===== SIDA 1 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 1 INTERIM REPORT Q1 2025/26 FIRST QUARTER (1 APRIL – 30 JUNE 2025) • Net revenue increased by 10% to MSEK 2,473 (2,253), where the organic growth was 3%. • Operating profit (EBITA) increased by 12% to MSEK 432 (386), where the EBITA margin was 17.5% (17.1). • Profit after financial items (EBT) increased by 14% to MSEK 343 (302). • Cash flow from operating activities increased by 23% to MSEK 288 (235). • Profit after taxes increased by 18% to MSEK 263 (222). • Return on equity amounted to 28% (26) and the equity ratio was 34% (36). • Earnings per share for the latest 12-month period increased to SEK 5.14 (4.93 for the financial year 2024/25). • Since 1 July 2024, eleven acquisitions have been carried out with total annual revenue of approximately MSEK 1,382, equivalent to 15% of net revenue in the previous financial year 2024/25. • The Board of Directors proposes an increased dividend of SEK 2.20 (1.90) per share. The Annual General Meeting is planned to be held on 26 August 2025 at 4.00 p.m. at IVA’s Conference Centre in Stockholm. GROUP OVERVIEW 3 months Moving 12 months Amounts in MSEK 30 Jun 2025 30 Jun 2024 Δ 30 Jun 2025 31 Mar 2025 Net revenue 2,473 2,253 10% 9,609 9,389 EBITA 432 386 12% 1,692 1,646 EBITA margin, % 17.5 17.1 17.6 17.5 Profit after financial items 343 302 14% 1,339 1,298 Profit after taxes 263 222 18% 1,060 1,019 Earnings per share after dilution, SEK 1.27 1.08 18% 5.14 4.93 Return on equity, % - - 28 28 Equity ratio, % 34 36 34 34 14% EBT growth Q1 17.5% EBITA margin Q1 11 acquisitions since July 2024 ===== SIDA 2 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 2 CEO COMMENT “A good start to the year with continued positive contributions from acquisitions” The first quarter (April – June 2025) was a good start to the 2025/26 financial year. The market in general was stable with positive organic growth and continued good profit contributions from acquisitions. All in all, profit after net financial items (EBT) increased by 14% to MSEK 343 (302) and the operating margin (EBITA) strengthened to 17.5% (17.1). In addition, the cash flow was good and we continue to see an attractive acquisition market. So far in the financial year, we have completed four exciting acquisitions, which add total annual revenue of approximately MSEK 560 with good profitability. The trends from previous periods continued. Net revenue increased by 10% to MSEK 2,473 (2,253), of which 3% was organic growth, 10% acquired growth and -3% was currency. EBITA increased by 12% and the EBITA margin strengthened to 17.5%. All divisions apart from TecSec contributed with good improvements in earnings and margins, which was mainly driven by continued high value creation in existing units and additional profits from recently acquired companies. This outcome means that we are steadily moving towards our goal of doubling our profit to MSEK 2 billion within five years, which we communicated in autumn 2023. Once again, the result shows the strength of our business concept. As a serial acquirer without an exit horizon, we are growing by acquiring and developing profitable and well-run technology companies. This business model means that periods of weaker market conditions with lower organic growth can be offset by good acquisition-led growth. Our many subsidiary management teams make fantastic efforts in good and bad times, adjusting operational costs and investments to the prevailing market situation, applying our corporate governance philosophy of decentralisation, businessmanship, simplicity, accountability and freedom. Acquisition activity has remained high. Since 1 July 2024, we have welcomed eleven new niche, highly profitable businesses to the Group, adding total annual business volume of MSEK 1,382. In June, Orax was acquired, a leading product and full-service supplier, particularly for the management of cemeteries throughout Sweden. We subsequently acquired the slightly larger units Epoke in Denmark, which provides winter road maintenance equipment, as well as Friggeråkers Verkstäder in Sweden, which manufactures sand and salt spreaders under the Falköping brand. Lagercrantz continues to have a strong financial position with the ambition of further acquisitions. The acquisition environment remains interesting, and we have several attractive transactions under evaluation. Ahead of the coming quarters, we remain cautiously optimistic, despite the geopolitical uncertainty. The market situation is stable for most of the Group’s businesses. Lagercrantz has a strong financial position, which creates resilience and opportunities for further acquisitions. We will thus continue on our chosen path of building a strong technology group with leading positions in expansive niches. The Group’s broad exposure with niche B2B technology companies in attractive and sustainable sectors, such as electrification, infrastructure and safety & security solutions, provides both stability and good growth opportunities. 