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VNV Global AB (publ) Financial Report for the Third Quarter and the First Nine Months 2026

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02 Financial Report for the Third Quarter and the First Nine Months 2026 The Company will hold a telephone conference with an interactive presentation at 14:00 CET (09:00 a.m. EDT) Tuesday, October 27, 2026. To register for the conference call and webcast, see separate press release issued Tuesday, October 20, 2026, at www.vnv.global. Net asset value (NAV) and financial results for the nine-month period 2026 The VNV Global AB (publ) (“VNV Global” or the “Company”) group’s net asset value was USD 439.08 million (mln) on September 30, 2026 (December 31, 2025: 546.66), corresponding to USD 3.43 per share (December 31, 2025: 4.25). Given a SEK/USD exchange rate of 9.9701 the NAV was SEK 4,377.66 mln (December 31, 2025: 5,029.97) and SEK 34.20 per share (December 31, 2025: 39.11), respectively. The Group’s NAV per share in USD decreased by -19% and in SEK by -13% during the period. Net result for the period was USD -106.67 mln (January 1, 2025–September 30, 2025: 8.26), primarily as a result of negative revaluations of BlaBlaCar and Voi. Earnings per share were USD -0.83 (0.06). The Company has repurchased 593,048 common shares. Financial results for the third quarter 2026 Net result for the quarter was USD -21.57 mln (-8.48), primarily driven by changes in peer multiples and foreign exchange movements. During the quarter, the NAV per share in USD decreased by -5%, and in SEK by -2%. Earnings per share during the quarter were USD -0.17 (-0.06). Key events during the quarter July 1, 2026–September 30, 2026 On September 7, 2026, VNV Global announced that the Company’s Board had resolved, by virtue of authori - zation by the AGM on May 12, 2026, to repurchase the Company’s own common shares. The AGM authorized the Board to repurchase up to 10% of the Company’s shares until the next AGM. On September 16, 2026, VNV Global held its Capital Markets Day in Stockholm, featuring pre - sentations from VNV Global and representatives of several portfolio companies, including BlaBlaCar, Voi, HousingAnywhere, Bokadirekt, Collectiv Food, and Baly. On September 29, 2026, VNV Global announced that the Company’s portfolio company Voi had secured a EUR 150 mln revolving credit facility and will redeem its outstanding bonds. Key events after the end of the period No significant events after the period. Net asset value SEK 4.38 bn NAV per share SEK 34.20 NAV change, period (in SEK) -13% NAV change, quarter (in SEK) -2%

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03 Financial Report for the Third Quarter and the First Nine Months 2026 Management report This past quarter has seen our two largest holdings, BlaBlaCar and Voi perform especially well. Years in the making with continuous small incremental steps improving the operations overall has underpinned a strong momentum. When left to themselves without any external issue messing about they just power ahead. Both profitable but whilst not yet dividend paying kind of profitability, that type of cash flow is now on the not too distant horizon. This is particularly evident when looking at VNV’s pro rata share of the top 6 portfolio companies’ financials (where BlaBlaCar and Voi are naturally the largest contributors) which have grown topline steadily while improving profitability over the past years. We expect this portfolio to generate around USD 148 mln of net revenue and USD 8.5 mln of adj. EBITDA1 on this basis in 2026 (slightly updated from figures communicated in Q2 as a consequence of excluding BlaBlaCar Daily, more on this below, as well as performance during this quarter). Looking ahead, apart from steadily growing profit - ability BlaBlaCar and Voi both have some big fish out there to capture. For Voi it is the London e-bike tender and for BlaBlaCar it is emerging market monetization and new product launches. Numan is going through a soft patch due to pricing changes on the overall market. Multiples of its main listed peer American Hims is down some 20%, we’re marking Numan down 26%. We see the market stabilising and recovering and Numan as a company very able to navigate a little choppy water. A little more detail on these holdings below. At VNV we are hard at work in setting up our first regulated fund, one that will focus on our historic core of platform/ecosystem/superapp type of companies in emerging markets. In the regulated fund world everything takes time but we hope to be back to you shortly with the launch of this. We are proud of our emerging market track record over these past 20+ years and feel we can stand tall in any competition in any environment. Part of that is thanks to the network that we have built up, there is a great group of people backing us upon launch. More on this soon… Apart from this fund we are also working on SPVs around existing holdings as well as a few themed funds where we back emerging very niche sector focused investor talent. What else? Yes we have all but completed two exits in NoTraffic (which is held directly as well as indirectly through the NV Funds) and Ovoko, generating some USD 11 mln to the company. In aggregate, these exits are done at a slight premium to our previous Q2 NAV- mark and the proceeds are expected to land on our account during the final quarter of the year. BlaBlaCar BlaBlaCar continues to perform really well, building on the strong momentum we talked about in previous reports this year. The company remains ahead of budget, and the marketplace keeps getting stronger. During the quarter, it agreed to sell BlaBlaCar Daily, its short-distance commuter carpooling business in France, and the deal closed just after the period, on October 1st. Daily was built on a SaaS-type model selling to companies and public authorities, with a dependence on subsidies, and sat outside BlaBlaCar’s core marketplace DNA. The wind-down of the Operated Bus segment, which we wrote about last quarter, is also progressing as planned and will be completed around year end. Bus tickets will of course stay on the platform through the bus marketplace vertical. We exclude revenues from these two segments on a NTM basis in our valuation model, which this quarter is down some 5% primarily driven by lower peer multiples. The above mentioned exits means 2027 will be a year where BlaBlaCar is a pure marketplace business, resulting in gross margins around 90% and a high EBITDA margin potential over time. At our CMD in September, CEO Nicolas Brusson put numbers on this. On a pro forma basis, excluding Operated Bus and Daily, BlaBlaCar expects revenues of around EUR 205–215 mln in 2026, up from EUR 182 mln in 2025. EBITDA is expected at around EUR 40–45 mln, nearly double last year’s EUR 23 mln, for a margin of roughly 20%. Management is aiming for a 40–45% EBITDA margin in the long term. The path there is built on three levers: monetizing high-growth emerging carpool markets such as Brazil, India and Mexico; growing high-margin verticals in existing markets, such as accommodation in Turkey; and keeping strict opex discipline. A simpler, leaner and much more profitable business. We are very excited about this. Voi Voi’s main (you could say only…) competitor, Lime IPO:d in the summer as you all know and is therefore intro- duced as the main constituent in the peer group we use to value Voi. Lime had a very volatile first quarter as a listed company, trading up as much as 70% vs IPO price but closing Q3 back around the listing price rendering a flat-ish valuation of Voi vs our Q2 mark. Since Voi is growing materially faster than Lime (in Q2 2026, Lime grew top-line 24% vs Voi at 47%) we growth-adjust the Lime multiple. We then calibrate the model to put more emphasis on Lime specifically versus the broader mobility peers in the group in order to derive our peer multiple. The pre-discount multiple applied on Voi NTM adj EBITDA has moved from 11.1x in Q2 to 7.9x in this report. Despite an almost 30% lower multiple, our Voi stake is only down 4% this quarter which shows the strong underlying performance of the business, and the leverage from these levels if and when Lime trades up. As we have previously announced, Voi issued its Q3 report on October 22. Q3 revenues were up 53% year over year in the quarter, with continued strong operating leverage evident in the 90% growth in Adjusted EBITDA and the 132% growth in Adjusted EBIT year over year. On a last-twelve-month basis, the company has now done EUR 240.9 mln in net revenue, EUR 54.1 mln in Adjusted EBITDA and EUR 22 mln in Adjusted EBIT. The company also in late September signed a new EUR 150 mln revolving credit facility with Danske Bank, Swedbank and DNB, and on October 19 used it to redeem all of its EUR 90 mln outstanding senior secured bonds. Moving from the Nordic bond market to bank financing gives Voi more flexible and significantly more cost-efficient funding for continued fleet growth, and it truly shows how financially mature the business has become. Numan Numan is navigating a somewhat challenging market. 2026 has been a reset year, as a price-led, promo- tion-heavy weight loss market has driven acquisition costs in the UK. We write down our position in Numan 26% this quarter, driven in part by Hims & Hers multiple being down around 20%. Despite the challenging trading this year, we remain very bullish on the underlying market and believe Numan has an important role to play in it. The UK has the most obese population in western Europe, meaning the UK market represents a very large and tangible opportunity. As one of the few scaled, fully integrated independent players in the UK, we continue to believe Numan is well placed to capture a meaningful share of this demand. Flo After the period, Flo announced a multi-year strategic partnership with Google Health, with Google also making a strategic investment in the company. From early 2027, Flo’s more than 80 million monthly users will be able to connect their Fitbit data to the app, and the two will build women’s health products and AI together. We think it’s a strong validation of what Flo has built over the past decade, and exactly the kind of partner you want next to you as health and wearables come together. Capital Markets Day Lastly, we at VNV hosted our Capital Markets Day on Sep 16th where BlaBlaCar, Voi, HousingAnywhere, Bokadirekt, Collectiv Food and Baly presented. Recordings from the CMD are available on the VNV YouTube channel, feel free to check it out via this link. Per Brilioth Managing Director 1. For Voi, adjusted EBIT has been used since the company owns and depreciates physical assets. VNV pro rata share of top 6 companies Financials /USD mln/ Revenue Adjusted EBITDA1 Excluding BlaBlaCar Operated Bus and Daily financials (pro forma) 2023 72.4 -5.9 2024 83.3 1.6 2025 129.3 4.7 2026E (FY26 estimate) ~148 ~8.5 +27%

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04 Financial Report for the Third Quarter and the First Nine Months 2026 Portfolio structure — Net Asset Value The investment portfolio stated at fair market value as per 9M 2026, is shown below. /Expressed in USD thousands/ Investment portfolio Category Company Fair value, 09/30/2026 Investments/ Disposals Fair value change Fair value change, % Fair value, 12/31/2025 Percentage weight Contributed NAVPS USD, 09/30/2026 Contributed NAVPS USD, 12/31/2025 Ownership Valuation method Mobility BlaBlaCar 114,816 – -49,496 -30% 164,312 25.0% 0.9 1.3 13.8% Revenue multiple Mobility Voi 101,477 – -26,017 -20% 127,493 22.1% 0.8 1.0 20.8% EBITDA multiple Marketplace HousingAnywhere 38,605 2,666 -1,281 -3% 37,220 8.4% 0.3 0.3 26.2% Latest transaction Marketplace Breadfast 30,222 – – – 30,222 6.6% 0.2 0.2 6.8% Latest transaction Digital Health Numan 26,839 – -10,811 -29% 37,650 5.8% 0.2 0.3 13.5% Revenue multiple Marketplace Bokadirekt 23,651 – -3,358 -12% 27,009 5.2% 0.2 0.2 15.6% Revenue multiple Other NV Fund 1 & 2 1 15,724 83 -885 -5% 16,527 3.4% 0.1 0.1 – Net asset value Equity investments valued under USD 10 mln 2 84,231 -3,401 -6,676 -7% 94,308 18.3% 0.7 0.7 Convertible debt valued under USD 10 mln 3 1,472 -867 -116 -7% 2,455 0.3% 0.0 0.0 Liquidity management 8,660 9,182 -811 289 1.9% 0.1 0.0 Investment portfolio 445,697 7,663 -99,450 537,485 97.1% Cash and cash equivalents 13,346 51,245 2.9% 0.1 0.4 Total investment portfolio 459,044 588,730 100.0% Borrowings -26,441 -46,585 -0.2 -0.4 Other net receivables/liabilities 6,476 4,515 0.1 0.0 Total NAV 439,079 546,660 Number of shares 128,006,603 128,599,651 NAV/share, USD 3.43 4.25 3.43 4.25 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. Equity investments valued under USD 10 mln comprise investments in 35 companies. 3. Convertible debt valued under USD 10 mln comprise debt in three companies. * Late stage includes companies that have raised funding equivalent to a series C or subsequent round and/or are profitable. Early stage includes companies that have raised funding equivalent to a series B round or preceding round. ** Portfolio companies with their main business in developed or emerging markets respectively. For further details on the holdings, see Note 3. Mobility 48% Other 16% Digital Health 9% Marketplace 27% Portfolio categories (% of total investment portfolio) Late stage 84% Early stage 16% Funding stage* (% of total investment portfolio) Developed markets 86% Emerging markets 14% Main markets** (% of total investment portfolio)

