===== SIDA 1 ===== INTERIM REPORT THIRD QUARTER • JANUARY– SEPTEMBER 2025 ===== SIDA 2 ===== The quarter was impacted by production stoppages at a major customer, while focus on strategic review continues THIRD QUARTER • Net sales amounted to SEK 1,034 (1,333) million, a decrease of -22.4% on the same period the previous year. • Operating earnings (EBIT) totaled SEK 6 (91) million, equating to an operating margin of 0.6% (6.8). Restructuring costs of approximately SEK -10 million have had a negative impact on operating earnings. • Adjusted operating earnings (EBIT) totaled SEK 16 (91) million, equating to an operating margin of 1.5% (6.8). • Earnings after tax amounted to SEK -22 (38) million. Adjusted earnings after tax amounted to SEK -14 (38) million. • Order bookings amounted to SEK 902 (1,455) million, a decrease of -38.0% on the same period the previous year. • Cash flow from operating activities totaled SEK 183 (-61) million. • Earnings per share were SEK -1.37 (1.56). Adjusted earnings per share were SEK -1.00 (1.56). • In our strategic review that includes organization, factory structure and business models, we have decided on a new organizational structure during the third quarter. • One of Bulten’s largest customers was exposed to a cyberattack at the turn of August-September that had far-reaching consequences for them, us and other parties in their value chain. JANUARY – SEPTEMBER • Net sales amounted to SEK 3,802 (4,332) million, a decrease of -12.2% on the same period the previous year. • Operating earnings (EBIT) totaled SEK 111 (281) million, equating to an operating margin of 2.9% (6.5). Anti-dumping duties of approximately SEK -45 million and restructuring costs of SEK -18 million have had a negative impact on operating earnings. • Adjusted operating earnings (EBIT) totaled SEK 174 (281) million, equating to an operating margin of 4.6% (6.5). • Earnings after tax amounted to SEK 13 (152) million. Adjusted earnings after tax amounted to SEK 63 (152) million. • Cash flow from operating activities totaled SEK 381 (169) million. • Earnings per share were SEK -0.29 (6.42). Adjusted earnings per share were SEK 2.09 (6.42). • Net debt amounted to SEK 1,208 (1,461) million. Net debt, excluding lease liability, totaled SEK 744 (940) million. • The equity/assets ratio was 39.0% (39.4) at the end of the period. The equity/assets ratio, excluding lease liabilities, totaled 43.3% (44.0). Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 –SEPT 2025 2024 Net sales 1,034 1,333 -22.4% 3,802 4,332 -12.2% 5,277 5,807 -9.1% Gross profit 193 251 -58 698 828 -130 940 1,070 -130 Earnings before depreciation (EBITDA) 61 140 -79 271 427 -156 341 497 -156 Operating earnings (EBIT) 6 91 -85 111 281 -170 131 301 -170 Operating margin, % 0.6 6.8 -6.2 2.9 6.5 -3.6 2.5 5.2 -2.7 Adjusted operating earnings (EBIT) 1) 16 91 -75 174 281 -107 194 301 -107 Adjusted operating margin, % 1.5 6.8 -5.3 4.6 6.5 -1.9 3.7 5.2 -1.5 Earnings after tax -22 38 -60 13 152 -139 22 161 -139 Adjusted earnings after tax -14 38 -52 63 152 -89 72 161 -89 Earnings per share before dilution, SEK -1.37 1.56 -2.93 -0.29 6.42 -6.71 -0.26 6.45 -6.71 Adjusted earnings per share before dilution, SEK -1.00 1.56 -2.56 2.09 6.42 -4.33 2.12 6.45 -4.33 Return on capital employed, % – – – – – – 4.4 9.2 -4.8 Adjusted return on capital employed, % – – – – – – 6.2 9.2 -3.0 1) See specification page 17 NET SALES SEK 1,034 MILLION (1,333) -22.4% OPERATING EARNINGS SEK 6 MILLION ( 91 ) ADJUSTED OPERATING EARNINGS SEK 16 MILLION ( 91 ) OPERATING MARGIN 0.6% (6.8) ADJUSTED OPERATING MARGIN 1.5% (6.8) In brackets Q3 2024 BULTEN • INTERIM REPORT Q3 2025 2 ===== SIDA 3 ===== CEO’S STATEMENT Large-scale cyber attack at a major customer At the end of August, one of our largest customers was the victim of a cyber attack that had far-reaching consequences not only for them, but also for us and other parties in their value chain. For Bulten, this meant something like SEK 200 million in lost sales during the quarter, with a significant knock-on effect on earnings. The customer’s pro - duction has just started up again, with a gradual increase in produc - tion rates and scheduled to reach full volume in the middle of the fourth quarter. As a result, we expect lost sales again in Q4 of around the same scale as Q3. From the first quarter of 2026 we expect volumes to return to normal, or just above, as the customer’s ability to increase production rates improves and their backlog decreases. New organizational structure In our strategic review, which includes organization, factory structure, and business models, we finalized a new organizational structure during the third quarter. The result is a far more decentralized organization. As part of the implementation, we have announced a reduction in approximately half of all central services linked