===== SIDA 1 ===== INTERIM REPORT JANUARY– MARCH 2026 ===== SIDA 2 ===== Efficiency leads to results FIRST QUARTER • Net sales amounted to SEK 1,254 (1,431) million, a decrease of -12.4% on the same period the previous year. • Operating earnings (EBIT) totaled SEK 77 (44) million, equating to an operating margin of 6.1% (3.1). Restructuring costs of approximately SEK -1 (-) million have had a negative impact on operating earnings. • Adjusted operating earnings (EBIT) totaled SEK 78 (89) million, equating to an operating margin of 6.2% (6.2). • Earnings after tax amounted to SEK 37 (14) million. Adjusted earnings after tax amounted to SEK 38 (50) million. • Cash flow from operating activities totaled SEK 22 (71) million. • Earnings per share were SEK 1.41 (0.39). Adjusted earnings per share were SEK 1.45 (2.09). JAN-MAR 12-MONTH ROLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Net sales 1,254 1,431 -177 4,868 5,045 -177 Gross profit 252 252 – 928 928 – Earnings before depreciation (EBITDA) 128 98 30 385 355 30 Operating earnings (EBIT) 77 44 33 174 141 33 Operating margin, % 6.1 3.1 3.0 3.6 2.8 0.8 Adjusted operating earnings (EBIT) 1) 78 89 -11 200 211 -11 Adjusted operating margin, % 6.2 6.2 – 4.1 4.2 -0.1 Earnings after tax 37 14 23 41 18 23 Adjusted earnings after tax 38 50 -12 62 74 -12 Earnings per share before dilution, SEK 1.41 0.39 1.02 0.47 -0.55 1.02 Adjusted earnings per share before dilution, SEK 1.45 2.09 -0.64 1.46 2.10 -0.64 Return on capital employed, % – – – 5.1 4.1 1.0 Adjusted return on capital employed, % – – – 5.8 6.1 -0.3 1) See specification page 17 NET SALES SEK 1,254 MILLION (1,431) -12.4 % OPERATING EARNINGS SEK 77 MILLION ( 44 ) ADJUSTED OPERATING EARNINGS SEK 78 MILLION ( 89 ) OPERATING MARGIN 6.1 % (3.1) ADJUSTED OPERATING MARGIN 6.2 % (6.2) In brackets Q1 2025 BULTEN • INTERIM REPORT Q1 2026 2 ===== SIDA 3 ===== CEO’S STATEMENT Financial performance during the quarter The gross margin strengthened compared with the previous year. The improvement reflects our strategic work to develop a more competitive cost base. We continue to work methodically with operational discipline and a clear focus on costs. Cash flow from operating activities was positive during the quarter. Net debt decreased compared with the previous year, and net debt excluding lease liabilities was also lower. At the end of the quarter, we had good liquidity with cash and cash equivalents and significant undrawn credit facilities. Overall, we have good liquidity and a continued strong financial position. Market conditions Market conditions remain challenging. At the same time, the quarter confirms that we have stabilized the business following a demanding 2025. In parallel, we are increasing volumes within our stated growth segments: consumer electronics, medical technology, renewable energy and other industrial applications. This is in line with our ambition to broaden the business and reduce dependence on any single end market. Within our automotive business, we saw good development in commercial vehicles during the quarter. However, the overall situation in the passenger car industry remains challenging. Strategic initiatives and growth In connection with our fourth-quarter report, we communicated that manufacturing in the U.S. would be discontinued. The transition is ongoing: the U.S. operation is being converted into a pure distribution business, and the transfer of the former U.S. production to our European plants has been initiated. Together with our continued work on efficiency and cost discipline, this is an important part of the strategic initiatives that support the improved gross margin. We are also strengthening our offering within distribution and C-parts. During the quarter, our market establishment within distri - bution in China continued, and we secured our first business within the renewable energy segment. Within distribution, we were also awarded a contract through our subsidiary EXIM Singapore for the supply of specialized kit solutions for powertrains in military vehicles, with a total contract value of 21 MSEK and the potential for additional orders over time. The program comprises 51 kit configurations and approximately 125 unique components, and is carried out at EXIM Singapore’s distribution center supported by a vendor-managed inventory (VMI) setup, enabling efficient supply, reduced complexity and high delivery precision. This business reflects our continued development of EXIM’s distribution operations and strengthens our C-parts/distribution focus, with increased