Kvartalsrapport Q3 2025

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

INTERIM REPORT JANUARY–SEPTEMBER 2025   Q3  
 
 Higher order backlog in Ports & Maritime and strengthened profitability in Industry  Third quarter 2025  • Order intake increased 0.5% to EUR 36.3 million (36.1)  • Revenue decreased 18.8% to EUR 35.8 million (44.1) • Operating result (EBIT) amounted to EUR -0.5 million (3.0) with an operating margin of -1.4% (6.8%) • Adjusted operating result amounted to EUR -0.2 million (3.0) with an adjusted operating margin of  -0.6% (6.8%) • Result for the period amounted to EUR -1.7 million (1.0)  • Operating cash flow improved to EUR 2.8 million  (-1.1) • Earnings per share, basic and diluted, amounted to  EUR -0.016 (0.010)  
January–September 2025 • Order intake decreased 5.8% to EUR 109.6 million (116.3)  • Revenue decreased 14.9% to EUR 110.2 million (129.5) • Operating result (EBIT) amounted to EUR -0.5 million (7.3) with an operating margin of -0.4% (5.6%) • Adjusted operating result amounted to EUR 0.4 million (7.3) with an adjusted operating margin of 0.4% (5.6%) • Result for the period amounted to EUR -3.1 million (2.2)  • Operating cash flow improved to EUR 6.5 million (3.9) • Earnings per share, basic and diluted, amounted to EUR -0.029 (0.021) • Net debt decreased to EUR -13.3 million from EUR  -15.3 million at year-end 2024 while the leverage ratio increased to 1.44x from 0.91x 
 Key events during the third quarter  • The Swedish company Cavotec Group AB became the parent company of Cavotec Group following a share-for-share exchange offer and the change of domicile from Switzerland to Sweden. Following the exchange offer,  a merger has been implemented where the remaining shareholders of Cavotec SA have received one ordinary share in Cavotec Group AB for each share in Cavotec SA. The number of shares is thereafter 106,696,030.  Key events after the end of the third quarter • Order signed to deliver the first shore power systems to the Maldives. • Orders for shore power systems with a total value of EUR 9.35 million signed with leading global container shipping company. • First major contract signed with Australian Civmec for the supply of a motorised cable reel.  Financial summary    Third quarter   January-September     Full year   EUR thousands 2025 2024 Change 2025 2024 Change LTM 2024 Change Order intake 36,308 36,143 0.5% 109,597 116,326 -5.8% 171,051 177,780 -3.8% Order backlog 125,824 110,381 14.0% 125,824 110,381 14.0% 125,824 126,390  -0.4% Revenue 35,799 44,092 -18.8% 110,186 129,545 -14.9% 155,593 174,952  -11.1% EBITDA 1,000 4,438 -77.5% 4,055 11,468 -64.6% 9,264 16,677  -44.5% EBITDA margin 2.8% 10.1% -7.3pp 3.7% 8.9% -5.2pp 6.0% 9.5% -3.5pp EBITDA, adjusted 1,274 4,438 -71.3% 4,911 11,468 -57.2% 10,367 16,924  -38.7% EBITDA margin, adjusted 3.6% 10.1% -6.5pp 4.5% 8.9% -4.4pp 6.7% 9.7% -3.0pp Operating result (EBIT)  -496 3,007 -116.5%  -457 7,318 -106.2% 3,118 10,893  -71.4% Operating margin (EBIT margin) -1.4% 6.8% -8.2pp -0.4% 5.6% -6.0pp 2.0% 6.2% -4.2pp Operating result (EBIT), adjusted  -222 3,007 -107.4%  399 7,318 -94.5% 4,221 11,140  -62.1% Operating margin (EBIT margin), adjusted -0.6% 6.8% -7.4pp 0.4% 5.6% -5.2pp 2.7% 6.4% -3.7pp Result for the period  -1,666 1,025 -262.5%  -3,076 2,207 -239.4%  -1,443 3,840  -137.6% Operating cash flow 2,816  -1,091 358.1% 6,537 3,918 66.8% 8,846 6,226 42.1% Basic and diluted EPS, EUR -0.016 0.010 -260.0% -0.029 0.021 -238.1% -0.014 0.036  -138.9% Net debt  -13,344 -15,336 -13.0% -13,344 -15,336 -13.0% -13,344 -15,257 -12.5% Leverage ratio 1.44x 0.85x 0.59x 1.44x 0.85x 0.59x 1.44x 0.91x 0.53x

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

Q3 2025 | Interim Report January-September 2025   
 
 ● cavotec.com 2 
Comments from the CEO Higher order backlog driven by demand for shore power and MoorMaster systems   Order intake was in line with the same period last year a3er a strong second quarter, driven by good demand for our shore power solu<ons and MoorMaster automa<c mooring systems. Our order backlog amounts to EUR 125.8 million where growth is driven by customers’ need to electrify industrial applica<ons, reduce greenhouse gas emissions and increase efficiency. We also see in this quarter that the sales are affected by continued uncertainty among our customers. At the same time, we are affected by the fact that the Ports & Maritime segment in particular is a project-driven business with long delivery times. Over the past ten months, we have won many significant orders in Ports & Maritime, where the majority of deliveries will not take place until next year. Lower volumes in the quarter, due to Ports & Maritime's long delivery times and continued caution among customers, have led to us reporting a loss after tax in the quarter.  Strong demand for shore power soluGons In Ports & Maritime, we have seen strong demand in 2025, especially for shore power solutions, and continued robust demand for MoorMaster systems. Demand for shore power solutions is driven by the need to reduce greenhouse gas emissions in the marine sector, and MoorMaster systems contribute to safer working environments and increased efficiency in ports.  After the end of the quarter, we have communicated several significant orders for shore power systems. Two orders, with a total value of EUR 9.35 million, include shore power for new built and existing container vessels. The customer is a leading global container shipping company that earlier this year signed an order for EUR 8.1 million for shore power. It is a good mark of our delivery capacity and product quality when a leading player in the industry gives us increased confidence. A large part of the latest order involves retrofitting our shore power systems on existing vessels. This means that we will install our solutions on the vessels when they are in operation between Asia, America and Europe. These are undoubtedly challenging projects that require a lot of logistics and technical know-how. We are proud to have this competence and experience. Deliveries will continue throughout 2026.  The second agreement we have communicated involves delivering the first shore power systems in the Maldives. We expect the systems to become an important reference in the region and may create opportunities for more projects in nearby areas and in South Asia. We will begin deliveries in the first quarter of 2026.  Improved profitability in Industry In the Industry segment, delivery times are shorter and we saw a slight increase in sales from the same quarter last year. Profitability also improved, which primarily reflects the cost-saving and efficiency measures we implemented in 2024.  Our work within Industry to increase our market presence and attract new customers has led to more opportunities for us that we are very hopeful about. In Industry, the business 
consists of many smaller, but recurring orders, which balances Ports & Maritime's project-driven business.  We have after the end of the quarter announced an order with construction and engineering company Civmec for a motorised cable reel for installation in Port Hedland, Western Australia – one of the world’s largest iron ore export ports. This is a significant agreement as it is our first major collaboration with Civmec and strengthens our presence in Australia’s mining and bulk handling sector. Delivery is scheduled for the third quarter of 2026.  Cash flow impacted by advance payments During the quarter, cash flow was affected by a high level of capital tied up in work in progress and inventory in preparation for upcoming major deliveries, primarily of shore power systems. Despite this, cash flow was strong as a result of advance payments related to shore power orders.  Strategic review During the year, we have conducted a thorough review of our markets, our operations and future opportunities. This has resulted in a clear direction and provides us with a good basis for our priorities and where our opportunities lie. This is not least important when we are allocating resources and making decisions about future investments in, for example, product development and customised solutions. Already last year, we initiated increased investments in product development, which has led to a number of new launches. With this thorough strategic review, we can make even more informed decisions and choose the right path.  Strong underlying markets We see continued uncertainty among our customers while our underlying markets remain strong, driven by the need to reduce greenhouse gas emissions, improve port environments and increase customer efficiency. I am confident in Cavotec's ability to create long-term value thanks to our 50 years of industry experience, strong offering, long-standing customer relationships and professional employees.      David Pagels Chief Executive Officer

