===== SIDA 1 ===== Sectra’s three-month interim report 2025/2026 1 (27) REPORT PRESENTATION September 4, 2025 at 10:00 a.m. (CEST) Follow online: https://investor.sectra.com/q1report2526 Diagrams and amounts in the financial report Bars show the outcome per quarter and lines show the outcome for the rolling 12-month period (R12). Amounts are restated in SE K million unless otherwise indicated. Amounts in parentheses pertain to the corresponding quarter/period in the preceding fiscal year. Three-month report 2025/2026 Order bookings doubled following success in the US and Canada The Group reports double order bookings, increased sales in all operating areas and a positive earnings trend in the first quarter of 2025/2026. In geographic terms, the US along with the Swedish operations made the larges t contribution to the sales growth, despite the fact the outcomes in the US were hampered by exchange-rate effects. The ongoing transition to service sales is progressing well, with growing recurring revenue. FINANCIAL OUTCOME IN BRIEF Figures in parentheses pertain to the corresponding period/quarter in the preceding fiscal year. First quarter: May–July 2025  Contracted order bookings rose 112.9% to SEK 1,309.5 million (615.0), of which SEK 1,192.3 million (543.1) pertained to guaranteed order bookings. Of the guaranteed order bookings, 7% were recognized as revenue during the quarter and a further estimated 13–23% will pertain to revenue within 12 months after the end of the quarter.  Net sales increased 5.8% to SEK 765.9 million (723.8). Based on unadjusted exchange rates compared with the year-earlier period, the increase was 12.1%. Recurring revenue accounted for SEK 549.2 million (482.3) of net sales, up 13.9%. Based on unadjusted exchange rates, the increase was 20.8%. Cloud recurring revenue (CRR) increased 46.1% to SEK 179.4 million (122.8).  Operating profit rose 19.0% to SEK 118.8 million (99.8), corresponding to an operating margin of 15.5% (13.8). The outcome includes SEK 36.1 million (12.5) in costs for share-based incentive programs. The increase is partly attributable to the start of a new program after the comparative quarter and partly to the share price trend. Based on unadjusted exchange rates compared with the year-earlier period, operating profit rose 35.9%.  Profit for the period amounted to SEK 102.8 million (80.4).  Cash flow from operations amounted to SEK 118.1 million (-56.7). The change was primarily the result of a decrease in capital tied up in current receivables. Key figures Quarter 12 months SEK million Q1 Q1 Δ R12 Full-year Δ 25/26 24/25 % 25/26 24/25 % Contracted order bookings 1,309.5 615.0 112.9 9,400.6 8,706.1 8.0 of which guaranteed order bookings 1,192.3 543.1 119.5 8,302.2 7,653.0 8.5 Net sales 765.9 723.8 5.8 3,281.8 3,239.8 1.3 of which recurring revenue 549.2 482.3 13.9 2,134.2 2,067.4 3.2 of which cloud recurring revenue (CRR) 179.4 122.8 46.1 647.7 591.1 9.6 Operating profit 2 118.8 99.8 19.0 742.0 723.0 2.6 excluding patent settlement 118.8 99.8 19.0 632.0 613.0 3.1 Operating margin 2, % 15.5 13.8 n/a 22.6 22.3 n/a excluding patent settlement, % 15.5 13.8 n/a 19.3 18.9 n/a Profit for the period 2 102.8 80.4 27.9 585.8 563.4 4.0 Churn, % n/a n/a n/a 0.7 0.6 n/a Earnings per share, SEK 1, 2 0.53 0.42 26.2 3.04 2.92 4.1 Cash flow from operations 118.1 -56.7 308.3 1,097.2 922.4 19.0 Average no. of employees 1,328 1,222 8.7 1,275 1,249 2.1 1 Before and after dilution 2 The outcomes for the full year and R12 include a patent settlement that had a positive impact of SEK 110 million on operating profit. The business transaction was a nonrecurring item and was recognized in its entirety during the third quarter of 2024/2025. ===== SIDA 2 ===== Sectra’s three-month interim report 2025/2026 2 (27) Torbjörn Kronander, President and CEO Cloud services +46% recurring revenue y-o-y Churn 0.7% of recurring revenue R12 as-a-service CEO’S COMMENTS The fiscal year started with a favor able performance in both medical IT and cybersecurity. Growth in North America was particularly notable. We are also making progress in our change of business model to selling medical diagnostic imaging to healthcare providers as a service. At the same time, we continue to strengthen society’s resilience against cyberthreats through our information security solutions. Success in North America In our medical operations, our growth in the US and Canada is continuing at a rapid rate. During the quarter, we secured new contracts w ith some of the most reputable healthcare providers in the region, while also renewing and expanding contracts with existing customers. High customer satisfaction remains a strong competitive advantage that is contributing to our success and enabling us to create long-term relationships. During the quarter, we also received two new healthcare cybersecur ity certifications—Texas Ramp in the US and C5 in Germany. The certifications were a result of our extensive work related to the security of healthcare IT solutions. It is crucial for ho spitals that their systems are robust, as a breach could pose a risk for patien ts and lead to enormous costs for the hospitals themselves. T hese certifications are therefore important, and in some cases a requirement, for offering our services. Focus on deployment and increased volumes The extensive customer contracts we secured in the last fiscal year will soon enter a phase during which customers will start to deploy our solutions, albeit gradually over a number of years. While se veral large healthcare providers will start producing examinations in 2025/2026, we expect the financial impact from this to remain relatively small during the fiscal year. Once these customers go live, our focus will be on helping them to maximize the benefits of our services and increasing their use—efforts that will ultimatel y generate stable growth in recurring revenue and further strengthen our customer relationships. Increased investment in resilience and security in NATO countries In Secure Communications, we see continuing favorable demand, not least as a result of security developments. While NATO’s decision during the summer to increase member states’ defense and security investments has not had an immediate impact on our business, it will create further opportunities in the long term. We are well positioned to contribute solutions for secure communication and information sharing that make societies more resistant to cyberthreats. Our solutions were used, for example, at the NATO summit in the Netherlands during the summer (refer to page 10). This is a highly prestigious recognition and a clear indication that we have captured a l eading position in our segment. This example demonstrates how our innovations help customers to protect decision-makers and citizens alike, at a time when information security is more important than ever . Our technologies, such as Tiger/S and other security solutions we develop, protect sensitive data and ensure that diplomacy and crisis management can occur under secure conditions. The future Efficient medical care and cybersecurity are areas that will continue to grow for a long time to come. We grow by adding new customers, and by existing customers remaining with us and increasing their use of our services. Together with our customers, we are continuing to work for a healthier and safer society. Our comprehensive transformation to selling services that are delivered via the cloud is a strategic initiative to position us for the future. We are doing this to be able to deliver faster, become more scalable and create more secure solutions for our customers, who need to manage growing image volumes, ease the burden on their IT departments and strengthen their protection against cyberthreats. The initiative is laying the foundation for enterprise imaging, integrated diagnostics and precision medi cine. However, the transition will require persistence and a long-term focus. Although it will have a negative impact on our financia l performance in the short term, it will provide us with a stronger and more scalable business model in the long term. Thanks to this transformation, a high level of customer trust, and innovative offerings, we are well equipped for the future. ===== SIDA 3 ===== Sectra’s three-month interim report 2025/2026 3 (27) 0 10 20 30 40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 % 0 50 100 150 200 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 % 0 25 50 75 100 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 % OPERATIONAL TARGETS AND FINANCIAL GOALS Sectra’s overall operational target is to create significant customer value. Customers should be so satisfied with their experi ence that they remain for a long time, expand their use of our solutions and recommend Sectra to others. Delivering customer value is also the Group’s most important sustainability target since our customers’ work to treat patients and increase cybersecurity is essential for functioning societies. Customer satisfaction requires satisfied and dedicated employees. Employees who are motivated, understand their customers and feel a sense of well-being will also increasingly develop new, creative solutions that can further increase the value we provide for Sectra’s customers. Operating in markets that are growing, combined with satisfied customers and employees, provides a long- term sound financial performance. Sectra has three Group-wide financial goals. Stability and profita bility are considered fundamental goals. Once these goals hav e been met, the focus shifts to earnings growth per share, whic h in practice is our primary financial goal. All result indicators currently exceed the target levels by a comfortable margin despite the effects of changes in the business model. The financial goals are (in order of priority): 1. Stability1: Equity/assets ratio ≥30% 2. Profitability: Operating margin ≥15% 3. Earnings growth 2: Growth for operating profit/share over a five-year period ≥50% The equity/assets ratio exceeded the target due to a strong financial position. 