FULLTEXT DEL 1 AV 1

Kvartalsrapport Q3 2025

===== SIDA 1 =====

Interim Report
Q3 2025

===== SIDA 2 =====

Third quarter 2025
Higher result for the Group and improved order intake for new cars
Third quarter 2025
• Net turnover amounted to SEK 9,717 M (8,984), an
increase of 8 per cent.
• Operational earnings amounted to SEK 310 M
(281). The higher operational earnings were mainly
attributable to Sweden.
• Operating profit amounted to SEK 284 M (216) and
included profit from divestment of properties in
Sweden of SEK 35 M.
• Net profit for the period amounted to SEK 191 M (105).
Earnings per share amounted to SEK 2.07 (1.15).
• Operating cash flow amounted to SEK 792 M (480) and
included divestment of properties of SEK 303 M.
Nine months 2025
• Net turnover amounted to SEK 30,204 M (28,923), an
increase of 4 per cent.
• Operational earnings amounted to SEK 1,002 M (1,024).The
lower operational earnings were attributable to Sweden,
while Norway and Western Europe reported higher results.
• Operating profit amounted to SEK 901 M (846) and
included profits from divestment of operation and
properties in Sweden of SEK 62 M.
• Net profit for the period amounted to SEK 532 M (467).
Earnings per share amounted to SEK 5.76 (5.08).
• Operating cash flow amounted to SEK 1,433 M (1,303) and
included divestment of properties of SEK 303 M.
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Net turnover 9,717 8,984 30,204 28,923 40,433 39,151
Operational earnings 1) 310 281 1,002 1,024 1,422 1,444
Operational margin, % 3.2 3.1 3.3 3.5 3.5 3.7
Operating profit 284 216 901 846 1,252 1,197
Operating margin, % 2.9 2.4 3.0 2.9 3.1 3.1
Profit before tax 199 133 632 596 899 863
Net profit for the period 191 105 532 467 727 662
Earnings per share, SEK 2) 2.07 1.15 5.76 5.08 7.90 7.19
Operating cash flow 792 480 1,433 1,303 1,722 1,592
1) For reconciliation of operational earnings with operating profit, see Note 3.
2) The number of shares used in the calculation is shown in the Consolidated Statement of Income and Other Comprehensive Income.
2 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 3 =====

Higher result and focus on efficiency
Third quarter
Our operational earnings for the quarter
amounted to SEK 310 M, which was
SEK 9 M higher than last year. The higher
result was mainly attributable to the
Service Business, but also the Car Business
reported a higher result on sales of new
cars.
Underlying order intake for new cars was
20 per cent higher than the previous year.
Operating cash flow remained strong and
amounted to SEK 792 M for the quarter.
Net debt to EBITDA amounted to 1.5 times,
compared to 1.7 times at year-end.

Focus on efficiency and
profitability
Our focus is to ensure increased efficiency,
profitability and customer satisfaction for
our existing operations. We continuously
review our operations with the aim of
optimising processes and streamlining
the organisation. As a result, we are now
implementing an efficiency program
with annual savings of approximately
SEK 150 M, which will be fully implemented
during the second half of 2026 with an
estimated one-off cost of approximately
SEK 25 M, which is expected to affect the
fourth quarter of 2025.

The Service Business grows
organically
The Service Business reported a SEK 12 M
higher result in the third quarter com-
pared with the previous year. During the
quarter, we noted a normalized level of
activity among our customers, although
the number of booking days was still
slightly lower than normal.
Our Service Business is characterized
by stable demand, which is essentially
independent of cyclical fluctuations. The
rapid technological development of cars,
especially the increased integration of
electronics and digital systems, has led
to a growing need for advanced service
skills.
In the third quarter, organic growth
in the Service Business was 4 per cent
and operational earnings amounted
to SEK 233 M, which was 72 per cent of
the Group’s profit. We expect continued
stable demand for our Service Business
for the remainder of 2025.
Ready for continued growth
During the quarter, we welcomed new
businesses to the Bilia family. During the
quarter, we acquired a complementary
business for Jaguar and Land Rover, which
is located in a modern full-service facility
with an attractive location in Bergen,
Norway.
We are in the process of integrating the
recently acquired Volvo Truck business,
which will be called Bilia Trucks in the
future. We strongly believe in Volvo Trucks
and hope to be able to grow this business
to become a significant part of Bilia in the
long term. Volvo Trucks is a leading player
in the Swedish market, where the Service
Business makes up a relatively larger
part of the business, as it is important for
customers that the truck is always in full
operation.
The customer’ s market when
buying a car
For used car sales, we believe the remain-
der of 2025 will be characterized by a
large supply of electric cars in the market.
We currently have low stocks of used cars
in Sweden and are well prepared.
For sales of new cars, we continue to
believe in increased activity from private
customers and to some extent also from
corporate customers.
In combination with assessments of a
gradually improving economic situation,
we see a cautiously positive develop-
ment for demand for new cars during the
remainder of 2025.
Per Avander
Managing Director and CEO
KOMMENTAR FRÅN VD
Underlying order
intake for new cars
was 20 percent higher
compared to the previous
year and, together with
a gradually improving
economic situation, we
see a cautiously positive
development for demand for
new cars.”
THE MANAGING DIRECTOR’S COMMENTS
3 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 4 =====

Group results
Net turnover and earnings
Third quarter 2025
Net turnover amounted to SEK 9,717 M (8,984). Adjusted
for acquired and divested operations and for exchange
rate fluctuations, net turnover increased by 6 per cent .
Exchange rate fluctuations had a negative impact on net
turnover with approximately SEK 100 M compared to the
previous year.
Operational earnings amounted to SEK 310 M (281),
and the operational margin was 3.2 per cent (3.1).
The Service Business reported a result of SEK 233 M (221).
The Car Business reported a result of SEK 81 M (73).
The Fuel Business reported a result of SEK 7 M (3).
The operation in Sweden reported a result of SEK 234 M
(206). The margin was 3.6 per cent (3.6). The operation
in Norway reported a result of SEK 45 M (41). The margin
was 2.1 per cent (1.8). The operation in Western Europe
reported a result of SEK 43 M (50). The margin was 4.0
per cent (5.1). In Sweden, the higher result was mainly at-
tributable to sales of new cars in the Car Business but also
the Service Business reported a higher result.
Operating profit amounted to SEK 284 M (216). Oper-
ating profit included profit from divestment of properties
in Sweden of SEK 35 M and result from interests in joint
ventures of SEK –3 M (–16).
Net financial items amounted to SEK –85 M (–83), the
net is negatively impacted by higher interest expenses
attributable to lease liabilities for additional right-of-use
assets and positively impacted by lower interest expenses
related to interest-bearing debt.
Tax amounted to SEK –8 M (–28). The effective tax rate
was 4 per cent (21) and was mainly affected by non-taxa-
ble profit from divestment of properties in Sweden.
Net profit for the period amounted to SEK 191 M (105).
Earnings per share amounted to SEK 2.07 (1.15). Ex-
change rate fluctuations did not have a material impact
on net profit for the period compared to the previous year.
The number of employees increased by 166 during the
quarter and totalled 5,663. Adjusted for acquired opera-
tions, the number of employees decreased by 46 people.
The operating result for the Parent Company during
the quarter amounted to SEK –18 M (–23). The result was
positively impacted by the revaluation of pension related
endowment insurances compared to the previous year.
Nine months 2025
Net turnover amounted to SEK 30,204 M (28,923). Adjust-
ed for acquired and divested operations and for exchange
rate fluctuations, net turnover increased with 2 per cent.
Exchange rate fluctuations had a negative impact on net
turnover with approximately SEK 350 M compared to the
previous year.
Operational earnings amounted to SEK 1,002 M (1,024),
and the operational margin was 3.3 per cent (3.5).
The Service Business reported a result of SEK 796 M (794).
The Car Business reported a result of SEK 274 M (304).
The Fuel Business reported a result of SEK 28 M (24).
The operation in Sweden reported a result of SEK 722 M
(792). The margin was 3.7 per cent (4.1). The operation in
Norway reported a result of SEK 192 M (160). The margin
was 2.8 per cent (2.4). The operation in Western Europe
reported a result of SEK 183 M (170). The margin was 5.1
per cent (5.4). In Sweden, the lower result was attributable
to both the Service Business and the Car Business. In Nor-
way and Western Europe, the higher results were attribut-
able to both the Service Business and the Car Business.
Q/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tf
Net turnover SEK M
Net turnover
Net turnover SEK M, R/one.tf/two.tf
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/three.tf/eight.tf,/zero.tf/zero.tf/zero.tf
/four.tf/zero.tf,/zero.tf/zero.tf/zero.tf
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/zero.tf
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Operational earnings SEK M
Operational earnings and margin
Margin %, R/one.tf/two.tf
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/six.tf./zero.tf
GROUP RESUL TS 4 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 5 =====

