Interim Report Q3 2026

Momentum Group

Interim report

January–September 2026

→ Summary Robust earnings growth in a gradually improving market

The Group reported increased revenue, higher

earnings and strong cash flow during the third quarter, driven primarily by a positive performance in the Industry business area, with organic growth and earnings improvements as well as significant contributions from acquired businesses in both business areas. The organic sales trend was marginally positive overall, with a good performance in the Swedish market.

The quarter was also characterised by

improved margins and a continued focus on cost control and streamlining. To date this year, Momentum Group has completed seven acquisitions, with combined annual revenue of approximately SEK 260 million.

Third quarter 2026

• Revenue increased by 8% SEK 805 million (746). For comparable units, sales increased slightly. • Operating profit increased by 15% to SEK 93 million (81), corresponding to an operating margin of 11.6% • EBITA increased by 15% to SEK 109 million (95), corresponding to an EBITA margin of 13.5% (12.7). • Profit for the quarter amounted to SEK 67 million (56), corresponding to earnings per share of SEK 1.30 (1.10).

January–September 2026

• Revenue increased by 5% to SEK 2,427 million (2,305), of which –2% for comparable units.

• Operating profit increased by 12% to SEK 246 million (220), corresponding to an operating margin of 10.1% (9.5), where the previous year was affected by nonrecurring items of SEK –3 million. • EBITA increased by 11% to SEK 292 million (263), corresponding to an EBITA margin of 12.0% (11.4). • Profit for the period amounted to SEK 175 million (154), corresponding to earnings per share of SEK 3.35 • The return on working capital (EBITA/WC) was 59% (58). • The equity/assets ratio was 36% (32) at the end of the period. • As of 30 September 2026, the number of repurchased shares of series B amounted to 1,044,259. • During the first quarter, Höglandets Kompressorservice was acquired. During the second quarter Actuated

Solutions, Limo, Ceon and IntentiusGruppen (Intentius

Industrikomponenter and Tryggve Olson Normdetaljer)

were acquired.

Events after the end of the period

• After the end of the quarter Polymore, a specialist in polymer dosing equipment with a focus on water and wastewater treatment, was acquired. • As of 1 January 2027, the business will be divided into three business areas: Power Transmission, Industrial

Solutions and Process Technology. For more

information, refer to the separate press release.

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 We are strengthening our model for continued profitable growth The business climate in our core markets in the Nordic countries continued to improve during the third quarter of the year with increased demand, primarily in Sweden. The Group reported higher revenue and earnings as well as strong cash flow, supported by a slight improvement in underlying sales, higher gross margins and significant contributions from acquired businesses. At the same time, we are now taking the next step in our development with a new Group structure and a further refined Momentum model that strengthens the opportunies for continued profitable growth and for reaching our goal of once again doubling our earnings from SEK 340 million to SEK 680 million by the end of 2030.

Market and earnings performance

The market conditions improved overall, with variations

between different customer segments and geographic markets. Above all, we noted increased demand in Sweden, with positive trends in the mining industry and a gradual improvement in the automotive industry. The service operations also performed well, while activity levels in the paper and pulp sector remained low. The Danish market continued to be dominated by weak demand.

The slight improvement in underlying sales, combined

with higher gross margins and a continued broad focus on cost control and streamlining, enabled higher earnings and improved margins. Acquired businesses also contributed positively to both revenue and earnings. 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.

New Group structure for profitable growth

Momentum Group has grown significantly in recent years, and our organisation and work methods must also develop as the Group expands and diversifies. That is why, as an important step in Momentum Group 3.0, we are introducing a new Group structure starting on 1 January 2027, with the current two business areas and four business units being replaced with three business areas: Power Transmission, Industrial Solutions, and

Process Technology.

This new structure creates better conditions for business development, acquisitions and operational improvements through clearer responsibilities, more efficient business support and resource allocation. These business areas will have more distinct roles as active owners tasked with supporting, challenging and developing their companies. At the same time, the companies will retain full responsibility for their customers, markets and earnings. We will thereby strengthen our active ownership without compromising on the strong decentralisation and entrepreneurship that are the foundation of our business model. From dual engine to four mutually reinforcing engines In parallel, we are continuing to develop the Momentum model, built around four mutually reinforcing engines: the company building engine, the entrepreneurship engine, the acquisitions engine and the capital engine. Combined, these engines enhance our capacity to systematically develop companies and business leaders, complete successful acquisitions and invest capital where it will generate the greatest long-term value. Using clear principles, shared approaches and a continual exchange of experiences, we will build structural capital and a more scalable platform for profitable growth while maintaining decentralised responsibility for earnings.

