Atlas Copco

Quarterly Report • Oct 23, 2025

October 23, 2025

Atlas Copco Group

Third-quarter report 2025

Mixed demand, stable overall order intake and strong cash flow

The comparison figures presented in this report refer to previous year unless otherwise stated.

Third quarter

• Orders received reached MSEK 40 517 (42 080), organically unchanged
• Revenues decreased 3% to MSEK 41 621 (43 105), organic increase of 1%
• Operating profit decreased 8% to MSEK 8 546 (9 337), corresponding to a margin of 20.5% (21.7)
• Adjusted operating profit, excluding items affecting comparability, was MSEK 8 862 (9 441), corresponding to a margin of 21.3% (21.9)
• Profit before tax amounted to MSEK 8 456 (9 184)
• Basic earnings per share were SEK 1.37 (1.47)
• Operating cash flow at MSEK 7 330 (7 545)
• Return on capital employed was 25% (28)

	July-September			January-September
MSEK	2025	2024		2025	2024
Orders received	40 517	42 080	-4%	127 208	131 390	-3%
Revenues	41 621	43 105	-3%	125 561	130 783	-4%
EBITA*	9 127	9 913	-8%	27 396	29 873	-8%
– as a percentage of revenues	21.9	23.0		21.8	22.8
Operating profit	8 546	9 337	-8%	25 644	28 148	-9%
– as a percentage of revenues	20.5	21.7		20.4	21.5
Profit before tax	8 456	9 184	-8%	25 333	27 819	-9%
– as a percentage of revenues	20.3	21.3		20.2	21.3
Profit for the period	6 675	7 174	-7%	19 798	21 994	-10%
Basic earnings per share, SEK	1.37	1.47		4.07	4.51
Diluted earnings per share, SEK	1.37	1.47		4.06	4.50
Return on capital employed, %	25	28

^*Operating profit excluding amortization and impairment of intangibles related to acquisitions.

Near-term outlook

Atlas Copco Group expects that the customer activity will remain at the current level.

Previous near-term outlook (published July 18, 2025):

While the outlook for the global economy continues to be uncertain, Atlas Copco Group expects that the customer activity will remain at the current level.

Quarterly and annual financial data in Excel format can be found on our Reports and presentations page.

www.atlascopcogroup.com Reg. No. 556014-2720

Atlas Copco AB – Q3 2025 2 (18)

Summary of nine-month results

Orders received in the first nine months of 2025 decreased by 3% to MSEK 127 208 (131 390), organically unchanged. Currency had a negative effect of 5%, while acquisitions contributed with 2%. Revenues decreased by 4% to MSEK 125 561 (130 783), corresponding to an organic decline of 1%.

Operating profit decreased by 9% to MSEK 25 644 (28 148). The operating margin was 20.4% (21.5). Adjusted for items affecting comparability, the margin was 20.8% (22.0). Changes in exchange rates compared with the previous year had a negative effect of MSEK 1 695.

Profit before tax was MSEK 25 333 (27 819), corresponding to a margin of 20.2% (21.3). Profit for the period totaled MSEK 19 798 (21 994). Basic and diluted earnings per share were SEK 4.07 (4.51) and 4.06 (4.50) respectively.

Operating cash flow before acquisitions, divestments and dividends totaled MSEK 20 019 (21 066).

Review of third quarter

Market development

The demand for Atlas Copco Group's products and services was mixed, and the overall order volumes remained relatively stable compared to both the previous year and the previous quarter.

Year-on-year, order volumes for industrial compressors remained basically unchanged, while the order intake for gas and process compressors decreased. Order volumes for vacuum equipment decreased somewhat, driven by weaker demand from the semiconductor industry. The demand for industrial assembly equipment and vision solutions weakened, primarily due to lower investment activity among automotive customers. Solid order growth was achieved for most types of power equipment, including portable compressors, portable pumps, and generators, whereas order volumes for industrial pumps remained essentially unchanged compared to the previous year. The overall demand for service, including the specialty rental business, continued to develop favourably, and the order intake increased in all regions.

In total, the Group's order intake increased in the Americas and Europe, was basically unchanged in Asia, but decreased in Africa/Middle East.

Geographic distribution of orders received

	Atlas Copco Group
July-September 2025	Orders received, %	Change*, %
North America	26	+10
South America	5	+10
Europe	27	+10
Africa/Middle East	6	-29
Asia/Oceania	36	+1
Atlas Copco Group	100	+2

^*Change in orders received compared to the previous year in local currency.

Sales bridge

	July-September
MSEK	Orders received	Revenues
2024	42 080	43 105
Structural change, %	+2	+3
Currency, %	-6	-7
Organic*, %	+0	+1
Total, %	-4	-3
2025	40 517	41 621

^*Volume, price and mix.

Orders, revenues, and operating profit margin

Geographic distribution of orders received and revenues

		Compressor Technique, %		Vacuum Technique, %		Industrial Technique, %		Power Technique, %	Atlas Copco Group, %
	Orders		Orders		Orders		Orders		Orders
July-September 2025	received	Revenues	received	Revenues	received	Revenues	received	Revenues	received	Revenues
North America	27	25	20	20	34	36	26	28	26	26
South America	6	6	0	0	3	3	8	7	5	5
Europe	30	30	15	14	33	33	34	32	27	27
Africa/Middle East	8	9	1	1	2	2	8	10	6	6
Asia/Oceania	29	30	64	65	28	26	24	23	36	36
	100	100	100	100	100	100	100	100	100	100

Atlas Copco AB – Q3 2025 3 (18)

Revenues, profits and returns

Revenues reached MSEK 41 621 (43 105), an organic increase of 1%. Currency had a negative effect of 7%, while acquisitions added 3%.

The operating profit was MSEK 8 546 (9 337) and includes an MSEK -152 restructuring cost in the Vacuum Technique business area, an MSEK -53 restructuring cost in the Industrial Technique business area, and a change in provision for share-related longterm incentive programs, reported in Common Group Items, of MSEK -111 (19).

Adjusted operating profit decreased 6% to MSEK 8 862 (9 441), corresponding to a margin of 21.3% (21.9). The margin was positively affected by currency, while increased costs related to trade tariffs and dilution from acquisitions affected the margin negatively.