A better
experience
At Bilia we strive for continuous development,
to be a little better each day, whatever our title
or position. Working in a goal-conscious way
founded on our vision, core values and
customer promise creates a positive spiral,
enabling us to exceed expectations and
provide a better experience for cus tomers and
colleagues alike.
GROUP RESUL TS
Operating profit amounted to SEK 901 M (846). Operat-
ing profit included profit from divestment of operation of
SEK 27 M, profit from divestment of properties in Sweden
of SEK 35 M and result from interests in joint ventures of
SEK –8 M (–35).
Net financial items amounted to SEK –269 M (–250),
the change being explained by higher interest expenses
mainly attributable to lease liabilities related to addition-
al right-of-use assets.
Tax amounted to SEK –99 M (–129). The effective tax
rate was 16 per cent (22) and was mainly affected by
non-taxable profit on the divestment of operation and
properties in Sweden.
Net profit for the period amounted to SEK 532 M (467).
Earnings per share amounted to SEK 5.67 (5.08).
Exchange rate fluctuations did not have a material im-
pact on net profit for the period compared to the previ-
ous year.
The number of employees increased by 104 during the
year and totalled 5,663. Adjusted for acquired and divest-
ed operations, the number of employees decreased by
14 people.
The operating result for the Parent Company amount-
ed to SEK –108 M (–105).
Net turnover by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Sweden 6,515 5,702 19,631 19,194 26,285 25,849
Norway 2,125 2,263 6,901 6,562 9,258 8,919
Western Europe 1,059 986 3,623 3,113 4,820 4,310
Parent Company, other 18 32 50 54 69 73
Total 9,717 8,984 30,204 28,923 40,433 39,151
Operational earnings by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Sweden 234 206 722 792 1,043 1,113
Norway 45 41 192 160 264 231
Western Europe 43 50 183 170 253 239
Parent Company, other –11 –17 –95 –98 –137 –139
Total 310 281 1,002 1,024 1,422 1,444
Operational margin by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024Per cent 2025 2024 2025 2024
Sweden 3.6 3.6 3.7 4.1 4.0 4.3
Norway 2.1 1.8 2.8 2.4 2.8 2.6
Western Europe 4.0 5.1 5.1 5.4 5.2 5.5
Total 3.2 3.1 3.3 3.5 3.5 3.7
5 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 6 =====

Operating cash flow
Operating cash flow for the quarter amounted to
SEK 792 M (480) and was positively affected by divest-
ment of properties in Sweden by SEK 303 M. After acqui-
sition of operations and changes in financial assets, cash
flow for the quarter amounted to SEK 341 M (447).
Financial position
The balance sheet total increased by SEK 154 M during
the year and amounted to SEK 20,814 M. The increase
was mainly attributable to cash and cash equivalents,
relating to the repayment of the bond loan of SEK 500 M
that matured 1 October 2025.
Equity decreased by SEK 34 M during the year, amount-
ing to SEK 4,903 M. The AGM 2025 decided on a dividend
to shareholders of SEK 518 M, of which SEK 260 M has
been paid out during the year. Bilia shares in own custody
have been used during the year with a total of 28,000
shares valued at SEK 4 M as a part of the purchase price
for the acquisition of Lunds Bil i Varberg AB. The total
holding of own shares as of 30 September 2025 was
3,745,992 shares. The equity/assets ratio amounted to
24 per cent (23).
Net debt decreased by SEK 116 M during the year and
amounted to SEK 7 ,940 M. Net debt excluding lease liabili-
ties attributable to IFRS 16 amounted to SEK 2,545 M, a
decrease of SEK 363 M since December 2024. The ratio
of net debt to EBITDA excluding IFRS 16 amounted to
1.5 times, compared to 1.7 times at the end of 2024.
During the year, a total dividend of SEK 412 M was paid
out. During the year, SEK 384 M was paid for acquisi-
tion of operations, while an amount of SEK 548 M was
received from divestment of operation and properties in
Sweden. The divestment of properties financed the ac-
quisition of the Volvo Trucks operation, which means that
the acquisition was made without any significant impact
on Bilia’s net debt.
At the end of the quarter, SEK 607 M of Bilia’s credit
with the banks was utilised. The credit limit with Nordea
and DNB totals SEK 2,300 M. During the first quarter,
a bond loan of SEK 800 M was issued with a term of 5
years. The bond loan was raised to refinance a bond loan
of SEK 500 M that was repaid 1 October 2025 and to
finance general corporate purposes, including acquisi-
tions and investments.
Investments
Acquisitions of non-current assets during the quarter
amounted to SEK 127 M (120) excluding leased vehi-
cles and SEK 358 M (316) including leased vehicles.
By geographical market, the investments amounted to
SEK 188 M (191) in Sweden, SEK 92 M (97) in Norway,
SEK 21 M (14) in Western Europe and SEK 56 M (15) for the
Parent Company and other central operations.
Q/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tf
Operating cash flow SEK M, R/one.tf/two.tf
Operating cash flow
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Net debt SEK M
Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf
Net debt/EBITDA times, R/one.tf/two.tf
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/one.tf./zero.tf
/one.tf./five.tf
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Investments SEK M, R/one.tf/two.tf
Investments in non-current assets
in % of net turnover, R/one.tf/two.tf
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/one.tf,/zero.tf/zero.tf/zero.tf
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/two.tf,/five.tf/zero.tf/zero.tf
/zero.tf./zero.tf
/two.tf./zero.tf
/four.tf./zero.tf
/six.tf./zero.tf
/eight.tf./zero.tf
/one.tf/zero.tf./zero.tf
GROUP RESUL TS 6 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 7 =====

Events during the third quarter
• On 18 August, Bilia announced that an agreement
had been reached to acquire the business of Jaguar
and Land Rover today conducted by Sandven AS. The
business acquired includes sales of new and used cars
as well as service operations and is conducted in a
modern full-service facility with an attractive location in
Bergen. During the 2024 financial year, Sandven AS sales
amounted to approximately NOK 280 M with an operating
margin of 3.5 per cent. The number of employees was 29
at the end of 2024. The purchase price was NOK 55 M.
The acquisition was effectuated on 20 September.
Events during the first 6 months
• On 22 May, Bilia announced that an agreement had been
reached to acquire BRK Lastvagnar Holding AB, owner
of T age Rejmes Lastvagnar AB and T age Rejmes i Örebro
Lastvagnar AB. The companies’ operations consist of
sales and service with related services for Volvo Trucks.
The operations are conducted in nine facilities in central
Sweden. During the 2024 financial year, sales amounted
to approximately SEK 1,000 M, with an operating
margin of 4.5 percent. The number of employees was
approximately 160 people. The purchase price on a
debt and cash-free basis amounts to SEK 350 M. The
acquisition was financed mainly through divestment of
properties in Sweden. The acquisition was effectuated on
1 July.
• On 30 June, Bilia announced that an agreement had
been reached to divest six properties in Sweden located
in Helsingborg, Malmö, Eskilstuna, Södertälje and
Trollhättan to Stenhus Fastigheter. The properties are
used for operations for the Porsche, BMW and Toyota
brands. The purchase price was SEK 299 M before
Notable events
NOT ABLE EVENTS
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOT ABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 8 =====

NOT ABLE EVENTS
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Car purchase
Financing, insurance, the
Bilia-card, service subscrip-
tions, tyre hotels, paint
shops, accessory and tyre
and wheel sales.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Store
Accessories, spare parts
and e-commerce.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Stations
Fuels and car washes.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Tyre centres
Tyre hotels, wheel change,
tyre and wheel sales and
workshop services.
Rim repair
Renovation of rims.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Service
Original service, personal
service technicians and
repairs.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Car glass
Glass treatment, glass
repair and windscreen
replacement.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Car care
Reconditioning and
AC-cleaning.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort,
serviceabonnemang, däckhotell,
lackbehandling samt tillbehörs-
& däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad, buckelborttagning och
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Damage
Roadside assistance,
body shop, paint shop
and dent removal.
Kundservice
T elefon & online.
Reuse
Bildemontering & bildelar
7 BIL I A Å R S R E D O VIS NING 2 0 1 9
A f f ä r s m odell o c h s t r a t e g i
Butik
Tillbehör, reservdelar
& e-handel.
Glascenter
Glasbehandling, glas-
reparation & vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning & verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort, serviceabonnemang,
däckhotell, lackbehandling samt tillbehörs- & däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker & reparationer
Stationer
Drivmedel & biltvätt.
Bilvård
Rekonditionering
& AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad & buckelborttagning
Hyrbilar
Uthyrning & Flexlease
Rental cars
Rentals and Flexlease.
Kundservice
T elefon & online.
Reuse
Bildemontering & bildelar
7 BIL I A Å R S R E D O VIS NING 2 0 1 9
A f f ä r s m odell o c h s t r a t e g i
Butik
Tillbehör, reservdelar
& e-handel.
Glascenter
Glasbehandling, glas-
reparation & vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning & verkstadstjänster.
Bilköp
Finansiering, försäkring, biliakort, serviceabonnemang,
däckhotell, lackbehandling samt tillbehörs- & däckförsäljning.
Servicecenter
Originalservice, personlig
servicetekniker & reparationer
Stationer
Drivmedel & biltvätt.
Bilvård
Rekonditionering
& AC- rengöring
Skadecenter
Vägassistans, plåtverkstad,
lackverkstad & buckelborttagning
Hyrbilar
Uthyrning & Flexlease
Car dismantling
Dismantling, reuse and sales
of used car parts.
We offer services for everything related to car ownership during
the car’s entire life cycle, from the purchase of a new car
to recycling parts from a dismantled car.
deduction for deferred tax. The new property owner
took possession on 3 July.
• On 10 February, Bilia announced it was considering
issuing senior unsecured floating rate bonds with an
expected issue volume of SEK 800 M and an expected
maturity of five years. Bilia further announced that on
5 February it became aware that collateral amounting to
SEK 250 M did not constitute permitted security under the
terms of the 2020/2025 bonds, and therefore represented
a technical breach of negative pledge undertakings. Bilia
announced that it had initiated a written procedure to seek
the bondholders’ consent to amend the relevant terms.
• On 10 February, Bilia announced that Sanna Lindgren has
been appointed as the new HR Director and will be part of
Bilia’s Group Management. Sanna joins Bilia from Lindex,
and has a broad background in HR with experience from
various management positions.
• On 13 February, Bilia announced that the required
majority had been secured to approve amendment of
the relevant terms of the 2020/2025 bonds, and that a
consent fee of 1.5 per cent of the nominal amount will be
paid to the bondholders.
• On 14 February, Bilia announced that it had issued new
unsecured bonds totalling SEK 800 M with a maturity of
five years. The interest rate was 3m STIBOR plus 190 basis
points.
• On 3 March, Bilia announced that it had decided to
transfer 28,000 shares to Lunds Bil i Varberg Holding
AB at a price of SEK 143.07 per share, based on the
authorisation granted by the 2024 AGM. The shares
were transferred as part of the consideration for Bilia’s
acquisition of Lunds Bil i Varberg AB. The acquisition was
effectuated on 3 March.
• On 24 March, Bilia announced that it had signed a
partnership agreement with Lynk & Co Sales Sweden AB
to become a full-service partner for sales and servicing
of new cars. Bilia will initially offer sales at five facilities in
Sweden, with plans for future expansion.
Events after the balance sheet date
• On 9 October, Bilia announced the expansion with
Polestar in Sweden through the opening of additional
facilities in three locations. The expansion will take
place in existing properties with the same cost
structure and is planned to be completed in early 2026.
• No other significant events have occurred after the
balance sheet date.
Further information about the above mentioned events
along with other press information is available at
bilia.com.
8 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOT ABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 9 =====