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

Q3 2025 | Interim Report January-September 2025   
 
3 ● cavotec.com 
Financial Review – Group  Revenue by volume, prices and currency effects  EUR thousands Third quarter 2025 Third quarter 2024 January-September 2025 January-September 2024  Group Ports & Maritime Industry Group Ports & Maritime Industry Group Ports & Maritime Industry Group Ports & Maritime Industry Revenue  35,799 19,339 16,460 44,092 27,858 16,234 110,186 62,716 47,470 129,545 80,064 49,481 Increase/decrease -8,293 -8,519  226 2,126 437 1,689 -19,359 -17,348 -2,011 2,318 243 2,075 Change -18.8% -30.6% 1.4% 5.1% 1.6% 11.6% -14.9% -21.7% -4.1% 1.8% 0.3% 4.4% Of which             - Volumes and prices -17.8% -29.6% 2.4% 4.8% 1.4% 11.0% -13.8% -20.6% -3.0% 2.2% 0.7% 4.8% - Currency effects -1.0% -1.0% -1.0% 0.3% 0.2% 0.6% -1.1% -1.1% -1.1% -0.4% -0.4% -0.4%   Third quarter 2025  Order intake, order backlog and revenue Order intake increased 0.5% to EUR 36.3 million (36.1). The order backlog increased 14.0% to EUR 125.8 million (110.4) and increased 0.8% from EUR 124.9 million at the end of the second quarter 2025. The order backlog largely consists of orders with delivery starting next year.   Revenue decreased 18.8% to EUR 35.8 million (44.1) due to continued uncertainty among customers and a low order intake in Ports & Maritime during the third quarter of 2024. As a result of the naturally long delivery times in Ports & Maritime, revenue is affected by the low order intake in the following year. Some delays in planned deliveries of shore power systems also had a negative impact on revenue during the quarter. Currency effects had a negative impact of 1.0% in the quarter.   EBIT (operating result) EBIT decreased 116.5% to EUR -0.5 million (3.0) and the EBIT margin decreased 8.2 percentage points to  -1.4% (6.8%) due to lower volumes.   Adjusted EBIT decreased 107.4% to EUR -0.2 (3.0) million and the adjusted EBIT margin decreased 7.4 percentage points to -0.6% (6.8%). EBIT has been adjusted for non-recurring costs of EUR 0.3 million related to relocation of the registered office from Switzerland to Sweden.   Profit for the period and earnings per share Net financial income improved to EUR -0.5 million (-0.7). Profit before income tax decreased to EUR -1.0 million (2.3). Income taxes amounted to EUR -0.7 million (-1.3). The tax level is explained by the geographical distribution of taxable profit and by the fact that no tax effect has been recognised for tax losses carried forward. Result for the period decreased to EUR -1.7 million (1.0), mainly due to the long delivery times in Ports & Maritime and continued caution among customers. Earnings per share, basic and diluted, decreased to EUR -0.016 (0.010).  Cash flow Operating cash flow increased to EUR 2.8 million (-1.1) due to advance payments related to shore power orders. Working capital increased due to higher capital tied up in work in progress and inventory ahead of upcoming deliveries, primarily of shore power systems.

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

Q3 2025 | Interim Report January-September 2025   
 
4 ● cavotec.com 
 January-September 2025  Order intake and revenue Order intake decreased 5.8% to EUR 109.6 million (116.3).  Revenue decreased 14.9% to EUR 110.2 million (129.5)due to continued uncertainty among customers and the project-driven nature of the business with long delivery times. Currency effects had a negative impact on revenue of 1.1% during the nine-month period.  EBIT (operating result) EBIT decreased 106.2% to EUR -0.5 million (7.3) and the EBIT margin decreased 6.0 percentage points to  -0.4% (5.6%).   Adjusted EBIT decreased 94.5% to EUR 0.4 million (7.3) and the adjusted EBIT margin decreased  5.2 percentage points to 0.4% (5.6%). EBIT has been adjusted for non-recurring costs of EUR 0.9 million related to relocation of the registered office from Switzerland to Sweden.   Profit for the period and earnings per share Net financial income improved to EUR -1.4 million (-2.2). Profit before income tax decreased to EUR -1.8 million (5.1). Income taxes amounted to EUR -1.2 million (-2.9). The effective tax rate varies between the periods, primarily reflecting changes in the geographic mix of earnings. Result for the period decreased to EUR -3.1 million (2.2), mainly due to the long delivery times in Ports & Maritime and continued caution among customers. Earnings per share, basic and diluted, decreased to EUR -0.029 (0.021).  Cash flow Operating cash flow increased to EUR 6.5 million (3.9) due to advance payments related to shore power orders in the third quarter of 2025.  Financial position Net debt improved to EUR -13.3 million from EUR -15.3 million at 31 December 2024 and improved from EUR -15.6 million at 30 June 2025. The leverage ratio, measured as debt-to-EBITDA LTM, increased to 1.44x compared to 0.91x at 31 December 2024 and decreased from 1.23x at 30 June 2025. The equity/assets ratio decreased in the quarter to 35.6% from 38.9% at 31 December 2024 and increased from 34.1% at 30 June 2025. At the end of the quarter, Cavotec complied with all its covenants.    
     Ports & Maritime Industry 
 EBIT margin, % 
EBIT, EUR million 
 - 10 20 30 40 50 60
Q323Q423Q124Q224Q324Q424Q125Q225Q325
Group Revenue quarterly development EUR m
-4%-2%0%2%4%6%8%10%12%14%
-1012345
Q323Q423Q124Q224Q324Q424Q125Q225Q325
Group EBIT and EBIT marginEUR m