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05 Financial Report for the Third Quarter and the First Nine Months 2026 Change in financial assets at fair value through profit or loss per 3Q 2026, is shown below. /Expressed in USD thousands/ Category Company Fair value, 09/30/2026 Investments/ Disposals Fair value change Fair value change, % Fair value, 06/30/2026 Percentage weight Contributed NAVPS USD, 09/30/2026 Contributed NAVPS USD, 06/30/2026 Ownership Valuation method Mobility BlaBlaCar 114,816 – -6,376 -5% 121,192 25.0% 0.9 0.9 13.8% Revenue multiple Mobility Voi 101,477 – -4,383 -4% 105,859 22.1% 0.8 0.8 20.8% EBITDA multiple Marketplace HousingAnywhere 38,605 – -173 0% 38,778 8.4% 0.3 0.3 26.2% Latest transaction Marketplace Breadfast 30,222 – – – 30,222 6.6% 0.2 0.2 6.8% Latest transaction Digital Health Numan 26,839 – -9,299 -26% 36,138 5.8% 0.2 0.3 13.5% Revenue multiple Marketplace Bokadirekt 23,651 – -1,869 -7% 25,519 5.2% 0.2 0.2 15.6% Revenue multiple Other NV Fund 1 & 2 1 15,724 – -607 -4% 16,331 3.4% 0.1 0.1 – Net asset value Equity investments valued under USD 10 mln 2 84,231 -1,514 2,342 3% 83,404 18.3% 0.7 0.7 Convertible debt valued under USD 10 mln 3 1,472 – 2 0% 1,470 0.3% 0.0 0.0 Liquidity management 8,660 48 -109 8,720 1.9% 0.1 0.1 Investment portfolio 445,697 -1,466 -20,471 467,634 97.1% Cash and cash equivalents 13,346 16,348 2.9% 0.1 0.1 Total investment portfolio 459,044 483,982 100.0% Borrowings -26,441 -27,097 -0.2 -0.2 Other net receivables/liabilities 6,476 3,652 0.1 0.0 Total NAV 439,079 460,537 Number of shares 128,006,603 128,006,603 NAV/share, USD 3.43 3.60 3.43 3.60 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. Equity investments valued under USD 10 mln comprise investments in 35 companies. 3. Convertible debt valued under USD 10 mln comprise debt in three companies.

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06 Financial Report for the Third Quarter and the First Nine Months 2026 Company Fair value, 09/30/2026 Contributed NAVPS SEK, 09/30/2026 Fair value, 12/31/2025 Contributed NAVPS SEK, 12/31/2025 BlaBlaCar 1,144,727 8.9 1,511,880 11.8 Voi 1,011,732 7.9 1,173,100 9.1 HousingAnywhere 384,895 3.0 342,473 2.7 Breadfast 301,315 2.4 278,079 2.2 Numan 267,589 2.1 346,431 2.7 Bokadirekt 235,801 1.8 248,518 1.9 NV Fund 1 & 2 1 156,773 1.2 152,067 1.2 Equity investments valued under USD 10 mln 2 839,793 6.6 867,751 6.7 Convertible debt valued under USD 10 mln 3 14,679 0.1 22,590 0.2 Liquidity management 86,343 0.7 2,657 0.0 Investment portfolio 4,443,647 4,945,547 Cash and cash equivalents 133,065 1.0 471,520 3.7 Total investment portfolio 4,576,713 5,417,067 Borrowings -263,619 -2.1 -428,640 -3.3 Other net receivables/liabilities 64,563 0.5 41,544 0.3 Total NAV 4,377,657 5,029,971 Number of shares 128,006,603 128,599,651 NAV/share, SEK 34.20 34.20 39.11 39.11 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. Equity investments valued under USD 10 mln comprise investments in 35 companies. 3. Convertible debt valued under USD 10 mln comprise debt in three companies. Net Asset Value – SEK The table below presents the investment portfolio in SEK given a SEK/USD exchange rate of 9.9701. /Expressed in SEK thousands/

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07 Financial Report for the Third Quarter and the First Nine Months 2026 Portfolio events Investment activities during the nine-month period 2026 During the period, investments in financial assets, excluding liquidity management invest - ments, amounted to USD 4.3 mln (2025: 1.7) and proceeds from sales of financial assets, excluding liquidity management investments, amounted to USD 5.8 mln (2025: 87.8). Mobility blablacar.com Year of initial investment 2015 Total invested capital (USD mln) 204.0 Total fair value (USD mln) 114.8 Share of total portfolio 25.0% Ownership 13.8% Value development 2026 (in USD) -30% BlaBlaCar is the world’s leading community-based travel app, combining a global carpooling network with a growing bus and train offering. The platform connects people who want to travel long distances with drivers going the same way, so they can travel together and share the cost. During 2024, the company acquired Obilet, the leading bus marketplace in Turkey, which has since contributed solid growth and profitability to the group. During 2026, BlaBlaCar has been refocusing on its core marketplace business. In Q2 2026, BlaBlaCar initiated the wind-down of its low-margin Operated Bus segment. This is progressing as planned and will be com- pleted around year end. Bus tickets continue to be offered on the platform through the bus marketplace vertical. In Q3 2026, BlaBlaCar agreed to sell BlaBlaCar Daily, its short-distance commuter carpooling business in France, and the transaction closed just after the period, on October 1st. Daily was built on a SaaS-type model selling to companies and public authorities, with a dependence on subsidies, and sat outside BlaBlaCar’s core marketplace DNA. VNV excludes revenues from both segments on an NTM basis in its valuation model. The effect on the P&L will be lower revenues but higher EBITDA, both in absolute terms and in margin. The business will go from a weighted-average gross margin of around 50% to one around 90%. At VNV’s Capital Markets Day in September, CEO Nicolas Brusson presented pro forma financials excluding Operated Bus and Daily. On this basis, BlaBlaCar expects revenues of around EUR 205–215 mln in 2026, up from EUR 182 mln in 2025. EBITDA is expected at around EUR 40–45 mln, up from EUR 23 mln, a margin of roughly 20%. Management is targeting a long-term EBITDA margin of 40–45%. The path there is built on three levers: monetizing high-growth emerging carpool markets such as Brazil, India and Mexico; growing high-margin verticals in existing markets, such as accommodation in Turkey; and keeping strict opex discipline. The business continued to trade ahead of budget year to date. BlaBlaCar benefits from being a counter-cyclical business: elevated oil prices drive more drivers to offer seats on the platform to share fuel costs, which boosts supply on the C2C carpooling marketplace. Earlier in the year, BlaBlaCar also expanded to 20 new countries across 4 continents, doubling its global footprint. As per September 30, 2026, VNV Global values its 13.8% ownership in BlaBlaCar at USD 114.8 mln, based on a forward-looking EV/Revenue model. Mobility voi.com Year of initial investment 2018 Total invested capital (USD mln) 105.9 Total fair value (USD mln) 101.5 Share of total portfolio 22.1% Ownership 20.8% Value development 2026 (in USD) -20% Voi is a European micromobility company offering shared e-scooters and e-bikes for a connected, electrified and shared means of last mile transport. The company launched in Stockholm in August 2018 and has since become a leading micromobility player in Europe, with presence in 130+ cities in 13 countries. Voi published its Q3 2026 report on October 22. The company grew net revenue by 53% year over year in the third quarter, and showed continued strong operating leverage with adj. EBITDA up 90% and adj. EBIT up 132% YoY. On a last-twelve-month basis for the period ending Q3 2026, Voi generated net revenue of EUR 240.9 mln, adj. EBITDA of EUR 54.1 mln and adj. EBIT of EUR 22 mln. This reflects a continued combina- tion of strong growth and disciplined investment into the business. In late September, Voi signed a new EUR 150 mln revolving credit facility with Danske Bank, Swedbank and DNB. On October 19 it used the facility to redeem all of its EUR 90 mln outstanding senior secured bonds. Moving from the Nordic bond market to bank financing gives Voi more flexible and significantly more cost-efficient funding for continued fleet growth, and underlines how financially mature the business has become. In Q3 2026, Voi continued its strong tender and license momentum, securing wins in cities such as, but not limited to, London (e-scooters), Oxford (e-scooters and e-bikes) and Swansea (e-bikes). VNV’s carrying value of Voi decreased by 4% over the third quarter, with Lime now included as a prominent peer in the valuation following its listing in July. As per September 30, 2026, VNV Global values its 20.8% ownership in Voi at USD 101.5 mln, based on a forward-looking EV/EBITDA model. For further information about VNV Global’s portfolio companies, please see: VNV Global’s website