We aim to generate annual growth above 5 per cent over
a business cycle. Average growth over the past five years
has been 6 per cent, and between 2012 and 2024 our
turnover has more than doubled from SEK 17 .7 Bn to SEK
39.2 Bn, while the number of employees has increased
almost 50 per cent. During the period, we grew as much
organically as through acquisitions.
Growth in existing businesses
Our ongoing efforts to improve and develop the existing
business ensure that we can grow organically in the best
way possible, while maintaining or improving profitability.
We are continuing to work on our MobiliaCare operational
area, which focuses on products and services that are
common to all car brands.
Growth through acquisitions
Bilia has a broad and well-established position as regards
car brands, service business and geographical presence.
Over the past decade we have made some 50 acquisi-
tions, which has entailed expansion into new countries,
new car brands and new service areas. In light of the
ongoing consolidation in the industry, we see good op-
portunities to create continued growth through acquisi-
tions in areas of strategic importance to us. We want to
grow in Sweden, Norway, Luxembourg and Belgium, but
other European countries may also be of interest should
the right opportunity arise. Our aim is also to grow the
Service Business by making acquisitions in existing and
new areas of operation. Well-planned, strategically suita-
ble acquisitions contribute to organic growth through our
focus on efficiency and improvement, especially within
the Service Business.
A sustainable growth strategy
GROWTH STRA TEGY
LBs Lastbilar AB
Kokstad

Autosenter ASBil1Din Holding AB
AS Insignia
M Bilar Group AB
Carlo Schmitz S.à r.lLunds Bil i Varberg AB
Holmgrens

Truck-Motor AB Bilcentergruppen Sörmland ABB MotorGroup Stockholm AB
Bil AB Ove Olofsson &
Olofsson Däckcenter AB
Söderbergs Person
-
bilar i Norrköping ABHellgrens Lastvagns
-
service AB & Skellefteå

Billackering AB
2022 2023 2024 2025
 VÅRA BILVARUMÄRKEN
Tage Rejmes Lastvagnar AB
Tage Rejmes i Örebro

===== SIDA 10 =====

Higher result and organic growth in the Service Business
Turnover and earnings
Third quarter 2025
During the quarter, sales in the Service Business in-
creased organically by 4 per cent which was attributable
to all of our countries of operation. Demand for servicing
in Sweden recovered from lower demand in the second
quarter even though the booking times remained on
a shorter level than normal . The 10 per cent higher
deliveries of new cars had a positive effect on turnover in
our delivery workshops. The organic growth is adjusted
for acquired and divested operations, exchange rate
fluctuations, and the number of working days compared
to the previous year.
During the quarter, there was an equal number of
working days in all countries except for Belgium where
there was one fewer working day.
Operational earnings amounted to SEK 233 M (221),
and the margin amounted to 10.2 per cent (10.4). In
Sweden, operational earnings amounted to SEK 190 M
(182). In Norway, operational earnings amounted to
SEK 24 M (20). In Western Europe, operational earnings
amounted to SEK 19 M (19). The higher result in the
Service Business was attributable to higher turnover
compared to the previous year.
The booking situation for our workshops during the
quarter has remained on a somewhat low level for
Sweden and on a good level for Norway and Western
Europe.
Serviceaffären
Third quarter 2025
• Turnover amounted to SEK 2,290M (2,136), an
increase of 7 per cent.
• Operational earnings amounted to SEK 233 M
(221).
• The margin was 10.2 per cent (10.4).
Nine months 2025
• Turnover amounted to SEK 7 ,254 M (6,981), an
increase of 4 per cent.
• Operational earnings amounted to SEK 796 M
(794).
• The margin was 11.0 per cent (11.4).
SERVICE BUSINESS
Growth in the Service Business
Third quarter Nine months
Per cent Sweden Norway
Western
Europe Tota l Sweden Norway
Western
Europe Tota l
Reported growth 6.6 3.0 27.4 7.2 1.6 4.7 23.3 3.9
Underlying growth 2.7 6.3 8.5 4.1 –1.1 8.8 5.4 1.8
Calendar effect 0.0 0.0 0.8 0.1 1.1 0.0 1.3 0.8
Organic growth 2.7 6.3 9.3 4.1 0.0 8.8 6.7 2.6
10 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 11 =====

===== SIDA 12 =====

Turnover in the Service Business comes from different
services that are adapted according to customers’ needs
and expectations. Services encompass service centres,
repair workshops, wheel storage and tyre sales, glass
repair and replacement, car dismantling and sales of used
spare parts.
Our target is to grow the turnover and profitability of our
Service Business. Since 2014, the turnover has more than
doubled, while the operational earnings has more than
tripled. The margin has during the same period increased
from 8.6 per cent to 11.0 per cent. The lower margin com-
pared to previous years is primarily explained by some-
what lower profitability in new operations, which includes
both acquired operations and newly started operations.
Demand in the Service Business is impacted by the
weak new car sales in recent years. In 2024, the Swedish
total market for new cars was almost 20 per cent lower
compared to the average for the past ten years. The mar-
ket is now considered to have reached its bottom level
and a gradual recovery is expected going forward.
We work continuously to improve the profitability of our
Service Business. Our Business Excellence team together
with our team within the Service Business identify the
most effective processes and then implements these at
the facilities where there is improvement potential as well
as at our newly started and newly acquired businesses.
The number of customers with service subscriptions amount-
ed to 121,000 (119,000 at year-end 2024). The number of
wheels stored on behalf of our customers amounted to 415,000
(394,000 at year-end 2024).
–/five.tf
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Q/two.tf
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Q/three.tf
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Q/one.tf
/two.tf/five.tf
Q/four.tf
/two.tf/four.tf
Q/three.tf
/two.tf/four.tf
Q/two.tf
/two.tf/four.tf
Q/one.tf
/two.tf/four.tf
Q/four.tf
/two.tf/three.tf
Q/three.tf
/two.tf/three.tf
Q/two.tf
/two.tf/three.tf
Q/one.tf
/two.tf/three.tf
Q/four.tf
/two.tf/two.tf
Turnover Service Business , %
Organic growth in the Service Business since 2022
per quarter, %
Service och repair, 60
Damage centres incl. paint shop, 20
Tyres, wheels and glass, 15
Car dismantling, 5
/two.tf/zero.tf/two.tf/five.tf
Q/three.tf
/two.tf/zero.tf/two.tf/four.tf/two.tf/zero.tf/two.tf/three.tf/two.tf/zero.tf/two.tf/two.tf/two.tf/zero.tf/two.tf/one.tf/two.tf/zero.tf/two.tf/zero.tf/two.tf/zero.tf/one.tf/nine.tf/two.tf/zero.tf/one.tf/eight.tf/two.tf/zero.tf/one.tf/seven.tf/two.tf/zero.tf/one.tf/six.tf/two.tf/zero.tf/one.tf/five.tf/two.tf/zero.tf/one.tf/four.tf/zero.tf
/three.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/six.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/nine.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/one.tf/two.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/one.tf/five.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/two.tf/zero.tf/two.tf/five.tf
Q/three.tf
/two.tf/zero.tf/two.tf/four.tf/two.tf/zero.tf/two.tf/three.tf/two.tf/zero.tf/two.tf/two.tf/two.tf/zero.tf/two.tf/one.tf/two.tf/zero.tf/two.tf/zero.tf/two.tf/zero.tf/one.tf/nine.tf/two.tf/zero.tf/one.tf/eight.tf/two.tf/zero.tf/one.tf/seven.tf/two.tf/zero.tf/one.tf/six.tf/two.tf/zero.tf/one.tf/five.tf/two.tf/zero.tf/one.tf/four.tf/zero.tf
/one.tf/five.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/three.tf/zero.tf/zero.tf,/zero.tf/zero.tf/zero.tf
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Service subscriptions
Wheels in storage
SERVICE BUSINESS
Service Business development since 2014 – Nine months
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Net turnover, SEK M 2,858 3,137 3,755 4,303 4,663 5,024 4,976 5,555 5,801 6,380 6,981 7,254
Operational earnings, SEK M 247 309 389 469 515 630 781 902 793 777 794 796
Operational margin, % 8.6 9.8 10.3 10.9 11.0 12.5 15.7 16.2 13.7 12.2 11.4 11.0
12 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 13 =====

