Interim report
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1 Interim report January–September 2026 Summary of interim period, July–September 2026 • Net sales SEKm 909 (791), an increase of 15% • Recurring revenue SEKm 801 (710), an increase of 13% • EBITA SEKm 272 (235), an increase of 15% • EBITA margin 30% (30) • Operating profit SEKm 205 (176), an increase of 16% • Operating margin 23% (22) • Cash EBIT SEKm 240 (212), an increase of 13% • Cash EBIT margin 26% (27) • Basic earnings per share SEK 3.00 (2.82), an increase of 7% • Cash flow from operating activities SEKm 184 (157). Summary of interim period, January–September 2026 • Net sales SEKm 2,725 (2,409), an increase of 13% • Recurring revenue SEKm 2,367 (2,132), an increase of 11% • EBITA SEKm 787 (691), an increase of 14% • EBITA margin 29% (29) • Operating profit SEKm 584 (506), an increase of 15% • Operating margin 21% (21) • Cash EBIT SEKm 671 (589), an increase of 14% • Cash EBIT margin 25% (24) • Basic earnings per share SEK 8.48 (7 .56), an increase of 12% • Cash flow from operating activities SEKm 1,060 (1,000) • Acquisition of Autonet and Infometric.
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2 COMMENTS FROM THE CEO Stable performance and increased activity Earnings and cash flow in line with expectations The third-quarter results were in line with our expectations, with a stable subscription base and continued earnings growth in absolute terms. Net sales increased by 15 percent to SEK 909 million. We continue to see positive signals from our customers, with more customer dialogues and somewhat higher activity. The overall picture is largely coherent, but it takes time for an improved business climate to be fully reflected in our subscription revenue. Recurring revenue increased by 13 percent to SEK 801 million (710), corresponding to 88 percent (90) of net sales. Subscription-based revenue increased by 11 percent to SEK 692 million (622), of which organic growth amounted to 4.1 percent. Transaction-based revenue increased by 23 percent to SEK 109 million (88). The revenue mix shifted somewhat toward services and other revenue, including project deliveries that incorporate certain hardware components. Services and other revenue increased by a combined 32 percent, primarily due to contributions from the acquired operations Vitec NMG and Vitec Infometric. EBITA increased by 15 percent to SEK 272 million (235), while the EBITA margin increased from 29.7 percent to 29.9 percent. Operating profit increased by 16 percent to SEK 205 million (176), and the operating margin improved to 22.5 percent from 22.3 percent. Cash EBIT increased by 13 percent to SEK 240 million (212), with a margin of 26.4 percent. Cash flow followed the normal seasonal pattern for the third quarter and was also in line with our expectations. Leverage, measured as interest-bearing net debt in relation to EBITDA for the last twelve months, decreased to 2.15x from 2.22x at the end of the previous quarter. The increase compared with 1.67x at the corresponding point last year primarily reflects acquisitions completed during the period. In addition to available cash, we had SEK 1,227.1 million in undrawn credit facilities at the end of the quarter. Our financial position continues to provide capacity to invest in product development and pursue carefully selected acquisitions, while maintaining our focus on cash flow and capital discipline. Cost discipline remains strong. The number of employees was largely unchanged during the quarter, while revenue increased. This demonstrates a gradual improvement in productivity. Our decentralized model enables measures to be implemented close to our customers and based on the specific circumstances of each business unit. In September, we changed the Group Management structure to bring management closer to the operations and provide more direct support to our business units. Our VPOs now report directly to me and are organized into regional clusters, enabling us to make better use of the knowledge and expertise within each region. As part of the change, the COO role was discontinued. At the same time, CFO Peter Lidström assumed expanded responsibility for coordinating Brand & Communication, People & Culture, and IT. I would also like to extend my sincere thanks to Gert Gustafsson, who served as COO until the change, for his significant contributions during nearly ten years at Vitec. After the end of the period, we completed two acquisitions, one of which was an add-on acquisition. At the same time, the flow of new acquisition opportunities has increased noticeably. This is positive, but a higher level of activity does not change our requirements regarding quality, culture, strategic fit, and valuation. Our ambition is not to make the most acquisitions, but to make the right acquisitions: companies that we can own and develop for the long term. As we enter the final quarter of the year, we have a solid foundation for doing so. We believe the value of vertical software is at least as significant as before – and likely greater. The core code is important, but the customer value that is truly difficult to replace is built in the layers around it: deep domain knowledge, business-critical workflows, proprietary data, integrations and partner networks, as well as requirements related to security, regulatory compliance, and traceability. Added to this are the trust and responsibility built through long-standing customer relationships. AI gives us the opportunity both to accelerate and improve the efficiency of development and to create even greater customer value through smarter and more powerful products, while the technology strengthens, rather than replaces, these difficult-to-replicate layers. Our task is therefore to continue creating added value for our customers, operating efficiently, and growing responsibly, both organically and through carefully selected acquisitions. With our strong foundation and collective expertise, we are well equipped to take on that task! Olle Backman CEO and President Vitec Software Group
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3 THIS IS VITEC A leading provider Vitec is a leading provider of Vertical Software, with its origin and headquarters in Umeå, Sweden. We develop and deliver standardized software that supports central functions in society. Our solutions are used in a variety of industries, such as energy, insurance, retail, hotels, religious organizations, and health care. Our products enable us to help improve efficiency for our customers and create societal benefit. The expertise of our employees fuels continuous development and innovation, based on our shared corporate culture and business model. Vitec is listed on Nasdaq Stockholm OMX Large Cap. Vitec consists of 49 business units with operations in thirteen countries and customers in over 50 countries worldwide. The business units are headquartered in Belgium, Denmark, Finland, the Netherlands, Norway, Poland, and Sweden. Vitec has its headquarters and origin in Umeå, Sweden. 4913 business unitscountries 28,000 customers 1,870 employees 85% pro forma recurring revenue 3,706 SEKm, pro forma net sales
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4 Long-term growth Vitec is an industrial acquirer with a long-term outlook. Our growth is fueled by both organic development and acquisitions. With a strong cash flow, we are able to reinvest in our products and carry out strategic acquisitions. Continually developing and refining our products is crucial to ensuring that our offering remains relevant in the future. Recurring revenue Our business model is based on a high proportion of recurring revenue, providing us with stable and predictable cash flows. This creates the conditions for long-term action and makes the Group less sensitive to temporary downturns in individual business units. Leading corporate culture Within the framework of our decentralized organization, the corporate culture plays a central role in the Group’s governance and is crucial to our long-term success. Our values, brand promise and Code of Conduct are the three cornerstones of our corporate culture. Through various forums for the exchange of knowledge, we create opportunities for employees and managers to further strengthen and develop our corporate culture. Sustainable business model Sustainability is an integral part of both our business model and our corporate culture. To structure our work, we have identified four focus areas: Responsible Growth, Enabling Products, Empowered People and Reduced Footprint. These areas are defined based on where and how our business has the greatest impact on the world around us, and where we believe we can make the greatest difference. Values Our products – our foundation Keep it simple Trust and transparency Brand promise To rely on – today and tomorrow Business concept To contribute to the success of our customers by developing and providing standardized and niche business- critical software Mission To be a profitable and sustainable growth company that develops and acquires vertical software companies Read more in our Sustainability Report. Our vision: Shaping a wiser and more sustainable future
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5 Group financial information /uni0053/uni0045/uni004B/uni006D /uni0030 /uni0032/uni0030/uni0030 /uni0034/uni0030/uni0030 /uni0036/uni0030/uni0030 /uni0038/uni0030/uni0030 /uni0031/uni0030/uni0030/uni0030 /uni0051/uni0033/uni002D.case/uni0032/uni0036/uni0051/uni0033/uni002D.case/uni0032/uni0035/uni0051/uni0033/uni002D.case/uni0032/uni0034/uni0051/uni0033/uni002D.case/uni0032/uni0033 Sales by quarter /uni0030 /uni0035/uni0030 /uni0031/uni0030/uni0030 /uni0031/uni0035/uni0030 /uni0032/uni0030/uni0030 /uni0032/uni0035/uni0030 /uni0033/uni0030/uni0030 /uni0033/uni0035/uni0030 /uni0051/uni0033/uni002D.case/uni0032/uni0036/uni0051/uni0033/uni002D.case/uni0032/uni0035/uni0051/uni0033/uni002D.case/uni0032/uni0034/uni0051/uni0033/uni002D.case/uni0032/uni0033 /uni0030 /uni0031/uni0030 /uni0032/uni0030 /uni0033/uni0030 /uni0034/uni0030 %/uni0053/uni0045/uni004B/uni006D EBITA and EBITA margin by quarter /uni0030 /uni0035/uni0030 /uni0031/uni0030/uni0030 /uni0031/uni0035/uni0030 /uni0032/uni0030/uni0030 /uni0032/uni0035/uni0030 /uni0051/uni0033/uni002D.case/uni0032/uni0036/uni0051/uni0033/uni002D.case/uni0032/uni0035/uni0051/uni0033/uni002D.case/uni0032/uni0034/uni0051/uni0033/uni002D.case/uni0032/uni0033 /uni0030 /uni0035 /uni0031/uni0030 /uni0031/uni0035 /uni0032/uni0030 /uni0032/uni0035 /uni0033/uni0030 /uni0025/uni0053/uni0045/uni004B/uni006D Cash EBIT and Cash EBIT margin by quarter Net sales and earnings July–September 2026 | Revenues Net sales for the period totaled SEK 908.8 million (791.5) and included recurring revenue of SEK 800.7 million (709.9), license revenue of SEK 9.2 million (9.6), service revenue of SEK 79.2 million (62.1) and other revenue of SEK 19.6 million (9.9). Recurring revenue consists of subscription- based revenue of SEK 692.4 million (622.1) and transaction- based revenue of SEK 108.3 million (87.7). Comments on revenue Net sales rose a total of 14.8 percent for the period. Subscription-based recurring revenue increased by 11.3 percent, and transaction-based recurring revenue increased by 23.4 percent. Other revenue increased by 97.1 percent. Recurring revenue accounted for 88.1 percent of net sales, compared with 89.7 percent for the corresponding period in 2025. During the year, acquired companies contributed net sales of SEK 46.4 million for the period. The increase in subscription-based revenue is attributable to acquisitions and increased prices and volumes. Organic growth in subscription-based revenue amounts to 4.1 percent. The increase in other revenue is mainly attributable to acquisitions. Starting in the second quarter of 2026, the application of accounting policies related to certain transaction-based revenue was adjusted, with revenue and expenses presented on a net basis, known as agent accounting. As a result, transaction-based recurring revenue, and consequently net sales, are lower than previously presented. Comparative figures have been restated for comparability. July–September 2026 | Outcome EBITA was SEK 271.6 million (235.3), with an EBITA margin of 29.9 percent (29.7). Operating profit was SEK 204.8 million (176.3), with an operating margin of 22.5 percent (22.3). Profit after tax amounted to SEK 118.9 million (112.2). Basic earnings per share totaled SEK 3.00 (2.82). Comments on earnings Cash EBIT is operating profit excluding capitalized development costs, and amortization of intangible assets. Cash EBIT denominated in SEK increased by 13.1 percent, compared with the corresponding quarter in 2025. The net of capitalized work for own account and amortization of intangible assets is SEK −34.7 million, compared with SEK −35.5 million for the corresponding period last year. Acquisition-related costs are included in operating profit and amount to SEK −2.8 million (−0.0). Net financial items total SEK −45.5 million (−31.4). The items consist of net interest income of SEK –35.4 million (–23.1), as well as non-cash remeasurement to fair value of supplementary purchase considerations and commitment to acquire shares of SEK –10.0 million (–8.3). January–September 2026 | Revenue Net sales for the period totaled SEK 2,724.6 million (2,409.3) and included recurring revenue of SEK 2,367.1 million (2,131.7), license revenue of SEK 24.8 million (23.8), service revenue of SEK 263.7 million (223.6) and other revenue of SEK 68.9 million (30.2). Recurring revenue consists of subscription-based revenue of SEK 2,035.9 million (1,848.2) and transaction-based revenue of SEK 331.2 million (283.5). Comments on revenue Net sales rose a total of 13.1 percent for the period. Subscription-based recurring revenue increased by 10.2 percent, and transaction-based recurring revenue increased by 16.8 percent. Other revenue increased by 128.2 percent. Recurring revenue accounted for 86.9 percent of net sales, compared with 88.5 percent for the corresponding period in 2025. During the year, acquired companies contributed net sales of SEK 130.0 million for the period.
