Slide 1: Studsvik Group Interim Report Q2 2026
Studsvik Group Interim Report Q2 2026 Karl Thedéen, President and CEO Peter Teske, CFO July 17, 2026
Slide 2: Karl Thedéen, President and CEO
Karl Thedéen President and CEO Studsvik Interim Report Q2 2026
Slide 3: About the Studsvik Group
About the Studsvik Group Providing services to the nuclear industry through the entire lifecycle, from new build to final disposal NET SALES GLOBAL SALES IN MORE THAN LOCAL OFFICES IN 883 MILLION SEK 2025 15+ COUNTRIES 500 EMPLOYEES WORLDWIDE 6 COUNTRIES IN ALL REGIONS Studsvik Interim Report Q2 202
Slide 4: Our key offerings
Our key offerings New Build Long-Term Operation • Fuel and materials testing • Fuel and materials testing • Waste planning for • Planned outage and maintenance licensing • Software for fuel management • Fuel planning (Software) • Safety systems • SMR project development • Waste treatment Decommissio
Slide 5: Studsvik Group and Business Areas Q2
Studsvik Group and Business Areas Q2 STUDSVIK GROUP 247 9.2 % 5.8 % net sales Q2 2026, growth in local Adj. operating margin MSEK currencies Q2 2026 % OF NET SALES GROWTH OPERATING MARGIN DECOMMISSIONING & RADIATION PROTECTION SERVICES 39 % 8.9 % 7.0 % FUEL, MATERIALS & WASTE MANAGEMENT TECHNOLOGY 4
Slide 6: Key milestones Q2
Key milestones Q2 1 Financial turnaround for DRPS 5 First US Advanced Reactors software contract More positive market conditions and operational changes Signed alongside a new collaboration with Lightbridge on has led to improved financial result advanced fuel software for today's and tomorrow's lig
Slide 7: The investment case – one platform, two return profiles
The investment case – one platform, two return profiles The Cash-Generating Core – quality of today’s business 01 02 03 04 05 80 YEARS OF INDEPENDENT GLOBAL FULL END-TO- RARE LISTED PIONEERING TRUSTED AND CUSTOMER END SERVICE PUREPLAY EXCELLENCE TECH AGNOSTIC FOOTPRINT OFFERING The Asymmetric Upside
Slide 8: The investment case – the four growth drivers in detail
The investment case – the four growth drivers in detail 06 07 08 09 EXISTING FLEET NEW BUILD ADVANCED NUCLEAR HEALTHCARE AND INDUSTRY THE DRIVER Global installed base needing life- Swedish new-nuclear energy Next-generation fission and Isotopes and radioactive- extension beyond 60 yrs; programme; fi
Slide 9: Peter Teske, Chief Financial Officer
Peter Teske Chief Financial Officer Studsvik Interim Report Q2 2026
Slide 10: Growing and building for the future
Growing and building for the future • Net sales in the quarter amounted to SEK 247.0 million in local currencies, an increase of 9.2 per cent • All three business areas reported sales Quarter 6 months Jan-Dec growth during the quarter Q2 2026 Q2 2025 2026 2025 2025 • Adjusted operating margin: 5.8 p
Slide 11: Business Area financial results – Decommissioning & Radiation Protection Services
Business Area financial results DECOMMISSIONING & RADIATION PROTECTION SERVICES Quarter 6 months Jan-Dec Decommissioning and Radiation Protection Services Q2 2026 Q2 2025 2026 2025 2025 Sales, SEK million Operating profit, SEK million 96.8 6.8 89.7 4.4 180.9 10.5 176.0 6.2 342.2 5.9 39% of total rev
Slide 12: Business Area financial results – Fuel, Materials & Waste Technology
Business Area financial results FUEL, MATERIALS & WASTE TECHNOLOGY Fuel, Materials and Waste Quarter 6 months Jan-Dec Technology Q2 2026 Q2 2025 2026 2025 2025 Sales, SEK million Operating profit, SEK million 116.3 21.0 107.4 19.3 213.0 33.3 205.1 33.6 390.7 62.9 44% of total revenues Q2 2026 Operat
Slide 13: Business Area financial results – Studsvik Scandpower
Business Area financial results STUDSVIK SCANDPOWER Quarter 6 months Jan-Dec Studsvik Scandpower Q2 2026 Q2 2025 2026 2025 2025 Sales, SEK million Operating profit, SEK million 37.1 -5.4 35.5 2.3 86.6 3.2 81.7 13.6 164.5 29.6 18% of total revenues Q2 2026 Operating profit -14.4 6.5 3.7 16.6 18.0 mar
