Hexatronic Group — Interim / Quarterly Report 2025

Apr 29, 2025

1 January - 31 March 2025 Highlights of the first quarter

• · Sales increased organically by 1 percent.
• EBITA increased by 10 percent to SEK 184 million (168), . corresponding to an EBITA margin of 9.8 percent (9.4).
• Operating profit (EBIT) increased by 12 percent to SEK 155 . million (138), corresponding to an operating margin of 8.2 percent (7.7).
• Profit for the period increased by 40 percent to SEK 86 . million (61).
• . Earnings per share after dilution amounted to SEK 0.42 (0.31).
• Net sales in Data Center increased by 41 percent. .
• The leverage amounted to 1,9x, which is unchanged from 1.9 . as of December 31, 2024.
• Cash flow from operating activities amounted to SEK -50 . million (270).
• appointed as the new President and CEO of Hexatronic Group, effective March 1, 2025.
• . Hexatronic is introducing new business areas and segment reporting as of the first quarter of 2025 and has made changes to Group Management.
• The decision was made to start manufacturing fiber optic . cables locally in the US. The new production lines are expected to be operational in the second quarter of 2026.

Events after the end of the quarter

Hexatronic has refinanced its senior loans and revolving . credit facility.

Net sales, SEK m

Organic growth +%

EBITA margin %

98%

Figures for the first quarter of 2025

Key figures

	2025	2024		24/25	2024
SEK m	Q1	Q1	4%	R12	Full-year
Net sales	1,882	1,782	6%	7.681	7,581
EBITA	184	168	10%	819	803
EBITA margin	9.8%	9.4%		10.7%	10.6%
Operating profit (EBIT)	155	138	12%	697	680
Profit for the period	86	61	40%	369	344
Earnings per share after dilution, SEK	0.42	0.31	38%	1.81	1.69
Cash flow from operating activities	-50	270	-118%	601	921
Leverage (x)'	1.9	1.7		1.9	1.9

1 Net debt to EBITDA pro forma, excluding IFRS16, R12.

Comments from the CEO

Sales rose 6 percent, driven by a record quarter for Data Center

Hexatronic's sales increased by 6 percent to SEK 1,882 million in the first quarter, driven by a record quarter for Data Center, whose sales rose 41 percent. Harsh Environment continued to develop positively during the quarter, while we saw a slight decline in Fiber Solutions due to lower sales in North America.

The Group's EBITA margin improved to 9.8 percent in the quarter compared to 9.4 percent last year.

Stable sales in Europe for Fiber Solutions

In Europe, Fiber Solutions' sales were on par with the previous year. Growth in the UK and Finland offset lower sales in Sweden, among other countries. The focus has shifted from building fiber networks that pass households to building fiber networks that connect households. Our system solution has many advantages for this type of expansion, including easy and cost-effective installation.

We see limited direct effects of the implementation of import tariffs in the US.

In North America, sales were 9 percent lower than last year but increased sequentially. We note a continued strong interest in our FTTH solutions among US customers. Our US duct business continues to develop stably, which is in line with what we saw at the end of last year. Volumes are higher on an annual basis but are offset by lower price levels.

In the APAC region, the development was strong in the first quarter of the year, with growth of 16 percent.

Overall, sales in Fiber Solutions decreased by 2 percent in the first quarter.

Positive development for Harsh Environment

Sales in Harsh Environment rose 5 percent during the quarter. We continue to see good demand from existing and new customers and see that many projects tend to lead to more orders and new assignments. The Fehmarnbelt Fixed Link, the large tunnel being built between Denmark and Germany, is one such example. The work to streamline manufacturing at the subsidiary Rochester Cable will continue throughout the year. Some positive effects of this work were noted during the first quarter.

Strong start to the year for Data Center

Data Center has had a strong start to the year. Sales increased 41 percent compared to the previous year, with improvements in all

units and a positive contribution from acquired businesses. We have assignments from several of the most prominent players in the data center area, and we see a continued strong market in this customer segment.

Refinancing of loan portfolio

After the end of the quarter, we signed new bank agreements, meaning we are refinancing all our long-term loans on the same terms as before. This gives us continued good flexibility in terms of investments and acquisition-driven growth. We reported a slightly negative cash flow during the first quarter due to increased accounts receivable and inventory build-up ahead of the summer months. At the same time, our leverage was unchanged at 1.9 times pro forma EBITDA (excluding IFRS16).

Limited impact of US tariffs

In line with what we previously communicated, we see limited direct effects of the implementation of import tariffs in the US. Our exposure corresponds to less than 5 percent of the Group's sales. Hexatronic has long had a strategy based on local production, and earlier this year, we decided to set up production of fiber optic cables in the US, starting in the second quarter of 2026, which will further reduce exposure.

Outlook

In Fiber Solutions, the challenging market situation in Europe is expected to persist in the coming quarters with low price levels. The outlook in the US is brighter, although there is uncertainty around tariffs and the macroeconomic environment. The major BEAD program, which aims to support the rollout of FTTH networks in rural America, is expected to reach the market later this year. The focus for the Data Center business area is continued strong growth. We are working to broaden the customer base and strengthen our offering and organization. Work is underway in the Harsh Environment business area to improve operational efficiency and profitability, primarily within the subsidiary Rochester Cable.

We continue to focus on efficiency improvements, including cost savings in Fiber Solutions, and are actively working to continue to broaden our business with new growth areas. We aim to complete one or more acquisitions during the year in Harsh Environment and Data Center. The order book at the end of the first quarter corresponds to approximately 2.5 months of sales.

All in all, this means that our cautiously optimistic view of 2025 remains.

Rikard Fröberg

President and CEO

Net sales and growth

First quarter January 1 - March 31, 2025

The Group's net sales during the first quarter increased by 6 percent to SEK 1,882 million (1,782). Organically, sales increased by 1 percent in the quarter and are mainly attributable to a strong quarter for Data Center and Harsh Environment. Growth from acquisitions amounted to 4 percent and is attributable to Endor. Currency effects during the quarter amounted to 1 percent.

During the period, sales in Fiber Solutions amounted to SEK 1,234 million (1,255), corresponding to 66 percent (70) of the Group's total net sales, where we saw a negative growth of 2 percent compared to the corresponding quarter last year. Sales in Harsh Environment increased 5 percent to SEK 286 million (273) in the quarter, corresponding to 15 percent (15) of the Group's total net sales. The Data Center business area generated revenue of SEK 362 million (256) representing a growth of 41 percent compared to the corresponding quarter last year. Data Center is now the Group's second largest business area, accounting for 19 percent (15) of total net sales.