emphasis on value-adding services such as kit solutions, inventory management and integrated supply solutions. The strategic review continues, and we continuously evaluate our industrial footprint and our organization. The first quarter of 2026 was characterized by improved profitability and stronger margins, despite lower sales. Operating profit improved compared with the previous year, resulting in a higher operating margin. Overall, we start the year with stable earnings and a more robust financial position than in the corresponding period of the previous year. Focus going forward We move through 2026 with a continued focus on profitability, cash flow and ongoing improvement of the business—improvements that are closely linked to our work to broaden the business through growth in selected segments and a more competitive industrial footprint. Axel Berntsson, President and CEO BULTEN • INTERIM REPORT Q1 2026 3 ===== SIDA 4 ===== BULTEN IN BRIEF ORDER BOOKINGS AND NET SALES First quarter Group net sales amounted to SEK 1,254 (1,431) million, a decrease of -12.4% on the same period the previous year. Adjusted for foreign exchange effects, growth totaled -6.4% for the same period. Net sales 12-month rolling Net sales MSEK MSEK 0 400 800 1,200 1,600 Q1Q4Q3Q2Q1Q4Q3Q2Q1 0 1,000 2,000 3,000 4,000 5,000 6,000 2025 20262024 EARNINGS AND PROFITABILITY First quarter The Group’s gross profit was SEK 252 (252) million, corresponding to a gross margin of 20.1% (17.6). Earnings before depreciation and amortization (EBITDA) amounted to SEK 128 (98) million, corre - sponding to an EBITDA margin of 10.2% (6.8). Operating earnings (EBIT) totaled SEK 77 (44) million, equating to an operating margin of 6.1% (3.1). Restructuring costs of approximately SEK -1 million have negatively affected the operating profit for the period. The corre - sponding period last year was affected by anti-dumping costs of approximately SEK -45 million, contributing to an adjusted operating profit of SEK 78 (89) million. This corresponds to an adjusted operating margin of 6.2% (6.2). The operating earnings were also affected by exchange rate fluctuations of SEK 0 (-9) million when converting working capital at the closing day rate. Net financial items for the Group amounted to SEK -18 (-19) million. The financial income of SEK 1 (3) million comprises interest income of SEK 1 (1) million, currency gain of SEK - (2) million. Financial expenses of SEK -19 (-22) million include interest expenses of SEK -17 (-20) million, of which interest expenses for leases totaled SEK -3 (-4) million, currency loss of SEK -0 (-) million and other financial expenses amounted to SEK -2 (-2) million. The Group’s profit before tax amounted to SEK 59 (25) million and profit after tax was SEK 37 (14) million. Adjusted group profit before tax amounted to SEK 60 (70) million and adjusted profit after tax was SEK 38 (50) million. CASH FLOW, WORKING CAPITAL, INVESTMENTS AND FINANCIAL POSITION First quarter Cash flow from operating activities totaled SEK 22 (71) million. The effect on cash flow of the change in working capital amounted to SEK -68 (-6) million. Inventories decreased during the period by SEK -40 (-126) million. Current receivables changed by SEK 88 (-17) million and current liabilities decreased by SEK -36 (-60) million. Cash flow from investing activities amounted to SEK -5 (-64) million. Investments of SEK 9 (63) million relate to property, plant and equipment. On the closing date, net debt amounted to SEK 1,151 (1,383) million. Net debt, excluding lease liabilities, totaled SEK 712 (903) million. Consolidated cash equivalents amounted to SEK 261 (336) million at the end of the period. In addition to cash equivalents, the Group also had approved but unused overdraft facilities of SEK 752 (511) million, which means that the Group’s liquidity amounted to SEK 1,013 (847) million. FINANCING AGREEMENTS Bulten has an agreement with a banking syndicate, including Danske Bank, Citi Bank and Svensk Exportkredit (SEK), on a credit facility amounting to approximately SEK 1,685 million. The credit facility runs for three years until 2027. The credit facilities are associated with certain covenants. All covenants have been met during the period. BULTEN • INTERIM REPORT Q1 2026 4 ===== SIDA 5 ===== OTHER INFORMATION ACCOUNTING POLICIES This interim report has, for the Group, been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. The financial reporting for the Parent Company has been prepared in accordance with the Swedish Annual Accounts Act and RFR 2 Accounting for