18 July 2025 Jörgen Wigh President and CEO ===== SIDA 3 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 3 THE GROUP’S PERFORMANCE NET REVENUE AND PROFIT First quarter (April – June 2025) During the first quarter, the market situation was generally stable, but with some improvement compared to the same period last year. Demand continued to vary among the Group’s companies and segments. It was strongest in the Electrify and Niche Products divisions, while demand from customers in the construction sector remained sluggish. Total order intake for comparable units was in line with, or slightly above, invoiced sales during the quarter. The increased geopolitical uncertainty and the introduction of new trade barriers has not had any significant impact on demand so far. Lagercrantz has a limited direct exposure to the USA, where direct sales to North America in the full year 2024/25 amounted to just under 4% of total Group revenue. Net revenue in the first quarter increased by 10% to MSEK 2,473 (2,253), where acquisitions contributed 10% and the organic growth was 3%. Exchange rate fluctuations impacted net revenue negatively by 3%. Operating profit (EBITA) increased by 12% to MSEK 432 (386) and the EBITA margin strengthened to 17.5% (17.1), where all divisions apart from TecSec contributed improvements in earnings and margins. The share of proprietary products continued to increase and amounted to 79% (76%). Profit after financial items increased by 14% to MSEK 343 (302), where the increase was mainly explained by acquisitions. Net financial items amounted to MSEK -35 (-34), of which net interest items amounted to MSEK -37 (-37) and currency translation effects amounted to MSEK 6 (2). Profit after taxes increased by 18% to MSEK 263 (222), where the effective tax rate amounted to 23% (26). The effective tax rate for the previous financial year was 21% (21). Earnings per share after dilution for the latest 12- month period increased to SEK 5.14 to compare with 4.93 for the 2024/25 financial year. 0 100 200 300 400 500 600 700 800 900 1 000 1 100 1 200 1 300 1 400 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 10 000 11 000 12 000 13 000 14 000 Profit after net financial items, MSEK Net revenue, MSEK Net revenue and profit after net financial items, moving 12 months Net revenue Profit after net financial items ===== SIDA 4 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 4 PERFORMANCE BY DIVISION Net revenue Operating profit (EBITA) and operating margin MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Financial year 2024/25 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Financial year 2024/25 Electrify 672 561 2,285 123 90 387 Operating margin 18.3% 16.0% 16.9% Control 319 264 1,196 51 35 175 Operating margin 16.0% 13.3% 14.6% TecSec 525 538 2,171 84 98 359 Operating margin 16.0% 18.2% 16.5% Niche Products 569 495 2,169 114 100 479 Operating margin 20.0% 20.2% 22.1% International 388 395 1,568 70 69 273 Operating margin 18.0% 17.5% 17.4% Parent Company /consolidation items - - - -10 -6 -27 GROUP TOTAL 2,473 2,253 9,389 432 386 1,646 Operating margin 17.5% 17.1% 17.5% Amortisation, intangible assets -54 -50 -207 Financial items -35 -34 -141 PROFIT BEFORE TAXES 343 302 1,298 NET REVENUE AND PROFIT BY DIVISION FIRST QUARTER Electrify The Electrify division’s net revenue increased by 20% to MSEK 672 (561), of which 9% was added through acquisitions, 13% organically and -2% currency. Operating profit (EBITA) increased by 37% to MSEK 123 (90), equivalent to an operating margin of 18.3% (16.0). The market situation remained favourable within both electrification and infrastructure, which contributed to a strong first quarter with high growth and improved margins, both through organic development and acquisitions. Improvements in earnings were noted in most of the businesses, with a particularly good performance in Nordic Road Safety, Elkapsling, Swedwire, Elpress, Elfac and EFC. Control The Control division’s net revenue increased by 21% to MSEK 319 (264), where 27% was added through acquisitions, -2% organically and -4% currency. Operating profit (EBITA) increased by 46% to MSEK 51 (35), equivalent to an operating margin of 16.0% (13.3). A stable market situation combined with successful acquisitions contributed to a good improvement in earnings and margins during the quarter. CP Cases continued its positive development, while Leteng, MH Modules and Precimeter also displayed good earnings improvements. Meanwhile, several smaller businesses continued to face challenging market conditions. The recently acquired He-Man in the UK, which manufactures supplemental and dual control systems for vehicles, has made a promising start in Lagercrantz. In June 2025, Orax was acquired, a leading product and full-service supplier, particularly for the management of cemeteries throughout Sweden. TecSec The TecSec division’s net revenue decreased by 2% to MSEK 525 (538), where 6% was added through acquisitions, -5% organically and -3% currency. Operating profit (EBITA) amounted to MSEK 84 (98), equivalent to an operating margin of 16.0% (18.2). ===== SIDA 5 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 5 Several of the safety & security companies in the division performed well in a continued favourable market climate, for instance ARAS, Fireco, Frictape and Idesco. ISG Nordic and Suomen Diesel Voima also reported good order intake but began the year slightly weaker than expected. The more construction-related businesses - R-CON, Door & Joinery, Principal Doorsets and CWL - remain affected by a weak business situation. The division’s largest business, PcP, noted stable demand, but reported a slightly weaker start to the year. Niche Products The Niche Products division’s net revenue increased by 15% to MSEK 569 (495), where 17% was added through acquisitions, 1% organically and -3% currency. Operating profit (EBITA) increased by 14% to MSEK 114 (100), equivalent to an operating margin of 20.0% (20.2). Niche Products delivered a stable quarter, with a continued favourable market situation for the majority of the businesses. Prido - a leading Swedish manufacturer of industrial folding doors - continued to perform strongly. Even the recently acquired Van Leeuwen Test Group in the Netherlands has made a very good start in Lagercrantz. Sajas, Profsafe and Vendig also delivered clear earnings improvements, while Tormek, Asept and Wapro performed in line with the previous year, partly due to a weaker market situation in the USA. In April 2025, MT Miljøteknik ApS in Denmark was acquired - a leading manufacturer of safety products for freshwater and wastewater distribution networks. The company generates annual revenue of about MDKK 25 and is an add-on acquisition to Wapro. International The International division’s net revenue decreased by 2% to MSEK 388 (395), where 0% was added through acquisitions, 3% organically and -5% currency. Operating profit (EBITA) increased by 1% to MSEK 70 (69), equivalent to an operating margin of 18.0% (17.5). The International Division delivered a stable quarter with good profitability and carried out two exciting acquisitions in June and July. The marine business Libra in Norway and DP Seals in the UK continued to develop strongly. Even other units, such as Tebul in Finland, Glova Rail and G9 in Denmark as well as Schmitztechnik and Unitronic in Germany, also contributed positively to the result. In June 2025, Epoke in Denmark was acquired - a leading manufacturer of winter road maintenance equipment with annual revenue of approx. MDKK 240. In July 2025, Friggeråkers Verkstäder AB in Sweden was acquired, which under the Falköping brand is a leading manufacturer of sand and salt spreaders, with annual revenue of MSEK 110. PROFITABILITY AND FINANCIAL POSITION Return on equity amounted to 28% (26) and the return on capital employed was 19% (20). The Group’s metric for return on working capital (P/WC) amounted to 75% (74). The equity ratio at the end of the period was 34% (36). Equity per share amounted to SEK 19.75 (17.39). The Group’s operating net debt increased due to the recent acquisitions and at the end of the period amounted to MSEK 3,359 (2,342). The Group’s net indebtedness, including pension liability of MSEK 56 (62) and lease liability of MSEK 522 (455), amounted to MSEK 3,937 (2,860) at the end of the period, where the change was mainly due to acquisitions. CASH FLOW AND CAPITAL EXPENDITURES Cash flow from operating activities increased by 23% to MSEK 288 (235), where the change was explained by an increased profit. Acquisitions and disposals, including settlement of contingent consideration relating to acquisitions carried out in previous years, amounted to MSEK 343 (11). Net investments in non-current assets amounted to MSEK 46 (18). OTHER FINANCIAL INFORMATION Parent Company and other consolidation items The Parent Company’s net revenue amounted to MSEK 21 (20) and profit after financial items amounted to MSEK 239 (437). The Parent Company’s equity ratio was 39% (44). Employees At the end of the period, the number of employees in the Group was 3,322 (3,124 at the end of the 2024/25 financial year), of whom 150 were added through acquisitions. ===== SIDA 6 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 6 Share capital The share capital amounted to MSEK 49 at the end of the period. The quota value per share amounted to SEK 0.23. Classes of shares were distributed as follows on 30 June 2025: Classes of shares Number A shares 9,775,386 B shares 199,442,847 Repurchased B shares -3,104,112 Total number of shares after repurchases 206,114,121 At 30 June 2025, Lagercrantz Group held 3,104,112 own Class B shares, equivalent to 1.5% of the total number of shares and 1.0% of the votes. Lagercrantz’s own holdings of repurchased B shares are primarily security for the company’s obligations in out- standing call option programmes for senior executives. During the first quarter, repurchases of call options amounted to MSEK 12 (63) and redemption of call options amounted to MSEK 4 (9). At the end of the period, Lagercrantz had three outstanding call option programmes for a total of 2,313,000 shares: Option programme Number of outstanding options* Redemption price 2024/28 796,000 233.90 2023/27 763,000 143.10 2022/26 754,000 127.70 Total 2,313,000 * An option carries the right to purchase one share. Issued call options on repurchased shares had a dilutive effect of approximately 0.3% of the total number of shares in the company. ACQUISITIONS From and including the 2024/25 financial year, the following acquisitions have been carried out (including subsidiaries); Acquisition Takeover Equity interest, % Annual revenue at acquisition date, MSEK Number of employees Division Principal Doorsets Ltd, UK