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6 /uni0030 /uni0031/uni0030/uni0030 /uni0032/uni0030/uni0030 /uni0033/uni0030/uni0030 /uni0034/uni0030/uni0030 /uni0035/uni0030/uni0030 /uni0036/uni0030/uni0030 /uni0037/uni0030/uni0030 /uni0038/uni0030/uni0030 /uni0051/uni0033/uni002D.case/uni0032/uni0036/uni0051/uni0032/uni002D.case/uni0032/uni0036/uni0051/uni0031/uni002D.case/uni0032/uni0036/uni0051/uni0034/uni002D.case/uni0032/uni0035/uni0051/uni0033/uni002D.case/uni0032/uni0035/uni0051/uni0032/uni002D.case/uni0032/uni0035/uni0051/uni0031/uni002D.case/uni0032/uni0035/uni0051/uni0034/uni002D.case/uni0032/uni0034/uni0051/uni0033/uni002D.case/uni0032/uni0034/uni0051/uni0032/uni002D.case/uni0032/uni0034/uni0051/uni0031/uni002D.case/uni0032/uni0034/uni0051/uni0034/uni002D.case/uni0032/uni0033/uni0051/uni0033/uni002D.case/uni0032/uni0033 /uni0053/uni0045/uni004B/uni006D The increase in subscription-based revenue is attributable to acquisitions and increased prices and volumes. Organic growth in subscription-based revenue amounts to 4.9 percent. The increase in other revenue is mainly attributable to acquisitions. January–September 2026 | Outcome EBITA was SEK 786.8 million (690.9), with an EBITA margin of 28.9 percent (28.7). Operating profit was SEK 583.8 million (505.8), with an operating margin of 21.4 percent (21.0). Subscription-based revenue Transaction-based revenue Allocation of recurring revenue * The percentage change is presented compared with the same period last year. Growth, quarterly reported net sales /uni004E/uni0065/uni0074/uni0020/uni0073/uni0061/uni006C/uni0065/uni0073/uni002C/uni0020/uni0053/uni0045/uni004B/uni006D /uni004F/uni0072/uni0067/uni0061/uni006E/uni0069/uni0063/uni002C/uni0020/uni0025 /uni0043/uni0075/uni0072/uni0072/uni0065/uni006E/uni0063/uni0079/uni002C/uni0020/uni0025 /uni0041/uni0063/uni0071/uni0075/uni0069/uni0072/uni0065/uni0064/uni002C/uni0020/uni0025 /uni0053/uni0045/uni004B/uni006D /uni0030 /uni0031/uni0030/uni0030 /uni0032/uni0030/uni0030 /uni0033/uni0030/uni0030 /uni0034/uni0030/uni0030 /uni0035/uni0030/uni0030 /uni0036/uni0030/uni0030 /uni0037/uni0030/uni0030 /uni0038/uni0030/uni0030 /uni0039/uni0030/uni0030 /uni0031/uni0030/uni0030/uni0030 /uni0051/uni0033/uni0020/uni0032/uni0030/uni0032/uni0036/uni0051/uni0033/uni0020/uni0032/uni0030/uni0032/uni0035/uni0051/uni0033/uni0020/uni0032/uni0030/uni0032/uni0034/uni0051/uni0033/uni0020/uni0032/uni0030/uni0032/uni0033/uni0051/uni0033/uni0020/uni0032/uni0030/uni0032/uni0032 /uni0038/uni0025 505 /uni0035/uni0025 /uni0031/uni0035/uni0025 /uni0035/uni0025/uni0020 /uni002D.case/uni0033/uni0025 /uni0038/uni0025 /uni0033/uni0025 /uni002D.case/uni0032/uni0025 /uni0031/uni0031/uni0025 /uni0034/uni0025 /uni0031/uni0025 /uni0031/uni0030/uni0025 646 709 792 909 The graph shows our growth in sales organically and through acquisitions by quarter over the past four years, as well as currency effects. Growth is presented compared with the same quarter last year. Net sales, SEKm Organic growth, % Currency effects, % Acquired growth, % Profit after tax amounted to SEK 335.7 million (300.2). Basic earnings per share totaled SEK 8.48 (7.56). Comments on earnings Cash EBIT is operating profit excluding capitalized development costs, and amortization of intangible assets. Cash EBIT increased by 14.1 percent, compared with the corresponding period in 2025. The net of capitalized work for own account and amortization of intangible assets is SEK −87.5 million, compared with SEK −82.8 million for the corresponding period last year. Acquisition-related costs are included in operating profit and amount to SEK −11.2 million (−2.9). Net financial items total SEK −133.3 million (−114.0). The items consist of net interest of SEK −98.7 million (−76.2), non-cash remeasurement at fair value of supplementary purchase consideration and commitments to purchase shares of SEK −29.9 million (−34.2), and non-current securities of SEK −4.4 million (−3.6). Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Subscription-based revenue, SEKm 481 490 503 520 528 609 613 613 622 682 663 681 692 Total growth in subscription-based revenue, %* 27 19 14 13 10 24 22 18 18 12 8 11 11 of which organic growth, % * 12 12 9 8 7 10 6 6 6 8 6 4 4 of which acquired growth, %* 10 5 6 4 5 14 16 16 14 7 5 6 6 of which currency effects, %* 5 2 –0 0 –3 –0 –1 –4 –2 –4 –3 0 1 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Transaction-based revenue, SEKm 78 80 79 120 90 90 96 100 88 84 102 120 108 Total growth in transaction-based revenue, %* 94 102 35 38 15 13 22 –17 –2 –7 7 21 23 of which organic growth, % * 14 21 4 25 5 –1 15 –21 –2 –4 7 15 15 of which acquired growth, %* 76 81 32 12 13 14 8 7 1 0 3 5 6 of which currency effects, %* 4 –0 –1 1 –3 0 –1 –3 –2 –3 –3 1 2 2023 2024 2025 2026
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7 2026 Jul-Sep 2025 Jul-Sep Change 2026 Jan–Sep 2025 Jan–Sep Change 2026 R12 Sep 2025 Jan–Dec Change Net sales, SEKm 909 791 15% 2,725 2,409 13% 3,642 3,327 9% Recurring share of net sales, % 88% 90% 87% 88% 86% 87% EBITA, SEKm 272 235 15% 787 691 14% 1,055 959 10% EBITA margin, % 30% 30% 29% 29% 29% 29% Cash EBIT 240 212 13% 671 589 14% 899 816 10% Cash EBIT margin, % 26% 27% 25% 24% 25% 25% Operating profit/loss, SEKm 205 176 16% 584 506 15% 790 712 11% Operating margin, % 23% 22% 21% 21% 22% 21% Net profit/loss for the period, SEKm 119 112 6% 336 300 12% 471 435 8% Earnings per share, SEK 3.00 2.82 7% 8.48 7.56 12% 11.88 10.96 8% Net sales and earnings Pro forma revenue and growth We calculate pro forma revenue as revenue for the past 12 months, plus revenue from acquired companies for the corre- sponding period prior to acquisition. Recurring revenue, calculated on a rolling 12-month basis including revenue from acquired entities, amounted to SEK 3,169 million. Compared with the same period last year, rev- enue increased by 5 percent. Adjusted for currency effects, growth is 7 percent. We divide our recurring revenue into subscription-based recurring revenue and transaction-based recurring revenue. Organic growth of our subscription-based recurring revenue is 5 percent; organic growth of transaction-based recurring revenue is 8 percent. Net sales calculated on a rolling 12-month basis, including sales from acquired units, amount to SEK 3,706 million. Com- pared with the same period last year, net sales increased by 3 percent. Adjusted for currency effects, growth is 5 percent. Pro forma revenue and growth SEKm 2026 R12 Sep 2025 R12 Sep Growth Currency-ad- justed growth Reported subscription-based recurring revenue 2,718 2,457 Effect of acquired units 30 165 Pro forma subscription-based recurring revenue 2,748 2,622 5% 6% Reported transaction-based recurring revenue 415 373 Effect of acquired units 6 17 Pro forma transaction-based recurring revenue 421 390 8% 9% Reported recurring revenue 3,133 2,830 Effect of acquired units 36 182 Pro forma recurring revenue 3,169 3,012 5% 7% Reported net sales 3,642 3,266 Effect of acquired units 64 324 Pro forma net sales 3,706 3,590 3% 5%
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8 Sales by business unit and customer segment Vitec is an agile and decentralized organization, in which every business unit is responsible for its own market and customers. This enables decision-making close to the customer, often in collaboration with them, and with the involvement of employees with in-depth industry expertise and long-term customer relationships. Operating across multiple niche markets and countries, we have good distribution of revenue in terms of both geography and area of operation. Although we operate in various niche markets, we still engage in essentially the same business: we develop and deliver standardized software. Some are complete enterprise systems, while others provide support for specific aspects of our customers’ operations. As we continue to acquire profitable vertical software companies, we expect risk diversification to continue moving in a positive direction. 92% 8% Obs! Nedanstående är 2 diagram uppe på varann /uni0052/uni0065/uni006D/uni0061/uni0069/uni006E/uni0069/uni006E/uni0067/uni0020/uni0062/uni0075/uni0073/uni0069/uni006E/uni0065/uni0073/uni0073/uni0020/uni0075/uni006E/uni0069/uni0074/uni0073 /uni004C/uni0061/uni0072/uni0067/uni0065/uni0073/uni0074/uni0020/uni0062/uni0075/uni0073/uni0069/uni006E/uni0065/uni0073/uni0073/uni0020/uni0075/uni006E/uni0069/uni0074 93% 7% /uni0052/uni0065/uni006D/uni0061/uni0069/uni006E/uni0069/uni006E/uni0067/uni0020/uni0063/uni0075/uni0073/uni0074/uni006F/uni006D/uni0065/uni0072/uni0073 /uni0031/uni0030/uni0020/uni006C/uni0061/uni0072/uni0067/uni0065/uni0073/uni0074/uni0020/uni0063/uni0075/uni0073/uni0074/uni006F/uni006D/uni0065/uni0072/uni0073 USA Other parts of the world Sweden Finland Other parts of Europe Denmark The Netherlands 25% 19% 15% 14% 12% 10% 4% 1% Norway Vitec worldwide Vitec has operations in 13 countries and customers in over 50 countries worldwide. We consider Belgium, Denmark, Finland, the Netherlands, Norway, Poland, and Sweden to be home markets, as our business units have their headquarters there. Sales by market R12 September 2026 Breakdown of sales Our sales are evenly distributed across our 49 business units. No individual business unit accounts for more than 8 percent of consolidated sales. Breakdown of sales among our business units R12 September 2026 Customers We have about 28,000 customers. The Group’s ten largest software customers account for approximately 7 percent of sales. The single largest software customer accounts for approximately 1.0 percent of sales. Breakdown of sales among our customers R12 September 2026
