Slide 1: Making Wood Matter
MAKING WOOD MATTE
Slide 2: Half-Year Financial Report January–June 2026
HALF-YEAR FINANCIAL REPORT JANUARY–JUNE 2026 © Raute Corporation. All rights reserved. MIKA SAARIAHO, President and CEO VILLE HALTTUNEN, CFO August 12, 2026 HALF-YEAR FINANCIAL REPORT JANUARY–JUNE 2026 2
Slide 3: Content
Content • Highlights and group performance • Segment performance • Cash flow, financial position and key figures • Outlook 2026 © Raute Corporation. All rights reserved. HALF-YEAR FINANCIAL REPORT JANUARY–JUNE 2026 3
Slide 4: Highlights and Group Performance
HIGHLIGHTS AND GROUP PERFORMANCE
Slide 5: Q2 2026 highlights
Q2 2026 highlights Strong operational performance supported profitability in a continued challenging market • Economic uncertainty remained elevated across our key markets, and many customers continued to focus on cost savings and operational efficiency rather than new investments. As a result, orde
Slide 6: Key figures Q2 2026
Key figures Q2 2026 Net sales Comparable EBITDA Order intake 33.0 4.0 18 MEUR (Q2 2025: 43.8) MEUR (Q2 2025: 6.5) MEUR (Q2 2025: 12) © Raute Corporation. All rights reserved. Equity ratio* Order book* Personnel* 64.7 66 697 (Q2 2025: 60.0) MEUR (Q2 2025: 115) (Q2 2025: 766) *at the end of the report
Slide 7: Order intake
Order intake Order intake EUR 18 million in Q2 2026 315 Asia-Pacific MEUR 6% Europe 30% 118 19 North America 46% 138 19% © Raute Corporation. All rights reserved. Q4 28 112 121 South America Q3 50 91 35 25 15 Q2 40 Orders included after-sales services, 20 38 35 67 modernizations, upgrades and indivi
Slide 8: Order book
Order book Order book of EUR 66 million at the end of Q2 2026 266 MEUR 259 Five mill-sized orders received during Q1/23 –Q1/24: Lumin, Latvias Finiers, Thebault, 223 Metsä Wood and AmberBirch 202 2 192 1 188 184 158 150 152 146 129 121 266 259 3 115 74 86 78 104 223 108 94 98 55 94 200 191 98 92 © R
Slide 9: Net sales
Net sales Net sales EUR 33.0 million in Q2 2026 decreasing 24.6% against last year MEUR 205 South America Asia-Pacific 6% 176 5% 56 158 36 145 North America 19% Q4 46 45 46 44 69% Europe © Raute Corporation. All rights reserved. Q3 42 34 57 44 -24.6% 66 Q2 30 29 33 Net sales were affected by a low o
Slide 10: Comparable EBITDA
Comparable EBITDA Comparable EBITDA EUR 4.0 million in Q2 2026 with margin of 12.0% (14.7%) 8 MEUR 7.4 -39% 6.3 6.5 6.5 Comparable EBITDA EUR 4.0 million 6.0 5.7 6 5.4 5.1 (6.5) and margin 12.0% (14.7) 4.2 4.0 in Q2 2026 4 • Comparable EBITDA decreased 3.1 2.8 3.0 2.7 3.0 2.7 in Wood Processing and
Slide 11: Operating profit (YTD)
Operating profit (YTD) YTD operating profit EUR 5.2 million in Q1-Q2 2026, i.e. 7.9% of net sales -33% 20 Q1-Q2 2026 operating profit EUR 5.2 MEUR 17.3 million (7.8) and margin of 7.9% (8.1) • Items affecting comparability (IACs) 15 13.7 12.9 in operating profit totaled to 10.2 EUR -0.4 million (-3.
