Interim Report Q2 2026

Momentum Group

Interim report

January–June 2026

 Summary

Improved earnings and high acquisition activity

The Group reported increased revenue, improved margins and higher earnings during the second quarter of the year. This improvement was driven by positive performances in both business areas. The organic sales trend was slightly positive overall, with a good performance in Sweden, while the Danish market remained weak. The level of acquisition activity in the quarter was also high, with acquired operations making a strong contribution to both revenue and earnings. To date this year, Momentum Group has completed six acquisitions, with combined annual revenue of approximately SEK 230 million.

Second quarter 2026

comparable units, sales were unchanged.

• EBITA increased by 23% to SEK 113 million (92), corresponding to an EBITA margin of 12.8% (11.2). • Profit for the quarter amounted to SEK 70 million (54),

• Acquisition of Actuated Solutions, a specialist in valve automation in the UK. • Acquisition of Limo, a specialist in motion control and energy-absorbing industrial components. • Acquisition of Ceon, a specialist in valves and actuators with a focus on the marine sector in the Nordic region.

January–June 2026

which –3% for comparable units.

the previous year was affected by non-recurring items of

SEK –3 million.

corresponding to an EBITA margin of 11.3% (10.8).

period. • As of 30 June 2026, the number of repurchased shares of series B amounted to 1,044,259. • During the first quarter, Höglandets Kompressorservice was acquired.

Events after the end of the period

• No significant events have occurred after the end of the period.

2026 2025 Δ 2026 2025 Δ 2026 2025 Δ

Earnings per share before and after dilution, SEK1.30 1.05 24% 2.05 1.90 8% 3.95 3.60 10%

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.

 President’s statement

Positive performance amid continued challenges in parts

of the market The business climate in the Group’s main markets in the Nordic region improved slightly during the second quarter of the year, even though the market continued to be characterised by variations between customer segments and fluctuating activity levels. The Group reported increased revenue, improved margins and higher earnings driven by positive performances in both business areas. Acquired operations made a strong contribution to both revenue and earnings, and our decentralised structure – together with a strong financial position – means that we are well equipped for continued long-term, profitable growth.

Market and earnings performance

The overall business climate in our main markets in the Nordic region was slightly more positive during the quarter. Most notably, the level of activity increased in

Sweden.

The improved market environment continued to be

characterised by significant variations across customer

with higher capacity utilisation mainly due to planned maintenance stops and previously delayed service work that was carried out during the quarter. Several operations, primarily those with project-based sales, faced a cautious customer market, with a continued focus on cost control and restrained investment decisions. As a result, the Danish market remained weak.

The improvement in underlying sales, combined with

higher gross margins and a continued focus on cost control and streamlining, led to higher earnings and improved margins during the quarter. Our companies are continuing to adapt their operations to the prevailing market conditions, while at the same time we are investing in sales promotion and customer-facing activities in order to strengthen our positions in anticipation of gradually improving demand.

Continued growth through profitable acquisitions

We are continuing to develop the Group according to our long-term strategy, in which acquisitions play a key role. With a strong financial position and low indebtedness, we have been able to complete six acquisitions so far this year: Höglandets Kompressorservice, Actuated Solutions in the UK, Limo and Ceon as well as IntentiusGruppen, which consists of two companies. These operations generate combined annual revenue of approximately SEK 230 million. We are a long-term owner with no exit horizon. We acquire profitable specialist companies with strong market positions that we further develop with a focus on sustainable earnings growth. These acquisitions gradually improve the Group’s offering, expanding our market presence and creating the conditions for continued value creation over time.

Outlook

The situation for the Nordic industrial sector remains somewhat challenging, and we expect customers to exhibit a certain level of restraint in the near future. At the same time, there are indications of a gradual improvement in several customer segments. We continue to focus on what we can influence.

Through decentralised responsibility for earnings, close

customer relationships and continuous work with cost control, streamlining and marketing, our companies are well equipped to respond to a gradual improvement in demand. Our ambition remains the same. With a focus on earnings growth, strong cash flow and control in the balance sheet,

acquisitions and investments that will lead to increased earnings growth and higher earnings per share over time.

