Loomis

Interim / Quarterly Report • Jul 25, 2025

Interim Report January – June 2025

A solid organic growth and strong operating margin

Comments on quarter 2

• Revenue for the quarter was SEK 7,407 million (7,639). Revenue growth was –3.0 percent (8.0) of which organic growth was 3.8 percent (7.0). Acquisitions contributed with 1.0 percent (3.0) and the exchange rate effect on revenue was –7.9 percent (–1.9).

1

• Operating income (EBITA) for the quarter was SEK 944 million (887). The operating margin (EBITA) increased to 12.7 percent (11.6).
• Operating income (EBIT) before items affecting comparability for the quarter was SEK 882 million (834) and operating margin (EBIT) before items affecting comparability was 11.9 percent (10.9).
• Items affecting comparability during the quarter totaled SEK –68 million (–97), driven by restructuring within segment Europe and Latin America and positive M&A-related items.
• Income before taxes for the quarter was SEK 664 million (550) and net income was SEK 478 million (396).
• Basic earnings per share for the quarter were SEK 7.01 (5.65) and diluted earnings per share were 6.99 (5.64).
• Cash flow from operating activities was SEK 550 million (1,113) in the quarter, negatively impacted by changes in working capital. The cash flow from operating activities was 58 percent (126) of operating income (EBITA).
• Loomis AB has repurchased 535,300 shares during the second quarter for a value of SEK 200 million. The Board of Directors has resolved to continue to repurchase shares during the third quarter 2025.
• The acquisition of Burroughs, Inc. was completed on June 1, 2025.
• After the end of the quarter, Loomis acquired Cash Central and Sighore-ICS. Read more on page 9.
• Loomis has entered into an agreement to acquire Kipfer-Logistik. Read more on page 9.

KEY RATIOS

	2025	2024		2025	2024		2024
SEK m	Quarter 2	Quarter 2	Change (%)	Six months	Six months	Change (%)	Full year
Revenue	7,407	7,639	-3.0	15,072	14,892	1.2	30,442
Of which:
Organic growth	290	492	3.8	611	926	4.1	1,889
Acquisitions and divestments	78	210	1.0	82	408	0.6	585
Exchange rate effects	–601	–135	–7.9	–513	–325	–3.4	–738
Total growth	–232	567		180	1,009		1,736
Operating income (EBITA)	944	887		1,831	1,641		3,642
Operating margin (EBITA), %	12.7	11.6		12.1	11.0		12.0
Operating income (EBIT) before items affecting comparability	882	834		1,705	1,544		3,440
Operating margin (EBIT) before items affecting comparability, %	11.9	10.9		11.3	10.4		11.3
Income before tax	664	550		1,195	1,057		2,271
Profit for the period	478	396		860	755		1,641
Earnings per share before dilution, SEK	7.01	5.65		12.58	10.71		23.51
Tax rate, %	28	28		28	29		28
Cash flow from operating activities	550	1,113		1,447	1,515		4,085
Cash flow from operating activities as % of operating income (EBITA)	58	126		79	92		112

Explanation and reconciliation of alternative performance measures can be found on pages 22–23 and under Definitions on page 24.

A solid quarter aligned with our strategic priorities

We had a solid performance in the second quarter. Revenues reached SEK 7.4 billion with an organic growth of 3.8 percent. Acquisitions contributed to growth while the strengthening of the SEK had a significant negative impact on revenue for all segments. A favorable business mix, along with higher efficiency, resulted in an increased operating margin (EBITA) of 12.7 percent (11.6), which is the highest margin we have achieved in a second quarter. This led to a significant increase in basic earnings per share, which reached SEK 7.01 (5.65). The cash flow from operating activities in relation to operating income (EBITA) was above 100 percent on a rolling twelve months basis.

Strong performance in the US

Segment USA reported revenues of SEK 3.8 billion with a solid organic growth of 4.2 percent for the second quarter. Adjusted for currency impacts, the business achieved record high revenues and operating profit (EBITA) in local currency. Notably, Automated Solutions with SafePoint delivered another quarter of doubledigit organic growth. Our implemented staffing planning measures have enabled a more efficient way of working, allowing us to grow the business while reducing the number of employees. At the same time, we have secured high service quality and maintained customer satisfaction. The volume growth in the Automated Solutions and International business lines, combined with improved efficiency, contributed to the operating margin improvement. The operating margin increased to 16.4 percent (15.2).

Margin improvement in Europe and Latin America

Revenues in Segment Europe and Latin America reached SEK 3.6 billion with an organic growth of 4.1 percent. We had strong performance in several of our key markets and are actively working to improve those under review. We continued to see strong demand for our cross-border valuables transportation and storage solutions in the quarter. While revenue development in our CIT and CMS business lines was negatively impacted by the number of working days, our main focus is on growing our adjacent business lines. The operating profit reached SEK 445 million (402), corresponding to an increased margin of 12.3 percent (11.0).

Positive development within SME/Pay

We are gaining momentum within our new segment SME/Pay. Revenues increased to SEK 43 million in the quarter, of which more than 20 percent comes from our core and adjacent business lines. The transaction volumes through our payment gateway reached more than SEK 2.3 billion.

Partnership to decarbonize our operations

We are advancing our initiatives to reduce carbon emissions from our vehicle fleet. In May, we announced an agreement with bp Energía España for the supply of bp bioenergy HVO. By the end of 2030, we aim to use approximately 10 million liters of this biofuel across 10 European countries. This biofuel is expected to significantly lower the carbon footprint of our European transport activities. This initiative supports our carbon emissions reduction targets without requiring the replacement of our existing fleet of armored vehicles.

Delivering on our M&A strategy

I am pleased to share that over the past few months, we have been actively engaging in discussions around potential acquisitions and are delivering on our strategic priority to generate growth and product expansion through acquisitions in our core, adjacent, and digital areas. This quarter, we completed the acquisition of Burroughs, Inc., integrating the team into Loomis US. Burroughs' complementary skills will enhance our service offerings and support customers throughout their devices' lifecycle.

As we announced yesterday, we are expanding our Loomis Pharma business through the acquisition of Kipfer-Logistik, a Swiss player within temperature-controlled logistics for the pharmaceuticals market. After the end of the quarter, we have also acquired two Point-of-Sale (POS) companies in Spain: Central Cash and Sighore-ICS. These acquisitions significantly expand Loomis Pay's presence in the Catalonia region, add to our POS capabilities, and broaden our customer base.

We will continue to actively evaluate potential acquisition targets to deliver sustained, profitable growth. Even with completed acquisitions, the distribution of a record-high dividend, and share repurchases in the second quarter, our net debt/EBITDA ratio improved compared to the previous year. Our capital allocation priorities remain and we are committed to using our capital in the best way to generate returns.

Stockholm, Sweden July 25, 2025

Aritz Larrea, President and CEO

Revenue and Profitability

	2025	2024	2025	2024	2025	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	R12	Full year
Revenue	7,407	7,639	15,072	14,892	30,622	30,442
Revenue growth, %	–3.0	8.0	1.2	7.3	3.1	6.0
– of which organic growth, %	3.8	7.0	4.1	6.7	5.4	6.6
– of which acquisitions / divestments, %	1.0	3.0	0.6	2.9	0.9	2.0
– of which exchange rate effects, %	–7.9	–1.9	–3.4	–2.3	–3.2	–2.6
Operating income (EBITA)	944	887	1,831	1,641	3,831	3,642
Operating margin (EBITA), %	12.7	11.6	12.1	11.0	12.5	12.0

Q2 Highlights

• Solid organic growth across all three segments
• Strong operating margin (EBITA %)
• Negative impact from changes in exchange rates

Comments on quarter 2 2025

Revenue for the quarter amounted to SEK 7,407 million (7,639) with an organic growth of 3.8 percent. Notably, the high demand for cross-border valuables transportation as well as storage within the International business line had a positive impact on the growth in the quarter. For revenue per business line, see note 3. Acquisitions impacted revenue positively while changes in exchange rates had a significant negative impact.

The operating income (EBITA) increased to SEK 944 million (887), corresponding to a margin of 12.7 percent (11.6). Items affecting comparability amounted to SEK –68 million (–97), related to restructuring within segment Europe and Latin America as well as M&A-related items. Refer to note 6 for details.