In total for the Group, sales in Europe increased by 10 percent compared with the previous year. Growth is mainly explained by acquisitions in Data Center during the previous year. North America decreased by 4 percent because of lower price levels in Fiber Solutions, partly offset by higher volumes. APAC and Rest of World performed strongly in the first quarter with sales growth of 27 percent.

Analysis of change in net sales

	01		01
SEK m	2025	(%)	2024	(%)
Previous year's quarter	1,782		2,115
Organic growth	19	1%	-565	-27%
Acquisitions and structural changes	68	4%	234	11%
Exchange-rate effects	13	1%	-2	-0%
Current quarter	1,882	6%	1,782 -16%

Net sales (SEK m) and growth per quarter

Sales by business area

= Harsh Environment, 15%

= Data Center, 19%

Sales by geographical area

■ APAC, 9%

EBITA

First quarter January 1 - March 31, 2025

EBITA increased by 10 percent to SEK 184 million (168) in the quarter, corresponding to an EBITA margin of 9.8 percent (9.4). The higher EBITA margin was positively impacted by the Group's growth compared to the same period last year, together with higher capacity utilization in our factories. This was partly offset by continued price pressure in Fiber Solutions, generally higher freight costs, start-up costs related to the new factory in Utah and increased depreciation.

Financial items

First quarter January 1 - March 31, 2025

Net financial items for the quarter amounted to SEK -31 million (-47), of which net interest amounted to SEK -38 million (-50), realized and unrealized exchange rate differences amounted to SEK 2 million (8) and other financial items to SEK 5 million (-5). Other financial items include revaluation of additional purchase price and acquisition option of SEK 7 million (-4).

Profit for the period

First quarter January 1 - March 31, 2025

Profit after tax for the first quarter amounted to SEK 86 million (61) and earnings per share after dilution increased by 38 percent and amounted to SEK 0.42 (0.31). The tax for the quarter amounted to SEK -37 million (-29), which means that the average effective tax rate in the Group was 30.3 percent (32.4) for the quarter. The lower tax rate compared to the same quarter last year is mainly explained by a higher share of tax-deductible interest expenses.

EBITA (SEKm) and EBITA margin (%)

Earnings per share (SEK)

Cash flow and investments

First quarter January 1 - March 31, 2025

Cash flow from operating activities during the quarter amounted to SEK -50 million (270), including a change in working capital of SEK -192 million (152). Working capital was mainly affected by increased accounts receivable due to higher sales and customer mix, as well as higher inventory levels due to stock build-up ahead of the summer. The negative impact from accounts receivable and inventories was partly offset by increased accounts payable and prepayments from customers.

During the quarter, cash flow from the Group's investing activities amounted to SEK -17 million (-160). Investments in intangible and tangible fixed assets amounted to SEK -14 million (-68) driven by investments in the US mainly related to production and efficiency improvements in Rochester Cable. The cash flow effect related to business acquisitions after deduction of acquired cash and cash equivalents amounted to SEK -3 million (-80).

During the quarter, cash flow from the Group's financing activities amounted to SEK -34 million (-156). The change during the quarter is explained by amortization of lease liabilities of SEK -34 million (-31) and amortization of loans and utilized RCF of SEK -1 million (-124).

Total cash flow for the quarter amounted to SEK -101 million (-46).

Operating cash flow (SEKm)

Business area Fiber Solutions

Fiber optic cables, ducts, and network products for broadband deployment.

Net sales and profit

Net sales decreased by 2 percent to SEK 1,234 million in the first quarter. Sales in North America were lower than last year, but are increasing sequentially. A major delivery of submarine cable was included in the first quarter of 2024. The US duct business showed increased volumes, offset by lower prices than last year. Europe was stable, while APAC and the rest of the world showed strong development. EBITA was in line with last year, with positive effects from better capacity utilization in the factories offset by increased freight costs.

	2025	2024		24/25	2024
SEK m	Q1	01	4%	R12	Full-year
Net sales	1.234	1.255	-2%	5,421	5.441
EBITDA	167	162	3%	830	826
EBITDA %	13.5%	12.9%		15.3%	15.2%
EBITA	105	104	1%	589	587
EBITA %	8.5%	8.3%		10.9%	10.8%
Investments (Capex)	ব	59		231	286
- % of net sales	0.3%	4.7%		4.3%	5.3%

Sales by Geography

= Europe, 54%

= APAC, 11%

= North America, 35%

Q3

Q4

Q1

2025

Q2 |

2024

Q1

Business area Harsh Environment

Advanced, dynamic cables and solutions for connectivity in challenging environments.

Net Sales and profit

Net sales increased 5 percent to SEK 286 million in the first quarter. The change is mainly explained by increased sales to APAC and rest of World. Europe was in line with last year while North America was slightly lower. The companies within Harsh Environment have an international customer base and a majority of revenues from larger projects, which means that sales per geography can fluctuate between quarters. The EBITA margin strengthened compared to the previous year as a result of the ongoing work to streamline manufacturing in Rochester Cable.

	2025	2024		24/25	2024
SEK m	01	01	ﺃﻥ ﺍﻟﻤﺪﻳﻨﺔ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍ	R12	Full-year
Net sales	286	273	5%	1.191	1,178
EBITDA	39	34	13%	163	159
EBITDA %	13.6%	12.6%		13.7%	13.5%
EBITA	29	26	15%	125	121
EBITA %	10.3%	9.4%		10.5%	10.3%
Investments (Capex)	の	7		36	34
- % of net sales	3.2%	2.6%		3.0%	2.9%
Sales by Geography	Net sales and EBITA margin

S

= Europe, 44% = North America, 41%

■ APAC, 15%

Business area Data Center

Customized products and services for large data center companies.

Net Sales and profit

Net sales increased 41 percent to SEK 362 million during the first quarter. Growth was both organic, with all units showing strong performance, and acquisition-related. Sales in North America and Europe account for 99 percent of the business area's total revenue, with both geographical areas showing strong growth. Data Center reports good profitability with an EBITA margin of 18.8 percent during the quarter. Acquired units have a slightly lower margin compared to other companies in the business area, which is in line with our expectations.