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08 Financial Report for the Third Quarter and the First Nine Months 2026 Marketplace housinganywhere.com Year of initial investment 2018 Total invested capital (USD mln) 26.0 Total fair value (USD mln) 38.6 Share of total portfolio 8.4% Ownership 26.2% Value development 2026 (in USD) -3% HousingAnywhere is a global platform that helps international students, expats and semi professionals to securely rent rooms or apartments from landlords and property managers all over Europe. Founded in the Netherlands in 2009, the platform has become a place where more than 18 mln users search for rooms and apartments every year. In Q1 2025, the company announced a new CEO, Antonio Intini. Antonio brings extensive expertise in real estate and tech innovation, having served as Chief Business Development Officer at Immobiliare.it, Italy’s leading housing platform, as well as several years at Amazon before that. The company closed 2025 with positive adjusted EBITDA, with a significant YoY improvement. The company closed a new funding round in early 2026 where VNV Global participated with EUR 1 mln. Convertible loan notes previously held were also converted to equity in connection with the round. In the twelve months to July 2026, HousingAnywhere generated EUR 39.0 mln in net revenue and EUR 5.6 mln in adjusted EBITDA, a margin of 14.4%. Under the new leadership, the company has sharpened its focus on students across France, Germany, Spain, Italy and the Netherlands. It is also working to become an AI-native rental platform, using AI-powered communication, qualification and support to increase conversion for both tenants and landlords. As per September 30, 2026, VNV Global values its 26.2% investment in HousingAnywhere at USD 38.6 mln, based on the latest transaction. Marketplace breadfast.com Year of initial investment 2021 Total invested capital (USD mln) 16.9 Total fair value (USD mln) 30.2 Share of total portfolio 6.6% Ownership 6.8% Value development 2026 (in USD) – Breadfast is Egypt’s leading online grocery and household essentials brand. The company operates a fully vertically integrated supply chain, delivering more than 8,000 SKUs (+1,800 Breadfast branded) on-de - mand in under 60 minutes across Egypt. Breadfast’s selection includes a range of freshly baked bread, fruits, vegetables, eggs, dairy, meat and poultry, alongside a range of CPG staples designed to serve a household’s daily and weekly grocery needs. During 2025, the company continued to significantly grow revenues with improved contribution margin. The company also raised additional capital during 2025 through an extension of its series B round. The company currently has 62 fulfillment points in four cities in Egypt, up 41% over the last twelve months, of which the vast majority are profitable. The company delivers more than 1.8 million orders a month to approx. 500k active users, with an annualized GTV of approx. USD 300 mln. In February 2026, Breadfast announced the final closing of their USD 50 mln pre-Series C round, allowing them to expand their business even further. The company’s new initiatives such as Breadfast Pay and Breadfast Food, a new restaurant food delivery vertical, continue to show strong early traction. As per September 30, 2026, VNV Global values its 6.8% investment in Breadfast at USD 30.2 mln, based on the latest transaction in the company. Digital Health numan.com Year of initial investment 2018 Total invested capital (USD mln) 9.0 Total fair value (USD mln) 26.8 Share of total portfolio 5.8% Ownership 13.5% Value development 2026 (in USD) -29% Numan is a UK-based online health clinic on a mission to help people live happier, healthier, longer lives. The company offers personalised, integrated care in one digital platform, including clinical guidance, med - ication, behavioural health coaching, diagnostics and supplements, to help patients take control of their health. Numan’s focus is on supporting people with stigmatised diseases and conditions such as obesity and testosterone deficiency, which traditionally are undertreated, mistreated or misunderstood. Numan started out mainly serving men, but it now serves both men and women at scale across metabolic, hormonal and preventive care, and has treated more than 800,000 patients to date. Its largest offering is weight loss through GLP-1 related treatments. The UK weight loss market has been price-led and promotion-heavy throughout 2026. In response, Numan has put unit economics ahead of volume, with clearly improving retention and a tighter cost base in Q3. Oral Wegovy, the UK’s first oral GLP-1, launched in early July and has gained good early traction. VNV writes down its position in Numan by 26% this quarter. This in part reflects lower peer multiples, with Hims & Hers down around 20% over the quarter as well as revised forward looking growth projections. As per September 30, 2026, VNV Global values its 13.5% investment in Numan at USD 26.8 mln, based on a forward-looking EV/Revenue model.

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09 Financial Report for the Third Quarter and the First Nine Months 2026 Marketplace bokadirekt.se Year of initial investment 2021 Total invested capital (USD mln) 21.9 Total fair value (USD mln) 23.7 Share of total portfolio 5.2% Ownership 15.6% Value development 2026 (in USD) -12% Bokadirekt is Sweden’s leading health and beauty platform. It combines the #1 SaaS offering for health and beauty merchants with Sweden’s #1 consumer marketplace for the category. Consumers use the marketplace to find providers, compare services, prices and reviews, make real-time bookings and pay for services. For merchants, Bokadirekt provides integrated business software covering bookings, calendars, staff, customer records and payments, both online and in-store. This cuts administration and lets merchants spend more time with their customers. Around 16,000 merchants use Bokadirekt’s subscription-based software. The marketplace has more than 2.5 million unique monthly users and handles around 1.6 million bookings per month. During 2025, Bokadirekt grew net revenue by 11% to SEK 196 mln and generated EBITDA of SEK 54 mln, an EBITDA margin of 27%. In the first seven months of 2026, Bokadirekt grew net revenue by 21% year-on-year to SEK 145 mln. EBITDA rose to SEK 41 mln, a margin of 29%. Growth was supported by the acquisition of Zoezi, which has been consolidated since February 2026. Zoezi provides cloud-based business management software to around 600 fitness and wellness merchants, covering booking, payments, check-in, membership management and staff administration. It was Bokadirekt’s third completed acquisition and its entry into a new vertical. Including Zoezi, LTM net revenue as of July 2026 amounted to SEK 221 mln, up 18%, with EBITDA of SEK 58 mln. SaaS made up roughly half of LTM revenue, with value-added services, payments and marketplace making up the rest. Bokadirekt Pay, the company’s integrated payment solution, launched in May 2026. It lets merchants accept payments more seamlessly across online and in-store channels and increases Bokadirekt’s share of transaction volume on the platform. Monthly total payment volume reached SEK 274 mln in August 2026. That is 2.9x the January 2024 level and represents about 56% growth over the last twelve months. As per September 30, 2026, VNV Global values its 15.6% investment in Bokadirekt at USD 23.7 mln, based on a forward-looking EV/Revenue model. New investments during the quarter No major investments were made in new companies during the quarter. Portfolio effects related to exposure to Russia and Ukraine The Ukrainian exposure accounted for approximately 0.5% of VNV Global’s total investment portfolio, Russia none.

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10 Financial Report for the Third Quarter and the First Nine Months 2026 Financial information Group – results for the nine-month period 2026 and net asset value During the period, the result from financial assets at fair value through profit or loss amounted to USD -99.45 mln (2025: 31.76), primarily as a result of negative revaluations of BlaBlaCar and Voi. Net operating expenses (defined as operating expenses less other operating income) amounted to USD -5.39 mln (2025: -5.14). Net financial items were USD -1.77 mln (2025: -15.83), mainly related to bond interest expense and SEK/USD depreciation. Net result for the period was USD -106.67 mln (2025: 8.26). Total shareholders’ equity amounted to USD 439.08 mln on September 30, 2026 (December 31, 2025: 546.66). Group – results for the third quarter 2026 During the quarter, the result from financial assets at fair value through profit or loss amounted to USD -20.47 mln (2025: -3.36), primarily driven by changes in peer multiples and foreign exchange movements. Net operating expenses (defined as operating expenses less other operating income) amounted to USD -0.89 mln (2025: -1.34). Net financial items were USD -0.15 mln (2025: -1.24), mainly related to bond interest expense and SEK/USD depreciation. Net result for the quarter was USD -21.57 mln (2025: -8.48). Liquid assets Cash and cash equivalents of the group amounted to USD 13.35 mln (December 31, 2025: 51.25). The liquid asset investments amounted to USD 8.66 mln (December 31, 2025: 0.29), based on the latest NAV of each fund’s market value. Liquidity management also includes non-operating/short-term investments derived from activities not related to the core business as well as investments in fund-oriented activities. Bond loan 2024/2027 At the balance sheet date, the 2024/2027 bond (ISIN SE0022761011), which matures on October 3, 2027, was classified as a non-current liability in accordance with IAS 1, as redemption is due more than 12 months after the reporting date. Bond history: On October 3, 2024, VNV Global issued a three-year senior unsecured bond of SEK 850 mln under a SEK 1,250 mln framework (ISIN: SE0022761011). On September 16, 2025, VNV Global proposed a conditional partial redemption of SEK 425 mln at 103.00%, plus accrued interest, subject to amend - ments to the bond terms. Bondholders approved the amendments on September 23, 2025, and the redemption was completed on October 3, 2025. The repurchase resulted in an earnings effect of SEK 12.75 mln (USD 1.362 mln), equal to the difference between the redemption payment and the bond’s carrying amount. The effect, reflecting the 103.00% redemption price, was recognized under “Financial income and expenses.” On March 13, 2026, VNV Global repurchased bonds with a nominal value of SEK 3.75 mln at 103.20%, plus accrued interest. The resulting earnings effect of SEK 0.175 mln (USD 0.02 mln) was recognized under “Financial income and expenses.” On April 29, 2026, VNV Global repurchased bonds with a nominal value of SEK 166.875 mln at 104.00%, plus accrued interest. The resulting earnings effect of SEK 6.675 mln (USD 0.720 mln) was recognized under “Financial income and expenses.” The covenants that VNV Global must comply with as of the reporting date, i.e. covenants to be assessed at September 30, 2026, are that VNV Global shall at all times procure that equity ratio exceeds 75%, the ratio of net interest bearing debt to net asset value is less than 20% and the ratio of net interest bearing debt to market capitalisation is less than 75%. As of September 30, 2026, VNV Global was in compliance with the covenants. Share capital and number of shares The total number of shares outstanding amounts to 135,438,602, of which 128,006,603 common shares, 111,999 incentive shares of Series C 2022, 1,710,000 incentive shares of Series C 2023, 1,710,000 incentive shares of Series D 2023, 1,300,000 incentive shares of Series C 2024, 1,300,000 incentive shares of Series C 2025 and 1,300,000 incentive shares of Series C 2026. VNV Global has, pursuant to an authorization from the Annual General Meeting on May 12, 2026, repurchased own common shares. The purpose of the resolution on acquisition of own shares is to provide flexibility in relation to the Company’s possibilities to return capital to its shareholders, to improve the capital efficiency in the Company, and to prevent a NAV/share price discount in relation to the Company’s shares. During the period, the Company repurchased 593,048 common shares. The Company has repurchased a total of 2,971,633 common shares, of which 2,865,943 have been cancelled. As of the reporting date, 105,690 common shares remained held as treasury shares. Cash flow Cash flow from operating activities amounted to USD -14.7 mln (2025: 60.6), of which investments in financial assets were USD -34.3 mln, (2025: -1.8), proceeds from sales were USD 27.4 mln (2025: 87.9). Cash flow from investment activities amounted to USD – mln (2025: –). Cash flow used in financing activities amounted to USD -22.3 mln (2025: -8.1), primarily due to the repayment of borrowings, interest payments on borrowings, and buy-backs of own shares. Cash flow for the period amounted to USD -37.0 mln (2025: 52.5). Risks and risk management For a more detailed description of risks and risk manage- ment, please see the section “Risk and risk management” in the 2025 annual report. During the period, no significant changes have occurred regarding the risks and uncertain - ties described in the 2025 annual report.

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11 Financial Report for the Third Quarter and the First Nine Months 2026 Income statements Group /Expressed in USD thousands/ Note 9M 2026 9M 2025 3Q 2026 3Q 2025 FY 2025 Result from financial assets at fair value through profit or loss 1 -99,450 31,764 -20,470 -3,362 261 Other operating income 205 278 52 80 330 Operating expenses -5,595 -5,420 -938 -1,421 -7,335 Operating result -104,840 26,622 -21,356 -4,703 -6,744 Financial income and expenses Interest income 34 4 2 3 828 Interest expense -3,173 -6,275 -613 -2,115 -10,713 Currency exchange gains/losses, net 1,370 -9,556 462 873 -10,148 Net financial items -1,769 -15,827 -149 -1,239 -20,033 Result before tax -106,609 10,795 -21,505 -5,942 -26,777 Taxation -63 -2,537 -63 -2,537 -2,440 Net result for the financial period -106,672 8,258 -21,568 -8,479 -29,217 Earnings per share (in USD) 7 -0.83 0.06 -0.17 -0.06 -0.22 Diluted earnings per share (in USD) 7 -0.83 0.06 -0.17 -0.06 -0.22 1. Financial assets at fair value through profit or loss are carried at fair value. Gains or losses arising from changes in the fair value of the ‘financial assets at fair value through profit or loss’ category are presented in the income statement within ‘Result from financial assets at fair value through profit or loss’ in the period in which they arise. Statement of comprehensive income /Expressed in USD thousands/ 9M 2026 9M 2025 3Q 2026 3Q 2025 FY 2025 Net result for the financial period -106,672 8,258 -21,568 -8,479 -29,217 Other comprehensive income for the period Items that may be classified subsequently to profit or loss: Currency translation differences – – – – – Other comprehensive income for the period – – – – – Total comprehensive income for the period -106,672 8,258 -21,568 -8,479 -29,217 Total comprehensive income for the periods above is entirely attributable to the equity holders of the parent company.