Net financial expenses decreased to SEK –150 million (–186) in the quarter, mainly related to lower interest rates. Income before tax increased to SEK 664 million (550). The tax expense for the quarter was SEK –186 million (–154), which represents a tax rate of 28 percent (28).

Basic earnings per share amounted to 7.01 (5.65) and diluted earnings per share amounted to 6.99 (5.64).

Comments on six months 2025

Revenue for the first six months increased to SEK 15,072 million (14,892) with an organic growth of 4.1 percent. For the reported revenue per business line, see note 3. Acquisitions impacted revenue positively while changes in exchange rates had a negative impact.

The operating income (EBITA) amounted to SEK 1,831million (1,641), corresponding to a margin of 12.1 percent (11.0). Items affecting comparability amounted to SEK –185 million (–113), refer to note 6 for details.

Net financial expenses decreased to SEK –326 million (–374) in the period, mainly due to lower interest rates and lower losses on monetary net assets. Income before tax amounted to SEK 1,195million (1,057). The tax expense for the period was SEK –335 million (–302), which represents a tax rate of 28 percent (29).

Basic earnings per share amounted to 12.58 (10.71) and diluted earnings per share amounted to 12.55 (10.68).

Revenue, SEK m and operating margin (EBITA), % Revenue share per business line, %

Segment Europe and Latin America

	2025	2024	2025	2024	2025	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	R12	Full year
Revenue	3,620	3,671	7,207	7,142	14,858	14,793
Revenue growth, %	–1.4	8.1	0.9	7.5	3.7	7.0
– of which organic growth, %	4.1	7.7	4.1	7.1	6.6	7.8
– of which acquisitions / divestments, %	–	6.0	–	5.9	1.2	4.0
– of which exchange rate effects, %	–5.5	–5.5	–3.2	–5.5	–4.0	–4.9
Operating income (EBITA)	445	402	777	706	1,715	1,644
Operating margin (EBITA), %	12.3	11.0	10.8	9.9	11.5	11.1

Q2 Highlights

• Strong performance within the International business line
• Increased operating margin (EBITA %)
• Ongoing regional review continues to improve operational efficiency

Comments on quarter 2 2025

Revenue within segment Europe and Latin America reached SEK 3,620 million (3,671) with an organic growth of 4.1 percent. There was positive development in several of the larger markets in the region. The increased demand for cross-border transportation and storage services within the International business line positively contributed to the organic growth in the quarter compared to prior year. Changes in exchange rates and fewer working days had a significant negative impact on total growth. Refer to note 3 for the revenue per business line.

The operating profit (EBITA) increased to SEK 445 million (402), corresponding to an increased margin of 12.3 percent (11.0). The business mix as well as efficiency initiatives contributed to the increase in margin. Restructuring initiatives are progressing to optimize European and Latin American operations, and efforts to improve profitability continue. These measures have supported business growth while reducing the number of employees. Since the second quarter of 2024, the segment has reduced the number of full-time equivalent employees (FTEs) by approximately 600.

Costs related to the restructuring of the segment, which are reported as an item affecting comparability, amounted to SEK –96 million (–57) in the period.

Comments on six months 2025

Revenue within segment Europe and Latin America amounted to SEK 7,207 million (7,142) with an organic growth of 4.1 percent in the period. Notably, the International business line had a strong performance for the first six months. The growth within Automated Solutions slowed down following a very strong performance from CIMA in the same period in the previous year. Changes in exchange rates had a negative impact on total growth. Refer to note 3 for the revenue per business line.

The operating profit (EBITA) increased to SEK 777 million (706), corresponding to a margin of 10.8 percent (9.9). The business mix as well as efficiency initiatives contributed to the increase in margin. The review of the markets in the region continues to ensure optimal footprint, capacities, and competencies to support growth.

Costs related to the restructuring of the segment, which are reported as an item affecting comparability, amounted to SEK –213 million (–73) in the period.

Revenue, SEK m and operating margin (EBITA), % Revenue share per business line, %

Segment USA

	2025	2024	2025	2024	2025	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	R12	Full year
Revenue	3,811	3,969	7,915	7,770	15,842	15,697
Revenue growth, %	–4.0	7.3	1.9	6.5	2.5	4.8
– of which organic growth, %	4.2	5.9	4.6	5.8	4.5	5.2
– of which acquisitions / divestments, %	1.9	0.0	1.0	0.2	0.5	0.1
– of which exchange rate effects, %	–10.1	1.4	–3.7	0.5	–2.5	–0.4
Operating income (EBITA)	623	603	1,303	1,177	2,597	2,470
Operating margin (EBITA), %	16.4	15.2	16.5	15.1	16.4	15.7

Q2 Highlights

• Record revenue and operating profit in local currency
• Strong operating margin (EBITA %)
• Negative impact from changes in exchange rates

Comments on quarter 2 2025

Revenue in segment USA amounted to SEK 3,811 million (3,969) with an organic growth of 4.2 percent in the second quarter. The acquisition of Burroughs, completed on June 1, contributed positively to revenue by 1.9 percent, while the exchange rate effect was -10.1 percent. Automated Solutions with SafePoint continued to have a strong performance while the other lines of business declined compared to the previous year, largely due to the changes in exchange rates. Refer to note 3 for the revenue per business line.

The operating income (EBITA) increased to SEK 623 million (603) corresponding to a strong margin of 16.4 percent (15.2). The implemented staffing planning measures have enabled a more efficient way of working, allowing the business to grow while reducing the number of employees. Excluding employees who joined with the Burroughs acquisition, the number of full-time equivalents (FTEs) decreased by approximately 300 compared to the previous year. The volume growth within the International and Automated Solutions business lines also contributed to the increased margin in the US.

Comments on six months 2025

Revenue in segment USA amounted to SEK 7,915 million (7,770) with an organic growth of 4.6 percent in the first six months. Changes in exchange rates had a negative impact on the reported revenue while acquisitions had a slight positive effect. High demand for cross-border valuables transportation and storage within the International business line had a positive impact on the growth in the first six months. Automated Solutions with Safe-Point continued to have a strong performance. Refer to note 3 for the revenue per business line.

The operating income (EBITA) increased to SEK 1,303 million (1,177). A favorable business mix, along with higher efficiency, resulted in an increased operating margin (EBITA) of 16.5 percent (15.1).

Revenue, SEK m and operating margin (EBITA), % Revenue share per business line, %

Segment SME/Pay

	2025	2024	2025	2024	2025	2024
SEK m	Quarter 2	Quarter 2*	Six months	Six months*	R12*	Full year*
Revenue	43	28	73	44	135	106
Revenue growth, %	55.6	130.4	66.7	128.8	77.9	106.1
– of which organic growth, %	54.6	64.7	57.6	87.3	59.3	71.2
– of which acquisitions / divestments, %	3.9	65.4	11.0	41.3	19.8	35.1
– of which exchange rate effects, %	–2.9	0.3	–1.8	0.2	–1.2	–0.2
Operating income (EBITA)	–41	–55	–93	–110	–185	–202
Transaction volumes, Loomis Pay	2,307	1,820	4,136	3,095	8,031	6,990

* Note that the comparison periods refer to previous reporting segment Loomis Pay, which have not been restated.

Q2 Highlights

• Strong revenue growth
• Increased transaction volumes within Loomis Pay
• Acquired two POS providers in Spain to expand Loomis Pay into the Catalonia region

Comments on quarter 2 2025

Revenue within segment SME/Pay amounted to SEK 43 million (28) in the second quarter, with an organic growth of 54.6 percent compared to the previous year.

The operating income (EBITA) amounted to SEK –41 million (–55). The reduction in the operating loss is in line with the strategic priorities for the segment.

Transaction volumes within the Loomis Pay business line increased 27 percent in the second quarter compared to the previous year and reached SEK 2.3 billion.

Acquisitions

After the end of the quarter, two Point-of-Sale (POS) companies in Spain were acquired: Central Cash and Sighore-ICS. These acquisitions significantly expand Loomis Pay's presence in the Catalonia region, add to the POS capabilities, and broaden the customer base. Read more on page 9.