	2025	2024		24/25	2024
SEK m	Q1	Q1	4%	R12	Full-year
Net sales	362	256	41%	1,078	972
EBITDA	72	53	35%	191	172
EBITDA %	20.0%	20.9%		17.7%	17.7%
EBITA	68	ব	37%	173	154
EBITA %	18.8%	19.3%		16.1%	15.9%
Investments (Capex)	-	വ		ব	5
- % of net sales	0.3%	0.6%		0.4%	0.5%

Sales by Geography

= Europe, 69%

= APAC, 1%

= North America, 30%

Net sales and EBITA margin

Corporate/Elimination

Corporate functions/Elimination mainly refers to central functions such as corporate staff, as well as other non-core activities within the respective segments, including elimination of internal transactions between segments. In the first quarter, Corporate/Elimination reported an EBITA of SEK -18 million, compared with SEK -11 million in the first quarter last year. The change in earnings compared with the corresponding period last year is mainly explained by costs linked to the change of CFO

	2025	2024		24/25	2024
SEK m	Q1	Q1	A%	R12	Full-year
Net sales	O	-3		-8	-11
EBITDA	-17	-10	68%	-64	-57
EBITDA %
EBITA	-18		-11 63%	-67	-60
EBITA %
Investments (Capex)	O	o		O	O
- % of net sales

Financial position

The Group's net debt, which corresponds to net debt excluding lease liabilities (IFRS 16), amounted to SEK 1,923 million as of 31 March 2025 compared to SEK 1,880 million as of 31 December 2024. The leverage as of 31 March 2025 was 1.9x annualized EBITDA, compared to 1.9x as of 31 December 2024.

Available funds as of 31 March 2025, including unutilized credit facilities, amounted to SEK 1,783 million compared to available funds of SEK 1,889 million as of 31 December 2024.

Equity

Equity amounted to SEK 3,855 million on March 31, 2025, corresponding to SEK 18.76 per outstanding share at the end of the reporting period before dilution, compared to equity of SEK 4,057 million on December 31, 2024.

Employees

The number of employees in the whole group as of March 31, 2025, was 1,997, compared to, 1 967 employees as of December 31, 2024.

Parent company

The Parent Company's main business consists of performing Group-wide services. Revenue for the period January to March amounted to SEK 37 million (33) and profit after financial items amounted to SEK 81 million (-117). The change compared with the previous year is mainly explained by exchange rate effects on the revaluation of receivables and liabilities in foreign currency and by an increase in the dividends received from subsidiaries. The parent company's short-term liabilities, primarily consisting of internal cash pool debts, are currently funded through the internal cash pool but will increasingly be funded through dividends and group contributions going forward.

Significant events

Rikard Fröberg appointed as new President and CEO

January 22, 2025 - Following a global recruitment process, Hexatronic Group's Board of Directors appointed Rikard Fröberg as the new President and CEO. He joins Hexatronic from Ansell Ltd, a global leader in personal protective equipment, where he was Chief Product and Marketing Officer. Rikard Fröberg took up the position on March 1, 2025. He succeeded Henrik Larsson Lyon, who announced his retirement in September 2024.

Hexatronic introduces new segment reporting, changes in Group Management

February 4, 2025 - As of the first quarter of 2025, new business areas and segment reporting are introduced. The Group's previous focus areas have evolved into three business areas -Fiber Solutions, Harsh Environment, and Data Center - to provide additional focus to Hexatronic's growth strategy. In conjunction with this, Anna Bailey, Sourcing and Supply Director, and Tomas Jendel, CTO, left the Group Management Team to continue their respective roles within the Fiber Solutions business area. Linn Lundstedt, General Counsel and Company Secretary of Hexatronic Group, joined the Group Management team.

Manufacturing fiber optic cables in the USA

February 18, 2025 - In February, Hexatronic decided to begin manufacturing its industryleading fiber optic cables in the United States. The decision is accompanied by a commitment to invest in equipment, additional staff, and training at Hexatronic's facility in Clinton, South

Number of employees

Carolina. The new production lines are expected to be operational in the second quarter of 2026.

Presentation of business areas at Investor Update

March 28, 2025 - Hexatronic hosted a capital markets event - Investor Update - at the end of March. The purpose was to provide an in-depth insight into the Group's business areas and the markets in which they operate in connection with Hexatronic's transition to new segment reporting as of the first quarter of 2025. Recalculated historical segment reporting for 2024 was presented to facilitate comparisons between years.

After the end of the quarter

Refinancing of senior loans and revolving credit facility

April 8, 2025—Hexatronic has refinanced all senior loans and the company's revolving credit facility with its current lenders, Danske Bank A/S, Skandinaviska Enskilda Banken AB (publ), and AB Svensk Exportkredit. The new loan agreement amounts to SEK 3.5 billion. Credit documentation and financial covenants are the same as in the previous agreement. The new loan agreement runs until April 2028, with an option to extend it to 2030 at the latest.

Other information

Share structure

The Company's ordinary shares are listed on the Nasdaq Stockholm main market and are included in the Mid Cap segment.

As of March 31, 2025, the total number of shares was 208,334,746, of which 205,472,710 are ordinary shares and 2,862,036 are C shares. Each share has a quota value of SEK 0.01. The ordinary shares entitle the holder to one vote per share at the Annual General Meeting and to cash dividends. The C shares, whose purpose is to secure the allocation and costs of the company's annual long-term incentive program, entitle the holder to 1/10th of a vote at the Annual General Meeting, but do not entitle the holder to dividends.

Total share capital at the end of the period amounted to SEK 2 million.

Largest shareholders

The company's market capitalization at the end of the period was SEK 5,081 million. Based on information from Monitor of Modular Finance AB and subsequently known changes, the number of shareholders was 55,172 at the end of the period. The largest shareholders in Hexatronic Group AB (publ) as of March 31, 2025, are shown in the table below.