to Gothenburg, where we have our headquarters. We have also worked on streamlining, which in total means that we are reducing the total number of employees globally by just over 200 people, since the review began in the spring. This corresponds to approximately 10% of the Group’s employees and an annual cost reduction of approximately SEK 100 million. Winning new business We are working intensively to win new business with a larger share of value-added services and in verticals such as consumer electronics, medical technology, aerospace, and defense. The team is doing a great job and we can see that our efforts are starting to bear fruit. I would like to highlight three contracts we have won since the previous report. The first is an order that sees us taking overall responsibility and consolidating fasteners and related components for a new car factory in Eastern Europe. Anticipated annual sales are SEK 200–300 million, with start-up from mid-2027 and good opportunities for add-on business. We will be handling several hundred items, of which about 40% will be produced by Bulten and the rest purchased through third parties. One of the areas we are investing in the most for the future is micro screws for consumer electronics. We are making clear progress and began several interesting projects during the quarter. Also, via our subsidiary PSM, we have been nominated as a supplier for a new series of cell phones for one of the largest manufacturers, a contract we estimate to be worth an extra SEK 100 million in annual sales from the first half of 2026. A third order of interest to the Group has been won by our subsidiary EXIM. They have entered into a framework agreement for the supply of C-items to a globally leading manufacturer of electrical installation products, with start-up scheduled before the Sales and profit for the third quarter were clearly lower than the previous year. The decrease is essentially related to a cyber attack on one of our largest customers, which caused a total supply shutdown in the latter part of the quarter. Sales to segments such as medical technology and consumer electronics remained strong. During the quarter, the work to establish a new organization was completed, and the strategic shift proceeded according to plan. end of the year. The agreement comes as a result of opening our own operations with local distribution centers, with the ability to manage VMI programs in Thailand, Vietnam, and India. The contract is worth approximately SEK 20 million per year when fully implemented. It is very gratifying to see that we are winning new business in a tough market, and we look forward to continue striving ahead toward profitable growth. Strategic shift of business model In our strategic review, we have decided to reduce our exposure to OEMs and the percentage of our business where we are contract manufacturers, in favor of initiatives to increase orders where we manufacture niche products such as micro screws and have total responsibility for C-items. The new strategic direction means that we want to make a major change to our factory structure and we are evaluating the possibility of divesting a number of factories. We are convinced that the new strategic focus and a more resource-efficient organization will lead to a stronger and more profitable Bulten. Axel Berntsson, President and CEO BULTEN • INTERIM REPORT Q3 2025 3 ===== SIDA 4 ===== BULTEN IN BRIEF ORDER BOOKINGS AND NET SALES Third quarter Order bookings amounted to SEK 902 (1,455) million, a decrease of -38.0% on the corresponding period the previous year. The decreased order intake is, in all essentials, a consequence of a production stop at one of our largest customers. Group net sales amounted to SEK 1,034 (1,333) million, a decrease of -22.4% on the same period the previous year. Adjusted for foreign exchange effects, growth totaled -18.7% for the same period. January – September Group net sales amounted to SEK 3,802 (4,332) million, a decrease of -12.2% on the same period the previous year. Adjusted for foreign exchange effects, growth totaled -9.5% for the same period. Net sales 12-month rolling Net sales MSEK MSEK 0 400 800 1,200 1,600 Q3Q2Q1Q4Q3Q2Q1Q4Q3 0 1,000 2,000 3,000 4,000 5,000 6,000 20252023 2024 EARNINGS AND PROFITABILITY Third quarter The Group’s gross profit was SEK 193 (251) million, corresponding to a gross margin of 18.7% (18.8). Earnings before depreciation and amortization (EBITDA) amounted to SEK 61 (140) million, corre - sponding to an EBITDA margin of 5.9% (10.6). Operating earnings (EBIT) totaled SEK 6 (91) million, equating to an operating margin of 0.6% (6.8). Restructuring costs of approximately SEK -10 million have burdened operating profit, resulting in an adjusted operating profit of SEK 16 (91) million. This corresponds to an adjusted operating margin of 