Slide 1: Consti Plc Interim Report 1 January – 30 September 2025
CONSTI PLC INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2025 CEO Esa Korkeela CFO Anders Löfman
Slide 2: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 1 24 October 2025 Consti Plc / Interim Report 1-9/2025
Slide 3: Highlights of Q3/2025 and 1–9/2025
Highlights of Q3/2025 and 1–9/2025 Net sales grew, operating result at a reasonable level NET SALES: EBIT: FREE CASH FLOW: EUR 90.8m EUR EUR 3.1m EUR EUR 3.4m EUR Q3/2025 +6.8m Q3/2025 -1.1m Q3/2025 +3.5m EUR +4.8m 1–9/2025 EUR -0.2m 1–9/2025 EUR +1.7m 1–9/2025 EUR 241.2m EUR 5.5m EUR 5.9m EUR EUR N
Slide 4: Quarterly performance overview
Quarterly performance overview Q3 net sales grew by 5.6% whereas order intake and order backlog decreased year-on-year QUARTERLY NET SALES (EUR m) QUARTERLY ORDER INTAKE (EUR m) QUARTERLY ORDER BACKLOG (EUR m) FY’23 NET FY’24 NET FY’23 ORD. FY’24 ORD. SALES: SALES: INTAKE: INTAKE: EUR 320.6m EUR 326
Slide 5: Quarterly net sales development
Quarterly net sales development Q3 net sales grew by 5.6% driven by strong growth in Housing Companies business area (20.9%) Quarterly net sales development Q1/2023 – Q3/2025 (EUR m) Comments 115 ■ Q3/2025 net sales EUR 90.8m (86.0m) – Year-on-year growth 5.6% 89,9 92,3 – Net sales grew strongly in
Slide 6: Quarterly EBIT development
Quarterly EBIT development Operating result at a reasonable level Quarterly EBIT development Q1/2023 – Q3/2025 (EUR m) Comments ■ Q3/2025 EBIT amounted to EUR 3.1 (3.4) million, FY’23 EBIT: FY’24 EBIT: EUR 12.3m EUR 10.2m or 3.5% (3.9%) of net sales 8 8% ■ 1–9/2025 EBIT amounted to EUR 5.5 (6.6) mil
Slide 7: Quarterly order intake development
Quarterly order intake development Q3/2025 order intake EUR 41.2 million (64.8m), 1–9 2025 at a good level (up 7.6% y-o-y) Quarterly order intake development Q1/2023 – Q3/2025 (EUR m) Comments ■ Q3/2025 order intake EUR 41.2m (64.8m) 106,5 – Year-on-year change -36.4% 100 – Active, yet disciplined,
Slide 8: Quarterly order backlog development
Quarterly order backlog development Q3/2025 order backlog at a good level (EUR 239.9 million) despite a 4.2% decline y-o-y Quarterly order backlog development Q1/2023 – Q3/2025 (EUR m) Comments 350 ■ Q3/2025 order backlog at EUR 239.9m (250.4m) – Year-on-year change -4.2% 300 – Approximately the sam
Slide 9: Number of personnel and other HR KPIs
Number of personnel and other HR KPIs Consti employed 1,017 (1,054) professionals at quarter-end Average number of personnel Permanent personnel turnover ratio Accident rate / LTIFR Average absence rate (%) 2020 – Q3/2025 (% of employees leaving) (accidents per million hours worked) White-collar Blu
Slide 10: Contents: Cash flow and financial position
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 9 24 October 2025 Consti Plc / Interim Report 1-9/2025
Slide 11: Quarterly free cash flow development
Quarterly free cash flow development Q3/2025 free cash flow EUR 3.4 million (1.7m), a clear improvement year-on-year Quarterly free cash flow1) and EBITDA Q1/2023 – Q3/2025 (EUR m) Comments ■ Q3/2025 free cash flow EUR 3.4m (1.7m) 25 – EBITDA amounted to EUR 4.0m (4.4m) – Cash flow impact from chang
Slide 12: Quarterly net working capital development
Quarterly net working capital development Net working capital at EUR -10.1 million at the end of Q3/2025 Quarterly net working capital1) Q1/2023 – Q3/2025 (EUR m) Comments Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 ■ Net working capital EUR -10.1m (-10.8m) at the end 0 of Q3/2
Slide 13: Quarterly balance sheet structure