1 The line in the diagram shows the outcomes at the end of the periods including the patent settlement in the third quarter of 2024/2025. The patent settlement did not have any material effect on the outcome. The operating margin was impacted by the ongoing transformation of the business model, with a large share of growth attributable to entirely new customers. This entails an initial increase in costs before these customers reach the expected volumes. Including the patent settlement, the operating margin for the latest rolling 12-month period was 22.6%. The profit growth is well above the goal. Operating profit per share has grown as a result of higher revenue and cost control, which explains the increase in the first quarter of 2025/2026. Including the patent settlement, growth was 152.7% over the last five years. 2 The line in the diagram shows the outcomes for growth over five-year periods. High level of customer satisfaction High level of quality and product safety Dedicated employees who are satisfied, feel a sense of well-being, are developing as individuals, and do their best to meet or exceed customer expectations 19.3% 115.3% 54.5% Excluding patent settlement Including patent settlement Goal Outcome of operational targets ===== SIDA 4 ===== Sectra’s three-month interim report 2025/2026 4 (27) EVENTS First quarter Imaging IT Solutions  The use of Sectra’s services for enterprise imaging is growing in the US through new prestigious customers, add- on sales and customers converting from traditional system solutions to Sectra One. One of these new customers is a leading medical center that has chosen Sectra One Cloud to improve efficiency and collaboration in its radiology, mammography, cardiology and orthopaedics departments. The contract extends for five years, with a contracted order value of USD 21 million, corresponding to approximately SEK 206 million, of which approximately SEK 196 million is guaranteed order bookings. The orders during the quarter also included an expanded collaboration with one of the country’s largest regional healthcare providers, which previously ordered Sectra One Cloud modules for radiology and ophthalmology and has now also chosen to use the digital pathology module.  Sectra secured several new customers in Canada, including a multiyear agreement with ENHANCE Ontario, whose partner organizations plan to consolidate their imaging across 13 hospital sites using Sectra’s services.  Several customers signed agreements to use Sectra Amplifier Services, Sectra’s AI service for better patient care and more efficient workflows, including the Canadian hospital system William Osler Health System and the German medical center Universitätsmedizin Göttingen.  Sectra has received a number of cybersecurity certifications, which are increasingly being required for healthcare providers to use Sectra’s medical products. The certifications include Texas Ramp in the US and Cloud Computing Compliance Criteria Catalogue (C5) in Germany, where Sectra became one of the first medical IT providers to obtain a so-called C5 certificate.  Three university hospitals from a large region in France signed contracts for Sectra’s digital pathology solution. By adopting a digital workflow, the hospitals can strengthen their collaboration and thus further enhance cancer diagnostics in the region. After the end of the reporting period  No events of significant importance for the assessment of Sectra’s financial position and earnings took place between the balance-sheet date and the publication date of this interim report. International healthcare provider goes live with Sectra One Cloud in the UK A private healthcare provider delivering medical imaging services at more than 20 hospitals and clinics in the UK went live with Sectra One Cloud during the first quarter. With our services and our scalable enterprise imaging solution operated in a public cloud, we are helping the customer modernize and streamline the management of nearly 500,000 exams per year within radiology and mammography. The first sites went live in mid-June 2025, and within two weeks all sites were using Sectra’s services. The healthcare pr ovider’s organization has previously deployed Sectra’s solutions at some of its clinics in the US. ===== SIDA 5 ===== Sectra’s three-month interim report 2025/2026 5 (27) 0 2 000 4 000 6 000 8 000 10 000 0 1 000 2 000 3 000 4 000 5 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 Quarter R12 COMMENTS ON THE GROUP’S FINANCIAL OUTCOME Sectra plays a key role in meeting the need for medical imaging IT and cybersecurity. We help solve major social problems in changing markets, where scope for expansion remains. The global trends of an aging population and increased digitization mean that these markets are expected to continue to grow regardless of the economic climate. Information about the company’s markets can be found in Sectra’s latest Annual Report and Sustainability Report. Order bookings Contracted order bookings for the quarter rose 112.9% to SEK 1,309.5 million (615.0). The year-on-year increase was primarily attributable to the operations in the US and Canada. A total of SEK 1,192.3 million (543.1) was guaranteed order bookings. The ratio of contracted order bookings to net sales for the latest rolling 12-month period totaled 2.9, compared with 2.7 at the end of the previous fiscal year. Order bookings often include comprehensive, long-term customer contracts. These are not signed every quarter and can lead to signi- ficant variations in order bookings between individual quarters and periods. Net sales and recurring revenue The Group’s net sales rose 5.8% to SEK 765.9 million (723.8). Based on unadjusted exchange rates, consolidated sales increased 12.1% year-on-year. The ongoing transition to selling products and software as services, of which cloud deliveries account for a quickly growing share, contributed to an increase in recurring revenue. Recurring revenue accounted for SEK 549.2 million (482.3) of sales. This represents an increase of 13.9% and an increase of 20.8% based on unadjusted exchange rates. Lost recurring revenue (recurring revenue churn) for the last 12-month period was 0.7%. Cloud recurring revenue (CRR) increased 46.1% to SEK 179.4 million (122.8). Non-recurring revenue decreased 10.3% to SEK 216.7 million (241.5) due to the ongoing transition to service deliveries. All operating areas contributed to the Group’s sales growth. In geographic terms, the operations in the US and Sweden reported the single largest year-on-year sales increases. More than 70% of the Group’s sales are carried out in foreign currency, primarily EUR, GBP and USD, which entails a relatively large sensitivity to currency fluctuations. Contracted order bookings, SEK million Total Increase Decrease Sales trend per geographic market, SEK million Compared with the corresponding period of the preceding fiscal year Sales trend per operating area, SEK million Compared with the corresponding period of the preceding fiscal year ===== SIDA 6 ===== Sectra’s three-month interim report 2025/2026 6 (27) Revenue (per quarter) and sales (R12), SEK million Sales (R 12) by geographic market, SEK million 0 200 400 600 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 Patent settlement Quarter excl. patent settlement R12 excl. patent settlement R12 incl. patent settlement 0 200 400 600 800 1 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 US Rest of Europe Sweden UK Rest of World 0 500 1 000 1 500 2 000 2 500 3 000 3 500 0 200 400 600 800 1 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 Other recuring revenue Cloud recurring revenue Non-recurring revenue Sales Result The Group’s operating