Stockholm, July 2026

Ulf Lilius, President & CEO

 Group financial development

Sales performance

Comments on the market

The overall business climate in the Group’s main markets in the Nordic region was slightly more positive during the quarter. Most notably, the level of activity increased in Sweden in several customer segments. Service sales developed well, with solid capacity utilisation, mainly due to planned maintenance stops but also because previously delayed service work was carried out during

while sales in Finland were stable adjusted for some major deliveries in the comparative period. The Danish market was weak in both Industry and

sales in a continued cautious customer market characterised by a focus on cost control and restrained investment decisions. Despite the slight improvement in the business climate, the market continued to be characterised by major variations between customer segments and fluctuating activity levels. The Group’s operations, primarily in workshop services and companies with project-based sales, faced a cautious customer market with a clear focus on cost control and restrained investment decisions. Purchasing prices and costs increased at a moderate rate, with some price increases related to the situation in the Middle East. The Group’s companies maintained a good delivery capacity with generally improved gross margins. The conditions for Nordic industry, and therefore for many of the Group’s customers, remains somewhat challenging. While there are indications of a gradual improvement in several customer segments, the Group’s assessment is that customers will remain cautious until their own demand situation improves.

The Group has gradually adjusted its customer

segment focus and offering through acquisitions.

Additionally, the Group’s companies continually adopt

measures to adapt their operations to the prevailing market situation. The focus has continued to be on cost control, streamlining, price adjustments and sales promotion activities, with the goal of strengthening their positions ahead of a gradual improvement in demand. The current situation has not led to any changes in material bases of judgement compared with those applied in the annual report for 2025.

Performance in the second quarter of 2026

Sales for comparable units were slightly positive during the quarter, with sales levels remaining in large part unchanged in both the Industry and Infrastructure business areas. In total, revenue increased by 8 per cent to SEK 886 million (824), of which acquisitions contributed SEK 53 million. The quarter included one additional trading day than last year.

Growth in comparable units

compared with Q2 2025

Sales performance

Revenue, SEK million

Q2 Jan-Jun

Q1

 Group financial development

Earnings performance

Second quarter 2026

Operating profit increased by 24 per cent to SEK 97

per cent (9.5 ).

Operating profit was charged with amortisation of

intangible non- current assets arising from acquisitions of SEK –16 million (–14) and depreciation of other intangible

exchange-rate translation effects impacted operating profit during the quarter (–1). EBITA increased by 23 per cent to SEK 113 million (92),

Acquisitions made a positive contribution to the quarter's profit. Profit after financial items totalled SEK 90 million (70).

quarter.

January–June 2026 period

Operating profit increased by 10 per cent to SEK 153

per cent (8.9).

Operating profit was charged with amortisation of

intangible non- current assets arising from acquisitions of

SEK –30 million (–26) and depreciation of other

Last year's operating profit was charged with costs

No exchange-rate translation effects impacted operating

profit during the period (–1).

Profit after financial items totalled SEK 140 million

for the period.

EBITA growth, Q2 2026

EBITA per business area , R12

EBITA and operating profit, SEK million

Industry 59%

Infrastructure 41%

Q1

of which: Amortisation of intangible assets in connection with acquisitions

Momentum Group | Interim report Q2 2026 6

 Industry business area Offers components and related services primarily to aftermarket customers and OEMs in the industrial sector. The companies are mainly resellers, supplemented by proprietary products, system solutions and services. The companies, with leading positions in one or several product verticals and market niches, are organised into the Power Transmission and Specialist business units.

Revenue Q2 2026, SEK million

Revenue per business unit, R12

Operations

Sales in Power Transmission increased during the quarter.

Combined with improved gross margins, this led to higher

EBITA and an improved EBITA margin. Demand increased in

the mining and automotive industries, but was weaker in pulp and paper. The overall level of activity among customers improved gradually during the quarter, albeit with some variations across customer segments continuing to be noted. In Specialist, sales and the EBITA margin declined somewhat for comparable units, primarily because demand for projects in the manufacturing industry remained cautious, especially in Denmark. Sales in other markets were stable or grew, with higher EBITA margins overall. Acquired businesses contributed revenue of SEK 22 million during the quarter as well as making a strong earnings contribution.

compared with the same quarter last year. Revenue for comparable units, measured in local currency and adjusted for the number of trading days, were unchanged.

The business area's profitability measured as return on

EBITA, SEK million

Power Transmission 74%

Specialist 26%

Q1

Momentum Group | Interim report Q2 2026 7

 Infrastructure business area

Offers products, services and solutions to critical industrial infrastructure. The companies are mainly resellers and service providers, with the ability to deliver complete and customised solutions. The

business area comprises the Flow Technology and Technical Solutions business units.