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

Q3 2025 | Interim Report January-September 2025   
 
5 ● cavotec.com 
 Financial Review – Segments  Order intake and order backlog  EUR thousands         Q3 2025 Q3 2024 Change Q2 2025 Change Q4 2024 Change Order intake        Ports & Maritime 21,850 20,966 4.2% 29,638 -26.3% 43,644 -49.9% Industry 14,459 15,177 -4.7% 15,073 -4.1% 17,810 -18.8% Group 36,308 36,143 0.5% 44,711 -18.8% 61,454 -40.9%         Order backlog 30 Sep 2025 30 Sep 2024 Change 30 June 2025 Change 31 Dec 2024 Change Ports & Maritime 103,085 88,527 16.4% 100,437 2.6% 102,293 0.8% Industry 22,738 21,854 4.0% 24,743 -8.1% 24,097 -5.6% Group 125,824 110,381 14.0% 125,180 0.5% 126,390 -0.4%  PORTS & MARITIME  Third quarter 2025  Order intake, order backlog and revenue Order intake increased 4.2% to EUR 21.9 million (21.0), driven by demand for shore power solutions and MoorMaster systems. The order backlog increased 16.4% to EUR 103.1 million (88.5) and increased 2.6% from EUR 100.4 million at the end of the second quarter 2025. The order backlog largely consists of orders with delivery starting next year.  Revenue decreased 30.6% to EUR 19.3 million (27.9), due to continued uncertainty among customers and a low order intake during the third quarter of 2024. As a result of the naturally long delivery times, revenue is affected by the low order intake in the following year. Some delays in planned deliveries of shore power systems also had a negative impact on revenue during the quarter. Currency effects had a negative impact of 1.0%.   After the end of the quarter, Cavotec announced the signing of an order for shore power systems with a total value of EUR 9.35 with a leading global container shipping company. Deliveries are scheduled to begin this year and continue until the end of 2026. Cavotec also announced an order to deliver the first shore power systems to the Maldives with deliveries scheduled for the first quarter 2026.  EBITDA EBITDA decreased to EUR -0.6 million (3.7) and the EBITDA margin decreased to -3.2% (13.2%), negatively impacted by lower revenue and preparations for upcoming deliveries next year. Gross operating result (EBITDA) is reported including allocation of costs related to headquarters.       
0%2%4%6%8%10%12%14%
012345
Q123Q223Q323Q423Q124Q224Q324Q424Q125
Group EBIT and EBIT marginEUR m
EBITDA margin, % EBITDA, EUR million 
0510152025303540
Q323Q423Q124Q224Q324Q424Q125Q225Q325
Ports & Maritime RevenueEUR m
-5%0%5%10%15%20%
-101234567
Q323Q423Q124Q224Q324Q424Q125Q225Q325
Ports & Maritime EBITDA and EBITDA marginEUR m

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

Q3 2025 | Interim Report January-September 2025   
 
6 ● cavotec.com 
 January-September 2025  Order intake and revenue Order intake decreased 7.6% to EUR 63.5 million (68.7).   Revenue decreased 21.7% to EUR 62.7 million (80.1), due to uncertainty among customers and the project-driven nature of the business with long delivery times. Currency effects had a negative impact of 1.1%.   EBITDA EBITDA decreased 82.9% to EUR 1.6 million (9.2) and the EBITDA margin decreased 9.0 percentage points to 2.5% (11.5%), negatively impacted by lower revenue and preparations for upcoming deliveries next year. Gross operating result (EBITDA) is reported including allocation of costs related to headquarters. INDUSTRY   Third quarter 2025  Order intake, order backlog and revenue Order intake decreased 4.7% to EUR 14.5 million (15.2). The order backlog increased 4.0% to EUR 22.7 million (21.9) and decreased 8.1% from EUR 24.7 million in the second quarter 2025.   Revenue increased 1.4% to EUR 16.5 million (16.2). Currency effects had a negative impact of 1.0%.   After the end of the quarter, Cavotec announced its first major contract with Australian construction and engineering company Civmec for the supply of a motorised cable reel to be installed at Port Hedland, Western Australia, one of the world’s largest iron ore export facilities. Delivery is scheduled for the third quarter of 2026.  EBITDA EBITDA increased 108.8% to EUR 1.6 million (0.8) and the EBITDA margin increased 5.1 percentage points to 9.9% (4.8%), primarily reflecting the cost-saving and efficiency measures implemented 2024. Gross operating result (EBITDA) is reported including allocation of costs related to headquarters.  January-September 2025  Order intake and revenue Order intake decreased 3.1% to EUR 46.1 million (47.6).   Revenue decreased 4.1% to EUR 47.5 million (49.5). Currency effects had a negative impact of 1.1%.   EBITDA EBITDA increased 9.2% to EUR 2.5 million (2.3) and the EBITDA margin increased 0.6 percentage points to 5.2% (4.6%), primarily reflecting the cost-saving and efficiency measures implemented 2024. Gross operating result (EBITDA) is reported including allocation of costs related to headquarters.      
EBITDA, EUR million EBITDA margin, % 
02468101214161820
Q323Q423Q124Q224Q324Q424Q125Q225Q325
Industry RevenueEUR m
-4%-2%0%2%4%6%8%10%12%
-0,500,511,52
Q323Q423Q124Q224Q324Q424Q125Q225Q325
Industry EBITDA and EBITDA marginEUR m

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

Q3 2025 | Interim Report January-September 2025   
 
7 ● cavotec.com 
Significant events during and after the end of the quarter On 21 May 2025, Cavotec Group AB, a wholly owned Swedish subsidiary of Cavotec SA, announced an offer to acquire all shares in Cavotec SA in exchange for one ordinary share in Cavotec Group AB per Cavotec SA share, for the purpose of implementing a change of domicile from Switzerland to Sweden. All conditions for the offer were fulfilled and the ordinary shares of Cavotec Group AB were listed on Nasdaq Stockholm on  9 July 2025. Cavotec SA’s shares were delisted on 30 July 2025.   On 7 October 2025, Cavotec Group AB announced the implementation of a merger to complete the change of domicile to Sweden. Through the merger, the remaining shareholders of Cavotec SA received one ordinary share in Cavotec Group AB for each share in Cavotec SA. After the merger, the number of ordinary shares in Cavotec Group AB increased by 3,402,426, from 103,293,604 shares to 106,696,030 shares and the share capital increased by SEK 34,024.26 to SEK 1,066,960.30. The new number of shares in Cavotec Group AB corresponds to the total number of shares in Cavotec SA before the merger. The share transactions and change of domicile that took place before the balance sheet date of this interim report were of an irreversible nature. The financial reporting of the Cavotec Group AB Group is a continuation of the financial reporting of the Cavotec SA Group, and no non-controlling interest is recognised. See further section Notes to the consolidated interim financial statements.  Order signed to supply the first supply shore power systems in the Maldives. Two orders signed with a combined value of EUR 9.35 million with a leading global container shipping company. The new orders cover shore power systems for both newly built and existing container vessels. Order signed with Australian construction and engineering company Civmec for the supply of a motorised cable reel to be installed at Port Hedland, Western Australia, one of the world’s largest iron ore export facilities. Delivery is scheduled for the third quarter of 2026. Employees At the end of the period, Cavotec had 722 (697) full-time equivalent employees.  Parent company As described in the section Notes to the consolidated interim financial statements, the Parent Company of the Group changed from Cavotec SA to Cavotec Group AB (publ) on 30 June 2025, through a share exchange offer. The Parent Company’s net sales amounted to SEK 4.3 million in the quarter. The Parent Company was charged with personnel costs and certain financial expenses. Risks and uncertainties There are several strategic, operational and financial risks and uncertainties that could impact the Group’s financial results and position. Most of these can be managed by internal procedures, although some are governed by external factors to a greater extent. Macroeconomic factors such as growth, general economic conditions, price increases, population growth, inflation, interest rates, political uncertainty and changes in political or regulatory conditions may adversely affect Cavotec’s results of operations, as well as demand for Cavotec’s products and systems. Cavotec may be unable to retain or improve its position in a competitive market. Cavotec is also subject to risks related to product and technology development as well as exposed to risks related to supply of components and goods. Cavotec is also subject to risks related to regulatory compliance as well as tax risks and changes in tax legislation. For a more detailed description of the risks and uncertainties for the Group and the Parent Company, refer to Cavotec SA 2024 Annual Report and the prospectus relating to Cavotec Group AB’s offer to the shareholders of Cavotec SA. Cavotec works actively to monitor and continuously evaluate sustainability-related risk and their impact on the Group’s operations and earnings. As part of this governance, the Cavotec Management Team is following up compliance among subsidiaries regarding, for example, the Code of Conduct and work-related injuries.