July 2024 100 120 65 TecSec CP Global Ltd (“CP Cases”), UK July 2024 87 160 73 Control Mastsystem Int’l Oy, Finland November 2024 100 175 28 Electrify Track Analysis Systems Ltd (TASL), UK February 2025 100 15 6 Control Plast & Plåt Vägmärken (PPV), Sweden February 2025 100 60 23 Electrify Van Leeuwen Test Group, Netherlands February 2025 100 225 112 Niche Products HM Holding Ltd (He-Man), UK March 2025 100 70 42 Control MT Miljøteknik ApS, Denmark April 2025 90 37 25 Niche Products AB Orax, Sweden June 2025 100 50 14 Control Epoke A/S, Denmark June 2025 100 360 115 International Friggeråkers Verkstäder AB, Sweden July 2025 100 110 40 International 1,382 During the first quarter 2025/26, three companies have been acquired. In April 2025, 90% of the shares in Miljøteknik ApS in Denmark were acquired, a leading manufacturer of safety products for freshwater and wastewater distribution networks. MT Miljøteknik is an add-on acquisition to Wapro in the Niche Products division and generates annual revenue of about MDKK 25. In June 2025, AB Orax was acquired for the Control division. Orax is a leading product and full-service supplier, particularly for the management of cemeteries throughout Sweden and generates annual revenue of about MSEK 50. In June 2025, Epoke A/S in Denmark was acquired for the International division. Epoke is a leading manufacturer of winter road maintenance equipment and generates annual revenue of MDKK 240. Lagercrantz normally uses an acquisition structure with a fixed purchase price and contingent consideration as well as options on any minority shares. The outcome of contingent considerations depends on the future results achieved in the companies and has a set maximum level. Not yet paid contingent considerations for acquisitions are estimated and have a book value of MSEK 420 (272). These fall due for payment within about three years from the date of acquisition and the maximum outcome can be MSEK 565 (402). Remeasurement of contingent considerations had a net effect in the quarter of MSEK 9 (7). The effect on earnings is recognised in other operating income and other operating expenses. During the first quarter, MSEK 0 (16) was paid in contingent consideration for previous acquisitions and MSEK 38 (46) in exercise of call options for acquisition of outstanding minority shares. Transaction costs, including any stamp duty, for the quarter’s acquisitions amounted to SEK 1 MSEK (0) and are reported under the item administrative expenses. ===== SIDA 7 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 7 Preliminary purchase price allocation The preliminary purchase price allocations since 1 June 2024 in the table below include Principal Doorsets Ltd, CP Global Ltd, Mastsystem Int’l Oy, Track Analysis Systems Ltd, Plast & Plåt Vägmärken, Van Leeuwen Test Group, HM Holding Ltd, MT Miljøteknik ApS, AB Orax, and Epoke A/S; Net assets of acquired companies at time of acquisition (MSEK) Carrying amount in companies Fair value adjustment Fair value consolidated Intangible non-current assets 31 842 873 Other non-current assets 104 0 104 Inventories 298 0 298 Other current assets 485 0 485 Interest-bearing liabilities -106 0 -106 Other liabilities -287 -190 -477 Acquired net assets 525 652 1,177 Goodwill 1) 683 Estimated Purchase price 1,860 Less: cash and cash equivalents in acquired businesses -235 Less: consideration not yet paid -192 Effect on the Group’s cash and cash equivalents 1,433 1) Goodwill is motivated by expected future sales development and profitability and also by the staff included in the acquired companies. OTHER INFORMATION Accounting principles The Interim Report for the Group has been prepared in accordance with IFRS standards as adopted by the EU with application of IAS 34, Interim Financial Reporting. Apart from in the financial statements and accompanying notes, disclosures according to IAS 34.16A are also presented in other parts of the report. The Interim Report for the Parent Company has been prepared in accordance with the Swedish Annual Accounts Act and the Swedish Securities Markets Act, which is in accordance with the provisions of RFR 2, Accounting for Legal Entities. The same accounting policies and calculation methods as in the most recent annual report have been applied in the interim report. There are no new IFRS standards or IFRIC interpretations approved by the EU, which are applicable for Lagercrantz, or that have a significant effect on the Group’s results and financial position for 2025/26. Significant estimates and judgments As of the financial year 2025/26, a new assessment is applied to two internal loans in DKK to the Danish holding company. The loans are now classified as financial loans, in order to better reflect the purpose of the financing, whereas they were previously reported as an extended net investment. This change means that foreign exchange translation effects will henceforth be recognized in the Group’s financial net, instead of previously in other compre- hensive income. Otherwise, the company applies the significant estimates and judgments, as stated in the annual report for 2024/25. Alternative performance measures Lagercrantz presents certain financial metrics in the interim report that are not defined according to