1.5% (6.8). The operating earnings were also affected by exchange rate fluctuations of SEK 2 (-12) million when converting working capital at the closing day rate. Net financial items for the Group amounted to SEK -19 (-36) million. The financial income of SEK 0 (6) million comprises interest income of SEK 0 (6) million. Financial expenses of SEK -19 (-42) million include interest expenses of SEK -17 (-31) million, of which interest expenses for leases totaled SEK -3 (-4) million, currency loss of SEK -1 (-9) million and other financial expenses amounted to SEK -1 (-2) million. The Group’s profit before tax amounted to SEK -13 (55) million and profit after tax was SEK -22 (38) million. Adjusted group profit before tax amounted to SEK -4 (55) million and adjusted profit after tax was SEK -14 (38) million. January – September The Group’s gross profit was SEK 698 (828) million, corresponding to a gross margin of 18.4% (19.1). Earnings before depreciation and amortization (EBITDA) amounted to SEK 271 (427) million, corre - sponding to an EBITDA margin of 7.1% (9.9). Operating earnings (EBIT) totaled SEK 111 (281) million, equating to an operating margin of 2.9% (6.5). Anti-dumping duties of approximately SEK -45 million and restructuring costs of SEK -18 million have burdened operating profit, resulting in an adjusted operating profit of SEK 174 (281) million. This corresponds to an adjusted operating margin of 4.6% (6.5). The operating earnings were also affected by exchange rate fluctuations of SEK -10 (-7) million when converting working capital at the closing day rate. Net financial items for the Group amounted to SEK -64 (-76) million. Financial income of SEK 2 (16) million comprises interest income of SEK 2 (16) million. Financial expenses of SEK -66 (-92) million include interest expenses of SEK -56 (-82) million, of which interest expenses for leases total SEK -10 (-10) million, currency loss of SEK -5 (-4) million and other financial expenses amounted to SEK -5 (-6) million. The Group’s profit before tax amounted to SEK 47 (205) million and profit after tax was SEK 13 (152) million. Adjusted group profit before tax amounted to SEK 110 (205) million and adjusted profit after tax was SEK 63 (152) million. CASH FLOW, WORKING CAPITAL, INVESTMENTS AND FINANCIAL POSITION Third quarter Cash flow from operating activities totaled SEK 183 (-61) million. The effect on cash flow of the change in working capital amounted to SEK 166 (-132) million. Inventories increased during the period by SEK 47 (96) million. Current receivables changed by SEK -220 (81) million and current liabilities changed by SEK 42 (30) million. Cash flow from investing activities amounted to SEK -27 (-41) million. Investments of SEK 27 (40) million relate to property, plant and equipment. January – September Cash flow from operating activities totaled SEK 381 (169) million. The effect on cash flow of the change in working capital amounted to SEK 246 (-104) million. Inventories changed during the period by SEK -77 (149) million. Current receivables decreased by SEK -236 (-51) million and current liabilities changed by SEK 43 (-56) million. Cash flow from investing activities amounted to SEK -145 (-131) million. Investments of SEK 145 (129) million relate to property, plant and equipment. On the closing date, net debt amounted to SEK 1,208 (1,461) million. Net debt, excluding lease liabilities, totaled SEK 744 (940) million. Consolidated cash equivalents amounted to SEK 269 (298) million at the end of the period. In addition to cash equivalents, the Group also had approved but unused overdraft facilities of SEK 736 (514) million, which means that the Group’s liquidity amounted to SEK 1,005 (812) 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 1,710 million. The credit facility runs for three years until 2027, with an option for one plus one year. The credit facilities are associated with certain covenants. All covenants have been met during the period. BULTEN • INTERIM REPORT Q3 2025 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 2024 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 2024 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 38 of the 2024 Annual Report. EMPLOYEES The average number of employees (FTE) in the Group during the period January 1 – September 30, 2025 was 1,824 (1,906). The number of employees on the closing date was 1,823. PARENT COMPANY Bulten AB (publ) owns, directly or indirectly, all the companies in the Group. The equity/assets ratio was 52.1% (59.4). Equity amounted to SEK 776 (881) million. The Parent Company had seven employees at the end of the period. SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD There are no other significant events to report. THE ANNUAL GENERAL MEETING The annual General Meeting will be held in Gothenburg, Sweden on Thursday