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

Q3 2025 | Interim Report January-September 2025   
 
8 ● cavotec.com 
 Consolidated income statement  Third quarter January-September Full year EUR thousands 2025  2024  2025  2024  2024 Net sales 35,799 44,092 110,186 129,545 174,952 Other operating income  169 431  821 1,223 1,336 Raw materials and consumables -16,563 -21,652 -51,157 -63,074 -85,073 Other external expenses -5,456 -5,257 -15,583 -15,784 -21,109 Personnel expenses -12,949 -13,176 -40,212 -40,442 -53,428 Depreciation, amortisation and impairment1 -1,496 -1,431 -4,512 -4,150 -5,785 Operating result (EBIT) -496 3,007 -457 7,318  10,893       Other interest income and similar income items  54  13  397  162  325 Interest expenses and similar expense items -512 -680 -1,777 -2,338 -3,007 Other financial items 0 0 0 0 -5 Result from financial items -458 -667 -1,380 -2,176 -2,687       Result after financial items -954 2,340 -1,837 5,142 8,206       Income taxes -712 -1,315 -1,239 -2,935 -4,366 Result for the period -1,666 1,025 -3,076 2,207 3,840       Attributable to:      Parent company shareholders  -1,666  1,025  -3,076  2,207  3,840       Basic and diluted earnings per share -0.016 0.010 -0.029 0.021 0.036         Statements of comprehensive income  Third quarter January-September Full year EUR thousands 2025  2024  2025  2024  2024 Result for the period  -1,666  1,025  -3,076  2,207  3,840           Actuarial gains or losses   4  -2 1   2  -35 Tax related to actuarial gains or losses 0  -1 0 0  -8 Items that will not be reclassified to result   4  -3   1   2  -43           Currency translation differences   4,718  -581  2,775  -630  -366 Items that may be subsequently reclassified to result  4,718  -581  2,775  -630  -366            Other comprehensive income  4,722  -584  2,776  -628  -409             Total comprehensive income  3,056   441  -300  1,579  3,431             Attributed to:           Parent company shareholders  3,056   441  -300  1,579  3,431  1 Of the total amount, depreciation of right-of-use assets related to leased assets amounted to -914 TEUR (-798) in the quarter and -2,720 TEUR (-2,319) in the nine-month period.

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

Q3 2025 | Interim Report January-September 2025   
 
9 ● cavotec.com 
Consolidated balance sheet EUR thousands 30 Sep 2025 30 Sep 2024 31 Dec 2024 Assets     Fixed assets       Intangible fixed assets 34,946 36,228 35,604 Right-of-use assets 13,098 10,839 12,526 Tangible fixed assets 4,951 5,293 5,362 Financial assets  288  288  288 Deferred tax assets 3,156 4,901 4,016 Other long-term receivables 1,367 1,251 1,312 Total fixed assets 57,806 58,800 59,108      Current assets       Inventories 37,258 37,908 34,651 Accounts receivable 18,068 27,653 26,163 Contract assets 1,281  0  830 Other receivables  646  703  105 Current tax assets 2,585  484 2,451 Prepaid expenses and accrued income 9,789 9,432 9,795 Cash and cash equivalents 15,204 12,040 11,597 Total current assets 84,831 88,220 85,592      Total assets 142,637 147,020 144,700      Equity and liabilities     Equity       Share capital  96  96  96 Reserves 102,840 105,402 105,267 Retained earnings -52,127 -50,684 -49,051 Equity attributable to owners of the parent company 50,809 54,814 56,312 Total equity 50,809 54,814 56,312      Long-term liabilities       Provisions for pensions and similar obligations  901 1,630  911 Other provisions 2,068  562 1,321 Loans from credit institutions 11,779 15,485 13,601 Lease liabilities 10,339 8,751 10,160 Deferred tax liabilities  691 1,234 1,442 Other long-term liabilities  14  57  15 Total long-term liabilities 25,792 27,719 27,450      Current liabilities       Other provisions 2,095 2,976 3,231 Lease liabilities 3,429 2,625 2,566 Advances from customers 20,961 19,302 17,935 Accounts payable 22,622 23,153 21,900 Bank overdrafts 2,780  0  128 Tax liabilities 2,195 3,407 2,320 Other liabilities  710 1,806 1,279 Accrued expenses and deferred income 11,244 11,218 11,579 Total current liabilities 66,036 64,487 60,938      Total liabilities 91,828 92,206 88,388      Total equity and liabilities 142,637 147,020 144,700

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

Q3 2025 | Interim Report January-September 2025   
 
10 ● cavotec.com 
Consolidated statement of changes in equity EUR thousands Share capital1 Reserves2 Retained earnings Total equity Balance 1 January 2024 96 105,807 -52,891 53,012      Result for the period 0 0 2,207 2,207 Currency translation differences 0 -630 0 -630 Actuarial gains or losses 0  2 0  2 Total comprehensive income and expenses 0 -628 2,207 1,579      Employees share scheme 0  223 0  223 Transactions with shareholders  0  223  0  223      Balance 30 September 2024  96 105,402 -50,684 54,814           Balance 1 January 2024  96 105,807 -52,891 53,012      Result for the period 0 0 3,840 3,840 Currency translation differences 0 -366 0 -366 Actuarial gains or losses 0 -43 0 -43 Total comprehensive income and expenses 0 - 409 3,840 3,431      Employees share scheme 0 -131 0 -131 Transactions with shareholders 0 -131 0 -131      Balance 31 December 2024  96 105,267 -49,051 56,312           Balance 1 January 2025  96 105,267 -49,051 56,312      Result for the period 0 0 -3,076 -3,076 Currency translation differences 0 -2,775 0 -2,775 Actuarial gains or losses 0 -1 0 -1 Total comprehensive income and expenses 0 -2,776 -3,076 -5,852      Employees share scheme 0  349 0  349 Transactions with shareholders 0  349 0  349      Balance 30 September 2025  96 102,840 -52,127 50,809  1 Following the re-domiciliation of the parent company from Switzerland to Sweden, the opening balance of share capital and reserves in the Consolidated statement of changes in equity has been adjusted amongst each other to reflect the equity structure of Cavotec Group AB as the parent company after the October merger and related transactions.  2 Reserves include 124,638 TEUR (124,638) in the share premium reserve, currency translation differences of -22,027 TEUR  (-19 514), and other reserves of 226 TEUR (278). The share premium reserve includes transaction costs of -669 TEUR related to the re-domiciliation of the parent company from Switzerland to Sweden.