Net financial items amounted to MSEK -90 (-153) whereof interest net at MSEK -63 (-50). Other financial items, including financial exchange differences, were MSEK -27 (-103). Profit before tax amounted to MSEK 8 456 (9 184), corresponding to a margin of 20.3% (21.3). Corporate income tax amounted to MSEK -1 781 (-2 010), corresponding to an effective tax rate of 21.1% (21.9). The lower effective tax rate is mainly related to a revaluation of deferred tax balances, following the announced corporate tax rate reduction in Germany.

Profit for the period was MSEK 6 675 (7 174). Basic and diluted earnings per share were SEK 1.37 (1.47) and SEK 1.37 (1.47), respectively.

The return on capital employed during the last 12 months was 25% (28). Return on equity was 26% (29). The Group uses a weighted average cost of capital (WACC) of 8.0% as an investment and overall performance benchmark.

Operating cash flow and investments

Operating cash surplus decreased to MSEK 10 936 (11 657). Net financial items and taxes paid amounted to MSEK -2 040 (-2 943). Working capital decreased by MSEK 323 (decrease of 1 043) affecting the cash flow positively, but not to the same extent as the previous year. The main reason for the difference was increased inventories and trade receivables. Net investments in rental equipment were MSEK -487 (-580), and in property, plant and equipment MSEK -851 (-1 342).

Operating cash flow (an important internal KPI, but not a measurement defined in IFRS Accounting Standards, and hence defined on page 13) reached MSEK 7 330 (7 545).

Net indebtedness

The Group's net indebtedness amounted to MSEK 11 149 (16 713), of which MSEK 2 254 (2 439) was attributable to post-employment benefits. The Group's interest-bearing liabilities have an average maturity of 4.8 years. The net debt/EBITDA ratio was 0.2 (0.4) and the net debt/equity ratio was 10% (16).

Acquisition and divestment of own shares

During the quarter, 959 381 series A shares, net, were sold for a net value of MSEK 150. These transactions are in accordance with mandates granted by the Annual General Meeting and relate to the Group's long-term incentive programs. See page 17.

Employees

On September 30, 2025, the number of employees was 55 840 (54 697). The number of consultants/external workforce was 3 088 (3 143). For comparable units, the total workforce decreased by 704 from September 30, 2024.

Revenues and operating profit – bridge

		Volume, price,			Items affecting	Share-based LTI*
MSEK	Q3 2025	mix and other	Currency	Acquisitions	comparability	programs	Q3 2024
Atlas Copco Group
Revenues	41 621	381	-2 900	1 035	0	-	43 105
Operating profit	8 546	-104	-465	-10	-82	-130	9 337
	20.5%						21.7%

^* LTI= Long term incentive

Atlas Copco AB – Q3 2025 4 (18)

Compressor Technique

	July-September			January-September
MSEK	2025	2024		2025	2024
Orders received	18 929	19 505	-3%	59 107	61 873	-4%
Revenues	19 151	19 031	1%	57 600	57 877	-0%
EBITA*	4 992	5 115	-2%	14 776	15 056	-2%
– as a percentage of revenues	26.1	26.9		25.7	26.0
Operating profit	4 844	4 974	-3%	14 331	14 606	-2%
– as a percentage of revenues	25.3	26.1		24.9	25.2
Return on capital employed, %	80	85

^* Operating profit excluding amortization and impairment of intangibles related to acquisitions.

• Industrial compressors flat - orders for gas and process compressors down
• Growth for service
• Operating profit margin at 25.3%

Sales bridge

	July-September
MSEK	Orders received	Revenues
2024	19 505	19 031
Structural change, %	+3	+4
Currency, %	-6	-7
Organic*, %	+0	+4
Total, %	-3	+1
2025	18 929	19 151

^*Volume, price and mix.

Industrial compressors

The demand for industrial compressors remained stable, with order volumes essentially unchanged compared to the previous year and sequentially. The year-on-year order development was more favorable for small and medium-sized compared to largesized compressors.

Geographically, compared to the previous year, orders increased in Europe, remained flat in North America, but decreased in Asia.

Gas and process compressors

Order volumes for gas and process compressors decreased compared to the previous year. Sequentially, however, orders increased, primarily due to higher order intake in North America and Asia.

Year-on-year, orders grew in North America but decreased in Europe and Asia.

Compressor service

The demand for service continued to increase, with solid order growth in most regions.

Innovation

The business introduced a new variable speed oil-injected screw compressor for the Chinese market, the E Basic 7.5 kW. The new compressor is compact, offering a space-saving footprint, reliable performance without compromising energy efficiency, and is designed for ease of service.

Acquisitions

The following acquisitions were closed in the quarter:

• ABC Compressors, a Spanish compressor manufacturer with 319 employees and revenues of approximately MSEK 961 in 2024.
• Talleres Haizea, a Spanish service provider of high-pressure compressors with 16 employees and revenues of approximately MSEK 51 during 2024.
• Itsab, a compressor and power equipment distributor based in Sweden with 21 employees (jointly with Power Technique).
• Casa dei Compressori, an Italian compressed air distributor with 17 employees.

Revenues and profitability

Revenues increased 1% to MSEK 19 151 (19 031), corresponding to an organic increase of 4%.

The operating profit decreased 3% to MSEK 4 844 (4 974), corresponding to a margin of 25.3% (26.1). The main explanation for the lower margin was dilution from recent acquisitions, although sales mix and increased costs related to trade tariffs also affected the margin negatively. Currency had no material effect on the operating margin. Return on capital employed (last 12 months) was 80% (85).

Orders, revenues, and operating profit margin

Orders received, MSEK Revenues, MSEK Operating margin, %

Atlas Copco AB – Q3 2025 5 (18)

Vacuum Technique

	July-September			January-September
MSEK	2025	2024		2025	2024
Orders received	8 916	9 487	-6%	27 355	27 994	-2%
Revenues	9 193	10 444	-12%	27 702	30 252	-8%
EBITA*	1 888	2 205	-14%	5 613	6 726	-17%
– as a percentage of revenues	20.5	21.1		20.3	22.2
Operating profit	1 697	2 014	-16%	5 035	6 160	-18%
– as a percentage of revenues	18.5	19.3		18.2	20.4
Return on capital employed, %	18	20

^* Operating profit excluding amortization and impairment of intangibles related to acquisitions.

• Equipment orders somewhat down
• Solid growth for service
• Operating profit margin at 18.5% - adjusted operating margin 20.1%

Sales bridge

	July-September
MSEK	Orders received	Revenues
2024	9 487	10 444
Structural change, %	+1	+1
Currency, %	-8	-7
Organic*, %	+1	-6
Total, %	-6	-12
2025	8 916	9 193

^*Volume, price and mix.

