Slide 1: Q1 2026 Results
KITRON GROUP Q1 2026 Results From record to runway Investor presentation / April 2026 Peter Nilsson, President & CEO / Cathrin Nylander, CFO
Slide 2: A quarter that delivered
KITRON GROUP / Q1 2026 A quarter that delivered Record revenue, record backlog, all five sectors growing REVENUE EB IT EB IT M ARGIN €272.7m €25.6m 9.4% +65.7% YoY (€164.6m) +105% YoY (€12.5m) +180 bps (7.6%) ORDER B ACKLOG B OOK-TO-B I L L OP. CASH FLOW €805.9m 1.35 €5.0m +54% YoY / +14% QoQ Group
Slide 3: Operations & growth
KITRON GROUP / Q1 2026 Operations & growth Strong execution, lessons from Q1 already addressed, 2026 outlook reaffirmed 01 EXECUTION 02 Q1 EFFICIENCY Operational momentum holding Below our internal target — and addressed Customer ramp-ups progressing across all sites. New Swedish facility complete;
Slide 4: Sector revenue
KITRON GROUP / Q1 2026 Sector revenue All five sectors grew year on year — Defence & Aerospace tripled Defence & Aerospace +213% YoY Revenue by sector (€m) Now ~50% of group revenue (was ~27%). European rearmament, Q1 2026 Q1 2025 unmanned systems, missile programmes. 160 Connectivity +28% YoY 137 1
Slide 5: Backlog & forward demand
KITRON GROUP / Q1 2026 Backlog & forward demand Record order book, deepest forward pipeline in Kitron's history ORDER BACKLOG BOOK-TO-BILL R6 DEMAND OUTLOOK D&A SHARE OF BACKLOG €805.9m 1.35x ~€590m 59% +54% YoY / +14% QoQ Group above 1.0x front-loaded by ~10% from 45% a year ago Order backlog by se
Slide 6: Q1 2026 financial highlights
KITRON GROUP / Q1 2026 Q1 2026 financial highlights Performance measures expressed in €m, prior year comparators in brackets REVENUE EB IT EB IT M ARGIN EB ITDA €272.7m €25.6m 9.4% €31.8m +65.7% (€164.6m) +105% (€12.5m) +180 bps (7.6%) +86% (€17.1m) NET INCOM E EPS OP. CASH FLOW ROOC R3 €20.0m €0.09
Slide 7: Business sectors by region
KITRON GROUP / Q1 2026 Business sectors by region Revenue, EBIT and headcount across our three operating regions REVENUE (€m) Business sectors 31.03.2026 31.03.2025 Change 31.12.2025 REGIONAL VIEW Nordics & North America 117.7 93.7 +24.0 391.7 CEE: revenue +155% YoY CEE 131.5 51.6 +79.9 265.7 Now th
Slide 8: Organic and inorganic growth
KITRON GROUP / Q1 2026 Organic and inorganic growth Kitron Eltech (formerly DeltaNordic) consolidated from 1 January 2026 — zero prior-year comparables Q1 REVENUE (€m) Sector Q1 2025 Organic Eltech Q1 2026 Org. Δ% REVENUE D&A 43.8 129.6 7.7 137.3 +196.0% Organic growth: +56.7% Electrification 41.8 4
Slide 9: Cash flow & working capital
KITRON GROUP / Q1 2026 Cash flow & working capital Working capital supports the record book; structural cash quality intact CASH FLOW (€m) Cash flow Q1 2026 Q1 2025 FY 2025 OPERATING CASH FLOW Profit before tax 24.9 10.0 55.1 €5.0m vs €12.1m. Planned working-capital support of a record book; high gr
Slide 10: Financial ratios
KITRON GROUP / Q1 2026 Financial ratios Capital efficiency and balance-sheet quality KEY RATIOS Ratios 31.03.2026 31.03.2025 31.12.2025 RETURN ON OPERATING CAPITAL R3 NWC % of sales 15.7% 28.6% 15.9% ROOC R3 at 38.7% — more than double Q1 2025 (18.7%). Operating leverage on a stable cost base. R3 RO
Slide 11: A pipeline like never before
KITRON GROUP / Q1 2026 A pipeline like never before Building the case for our medium-term ambition STRUCTURAL THEME 01 MEDIUM-TERM AMBITION European defence rearmament €1.5 NATO commitments rising toward 3.5%+ of GDP. Multi-year programme cycles, not point orders. Seven Kitron sites positioned for N
Slide 12: Key takeaways
KITRON GROUP / Q1 2026 Key takeaways Five things to remember about Q1 2026 Record revenue, broad-based growth 01 €272.7m revenue (+65.7% YoY). All five sectors grew. Defence & Aerospace tripled and now represents around half of group revenue. Profitability above target — with room to do better 02 EB
Slide 13: Q&A Thank you.
KITRON GROUP Q&A Thank you. Next reporting: Q2 2026 / July 10, 2026 Investor relations: ir@kitron.com / www.kitron.com 13
Slide 14: Appendix — Alternative performance measures
KITRON GROUP / Q1 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