Exsitec (EXS) investor relations material

Executive summary

• Q2 2026 delivered 12% net sales growth and 8% organic growth, driven by strong recurring software revenue and the acquisition of Amesto Solutions, which strengthened the Nordic market position, especially in Norway.

• Order intake increased by 8% year-over-year and 19% on an LTM basis, with recurring software revenue reaching SEK 246 million LTM, up 19% year-on-year.

• Adjusted EBITA for Q2 reached SEK 50 million, up 12% year-on-year, with a margin of 19.5%-20%.

• The integration of Amesto Solutions is underway, with expected cost synergies to be detailed in Q3.

• One-off costs of SEK 13 million were reported, mainly related to the Amesto acquisition and Norwegian restructuring.

Financial highlights

• Q2 2026 net sales reached SEK 255 million (up 12% year-on-year), with 8% organic growth; H1 2026 net sales totaled SEK 493 million (up 5%).

• Adjusted EBITA for Q2 was SEK 50 million (up 12%), margin 19.5%-20%; H1 adjusted EBITA was SEK 99 million (up 10%).

• LTM net sales reached 920 MSEK, with adjusted EBITA of 167 MSEK and an 18% margin.

• Recurring software revenue LTM was SEK 246 million, up 19% year-on-year, with 70% of this growth organic.

• Cash flow from operating activities in Q2 was SEK 64 million, up 36% year-on-year.

Outlook and guidance

• Order intake remains strong, supporting confidence for H2; market conditions are gradually improving, especially in Sweden.

• Strategic priorities for 2026 include expanding AI capabilities, growing Business NXT, and increasing organic growth.

• Financial goals: net sales and adjusted EBITA per share to grow at least 15% per year; net debt not to exceed 2x EBITDA; dividend payout policy of 20%-40% of profit after tax.

• Focus remains on long-term profitable growth, both organically and through acquisitions.