legal entities, issued by the Swedish Financial Reporting Board. The accounting policies applied are unchanged compared to those outlined in the 2025 Annual Report. All amounts in SEK million unless otherwise stated. Figures in parentheses refer to the previous year. Some figures are rounded, so amounts might not always appear to match when added up. RISKS AND RISK MANAGEMENT Exposure to risk is a natural part of a business and this is reflected in Bulten’s approach to risk management. This aims to identify and prevent risks from occurring, and to limit any damage resulting from these risks. The most significant risks for the Group relate to market and macroeconomic risks, legal and political risks, IT-related risks, financial risks, and force majeure. The global economy is highly unstable at this time, with various political conflicts and other disrupting factors. This could have consequences for the company’s financial situation. Bulten closely monitors the global financial situation. For a more detailed description of risks, please see Note 5 Risks and risk management in the 2025 Annual Report. SEASONAL VARIATIONS Bulten has no traditional seasonal variation but the year reflects the customers’ production days, which vary between quarters. Generally speaking, the lowest net sales and operating earnings are seen in the third quarter with the lowest number of production days. The other quarters are relatively even but may vary slightly. CONTINGENT LIABILITIES There were no significant changes in contingent liabilities during the year. TRANSACTIONS WITH RELATED PARTIES There have been no significant transactions between related parties during the reporting period. For further information, please see Note 37 of the 2025 Annual Report. EMPLOYEES The average number of employees (FTE) in the Group during the period January 1 – March 31, 2026 was 1,709 (1,880). The number of employees on the closing date was 1,749. PARENT COMPANY Bulten AB (publ) owns, directly or indirectly, all the companies in the Group. The equity/assets ratio was 50.0% (57.7). Equity amounted to SEK 748 (857) million. The Parent Company had eight employees at the end of the period. SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD There are no other significant events to report. AUDITOR’S REVIEW This full-year report has not been reviewed by the company’s auditors. Gothenburg, 23 April, 2026 Bulten AB (publ) Axel Berntsson President and CEO BULTEN • INTERIM REPORT Q1 2026 5 ===== SIDA 6 ===== VISION We create and deliver the most innovative and sustainable fastener solutions. A STRONGER SOLUTION BULTEN IN BRIEF We produce where we sell, rather than shipping across continents We offer both Bulten-made and purchased products We are a sustainable leader in the fastener industry We have over 150 years of know- how in fastener solutions With more than 150 years of expertise, Bulten is a leading global manufacturer and distributor of fasteners for customers in a range of sectors, from automotive to consumer electronics. Bulten offers both standard products and customized fasteners, as well as related services to meet the specific needs of customers. Bulten has a region-based organizational structure, divided into three regions: Europe, Asia and North America . The map shows the countries where Bulten has significant operations, i.e. manufacturing and/or sales. ===== SIDA 7 ===== FEB MARJANOCT NOV DECSEPJUL AUGAPR MAY JUN Bulten Share SEK OMXSPI (norm vs BULTEN) 2025 2026 0 15 30 45 60 75 SHAREHOLDER INFORMATION Source: Monitor by Modular Finance on 31 March 2026. BULTEN’S TEN LARGEST SHAREHOLDERS SHAREHOLDERS NO. OF SHARES SHARE- HOLDING, % Volito AB 5,220,000 24.8 Nordea Funds 1,251,735 6.0 Avanza Pension 1,05 7,97 7 5.0 Bengt Stillström 629,663 3.0 Swedbank Försäkring 461,240 2.2 Nordnet Pensionsförsäkring 320,395 1.5 Dimensional Fund Advisors 316,848 1.5 HC Capital Advisors GmbH 280,358 1.3 Handelsbanken Fonder 244,032 1.2 Carnegie Fonder 199,467 1.0 Total number of shareholders: 9,968 Source: Monitor by Modular Finance on 31 March 2026. SHARE PERFORMANCEJAN-MAR 12-MONTH - ROLLING FULL YEAR SHARE DATA 2026 2025 APRIL 2025– MARCH 2026 2025 Share price at end of period (price paid). SEK 43.10 63.30 -20.20 43.10 51.40 Highest share price during the period (price paid). SEK 56.40 78.80 -22.40 65.90 78.80 Lowest share price during the period (price paid). SEK 39.70 62.80 -23.10 39.70 45.70 Market value at end of period. SEK million 907 1,332 -425 907 1,081 P/E – – – – -93.60 Yield. % – – – – – Data per share. SEK Earnings before depreciation (EBITDA) *) 6.09 4.65 1.44 18.36 16.92 Adjusted earnings before depreciation (EBITDA) *) 6.14 6.80 -0.66 19.62 20.28 Operating earnings (EBIT) *) 3.66 2.08 1.58 8.30 6.72 Adjusted operating earnings (EBIT) *) 3.70 4.23 -0.53 9.56 10.08 Earnings after net financial items (EAFI) *) 2.80 1.21 1.59 4.45 2.86 Earnings for the period *) 1.41 0.39 1.02 0.47 -0.55 Adjusted earnings for the period *) 1.45 2.09 -0.64 1.46 2.10 Equity *) 85.20 88.58 -3.38 – 82.09 Cash flow from operating activities *) 1.02 3.40 -2.38 – 20.45 Cash flow for the period *) -1.79 0.59 -2.38 – -1.05 Proposed dividend – – – – – Total outstanding ordinary shares. 