Slide 14: Free cash flow
Free cash flow Q2 2026 • Free cash flow for the quarter: SEK –59.6 (-1.3) million • Completed acquisition of KNXT, SEK -34.1 million • Changes in working capital • The completed acquisition has resulted in an increase in the Group’s net debt • At the end of the quarter net debt amounted to SEK 138.9
Slide 15: Karl Thedéen, President and CEO
Karl Thedéen President and CEO Studsvik Interim Report Q2 2026
Slide 16: The nuclear market
The nuclear market Studsvik
Slide 17: At a glimpse
At a glimpse 1 The world 2 Europe • Nuclear becoming a key critical energy • EU policy support turning into projects and industry infrastructure • UK and Sweden leads SMR deployment • SMRs moving from plans to execution • Nuclear strengthens energy security, • Asia builds rapidly, US accelerates geo
Slide 18: Electricity demand at least doubles by 2050
CASE STUDY – SWEDEN Electricity demand at least doubles by 2050 ▪ Six independent forecasts converge on the same conclusion: Sweden must build out generation at unprecedented pace ▪ Even the lowest scenario requires Sweden to add roughly 90 TWh per year of new generation 400 350 300 2050 scenario ra
Slide 19: Europe's most investable SMR market – our home turf
CASE STUDY – SWEDEN Europe's most investable SMR market – our home turf ~2.5 GW 10+ GW Cross-bloc Government target - new nuclear capacity Indicated buildout toward 2045 across Political majority alignment online by 2035, adding to the existing 7 GW multiple sites, to replace and expand for new buil
Slide 20: We deliver on both Long-Term Operations and New Build
We deliver on both Long-Term Operations and New Build ▪ Studsvik offers a full-lifecycle nuclear portfolio to the nuclear energy world Long-Term Operations (LTO) New Build EXTEND LIFE-TIME OF EXISTING FLEET SUPPORT RAPID DEMAND GROWTH • Fuel inspection and materials analysis • Project development an
Slide 21: Studsvik examples – Long-Term Operations
Studsvik examples – Long-Term Operations 1 South Korea is an increasingly important market for growth Strong industrial base, continued investments in infrastructure, and focus on energy security. Established business presence within the waste area and existing partnership with Korea Nuclear Fuel (K
Slide 22: Studsvik examples – the New Build AMR/SMR vendor market
Studsvik examples –the New Build AMR/SMR vendor market • Our products are gaining market share across the next generation of reactors Lightbridge First AMR contract Rolls-Royce SMR Vattenfall-owned Videberg Kraft First US Advanced Reactor has selected Rolls-Royce SMR – a New collaboration on softwar
Slide 23: Final remarks
Final remarks
Slide 24: Solid quarter from all three Business Areas
Solid quarter from all three Business Areas • Net sales growth of 9,2 per cent • Nordic expansion • Software winning ground in the US • Increased investments in sales, business development and products to meet growing demands from the global market • The investment case – one platform, two return pr
Slide 25: Vision: Studsvik site 2035
Data Center Vision: Studsvik site 2035 AI VISUALISATION Small Modular Reactors (SMR) Fusion Test Facility Hot-Cells InDRUM-facility Nordic Isotope Center and Test Reactor Studsvik Interim Report Q2 2026
Slide 26: Thank you Q&A
Thank you Q&A Karl Thedéen, President and CEO Peter Teske, CFO July 17, 2026
Slide 27: Forward-looking statements
This presentation may contain forward-looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively affect our business. Please read our most recent annual report for a better understanding of these risks and uncert
Slide 28: Studsvik Interim Report Q2 2026
Studsvik Interim Report Q2 2026