	No. of ordinary
Shareholder	shares	Votes
Handelsbanken Funds	18,563,898	9.0%
AMF Pension & Funds	12,572,376	6.1%
Accendo Capital	12,107,134	5.8%
Jonas Nordlund	11,052,162	5.4%
Third AP fund	9,971,542	4.9%
Vanguard	6,947,067	3.4%
Chirp AB	6,333,449	3.1%
Avanza Pension	5,419,243	2.6%
Henrik Larsson Lyon	4,139,592	2.0%
Swedbank Insurance	3,317,743	1.4%
Other shareholders	115,048,504	56.3%
Total outstanding ordinary shares	205,472,710	100.0%

Source: Modular Finance Monitor

Annual General Meeting 2025

Hexatronic's 2025 Annual General Meeting will take place on Monday, May 5, 2025, at CET 15.00 at Gothia Towers, Mässans gata 24 in Gothenburg. The last day for registration to participate in the Annual General Meeting was Monday, April 28, 2025. The Board of Directors' and the Nomination Committee's proposals for resolutions were made public in the notice of the Annual General Meeting, which was published on April 2, 2025. Shareholders who wished to have a matter dealt with at the AGM had the opportunity to submit such a request in writing to the Board. The notice, information about the Annual General Meeting, and supporting documents for decision points are available on Hexatronic's website, under the Corporate Governance section: https://www.hexatronic.com/en/investors/annual-generalmeeting

Transactions with related parties

The Group leases premises from Fastighets AB Balder, in which the Group's Board member Erik Selin has significant influence. The lease contracts have been entered into on standard

commercial terms. The rent for the premises amounts to approximately SEK 6 million on an annual basis.

Seasonal variations

Hexatronic's sales of products and services within Fiber Solutions are affected by seasonal variations, which means that sales during the first and fourth quarters of the year are usually slightly lower than during the summer months when weather conditions are more favorable for groundwork. Sales in Harsh Environment are not affected by seasonality, while Data Center tends to have slightly higher activity in the first half of the year and slightly lower in the second half

Significant risks and uncertainties

Hexatronic's operations, like all business activities, are associated with risks of various kinds. Identifying and evaluating risks is a natural and integral part of the business to control, limit, and proactively manage prioritized risks. The Group's ability to identify and prevent risks minimizes the risk of unpredictable events harming the company. Risk management aims not necessarily to

eliminate risk, but rather to secure our business objectives with a balanced risk portfolio.

Risks related to business development and long-term strategic planning, as well as the Group's work with sustainability issues and related risks, are managed by Group Management and ultimately prioritized by the Board of Directors.

Hexatronic has divided identified risks into market-related, operational, regulatory, and financial risks. Sustainability risks are integral to all risk areas and are described in more detail in the Group's sustainability report.

A more detailed description of the Group's risks and risk management is provided in Hexatronic Group's Annual Report and Sustainability Report 2024, on pages 50-53.

Current geopolitical uncertainty, uncertainty about trade barriers and tariffs, and a generally uncertain macroeconomic situation affect Hexatronic. The Group's strategy of local manufacturing helps to reduce these risks.

The expansion of fiber optic infrastructure is supported by private players and government investment programs, such as the

Gigabit Strategy in Germany, the Project Gigabit in the UK, and the BEAD program in the US. Similar programs exist in most countries. Should the willingness to invest decrease, for example, due to increased costs and/or reduced government investment programs, this could affect Hexatronic's business and thus future revenues. In recent years, Hexatronic has diversified its business by expanding into new geographic markets, market segments, and applications, and therefore has limited exposure to developments in individual markets.

Review

This interim report has not been subject to review by the company's auditor.

Göteborg, 29 April 2025

Rikard Fröberg

President and CEO Hexatronic Group AB (publ)

This is Hexatronic

Hexatronic creates sustainable networks for customers around the world. We believe that the more people who have access to what the future has to offer, the better the future will be.

Three business areas

By developing our business around strategic growth markets, we are strengthening our position for the future. This means optimizing our capital allocation and creating an attractive risk profile. Based on end-customer markets and applications, we have organized our operations into three business areas - Fiber Solutions, Harsh Environment, and Data Center.

What they have in common is solid expertise in fiber optic infrastructure and the ability to deliver sustainable, high-quality solutions to customers worldwide

Sustainability at Hexatronic

Hexatronic strives to be at the forefront of developing sustainable fiber infrastructure solutions for sectors such as telecom, data storage and energy. Enabling always-on connectivity helps drive the digital transformation, which is key to solving many of today's challenges and lays the foundation for greener, smarter and safer societies

Our three sustainability focus areas are Planet, People and Ethics. These areas form the basis of our 2030 Sustainability Roadmap. To succeed. we ensure that sustainability is an integral part of our business and that our corporate culture leads the way. We engage and collaborate to find the best solutions and raise awareness through training, communication and sharing best practices.

Global presence, local business

Hexatronic's largest geographical markets are Northern Europe and North America. We have a strong position in countries such as the US, Germany and the UK, which are attractive growth markets.

In 2024, Europe accounted for 54 percent of the Group's sales, North America for 37 percent and APAC and the rest of the world for 9 percent. We address markets based on their growth potential and taking into account maturity, competitive situation and local attitudes to technology and quality. We work in a customer-centric way with local presence in all key markets.

We are proud and active members of several national, European and global sustainability organizations. As a participant in the Global Compact, we commit to the ten principles of the UN Global Compact and contribute to the 2030 Agenda. Each sustainability focus area with associated targets and KPIs is linked to the Sustainable Development Goals and the ten principles. We are committed to facilitating digitalization and driving sustainability in our field as a member of the FTTH Council's Sustainability Committee, which compiles best practices for fiber network deployment and drives climate action in the FTTH value chain.

Read about Hexatronic's goals, activities, and progress in our Annual Report and Sustainability Report 2024.

Consolidated income statement

		2025	2024	2024
SEK m	Note	Q1	Q1	Full-year
Revenue
Net sales	2	1,882	1,782	7,581
Other operating income		28	23	77
Total		1,909	1,804	7,658
Operating expenses
Raw materials and goods for resale		-1,099	-1,060	-4,413
Other external costs		-218	-185	-854
Personnel costs		-319	-304	-1,251
Other operating expenses		-12	-14	-41
Depreciation of tangible assets		-77	-72	-297
Earnings before amortisation of intangible assets (EBITA)		184	168	803
Amortisation of intangible assets		-30	-30	-123
Operating profit (EBIT)		155	138	680
Result from financial items
Financial items, net		-31	-47	-179
Result after financial items		124	91	501
Income taxes		-37	-29	-157
Net result for the period		86	61	344
Attributable to:
Parent Company shareholders		87	62	346
Non-controlling interest		-1	-1	-1
Net result for the period		86	61	344
Earnings per share
Earnings per share before dilution (SEK)		0.42	0.31	1.69
Earnings per share after dilution (SEK)		0.42	0.31	1.69

Consolidated statement of comprehensive income

	2025	2024	2024
SEK m	01	01	Full-year
Profit for the period	86	દન	344
ltems which can later be recovered in the income statement
Translation differences	-361	265	300
Hedging of net investments	91	-96	-142
Tax attributable to items that can be returned to the income statement	-19	20	29
Other comprehensive income for the period	-289	188	187
Comprehensive income for the period	-203	249	532
Attributable to:
Parent Company shareholders	-201	249	532
Non-controlling interest	-2		O
Comprehensive income for the period	-203	249	532