April 23, 2026. THE NOMINATION COMMITTE According to an AGM decision, the nomination committee shall comprise four members: one representative for each of the three largest shareholders on the final banking day in September who wishes to appoint a member, and the Chairman of the Board. The three largest shareholders are considered to be the three largest shareholders as registered with Modular Finance AB on the final banking day in September. If any of the three largest shareholders refrains from appointing a member, an offer is made to the next largest shareholder in order. The nomination committee ahead of the 2025 AGM is composed as follows: • Mats Hellström, appointed by Nordea Fonder • Viktor Henriksson, appointed by Carnegie Fonder • Frank Larsson, appointed by Handelsbanken Fonder • Ulf Liljedahl, Chairman of the Board of Bulten AB Gothenburg, 21 October, 2025 Bulten AB (publ) Axel Berntsson President and CEO BULTEN • INTERIM REPORT Q3 2025 5 ===== SIDA 6 ===== AUDITOR’S REPORT BULTEN AB (PUBL), ORG NO. 556668-2141 This is a translation of the Swedish language original INTRODUCTION We have conducted a review of the summary of financial information (interim report) for Bulten AB (publ) as of September 30, 2025 and the nine-month period leading up to this date. The Board of Directors and the Chief Executive Officer are responsible for preparing and presenting this interim financial information in accordance with IAS 34 and the Swedish Annual Accounts Act. It is our responsibility to express a conclusion on this interim report based on our review. SCOPE OF REVIEW We have conducted a review in accordance with the International Standard on Review Engagements ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review has a different objective and is substantially less in scope than an audit in line with ISA and other generally accepted auditing standards in Sweden. The review procedures in a review engagement do not enable us to obtain reasonable assurance that we would become aware of all significant matters that might be identified in an audit. The expressed conclusion based on a review does not, therefore, have the same assurance as an expressed conclusion based on an audit. CONCLUSION Based on our review, nothing has come to our attention that causes us to believe that the interim report has not been prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act regarding the Group and with the Swedish Annual Accounts Act regarding the Parent Company. Gothenburg, October 21, 2025 Öhrlings PricewaterhouseCoopers AB Signature on the Swedish original Johan Palmgren Authorized Public Accountant BULTEN • INTERIM REPORT Q3 2025 6 ===== SIDA 7 ===== 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 8 ===== Feb MarJanOct Nov Dec SepJul AugApr May Jun Bulten Share SEK OMXSPI (norm vs BULTEN) 2024 2025 UNDER ARBETE 0 20 40 60 80 100 SHAREHOLDER INFORMATION Source: Monitor by Modular Finance on 30 September 2025. BULTEN’S TEN LARGEST SHAREHOLDERS SHAREHOLDERS NO. OF SHARES SHARE- HOLDING, % Volito AB 5,220,000 24.8 Nordea Funds 1,242,735 5.9 Avanza Pension 904,603 4.3 Unionen 800,000 3.8 Carnegie Fonder 500,432 2.4 Swedbank Försäkring 448,458 2.1 Nordnet Pensionsförsäkring 427,505 2.0 Dimensional Fund Advisors 408,608 1.9 HC Capital Advisors GmbH 380,358 1.8 Handelsbanken Fonder 262,063 1.3 Total number of shareholders: 10,886 Source: Monitor by Modular Finance on 30 September 2025. SHARE PERFORMANCEQ3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SHARE DATA 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Share price at end of period (price paid). SEK 53.20 67.70 -14.50 53.20 67.70 -14.50 53.20 72.70 Highest share price during the period (price paid). SEK 63.70 87.0 0 -23.30 78.80 93.20 -14.40 78.80 93.20 Lowest share price during the period (price paid). SEK 52.60 67.0 0 -14.40 52.60 63.70 -11.10 52.60 63.70 Market value at end of period. SEK million 1,119 1,424 -305 1,119 1,424 -305 1,119 1,530 P/E – – – – – – – 11.26 Yield. % – – – – – – – 3.78 Data per share. SEK Earnings before depreciation (EBITDA) *) 2.90 6.70 -3.80 12.89 20.37 -7.4 8 16.23 23.71 Adjusted earnings before depreciation (EBITDA) *) 3.37 6.70 -3.33 15.89 20.37 -4.48 19.23 23.71 Operating earnings (EBIT) *) 0.28 4.33 -4.05 5.27 13.39 -8.12 6.23 14.35 Adjusted operating earnings (EBIT) *) 0.76 4.33 -3.57 8.27 13.39 -5.12 9.23 14.35 Earnings after net financial items (EAFI) *) -0.65 2.62 -3.27 2.23 9.76 -7. 5 3 3.12 10.65 Earnings for the period *) -1.37 1.56 -2.93 -0.29 6.42 -6.71 -0.26 6.45 Adjusted earnings for the period *) -1.00 1.56 -2.56 2.09 6.42 -4.33 2.12 6.45 Equity *) – – – 83.97 92.74 -8.77 – 95.64 Cash flow from operating activities *) 8.76 -2.89 11.65 18.15 8.04 10.11 – 15.21 Cash flow for the period *) -1.0 4 -9.19 8.15 -2.21 -2.38 0.17 – -0.40 Proposed dividend – – – – – – – 2.75 Total outstanding ordinary shares. 