INTERIM REPORT JULY 2025 - MARCH 2026 – TRANSFORMATION DRIVES IMPROVED EARNINGS

The quarter was characterised by divestments, acquisitions and improved earnings. The core operations increased net sales by 38 percent to MSEK 375.4, with an adjusted EBIT margin of 8.6 percent. Duroc is well positioned for continued growth and earnings within its core operations.

Third quarter January 2026 – March 2026

• Net sales decreased by 3 percent to MSEK 765.0 (787.3). Organic growth** was 14 percent.
• Adjusted EBIT* amounted to MSEK 37.2 (19.0), corresponding to an adjusted EBIT* margin of 4.9 percent (2.4).
• Operating profit (EBIT) amounted to MSEK -33.1 (17.4). Earnings were impacted by a capital loss of MSEK -33.0 and an impairment of right-of-use assets of MSEK -32.8. These items are non-cash affecting.
• Earnings per share amounted to SEK -1.13 (0.34).
• Cash flow from operating activities amounted to MSEK -25.0 (57.1).
• During the quarter, the acquisition of four operating entities was completed, with combined annual net sales of approximately MSEK 240 and EBIT of approximately MSEK 25. For further information, see Note 2.
• During the period, IFG’s Austrian unit IFG Asota GmbH was divested in line with the communicated rebalancing of Duroc’s Group structure. For further information, see Note 2.
• Duroc has implemented an updated Group structure to clarify its strategic focus. The new structure comprises nine business groups across three business areas. For further information, see page 3.

July 2025 – March 2026

• Net sales decreased by 6 percent to MSEK 2,073.7 (2,213.4). Organic growth** was -2 percent.
• Adjusted EBIT* amounted to MSEK -0.3 (3.1), corresponding to an adjusted EBIT* margin of -0.0 percent (0.1).
• Operating profit (EBIT) amounted to MSEK -63.3 (5.3).
• Earnings per share amounted to SEK -1.65 (-0.17).
• Cash flow from operating activities amounted to MSEK 27.4 (64.4).
• Net debt excluding lease liabilities under IFRS 16 amounted to MSEK 81.6 (52.6).
• As of the balance sheet date, the Group’s cash and cash equivalents amounted to MSEK 155.5 (134.4) and unutilised credit facilities amounted to MSEK 171.9 (195.7).
• Equity amounted to MSEK 1,061.4 (1,103.3) at the end of the period and the equity ratio amounted to 50 percent (57).
• Equity per share attributable to the Parent Company’s shareholders amounted to SEK 26.3 (27.4).