Outlook

Market conditions remain somewhat challenging, but we

are seeing a gradual improvement in demand in a growing number of customer segments. Our companies remain focused on the areas that they can influence themselves through close customer relationships, cost control, streamlining and active marketing efforts. Our goal remains the same: to once again double our EBITA by the end of 2030. With our refined business model, strong cash flow and a controlled balance sheet, we are well positioned to continue to develop our companies and complete value-generating acquisitions and investments that over time will enable higher profit and increased earnings per share.

Stockholm, October 2026

Ulf Lilius, President & CEO

→ Group financial development

Sales performance

Comments on the market

Overall, the business climate in the Group’s core markets in the Nordic countries developed positively during the quarter. Above all, demand in Sweden increased in a growing number of customer segments. Service sales also performed well, with good capacity utilisation, primarily due to scheduled maintenance stops. Activity levels in paper and pulp remained low, and a broad focus on costs among these customers led to postponed service work and lower product sales. Both business areas in the Danish market delivered a weak performance, mainly due to lower project sales following the completion of a number of major projects during the third quarter of last year. Demand in Finland and Norway was stable. However, revenue in Norway was negatively impacted during the quarter by certain delays in product deliveries. The business climate has gradually improved during the year, but as in previous quarters, differences between customer segments continued to be seen. The performance in the mining industry was positive and a gradual improvement was noted in the automotive industry, while paper and pulp remained sluggish. Signs of a cautious recovery in project sales were also noted. Purchase prices for some product types continued to rise, in part due to the situation in the Middle East. The

Group’s companies maintained a good delivery capacity

and price discipline, with generally improved gross margins. The market climate for Nordic industry – and thus many of the Group’s customers – gradually improved. At the same time, uncertainties persist both globally and in our local markets, and customers are expected to continue to display a certain degree of caution. The Group’s companies are responding to this trend by maintaining their focus on cost control, streamlining, price adjustments and efforts to promote sales. 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 third quarter of 2026

Sales for comparable units were slightly positive during the quarter. In the Industry business area sales for comparable units increased by 5 per cent, primarily driven by strong performance in Sweden and increased demand from the engineering industry. In Infrastructure corresponding sales decreased by 4 per cent, impacted by slightly weaker performance in Norway and Denmark and continued subdued demand in certain customer segments. In total, revenue increased by 8 per cent to SEK 805 million (746), of which acquisitions contributed SEK 52 million. The quarter included 0.5 more trading days than last year, weighted by the Group’s geographical distribution.

Growth in comparable units

compared with Q3 2025 >0%

Sales performance

Revenue, SEK million

→ Group financial development

Earnings performance

Third quarter 2026

Operating profit increased by 15 per cent to SEK 93 million (81), corresponding to an operating margin of 11.6 per cent (10.9).

Operating profit was charged with amortisation of

intangible non-current assets arising from acquisitions of SEK –16 million (–14) and depreciation of other intangible non-current assets, right-of-use assets and tangible noncurrent assets of SEK –31 million (–28). No exchange-rate translation effects impacted operating profit during the quarter (0). EBITA increased by 15 per cent to SEK 109 million (95), corresponding to an EBITA margin of 13.5 per cent (12.7). Acquisitions made a positive contribution to the quarter's profit. Profit after financial items totalled SEK 86 million (72). Profit after tax totalled SEK 67 million (56), corresponding to earnings per share of SEK 1.30 (1.10) for the quarter.

January–September 2026 period

Operating profit increased by 12 per cent to SEK 246 million (220), corresponding to an operating margin of 10.1 per cent (9.5).

Operating profit was charged with amortisation of

intangible non-current assets arising from acquisitions of

SEK –46 million (–40) and depreciation of other

intangible non-current assets, right-of-use assets and tangible non-current assets of SEK –88 million (–80). Last year's operating profit was charged with costs affecting comparability of SEK –3 million. Acquisitionrelated costs impacted earnings by SEK –1 million (–5).

No exchange-rate translation effects impacted operating

profit during the period (–1). EBITA increased by 11 per cent to SEK 292 million (263), corresponding to an EBITA margin of 12.0 per cent (11.4). Profit after financial items totalled SEK 226 million (198). Profit after tax totalled SEK 175 million (154), corresponding to earnings per share of SEK 3.35 (3.00) for the period.

EBITA growth, Q3 2026

EBITA per business area, R12

EBITA and operating profit, SEK million

Momentum Group | Interim report Q3 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 Q3 2026, SEK million

Revenue per business unit, R12

Operations

Sales in Power Transmission increased overall during the

quarter, with good growth in the mining and automotive industries and a stable to positive trend in several other customer segments. The exception was paper and pulp, where demand decreased. Combined with improved gross margins, the increase in sales contributed to a positive earnings performance.