Bilaffären
Higher order intake and more new cars delivered in the Car Business
Turnover and earnings
Third quarter 2025
The Car Business’s deliveries of new cars, adjusted for
acquired and divested operations, were 10 per cent
higher during the quarter compared with the previous
year. The higher level of deliveries of new cars was
mainly attributable to Sweden and Luxembourg. The
Car Business’s deliveries of used cars, adjusted for ac-
quired and divested operations, were on the same level
compared with the previous year. Deliveries of used
cars was somewhat higher in Sweden and Belgium but
lower in Norway and Luxembourg. The order intake for
new cars, adjusted for acquired and divested operations,
was 20 per cent higher during the quarter compared with
the previous year. The higher underlying order intake was
attributable to Sweden, Norway and Belgium.
The order backlog amounted to 12,526 cars, which un-
derlying was around 400 cars fewer than in the previous
year but around 900 cars more than in December 2024.
From a historical perspective, the order backlog in Sweden
remained at a low level, which was partly explained by
short delivery times for cars from car manufacturers. The
order backlog in Norway is now considered to be on a
normalised level.
Third quarter 2025
• Turnover amounted to SEK 7 ,766 M (7 ,067),
an increase of 10 per cent.
• Operational earnings amounted to SEK 81 M
(73).
• The margin was 1.0 per cent (1.0).
Nine months 2025
• Turnover amounted to SEK 24,053 M (22,799),
an increase of 6 per cent.
• Operational earnings amounted to SEK 274 M
(304).
• The margin was 1.1 per cent (1.3).
CAR BUSINESS
New cars by geographic market
Deliveries Order backlog
Third quarter Nine months Oct 24–
Sept 25
Full year
2024
30 Sept
2025
30 Sept
2024Number of 2025 2024 2025 2024
Sweden 1) 7,219 5,981 21,830 20,226 29,978 28,374 6,734 7,445
Norway 2,116 2,051 6,914 5,472 9,423 7,981 3,618 2,607
Western Europe 2) 1,388 1,273 4,913 4,070 6,306 5,463 2,174 2,392
Total 10,723 9,305 33,657 29,768 45,707 41,818 12,526 12,444
1) Acquired and new operations are included in deliveries during the quarter with 306, with 512 year to date and with 321
in order backlog. Divested operations are included in deliveries the previous year during the quarter with 21, with 30
year to date and with 37 in order backlog.
2) Acquired and new operations are included in deliveries during the quarter with 185, with 692 year to date and with 224 in
order backlog.
13 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 14 =====

Q/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tf
Turnover SEK M
Turnover
Turnover SEK M, R/one.tf/two.tf
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/two.tf/six.tf,/zero.tf/zero.tf/zero.tf
/two.tf/eight.tf,/zero.tf/zero.tf/zero.tf
/three.tf/zero.tf,/zero.tf/zero.tf/zero.tf
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/three.tf/four.tf,/zero.tf/zero.tf/zero.tf
/zero.tf
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/one.tf/five.tf/zero.tf
/two.tf/zero.tf/zero.tf
/two.tf/five.tf/zero.tf
Q/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tfQ/one.tf /two.tf/four.tfQ/four.tf /two.tf/three.tf
Operational earnings SEK M
Operational earnings and margin
Margin %, R/one.tf/two.tf
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/four.tf./zero.tf
/five.tf./zero.tf
Turnover during the quarter, adjusted for acquired and
divested operations and exchange rate fluctuations, was
8 per cent higher than the previous year.
Operational earnings amounted to SEK 81 M (73), and
the margin was 1.0 per cent (1.0). The result from sales of
used cars was at a lower but good level and amounted to
SEK 68 M (96). The lower result was attributable to Norway
and Sweden. The result from sales of new cars amounted
to SEK 13 M (–23). The higher result was attributable to
Sweden and Norway.
Operational earnings for the Car Business in Sweden
amounted to SEK 38 M (21). The result from sales of used
cars amounted to SEK 46 M (54). The slightly lower result
was attributable to lower gross profit margin related to
price pressure on used electric cars. The number of used
cars in stock was deemed to be at a low level at the end of
the quarter. The result from sales of new cars amounted
to SEK –8 M (–33). The improved result was attributable to
more car deliveries.
Operational earnings for the Car Business in Norway
amounted to SEK 20 M (21). The result from sales of used
cars amounted to SEK 19 M (40). The lower result was
attributable to fewer car deliveries and lower gross profit
margin. The number of used cars in stock was deemed to
be at a normal level at the end of the quarter. The result
from sales of new cars amounted to SEK 1 M (-19). The im-
proved result was attributable to more new car deliveries
and higher gross profit margin.
Operational earnings for the Car Business in Western
Europe amounted to SEK 23 M (31). The result from sales of
used cars amounted to SEK 3 M (2). The result from sales of
new cars amounted to SEK 20 M (29).
CAR BUSINESS
Deliveries of used cars by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024Number of 2025 2024 2025 2024
Sweden 1) 9,403 9,116 28,319 27,611 37,030 36,322
Norway 3,097 3,209 9,810 9,478 12,802 12,470
Western Europe 2) 794 671 2,676 1,906 3,517 2,747
Total 13,294 12,996 40,805 38,995 53,349 51,539
1) Acquired operations are included in deliveries during the quarter with 67 and with 118 year to date. Divested operations are
included in deliveries during the quarter the previous year with 10 and with 20 year to date.
2) Acquired operations are included in deliveries during the quarter with 208 and with 703 year to date.
14 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 15 =====

CAR BUSINESS
Turnover by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Sweden 5,146 4,341 15,328 14,826 20,324 19,823
Norway 1,728 1,872 5,619 5,289 7,520 7,191
Western Europe 892 853 3,106 2,683 4,117 3,694
Total 7,766 7,067 24,053 22,799 31,961 30,707
Operational earnings by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Sweden 38 21 97 150 132 185
Norway 20 21 63 50 64 52
Western Europe 23 31 114 104 157 147
Total 81 73 274 304 353 384
Margin by geographic market
Third quarter Nine months Oct 24–
Sept 25
Full year
2024Per cent 2025 2024 2025 2024
Sweden 0.7 0.5 0.6 1.0 0.7 0.9
Norway 1.2 1.1 1.1 1.0 0.9 0.7
Western Europe 2.6 3.7 3.7 3.9 3.8 4.0
Total 1.0 1.0 1.1 1.3 1.1 1.3
15 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 16 =====

Drivmedelsaffären
Higher gross profit margin in the Fuel Business
Turnover and earnings
Third quarter 2025
The Fuel Business encompasses fuel stations and car
washes and is concentrated to Sweden. The result for the
quarter amounted to SEK 7 M (3). The higher result was
attributable to higher gross profit margin relating to price
changes on fuel.
Third quarter 2025
• Turnover amounted to SEK 192 M (220),
a decrease of 13 per cent.
• Operational earnings amounted to SEK 7 M (3).
• The margin was 3.5 per cent (1.5).
Nine months 2025
• Turnover amounted to SEK 585 M (687),
a decrease of 15 per cent.
• Operational earnings amounted to SEK 28 M
(24).
• The margin was 4.7 per cent (3.4).
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Turnover SEK M
Turnover
Turnover SEK M, R/one.tf/two.tf
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Operational earnings SEK M
Operational earnings and margin
Margin %, R/one.tf/two.tf
/zero.tf./zero.tf
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/four.tf./zero.tf
/six.tf./zero.tf
FUEL BUSINESS
Fuel Business
Third quarter Nine months Oct 24–
Sept 25
Full year
20242025 2024 2025 2024
Turnover, SEK M 192 220 585 687 797 899
Operational earnings, SEK M 7 3 28 24 35 31
Margin, per cent 3.5 1.5 4.7 3.4 4.4 3.5
16 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 17 =====

Sustainability issues are becoming an
increasingly integral part of the automotive
industry and of our own operations. Sus-
tainability, and the climate issue in particu-
lar, are seen as important challenges that
the industry must meet in order to ensure
its long-term survival. These challenges are
regulated by international laws and objec-
tives, and are also expected and demanded
by business partners and customers.
Circular business model
We help extend the life of a car through
maintenance and repair at our service
and damage centres. By selling used cars
and offering rental cars to customers who
use their cars on a limited basis, we help
to maximise value, i.e. to ensure that cars
are used as efficiently and for as long as
possible. We contribute to viewing waste
as a resource by recovering materials at
our five car dismantling centres in Swe-
den and Norway when the car is no longer
in use. The parts that are not reused in
our workshops are recycled by our waste
contractors. We contribute to a holistic
approach by working with different part-
ners in our value chain; including partici-
pating in research projects.
A more sustainable value chain
Bilia is part of a value chain, and we exert
an influence primarily by choosing car
brands with care, but also by requiring all
suppliers to follow our Supplier Code of
Conduct. In our offering to customers, we
contribute to a sustainable value chain
for example through our circular business
model, our focus on renewable energy,
and our systematic work environment
efforts for mental and physical health.
When it comes to using a car, we work
with needs analysis to find the most suita-
ble car based on the customer’s circum-
stances. We offer a wide range of cars
with different fuels, and inform customers
about the importance of service, repair
and dismantling.
Our activities during the quarter
for environmental sustainability
Example of activities were the formalisa-
tion of additional environmental objec-
tives for the Group, based on upcoming
CSRD reporting and evaluation of transi-
tion plan for the Group.
Our activities during the quarter
for social sustainability
Activities included follow-up of our or-
ganisational and social health and safety
inspections in Sweden. “Crisis and prepar-
edness”- trainings have been conducted
as well as a digital training regarding
victimisation which should be conducted
by all employees in Sweden.
Our activities during the quarter
for corporate responsibility
Activities included conduction of compe-
tition training in Norway and Luxembourg
and continued improvement work to
minimise the risk of our operations being
used for money laundering.
Sustainability
SUST AINABILITY
New cars from
manufacturers
Bilia services
and repairs cars
Bilia sells cars Bilia buys
used cars
Used cars
for sale
Used parts
for repair
Bilia dismantles
cars
Cars go for
recycling
Circular
business model
There is no clear definition of circular
economy, but fundamentally it is about value
sharing and resource efficiency, in order to
reduce the need for raw materials and create
less waste.
A more sustainable
way of doing business
17 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUST AINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 18 =====

