Slide 1: Interim report January-June 2026
Interim report January-June 2026
Slide 2: Christian Cederholm, President and CEO
Christian Cederholm President and Chief Executive Officer
Slide 3: Q2 in summary
Q2 in summary Adjusted net asset value growth Total shareholder return 9% 15% (SIXRX return index 9%) Listed Companies Patricia Industries Investments in EQT • Rights issue and strategic initiatives in • Strong operating performance • Good momentum within EQT funds Electrolux 14% total return -3% to
Slide 4: Business areas
Business areas Total adjusted assets Adjusted net asset value SEK 1,238bn June 30, 2026 SEK 1,215bn Listed Companies Patricia Industries Investments in EQT SEK 946bn SEK 208bn SEK 88bn 76% of total assets 17% of total assets 7% of total assets 4
Slide 5: Listed Companies
Listed Companies
Slide 6: Highlights during the quarter
Listed Companies Highlights during the quarter • Total return 14% • SEK 1.7bn (pro-rata) invested in Electrolux’s rights issue • Wärtsilä announced JV for its global Energy Storage business and continued to invest in production capacity expansion • Per Narvinger appointed new CEO of Ericsson 6
Slide 7: Patricia Industries
investor Patricia Industries
Slide 8: Highlights during the quarter
Patricia Industries Highlights during the quarter • Total return -3% • Major subsidiaries grew sales by 7% organically in constant currency, adjusted EBITA grew 16% • Strong performance in Nova Biomedical, integration off to a good start, but significant work remains • Mölnlycke in JV with Zhende Me
Slide 9: Patricia Industries – Sales and EBITDA
Patricia Industries – Sales and EBITDA LTM Sales LTM EBITDA SEK 70.7bn SEK 18.1bn SEK m 6 000 20 000 5 000 16 000 4 000 12 000 3 000 8 000 2 000 4 000 1 000 0 0 Q3 16 Q3 17 Q3 18 Q3 19 Q3 20 Q3 21 Q3 22 Q3 23 Q3 24 Q3 25 Q1 17 Q1 18 Q1 19 Q2 16 Q2 17 Q2 18 Q2 19 Q1 20 Q1 21 Q1 22 Q1 23 Q1 24 Q1 25 Q
Slide 10: Investments in EQT
investor Investments INEQT
Slide 11: Highlights during the quarter
Investments in EQT Highlights during the quarter • Total return -2% – EQT AB total return -4% – Fund investments 0% • Net cash flow to Investor SEK 0.5bn – SEK 0.5bn dividend received – SEK 0.3bn invested in EQT AB shares – SEK 0.4bn net cash flow from fund investments • High activity within EQT Fun
Slide 12: Resilience in a complex world
Resilience in a complex world
Slide 13: Innovation
Innovation 13
Slide 14: A strong platform
A strong platform Clear purpose and focused strategy High-quality portfolio Proven engaged ownership model Financial flexibility Great people 14
Slide 15: Jenny Ashman Haquinius, Chief Financial Officer
Jenny Ashman Haquinius Chief Financial Officer
Slide 16: Grow net asset value
Grow net asset value Adjusted net asset value, June 30, 2026 SEK 1,215bn SEK bn 1 400 1 200 1 000 800 600 400 200 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 -200 Listed companies Patricia Industries Investments in EQT Other assets & liabilities Net debt 16
Slide 17: Total return by business area
Total return by business area Q2 2026 YTD 2026 % % 16 25 14 20 14 20 12 15 10 10 13 8 9 6 5 1 4 0 2 -5 0 -2 -10 -2 -3 -15 -15 -4 -6 -20 Listed Companies Patricia Industries Investments in EQT Total Listed Companies Patricia Industries Investments in EQT Total 17
Slide 18: Listed Companies
Listed Companies
Slide 19: Listed Companies - Total return
Listed Companies - Total return Q2 2026 % 50 40 30 20 Total 14% 10 SIXRX 9% 0 -10 -20 -30 ABB Atlas Copco Epiroc Sobi Electrolux SEB Wärtsilä Husqvarna Ericsson Electrolux AstraZeneca Nasdaq Saab Professional 19
Slide 20: Listed Companies – NAV contribution