Slide 12: Personnel
Personnel Head account decreased 9% against comparison period 802 798 789 -9% 778 783 775 783 770 754 766 698 696 698 692 697 Others North America 2% 17% <blank> © Raute Corporation. All rights reserved. 81% Europe 2021 2022 2023 2024 2025 Q4/24 Q1/25 Q1/24 Q2/24 Q3/24 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26
Slide 13: Segment Performance
= RAUTE SEGMENT PERFORMANCE
Slide 14: Wood Processing
Wood Processing Net sales (MEUR) Comparable EBITDA (MEUR) Net sales EUR 21.1 million in Q2 2026, decreased by 30.7% against last year • The decrease was mainly driven by a low order intake during the past quarters, resulting in lower project delivery volumes compared to the -31% 4.2 comparison perio
Slide 15: Services
Services Net sales (MEUR) Comparable EBITDA (MEUR) Net sales EUR 8.1 million in Q2 2026, decreased by 18.4% against last year • The decrease was mainly driven by a low order intake during the past quarters • Challenging global market -18% conditions have caused customers to implement cost- saving me
Slide 16: Analyzers
Analyzers Net sales (MEUR) Comparable EBITDA (MEUR) Net sales EUR 3.9 million in Q2 2026, increasing 10.9% against last year • The increase was driven by solid execution and delivery of customer projects Q2 2026 comparable EBITDA was EUR +11% 0.6 million (0.4) with margin of 16.0% (10.9) • Comparabl
Slide 17: Cash Flow, Financial Position and Key Figures
CASH FLOW, FINANCIAL POSITION AND KEY FIGURES
Slide 18: Earnings per share
Earnings per share Q2 2026 Comparable EPS EUR 0.36 (0.68) – R12M Comparable EPS EUR 2.06 (2.65) EPS 0.73 0.74 -47% Q2 2026 comparable EPS EUR 0.36 (0.68) 0.69 0.71 0.68 0.69 • Decrease due to operating profit Comparable EPS 0.65 0.62 0.59 Q2 2026 EPS EUR 0.33 (0.19) 0.56 0.57 0.52 • Items affecting
Slide 19: Quarterly cash flow and EBITDA
Quarterly cash flow and EBITDA Q2 2026 operating cash flow EUR -8.2 million MEUR 40,0 Q2 2026 operating cash flow EUR -8.2 million (-21.2) 30,0 • EBITDA amounted to EUR 3.7 million (4.5) 20,0 • The cash flow was negatively impacted by the change in net 10,0 working capital 4,5 3,7 0,0 © Raute Corpor
Slide 20: Net working capital
Net working capital Net working capital EUR 18.5 million at the end of Q2 2026 MEUR 30,0 15% Net working capital EUR 18.5 million (-0.8) at the end of Q2 2026 10% • NWC change during Q2 2026 20,0 18,5 EUR 11.8 million (+25.5) 5% • Net working capital changes 10,0 6,5 6,7 typical in the project busin
Slide 21: Balance sheet structure
Balance sheet structure Strong balance sheet enables the execution of growth strategy Equity ratio Net liquidity (MEUR) 64.9 65.7 65.2 64.7 57.5 58.8 60.0 55.2 58.8 54.3 55.2 53.7 48.1 50.2 49.7 48.5 44.3 40.5 40.3 37.3 36.6 33.8 31.6 29.6 58.8 22.3 55.2 57.5 48.1 40.5 37.3 40.3 16.7 © Raute Corpora
Slide 22: Capex, depreciation and amortization
Capex, depreciation and amortization Capital expenditure following last year level MEUR 7,0 6,6 Capex in Q1-Q2 2026 totaled 6,3 EUR 1.7 million (1.7) 6,0 5,0 4,5 4,6 4,6 4,0 4,0 3,7 3,8 3,4 3,1 3,0 2,8 2,5 © Raute Corporation. All rights reserved. 2,4 1,9 2,0 2,0 1,8 1,7 1,7 1,5 1,5 1,3 1,4 1,0 0,6
Slide 23: Research and development cost
Research and development cost MEUR / % of net sales 7,0 6,3 6,0 5,2 5,3 5,0 4,9 4,8 4,7 4,0 3,0 2,8 2,6 © Raute Corporation. All rights reserved. 2,0 1,0 0,0 2021 2022 2023 2024 2025 Q2/26 R12 1-6/25 1-6/26 R&D expenses (MEUR) R&D as % of sales (%) HALF-YEAR FINANCIAL REPORT JANUARY–JUNE 2026 23
Slide 24: Outlook 2026
= RAUTE OUTLOOK 2026
Slide 25: Business environment
Business environment • Raute’s business environment continued to be challenging during the second quarter of 2026. The sustained global economic and geopolitical uncertainty affected customers’ investment decisions negatively. As a result, the new order intake from Raute’s customers remained at low
Slide 26: Guidance statement for 2026 (specified)
Guidance statement for 2026 (specified) Based on actual performance during the first half of 2026, as well as the current order backlog and market outlook, Raute specifies its financial guidance within the previously communicated range. Raute’s 2026 net sales are expected to be between EUR 125–145 m
Slide 27: Further information
Further information © Raute Corporation. All rights reserved. Mika Saariaho Ville Halttunen President and CEO CFO +358 40 1549393 +358 50 3460868 mika.saariaho@raute.com ville.halttunen@raute.com HALF-YEAR FINANCIAL REPORT JANUARY–JUNE 2026 27
Slide 28: Follow us
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Slide 29: Thank you!
” _— : - 4“ OG —_ THANKYOU! —~