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9 Sustainability in the business model Summary of sustainability targets At Vitec, sustainability is a fundamental factor for our success. Our approach is grounded in environmental, social, and economic considerations. Vitec's products generate positive societal impacts and mitigate risks, while promoting responsible business practices that enable our employees' expertise and creativity to flourish. Vitec embraces an entrepreneurial approach to sustainability. Our driving force is to meet the needs of today without compromising the opportunities of future generations. In addition to internal guidelines, efforts are guided by the Paris Agreement, the UN Declaration on Human Rights, the European Green Deal, the UN's Agenda 2030, and the Sustainable Development Goals. Our employees contribute to these goals every day. Sustainability is integral to the business model and part of our entire value chain, from the development and use of our products to the way we run and do business. Alongside the efforts of management and the Board, sustainability initiatives are implemented within the business units. A sustainability mindset is to be embedded across all employees, present in all matters and in decision-making in the Group. In its vision, Vitec has expressed this as: “Shaping a wiser and more sustainable future.” Outcome (metric tons of CO₂eq /SEKm) Climate impact adjusted for sales. Below is a summary of sustainability targets. They are described in greater detail in the 2025 Annual Report. Climate impact Vitec takes a long-term, systematic approach to reduce its climate impact throughout the value chain. Our climate efforts are based on the goal of continuously reducing emissions in relation to business growth. Vitec’s total climate impact in 2025 amounts to 1,646 metric tons CO₂eq (1,449). Vitec is a decentralized organization that grows through acquisitions. To enable monitoring of climate impact over time, emissions are measured in relation to sales. Climate impact in relation to inflation-adjusted sales has decreased by 36 percent since 2019 but increased slightly compared with the previous year. In 2025, Vitec celebrated its 40th anniversary, including inviting all employees to a conference in Stockholm. This resulted in a one-time effect of higher travel-related climate impact for the year. For a software production company like Vitec, the main climate impact comes from business travel, energy consumption from premises and data centers, and the purchase of IT equipment, consumables, and food for the offices. /uni0030/uni002C/uni0030 /uni0030/uni002C/uni0032 /uni0030/uni002C/uni0034 /uni0030/uni002C/uni0036 /uni0030/uni002C/uni0038 /uni0031/uni002C/uni0030 /uni0032/uni0030/uni0031/uni0039 /uni0032/uni0030/uni0032/uni0030 /uni0032/uni0030/uni0032/uni0031 /uni0032/uni0030/uni0032/uni0032 /uni0032/uni0030/uni0032/uni0033 /uni0032/uni0030/uni0032/uni0034 /uni0032/uni0030/uni0032/uni0035 /uni0054/uni006F/uni006E/uni0020/uni0043/uni004F /uni0032 /uni0065/uni002F/uni0069/uni006E/uni0066/uni006C/uni0061/uni0074/uni0069/uni006F/uni006E/uni0073/uni006A/uni0075/uni0073/uni0074/uni0065/uni0072/uni0061/uni0064/uni0020/uni006F/uni006D/uni0073/uni00E4/uni0074/uni0074/uni006E/uni0069/uni006E/uni0067/uni0020/uni0028.case/uni004D/uni0053/uni0045/uni004B/uni0029.case Sustainability key performance indicators (KPIs) Targets Base year 2019 Outcome 2024 Outcome 2025 Target 2030 Unit GHG emissions/sales Continuously decreasing emissions/sales 0.99 0.63 0.63 Decreasing metric tons CO₂e/sales SEKm Greenhouse gas emissions from business trips Reduce emissions from business trips by 50 percent from 2019 to 2030 1.10 0.47 0.58 0.55 metric tons CO₂e/employee Fossil-free energy in electricity contracts 100% fossil-free electricity contracts by 2025 94% 98% 97% 100% % Electricity consumption office/employee Continuously decreasing electricity consumption/employee 2,112 1,353 1,213 Decreasing kWh/employee Gender distribution Equal gender distribution among all employees (40/60) N/A 32% 30% 40-60% % Information security – training 100% of all employees complete online information security training N/A 93% 94% 100% % Metric tons CO2e/inflation adjusted sales (SEKm)
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10 Focus areas and annual process StrategiesDecisions on initiatives that the Group will prioritize Reduced footprint Empowered people Enabling products Responsible growth • Implement tools to improve climate impact analysis at both the Group and business unit levels. • Identify improvement opportunities and support the business units in implementing them. • Continued leadership development • Continued development of Vitec Academy • Investments in cybersecurity to remain reliable • Efficient and innovative product development to stay competitive (including tomorrow) • Implement system support to monitor and guide progress toward Vitec’s sustainability goals Employees who grow with the business Environmental and climate impact permeate all decisions Products that make a difference in society Local presence with international experience • Our business model, our shared brand, and our focus on long-term profitable growth provide stability • Our decentralized model for how we work, control, monitor, and manage risks in our business. • The brand promise “To rely on – today and tomorrow,” our values, and our Code of Conduct provide valuable guidance • We take a long-term approach to acquisitions • Helping our customers succeed with their ambitions • Close collaboration and innovation • Significant product investments • Our success depends on motivated, committed and competent employees • Short decision paths, freedom with responsibility, and continuous skills development that enable people to reach their full potential. • Diversity, teamwork, and a healthy work environment • Product development aligned with the SDGs • Climate-efficient premises • Eco-friendly meetings and events • Results, data from the previous year • Input from stakeholder dialogues • External factors – what is happening? • Double materiality assessment – does anything in the policy need to change? • Targets and key performance indicators are reviewed Annual process Initiatives 2026 Environmental GovernanceSocial
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11 Vitec Fastighet Property management industry in Sweden. SE 1985 285 84% Vitec Energy Electricity traders and owners of electricity and district heating grids globally. SE 1998 63 91% Vitec Capitex Finanssystem Banking and finance industry in Sweden, Norway and Finland. SE 2010 27 95% Vitec Mäklarsystem Real estate agents in Sweden. SE 2010 109 99% Vitec Megler Real estate agents in Norway. NO 2012 183 97% Vitec Acute Healthcare companies in Finland FI 2013 108 91% Vitec Aloc Banking and finance industry in the Nordic countries and western Europe. DK 2014 128 96% Vitec Autosystemer Automotive, transportation, and machinery industry in Norway. NO 2015 55 92% Vitec Datamann Car dealers and auto repair shops in Denmark. DK 2015 75 78% Vitec Forsikring Insurance companies in Denmark, Norway, and Sweden. NO 2015 39 79% Vitec Futursoft Automotive industry and machinery sector in Finland and Sweden. FI 2016 150 93% Vitec Plania Property and facility management in Denmark and Norway. NO 2016 54 79% Vitec Tietomitta Waste and resource processing industry in Finland. FI 2016 97 93% Vitec MV Education sector in Denmark, Norway, and Sweden. DK 2017 40 94% Vitec Agrando Religious organizations in Norway. NO 2018 47 91% Vitec Cito Pharmacy market in Denmark. DK 2018 57 74% Vitec Samfundssystem Religious organizations and preschools in Sweden. SE 2018 50 89% Vitec Visitor Systems Municipal culture and recreation administration offices, and visitor facilities in Norway and Sweden. SE 2018 55 91% Vitec Avoine Associations and organizations in Finland. FI 2019 48 88% Vitec Fixit Hair and beauty salons in Norway. NO 2019 69 97% Vitec HK data Health and welfare sector in Norway. NO 2019 25 93% Vitec Katrina Religious organizations in Finland. FI 2019 38 89% Vitec Alma Process industry and energy companies in Finland. FI 2020 53 69% Vitec Appva Healthcare and social services sector in Sweden. SE 2020 65 98% Vitec Visiolink Media companies in Europe. DK 2020 59 80% Vitec Nordman Food and grocery retail industry in Sweden SE 2021 21 93% Vitec Pyramid ERP Retail trade and manufacturing industry in Sweden. SE 2021 117 90% Vitec Travelize Travel agencies mainly in Denmark, Norway, and Sweden. SE 2021 23 93% Vitec Vabi Property industry in the Netherlands. NL 2021 112 97% ABS Laundry Business Solutions The global laundry and textile rental industry. NL 2022 224 60% Vitec DocuBizz Automotive industry in northern Europe and the US. DK 2022 45 90% Vitec Hotelinx Hotels and tourism in Finland. FI 2022 25 82% Vitec Raisoft Healthcare and social services company in Finland, Canada, Switzerland and Singapore. FI 2022 105 87% Vitec Scanrate Bond market in Denmark. DK 2022 67 96% Enova Greenhouse, industry, and players in renewable energy in the Netherlands, Belgium, and the UK. NL 2023 114 100% Vitec Codea Emergency service activities in Finland. FI 2023 10 78% Vitec Memorix Archives, digital heritage, and collections in the Benelux region. NL 2023 39 90% Vitec Neagen Healthcare sector in Finland. FI 2023 50 81% Olyslager Global lubricant industry. NL 2024 176 99% Taxiteknik Taxi companies, mainly in Sweden. SE 2024 27 99% Vitec Bidtheatre Media agencies in Sweden and Norway. SE 2024 36 89% Vitec Figlo The banking and finance industry in the Netherlands. NL 2024 58 92% Vitec LDC Skills development and career transition sector in the Netherlands. NL 2024 26 99% Vitec Roidu Healthcare sector in Finland. FI 2024 32 88% Vitec Trinergy Property industry in Belgium. BE 2024 56 98% Vitec Intergrip Education sector in the Netherlands. NL 2025 28 96% Vitec NMG Energy and industrial sectors in Poland. PL 2025 148 39% Vitec Autonet Automotive dismantling sector in the Netherlands and Belgium. NL 2026 53 98% Vitec Infometric Property management industry in Sweden. SE 2026 141 45% Our business units Business unit Target group Year of acquisition Sales R12 September, SEKm, not currency adjusted Percentage of recurring revenue Registered office