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12 Financial Report for the Third Quarter and the First Nine Months 2026 Balance sheet Group /Expressed in USD thousands/ 09/30/2026 09/30/2025 12/31/2025 Non-current assets Tangible non-current assets Property, plant and equipment 904 427 358 Total tangible non-current assets 904 427 358 Financial non-current assets Financial assets at fair value through profit or loss 445,697 580,866 537,485 Total financial non-current assets 445,697 580,866 537,485 Current assets Tax receivables 328 284 245 Other current receivables 6,056 29,093 5,175 Cash and cash equivalents 13,346 71,292 51,245 Total current assets 19,730 100,669 56,665 Total assets 466,331 681,962 594,508 /Expressed in USD thousands/ Note 09/30/2026 09/30/2025 12/31/2025 Shareholders’ equity (including net result for the financial period) 439,079 587,093 546,660 Non-current liabilities Interest bearing liabilities Long-term debts and leasing liabilities 5 26,107 44,219 46,246 Total non-current liabilities 26,107 44,219 46,246 Current liabilities Tax payables – 2,560 15 Short-term component of long-term debt 5 – 46,052 – Other current liabilities and leasing liabilities 546 1,507 1,342 Accrued expenses 599 531 245 Total current liabilities 1,145 50,650 1,602 Total shareholders’ equity and liabilities 466,331 681,962 594,508

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13 Financial Report for the Third Quarter and the First Nine Months 2026 Statement of Changes in Equity Group /Expressed in USD thousands/ Note Share capital Additional paid in capital Retained earnings Total Balance at January 1, 2025 1,427 388,960 191,006 581,393 Net result for the period January 1, 2025 to September 30, 2025 – – 8,258 8,258 Other comprehensive income for the period Currency translation differences – – – – Total comprehensive income for the period January 1, 2025 to September 30, 2025 – – 8,258 8,258 Transactions with owners: Buy-back of own shares – – -2,799 -2,799 Value of employee services: - Share-based long-term incentive program 6 14 – 227 241 Total transactions with owners 14 – -2,572 -2,558 Balance at September 30, 2025 1,441 388,960 196,692 587,093 Balance at January 1, 2025 1,427 388,960 191,006 581,393 Net result for the period January 1, 2025 to December 31, 2025 – – -29,217 -29,217 Other comprehensive income for the period Currency translation differences – – – – Total comprehensive income for the period January 1, 2025 to December 31, 2025 – – -29,217 -29,217 Transactions with owners: Buy-back of own shares – – -5,843 -5,843 Value of employee services: - Share-based long-term incentive program 6 14 – 313 327 Total transactions with owners 14 – -5,530 -5,516 Balance at December 31, 2025 1,441 388,960 156,259 546,660 Balance at January 1, 2026 1,441 388,960 156,259 546,660 Net result for the period January 1, 2026 to September 30, 2026 – – -106,672 -106,672 Other comprehensive income for the period Currency translation differences – – – – Total comprehensive income for the period January 1, 2026 to September 30, 2026 – – -106,672 -106,672 Transactions with owners: Buy-back of own shares – – -1,216 -1,216 Cancellation of treasury shares accompanied by an increase in the quota value 0.4 – -0.4 – Value of employee services: - Share-based long-term incentive program 6 15 – 292 307 Total transactions with owners 15 – -924 -909 Balance at September 30, 2026 1,456 388,960 48,663 439,079

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14 Financial Report for the Third Quarter and the First Nine Months 2026 Cash flow statements Group /Expressed in USD thousands/ 9M 2026 9M 2025 3Q 2026 3Q 2025 FY 2025 Operating activities Result before tax -106,609 10,795 -21,505 -5,942 -26,777 Adjustment for: Interest income -34 -4 -2 -3 -828 Interest expense 3,173 6,275 613 2,115 10,713 Currency exchange gains/-losses -1,370 9,556 -462 -873 10,148 Depreciation 257 228 81 78 310 Result from financial assets at fair value through profit or loss 99,450 -31,764 20,470 3,362 -261 Other non-cash adjustments 294 2,681 112 2,644 4,996 Change in current receivables -1,651 -28,409 -1,523 -28,510 -4,491 Change in current liabilities -359 -865 -1,363 -15 -1,329 Net cash used in operating activities -6,849 -31,507 -3,579 -27,144 -7,519 Investments in financial assets -34,331 -1,828 -653 -1,625 -2,549 Sales of financial assets 27,419 87,926 2,148 86,614 98,296 Dividend and coupon income – 6,219 – – 6,219 Interest received/paid, net -746 -129 -12 -130 -1 Tax paid -162 -53 -110 16 -2,461 Net cash flow from/used in operating activities -14,669 60,628 -2,206 57,731 91,985 Investment activities Investments in office equipment – – – – – Net cash flow used in investment activities – – – – – Financing activities Repayment of borrowings, net -18,479 – – – -45,701 Interest paid for borrowings -2,334 -5,108 -485 -1,707 -8,309 Repayment of lease liabilities -325 -256 -128 -92 -349 Proceeds to/from LTIP issued to employees 15 14 – 14 14 Buy-back of own shares -1,216 -2,799 – -2,799 -5,843 Net cash flow used in/from financing activities -22,339 -8,149 -613 -4,584 -60,188 Cash flow for the period -37,008 52,479 -2,819 53,147 31,797 Cash and cash equivalents at beginning of the period 51,245 15,683 16,348 16,419 15,683 Exchange gains/losses on cash and cash equivalents -891 3,130 -183 1,726 3,765 Cash and cash equivalents at end of the period 13,346 71,292 13,346 71,292 51,245

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15 Financial Report for the Third Quarter and the First Nine Months 2026 Income statement Parent Expressed in SEK thousands/ 9M 2026 9M 2025 3Q 2026 3Q 2025 FY 2025 Result from financial assets at fair value through profit or loss 3,421 42 569 -380 -156 Operating expenses -32,676 -32,332 -7,595 -7,376 -41,757 Operating result -29,255 -32,290 -7,026 -7,756 -41,913 Financial income and expenses Results from participations in Group companies -587,967 -1,344,600 -86,992 -689,487 -2,067,853 Dividend income from subsidiary – 574,626 – 574,626 882,512 Profit/loss from financial items Interest income 4,114 5,414 1,394 1,470 9,438 Interest expense -29,631 -60,548 -5,938 -19,981 -100,228 Currency exchange gains/losses, net -2,244 10,718 -936 6,436 5,346 Net financial items -27,761 -44,416 -5,480 -12,075 -85,444 Appropriations Group contribution – – – – 267 Result before tax -644,983 -846,680 -99,498 -134,692 -1,312,431 Taxation – – – – – Net result for the financial period -644,983 -846,680 -99,498 -134,692 -1,312,431 Statement of comprehensive income Expressed in SEK thousands/ 9M 2026 9M 2025 3Q 2026 3Q 2025 FY 2025 Net result for the financial period -644,983 -846,680 -99,498 -134,692 -1,312,431 Other comprehensive income for the period Items that may be classified subsequently to profit or loss: Currency translation differences – – – – – Other comprehensive income for the period – – – – – Total comprehensive income for the period -644,983 -846,680 -99,498 -134,692 -1,312,431

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16 Financial Report for the Third Quarter and the First Nine Months 2026 Balance sheet Parent /Expressed in SEK thousands/ 09/30/2026 09/30/2025 12/31/2025 Non-current assets Financial non-current assets Shares in subsidiaries 4,429,967 5,710,714 4,987,461 Financial assets at fair value through profit or loss 53,909 1,316 1,117 Receivables from Group companies 94,910 96,713 96,969 Total financial non-current assets 4,578,786 5,808,743 5,085,547 Current assets Tax receivables 2,093 1,826 1,631 Other current receivables 3,123 2,990 2,793 Cash and cash equivalents 52,739 563,328 366,621 Total current assets 57,955 568,144 371,045 Total assets 4,636,741 6,376,887 5,456,592 /Expressed in SEK thousands/ Note 09/30/2026 09/30/2025 12/31/2025 Restricted equity Share capital 14,069 13,930 13,930 Total restricted equity 14,069 13,930 13,930 Non-restricted equity Additional paid in capital 3,402,531 3,402,531 3,402,531 Retained earnings 1,606,040 2,954,078 2,925,941 Profit/loss for the period -644,983 -846,680 -1,312,431 Total unrestricted equity 4,363,588 5,509,929 5,016,041 Total equity 4,377,657 5,523,859 5,029,971 Non-current liabilities Interest bearing liabilities Long-term debts 5 254,889 415,253 425,517 Total non-current liabilities 254,889 415,253 425,517 Current liabilities Short-term component of long-term debt 5 – 433,297 – Other current liabilities 1,043 1,445 473 Accrued expenses 3,152 3,033 631 Total current liabilities 4,195 437,775 1,104 Total shareholders' equity and liabilities 4,636,741 6,376,887 5,456,592

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17 Financial Report for the Third Quarter and the First Nine Months 2026 Statement of Changes in Equity Parent /Expressed in SEK thousands/ Note Share capital Additional paid in capital Retained earnings Total Balance at January 1, 2025 13,798 3,402,531 2,977,910 6,394,239 Net result for the period January 1, 2025 to September 30, 2025 – – -846,680 -846,680 Total comprehensive income for the period January 1, 2025 to September 30, 2025 – – -846,680 -846,680 Transactions with owners: Buy-back of own shares – – -26,327 -26,327 Value of employee services: - Share-based long-term incentive program 6 132 – 2,495 2,627 Total transactions with owners 132 – -23,832 -23,700 Balance at September 30, 2025 13,930 3,402,531 2,107,398 5,523,859 Balance at January 1, 2025 13,798 3,402,531 2,977,910 6,394,239 Net result for the period January 1, 2025 to December 31, 2025 – – -1,312,431 -1,312,431 Total comprehensive income for the period January 1, 2025 to December 31, 2025 – – -1,312,431 -1,312,431 Transactions with owners: Buy-back of own shares – – -55,103 -55,103 Value of employee services: - Share-based long-term incentive program 6 132 – 3,134 3,266 Total transactions with owners 132 – -51,969 -51,837 Balance at December 31, 2025 13,930 3,402,531 1,613,510 5,029,971 Balance at January 1, 2026 13,930 3,402,531 1,613,510 5,029,971 Net result for the period January 1, 2026 to September 30, 2026 – – -644,983 -644,983 Total comprehensive income for the period January 1, 2026 to September 30, 2026 – – -644,983 -644,983 Transactions with owners: Buy-back of own shares – – -11,001 -11,001 Cancellation of treasury shares accompanied by an increase in the quota value 4 – -4 – Value of employee services: - Share-based long-term incentive program 6 135 – 3,535 3,670 Total transactions with owners 139 – -7,470 -7,331 Balance at September 30, 2026 4 14,069 3,402,531 961,057 4,377,657