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

Q3 2025 | Interim Report January-September 2025   
 
11 ● cavotec.com 
Consolidated statement of cash flows EUR thousands Third quarter January-September Full year   20251 2024 20251 2024 2024 Result for the period -1,666 1,025 -3,076 2,207 3,840         Adjustments for:        Net interest expenses 411  499 1,445 2,019 2,570 Current taxes 320 1,189 384 3,545 4,204 Depreciation, amortisation and impairment 1,497 1,431 4,512 4,149 5,784 Deferred tax 416  126 228 -610  163 Provisions -20 1,238 -786 1,367 -460 Capital gain/losses on fixed assets -1 -7 -3  20  14 Other items not involving cash flow -1,087 -218 -517 -316 -272 Interest received/paid -411 -715 -1,432 -2,198 -2,729 Taxes paid -510 -1,807 -1,166 -1,015 -4,729 Total adjustments 615 1,736 2,665 6,961 4,545         Cash flow before change in working capital -1,051 2,761 -411 9,168 8,385         Impact of changes in working capital        Inventories  -2,968 -901 -3,267 -2,472 1,849 Accounts receivable and contract assets 2,311 3,573 6,744 3,343 4,651 Other receivables -574  631 -971 -5,158 -4,934 Accounts payable 1,489 -1,499 1,465 -2,851 -4,104 Advances from customers 3,667 -7,016 3,628  34 -1,333 Other liabilities -58 1,360 -650 1,854 1,712 Impact of changes involving working capital 3,867 -3,852 6,949 -5,250 -2,159         Net cash inflow/outflow from operating activities 2,816 -1,091 6,537 3,918 6,226         Investing activities        Investments in tangible fixed assets -88 -314 -441 -666 -904 Investments in intangible assets -234  19 -576 -39 -63 Increase/decrease of non-current financial assets 0 0 0 -220 -220 Disposal of assets 20 -27 5 1,719 1,873 Net cash inflow/outflow from investing activities -302 -322 -1,012  794  686         Financial activities        Proceeds of loans and borrowings2 1,503 0 2,652 0  128 Repayment of loans and borrowings 0 -1,959 -2,000 -5,983 -7,898 Repayment of lease liabilities -514 -354 -2,116 -1,854 -3,136 Net cash inflow/outflow from financial activities 989 -2,313 -1,464 -7,837 -10,906         Cash at the beginning of the period 11,688 15,803 11,597 15,056 15,056 Cash flow for the period 3,503 -3,726 4,061 -3,125 -3,994 Effects of exchange rate changes on cash and cash equivalents 13 -37 -454  109 535 Cash at the end of the period 15,204 12,040 15,204 12,040 11,597  1 Following the group’s re-domiciliation from Switzerland to Sweden, the presentation of the cash flow statement has been revised.  2 The classification of financial activities has been revised to include overdraft facilities.

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

Q3 2025 | Interim Report January-September 2025   
 
12 ● cavotec.com 
Notes to the consolidated interim financial statements  General information  Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications worldwide. Cavotec Group AB (publ), Corp. Reg. No. 559525-5877, registered office is in Stockholm, Sweden. The address of the head office is Vasagatan 11, SE-111 20 Stockholm, Sweden. Cavotec Group AB (publ) is listed on Nasdaq Stockholm in the mid cap segment.   On 21 May 2025, Cavotec Group AB, a wholly owned Swedish subsidiary of Cavotec SA, announced an offer to acquire all shares in Cavotec SA in exchange for one ordinary share in Cavotec Group AB per Cavotec SA share, for the purpose of implementing a change of domicile from Switzerland to Sweden. All conditions for the offer were fulfilled and the ordinary shares of Cavotec Group AB was listed on Nasdaq Stockholm on 9 July 2025. Cavotec SA’s shares were delisted on 30 July 2025. Following completion of the offer, Cavotec Group AB continues to carry out the business and operations conducted in Cavotec SA.  On 7 October 2025, Cavotec Group AB announced the implementation of a merger to complete the change of domicile to Sweden. Through the merger, the remaining shareholders of Cavotec SA received one ordinary share in Cavotec Group AB for each share in Cavotec SA. After the merger, the number of ordinary shares in Cavotec Group AB increased by 3,402,426, from 103,293,604 shares to 106,696,030 shares and the share capital increased by SEK 34,024.26 to SEK 1,066,960.30. The new number of shares in Cavotec Group AB corresponds to the total number of shares in Cavotec SA before the merger. As the share transactions and change of domicile were of an irreversible nature or took place before the balance sheet date of this interim report, the financial reporting of the Cavotec Group AB Group is a continuation of the financial reporting of the Cavotec SA Group, and no non-controlling interest is recognised. A financial liability is recognised for the outstanding shares acquired on 7 October 2025.  The financial information is derived from Cavotec SA’s audited consolidated financial statements as of and for the financial year ended 31 December 2024 and from Cavotec SA’s unaudited consolidated financial statements for the period 1 January–30 June 2025, with comparable figures for the period 1 January–30 June 2024. As Cavotec Group AB is a newly formed company established in 2025, whose first financial year ends on 31 December 2025, its first financial statement is produced for the period 1 July–30 September 2025. Financial information have however been restated to be presented and disclosed by Swedish rules applicable to Cavotec Group AB from the opening balance sheet date such as the classification required by the Swedish Companies Act and the Swedish Financial Reporting Board’s standard RFR 1 Supplementary Accounting Rules for Groups.  Furthermore, following the re-domiciliation of the parent company from Switzerland to Sweden, the opening balance of share capital and reserves in the Consolidated statement of changes in equity has been adjusted amongst each other to reflect the equity structure of Cavotec Group AB as the parent company. In the parent company, the transactions are reflected when they occur during the fourth quarter 2025.  Basis of preparation of Financial Statements This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting and the Swedish Annual Accounts Act. Cavotec’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed by the European Union, the Swedish Annual Accounts Act and the Swedish Financial Reporting Board’s standard RFR 1 Supplementary Accounting Rules for Groups. The most important accounting principles under IFRS, which are the basis for the preparation of this interim report, can be found on ir.cavotec.com.  The Parent Company’s financial statements are prepared in accordance with the Swedish Annual Accounts Act and the Swedish Financial Reporting Board’s standard RFR 2 Accounting for Legal Entities. The most important accounting principles used by the Parent Company can be found on ir.cavotec.com.  The total figures in the tables and calculations do not always add up due to rounding differences.