Semiconductor and flat panel display equipment

The order intake for vacuum equipment to the semiconductor and flat panel display industry decreased compared to the previous year, primarily driven by weaker demand in North America. Sequentially, order volumes also decreased.

Compared to the previous year, the order intake remained essentially unchanged in Asia but decreased in North America and in Europe.

Industrial and scientific vacuum equipment

Solid order growth was achieved for industrial and scientific vacuum equipment, supported by increased demand from both general industrial customers and for equipment to scientific vacuum applications. Sequentially, the order intake remained unchanged.

Year-on-year, the order intake increased in North America and Asia but decreased in Europe.

Vacuum service

The service business continued to develop favorably with solid order growth from both semiconductor and industrial customers. Geographically, the orders increased in Asia and North America, while remaining essentially unchanged in Europe.

Innovation

An integrated abatement system for the semiconductor industry was introduced in the quarter, the Axentis Compact. The new system offers a reduced footprint and is 35% smaller compared to alternative products, as well as increased flexibility through compatibility with various hardware options, which minimizes model variation and simplifies service for customers.

Acquisitions

The following acquisitions were closed in the quarter:

• New Star Technology, a Chinese producer of abatement equipment and replacement absorber material with 38 employees and revenues of approximately MSEK 73 in 2024.
• Shareway Environmental Technology, an abatement company based in China with 320 employees and revenues of approximately MSEK 926 in 2024.

Revenues and profitability

Revenues decreased 12% to MSEK 9 193 (10 444), corresponding to an organic decline of 6%.

The operating profit decreased 16% to MSEK 1 697 (2 014). Adjusted for restructuring costs of MSEK -152, the margin reached 20.1% (20.1). Currency had a positive effect on the margin, while lower revenue volumes and increased costs related to trade tariffs affected the margin negatively. Return on capital employed (last 12 months) was 18% (20).

Orders, revenues, and operating profit margin

Atlas Copco AB – Q3 2025 6 (18)

Industrial Technique

	July-September			January-September
MSEK	2025	2024		2025	2024
Orders received	6 197	6 644	-7%	20 023	21 368	-6%
Revenues	6 515	6 832	-5%	19 576	21 817	-10%
EBITA*	1 288	1 490	-14%	3 953	4 962	-20%
– as a percentage of revenues	19.8	21.8		20.2	22.7
Operating profit	1 173	1 364	-14%	3 608	4 570	-21%
– as a percentage of revenues	18.0	20.0		18.4	20.9
Return on capital employed, %	18	21

^* Operating profit excluding amortization and impairment of intangibles related to acquisitions.

• Weaker equipment demand
• Service orders essentially unchanged
• Operating profit margin at 18.0% - adjusted operating margin 18.8%

Sales bridge

	July-September
MSEK	Orders received	Revenues
2024	6 644	6 832
Structural change, %	+2	+2
Currency, %	-6	-6
Organic*, %	-3	-1
Total, %	-7	-5
2025	6 197	6 515

^*Volume, price and mix.

Automotive industry

The overall demand for industrial assembly and vision solutions to the automotive industry decreased, both compared to the previous year and sequentially.

Geographically, compared to the previous year, orders decreased in the Americas and Europe but increased in Asia.

General industry

The order intake for industrial power tools, assembly equipment and vision solutions to the general industry remained at the same level as the previous year but decreased sequentially.

Compared to the previous year, orders increased in Asia, remained unchanged in Europe, but decreased in North America.

Service

Orders for service remained at about the same level as in the previous year and the previous quarter.

Innovation

The business area introduced a new high-speed dispensing solution in the quarter, combining the strength of the Scheugenflug PM8000 and the DP8000. The dispensing system primarily targets the electronics industry, offering high-speed dispensing with approximately 50% reduced process time and a 70% reduction in material compared to alternative systems.

Revenues and profitability

Revenues decreased 5% to MSEK 6 515 (6 832), corresponding to an organic decline of 1%.

The operating profit decreased 14% to MSEK 1 173 (1 364). Adjusted for restructuring costs of MSEK -53, the margin reached 18.8% (20.6). The lower margin can mainly be explained by lower revenue volumes, a negative currency effect, dilution from acquisitions, and increased costs related to trade tariffs. Return on capital employed (last 12 months) was 18% (21).

Orders, revenues, and operating profit margin

Atlas Copco AB – Q3 2025 7 (18)

Power Technique

	July-September			January-September
MSEK	2025	2024		2025	2024
Orders received	6 709	6 654	1%	21 406	20 980	2%
Revenues	6 979	7 072	-1%	21 344	21 665	-1%
EBITA*	1 315	1 392	-6%	4 004	4 390	-9%
– as a percentage of revenues	18.8	19.7		18.8	20.3
Operating profit	1 187	1 274	-7%	3 619	4 073	-11%
– as a percentage of revenues	17.0	18.0		17.0	18.8
Return on capital employed, %	15	18

^* Operating profit excluding amortization and impairment of intangibles related to acquisitions.

• Solid growth for equipment
• Growth for service and the specialty rental business
• Operating profit margin at 17.0%

Sales bridge

	July-September
MSEK	Orders received	Revenues
2024	6 654	7 072
Structural change, %	+2	+2
Currency, %	-6	-6
Organic*, %	+5	+3
Total, %	+1	-1
2025	6 709	6 979

^*Volume, price and mix.

Equipment

The demand for equipment increased, and solid order growth was achieved compared to the previous year for products such as portable compressors, generators, and portable pumps. Sequentially, however, orders decreased somewhat. The demand for industrial pumps remained essentially unchanged compared to the previous year but weakened somewhat compared to the previous quarter.

Geographically, compared to the previous year, the overall order intake for equipment increased in all regions except Africa/Middle East, where orders decreased.

Specialty rental

The specialty rental business remained healthy, and the order intake increased, driven by order growth in North America, South America and Africa/Middle East. Orders in Asia and Europe remained essentially unchanged.

Service

Orders for service increased, driven by higher order intake in Europe and Africa/Middle East.

Innovation

An upgrade of the larger twin screw pump offer was introduced in the quarter, the Wangen Twin 180. The new pump targets applications that require pumping highly viscous media and demand high flow rates in hygienic product processes, such as those in the food industry. The Twin 180 is designed for pumping a wide range of media, offering high suction lift and a broad viscosity range.