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18 Financial Report for the Third Quarter and the First Nine Months 2026 Notes to the financial statements ⁄ Expressed in USD thousand unless indicated otherwise ⁄ Note 1 General information VNV Global AB (publ) was incorporated in Stockholm on March 11, 2005, with corporate identity number 556677-7917. The common shares of VNV Global are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV. As of September 30, 2026, the VNV Global Group consists of the Swedish parent company VNV Global AB (publ), three direct wholly owned subsidiaries and five indirect wholly owned companies through its subsidiaries. The financial year is January 1–December 31. Parent company The parent company VNV Global AB (publ) is a Swedish limited liability company, incorporated in Sweden and operating under Swedish law. VNV Global AB (publ) owns directly or indirectly all the companies in the Group. The net result for the period was SEK -644.98 mln (2025: -846.68), primarily due to write-downs on shares in Group companies from negative portfolio value changes. The recoverable value has been determined as the adjusted equity on a group level. The parent company had three employees per September 30, 2026. Accounting principles This interim report has, for the Group, been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. The financial reporting for the Parent Company has been prepared in accordance with the Swedish Annual Accounts Act and RFR 2 Accounting for legal entities, issued by the Swedish Financial Reporting Board. Under Swedish company regulations it is not allowed to report the Parent Company results in any other currency than Swedish Krona or Euro and consequently the Parent Company’s financial information is reported in Swedish Krona and not the Group’s reporting currency of US Dollar. The accounting policies that have been applied for the Group and Parent Company, are in agreement with the accounting policies used in preparation of the Company’s annual report 2025. Note 2 Related party transactions During the period, VNV Global has recognized the following related party transactions: Operating expenses Current liabilities 9M 2026 9M 2025 09/30/2026 09/30/2025 Key management and Board of Directors 1 -2,284 -2,005 -216 -211 1. Compensation paid or payable includes salary and accrued bonus to the management and remuneration to the Board members. The costs for the long-term incentive programs (LTIP 2023, LTIP 2024, LTIP 2025 and LTIP 2026) for the management and key personnel amounted to USD 574 thousand. For further details on the LTIP programs, please see Note 6.

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19 Financial Report for the Third Quarter and the First Nine Months 2026 Note 3 Fair value estimation The majority of VNV Global’s financial assets are valued at fair value. Depending on market observable inputs, the valuation is based on either published price quotations, valuation techniques based on market observ - able inputs or determined by using other techniques. The instruments measured at fair value have been classified into three hierarchy levels as follows: — Level 1, the measurement of the instrument is based on published quoted prices in active markets for identical assets. — Level 2, inputs for the measurement of the instrument include also other than quoted prices observable for the asset, either directly, i.e. prices, or indirectly, i.e. derived from prices. —Level 3, the measurement is based on other inputs rather than observable market data for the asset. The fair value of financial instruments traded in active markets is based on quoted market prices at the balance sheet date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1. The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. Reclassifications of an investment between levels 1, 2, 3 are for example done if and when any of the following occurs: IPO or listing/de-listing of securities, a new transaction on market terms, a previous transaction on market terms is deemed less relevant or no longer relevant as the basis for a fair value assessment. Investments in assets that are not traded on any market will be held at fair value determined by recent transactions made at prevailing market con - ditions or different valuation models depending on the characteristics of the company as well as the nature and risks of the investment. The valuations of level 3 investments are either based on valuation models, typically based on EBITDA or revenue multiples of comparable listed peers or transactions on market terms that include more uncertainty given the time elapsed since completion or structure of the transactions. Other valuation techniques that may be used include discounted cash flow valuation (DCF), exit-multiple valuation, also referred to as Leveraged Buyout (LBO) valuation, asset- based valuation as well as forward-looking multiples valuation based on comparable traded companies. Multiples-based valuation models for level 3 investments are built around a few key input parameters, namely, forward looking revenue or EBITDA estimates, net debt position, the median multiple of a selected peer group and if applicable, an adjustment factor that is qualitatively assessed and based on the following parameters relative to the selected peer group: company size, business maturity, focus geographies, growth potential, market ability and liquidity. The adjustment factor, if applied, in the multiples-based valuation models typically range between 10–40%. Typically, transaction-based valuations are kept unchanged for a period of up to 12 months unless there is cause for a revaluation due to material changes in external market factors or company-specific factors. After 12 months, the Group typically derives fair value for non-traded assets through any of the models described above. The validity of valuations based on a transaction is inevitably eroded over time, since the price at which the investment was made reflects the conditions that existed on the transaction date. At each reporting date, possible changes or events subsequent to the relevant transaction are assessed and if this assessment implies a change in the investment’s fair value, the valuation is adjusted accordingly. The outstanding convertible notes are valued at fair value including accrued interest. VNV Global follows a structured process in assessing the valuation of its unlisted investments. VNV Global evaluates company specific and external data relating to each specific investment on a monthly basis. The data is then assessed at monthly and quarterly valuation meetings by senior management. If internal or external factors are deemed to be significant further assessment is undertaken and the specific investment is revalued to the best fair value estimate. Revaluations are approved by the Board of Directors in connection with the Company’s financial reports. Current liabilities The book value for interest-bearing loans, accounts payable and other financial liabilities are deemed to correspond to the fair values. See annual report 2025, Note 3 “Critical accounting estimates and assumptions” for more information. Latest transaction and valuation method When a latest transaction is more than one year old or that the latest price transaction no longer reflects the fair value of the investment, the invest- ment is moved from level 2 to level 3. Convertible loan note and equity are valued at the same level in a specific investment. Fair value change level 3 Movement to level 3 includes the market value from the previous year, which is presented as the opening NAV balance for each portfolio invest- ment, as well as any investments made during the year in the same portfolio investment. The following table Assets measured at fair value reports the develop - ment of the portfolio investment’s value (column “Fair value change level 3”) and movements during the period (columns “Reclassification of level” and “Movement to/(from) level 3”) for the period during which the investment has been classified as a level 3 investment. Movement from level 3 includes the previous year’s market value, which is presented as the opening NAV balance for the relevant portfolio investment. Changes regarding major holdings during the third quarter 2026 Reclassifications There were no reclassifications among the larger holdings during the quarter. Certain smaller holdings were reclassified between fair value hierarchy levels. New investments No investments were made in new companies during the quarter. Fair value changes Fair value changes in the investment portfolio reflect the effects of multiples. The multiples may change due to movement in expectations, cash flow and earnings. Changes regarding major holdings in 2026 Reclassifications Numan was reclassified from level 2 to level 3 since the company’s last fund- ing rounds took place over a year ago. HousingAnywhere was reclassified from level 3 to level 2 following a new funding round. New investments No major investments were made in new companies during the year. Fair value changes Fair value changes in the investment portfolio reflect the effects of multiples. The multiples may change due to movement in expectations, cash flow and earnings.

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20 Financial Report for the Third Quarter and the First Nine Months 2026 Assets measured at fair value per September 30, 2026 (3Q 2026) Company Valuation method Peer group multiple Level 1 Level 2 Level 3 Reclassification of level Movement to/ (from) level 3 Latest transaction on market terms Fair value change level 3 (3Q) Opening balance level 3, 07/01/2026 373,630 Fair value change level 3, QTD -24,895 BlaBlaCar Revenue multiple 3.9 – – 114,816 No change – Apr, 2023 -6,376 Voi EBITDA multiple 7.9 – – 101,477 No change – Mar, 2024 -4,383 HousingAnywhere Latest transaction – – 38,605 – No change – Dec, 2025 – Breadfast Latest transaction – – 30,222 – No change – May, 2025 – Numan Revenue multiple 1.5 – – 26,839 No change – Jul, 2025 -9,299 Bokadirekt Revenue multiple 6.1 – – 23,651 No change – Dec, 2021 -1,869 NV Fund 1 & 2 1 Net asset value – – – 15,724 No change – Jun, 2026 -607 Hungry Panda Revenue multiple 1.0 – – 9,529 No change 750 Sep, 2026 -1,468 Flo/Palta, through GHE II Mixed – – – 8,493 No change – Feb, 2026 64 Wasoko Revenue multiple 0.8 – – 7,319 No change – Sep, 2025 -882 Baly Revenue multiple 1.6 – – 7,231 No change – Sep, 2021 754 Collectiv Food Latest transaction – – 6,802 – No change – May, 2026 – VNV Pioneer 2 Revenue multiple – – – 5,902 No change – – -1,045 UAB Ovoko Latest transaction – – 3,864 – From level 3 to level 2 -2,298 Sep, 2026 – Stardots Latest transaction – – 3,500 – From level 3 to level 2 -1,840 Jun, 2026 – Myelin II Net asset value – – – 3,146 No change – Dec, 2025 24 Olio Revenue multiple 4.8 – – 3,051 No change – Aug, 2021 263 El Basharsoft (Wuzzuf, Forasna) Revenue multiple 2.6 – – 2,978 No change – Jul, 2022 713 Alva Revenue multiple 4.1 – – 2,432 No change – May, 2023 505 Swvl Listed company – 2,354 – – No change – – – YouScan Revenue multiple 3.3 – – 2,275 No change -500 Aug, 2026 315 Vezeeta Revenue multiple 3.3 – – 2,092 No change – Sep, 2022 -210 Pale Blue Dot Net asset value – – – 1,845 No change – Jul, 2025 -8 YUV Revenue multiple 5.5 – – 1,488 From level 2 to level 3 2,406 Jun, 2025 -918 Naseeb Networks (Rozee, Mihnati) Revenue multiple 2.9 – – 1,293 No change – Dec, 2021 184 Shohoz Revenue multiple 2.1 – – 1,234 No change – May, 2023 -227 Ballroom Aps Revenue multiple 2.7 – – 1,005 No change – Apr, 2023 165 All 3 Global Latest transaction – – 1,000 – No change – Feb, 2026 – Equity investments valued under USD 1 mln 3 – 2,040 3,357 656 -588 Convertible debt valued under USD 1 mln 4 – 741 731 – -4 Liquidity management – – 8,660 – No change – – – Total 2,354 95,434 347,909 -826 -24,895 Closing balance level 3, 09/30/2026 347,909 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. VNV Pioneer holds investments in a number of companies including, but not limited to, Alva Labs, YUV and HS Teater. 3. Equity investments valued under USD 1 mln comprise level 3 investments in 14 companies. 4. Convertible debt valued under USD 1 mln comprise level 3 debt in three companies.