Consolidated balance sheet

SEK m	Note	2025-03-31	2024-03-31	2024-12-31
Assets
Non current assets
Intangible fixed assets		2,845	3,097	3,041
Property plant and equipment		2,315	2,393	2,501
Financial assets		55	17	ଚିଚ
Total non-current assets		5,214	5,507	5,608
Current assets Inventories
		1,488	1,352	1,442
Accounts receivable		1,263	1,250	1,121
Other receivables		11	27	13
Prepaid expenses and accrued income		210	111	146
Cash and cash equivalents		499	795	633
Total current assets		3,471	3,536	3,355
TOTAL ASSETS		8,685	9,044	8,962
Equity		3,855	3,692	4,057
Non-current liabilities
Liabilities to credit institutions	7	2,274	2,747	2,361
Deferred tax		253	254	276
Non-current lease liabilities		386	482	425
Other non-current liabilities	8	133	340	352
Total non-current liabilities		3,046	3,823	3,413
Current liabilities
Liabilities to credit institutions	7	149	151	152
Current lease liabilities		125	106	132
Accounts payable		750	637	679
Provisions		26	43	34
Current tax liabilites		49	50	57
Other liabilities	8	307	169	91
Accrued expenses and deferred income		380	372	345
Total current liabilities		1,784	1,529	1,491
TOTAL EQUITY, PROVISION AND LIABILITIES		8,685	9,044	8,962

Consolidated statement of changes in equity

					Result
		Other			brought forward,
		capital			including		Non-
	Share	contri-		Hedging	result for		controlling	Total
KSEK	Capital		butions Reserves	reserve	the period	Total	interests	equity
Balance brough forward as of 1 January, 2024	2	059	129	54	2,258	3,402	35	3,438
Profit for the period					346	346	-1	344
Other comprehensive income			299	-112		186	1	187
Total comprehensive income			299	-112	346	532	0	532
New shares related to employee stock option programme	0	રૂડિક				63	-	63
Employee stock option programme	-	4				4		4
Share-based remuneration	O				9	9		9
Sale of shares linked to incentive programme					12	12		12
Total transactions with shareholders, reported directly in equity	0	୧୫	0	0	21	88	0	88
Balance carried forward as of 31 December, 2024	2	1,027	428	-58	2,624	4,022	35	4,057
Balance brough forward as of 1 January, 2025	2	1,027	428	-58	2,624	4,022	35	4,057
Profit for the period					87	87	-1	86
Other comprehensive income			-360	72		-288	-1	-289
Total comprehensive income			-360	72	87	-201	-2	-203
Employee stock option programme		1				1	-	1
Share-based remuneration					-1	-1	-	-1
Total transactions with shareholders, reported directly in equity		1			-1	0		0
Balance carried forward as of March 31, 2025	2	1,028	୧୫	14	2,710	3,822	33	3,855

Consolidated statement of cash flow

		2025	2024	2024
SEK m	Note	Q1	Q1	Full-year
Operating profit		155	138	680
Items not affecting cash flow	ട	69	94	401
Interest received		3	1	12
Interest paid		-36	-45	-175
Income tax paid		-48	-69	-211
Cash flow from operating activities before changes in working capital		142	118	708
Increase (-)/decrease (+) in inventories		-127	88	-9
Increase (-)/decrease (+) in accounts receivable		-204	-64	76
Increase (-)/decrease (+) in operating receivables		-24	-10	8
Increase (+)/decrease (-) in accounts payable		97	128	169
Increase (+)/decrease (-) in operating liabilities		66	11	-30
Cash flow from changes in working capital		-192	152	213
Cash flow from operating activities		-50	270	921
Investing activities
Acquisition of tangible and intangible assets		-14	-68	-325
Acquisition of subsidiaries after deduction of cash and cash equivalents		-3	-80	-171
Change in financial assets		O	-12	-12
Cash flow from investing activities		-17	-160	-508
Financing activities
Amortisation of loans		-1	-124	-556
Amortisation of lease liabilities		-34	-31	-133
Sale of shares				12
New shares related to employee stock option programme				૯૩
Cash flow from financing activities		-34	-156	-613
Cash flow for the period		-101	-46	-200
Cash and cash equivalents at the start of the period		633	813	813
Exchange rate difference in cash and cash equivalents		-33	28	21
Cash and cash equivalents at the end of the period		499	795	୧33

Key metric for the Group

	2025	2024	24/25	2024
SEK m	01	Q1	R12	Full-year
Growth in net sales	6%	-16%	-2%	-7%
EBITA margin	9.8%	9.4%	10.7%	10.6%
EBI I A margin, 12 months rolling	10.7%	13.3%	10.7%	10.6%
Operating margin	8.2%	7.7%	9.1%	9.0%
Equity asset ratio	44.4%	40.8%	44.4%	45.3%
Earnings per share before dilution (SEK)	0.42	0.31	1.81	1.69
Earnings per share after dilution (SEK)	0.42	0.31	1.81	1.69
Net sales per employee (SEK thousand)	951	932	3,883	3,866
Result per employee (SEK thousand)	44	32	187	176
Quick asset ratio	111%	143%	111%	128%
Cash flows from operating activities	-50	270	601	921
Leverage, x	1.9	1.7	1.9	1.9
Average number of employees	1,980	1,912	1,978	1,961
Number of shares at period end before dilution	205,472,710	203,026,610	205,472,710	205,472,710
Average number of shares before dilution	205,472,710	203,026,610	204,861,185	204,249,660
Average number of shares after dilution	205,472,710	203,026,610	204,963,203	204,453,694

For definition of key metric, see the section Definition alternative key metrics.

The key metrics presented are deemed essential to describing the Group's development as they both constitute the Group's financial objectives (growth in net sales and EBITA margin) and are the key metrics by which the Group is governed. Several key metrics are considered relevant to investors, such as earnings per shares. Other key metrics are presented in order to provide different perspectives on how the Group is developing and are therefore deemed to be of benefit to the reader.

