Nordex : Q1 statement / Q1 financial report 2026 (DE000A0D6554 Q1 2026 EQ E 00)

About this update from Nordex Se

Q1 2026 QUARTERLY STATEMENT FOR THE PERIOD FROM 1 JANUARY TO 31 MARCH 2026 ‌KEY FIGURES AT A GLANCE NORDEX GROUP KEY FIGURES 31.03.2026 31.03.2025 Change (%) Earnings Sales EUR million 1,587.7 1,435.2 10.6 Gross profit EUR million 466.1 391.1 19.2 EBITDA EUR million 130.7 79.6 64.3 EBIT EUR million 88.6 35.1 >100 Net income EUR million 53.6 7.9 >100 Free cash flow EUR million - 98.1 4.0 n.a. Capital expenditure EUR million 27.5 24.9 10.5 Earnings per share¹ EUR 0.23 0.03 >100 EBITDA margin % 8.2% 5.5% 2.7 PP Statement of financial position as of 31.03.2026 and 31.12.2025 Net Cash (Debt) EUR million 1,518.4 1,624.7 - 6.5 Total assets EUR million 6,905.9 6,752.0 2.3 Equity EUR million 1,336.5 1,283.3 4.1 Equity ratio % 19.4% 19.0% 0.4 PP Working capital ratio % - 9.0% -12.4% 3.4 PP Employees Employees (31.03) Number 11,202 10,559 6.1 Staff costs EUR million -227.7 -196.2 16.1 Company-specific performance indicators Order intake, projects segment EUR million 1,706.6 1,889.8 - 9.7 Order book, projects segment EUR million 10,495.2 8,248.7 27.2 Installations MW 1,155.5 1,045.8 10.5 Order intake, service segment EUR million 683.0 393.4 73.6 Order book, service segment EUR million 6,473.5 5,207.8 24.3 Turbine availability % 97% 97% - ¹ Earnings per share - based on a weighted average of 236.572 million shares (previous year: 236.450 million shares) 2 Nordex SE Quarterly statement Q1 2026 ‌CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2026 ASSETS EUR thousand 31.03.2026 31.12.2025 Cash and cash equivalents 1,829,082 1,928,922 Trade receivables 216,816 196,591 Contract assets from projects 1,302,704 1,305,227 Current contract assets from service 9,377 9,097 Inventories 1,076,803 1,007,935 Income tax receivables 37,668 36,935 Other current financial assets 89,911 61,612 Other current non-financial assets 220,712 205,033 Current assets 4,783,073 4,751,351 Property, plant and equipment 506,826 489,837 Goodwill 547,758 547,758 Capitalised development expenses 211,166 206,980 Prepayments made 90 90 Other intangible assets 12,844 13,442 Investments 815 807 Investments accounted for using the equity method 96,539 96,359 Non-current contract assets from services 36,296 32,882 Other non-current financial assets 35,492 27,696 Other non-current non-financial assets 11,147 18,082 Deferred tax assets 663,898 566,724 Non-current assets 2,122,872 2,000,656 Assets 6,905,944 6,752,008 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF 31 MARCH 2026 EQUITY AND LIABILITIES EUR thousand 31.03.2026 31.12.2025 Current liabilities to banks 34,077 34,075 Trade payables 1,947,140 2,125,191 Contract liabilities from projects 1,339,585 1,319,302 Current contract liabilities from services 39,048 41,139 Income tax payables 28,088 15,622 Other current provisions 341,241 296,411 Other current financial liabilities 75,731 68,110 Other current non-financial liabilities 517,670 457,492 Current liabilities 4,322,579 4,357,341 Non-current liabilities to banks 0 0 Non-current contract liabilities from services 208,076 203,944 Pensions and similar obligations 3,338 3,160 Other non-current provisions 180,999 180,932 Other non-current financial liabilities 438,702 412,314 Other non-current non-financial liabilities 1,857 1,778 Deferred tax liabilities 413,898 309,247 Non-current liabilities 1,246,869 1,111,375 Subscribed capital 236,849 236,450 Capital reserves 894,245 886,980 Other retained earnings -11,007 -11,007 Cash flow hedge reserve 11,637 136 Reserve for cash flow hedge costs -10 -161 Foreign currency adjustment item -159,784 -140,028 Consolidated net profit carried forward 305,070 305,070 Consolidated net profit (after allocation of profit or loss) 53,751 0 Share in equity attributable to shareholders of the parent 1,330,752 1,277,440 Non-controlling interests 5,745 5,850 Equity 1,336,496 1,283,291 Equity and liabilities 6,905,944 6,752,008 CONSOLIDATED INCOME STATEMENT FOR THE PERIOD FROM 1 JANUARY TO 31 MARCH 2026 EUR thousand 1.1.2026 - 31.3.2026 1.1.2025 - 31.3.2025 Sales 1,587,699 1,435,221 Changes in inventories and other own work capitalized - 6,959 120,216 Gross revenue 1,580,740 1,555,436 Cost of materials -1,114,648 -1,164,298 Gross profit 466,092 391,138 Other operating income 7,332 8,592 Other operating expenses -115,061 -123,988 Staff costs -227,692 -196,188 Structural costs -335,421 -311,585 EBITDA 130,671 79,553 