Slide 1: Inission AB Interim Report July–September 2025
Q3 2025 Inission AB (publ) Interim Report for the period July 1– September 30, 2025 Inission AB Interim Report July-September 2025 Page 1
Slide 2: Summary of the period
Summary of the period NET SALES & EBIT RESULT (MSEK) Net sales EBIT Result 600 48 500 40 Q3 2025 compared to Q3 2024 400 32 300 24 » The order intake for the third quarter amounted to » Cash flow from operating activities amounted to 200 16 577.6 MSEK (464.0) 3.6 MSEK (-39.5) 100 8 » Net sales amoun
Slide 3: CEO review
CEO review Balanced growth and recovery There were also clear differences between the business areas Despite the increased delivery rate, we were able to close in terms of profitability. Inission EMS showed stronger most factories for two weeks’ holiday, which gave our The development seen in the se
Slide 4: CEO review continued. Business area Enedo, OEM; Acquisitions; Ahead
» CEO review continued. Business area Enedo, OEM Acquisitions Ahead Turnover for the third quarter amounted to MSEK 81.8 Work has begun to integrate Selteka into Inission. This is not Just when it seems the turbulence surrounding the (114.8), corresponding to a decrease of 28.7 percent. The a major
Slide 5: Business areas
Business areas INISSION (EMS) ENEDO (OEM) Contract manufacturing of electronics and mechanics Products within power electronics and systems KEY FIGURES NOTE Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 RTM 2024 KEY FIGURES NOTE Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 RTM 2024 Net sales (MSEK) 3 449.3 355.4 1
Slide 6: Significant events
Significant events During Q1 (January–March) 2025 » April 15: Inission AB held a live-streamed Capital During Q3 (July–September) 2025 Markets Day to provide investors and analysts with deeper » February 28: Inission AB announced new financial targets insight into the Group and its business areas. »
Slide 7: Comments
Comments INCOME STATEMENT, Q3 2025 (MSEK) KEY FIGURE TABLE Group: Net turnover in the quarter amounted to 531.1 (467.9), (MSEK) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 RTM 2024 which represents an increase of 13.5 (-9.1) percent in the quarter. Order intake 577.6 464.0 1 165.9 1 344.0 1 926.9 2 105.0
Slide 8: Comments continued
» Comments continued INCOME STATEMENT, Q1-Q3 2025 Overall, this gives an operating result for NET DEBT (MSEK) the Group of 70.0 (104.6), and a result FINANCIAL POSITION (MSEK) 30 SEP 2025 30 SEP 2024 31 DEC 2024 UAB Selteka was acquired on 30 June after financial items of 44.2 (78.8), of 2025, and i
Slide 9: Comments continued
» Comments continued Right-of-use assets amounted to 205.1 in conjunction with the acquisition and, (236.6), and the change relates to new and reduced by amortisations, subsequently terminated leases less depreciation, newly amounted to 331.3 (351.0), and compared signed leases, and changes in excha
Slide 10: The Share
The Share LARGEST OWNERS ON SEPTEMBER 30, 2025, ACCORDING TO EUROCLEAR: SHAREHOLDERS A-SHARES B-SHARES A- AND B-SHARES HOLDING % VOTES % IFF Konsult AB + Olle Hulteberg 960 000 4 322 988 5 282 988 23.2% 31.4% Stock Option Programs FBM Consulting AB 440 012 4 323 000 4 763 012 20.9% 19.6% Employees a
Slide 11: Dividend, risks and uncertainties, audit
DIVIDEND SIGNIFICANT RISKS AND UNCERTAINTIES AUDIT Inission’s dividend policy is to, if the liquidity situation In preparing the interim report, the company has This report has been subject to review by the company’s permits, distribute up to 30% of the Group’s profit reviewed the material risks and
Slide 12: Financial statements
Financial statements CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME CONT’D. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (MSEK) NOT Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 (MSEK) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 Net sales 1,2,3 531.1 467.9 1 549.3 1 618.5 2 149.7 Earnings per share, b