profit increased 19.0% to SEK 118.8 million (99.8). Based on unadjus ted exchange rates, the year-on-year increase was 35.9%. All operating areas reported higher operating profit than in the comparative quarter. The Group’s operating margin amounted to 15.5% (13.8). The outcome includes SEK 36.1 million (12.5) in costs for share-based incentive programs. The increase was partly attributable to the start of a new program after the comparative quarter and partly to the share price trend. The Group’s financial items amounted to SEK 11.5 million (1.4). Currency fluctuations had an impact of SEK 5.3 million (-1.7) on the Group’s financial items. Sectra does not hedge its operations, and currency fluctuations therefore have an immediate impact on profit or loss or on comprehensive income. Profit after financial items amounted to SEK 130.3 million (101.3) . This outcome corresponds to a profit margin of 17.0% (14.0) . Earnings per share before and after dilution totaled SEK 0.53 (0.42). Operating profit trend per operating area, SEK million Compared with the corresponding period of the preceding fiscal year. Total Increase Decrease Operating profit for the Group, SEK million ===== SIDA 7 ===== Sectra’s three-month interim report 2025/2026 7 (27) Cash flow from operations for the Group, SEK million -200 0 200 400 600 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 -100 -50 0 50 100 150 200 250 -20 -10 0 10 20 30 40 50 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 Capitalization, quarter Depreciation/amortization, quarter Carrying amount at end of period Financial position and cash flow The Group’s cash and cash equivalents at the end of the reporting period amounted to SEK 1,426.5 million (699.4). The Group’s debt/equity ratio was 0.05 (0.03) as of the balance-sheet date. Interest-bearing lease liabilities amounted to SEK 96.7 million (45.9). The change was due to the fact that several new leases were signed during the preceding fiscal year as a result of Sectra’s growth. Cash flow from operations amounted to SEK 118.1 million (-56.7). The change was primarily the result of a decrease in capital tied up in current receivables. Cash flow per share amounted to SEK 0.61 (-0.29). Cash flow from investing activities amounted to SEK -31.2 million (-43.1). Refer to the additional information about investments below. The Group’s total cash flow for the period amounted to SEK 80.6 million (-104.1). Investments and depreciation/amortization Investments amounted to SEK 31.2 million (43.1). Capitalized work for own use amounted to SEK 23.0 million (12.9). Capitalization includes the development of cloud-based services for medical diagnostics. Total depreciation/amortization amounted to SEK 27.6 million (26.1). Of the total depreciation/amortization for the quarter, SEK 12.7 million (11.0) was attributable to capitalized development expenditures. At the end of the period, capitalized development expenditures totaled SEK 243.0 million (204.7). Seasonal variations Sectra has historically experienced major seasonal variations, since individual projects can be very large relative to Sectra’s sales. This applies for both medical systems and encryption systems. The beginning of the fiscal year is usually weaker since few customers want to deploy new systems during the summer. The variations in order volumes between individual quarters are significant since certain contracts are very large and have long terms. As Sectra transitions to selling products as a service, this variation is expected to gradually decrease over the next several years since revenue will be spread more evenly over time. On the other hand, individual orders are sometimes very large, leading instead to a larger variation in order bookings than before. Bearing this in mind, it remains important to look more at long-term trends rather than at the outcome for an individual quarter when assessing Sectra’s performance. Capitalized development expenditures, SEK million Read Sectra’s 2024/2025 Annual Report and Sustainability Report https://investor.sectra.com/annual-reports ===== SIDA 8 ===== Sectra’s three-month interim report 2025/2026 8 (27) 0 500 1 000 1 500 2 000 2 500 3 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 OPERATING AREA IMAGING IT SOLUTIONS Quarter 12 months Q1 Q1 Δ R12 Full-year Δ 25/26 24/25 % 25/26 24/25 % Sales, SEK million 665.0 639.9 3.9 2,823.1 2,798.0 0.9 of which external recurring revenue 513.3 448.9 14.3 1,989.2 1,924.8 3.3 of which cloud recurring revenue 174.7 117.6 48.6 628.6 571.5 10.0 Operating profit, SEK million 113.7 95.0 19.7 586.3 567.6 3.3 Operating margin, % 17.1 14.8 n/a 20.8 20.3 n/a Imaging IT Solutions noted sales growth and a year-on-year increase in operating profit. Recurring revenue grew, primarily due to customers’ increased use of Sectra’s cloud-based services for medical imaging. Non- recurring revenue was lower than in the comparative quarter, mainly as a result of customers purchasing servi ces instead of traditional software licenses. Profitability was impacted by ongoing initiatives, the most extensive of which was the transition to becoming a service provider. Currency also had a negative impact on outcomes. While these factors had dampening effects on the financial outcome, they have thus far been offset by the strong underlying growth of the operations. Numerous new customers will go live during the fiscal year and in the coming years. Work to prepare for the deliver ies is ongoing, and none of the largest customers are in full production yet. Revenue is growing as customers put the systems into operation, but it could take several years for major customers to become fully operational and reach planned volumes. One of those new, major customers is MSSS Québec in Canada. The client has been dealing with a legal challenge regarding the award of the contract. The challenge has now been closed and no longer poses a risk to the project. During the first quarter, Sectra signed additional contracts with prestigious customers, mainly in the US and Canada but also in other parts of the world. Order bookings include agreements with new customers, add-on orders and contracts with existing customers who have chosen to convert from Sectra’s traditional system solutions to Sectra One. Trend, SEK million Sales, R12 Operating profit, R12 Cloud Recurring Revenue y-o-y +49 % ===== SIDA 9 ===== Sectra’s three-month interim report 2025/2026 9 (27) 0 100 200 300 400 500 600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 OPERATING AREA BUSINESS INNOVATION Quarter 12 months Q1 Q1 Δ R12 Full-year Δ 25/26 24/25 % 25/26 24/25 % Sales, SEK million 22.2 17.6 26.1 95.4 90.8 5.1 of which external recurring revenue 5.4 5.8 -6.9 22.8 23.2 -1.7 of which cloud recurring revenue 4.7 5.2 -9.6 19.1 19.5 -2.1 Operating profit/loss, SEK million 1.6 -0.3 633.3 11.8 9.9 19.2 Operating margin, % 7. 2 neg n/a 12.4 10.9 n/a Business Innovation comprises the Genomics IT, Medical Education and Orthopaedics business units. We also report the expenses for medical research activities in Business Innovation, which includes initiatives in the field of AI for medical applications. Sectra’s research activities linked to secure communications are organized and reported in the Secure Communications operating area. While the segment’s recurring revenue was lower than in the comparative quarter, this was offset by higher non-recurring revenue in both the Medical Education and the Orthopaedics units. However, the results may vary significantly between quarters and periods. In the long term, subscription- based business models and growing volumes are expected to reduce quarterly variations. Trend, SEK million Sales, R12 Operating profit, R12 Research could help healthcare manage growing volumes of genomics data Genetic information is increasingly being used, particularly in cancer care. Managing the dramatic increase in genomics data for medical diagnostics poses a major challenge. New methods are therefore needed to provide patients with better and more customized diagnostics and treatment. As part of a doctoral project, Emilia Ståhlbom is develop ing new types of visualization concepts that bring together differ ent types of data. Emilia is an industrial PhD student at the Department of Media and Information Technology at Linköping University and a Sectra employee. “We are trying to combine as much information as possible in a single visualization. This provi des a faster overview of large volumes of data and makes it possible to more efficiently find relevant information and more mutations that may be important to the patient’s treatment,” says Emilia Ståhlbom. The vision for the research project is to create a detailed picture of the patient’s disease and handle even larger amounts of data, making DNA sequencing a routine part of healthcare and allowing more patients to receive more personalized