual and periodic financial reporting to provide a better understanding of the company’s underlying financial performance for the period. Underlying EBITDA and underlying EBIT are also used by management to drive performance in terms of target setting. These measures are adjusted IFRS measures defined, calculated and used in a consistent and transparent manner over time and across the Group where relevant. Earnings before depreciation (EBITDA)
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ViaCon Group | Interim Report | January – June 2026 / 17 Alternative Performance Measures (APM) - cont. Consolidated adjusted net debt composition Return on capital employed (ROCE) Consolidated liquidity Operating working capital TEUR 30 JUN 2026 30 JUN 2025 31 DEC 2025 Inventories 22,798 18,679 15,816 Accounts receivables 30,493 30,780 28,322 Contract assets 3,689 3,927 1,207 Prepayment to suppliers 856 933 710 Accounts payable -25,549 -21,213 -17,763 Contract liabilities -5,540 -1,833 -2,344 Operating working capital (OPWC) 26,746 31,272 25,948 TEUR 30 JUN 2026 30 JUN 2025 31 DEC 2025 Cash and cash equivalents 19,528 11,239 20,578 Undrawn credit facilities - - 10,000 Total available liquidity 19,528 11,239 30,578 TEUR 30 JUN 2026 30 JUN 2025 31 DEC 2025 Net debt (-) -100,017 -114,067 -89,716 Less interest-bearing liabilities attributable to lease liabilities 13,042 9,061 13,643 Adjusted net debt (-), excluding leases liabilities -86,975 -105,006 -76,074 30 JUN 2026 30 JUN 2025 31 DEC 2025 Return on capital employed 6.8% 10.9% 12.2% The company sold accounts receivable to an external party through a non-recourse factoring agreement, the positive impact on working capital on the balance sheet date was EUR 3.4 million. Since all significant risks and rewards have been transferred, the receivables have been derecognized from the balance sheet. The transaction has been classified as a cash flow from operating activities. No repurchase obligations or guarantees remain.
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ViaCon Group | Interim Report | January – June 2026 / 18 Group quarterly overview 2026 2025 2024 TEUR Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Income statement Net sales 52,251 27,477 44,000 45,775 46,373 37,039 49,416 45,858 46,213 Earnings before depreciation (EBITDA) 4,846 -2,177 5,510 8,943 5,703 2,324 1,000 3,842 2,311 EBITDA margin 9.3% -7.9% 12.5% 19.5% 12.3% 6.3% 2.0% 8.4% 5.0% Underlying earnings before depreciation (underlying EBITDA) 5,607 -2,075 4,962 4,628 5,891 3,028 5,081 4,144 3,081 Underlying EBITDA margin 10.7% -7.6% 11.3% 10.1% 12.7% 8.2% 10.3% 9.0% 6.7% EBITA 3,064 -3,827 3,619 7,363 3,859 478 -1,495 2,083 523 EBITA margin 5.9% -13.9% 8.2% 16.1% 8.3% 1.3% -3.0% 4.5% 1.1% Underlying EBITA 3,826 -3,724 3,071 3,048 4,047 1,182 2,945 2,385 1,293 Underlying EBITA margin 7.3% -13.6% 7.0% 6.7% 8.7% 3.2% 6.0% 5.2% 2.8% Operating earnings EBIT 3,034 -3,857 3,589 7,333 3,829 448 -1,525 2,053 463 EBIT margin 5.8% -14.0% 8.2% 16.0% 8.3% 1.2% -3.1% 4.5% 1.0% Underlying operating earnings (underlying EBIT) 3,796 -3,754 3,041 3,018 4,017 1,152 2,915 2,355 1,233 Underlying EBIT margin 7.3% -13.7% 6.9% 6.6% 8.7% 3.1% 5.9% 5.1% 2.7% Earnings for the period after tax -1,610 -6,199 -2,092 1,842 249 -3,184 -5,710 -2,752 -3,080 Balance sheet Non-current assets 74,145 78,513 79,940 79,021 79,568 84,701 83,856 85,429 87,060 Current assets 85,798 70,380 71,594 78,709 75,306 73,608 75,247 82,015 82,934 Equity -12,412 -10,679 -3,517 -14,284 -15,309 -13,993 -11,732 -6,005 -3,495 Non-current liabilities 104,515 104,233 104,069 9,924 7,633 8,214 8,132 108,550 109,645 Current liabilities 67,839 55,338 50,983 162,090 162,551 164,088 162,703 64,899 63,844 Other Net debt (-) -100,017 -98,078 -89,716 -108,358 -114,067 -111,077 -100,980 -106,984 -103,434 Adjusted net debt (-), excluding leases liabilities -86,975 -85,036 -76,074 -97,169 -105,006 -102,049 -91,976 -96,884 -91,926