Revenue Q2 2026, SEK million

Operations

In Flow Technology, sales for comparable units increased during the quarter. Combined with improved gross margins, this led to higher EBITA and an improved EBITA margin. In Sweden, both product and service sales performed well. The trend remained weaker in Denmark as a result of fewer project transactions, while sales in Finland declined year-onyear as a result of a few major deliveries in the comparative period. Acquired businesses contributed revenue of SEK 23 million during the quarter as well as making a strong earnings contribution.

In Technical Solutions, sales for comparable units

declined slightly during the quarter, while EBITA and the EBITA margin both developed positively. The positive trend for the service operations was driven by planned

performance in parts of the measurement and control

measurement operations. Acquired operations contributed revenue of SEK 9 million during the quarter, with a positive impact on earnings. Financial performance in the second quarter of 2026 Revenue increased by 9 per cent to SEK 415 million (381) compared with the same quarter last year. Revenue for comparable units, measured in local currency and adjusted for the number of trading days, were unchanged. EBITA increased by 33 per cent to SEK 52 million (39),

The business area’s profitability, measured as the return on working capital (EBITA/WC), amounted to 64 per cent (57).

Revenue per business unit, R12

EBITA, SEK million

Flow Technology 63%

Technical Solutions 37%

Q1

Momentum Group | Interim report Q2 2026 8

 Financial position

Profitability, cash flow and financial position

Profitability

The Group’s profitability, measured as the return on

1. for the most recent 12-month period. The return on

equity for the same period was 25 per cent (25 ).

Cash flow from operating activities before changes in

million (160). Cash flow was impacted by paid tax of SEK –50 million (–47). In the reporting period, inventories decreased by SEK 12 million. Operating receivables increased by SEK 70 million and operating liabilities increased by SEK 44 million. Accordingly, cash flow from operating activities for the reporting period amounted to

SEK 165 million (152).

Cash flow from investing activities for the reporting

(–206), settlements of deferred payments regarding acquisitions of SEK – 12 million (–27) and net investments in non-current assets of SEK –9 million (–9). Cash flow from financing activities for the reporting period, which amounted to SEK 50 million (166) was mainly attributable

which SEK –6 million (–1) to non-controlling interests and a change in ownership in partly owned subsidiaries of SEK –11 million (–16) in connection with the exercise of call options. Cash flow for the comparative period was also impacted by sales of own shares in connection with acquisitions of SEK 2 million. The Group’s financial net loan liability at the end of the reporting period was SEK 753 million, compared with SEK 571 million at the beginning of the year. At the end of the period, the Group’s operational net loan liability amounted

beginning of the financial year. The difference is largely attributable to cash flow from operating activities, dividends paid and acquisitions during the period. Cash and cash equivalents, including unutilised granted credit

corresponds to the company's revolving facility of SEK 1,000 million with a maturity until 31 December 2028 with

consists of a credit facility totalling SEK 300 million with a maturity of one year (to be extended during the first quarter). Of the company’s revolving facility and

million , respectively, were unutilised at the end of the reporting period. In addition, the Group had available funds outside existing credit facilities of SEK 77 million. At the end of the reporting period, the Group had met all financial obligations to lenders. The equity/assets ratio at the end of the reporting period was 32 per cent (29). Equity per share totalled SEK 16.90 at the end of the reporting period, compared with SEK 16.35 at the beginning of the year. The balance sheet total at the end of the reporting

for a large part of the change during the year, and the acquired assets and liabilities are presented in Note 4.

Equity/assets ratio

Available cash and cash equivalents, SEK million

EBITA/WC (R12 per quarter)

Q1

Ebita/Wc

During the period, the implementation of the credit facility via DNB and the associated cash pool (previously with Handelsbanken) was initiated but not yet fully implemented for all subsidiaries. The combined net position, comprising both DNB and Handelsbanken, amounted to SEK –178 million.

Momentum Group | Interim report Q2 2026 9

 Acquisitions Momentum Group is a long-term owner with no exit horizon, and acquisitions are a central part of our business model. We grow by continuously

far this year Momentum Group has acquired six companies, with a combined annual revenue of approximately SEK 230 million. These acquisitions further strengthen Momentum Group’s position as a specialist company for customers in industry and industrial infrastructure and had a marginal positive impact on Momentum Group’s earnings per share during the period.

Höglandets Kompressorservice

In February, AB Höglandets Kompressorservice, a

specialist in compressor technology for industrial customers in Sweden, was acquired.

