Slide 1: Q2 2026 Results
KITRON GROUP Q2 2026 Results Resilience by design Investor presentation / July 2026 Peter Nilsson, President & CEO / Cathrin Nylander, CFO
Slide 2: A quarter that delivered
KITRON GROUP / Q2 2026 A quarter that delivered Record revenue, all five sectors growing, strong cashflow REVENUE EB IT EB IT M ARGIN €295.7m €28.3m 9.6% +72% YoY (€172.2m) +89% YoY (€15.0m) +90 bps (8.7%) ORDER B ACKLOG B OOK-TO-B I L L ORGANIC OP. CASH FLOW €794.3m 1.05 €47.1m +56% YoY / -1.5% QoQ
Slide 3: Operations & growth
KITRON GROUP / Q2 2026 Operations & growth Strong execution through a tight supply market, 2026 outlook reaffirmed 01 EXECUTION 02 SUPPLY CHAIN Operational momentum holding Tight all quarter — managed, not absorbed Customer ramp-ups progressing across all sites. CEE delivered a 14.7% EBIT margin The
Slide 4: Sector revenue
KITRON GROUP / Q2 2026 Sector revenue All five sectors grew year on year — Defence & Aerospace tripled Defence & Aerospace +234% YoY Revenue by sector (€m) Now ~50% of group revenue and 60% of order backlog. European Q2 2026 Q2 2025 rearmament, unmanned systems, missile programs, combat vehicles and
Slide 5: Backlog & forward demand
KITRON GROUP / Q2 2026 Backlog & forward demand Backlog converting into record revenue — and refilling at a 1.15x YTD book-to-bill ORDER BACKLOG BOOK-TO-BILL ORGANIC R6 DEMAND OUTLOOK D&A SHARE OF BACKLOG €794.3m 1.05x ~€609m 60% +56% YoY / -1.5% QoQ Group above 1.0x front-loaded by ~10% from 45% a
Slide 6: Q2 2026 financial highlights
KITRON GROUP / Q2 2026 Q2 2026 financial highlights Performance measures expressed in €m, prior year comparators in brackets REVENUE EBIT EBIT MARGIN EBITDA €295.7m €28.3m 9.6% €35.1m +72% (€172.2m) +89% (€15.0m) +90 bps (8.7%) +79% (€19.6m) NET INCOM E EPS OP. CASH FLOW ROOC R3 €21.4m €0.10 €47.1m
Slide 7: H1 2026 financial highlights
KITRON GROUP / Q2 2026 H1 2026 financial highlights Performance measures expressed in €m, prior year comparators in brackets REVENUE EBIT EBIT MARGIN EBITDA €568.4m €53.9m 9.5% €66.9m +69% (€336.8m) +96% (€27.5m) +130 bps (8.2%) +81% (€36.7m) NET INCOM E EPS OP. CASH FLOW ROOC R3 €41.4m €0.19 €52.1m
Slide 8: Business sectors by region
KITRON GROUP / Q2 2026 Business sectors by region Revenue, EBIT and headcount across our three operating regions REVENUE (€m) Business sectors Q2 2026 Q2 2025 Change 31.12.2025 REGIONAL VIEW Nordics & North America 131.0 96.0 +35.0 391.7 CEE: revenue +147% YoY CEE 140.2 56.7 +83.5 265.7 Now the larg
Slide 9: Organic and inorganic growth
KITRON GROUP / Q2 2026 Organic and inorganic growth Kitron Eltech (formerly DeltaNordic) consolidated from 1 January 2026 — zero prior-year comparables Q2 REVENUE (€m) Sector Q2 2025 Organic Eltech Q2 2026 Org. Δ% REVENUE Connectivity 29.7 35.1 - 35.1 +18.2% Organic growth: +62.1% Electrification 44
Slide 10: Cash flow & working capital
KITRON GROUP / Q2 2026 Cash flow & working capital The cash engine has turned on — €47m of operating cash in Q2; H1 operating cash flow 78% of EBITDA CASH FLOW (€m) Cash flow Q2 2026 Q2 2025 FY 2025 OPERATING CASH FLOW Profit before tax 26.6 12.7 55.1 €47.2m in Q2 vs €19.3m last year — collections c
Slide 11: Financial ratios
KITRON GROUP / Q2 2026 Financial ratios Capital efficiency and balance-sheet quality KEY RATIOS Ratios 30.06.2026 Q2 2025 31.12.2025 RETURN ON OPERATING CAPITAL R3 NWC % of sales 15.4% 26.8% 15.9% ROOC R3 at 39.0% — consistently strong. Operating leverage on a stable cost base. R3 ROOC % of EBIT 39.
Slide 12: Why €1.5 billion is credible
KITRON GROUP / Q2 2026 Why €1.5 billion is credible Booked demand, deeper customer engagement, structural themes STRUCTURAL THEME 01 MEDIUM-TERM AMBITION European defence rearmament €1.5 NATO commitments rising toward 3.5%+ of GDP — and EU defence instruments now disbursing real money. Multi-year pr
Slide 13: Key takeaways
KITRON GROUP / Q2 2026 Key takeaways Five things to remember about Q2 2026 All five sectors, all three regions — a broad-based record 01 €295.7m revenue (+71.7% YoY), organic growth +62%. All five sectors and all three regions grew. Defence & Aerospace tripled and is now around half of group revenue
Slide 14: Q&A Thank you.
KITRON GROUP Q&A Thank you. Next reporting: Q3 2026 / October 22, 2026 Investor relations: ir@kitron.com / www.kitron.com 14
Slide 15: Appendix — Alternative performance measures
KITRON GROUP / Q2 2026 Appendix — Alternative performance measures Definitions of key APMs used in this presentation Order backlog All firm orders and four months of committed customer forecast at revenue value. EBIT / EBITDA Operating profit / Operating profit + depreciations and impairments. EBIT