care. ===== SIDA 10 ===== Sectra’s three-month interim report 2025/2026 10 (27) -100 0 100 200 300 400 500 600 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/24 24/25 25/26 OPERATING AREA SECURE COMMUNICATIONS Quarter 12 months Q1 Q1 Δ R12 Full-year Δ 25/26 24/25 % 25/26 24/25 % Sales, SEK million 92.8 77.5 19.7 422.2 407.0 3.7 of which external recurring revenue 30.5 27.3 11.7 122.0 118.7 2.8 Operating profit 1, SEK million 10.8 10.1 6.9 174.9 174.2 0.4 excl. patent settlement, SEK million 10.8 10.1 6.9 64.9 64.2 1.1 Operating margin 1, % 11.6 13.0 n/a 41.4 42.8 n/a excl. patent settlement, % 11.6 13.0 n/a 15.4 15.8 n/a 1 The outcomes for the full year and R12 include a patent settlement that had a positive impact of SEK 110 million on operating profit. The business transaction was a nonrecurring item and was recognized in its entirety during the third quarter of 2024/2025. Secure Communications noted sales growth and increased operating profit. This growth was driven by Sectra’s ability to help customers protect their communications and critical infrastructure, which has led to growing volumes of product deliveries and development assignments. The outcome varies considerably between quarters, which is natural given the nature of the operations. The financial development was temporarily hampered by the fact that an ongoing development assignment in a major customer project was extended at the end of the previous fiscal y ear. While it is positive that the project was extended, this also means that the contracted serial deliveries that should have started at the end of the last fiscal year have been postponed until the end of 2025/2026. The unstable global security situation is continuing to fuel the need for investments in high assurance products, encryption development and cybersecurity. Sectra is well positioned to respond to the needs of the market, with offerings that meet customers’ stringent demands. During the first quarter, some customers extended their existing contracts to ensure access to Sectra's products and services for secure communications as well as security monitoring of critical infrastructure. Sales, R12 Operating profit excl. patent settlement, R12 Operating profit incl. patent settlement, R12 Trend, SEK million Sectra Tiger/S ensured secure communications during NATO summit During the quarter, Sectra’s NATO-approved communication solution played a key role when the leaders of the NATO countries gathered in The Hague to discuss the serious security situation and the need for increased defense investment. The Dutch authorities in charge of hosting chose to use Sectra’s services for secure communication before and during the summit. Sectra’s NATO- approved encryption solutions enabled efficient and secure collaboration between authorities, including ministries, security services and the police. The assignment highlights how Sectra’s innovations are used to strengthen international security and protect sensitive information. ===== SIDA 11 ===== Sectra’s three-month interim report 2025/2026 11 (27) OTHER OPERATIONS Quarter 12 months Q1 Q1 Δ R12 Full-year Δ 25/26 24/25 % 25/26 24/25 % Sales, SEK million 67.9 47.3 43.6 237.5 216.9 9.5 Operating loss, SEK million -9.1 -9.1 0.0 -37.2 -37.2 0.0 Operating margin, % neg neg n/a neg neg n/a Other Operations pertain to Sectra’s joint functions for admi nistration, recruitment, Group finance, IT, regulatory affairs, pe ople and brand, and activities related to investors. This segment also includes property management. The change from the comparative period mainly pertained to increased central management of costs distributed across the organization. PARENT COMPANY The Parent Company’s income statement and balance sheet are reported on page 16. The Parent Company Sectra AB includes the research department for medical imaging IT, the Genomics IT business unit and the head office’s joint functions (see Other Operations above). 2025 AGM AND PROPOSED DIVIDEND 2025 AGM The AGM will be held on September 9, 2025 in Linköping. Visit the event page https://investor.sectra.com/agm2025 for information on the proposals of the Board and the Nomina tion Committee as well as the documentation for the AGM. Proposed dividend For the 2024/2025 fiscal year, the Board and CEO have proposed that the AGM resolve on an ordinary dividend of SEK 1.10 per share and an extraordinary dividend of SEK 1.00 per share, considering the year’s strong cash flow and Sectra’s financial position. The proposed record date for receivi ng dividends is September 11, 2025. If the AGM resolves in accordance with the Board’s proposal, payment is expected to take place on September 16, 2025. The corresponding distribution to the shareholders in the preceding year was SEK 1.10 per share and was issued through a redemption program, a method that can no longer be used. The proposal was announced in Sectra’s year-end report published on June 5, 2025. THE SHARE Share capital and number of shares Sectra’s share capital on the balance-sheet date totaled SEK 39,024,179, distributed between 195,120,895 shares and 313,052,035 votes. The number of shares is distributed between 13,103,460 Class A shares and 182,017,435 Class B shares. Sectra’s holding of treasury shares at the end of the period amounted to 2,453,406 Class B shares, corresponding to 1.3% of the share capital and 0.8% of the voting rights in the company. For more information, refer to Note 3. Authorization The Board of Directors was authorized by the 2024 AGM, during the period until the 2025 AGM, to decide on new share issues of a maximum of 18,500,000 Class B shares and to decide on the acqui sition and divestment of the company’s treasury shares, with the condition that the Company’s holding of treasury shares at no point exceeds 10% of all the shares in the Company. The complete authorization is presented in the minutes from the AGM: https://investor.com/agm2024. At the time of publication of this financial report, the Board had not utilized these authorizations. RISKS AND UNCERTAINTIES Through its operations, Sectra is exposed to such business risk s as dependence on major customers and partners, the effect of currency fluctuations on pricing in the markets in which the Group is active, and property and liability risks. Sectra is also exposed to various types of financial risks such as currency, interest-rate, credit and liqui dity risks. A detailed description of the risks and specific external factors as well as Sectra’s strategies and tactics for minimizing risk exposure and limiting adverse effects are provided in the Administration Report in Sectra’s Annual and Sustainability Report for the 2024/2025 fiscal year on pages 68–91 and in Note 30 on pages 119–120. No significant events have occurred that would alter the conditions reported. ===== SIDA 12 ===== Sectra’s three-month interim report 2025/2026 12 (27) FOR FURTHER INFORMATION Contact Sectra’s CEO Torbjörn Kronander, telephone +46 13 23 52 27 or email info.investor@sectra.se. Presentation of the interim report Time: September 4, 2025 at 10:00 a.m. (CEST) Torbjörn Kronander, President and CEO of Sectra AB, and Jessica Holmquist, CFO of Sectra AB, will present the financial report and answer questions. The presentation will be held in English. For information about participating online or to listen to the recording afterwards, visit: https://investor.sectra.com/q1report2526. Financial calendar and AGM Annual General Meeting September 9, 2025 at 3:30 p.m. (CEST) Six-month interim report December 12, 2025 at 8:15 a.m. (CET) Nine-month interim report March 6, 2026 at 8:15 a.m. (CET) Year-end report June 5, 2026 at 8:15 a.m. (CEST) For further information about IR events, visit https://investor.sectra.com/events-and-presentations/ ASSURANCE The Board of Directors and the President of Sectra AB (publ) he reby assure that the interim report from May 1 to July 31, 2025 provides a true and fair view of the Parent Company’s and Gr oup’s operations, financial position and earnings and describes the significant risks and uncertainties facing the Parent Company and other companies in the Group. Linköping, date as indicated by our electronic signature Torbjörn Kronander Jan-Olof Brüer Tomas Puusepp President, CEO and Board member Chairman Board member Ulrika Unell Anders Persson Fredrik Robertsson Board member Board member Board member Birgitta Hagenfeldt Pontus Svärd Andreas Häll Board member Board member and employee re presentative Board member and employee representative This report was not reviewed by the company’s auditor. This information constitutes information that Sectra AB (publ) is obligated to make public pursuant to the EU Market Abuse Regu lation. The information was submitted for publication, through the agency of Sectra’s contact person set out below, at 8:15 a.m. (CEST) on September 4, 2025. Sectra AB (publ), Corporate Registration