Actuated Solutions

In April, Actuated Solutions Limited, an established

valve automation specialist in the UK, was acquired.

Limo

In May, Limo Linatex Molystria AB, a specialist in

motion control and energy-absorbing industrial components for industrial customers, was acquired.

Ceon

In May, the subsidiary BPS acquired Ceon AB, a

specialist in valves and actuators with a focus on the marine sector in the Nordic region.

IntentiusGruppen

In June, IntentiusGruppen (Intentius

Industrikomponenter AB and Tryggve Olson

Normdetaljer AB), a specialist in advanced machining

and industrial components for Swedish industry, was acquired.

For acquisition analyses and other disclosures about

the acquisitions closed during the reporting period, refer to Note 4. Closing dates and acquired holdings are presented in the table.

Hörlings Ventilteknik AB, SE 1

Acquisitions during 2026

Refers to information for the full year on the date of acquisition.

option and Momentum Group has a call option. The price of the options is dependent on certain results being achieved in the companies.

Consists of the companies Intentius Industrikomponenter AB and

Tryggve Olson Normdetaljer AB.

Momentum Group | Interim report Q2 2026 10

 Other

Parent Company for the period January –June 2026

The Parent Company’s revenue for the reporting period amounted to SEK 12 million (11) and the loss after financial

Employees

At the end of the reporting period, the number of employees in the Group amounted to 964 compared with 907 at the beginning of the year.

The share

Momentum Group’s Class B share (ticker MMGR B) has

been listed on Nasdaq Stockholm since 31 March 2022.

On 7 May 2026, the Board decided, with the

authorisation of the Annual General Meeting, to establish a repurchase programme to adapt the capital structure, to enable future acquisitions of businesses or operations to

of shares in connection with outstanding incentiveprograms. The decision applies to repurchases of a maximum of 10 per cent of the number of Class B shares outstanding until the 2027 Annual General Meeting. As of 30 June 2026, the holding of Class B treasury shares totalled 1,0 44,259 shares, corresponding to approximately 2 per cent of the total number of shares. At the end of the period, the share capital amounted to SEK 25.2 million. The distribution by class of share was as follows:

Long-term incentive program

The Annual General Meeting in May 2026 resolved to

implement a long-term incentive program ("LTIP 2026") aimed at senior executives. The program, which is based

Class B shares may be issued, which corresponds to approximately 0.2 per cent of all shares and votes in

Momentum Group, before any recalculations. Allotment of

performance shares is based on a number of different performance criteria, including the development of the

has the two outstanding long-term incentive programs ("LTIP 2024" and "LTIP 2025"). Read more at momentum.group.

Election Committee ahead of the 2027 AGM

The Annual General Meeting on 7 May 2026 resolved that

the Election Committee ahead of the 2027 Annual

General Meeting will consist of Peter Hofvenstam

(nominated by Nordstjernan), Stefan Hedelius (nominated by Tom Hedelius), Emerson Moore (nominated by

Ampfield Management) and Claes Murander (nominated

by Lannebo Fonder), with Peter Hofvenstam as the

Election Committee’s Chairman.

Class of share

Total number of shares before repurchasing 50,480,889

Total number of shares after repurchasing 49,436,630

Momentum Group | Interim report Q2 2026 11

 Other

Transactions with related parties

No transactions having a material impact on the Group’s position or earnings occurred between Momentum Group and its related parties during the reporting period. The related-party transactions in place pertain primarily to lease expenses in acquired companies. These leases have been entered into on market terms. The remuneration of senior executives follows the guidelines established by the General Meeting.

Risks and uncertainties

Momentum Group’s earnings, financial position and

strategic position are impacted by a number of factors that are within the control of Momentum Group as well as a number of external factors. The most important external risk factors for Momentum Group are the economic and market situation for the industrial sector. Other risks include the competitive situation in the Group’s markets and the significance of efficient logistics with high accessibility, in which the accessibility of the Group’s logistics centres are important for certain flows of goods, as well as a dependence on identifying and developing relationships with qualified suppliers. The Group’s opportunities and risks also include the completion of acquisitions and related capital requirements and the intangible surplus value that this can result in. Cyberrelated risks are also considered important. The future trend in the market and in demand may be impacted by the challenging security situation. Delivery times and the availability of components as well as rising prices, interest rates and inflation could also impact market conditions. The Parent Company is impacted indirectly by the above risks and uncertainties through its function in the Group.