Listed Companies – NAV contribution Q2 2026 SEK m 100 000 80 000 60 000 40 000 20 000 0 -20 000 -40 000 ABB Atlas Copco SEB Sobi Epiroc Wärtsilä Ericsson Husqvarna Electrolux Electrolux AstraZeneca Nasdaq Saab Professional 20
Slide 21: Patricia Industries
investor Patricia Industries
Slide 22: Operating performance – Major subsidiaries
Operating performance – Major subsidiaries Q2 2026 YTD 2026 % % 18 7 16 6 16 14 6 5 12 5 4 10 3 8 2 6 7 6 1 4 2 0 -1 0 -1 Reported sales growth Organic sales growth Adjusted EBITA growth Reported sales growth Organic sales growth Adjusted EBITA growth 22
Slide 23: Patricia Industries - Operating performance
Patricia Industries - Operating performance Org. growth, % Q2 20 26 EBITA ma rgin, % Q2 20 26 EBITA ma rgin, Cha nge pp Va lue, SEK bn Vectura 42 77.41) 5.51) 4.0 La borie 13 26.1 -5.0 30.3 Bra unAbility 12 12.1 0.1 11.1 Nova Biomedica l 10 33.2 1.9 31.4 Sa rnova 10 17.6 0.6 18.9 Pia b Group 3 15.0
Slide 24: Mölnlycke – Activities during the quarter
Activities during the quarter Share of sales last 12 months EUR m % 600 35 500 30 25 400 20 Antiseptics 300 Gloves 15 200 Operating Room Solutions 10 Wound Care 100 5 0 0 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Sal
Slide 25: Patricia Industries - Major drivers of estimated market values
Patricia Industries - Major drivers of estimated market Average multiple 14.6x Total EV/total EBITDA, Patrcia Industries major subsidiaries -3% SEK 230bn - Multiples + Earnings + Cash flow SEK SEK 225bn 222bn SEK 223bn Q1 2026 Q2 2026 25
Slide 26: Patricia Industries - Change in estimated market values
Patricia Industries - Change in estimated market values Equity contribution Distribution to from Patricia Industries Patricia Industries of SEK 0.3bn of SEK 2.2bn 316 211 166 1 158 503 1 477 -145 230 108 -1 379 -1 939 -3 235 Distribution to 2 000 222 237 Patricia Industries of SEK 0.3bn -7 003 Q1 20
Slide 27: Investments in EQT
investor Investments INEQT
Slide 28: Investments in EQT – Performance
Investments in EQT – Performance Q2 2026, reported value change, % Q2 2026, net cash flow to Investor, SEK m 1 2000 0 1500 0 1000 1 617 500 -1 455 520 0 -2 -2 -500 -1 552 -1000 -3 -4 -1500 -4 -2000 EQT AB Fund investments Total Investments Proceeds Dividend from EQT AB Net cash flow 28
Slide 29: Investments in EQT – Net cash flow to Investor
Investments in EQT – Net cash flow to Investor Average net cash flow to Investor, 10 years Outstanding commitments, June 30, 2026 SEK 1.6bn SEK 26.1bn SEK m 8 000 6 000 4 000 2 000 0 -2 000 -4 000 -6 000 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Proceeds Dividend from EQT AB Investments Net
Slide 30: Strong financial flexibility
Strong financial flexibility
Slide 31: Leverage the target range
Leveragethe target range Leverage S&P Moody’s 1.9% AA- Aa3 % 30 25 Maximum 20 leverage Maximum 15 leverage 10 5 0 -5 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Leverage target range Leverage 31
Slide 32: Average annual total return
Average annual total return June 30, 2026 % 50 45 40 35 30 25 20 15 Return requirement 10 5 0 1 year 5 years 10 years 20 years Adjusted NAV Investor B SIXRX 32
Slide 33: We create value for people and society
We create value for people and society by building strong and sustainable businesses
Slide 34: Financial calendar
Financial calendar October 16, 2026 Interim Management Statement January-September 2026 Jacob Lund November 4, 2026 Capital Markets Update Chief Communications & Sustainability Officer +46 725 60 21 57 Jacob.lund@investorab.com January 22, 2027 Year-End Report 2026 April 20, 2027 Interim Management