000 Weighted number during the period *) 20,988.0 20,988.0 – 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 – 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 Q3 2025 8 ===== SIDA 9 ===== FINANCIAL INFORMATION CONSOLIDATED INCOME STATEMENT Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION NOTE 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Net sales 1 1,034 1,333 -299 3,802 4,332 -530 5,277 5,807 Cost of goods sold -841 -1,082 241 -3,104 -3,504 400 -4,337 -4,737 Gross profit 193 251 -58 698 828 -130 940 1,070 Other operating income 10 49 -39 42 81 -39 51 90 Selling expenses -101 -109 8 -315 -333 18 -428 -446 Administrative expenses -95 -92 -3 -294 -299 5 -399 -404 Other operating expenses 0 -12 12 -20 -8 -12 -36 -24 Share of profit in joint ventures -1 4 -5 0 12 -12 3 15 Operating earnings 6 91 -85 111 281 -170 131 301 Financial income 0 6 -6 2 16 -14 23 37 Financial expenses -19 -42 23 -66 -92 26 -88 -114 Earnings before tax -13 55 -68 47 205 -158 66 224 Tax on earnings for the period -9 -17 8 -34 -53 19 -44 -63 Earnings after tax -22 38 -60 13 152 -139 22 161 Attributable to Parent Company shareholders -28 33 -61 -6 135 -141 -6 135 Non-controlling interests 6 5 1 19 17 2 28 26 Earnings after tax -22 38 -60 13 152 -139 22 161 Earnings per share attributable to Parent Company shareholders Earnings per share before dilution, SEK -1.37 1.56 -2.93 -0.29 6.42 -6.71 -0.26 6.45 Adjusted earnings per share before dilution, SEK -1.00 1.56 -2.56 2.09 6.42 -4.33 2.12 6.45 Earnings per share after dilution, SEK -1.37 1.56 -2.93 -0.29 6.42 -6.71 -0.26 6.45 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 Weighted number of outstanding ordinary shares after dilution, 000 20,988.0 20,988.0 – 20,988.0 20,988.0 – 20,988.0 20,988.0 BULTEN • INTERIM REPORT Q3 2025 9 ===== SIDA 10 ===== CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Earnings after tax -22 38 -60 13 152 -139 22 161 Other comprehensive income Items not to be reversed in the income statement Revaluation of defined-benefit pension plans, net after tax – – – – – – 1 1 Items that may later be reversed in the income statement Exchange differences -31 -4 -27 -186 61 -247 -125 122 T otal comprehensive income -53 34 -87 -173 213 -386 -102 284 Attributable to Parent Company shareholders -60 30 -90 -187 196 -383 -127 256 Non-controlling interests 7 4 3 14 17 -3 25 28 T otal comprehensive income -53 34 -87 -173 213 -386 -102 284 BULTEN • INTERIM REPORT Q3 2025 10 ===== SIDA 11 ===== CONSOLIDATED BALANCE SHEET SEK MILLION 30-09-2025 30-09-2024 31-12-2024 ASSETS Fixed assets Intangible fixed assets 1) 594 628 641 Tangible fixed assets 1,175 1,112 1,178 Right-of-use assets 418 494 481 Financial assets 63 67 71 Deferred tax assets 90 45 64 T otal fixed assets 2,340 2,346 2,435 Current assets Inventories 1,098 1,202 1,174 Current receivables 899 1,177 1,140 Cash equivalents 269 298 350 Total current assets 2,266 2,677 2,664 T otal assets 4,606 5,023 5,099 EQUITY AND LIABILITIES Equity Equity attributable to Parent Company shareholders 1,763 1,946 2,007 Non-controlling interests 34 33 46 T otal equity 1,797 1,979 2,053 Long-term liabilities Deferred tax liabilities 11 20 19 Long-term interest-bearing lease liabilities 392 450 437 Other long-term interest-bearing liabilities and provisions 1,012 1,238 1,215 T otal long-term liabilities 1,415 1,708 1,671 Current liabilities Current lease liabilities, interest-bearing 72 70 92 Other current liabilities, interest-bearing 2 2 2 Other current liabilities, non interest-bearing 1,320 1,264 1,281 Total current liabilities 1,394 1,336 1,375 T otal equity and liabilities 4,606 5,023 5,099 1) Of which goodwill SEK 553 (582) (594) million. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY JAN-SEPT SEK MILLION 30-09-2025 30-09-2024 31-12-2024 Equity at start of period 2,053 1,838 1,838 Comprehensive income Earnings after tax 13 152 161 Other comprehensive income -186 61 123 T otal comprehensive income -173 213 284 Transactions with shareholders Transaction with non-controlling interests -25 -24 -24 Non-controlling interests arising from the acquisition of subsidiary - 4 7 Dividend to Parent Company shareholders -58 -52 -52 Total transactions with shareholders -83 -72 -69 Equity at end of period 1,797 1,979 2,053 BULTEN • INTERIM REPORT Q3 2025 11 ===== SIDA 12 ===== CONSOLIDATED CASH FLOW STATEMENT Q3 JAN-SEPT FULL YEAR SEK MILLION 2025 2024 2025 2024 2024 Operating activities Earnings after financial items -13 55 47 205 224 Adjustments for items not included in cash flow 42 24 137 125 189 Taxes paid -12 -8 -49 -57 -75 Cash flow from operating activities before changes in working capital 17 71 135 273 338 Cash flow from changes in working capital Change in working capital 166 -132 246 -10 4 -19 Cash flow from operating activities 183 -61 381 