Events after the end of the period

No significant events have occurred after the end of the period.

This report has not been reviewed by the Company’s auditors.

Board of Directors

The Board of Directors and the President & CEO affirm

that this interim report provides a true and fair overview of the operations, position and earnings of the Company and the Group, and that it describes the material risks and uncertainties to which the Company and the Group are exposed.

Stockholm, 17 July 2026

Dates for forthcoming financial

information 23 October 2026

Interim report third quarter 2026

12 February 2027

Year-end report 2026

Contact information

Ulf Lilius, President & CEO

ulf.lilius@momentum.group

Tel: +46 70 358 29 31

Niklas Enmark, CFO

niklas.enmark@momentum.group

Tel: +46 70 393 66 73

This information is such that Momentum

Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set

Visit momentum.group to subscribe for reports and press releases.

Johan Sjö

Chairman of

the Board

Lars Fredin

Board member

Stefan Hedelius

Board member

Jimmy Renström

Board member

Gunilla Spongh

Board member

Ulf Lilius

President &

Ceo

Momentum Group | Interim report Q2 2026 12

 Consolidated financial statements

Group

Condensed income statement

Condensed statement of comprehensive income

Depreciation, amortisation, impairment losses and reversal of impairment losses

Of which attributable to:

Earnings per share (SEK)

Other comprehensive income for

the period

Components that will not be

reclassified to net profit

Total components that will not be

reclassified to net profit

Components that will be

reclassified to net profit

Fair value changes for the year in

cash-flow hedges

Tax attributable to components that

were or can be reclassified to net profit

Total components that will be

reclassified to net profit

Other comprehensive income for

the period

Comprehensive income for the

period

Of which attributable to:

 Consolidated financial statements

Condensed balance sheet

Assets

Non-current assets

Current assets

Equity And Liabilities

Equity

Equity attributable to Parent Company

shareholders

Non-current liabilities

Other non-current liabilities and provisions 259 287 251

Current liabilities

 Consolidated financial statements

Statement of changes in equity

earnings incl. profit for the year Total equity, parent comp. shareholders

Non-controlling

interests

Total equity

Changes in ownership in part-owned subsidiaries

Msek

Dividends paid in partly owned subsidiaries

Option liability, acquisitions²

Dividends paid in partly owned subsidiaries

Changes in ownership in part-owned subsidiaries

Dividends paid in partly owned subsidiaries

Changes in ownership in part-owned subsidiaries

Operating activities

Cash flow from operating activities

before changes in working capital

Cash flow from operating

activities

Investing activities

Purchase of intangible and tangible

non-current assets

Acquisition of subsidiaries and

other business units Cash flow from investing activities-156 -105 -190 -242 -204 -256 Cash flow before financing -48 -45 -25 -90 156 91

Financing activities

Cash and cash equivalents at the

beginning of the period

Exchange-rate differences in cash

and cash equivalents

Cash and cash equivalents at

period-end

Pertains to the transfer of 9,507 own Class B shares in conjunction with the acquisition of Avoma AB.

Håland Instrumentering AS and TTP Seals AS which entail that the shareholders are entitled to sell their shares to Momentum Group. The price of the options is dependent on certain results being achieved in the companies and

the acquisitions of partially owned subsidiaries. Pertains to the value of put options in relation to non-controlling interests in the acquired subsidiaries AB

Momentum Group. The price of the options is dependent on certain results being achieved in the companies and may be extended from 2029 by one year at a time.

Momentum Group | Interim report Q2 2026 15

 Parent Company financial statements

Parent Company

Condensed income statement

Condensed balance sheet

Financial income and

expenses

Assets

Equity, Provisions And Liabilities

The Parent Company has its own internal bank function tasked with coordinating the Group’s financial activities and ensuring that systems are available for efficient cash management. To support this, the Parent Company is the holder of the Group’s cash pool and the Parent Company’s current receivables and liabilities essentially comprise the subsidiaries’ utilisation of credit facilities and the subsidiaries’

SEK 156 million (75), which was settled during the first quarter 2026. In December 2025, the Parent Company received a group contribution of SEK 156 million (75), that is recognised in the line item appropriations.