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12 Balance sheets and cash flow Liquidity and financial position The Group’s cash and cash equivalents at the end of the period totaled SEK 549.5 million (267.1). In addition to these cash and cash equivalents, there was an overdraft facility of SEK 125.0 million and SEK 1,227.1 million in unused portion of the credit facility totaling SEK 3,000 million. The terms and conditions of the company’s credit agreement contain restrictions, known as covenants. The Group has fulfilled the terms and conditions in their entirety during the period. At September 30, 2026, interest-bearing liabilities totaled SEK 3,555.1 million (2,372.0). Non-current interest-bearing liabilities comprised bank loans of SEK 1,772.9 million, bond loans of SEK 1,700 million, convertible debentures of SEK 29.9 million, and other liabilities institutions of SEK 21.6 million. Current interest-bearing liabilities comprised liabilities to credit institutions of SEK 12.0 million and convertible debentures of SEK 18.7 million. We define interest-bearing net debt as non-current and current liabilities to credit institutions, bond loans, and convertible debentures, less cash and cash equivalents. Interest-bearing net debt amounts to SEK 3,005.7 million (2,104.9). The total supplementary contingent consideration as well as commitments to acquire shares amounted as of September 30 to SEK 643.8 million, including a non-current portion of SEK 410.6 million and a current portion of SEK 233.2 million. Interest-bearing net debt, including liabilities for supplementary purchase considerations and commitments to acquire shares amounts to SEK 3,649.5 million (2,759.1). The convertible loans refer to convertible debentures subscribed for in conjunction with acquisitions. The maximum potential dilution from these convertible loans amounts to 0.2% of capital and 0.1 percent of votes. Cash flow and investments Vitec has a loan agreement regarding a revolving credit facility provided by Nordea and SEB amounting to SEK 3 billion. The facility runs until February 2029, with the option for a 1+1 year extension. To further diversify Vitec's sources of financing and maturity profile, Vitec also has an MTN program with a framework amount of SEK 5 billion to enable financing via the bond market. In 2025, Vitec issued senior unsecured bonds of SEK 1 billion with a maturity of four years, and on February 11 this year, additional senior unsecured bonds of SEK 700 million with a maturity of four years were issued under the existing MTN program. During the year, apart from the bond loan, SEK 2,350.2 million was drawn under the credit facility, while SEK 2,461.7 million was repaid. In addition, amortization of right-of-use assets during the year amounted to SEK 62.3 million, and repayment of convertible loans amounted to SEK 32.8 million. Cash flow from operating activities was SEK 1,059.9 million (999.6). Investments totaled SEK 342.3 million in capitalized work, SEK 2.0 million in other intangible assets and SEK 13.4 million in property, plant and equipment. Investments in right-of-use assets not affecting cash flow totaled SEK 104.7 million. As a result of acquisitions, SEK 977.6 million was invested in product rights, brands, customer agreements, and goodwill. The fourth and final payment of the dividend for financial year 2024 was made on March 30, 2026, when SEK 35.6 million was paid. The first payment of the dividend for financial year 2025 was made on June 30, when SEK 36.4 million was paid. The second payment was made on September 30, when SEK 36.4 million was paid. Shareholders’ equity Equity attributable to Vitec’s shareholders totaled SEK 5,351.5 million (4844.2). The equity/assets ratio is 46 percent (50). On April 28, 2026, the Annual General Meeting resolved to pay a dividend of SEK 3.68 per share, totaling a maximum of SEK 156.3 million. The dividend will be divided up and paid on four payment dates: June 30, September 30, December 30 and March 31, 2027. Vitec offers long-term employee share savings plans to all employees. Provided that the employee has made a personal investment in shares in the company (savings shares), the employee is allocated matching share rights. If the employee remains with the company for two additional years after the investment period, the employee will receive matching shares. The plans for senior executives also include performance requirements tied to growth in earnings per share. The cost of the matching share rights in 2026 was SEK 34.9 million and was included in personnel expenses. SEK 30.4 million was allocated to equity, and SEK 4.5 million to a liability for social security contributions. During 2026, 100,000 class B shares were also repurchased from the market. These shares will be used as matching shares. The purchase amount of SEK 26.0 million has been recognized in equity. The ESSP 2023 plan ended in the third quarter, and participants received 27,481 matching shares. At September 30, the total number of treasury shares was 283,551. Taxes Current tax for the period amounted to SEK –116.1 million (–127.5). Deferred tax totaled SEK 1.9 million (29.8). Adjustment of tax relating to previous years amounts to SEK –0.6 million (6.0). Profit before tax is SEK 450.5 million (391.8). Non-deductible expenses and non-taxable revenue amount to SEK 52.2 million (43.1), which results in a taxable profit totaling SEK 502.8 million (435.0). Tax expense for the period corresponds to an average tax rate of 22.7 percent (22.5).
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13 Growth by acquisition SEKm 1 5 5 5 5 6 7 2 2 4 Number of acquisitions 0 50 100 150 200 250 300 350 400 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Acquisitions during the period Two acquisitions were completed in 2026: Autonet B.V. and Infometric AB. From the acquisition date through September 30, the acquired companies have contributed SEK 130.0 million in sales and SEK 37.0 million in EBITA. If consolidation had occurred at the beginning of the year, the companies would have provided the Group with an additional SEK 17.8 million in sales and SEK 1.5 million in EBITA. The acquisition- related expenses attributable to the acquisitions are recognized in operating profit and amount to SEK 8.0 million. Operating profit also includes SEK 3.2 million in acquisition- related costs for previous acquisitions and acquisitions that were not completed. Goodwill items are deemed to be attributable to anticipated profitability, and complementary expertise requirements, as well as expected synergies, in the form of the joint development of our products. The acquisitions added SEK 42.0 million in product rights, SEK 18.9 million in brands, SEK 191.1 million in customer agreements, and SEK 721.9 million in goodwill. Expensed portions of contingent considerations as well as the commitment to acquire shares amount in total to a discounted value of SEK 215.0 million and are subject to gross margin improvements and EBIT improvements over the next several years. Contingent considerations are valued at discounted value of maximum outcome. The portion of the purchase consideration that is not contingent and has been recognized as a liability amounts to SEK 19.7 million. Investments co-ownership Our subsidiary Malmkroppen AB aims to invest in Nordic software companies that are in an earlier phase than the software companies that are usually acquired. Sale of Tempus Information Systems AB All shares in Tempus Information Systems AB were sold during the quarter. The sale resulted in a gain of SEK 0.4 million. Acquired annual sales 2023 and 2024 were restated to reflect Enova’s and BidTheatre’s revenue under agent accounting before they were acquired by Vitec.
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14 Significant events after the period Vitec makes a bolt-on acquisition of software company ZMartek Oy Vitec Software Group AB (publ) strengthened its position in Vertical Market Software on October 2 by acquiring all shares in Finnish software company ZMartek Oy through its subsidiary Vitec Tietomitta Oy. ZMartek Oy had sales of SEK 4 million in the 2025 financial year. Software company ZMartek Oy develops and provides an enterprise resource planning system for the recycling industry. Its Reccu solution is used by customers in waste-to-energy and landfill operations to manage load handling, weighing, transportation, pricing, and billing throughout Finland. Payment will be in cash. The acquisition is expected to yield an immediate increase in earnings per share for Vitec. Consolidation begins on the acquisition date. Vitec acquires software company AtermIT Vitec Software Group AB (publ) strengthened its position in Vertical Market Software on October 6 by acquiring all shares in the Dutch software company AtermIT Holding B.V. and its subsidiaries. AtermIT had pro forma revenue of EUR 3.2 million for the 2025 financial year. AtermIT develops and provides Atermes, a comprehensive software platform for maternal and postpartum care in the Netherlands, where all mothers are offered postpartum care at home. The company recently strengthened its offering for obstetricians and midwives through its acquisition of Vrumun and now covers all phases of maternal care: pregnancy, childbirth, and postpartum care. Payment will be in cash. The acquisition is expected to yield an immediate increase in earnings per share for Vitec. Consolidation begins on the acquisition date. At the time of this report’s publication, there were no financial statements available that could serve as the basis of a more detailed description of the acquisitions. For this reason, no information is presented about the fair value of acquired assets, as well as acquired assets and liabilities. We expect the future items of a detailed acquisition plan to comprise product rights, customer agreements, brands and goodwill. Goodwill is deemed to be attributable to anticipated profitability, and complementary expertise requirements, as well as expected synergies, in the form of the joint development of our products.