IFRS. The company considers that these metrics provide supplementary information to investors and share- holders as they enable evaluation of trends and the company’s performance. They should not be regarded as a substitute for metrics defined according to IFRS. For definitions and reconciliation tables for the key performance indicators that Lagercrantz uses, see pages 16-17. Transactions with related parties Transactions between Lagercrantz and related parties with a significant impact on the company’s financial position and results have not occurred. ===== SIDA 8 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 8 Risks and uncertainty factors Lagercrantz’s results and financial position are affected by a number of internal factors, which Lagercrantz controls and a number of external factors where the possibility to influence the course of events is limited. The most important risk factors for the Group are the geopolitical uncertainty and economic situation, combined with structural changes in the market, customer and supplier dependence, the competitive situation, pandemics and cyber security risks. For more information, please see the Risks and uncertainty factors section on pages 36-37 in the 2024/25 Annual Report. The Parent Company is impacted by the above- mentioned risks and uncertainty factors through its capacity as owner of subsidiaries. Events after the end of the period In July 2025, Friggeråkers Verkstäder AB was acquired for the International division. Friggeråkers is a leading Swedish manufacturer of sand and salt spreaders under the Falköping brand and generates annual revenue of MSEK 110. No other significant events for the company have occurred after the end of the period. Annual General Meeting 2025 The 2025 Annual General Meeting (AGM) is planned to be held on 26 August 2025, at 4.00 p.m. at IVA’s Conference Centre, Grev Turegatan 16 in Stockholm. Notice convening the AGM will be published in July 2025 and will be available on the company’s website www.lagercrantz.com. The Board of Directors proposes a dividend of SEK 2.20 (1.90) per share, which is in line with Lagercrantz’s dividend policy. Notice of participation in the AGM must be given in accordance with the convening notice. Stockholm, 18 July 2025 Jörgen Wigh, President and CEO This report has not been subject to review by the company’s auditors. ===== SIDA 9 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 9 Quarterly data by division Net revenue 2025/26 2024/25 2023/24 MSEK Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 672 588 603 533 561 449 450 421 481 Control 319 330 322 281 264 284 255 219 249 TecSec 525 550 572 511 538 517 540 480 528 Niche Products 569 642 559 472 495 511 435 390 420 International 388 393 406 375 395 398 374 361 368 Parent Company/consolidation items - - - - - - - - - GROUP TOTAL 2,473 2,503 2,462 2,172 2,253 2,159 2,054 1,871 2,046 Operating profit (EBITA) 2025/26 2024/25 2023/24 MSEK Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 123 100 97 100 90 66 80 80 87 Control 51 59 47 34 35 48 37 27 32 TecSec 84 83 92 87 98 85 99 89 95 Niche Products 114 142 128 108 100 126 91 89 93 International 70 69 69 66 69 70 65 60 57 Parent Company/consolidation items -10 -7 -5 -8 -6 -5 -19 -12 -7 GROUP TOTAL 432 446 428 387 386 390 353 333 357 Operating margin (EBITA) 2025/26 2024/25 2023/24 % Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 18.3 17.0 16.1 18.8 16.0 14.7 17.8 19.0 18.1 Control 16.0 17.9 14.6 12.1 13.3 16.9 14.5 12.3 12.9 TecSec 16.0 15.1 16.1 17.0 18.2 16.4 18.3 18.5 18.0 Niche Products 20.0 22.1 22.9 22.9 20.2 24.6 20.8 22.7 22.2 International 18.0 17.6 17.0 17.6 17.5 17.6 17.4 16.6 15.5 GROUP TOTAL 17.5 17.8 17.4 17.8 17.1 18.1 17.2 17.8 17.5 * From 1 April 2024, the businesses Nikodan Process Equipment and MH Modules have been moved from the Niche Products division to the Control division and all comparative figures in the table and interim report have been restated to take account of this. ===== SIDA 10 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 10 Consolidated Income Statement - condensed MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Moving 12 months, Jul-Jun 2025/26 Financial year 2024/25 Net revenue 2,473 2,253 9,609 9,389 Cost of goods sold -1,513 -1,380 -5,863 -5,730 GROSS PROFIT 960 873 3,746 3,659 Selling expenses -384 -359 -1,473 -1,448 Administrative expenses -210 -180 -840 -811 Other operating income and operating expenses 12 2 48 39 PROFIT BEFORE NET FINANCIAL ITEMS* 378 336 1,481 1,439 Net financial items -35 -34 -142 -141 PROFIT AFTER FINANCIAL ITEMS 343 302 1,339 1,298 Taxes -80 -80 -279 -279 NET PROFIT FOR THE PERIOD 263 222 1,060 1,019 * Of which: - amortisation of intangible non-current assets arising in connection with acquisitions: -54 -50 -211 -207 OPERATING PROFIT (EBITA) 432 386 1,692 1,646 Earnings per share before dilution, SEK 1.28 1.08 5.15 4.95 Earnings per share after dilution, SEK 1.27 1.08 5.14 4.93 Weighted number of shares after repurchases, (’000) 206,093 205,983 206,079 206,052 Weighted number of shares after repurchases adjusted after dilution (’000)** 206,668 206,405 206,592 206,553 Number of shares at end of period after repurchases (’000) 206,114 206,064 206,114 206,088 ** In view of the redemption price