Parent Company income statement

	2025	2024	2024
SEK m	Q1	Q1	Full year
Revenue
Net sales	37	રૂઝ	140
Total	37	33	140
Operating expenses
Other external costs	-33	-26	-108
Personnel costs	-19	-22	-83
Other operating expenses	-0	-0	-1
Depreciation of tangible assets	-0	-0	-0
Earnings before amortisation of intangible assets (EBITA)	-16	-16	-53
Amortisation of intangible assets	-1	-1	-2
Operating profit (EBIT)	-16	-16	-55
Result from financial items
Financial items, net	97	-100	2,120
Result after financial items	81	-117	2,064
Appropriations			વેરૂ
Result before tax	81	-117	2,158
Income taxes	-9	19	20
Net result for the period	72	-97	2,177

Total comprehensive income is the same as profit for the period in the parent company since there is nothing accounted for as other comprehensive income.

Parent Company balance sheet

SEK m	2025-03-31	2024-03-31	2024-12-31
Assets
Intangible assets	2	7	2
Tangible assets	0	1	0
Financial assets	6,513	4,476	6,578
Total non-current assets	6,515	4,484	6,581
Current receivables
Receivables from Group companies	318	289	297
Current tax receivables	2	21	1
Other receivables	0	2	1
Prepaid expenses and accrued income	12	13	9
Total current receivables	332	324	308
Cash and bank balances	34	54	97
Total current assets	366	378	405
TOTAL ASSETS	6,881	4,862	6,986
Equity	3,320	889	3,249
Untaxed reserves	29	29	29
Non-current liabilities
Liabilities to credit institutions	2,267	2,733	2,353
Other non-current liabilities	87	345	301
Total non-current liabilities	2,354	3,048	2,654
Current liabilities
Liabilities to credit institutions	149	151	152
Accounts payable	10	10	11
Provisions	2	3	2
Liabilities to Group companies	779	648	864
Other liabilities	209	58	1
Accrued expenses and deferred income	29	27	22
Total current liabilities	1,177	895	1,054
TOTAL EQUITY, PROVISIONS AND LIABILITIES	6,881	4,862	6,986

Note 1. Accounting principles

The consolidated financial statements for Hexatronic Group ("Hexatronic") have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU, RFR 1 Supplementary Accounting Rules for Groups and the Swedish Annual Accounts Act. This interim report has been prepared in accordance with IAS 34 Interim Reporting, the Swedish Annual Accounts Act and RFR 1 Supplementary Accounting Rules for Groups.

The Parent Company's financial statements have been prepared in accordance with the Swedish Annual Accounts Act and the

Swedish Financial Reporting Board's recommendation RFR 2 Accounting for Legal Entities. The application of RFR 2 means that in its interim report for the legal entity, the Parent Company applies all IFRS, and statements adopted by the EU as far as possible within the framework of the Swedish Annual Accounts Act and the Swedish Insurance Act and regarding the relationship between accounting and taxation.

For full accounting policies, see the Annual Report for 2024.

Note 2. Revenue

Jan-Mar 2025		North
Geographical markets	Europe	America	APAC	Total
Fiber Solutions	670	434	130	1,234
Harsh Environment	125	117	44	286
Data Center	249	110	3	362
Corporate/Elimination	O	0	0	0
Total	1,043	661	177	1,882
Category
Goods	904	578	174	1,657
Services	139	83	3	225
Total	1,043	661	177	1,882
Jan-Mar 2024		North
Geographical markets	Europe	America	APAC	Total
Fiber Solutions	668	475	112	1,255
Harsh Environment	123	127	22	273
Data Center	161	89	6	256
Corporate/Elimination	-2	0	-1	-3
Total	951	692	139	1,782
Category
Goods	845	644	133	1,622
Services	105	47	7	159

Note 3. Segment overview

As of the first quarter of 2025, the Group has introduced new segment reporting, changing from previously reporting one segment to now reporting three separate segments. The new segment structure reflects the internal reporting structure used for performance monitoring and resource allocation.

The Group's reportable operating segments have been identified from a management perspective. The segment information is based on internal reporting to the chief operating decision maker. which at Hexatronic has been equated with Group Management.

The Group´s operations are managed and reported by three business segments:

Fiber Solutions is the Group 's business in fiber optic cables, ducts and network products for FTTH connectivity, 5G, transport networks, local city networks and submarine cables. Customers are mainly telecom operators, network owners, and distributors.

Harsh Environment provides advanced cables and solutions adapted to withstand connectivity in the most challenging environments. Customers are mainly companies in the energy sector (offshore), marine technology, defense, and aerospace. The business area also includes the business of advanced fiber optic sensor systems.

Data Center offers tailor-made products and services for the data center market, such as cables and networking products, as well as design, installation, and project management. Customers include major global cloud companies, co-location operators, and large enterprises such as banks, automotive manufacturers, and industrial companies.

In addition to the mentioned segments, central functions are reported under Corporate/Elimination. This mainly includes Group staff, central departments, and other activities outside the core operations of each segment, including the elimination of internal transactions between segments.

Consolidation of the business segments is carried out in accordance with the same accounting principles applied to the Group as a whole. Transactions between business segments are conducted on market terms. Comparative figures for previous periods have been restated in accordance with the new segment structure.

The segments are managed and reported based on key financial metrics: net sales, EBITDA, EBITA, and investments (acquisitions of tangible and intangible fixed assets), which are presented below.

	2025	margin	2024	margin	2024	margin
Net sales	Q1	%	Q1	%	Full year	%
Fiber Solutions	1,234		1,255		5,441
Harsh Environment	286		273		1,178
Data Center	362		256		972
Corporate/Elimination	O		-3		-11
Total net sales	1,882		1,782		7,581
EBITDA
Fiber Solutions	167	13.5%	162	12.9%	826	15.2%
Harsh Environment	39	13.6%	34	12.6%	159	13.5%
Data Center	72	20.0%	રૂડે	20.9%	172	17.7%
Corporate/Elimination	-17		-10		-57
Total EBITDA	261	13.9%	240	13.5%	1,0999	14.5%
Depreciation of tangible assets	-77		-72		-297
EBITA
Fiber Solutions	105	8.5%	104	8.3%	587	10.8%
Harsh Environment	29	10.3%	26	9.4%	121	10.3%
Data Center	୧୫	18.8%	49	19.3%	154	15.9%
Corporate/Elimination	-18		-11		-60
Total EBITA	184	9.8%	168	9.4%	803	10.6%
Amortisation of intangible assets	-30		-30		-123
Financial items, net	-31		-47		-179
Result after financial items	124		91		501
Investments (Capex)
Fiber Solutions	4		59		286
Harsh Environment	9		7		34
Data Center	1		2		5
Corporate/Elimination	0		0		0
Total investments (Capex)	14		68		325

Summary of key performance indicators for the Group's segments:

Growth by business area and geography

	2025	Allocation	Growth
SEK m	Q1	(%)	(%)
Fiber Solutions	1,234	66%	-2%
Harsh Environment	286	15%	5%
Data Center	362	19%	41%
Other	O	0%
Total	1,882	100%	6%
	2025	Allocation	Growth
SEK m	Q1	(%)	(%)
Europe	1,043	56%	10%
North America	661	35%	-4%
APAC	177	9%	27%
Total	1,882	100%	6%

Note 4. Business acquisitions

Acquisitions 2025

No acquisitions have been made during or after the first quarter of 2025.