Quarterly balance sheet structure Strong financial position at the quarter-end Quarterly net debt development (EUR m) Quarterly equity ratio and gearing development Comments Q1/2023 – Q3/2025 Q1/2023 – Q3/2025 20 ■ Q3/2025 net debt at EUR 1.7m (3.1m), 100% of which EUR 2.9m (3.8m) attributable to IF
Slide 14: Reported ROI and Consti ROCE
Reported ROI1) and Consti ROCE2) Return on capital continues to be on a good level Reported ROI1) and Consti ROCE2) Q4/2020 – Q3/2025 (%) Comments ■ In financial years 2020–2024, Consti’s return on 35,3 % 40% capital employed has exceeded 20% 33,0 % 31,6 % 30,8 % 30,0 % 35% 29,3 % ■ Q3/2025 Consti R
Slide 15: Contents: Market outlook, guidance and summary
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 14 24 October 2025 Consti Plc / Interim Report 1-9/2025
Slide 16: Economic sentiment and construction confidence indicators improving
Economic sentiment and construction confidence indicators improving based on EU data Economic Sentiment and Construction Confidence / Finland (2007 – 9/2025) Comments 150 Economic Sentiment Indicator – Economic Sentiment Indicator (ESI) 140 Construction Confidence Indicator shows an uptick in Q3/202
Slide 17: Estimates for construction market growth have been lowered for 2025
Estimates for construction market growth have been lowered for 2025, recovery of the market is slower than expected Finnish new building and renovation market development 2008–2027 (Euroconstruct) Comments EUR b Renovation volume (real) New building volume (real) ■ The Confederation of Finnish Const
Slide 18: Net sales development of the Finnish largest renovation players 2020-2024
Net sales development of the Finnish largest renovation players 2020-2024 Consti continues to be the largest renovation player in Finland Net sales development of the Finnish largest renovation players 2020-2024 (MEUR) 300 250 Annual renovation sales in Finland, MEUR 200 150 100 50 0 Consti Remount
Slide 19: Outlook and guidance for 2025
Outlook and guidance for 2025 Market outlook (updated) ■ The Confederation of Finnish Construction Industries RT estimates that the Finnish construction market is expected to grow by 0.8 percent in 2025 compared with the previous year. New residential construction is expected to increase by 1.0 perc
Slide 20: Summary
Summary 1. Net sales grew, operating result at a reasonable level In the third quarter, projects progressed largely as planned, and profitability from project business was in line 2. with expectations Operating result was negatively impacted by the prolonged downturn in construction, allocation of r
Slide 21: Contents: Appendix
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Market outlook, guidance and summary 4. Appendix 20 24 October 2025 Consti Plc / Interim Report 1-9/2025
Slide 22: Consti's strategic focus areas
To realise its vision and goals, Consti has defined the following strategic focus areas: •1 Growth in construction Profitable development of current business, expansion in the construction value chain, capitalising on attractive opportunities in new construction, strengthening special expertise •2
Slide 23: Consti as an investment – Key investment highlights
Consti as an investment – Key investment highlights ■ Stable profitability ■ Aging building stock driving need-based renovation ■ Solid platform for growth ■ Climate change and energy efficiency requirements ■ Asset-light business model with negative working Financial ■ Urbanisation and changes in w
Slide 24: Interim Report 1-9/2025 Consti Plc
INTERIM REPORT 1-9/2025 CONSTI PLC Q3 CONSTI PLC VALIMOTIE 16 FI-00380, HELSINKI BUSINESS ID 2203605-05 WWW.CONSTI.FI 23 24 October 2025 Consti Plc / Interim Report 1-9/2025