Risks and opportunities
Risks and risk takings are a natural part of Bilia’s business
operations. A good understanding of the risks togeth-
er with an efficient way of identifying, evaluating and
managing the risks are important for Bilia’s short-term
and long-term success. Bilia has a formal yearly process
at Group level to identify, plan and reduce identified risks
in the business. Please refer to the annual report for a
description of the risks and Bilia’s risk management.
With the exception of the current uncertainty regard-
ing the introduction of trade tariffs between different
countries, events that have transpired in the wider world
since publication of the annual report are not deemed
to entail any new material risks or changes in working
methods compared with the description in the annual
report for 2024. It is not possible to assess the impact of
new trade tariffs on Bilia’s future operations, but future
negative impact cannot be ruled out.
Seasonal variations and number of working days
Bilia’s business and operating profit are affected by
seasonal variations to a limited extent. The number of
working days for the reporting periods is affected by
when national holidays fall in different years. Business
and operating profit in mainly the Service Business, but
also the Car Business, are affected by the number of
working days.
Related party transactions
For a description of related party transactions, see
page 90, “Note 31” of the 2024 Annual Report.
Parent Company
Bilia AB is responsible for the Group’s management,
strategic planning, purchasing, public relations, business
development, legal, marketing, HR, real estate activities,
accounting and financing.
Annual General Meeting 2025
The Annual General Meeting was held on 25 April 2025.
The AGM decided on a dividend of SEK 5.60 (6.60) per
share, to be paid in four instalments of SEK 1.40 per
share. The dividend represents 78 per cent of earnings
per share which is higher than the historical level and in
accordance Bilia’s dividend policy.
Other information
 VISION AND BUSINESS IDEA  CULTURE AND CORE VALUES  CUSTOMER PROMISE
A better experience.
Our general goal is to create an experience that ex-
ceeds the customer’s expectations, and adds value
that distinguishes Bilia from its competitors.
Dedication, Competence, Genuine, Respect.
At Bilia we are engaged in the meeting with custom-
ers, with each other and with suppliers. Competence
gives solutions and suggestions that benefit the cus-
tomer the most. Being genuine and showing respect
build confidence in Bilia and our employees.
The best service company in the business – through
consideration for customers, colleagues and the
world we live in.
Bilia will create a sustainable business through consid-
eration and pride by offering attractive and innova-
tive solutions for the mobile human being.
OTHER INFORMA TION 18 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMA TION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 19 =====

Consolidated Statement of Income and Other Comprehensive Income
Räkenskaper koncernen
ACCOUNTS – GROUP
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Net turnover 9,717 8,984 30,204 28,923 40,433 39,151
Costs of goods sold –8,169 –7,555 –25,370 –24,287 –33,821 –32,738
Gross profit 1,548 1,429 4,834 4,635 6,612 6,413
Other operating income 38 8 77 23 85 32
Selling and administrative expenses –1,289 -1,200 –3,988 –3,765 –5,413 –5,190
Other operating expenses –10 –4 –14 –13 –24 –23
Result from interests in joint ventures –3 –16 –8 –35 –8 –35
Operating profit 1) 284 216 901 846 1,252 1,197
Financial income 3 4 9 10 20 21
Financial expenses –107 –110 –333 –321 –447 –436
Result from interests in associated
companies 19 23 55 61 75 81
Profit before tax 199 133 632 596 899 863
Tax –8 –28 –99 –129 –172 –202
Net profit for the period 191 105 532 467 727 662
Other comprehensive income
Items that can be reclassified to profit
or loss
Translation differences attributable to
foreign operations –9 –52 –75 –20 –49 6
Change in fair value of cash flow
hedges, net after tax 7 –3 14 –11 9 –16
Share of OCI related to joint ventures 2 0 1 0 1 0
Other comprehensive income after
tax 0 –54 –60 –31 –39 –10
Comprehensive income for the period 191 51 473 437 688 652
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Net profit attributable to:
– Parent Company's shareholders 191 105 532 468 727 662
– Non-controlling interests 0 0 0 –1 0 0
Comprehensive income attributable
to:
– Parent Company's shareholders 191 51 473 437 688 652
– Non-controlling interests 0 0 0 –1 0 0
Basic earnings per share, SEK 2.07 1.15 5.76 5.08 7.90 7.19
Diluted earnings per share, SEK 2.06 1.14 5.73 5.07 7.86 7.16
Average number of shares, '000 92,554 92,017 92,548 92,004 92,035 92,132
Average number of shares, after
dilution, '000 93,153 92,401 93,044 92,290 92,501 92,443
1) Amortisation and depreciation according to
plan by asset class:
– Intellectual property –57 –54 –165 –161 –221 –217
– Land and buildings –27 –25 –86 –71 –118 –103
– Equipment, tools, fixtures and fittings –37 –35 –108 –102 –143 –137
– Leased vehicles –60 –66 –189 –248 –247 –306
– Right-of-use assets –204 –183 –595 –532 –789 –725
Total –386 –363 –1,144 –1,114 –1,517 –1,488
19 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 20 =====

Consolidated Statement of Financial Position,
Summary
Statement of Changes in Group Equity,
Summary
ACCOUNTS – GROUP
SEK M
30 Sept
2025
31 Dec
2024
30 Sept
2024
Assets
Non-current assets
Intellectual property 881 920 910
Goodwill 1,632 1,659 1,521
Leased vehicles 1,836 1,952 2,057
Right-of-use assets 5,403 5,297 5,058
Other tangible assets 2,021 2,118 2,025
Financial assets 829 818 766
Deferred tax assets 40 44 38
Total non-current assets 12,643 12,809 12,376
Current assets
Inventories 4,799 5,148 4,582
Other receivables 2,504 2,373 2,362
Cash and cash equivalents 868 331 629
Total current assets 8,172 7,851 7,573
TOTAL ASSETS 20,814 20,660 19,948
Equity and liabilities
Equity 4,903 4,937 4,656
Non-current liabilities
Bond issue 1,592 796 1,296
Interest-bearing liabilities 1,112 1,434 1,378
Lease liabilities 4,784 4,624 4,440
Other liabilities and provisions 1,017 1,089 1,249
Deferred tax liabilities 501 542 537
Total non-current liabilities 9,007 8,485 8,900
Current liabilities
Bond issue 500 500 —
Interest-bearing liabilities 617 932 963
Lease liabilities 1,012 978 909
Other liabilities and provisions 4,775 4,827 4,520
Total current liabilities 6,904 7,238 6,392
TOTAL EQUITY AND LIABILITIES 20,814 20,660 19,948
SEK M
Nine
months
2025
Full year
2024
Nine
months
2024
Opening balance 4,937 4,841 4,841
Decided dividend –518 –607 –607
Incentive program 13 7 3
Revaluation of call/put option –5 –17 –18
Use of own shares in custody as payment for acquisition of operations 4 60 —
Comprehensive income for the period 473 652 437
Equity at end of period 4,903 4,937 4,656
Equity attributable to:
– Parent Company's shareholders 4,903 4,937 4,656
– Non-controlling interests 0 0 0
20 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 21 =====

Consolidated Statement
of Cash Flows
ACCOUNTS – GROUP
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Operating activities
Profit before tax 199 133 632 596 899 863
Depreciation and impairment losses 391 366 1,157 1,120 1,550 1,513
Other items not affecting cash –88 –23 –211 –88 –276 –153
Tax paid –89 –75 –238 –250 –294 –306
Change in inventories 386 17 447 386 53 –7
Change in operating receivables 127 21 –20 347 49 416
Change in operating liabilities –330 26 –235 –437 –73 –275
Cash flow from operating activities 596 465 1,531 1,673 1,908 2,050
Investing activities
Acquisition of non-current assets –127 –120 –323 –343 –463 –483
Disposal of non-current assets 304 0 315 8 314 8
Acquisition of leased vehicles –231 –196 –940 –933 –1,240 –1,234
Disposal of leased vehicles 249 331 850 898 1,203 1,251
Operating cash flow 792 480 1,433 1,303 1,722 1,592
Net change in financial assets –130 –33 56 –78 22 –112
Acquisition of operations –321 — –384 –396 –622 –635
Divestment of operations 0 0 245 1 245 1
Cash flow from investing activities –256 –17 –180 –844 –540 –1,203
Financing activities
Proceeds from borrowings 3 1 811 1 813 3
Repayment of borrowings 0 0 0 0 0 –1
Amortisation of lease liabilities –209 –168 –577 –522 –758 –703
Net change in short-term credit facilities 437 95 –641 547 –624 564
Dividend paid to the company's shareholders –130 –152 –412 –506 –564 –659
Cash flow from financing activities 101 –223 –819 –480 –1,134 –795
Change in cash and cash equivalents, excl. exchange
differences 442 224 532 350 234 52
Exchange difference in cash and cash equivalents –3 15 6 15 6 14
Change in cash and cash equivalents 439 240 538 364 240 66
Cash and cash equivalents at start of period 428 389 331 264 629 264
Cash and cash equivalents at end of period 868 629 868 629 868 331
Specification of interest-bearing net debt
and EBITDA
Specification of interest-bearing net debt
SEK M
30 Sept
2025
31 Dec
2024
30 Sept
2024
Current interest-bearing liabilities 1,276 1,613 1,111
Non-current interest-bearing liabilities 3,010 2,508 2,895
Lease liabilities IFRS 16 5,395 5,148 4,985
Cash and cash equivalents –868 –331 –629
Interest-bearing assets –129 –152 –147
Shares in associated companies –743 –730 –710
Net debt at end of the period 7,94 0 8,056 7, 5 0 4
Net debt at end of the period, excluding IFRS 16 2,545 2,908 2,520
Net debt in relation to EBITDA
SEK M
Oct 24–
Sept 25
Full year
2024
Oct 23–
Sept 24
Operating profit 1,252 1,197 1,200
Divestment of operation and properties, structural
costs, acquisition costs and impairment losses –35 19 14
Total depreciation and amortisation 1,517 1,488 1,453
– depreciation of leased vehicles with repurchase
agreements –223 –272 –284
EBITDA 2,512 2,432 2,383
Net debt to EBITDA ratio, times 3.2 3.3 3.1
Operating profit excluding IFRS 16 1,186 1,080 1,092
Divestment of operation and properties, structural
costs, acquisition costs and impairment losses –35 19 14
Total depreciation and amortisation 1,517 1,488 1,453
– depreciation of leased vehicles with repurchase
agreements –223 –272 –284
– depreciation of right-of-use assets IFRS 16 –695 –635 –606
EBITDA excluding IFRS 16 1,751 1,681 1,668
Net debt to EBITDA ratio excluding IFRS 16, times 1.5 1.7 1.5
21 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 22 =====