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15 Accounting and measurement policies This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting. The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU, and the Swedish Annual Accounts Act. The Parent Company’s accounts were prepared in accordance with the Annual Accounts Act and recommendation RFR 2 Accounting for Legal Entities. No new or amended standards entered into force as of 2026 that are expected to affect the Group’s accounts. Vitec Software Group continues to apply the same accounting policies and valuation methods as described in the most recent Annual Report, with the exception of an adjusted application of an existing accounting policy related to revenue. See more information to the right under the section “ Agent and principal accounting.” Disclosures in accordance with IAS 34.16A appear in the financial statements and related notes, as well as in other parts of the interim report. Operating segments Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker of the Company. In the Vitec Group, the CEO and President has been identified as chief executive decision- maker who evaluates the Group's financial position and performance and makes decisions on resource allocation. The operating segments form the operational structure for internal governance, follow-ups, and reporting. The CEO analyzes and monitors the sales and earnings of the operation based on the total consolidated operations. The assessment is thus that the Group's operations consist of one segment. Incentive program There are long-term employee share savings plans available to all staff. If the conditions are met, participants receive matching shares. The value of the matching shares is recognized as share-based remuneration. Employee payments occur over one year and the total program duration is three years. The expense is distributed over the entire duration of the program. Financial instruments Classification and measurement Financial instruments are recognized initially at cost corresponding to the instrument’s fair value plus transaction costs. A financial instrument is classified at initial recognition based on, among other factors, the purpose for which the instrument was acquired. Vitec has financial instruments under the categories loans and accounts receivable, financial assets at fair value, financial liabilities at fair value, and financial liabilities at amortized cost. Financial assets and liabilities measured at fair value via profit or loss In accordance with IFRS 13, the fair value of each financial asset and financial liability must be disclosed, regardless of whether they are recognized in the balance sheet. Vitec deems the fair value of the financial assets/liabilities to be close to the recognized carrying amount. All of the company’s financial instruments that are subject to measurement at fair value are classified as level 3 and pertain to non-current securities, as well as contingent considerations in conjunction with acquisitions and commitment to acquire shares. Non-current securities are measured at fair value through profit or loss. Purchases and sales of non-current unlisted securities are recognized when a binding agreement to buy or sell is reached. Significant amounts of contingent considerations are measured at fair value through profit or loss. Changes in value are recognized as financial items in profit or loss. Financial liabilities related to commitments to acquire shares are measured at fair value through equity. Agent and principal accounting During the second quarter, the Group adjusted the application of accounting policies related to agent and principal accounting. Vitec has identified two subsidiaries that, in their transaction-based recurring revenue streams, act as agents, which means that the revenue and expenses must be reported on a net basis. The change was implemented in the second quarter of 2026, and comparative figures have been restated as of the first quarter of 2023, when the first of the two companies was acquired. The adjustment affects net sales and purchases of goods and services, while the Group’s profit in SEK terms, cash flow, financial position, and earnings per share remain unchanged. See conversion tables at vitecsoftware.com for further information. Parent Company Sales totaled SEK 167.1 million (156.0) and essentially comprised invoicing to subsidiaries for services rendered. Profit after tax amounted to SEK –66.6 million (39.4). The items “other operating income” and “other operating expenses” mainly comprise unrealized foreign exchange gains and losses. The net of these items amounts to SEK – 35.1 million (93.7). The Parent Company is generally exposed to the same risks and uncertainties as the Group; refer to the below section, “Risks and uncertainties.”
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16 Auditor’s review report Risks and uncertainties Material risks and uncertainties are described in the administration report of the 2025 Annual Report under “Risks and uncertainties” on pages 72–75, in Note 1, under the section “Critical estimates and judgements” on pages 137–138, and in Note 15 “Financial risks and capital risk management” on pages 159–161. Vitec conducts ongoing external monitoring and analyzes any potential risks and uncertainties. No material changes have occurred in the risk assessment since the annual report was prepared. Related-party transactions The Group has ongoing incentive programs for employees and senior executives. More information about them can be found on pages 12 and 15 in this report. Otherwise no significant transactions with related parties occurred in the Group or Parent Company during the period. Signature The interim report for Vitec Software Group (publ) has been submitted following approval by the Board of Directors. Umeå, October 23, 2026 Olle Backman CEO and President, Vitec Software Group Introduction We have conducted a review of the condensed interim financial information (interim report) of Vitec Software Group AB (publ), Corporate ID number 556258–4804, at September 30, 2026, and for the nine-month period then ended. The Board of Directors and the Managing Director are responsible for preparing and presenting this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim financial information based on our review. Scope and focus of the review We have conducted our review in accordance with the Standard on Review Engagements ISRE 2410 , Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review has a different focus and a substantially more limited scope compared with the focus and scope of an audit conducted in accordance with the International Standards on Auditing and other generally accepted auditing practices. The procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all significant circumstances that might be identified in an audit. Therefore, the conclusion expressed on the basis of a review does not provide the same level of assurance as a conclusion expressed on the basis of an audit. Conclusions Based on our review, nothing has come to our attention that causes us to believe that the interim report has not, in all material aspects, been compiled in accordance with IAS 34 Interim reporting and the Swedish Annual Accounts Act, and for the Parent Company in accordance with the Swedish Annual Accounts Act. Malmö, October 23, 2026 Deloitte AB Richard Peters Authorized Public Accountant
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17 SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Recurring revenue 800,747 709,884 2,367,138 2,131,662 3,133,328 2,897,852 License revenue 9,193 9,584 24,797 23,805 35,685 34,693 Service revenue 79,212 62,073 263,737 223,588 386,306 346,156 Other 19,627 9,958 68,907 30,200 86,881 48,174 Net sales 908,779 791,499 2,724,579 2,409,254 3,642,199 3,326,875 Other operating revenue – - 19,486 24,217 185,119 189,850 TOTAL REVENUE 908,779 791,499 2,744,064 2,433,471 3,827,318 3,516,725 Capitalized work for own account 110,826 94,716 342,287 305,967 456,020 419,700 Cost of goods and services sold –102,274 –84,445 –311,654 –260,049 –402,078 –350,473 Other external expenses –104,948 –89,508 –325,327 –284,000 –446,699 –405,373 Personnel expenses –436,724 –380,874 –1,339,513 –1,204,416 –1,791,265 –1,656,169 Depreciation/amortization and impairment of - property, plant and equipment –26,235 –24,713 –77,275 –72,101 –103,023 –97,849 - intangible assets –145,504 –130,209 –449,327 –412,992 –749,896 –713,561 Other operating expenses 912 –171 571 –54 –341 –966 OPERATING PROFIT/LOSS 204,832 176,295 583,827 505,825 790,037 712,034 Financial income 2,402 1,198 5,752 3,482 13,150 10,880 Financial expenses –47,872 –32,562 –139,034 –117,481 –180,656 –159,103 PROFIT AFTER FINANCIAL ITEMS 159,362 144,931 450,545 391,826 622,531 563,811 Tax –40,417 –32,777 –114,872 –91,662 –151,657 –128,447 NET PROFIT FOR THE PERIOD 118,945 112,154 335,674 300,164 470,874 435,364 Profit for the period attributable to: Parent Company shareholders 118,945 112,154 335,674 300,164 470,874 435,364 Share information Basic earnings per share (SEK) 3.00 2.82 8.48 7.56 11.88 10.96 Diluted earnings per share (SEK) 3.00 2.82 8.48 7.56 11.88 10.96 Weighted average number of shares 39,579,259 39,729,259 39,602,395 39,724,945 39,624,508 39,716,169 Number of diluted shares 39,710,522 39,860,522 39,732,107 39,856,208 39,755,771 40,061,631 Consolidated statement of profit/loss
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18 SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec PROFIT FOR THE YEAR 118,945 112,154 335,674 300,164 470,874 435,364 OTHER COMPREHENSIVE INCOME Items that may be restated in profit or loss Restatement of net investments in foreign operations 168,106 –34,147 359,556 –304,732 216,256 –448,032 Net investment hedges for foreign operations –17,151 8,679 –41,566 106,973 –18,640 129,899 Deferred tax on net investment hedges for foreign operations 3,533 –1,787 8,563 –22,036 3,839 –26,759 TOTAL OTHER COMPREHENSIVE INCOME/LOSS 154,488 –27,255 326,553 –219,795 201,455 –344,892 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 273,433 84,899 662,227 80,369 672,329 90,472 Total comprehensive income attributable to: – Parent Company shareholders 273,433 84,899 662,227 80,369 672,329 90,472 Consolidated statement of comprehensive income
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19 Consolidated statement of financial position SEKk Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 ASSETS Non-current assets Goodwill 6,243,729 5,182,499 5,261,117 Other intangible assets 3,851,372 3,423,169 3,539,911 Property, plant and equipment 92,846 72,325 94,092 Right-of-use assets 192,393 140,615 138,974 Financial assets 72,415 77,430 78,799 Deferred tax assets 16,382 11,081 14,844 Total non-current assets 10,469,137 8,907,119 9,127,737 Current assets Inventories 11,773 3,470 3,671 Accounts receivable 346,838 309,637 508,648 Current tax assets 63,644 66,430 49,900 Other receivables 9,351 13,819 11,148 Prepaid expenses and accrued income 215,988 128,220 154,969 Cash and cash equivalents 549,457 267,125 416,506 Total current assets 1,197,051 788,701 1,144,842 TOTAL ASSETS 11,666,188 9,695,820 10,272,579 SEKk Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 SHAREHOLDERS’ EQUITY AND LIABILITIES Shareholders’ equity Share capital 3,989 3,988 3,989 Other capital contributions 3,225,220 3,245,388 3,234,968 Reserves 216,390 16,908 –110,162 Retained earnings including profit of the year 1,905,862 1,577,947 1,715,128 Equity attributable to Parent Company shareholders 5,351,461 4,844,231 4,843,923 Non-current liabilities Provisions for pensions and similar obligations 9,901 5,452 7,419 Convertible debentures 29,931 77,927 43,650 Liabilities to credit institutions 3,494,479 2,291,034 2,672,307 Lease liabilities, non-current portion 117,339 86,955 87,432 Other non-current liabilities 585,287 361,274 402,795 Deferred tax liabilities 778,899 718,102 719,110 Total non-current liabilities 5,015,836 3,540,744 3,932,713 Current liabilities Convertible debentures 18,710 2,954 36,931 Liabilities to credit institutions 12,017 119 155,462 Accounts payable 77,324 67,836 75,922 Tax liabilities 100,515 89,981 87,105 Lease liabilities, current portion 64,284 42,045 42,745 Other liabilities 278,400 495,952 491,151 Prepaid recurring revenue 391,939 341,186 351,437 Accrued expenses and other prepaid income 355,702 270,772 255,190 Total current liabilities 1,298,891 1,310,845 1,495,943 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 11,666,188 9,695,820 10,272,579
