Q2-26: Progress driven by good seasonal sales and cost reductions

Komplett ASA

Oslo, 17 July 2026: In the second quarter, Komplett Group delivered improved
performance, as sales efforts and strong seasonal demand mitigated market
headwinds in the gaming and components categories. Disciplined cost management
continued to support profitability improvements, and the group maintained a
solid financial position.

Operating revenue increased by 4.2 per cent in the second quarter of 2026, from
NOK 3 431 million to NOK 3 575 million (+7.3 per cent in constant currency),
supported by good commercial execution and continued positive macroeconomic
conditions.

Gross margin reached 14.1 per cent, reflecting a decline of 0.5 percentage
points compared with the same period last year. The year-over-year development
was impacted by changes in product and segment mix as well as increased freight
costs and targeted price-volume rebalancing in selected product areas.

Operating expenses were reduced by 6.8 per cent as favourable currency
translation effects complemented cost reduction measures and continued
disciplined cost management.

EBIT adj. amounted to NOK 17 million in the second quarter, representing an
improvement of NOK 39 million compared with negative NOK 22 million in the same
period of 2025.

At the end of June, the group's leverage ratio, defined as NIBD / LTM EBITDA
(adjusted for certain items), was 2.4x, down from 3.8x in the same period last
year. The financial position remains controlled and well in line with the agreed
financial arrangements, supported by a solid liquidity reserve of NOK 1 053
million.

The market outlook is characterised by continued headwinds and market
uncertainty associated with price increases for memory chips and fewer product
launches, yet supported by generally positive macroeconomic conditions. Komplett
Group continues to actively adapt and strengthen the commercial proposition
across both established and growth categories, while driving operational
efficiencies and maintaining cost discipline.

"The second quarter of 2026 demonstrated progress across the group, supported by
good commercial execution, operational improvements and a structurally leaner
cost base, in a market environment marked by continued uncertainty," says
Vebjørn Torsetnes, President and CEO of Komplett ASA.

"I believe we are still in the early stages of unlocking the full potential of
the group. A key priority going forward will be to increase the pace of
integration across the group to realise further efficiencies and economies of
scale, while creating better customer experiences," Torsetnes adds.

The presentation material and report for the second quarter of 2026 are attached
to this notice.

A presentation of the results will be held by CEO Vebjørn Torsetnes and CFO
Thomas Røkke at 09:00 CEST in Storstua at Sommerro, Sommerrogata 1, Oslo.

The event will also be made available via a live webcast. Please use the
following link to register and view the webcast:

https://qcnl.tv/p/BZJUeYZpf4vjW3QO6VCS8g

Questions will be addressed towards the end of the presentation. A recorded
version of the webcast will be available shortly after the webcast has
concluded.

For further inquiries, please contact:

Thomas Røkke, CFO
Thomas.Rokke@komplett.com

About Komplett ASA
Komplett Group is a leading online-first electronics and IT products retailer,
operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and
distribution markets, the Group is deeply focused on delivering best-in-class
customer experience, built through decades of know-how, expertise and deep
customer commitment. Komplett Group operates an efficient and scalable business
model that supports cost leadership and enables a competitive product offering.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Elise Heidenreich, Investor Relations adviser, at
the date and time as set out above.

More information:
Access the news on Oslo Bors NewsWeb site

678348_Komplett_Q2_26_Presentation.pdf
678348_Komplett_Q2_26_Report.pdf