Comments on six months 2025

Revenue within segment SME/Pay amounted to SEK 73 million (44) for the first six months, with an organic growth of 57.6 percent compared to the previous year. Since the beginning of the year, revenue from new small and medium enterprise (SME) customers are included in this segment. Revenue comes from the CIT, CMS, Automated Solutions and Loomis Pay business lines. It is still in the early stages, and digital payments within the Loomis Pay business line stands for the majority of the segment's revenue.

The operating income (EBITA) amounted to SEK –93 million (–110).

Transaction volumes within the Loomis Pay business line increased 34 percent in the first six months compared to the previous year and reached SEK 4.1 billion.

Revenue, SEK m Revenue share per business line, %

Sustainability

Sustainability at Loomis

Loomis plays an important role in ensuring efficient and sustainable payment flows in society. Loomis has a vision of a society where everyone has access to payment infrastructure and can choose their preferred payment method. Equal access to cash and payments is an increasingly important issue globally and there are more discussions around the world on the importance of access to all types of payments, including the ability to pay with cash.

Integrity is a central aspect of Loomis' values and corporate culture. As a business based on trust, Loomis needs to ensure compliance with all relevant legal requirements, but also from a business ethics perspective. Given Loomis' role in society, responsibility is taken to ensure that the appropriate processes are in place so that Loomis is a reliable partner to our customers and stakeholders.

In April, Loomis published its sustainability report for 2024. The sustainability report provides a comprehensive overview of Loomis' environmental, social, and governance (ESG) performance. It focuses on material topics and impacts, as well as the risks and opportunities identified through its double materiality analysis. This approach ensures that the company prioritizes the most relevant issues for both its business and stakeholders.

Loomis continues to strengthen the quality of its sustainability reporting and remains dedicated to delivering on the commitment to be the leader in sustainability within our industry. More information on Loomis sustainability initiatives and KPIs are available in the Annual and Sustainability Report for 2024.

Agreement for supply of HVO in Europe

In May, Loomis announced an agreement with bp Energía España for the supply of bp bioenergy HVO (Hydrotreated Vegetable Oil). This bioenergy HVO is expected to deliver at lease an 85% reduction in well-to-wheel CO2e emissions compared to fossil diesel and will significantly reduce the carbon footprint of its European transport activities. According to the agreement, by the end of 2030, Loomis aims to utilize approximately 10 million liters of this biofuel across 10 countries in Europe. Additionally, bp will provide 5 GWh of guarantees of origin for renewable electricity used by Loomis' facilities in Spain in 2025, ensuring that the company's operations are powered by clean energy.

This agreement supports Loomis' goal to reduce its carbon footprint within Scope 1 and 2 by 34 percent by 2027 and 48 percent by 2030, compared to the baseline in 2019.

Comments on the performance January-June 2025

For the first six months, Loomis has reduced its Scope 1 and 2 emissions by approximately 0.5 percent compared to prior year while growing the business organically. By switching to HVO, the business can further reduce its Scope 1 emissions without needing to switch out the existing fleet of armored vehicles.

Scope 1 & 2 emissions (tCO2e) and Revenue (SEK m)

2022 2023 2024

Cash flow and investments

January – June 2025

Cash flow from operating activities, excluding the IFRS 16 effects, amounted to SEK 1,447 million (1,515) in the first six months, negatively impacted by changes in working capital. The cash flow was equivalent to 79 percent (92) of operating income (EBITA). On a rolling twelve months basis, the cash flow from operating activities in relation to the operating income (EBITA) was 105 percent.

Free cash flow for the first six months amounted to SEK 356 million (878) and was negatively impacted by higher taxes paid, where tax payments in the US were postponed from 2024 to 2025.

Note that the cash flow statements reflects a restatement for quarter 1 between the cash flow from operating activities and cash flow from financing activities. For more information, see pages 12 and 13.

Net investments in fixed assets for the period amounted to SEK –655 million (–788), which can be compared with depreciation (excluding the effect of IFRS 16) of SEK 795 million (822). Investments made during the year were mainly in buildings, vehicles, machinery and equipment and corresponds to 4.3 percent (5.3) of revenue. Investments in relation to depreciation (including IFRS 16) for the year amounted to 0.4 (0.6).

Capital employed and financial position

Capital employed

The total capital employed as of June 30, 2025 amounted to SEK 24,161 million (24,275 as of December 31, 2024), which is equivalent to approximately 79 percent (79) of revenue. Return on capital employed amounted to 16.3 percent (14.3).

Shareholders' equity and financing

Shareholders' equity decreased during the year by SEK 1,480 million, amounting to SEK 12,151 million as of June 30, 2025 (13,631 as of December 31, 2024). The change is largely explained by translation differences of SEK –1,233 million, dividend of SEK –959 million, repurchase of shares of SEK –200 million and net profit for the period of SEK 860 million. The return on shareholders' equity was 13.6 percent (11.3) and the equity ratio was 31.4 percent (33.2).

Net debt increased to SEK 12,011 million as of June 30, 2025 (10,645 as of December 31, 2024), partly as a result of the dividend to shareholders and the acquisition of Burroughs Inc. Net debt/EBITDA amounted to 1.75 (1.62 as of December 31, 2024).

As of June 30, 2025, the long-term loan facilities totaled SEK 11.1 billion and the short-term loan facilities totaled SEK 0.6 billion. Unutilized loan facilities amounted to SEK 4.9 billion, of which none are used as back-up for outstanding commercial papers. Available liquid funds amounted to SEK 2 billion (see Note 7).

Employees

The number of full-time equivalent employees (FTEs) as of June 30, 2025 was approximately 24,400 (24,700). Acquisitions added approximately 600 FTEs in the second quarter.

Other events

Significant events during the period, Apr – June 2025

On May 6, Loomis AB, through its wholly owned subsidiary Loomis US Holding Inc., entered into an agreement to acquire 100 percent of Burroughs, Inc for an initial purchase price of USD 72 million (SEK 695 million) on a cash and debt free basis, plus a potential earn-out up to a maximum of USD 38 million. The acquisition was closed on June 1, 2025.

The acquisition is in line with Loomis' communicated strategy to broaden its ATM and Automated Solutions service offering by adding new technology and competencies. In 2024 the company had revenues of approximately USD 107 million and 600 employees.

Loomis AB held its annual general meeting (AGM) on May 6. For information on the decisions made at the AGM, please refer to the General Meeting section on Loomis' website, > https://www.loomis.com/en/about-us/corporate-governance/ general-meetings

In accordance with the resolution by the AGM on May 6, 2025, Loomis has cancelled 2,500,000 repurchased treasury shares. The share capital of SEK 376,399,145 remained unchanged since, simultaneous with the resolution to reduce the share capital by means of withdrawal of repurchased treasury shares, it was resolved to increase the share capital by a transfer from nonrestricted shareholders' equity to the share capital (bonus issue), without the issuing of any new shares. Thereby the share capital was restored to its balance prior to the reduction.

The total number of shares in the company amounts to 68,500,000 shares with the equivalent number of votes.

Loomis has through the repurchase program that was resolved and communicated on May 6, 2025, repurchased 535,300 shares. Loomis' holding of own shares thereby amounts to 549,953 shares, corresponding to 0.80 percent of the outstanding shares in the company.

Events after the end of the period

In July, Loomis acquired Central Cash Gestión y Desarrollo, S.L. ("Central Cash"), a Point-of-Sales (POS) company based in Spain. The company had revenues of approximately SEK 7 million in 2024 and has 4 employees. The acquired business is a part of the Loomis Pay business line and will be reported within Segment SME/Pay.

In July, Loomis also acquired Sighore, S.L. and Internet Commerce Software Solutions, S.L. ("Sighore-ICS"). Sighore-ICS is a Point-of-Sales (POS) solutions provider based in Barcelona, Spain. The company had revenues of approximately SEK 21 million in 2024 and has 25 employees. The acquired business will be a part of the Loomis Pay business line and reported within Segment SME/Pay. This acquisition expands Loomis Pay's presence in the Catalonia region, expands its POS capabilities, and broaden the customer base.

[On July 24, Loomis entered into an agreement to acquire 100 percent of Kipfer-Logistik GmbH, a logistics company based in Switzerland, which specializes in temperature-controlled transport throughout Europe and temperature-controlled storage in the pharmaceutical and healthcare sectors. The company had revenues of approximately SEK 108 million in 2024 and has 28 employees.