Acquisitions

The following acquisitions were closed in the quarter:

• Itsab, a compressor and power equipment distributor based in Sweden with 21 employees (jointly with Compressor Technique).

Revenues and profitability

Revenues reached MSEK 6 979 (7 072), corresponding to an organic increase of 3%.

The operating profit decreased 7% to MSEK 1 187 (1 274), corresponding to a margin of 17.0% (18.0). The main explanation for the lower margin is higher functional costs in relation to sales, although increased costs related to trade tariffs and acquisitions also had a negative impact on the margin. Currency had no material effect on the margin. Return on capital employed (last 12 months) was 15% (18).

Orders, revenues, and operating profit margin

Orders received, MSEK Revenues, MSEK Operating margin, %

Atlas Copco AB – Q3 2025 8 (18)

Accounting principles

The interim condensed consolidated financial statements presented in this interim report have been prepared in accordance with IAS 34 Interim Financial Reporting. The description of the accounting principles and definitions applied in this report are found in the Annual Report 2024. Other financial measures than the ones defined in IFRS Accounting Standards are also presented in the report since they are considered to be important supplemental measures of the company´s performance. For further information about these measures and how they have been calculated, please visit our Key financials page.

Risks, risk management and factors of uncertainty

Atlas Copco Group's global and diversified business is active within many customer segments and results in a variety of risks and opportunities geographically and operationally. Thus, the ability to identify, analyze and manage risks is crucial for effective governance and control of the business. The aim is to meet the Group's goals with a high awareness of risks and well-managed risk taking. Atlas Copco Group sees the benefits of an efficient risk management both from risk reduction and business opportunity perspectives, which can lead to good business growth.

Risks in Atlas Copco Group are identified in a 360-degree spectrum, meaning that both internal, and external exposures are assessed, including today's circumstances and future changes. The Group's risk management approach follows the decentralized structure of Atlas Copco Group. Risks are analyzed and addressed in an integrated way. Local companies are responsible for their own risk management, which is monitored and followed up regularly at for example local business board meetings. Group functions responsible for legal, insurance, human resources, compliance, sustainability, treasury, tax, controlling and accounting provide policies, guidelines and instructions regarding risk management.

Risk areas include compliance risks, external exposure risks, including pandemics, operational risks and strategic risks. These risk areas can impact the business negatively both in the long and short term, but often also create business opportunities if managed well. Examples of risks and how they are handled is described below.

Market risks

The demand for Atlas Copco Group's equipment and services is affected by changes in the customers' investment and production levels. A general economic downturn, geopolitical tensions, pandemics, changes in trade agreements, trade sanctions, tariffs, a widespread financial crisis and other macroeconomic disturbances may, directly or indirectly, affect the Group negatively both in terms of revenues and profitability. However, the Group's sales are well diversified with customers in many industries and countries around the world, which mitigates the risk.

Financial risks

Atlas Copco Group is subject to currency risks, funding risks, interest rate risks, tax risks, and other financial risks. In line with the overall goals with respect to growth, return on capital, and protecting creditors, Atlas Copco Group has adopted a policy to control the financial risks to which the Group is exposed. A financial risk management committee meets regularly to manage and follow up financial risks, in line with the policy.

Production risks

A large part of the components used in production are sourced from subsuppliers. The availability is dependent on the sub-suppliers and if they have interruptions or lack capacity, this may adversely affect production. To minimize these risks, Atlas Copco Group has established a global network of sub-suppliers, which means that in most cases there are more than one sub-supplier that can provide a certain component. Atlas Copco Group is also directly and indirectly exposed to raw material prices. Cost increases for raw materials and components often coincide with strong end-customer demand and can partly be compensated for by increased sales prices.

Acquisitions

Atlas Copco Group has the ambition to grow all its business areas, primarily through organic growth, supplemented by selected acquisitions. The integration of acquired businesses is a difficult process and it is not certain that every integration will be successful. Therefore, costs related to acquisitions can be higher and/or synergies can take longer to materialize than anticipated.

For more information on Atlas Copco Group's risk management process and further descriptions of risks and how they are handled, see the Annual Report 2024.

Forward-looking statements

Some statements in this report are forward-looking, and the actual outcome could be materially different. In addition to the factors explicitly discussed, other factors could have a material effect on the actual outcome. Such factors include, but are not limited to, general business conditions, fluctuations in exchange rates and interest rates, political developments, the impact of competing products and their pricing, product development, commercialization and technological difficulties, interruptions in supply, and major customer credit losses.

Atlas Copco AB

Atlas Copco AB is a public company. Atlas Copco AB and its subsidiaries are often referred to as Atlas Copco Group, the Group or the company. Any mentioning of the Board of Directors or the Board refers to the Board of Directors of Atlas Copco AB.

Atlas Copco AB – Q3 2025 9 (18)

Consolidated income statement (condensed)

		July-September	January-September
MSEK	2025	2024	2025	2024
Revenues	41 621	43 105	125 561	130 783
Cost of sales	-24 026	-24 375	-71 330	-74 109
Gross profit	17 595	18 730	54 231	56 674
Marketing expenses	-4 872	-4 928	-14 851	-15 018
Administrative expenses	-2 589	-2 495	-7 772	-7 975
Research and development costs	-1 694	-1 698	-5 240	-5 328
Other operating income and expenses	106	-272	-724	-205
Operating profit	8 546	9 337	25 644	28 148
- as a percentage of revenues	20.5%	21.7%	20.4%	21.5%
Net financial items	-90	-153	-311	-329
Profit before tax	8 456	9 184	25 333	27 819
- as a percentage of revenues	20.3%	21.3%	20.2%	21.3%
Income tax expense	-1 781	-2 010	-5 535	-5 825
Profit for the period	6 675	7 174	19 798	21 994
Profit attributable to
- owners of the parent	6 677	7 170	19 797	21 984
- non-controlling interests	-2	4	1	10
Basic earnings per share, SEK	1.37	1.47	4.07	4.51
Diluted earnings per share, SEK	1.37	1.47	4.06	4.50
Basic weighted average number of shares outstanding, millions	4 868.6	4 874.9	4 868.5	4 873.4
Diluted weighted average number of shares outstanding, millions	4 871.7	4 882.5	4 872.9	4 881.7
Key ratios
Equity per share, period end, SEK	22	21
Return on capital employed, 12 month values, %	25	28
Return on equity, 12 month values, %	26	29
Debt/equity ratio, period end, %	10	16
Equity/assets ratio, period end, %	51	51
Number of employees, period end	55 840	54 697