Acquisitions 2025

On February 2, 2024, the Group acquired 97 percent of MConnect") for a fixed purchase consideration of GBP 0.6 million on a debt free basis. The acquisition of MConnect includes a put/call option to acquire the remaining 3 percent after 2027. Both parties have the right to exercise the option and it is considered likely that the option will be exercised, hence the acquisition is recognized at 100 percent with no non-controlling interest. The expected purchase price for the remaining 3 percent is recognized as a liability with any changes in value through the income statement.

On October 1, 2024, the Group entered into an asset acquisition of parts of Iced purchase price of EUR 1.1 million on a debt-free basis, as well as a maximum present value calculated additional purchase price amounting to EUR 0.2 million.

The acquisitions have not had any material impact on Hexatronic's balance sheet, net sales and earnings for the period.

Note 5. Incentive programs

Employee stock option programs active at the time of this publication are:

Outstanding warrant	Number of	Corresponding	Proportion of
programme		warrantes number of shares	total shares	Exercise price	Expiration period
Warrant programme 2021/2024	463.000	463.000	0.2%	96.96	15 may - 15 jun 2025
Warrant programme 2022/2025	377.500	377.500	0.2%	96.20	15 may - 15 jun 2026
Warrant programme 2022/2025	387.500	387,500	0.2%	55.30	13 may - 13 jun 2027
Total	1,228,000	1,228,000	0.6%

In addition to above warrant programs, there ongoing long-term, performance-based incentive plans (LTIP 2022, 2023 and 2024) for 42 senior executives and other key employees in the Group who are resident in Sweden. The participants have invested 192,053 savings shares in total.

Under the LTIP, for each acquired Hexatronic share), participants can receive 2–6 shares in Hexatronic (performance shares) free of charge, assuming achievement of certain performance targets. To qualify for performance shares, participants must acquire and retain a number of Hexatronic shares for the three-year vesting period and must, with some exceptions, remain in employment during the same period. In additions, performance shares also require certain performance targets to be met, linked to the development of the earnings per share after dilution, the Group's growth, EBTTA margin and certain sustainability targets.

The targets relate to the 2022-2026 financial years. Hexatronic has judged that all the above conditions are non-market related onditions under IFRS 2.

Note 6. Items not affecting cash flow

	2025	2024	2024
(SEK m)	Q1	O1	Full-year
Depreciation/amortisation	106	102	419
Revaluation of incentive programmes	O	7	24
Work in progress, accrued but not invoiced	-27	ന	-36
Change obsolescence reserve inventory	3	1	22
Other provisions	-9	-18	-28
Exchange rate differences	-5	O	-1
Other	O	O
Total	69	94	401

Note 7. Liabilities to credit institutions

			Cash flow	ltems not affecting cash flow
SEK m	2024-12-31	Borrowings	Amortisation of loan	Acquist ions	Reclass-	Change in ification exchange rate	Cost of financing	2025-03-31
Non-current liabilities to credit institutions	2,361					-88		2,274
Current liabilities to credit institutions	152		-1 -1			-3		149
Total	2.513	l	T			-91	1	2,422

	2023-12-31	Cash flow
SEK m		Borrowings	Amortisation of loan	Acquist ions	Reclass-	Change in ification exchange rate	Cost of financing	2024-03-31
Non-current liabilities to credit institutions	2,774				-124	96		2.747
Current liabilities to credit institutions	150		-124		124			151
Total	2,924		-124			છેદ		2.897

Note 8. Financial liabilities valued at fair value via the income statement

		Cash flow
SEK m	2024-12-31	Payment	Acquisi tion	Reclass- ification	Translation differences	Revaluation	2025-03-31
Additional purchase price	352	-3			-3	-7	340
/ Acquistion option
		Cash flow			ltems not affecting cash flow
SEK m	2023-12-31	Payment	Acquisi tion	Reclass- ification	Translation differences	Revaluation	2024-03-31
Additional purchase
price	461	-74	17		2	ব	409
Acquistion option

Quarterly overview

Segment reporting by quarter

	2024				2025
SEK m	Q1	Q2	റ്റു	Q4	Q1
Fiber Solutions
Net sales	1,255	1,457	1,430	1,299	1,234
EBITDA	162	230	238	195	167
EBITDA%	12.9%	15.8%	16.7%	15.0%	13.5%
EBITA	104	169	180	135	105
EBITA%	8.3%	11.6%	12.6%	10.4%	8.5%
Investments (Capex)	59	86	68	74	4
Harsh Environment
Net sales	273	319	291	296	286
EBITDA	34	48	43	34	39
EBITDA%	12.6%	15.0%	14.8%	11.4%	13.6%
EBITA	26	38	34	24	29
EBITA%	9.4%	12.1%	11.6%	8.0%	10.3%
Investments (Capex)	7	6	9	12	9
Data Center
Net sales	256	250	233	233	362
EBITDA	રૂઝ	46	રેત્વે જિલ્લામાં આવેલું એક ગામનાં લોકોનો મુખ્ય વ્યવસાય ખેતી, ખેતમજૂરી તેમ જ પશુપાલન છે. આ ગામમાં પ્રાથમિક શાળા, પંચાયતઘર, આંગણવાડી તેમ જ દૂધની ડેરી જેવી સવલતો પ્રાપ્ય થયેલી	34	72
EBITDA%	20.9%	18.2%	16.5%	14.7%	20.0%
EBITA	49	41	34	30	68
EBITA%	19.3%	16.5%	14.6%	12.7%	18.8%
Investments (Capex)	2	3	0	1	1
Corporate/Elimination
Net sales	-3	-2	-3	-3	0
EBITDA	-10	-25	-16	-6	-17
EBITDA%
EBITA	-11	-26	-17	-6	-18
EBITA%
Investments (Capex)	0	0	0	0	0
Total
Net sales	1,782	2,024	1,951	1,824	1,882
EBITDA	240	298	304	258	261
EBITDA%	13.5%	14.7%	15.6%	14.1%	13.9%
EBITA	168	222	230	182	184
EBITA%	9.4%	11.0%	11.8%	10.0%	9.8%
Investments (Capex)	୧୫	95	77	85	14

Reconciliation between IFRS and key metrics used

In this interim report, Hexatronic presents certain financial parameters that are not defined in IFRS known as alternative key metrics. The Group believes that these parameters provide valuable supplementary information for investors as they facilitate an evaluation of the company's results and position. Since not all

companies calculate financial parameters in the same way these metrics are not always comparable with those used by other companies. Investors should see the financial parameters as a complement to rather than a replacement for financial reporting in accordance with IFRS.