169 319 Investing activities Acquisition of intangible fixed assets -0 -1 -1 -3 -4 Acquisition of tangible fixed assets -27 -40 -145 -129 -200 Divestment of tangible fixed assets 0 0 1 1 2 Change in financial assets - – - – -1 Cash flow from investing activities -27 -41 -145 -131 -203 Financing activities Change in overdraft facilities and other financial liabilities -14 8 -46 -141 48 31 Amortization of lease liabilities -18 -21 -57 -60 -79 Dividend to Parent Company shareholders - – -58 -52 -52 Transactions with non-controlling interests -12 -24 -26 -24 -24 Cash flow from financing activities -178 -91 -282 -88 -124 Cash flow for the period -22 -193 -46 -50 -8 Cash flow for the period -22 -193 -46 -50 -8 Cash and cash equivalents at start of period 297 493 350 340 340 Exchange rate difference in cash and cash equivalents -6 -2 -35 8 18 Cash and cash equivalents at end of period 269 298 269 298 350 CONSOLIDATED NET DEBT COMPOSITION SEK MILLION 30-09-2025 30-09-2024 31-12-2024 Long-term interest-bearing liabilities -1,392 -1 675 -1,6 4 0 Provision for pensions -12 -13 -12 Current interest-bearing liabilities -74 -72 -94 Financial interest-bearing receivables 1 2 2 Cash equivalents 269 298 350 Net debt (-) -1,208 -1,461 -1,394 Less interest-bearing liabilities attributable to lease liabilities 464 520 529 Adjusted net debt (-), (excluding lease liabilities) -744 -940 -865 BULTEN • INTERIM REPORT Q3 2025 12 ===== SIDA 13 ===== FIGURES FOR THE GROUP GROUP Q3 JAN-SEPT FULL YEAR 2025 2024 2025 2024 2024 Margins EBITDA margin, % 5.9 10.6 7.1 9.9 8.6 Adjusted EBITDA margin, % 3) 6.8 10.6 8.8 9.9 8.6 EBIT margin (operating margin), % 0.6 6.8 2.9 6.5 5.2 Adjusted EBIT margin (operating margin), % 3) 1.5 6.8 4.6 6.5 5.2 Net margin, % -2.2 2.9 0.3 3.5 2.8 Adjusted net margin, % 3) -1.4 2.9 1.7 3.5 2.8 Capital structure Interest coverage ratio, times 0.3 2.3 1.7 3.2 3.0 Earnings per share attributable to Parent Company shareholders Earnings per share before dilution, SEK -1.37 1.56 -0.29 6.42 6.45 Adjusted earnings per share before dilution, SEK 3) -1.00 1.56 2.09 6.42 6.45 Earnings per share after dilution, SEK -1.37 1.56 -0.29 6.42 6.45 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 Weighted number of outstanding ordinary shares after dilution, 000 20,988.0 20,988.0 20,988.0 20,988.0 20,988.0 GROUP 30-09-2025 30-09-2024 31-12-2024 Capital structure Net debt/ equity ratio, times -0.7 -0.7 -0.7 Equity/ assets ratio, % 39.0 39.4 40.3 Equity/ assets ratio, (excluding lease liabilities, IFRS 16), % 43.3 44.0 44.9 Other Net debt (-), SEK million -1,208 -1,4 61 -1,394 Adjusted net debt (-), (excluding lease liabilities), SEK million -74 4 -940 -865 Equity per share attributable to Parent Company shareholders Equity per share before dilution, SEK 83.97 92.74 95.64 Equity per share after dilution, SEK 83.97 92.74 95.64 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 ROLLING FULL YEAR OCT 2024 – SEPT 2025 OCT 2023 – SEPT 2024 2024 Profitability ratios Return on capital employed, % 4.4 9.8 9.2 Adjusted return on capital employed, % 1) 6.2 9.8 9.2 Return on capital employed, (excluding leasing, IFRS 16), % 4.6 10.8 10.2 Adjusted return on capital employed, (excluding leasing IFRS 16), % 6.5 10.7 10.2 Return on capital employed, excluding goodwill, % 5.2 11.7 11.0 Adjusted return on capital employed, excluding goodwill, % 7.4 11.7 11.0 Return on equity, % -0.3 8.2 7.1 Adjusted return on equity, % 2) 2.4 8.2 7.1 Capital structure Capital turnover rate, times 1.5 1.6 1.6 Employees Net sales per employee, SEK 000 2,893 3,100 3,048 Operating earnings per employee, SEK 000 72 165 158 Average number of full-time employees (FTE) 1,824 1,906 1,905 DEFINITIONS Definitions of calculated key indicators are unchanged compared to the definitions in the 2024 Annual Report. Other key indicators not in the Annual Report or on page 18 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 Q3 2025 13 ===== SIDA 14 ===== QUARTERL Y DATA FOR THE GROUP 2025 2024 2023 SEK MILLION Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Order bookings 902 1,211 1,314 1,470 1,455 1,541 1,299 1,582 1,566 Income statement Net sales 1,034 1,337 1,431 1,475 1,333 1,466 1,533 1,576 1,378 Gross profit 193 253 252 242 251 259 318 258 210 Adjusted gross profit 3) 193 253 290 242 251 259 318 258 210 Earnings before depreciation (EBITDA) 61 112 98 70 140 124 163 87 77 EBITDA margin, % 5.9 8.4 6.8 4.8 10.6 8.4 10.7 5.6 5.6 Adjusted Earnings before depreciation (EBITDA) 3) 71 120 143 70 140 124 163 87 82 Adjusted EBITDA margin, % 3) 6.8 9.0 10.0 4.8 10.6 8.4 10.7 5.6 5.9 Operating earnings (EBIT) 6 6.1 44 20 91 74 116 33 31 EBIT margin (operating margin), % 0.6 4.6 3.1 1.4 6.8 5.1 7. 5 2.1 2.3 Adjusted Operating earnings (EBIT) 3) 16 69 89 20 91 74 116 33 36 Adjusted EBIT margin (operating margin), % 3) 1.5 5.2 6.2 1.4 6.8 5.1 7. 