Sales in Specialist increased organically during the

quarter, with a positive performance in most companies. The Danish market continued to be characterised by low activity levels and restrained investment decisions. Earnings improved as a result of organic sales growth and continued cost control. Acquired businesses contributed revenue of SEK 23 million and had a strong impact on earnings. Financial performance in the third quarter of 2026 Revenue increased by 11 per cent to SEK 439 million (395) compared with the same quarter last year. Revenue for comparable units, measured in local currency and adjusted for the number of trading days, increased by 5 per cent. EBITA increased by 19 per cent to SEK 63 million (53) corresponding to an EBITA margin of 14.4 per cent (13.4). The business area's profitability measured as return on working capital (EBITA/WC) amounted to 67 per cent (68).

EBITA, SEK million

Momentum Group | Interim report Q3 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 focus is on secure operation, longer service life, increased efficiency and precise measurability. The business area comprises the Flow Technology and Technical Solutions business units.

Revenue Q3 2026, SEK million

Operations

In Flow Technology, sales for comparable units declined during the quarter, primarily as a result of lower volumes in Norway and continued weak demand in Denmark. The sales trend in Sweden was positive, and improvements were also noted in parts of the Finnish operations. Lower sales levels impacted earnings negatively, but were offset in part by positive effects from cost adjustments implemented in

Denmark. Acquired businesses contributed revenue of SEK

21 million and had a strong impact on earnings.

Sales in Technical Solutions improved gradually during

the quarter, partially as a result of scheduled maintenance work. Demand remained cautious in parts of the operations, primarily from customers in paper and pulp. Improved gross margins enabled a positive earnings performance. Acquired businesses contributed revenue of SEK 8 million, with a positive impact on earnings. Financial performance in the third quarter of 2026 Revenue increased by 4 per cent to SEK 373 million (358) compared with the same quarter last year. Revenue for comparable units, measured in local currency and adjusted for the number of trading days, decreased by 4 per cent. EBITA increased by 10 per cent to SEK 55 million (50), corresponding to an EBITA margin of 14.7 per cent (14.0). The business area’s profitability, measured as the return on working capital (EBITA/WC), amounted to 64 per cent (61).

Revenue per business unit, R12

EBITA, SEK million

Momentum Group | Interim report Q3 2026 8

→ Financial position

Profitability, cash flow and financial position

Profitability

The Group’s profitability, measured as the return on working capital (EBITA/WC), amounted to 59 per cent

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

equity for the same period was 24 per cent (25).

Cash flow for the period January–September 2026

Cash flow from operating activities before changes in working capital for the reporting period was SEK 290 million (256). Cash flow was impacted by paid tax of SEK –74 million (–68). In the reporting period, inventories decreased by SEK 11 million. Operating receivables increased by SEK 54 million and operating liabilities increased by SEK 16 million. Accordingly, cash flow from operating activities for the reporting period amounted to

SEK 263 million (190).

Cash flow from investing activities for the reporting period amounted to SEK –194 million (–250). Cash flow includes business combinations of SEK –169 million (–206), settlements of deferred payments regarding acquisitions of SEK –16 million (–32) and net investments in non-current assets of SEK –9 million (–12). Cash flow from financing activities for the reporting period, which amounted to SEK –73 million (129) was mainly attributable to the net change in interest-bearing liabilities of SEK 13 million (233), dividends paid of SEK –75 million (–66), of which SEK –6 million (–2) to non-controlling interests and a change in ownership in partly owned subsidiaries of SEK –11 million (–40) in connection with the exercise of call options. Cash flow for the comparative period was 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 678 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 to SEK 450 million, compared with SEK 344 million at the 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 facilities, totalled SEK 860 million. The credit granted corresponds to the company's revolving facility of SEK 1,000 million with a maturity until 31 December 2028 with the possibility of a two-year extension. The credit granted 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 committed credit facility, SEK 605 million and SEK 206 million , respectively, were unutilised at the end of the reporting period. In addition, the Group had available funds outside existing credit facilities of SEK 49 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 36 per cent (32). Equity per share totalled SEK 18.35 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 period was SEK 2,534 million, compared with SEK 2,245 million at the beginning of the year. Acquisitions account 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)

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 –94 million.

Momentum Group | Interim report Q3 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 acquiring profitable and well-managed companies that we develop further with clear ambitions for earnings growth and long-term value creation. So far this year Momentum Group has acquired seven companies, with a combined annual revenue of approximately SEK 260 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.

Polymore

In October, after the end of the quarter, Polymore AB

was acquired, which develops and manufactures polymer dosing equipment with a focus on water and wastewater treatment.