on outstanding call options during the period (SEK 127.70, SEK 143.10 and SEK 233.90) and the average share price (SEK 204.58) during the latest 12-month period when the option programmes were outstanding, there was a dilutive effect of 0.28%. For the latest quarter, there was a dilutive effect of 0.28% (average share price SEK 218.20). Consolidated Statement of Comprehensive Income - condensed MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Moving 12 months, Jul-Jun 2025/26 Financial year 2024/25 Net profit for the period 263 222 1,060 1,019 Items that have been reposted or that may be reposted to net profit for the period Change in translation reserve 23 -20 -120 -163 Taxes related to the above items 0 2 10 12 Items that cannot be reposted to net profit for the period: Actuarial effects on pensions - - 3 3 Taxes attributable to actuarial effects - - -1 -1 Other comprehensive income 23 -18 -108 -149 COMPREHENSIVE INCOME FOR THE PERIOD 286 204 952 870 ===== SIDA 11 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 11 Consolidated Balance Sheet - condensed MSEK 30 Jun 2025 30 Jun 2024 31 Mar 2025 ASSETS Goodwill 3,802 3,099 3,618 Other intangible non-current assets 2,602 1,985 2,488 Property, plant and equipment 1,283 1,115 1,290 Financial assets 33 24 32 Inventories 1,629 1,353 1,426 Trade receivables and contract assets 1,593 1,433 1,469 Other current receivables 397 406 443 Cash and bank balances 631 492 456 TOTAL ASSETS 11,970 9,907 11,222 EQUITY AND LIABILITIES Equity 4,070 3,584 3,837 Non-current interest-bearing liabilities 3,880 2,648 3,418 Non-interest-bearing liabilities, non-current 1,177 819 1,158 Current interest-bearing liabilities 688 702 672 Trade payables and contract liabilities 763 730 746 Other current liabilities 1,392 1,424 1,391 TOTAL EQUITY AND LIABILITIES 11,970 9,907 11,222 Interest-bearing assets 631 490 456 Interest-bearing liabilities, excl. pension liabilities 4,513 3,288 4,034 Changes in Consolidated Equity - condensed MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Moving 12 months, Jul-Jun 2025/26 Financial year 2024/25 Opening balance 3,837 3,468 3,584 3,468 Comprehensive income for the period 286 204 952 870 Transactions with owners Dividend - - -392 -392 Dividend to minority shareholders in subsidiaries -43 -33 -52 -42 Redemption and acquisition of options on repurchased shares, net -9 -55 -16 -62 Change in value option liability acquisition -1 - -6 -5 Closing balance 4,070 3,584 4,070 3,837 ===== SIDA 12 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 12 Consolidated Statement of Cash Flows - condensed MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Moving 12 months, Jul- Jun2025/26 Financial year 2024/25 Operating activities Profit after financial items 343 302 1,339 1,298 Adjustment for items not included in the cash flow 174 100 474 400 Income tax paid -69 -45 -392 -368 Cash flow from operating activities before changes in working capital 448 357 1,421 1,330 Cash flow from changes in working capital Increase (-)/Decrease (+) in inventories -61 4 2 67 Increase (-)/Decrease (+) in operating receivables -70 -69 -5 -4 Increase (+)/Decrease (-) in operating liabilities -29 -57 -43 -71 Cash flow from operating activities 288 235 1,375 1,322 Investing activities Investments in businesses -343 -11 -1,463 -1,131 Net investments in other non-current assets -46 -18 -188 -160 Cash flow from investing activities -389 -29 -1,651 -1,291 Financing activities Dividend to the parent company’s shareholders - - -392 -392 Dividend to minority shareholders in subsidiaries -42 -35 -49 -42 Transactions with own shares/options -9 -55 -16 -62 Change in loan liability 401 -2 1,124 721 Change in credit facilities and other financing activities -77 25 -237 -135 Cash flow from financing activities 273 -67 430 90 CASH FLOW FOR THE PERIOD 172 139 154 121 Cash and cash equivalents at the beginning of the period 456 355 490 355 Exchange difference in cash and cash equivalents 3 -3 -13 -20 Cash and cash equivalents at the end of the period 631 490 631 456 ===== SIDA 13 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 13 Fair value of financial instruments For all of the Group’s financial assets, fair value is estimated to equal the carrying amount. Liabilities measured at fair value consist of contingent consideration payments and call options on minority interests, which are measured using discounted estimated cash flows and are therefore included in level 3 under IFRS 13. Carrying amount, MSEK 30 Jun 2025 31 Mar 2025 Assets measured at fair value - - Assets measured at amortised cost 2,059 1,817 TOTAL ASSETS, FINANCIAL INSTRUMENTS 2,059 1,817 Liabilities measured at fair value 820 823 Liabilities measured at amortised cost 5,208 4,709 TOTAL LIABILITIES, FINANCIAL INSTRUMENTS 6,028 5,532 Change in liability for contingent considerations MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Financial year 2024/25 Opening balance 390 296 296 The period’s acquisitions 13 - 158 Settled liabilities during the period - -16 -17 Remeasurement preliminary purchase price allocation 25 - 3 Remeasurement via profit or loss -9 -7 -37 Exchange difference 1 -1 -13 Closing balance 420 272 390 Change in call options MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Financial