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20 Condensed consolidated statement of changes in equity SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec EQUITY ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS Opening balance 5,070,835 4,753,795 4,843,923 4,907,752 4,907,752 Debenture conversion - - - 15,876 15,875 Long-term incentive program 4,290 5,537 24,944 20,333 27,821 Remeasurement of acquisition commitments - - –8,678 - - Repurchase of treasury shares - - –26,016 –29,803 –47,709 Dividend resolved by the Annual General Meeting - - –156,344 –150,296 –150,288 Reversal of provision for dividend - - 11,405 - - Total comprehensive income 273,433 84,899 662,227 80,369 90,472 CLOSING BALANCE 5,351,461 4,844,231 5,351,461 4,844,231 4,843,923
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21 Consolidated statement of cash flows SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec OPERATING ACTIVITIES Operating profit 204,833 176,295 583,827 505,825 790,036 712,034 Adjustments for non-cash items Other operating revenue - - –19,486 –24,217 –185,119 –189,850 Gain on sale of shares – 373 - – 373 - – 373 - Depreciation, amortization and impairment 171,739 154,922 526,602 485,093 852,919 811,410 Unrealized foreign exchange gains/losses –911 171 –571 54 341 966 375,288 331,388 1,089,999 966,755 1,457,804 1,334,560 Interest received 2,402 1,198 5,752 3,482 6,948 4,678 Interest paid –35,723 –22,289 –98,933 –71,707 –126,754 –99,528 Income tax paid –41,882 –37,842 –139,496 –110,403 –174,590 –145,497 CASH FLOW FROM OPERATING ACTIVITIES BEFORE CHANGES IN WORKING CAPITAL 300,085 272,455 857,322 788,127 1,163,408 1,094,213 Changes in working capital Increase/decrease in inventories 376 67 –1,138 83 –1,246 –25 Increase/decrease in accounts receivable –14,770 –14,678 219,764 158,098 38,902 –22,764 Increase/decrease in other operating receivables 16,926 25,588 –70,775 –3,019 –64,221 3,535 Increase/decrease in accounts payable –9,469 –3,950 –9,120 –4,745 –3,790 585 Increase/decrease in other operating liabilities –109,122 –122,842 63,857 61,054 37,551 34,748 CASH FLOW FROM OPERATING ACTIVITIES 184,026 156,640 1,059,910 999,598 1,170,604 1,110,292 INVESTING ACTIVITIES Acquisition of shares and participations - - –808 –2,000 –11,202 –12,394 Acquisition of subsidiaries (net impact on liquidity) - - –675,888 –109,642 –934,056 –367,810 Sales of shares and participations 4,593 2,140 4,593 2,140 4,593 2,140 Paid supplementary purchase consideration and commitment to acquire shares - –3,000 –303,945 –311,632 –341,667 –349,354 Purchase of intangible assets and capitalized development costs –112,192 –98,126 –344,283 –314,540 –458,678 –428,935 Purchase of property, plant and equipment –2,975 –7,364 –13,352 –21,222 –19,329 –27,199 CASH FLOW FROM INVESTING ACTIVITIES –110,574 –106,350 –1,333,683 –756,896 –1,760,339 –1,183,552
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22 SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec FINANCING ACTIVITIES Dividends to Parent Company shareholders –36,438 –35,756 –108,472 –101,314 –144,192 –137,034 Borrowings 1,050,000 - 3,050,151 2,410,326 4,130,151 3,490,326 Repayment of loans –1,118,225 –25,445 –2,494,475 –2,431,371 –3,024,475 –2,961,371 Repayment of lease liabilities –21,217 –19,677 –62,254 –57,539 –82,062 –77,347 Acquisition of treasury shares - - –26,016 –29,803 –43,922 –47,709 CASH FLOW FROM FINANCING ACTIVITIES –125,880 –80,878 358,934 –209,701 835,500 266,865 CASH FLOW FOR THE PERIOD –52,430 –30,588 85,161 33,001 245,765 193,605 OPENING CASH AND CASH EQUIVALENTS, INCLUDING CURRENT INVESTMENTS 582,451 301,757 416,506 243,551 267,125 243,551 Exchange-rate differences in cash and cash equivalents 19,436 –4,044 47,790 –9,427 36,567 –20,650 CASH AND CASH EQUIVALENTS INCLUDING CURRENT INVESTMENTS AT THE END OF THE PERIOD 549,457 267,125 549,457 267,125 549,457 416,506 Consolidated statement of cash flows, continued
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23 Statement of profit/loss, Parent Company SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec OPERATING INCOME: Net sales 57,757 52,056 167,067 155,972 224,239 213,144 Other operating revenue 304,438 85,690 1,175,322 664,437 1,403,564 892,679 OPERATING EXPENSES: Other external expenses –22,328 –19,707 –63,264 –54,809 –104,815 –96,360 Personnel expenses –37,607 –27,738 –103,406 –91,124 –141,792 –129,510 Other operating expenses –318,900 –79,188 –1,210,402 –570,775 –1,401,589 –761,962 Depreciation/amortization –674 –696 –2,033 –1,935 –2,724 –2,626 OPERATING PROFIT/LOSS –17,314 10,417 –36,716 101,766 –23,117 115,365 PROFIT FROM FINANCIAL ITEMS: Income from participation in Group companies - - 17,627 5,400 131,266 119,039 Interest income and similar profit items 18,240 15,654 53,726 17,637 87,631 51,542 Interest expenses and similar loss items –44,651 –29,710 –122,352 –76,420 –173,008 –127,076 NET FINANCIAL ITEMS –26,411 –14,056 –50,999 –53,383 45,889 43,505 PROFIT AFTER FINANCIAL ITEMS: –43,725 –3,639 –87,715 48,383 22,772 158,870 Appropriations - - - - 194,586 194,586 PROFIT/LOSS BEFORE TAX –43,725 –3,639 –87,715 48,383 217,358 353,456 Tax 8,992 –2,960 21,078 –8,967 –17,282 –47,327 PROFIT FOR THE YEAR –34,733 –6,599 –66,637 39,416 200,076 306,129
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24 Statement of comprehensive income, Parent Company SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec PROFIT FOR THE YEAR –34,733 –6,599 –66,637 39,416 200,076 306,129 OTHER COMPREHENSIVE INCOME Interest rate swap derivatives –1,571 –4,964 69 –4,964 1,496 –3,537 TOTAL OTHER COMPREHENSIVE INCOME/LOSS –1,571 –4,964 69 –4,964 1,496 –3,537 TOTAL COMPREHENSIVE INCOME FOR THE YEAR –36,304 –11,563 –66,568 34,452 201,572 302,592
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25 Condensed balance sheet, Parent Company SEKk Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 ASSETS NON-CURRENT ASSETS Intangible assets 2,609 3,829 3,517 Property, plant and equipment 14,239 15,577 15,221 Financial assets 8,528,230 7,498,339 9,491,584 TOTAL NON-CURRENT ASSETS 8,545,078 7,517,745 9,510,322 CURRENT ASSETS Current receivables 2,128,259 1,920,202 535,476 Cash and cash equivalents 155,869 - 77,417 Total current assets 2,284,128 1,920,202 612,893 TOTAL ASSETS 10,829,206 9,437,947 1010,123,215 SHAREHOLDERS’ EQUITY AND LIABILITIES Shareholders’ equity 4,708,422 4,693,751 4,942,512 Untaxed reserves 2,927 1,961 2,927 Other provisions 624 640 655 Non-current liabilities 4,039,044 2,763,740 3,140,745 Current liabilities 2,078,189 1,977,855 2,036,376 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 10,829,206 9,437,947 10,123,215
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26 Disclosures to the consolidated statement of profit/loss SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Operating profit 204,832 176,295 583,827 505,825 790,037 712,034 Acquisition-related amortization 63,895 59,014 191,849 182,196 250,812 241,159 Acquisition-related costs 2,833 - 11,157 2,923 14,009 5,775 EBITA 271,560 235,309 786,833 690,944 1,054,857 958,968 EBITA Acquisition-related amortization is included as part of amortization and impairment of intangible assets in the statement of profit or loss. Acquisition-related costs are included as part of other external expenses in the statement of profit or loss. Cash EBIT SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Operating profit 204,832 176,295 583,827 505,825 790,037 712,034 Capitalized work for own account –110,826 –94,716 –342,287 –305,967 –456,020 –419,700 Amortization of intangible assets 81,609 71,195 237,993 206,579 313,966 282,552 Acquisition-related amortization 63,895 59,014 191,849 182,196 250,812 241,159 Cash EBIT 239,509 211,789 671,382 588,633 898,794 816,045 Cash EBIT
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27 Disclosures to the consolidated statement of profit/loss Allocation of revenue and date of revenue recognition Allocation of revenue and date of revenue recognition, SEKm 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Subscription-based recurring revenue 692.5 622.1 2,035.9 1,848.2 2,718.2 2,530.5 Transaction-based recurring revenue 108.3 87.8 331.2 283.5 415.1 367.4 Other revenue 108.0 81.6 357.4 277.6 508.9 429.0 Net sales 908.8 791.5 2,724.6 2,409.3 3,642.2 3,326.9 Date of revenue recognition, SEKm Services transferred to customers over time, flat distribution 692.5 622.1 2,035.9 1,848.2 2,718.2 2,530.5 Services transferred to customers over time, in pace with use 187.5 149.8 594.9 507.1 801.3 713.5 Services transferred to customers at a given time 28.8 19.5 93.7 54.0 122.8 82.9 Net sales 908.8 791.5 2,724.6 2,409.3 3,642.2 3,326.9 SEKk 2026 Jul-Sep 2025 Jul-Sep 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Amortization of intangible assets 81,609 71,195 237,993 206,579 313,966 282,552 Impairment of intangible assets - - 19,485 24,217 185,118 189,850 Acquisition-related amortization 63,895 59,014 191,849 182,196 250,812 241,159 Total 145,504 130,209 449,327 412,992 749,896 713,561 Breakdown of amortization and impairment of intangible assets
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28 Recurring measurements at fair value, at September 30, 2026, SEKk Level 1 Level 2 Level 3 Carrying amount Non-current securities 39,401 39,401 Total assets 39,401 39,401 Supplementary contingent considerations as well as commitment to acquire shares, due within 1 year –233,220 –233,220 Supplementary contingent considerations as well as commitment to acquire shares, due in more than 1 years, but within 3 years –266,092 –266,092 Supplementary contingent considerations as well as commitment to acquire shares, due in more than 3 years, but within 5 years –144,533 –144,533 Total liabilities –643,845 –643,845 Opening balance – closing balance: Analysis carrying amounts as of September 30, 2026, SEKk Opening balance 1/1/2026 New acqui- sitions fair value Payments Remeasure- ment * Reclassifica- tion Change in preliminary acquisition plan Effect of discounting through profit or loss Foreign exchange difference Closing balance, 9/30/2026 Non-current securities 67,979 808 - –4,409 –24,977 - - - 39,401 Total 67,979 808 - –4,409 –24,977 - - - 39,401 Supplementary contingent considerations and commitment to acquire shares –681,144 –214,963 303,945 19,485 - –20,739 –29,857 –20,572 –643,845 Total –681,144 –214,963 303,945 19,485 - –20,739 –29,857 –20,572 –643,845 Disclosures to consolidated statement of financial position Financial instruments — tables * The remeasurement is included in the Consolidated statement of profit/loss as income in the form of Reversal of supplementary purchase consideration and as an expense in the form of Impairment of intangible assets. The revaluation has no effect on the Group’s earnings.