Number 556064-8304, https://sectra.com, email info@sectra.com ===== SIDA 13 ===== Sectra’s three-month interim report 2025/2026 13 (27) GROUP Condensed consolidated income statements SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Net sales (Note 4) 765,854 723,836 3,281,829 3,239,811 Capitalized work for own use 23,007 12,915 84,185 74,093 Other operating income 1 7,123 2,729 230,750 226,356 Total income 795,984 739,480 3,596,764 3,540,260 Goods for resale -105,193 -103,285 -443,620 -441,712 Personnel costs -420,309 -380,144 -1,638,862 -1,598,697 Other external costs -124,110 -130,088 -659,346 -665,324 Depreciation/amortization and impairment -27,573 -26,148 -112,955 -111,530 Total operating expenses -677,185 -639,665 -2,854,783 -2,817,263 Operating profit 118,799 99,815 741,981 722,997 Total financial items 11,500 1,445 13,339 3,284 Profit after financial items 130,300 101,260 755,320 726,281 Taxes -27,515 -20,859 -169,566 -162,910 Profit for the period 102,785 80,401 585,784 563,371 Profit for the period attributable to: Parent Company owners 102,785 80,401 585,754 563,371 Earnings per share Before dilution, SEK 0.53 0.42 3.04 2.92 After dilution, SEK (Note 3) 0.53 0.42 3.04 2.92 1 The outcome for full-year 2024/2025 include the patent settlement of SEK 195 million. Consolidated statement of comprehensive income SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Profit for the period 102,785 80,401 585,754 563,371 Items that may be reversed in profit or loss Translation differences 9,086 -3,450 -34,991 -47,527 Total other comprehensive income for the period 9,086 -3,450 -34,991 -47,527 Total comprehensive income for the period 111,871 76,951 550,763 515,844 Comprehensive income for the period attributable to: Parent Company owners 111,871 76,951 550,763 515,844 ===== SIDA 14 ===== Sectra’s three-month interim report 2025/2026 14 (27) Condensed consolidated balance sheets SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Assets Intangible assets and goodwill 295,323 263,633 283,063 Tangible assets 219,252 228,015 220,654 Right-of-use assets 115,320 68,539 106,415 Financial assets 245,453 165,157 178,464 Deferred tax assets 9,235 8,630 8,502 Total fixed assets 884,583 733,974 797,098 Accounts receivable 419,717 566,537 572,036 Other current assets 110,686 43,769 106,492 Prepaid expenses and accrued income 916,414 1,128,297 938,732 Cash and bank balances 1,426,469 699,355 1,341,871 Total current assets 2,873,286 2,437,958 2,959,131 Total assets 3,757,869 3,171,932 3,756,229 Equity and liabilities Equity 2,046,764 1,654,220 1,916,825 Deferred tax liabilities 4,397 6,721 4,063 Provisions 84,377 33,729 58,318 Non-current lease liabilities 72,445 32,812 63,840 Other long-term liabilities 12,178 – 11,733 Total long-term liabilities 173,397 73,262 137,954 Provisions 6,653 3,364 5,619 Current lease liabilities 24,301 13,072 23,617 Other current liabilities 216,081 164,303 263,267 Accrued expenses and deferred income 1,290,673 1,263,711 1,408,947 Total current liabilities 1,537,708 1,444,450 1,701,450 Total equity and liabilities 3,757,869 3,171,932 3,756,229 ===== SIDA 15 ===== Sectra’s three-month interim report 2025/2026 15 (27) Consolidated cash-flow statements SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 Full-year May–Apr 2024/2025 Operating activities Operating profit 118,799 99,815 722,997 Adjustment for non-cash items 74,309 47,491 179,581 Interest received 7,562 3,731 31,403 Interest paid -1,340 -561 -4,308 Income tax paid -60,250 -70,199 -171,703 Cash flow from operations before changes in working capital 139,080 80,277 757,970 Changes in working capital Change in inventories -6,683 -11,412 -1,108 Change in receivables 139,547 -28,435 -16,367 Change in current liabilities -153,806 -97,146 181,869 Cash flow from operations 118,138 -56,716 922,364 Investing activities Acquisitions of intangible assets -24,482 -12,914 -75,237 Acquisitions of tangible assets -6,746 -30,169 -34,755 Acquisition of financial assets – – -3,872 Cash flow from investing activities -31,228 -43,083 -113,864 Financing activities Repayment of lease liabilities -6,292 -4,336 -39,950 Redemption of shares – – -211,935 Cash flow from financing activities -6,292 -4,336 -251,885 Cash flow for the period 80,618 -104,135 556,615 Cash and cash equivalents, opening balance 1,341,871 804,640 804,640 Exchange-rate difference in cash and cash equivalents 3,980 -1,150 -19,384 Cash and cash equivalents, closing balance 1,426,469 699,355 1,341,871 Condensed consolidated statement of changes in equity SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 Full-year May–Apr 2024/2025 Equity at start of period 1,916,825 1,569,591 1,569,591 Comprehensive income for the period 111,871 76,951 515,844 Dividend/redemption of shares – – -211,935 Share-based payments 18,068 7,678 43,325 Equity at end of period 2,046,764 1,654,220 1,916,825 ===== SIDA 16 ===== Sectra’s three-month interim report 2025/2026 16 (27) PARENT COMPANY Condensed Parent Company income statements SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Net sales 69,089 47,356 244,915 223,182 Capitalized work for own use 0 1,221 1,596 2,817 Other operating income 2,456 17 9,244 6,805 Total income 71,545 48,594 255,755 232,804 Goods for resale -22,814 -10,577 -67,854 -55,617 Personnel costs -20,284 -17,595 -85,972 -83,283 Other external costs -40,166 -31,986 -150,466 -142,286 Depreciation/amortization -1,057 -446 -2,426 -1,815 Total operating expenses -84,321 -60,604 -306,718 -283,001 Operating loss -12,776 -12,010 -50,963 -50,197 Total financial items 6,542 1,471 101,050 95,979 Profit/loss after financial items -6,234 -10,539 50,087 45,782 Appropriations – – 542,000 542,000 Profit/loss before tax -6,234 -10,539 592,087 587,782 Tax on earnings for the period – – -104,356 -104,356 Profit/loss for the period -6,234 -10,539 487,731 483,427 Parent Company statement of comprehensive income SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Profit/loss for the period -6,234 -10,539 487,731 483,427 Total comprehensive income for the period -6,234 -10,539 487,731 483,427 Condensed Parent Company balance sheets SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Assets Intangible assets 11,400 10,405 12,000 Tangible assets 6,799 7,240 6,975 Financial assets 322,357 375,074 330,409 Total fixed assets 340,556 392,719 349,384 Accounts receivable 2,997 945 9,190 Receivables from Group companies 704,511 856,651 1,113,990 Other current assets 38,403 23,647 41,474 Cash and bank balances 1,239,853 569,805 1,145,466 Total current assets 1,985,764 1,451,048 2,310,120 Total assets 2,326,320 1,843,767 2,659,504 Equity and liabilities Restricted equity 276,880 275,684 277,480 Unrestricted equity 1,105,380 777,416 1,093,723 Total equity 1,382,260 1,053,100 1,371,203 Provisions 7,128 3,069 6,327 Current liabilities 936,932 787,598 1,281,974 Total equity and liabilities 2,326,320 1,843,767 2,659,504 ===== SIDA 17 ===== Sectra’s three-month interim report 2025/2026 17 (27) NOTES Note 1 Accounting policies This interim report has been prepared in accordance with IAS 34 Interim Financial Reporting, the Swedish Annual Accounts Act and the Swedish Securities Markets Act. The accounting polic ies and calculation methods applied are cons istent with those described in Sectra’s 2024/2025 Annual and Sustainability Report. Note 2 Related-party transactions Other than the types of transactions presented in Note 3 Em ployees and personnel costs in the 2024/2025 Annual Report, no signi ficant transactions with related parties took place in the reporting period. Note 3 Number of shares No. of common shares 1, 2 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 At the end of the period 192,667,489 192,667,489 192,667,489 192,667,489 Average 192,667,489 192,667,489 192,667,489 192,667,489 1 Before and after dilution. 