year 2024/25 Opening balance 433 409 409 The period’s acquisitions 5 - 23 Settled liabilities during the period -38 - - Remeasurement preliminary purchase price allocation - - - Remeasurement via equity 1 - 13 Exchange difference -1 -1 -12 Closing balance 400 408 433 ===== SIDA 14 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 14 Parent Company Income Statement - condensed MSEK 3 months Apr-Jun 2025/26 3 months Apr-Jun 2024/25 Moving 12 months, Jul-Jun 2025/26 Financial year 2024/25 Net revenue 21 20 84 83 Administrative expenses -37 -28 -128 -119 Other operating income and operating expenses - - 0 0 OPERATING PROFIT -16 -8 -44 -36 Financial income 281 479 850 1,048 Financial expenses -26 -34 -186 -194 PROFIT AFTER FINANCIAL ITEMS 239 437 620 818 Change in untaxed reserves - - -65 -65 Taxes 1 4 -48 -45 NET PROFIT FOR THE PERIOD 240 441 507 708 Parent Company Balance Sheet - condensed MSEK 30 Jun 2025 30 Jun 2024 31 Mar 2025 ASSETS Property, plant and equipment 2 2 2 Financial assets 7,354 5,856 6,906 Current receivables 1,153 1,424 1,260 Cash and bank balances - - - TOTAL ASSETS 8,509 7,282 8,168 EQUITY AND LIABILITIES Equity 3,312 3,212 3,080 Untaxed reserves 353 288 353 Non-current liabilities 3,469 2,285 3,188 Current liabilities 1,375 1,497 1,547 TOTAL EQUITY AND LIABILITIES 8,509 7,282 8,168 ===== SIDA 15 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 15 Key performance indicators In the table below, certain key performance indicators are presented that are not defined according to IFRS, for definition see Key performance indicator definitions. Moving 12 months Financial year 2025/26 2024/25 2023/24 2022/23 2021/22 Revenue 9,609 9,389 8,129 7,246 5,482 Change in revenue, % 15.3 15.5 12.2 32.2 34.0 EBITDA 2,028 1,967 1,704 1,451 1,094 Operating profit (EBITA) 1,692 1,646 1,431 1,205 895 Operating margin (EBITA), % 17.6 17.5 17.6 16.6 16.3 EBIT 1,481 1,439 1,256 1,062 781 EBIT margin, % 15.4 15.3 15.5 14.7 14.2 Profit after financial items 1,339 1,298 1,116 968 741 Profit margin, % 13.9 13.8 13.7 13.4 13.5 Profit after taxes 1,060 1,019 877 758 572 Equity ratio, % 34 34 35 37 36 Return on working capital (P/WC), % 75 79 77 78 79 Return on capital employed, % 19 20 20 22 20 Return on equity, % 28 28 27 29 28 Net debt (+)/receivables (-), MSEK 3,937 3,634 2,956 2,327 2,014 Net debt/equity ratio, times 1.0 0.9 0.9 0.8 0.9 Operating net debt (+)/receivables (-), MSEK 3,359 3,033 2,438 1,902 1,621 Operating net debt/equity ratio, times 0.8 0.8 0.7 0.6 0.7 Interest coverage ratio, times 9 9 8 8 15 Number of employees at end of period 3,322 3,124 2,762 2,425 1,953 Revenue outside Sweden, MSEK 6,533 6,397 5,561 4,830 3,559 Key performance indicators per share In the table below, certain key performance indicators are presented that are not defined according to IFRS, for definition see Key performance indicator definitions. Moving 12 months Financial year 2025/26 2024/25 2023/24 2022/23 2021/22 Number of shares at end of period after repurchases (’000) 206,114 206,088 205,955 205,930 203,637 Weighted number of shares after repurchases, (’000) 206,079 206,052 205,940 204,439 203,547 Weighted number of shares after repurchases & dilution (’000) 206,592 206,553 206,227 204,718 204,102 Earnings per share before dilution, SEK* 5.15 4.95 4.26 3.71 2.81 Earnings per share after dilution, SEK* 5.14 4.93 4.25 3.70 2.80 Cash flow from operating activities per share after dilution, SEK 6.65 6.39 6.43 5.23 2.91 Equity per share, SEK 19.75 18.54 16.84 14.61 10.94 Latest price paid per share, SEK 227.6 206.40 163.80 129.70 106.80 *Lagercrantz does not recognise minority interests due to the existence of call and put options on the minority shares, for a description of consolidation principles see page 54 of the 2024/25 Annual Report. ===== SIDA 16 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 16 Key performance indicator definitions Return on equity1 Net profit for the year after tax as a percentage of average equity (opening plus closing balance for the latest 12-month period), divided by two). Return on working capital (P/WC) 1 Operating profit (EBITA) as a percentage of average working capital, (opening balance plus closing balance for the latest 12-month period, divided by two), where working capital consists of inventories, trade receivables and contract assets less trade payables and contract liabilities. Return on capital employed1 Profit after financial items, plus financial expenses as a percentage of average capital employed (opening balance plus closing balance for the latest 12-month period, divided by two). EBITDA1 Operating profit before depreciation and impairment. EBIT margin Profit before net financial items as a percentage of net revenue. Equity per share1 Equity divided by the number of outstanding shares on the balance sheet date. Cash flow per share after dilution1 Cash flow in relation to the weighted number of shares outstanding after repurchases and adjusted for dilution. Cash flow from operating activities per share1 Cash flow from operating activities in relation to the weighted number of shares outstanding after repurchases and adjusted for dilution. Net debt/receivables1 Interest-bearing provisions and liabilities, including pension liabilities and including