The business will be reported in Segment Europe and Latin America, within the International business line and consolidated into Loomis as of closing of the transaction. The acquisition is expected to be completed on September 1, 2025, subject to certain closing conditions.

On July 24, the Board of Directors resolved to repurchase shares by virtue of authorization by the AGM 2025. The repurchase may commence on July 28, 2025, end no later than September 29, 2025 and comprise an amount up to a maximum of SEK 200 million.

Financial reports

CONSOLIDATED INCOME STATEMENT

	Note	2025	2024	2025	2024	2025	2024
SEK m		Quarter 2	Quarter 2	Six months	Six months	R12	Full year
Revenue	3,4	7,407	7,639	15,072	14,892	30,622	30,442
Production expenses		–5,281	–5,536	–10,800	–10,847	–21,953	–22,001
Gross income		2,126	2,103	4,273	4,046	8,669	8,442
Selling and administration expenses		–1,216	–1,267	–2,510	–2,497	–4,986	–4,973
Other income and expenses		–28	–2	–57	–4	–82	–30
Items affecting comparability	6	–68	–97	–185	–113	–465	–393
Operating income (EBIT)		814	736	1,520	1,431	3,136	3,047
Finance income		36	34	60	67	109	116
Finance costs		–185	–213	–382	–404	–800	–822
Loss on monetary net assets/liabilities		–2	–7	–5	–37	–37	–69
Income before taxes		664	550	1,195	1,057	2,409	2,271
Income tax		–186	–154	–335	–302	–662	–630
Net income for the period 1)		478	396	860	755	1,746	1,641
Other comprehensive income
Items that will not be reclassified to profit and loss
Actuarial gains and losses, net of tax		–3	42	89	77	21	9
Items that may be reclassified to profit and loss
Translation differences		–137	–51	–1,233	580	–860	953
Other comprehensive income for the period, net after tax		–140	–9	–1,145	656	–839	962
Total comprehensive income for the period2)		339	387	–285	1,411	907	2,603
Earnings per share, SEK
Basic earnings per share		7.01	5.65	12.58	10.71	25.40	23.51
Diluted earnings per share		6.99	5.64	12.55	10.68	25.34	23.45
Number of shares
Number of shares outstanding (million)	9	68.0	69.7	68.0	69.7	68.0	68.5
Average number of shares outstanding before dilution (million)		68.3	70.1	68.4	70.5	68.8	69.8
Average number of shares outstanding after dilution (million)		68.5	70.2	68.5	70.6	68.9	70.0

1) Net income for the period is entirely attributable to the owners of the Parent company. 2) Comprehensive income is entirely attributable to the owners of the Parent company.

CONSOLIDATED BALANCE SHEET

Note	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
ASSETS
Non-current assets
Goodwill	9,234	9,384	9,617
Intangible assets	1,683	1,601	1,490
Buildings and land	1,080	1,112	1,173
Machinery and equipment	4,902	5,378	5,503
Right-of-use assets	6,112	5,030	6,307
Contract assets	405	379	450
Deferred tax assets	607	427	459
Pension plan assets	273	358	257
Interest-bearing financial assets	22	102	43
Other non-current receivables	366	372	395
Total non-current assets	24,684	24,141	25,693
Current assets
Inventory	581	522	421
Trade receivables	3,401	3,623	3,516
Other current receivables	314	294	319
Current tax assets	383	228	146
Prepaid expenses and accrued income	1,384	1,328	1,103
Interest-bearing financial assets	74	0	363
Cash and cash equivalents 7	7,836	8,540	8,802
Total current assets	13,975	14,536	14,668
TOTAL ASSETS	38,659	38,677	40,361
EQUITY AND LIABILITIES
Equity 9
Share capital	376	376	376
Other capital contributed	4,594	4,594	4,594
Other reserves	570	2,045	2,027
Retained earnings including net income for the year	6,610	5,814	6,633
Total equity	12,151	12,830	13,631
Non-current liabilities
Interest-bearing non-current lease liabilities	4,650	4,142	4,767
Loans payable	6,438	6,617	7,026
Deferred tax liabilities	404	457	363
Provisions for claims reserves	580	611	661
Provisions for pensions and similar commitments	522	624	611
Other provisions	192	138	204
Other non-current liabilities	347	324	344
Total non-current liabilities	13,134	12,914	13,975
Current liabilities
Interest-bearing current lease liabilities	1,867	1,169	1,920
Loans payable	932	1,131	57
Trade payables	899	800	850
Provisions for claims reserves	377	291	389
Current tax liabilities	269	272	520
Liabilities, cash processing operations	5,780	6,041	5,691
Accrued expenses and deferred income	2,158	2,105	2,243
Other provisions	266	101	130
Other current liabilities	827	1,024	956
Total current liabilities	13,374	12,933	12,755
TOTAL EQUITY AND LIABILITIES	38,659	38,677	40,361

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

	2025	2024	2024
SEK m	Six months	Six months	Full year
Opening balance	13,631	12,678	12,678
Actuarial gains and losses after tax	89	77	9
Exchange differences	–1,233	580	953
Total other comprehensive income	–1,145	656	962
Net income for the period	860	755	1,641
Total comprehensive income for the period1)	–285	1,411	2,603
Dividend paid to Parent Company's shareholders	–959	–880	–880
Share–based payment	–37	20	29
Acquisition and cancellation of own shares	–200	–400	–800
Closing balance	12,151	12,830	13,631

1) Total comprehensive income is entirely attributable to the owners of the Parent company.

CONSOLIDATED STATEMENT OF CASH FLOWS

	2025	2024	2025	2024	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	Full year
Operating activities
Income before taxes	664	550	1,195	1,057	2,271
Depreciation and amortization	775	773	1,577	1,515	3,115
Other non–cash items	125	259	397	448	1,045
Financial items received	44	22	64	92	116
Financial items paid	–188	–246	–403	–434	–813
Income tax paid	–448	–290	–865	–378	–482
Change in trade receivables	–137	–27	–125	–123	53
Change in other working capital and other items2)	–285	249	–304	29	445
Cash flow from operating activities	550	1,290	1,537	2,205	5,749
Investing activities
Investments in non–current assets	–310	–369	–655	–793	–1 665
Disposals of non–current assets	–	0	–	5	4
Acquisitions of operations	–552	–3	–552	–22	–22
Cash flow from investing activities	–862	–372	–1,206	–810	–1 683
Financing activities
Dividend paid	–959	–880	–959	–880	–880
Acquisition of own shares	–200	–217	–200	–400	–800
Issuance of bonds	–	–	–	–	3,419
Issuance of commercial papers and other long–term borrowing	–	728	–	1,418	1,418
Redemption of commercial papers and other long–term borrowing	–	–404	–	–1,209	–5,286
Short–term interest–bearing deposits	607	–	307	–	–317
Change in other interest–bearing liabilities2)	2	–208	–441	–398	–1,101
Cash flow from financing activities	–550	–981	–1,292	–1,469	–3,547
Cash flow for the period	–862	–63	–961	–74	519
Cash and cash equivalents at beginning of period1)	2,886	2,542	3,074	2,492	2,492
Translation differences in cash and cash equivalents	4	–15	–84	47	64
Cash and cash equivalents at end of period 1)	2,029	2,464	2,029	2,464	3,074

1) Excluding funds within cash processing operations. See also Note 7 Cash and cash equivalents.

2) The Consolidated Statement of Cash flows reflects a restated Quarter 1, where 'Change in other working capital and other items' included SEK +96m that should have been reported under 'Change in other interest-bearing liabilities', impacting the 'Cash flow from operating activities'. The originally reported 'Cash flow from operating activities' for Q1 was SEK +1,083m, while the restated 'Cash flow from operating activities' for Q1 is SEK +987m. There is no impact on the total 'Cash flow for the period'. This change is reflected fully in all periods of the cash flow statement in this interim report, including year-to-date and R12 values.