Atlas Copco AB – Q3 2025 10 (18)

Consolidated statement of comprehensive income (condensed)

		July-September	January-September
MSEK	2025	2024	2025	2024
Profit for the period	6 675	7 174	19 798	21 994
Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurements of defined benefit pension plans	238	19	485	419
Income tax relating to items that will not be reclassified	-64	-3	-127	-124
	174	16	358	295
Items that may be reclassified subsequently to profit or loss
Translation differences on foreign operations	-1 162	-3 034	-12 689	1 819
Hedge of net investments in foreign operations	74	162	666	-326
Income tax relating to items that may be reclassified	-29	-54	-209	110
	-1 117	-2 926	-12 232	1 603
Other comprehensive income for the period, net of tax	-943	-2 910	-11 874	1 898
Total comprehensive income for the period	5 732	4 264	7 924	23 892
Total comprehensive income attributable to
- owners of the parent	5 734	4 262	7 931	23 881
- non-controlling interests	-2	2	-7	11

Atlas Copco AB – Q3 2025 11 (18)

Consolidated balance sheet (condensed)

MSEK	Sep. 30 2025	Sep. 30 2024	Dec. 31 2024
Intangible assets	73 209	72 577	77 107
Rental equipment	5 953	5 514	5 947
Other property, plant and equipment	18 216	16 738	17 745
Right-of-use assets	6 911	6 285	7 133
Financial assets and other receivables	2 626	2 400	2 520
Deferred tax assets	2 326	2 253	2 575
Total non-current assets	109 241	105 767	113 027
Inventories	27 648	29 410	29 012
Trade and other receivables	44 028	46 122	47 097
Other financial assets	504	405	434
Cash and cash equivalents	25 999	18 867	18 968
Assets classified as held for sale	108	-	-
Total current assets	98 287	94 804	95 511
TOTAL ASSETS	207 528	200 571	208 538
Equity attributable to owners of the parent	106 524	102 298	113 700
Non-controlling interests	161	56	60
TOTAL EQUITY	106 685	102 354	113 760
Borrowings	28 738	30 588	31 688
Post-employment benefits	2 254	2 439	2 740
Other liabilities and provisions	2 544	2 303	2 319
Deferred tax liabilities	2 724	2 233	2 616
Total non-current liabilities	36 260	37 563	39 363
Borrowings	6 652	2 958	3 076
Trade payables and other liabilities	55 582	54 993	49 590
Provisions	2 349	2 703	2 749
Total current liabilities	64 583	60 654	55 415
TOTAL EQUITY AND LIABILITIES	207 528	200 571	208 538

Fair value of derivatives, cash equivalents and borrowings

The carrying value and fair value of the Group's outstanding derivatives, liquidity funds, and borrowings are shown in the tables below. The fair values of bonds are based on Level 1, the fair values of derivatives, liquidity funds, and other loans are based on Level 2, and contingent considerations are based on Level 3 in the fair value hierarchy. Compared to 2024, no transfers have been made between different levels in the fair value hierarchy for derivatives and borrowings, and no significant changes have been made to valuation techniques, inputs, or assumptions. For further information, see Note 26 in the Annual Report 2024.

Financial instruments recorded at fair value

MSEK	Sep. 30 2025	Dec. 31 2024
Non-current assets and liabilities
Assets	137	68
Liabilities	79	-
Current assets and liabilities
Assets	416	437
Liabilities	42	94

Carrying value and fair value of borrowings

MSEK	Sep. 30 2025	Sep. 30 2025	Dec. 31 2024	Dec. 31 2024
	Carrying value	Fair value	Carrying value	Fair value
Bonds	15 601	14 571	14 840	13 520
Other loans	12 804	12 813	12 770	12 738
Lease liability	6 985	6 985	7 154	7 154
	35 390	34 369	34 764	33 412

Atlas Copco AB – Q3 2025 12 (18)

Consolidated statement of changes in equity (condensed)

		Equity attributable to
	owners of	non-controlling
MSEK Opening balance, January 1, 2025	the parent 113 700	interests 60	Total equity 113 760
Changes in equity for the period
Total comprehensive income for the period	7 931	-7	7 924
Dividend	-14 606	-4	-14 610
Change of non-controlling interests	-	112	112
Acquisition and divestment of own shares	-297	-	-297
Share-based payments, equity settled	-204	-	-204
Closing balance, September 30, 2025	106 524	161	106 685

		Equity attributable to
	owners of	non-controlling
MSEK	the parent	interests	Total equity
Opening balance, January 1, 2024	91 450	50	91 500
Changes in equity for the period
Total comprehensive income for the period	23 881	11	23 892
Dividend	-13 647	-5	-13 652
Change of non-controlling interests	-8	-	-8
Acquisition and divestment of own shares	838	-	838
Share-based payments, equity settled	-216	-	-216
Closing balance, September 30, 2024	102 298	56	102 354

Atlas Copco AB – Q3 2025 13 (18)

Consolidated statement of cash flows (condensed)

		July-September	January-September
MSEK	2025	2024	2025	2024
Cash flows from operating activities
Operating profit	8 546	9 337	25 644	28 148
Depreciation, amortization and impairment (see below)	2 331	2 167	6 856	6 401
Capital gain/loss and other non-cash items	59	153	-102	445
Operating cash surplus	10 936	11 657	32 398	34 994
Net financial items received/paid	9	-309	-548	-151
Taxes paid	-2 049	-2 634	-6 844	-7 301
Pension funding and payment of pension to employees	-106	-108	-350	-331
Change in working capital	323	1 043	969	-237
Investments in rental equipment	-499	-606	-1 519	-1 904
Sale of rental equipment	12	26	67	56
Net cash from operating activities	8 626	9 069	24 173	25 126
Cash flows from investing activities
Investments in property, plant and equipment	-918	-1 357	-3 179	-3 151
Sale of property, plant and equipment	67	15	98	56
Investments in intangible assets	-410	-466	-1 374	-1 224
Acquisition of subsidiaries and associated companies	-1 424	-1 905	-3 560	-5 212
Other investments, net	23	15	-29	30
Net cash from investing activities	-2 662	-3 698	-8 044	-9 501
Cash flows from financing activities
Annual dividends paid	-	-	-7 302	-6 822
Dividends paid to non-controlling interest	-	-5	-4	-5
Acquisition of non-controlling interest	-	-18	4	-18
Repurchase and sales of own shares	150	45	-297	838
Change in interest-bearing liabilities, net	-341	-656	167	-1 537
Net cash from financing activities	-191	-634	-7 432	-7 544
Net cash flow for the period	5 773	4 737	8 697	8 081
Cash and cash equivalents, beginning of the period	20 479	14 495	18 968	10 887
Exchange differences in cash and cash equivalents	-253	-365	-1 666	-101
Cash and cash equivalents, end of the period	25 999	18 867	25 999	18 867