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ViaCon Group | Interim Report | January – June 2026 / 19 Segment reporting ViaCon is divided into two different business areas: Bridges & Culverts Solutions and Water & Ground Solutions.These two business areas are the segments at which management and the Board carries out follow-ups. The chief operating decision maker in the Group is the President and CEO, who runs the operation together with the other members of the Group management. The segments’ accounting policies adhere to the same policies as those applied in the preparation of the consolidated financial statements. However, ViaCon reports the effect of IFRS 16 at Group level and is not allocated to the different segments. Key measures for management and reporting are net sales, underlying earnings before depreciation and underlying operating earnings. Bridges & Culverts Solutions Water & Ground Solutions Not allocated items IFRS16 ViaCon Group APR-JUN APR-JUN APR-JUN APR-JUN TEUR 2026 2025 2026 2025* 2026 2025 2026 2025 Net sales 20,993 18,602 31,258 27,771 - - 52,251 46,373 Earnings before depreciation (EBITDA) 1,607 2,448 2,130 2,422 1,108 833 4,846 5,703 EBITDA margin 7.7% 13.2% 6.8% 8.7% 9.3% 12.3% Items affecting comparability excluded from underlying EBITDA 271 89 491 99 - - 761 188 Underlying earnings before depreciation (underlying EBITDA) 1,877 2,537 2,622 2,521 1,108 833 5,607 5,891 Underlying EBITDA margin 8.9% 13.6% 8.4% 9.1% 10.7% 12.7% Depreciation and impairment -437 -459 -602 -718 -742 -666 -1,781 -1,844 EBITA 1,170 1,989 1,528 1,704 366 167 3,064 3,859 EBITA margin 5.6% 10.7% 4.9% 6.1% 5.9% 8.3% Items affecting comparability excluded from underlying EBITA 271 89 491 99 - - 761 188 Underlying EBITA 1,440 2,078 2,020 1,803 366 167 3,826 4,047 Underlying EBITA margin 6.9% 11.2% 6.5% 6.5% 7.3% 8.7% Amortisation of surplus values related to acquisitions -24 -22 -6 -8 - - -30 -30 Operating earnings (EBIT) 1,146 1,966 1,523 1,696 366 167 3,034 3,829 EBIT margin 5.5% 10.6% 4.9% 6.1% 5.8% 8.3% Items affecting comparability excluded from underlying EBIT 271 89 491 99 - - 761 188 Underlying operating earnings (EBIT) 1,416 2,056 2,013 1,795 366 167 3,796 4,017 Underlying EBIT margin 6.7% 11.1% 6.4% 6.5% 7.3% 8.7% Items affecting comparability Gain on sale of properties - - - - - - - - Restructuring and efficiency program 82 5 57 - - - 139 5 Other 189 85 434 99 - - 623 184 Total items affecting comparability before depreciation 271 89 491 99 - - 761 188 *) Pro forma due to merger of former business areas GeoTechnical Solutions and StormWater Solutions into Water & Ground Solutions.
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ViaCon Group | Interim Report | January – June 2026 / 20 Segment reporting Bridges & Culverts Solutions Water & Ground Solutions Not allocated items IFRS16 ViaCon Group JAN-JUN JAN-JUN JAN-JUN JAN-JUN TEUR 2026 2025 2026 2025* 2026 2025 2026 2025 Net sales 31,871 37,941 47,857 45,471 - - 79,728 83,412 Earnings before depreciation (EBITDA) -133 4,528 617 1,933 2,184 1,566 2,668 8,027 EBITDA margin -0.4% 11.9% 1.3% 4.3% 3.3% 9.6% Items affecting comparability excluded from underlying EBITDA 341 385 523 508 - - 864 893 Underlying earnings before depreciation (underlying EBITDA) 208 4,913 1,141 2,441 2,184 1,566 3,532 8,920 Underlying EBITDA margin 0.7% 12.9% 2.4% 5.4% 4.4% 10.7% Depreciation and impairment -744 -934 -1,222 -1,493 -1,464 -1,264 -3,430 -3,691 EBITA -877 3,594 -605 441 720 302 -762 4,336 EBITA margin -2.8% 9.5% -1.3% 1.0% -1.0% 5.2% Items affecting comparability excluded from underlying EBITDA 341 385 523 508 - - 864 893 Underlying EBITA -536 3,979 -82 948 720 302 102 5,229 Underlying EBITA margin -1.7% 10.5% -0.2% 2.1% 0.1% 6.3% Amortisation of surplus values related to acquisitions -49 -44 -11 -16 - - -60 -60 Operating earnings (EBIT) -926 3,549 -616 425 720 302 -822 4,276 EBIT margin -2.9% 9.4% -1.3% 0.9% -1.0% 5.1% Items affecting comparability excluded from underlying EBIT 341 385 523 508 - - 864 893 Underlying operating earnings (EBIT) -585 3,934 -93 933 720 302 42 5,169 Underlying EBIT margin -1.8% 10.4% -0.2% 2.1% 0.1% 6.2% Items affecting comparability Gain on sale of properties - - -34 - - - -34 - Restructuring and efficiency program 82 43 74 54 - - 156 97 Other 259 342 483 454 - - 742 795 Total items affecting comparability before depreciation 341 385 523 508 - - 864 893 Other disclosures Operating working capital assets 20,262 22,396 37,573 31,922 - - 57,835 54,318 Operating working capital liabilities -14,179 -10,262 -16,910 -12,784 - - -31,089 -23,046 Operating working capital (OPWC) 6,083 12,134 20,663 19,138 - - 26,746 31,272 *) Pro forma due to merger of former business areas GeoTechnical Solutions and StormWater Solutions into Water & Ground Solutions.