CONSOLIDATED STATEMENT OF CASH FLOWS EXCLUDING IFRS 16 EFFECTS, ADDITIONAL INFORMATION

	2025	2024	2025	2024	2025	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	R12	Full year
Operating income (EBITA)1)	899	852	1,737	1,573	3,665	3,501
Depreciation and amortization1)	385	412	795	822	1,633	1,660
Change in trade receivables	–137	–27	–125	–123	52	53
Change in other working capital and other items1,3)	–288	246	–305	31	195	532
Cash flow from operating activities before investments	860	1,482	2,102	2,303	5,544	5 ,746
Investments in non-current assets, net	–310	–369	–655	–788	–1,527	–1, 660
Cash flow from operating activities	550	1,113	1,447	1,515	4,017	4 ,085
Financial items paid and received1)	–88	–179	–227	–258	–478	–510
Income tax paid	–448	–290	–865	–378	–968	–482
Free cash flow	13	644	356	878	2,571	3,094
Cash flow effect of items affecting comparability	–31	–26	–53	–41	–212	–200
Acquisition of operations	–552	–3	–552	–22	–552	–22
Acquisition–related costs and revenue, paid and received2)	–91	–1	–118	–3	–155	–39
Dividend paid	–959	–880	–959	–880	–959	–880
Acquisition of own shares	–200	–217	–200	–400	–600	–800
Issuance of bonds	–	–	–	–	3,419	3,419
Issuance of commercial papers and other long–term borrowing	–	728	–	1,418	–	1,418
Redemption of commercial papers and other long–term borrowing	–	–404	–	–1,209	–4,076	–5,286
Short-term interest-bearing deposits	607	–	307	–	–10	–317
Change in other interest–bearing liabilities1,3)	350	95	257	185	206	134
Cash flow for the period	–862	–63	–961	–74	–369	519

1) Excluding IFRS 16 effects.

2) Refers to the cash flow effect of acquisition–related transaction–, restructuring and integration costs.

3) The Consolidated Statement of Cash flows excluding IFRS 16 effects reflects a restated Quarter 1, where 'Change in other working capital and other items' included SEK +96m that should have been reported under 'Change in other interest-bearing liabilities', impacting the 'Cash flow from operating activities'. The originally reported 'Cash flow from operating activities' for Q1 was SEK +994m corresponding to a 'Cash flow from operating activities as % of operating income (EBITA)' of 112%. The restated 'Cash flow from operating activities' for Q1 is SEK +898m, corresponding to a 'Cash flow from operating activities as % of operating income (EBITA)' of 101%. There is no impact on the total 'Cash flow for the period'. This change is reflected fully in all periods of the cash flow statement in this interim report, including year-to-date and R12 values.

Notes

NOTE 1 – ACCOUNTING POLICIES

The Group's financial reports are prepared in accordance with International Financial Reporting Standards (IAS/IFRS, as adopted by the European Union) issued by the International Accounting Standards Board, and statements issued by the IFRS Interpretations Committee (IFRIC). This interim report has been prepared according to IAS 34 Interim Financial Reporting.

The most important accounting policies in accordance with IFRS, which constitute the accounting standard for the preparation of this interim report, can be found in the annual report for 2024.

New or changed standards and interpretations that entered into force on January 1, 2025 did not have a material effect on the Group's financial statements.

Critical estimates and assessments

For critical estimates and assessments as well as contingent liabilities, please refer to pages 129 and 163 of the 2024 Annual Report. There have been no other significant changes compared to what is described in the Annual Report.

Parent Company – Loomis AB

The Parent Company's financial statements have been prepared in accordance with the Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities.

NOTE 2 – RISKS AND UNCERTAINTIES

Risk management and key risks

A robust and effective risk management program is one of Loomis' most important success factors. Given its history and the nature of its service offering, Loomis has extensive experience managing risk and takes a structured and proactive approach throughout the organization—at both the local and central levels. Well-managed risk can create opportunities and add value to the business, while risk that is not efficiently managed can cause negative impacts and losses.

Loomis' Enterprise Risk Management (ERM) program provides a framework for the Group's risk activities. The purpose of the ERM framework is to proactively manage the portfolio of risks identified throughout the organization. The ERM activities are conducted holistically and proactively to support the achievement of Loomis' mission, strategy and business objectives.

Loomis classifies its risks into six categories: strategic risks, operational risks, compliance and legal risks, hazard risks, information and technology risks and financial risks. There are risks that pertain to Loomis itself and the industry as well as risks that are more general in nature.

Risks that have been identified to be of key significance include payment market changes, data privacy, health and safety, attracting and retaining employees, fraud and corruption, information security/ cyber risk, physical security, climate change, compliance, money laundering and financial risks.

For further information on Loomis ERM framework as well as risks and the risk management approach, see pages 44–50 of Loomis' Annual and Sustainability Report 2024.

Uncertainty factors

Changes in general economic conditions and market trends have various effects on demand for cash handling services. These include cash usage trends, changes in consumption levels, the risk of robbery and bad debt losses, and the staff turnover rate.

The preparation of financial reports requires the Board of Directors and Group Management to make estimates and judgments. Estimates and judgments affect both the income statement and the balance sheet as well as disclosures of items like contingent liabilities. Actual outcomes may deviate from these estimates and judgments depending on other circumstances or conditions.

In 2025, the actual financial outcome of certain previously reported items affecting comparability, provisions and contingent liabilities, as described in the Annual and Sustainability Report 2024 and where applicable, under the heading "Critical accounting estimates and judgments" in Note 1 of this report, may deviate from the financial assessments and provisions made by management. This may impact the Group's profitability and financial position.

Seasonal variations

Loomis' earnings fluctuate across the seasons and this should be taken into consideration when making assessments based on interim financial information. The primary reason for these seasonal variations is that the number of payment transactions increases during the vacation periods.

NOTE 3 – REVENUE BY BUSINESS LINE

REVENUE PER BUSINESS LINE, QUARTER

			Quarter 2 2025					Quarter 2 2024
SEK m	Europe and Latin America		USA SME/Pay	Group–wide functions and elimi– nations	Total	Europe and Latin America	USA	SME/Pay	Group–wide functions and elimi– nations	Total
Cash in transit (CIT)	1,168	1,300	5	–	2,473	1,249	1,463	–	–	2,712
Cash management services (CMS)	678	558	2	–	1,238	726	591	–	–	1,317
ATM	720	802	–	–	1,522	729	892	–	–	1,621
Automated Solutions	479	973	2	–	1,454	490	877	–	–	1,366
International	333	126	–	–	460	270	125	–	–	395
FXGS	183	–	–	–	183	168	–	–	–	168
Loomis Pay	–	–	34	–	34	–	–	28	–	28
Other and internal sales	58	52	–	–67	43	39	21	–	–28	32
Total revenue	3,620	3,811	43	–67	7,407	3,671	3,969	28	–28	7,639
Timing of revenue recognition, external 1)
At a point in time	623	116	–	–	739	591	108	–	–	699
Over time	2,962	3,663	43	–	6,668	3,073	3,839	28	–	6,940
Total external revenue	3,586	3,778	43	–	7,407	3,664	3,947	28	–	7,639

1) After the change to a new Group reporting system in 2023, the allocation of revenues recognized between At a point in time and Over time, was incorrectly classified and was corrected in the third quarter 2024. Previous periods have been restated.

REVENUE PER BUSINESS LINE, YEAR–TO–DATE

Six months 2025						Six months 2024
SEK m	Europe and Latin America		USA SME/Pay	Group–wide functions and elimi– nations	Total	Europe and Latin America		USA SME/Pay	Group–wide functions and elimi nations	Total
Cash in transit (CIT)	2,374	2,782	7	–	5,163	2,460	2,891	–	–	5,351
Cash management services (CMS)	1,378	1,145	3	–	2,526	1,444	1,131	–	–	2,575
ATM	1,398	1,663	–	–	3,061	1,391	1,754	–	–	3,145
Automated Solutions	933	1,964	3	–	2,900	957	1,710	–	–	2,667
International	693	272	–	–	966	509	244	–	–	752
FXGS	332	–	–	–	332	301	–	–	–	301
Loomis Pay	–	–	60	–	60	–	–	44	–	44
Other and internal sales	100	87	–	–122	65	80	40	–	–63	57
Total revenue	7,207	7,915	73	–122	15,072	7,142	7,770	44	–63	14,892
Timing of revenue recognition, external
At a point in time	1,213	228	–	–	1,441	1,109	208	–	–	1,317
Over time	5,940	7,618	73	–	13,631	6,010	7,522	44	–	13,575
Total external revenue	7,153	7,847	73	–	15,072	7,119	7,730	44	–	14,892

REVENUE BY SIGNIFICANT GEOGRAPHICAL MARKET

	2025	2024	2025	2024	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	Full year
USA	3,791	3,964	7,864	7,754	15,634
France	942	960	1,861	1,871	3,859
Spain	460	470	908	905	1,871
Switzerland	447	429	910	845	1,763
UK	293	289	623	564	1,215
Sweden	238	216	458	419	846
Other countries	1,236	1,310	2,450	2,534	5,253
Total revenue	7,407	7,639	15,072	14,892	30,442

External revenue is reported per significant geographical market.