	CUZO	2024	2024
Organic growth, SEK m, %	Q1	Q1	Full-year
Net sales	1,882	1,782	7,581
Exchange-rate effects	-13	2	26
Acquisition driven	-68	-234	-528
Comparable net sales	1,801	1,549	7,079
Net sales corresponding period previous year	1,781	2,115	8,150
Organic growth	19	-565	-1,071
Organic growth %	1%	-27%	-13%
	2025	2024	2024
Annual growth, rolling 12 months, %	Q1	Q1	Full-year
Net sales rolling 12 months	7,681	7,817	7,581
Annual growth, rolling 12 months	-2%	7%	-7%
Quick asset ratio, %		2025-03-31 2024-03-31	2024-12-31
Current assets	3,471	3,536	3,355
Inventories	-1,488	-1,352	-1,442
Current assets - inventories	1,983	2,185	1,913
Current liabilities	1,784	1,529	1,491
Quick asset ratio	111%	143%	128%
Core working capital, SEK m		2025-03-31 2024-03-31 2024-12-31
Inventories	1,488	1,352	1,442
Accounts receivable	1,263	1,250	1,121
Accounts payable	-750	-637	-679
Core working capital	2,001	1,965	1,884
Net debt, SEK m	2025-03-31	2024-03-31	2024-12-31
Non-current liabilities to credit institutions	2,274	2,747	2,361
Current liabilities to credit institutions	149	151	152
Cash and cash equivalents	-499	-795	-633

	2025	2024	2024
EBITDA and EBITDA (proforma) R12, SEK m	01	Q1	Full-year
Operating profit (EBIT), R12	697	920	680
Amortisation of intangible fixed assets, R12	122	118	123
EBITA, R12	819	1,038	803
Depreciation of tangible fixed assets, R12	301	251	297
EBITDA, R12	1,120	1,289	1,0999
EBITDA (proforma), R12	1,124	1,360	1,106
Leasing effect (IFRS 16) on EBITDA, R12	-135	-104	-133
EBITDA exclusive IFRS16 (proforma), R12	989	1,257	974
	2025	2024	2024
Leverage, x	01	Q1	Full-year
Net debt	1,923	2,102	1,880
EBITDA exclusive IFRS16 (proforma), R12	989	1,257	974
Nettoskuld / EBITDA exclusive IFRS 16 (proforma), R12	1.9	1.7	1.9

Definition of alternative key metrics

Acquisition-driven growth

Net sales from acquired businesses during the following twelve months after the acquisition date.

Annual growth

Average annual growth is calculated as the Group's total net sales during the period compared with the corresponding period last year.

Average number of outstanding shares

Weighted average of the number of outstanding shares during the period.

Average number of outstanding shares after dilution

Weighted average of the number of shares outstanding during the period plus a weighted number of shares that would be added if all potential shares were converted into shares.

Core-working capital

Calculated as inventory plus accounts receivable minus accounts payable.

Earnings per share before dilution

Profit for the period attributable to parent company shareholders divided by the average number of outstanding shares before dilution.

Earnings per share after dilution

Profit for the period attributable to parent company shareholders divided by the average number of outstanding shares after dilution.

EBITDA

Operating profit before amortization and impairment of intangible assets.

EBITDA (proforma), R12

Operating profit before depreciation and amortization plus pro forma acquired EBITDA, before closing, for the last twelve months.

EBITA

Operating profit before amortization of intangible non-current assets.

EBITA margin

EBITA as a percentage of net sales.

FRIT

Operating profit. Revenue minus all costs related to operations, but excluding net financial items and income tax.

EBIT margin

Operating profit as a percentage of net sales.

Equity asset ratio

Total equity as a percentage of total assets.

Equity per share

Total equity is divided by the number of shares outstanding.

Gross profit

Net sales minus costs for raw materials and goods for resale.

Gross profit margin

Gross profit as a percentage of net sales.

Investments (Capex)

Acquisitions of tangible and intangible assets.

Leverage

Net debt to EBITDA (pro forma), excluding IFRS16, R12.

Net debt

Interest-bearing liabilities, excluding lease liabilities, minus cash and cash equivalents.

Number of employees

Number of employees at the end of the period.

Number of shares

Number of outstanding shares at the end of the period.

Organic growth

Organic growth is calculated as net sales adjusted for exchange rate effects and acquired businesses in relation to the previous year's net sales adjusted for acquired businesses.

Quick asset ratio

Calculated as current assets minus inventories divided by current liabilities.

Presentation

Hexatronic will present the interim report at a webcast conference call today, Tuesday, April 29, 2025, at 10.00 CEST. CEO Rikard Fröberg, CFO Pernilla Lindén and Deputy CEO Martin Åberg will participate.

Link to the webcast: https://hexatronicgroup.events.inderes.com/q1-report-2025

For registration and participation via the teleconference: https://conference.inderes.com/teleconference/?id=500519 12

Webcast and presentation materials will be available on the Hexatronic website.

lf you have any questions, please contact

Pernilla Grennfelt, Head of Investor Relations +46 (0) 70-290 99 55

For more information, please visit https://www.hexatronic.com/en/investors

Calendar

May 5, 2025 Annual General Meeting 2025 July 14, 2025 Half-year report 2025 October 24, 2025 Interim report January - September 2025 February 5, 2026 Year-end report 2025

This information is information that Hexatronic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above, on April 29, 2025, at 07.00 CEST.

This is a translation of the Swedish version of the interim report. When in doubt, the Swedish wording prevails.

Hexatronic Group AB (publ) Corp id. no. 556168-6360 Sofierogatan 3a, S-412 51 Göteborg, Sweden www.hexaronic.com