Momentum Group | Interim report Q2 2026 16

 Notes

1. Accounting policies

The Interim Report for the Group was prepared in accordance with IAS 34 Interim Financial Reporting and applicable parts of the Swedish Annual Accounts Act and, for the Q2 report, also the Swedish Securities Market Act. In addition to the financial statements and associated notes, other disclosures in accordance with IAS 34.16A are also presented in other parts of the report. The Interim Report for the Parent Company was prepared in accordance with the Swedish Annual Accounts Act and for the Q2

detailed in RFR 2 Accounting for Legal Entities. The same accounting policies and bases of judgement as in the annual report for 2025 have been applied. IASB has issued additions and amendments to standards that will take effect for the Group on or after 1 January 2026. These additions and amendments are deemed not to be material for the consolidated financial statement.

Parent Company accounting policies

The Parent Company applies the Swedish Annual Accounts Act (1995:1554) and recommendation RFR 2 Accounting for Legal Entities issued by the Swedish Financial Reporting Board. RFR 2 stipulates that the Parent Company, in the annual accounts for the legal entity, is to apply all IFRS and statements adopted by the EU to the greatest extent possible within the framework of the Swedish Annual Accounts Act and with due consideration given to the relationship between accounting and taxation. The recommendation states which exceptions/additions should be made from/to IFRS. Combined, this results in differences between the Group’s and the Parent Company’s accounting policies in the primary areas of subsidiaries, leased assets, taxes, Group contributions and shareholder contributions.

1. Financial instruments

Momentum Group measures financial instruments at fair value or amortised cost in the balance sheet depending on their classification. In addition to items in financial net debt, financial instruments also include accounts receivable and accounts payable. The carrying amount of all of the Group’s financial assets is deemed to be a reasonable approximation of their fair value. Assets and liabilities measured at fair value comprise hedging instruments for which fair value is based on observable market data and which are therefore included in level 2 according to IFRS 13 and liabilities for contingent purchase considerations that are measured using discounted cash flow and which are thus included in level 3.

Financial assets measured at fair value

Financial assets measured at amortised cost

Financial liabilities measured at fair value

Financial liabilities measured at amortised cost

Deferred payment acquired business, noninterest bearing

 Notes

1. Operating segments and information on income

The Group's operating segments consist of the Industry and Infrastructure business areas. The operating segments are consolidations of the operating organisation, as used by the Group management and

Board of Directors to monitor operations. Group

management, comprising the CEO and CFO, are the Group’s chief operating decision makers. Industry consists of businesses that offer components and related services primarily to aftermarket customers and OEMs in the industrial sector. Infrastructure consists of businesses offering products, services and solutions to customers in industrial infrastructure that are critical to a functioning society. Group- wide includes the Group’s management, finance and support functions. The support functions include internal communications, investor relations, M&A and legal affairs. Financial items and taxes are not distributed by operating segment but recognised in their entirety in Group-wide.

Intra-Group pricing between the operating segments

occurs on market terms. The accounting policies are the same as those applied in the consolidated financial statements. Revenue presented for the geographic markets below is based on the domicile of the customers.

MSEK Industry

Infrastructure Group-wide

Eliminations

Group

total

Revenue

From external customers per country

Revenue

From external customers by class of

revenue

Amortisation of intangible assets in

connection with corporate acquisitions

Jan-Jun 2026

MSEK Industry

Infrastructure Group-wide

Eliminations

Group

total

Revenue

From external customers per country

Revenue

From external customers by class of

revenue

Amortisation of intangible assets in

connection with corporate acquisitions

Jan-Jun 2025

 Notes

1. Acquisitions

The acquisitions are described on page 9.

acquisition costs. Acquisition costs totalling approximately SEK 1 million were recognised in the item other operating expenses. In accordance with the preliminary acquisition analysis presented below, SEK 95 million of the purchase consideration

The allocation to customer relationships is based on the discounted value of future cash flows attributable to each asset class, where an assessment was conducted that included margin, tied-up capital and turnover rate of the customer base, among other things. Goodwill on the acquisition date refers to the amount by which the cost of the acquired net assets exceeds their fair value. Goodwill is motivated by the anticipated future sales performance and profitability as well as the fact that the subsidiaries’ position in their current markets is expected to be strengthened. The fact that the acquisition analysis is considered to be preliminary is mainly due to the fact that only a short period of time has elapsed since the acquisitions were completed. Impact on the Group's cash and cash equivalents In addition to the acquisitions completed during the reporting period, cash flow from the acquisition of subsidiaries has also been affected by the settlement of deferred payments of SEK 12 million.