5 2.1 2.6 Earnings after tax -22 21 14 9 38 40 74 30 -25 Net margin, % -2.2 1.6 1.0 0.6 2.9 2.7 4.8 1.9 -1.8 Adjusted earnings after tax 3) -14 27 50 9 38 40 74 30 -20 Adjusted Net margin, % 3) -1.4 2.1 3.5 0.6 2.9 2.7 4.8 1.9 -1.5 Cash flow from operating activities 183 127 71 150 -61 107 123 89 20 investing activities -27 -54 -64 -72 -41 -51 -39 -27 -559 financing activities -178 -109 5 -36 -91 -2 5 -87 597 Cash flow for the period -22 -36 12 42 -193 54 89 -25 58 Earnings per share attributable to Parent Company shareholders Earnings per share before dilution, SEK -1.37 0.69 0.39 0.03 1.56 1.64 3.22 1.00 -1.49 Adjusted earnings per share before dilution, SEK 3) -1.00 1.00 2.09 0.03 1.56 1.64 3.22 1.00 -1.25 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 Q3 2025 14 ===== SIDA 15 ===== QUARTERL Y DATA FOR THE GROUP SEK MILLION 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 31-03-2023 Balance sheet Fixed assets 2,340 2,366 2,361 2,435 2,346 2,353 2,319 2,236 2,264 1,842 1,771 Current assets 2,266 2,467 2,503 2,664 2,677 2,690 2,691 2,616 2,676 2,491 2,451 Equity 1,797 1,862 1,907 2,053 1,979 1,969 2,007 1,838 1,901 1,988 1,923 Long-term liabilities 1,415 1,617 1,667 1,671 1,708 1,690 1,631 1,232 1,243 671 763 Current liabilities 1,394 1,354 1,290 1,375 1,336 1,384 1,372 1,782 1,796 1,674 1,535 Other Net debt (-) -1,208 -1,382 -1,383 -1,394 -1,4 61 -1,338 -1,30 4 -1,34 0 -1,422 -812 -780 Adjusted net debt (-) -74 4 -910 -903 -865 -940 -793 -777 -834 -882 -301 -277 Equity per share attributable to Parent Company shareholders Equity per share before dilution, SEK 83.97 86,84 88.58 95.64 92.74 91.31 93.51 85.88 88.54 92.99 90.11 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 Share price Share price at end of period (SEK) 53.20 60.90 63.30 72.70 67.70 83.50 73.50 80.00 69.70 99.40 88.20 BULTEN • INTERIM REPORT Q3 2025 15 ===== SIDA 16 ===== GROUP, 12-MONTH ROLLING SEK MILLION 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 JANUARY 2023– DECEMBER 2023 OCTOBER 2022– SEPTEMBER 2023 Income statement Net sales 5,277 5,576 5,705 5,807 5,908 5,953 5,903 5,757 5,520 Gross profit 940 998 1,004 1,070 1,086 1,045 1,003 968 955 Adjusted gross profit 3) 978 1,035 1,042 1,070 1,086 1,045 1,003 968 963 Earnings before depreciation (EBITDA) 341 420 432 497 514 451 422 419 480 EBITDA margin, % 6.5 7. 5 7.6 8.6 8.7 7.6 7. 2 7. 3 8.7 Adjusted earnings before depreciation (EBITDA) 3) 404 474 477 497 514 456 435 432 503 Adjusted EBITDA margin, % 3) 7.6 8.5 8.4 8.6 8.7 7.7 7.4 7. 5 9.1 Operating earnings (EBIT) 131 216 229 301 314 254 230 230 300 EBIT margin (operating margin), % 2.5 3.9 4.0 5.2 5.3 4.3 3.9 4.0 5.4 Adjusted operating earnings (EBIT) 3) 194 269 274 301 314 259 243 243 324 Adjusted EBIT margin (operating margin), % 3) 3.7 4.8 4.8 5.2 5.3 4.4 4.1 4.2 5.9 Earnings after tax 22 82 101 161 182 119 122 127 170 Net margin, % 0.4 1.5 1.8 2.8 3.1 2.0 2.1 2.2 3.1 Adjusted earnings after tax 3) 72 125 137 161 182 124 135 140 192 Adjusted net margin, % 3) 1.4 2.2 2.4 2.8 3.1 2.1 2.3 2.4 3.5 Employees Net sales per employee, SEK 000 2,893 2,990 3,035 3,048 3,100 3,138 3,145 3,451 3,398 Operating earnings per employee, SEK 000 72 116 122 158 165 134 123 138 184 Average number of full-time employees (FTE) on closing date 1,824 1,865 1,880 1,905 1,906 1,897 1,877 1,668 1,625 Profitability ratios Return on capital employed, % 4.4 6.5 7.0 9.2 9.8 8.2 8.2 8.1 9.1 Adjusted return on capital employed, % 1) 6.2 8.0 8.2 9.2 9.8 8.4 8.5 8.5 9.8 Return on capital employed, (excluding leasing, IFRS 16), % 4.6 7. 2 7.7 10.2 10.8 9.2 8.9 8.7 10.3 Return on capital employed, (excluding goodwill), % 5.2 7.7 8.3 11.0 11.7 9.3 9.3 9.2 10.4 Adjusted return on capital employed, excluding goodwill, % 1) 7.4 9.4 9.7 11.0 11.7 9.5 9.7 9.6 11.2 Return on equity, % -0.3 3.0 4.0 7.1 8.2 4.7 5.0 5.7 8.1 Adjusted return on equity, % 2) 2.4 5.3 5.8 7.1 8.2 5.0 5.6 6.5 9.3 Other Net debt (-)/EBITDA -3.5 -3.3 -3.2 -2.8 -2.8 -3.0 -3.1 -3.2 -3.0 Adjusted net debt (-)/EBITDA*) -2.2 -2.2 -2.1 -1.7 -1.8 -1.8 -1.8 -2.0 -1.8 Adjusted net debt (-)/ Adjusted EBITDA**) -2.3 -2.3 -2.3 -2.1 -2.2 -2.1 -2.2 -2.4 -2.1 *) 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 Q3 2025 16 ===== SIDA 17 ===== INCOME BY GEOGRAPHIC MARKET Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Sweden 118 123 -5 432 455 -23 582 605 Germany 59 70 -11 185 179 6 244 238 UK 262 394 -132 1,083 1,358 -275 1,511 1,786 Poland 37 9 28 57 35 22 67 45 Rest of Europe 207 344 -137 986 1,143 -157 1,378 1,535 China 183 209 -26 545 590 -45 799 844 USA 68 73 -5 204 237 -33 272 305 Rest of the world 100 111 -11 310 335 -25 424 449 Total income 1,034 1,333 -299 3,802 4,332 -530 5,277 5,807 INCOME BY CUSTOMER GROUP Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 OEM Light vehicle 546 807 -261 2,264 2,688 -424 3,146 3,570 OEM Heavy commercial