liabilities related to financial leases according to IFRS 16, less cash and cash equivalents and investments in securities. Net debt/equity ratio1 Interest-bearing provisions and liabilities including pension liabilities and including IFRS 16, less cash and cash equivalents and investments in securities, divided by equity. Operating net debt/receivables1 Interest-bearing provisions and liabilities, excluding pensions and excluding liabilities related to financial leases according to IFRS 16, less cash and cash equivalents and investments in securities. Operating net debt/equity ratio1 Interest-bearing provisions and liabilities, excluding pensions and excluding effects of IFRS 16, less cash and cash equivalents and investments in securities, divided by equity. Change in revenue1 Change in net revenue as a percentage of the preceding year’s net revenue. Organic growth1 Changes in net revenue excluding currency effects, acquisitions and disposals compared to the same period of the previous year. Earnings per share before dilution Net profit for the year attributable to the parent company’s shareholders in relation to the weighted number of shares outstanding after repurchases. Earnings per share after dilution Net profit for the year attributable to the parent company’s shareholders in relation to the weighted number of shares outstanding after repurchases and dilution. Interest coverage ratio1 Profit after financial items plus financial expenses divided by financial expenses. Operating profit (EBITA)1 Operating profit before amortisation of intangible non-current assets arising in connection with acquisitions. Operating margin1 Operating profit (EBITA) as a percentage of net revenue. Debt equity ratio1 Interest-bearing liabilities divided by equity, plus non-controlling interests. Equity ratio1 Equity, plus non-controlling interests as a percentage of total assets. The equity portion of untaxed reserves is included in the parent company’s calculation of the equity ratio. Capital employed1 Total assets, less non-interest-bearing provisions and liabilities. Profit margin1 Profit after financial items, less participations in associated companies as a percentage of net revenue. 1 The key performance indicator is an alternative performance measure according to ESMA’s guidelines. ===== SIDA 17 ===== LAGERCRANTZ GROUP AB (PUBL) INTERIM REPORT 1 APRIL 2025 – 30 JUNE 2025 17 Reconciliation tables for alternative performance measures 12 months through EBITA and EBITDA Group, MSEK 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023 Profit before net financial items according to the quarterly report 1,481 1,439 1,256 1,062 Amortisation, intangible non-current assets relating to acquisitions (+) 211 207 175 143 EBITA 1,692 1,646 1,431 1,205 Depreciation of property, plant and equipment 336 321 273 246 EBITDA 2,028 1,967 1,704 1,451 Working capital and return on working capital (P/WC) Group, MSEK 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023 EBITA (moving 12 months) 1,692 1,646 1,431 1,205 Inventories, annual average (+) 1,491 1,398 1,268 1,058 Trade receivables and contract assets, annual average (+) 1,513 1,421 1,305 1,105 Trade payables and contract liabilities, annual average (-) 747 747 711 621 Working capital (annual average) 2,257 2,071 1,862 1,542 Return on working capital (P/WC), (%) 75% 79% 77% 78% Acquired and organic net revenue growth Group, MSEK, % 3 months Apr-Jun 2025/26 3 months Jan-Mar 2024/25 3 months Oct-Dec 2024/25 3 months Jul-Sep 2024/25 3 months Apr-Jun 2024/25 Acquired net revenue growth 232 10% 240 11% 338 16% 324 17% 256 12% Organic net revenue growth 58 3% 105 5% 62 3% 11 1% -57 -3% Exchange rate effects -70 -3% -1 0% 8 1% -34 -2% 9 1% Total net revenue growth 220 10% 344 16% 408 20% 301 16% 208 10% Revenue distribution Electrify Control TecSec Niche Products International Group total Net revenue by product type 3 months Apr-Jun 2025/26 Financial year 2024/25 3 months Apr-Jun 2025/26 Financial year 2024/25 3 months Apr-Jun 2025/26 Financial year 2024/25 3 months Apr-Jun 2025/26 Financial year 2024/25 3 months Apr-Jun 2025/26 Financial year 2024/25 3 months Apr-Jun 2025/26 Financial year 2024/25 Total net revenue 672 2,285 319 1,196 525 2,171 569 2,169 388 1,568 2,473 9,389 Of which, share Proprietary products 79% 78% 68% 66% 78% 77% 94% 94% 67% 67% 79% 78% Trading 3% 4% 28% 30% 4% 5% 4% 3% 32% 32% 11% 12% Niche production 17% 17% 3% 3% - - - 2% - - 5% 5% System integration - - - - 12% 12% - - - - 3% 3% Other net revenue 1% 1% 1% 1% 6% 6% 2% 1% 1% 1% 2% 2% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% This information is such information that Lagercrantz Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 07:40 CET on 18 July 2025. Reporting dates: 26 August 2025 Annual General Meeting for the 2024/25 financial year 24 October 2025 Interim Report Q2 1 April – 30 September 2025 6 February 2026 Interim Report 1 April – 31 December 2025 19 May 2026 Year-end Report 1 April 2025 – 31 March 2026 For further information please contact: Jörgen Wigh, President and CEO, phone +46 8 700 66 70 Peter Thysell, CFO, phone +46 70 661 05 59 Lagercrantz Group AB (publ) Box 3508, 103 69 Stockholm Phone +46 8 700 66 70 Corporate identity number 556282-4556 www.lagercrantz.com