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ViaCon Group | Interim Report | January – June 2026 / 21 Segment reporting Bridges & Culverts Solutions Water & Ground Solutions Not allocated items IFRS16 ViaCon Group 12 M ROLLING FULL YEAR 12 M ROLLING FULL YEAR 12 M ROLLING FULL YEAR 12 M ROLLING FULL YEAR TEUR JUL 25- JUN 26 2025 JUL 25- JUN 26* 2025* JUL 25- JUN 26 2025 JUL 25- JUN 26 2025 Net sales 74,792 80,862 94,711 92,325 - - 169,504 173,187 Earnings before depreciation (EBITDA) 4,949 9,610 8,016 9,332 4,157 3,539 17,122 22,481 EBITDA margin 6.6% 11.9% 8.5% 10.1% 10.1% 13.0% Items affecting comparability excluded from underlying EBITDA -2 42 -3,997 -4,013 - - -3,999 -3,971 Underlying earnings before depreciation (underlying EBITDA) 4,946 9,652 4,019 5,319 4,157 3,539 13,123 18,510 Underlying EBITDA margin 6.6% 11.9% 4.2% 5.8% 7.7% 10.7% Depreciation and impairment -1,812 -2,002 -2,294 -2,565 -2,796 -2,596 -6,902 -7,163 EBITA 3,137 7,608 5,721 6,767 1,361 943 10,220 15,318 EBITA margin 4.2% 9.4% 6.0% 7.3% 6.0% 8.8% Items affecting comparability excluded from underlying EBITA -2 42 -3,997 -4,013 - - -3,999 -3,971 Underlying EBITA 3,135 7,650 1,724 2,754 1,361 943 6,220 11,347 Underlying EBITA margin 4.2% 9.5% 1.8% 3.0% 3.7% 6.6% Amortisation of surplus values related to acquisitions -4 -89 -27 -31 - - -31 -120 Operating earnings (EBIT) 3,044 7,519 5,694 6,736 1,361 943 10,100 15,198 EBIT margin 4.1% 9.3% 6.0% 7.3% 6.0% 8.8% Items affecting comparability excluded from underlying EBIT -2 42 -3,997 -4,013 - - -3,999 -3,971 Underlying operating earnings (EBIT) 3,042 7,561 1,697 2,723 1,361 943 6,100 11,227 Underlying EBIT margin 4.1% 9.4% 1.8% 2.9% 3.6% 6.5% Items affecting comparability Gain on sale of properties -838 -838 -5,123 -5,089 - - -5,960 -5,926 Restructuring and efficiency program 317 278 419 399 - - 736 677 Other 519 602 706 677 - - 1,225 1,279 Total items affecting comparability before depreciation -2 42 -3,997 -4,013 - - -3,999 -3,971 Other disclosures Operating working capital assets 17,451 19,585 32,121 26,470 - - 49,572 46,055 Operating working capital liabilities -14,109 -10,192 -14,040 -9,915 - - -28,149 -20,107 Operating working capital (OPWC) 3,342 9,393 18,081 16,556 - - 21,423 25,948 *) Pro forma due to merger of former business areas GeoTechnical Solutions and StormWater Solutions into Water & Ground Solutions.