2 Number of shares does not include the 2, 453,406 (1,453,406) Class B treasury shares. Note 4 Operating segments and sales Operating profit/loss by business segment SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Imaging IT Solutions 113.7 95.0 586.3 567.6 Secure Communications 10.8 10.1 174.9 174.2 Business Innovation 1.6 -0.3 11.8 9.9 Other Operations -9.1 -9.1 -37.2 -37.2 Group eliminations 1.8 4.1 6.2 8.5 Total 118.8 99.8 742.0 723.0 SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 United States 210.4 179.0 930.9 899.5 Sweden 152.0 132.9 647.0 627.9 United Kingdom 155.1 156.7 611.9 613.5 Rest of Europe 186.2 187.2 826.8 827.8 Rest of World 62.2 68.0 265.2 271.1 Total 765.9 723.8 3,281.8 3,239.8 Sales by business segment SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Imaging IT Solutions 665.0 639.9 2,823.1 2,798.0 Secure Communications 92.8 77.5 422.2 407.0 Business Innovation 22.2 17.6 95.4 90.8 Other Operations 67.9 47.3 237.5 216.9 Group eliminations -82.0 -58.5 -296.4 -272.9 Total 765.9 723.8 3,281.8 3,239.8 Sales by geographic market ===== SIDA 18 ===== Sectra’s three-month interim report 2025/2026 18 (27) Recurring and non-recurring external revenue by business segment Group SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Recurring revenue 549.2 482.3 2,134.2 2,067.4 Of which cloud recurring revenue, CRR 179.4 122.8 647.7 591.1 Non-recurring revenue 216.7 241.5 1,147.6 1,172.4 Total 765.9 723.8 3,281.8 3,239.8 Share of recurring revenue, % 71.7 66.6 65.0 63.8 Imaging IT Solutions SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Recurring revenue 513.3 448.9 1,989.2 1,924.8 Of which cloud recurring revenue, CRR 174.7 117.6 628.6 571.5 Non-recurring revenue 151.9 190.1 829.7 867.9 Total 665.2 639.0 2,818.9 2,792.7 Share of recurring revenue, % 77.2 70.3 70.6 68.9 Secure Communications SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Recurring revenue 30.5 27.3 122.0 118.7 Of which cloud recurring revenue, CRR – – – – Non-recurring revenue 62.3 50.1 299.8 287.7 Total 92.8 77.4 421.8 406.4 Share of recurring revenue, % 32.9 35.3 28.9 29.2 Business Innovation SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Recurring revenue 5.4 5.8 22.8 23.2 Of which cloud recurring revenue, CRR 4.7 5.2 19.1 19.5 Non-recurring revenue 2.5 1.2 18.1 16.8 Total 7.9 7.0 40.9 40.0 Share of recurring revenue, % 68.4 82.9 55.7 58.0 Other Operations SEK million 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Recurring revenue 0.0 0.3 0.4 0.7 Of which cloud recurring revenue, CRR – – – – Non-recurring revenue 0.0 0.2 0.0 0.0 Total 0.0 0.5 0.4 0.7 Share of recurring revenue, % 100.0 60.0 100.0 100.0 ===== SIDA 19 ===== Sectra’s three-month interim report 2025/2026 19 (27) Note 5 Financial definitions and alternative performance measures The Group applies the European Securities and Markets Authority (ESMA) Guidelines on Alternative Performance Measures. Alternative performance measures are applied since the company believes they provide valuable supplementary information for management and investors given that they play a central role when it comes to understanding and evaluating the Group’s operations. Share of recurring revenue Purpose Shows the portion of external sales that is recurring. Recurri ng revenue refers to revenue from customers for the provision of a good or service during the term of a contract, wherein the customer cannot continue to benefit from the full functionality of the good or service without ongoing payments and the revenue stream is expected to recur for more than 12 months. Recurring revenue mainly refers to revenue from subscription, support and maintenance agreements. The share delivered via the c loud is reported as cloud recurring revenue (CRR). Revenue from system im plementations, migration and one-time purchases of licenses ar e not recognized as recurring revenue. Calculation Recurring revenue divided by total external sales. Refer to Note 4. Recurring revenue churn SEK thousand 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Recurring revenue from customer contracts that have concluded or not been renewed 14,410 12,972 Recurring revenue 2,134,214 2,067,354 Recurring revenue churn, % 0.7 0.6 Purpose Calculation Indicates the share of recurring revenue from customer contracts that have concluded or not been renewed during the latest rolling 12-month period. Recurring revenue from customer contracts that have concluded or not been renewed divided by total recurring revenue. Equity per share before and after dilution Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Equity, SEK thousand 2,046,764 1,654,220 1,916,825 Number of shares before and after dilution at the end of the period 192,667,489 192,667,489 192,667,489 Equity per share before and after dilution, SEK 10.62 8.59 9.95 Purpose Calculation Measures the company’s net value per share and shows the change in shareholder capital per share over time. Equity divided by the number of shares before and after dilution at the end of the period. Non-interest-bearing liabilities and interest-bearing liabilities SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Non-interest-bearing liabilities 1,602,181 1,471,828 1,740,213 Interest-bearing liabilities 108,924 45,884 99,190 Total liabilities 1,711,105 1,517,712 1,839,403 Purpose Calculation Indicates the proportion of the Company’s liabilities with and without interest. Included in the calculation of the debt/equity ratio and capital employed. Non-interest-bearing liabilities refers to liabilities without interest, such as accounts payable, advances from customers and tax liabilities. Interest- bearing liabilities refers to liabilities with interest, such as lease liabilities. ===== SIDA 20 ===== Sectra’s three-month interim report 2025/2026 20 (27) Cash flow per share before and after dilution 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Cash flow from operations, SEK thousand 118,138 -56,716 1,097,218 922,364 Number of shares before and after dilution at the end of the period 192,667,489 192,667,489 192,667,489 192,667,489 Cash flow per share before and after dilution, SEK 0.61 -0.29 5.69 4.79 Purpose Calculation Shows the cash flow the company generated per share before capital investments and financing. Cash flow from operations divided by the number of shares before and after dilution at the end of the period. Ratio of contracted order bookings to net sales SEK thousand 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Contracted order bookings 9,400,633 8,706,063 Net sales 3,281,829 3,239,811 Ratio of contracted order bookings to net sales 2.86 2.69 Purpose Calculation Provides an indication of demand for the company’s products and services. Contracted order bookings divided by net sales. Liquidity SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Current assets 2,873,286 2,437,958 2,959,131 Unutilized overdraft facilities 15,000 15,000 15,000 Current liabilities 1,537,708 1,444,450 1,701,450 Liquidity 1.9 1.7 1.7 Purpose Calculation Shows the company’s current ability to pay. Current assets plus unutilized overdraft facility divided by current liabilities. Average no. of employees Purpose Calculation Shows full-time positions in a certain period. Average number of full-time employees during the period. Unadjusted exchange rates – sales 3 months May–Jul 2025 3 months May–Jul 2024 Full-year May–Apr 2024/2025 Nominal change, % 5.8 24.0 9.3 Exchange-rate effect, % 6.3 0.7 0.9 Change in unadjusted exchange rates, % 12.1 24.7 10.2 Purpose Calculation Provides an indication of changes in financial measures for unadjusted exchange rates. Amounts for the current year restated at last year’s average exchange rates less last year’s amounts at last year’s average exchange rates, divided by last year’s amounts at last year’s rates. ===== SIDA 21 ===== Sectra’s three-month interim report 2025/2026 21 (27) Unadjusted exchange rates – operating profit 3 months May–Jul 2025 3 months May–Jul 2024 Full-year May–Apr 2024/2025 Nominal change, % 19.0 44.0 39.6 Exchange-rate effect, % 16.9 1.8 1.9 Change in unadjusted exchange rates, % 35.9 45.8 41.5 Purpose Calculation Provides an indication of changes in financial measures for unadjusted exchange rates. Disclosures and adjustments of the effects of non-recurring transactions in operating profit and operating margin are made separately. When applicable, information about such transactions is provided on page 1. Amounts for the current year restated at last year’s average exchange rates less last year’s amounts at last year’s average exchange rates, divided by last year’s amounts at last year’s rates. Unadjusted exchange rates – recurring revenue 3 months May–Jul 2025 3 months May–Jul 2024 Full-year May–Apr 2024/2025 Nominal change, % 13.9 21.4 19.9 Exchange-rate effect, % 6.9 0.6 0.8 Change in unadjusted exchange rates, % 20.8 22.0 20.7 Purpose Calculation Provides an indication of changes in financial measures for unadjusted exchange rates. Amounts for the current year restated at last year’s average exchange rates less last year’s amounts at last year’s average exchange rates, divided by last year’s amounts at last year’s rates. Order bookings – guaranteed Purpose Calculation Indicates future revenue in the company. The share of contracted order bookings that corresponds to what the customer has undertaken to purchase when the contract is entered into. Order bookings – contracted Purpose Calculation Indicates future revenue in the company. The value of orde rs received that corresponds to what the customer has procured and intends to purchase during the term of the contract. P/E ratio SEK 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Share price at end of period 363.0 296.60 Earnings per share for the rolling 12-month period 3.04 2.92 P/E ratio, multiple 119.4 101.6 Purpose Calculation Shows how the market values the company’s profits and how long it may take for the shareholders to