000 Weighted number during the period *) 20,988.0 20,988.0 – 20,988.0 20,988.0 At the end of the period *) 20,988.0 20,988.0 – 20,988.0 20,988.0 *) Before dilution. INFORMATION ABOUT INTERIM REPORTS All of Bulten’s reports are available to read and download at bulten.com. Shareholders who are unable to access the reports digitally can order printed copies by contacting Bulten. Our subscription service at bulten.com also enables users to subscribe to Bulten’s reports and press releases by e-mail. BULTEN • INTERIM REPORT Q1 2026 7 ===== SIDA 8 ===== FINANCIAL INFORMATION CONSOLIDATED INCOME STATEMENT JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION NOT 2026 2025 APRIL 2025– MARCH 2026 2025 Net sales 1 1,254 1,431 -177 4,868 5,045 Cost of goods sold -1,002 -1,179 177 -3,940 -4,117 Gross profit 252 252 – 928 928 Other operating income 2 16 -14 34 48 Selling expenses -96 -112 16 -405 -421 Administrative expenses -83 -97 14 -375 -389 Other operating expenses -0 -17 17 -9 -26 Share of profit in joint ventures 2 2 – 1 1 Operating earnings 77 44 33 174 141 Financial income 1 3 -2 – 2 Financial expenses -19 -22 3 -80 -83 Earnings before tax 59 25 34 94 60 Tax on earnings for the period -22 -11 -11 -53 -42 Earnings after tax 37 14 23 41 18 Attributable to Parent Company shareholders 30 8 22 11 -11 Non-controlling interests 7 6 1 30 29 Earnings after tax 37 14 23 41 18 Earnings per share attributable to Parent Company shareholders Earnings per share before dilution, SEK 1.41 0.39 1.02 0.47 -0.55 Adjusted earnings per share before dilution, SEK 1.45 2.09 -0.64 1.46 2.10 Earnings per share after dilution, SEK 1.41 0.39 1.02 0.47 -0.55 Weighted number of outstanding ordinary shares before dilution, 000 20,988.0 20,988.0 – 20,988.0 20,988.0 Weighted number of outstanding ordinary shares after dilution, 000 20,988.0 20,988.0 – 20,988.0 20,988.0 BULTEN • INTERIM REPORT Q1 2026 8 ===== SIDA 9 ===== CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Earnings after tax 37 14 23 41 18 Other comprehensive income Items not to be reversed in the income statement Revaluation of defined-benefit pension plans, net after tax – – – 0 0 Items that may later be reversed in the income statement Exchange differences 38 -160 198 -24 -222 T otal comprehensive income 75 -146 221 17 -204 Attributable to Parent Company shareholders 66 -14 8 214 -13 -227 Non-controlling interests 9 2 7 30 23 T otal comprehensive income 75 -146 221 17 -204 BULTEN • INTERIM REPORT Q1 2026 9 ===== SIDA 10 ===== CONSOLIDATED BALANCE SHEET SEK MILLION 31-03-2026 31-03-2025 31-12-2025 ASSETS Fixed assets Intangible fixed assets 1) 599 605 588 Tangible fixed assets 1,122 1,168 1,142 Right-of-use assets 396 437 397 Financial assets 65 71 62 Deferred tax assets 102 80 102 T otal fixed assets 2,284 2,361 2,291 Current assets Inventories 964 1,049 1,004 Current receivables 944 1,118 863 Cash equivalents 261 336 289 Total current assets 2,169 2,503 2,156 T otal assets 4,453 4,864 4,447 EQUITY AND LIABILITIES Equity Equity attributable to Parent Company shareholders 1,788 1,859 1,723 Non-controlling interests 53 48 43 T otal equity 1,841 1,907 1,766 Long-term liabilities Deferred tax liabilities 14 17 23 Long-term interest-bearing lease liabilities 363 411 356 Other long-term interest-bearing liabilities and provisions 974 1,239 1,009 T otal long-term liabilities 1,351 1,667 1,388 Current liabilities Current lease liabilities, interest-bearing 76 69 84 Other current liabilities, interest-bearing 1 2 1 Other current liabilities, non interest-bearing 1,184 1,219 1,207 Total current liabilities 1,261 1,290 1,293 T otal equity and liabilities 4,453 4,864 4,447 1) Of which goodwill SEK 558 (562) (594) million. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY JAN-MAR SEK MILLION 31-03-2026 31-03-2025 31-12-2025 Equity at start of period 1,766 2,053 2,053 Comprehensive income Earnings after tax 37 14 18 Other comprehensive income 38 -160 -222 T otal comprehensive income 75 -146 -204 Transactions with shareholders Transaction with non-controlling interests – – -25 Dividend to Parent Company shareholders – – -58 Total transactions with shareholders – – -83 Equity at end of period 1,841 1,907 1,766 BULTEN • INTERIM REPORT Q1 2026 10 ===== SIDA 11 ===== CONSOLIDATED CASH FLOW STATEMENT JAN-MAR FULL YEAR SEK MILLION 2026 2025 2025 Operating activities Earnings after financial items 59 25 60 Adjustments for items not included in cash flow 49 66 180 Taxes paid -18 -14 -58 Cash flow from operating activities before changes in working capital 90 77 182 Cash flow from changes in working capital Change in working capital -68 -6 247 Cash flow from operating activities 22 71 429 Investing activities Acquisition of intangible fixed assets 0 -1 -1 Acquisition of tangible fixed assets -9 -63 -170 Divestment of tangible fixed assets 2 0 4 Change in financial assets 0 0 0 Cash flow from investing activities -7 -64 -167 Financing activities Change in overdraft facilities and other financial liabilities -34 25 -124 Amortization of lease liabilities -18 -20 -76 Dividend to Parent Company shareholders – – -58 Transactions with non-controlling interests – – -26 Cash flow from financing activities -52 5 -284 Cash flow for the period -37 12 -22 Cash flow for the period -37 12 -22 Cash and cash equivalents at start of period 289 350 350 Exchange rate difference in cash and cash equivalents 9 -26 -39 Cash and cash equivalents at end of period 261 336 289 CONSOLIDATED NET DEBT COMPOSITION SEK MILLION 31-03-2026 31-03-2025 31-12-2025 Long-term interest-bearing liabilities -1,324 -1,638 -1,351 Provision for pensions -13 -12 -13 Current interest-bearing liabilities -78 -71 -86 Financial interest-bearing receivables 3 2 2 Cash equivalents 261 336 289 Net debt (-) -1,151 -1,383 -1,159 Less interest-bearing liabilities attributable to lease liabilities 439 480 441 Adjusted net debt (-), (excluding lease liabilities) -712 -903 -718 BULTEN • INTERIM REPORT Q1 2026 11 ===== SIDA 12 ===== FIGURES FOR THE GROUP GROUP JAN-MAR FULL YEAR 2026 2025 2025 Margins EBITDA margin, % 10.2 6.8 7.0 Adjusted EBITDA margin, % 3) 10.3 10.0 8.4 EBIT margin (operating margin), % 6.1 3.1 2.8 Adjusted EBIT margin (operating margin), % 3) 6.2 6.2 4.2 Net margin, % 2.9 1.0 0.4 Adjusted net margin, % 3) 3.0 3.5 1.5 Capital structure Interest coverage ratio, times 4.0 2.2 1.7 Earnings per share attributable to Parent Company shareholders Earnings per share before dilution, SEK 1.41 0.39 -0.55 Adjusted earnings per share before dilution, SEK 3) 1.45 2.09 2.10 Earnings per share after dilution, SEK 1.41 0.39 -0.55 Number of outstanding ordinary shares Weighted number of outstanding ordinary shares before dilution, 000 20,988.0 20,988.0 20,988.0 Weighted number of outstanding ordinary shares after dilution, 000 20,988.0 20,988.0 20,988.0 GROUP 2026-03-31 2025-03-31 2025-12-31 Capital structure Net debt/ equity ratio, times -0.6 -0.7 -0.7 Equity/ assets ratio, % 41.3 39.2 39.7 Equity/ assets ratio, (excluding lease liabilities, IFRS 16), % 45.9 43.5 44.1 Other Net debt (-), SEK million -1,151 -1,383 -1,159 Adjusted net debt (-), (excluding lease liabilities), SEK million -712 -903 -718 Equity per share attributable to Parent Company shareholder Equity per share before dilution, SEK 85.20 88.58 82.09 Equity per share after dilution, SEK 85.20 88.58 82.09 Number of outstanding ordinary shares Number of outstanding ordinary shares before dilution on the closing date, 000 20,988.0 20,988.0 20,988.0 Number of outstanding ordinary shares after dilution on the closing date, 000 20,988.0 20,988.0 20,988.0 12-MONTH R OLLING FULL YEAR APRIL 2025– MARCH 2026 APRIL 2024– MARCH 2025 2025 Profitability ratios Return on capital employed, % 5.1 7.0 4.1 Adjusted return on capital employed, % 1) 5.8 8.2 6.1 Return on capital employed, (excluding leasing, IFRS 16), % 5.5 7.7 4.3 Adjusted return on capital employed, (excluding leasing IFRS 16), % 6.4 9.1 6.6 Return on capital employed, excluding goodwill, % 6.1 8.3 4.9 Adjusted return on capital employed, excluding goodwill, % 7.0 9.7 7. 3 Return on equity, % 0.5 4.0 -0.6 Adjusted return on equity, % 2) 1.7 5.8 2.4 Capital structure Capital turnover rate, times 1.4 1.5 1.4 Employees Net sales per employee, SEK 000 2,848 3,035 2,834 Operating earnings per employee, SEK 000 102 122 79 Average number of full-time employees (FTE) 1,709 1,880 1,780 DEFINITIONS Definitions of calculated key indicators are unchanged compared to the definitions in the 2025 Annual Report. Other key indicators not in the Annual Report or on page 17 of this interim report are explained below. 