Note 1 Accounting principles
This interim report has been prepared in accordance with Inter-
national Financial Reporting Standards (IFRS), IAS 34 and appli-
cable provisions of the Annual Accounts Act. The interim report
for the Parent Company has been prepared in accordance with
the Annual Accounts Act and RFR2. The same accounting poli-
cies and calculation methods have been applied for the Group
and the Parent Company as in the most recent Annual Report
except for rental cars and company cars leased under financial
leasing agreements. These are classified as Right-of-use assets
from 2025 onwards, compared to previously as Leased vehicles
and Other tangible assets, respectively. The comparison peri-
ods have been restated.
IFRS 18 Presentation and Disclosure in Financial Statements
replaces IAS 1 Presentation of Financial Statements for financial
years beginning on or after 1 January 2027 . The impact of the
application of the new standard on Bilia’s financial statements
is currently being assessed. Otherwise, no new or amended
standards that have not yet entered into force are expected to
have any material effect on the Group’s financial statements.
Disclosures in accordance with IAS 34, paragraph 16 A, are
made not only in the financial statements and related notes, but
also in other parts of this interim report.
Figures in the interim report are rounded, which is why notes
and tables may not add up.
Note 2 Financial instruments
Valuation principles and classifications of Bilia’s financial instru-
ments as described in the annual report for 2024 have been
applied consistently during the reporting period.
To hedge electricity costs, Bilia has decided to use electricity
derivatives to even out price variations on the electricity market.
Bilia hedges gradually up to five years and builds up the volume
of electricity contracts for each delivery date. The hedges
meet the requirements for effectiveness, which means that
the changes in value are recognised in other comprehensive
income. The forward agreements used to hedge contracted
purchases of electricity are classified as cash flow hedges and
amounted to a net receivable of SEK 3 M.
Bilia’s financial instruments in the form of currency deriv-
atives are valued at fair value over the statement of income
and are valued according to valuation level 2. The value of the
currency derivatives was not material and did not constitute
a significant item in the statement of financial position for the
Group. Valuation of the currency derivatives at fair value has
resulted in a cost of SEK 2 M, which was matched by an income
for the revaluation of assets in foreign currency. The effect on
the Group’s result was therefore SEK 0 M.
Bilia’s financial instruments valued at fair value over equity
consist of put/call options issued in connection with acqui-
sitions and are valued at fair value based on future exercise
price according to valuation level 3. The option is reported as
provisions in the statement of financial position and amounted
to SEK 55 M.
Tilläggsupplysningar
ADDITIONAL DISCLOSURES – GROUP
Note 3 Reconciliation of operational earnings with operating profit
Bilia divested properties in Sweden on 3 July. The divestment
was completed to streamline our operations and enable further
expansion without increased debt. The agreements do not
contain any terms and conditions regarding rights or obliga-
tions to repurchase the properties. The transaction has been
recognised as sale-and-leaseback in accordance with IFRS
16. The properties are leased back and the lease period for the
properties are between two and 15 years, where the larger
agreements have a lease period for 10 and 15 years respective-
ly. The result from the divestment of properties after adjustment
for sale-and-leaseback according to IFRS 16 amounted to
SEK 35 M and was recognised as other operating income. The
divestment had a positive effect on cash flow amounting to
SEK 303 M.
Amortisation and impairment losses of surplus values for
the full year 2024 include a write-down amounting to SEK 15 M
relating to a smaller tyre operation in Sweden.
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Operational earnings 310 281 1,002 1,024 1,422 1,444
– Result from divestment of operations –1 — 27 — 27 —
– Result from divestment of properties 35 — 35 — 35 —
– Acquisition-related costs and value adjustments –6 0 –8 0 –13 –5
– Amortisation and impairment losses of surplus values –51 –48 –147 –143 –211 –207
– Result from interests in joint ventures –3 –16 –8 –35 –8 –35
Operating profit 284 216 901 846 1,252 1,197
22 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 23 =====

ADDITIONAL DISCLOSURES – GROUP
Note 4 Group’s operating segments
Segment reconciliation mainly refer to the elimination of internal sales from the Service Business to the Car Business but also include central
functions such as purchasing, public relations, business development, legal, marketing, HR, real estate, accounting and financing.
Third quarter

Service

Car

Fuel
Corporate
functions

Eliminations

Group
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
External sales 1,741 1,665 7,766 7,067 192 220 18 32 — — 9,717 8,984
Internal sales 549 471 — — — — 296 283 –844 –754 — —
Depreciation/amortisation excl. of surplus values –140 –129 –171 –169 –1 –1 –21 –16 — — –334 –315
Operational earnings 233 221 81 73 7 3 –11 –17 — — 310 281
Result from divestment of operations –1 — –1 — — — — — — — –1 —
Result from divestment of properties 18 — 18 — — — — — — — 35 —
Acquisition-related costs and value adjustments –3 0 –3 0 — — — — — — –6 0
Amortisation of surplus values –25 –25 –26 –23 — — — — — — –51 –48
Result from interests in joint ventures — — — — — — –3 –16 — — –3 –16
Operating profit, Group 284 216
Service Car
Third quarter Sweden Norway Western Europe Total Sweden Norway Western Europe Total
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
External sales 1,177 1,141 396 391 168 133 1,741 1,665 5,146 4,341 1,728 1,872 892 853 7,766 7,067
Internal sales 355 297 161 150 33 24 549 471 — — — — — — — —
Depreciation/amortisation excl. of surplus values –99 –91 –33 –32 –8 –6 –140 –129 –131 –127 –34 –37 –6 –5 –171 –169
Operational earnings 190 182 24 20 19 19 233 221 38 21 20 21 23 31 81 73
Result from divestment of operations –1 — — — — — –1 — –1 — — — — — –1 —
Result from divestment of properties 18 — — — — — 18 — 18 — — — — — 18 —
Acquisition-related costs and value adjustments –3 0 — — 0 0 –3 0 –3 0 — — 0 0 –3 0
Amortisation of surplus values –14 –13 –4 –5 –7 –7 –25 –25 –16 –13 –3 –5 –6 –6 –26 –23
23 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 24 =====

ADDITIONAL DISCLOSURES – GROUP
cont note 4
Nine months

Service

Car

Fuel
Corporate
functions

Eliminations

Group
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
External sales 5,517 5,383 24,053 22,799 585 687 50 54 — — 30,204 28,923
Internal sales 1,737 1,598 — — — — 887 819 –2,624 –2,417 — —
Depreciation/amortisation excl. of surplus values –410 –370 –520 –550 –4 –3 –62 –47 — — –996 –971
Operational earnings 796 794 274 304 28 24 –95 –98 — — 1,002 1,024
Result from divestment of operations 13 — 13 — — — — — — — 27 —
Result from divestment of properties 18 — 18 — — — — — — — 35 —
Acquisition-related costs and value adjustments –4 0 –4 0 — — — — — — –8 0
Amortisation of surplus values –74 –73 –73 –70 — — — — — — –147 –143
Result from interests in joint ventures — — — — — — –8 –35 — — –8 –35
Oerating profit, Group 901 846
Service Car
Nine months Sweden Norway Western Europe Total Sweden Norway Western Europe Total
2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 2024
External sales 3,718 3,681 1,282 1,273 517 430 5,517 5,383 15,328 14,826 5,619 5,289 3,106 2,683 24,053 22,799
Internal sales 1,135 1,093 517 446 86 59 1,737 1,598 — — — — — — — —
Depreciation/amortisation excl. of surplus values –286 –264 –102 –88 –23 –18 –410 –370 –399 –406 –103 –128 –19 –17 –520 –550
Operational earnings 597 619 129 109 70 66 796 794 97 150 63 50 114 104 274 304
Result from divestment of operations 13 — — — — — 13 — 13 — — — — — 13 —
Result from divestment of properties 18 — — — — — 18 — 18 — — — — — 18 —
Acquisition-related costs and value adjustments –4 –1 — — 0 1 –4 0 –5 –1 — — 0 1 –4 0
Amortisation of surplus values –39 –37 –13 –16 –22 –20 –74 –73 –43 –39 –11 –14 –19 –17 –73 –70
24 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 25 =====

Note 5 Acquisitions and divestments of operations
Acquisitions in 2025
On 27 August 2024, Bilia reached an agreement to acquire
Lunds Bil i Varberg AB. The business is conducted in one facility
in Varberg and is a full-service facility with sales and service
of BMW. During the 2023/24 financial year, turnover amount-
ed to approximately SEK 178 M with an operating margin of
4.5 per cent. The number of employees was 17 people at the
end of 2024. The purchase price on a debt and cash-free basis
amounts to approximately SEK 90 M and consists of cash and
28,000 Bilia shares. Acquired customer relations amounts to
SEK 18 M and are amortised over 10 years. Acquired goodwill
amounts to SEK 22 M. The acquisition was effectuated on
3 March.
On 22 May, Bilia announced that an agreement had been
reached to acquire BRK Lastvagnar Holding AB, owner of Tage
Rejmes Lastvagnar AB and Tage Rejmes i Örebro Lastvagnar
AB. The companies’ operations consist of sales and service with
related services for Volvo Trucks. The operations are conducted
in nine facilities in central Sweden. During the 2024 financial year,
sales amounted to approximately SEK 1,000 M, with an operating
margin of 4.5 percent. The number of employees was approxi-
mately 160 people. The purchase price on a debt and cash-free
basis amounts to SEK 350 M and was mainly financed mainly
through a divestment of properties in Sweden. The acquisition
was effectuated on 1 July. The acquisition analysis is preliminary
pending the final completion of the financial statements for the
day of taking possession.
On 18 August, Bilia announced that an agreement had been
reached to acquire the business of Jaguar and Land Rover today
conducted by Sandven AS. The business acquired includes sales of
new and used cars as well as service operations and is conducted
in a modern full-service facility with an attractive location in Bergen.
During the 2024 financial year, Sandven AS sales amounted to
approximately NOK 280 M with an operating margin of 3.5 per cent.
The number of employees was 29 at the end of 2024. The purchase
price was NOK 55 M and acquired goodwill amounts to SEK 10 M.
The acquisition was effectuated on 20 September. The acquisition
analysis is preliminary pending the final completion of the finan-
cial statements for the day of taking possession.
In September, a final payment of EUR 1 M was made regard-
ing the acquisition of Carlo Schmitz S.à r.l in 2024.