Depreciation, amortization and impairment

	July-September	January-September
MSEK	2025	2024	2025	2024
Rental equipment	318	279	931	792
Other property, plant and equipment	617	559	1 752	1 643
Right-of-use assets	499	460	1 491	1 342
Intangible assets	897	869	2 682	2 624
Total	2 331	2 167	6 856	6 401

Calculation of operating cash flow

		July-September
MSEK	2025	2024	2025	2024
Net cash flow for the period	5 773	4 737	8 697	8 081
Add back:
Change in interest-bearing liabilities, net	341	656	-167	1 537
Repurchase and sales of own shares	-150	-45	297	-838
Annual dividends paid	-	-	7 302	6 822
Dividends paid to non-controlling interest	-	5	4	5
Acquisition of non-controlling interest	-	18	-4	18
Acquisitions and divestments	1 424	1 905	3 560	5 212
Currency hedges	-58	269	330	229
Operating cash flow	7 330	7 545	20 019	21 066

Atlas Copco AB – Q3 2025 14 (18)

Revenues by business area
---------------------------	--	--	--

	2023				2024				2025
MSEK (by quarter)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
Compressor Technique	17 632	18 600	19 493	19 827	18 710	20 136	19 031	20 382	19 330	19 119	19 151
- of which external	17 466	18 407	19 300	19 614	18 507	19 905	18 819	20 202	19 151	18 973	19 007
- of which internal	166	193	193	213	203	231	212	180	179	146	144
Vacuum Technique	9 989	10 911	10 802	11 110	9 719	10 089	10 444	10 189	9 527	8 982	9 193
- of which external	9 979	10 906	10 795	11 101	9 711	10 089	10 439	10 180	9 521	8 975	9 186
- of which internal	10	5	7	9	8	-	5	9	6	7	7
Industrial Technique	6 492	7 280	7 306	7 375	7 514	7 471	6 832	7 705	6 943	6 118	6 515
- of which external	6 469	7 260	7 290	7 356	7 492	7 460	6 821	7 683	6 926	6 101	6 494
- of which internal	23	20	16	19	22	11	11	22	17	17	21
Power Technique	5 996	6 828	7 142	6 933	7 202	7 391	7 072	7 957	7 169	7 196	6 979
- of which external	5 947	6 791	7 100	6 883	7 165	7 349	7 026	7 923	7 132	7 161	6 934
- of which internal	49	37	42	50	37	42	46	34	37	35	45
Common Group Items / Eliminations	-248	-255	-258	-291	-270	-284	-274	-245	-239	-205	-217
Atlas Copco Group	39 861	43 364	44 485	44 954	42 875	44 803	43 105	45 988	42 730	41 210	41 621

Equipment and service revenues

	2023			2024				2025
% of total revenues (by quarter)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
Compressor Technique - Equipment	57	58	59	60	56	58	57	58	56	57	57
Compressor Technique - Service	43	42	41	40	44	42	43	42	44	43	43
Vacuum Technique - Equipment	77	77	77	78	75	74	74	73	71	70	70
Vacuum Technique - Service	23	23	23	22	25	26	26	27	29	30	30
Industrial Technique - Equipment	71	74	73	76	73	73	71	74	71	71	71
Industrial Technique - Service	29	26	27	24	27	27	29	26	29	29	29
Power Technique - Equipment	58	60	56	54	58	57	53	56	55	56	53
Power Technique - Service	42	40	44	46	42	43	47	44	45	44	47

Operating profit by business area

	2023				2024				2025
MSEK (by quarter)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
Compressor Technique	4 245	4 472	4 856	4 915	4 642	4 990	4 974	5 110	4 711	4 776	4 844
- as a percentage of revenues	24.1	24.0	24.9	24.8	24.8	24.8	26.1	25.1	24.4	25.0	25.3
Vacuum Technique	2 268	2 504	2 465	2 370	2 119	2 027	2 014	2 381	1 638	1 700	1 697
- as a percentage of revenues	22.7	22.9	22.8	21.3	21.8	20.1	19.3	23.4	17.2	18.9	18.5
Industrial Technique	1 371	1 585	1 647	1 580	1 649	1 557	1 364	1 496	1 388	1 047	1 173
- as a percentage of revenues	21.1	21.8	22.5	21.4	21.9	20.8	20.0	19.4	20.0	17.1	18.0
Power Technique	1 145	1 294	1 429	1 323	1 393	1 406	1 274	1 415	1 205	1 227	1 187
- as a percentage of revenues	19.1	19.0	20.0	19.1	19.3	19.0	18.0	17.8	16.8	17.1	17.0
Common Group Items / Eliminations	-330	-666	-280	-1 102	-458	-514	-289	-384	-337	-257	-355
Operating profit	8 699	9 189	10 117	9 086	9 345	9 466	9 337	10 018	8 605	8 493	8 546
- as a percentage of revenues	21.8	21.2	22.7	20.2	21.8	21.1	21.7	21.8	20.1	20.6	20.5
Net financial items	-44	-163	-189	-253	16	-192	-153	-37	-135	-86	-90
Profit before tax	8 655	9 026	9 928	8 833	9 361	9 274	9 184	9 981	8 470	8 407	8 456
- as a percentage of revenues	21.7	20.8	22.3	19.6	21.8	20.7	21.3	21.7	19.8	20.4	20.3

Return on capital employed by business area

	2023	2024					2025
% (by quarter)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
Compressor Technique	82	83	82	85	84	84	85	85	83	82	80
Vacuum Technique	24	23	22	22	22	21	20	20	19	18	18
Industrial Technique	18	20	20	21	22	22	21	21	20	18	18
Power Technique	24	23	22	22	21	20	18	18	16	16	15
Atlas Copco Group	29	30	30	30	30	29	28	28	27	26	25