get a return on an investment in the share. Share price at the end of the period divided by earnings per share for the most recent rolling 12-month period before dilution. ===== SIDA 22 ===== Sectra’s three-month interim report 2025/2026 22 (27) Earnings per share before and after dilution 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Profit for the period, SEK thousand 102,785 80,401 585,754 563,371 Average number of shares before and after dilution 192,667,489 192,667,489 192,667,489 192,667,489 Earnings per share before and after dilution, SEK 0.53 0.42 3.04 2.92 Purpose Calculation Shows each share’s participation in the company’s earnings during the reporting period. Profit/loss after tax divided by the average number of shares before or after dilution. This performance measure is defined in accordance with IFRS. Return on equity SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Profit for the period 102,785 80,401 585,754 563,371 Equity at start of period 1,916,825 1,569,591 1,654,220 1,569,591 Equity at end of period 2,046,764 1,654,220 2,046,764 1,916,825 Average equity 1,981,795 1,611,906 1,850,492 1,743,208 Return on equity, % 5.2 5.0 31.7 32.3 Purpose Calculation Shows the return on capital attributable to the Parent Company owners. Profit for the period divided by average equity. Return on capital employed (ROCE) SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Profit after financial items 130,300 101,260 755,320 726,281 Financial expenses -1,340 -561 -5,087 -4,308 Average capital employed 2,085,852 1,650,742 1,927,896 1,808,698 Return on capital employed, % 6.3 6.2 39.4 40.4 Purpose Calculation Shows profitability based on how much capital is used in the operations. Profit after financial items plus financial expenses divided by average capital employed. Operating margin SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Operating profit 118,799 99,815 741,981 722,997 Net sales 765,854 723,836 3,281,829 3,239,811 Operating margin, % 15.5 13.8 22.6 22.3 Purpose Calculation Measures operational profitability. This measure is used for the purpose of management by objectives in the operations. Disclosures and adjustments of the effects of non-recurring transactions in operating profit and operating margin are made separately. When applicable, information about such transactions is provided on page 1. Operating profit divided by net sales. ===== SIDA 23 ===== Sectra’s three-month interim report 2025/2026 23 (27) Operating profit per share 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Operating profit, SEK thousand 741,981 722,997 Number of shares before dilution 192,667,489 192,667,489 Operating profit per share, SEK 3.85 3.75 Purpose Calculation Shows earnings per share before interest and taxes. Disclosures and adjustments of the effects of non-recurring transactions in operating profit are made separately. When applicable, information about such transactions is provided on page 1. Operating profit divided by the number of shares before dilution on the balance-sheet date. Debt/equity ratio SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Interest-bearing liabilities 108,924 45,884 99,190 Equity 2,046,764 1,654,220 1,916,825 Debt/equity ratio 0.05 0.03 0.05 Purpose Calculation Shows to what extent the operations are financed by loans and describes the company’s financial risk. Interest-bearing liabilities divided by equity. Equity/assets ratio SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Equity 2,046,764 1,654,220 1,916,825 Total assets 3,757,869 3,171,932 3,756,229 Equity/assets ratio, % 54.5 52.2 51.0 Purpose Calculation Shows the portion of assets financed with equity. This measure is used for the purpose of management by objectives in the operations. Equity divided by total assets on the balance-sheet date. Capital employed SEK thousand Jul 31, 2025 Jul 31, 2024 Apr 30, 2025 Total assets 3,757,869 3,171,932 3,756,229 Non-interest-bearing liabilities 1,602,181 1,471,828 1,740,213 Capital employed 2,155,688 1,700,104 2,016,016 Purpose Calculation Shows the portion of the company’s assets that has been borrowed from, for example, the company’s owners or external lenders, and shows the company’s profitability in relation to externally financed capital and equity. Total assets reduced by non-interest-bearing liabilities. ===== SIDA 24 ===== Sectra’s three-month interim report 2025/2026 24 (27) Growth in operating profit per share over a five-year period SEK 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Operating profit per share before dilution 3,851 3,752 Operating profit per share before dilution five years earlier 1,524 1,534 Growth in operating profit per share before dilution over a five-year period, % 152.7 144.6 Purpose Calculation Shows the growth of the operations over a five-year period. This measure is used for the purpose of management by objectives in the operations. Disclosures and adjustments of the effects of non- recurring transactions in operating profit and operating margin are made separately. When applicable, information about such transactions is provided on page 1. Operating profit per share on the balance-sheet date less operating profit per share on the balance-sheet date five years earlier divided by operating profit per share on the balance-sheet date five years earlier. Profit margin SEK thousand 3 months May–Jul 2025 3 months May–Jul 2024 12 months Aug 2024 –Jul 2025 Full-year May–Apr 2024/2025 Profit after financial items 130,300 101,260 755,320 726,281 Net sales 765,854 723,836 3,281,829 3,239,811 Profit margin, % 17.0 14.0 23.0 22.4 Purpose Calculation Shows a comparison of profitability regardless of corporate tax rate. Profit after financial items divided by net sales. KEY FIGURES AND OTHER INFORMATION Key figures 3 months Jul 31, 2025 3 months Jul 31, 2024 12 months Jul 31, 20253 Full-year Apr 30, 20253 Contracted order bookings, SEK million 1,309.5 615.0 9,400.6 8,706.1 of which guaranteed order bookings, SEK million 1,192.3 543.1 8,302.2 7,653.0 Operating margin, % 15.5 13.8 22.6 22.3 Profit margin, % 3 17.0 14.0 23.0 22.4 Average no. of employees 1,328 1,222 1,275 1,249 Cash flow per share, SEK 1, 2 0.61 -0.29 5.69 4.79 P/E ratio, multiple n/a n/a 119.4 101.6 Share price at end of period, SEK 363.0 243.40 363.0 296.60 Return on equity, % 5.2 5.0 31.7 32.3 Return on capital employed, % 6.3 6.2 39.4 40.4 Equity/assets ratio, % 54.5 52.2 54.5 51.0 Liquidity ratio, multiple 1.9 1.7 1.9 1.7 Equity per share, SEK 2 10.62 8.59 10.62 9.95 1 Cash flow from operations. 2 Before and after dilution. 3 The outcomes for R12 and full-year 2024/2025 include a positive effect from a patent settlement, a non-recurring transaction. ===== SIDA 25 ===== Sectra’s three-month interim report 2025/2026 25 (27) Condensed consolidated income statements by quarter SEK million 2025/2026 2024/2025 2023/2024 Q1 Q4 Q3 1 Q2 Q1 Q4 Q3 Q2 Q1 Net sales 765.9 914.1 848.4 753.5 723.8 898.1 694.0 787.7 583.7 Capitalized work for own use 23.0 18.9 22.9 19.4 12.9 16.3 19.3 17.9 18.0 Other operating income 7.1 14.5 202.6 6.5 2.7 1.3 0.6 2.2 1.3 Operating expenses -649.6 -719.8 -729.9 -642.5 -613.5 -687.0 -614.9 -607.5 -509.2 Depreciation/amortization and impairment -27.6 -28.8 -29.3 -27.3 -26.1 -31.3 -24.7 -23.6 -24.5 Operating profit 118.8 198.9 314.7 109.6 99.8 197.4 74.4 176.7 69.3 Total financial items 11.5 -16.9 17.8 0.9 1.5 14.7 -1.5 13.6 8.2 Profit after financial items 130.3 182.0 332.5 110.5 101.3 212.1 72.9 190.3 77.5 Tax on earnings for the period -27.5 -50.8 -68.5 -22.7 -20.9 -53.6 -15.1 -39.7 -16.0 Profit for the period 102.8 131.2 264.0 87.8 80.4 158.5 57.8 150.6 61.6 1 The outcomes include positive effects from a patent settlement, a non-recurring transaction. Key figures by quarter 2025/2026 2024/2025 2023/2024 Q1 Q4 Q3 2 Q2 Q1 Q4 Q3 Q2 Q1 Contracted order bookings, SEK million 1,309.5 2,900.3 967.6 4,223.1 615.0 896.9 1,853.6 503.0 2,970.0 of which guaranteed order bookings 1,192.3 2,382.1 710.8 4,017.0 543.1 762.3 1,652.5 460.1 344.4 Recurring revenue, SEK million 549.2 574.6 525.8 484.7 482.3 463.5 434.7 429.6 397.2 of which cloud services (CRR) 179.4 184.1 162.8 121.3 122.8 113.8 103.2 93.4 86.4 Operating margin, % 15.5 21.8 37.1 14.5 13.8 22.0 10.7 22.4 11.9 Earnings per share, SEK 1 0.53 0.68 1.37 0.46 0.42 0.82 0.30 0.78 0.32 Cash flow per share, SEK 1 0.61 1.15 3.01 0.91 -0.29 0.69 1.21 0.30 -0.51 Return on equity, % 5.2 7.0 15.8 5.5 5.0 10.7 4.2 11.0 4.6 Return on capital employed, % 6.3 9.4 18.9 6.7 6.2 14.2 5.3 13.5 5.5 Equity/assets ratio, % 54.5 51.0 46.7 48.0 52.2 48.9 49.2 49.8 50.8 Equity per share, SEK 1 10.62 9.95 9.40 7.95 8.59 8.15 7.20 6.96 7.20 Share price at end of period, SEK 363.0 296.6 254.0 283.0 243.4 219.2 195.1 120.6 168.6 1 Before and after dilution. 