Nyab Ab · OMXSTO:NYAB
Nyab Ab — Q2 2026 Earnings Presentation
21 slides from Nyab Ab's earnings presentation, August 2026
Slide 1: Result presentation Q2 2026
Result presentation IMAGE PENDING Q2 2026 1
Slide 2: Today's presenters
Today’s presenters Johan Larsson Peter Franks CEO Interim CFO 2
Slide 3: Q2 2026: Key highlights
Q2 2026: Key highlights ▪ Strong revenue growth and improved profitability. ▪ Civil Engineering drove performance, with substantially improved operating margin in Sweden and strong revenue growth in Finland. ▪ Order intake remained robust and the order backlog in Civil Engineering reached its highes
Slide 4: Revenue: Strong growth
Revenue: Strong growth Quarterly YoY +19% Rolling 12 YoY +25% EUR million EUR million 566,5 161,9 547,0 540,4 154,5 150,1 509,7 135,8 453,1 100,1 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 4
Slide 5: Operating profit: Increased earnings and improved margin
Operating profit: Increased earnings and improved margin Quarterly YoY +45% Rolling 12 YoY +21% EUR million EUR million 12,7 33,7 30,6 31,2 11,3 30,2 27,9 8,3 5,7 6,2% 8,2% 5,9% 6,0% 7,5% 5,8% 5,6% 5,1% 4,2% 1,5 1,5% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 5 Operating margin
Slide 6: Order intake: Remained robust, supporting growth
Order intake: Remained robust, supporting growth Quarterly YoY 0% Rolling 12 YoY +18% EUR million EUR million 615,2 615,1 581,0 180,8 183,3 180,6 523,0 508,4 132,8 118,3 1,2 1,1 1,1 1,1 1,0 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Book-to-bill R12 6
Slide 7: Order backlog: Well balanced backlog at its highest level to date
Order backlog: Well balanced backlog at its highest level to date Civil Engineering segment EUR million YoY +18% 501,6 472,7 424,7 404,1 380,3 372,3 381,0 340,6 323,4 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 7
Slide 8: Selection of new contracts
Selection of new contracts NEW PROJECT NEW PROJECT FRAME AGREEMENT EXTENSION North Bothnia Line contract Expansion of A-Train maintenance depot Aibel extension In May, NYAB signed a SEK 326 million contract In June, NYAB signed a turnkey contract with A- In May, Dovre Solutions extended its framewor
Slide 9: Selected early-involvement projects
Selected early-involvement projects PHASE 2 ORDER NEW EARLY-PHASE ASSIGNMENTS CONSTRUCTION PHASE INITIATED Uppsala tramway SSAB Early Works Agreements Mikkeli data centre In July, NYAB-AZVI AB received the Phase 2 order NYAB entered into two Early Works Agreements Construction activities commenced d
Slide 10: Long-term financial targets
Long-term financial targets Growth Profitability Capital structure Direct shareholder return KPI and target KPI and target KPI and target KPI and target Revenue growth Operating margin Net debt in relation to EBITDA Dividend > 10% > 7.5% < 1.5x > 35% of (previous year) net profit Outcome Q2’26 (R12)
Slide 11: Financials
FINANCIALS Peter Franks Interim CFO 11
Slide 12: Revenue
Revenue splits (R12) Revenue Civil Engineering 81% Comments Revenue Consulting 19% EUR million 161,9 ▪ Organic growth of 19% from Q2 2025. 154,5 150,1 Energy 46% ▪ Higher production arising from timing 135,8 effects / higher order intake / project Infrastructure 42% phasing. Industrial and other 11%
Slide 13: Profitability
Profitability Comments Operating profit and margin EUR million ▪ Operating profit increased 45% to EUR 12,7 8.3 million (5.7) 11,3 33.7 Operating profit R12, EURm ▪ Operating margin was 5.1% (4.2) 8,3 ▪ R12 operating profit increased 21% with an operating margin of 6% 5,7 +21% ▪ Healthy profitabilit
Slide 14: Financial position
Financial position Comments Free cash flow Net debt/EBITDA (R12) EUR million (x) 18,6 ▪ Free cash flow for the quarter was EUR 0,31x 1.8 million (5.5) 0,05x ▪ R12 free cash flow was EUR 35.6 9,3 million / LTM cash conversion rate of 88% of EBITDA 5,5 5,5 - 0,30x 1,8 - 0,42x ▪ Net (cash) debt of EUR
Slide 15: Civil Engineering
Business segment CIVIL ENGINEERING 15
Slide 16: Business Segment: Civil Engineering
Business Segment: Civil Engineering Order intake Order backlog Estimated value of Phase 1 EUR million EUR million & early-phase contracts 165,6 166,6 ~600 159,9 501,6 • Phase 1 & early-phase 472,7 contracts cover early stages 424,7 of project development 404,1 under various contract 381,0 structures
Slide 17: Business Segment: Civil Engineering
Share of total Group revenue, Share of total Group revenue, Business Segment: (R12) Q2/2026 81% 85% Civil Engineering Civil Engineering Sweden, 65% Civil Engineering Finland, 16% Civil Engineering Sweden, 60% Civil Engineering Finland, 25% Comments Revenue and Operating margin EUR million ▪ Civil En
Slide 18: Consulting
Business segment CONSULTING 18
Slide 19: Business Segment: Consulting
Share of total Group revenue, Share of total Group revenue, (R12) Q2/2026 Business Segment: 19% 15% Consulting, 19% Consulting, 15% Consulting Comments Revenue and Operating margin Order intake, book-to-bill EUR million EUR million ▪ Order intake declined and R12 book to bill to 0.7x. ▪ Revenue decr
Slide 20: Summary
SUMMARY Johan Larsson CEO 20
Slide 21: Summary
Summary ▪ Strong revenue growth and higher operating margin in the quarter, with further potential from early-phase assignment portfolio. ▪ Civil Engineering drove the improvement, supported by improved profitability in Sweden and increased activity in Finland. ▪ Robust order intake and the highest