Atlas Copco AB – Q3 2025 15 (18)

Acquisitions and divestments

				Revenues	Number of
Date	Acquisitions**	Divestments	Business area	MSEK*	employees*
2025 Sep. 8	Casa dei Compressori S.r.l. ("Casa dei Compressori")		Compressor Technique		17
2025 Sep. 2	Shanghai Shareway Environment Technology Co., Ltd.		Vacuum Technique	926	320
2025 Aug. 5	Itsab AB ("Itsab")		Compressor Technique		21
			& Power Technique
2025 Aug. 4	New Star Technology (Suzhou) Co. Ltd. ("New Star Technology")		Vacuum Technique	73	38
2025 Jul. 9	Talleres Haizea S.L. ("Haizea")		Compressor Technique	51	16
2025 Jul. 4	Arizaga Bastarrica y Compañia S.A. ("ABC Compressors")		Compressor Technique	961	319
2025 Jun. 18	Kyungwon Machinery Industry Co., Ltd. ("Kyungwon")		Compressor Technique	465	126
2025 Jun. 13	Air Mac Inc. ("Air Mac")		Compressor Technique	184	40
2025 May. 2	Clearpro Construction Water Solutions Pty Ltd. ("Clearpro")		Power Technique	42	12
2025 Apr. 9	Powered Compressors and Supplies ("PCS")		Compressor Technique		12
2025 Apr. 1	Heide Pumpen GmbH ("Heide Pumpen")		Power Technique		42
2025 Mar. 21	MSS Nitrogen Ltd. ("MSS Nitrogen")		Compressor Technique	238	44
2025 Mar. 11	Neadvance Machine Vision, S.A. ("Neadvance")		Industrial Technique	29	41
2025 Mar. 4	Masterfilter NV ("Masterfilter")		Compressor Technique	30	3
2025 Feb. 5	IMOCOM S.A.		Compressor Technique	47	36
2025 Feb. 5	Maquinarias y Tecnologías S.A.S. ("Maq&Tec")		Compressor Technique	14	13
2025 Jan. 29	Dr. Weigel Anlagenbau GmbH		Compressor Technique		45
2025 Jan. 10	Medi-teknique Ltd. ("Medi-teknique")		Compressor Technique	42	13
2025 Jan. 9	JetCan Engineering Sdn Bhd ("JetCan")		Compressor Technique		24
2025 Jan. 7	V.O.L. Industries		Compressor Technique	35	2
2025 Jan. 7	Trident Pneumatics Pvt. Ltd. ("Trident")		Compressor Technique	134	113
2024 Dec. 3	Metalplan Equipamentos LTDA, ("Metalplan")		Compressor Technique	120	90
2024 Nov. 18	VisionTools Bildanalyse Systeme GmbH ("VisionTools")		Industrial Technique	160	80
2024 Nov. 8	ESA Service S.r.l. ("ESA Service")		Vacuum Technique	118	40
2024 Nov. 6	SCS Makina A.Ş. ("SCS")		Compressor Technique	40	11
2024 Nov. 5	Pennine Pneumatic Services Ltd. ("PPS")		Compressor Technique		84
2024 Nov. 4	Air Way Automation Ltd. ("Air Way")		Industrial Technique	370	98
2024 Okt. 3	Perslucht Wilda B.V. ("Perslucht Wilda")		Power Technique		9
2024 Okt. 2	Kinder-Janes Engineers Ltd. ("Kinder-Janes")		Power Technique	164	20
2024 Okt. 2	Pomac B.V. ("Pomac")		Power Technique	95	23
2024 Okt. 2	Arlógica Máquinas e Equipamentos, Lda ("Arlógica")		Compressor Technique		9
2024 Oct. 2	Easy Filtration S.r.l. ("Easy Filtration")		Compressor Technique		9
2024 Sep. 3	Integrated Pump Rental ("IPR")		Power Technique	57	18
2024 Sep. 3	Anhui NOY Technologies Co. Ltd., ("NOY")		Vacuum Technique	178	78
2024 Sep. 3	Generator Rental Services ("GRS")		Power Technique	263	58

^* Annual revenues and number of employees at time of acquisition/divestment. No revenues are disclosed for former Atlas Copco distributors. Due to the relatively small size of most of the acquisitions made in 2025, full disclosure as per IFRS 3 is not given in this interim report. Disclosure on an aggregated level will be given in the Annual Report 2025. See the Annual Report 2024 for disclosure of acquisitions made in 2024.

^** Full list of acquisitions and divestments for the previous year can be found at Atlas Copco Group's website .

Atlas Copco AB – Q3 2025 16 (18)

Parent company

Income statement (condensed)

		July-September		January-September
MSEK	2025	2024	2025	2024
Administrative expenses	-210	-196	-637	-718
Other operating income and expenses	13	13	208	301
Operating profit/loss	-197	-183	-429	-417
Financial income and expenses	-252	-174	11 054	14 379
Profit/loss before tax	-449	-357	10 625	13 962
Income tax	76	66	176	204
Profit/loss for the period	-373	-291	10 801	14 166

Balance sheet (condensed)

MSEK	Sep. 30 2025	Sep. 30 2024	Dec. 31 2024
Total non-current assets	200 333	199 125	198 845
Total current assets	7 217	7 219	5 829
TOTAL ASSETS	207 550	206 344	204 674
Total restricted equity	5 785	5 785	5 785
Total non-restricted equity	158 515	157 578	162 807
TOTAL EQUITY	164 300	163 363	168 592
Total provisions	621	844	737
Total non-current liabilities	31 900	35 002	35 002
Total current liabilities	10 729	7 135	343
TOTAL EQUITY AND LIABILITIES	207 550	206 344	204 674

Assets pledged and contingent liabilities

MSEK	Sep. 30 2025	Sep. 30 2024	Dec. 31 2024
Assets pledged	224	218	209
Contingent liabilities	14 251	11 146	11 515

Accounting principles

Atlas Copco AB is the ultimate Parent Company of the Atlas Copco Group. The financial statements of Atlas Copco AB have been prepared in accordance with the Swedish Annual Accounts Act and the accounting standard RFR 2, Accounting for Legal Entities. The same accounting principles and methods of computation are followed in the interim financial statements as compared with the most recent annual financial statements. See also accounting principles, page 8.