2 The outcomes include positive effects from a patent settlement, a non-recurring transaction. Five-year summary 2024/2025 2 2023/2024 2022/2023 2021/2022 2020/2021 Contracted order bookings, SEK million 8,706.1 6,223.5 4,635.7 2,320.2 2,651.6 Net sales, SEK million 3,239.8 2,963.6 2,350.8 1,949.1 1,632.4 Operating profit, SEK million 723.0 517.8 455.7 383.4 350.1 Profit after financial items, SEK million 726.3 552.8 479.4 394.5 348.2 Profit for the period, SEK million 563.4 428.4 375.0 314.8 275.5 Operating margin, % 22.3 17.5 19.4 19.7 21.4 Profit margin, % 22.4 18.7 20.4 20.2 21.3 Earnings per share before dilution, SEK 1 2.92 2.22 1.95 1.63 1.43 Earnings per share after dilution, SEK 1 2.92 2.22 1.95 1.63 1.43 Dividend/redemption program per share, SEK 1, 3 2.10 1.10 1.10 1.00 0.90 Share price at end of year, SEK 1 296.60 219.20 161.70 124.80 121.00 P/E ratio, multiple 101.6 98.7 82.9 76.6 84.6 Return on equity, % 32.3 29.9 31.5 31.9 32.2 Return on capital employed, % 40.5 37.3 38.2 37.5 37.4 Equity per share before dilution, SEK 1 9.95 8.15 6.73 5.61 4.65 Equity per share after dilution, SEK 1 9.95 8.15 6.73 5.61 4.65 Equity/assets ratio, % 51.0 48.9 47.4 49.3 54.2 1 Comparative figures per share have been restated due to the 5:1 share split that Sectra carried out in the second quarter of 2021/2022. 2 The outcomes include positive effects from a patent settlement, a non-recurring transaction. 3 The amount for 2024/2025 pertains to the proposal to the AGM and includes an extraordinary dividend of SEK 1.00. ===== SIDA 26 ===== Sectra’s three-month interim report 2025/2026 26 (27) Exchange rates Currency Average rates in SEK Closing rates in SEK 3 months May–Jul 2025 3 months May–Jul 2024 Δ % Jul 31, 2025 Jul 31, 2024 Δ % US dollar, 1 USD 9.54 10.63 -10.3 9.73 10.69 -9.0 Euro, 1 EUR 10.98 11.45 -4.1 11.10 11.56 -4.0 British pound, 1 GBP 12.89 13.54 -4.8 12.89 13.73 -6.1 GLOSSARY DICOM A standard communication protocol used to capture, store and transfer medical images and related data. DNA sequencing A process for determining genetic material, DNA, in a sample. Genomics The study of genetic material, meaning an organism’s DNA. In medicine, a patient’s genetic material is studied to increase understanding of the causes of disease. In cancer diseases, for example, a tumor’s mutations are studied in DNA. The genetic information plays an important role in diagnosing cancer and customizing treatment, known as precision medicine. Cardiology/cardiovascular diseases The field of medicine dealing with the functions and diseases of the heart. Critical infrastructure Basic infrastructure that is essential for the functioning of society, such as roads, bridges and electricity and water supply. Encryption Equipment that uses mathematical manipulations (algorithms and keys) to encrypt information, so that it can be interpreted or read only by the intended recipient. To read encrypted information, the recipient must have the correct key and algorithm. The cloud/cloud solutions From the term cloud computing, meaning delivering services and sharing IT infrastructure over the internet. Ophthalmology A specialist medical area for the diagnosis and treatment of eye disorders. Orthopaedics A surgical specialty for disorders affecting the musculoskeletal system. Pathology/histopathology/microscopy A specialized medical area that uses tissues and body fluids for diagnostic purposes. Precision medicine Providing patient care that is highly adapted to individual conditions. Advanced diagnostic analyses are a cornerstone of precision medicine. Radiology A health science discipline and medical specialty that uses technologies for imaging the human body, such as X-ray, magnetic resonance imaging (MRI) and ultrasound. Sectra One/Sectra One Cloud A subscription for Sectra’s enterprise imaging solution. Under the new model, customers pay a more evenly distributed subscription fee every year instead of paying a higher license fee for software at the start of the contract and a lower rolling service fee. The fee is determined based on the functionality used and the number of different services utilized. When Sectra One is sold as fully cloud-based services, it is referred to as Sectra One Cloud. High assurance/High assurance products Cryptographic methods and other measures designed to prevent unauthorized parties from accessing or influencing information in telecom and IT systems. The high assurance products that Sectra provides are approved by one or more nations and, for certain products, by the EU and NATO. ===== SIDA 27 ===== Sectra’s three-month interim report 2025/2026 27 (27) 0 , ABOUT SECTRA Vision To contribute to a healthier and safer society. Mission statements To increase the effectiveness of healthcare, while maintaining or increasing the quality of care. To strengthen the stability and efficiency of society’s most important functions through solutions for critical IT security. Operating areas/business models Imaging IT Solutions helps hospitals across the world to become more efficient, enabling them to care for more patients and save more lives. Increased use of medical images and aging populations that are living longer pose huge challenges to healthcare. Sect ra’s IT solutions and services for medical diagnostic imaging enable gr eater efficiency and contribute to healthcare advancements. Sectra has exceeded 2,500 installations of medical IT systems, and customers include some of the largest healthcare providers in the world. Secure Communications helps society’s critical functions, government officials and diplomats to use modern technology to exchange information securely, thereby contributing to a stable and secure society. Sectra’s solutions and services increase cybersecurity by protecting some of society’s most sensitive information and communications. Several of the business area’s products are approved by the EU, NATO, and national security authorities. Business Innovation gathers smaller activities that could eventually lead to major growth in Sectra’s main areas or related niches. Group-wide strategies for value creation and sustainable business development Customer value is the top priority Customers and customer satisfaction ar e always assigned top priority to enable long-term growth. Close relationships with demanding customers ensure that Sectra’s solutions meet market demands for quality, functionality and usability. A motivating corporate culture A corporate culture that motivates and inspires the company’s employees to solve customer problems and constantly drive improvement. All so we can meet—and in many cases exc eed—customer expectations. Constant innovation Close cooperation with customers, unive rsities and industrial partners in order to identify needs and ideas, combined with a corporate culture where management encourages the employees to test out new ideas and projects. Geographic expansion International expansion mainly in areas and regions where Sectra holds an established position. Expansion is primarily to be achieved through organic growth, in certain cases supplemente d by acquisitions that strengthen the Group’s organic growth. For more information, visit https://investor.sectra.com 7 good reasons to invest in Sectra International niche markets with strong growth IT for healthcare and cybersecurity for critical social functions are rapidly changing markets that society needs to invest in. This creates major growth opportunities for companies such as Sectra. Stability, profitability and long-term growth Sectra has an over 45-year history of growth and profitability. Over 50% of the company’s sales comprise recurring revenue from long-term customer contracts. Customer-focused corporate culture A strong corporate culture clearly focused on customer value and employees who are passionate about making a difference lead to satisfied customers. To safeguard our corporate culture, growth is primarily organic. Strong brand with multinational reach Sectra is an established brand in niche areas where trust and stable products are highly important success factors. We have a multinational reach, with thousands of customers worldwide. Innovation By continuously investing in new and enhanced products and services, as well as how they are packaged and delivered, we create value for our customers. We also have a self-financed portfolio of research and business projects with the potential to add significant value in the future. Sustainable business model Contributing to healthier and safer societies is the foundation of Sectra’s operations and business model. Helping our customers improve the efficiency and quality of patient care and increase cybersecurity in critical social functions is our most significant contribution to a sustainable society. Long-standing owners and dedicated management The principal owners, who have been part of the company since the 1980s, have firm dedication to the long-term development of the company, and all members of Group Management are shareholders.