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ViaCon Group | Interim Report | January – June 2026 / 22 Condensed income statement parent company APR-JUN JAN-JUN FULL YEAR TEUR 2026 2025 2026 2025 2025 Net sales 2,062 2,223 4,122 4,458 10,228 Total operating income 2,062 2,223 4,122 4,458 10,228 Personnel costs -1,485 -1,369 -2,735 -2,789 -4,433 Depreciation, amortisation and impairment -6 -8 -15 -15 -27 Other external expenses -1,780 -1,519 -3,072 -3,402 -8,943 Operating earnings -1,209 -674 -1,700 -1,748 -3,175 Financial income 653 399 1,448 439 557 Financial expenses -3,532 -3,009 -7,134 -6,757 -13,500 Net financial items -2,879 -2,610 -5,687 -6,318 -12,943 Earnings before tax -4,087 -3,284 -7,386 -8,066 -16,117 Tax on earnings for the period - - - - -43 Earnings for the period -4,087 -3,284 -7,386 -8,066 -16,160 Other comprehensive income and net income are consistent since there are no items in other comprehensive income.
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ViaCon Group | Interim Report | January – June 2026 / 23 Condensed balance sheet parent company TEUR Note 30 JUN 2026 30 JUN 2025 31 DEC 2025 ASSETS Non-current assets Property, plant and equipment 34 41 43 Participations in group companies 266,003 266,003 266,003 Total non-current assets 266,037 266,044 266,046 Current assets Current receivables from group companies 2,063 2,656 1,749 Other current receivables 883 480 1,227 Cash and cash equivalents 36 63 190 Total current assets 2,982 3,199 3,167 TOTAL ASSETS 269,020 269,243 269,213 EQUITY AND LIABILITIES Equity Restricted equity 45 45 45 Non-restricted equity 123,280 126,261 130,667 Total equity 123,325 126,306 130,712 Liabilities Non-current liabilities Bond 3 93,441 - 92,450 Other non-current liabilities 224 186 212 Total non-current liabilities 93,665 186 92,662 Current liabilities Bond 3 - 99,772 - Liabilities to credit institutions 15,000 15,000 5,000 Current liabilities to group companies 32,253 21,129 36,991 Restructuring provision 47 145 - Other current liabilities and provisions 4,729 6,704 3,849 Total current liabilities 52,029 142,750 45,839 TOTAL EQUITY AND LIABILITIES 269,020 269,243 269,213
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ViaCon Group | Interim Report | January – June 2026 / 24 NOTE 2 NET SALES NOTE 1 ACCOUNTING PRINCIPLES This interim report has, for the Group, been prepared in accor- dance with IAS 34 Interim Financial Reporting and applicable regulations in the Swedish Annual Accounts Act. In addition to the financial statements and their accompanying notes, disclosures pursuant to IAS 34.16A are also disclosed in other parts of the interim report. The financial reporting for the Parent Company has been prepared in accordance with chapter 9 of the Swedish Annual Accounts Act and RFR 2 Accounting for legal entities. The accounting policies applied are unchanged compared to those outlined in the 2025 Annual report. All amounts in EUR thousand unless otherwise stated. Figures in parentheses refer to the previous year. Some figures are rounded, and amounts might not always appear to match when added up. Bridges & Culverts Solutions Water & Ground Solutions* Total JAN-JUN JAN-JUN JAN-JUN 2026 2025 2026 2025 2026 2025 Products 30,457 34,905 46,953 44,580 77,410 79,485 Services 1,414 3,036 904 891 2,318 3,927 Net sales 31,871 37,941 47,857 45,471 79,728 83,412 *) Pro forma due to merger of former business areas GeoTechnical Solutions and StormWater Solutions into Water & Ground Solutions. Net sales by geographic region Net sales allocated by category The table presents the distribution of the Group’s income from external customers based on the geographic market in which the customer is located. The Group receives most of its income from Eastern and Western Europe. In the period January through June of 2026, Poland was the Group’s largest market with a share of 20.0% (18.1) followed by Turkey with 13.7% (13.1) which both are included in Eastern Europe (excl. Baltic). There is no single customer in the Group whose revenue exceeds 10% of the Group’s net sales. The table below present the net sales allocated by category. There are also cases where sales includes combinations of products and services. JAN-JUN 2026 2025 Sweden 5,979 6,944 Nordic (excl. Sweden) 11,774 11,035 Baltic 8,464 6,511 Eastern Europe (excl. Baltic) 39,482 38,188 Western Europe (excl. Nordic) 13,899 16,943 Other 132 3,791 Total 79,728 83,412 NOTE 4 TRANSACTIONS WITH RELATED PARTIES Related companies primarily refer to companies owned by ViaCon’s ultimate parent company. No transactions having a material impact on the Group’s position or earnings occurred between ViaCon and its related parties during the period. Transactions between Group companies and with other related parties have taken place on normal business terms and at market prices. Intra-group transactions have been eliminated in the consolidated accounts. NOTE 5 ASSET HELD FOR SALE Assets classified as held for sale as of 2026 relate to ViaCon’s property in Rydzyna, Poland. In the comparative period, the line item relate to the property in Lyon, France, which was subse - quently disposed of in 2025. NOTE 3 FINANCIAL INSTRUMENTS Financial liabilities are recognised at amortised cost. Financial liabilities include a senior covered bond with variable interest, maturing on May 4, 2028 to the value of EUR 94,250 thousand. The bond loan relates to an extension of a previously issued loan of EUR 100,000 thousand. In connection with the extension a partial redemption of EUR 5,750 thousand was made. The carrying amount of the bond on June 30, 2026 amounted to EUR 93,441 thousand (99,772) and the fair value was EUR 85,767 thousand (85,000). The carrying amount of other financial instruments is considered to be a reasonable approximation of fair value.