Slide 13: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET CONT’D. CONSOLIDATED BALANCE SHEET TILLGÅNGAR (MSEK) NOT 2025-09-30 2024-09-30 2024-12-31 EGET KAPITAL OCH SKULDER (MSEK) NOT 2025-09-30 2024-09-30 2024-12-31 Non-current assets, Equity Intangible assets Share capital 1.0 0.9 0.9 Goodwill 6 233.3 213.0 216.2 Other contribu
Slide 14: Consolidated statement of change in equity
CONSOLIDATED STATEMENT OF CHANGE IN EQUITY ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS OTHER RETAINED EARNINGS TOTAL EQUITY RELATING NON- CONTRIBUTED INCLUDING TO PARENT COMPANY CONTROLLING (MSEK) SHARE CAPITAL CAPITAL RESERVES PROFIT FOR THE PERIOD SHAREHOLDERS INTEREST TOTAL EQUITY Opening balance
Slide 15: Consolidated statement of cash flows
CONSOLIDATED STATEMENT OF CASH FLOWS CONT’D. CONSOLIDATED STATEMENT OF CASH FLOWS (MSEK) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 (MSEK) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 Operating activities Financing activities Profit after financial items 22.0 16.2 44.2 78.8 91.6 New share issue, net a
Slide 16: Parent company income statement and balance sheet
PARENT COMPANY INCOME STATEMENT PARENT COMPANY BALANCE SHEET (MSEK) Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 ASSETS (MSEK) 2025-09-30 2024-09-30 2024-12-31 Net sales 14.1 8.8 41.1 26.8 35.5 Non-current assets, Other operating income -0.4 0.5 2.2 0.9 0.3 Financial non-current assets Total 13.7 9.2
Slide 17: Parent company balance sheet cont'd
CONT’D. PARENT COMPANY BALANCE SHEET EQUITY AND LIABILITIES (MSEK) 2025-09-30 2024-09-30 2024-12-31 Equity, Restricted equity Share capital 1.0 0.9 0.9 Total restricted equity 1.0 0.9 0.9 Unrestricted equity Share premium reserve 315.1 292.6 292.6 Retained earnings including profit for the period 50
Slide 18: Notes
Notes Note 1 - Company information Note 2 - Accounting principles Rounding differences may occur in tables and calculations, meaning that reported totals may not always equal the sum of the rounded figures. Inission AB (publ), corporate ID number 559259-1890, This interim report has been prepared in
Slide 19: Note 3 - Segment Information and Disclosure on Net Revenue
Note 3 - Segment Information and Disclosure on Net Revenue The Group’s chief operating decision maker is and reported according to the following Munkfors, and Malmö in Sweden; Halden and Tunisia, with a total of 259 employees. the CEO, who evaluates the operating seg- operating segments: and Løkken
Slide 20: Note 3 cont'd.
..Note 3 cont’d. INTERCOMPANY INTERCOMPANY 2025-01-01 » 2025-09-30 (MSEK) ENEDO INISSION ADJUSTMENTS TOTAL 2024-01-01 » 2024-09-30 (MSEK) ENEDO INISSION ADJUSTMENTS TOTAL Revenue from external customers 240.5 1 308.8 1 549.3 Revenue from external customers 349.3 1 280.9 -11.7 1 618.5 Revenue from ot
Slide 21: Note 3 cont'd.
..Note 3 cont’d. INTERCOMPANY 2024-01-01 » 2024-12-31 (MSEK) ENEDO INISSION ADJUSTMENTS TOTAL Revenue from external customers 448.4 1 701.3 2 149.7 Revenue from other segments 0.7 14.0 -14.7 0.0 Net sales 449.1 1 715.3 2 149.7 Operating expenses -436.7 -1 606.2 14.7 -2 028.2 Operating result, EBIT 1
Slide 22: Note 3 cont'd. Revenue by country
..Note 3 cont’d. The tables below show total revenue from external customers distributed by country: INTERCOMPANY INTERCOMPANY 2025-07-01 » 2025-09-30 (MSEK) ENEDO INISSION ADJUSTMENTS TOTALT 2024-07-01 » 2024-09-30 (MSEK) ENEDO INISSION ADJUSTMENTS TOTALT Sweden 1.9 159.2 161.1 Sweden 2.0 155.0 157
Slide 23: Note 3 cont'd. Revenue by country
..Note 3 cont’d. The tables below show total revenue from external customers distributed by country: INTERCOMPANY 2024-01-01 » 2024-12-31 (MSEK) ENEDO INISSION ADJUSTMENTS TOTAL Sweden 5.9 754.4 760.3 Finland 40.3 244.6 284.9 Denmark 8.0 47.8 55.8 Estonia 3.8 46.0 49.9 United Kingdom 10.3 4.1 14.4 I
Slide 24: Note 4 - Loan terms and covenants; Note 5 - Financial instruments
Note 4 - Loan terms and covenants Note 5 - Financial instruments The company has entered into loan In the event of any non-compliance, it may FAIR VALUE MEASUREMENT AND DISCLOSURE (MSEK) agreements that include financial covenants. also be necessary to renegotiate the terms The table below shows fin
Slide 25: Note 5 cont'd.