Preliminary net assets in the acquired operations 2025
SEK M
Intangible assets 167
Property, plant and equipment 31
Right-of-use assets 31
Deferred tax assets 2
Inventories 261
Trade receivables and other receivables 122
Cash and cash equivalents 77
Interest-bearing liabilities –96
Trade payables and other liabilities –149
Deferred tax liability –37
Net identifiable assets and liabilities 409
Consolidated goodwill 51
Net identifiable assets and liabilities, including goodwill 460
Purchase consideration paid –460
Outstanding final settlement –4
Less: Purchase consideration paid with own shares 4
Less: Cash and cash equivalents in acquired operations 77
Net effect on cash and cash equivalents –384
Divestments in 2025
On 16 December 2024 Bilia reached an agreement to divest the
trucking business regarding Mercedes-Benz to Veho Import AB.
The divestment concerns operations at eight facilities. In the
last two years, the business that is being divested reported an
average turnover of approximately SEK 620 M and an operating
profit of approximately SEK 30 M. The purchase price amounts
to SEK 213 M on a debt and cash-free basis. The divestment took
place on 2 June 2025 and has not had any significant impact on
the Group’s financial position. The divestment resulted in a profit
before tax of SEK 27 M. The result is preliminary pending the final
settlement of the divestment.
ADDITIONAL DISCLOSURES – GROUP 25 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 26 =====

ADDITIONAL DISCLOSURES – GROUP
cont note 5
Acquisitions in 2024
On 26 October 2023 Bilia reached an agreement to acquire B Mo-
torGroup Stockholm AB. The business is conducted in two modern
facilities with sales and service of Jaguar and Land Rover. During
2022 turnover amounted to approximately SEK 450 M with an
operating margin of 1.1 per cent. The number of employees was
40 at the time of acquisition. The acquisition was effectuated on
2 January 2024.
On 23 February the option was exercised regarding the remain-
ing minority of 10 per cent in Bilia Holding S.à r.l. The paid amount
of EUR 10.7 M corresponded to the reported provision.
One facility for Jaguar and Land Rover in Norway, two facilities
for XPENG in Sweden and two facilities for XPENG in Norway have
been acquired in 2024. These have not entailed any significant
impact on the group’s financial position.
On 23 February Bilia signed an agreement to acquire Bil AB
Ove Olofsson and Olofsson Däckcenter AB in Stockholm, a dealer
of Volkswagen, Audi, Skoda, Seat and Cupra cars as well as
Volkswagen transport vehicles with associated sales of used cars
and service and tire operations. The operation is conducted in
five facilities in Stockholm. During 2023 the turnover amounted
to approximately SEK 1.3 Bn, with an operating margin of 3.2
per cent. The number of employees was 165 at the end of 2023.
The capital employed plus agreed surplus values amounts to
approximately SEK 200 M. The acquisition was effectuated on
2 May 2024.On 13 June Bilia reached an agreement to acquire
Carlo Schmitz S.à r.l. in Luxembourg. The company is a dealer of
new BMW cars with associated sales of used cars and service
activities. The operation is conducted in one facility in Luxem-
bourg. During the business year 2023/2024, the company had
a turnover of approximately EUR 80 M, with an operating margin
of 3.0 per cent. The capital employed plus agreed surplus values
amounts to approximately EUR 27 M. Approximately 20 per cent
of the purchase price consisted of 508,658 Bilia shares. The num-
ber of employees was 90 at the time of acquisition. The acquisi-
tion was effectuated on 1 October 2024.
Preliminary net assets in the acquired operations 2024
SEK M
Intangible assets 139
Property, plant and equipment 106
Right-of-use assets 374
Deferred tax assets 4
Inventories 358
Trade receivables and other receivables 110
Cash and cash equivalents 65
Interest-bearing liabilities –380
Trade payables and other liabilities –268
Deferred tax liability –39
Net identifiable assets and liabilities 469
Consolidated goodwill 171
Net identifiable assets and liabilities, including goodwill 640
Purchase consideration paid –640
Purchase consideration for exercised option –120
Less: Purchase consideration paid with own shares 60
Less: Cash and cash equivalents in acquired operations 65
Net effect on cash and cash equivalents –635
26 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 27 =====

Income Statement for Parent Company, Summary
Räkenskaper moderbolaget
Balance Sheet for Parent Company, Summary
ACCOUNTS – PARENT COMPANY
Third quarter Nine months Oct 24–
Sept 25
Full year
2024SEK M 2025 2024 2025 2024
Net turnover 241 246 718 664 971 916
Other operating income 0 0 0 2 0 2
Administrative expenses –259 –268 –826 –771 –1,118 –1,063
Operating result 1) –18 –23 –108 –105 –147 –144
Result from financial items
Result from interest in Group
companies and joint ventures 81 0 109 –30 49 –89
Interest income and similar line items 30 35 94 111 132 149
Interest expenses and similar line
items –47 –55 –149 –162 –201 –214
Result after financial items 46 –42 –55 –186 –167 –298
Appropriations — — — — 733 733
Result before tax 46 –42 –55 –186 566 435
Tax 0 –7 26 1 –91 –116
Net result for the period 46 –50 –29 –185 475 319
1) Amortisation and depreciation according to
plan by asset class:
- Buildings –10 –6 –30 –19 –41 –31
- Equipment, tools, fixtures and fittings –1 –1 –2 –2 –3 –2
Total –11 –7 –32 –21 –44 –33
SEK M
30 Sept
2025
31 Dec
2024
30 Sept
2024
Assets
Non-current assets
Property, plant and equipment 391 313 290
Shares in Group companies 3,363 3,513 3,531
Receivables from Group companies 447 447 447
Other tangible assets 92 67 69
Total non-current assets 4,292 4,340 4,336
Current assets
Receivables from Group companies 2,025 2,270 2,034
Other receivables 474 373 473
Cash and cash equivalents 507 3 296
Total current assets 3,006 2,645 2,803
TOTAL ASSETS 7,299 6,985 7,139
Equity and liabilities
Equity 462 995 427
Untaxed reserves 1,582 1,582 1,553
Non-current liabilities
Bond issue 1,592 796 1,296
Interest-bearing liabilities 900 1,400 1,350
Liabilities to Group companies 447 447 447
Other liabilities 130 130 139
Total non-current liabilities 3,069 2,773 3,232
Current liabilities
Bond issue 500 500 —
Interest-bearing liabilities 214 280 249
Liabilities to Group companies 937 307 940
Other liabilities 534 549 739
Total current liabilities 2,186 1,635 1,928
TOTAL EQUITY AND LIABILITIES 7,299 6,985 7,139
27 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 28 =====

KVARTALSÖVERSIKT
QUARTERL Y REVIEW
The Group
Q4
2023
Q1
2024
Q2
2024
Q3
2024
Q4
2024
Q1
2025
Q2
2025
Q3
2025
Net turnover, SEK M 10,108 9,371 10,568 8,984 10,228 9,935 10,551 9,717
EBITDA, SEK M 643 573 646 521 692 613 620 586
EBITDA excl. IFRS 16, SEK M 480 401 460 327 492 409 413 437
Operational earnings, SEK M 414 333 410 281 420 344 348 310
Operational margin, % 4.1 3.6 3.9 3.1 4.1 3.5 3.3 3.2
Operating profit, SEK M 354 287 343 216 351 294 323 284
Operating margin, % 3.5 3.1 3.3 2.4 3.4 3.0 3.1 2.9
Profit before tax, SEK M 293 201 262 133 267 194 238 199
Profit/loss for the period, SEK M 250 156 206 105 195 149 192 191
Operating cash flow, SEK M 147 400 423 480 289 453 188 792
The ratio of net debt to EBITDA
excl. IFRS 16, times 1) 1.3 1.5 1.6 1.5 1.7 1.7 1.6 1.5
Return on capital employed, % 1) 12.5 11.4 10.8 10.0 9.7 9.5 9.3 9.6
Return on equity, % 1) 19.8 17.6 16.7 15.1 13.8 13.5 13.4 15.0
Equity/assets ratio, % 25 26 23 23 24 25 23 24
Earnings per share, SEK 2.71 1.70 2.24 1.15 2.10 1.61 2.09 2.07
Equity per share, SEK 53 54 50 51 53 54 51 53
Average number of shares, '000 91,984 91,984 92,009 92,017 92,515 92,536 92,554 92,554
Outstanding number of shares, '000 91,984 91,984 92,017 92,017 92,526 92,554 92,554 92,554
Holdings of own shares, '000 4,316 4,316 4,283 4,283 3,774 3,746 3,746 3,746
1) Rolling 12 months.
Business area – Service Business
Q4
2023
Q1
2024
Q2
2024
Q3
2024
Q4
2024
Q1
2025
Q2
2025
Q3
2025
Turnover, SEK M 2,485 2,363 2,482 2,136 2,751 2,539 2,417 2,290
Operational earnings, SEK M 320 281 292 221 374 310 252 233
Margin, % 12.9 11.9 11.7 10.4 13.6 12.2 10.4 10.2
Reported growth, % 8.5 4.7 13.4 10.5 10.7 7.4 –2.3 7.2
Organic growth, % 9.4 8.1 8.3 6.3 6.5 4.9 –0.7 4.1
Business area – Car Business
Q4
2023
Q1
2024
Q2
2024
Q3
2024
Q4
2024
Q1
2025
Q2
2025
Q3
2025
Turnover, SEK M 7,967 7,329 8,402 7,067 7,909 7,798 8,489 7,766
Operational earnings, SEK M 144 76 155 73 80 57 136 81
Margin, % 1.8 1.0 1.9 1.0 1.0 0.7 1.6 1.0
New cars delivered, number 11,361 9,322 11,141 9,305 12,050 10,205 12,729 10,723
Order backlog of new cars, number 14,262 14,460 12,652 12,444 11,132 14,174 11,782 12,526
Used cars delivered, number 10,851 12,155 13,844 12,996 12,544 13,790 13,719 13,294
Business area – Fuel Business
Q4
2023
Q1
2024
Q2
2024
Q3
2024
Q4
2024
Q1
2025
Q2
2025
Q3
2025
Turnover, SEK M 277 225 242 220 212 198 195 192
Operational earnings, SEK M 3 13 7 3 8 15 6 7
Margin, % 1.0 5.7 3.0 1.5 3.6 7.6 3.0 3.5
28 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 29 =====