Depreciation/amortisation - 42,105 - 44,438 EBIT 88,566 35,116 Loss from equity-accounting method - 471 -912 Other interest and similar income 9,270 6,045 Interest and similar expenses -18,475 -28,992 Financial result -9,675 -23,859 Net profit from ordinary activities 78,891 11,256 Income tax -25,245 -3,377 Consolidated net profit 53,646 7,879 Of which attributable to shareholders of the parent 53,751 7,941 non-controlling interests -106 - 62 Earnings per share (in EUR) Basic 1 0.23 0.03 Diluted 2 0.22 0.03 1 based on a weighted average of 236.572 million shares (previous year: 236.450 million shares) 2 based on a weighted average 259.719 million shares (previous year: 236.635 million shares) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD FROM 1 JANUARY TO 31 MARCH 2026 EUR thousand 1.1.2026 - 31.3.2026 1.1.2025 - 31.3.2025 Consolidated net profit 53,646 7,879 Other comprehensive income Items that may be reclassified to profit or loss Foreign currency translation difference -19,755 3,311 Cash flow hedges 16,913 -22,012 Deferred taxes - 5,412 7,044 Cash flow hedge costs 222 409 Deferred taxes -71 -131 Consolidated comprehensive income 45,542 -3,500 Of which attributable to shareholders of the parent 45,648 -3,438 non-controlling interests -106 - 62 CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD FROM 1 JANUARY TO 31 MARCH 2026 EUR thousand 1.1.2026 - 31.3.2026 1.1.2025 - 31.3.2025 Operating activities Consolidated net profit plus depreciation/ amortization 53,646 7,879 + Depreciation/amortization of non-current assets 42,105 44,438 = Consolidated profit plus depreciation/ amortization 95,751 52,317 - Increase in inventories - 68,868 -72,786 - Increase in trade receivables -20,225 -17,362 + Decrease in contract assets from projects 2,522 29,230 - Decrease in trade payables -178,052 -175,373 + Increase in contract liabilities from projects 20,283 165,717 = Payments made from changes in working capital -244,340 -70,574 - /+ Increase/decrease in other assets not allocated to investing or financing activities -139,583 13,524 + Increase in pensions and similar obligations 178 331 + Increase in other provisions 44,897 8,942 + Increase in other liabilities not attributed to investing or financing activities 149,714 436 + Loss from the disposal of non-current assets 618 7,177 - Other interest and similar income -9,270 - 6,045 + Interest received 6,558 4,275 + Interest and similar expenses 18,475 28,992 - Interest paid/transaction costs - 6,019 -24,343 + Income tax 25,245 3,377 - Taxes paid -10,235 -9,651 - /+ Other non-cash expenses/income -1,328 17,140 = Payments received from other operating activities 79,249 44,156 = Cash flow from operating activities - 69,339 25,899 EUR thousand 1.1.2026 - 31.3.2026 1.1.2025 - 31.3.2025 Investing activities + Payments received from the disposal of property, plant and equipment/intangible assets 179 564 - Payments made for investments in property, plant and equipment/intangible assets -27,492 -24,875 + Payments received from the disposal of long-term financial assets 0 2,438 - Payments made for investments in long-term financial assets -1,450 0 = Cash flow from investing activities -28,763 -21,873 Financing activities + Proceeds from capital increase 6,237 0 - Lease liabilities repaid -10,731 -9,818 = Cash flow from financing activities - 4,493 -9,818 Net change in cash and cash equivalents -102,596 - 5,792 + Cash and cash equivalents at the beginning of the period 1,928,922 1,151,438 +/ - Exchange rate-induced change in cash and cash equivalents 2,755 -13,778 = Cash and cash equivalents at the end of the period (Cash and cash equivalents as shown in the consolidated statement of financial position) 1,829,082 1,131,867 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD FROM 1 JANUARY TO 31 MARCH 2026 EUR thousand Subscribed capital Capital reserves Other retained earnings Cash flow hedge reserve Reserve for cash flow hedge costs Foreign currency adjustment item Consolidated net profit carried forward Consolidated net profit Share in equity attributable to shareholders of the parent Non-controlling interests Total 1.1.2026 236,450 886,980 -11,007 136 -161 -140,028 305,070 0 1,277,440 5,850 1,283,291 Capital increase Additions from capital increase 399 5,838 0 0 0 0 0 0 6,237 0 6,237 Employee stock option program 0 1,426 0 0 0 0 0 0 1,426 0 1,426 Consolidated comprehensive income 0 0 0 11,501 151 -19,755 0 53,751 45,648 -106 45,542 Consolidated net profit/loss 0 0 0 0 0 0 0 53,751 