..Note 5 cont’d. FINANCIAL ASSETS, LEVEL 3 OTHER LONG-TERM SECURITIES HOLDINGS AND LONG- TERM RECEIVABLES (UNLISTED SHARES) Carrying amount 2024-12-31 0.3 The tables below show Inission’s financial liabilities measured at fair value and the level Change recognized in the income statement -0.0 within
Slide 26: Note 6 - Business acquisitions
Note 6 - Business acquisitions BUSINESS ACQUISITIONS DURING THE PERIOD 2025-01-01 TO 2025-09-30 (MSEK) PURCHASE CONSIDERATION (MSEK) During the period from January 1, 2025, to The table on the right summarizes the Cash 66.9 September 30, 2025, the Group completed purchase consideration for UAB Selte
Slide 27: Note 7 - Warrant programme
Note 7 - Warrant programme WARRANT PROGRAM 2025 · Expected annual dividend yield: 2.98%, date (23.95 SEK). Of this amount, 50% date (11.39 SEK). Of this amount, 50% In 2025, employees and members of the applied in the valuation of the warrant in was subsidized by Inission at the time of was subsidiz
Slide 28: Note 8 - Related parties; Note 9 - Reconciliation table and definitions
Note 8 - Transactions with related parties Note 9 - Reconciliation table and definitions (MSEK) (MSEK) Inission AB is the ultimate parent company During the period, related parties sub- Inission uses financial measures that are EBITA margin: EBITA as a percentage of preparing consolidated financial
Slide 29: Note 9 cont'd.
..Note 9 cont’d. Organic Net Sales Growth: Net sales Acquired Net Sales Growth (%): Net sales Net Debt/EBITDA: Net debt divided by Book-to-Bill Ratio: Order intake divided (adjusted for acquisitions and divestments) from acquired entities (adjusted for currency) EBITDA. The purpose of this ratio is,
Slide 30: Note 9 cont'd.
..Note 9 cont’d. OPERATING PROFIT (EBIT), EBITA, AND EBITDA Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 ORGANIC NET SALES GROWTH, % Q3 2025 Q3 2024 Q1-Q3 2025 Q1-Q3 2024 2024 Operating profit (EBIT) 27.7 25.8 70.0 104.6 121.5 Net sales 531.1 467.9 1 549.3 1 618.5 2 149.7 Amortization and impairment A
Slide 31: Attestation
Attestation The Board of Directors and the CEO confirm that the interim report provides a true and fair overview of the parent company’s and the Group’s operations, position, and results, and describes the significant risks and uncertainties faced by the parent company and the companies included in
Slide 32: Report on Review of Interim Financial Statements
Report on Review of Interim Financial Statements To the Board of Directors of Inission AB (Publ), Corporate Identity No. 556747-1890 INTRODUCTION SCOPE OF REVIEW A review is substantially less in scope than CONCLUSION We have performed a review of the con- We conducted our review in accordance with
Slide 33: About Inission
About Inission WHAT » Enedo (OEM) develops, manufactures, and sells To succeed, we have committed to never settling for less. Inission AB consists of two business areas under the brands customized products and systems within power We aim to lead the way and drive development, keeping Inission and En
Slide 34: www.inissiongroup.com
The Board of Directors of Inission AB hereby presents this Interim Report as of November 7, 2025. Inission AB (publ) Interim Report for the period July–September 2025. Text and graphic design: Inission AB (publ). For further information, please contact: Fredrik Berghel, CEO, Phone: +46 732 02 22 10,