1) Adjusted return on capital employed: Earnings before financial expenses adjusted for non-recurring items as a percentage of average capital employed. 2) Adjusted return on equity: Net earnings adjusted for non-recurring items divided by average equity. 3) Adjusted result: Result adjusted for non-recurring items. BULTEN • INTERIM REPORT Q1 2026 12 ===== SIDA 13 ===== QUARTERL Y DATA FOR THE GROUP 2026 2025 2024 SEK MILLION Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Income statement Net sales 1,254 1,234 1,034 1,337 1,431 1,475 1,333 1,466 1,533 Gross profit 252 230 193 253 252 242 251 259 318 Adjusted gross profit 3) 252 230 193 253 290 242 251 259 318 Earnings before depreciation (EBITDA) 128 84 61 112 98 70 140 124 163 EBITDA margin, % 10.2 6.8 5.9 8.4 6.8 4.8 10.6 8.4 10.7 Adjusted Earnings before depreciation (EBITDA) 3) 129 9.1 71 120 143 70 140 124 163 Adjusted EBITDA margin, % 3) 10.3 7.4 6.8 9.0 10.0 4.8 10.6 8.4 10.7 Operating earnings (EBIT) 77 30 6 6.1 44 20 91 74 116 EBIT margin (operating margin), % 6.1 2.4 0.6 4.6 3.1 1.4 6.8 5.1 7. 5 Adjusted Operating earnings (EBIT) 3) 78 37 16 69 89 20 91 74 116 Adjusted EBIT margin (operating margin), % 3) 6.2 3.0 1.5 5.2 6.2 1.4 6.8 5.1 7. 5 Earnings after tax 37 5 -22 21 14 9 38 40 74 Net margin, % 2.9 0.4 -2.2 1.6 1.0 0.6 2.9 2.7 4.8 Adjusted earnings after tax 3) 38 11 -14 27 50 9 38 40 74 Adjusted Net margin, % 3) 3.0 0.8 -1.4 2.1 3.5 0.6 2.9 2.7 4.8 Cash flow from operating activities 22 48 183 127 71 150 -61 107 123 investing activities -7 -22 -27 -54 -64 -72 -41 -51 -39 financing activities -52 -2 -178 -109 5 -36 -91 -2 5 Cash flow for the period -37 24 -22 -36 12 42 -193 54 89 Earnings per share attributable to Parent Company shareholders Earnings per share before dilution, SEK 1.41 -0.26 -1.37 0.69 0.39 0.03 1.56 1.64 3.22 Adjusted earnings per share before dilution, SEK 3) 1.45 0.02 -1.00 1.00 2.09 0.03 1.56 1.64 3.22 Number of outstanding ordinary shares Weighted number of outstanding ordinary shares before dilution, 000 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 3) See definitions on page 12 BULTEN • INTERIM REPORT Q1 2026 13 ===== SIDA 14 ===== QUARTERL Y DATA FOR THE GROUP SEK MILLION 31-03-2026 31-12-2025 30-09-2025 30-06-2025 31-03-2025 31-12-2024 30-09-2024 30-06-2024 31-03-2024 31-12-2023 30-09-2023 30-06-2023 Balance sheet Fixed assets 2,284 2,291 2,340 2,366 2,361 2,435 2,346 2,353 2,319 2,236 2,264 1,842 Current assets 2,169 2,156 2,266 2,467 2,503 2,664 2,677 2,690 2,691 2,616 2,676 2,491 Equity 1,841 1,766 1,797 1,862 1,907 2,053 1,979 1,969 2,007 1,838 1,901 1,988 Long-term liabilities 1,351 1,388 1,415 1,617 1,667 1,671 1,708 1,690 1,631 1,232 1,243 671 Current liabilities 1,261 1,293 1,394 1,354 1,290 1,375 1,336 1,384 1,372 1,782 1,796 1,674 Other Net debt (-) -1,151 -1,159 -1,208 -1,382 -1,383 -1,394 -1,4 61 -1,338 -1,30 4 -1,34 0 -1,422 -812 Adjusted net debt (-) -712 -718 -74 4 -910 -903 -865 -940 -793 -777 -834 -882 -301 Equity per share attributable to Parent Company shareholders Equity per share before dilution, SEK 85.20 82.09 83.97 86.84 88.58 95.64 92.74 91.31 93.51 85.88 88.54 92.99 Number of outstanding ordinary shares Number of outstanding ordinary shares on closing date before dilution, 000 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 Share price Share price at end of period (SEK) 43.10 51.40 53.20 60.90 63.30 72.70 67.70 83.50 73.50 80.00 69.70 99.40 BULTEN • INTERIM REPORT Q1 2026 14 ===== SIDA 15 ===== GROUP, 12-MONTH ROLLING SEK MILLION APRIL 2025– MARCH 2026 JANUARY 2025– DECEMBER 2025 OCTOBER 2024– SEPTEMBER 2025 JUL Y 2024– JUNE 2025 APRIL 2024– MARCH 2025 JANUARY 2024– DECEMBER 2024 OCTOBER 2023– SEPTEMBER 2024 JUL Y 2023– JUNE 2024 APRIL 2023– MARCH 2024 Income statement Net sales 4,868 5,045 5,277 5,576 5,705 5,807 5,908 5,953 5,903 Gross profit 928 928 940 998 1,004 1,070 1,086 1,045 1,003 Adjusted gross profit 3) 928 965 978 1,035 1,042 1,070 1,086 1,045 1,003 Earnings before depreciation (EBITDA) 385 355 341 420 432 497 514 451 422 EBITDA margin, % 7.9 7.0 6.5 7. 5 7.6 8.6 8.7 7.6 7. 