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

Q3 2025 | Interim Report January-September 2025   
 
13 ● cavotec.com 
Segment information Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker. The Chief Operating Decision Maker is responsible for allocating resources and assessing the performance of the operating segments. This function has been identified as the CEO. An operating segment is a part of the Group that conducts operations that earn revenue and incur costs, and for which discrete financial information is available. The Group is categorised into segments based on the internal structure of its business operations, which means that there are two operating segments: the Ports & Maritime and Industry divisions. Ports & Maritime develops, assemblies, manufactures, installs and services automation and electrification technologies for ports and the maritime sector. Industry develops, assemblies, manufactures, installs and services electrification and radio control products for industrial applications, such as cranes, energy, processing and transportation, mining, and tunnelling.  The same accounting policies are used in the segments as for the Group, except for leases in accordance with IFRS 16. Leasing according to IFRS 16 was not allocated on the division level. Consequently, the divisions’ leases are reported as if they were operating leases. Cavotec presents revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) as well as the operating result (EBIT) per segment. The performance of the operating segments is assessed using both the gross operating result (EBITDA) and the operating result (EBIT).  Related party transactions Cavotec Group AB is the legal parent of the Group. The Group has conducted business transactions with a major customer, where a member of Cavotec’s Board also holds senior executive responsibilities. Sales to this customer during the nine-month period amounted to EUR 1.7 million (3.0). Transactions have been conducted on market terms, with prices and conditions corresponding to those applied in comparable transactions with independent third parties. Standard credit terms apply, no collateral has been given or received, and no impairments have been recognised. All related party transactions are made on pricing based on arm’s length principal.  Introduction and effect of new and revised IFRS 2025  None of the published standards and interpretations that are mandatory for the Group’s financial year 2025 are assessed to have any significant impact on the Group’s financial statements.  Introduction and effect of new and revised IFRS 2026 or later  None of the published standards and interpretations that are mandatory for the Group’s financial year 2026 are assessed to have any significant impact on the Group’s financial statements. The effect on the Group’s financial statements from standards and interpretations that are mandatory for the Group’s financial year 2027 or later remains to be assessed. An assessment of the potential impact of IFRS 18 “Presentation and Disclosure in Financial Statements” is currently in progress. Given the scope of the new standard, its adoption will result in changes to the presentation and disclosure of the financial statements. Additional details will be disclosed upon completion of the evaluation. For further information please refer to the accounting principles on ir.cavotec.com.

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

Q3 2025 | Interim Report January-September 2025   
 
14 ● cavotec.com 
Segment information Gross operating result (EBITDA) is reported excluding allocation of costs related to headquarters. July-September 2025      EUR thousands Ports & Maritime Industry Other reconciling items Total Net sales 19,339 16,460 0 35,799 Other operating income -140  309  0  169 Raw materials and consumables, other  external expenses and personnel expenses -18,113 -14,087 -2,768 -34,968 Gross operating result (EBITDA) 1,086 2,682 -2,768 1,000 Depreciation and amortisation -833 -663 0 -1,496 Impairments 0 0 0 0 Operating result (EBIT)  253 2,019 -2,768 -496   July-September 2024     EUR thousands Ports & Maritime Industry Other reconciling items Total Net sales 27,858 16,234 0 44,092 Other operating income  211  220 0  431 Raw materials and consumables, other external expenses and personnel expenses -23,582 -15,156 -1,347 -40,085 Gross operating result (EBITDA) 4,487 1,298 -1,347 4,438 Depreciation and amortisation  -862 -569 0 -1,431 Impairments 0 0 0 0 Operating result (EBIT) 3,625  729 -1,347 3,007  January-September 2025     EUR thousands Ports & Maritime Industry Other reconciling items Total Net sales 62,716 47,470 0 110,186 Other operating income  84  737 0  821 Raw materials and consumables, other external expenses and personnel expenses -56,398 -42,754 -7,800 -106,952 Gross operating result (EBITDA) 6,402 5,453 -7,800 4,055 Depreciation and amortisation  -2,531 -1,981 0 -4,512 Impairments 0 0 0 0 Operating result (EBIT) 3,871 3,472 -7,800 -457   January-September 2024     EUR thousands Ports & Maritime Industry Other reconciling items Total Net sales 80,064 49,481 0 129,545 Other operating income  623  600 0 1,223 Raw materials and consumables, other external expenses and personnel expenses -68,185 -45,734 -5,381 -119,300 Gross operating result (EBITDA) 12,502 4,347 -5,381 11,468 Depreciation and amortisation  -2,520 -1,630 0 -4,150 Impairments 0 0 0 0 Operating result (EBIT) 9,982 2,717 -5,381 7,318

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

Q3 2025 | Interim Report January-September 2025   
 
15 ● cavotec.com 
 January-December 2024     EUR thousands Ports & Maritime Industry Other reconciling items Total Net sales 109,925 65,027 0 174,952 Other operating income  687  649 0 1,336 Raw materials and consumables, other external expenses and personnel expenses -92,852 -60,297 -6,462 -159,611 Gross operating result (EBITDA) 17,760 5,379 -6,462 16,677 Depreciation and amortisation  -3,507 -2,085 0 -5,592 Impairments -119 -73 0 -192 Operating result (EBIT) 14,134 3,221 -6,462 10,893

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

Q3 2025 | Interim Report January-September 2025   
 
16 ● cavotec.com 
Disaggregation of revenue from contracts with customers The Group derives revenue from the transfer of goods and services over time and at a point in time in the following divisions and geographical regions.  Third quarter 2025 EUR thousands         Ports & Maritime        Industry  Total Revenue from external customers    Timing of revenue recognition    At a point in time 16,023 16,460 32,483 Over time 3,316 0 3,316 Total 19,339 16,460 35,799  Third quarter 2024 EUR thousands         Ports & Maritime        Industry  Total Revenue from external customers    Timing of revenue recognition    At a point in time 23,995 16,234 40,229 Over time 3,863 0 3,863 Total 27,858 16,234 44,092  January-September 2025 EUR thousands         Ports & Maritime        Industry  Total Revenue from external customers    Timing of revenue recognition    At a point in time 56,775 47,470 104,245 Over time 5,941  0 5,941 Total 62,716 47,470 110,186  January-September 2024 EUR thousands         Ports & Maritime        Industry  Total Revenue from external customers    Timing of revenue recognition    At a point in time 74,904 49,481 124,385 Over time 5,160 0 5,160 Total 80,064 49,481 129,545  2024 EUR thousands         Ports & Maritime        Industry  Total Revenue from external customers    Timing of revenue recognition    At a point in time 105,349 65,027 170,376 Over time 4,576 0 4,576 Total 109,925 65,027 174,952