NOTE 4 – SEGMENT OVERVIEW

Loomis has operations in a number of countries, with country presidents being responsible for each country. Segment presidents supervise operations in a number of countries and also support the respective country president. Operating segments are reported in accordance with Loomis' internal reporting, provided to the Loomis' CEO who has been identified as the chief operating decisionmaker within Loomis. Loomis has the following segments: Europe and Latin America, USA, SME/Pay and Group-wide functions.

Presidents for the segments are responsible for following up the segments' operating income before amortization of acquisitionrelated intangible assets, acquisition-related costs and revenue and items affecting comparability (EBITA), according to the manner in which Loomis reports its consolidated income statement. This then forms the basis for how the CEO monitors development, allocates resources etc. Loomis has therefore chosen this structure for its segment reporting.

REVENUE

	2024					2025
SEK m	Q1	Q2	Q3	Q4	Full year	Q1	Q2	Q3	Q4	Full year
Europe and Latin America	3,471	3,671	3,757	3,893	14,793	3,587	3,620	–	–	–
USA	3,801	3,969	3,868	4,059	15,697	4,104	3,811	–	–	–
SME/Pay	16	28	32	31	106	30	43	–	–	–
Group–wide functions	–	–	–	–	–	–	–	–	–	–
Eliminations	–35	–28	–33	–57	–154	–55	–67	–	–	–
Total revenue	7,253	7,639	7,624	7,926	30,442	7,665	7,407	–	–	–

OPERATING INCOME (EBITA)

			2024			2025
SEK m	Q1	Q2	Q3	Q4	Full year	Q1	Q2	Q3	Q4	Full year
Europe and Latin America	304	402	468	470	1,644	333	445	–	–	–
USA	573	603	622	672	2,470	679	623	–	–	–
SME/Pay	–55	–55	–44	–48	–202	–52	–41	–	–	–
Group-wide functions	–67	–64	–64	–75	–270	–73	–83	–	–	–
Operating income (EBITA)	754	887	981	1,020	3,642	887	944	–	–	–

OPERATING INCOME (EBIT)

			2024					2025
SEK m	Q1	Q2	Q3	Q4	Full year	Q1	Q2	Q3	Q4	Full year
Europe and Latin America	268	356	432	433	1,488	300	412	–	–	–
USA	568	597	616	663	2,443	674	595	–	–	–
SME/Pay	–55	–55	–44	–48	–202	–52	–41	–	–	–
Group-wide functions	–69	–64	–68	–88	–289	–99	–85	–	–	–
Operating income (EBIT) before items affecting comparability	710	834	935	960	3,440	823	882	–	–	–
Items affecting comparability	–15	–97	–59	–221	–393	–117	–68	–	–	–
Operating income (EBIT)	696	736	877	739	3,047	706	814	–	–	–

SEGMENT OVERVIEW INCOME STATEMENT

		Six months 2025
SEK m	Europe and Latin America	USA	SME/Pay	Group–wide functions	Eliminations	Total
Revenue	7,207	7,837	68	–	–122	14,990
Revenue, acquisitions	–	77	5	–	–	82
Total revenue	7,207	7,915	73	–	–122	15,072
Production expenses	–5,355	–5,463	–103	–	122	–10,800
Gross income	1,852	2,452	–31	–	–	4,273
Selling and administrative expenses	–1,135	–1,157	–62	–157	–	–2,510
Other income and expenses	–5	–25	–	–27	–	–57
Items affecting comparability	–223	38	–	–	–	–185
Operating income (EBIT)	489	1,308	–93	–183	–	1,520
Net financial items	–	–	–	–321	–	–321
Loss on monetary net assets/liabilities	–	–	–	–5	–	–5
Income before taxes	489	1,308	–93	–509	–	1,195

SEGMENT OVERVIEW INCOME STATEMENT

		Six months 2024
SEK m	Europe and Latin America	USA	SME/Pay	Group–wide functions	Eliminations	Total
Revenue	6,752	7,759	36	–	–62	14,485
Revenue, acquisitions	390	11	8	–	–1	408
Total revenue	7,142	7,770	44	–	–62	14,892
Production expenses	–5,374	–5,467	–69	–	63	–10,847
Gross income	1,768	2,303	–26	–	–	4,046
Selling and administrative expenses	–1,144	–1,137	–85	–132	–	–2,497
Other income and expenses	–1	–2	–	–2	–	–4
Items affecting comparability	–113	–	–	–	–	–113
Operating income (EBIT)	511	1,164	–110	–134	–	1,431
Net financial items	–	–	–	–337	–	–337
Loss on monetary net assets/liabilities	–	–	–	–37	–	–37
Income before taxes	511	1,164	–110	–508	–	1,057

SEGMENT OVERVIEW BALANCE SHEET

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Europe and Latin America
Assets	20,963	21,637	21,061
Liabilities	9,566	9,704	8,936
USA
Assets	15,890	14,517	15,050
Liabilities	3,955	3,141	3,079
Other 1)
Assets	1,806	2,523	4,250
Liabilities	12,988	13,002	14,716
Equity	12,151	12,830	13,631
Group total
Assets	38,659	38,677	40,361
Liabilities	26,509	25,847	26,730
Equity	12,151	12,830	13,631

1) Segment Other includes Group–wide functions and SME/Pay.

NOTE 5 – ACQUISITIONS

Acquisition of Burroughs, Inc USA

Loomis AB has acquired the shares in Burroughs, Inc, through the wholly owned subsidiary Loomis Holding US, Inc. A preliminary balance sheet is presented in the table below. The total consideration for the acquisition was equivalent to SEK 370 million, comprised out of SEK 56 million in cash and SEK 314 million in discounted deferred consideration, based on an EBITDA target. Total transaction costs for the acquisition amounted to approximately SEK 23 million and have been recognized on the line Other income and expenses.

The surplus values of intangible assets, amounting to SEK 312 million, have been identified as customer contracts and relationships (useful life of 12 years), software (useful life of 7 years) and trademarks and trade names (indefinite useful life).

The acquisition has, as from the time of acquisition, up to June 30, 2025, contributed approximately with SEK 77 million to total revenue and approximately SEK 1 million to net income. Had the acqusition taken place at the beginning of the year, the acquisition would have contributed approximately with SEK 448 million to total revenue and approximately SEK 23 million to net income.

Summarized preliminary purchase price allocation from the acquisition of Burroughs, Inc USA at the date of acquisition, June 1, 2025.

SEK m	Preliminary acquisition balance
Intangible assets	312
Tangible assets	164
Cash and cash equivalents	19
Other assets	184
Other liabilities	–753
Deferred tax assets and liabilities net	52
Net identifiable assets and liabilities	–21
Purchase price paid	56
Deferred purchase price	314
Total consideration	370
Goodwill	391

Other material acquisitions

No other material acquisition has been made during the period.

NOTE 6 – ITEMS AFFECTING COMPARABILITY

2025	2024	2025	2024	2024
Quarter 2	Quarter 2	Six months	Six months	Full year
–	–40	–	–40	–40
–	–	–	–	–66
–	–	–	–	–52
–	–	–	–	–50
29	–	29	–	–
–96	–57	–213	–73	–185
–68	–97	–185	–113	–393

1) Relates to the provision for the administrative fine from the Swedish Financial Supervisory Authority that was communicated in June 2024. 2) Mainly related to a reversal of an earnout provision.