2 Adjusted earnings before depreciation (EBITDA) 3) 412 425 404 474 477 497 514 456 435 Adjusted EBITDA margin, % 3) 8.5 8.4 7.6 8.5 8.4 8.6 8.7 7.7 7.4 Operating earnings (EBIT) 174 141 131 216 229 301 314 254 230 EBIT margin (operating margin), % 3.6 2.8 2.5 3.9 4.0 5.2 5.3 4.3 3.9 Adjusted operating earnings (EBIT) 3) 201 211 194 269 274 301 314 259 243 Adjusted EBIT margin (operating margin), % 3) 4.1 4.2 3.7 4.8 4.8 5.2 5.3 4.4 4.1 Earnings after tax 41 18 22 82 101 161 182 119 122 Net margin, % 0.8 0.4 0.4 1.5 1.8 2.8 3.1 2.0 2.1 Adjusted earnings after tax 3) 61 74 72 125 137 161 182 124 135 Adjusted net margin, % 3) 1.3 1.5 1.4 2.2 2.4 2.8 3.1 2.1 2.3 Employees Net sales per employee, SEK 000 2,848 2,834 2,893 2,990 3,035 3,048 3,100 3,138 3,145 Operating earnings per employee, SEK 000 102 79 72 116 122 158 165 134 123 Average number of full-time employees (FTE) on closing date 1,709 1,780 1,824 1,865 1,880 1,905 1,906 1,897 1,877 Profitability ratios Return on capital employed, % 5.1 4.1 4.4 6.5 7.0 9.2 9.8 8.2 8.2 Adjusted return on capital employed, % 1) 5.8 6.1 6.2 8.0 8.2 9.2 9.8 8.4 8.5 Return on capital employed, (excluding leasing, IFRS 16), % 5.5 4.3 4.6 7. 2 7.7 10.2 10.8 9.2 8.9 Return on capital employed, (excluding goodwill), % 6.1 4.9 5.2 7.7 8.3 11.0 11.7 9.3 9.3 Adjusted return on capital employed, excluding goodwill, % 1) 7.0 7. 3 7.4 9.4 9.7 11.0 11.7 9.5 9.7 Return on equity, % 0.5 -0.6 -0.3 3.0 4.0 7.1 8.2 4.7 5.0 Adjusted return on equity, % 2) 1.7 2.4 2.4 5.3 5.8 7.1 8.2 5.0 5.6 Other Net debt (-)/EBITDA -3.0 -3.3 -3.5 -3.3 -3.2 -2.8 -2.8 -3.0 -3.1 Adjusted net debt (-)/EBITDA*) -1.8 -2.0 -2.2 -2.2 -2.1 -1.7 -1.8 -1.8 -1.8 Adjusted net debt (-)/ Adjusted EBITDA**) -2.1 -2.0 -2.3 -2.3 -2.3 -2.1 -2.2 -2.1 -2.2 *) Adjusted net debt (-): Net debt exclusive lease liabilities **) Adjusted EBITDA: Adjusted for non-recurring items 1), 2) and 3) See definitions on page 12 BULTEN • INTERIM REPORT Q1 2026 15 ===== SIDA 16 ===== INCOME BY GEOGRAPHIC MARKET JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Sweden 95 153 -58 514 572 Germany 51 62 -11 219 230 UK 356 455 -99 1,324 1,423 Poland 20 11 9 83 74 Rest of Europe 362 395 -33 1,262 1,295 China 165 180 -15 767 782 USA 73 70 3 264 261 Rest of the world 132 105 27 435 408 T otal income 1,254 1,431 -177 4,868 5,045 INCOME BY CUSTOMER GROUP JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 OEM Light vehicle 764 909 -145 2,820 2,965 OEM Heavy commercial vehicle 115 124 -9 471 480 Tiers 144 211 -67 723 790 Other income 231 187 44 854 810 T otal income 1,254 1,431 -177 4,868 5,045 NOTE 1 INCOME Bulten is engaged in manufacturing and sales of fasteners. Revenues from product sales are reported at the time the control of the product is transferred to the customer. This usually takes place at the time of delivery to the customer and ownership is transferred. Bulten’s customers are mainly in the automotive industry in Europe, Asia and North America. The table below refers to income by geographic market where the customer’s delivery point is located. The Group has the majority of its income from customers in INCOME BY CHASSIS/BODY AND POWERTRAIN JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Chassis/body 926 1,054 -128 3,421 3,549 Powertrain 155 189 -34 654 688 Other income 173 188 -15 793 808 T otal income 1,254 1,431 -177 4,868 5,045 INCOME DISTRIBUTED BY INCOME CATEGORY JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Own production 741 805 -64 2,727 2,791 Outsourced production 469 583 -114 1,995 2,109 Other income 44 43 1 146 145 T otal income 1,254 1,431 -177 4,868 5,045 Europe, but part of the sales is then exported to other markets in the rest of the world. Customers are mainly manufacturers of light vehicles but also heavy commercial vehicles and other suppliers, so-called tiers. Of the total sales, the majority goes to the chassis/body. Other income refers to other industries outside the automotive industry, such as consumer electronics and the affiliated company Exim Mfr & Enterprise. BULTEN • INTERIM REPORT Q1 2026 16 ===== SIDA 17 ===== RECONCILIATION BETWEEN IFRS AND KEY INDICATORS USED Some of the information in this report used by company managers and analysts to assess the Group’s development is not produced in accordance with IFRS. Company managers consider that this information makes it easier for investors to analyze the Group’s results and financial structure. Investors should see this information as a complement to, rather than a replacement for, financial reporting in accordance with IFRS. adjusted operating earnings , adjusted ebit JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Operating earnings (EBIT) 77 44 33 174 141 Non-recurring cost 1 45 -44 26 70 Adjusted operating earnings (EBIT) 78 89 -11 200 211 ADJUSTED NET EARNINGS JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Net earnings 37 14 23 41 18 Non-recurring cost 1 36 -35 21 56 Adjusted net