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

Q3 2025 | Interim Report January-September 2025   
 
17 ● cavotec.com 
 Third quarter 2025 EUR thousands  Americas  Europe, Middle  East, Africa  Asia Pacific  Total Ports & Maritime 1,339 11,003 6,997 19,339 Industry 1,476 10,060 4,924 16,460 Total 2,815 21,063 11,921 35,799  Third quarter 2024 EUR thousands  Americas  Europe, Middle  East, Africa  Asia Pacific  Total Ports & Maritime 2,048 15,432 10,378 27,858 Industry 1,508 10,653 4,073 16,234 Total 3,556 26,085 14,451 44,092  January-September 2025 EUR thousands  Americas  Europe, Middle  East, Africa  Asia Pacific  Total Ports & Maritime 6,862 29,052 26,802 62,716 Industry 4,556 29,554 13,360 47,470 Total 11,418 58,606 40,162 110,186  January-September 2024 EUR thousands  Americas  Europe, Middle  East, Africa  Asia Pacific  Total Ports & Maritime 12,435 27,975 39,654 80,064 Industry 4,551 33,855 11,075 49,481 Total 16,986 61,830 50,729 129,545  2024 EUR thousands  Americas  Europe, Middle  East, Africa  Asia Pacific  Total Ports & Maritime 17,406 37,300 55,219 109,925 Industry 5,915 44,234 14,878 65,027 Total 23,321 81,534 70,097 174,952

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

Q3 2025 | Interim Report January-September 2025   
 
18 ● cavotec.com 
Financial instruments  EUR thousands 30 Sep 2025 30 Sep 2024 31 Dec 2024 Financial assets at amortised cost       Accounts receivable and contract assets 19,349 27,653 26,993 Cash and cash equivalents 15,204 12,040 11,597 Total 34,553 39,694 38,590 Financial liabilities at amortised cost    Interest-bearing borrowings 14,780 16,000 14,128 Accounts payable 22,622 23,153 21,900 Other liabilities1 13,768 11,376 12,726 Total 51,170 50,529 48,754  1 The amount includes a financial liability related to the completion of the re-domiciliation from Switzerland to Sweden, which is measured at fair value.  The carrying amount is the same as the fair value.   Parent company As described in the section Notes to the consolidated interim financial statements, the Parent Company of the Group changed from Cavotec SA to Cavotec Group AB (publ) on 30 June 2025, through a share exchange offer. Since the Parent Company Cavotec Group AB is a newly formed company established in March 2025, whose first financial year ends on 31 December 2025, there are no comparison periods. The Parent Company’s financial statements are prepared in accordance with the Swedish Annual Accounts Act and the Swedish Financial Reporting Board’s standard RFR 2 Accounting for Legal Entities. The most important accounting principles used by the Parent Company can be found on ir.cavotec.com   Statement of comprehensive income SEK thousands 1 July–30 Sep 2025 18 March–30 Sep 2025 Net sales  4,294  4,294 Personnel expenses -4,123 -4,123 Other external expenses -10,178 -10,336 Operating result -10,007 -10,165 Other interest income and similar income items 0 0 Interest expenses and similar expense items -4 -3 Result after financial items -10,011 -10,168 Income tax - 0 Result for the period -10,011 -10,168    Other comprehensive income 0 0 Total comprehensive income for the period -10,011 -10,168

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

Q3 2025 | Interim Report January-September 2025   
 
19 ● cavotec.com 
Balance sheet  SEK thousands 30 Sep 2025 30 Jun 2025 Assets    Fixed assets     Participations in group companies 1,719,557 0 Total fixed assets 1,719,557 0     Current assets     Intercompany receivables  4,279 0 Other receivables   737 9 Prepaid expenses and accrued income  1,208 0 Cash and cash equivalents   851   500 Total current assets 7,074 509    Total assets 1,726,631 509     Equity and liabilities     Equity      Restricted equity     Share capital 1,033 500       Non-restricted equity     Share premium reserve 1,711,124   0 Result for the period -10,168 -158 Reserves   470 0 Retained earnings 0   0 Total equity 1,702,459 342     Long-term liabilities     Intercompany liabilities  1,658 0 Total Long-term liabilities  1,658 0    Current liabilities   Accounts payable  1,091   0 Intercompany liabilities  9,363   167 Other liabilities   586 0 Accrued expenses and deferred income  11,474   0 Total current liabilities 22,514    167     Total liabilities 24,172    167     Total equity and liabilities 1,726,631 509

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

Q3 2025 | Interim Report January-September 2025   
 
20 ● cavotec.com 
Submission of the interim report  Stockholm 7 November 2025  David Pagels CEO                              Auditor’s report  Cavotec Group AB (publ), reg. no. 559525-5877  Introduction We have reviewed the condensed interim financial information (interim report) of Cavotec Group AB as of  30 September 2025 and the nine-month period then ended for the group and the period 18 March–30 September 2025 for the parent company. The board of directors and the CEO are responsible for the preparation and presentation of the interim financial information in accordance with IAS 34 and the Swedish 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 the International Standard on Review Engagements ISRE 2410, Review of Interim Report 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 is substantially less in scope than an audit conducted in accordance with International Standards on Auditing, ISA, and other generally accepted auditing standards in Sweden. The procedures performed in a review do 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 attention that causes us to believe that the interim report is not 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.  Stockholm 7 November 2025  Öhrlings PricewaterhouseCoopers AB  Patrik Adolfson Authorised Public Accountant  The above Auditor’s report is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.

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

Q3 2025 | Interim Report January-September 2025   
 
21 ● cavotec.com 
Definitions of alternative key performance indicators This report includes financial measures as required by the financial reporting framework applicable to Cavotec, which is based on IFRS. In addition, there are other measures (alternative performance measures) used by management and other stakeholders to analyse trends and performance of the Group’s operations that cannot be directly read or derived from the financial statements. Cavotec’s stakeholders should not consider these as substitutes, but rather as additions, to the financial reporting measures prepared in accordance with IFRS. Refer below for a list of definitions of all measures and indicators used, referred to and presented in this report. Figure Definitions Explanation Order intake Value of orders received during the period. Provides a useful measurement of Cavotec’s ability to increase revenue. Order backlog Value of binding orders signed with customers but not yet delivered that represents future revenue. Provides a useful measurement of the total value of order not yet delivered to the customers. EBITDA Operating result before depreciation and amortisation and impairment losses. Stated at Gross operating result in the Consolidated income statement. 
EBITDA provide a measurement of Cavotec’s profitability before depreciation, amortisation and impairment losses. 
EBITDA exclusive non-recurring items impacting EBITDA (adjusted EBITDA) EBITDA excluding non-recurring items that impact EBITDA. EBITDA excluding non-recurring items provides a measurement of Cavotec’s profitability in its ongoing operations. EBITDA margin, % EBITDA as a percentage of revenue from sales of goods and services. The EBITDA margin is a useful measurement to assess the underlying profitability. EBITDA margin, adjusted EBITDA, excluding non-recurring items, as a percentage of revenue from sales of goods and services. The EBITDA margin, adjusted is a useful measurement to assess the underlying profitability. Operating result (EBIT) Operating result as stated in the Consolidated income statement. EBIT provides measurement of Cavotec’s profitability. Operating result (EBIT), adjusted Operating result, excluding non-recurring items. EBIT provides measurement of Cavotec’s profitability Operating margin (EBIT margin) Operating result as a percentage of revenue from sales of goods and services. The EBIT margin is a useful measure to asses Cavotec’s profitability, taking into account depreciation, amortisation.  Operating margin (EBIT margin) exclusive non-recurring items impacting EBIT (adjusted EBIT) EBIT-margin excluding non-recurring items that impact EBIT. EBIT-margin excluding non-recurring items provides measurement of Cavotec’s profitability.

