Slide 1: A solid foundation for the second half of the year
a solid foundation for the second half of the year Q226 Webcast | AUGUST 6, 2026
Slide 2: Agenda
AGENDA • Highlights and strategic focus • Q226 and first half 26 • Group performance • business areas • Q&A
Slide 3: Q226 highlights
q226 | highlights seventh consecutive quarter with organic sales growth Sales 45.1m€ (+12%) Operational Ebit 2.6m€ Roce 9.6% Organic growth 7% increase of 19% vs. Q225 Vs. 8.4% in q225 Margin improving to 5.7% (q225: 5.4%) Rotwc 29.5% (26.2% in q225) Operative net Cash flow Leverage 2.1x Growing Ord
Slide 4: Q226 solid foundation for the second half of the year
q226 | solid foundation for the second half of the year Operational ebit growth of 18% in Q225-Q226 Operational ebit (€) & ebit%, r12 Roce% net debt/operational ebitda* 18% 9.6% 2.1 (15%) (15%) (2-3x) minimum annual average minimum net debt / operational EBIT growth ROCE operational EBITDA *Excludin
Slide 5: Our focus areas for executing Boreo growth strategy in 2026
Our focus areas for executing boreo growth strategy in 2026 Earnings growth Achieved THROUGH ORGANIC GROWTH AND ACQUISITIONS 1 2 3 disciplined m&a CLARIFYING COMPANY ROLES STRENGTHENING BALANCE SHEET ▪ Operating companies managed ▪ Strong earnings growth supports ▪ Updated process in clusters with c
Slide 6: Agenda
AGENDA • Highlights and strategic focus • Q226 and first half 26 • Group performance • business areas • Q&A
Slide 7: Q226 seventh consecutive quarter with sales growth
Q226 | seventh consecutive quarter with sales growth Organic growth of 7% - economic activity also increasing and creating growth opportunities Commentary Sales +12% or 4.9m€ vs. Q225 ▪ Market conditions gradually improving despite uncertainties ▪ Demand improvement in many Boreo’s key industries Ac
Slide 8: Q226 gross margins & profitability stable
Q226 | gross margins & profitability stable Sales growth driving profits Commentary Q226 Gross margin at 29% (31% Q225) ▪ Stable development with sales mix variations from quarter to quarter Operationally a better result than last year with 19% increase in operational EBIT compared to comparison per
Slide 9: Q226 strong cash generation in R12
Q226 | strong cash generation in r12 cash flow supported by Good profit generation Commentary ▪ Cash flow increased significantly to 1.4m€ in Q226 (0.2 m€ Q225) ▪ Cash flow expected to be driven by profits going forward – working capital optimization continues to be management focus area 1) 2) 1) Ca
Slide 10: Q226 target to improve returns by improving profitability
Q226 | target to improve returns by improving profitability ROTWC at 29% in q226 Commentary ▪ ROTWC% increased slightly vs. Q2 last year ▪ Target to improve returns by improving profitability ▪ Working capital managed well – efficiency work continues, optimizing where possible 10
Slide 11: Agenda
AGENDA • Highlights and strategic focus • Q226 and first half 26 • Group performance • business areas • Q&A
Slide 12: Q226 Electronics business area
Q226 | Electronics business area Continued improvement and growth - Milcon drives performance Comments – q2 2026 Net sales and operational ebit% Business performance ▪ Sales increased by 15%, driven by Milcon and YE RS inorganic sales growth ▪ Operational EBIT 1.2m€ (0.8m€ Q2/25), with EBIT margin i
Slide 13: Q226 Technical trade business area
Q226 | Technical trade business area Strong growth continues – margins improved Comments – q2 2026 Net sales and operational ebit% Business performance ▪ Sales growth of 10% - driven by strong performance in several businesses ▪ Operational EBIT 2.0m€ (1.8m€ Q2/25), with increased EBIT margin of 7.2
Slide 14: Agenda
AGENDA • Highlights and strategic focus • Q226 and first half 26 • Group performance • business areas • Q&A
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Slide 16: Grow & prosper
BORESO GROW & PROSPER
Slide 17: A long-term owner of great entrepreneurial companies
A long-term owner of great entrepreneurial companies 153m€ 8.0m€ (5.2%) 355 NET SALES 2025 Operational ebit 2025 Employees 22 companies 8.8% 2.1x Return on capital employed Net debt / operational EbitDA 2025 Q2 2026 Map excluding USA Lackmästarn divested on 31 July, 2026 excluded 17
Slide 18: Diversified industrial portfolio in 7 countries
Diversified industrial portfolio in 7 countries Electronics Technical trade 61M€ 2025 Sales 145 Professionals 92M€ 206 2025 Sales Professionals 7 Markets 3 Markets Lackmästarn divested on 31 July, 2026 excluded 18
Slide 19: Capable & committed leadership in a decentralized structure
Capable & committed leadership in a decentralized structure Simon Hallqvist, Camilla Grönholm, Jouni grönroos, Mattias björk, Noora neilimo- Jussi vanhanen, Chairman chair of Remco chair of audit board member kontio, board board member committee member Board of 7,030 shares 1,952 shares 6,457 shares
Slide 20: Boreo's business model
Boreo’s business model We own and acquire Great entrepreneurial companies with strong profits and cash flows Ultimate objective is We enable earnings growth by Sustainable profit Supporting & generation coaching in the long-term our companies & developing people we Re-invest capital with attractive
Slide 21: Accelerating M&A activities
Accelerating m&A activities Boreo looks to acquire and own asset light industrial businesses with strong cash generation, proven track record and a management fit with boreo culture Disciplined approach to M&A: ▪ Small operational add-ons Industrial financial organisational investment ▪ Geographical
Slide 22: Our philosophy – Sustainable long-term profit generation
Our philosophy – Sustainable long-term profit generation Decentralization Capital allocation Culture of ownership and release of Focus on earnings and capital efficiency entrepreneurial energy Broad universe of investment Aligned interest of shareholders and opportunities – discipline in capital emp
Slide 23: What's in it for the companies?
What’s in it for the companies? A Long-term owner Leadership development • Stability • Best practice sharing • Continuation • Support from ’Coaches’ • Credibility • MD peer group • Access to funding boreo companies • Boreo Academy Balance P&L sheet Business development Personnel • Board of Directors
Slide 24: Focus on earnings growth and return on capital
Focus on earnings growth and return on capital Updated long-term strategic financial targets to better reflect shareholder value creation minimum annual minimum net debt / average operational ROCE operational EBITDA EBIT growth 15% 15% 2-3x Dividend policy Target to annually increase dividend per sh
Slide 25: Grow & prosper
BORESO GROW & PROSPER