Msek

Fair value

recognised in the Group

Acquired assets:

Acquired provisions and liabilities:

Of recognised goodwill of SEK 95 million, non is expected to be tax deductible. Non-controlling interest is calculated as the proportional share of the identified net assets. Contingent purchase considerations is recognised at a value corresponding to some 64 per cent in average of a maximum outcome. The outcome of the contingent purchase considerations will be determined continuously during 2026-2028 and is dependent on the earnings of the acquired subsidiaries. The potential undiscounted amount to be paid amounts to approximately SEK 30 million. The deferred payment will be settled in 2027 and 2028.

Momentum Group | Interim report Q2 2026 19

 Performance measures Momentum Group uses certain financial performance measures in its analysis of the operations and their performance that are not defined in accordance with IFRS. Momentum Group believes that these alternative performance measures provide valuable information for the company’s Board of Directors, owners and investors, since they enable a more accurate assessment of current trends and the company’s performance when combined with other performance measures calculated in accordance with IFRS. Since not all listed companies calculate these financial performance measures in the same way, there is no guarantee that the information is comparable with other companies’ performance measures of the same name. Hence, these financial performance measures must not be viewed as a replacement for those measures calculated in accordance with IFRS.

IFRS performance measures

IFRS performance measures per

share (SEK) Earnings per share before dilution 1.30 1.05 2.05 1.90 3.95 3.60 Earnings per share after dilution 1.30 1.05 2.05 1.90 3.95 3.60

Other performance measures per

share

Equity per share before dilution, at

the end of the period

Equity per share after dilution, at

the end of the period

Number of shares (thousands of

shares) Number of shares before dilution49,437 49,437 49,437 49,437 49,437 49,437

Weighted number of shares before

dilution 49,437 49,437 49,437 49,433 49,437 49,430

Weighted number of shares after

dilution 49,437 49,437 49,437 49,433 49,437 49,430

Other performance measure

Share price, SEK 113.60 161.20

Jan-Jun Q2

No. of employees at the end of the period

R12 Jun

Alternative Performance

Measures

Income statement-based

performance measures

of which: Items affecting comparability of which: Amortisation of intangible non-current assets in connection with acquisitions

Profit after financial items 90 70 140 126 266 241

Performance measures on financial position

Return on working capital (EBITA/WC)

Equity attributable to Parent Company shareholders

Operational net loan liability/receivable +/-

Profitability performance measures

R12 Jun

 Performance measures Definitions of alternative performance measures and their purpose

Operating profit

Profit before financial items and tax. Used to present the Group’s earnings before interest and tax.

Items affecting comparability

Items affecting comparability include revenue and expenses that do not arise regularly in the operating activities. The separate disclosure of items affecting comparability clarifies the development of operational activities.

Ebita

Operating profit adjusted for items affecting comparability and before any impairment of goodwill and amortisation and impairment of other intangible assets arising in connection with acquisitions and equivalent transactions. Used to present the

Group’s earnings generated from operating activities.

Operating margin, %

Operating profit relative to revenue. Used to measure the Group’s earnings generated before interest and tax and provides an understanding of the earnings performance over time. Specifies the percentage of revenue remaining to cover interest payments and tax and to provide profit after the Group’s expenses have been paid.

EBITA margin, %

EBITA as a percentage of revenue. Used to measure the Group’s earnings generated before interest and tax and provides an understanding of the earnings performance over time. The EBITA margin based on revenue from both external and internal customers is presented per business area (operating segment).

Profit margin, %

Profit after financial items as a percentage of revenue. Used to assess the Group’s earnings generated before tax and presents the share of revenue that the Group may retain in earnings before tax.

Return on working capital (EBITA/WC), %

EBITA for the most recent 12-month period divided by average working capital measured as total working capital (accounts receivable and inventories less accounts payable) at the end of each month for the most recent 12-month period and the opening balance at the start of the period divided by 13. The Group’s internal profitability target, which encourages high EBITA and low tied-up capital. Used to analyse profitability in the Group and its various operations

Return on capital employed, %

Operating profit plus financial income for the most recent 12- month period divided by average capital employed measured as the balance- sheet total less non-interest-bearing liabilities and provisions at the end of the most recent four quarters and the opening balance at the start of the period divided by five. Presented to show the Group’s return on its externally financed capital and equity, meaning independent of its financing.

Return on equity, %

Net profit for the most recent 12-month period divided by average equity measured as total equity attributable to Parent Company shareholders at the end of the most recent four quarters and the opening balance at the start of the period divided by five. Used to measure the return generated on the capital invested by the Parent Company’s shareholders.