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

Q3 2025 | Interim Report January-September 2025   
 
22 ● cavotec.com 
Operating cash flow Underlying cash flow from ongoing operations, defined as cash flow before change in working capital including changes in net working capital and excluding investment and financing activities. 
Operating cash flow provides a useful measurement of the cash generation of the ongoing operation. 
Net debt The sum of cash and cash equivalents, current financial assets, bank overdraft, short-term and long-term debt. 
Net debt shows the total debt situation. 
Leverage ratio Net debt divided by EBITDA  Leverage ratio provides a measurement of the net debt in relation to the underlying profitability, defined as EBITDA Non-recurring items impacting EBIT and EBITDA Adjustments for the cost of the redomiciliation in 2025. Separating non-recurring items provides investors with a useful tool to measure Cavotec’s ongoing operations.  Reconciliation tables EBITDA      EUR thousands Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024 2024 Operating result (EBIT) -496 3,007 -457 7,318 10,893 (+) Depreciation, amortisation and impairment losses 1,496 1,431 4,512 4,150 5,784 EBITDA 1,000 4,438 4,055 11,468 16,677 EBITDA margin 2.8% 10.1% 3.7% 8.9% 9.5%  Non-recurring items impacting EBITDA       EUR thousands Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024  2024 Costs for redomiciliation  274  0  856 0  247 Non-recurring items impacting EBITDA  274  0  856  0  247  EBITDA excluding non-recurring items (adjusted EBITDA)      EUR thousands 000s Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024 2024 EBITDA 1,000 4,438 4,055 11,468 16,677 (-) Non-recurring items impacting EBITDA  274 0  856 0 247 EBITDA excluding non-recurring items 1,274 4,438 4,911 11,468 16,924 EBITDA margin, adjusted 3.6% 10.1% 4.5% 8.9% 9.7%

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

Q3 2025 | Interim Report January-September 2025   
 
23 ● cavotec.com 
Operating result (EBIT) EUR thousands Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024 2024 Operating result (EBIT) -496 3,007 -457 7,318 10,893 Operating margin (EBIT-margin) -1.4% 6.8% -0.4% 5.6% 6.2%       Non-recurring items impacting operating result (EBIT)      EUR thousands 000s Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024  2024 Costs for redomiciliation  274 0  856 0 247 Non-recurring items impacting Operating result (EBIT)  274 0  856 0 247  Operating result (EBIT) excluding non-recurring items (adjusted EBIT)    EUR thousands Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024 2024 Operating result (EBIT) -496 3,007 -457 7,318 10,893 (-) Non-recurring items impacting EBIT  274 0  856 0 247 EBIT excluding non-recurring items -222 3,007  399 7,318 11,140 Operating margin (EBIT-margin) -0.6% 6.8% 0.4% 5.6% 6.4%       Operating cash flow      EUR thousands Q3 2025 Q3 2024 Jan-Sep 2025 Jan-Sep 2024 2024 Cash flow before change in working capital -1,051 2,761 -411 9,168 8,385 Impact of changes in working capital 3,867 -3,852 6,949 -5,250 -2,159 Operating cash flow 2,816 -1,091 6,537 3,918 6,226  Net debt      EUR thousands 30 Sep 2025 30 Sep 2024 31 Dec 2024 Cash and cash equivalents 15,204 12,040 11,597 Current financial liabilities -13,768 -11,376  -12,726 Bank overdraft -2,780  0 -128  Short-term debt 0  0 0 Long-term debt -12,000 -16,000  -14,000 Net debt -13,344 -15,336  -15,257   Leverage ratio    EUR thousands 30 Sep 2025 30 Sep 2024 31 Dec 2024 EBITDA (last twelve months) 9,264 18,081 16,677 Credit facility -12,000 -16,000 -14,000 Obligations under finance lease agreements -13,768 -11,376 -12,726 Other interest-bearing debt -2,780  0 - 128 Cash and cash equivalents 15,204 12,040 11,597 Net debt -13,344 -15,336 -15,257 (-) Leverage ratio 1.44x 0.85x 0.91x

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

Q3 2025 | Interim Report January-September 2025   
 
24 ● cavotec.com 
Webcasted presentation and telco CEO David Pagels and CFO Joakim Wahlquist will present the interim report on Friday 7 November at 10:00 am CET. If you wish to participate via webcast, please use the link https://cavotec.events.inderes.com/q3-report-2025. Via the webcast you may submit written questions. If you wish to participate via teleconference, please register on the link https://events.inderes.com/cavotec/q3-report-2025/dial-in. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. The presentation is in English.  Annual General Meeting 2026 The Annual General Meeting 2026 will take place on Tuesday 2 June, 04:00 pm CEST, at Kanter Advokatbyrå, Engelbrektsgatan 3, Stockholm. Shareholders wishing to raise an issue for discussion at the AGM may do so by submitting their proposal to the Chairman of Cavotec by email: investor@cavotec.com. To ensure their inclusion in the notice and thus on the agenda for the AGM, proposals must be received by Cavotec no later than 13 April 2026.  Nomination Committee Prior to the Annual General Meeting 2026, the Nomination Committee consists of Henrik Blomquist, Bure Equity, Per Colleen, Tomenterprise Private, Thomas Ehlin, The Fourth Swedish National Pension Fund and Katarina Hammar, Nordea Funds, and Patrik Tigerschiöld, Chair of Cavotec’s Board of Directors. Henrik Blomquist is Chair of the Nomination Committee. Shareholders wishing to submit proposals to the Nomination Committee for the 2026 AGM may do so by sending an e-mail to nomination@cavotec.com no later than 31 January 2026.  Financial calendar  Fourth quarter report             20 February 2026 Annual and Sustainability Report 2025          Week that begins 20 April 2026 First quarter report                24 April 2026 Annual General Meeting      2 June 2026 Second quarter report            24 July 2026 Third quarter report              6 November 2026 Fourth quarter report           19 February 2027 Annual and Sustainability Report 2026   Week that begins 19 April 2027    Interim reports on cavotec.com The full report and previous interim and annual reports are available https://ir.cavotec.com/investors/reports.  Contact person for analysts and media Joakim Wahlquist, CFO  Phone +46 8 556 522 00 Email investor@cavotec.com   This is information that Cavotec Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 am CET on 7 November 2025.  This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.   About Cavotec Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions to enable the decarbonisation of ports and industrial applications. Backed by close to 50 years of experience, our systems ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide. To find out more about Cavotec, please visit cavotec.com.