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.

Refers to information for the full year on the date of acquisition. Momentum Group initially acquired 70–80 per cent of the shares in each company. For the remaining 20–30 per cent, the sellers have a put 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 Q3 2026 10

→ Other

Parent Company for period January–September 2026

The Parent Company’s revenue for the reporting period amounted to SEK 18 million (16) and the loss after financial items totalled SEK –40 million (–32). Profit after tax for the reporting period amounted to SEK –33 million (–25).

Employees

At the end of the reporting period, the number of employees in the Group amounted to 948 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. The share price as of 30 September 2026 was SEK

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 be paid for using treasury shares, and to secure delivery 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 September 2026, the holding of Class B

treasury shares totalled 1,044,259 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 on own investment, entails that a maximum of 112,500 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 company's earnings per share. Momentum Group already has the two outstanding long-term incentive programs ("LTIP 2024" and "LTIP 2025"). Read more at momentum.group.

Election Committee and AGM

The Election Committee ahead of the 2027 Annual

General Meeting 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 Q3 2026 11

→ Other

Momentum Group's Annual General Meeting will be held

on 3 May 2027 at 4:00 p.m. in Stockholm. All AGM documents will be available at the company's head office and on momentum.group no later than three weeks prior to the AGM. The Annual Report for 2026 will be published during week 13 2027. Shareholders who wish to submit proposals to the Election Committee or wish to have a matter addressed at the AGM shall do so in writing by e-mail to: ir@momentum.group or by post to:

Momentum Group AB

Östermalmsgastan 87 E

SE-114 59 Stockholm

To ensure that any proposals received can be addressed in a constructive manner, all proposals must be received by the Election Committee or Board of Directors at least seven weeks prior to the Meeting.

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

After the end of the quarter Polymore, a specialist in polymer dosing equipment with a focus on water and wastewater treatment, was acquired. As of 1 January 2027, the business will be divided into three business areas: Power Transmission, Industrial Solutions and Process Technology. For more information, refer to the separate press release.

Stockholm, 23 October 2026

Ulf Lilius

President & CEO

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

Dates for forthcoming financial

information 12 February 2027

Year-end report 2026

28 April 2027

Interim report first quarter 2027

3 May 2027

Annual General Meeting 2027

16 July 2027

Interim report second quarter 2027

27 October 2027

Interim report third quarter 2027

11 February 2028

Year-end report 2027

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 out above, on 23

October 2026 at 07.55 (CET).

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

Momentum Group | Interim report Q3 2026 12

→ Consolidated financial statements

Group

Condensed income statement

Condensed statement of comprehensive income

→ Consolidated financial statements

Condensed balance sheet

→ Consolidated financial statements

Statement of changes in equity

Condensed cash-flow statement

Pertains to the transfer of 9,507 own Class B shares in conjunction with the acquisition of Avoma AB. Pertains to the value of put options in relation to non-controlling interests in the acquired subsidiaries 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 may be extended from 2028 and 2029 by one year at a time. Pertains to a change in the value of the put options in relation to non-controlling interests issued in conjunction with the acquisitions of partially owned subsidiaries. Pertains to the value of put options in relation to non-controlling interests in the acquired subsidiaries AB Höglandets Kompressorservice and Ceon AB 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 may be extended from 2029 by one year at a time.

Momentum Group | Interim report Q3 2026 15

→ Parent Company financial statements

Parent Company

Condensed income statement

Condensed balance sheet

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’ surplus in the cash pool. At the beginning of the year, current receivables included Group contributions of 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 Q3 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 report also the Swedish Securities Market Act, which conforms to the provisions 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.

The accounting policies for the Group and the Parent Company are published in full in the annual report for 2025.

→ 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.

→ Notes

1. Acquisitions

Momentum Group conducted 6 acquisitions with closing during the reporting period.

The acquisitions are described on page 9.

Acquisition analysis – business combinations with closing during the period The total purchase consideration for the acquisitions was SEK 203 million, excluding 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 has been allocated to goodwill and SEK 71 million to customer relationships. 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 16 million.

Of recognised goodwill of SEK 95 million, none 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 Q3 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.

→ 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 period. Used to monitor the debt trend and analyse the Group’s total indebtedness excluding lease liabilities.

Equity/assets ratio, %

Equity attributable to Parent Company shareholders as a

percentage of the balance-sheet total at the end of the period. 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

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

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 customers in industry and industrial infrastructure. We are an active and long-term owner and combine the proven acquisition model and effective corporate 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

Refers to R12 until 30 Sep 2026.

Number of employees as of 30 Sep 2026.

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.