Financial net loan liability

Financial net loan liability measured as non-current interestbearing liabilities and current interest-bearing liabilities, less cash and cash equivalents at the end of the period. Used to monitor the debt trend and analyse the Group’s total indebtedness including lease liabilities. Operational net loan liability / Net loan receivable Operational net loan liability measured as non-current interestbearing liabilities and current interest-bearing liabilities excluding lease liabilities less cash and cash equivalents at the end of the

total indebtedness excluding lease liabilities.

Equity/assets ratio, %

Equity attributable to Parent Company shareholders as a

Used to analyse the financial risk in the Group and show how much of the Group’s assets are financed by equity.

Change in revenue for comparable units

Comparable units refer to sales in local currency from units that were part of the Group during the current period and the entire corresponding period in the preceding year. Trading days refer to the effect on sales in local currency depending on the difference in the number of trading days compared with the comparative period. Other units refer to the acquisition or divestment of units during the corresponding period. Used to analyse the underlying sales growth driven by changes in volume, the product and service offering, and the price for similar products and services across different periods. Refer to the reconciliation table on page 4.

 Performance measures

Derivation of alternative performance measures

Amortisation of intangible noncurrent assets in connection with corporate acquisitions

Items affecting comparability

Total items affecting

comparability

Operating margin

EBITA margin

Profit margin

Profit after financial items 90 70 140 126 266 241

Ebita/Wc

Total average operating assets

Average working capital (WC)

Financial income 3 5

Return on equity

Financial net loan liability

Non-current interest-bearing

liabilities

Equity/assets ratio

Return on capital employed

Average non-interest-bearing non-current liabilities

Average non-interest-bearing current liabilities

Average capital employed

Total operating profit + financial income

Average equity attributable to parent company

shareholders

Profit for the period attributable to the Parent Company

shareholders

Return on capital employed

Equity attributable to the Parent Company shareholders

Operational net loan liability/receivable +/- Operational net loan liability/receivable +/-

R12 Jun

Pertains to balance-sheet items, and performance measures related to financial position pertain to the closing balance for each year.

 Performance measures

Historical financial information

R12

Pertains to balance-sheet items, and performance measures related to financial position pertain to the closing balance for each year.

We develop and acquire successful, sustainable companies

Momentum Group is a leading listed industrial group currently comprising approximately 40 companies that offer sustainable products, services and solutions for

governance of a 100-year-old industrial corporate culture with clear goals for sustainable development and long-term profitability at our companies.

Mission

Together for a

sustainable industry

We aim to contribute to a more

sustainable industry through efficient resource management, safer work environments and environmentally friendly solutions. Together with our customers and business partners, we help reduce environmental impact, meet sustainability targets and ensure long-term sustainable development for people as well as for the environment.

Business concept

We will make the

everyday lives of our customers easier, safer and more profitable by offering sustainable solutions

By offering sustainable, high-quality

products and services, we help our customers improve their profitability, enhance the efficiency of their operations and create a safer and more sustainable work environment throughout their entire life cycle.

Vision

The customer’s

best sustainable choice Our ambition is to be the first choice for customers looking for sustainable, high-quality solutions. By combining a deep understanding of the customer’s needs with premium products, high levels of expertise and competitive offerings, we create long-term sustainable and profitable operations that meet the demands of tomorrow.

Power Transmission

Market-leading supplier of industrial components and

services, with a focus on industrial improvements for the aftermarket. Offers local access to products, know-how from leading manufacturers, customised training programmes and effective logistics solutions.

Specialist

Leading position in niche product areas, such as hydraulics, pneumatics and automation. The companies offer sales, maintenance and custom manufacturing of technical components and systems, primarily to aftermarket customers and OEMs.

Revenue, MSEK

EBITA margin

EBITA growth

Flow Technology

Delivers solutions for mechanical flows and fluid handling throughout the value chain. Focus on critical functions within industrial processes and critical social infrastructure, where media such as steam, gas and water play a key role.

Technical Solutions

Offers solutions that control and enhance the efficiency of plant operation, while also extending the service life and improving the efficiency of machinery. Sell products and services in repairs, renovation, measuring and monitoring, primarily to industrial and infrastructure customers.

Profitability EBITA/WC

Employees

Our focus as

an active owner

We develop

Business development

through active and eternal ownership.

We acquire

Growth through

acquisitions of profitable and sustainable companies.

We build culture

Decentralised

responsibility and continuous employee development.