NOTE 7 – CASH AND CASH EQUIVALENTS

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Cash and cash equivalents	7,836	8,540	8,802
Adjusted for inventory of cash within the cash processing operations	–4,228	–4,297	–3,930
Adjusted for prepayments from customers	–1,580	–1,779	–1,797
Cash and cash equivalents excluding funds for cash processing activities	2,029	2,464	3,074

NOTE 8 – TRANSACTIONS WITH RELATED PARTIES

Transactions between Loomis and related parties are described in Note 31 of the 2024 Annual Report. There have been no transactions with related parties during the period that have materially impacted the Company's earnings and financial position.

NOTE 9 – NUMBER OF SHARES AS OF JUNE 30, 2025

	No. of shares	No. of votes	Quota value	SEK m
Shares	71,000,000	71,000,000	5	376
Cancellation of treasury shares	–2,500,000	–2,500,000
Total no. of shares	68,500,000	68,500,000		376
Total treasury shares	–549,953	–549,953
Total no. of shares outstanding	67,950, 047	67,950,047

NOTE 10 – CONTINGENT LIABILITIES, GROUP

2025	2024	2024
Jun 30	Jun 30	Dec 31
2,319	2,444	2,388

For details of the Group's contingent liabilities, see Note 28 in the Annual and Sustainability Report 2024.

KEY RATIOS

	2025	2024	2025	2024	2025	2024
	Quarter 2	Quarter 2	Six months	Six months	R12	Full year
Real growth, %	4.8	9.9	4.7	9.6	6.3	8.6
Organic growth, %	3.8	7.0	4.1	6.7	5.4	6.6
Total growth, %	-3.0	8.0	1.2	7.3	3.1	6.0
Gross margin, %	28.7	27.5	28.3	27.2	28.3	27.7
Selling and administration expenses a % of total revenue	-16.4	-16.6	-16.7	-16.8	-16.3	–16.3
Operating margin (EBITA), %	12.7	11.6	12.1	11.0	12.5	12.0
Tax rate, %	28.0	28.0	28.0	28.6	27.5	27.7
Net margin, %	6.5	5.2	5.7	5.1	5.7	5.4
Return on equity, %1)	13.6	11.3	13.6	11.3	13.6	12.6
Return on capital employed, %1)	16.3	14.3	16.3	14.3	16.3	15.6
Equity ratio, %	31.4	33.2	31.4	33.2	31.4	33.8
Cash and cash equivalents excluding funds within cash processing operations (SEK m)	2,029	2,464	2,029	2,464	2,029	3,074
Net debt (SEK m)	12,011	10,760	12,011	10,760	12,011	10,645
Net debt/EBITDA	1.75	1.77	1.75	1.77	1.75	1.62
Cash flow from operating activities2) as % of operating income (EBITA)	58	126	79	92	105	112
Investments in relation to depreciation	0.4	0.5	0.4	0.6	0.5	0.6
Investments as % of total revenue	4.2	4.8	4.3	5.3	5.0	5.5
Basic earnings per share, SEK	7.01	5.65	12.58	10.71	25.40	23.51
Equity per share, SEK	178.81	184.15	178.81	184.15	178.81	199.03
Cash flow from operating activities per share, SEK	8.03	18.40	22.43	31.21	73.72	82.16
Dividend per share, SEK	14.00	12.50	14.00	12.50	14.00	12.50
Number of shares outstanding (millions)	68.0	69.7	68.0	69.7	68.0	68.5
Average number of shares outstanding before dilution (millions)	68.3	70.1	68.4	70.5	68.8	69.8

1) Return ratios are calculated on R12. 2) Excluding IFRS 16 effects.

Parent Company

PARENT COMPANY SUMMARY STATEMENT OF INCOME

	2025	2024	2025	2024	2024
SEK m	Quarter 2	Quarter 2	Six months	Six months	Full year
Revenue	262	264	553	512	1,031
Operating income (EBIT)	50	119	178	225	430
Income after financial items	1,380	1,134	1,465	1,214	1,256
Net income for the period	1,368	1,118	1,436	1,182	1,197

The Parent Company's revenue consists mainly of revenue from subsidiaries in the form of management, trademark and IT fees.

PARENT COMPANY CONDENSED BALANCE SHEET

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Non-current assets	9,425	13,273	12,727
Current assets	6,108	2,450	3,018
Total assets	15,533	15,723	15,745
Equity	6,662	6,797	6,422
Untaxed reserves	1	2	1
Non-current liabilities	6,468	6,453	6,841
Current liabilities	2,402	2,471	2,481
Total equity and liabilities	15,533	15,723	15,745

The Parent Company's non-current assets consist mainly of shares in subsidiaries. During the first quarter of 2025, intercompany loans receivables have been reclassified from non-current to current. The liabilities are mainly external liabilities and liabilities to subsidiaries.

CONTINGENT LIABILITIES, PARENT COMPANY

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Guarantees and other commitments	8,915	8,505	8,783

Alternative performance measures

Use of alternative performance measures

To support Group Management and other stakeholders in analyzing the Group's financial performance, Loomis reports certain performance measures that are not defined under IFRS. Group Management believes that this information facilitates analysis of the Group's performance. The Loomis Group primarily uses the following alternative performance measures (see also Definitions for a full list of measures):

• Real growth and Organic growth in sales
• Operating income (EBITA) and Operating margin (EBITA), %
• Cash flow from operating activities as % of operating income (EBITA)
• Net debt and Net debt/EBITDA
• Equity ratio, %
• Capital employed and Return on capital employed
• Return on equity

Cash flow from operating activities as % of operating income (EBITA)

Loomis' main measure of cash flow (cash flow from operating activities) focuses on the current cash flow from operating activities based on EBITA adding back amortization/depreciation and the effect of changes in trade receivables, as well as changes in other working capital and other items. Cash flow from operating activities reflects the cash flow that operating activities generate before payments of financial items, income tax, items affecting comparability, acquisitions and divestments, as well as dividends and changes in the Group's net debt. Cash flow from operating activities as a percentage of operating income (EBITA) illustrates the cash conversion that Loomis has, i.e. how recognized earnings have resulted in cash flow.

Loomis provides an alternative presentation of cash flow which includes cash flow from operating activities adjusted for the impact of IFRS 16 Leases. This is presented in the section Financial Reports in this report.

Real growth and Organic growth in sales

Since Loomis generates most of its revenue in currencies other than the reporting currency (i.e. Swedish kronor, SEK) and exchange rates have historically proved to be relatively volatile, and since the Group has made a number of acquisitions, sales growth is presented both as exchange rate adjusted and adjusted for both exchange rate fluctuations and effects from acquisitions. This makes it possible to analyze and explain growth, excluding exchange rate effects and acquisitions.

	2025	2024
SEK m	Quarter 2	Quarter 2	Growth	Growth, %
Recognized revenue	7,407	7,639	–232	–3.0
Organic growth			290	3.8
Revenue, acquisitions			78	1.0
Real growth			369	4.8
Exchange rate effects			–601	–7.9

	2025	2024
SEK m	Six months	Six months	Growth	Growth, %
Recognized revenue	15,072	14,892	180	1.2
Organic growth			611	4.1
Revenue, acquisitions			82	0.6
Real growth			693	4.7
Exchange rate effects			–513	-3.4

Operating income (EBIT) before items affecting comparability, Operating income (EBITA) and Operating margin (EBITA), %

Loomis' internal control of operating activities is focused on the operating income that is created within and can be impacted by local operating activities. For this reason Loomis has chosen to focus on earnings and margins before interest, taxes, amortization of acquisition-related intangible assets, acquisition-related costs and revenue, and items affecting comparability.

2025	2024	2025	2024	2024
Quarter 2	Quarter 2	Six months	Six months	Full year
814	736	1,520	1,431	3,047
68	97	185	113	393
882	834	1,705	1,544	3,439
28	2	57	4	30
34	51	68	93	173
944	887	1,831	1 641	3,642
944	887	1,831	1,641	3,642
7,407	7,639	15,072	14,892	30,442
12.7	11.6	12,1	11,0	12.0

Net debt and Net debt/EBITDA

Net debt is an important concept for understanding a Company's financing structure and leverage. Net debt is the net of interestbearing liabilities and assets, and is used together with equity to finance the Group's capital employed. Loomis excludes funds within cash processing operations and financing of funds within cash processing operations (stock funding) from the definition of net debt. The financial leverage is measured by calculating net debt as percentage of operating income after adding back amortization and depreciation, i.e. net debt/EBITDA.