Bilia applies guidelines from ESMA (European Securities
and Markets Authority) concerning alternative perfor-
mance measures (APMs). Even though these perfor-
mance measures are not defined or specified by IFRSs,
Bilia believes that they provide valuable information to
investors and Bilia’s management as a complement to
IFRSs for assessing Bilia’s performance.
Acquisition-related costs and value adjustments
Pertains to costs for legal consultants and other external
costs associated directly with an acquisition, and value
adjustments regarding acquired inventory assets, which
are depreciated over the turnover rate of the asset.
Amortisation of surplus values
Occurs in connection with acquisitions of operations and
is recognised under intangible assets.
Capital employed
Balance sheet total less non-interest-bearing liabilities
and provisions as well as deferred tax liabilities.
Comparable operations
Financial information and number of units that are ad-
justed for operations that have been acquired or divest-
ed during one of the periods.
Deliveries
Cars that have been physically turned over to the custom-
er, invoiced and are included in reported net turnover.
EBITDA
Operational earnings plus total depreciation/amortisa-
tion less amortisation of surplus values and depreciation
of leased vehicles with repurchase agreements.
Equity/assets ratio
Equity in relation to balance sheet total.
Excluding IFRS 16
Information in accordance with accounting standards
before the introduction of IFRS 16 Leases.
Growth
Increase or decrease of net turnover in relation to the
previous year.
Liquidity
Unutilised credit with Nordea and DNB and cash and
cash equivalents.
Net debt
Net debt consists of interest-bearing liabilities less cash
and cash equivalents, interest-bearing current and long-
term receivables, interests in associated companies and
leased vehicles. Performance measures that include
interest-bearing liabilities are calculated excluding the
effect of transaction costs and premium calculated
according to the effective interest method.
Operating cash flow
Cash flow from operating activities plus investments in
and disposals of intangible assets and property, plant
and equipment.
Operating margin
Operating profit in relation to net turnover.
Operational earnings
Operating profit, excluding revenues and costs that affect
comparability and excluding result from interests in joint
ventures. Revenues and costs that affect comparability
between accounting periods and/or operating segments
include, but are not limited to, acquisition-related expens-
es, value adjustments, restructurings and amortisation of
surplus values. For the business areas operational earn-
ings is the only result measurement in use.
Operational margin
Operational earnings in relation to net turnover. For the
business areas the operational margin is called “Margin”.
Order backlog
New cars ordered by the customer but not yet delivered.
Organic growth
Net turnover adjusted for operations that have been
acquired or disposed of during one of the periods. Adjust-
ment is also made for exchange rate differences and for
calendar effect.
Result from divestment of operation
Difference between purchase price and the operation’s
consolidated carrying amount, less selling costs.
Return on capital employed
Operating profit plus financial income in relation to aver-
age capital employed.
Return on equity
Net profit for the year in relation to average equity.

Service subscriptions
Service subscriptions where customers have or are
thought to have their servicing done at a Bilia facility.
Structural costs
Costs that significantly alter the thrust and/or scope
of the operations. Examples of structural costs may be
costs for reducing the number of employees and costs
for vacating a leased facility before the expiration of the
lease.
Underlying values
Values that are adjusted for operations that have been
acquired or divested of during one of the periods. Ad-
justment is made for exchange rate differences, where
applicable.
Reconciliation of performance measures can be found at
bilia.com/en/investors/alternative-key-figures/
Definitions and performance measures
DEFINITIONS AND PERFORMANCE MEASURES 29 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 30 =====

Press and analyst meeting
Bilia arranges a press and analyst meeting on Thursday
23 October 2025, where CEO Per Avander, CFO Kristina
Franzén and Investor Relations Carl Fredrik Ewetz will
present the report and answer questions.
The presentation starts at 09:00 CEST. If you wish to
participate via webcast, please use the link below. Via the
webcast you can ask written questions.
https://bilia.events.inderes.com/q3-report-2025
If you wish to participate via teleconference, please
register on the link below. After registration you will be
provided phone numbers and a conference ID to access
the conference. You can ask questions verbally via the
teleconference.
https://conference.financialhearings.com/teleconfer -
ence/?id=5006907
Contact
For further information please contact:
Carl Fredrik Ewetz, Investor Relations
+46 (0) 10 497 07 73, carl.fredrik.ewetz@bilia.se
Per Avander, Managing Director and CEO
+46 (0)10 497 70 00, per.avander@bilia.se
Kristina Franzén, CFO
+46 (0)10 497 73 40, kristina.franzen@bilia.se
Prospective information
Prospective information in this report is based on manage-
ment’s expectations at the time of the report. Even if the
Board of Directors and management find the expectations
to be reasonable, there is no guarantee that these expec-
tations are or will turn out to be correct. Consequently,
future outcomes may vary considerably compared with
those foreseen in the prospective information due to such
circumstances as a changed market situation for the
Group’s services or more generally changed conditions re-
lating to the economy, markets and competition, changes
in legal requirements and other political measures, as well
as fluctuations in exchange rates. The company does not
undertake to update or correct such prospective informa-
tion other than what is stipulated by law.
Translation
This document is a translation of the Swedish original. In
the event of any discrepancies between this translation
and the Swedish original, the latter should prevail.
Calendar
Year-end Report
October–December 2025: 5 February 2026
Interim Report January–March 2026: 29 April 2026
Annual General Meeting 2026: 29 April 2026
Interim Report April–June 2026: 17 July 2026
Interim Report July–September 2026: 23 October 2026
Additional disclosures
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU’s Market Abuse Regulation and the Securities Markets Act. The information was submitted for
publication, through the agency of the contact persons set out above, on 23 October 2025, at 08:00 CEST.
ADDITIONAL DISCLOSURES
Gothenburg 23 October 2025
Per Avander
Managing Director and CEO
30 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 31 =====

Auditor´s Review report
REVIEW REPORT
Bilia AB (publ) corp. id. 556112-5690
Introduction
We have reviewed the condensed interim financial in-
formation (interim report) of Bilia AB as of 30 September
2025 and the nine-month period then ended. The Board
of Directors and the Managing Director are responsible
for the preparation and presentation of this interim re-
port in accordance with IAS 34 and the Annual Accounts
Act. Our responsibility is to express a conclusion on this
interim report based on our review.
Scope of review
We conducted our review in accordance with Interna-
tional Standard on Review Engagements ISRE 2410
Review of Interim Financial Information Performed by
the Independent Auditor of the Entity. A review of interim
financial information consists of making inquiries, pri-
marily of persons responsible for financial and account-
ing matters, and applying analytical and other review
procedures. A review is substantially less in scope than an
audit conducted in accordance with International Stand-
ards on Auditing and other generally accepted auditing
practices and consequently does not enable us to obtain
assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly,
we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our atten-
tion that causes us to believe that the interim report is
not prepared, in all material respects, for the Group in
accordance with IAS 34 and the Annual Accounts Act,
and for the Parent Company in accordance with the
Annual Accounts Act.
Gothenburg 23 October 2025
Öhrlings PricewaterhouseCoopers AB
Fredrik Göransson Rebecka Alfredsson
Authorized Public Accountant Authorized Public Accountant
Auditor in charge
This document is a translation of the Swedish original. In the event of any discrepancies between this translation and the Swedish
original, the latter shall prevail.
31 (32) BILIA AB | INTERIM REPORT 1 JANUARY–30 SEPTEMBER 2025
THE MANAGING DIRECTOR’S COMMENTS | GROUP RESULTS | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS | FUEL BUSINESS | SUSTAINABILITY | OTHER INFORMATION
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 32 =====

Bilia is one of Europe’s largest full-service suppliers for everything related to car
ownership, with a leading position in servicing and sales of cars, transport vehicles and
trucks. We offer the car owner service, repair, fuel, car wash, rental cars, tyres and
wheels, rim repair, car accessories, car care, paint work, windscreen replacements,
car dismantling and more. Bilia has about 180 facilities in Sweden, Norway,
Luxembourg and Belgium plus one online auction site in Sweden.
Bilia’s Service Business comprises a well-developed range of services
and service concepts that are continuously developed to simplify car
ownership for the customers. Bilia offers accessories and spare parts,
original services and repairs, tyre hotels, rim repair, car glass repair
along with other workshop services, store sales and e-commerce.
Bilia’s Car Business comprises sales of new and used cars,
transport vehicles and trucks, plus supplementary services
such as financing and insurance. Bilia sells cars from Volvo,
BMW, Toyota, Mercedes-Benz, XPENG, Volkswagen,
MINI, Nissan, Lexus, Porsche, Skoda, Audi, Seat, Cupra,
Land Rover, Jaguar, Polestar, Lynk & Co as well as
transport vehicles from Mercedes-Benz, Toyota,
Volkswagen, Nissan and trucks from Volvo.
Bilia’s Fuel Business comprises fuel sales and
car washes in Sweden.
Bilia AB (publ)
Box 9003, SE-400 91 Gothenburg, Sweden
Visiting address:
Norra Långebergsgatan 3, Västra Frölunda
Telephone: +46 (0)10 497 70 00
bilia.com
Corporate ID No.: 556112-5690