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21 Financial Report for the Third Quarter and the First Nine Months 2026 Assets measured at fair value per September 30, 2026 (9M 2026) Company Valuation method Peer group multiple Level 1 Level 2 Level 3 Reclassification of level Movement to/ (from) level 3 Latest transaction on market terms Fair value change level 3 (9M) Opening balance level 3, 01/01/2026 454,156 Fair value change level 3, YTD -101,084 BlaBlaCar Revenue multiple 3.9 – – 114,816 No change – Apr, 2023 -49,496 Voi EBITDA multiple 7.9 – – 101,477 No change – Mar, 2024 -26,017 HousingAnywhere Latest transaction – – 38,605 – From level 3 to level 2 -37,220 Dec, 2025 – Breadfast Latest transaction – – 30,222 – No change – May, 2025 – Numan Revenue multiple 1.5 – – 26,839 From level 2 to level 3 37,650 Jul, 2025 -10,811 Bokadirekt Revenue multiple 6.1 – – 23,651 No change – Dec, 2021 -3,358 NV Fund 1 & 2 1 Net asset value – – – 15,724 No change 83 Jun, 2026 -885 Hungry Panda Revenue multiple 1.0 – – 9,529 No change 750 Sep, 2026 -2,855 Flo/Palta, through GHE II Mixed – – – 8,493 No change – Feb, 2026 7 Wasoko Revenue multiple 0.8 – – 7,319 No change – Sep, 2025 -2,347 Baly Revenue multiple 1.6 – – 7,231 No change – Sep, 2021 1,951 Collectiv Food Latest transaction – – 6,802 – No change – May, 2026 – VNV Pioneer 2 Revenue multiple – – – 5,902 No change – – -1,432 UAB Ovoko Latest transaction – – 3,864 – From level 3 to level 2 -2,690 Sep, 2026 – Stardots Latest transaction – – 3,500 – From level 3 to level 2 -1,944 Jun, 2026 – Myelin II Net asset value – – – 3,146 No change – Dec, 2025 633 Olio Revenue multiple 4.8 – – 3,051 No change – Aug, 2021 -278 El Basharsoft (Wuzzuf, Forasna) Revenue multiple 2.6 – – 2,978 No change – Jul, 2022 -196 Alva Revenue multiple 4.1 – – 2,432 No change – May, 2023 -1,480 Swvl Listed company – 2,354 – – No change – – – YouScan Revenue multiple 3.3 – – 2,275 No change -500 Aug, 2026 106 Vezeeta Revenue multiple 3.3 – – 2,092 No change – Sep, 2022 -550 Pale Blue Dot Net asset value – – – 1,845 No change – Jul, 2025 -65 YUV Revenue multiple 5.5 – – 1,488 From level 2 to level 3 2,406 Jun, 2025 -918 Naseeb Networks (Rozee, Mihnati) Revenue multiple 2.9 – – 1,293 No change – Dec, 2021 -59 Shohoz Revenue multiple 2.1 – – 1,234 No change – May, 2023 -660 Ballroom Aps Revenue multiple 2.7 – – 1,005 No change – Apr, 2023 -234 All 3 Global Latest transaction – – 1,000 – New investment – Feb, 2026 – Equity investments valued under USD 1 mln 3 – 2,040 3,357 -2,865 -2,123 Convertible debt valued under USD 1 mln 4 – 741 731 -832 -19 Liquidity management – – 8,660 – No change – – – Total 2,354 95,434 347,909 -5,162 -101,084 Closing balance level 3, 09/30/2026 347,909 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. VNV Pioneer holds investments in a number of companies including, but not limited to, Alva Labs, YUV and HS Teater. 3. Equity investments valued under USD 1 mln comprise level 3 investments in 14 companies. 4. Convertible debt valued under USD 1 mln comprise level 3 debt in three companies.

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22 Financial Report for the Third Quarter and the First Nine Months 2026 Sensitivity The following table presents the group’s sensitivity in level 3 valuations and change in value at changing either multiples or respective benchmark. Company Invested amount Ownership, % Sensitivity valuation Benchmark -15% -10% 9M 2026 +10% +15% BlaBlaCar 204,018 13.8 96,617 102,684 114,816 126,948 133,015 Revenue multiple Voi 105,935 20.8 81,934 88,448 101,477 114,505 121,019 EBITDA multiple Numan 9,018 13.5 22,919 24,226 26,839 29,452 30,759 Revenue multiple Bokadirekt 21,887 15.6 20,315 21,427 23,651 25,875 26,987 Revenue multiple NV Fund 1 & 2 1 21,532 – 13,366 14,152 15,724 17,297 18,083 Net asset value Hungry Panda 17,643 3.3 8,067 8,554 9,529 10,505 10,992 Revenue multiple Flo/Palta, through GHE II 8,340 22.0 7,219 7,644 8,493 9,343 9,767 Mixed Wasoko 23,500 3.4 6,237 6,598 7,319 8,041 8,402 Revenue multiple Baly 1,000 3.4 6,182 6,532 7,231 7,930 8,280 Revenue multiple VNV Pioneer 2 8,856 – 5,017 5,312 5,902 6,493 6,788 Revenue multiple Myelin II 2,700 100.0 2,674 2,831 3,146 3,460 3,617 Net asset value Olio 14,746 11.0 2,667 2,795 3,051 3,306 3,434 Revenue multiple Alva 5,206 9.9 2,064 2,186 2,432 2,678 2,801 Revenue multiple El Basharsoft (Wuzzuf, Forasna) 5,812 20.5 2,539 2,686 2,978 3,271 3,417 Revenue multiple YouScan 8,706 18.8 1,975 2,075 2,275 2,476 2,576 Revenue multiple Vezeeta 9,441 9.0 1,800 1,897 2,092 2,287 2,384 Revenue multiple Pale Blue Dot 1,812 100.0 1,568 1,660 1,845 2,029 2,122 Net asset value YUV 1,500 5.1 1,274 1,345 1,488 1,631 1,703 Revenue multiple Shohoz 9,404 31.6 1,112 1,153 1,234 1,315 1,355 Revenue multiple Naseeb Networks (Rozee, Mihnati) 4,751 27.3 1,104 1,167 1,293 1,419 1,482 Revenue multiple Ballroom Aps 439 8.2 818 880 1,005 1,129 1,192 Revenue multiple Equity investments valued under USD 1 mln 3 40,897 3,046 3,150 3,357 3,564 3,667 Convertible debt valued under USD 1 mln 4 750 622 658 731 805 841 Total level 3 527,893 291,137 310,061 347,909 385,757 404,682 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. VNV Pioneer holds investments in a number of companies including, but not limited to, Alva Labs, YUV and HS Teater. 3. Equity investments valued under USD 1 mln comprise level 3 investments in nine companies. 4. Convertible debt valued under USD 1 mln comprise level 3 debt in one company.

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23 Financial Report for the Third Quarter and the First Nine Months 2026 Change in financial assets at fair value through profit or loss per September 30, 2026 (3Q 2026) Category Company Opening balance, 07/01/2026 Investments/ (disposals), net FV change Closing balance, 09/30/2026 Valuation method Mobility BlaBlaCar 121,192 – -6,376 114,816 Revenue multiple Mobility Voi 105,859 – -4,383 101,477 EBITDA multiple Marketplace HousingAnywhere 38,778 – -173 38,605 Latest transaction Marketplace Breadfast 30,222 – – 30,222 Latest transaction Digital Health Numan 36,138 – -9,299 26,839 Revenue multiple Marketplace Bokadirekt 25,519 – -1,869 23,651 Revenue multiple Other NV Fund 1 & 2 1 16,331 – -607 15,724 Net asset value Marketplace Hungry Panda 10,248 750 -1,468 9,529 Revenue multiple Digital Health Flo/Palta, through GHE II 8,429 – 64 8,493 Mixed Marketplace Wasoko 8,201 – -882 7,319 Revenue multiple Other Baly 6,477 – 754 7,231 Revenue multiple Other Collectiv Food 6,794 – 9 6,802 Latest transaction Other VNV Pioneer 2 6,947 – -1,045 5,902 Revenue multiple Marketplace UAB Ovoko 2,298 – 1,566 3,864 Latest transaction Digital Health Stardots 1,840 – 1,659 3,500 Latest transaction Marketplace Myelin II 3,121 – 24 3,146 Net asset value Other Olio 2,788 – 263 3,051 Revenue multiple Marketplace El Basharsoft (Wuzzuf, Forasna) 2,265 – 713 2,978 Revenue multiple Marketplace Alva 1,927 – 505 2,432 Revenue multiple Mobility Swvl 775 – 1,579 2,354 Listed company Other YouScan 2,461 -500 315 2,275 Revenue multiple Digital Health Vezeeta 2,302 – -210 2,092 Revenue multiple Other Pale Blue Dot 1,853 – -8 1,845 Net asset value Other YUV 2,406 – -918 1,488 Revenue multiple Marketplace Naseeb Networks (Rozee, Mihnati) 1,109 – 184 1,293 Revenue multiple Mobility Shohoz 1,461 – -227 1,234 Revenue multiple Other Ballroom Aps 840 – 165 1,005 Revenue multiple Other All 3 Global 1,000 – – 1,000 Latest transaction Equity investments valued under USD 1 mln 3 7,863 -1,764 -702 5,397 Convertible debt valued under USD 1 mln 4 1,470 – 2 1,472 Liquidity management 8,720 48 -109 8,660 Investment portfolio 467,634 -1,466 -20,471 445,697 Cash and cash equivalents 16,348 13,346 Total investment portfolio 483,982 459,044 Borrowings -27,097 -26,441 Other net receivables/liabilities 3,652 6,476 Total NAV 460,537 439,079 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. VNV Pioneer holds investments in a number of companies including, but not limited to, Alva Labs, YUV and HS Teater. 3. Equity investments valued under USD 1 mln comprise level 3 investments in 14 companies. 4. Convertible debt valued under USD 1 mln comprise level 3 debt in three companies.

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24 Financial Report for the Third Quarter and the First Nine Months 2026 Change in financial assets at fair value through profit or loss per September 30, 2026 (9M 2026) Category Company Opening balance, 01/01/2026 Investments/ (disposals), net FV change Closing balance, 09/30/2026 Valuation method Mobility BlaBlaCar 164,312 – -49,496 114,816 Revenue multiple Mobility Voi 127,493 – -26,017 101,477 EBITDA multiple Marketplace HousingAnywhere 37,220 2,666 -1,281 38,605 Latest transaction Marketplace Breadfast 30,222 – – 30,222 Latest transaction Digital Health Numan 37,650 – -10,811 26,839 Revenue multiple Marketplace Bokadirekt 27,009 – -3,358 23,651 Revenue multiple Other NV Fund 1 & 2 1 16,527 83 -885 15,724 Net asset value Marketplace Hungry Panda 11,634 750 -2,855 9,529 Revenue multiple Digital Health Flo/Palta, through GHE II 8,486 – 7 8,493 Mixed Marketplace Wasoko 9,666 – -2,347 7,319 Revenue multiple Other Baly 5,280 – 1,951 7,231 Revenue multiple Other Collectiv Food 6,660 272 -130 6,802 Latest transaction Other VNV Pioneer 2 7,334 – -1,432 5,902 Revenue multiple Marketplace UAB Ovoko 2,690 – 1,173 3,864 Latest transaction Digital Health Stardots 1,944 – 1,556 3,500 Latest transaction Marketplace Myelin II 2,512 – 633 3,146 Net asset value Other Olio 3,328 – -278 3,051 Revenue multiple Marketplace El Basharsoft (Wuzzuf, Forasna) 3,175 – -196 2,978 Revenue multiple Marketplace Alva 3,912 – -1,480 2,432 Revenue multiple Mobility Swvl 1,099 – 1,255 2,354 Listed company Other YouScan 2,670 -500 106 2,275 Revenue multiple Digital Health Vezeeta 2,642 – -550 2,092 Revenue multiple Other Pale Blue Dot 1,910 – -65 1,845 Net asset value Other YUV 2,406 – -918 1,488 Revenue multiple Marketplace Naseeb Networks (Rozee, Mihnati) 1,352 – -59 1,293 Revenue multiple Mobility Shohoz 1,894 – -660 1,234 Revenue multiple Other Ballroom Aps 1,239 – -234 1,005 Revenue multiple Other All 3 Global – 1,000 – 1,000 Latest transaction Equity investments valued under USD 1 mln 3 12,475 -4,923 -2,155 5,397 Convertible debt valued under USD 1 mln 4 2,455 -867 -116 1,472 Liquidity management 289 9,182 -811 8,660 Investment portfolio 537,485 7,663 -99,450 445,697 Cash and cash equivalents 51,245 13,346 Total investment portfolio 588,730 459,044 Borrowings -46,585 -26,441 Other net receivables/liabilities 4,515 6,476 Total NAV 546,660 439,079 1. NV Fund 1 & 2 hold investments in a number of companies including, but not limited to, Celus, Tajir and QuantrolOx. As per September 30, 2026, USD 6 mln of the total fair value estimate is attributable to proceeds from the NV Funds sale of NoTraffic. 2. VNV Pioneer holds investments in a number of companies including, but not limited to, Alva Labs, YUV and HS Teater. 3. Equity investments valued under USD 1 mln comprise level 3 investments in 14 companies. 4. Convertible debt valued under USD 1 mln comprise level 3 debt in three companies.