Atlas Copco AB – Q3 2025 17 (18)

Parent Company

Distribution of shares

Share capital equaled MSEK 786 (786) at the end of the period, distributed as follows:

Class of share	Shares
A shares	3 357 576 384
B shares	1 560 876 032
Total	4 918 452 416
- of which A shares held by Atlas Copco AB	49 156 902
- of which B shares held by Atlas Copco AB	0
Total shares outstanding, net of shares held by Atlas
Copco AB	4 869 295 514

Performance-based personnel option plan

The Annual General Meeting 2025 approved a performance-based long-term incentive program. For Group Management and division presidents, the plan requires management's own investment in Atlas Copco shares. For further information, see: General meeting page

Transactions in own shares

Atlas Copco AB has mandates to acquire and sell own shares as per below:

• The acquisition of not more than 9 500 000 series A shares related to personnel option plan for 2025.
• The acquisition of not more than 60 000 series A shares, later to be sold on the market in connection with payment to Board members who have opted to receive synthetic shares as part of their remuneration.

• The sale of not more than 60 000 series A shares to cover costs, primarily social charges, related to previously issued synthetic shares to Board members.

• The sale of a maximum of 29 300 000 series A shares currently held by the company, for the purpose of covering costs of fulfilling obligations related to the performancebased personnel option plans 2018, 2019, 2020, 2021 and 2022.

• The shares may only be acquired or sold on NASDAQ Stockholm at a price within the registered price interval at any given time.

During the first nine months of 2025, 1 318 468 series A shares, net, were acquired. These transactions are in accordance with mandates granted. The company's holding of own shares at the end of the period appears in the table to the left.

Risks and factors of uncertainty

Financial risks

Atlas Copco AB is subject to currency risks, funding risks, interest rate risks, tax risks, and other financial risks. In line with the overall goals with respect to growth, return on capital, and protecting creditors, Atlas Copco AB has adopted a policy to control the financial risks to which Atlas Copco AB and the Group is exposed. A financial risk management committee meets regularly to manage and follow up financial risks, in line with the policy.

For further information, see the Annual Report 2024.

Related parties

There have been no significant changes in the relationships or transactions with related parties for the Group or Parent Company compared with the information given in the Annual Report 2024.

Atlas Copco AB – Q3 2025 18 (18)

This is Atlas Copco Group

Atlas Copco Group enables technology that transforms the future. We innovate to develop products, services, and solutions that are key to our customers' success. Our four business areas offer compressed air and gas solutions, vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools, and assembly and machine vision solutions. In 2024, the Group had revenues of BSEK 177 and about 55 000 employees at year-end.

Business areas

Atlas Copco Group has four business areas. The business areas are responsible for developing their respective operations by implementing and following up on strategies and objectives to achieve sustainable, profitable growth.

The Compressor Technique business area provides compressed air and gas solutions such as industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, air management and conversion. The business area has a global service network and innovates technology that transforms the future of the manufacturing and process industries. Principal product development and manufacturing units are located in Belgium, the United States, China, India, Germany, and Italy.

The Vacuum Technique business area provides vacuum products, exhaust management systems, cryogenics, maintenance and diagnostics, valves, and related products. The main markets served are semiconductor and scientific instruments, as well as a wide range of industrial segments, including chemical process industries, food packaging, and renewable energy. The business area has a global service network and innovates technology that transforms the future and improves customer performance. Principal product development and manufacturing units are located in the United States, Mexico, United Kingdom, Czech Republic, Germany, South Korea, China, and Japan.

The Industrial Technique business area provides industrial power tools, automated assembly and quality control systems including tightening robotics, automatic feeding and machine vision, and services through a global network. The business area innovates technology that transforms the future for customers in the automotive and general industries. Principal product development and manufacturing units are located in Sweden, Germany, Hungary, United Kingdom, France, the United States, China, and Japan.

The Power Technique business area provides portable air and power, industrial and portable flow solutions through products such as portable compressors, generators, light and energy management systems, dewatering and industrial pumps, along with a number of complementary products. It also offers specialty rental and provides service through a global network. The business area innovates technology that transforms the future for multiple industries, including infrastructure construction, manufacturing, oil and gas, and exploration drilling. Principal product development and manufacturing units are located in Belgium, Spain, Germany, the United States, China, and India.

Vision, mission and strategy

The Atlas Copco Group's vision is to become and remain First in Mind— First in Choice of its customers and other stakeholders. The mission is to achieve sustainable, profitable growth. This means that we should continuously deliver profitable growth with an increased positive impact on society and the environment and by promoting diversity and inclusion. Inclusion is about providing everyone within our organization with support and inspiration to learn and grow. It also means that we include the perspective of different stakeholders, like customers and society, when we create value. An integrated sustainability strategy, backed by ambitious goals, helps the company deliver greater value to all its stakeholders in a way that is economically, environmentally, and socially responsible.

For further information

Analysts and investors

Daniel Althoff, Vice President Investor Relations Mobile: +46 768 99 95 97 ir@atlascopco.com

Media

Christina Malmberg Hägerstrand, Media Relations Manager Mobile: +46 728 55 93 29 media@atlascopco.com

Conference call

A presentation for investors, analysts and media will be held on October 23, 2025, at 14:00 CEST.

To follow the presentation via webcast:

https://atlas-copco-group.events.inderes.com/q3-report-2025

To participate via teleconference:

https://events.inderes.com/atlas-copco-group/q3-report-2025/dial-in

Please visit our Investors page for presentation material.

Capital Markets Day 2025

Atlas Copco Group will host its Capital Markets Day on November 26, 2025, in Stuttgart and Bretten, Germany.

Fourth-quarter report 2025

The Q4 2025 report will be published on January 27, 2026, around 12:00 CET and the conference call will be at 14:00 CET. Silent period starts on December 28, 2025.

First-quarter report 2026

The Q1 2026 report will be published on April 28, 2026. Silent period starts on March 29, 2026.

Annual General Meeting 2026

The Annual General Meeting for Atlas Copco AB will be held on April 28, 2026, in Stockholm.

Second-quarter report 2026

The Q2 2026 report will be published on July 16, 2026. Silent period starts on June 16, 2026.

Third-quarter report 2026

The Q3 2026 report will be published on October 22, 2026. Silent period starts on September 22, 2026.

Fourth-quarter report 2026

The Q4 2026 report will be published on January 27, 2027. Silent period starts on December 28, 2026.

This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 12:00 CEST on October 23, 2025.