earnings 38 50 -12 62 74 ADJUSTED NET DEBT (EXCLUDING LEASE LIABILITIES ) SEK MILLION 31-03-2026 31-03-2025 30-12-2025 Net debt (-) -1,151 -1,383 -1,159 Less interest-bearing liabilities attributable to lease liabilities 439 480 441 Adjusted net debt (-), (excluding lease liabilities) -712 -903 -718 When calculating adjusted net debt, interest-bearing debt attributable to lease liabilities is deducted from net debt. This measurement provides a figure for a refined financial structure excluding lease liabilities. ADJUSTED NET SALES JAN-MAR SEK MILLION 2026 2025 Net sales 1,254 1,431 -177 Currency effect, current period 85 - 85 Adjusted net sales 1,339 1,431 -92 When calculating adjusted net sales, net sales are adjusted using currency effects of the current period and, where applicable, with the net sales from acquisitions made. This measurement gives a figure for comparing net sales with the previous year. EARNINGS BEFORE DEPRECIATION, EBITDA JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Operating earnings (EBIT) 77 44 33 174 141 Depreciation/ amortization and impairments 51 54 -3 211 214 Operating earnings before depreciation (EBITDA) 128 98 30 385 355 When calculating operating earnings excluding depreciation (EBITDA), depreciation and impairments are returned to operating earnings (EBIT). This measurement provides a figure for operating earnings excluding depreciation which are in turn based on investments. ADJUSTED EARNINGS BEFORE DEPRECIATION, ADJUSTED EBITDA JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Operating earnings excluding depreciation (EBITDA) 128 98 30 385 355 Non- recurring cost 1 45 -44 26 70 Adjusted operating earnings before depreciation (EBITDA) 129 143 -14 411 425 BULTEN • INTERIM REPORT Q1 2026 17 ===== SIDA 18 ===== INCOME STATEMENT, PARENT COMPANY JAN-MAR 12-MONTH R OLLING FULL YEAR SEK MILLION 2026 2025 APRIL 2025– MARCH 2026 2025 Net sales 7 6 1 23 22 Gross profit 7 6 1 23 22 Administrative expenses -13 -13 – -55 -55 Operating earnings -6 -7 1 -32 -33 Interest income 0 0 – – 0 Interest expenses and similar loss items -8 -6 -2 -30 -28 Earnings after net financial items -14 -13 -1 -62 -61 Appropriations – – – – – Earnings before tax -14 -13 -1 -62 -61 Tax on earnings for the period 3 2 1 11 10 Earnings after tax -11 -11 – -51 -51 BALANCE SHEET, PARENT COMPANY SEK MILLION 31-03-2026 31-03-2025 30-12-2025 ASSETS Fixed assets Intangible fixed assets 1 – 1 Tangible fixed assets 5 7 5 Total intangible and tangible fixed assets 6 7 6 Financial assets Participations in Group companies 1,450 1,450 1,450 Other long-term receivables 0 1 0 Total financial assets 1,450 1,451 1,450 Deferred tax assets 32 21 30 T otal fixed assets 1,488 1,479 1,486 Current assets Current receivables from Group companies 2 – – Other current receivables 5 5 6 Total current assets 7 5 6 Total assets 1,495 1,484 1,492 EQUITY AND LIABILITIES Equity Restricted equity 110 110 110 Non-restricted equity 638 747 649 Total equity 748 857 759 Long-term liabilities Long-term liabilities to Group companies 732 592 715 Total long-term liabilities 732 592 715 Current liabilities Current liabilities to Group companies – 18 0 Other current liabilities 15 17 18 Total current liabilities 15 35 18 Total equity and liabilities 1,495 1,484 1,492 BULTEN • INTERIM REPORT Q1 2026 18 ===== SIDA 19 ===== Bulten AB (publ) Box 9148, SE-400 93 Göteborg • Visiting address: August Barks Gata 6 A Phone +46 (0)31 -734 59 00 • www.bulten.com FINANCIAL CALENDAR July 10, 2026 Half-year report January - June 2026 October 21, 2026 Interim report January - September 2026 February 11, 2027 Full year report January - December 2026 The reports can be found on the Bulten website at www.bulten.com on their date of publication. CONTAC T Axel Berntsson, President and CEO Phone: +46 (0) 704 739 106 E-mail: axel.berntsson@bulten.com PRESENTATION OF THE REPORT A live presentation for analysts, media and investors will be held on April 23, at 15:30 AM CEST, where President and CEO Axel Berntsson and CFO Anna Åkerblad will be commenting the result. The presentation will be held in English. If you wish to participate via webcast, please use the link: https:/ /www.finwire.tv/webcast/bulten/ q1-2026/ Via the webcast you are able to submit written questions. If you wish to participate via teleconference, please dial +46 850 52 00 17 and use PIN code 995 9187 6242#. You can ask questions verbally via the teleconference. This information is information that Bulten AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 13:30 CEST on April 23, 2026.