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Ulf Lilius, President & CEO

CEO comment, Q1 2026

Tentative start to the year – full focus on staying proactive well-positioned as demand recovers

The business climate remained hesitant during the first quarter, with an uncertain external environment and a cautious customer base. Our
operations are maintaining a strong focus on cost control, streamlining and active marketing in order to be well positioned to meet a gradually
improving market. At the same time, we have continued to make selective acquisitions in line with our strategy.

Ulf Lilius, President & CEO

The Group reported unchanged revenue and lower earnings during the first quarter of the year. Overall, demand was cautious, with geopolitical tensions weighing heavily. Sales fluctuated during the period but a slight upturn in sales took place towards the end of the quarter. Acquired operations made a positive contribution to revenue and earnings. To date this year, Momentum Group has completed two acquisitions, one of which took place after the end of the quarter, with combined annual revenue of approximately SEK 80 million.

First quarter 2026

  • Revenue was in line with previous year and amounted to SEK 736 million (735). Sales for comparable units decreased by 6%.
  • Operating profit decreased by 8% to SEK 56 million (61), corresponding to an operating margin of 7.6% (8.3), where the previous year was affected by non-recurring items of SEK –3 million.
  • EBITA decreased by 8% to SEK 70 million (76), corresponding to an EBITA margin of 9.5% (10.3).
  • Profit for the quarter amounted to SEK 38 million (44), corresponding to earnings per share of SEK 0.75 (0.85).
  • The return on working capital (EBITA/WC) was 56% (58).
  • The equity/assets ratio was 37% (33) at the end of the period.
  • As of 31 March 2026, the number of repurchased shares of series B amounted to 1,044,259.
  • Acquisition of Höglandets Kompressorservice, a specialist in compressor technology for industrial customers.

Events after the end of the period

  • Acquisition of Actuated Solutions Limited, a specialist in valve automation in the UK.

A quarterly presentation is available on the company’s website, momentum.group, where Ulf Lilius, CEO and Niklas Enmark, CFO present the report and provide an update on operations.

Q1 R12 Mar
2026 2025 Δ 2026 2025 Δ
Revenue 736 735 0% 3,098 2,947 5%
Operating profit 56 61 -8% 274 269 2%
EBITA 70 76 -8% 331 323 2%
Net profit 38 44 -14% 190 187 2%
Earnings per share before and after dilution, SEK 0.75 0.85 -12% 3.70 3.60 3%
Operating margin 7.6% 8.3% 8.8% 9.1%
EBITA margin 9.5% 10.3% 10.7% 11.0%
Return on working capital (EBITA/WC) 56% 58%
Operational net loan liability 356 314
Equity/assets ratio 37% 33%

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