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29 Acquired assets and lia- bilities 2026 Two acquisitions were completed through the third quarter: Autonet B.V. and Infometric AB. Some items in the acquisition plans may be remeasured, due to our brief ownership of the companies. This applies to all assets and liabilities in the acquisition balances, but mainly brands, product rights, customer agreements and goodwill. For this reason, the acquisition plans remain preliminary until remeasurement has been carried out, no later than 12 months after the acquisition date. During the period, remeasurements were made that affected the items goodwill, intangible assets, deferred tax liabilities, and the liability portion of the purchase considerations in the table below. Acquired assets and liabilities, acquisitions for the year, SEKk Carrying amount Fair value adjustment Fair value recognized in the Group Goodwill - 721,900 721,900 Intangible assets 3,709 251,980 255,689 Property, plant and equipment 629 - 629 Inventories 6,964 - 6,964 Current receivables 61,581 - 61,581 Cash and cash equivalents 34,506 - 34,506 Deferred tax liabilities - –57,286 –57,286 Accounts payable –10,521 - –10,521 Other current liabilities –68,379 - –68,379 Total 28,489 916,594 945,083 Effect of acquisitions on cash flow, SEKk Group’s cost –945,083 Expensed portion of purchase considerations 234,688 Acquired cash and cash equivalents 34,506 Net cash outflow –675,888 Remeasurement of acquisition plans, SEKk Opening balance 1/1/2026 Remeasure- ment Closing balance 9/30/2026 Goodwill 386,569 38,455 425,024 Intangible assets 71,576 –23,214 48,362 Deferred tax liabilities –18,467 5,989 –12,478 Other net assets - - - Total 439,678 21,230 460,908 Effect of remeasurement on cash flow for the year, SEKk Group’s cost –21,230 Expensed portion of purchase considerations - Convertible debentures - Acquired cash and cash equivalents - Cash flow for the year –21,230 Acquired assets and liabilities, remeasurements of previous years’ acquisitions within 12 months At the beginning of the period, the acquisition plans for acquisitions in 2025 were preliminary. Final measurement was carried out during the period for Intergrip B.V and the opening measurement for NMG S.A. was remeasured.
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30 Definitions of performance indicators This interim report refers to several financial measurements that are not defined under IFRS, known as alternative performance measures, in accordance with ESMA ’s guidelines. These measurements provide senior management and investors with significant information for analyzing trends in the Group’s business operations. Alternative performance measures are not always comparable with measurements used by other companies. They are intended to complement, not replace, financial measurements presented in accordance with IFRS. The key indicators presented on the last page of this report are defined as follows: NON-IFRS KEY INDICATORS DEFINITION USAGE Recurring revenue Recurring contractual revenue with no direct relationship between our work efforts and the contracted price. The contractual amount is usually billed in advance and revenue is recognized over the contract term. A key performance indicator for the management of operational activities. Subscription-based recurring revenue Contractual recurring revenue for all types of subscriptions and cloud services. Revenue is evenly distributed over the contract period. Used to track the Group’s recurring revenue. Transaction-based recurring revenue Recurring contractual transaction-based revenue. Transaction-based revenue includes items such as SMS services, electronic invoicing, weather data, and balancing services for the electricity market, and is strongly linked to volume. Transaction-based revenue is directly linked to specific costs, and the margins for these transactions are typically lower than those for subscription-based recurring revenue. Used to track the Group’s recurring revenue. Percentage of recurring revenue Recurring revenue in relation to net sales. A key performance indicator for the management of operational activities. Growth Trend in the Group's net sales in relation to the corresponding year-earlier period. Used to monitor the Group’s sales trend. Growth in recurring revenue Trend in recurring revenue in relation to the corresponding year-earlier period. Used to monitor the Group’s sales trend. Organic growth, annually and quarterly reported net sales Trend in the Group's net sales in relation to the previous year, excluding acquired and divested units, and currency effects. Used to monitor the Group’s sales trend. Pro forma net sales, rolling 12 months Net sales the past four quarters with addition of sales from acquired units for the time prior to the acquisition date. Used to monitor the Group’s sales trend. Pro forma recurring revenue, rolling 12 months Recurring revenue for the past four quarters, plus recurring revenue from acquired units for the period prior to the acquisition date. Used to monitor the Group’s sales trend. Gross profit The Group’s sales less the cost of goods purchased for resale and subcontractors and subscriptions. Used to monitor the Group’s dependence on external direct costs. Gross margin Gross profit in relation to net sales. Used to monitor the Group’s dependence on external direct costs. EBITA Net profit/loss for the period before acquisition-related costs, acquisition-related amortization, net financial items, and tax. Indicates the Group’s net profit/loss for the period before acquisition- related costs and acquisition-related depreciation/amortization. EBITDA Earnings for the period before net financial items, tax, depreciation/amortization, and other operating income. Indicates the company’s operating profit/loss before depreciation/ amortization. Cash EBIT Operating profit adjusted for acquisition-related amortization, amortization of intangible assets, and capitalized development costs. Used to follow the Group’s cash-generating operating profit. Free cash flow Cash flow from operating activities less acquisitions of intangible assets and capitalized work, acquisitions of property, plant and equipment, and amortization of lease liabilities. Used to monitor the Group’s trend in cash flow. Cash conversion Free cash flow in relation to operating profit. Used to monitor the Group’s trend in cash flow. Acquisition-related costs Costs such as broker fees, legal fees, and stamp tax (tax on single property purchases). Used to disclose items affecting comparability. Acquisition-related amortization Amortization regarding product rights and customer agreements. Used to disclose items affecting comparability. EBITA margin Operating profit before acquisition-related amortization and acquisition-related costs in relation to net sales. Used to monitor the Group’s earnings trend. Operating margin Operating profit in relation to net sales. Used to monitor the Group’s earnings trend.
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31 NON-IFRS KEY INDICATORS DEFINITION USAGE Profit margin Profit after tax for the period, in relation to net sales. Used to monitor the Group’s earnings trend. Equity/assets ratio Shareholders' equity, including equity attributable to non-controlling interests, as a percentage of total assets. This measurement is an indicator of the Group’s financial stability. Equity/assets ratio after full conversion Shareholders’ equity and convertible debentures as a percentage of total assets. This measurement is an indicator of the Group’s financial stability. Interest-bearing liabilities Non-current and current portions of liabilities to credit institutions, bond loans, and convertible debentures. Used to calculate the interest-bearing net debt. Interest-bearing net debt Non-current interest-bearing liabilities and the current portion of interest-bearing liabilities, less cash and cash equivalents. This measurement is an indicator of the Group’s financial stability. Debt/equity ratio Average debt in relation to average shareholders’ equity and non-controlling interests. This measurement is an indicator of the Group’s financial stability. Average shareholders’ equity The average between shareholders’ equity for the period attributable to Parent Company shareholders and shareholders’ equity for the preceding period attributable to Parent Company shareholders. An underlying measurement on which the calculation of other key performance indicators is based. Capital employed Total assets less interest-free liabilities and deferred tax. An underlying measurement on which the calculation of other key performance indicators is based. Return on capital employed Profit after net financial items plus interest expenses, as a percentage of average capital employed. Capital employed is defined as total assets less interest-free liabilities and deferred tax. This measurement is an indicator of the company’s profitability in relation to externally financed capital and shareholders’ equity. Return on equity Reported profit/loss after tax in relation to average equity attributable to Parent Company shareholders. This measurement is an indicator of the Group’s profitability and gauges the return on shareholders’ equity. Sales per employee Net sales in relation to the average number of employees. This metric is used to assess the Group’s efficiency. Added value per employee Operating profit/loss plus depreciation/amortization and personnel expenses in relation to average number of employees. This metric is used to assess the Group’s efficiency. Personnel expenses per employee Personnel expenses