53,751 -106 53,646 Other comprehensive income Items that may be reclassified to profit or loss Foreign currency translation difference 0 0 0 0 0 -19,755 0 0 -19,755 0 -19,755 Cash flow hedges 0 0 0 16,913 0 0 0 0 16,913 0 16,913 Deferred taxes 0 0 0 - 5,412 0 0 0 0 - 5,412 0 - 5,412 Cash flow hedge costs 0 0 0 0 222 0 0 0 222 0 222 Deferred taxes 0 0 0 0 -71 0 0 0 -71 0 -71 31.3.2026 236,849 894,245 -11,007 11,637 -10 -159,784 305,070 53,751 1,330,752 5,745 1,336,496 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD FROM 1 JANUARY TO 31 MARCH 2025 EUR thousand Subscribed capital Capital reserves Other retained earnings Cash flow hedge reserve Reserve for cash flow hedge costs Foreign currency adjustment item Consolidated net loss carried forward Consolidated net profit Share in equity attributable to shareholders of the parent Non-controlling interests Total 1.1.2025 236,450 1,099,421 -11,001 6,876 - 590 -154,451 -186,052 0 990,652 5,965 996,617 Employee stock option program 0 1,095 0 0 0 0 0 0 1,095 0 1,095 Consolidated comprehensive income 0 0 0 -14,968 278 3,311 0 7,941 -3,438 - 62 -3,500 Consolidated net profit/loss 0 0 0 0 0 0 0 7,941 7,941 - 62 7,879 Other comprehensive income Items that may be reclassified to profit or loss Foreign currency translation difference 0 0 0 0 0 3,311 0 0 3,311 0 3,311 Cash flow hedges 0 0 0 -22,012 0 0 0 0 -22,012 0 -22,012 Deferred taxes 0 0 0 7,044 0 0 0 0 7,044 0 7,044 Cash flow hedge costs 0 0 0 0 409 0 0 0 409 0 409 Deferred taxes 0 0 0 0 -131 0 0 0 -131 0 -131 31.3.2025 236,450 1,100,516 -11,001 - 8,093 -312 -151,140 -186,052 7,941 988,310 5,904 994,213 ‌RESPONSIBILITY STATEMENT To the best of our knowledge, and in accordance with the applicable reporting principles for interim reporting, the interim consolidated financial statements for the first three months as at 31 March 2026 give a true and fair view of the assets, liabilities, financial position and profit or loss of the group, and the interim management report of the Group includes a fair review of the development and performance of the business and the position of the group, together with a description of the material opportunities and risks associated with the expected development of the group for the remaining months of the financial year. Nordex SE, Rostock, April 2026 José Luis Blanco, Chairman of the Management Board Dr. Ilya Hartmann, Member of the Management Board ‌FINANCIAL CALENDAR, PUBLISHING INFORMATION AND CONTACT FINANCIAL CALENDAR Date 4/27/2026 Publication of quarterly financial report (call-date Q1) 5/5/2026 Annual General Meeting 7/29/2026 Publication of half-yearly financial report 10/30/2026 Publication of quarterly financial report (call-date Q3) PUBLISHING INFORMATION AND CONTACT DISCLAIMER This Quarterly Report contains forward-looking statements that relate to macroeconomic developments, the business and the net assets, financial position and results of operations of the Nordex Group. Forward-looking statements by definition do not depict the past and are in some instances indicated by words such as "believe", "anticipate", "predict", "plan", "estimate", "aim", "expect", "assume" and similar expressions. Forward-looking statements are based on the Company's current plans, estimates, projections and forecasts, and are therefore subject to risks and uncertainties that could cause actual development or the actual results or performance to differ materially from the development, results or performance expressly or implicitly assumed in these forward-looking statements. Readers of this Quarterly Report are expressly cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Quarterly Report. Nordex SE does not PUBLISHED BY Nordex SE Investor Relations Langenhorner Chaussee 600 22419 Hamburg Germany Telephone + 49 40 30030 - 1000 Fax + 49 40 30030 - 1101 https://www.nordex-online.com [email protected] EDITING & TEXT Nordex SE, Hamburg PHOTOGRAPHY Nordex SE, Hamburg CONSULTING, CONCEPT & DESIGN Silvester Group https://www.silvestergroup.com intend and does not undertake any obligation to revise these forward-looking statements. The English version of the Quarterly Report constitutes a translation of the original German version. Only the German version is legally binding. NORDEX SE Investor Relations Langenhorner Chaussee 600 22419 Hamburg Germany Telephone + 49 40 30030 - 1000 Fax + 49 40 30030 - 1000 https://www.nordex-online.com [email protected]

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