vehicle 104 117 -13 364 389 -25 490 515 Tiers 198 226 -28 612 731 -119 838 957 Other income 186 183 3 562 524 38 803 765 Total income 1,034 1,333 -299 3,802 4,332 -530 5,277 5,807 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 Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Chassis/body 711 968 -257 2,719 3,193 -474 3,764 4,238 Powertrain 137 179 -42 521 615 -94 710 804 Other income 186 186 - 562 524 38 803 765 Total income 1,034 1,333 -299 3,802 4,332 -530 5,277 5,807 INCOME DISTRIBUTED BY INCOME CATEGORY Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Own production 593 719 -126 2,138 2,449 -311 2,920 3,231 Outsourced production 416 591 -175 1,555 1,769 -214 2,213 2,427 Other income 25 23 2 109 114 -5 144 149 Total income 1,034 1,333 -299 3,802 4,332 -530 5,277 5,807 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 Q3 2025 17 ===== SIDA 18 ===== 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 NET SALES Q3 JAN-SEPT SEK MILLION 2025 2024 2025 2024 Net sales 1,034 1,333 -299 3,802 4,332 -530 Currency effect, current period 49 - 49 120 - 120 Adjusted net sales 1,083 1,333 -250 3,922 4,332 -410 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 Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Operating earnings (EBIT) 6 91 -85 111 281 -170 131 301 Depreciation/ amortization and impairments 55 49 6 160 146 14 210 196 Operating earnings before depreciation (EBITDA) 61 140 -79 271 427 -156 341 497 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 Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Operating earnings excluding depreciation (EBITDA) 61 140 -79 271 427 -156 341 497 Non- recurring cost 10 - 10 63 - 63 63 – Adjusted operating earnings before depreciation (EBITDA) 71 140 -69 334 427 -93 404 497 adjusted operating earnings , adjusted ebit Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Operating earnings (EBIT) 6 91 -85 111 281 -170 131 301 Non-recurring cost 10 - 10 63 - 63 63 – Adjusted operating earnings (EBIT) 16 91 -75 174 281 -107 194 301 ADJUSTED NET EARNINGS Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Net earnings -22 38 -60 13 152 -139 22 161 Non-recurring cost 8 - 8 50 - 50 50 – Adjusted net earnings -14 38 -52 63 152 -89 72 161 ADJUSTED NET DEBT (EXCLUDING LEASE LIABILITIES ) SEK MILLION 30-09-2025 30-09-2024 31-12-2024 Net debt (-) -1,208 -1,4 61 -1,394 Less interest-bearing liabilities attributable to lease liabilities 464 520 529 Adjusted net debt (-), (excluding lease liabilities) -744 -940 -865 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. BULTEN • INTERIM REPORT Q3 2025 18 ===== SIDA 19 ===== INCOME STATEMENT, PARENT COMPANY Q3 JAN-SEPT 12-MONTH ROLLING FULL YEAR SEK MILLION 2025 2024 2025 2024 OCT 2024 – SEPT 2025 2024 Net sales 6 7 -1 18 20 -2 25 27 Gross profit 6 7 -1 18 20 -2 25 27 Administrative expenses -8 -9 1 -39 -37 -2 -56 -54 Operating earnings -2 -2 - -21 -17 -4 -31 -27 Interest income 0 – 0 0 0 - 0 0 Interest expenses and similar loss items -8 -8 - -21 -20 -1 -28 -27 Earnings after net financial items -10 -10 - -42 -37 -5 -59 -54 Appropriations - – - - – - - – Earnings before tax -10 -10 - -42 -37 -5 59 -54 Tax on earnings for the period 2 2 - 8 7 1 12 11 Earnings after tax -8 -8 - -34 -30 -4 -47 -43 BALANCE SHEET, PARENT COMPANY SEK MILLION 30-09-2025 30-09-2024 31-12-2024 ASSETS Fixed assets Intangible fixed assets 1 – – Tangible fixed assets 5 7 7 Total intangible and tangible fixed assets 6 7 7 Financial assets Participations in Group companies 1,450 1,450 1,450 Other long-term receivables 1 1 1 Total financial assets 1,451 1,451 1,451 Deferred tax assets 27 15 19 Total fixed assets 1,484 1,473 1,477 Current assets Current receivables from Group companies 0 0 – Other current receivables 6 9 5 Cash and cash equivalents - – – Total current assets 6 9 5 Total assets 1,490 1,482 1,482 EQUITY AND LIABILITIES Equity Restricted equity 110 110 110 Non-restricted equity 666 771 757 Total equity 776 881 867 Long-term liabilities Long-term liabilities to Group companies 694 575 598 Total long-term liabilities 694 575 598 Current liabilities Current liabilities to Group companies 6 7 – Other current liabilities 14 19 17 Total current liabilities 20 26 17 Total equity and liabilities 1,490 1,482 1,482 BULTEN • INTERIM REPORT Q3 2025 19 ===== SIDA 20 ===== 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 February 3, 2026 Full year report January - December 2025 April 23, 2026 Interim report January - March 2026 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 October 21, 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/ q3-2025/ Via the webcast you are able to submit written questions. If you wish to participate via teleconference, please dial +46 850 500 829 and use PIN code 822 2103 9843#. 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 08:00 CEST on October 21, 2025.