in relation to average number of employees. A key indicator used to measure operational efficiency. Average no. of employees The average number of employees in the Group during the period. An underlying measurement on which the calculation of other key performance indicators is based. AES (Adjusted equity per share) Shareholders’ equity attributable to Parent Company shareholders, in relation to the number of shares issued at the balance-sheet date. This measurement indicates the equity per share at the balance-sheet date. Cash flow per share Cash flow from operating activities before changes in working capital, in relation to the average number of shares. Used to monitor the Group’s trend in cash flow per share. Number of diluted shares Average number of shares during the period plus the number of shares added following full conversion of convertibles and warrants. An underlying measurement on which the calculation of other key performance indicators is based. IFRS KEY INDICATORS DEFINITION USAGE Earnings per share Profit after tax attributable to Parent Company shareholders, in relation to the average number of shares during the period. IFRS key indicators Diluted earnings per share Profit after tax attributable to Parent Company shareholders, plus interest expenses relating to convertible debentures, divided by the weighted average number of diluted shares outstanding, with the exception of when diluted earnings per share exceeds basic earnings per share. IFRS key indicators
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32 Key indicators 2026 Jan–Sep 2025 Jan–Sep 2026 R12 Sep 2025 Jan–Dec Net sales (SEKk) 2,724,579 2,409,254 3,642,200 3,326,875 Recurring revenue (SEKk) 2,367,138 2,131,661 3,133,329 2,897,852 Recurring share of net sales (%) 87% 88% 86% 87% Growth net sales (%) 13% 13% N/A 11% EBITA (SEKk) 786,833 690,944 1,054,858 958,968 EBITA margin (%) 29% 29% 29% 29% Growth EBITA (%) 14% –6% N/A –4% Cash EBIT (SEKk) 671,382 588,633 898,794 816,045 Cash EBIT - margin (%) 25% 24% 25% 25% Operating profit (EBIT) (SEKk) 583,827 505,825 790,036 712,034 Operating margin (%) 21% 21% 22% 21% Profit after financial items (SEKk) 450,545 391,826 622,530 563,811 Profit after tax (SEKk) 335,674 300,164 470,874 435,364 Profit margin (%) 12% 12% 13% 13% Balance-sheet total (SEKk) 11,666,188 9,695,820 11,666,188 10,272,579 Equity/assets ratio (%) 46% 50% 46% 47% Equity/assets ratio after full conversion (%) 46% 51% 46% 48% Interest-bearing net debt (SEKk) 3,005,680 2,104,910 3,005,680 2,491,844 Debt/equity ratio (multiple) 1.10 0.96 1.10 1.09 Return on capital employed (%) 10% 9% 10% 9% Return on equity (%) 9% 8% 9% 9% Sales per employee (SEKk) 1,471 1,445 1,991 1,971 Added value per employee (SEKk) 1,312 1,302 1,776 1,771 Personnel expenses per employee (SEKk) 723 723 979 981 Average no. of employees (persons) 1,852 1,667 1,829 1,688 Adjusted equity per share (AES) (SEK) 134.15 121.44 134.15 121.43 Earnings per share (SEK) 8.48 7.56 11.88 10.96 Diluted earnings per share (SEK) 8.48 7.56 11.88 10.96 Resolved dividend per share (SEK) 3.68 3.60 3.68 3.60 Cash flow per share (SEK) 21.65 19.84 29.36 27.55 Basis of computation: Earnings from calculation of earnings per share (SEKk) 335,674 300,164 470,874 435,364 Cash flow from calculation of cash flow per share (SEKk) 857,322 788,127 1,163,408 1,094,213 Weighted average number of shares (weighted average) (thousands) 39,602 39,725 39,625 39,716 Number of diluted shares (thousands) 39,732 39,856 39,756 40,062 Number of shares issued at balance-sheet date (thousands) 39,890 39,890 39,890 39,890 Share price at close of the respective period (SEK) 277.80 331.40 277.80 309.60
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33 /uni0030 /uni0035/uni0030/uni0030 /uni0031/uni0030/uni0030/uni0030 /uni0031/uni0035/uni0030/uni0030 /uni0032/uni0030/uni0030/uni0030 /uni0032/uni0035/uni0030/uni0030 /uni0033/uni0030/uni0030/uni0030 /uni0033/uni0035/uni0030/uni0030 /uni0034/uni0030/uni0030/uni0030 /uni0052/uni0031/uni0032/uni0032/uni0030/uni0032/uni0035/uni0032/uni0030/uni0032/uni0034/uni0032/uni0030/uni0032/uni0033/uni0032/uni0030/uni0032/uni0032/uni0032/uni0030/uni0032/uni0031/uni0032/uni0030/uni0032/uni0030/uni0032/uni0030/uni0031/uni0039/uni0032/uni0030/uni0031/uni0038/uni0032/uni0030/uni0031/uni0037/uni0032/uni0030/uni0031/uni0036 /uni0053/uni0045/uni004B/uni006DSales %/uni0053/uni0045/uni004B/uni006D /uni0030 /uni0032/uni0030/uni0030 /uni0034/uni0030/uni0030 /uni0036/uni0030/uni0030 /uni0038/uni0030/uni0030 /uni0031/uni0030/uni0030/uni0030 /uni0031/uni0032/uni0030/uni0030 /uni0052/uni0031/uni0032/uni0032/uni0030/uni0032/uni0035/uni0032/uni0030/uni0032/uni0034/uni0032/uni0030/uni0032/uni0033/uni0032/uni0030/uni0032/uni0032/uni0032/uni0030/uni0032/uni0031/uni0032/uni0030/uni0032/uni0030/uni0032/uni0030/uni0031/uni0039/uni0032/uni0030/uni0031/uni0038/uni0032/uni0030/uni0031/uni0037/uni0032/uni0030/uni0031/uni0036 /uni0030 /uni0035 /uni0031/uni0030 /uni0031/uni0035 /uni0032/uni0030 /uni0032/uni0035 /uni0033/uni0030 /uni0033/uni0035 EBITA and EBITA margin Diagrams, annually reported Organic growth, annually reported net sales %/uni0053/uni0045/uni004B/uni006D /uni0030 /uni0031/uni0030/uni0030 /uni0032/uni0030/uni0030 /uni0033/uni0030/uni0030 /uni0034/uni0030/uni0030 /uni0035/uni0030/uni0030 /uni0036/uni0030/uni0030 /uni0037/uni0030/uni0030 /uni0038/uni0030/uni0030 /uni0039/uni0030/uni0030 /uni0052/uni0031/uni0032/uni0032/uni0030/uni0032/uni0035/uni0032/uni0030/uni0032/uni0034/uni0032/uni0030/uni0032/uni0033/uni0032/uni0030/uni0032/uni0032/uni0032/uni0030/uni0032/uni0031/uni0032/uni0030/uni0032/uni0030/uni0032/uni0030/uni0031/uni0039/uni0032/uni0030/uni0031/uni0038/uni0032/uni0030/uni0031/uni0037/uni0032/uni0030/uni0031/uni0036 /uni0030 /uni0035 /uni0031/uni0030 /uni0031/uni0035 /uni0032/uni0030 /uni0032/uni0035 /uni0033/uni0030 Cash EBIT and Cash EBIT margin /uni004E/uni0065/uni0074/uni0020/uni0073/uni0061/uni006C/uni0065/uni0073/uni002C/uni0020/uni0053/uni0045/uni004B/uni006D /uni004F/uni0072/uni0067/uni0061/uni006E/uni0069/uni0063/uni002C/uni0020/uni0025 /uni0043/uni0075/uni0072/uni0072/uni0065/uni006E/uni0063/uni0079/uni002C/uni0020/uni0025 /uni0041/uni0063/uni0071/uni0075/uni0069/uni0072/uni0065/uni0064/uni002C/uni0020/uni0025 /uni0053/uni0045/uni004B/uni006D /uni0030 /uni0035/uni0030/uni0030 /uni0031/uni0030/uni0030/uni0030 /uni0031/uni0035/uni0030/uni0030 /uni0032/uni0030/uni0030/uni0030 /uni0032/uni0035/uni0030/uni0030 /uni0033/uni0030/uni0030/uni0030 /uni0033/uni0035/uni0030/uni0030 /uni0032/uni0030/uni0032/uni0035/uni0032/uni0030/uni0032/uni0034/uni0032/uni0030/uni0032/uni0033/uni0032/uni0030/uni0032/uni0032/uni0032/uni0030/uni0032/uni0031/uni0032/uni0030/uni0032/uni0030 /uni0037/uni0020 /uni0025 /uni002D.case/uni0032 /uni0020 /uni0025 /uni0031/uni0035 /uni0020 /uni0025 /uni0036/uni0020 /uni0025 /uni0033/uni0020 /uni0025 /uni0031/uni0037/uni0020 /uni0025 /uni0038/uni0020 /uni0025 /uni0034/uni0020 /uni0025 /uni0032/uni0030/uni0020 /uni0025 /uni0037/uni0020 /uni0025 /uni002D.case/uni0031/uni0020 /uni0025 /uni0039/uni0020 /uni0025 1 313 1 571 1 978 2 607 2 995 3 327 /uni0032/uni0020 /uni0025 /uni002D.case/uni0033 /uni0020 /uni0025 /uni0031/uni0031/uni0020 /uni0025 Organic growth, annual reporting The graph shows how our net sales have grown organically and through acquisitions over the past five years, along with the currency effects we experienced. Free cash flow and cash conversion /uni0032/uni0030/uni0031/uni0036/uni0032/uni0030/uni0031/uni0037/uni0032/uni0030/uni0031/uni0038/uni0032/uni0030/uni0031/uni0039/uni0032/uni0030/uni0032/uni0030/uni0032/uni0030/uni0032/uni0031/uni0032/uni0030/uni0032/uni0032/uni0032/uni0030/uni0032/uni0033/uni0032/uni0030/uni0032/uni0034/uni0032/uni0030/uni0032/uni0035 /uni0053/uni0045/uni004B/uni006D /uni0025 /uni0030 /uni0031/uni0030/uni0030 /uni0032/uni0030/uni0030 /uni0033/uni0030/uni0030 /uni0034/uni0030/uni0030 /uni0035/uni0030/uni0030 /uni0036/uni0030/uni0030 /uni0037/uni0030/uni0030 /uni0030 /uni0032/uni0030 /uni0034/uni0030 /uni0036/uni0030 /uni0038/uni0030 /uni0031/uni0030/uni0030 /uni0052/uni0031/uni0032
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34 Financial calendar Year-end report, January–December 2026 Feb 10, 2027 8:00 a.m. (CET) Interim report January– March 2027 Apr 22, 2027 8:00 a.m. (CEST) 2027 Annual General Meeting Apr 27, 2027 5:30 p.m. (CEST) Interim report January– June 2027 Jul 14, 2027 8:00 a.m. (CEST) Interim report January– September 2027 Oct 21, 2027 8:00 a.m. (CEST) Year-end report, January–December 2027 Feb 10, 2028 8:00 a.m. (CEST) Shareholder information Olle Backman CEO and President +46 70 632 89 93 olle.backman@ vitecsoftware.com Peter Lidström CFO +46 70 656 58 72 peter.lidstrom@ vitecsoftware.com Patrik Fransson Head of Investor Relations +46 76 942 85 97 patrik.fransson@ vitecsoftware.com Publication This information is such information that Vitec Software Group AB (publ.) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 8:00 a.m. (CET) on October 23, 2026. This English version of the report is a translation of the original Swedish version; in the event of variances, the Swedish version shall take precedence over the English translation. Contact persons Financial information Our website, vitecsoftware.com, is our primary channel for IR information, where we publish financial information immediately upon release. We can also be contacted via: By post: Vitec Software Group, Investor Relations, Götgatan 8C, 903 27 Umeå By telephone: +46 90 15 49 00 Vitec’s 2025 annual report is available at vitecsoftware.com Corporate registration number Vitec Software Group AB (publ), corp. reg. no. 556258-4804