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25 Financial Report for the Third Quarter and the First Nine Months 2026 Note 4 Share capital The Company’s share capital amounts to SEK 14,069,497.51. The total number of shares per September 30, 2026, amounts to 135,544,292 issued and 135,438,602 outstanding shares, respectively. The distribution per share class is shown in the table to the right. VNV Global has, pursuant to an authorization from the Annual General Meeting on May 12, 2026, repurchased own common shares. The purpose of the resolution on acquisition of own shares is to provide flexibility in relation to the Company’s possibilities to return capital to its shareholders, to improve the capital efficiency in the Company, and to prevent a NAV/share price discount in relation to the Company’s shares. During the period, the Company repurchased 593,048 common shares. The Company has repurchased a total of 2,971,633 common shares, of which 2,865,943 have been cancelled. As of the reporting date, 105,690 common shares remained held as treasury shares. Share class Number of issued shares Number of shares outstanding Number of votes Share capital, SEK Share capital, USD Common shares 128,112,293 128,006,603 128,006,603 13,311,569 1,383,272 Shares of Series C 2022 111,999 111,999 111,999 11,357 1,078 Shares of Series C 2023 1,710,000 1,710,000 1,710,000 173,736 15,509 Shares of Series D 2023 1,710,000 1,710,000 1,710,000 173,736 15,509 Shares of Series C 2024 1,300,000 1,300,000 1,300,000 132,080 12,289 Shares of Series C 2025 1,300,000 1,300,000 1,300,000 132,080 13,946 Shares of Series C 2026 1,300,000 1,300,000 1,300,000 134,940 14,596 Total 135,544,292 135,438,602 135,438,602 14,069,498 1,456,200 Year Event Change in number of shares Total number of shares after change Quota value, SEK Change in share capital, SEK Total share capital after change, SEK Jan 1, 2022 Opening balance – 119,494,230 0.10 – 11,949,423.46 2022 Cancellation of treasury shares -1,535,078 117,959,152 0.10 - 11,949,423.46 2022 Issuance of L TIP 2022 Incentive Shares 1,190,000 119,149,152 0.10 118,999.54 12,068,423.00 2022 Buy-back of own shares -951,830 – – – 12,068,423.00 Dec 31, 2022 Closing balance, issued shares – 119,149,152 0.10 – 12,068,423.00 2023 Shares cancelled -322,871 118,826,281 0.10 4,327.15 12,072,750.15 2023 Rights issue 16,412,638 135,238,919 0.10 1,667,524.02 13,740,274.17 2023 Issuance of L TIP 2023 C Incentive Shares 1,710,000 136,948,919 0.10 173,736.00 13,914,010.17 2023 Issuance of L TIP 2023 D Incentive Shares 1,710,000 138,658,919 0.10 173,736.00 14,087,746.17 2023 Redemption of L TIP 2019 Incentive Shares -2,008,545 136,650,374 0.10 -204,068.17 13,883,678.00 2023 Redemption of L TIP 2020 Incentive Shares -502,138 136,148,236 0.10 -51,017.22 13,832,660.78 2023 Redemption of L TIP 2021 Incentive Shares -560,000 135,588,236 0.10 -56,896.00 13,775,764.78 2023 Redemption of L TIP 2022 Incentive Shares -1,078,001 134,510,235 0.10 -109,524.90 13,666,239.88 Dec 31, 2023 Closing balance, issued shares – 134,510,235 0.10 – 13,666,239.88 2024 Issuance of L TIP 2024 C Incentive Shares 1,300,000 135,810,235 0.10 132,080.00 13,798,319.88 Dec 31, 2024 Closing balance, issued shares – 135,810,235 0.10 – 13,798,319.88 2025 Issuance of L TIP 2025 C Incentive Shares. 1,300,000 137,110,235 0.10 132,080.00 13,930,399.88 2025 Buy-back of own shares -2,378,585 – – – 13,930,399.88 Dec 31, 2025 Closing balance, issued shares – 137,110,235 0.10 – 13,930,399.88 2026 Issuance of L TIP 2026 Incentive Shares 1,300,000 138,410,235 0.10 134,940.00 14,065,339.88 2026 Buy-back of own shares -593,048 – – – 14,065,339.88 2026 Cancellation of treasury shares and adjustment in quota value -2,865,943 135,544,292 0.10 4,157.63 14,069,497.51 Sep 30, 2026 Closing balance, issued shares – 135,544,292 0.10 – 14,069,497.51

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26 Financial Report for the Third Quarter and the First Nine Months 2026 Note 6 Long-term incentive programs (LTIP) LTIP 2022 LTIP 2023 C LTIP 2023 D LTIP 2024 C LTIP 2025 C LTIP 2026 C Program measurement period Jan 2022–Dec 2026 Apr 2023–Mar 2028 Apr 2023–Mar 2028 Apr 2024–Mar 2029 Apr 2025–Mar 2030 Apr 2026–Mar 2031 Vesting period Jul 2022–Jun 2025 Oct 2023–Mar 2028 Oct 2023–Mar 2028 Jun 2024–Mar 2029 Jun 2025–Mar 2030 Jun 2026–Mar 2031 Maximum number of shares 111,999 1,710,000 1,710,000 1,300,000 1,300,000 1,300,000 Common share price per grant day in SEK 22.10 13.95 13.95 26.68 15.74 17.46 Common share price per grant day in USD 2.09 1.25 1.25 2.48 1.66 1.89 Fair market value plan share per grant day in SEK 0.49 1.63 0.89 8.39 2.37 3.61 Fair market value plan share per grant day in USD 0.05 0.15 0.08 0.78 0.25 0.39 LTIP share-based remuneration expense, excluding social fees /USD mln/ LTIP 2022 LTIP 2023 C LTIP 2023 D LTIP 2024 C LTIP 2025 C LTIP 2026 C 2026 – 0.04 0.02 0.16 0.05 0.03 2025 – 0.05 0.02 0.21 0.03 – 2024 – 0.07 0.04 0.12 – – 2023 0.04 0.03 0.01 – – – 2022 0.01 – – – – – Total 0.05 0.19 0.09 0.49 0.08 0.03 Outstanding programs C 2023, D 2023, C 2024, C 2025 and C 2026 VNV Global operates long-term incentive programs for management and key personnel. The purpose of the programs is to encourage personnel to work in the long term and to further commit themselves to the Company. In 2023, two separate new incentive programs for management and key personnel, Series C 2023 and Series D 2023, were launched to replace the incentive programs 2019 to 2022. The 2019 to 2022 programs were cancelled, with the exception of some vested shares in the 2022 program. The C 2023 and D 2023 programs contain a five-year performance period (October 2023 to March 2028). In 2024, VNV Global launched incentive program C 2024, containing a five-year performance period (June 2024 to March 2029). In 2025, VNV Global launched incentive program C 2025, containing a five-year performance period (June 2025 to March 2030), and in 2026, VNV Global launched a new incentive program, C 2026, containing a five-year performance period (June 2026 to March 2031). The incentive programs C 2023, C 2024, C 2025 and C 2026 tie rewards to perfor- mance of the VNV Global share price. The incentive program D 2023 ties rewards to performance of the Company’s net asset value. Some or all of the incentive shares will be redeemed or reclassified as common shares if the performance conditions are fulfilled. Otherwise, the incentive shares will be redeemed at nominal value and canceled. The participants will be compensated for dividends and other value transfers to the shareholders during the term of the program. The participants are also entitled to vote for their shares of Series C 2023, D 2023, C 2024, C 2025 and C 2026 during the measure- ment period. If a participant ceases to be employed by the Group within this period, the plan shares will be redeemed, unless otherwise resolved by the Board on a case-by-case basis. The fair value of the shares of Series C 2023, D 2023, C 2024, C 2025 and C 2026 on the grant date was calculated on the basis of the market price of the Company’s shares on the grant date and prevailing market conditions by using a Monte Carlo Valuation Method. Note 5 Long- and short-term debts Bonds On October 3, 2024, VNV Global issued SEK 850 mln in series 2024/2027 bonds at 99% of nominal value, with a three-year term and a floating rate of 3-month STIBOR plus 550 bps (ISIN: SE0022761011). On September 16, 2025, the company announced plans to redeem SEK 425 mln at 103% of the outstanding amount, pending bondholder approval, which was granted on September 23 and redemption occurred on October 3, 2025. On March 13, 2026, VNV Global repurchased SEK 3.75 mln in bonds at 103.2%, resulting in an earnings impact of SEK 0.175 mln (USD 0.02 mln). On April 29, 2026, VNV Global repurchased SEK 166.875 mln in bonds at 104.00%, resulting in an earnings impact of SEK 6.675 million (USD 0.720 million). Leasing liabilities As of September 30, 2026, lease liabilities include a provision for payments totaling USD 0.9 mln.

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27 Financial Report for the Third Quarter and the First Nine Months 2026 Note 7 Result per share 9M 2026 9M 2025 3Q 2026 3Q 2025 FY 2025 Net result attributable to the equity holders of the Parent Company /USD thousands/ -106,672 8,258 -21,568 -8,479 -29,217 Weighted average number of common shares 128,134,583 130,945,968 128,006,603 130,882,835 130,539,347 Weighted average number of common shares – diluted 128,134,583 130,945,968 128,006,603 130,882,835 130,539,347 Earnings per share, based on net result attributable to the equity holders of the Parent Company /USD/ -0.83 0.06 -0.17 -0.06 -0.22 Earnings per share, based on net result attributable to the equity holders of the Parent Company – diluted /USD/ -0.83 0.06 -0.17 -0.06 -0.22 The total number of shares per September 30, 2026, amounts to 135,544,292 issued and 135,438,602 outstanding shares, respectively. The distribution per share class is shown in the table below. The shares’ quota value is SEK 0.10. During the period, the Company repurchased 593,048 common shares. The Company has repurchased a total of 2,971,633 common shares, of which 2,865,943 have been cancelled. As of the reporting date, 105,690 common shares remained held as treasury shares. 2026 Common shares Series C 2022 Series C 2023 Series D 2023 Series C 2024 Series C 2025 Series C 2026 Number of issued shares, January 1 130,978,236 111,999 1,710,000 1,710,000 1,300,000 1,300,000 – Buy-back of own shares in previous years -2,378,585 – – – – – – Buy-back of own shares during the period -593,048 – – – – – – Issuance of shares during the period – – – – – – 1,300,000 Reclassification by reversing repurchased shares and recording them as cancelled 2,865,943 – – – – – – Cancelled shares during the period -2,865,943 – – – – – – Number of outstanding shares, September 30 128,006,603 111,999 1,710,000 1,710,000 1,300,000 1,300,000 1,300,000 Repurchase of shares not cancelled during the period 105,690 – – – – – – Number of issued shares, September 30 128,112,293 111,999 1,710,000 1,710,000 1,300,000 1,300,000 1,300,000 Definitions Earnings per share, USD When calculating earnings per share, the average number of shares is based on average outstanding common shares. Plan Shares, issued to participants in the Company’s long-term share-based Incentive programs, are not treated as outstanding common shares and thus are not included in the weighted calculation. The issue of Plan Shares is however recognized as an increase in shareholders’ equity. Diluted earnings per share, USD When calculating diluted earnings per share, the average number of common shares is adjusted to consider the effects of potential dilutive common shares that have been offered to employees, originating during the reported periods from share-based incentive programs. Dilutions from share-based incentive programs affect the number of shares and only occur when the incentive program performance conditions of the respective programs are fulfilled.