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ViaCon Group | Interim Report | January – June 2026 / 25 Average number of full-time employees (FTE) The total number of hours worked divided by normal annual working hours, expressed as the number of full-time positions. Operating earnings (EBIT) Operating earnings is defined as earnings excluding financial items and tax. The operating earnings reflects the profit that ViaCon generates from its core business. EBIT margin (operating margin) Operating earnings after depreciation and amortisation as a percentage of net sales for the year. EBITA Operating earnings before amortisation and impairment of intangible assets from acquisitions. EBITA margin EBITA as a percentage of net sales for the year. Earnings before depreciation and amortisation (EBITDA) EBITDA is operating result before depreciation and amortisation of tangible and intangible assets. EBITDA margin (EBITDA margin) Earnings before depreciation and amortisation as a percentage of net sales for the year. Equity Recognised equity including non-controlling interests. Liquidity Liquidity consist of cash and cash equivalents, undrawn credit facilities and marketable securities. Net cash/net debt Interest-bearing liabilities less interest-bearing assets, all calculated at year-end. Organic growth Change in core business adjusted for currency effects, investments and divestments. Working capital Current assets less current non-interest-bearing liabilities. Return on capital employed (ROCE) Adjusted EBITA as a percentage of average capital employed calculated on 12 months revolving basis. Capital employed is the sum of net debt plus shareholders’ equity plus shareholder loans. Alternative performance measures (APM) APMs are used by ViaCon for annual and periodic financial reporting to provide a better understanding of the company’s underlying financial performance for the period. Underlying EBITDA is also used by management to drive performance in terms of target setting. These measured are adjusted IFRS measures defined, calculated and used in a consistent and transparent manner over time and across the Group where relevant. Underlying operating earnings (underlying EBIT) Underlying EBIT is defined as EBIT adjusted for material items which are not regarded as part of underlying business performance for the period, such as costs related to acquisitions and divestments, major restructuring costs and closure costs, gains and losses of disposals of businesses and operating assets as well as other major effects of a special nature. Underlying EBITA Underlying EBITA is defined as EBITA adjusted for material items which are not regarded as part of underlying business performance for the period, such as costs related to acquisitions and divestments, major restructuring costs and closure costs, gains and losses of disposals of businesses and operating assets as well as other major effects of a special nature. Underlying earnings before depreciation and amortisation (underlying EBITDA) Underlying EBITDA is defined as EBITDA adjusted for material items which are not regarded as part of underlying business performance for the period, such as costs related to acquisitions and divestments, major restructuring costs and closure costs, gains and losses of disposals of businesses and operating assets as well as other major effects of a special nature. Adjusted net cash/debt Interest-bearing liabilities less interest-bearing assets, less lease liabilities, all calculated at year-end. Operating working capital (OPWC) Operating working capital include directly attributable items together with such items that can be reliably allocated to the respective segment. The items consist of inventories, accounts receivable, and contract assets less prepayment to suppliers, accounts payable, and contract liabilities. DEFINITIONS
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Financial calendar Interim report, January - September 2026 November 19, 2026 Full Year report, January - December 2026 February 24, 2027 The reports can be found on ViaCon’s website at www.viacongroup.com on their date of publication. Contact Stefan Nordström, President and CEO Tel: +46 706 32 13 06, e-mail: stefan.nordstrom@viacongroup.com Philip Delborn, CFO Tel: +46 702 12 52 64, e-mail: philip.delborn@viacongroup.com ViaCon Group AB (publ), Björklundabacken 3, 436 57 Hovås, Sweden, www.viacongroup.com This is information that ViaCon Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 CET on 27 August 2026. .