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28 Financial Report for the Third Quarter and the First Nine Months 2026 Note 8 Events after the reporting period No significant events after the period. Upcoming Reporting Dates VNV Global’s report for the fourth quarter and twelve- month period January 1, 2026–December 31, 2026, will be published on January 28, 2027. Stockholm, Sweden, October 27, 2026 Lars-Åke Norling Chairman of the Board Therese Angel Board member Josh Blachman Board member Keith Richman Board member Olga San Jacinto Board member Per Brilioth Managing Director and Board member For further information contact Per Brilioth or Björn von Sivers: Telephone: +46 8 545 015 50, www.vnv.global VNV Global AB (publ) Mäster Samuelsgatan 1 SE-111 44 Stockholm Sweden Corporate identity number 556677-7917 Phone +46 8 545 015 50 Fax +46 8 545 015 54 www.vnv.global info@vnv.global

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29 Financial Report for the Third Quarter and the First Nine Months 2026 Auditor’s report To the Board of directors in VNV Global AB (publ), corporate identity number 556677-7917 This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail. Introduction We have conducted a limited review of the condensed interim financial information (interim report) for VNV Global AB (publ) as of September 30, 2026, and the nine-month period ending on that date. The board of directors and the managing director are responsible for preparing and presenting this interim report in accor- dance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our limited review. The focus and scope of the limited review We have conducted our limited review in accor- dance with the International Standard on Review Engagements ISRE 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity.” A limited review consists of making inqui- ries, primarily of persons responsible for financial and accounting matters, performing analytical procedures, and other review procedures. A limited review has a different focus and a significantly smaller scope com - pared to the focus and scope of an audit conducted in accordance with ISA and generally accepted auditing standards. The review procedures taken in a limited review do not enable us to obtain the assurance that we would become aware of all significant matters that might have been identified in an audit. Therefore, the conclusion expressed based on a limited review does not have the assurance that a conclusion expressed based on an audit has. Conclusion Based on our limited review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in accor- dance with the Annual Accounts Act. Gothenburg, October 27, 2026 Öhrlings PricewaterhouseCoopers AB Johan Brobäck Authorized Public Accountant

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30 Financial Report for the Third Quarter and the First Nine Months 2026 Appendix: Alternative Performance Measures Group VNV Global applies the European Securities and Markets Authority (ESMA) Guidelines on Alternative Performance Measures (APM). Alternative performance measures are financial measures that are not specified within the applicable financial reporting framework. These measures are used by VNV Global to support the analysis of the Group’s performance to enhance comparability over time. Definitions of the alternative performance measures used by the Group are presented below. Performance measurements Definitions Motives Net asset value, USD and SEK Net asset value is defined as the amount of shareholders’ equity according to the balance sheet. The performance measure determines the value of the company’s net assets and thus shows the carrying amount of the company enabling a comparison with the company’s enterprise value. Net asset value per share, USD and SEK Shareholders’ equity divided by total number of outstanding common shares at the end of the period. An established performance measure for investment companies that demonstrates the owners’ share of the company’s total net assets per share and enables comparison with the company’s share price. Net asset value per share adjusted for rights issue and buy-back of own shares, USD and SEK Net asset value per share adjusted for rights issue and buy- back of own shares is defined as the amount of shareholders’ equity according to the balance sheet adjusted for rights issue and buy-back of own shares during the period. The adjusted shareholders’ equity is divided by the adjusted number of common shares, which excludes issued and repurchased shares during the period. To reflect the net asset value development by excluding transactions with owners shown in the shareholder’s equity specification by adjusting the numerator (net asset value) and the denominator (number of common shares). Net asset value per share development in USD and SEK, adjusted for rights issue and buy-back of own shares, % Net asset value per share development in USD and SEK, adjusted for rights issue and buy-back of own shares is defined as change in net asset value per share in USD and SEK compared with the end of the previous period adjusted for rights issue and buy-back of own shares during the period, in percent. Provided that rights issue proceeds have been invested in level 2 investments, a more fair net asset value development is shown without the effects of rights issues and buy-backs of own shares. Alternative performance measures 9M/3Q 2026 12M/4Q 2025 9M/3Q 2025 Net asset value /USD/ A 439,078,572 546,659,972 587,092,722 Net asset value per share /USD/ B 3.43 4.25 4.52 Net asset value per share adjusted for rights issue and buy-back of own shares /USD/ C 3.42 4.22 4.50 YTD Net asset value per share development in USD, adjusted for rights issue and buy-back of own shares /%/ D -19% -5% 1% QTD Net asset value per share development in USD, adjusted for rights issue and buy-back of own shares /%/ E -5% -7% -1% Net asset value /SEK/ F 4,377,657,710 5,029,970,921 5,523,859,725 Net asset value per share /SEK/ G 34.20 39.11 42.53 Net asset value per share adjusted for rights issue and buy-back of own shares /SEK/ H 34.13 38.82 42.37 YTD Net asset value per share development in SEK, adjusted for rights issue and buy-back of own shares /%/ I -13% -20% -13% QTD Net asset value per share development in SEK, adjusted for rights issue and buy-back of own shares /%/ J -2% -9% -2%

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31 Financial Report for the Third Quarter and the First Nine Months 2026 Reconciliations of alternative performance measures /USD/ 9M/3Q 2026 12M/4Q 2025 9M/3Q 2025 A Net asset value /USD/ 439,078,572 546,659,972 587,092,722 B Net asset value per share /USD/ Net asset value /USD/ 439,078,572 546,659,972 587,092,722 Number of common shares outstanding 128,006,603 128,599,651 129,895,530 Net asset value per share /USD/ 3.43 4.25 4.52 C Net asset value per share adjusted for rights issue and buy-back of own shares /USD/ Net asset value /USD/ 439,078,572 546,659,972 587,092,722 Buy-back of own shares /USD/ 1,216,382 5,842,972 2,798,584 Net asset value adjusted for rights issue and buy-back of own shares /USD/ 440,294,954 552,502,944 589,891,306 Number of common shares outstanding 128,006,603 128,599,651 129,895,530 New shares issued – – – Buy-back of own shares 593,048 2,378,585 1,082,706 Reclassification by reversing repurchased shares and recording them as cancelled -2,865,943 – – Cancelled shares 2,865,943 – – Number of common shares adjusted for rights issue and buy-back of own shares 128,599,651 130,978,236 130,978,236 Net asset value adjusted for rights issue and buy-back of own shares /USD/ 440,294,954 552,502,944 589,891,306 Number of common shares adjusted for rights issue and buy-back of own shares 128,599,651 130,978,236 130,978,236 Net asset value per share adjusted for rights issue and buy-back of own shares /USD/ 3.42 4.22 4.50 D YTD Net asset value per share development in USD, adjusted for rights issue and buy-back of own shares /%/ Net asset value per share – opening value /USD/ 4.25 4.44 4.44 Net asset value per share adjusted for rights issue and buy-back of own shares – closing value /USD/ 3.42 4.22 4.50 YTD Net asset value per share development in USD, adjusted for rights issue and buy-back of own shares /%/ -19% -5% 1% E QTD Net asset value per share development in USD, adjusted for rights issue and buy-back of own shares /%/ Net asset value per share – opening value /USD/ 3.60 4.52 4.57 Net asset value per share adjusted for rights issue and buy-back of own shares – closing value /USD/ 3.42 4.22 4.50 QTD Net asset value per share development in USD, adjusted for rights issue and buy-back of own shares /%/ -5% -7% -1%

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32 Financial Report for the Third Quarter and the First Nine Months 2026 Reconciliations of alternative performance measures /SEK/ 9M/3Q 2026 12M/4Q 2025 9M/3Q 2025 F Net asset value /SEK/ Net asset value /USD/ 439,078,572 546,659,972 587,092,722 SEK/USD 9.9701 9.2013 9.4088 Net asset value /SEK/ 4,377,657,710 5,029,970,921 5,523,859,725 G Net asset value per share /SEK/ Net asset value /SEK/ 4,377,657,710 5,029,970,921 5,523,859,725 Number of common shares outstanding 128,006,603 128,599,651 129,895,530 Net asset value per share /SEK/ 34.20 39.11 42.53 H Net asset value per share adjusted for rights issue and buy-back of own shares /SEK/ Net asset value /SEK/ 4,377,657,710 5,029,970,921 5,523,859,725 Buy-back of own shares /SEK/ 11,000,804 55,102,548 26,327,053 Net asset value adjusted for rights issue and buy-back of own shares /SEK/ 4,388,658,514 5,085,073,469 5,550,186,778 Number of common shares outstanding 128,006,603 128,599,651 129,895,530 New shares issued – – – Buy-back of own shares 593,048 2,378,585 1,082,706 Reclassification by reversing repurchased shares and recording them as cancelled -2,865,943 – – Cancelled shares 2,865,943 – – Number of common shares adjusted for rights issue and buy-back of own shares 128,599,651 130,978,236 130,978,236 Net asset value adjusted for rights issue and buy-back of own shares /SEK/ 4,388,658,514 5,085,073,469 5,550,186,778 Number of common shares adjusted for rights issue and buy-back of own shares 128,599,651 130,978,236 130,978,236 Net asset value per share adjusted for rights issue and buy-back of own shares /SEK/ 34.13 38.82 42.37 I YTD Net asset value per share development in SEK, adjusted for rights issue and buy-back of own shares /%/ Net asset value per share – opening value /SEK/ 39.11 48.82 48.82 Net asset value per share adjusted for rights issue and buy-back of own shares – closing value /SEK/ 34.13 38.82 42.37 YTD Net asset value per share development in SEK, adjusted for rights issue and buy-back of own shares /%/ -13% -20% -13% J QTD Net asset value per share development in SEK, adjusted for rights issue and buy-back of own shares /%/ Net asset value per share – opening value /SEK/ 34.97 42.53 43.39 Net asset value per share adjusted for rights issue and buy-back of own shares – closing value /SEK/ 34.13 38.82 42.37 QTD Net asset value per share development in SEK, adjusted for rights issue and buy-back of own shares /%/ -2% -9% -2%

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