Reconciliation of Net debt and calculation of Net debt/EBITDA

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Short-term loans	932	1,131	57
Long-term loans	6,438	6,617	7,026
Total loans payable	7,371	7,748	7,083
Cash and cash equivalents excluding funds in cash processing operations	–2,029	–2,464	–3,074
Other interest-bearing assets	–96	–102	–406
Financial net debt	5,245	5,182	3,603
Lease liabilities	6,517	5,311	6,687
Pension net, assets (–) liabilities (+)	249	267	355
Net debt	12,011	10,760	10,645

2025	2024	2024
Quarter 2	Quarter 2	Full year
3,832	3,249	3,642
3,028	2,839	2,942
6,859	6,088	6,584
1.75	1.77	1.62

Equity ratio, %

The equity ratio is a measure that show the ratio of equity financing in relation to the company's total assets. The measure is used as an indication of financial strength and resilience to losses.

Reconciliation equity ratio, %

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Equity	12,151	12,830	13,631
Total assets	38,659	38,677	40,361
Equity ratio, %	31.4	33.2	33.8

Capital employed and Return on capital employed, %

Capital employed is a measure of how much capital is tied up in operating activities and is therefore expected to generate returns in the form of operating income. Capital employed is equivalent to the sum of all financing in the form of net debt and equity. Loomis includes funds within cash processing operations and financing of funds within cash processing operations (stock funding) in the definition of capital employed.

Reconciliation of capital employed and return on capital employed, %

	2025	2024	2024
SEK m	Jun 30	Jun 30	Dec 31
Non-current assets
Goodwill	9,234	9,384	9,617
Acquisition-related intangible assets	885	812	759
Other intangible assets	798	789	731
Land and buildings	1,080	1,112	1,173
Machinery and equipment	4,902	5,378	5,503
Right-of-use assets	6,112	5,030	6,307
Other operating assets1)	1,378	1,177	1,304
Current assets
Inventory	581	522	421
Trade receivables	3,401	3,623	3,516
Other operating assets2)	2,081	1,851	1,567
Funds in cash processing operations	5,808	6,076	5,727
Non-current liabilities
Deferred tax liability	–404	–457	–363
Provisions for claims reserves	–580	–611	–661
Other provisions	–192	–138	–204
Other non-current liabilities	–347	–324	–344
Current liabilities
Trade payables	–899	–800	–850
Liabilities in cash processing operations	–5,780	–6,041	–5,691
Accrued expenses and deferred income	–2,158	–2,105	–2,243
Other operating liabilities3)	–1,739	–1,688	–1,994
Capital employed	24,161	23,589	24,275
Capital employed (average)	23,508	22,679	23,371
Operating income (EBITA), R12	3,832	3,249	3,642
Return on capital employed, %	16.3	14.3	15.6

1) Includes the items Contract assets, Deferred tax assets and Other non-current

receivables. 2) Includes the items Other current receivables, Current tax assets, and Prepaid expenses and accrued income.

3) Includes the items Provisions for claims reserves, Current tax liabilities, Other provisions and Other current liabilities. .

Return on equity

Return on equity is an important concept for understanding a Company's return on the capital that the shareholders have injected and earned. The return is calculated as earnings for the period (rolling 12 months) in relation to average equity for the period.

	2025	2024	2024
SEK m	Quarter 2	Quarter 2	Full year
Net income for the period, R12	1,746	1,489	1,641
Equity (average)	12,864	13,123	13,074
Return on equity, %	13.6	11.3	12.6

Definitions

Gross margin, %	Gross income as a percentage of total revenue.
Operating income (EBITA)	Earnings Before Interest, Taxes, Amortization of acquisition-related intangible assets, Acquisition-related costs and revenue and items affecting comparability.
Operating margin (EBITA), %	Earnings Before Interest, Taxes, Amortization of acquisition-related intangible assets, Acquisition-related costs and revenue and items affecting comparability, as a percentage of revenue.
Operating income (EBITDA)	Earnings Before Interest, Taxes, Depreciation, Amortization of acquisition-related intangible assets, Acquisition-related costs and revenue and items affecting comparability.
Operating income (EBIT)	Earnings Before Interest and Taxes.
Operating income (EBIT before items affecting comparability)	Earnings Before Interest, Taxes and items affecting comparability.
Items affecting comparability	Items affecting comparability are reported events and transactions whose effects on profit and loss are important to note when the period's results are compared with previous periods, such as capital gains and losses on disposals of significant cash generating units, material impairment losses or other significant items affecting comparability.
Real growth, %	Increase in revenue for the period, adjusted for changes in exchange rates, as a percentage of the previous year's revenue.
Organic growth, %	Increase in revenue for the period, adjusted for acquisition/divestments and changes in exchange rates, as a percentage of the previous year's revenue adjusted for divestments.
Total growth, %	Increase in revenue for the period as a percentage of the previous year's revenue.
Net margin, %	Net income for the period after tax as a percentage of total revenue.
Basic earnings per share	Net income for the period in relation to the average number of shares outstanding during the period.
Diluted earnings per share	Net income for the period in relation to the average number of shares outstanding after dilution during the period.
Cash flow from operations per share	Cash flow from operations for the period in relation to the number of shares after dilution.
Investments in relation to depreciation	Net investments in non-current assets, for the period, in relation to depreciation, including IFRS 16 effects.
Investments as % of total revenue	Net investments in non-current assets for the period as a percentage of total revenue.
Equity per share	Equity in relation to the number of shares outstanding before dilution.
Cash flow from operating activities as % of operating income (EBITA)	Operating income, EBITA, (excluding IFRS 16), adjusted for depreciation (excluding IFRS 16), changes in trade receivables and other items (excluding IFRS 16) and net investments in non-current assets as a percentage of operating income, EBITA.
Return on equity, %	Net income for the period (rolling 12 months) as a percentage of the average balance of equity.
Return on capital employed, %	Operating income EBITA (rolling 12 months) as a percentage of the average balance of capital employed.
Equity ratio, %	Equity as a percentage of total assets.
Capital employed	Equity with the addition of net debt.
Net debt	Interest-bearing liabilities less interest-bearing assets and cash and cash equivalents excluding funds for cash processing activities.
Net debt/EBITDA	Net debt as percentage of operating income after adding back depreciation and amortization.
R12	Rolling 12 months.
Scope 1	Greenhouse Gas (GHG) emissions from sources that an organization own or controls directly.
Scope 2	Greenhouse Gas (GHG) emissions that an organization causes indirectly when the energy it purcha ses, and uses is produced.
n/a	Not applicable.
Other	Amounts in tables and other combined amounts have been rounded off on an individual basis. Minor differences due to this rounding-off, may, therefore, appear in the totals.

Outlook 2025

The company is not providing any forecast information for 2025.

The undersigned confirm that this interim report provides a fair and true overview of the Parent Company's and the Group's operations, financial position and results, and describes any significant risks and uncertainties faced by the Parent Company and the companies in the Group.

Stockholm, July 25, 2025

Lars Blecko Chairman of the Board

Cecilia Daun Wennborg Board member

Johan Lundberg Board member

Alf Göransson Board member

Liv Forhaug Board member

Marita Odélius Board member

Santiago Galaz Board member

Chalanja Henningsson Board member employee representative

Aritz Larrea President and CEO

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

Loomis in brief

Financial targets 2025–2027

• • Revenue: Compounded annual growth rate, currency adjusted, of 5-7 percent per year
• • Operating margin EBITA: 12-14 percent during the entire strategic period

Sustainability targets 2025–2027

• • Reduction of CO2e (scope 1 and 2) by 34 percent compared with 2019
• • Reduction of the recordable work-related injury rate by 10 percent compared with 2024

Dividend policy

• 40–60 percent of net income for the year

Telephone conference and audiocast

A conference call will be held on July 25, 2025 at 10:00 a.m. (CEST).

To follow the conference call via telephone and participate in the Q&A session please call (local call); United Kingdom: +44 (0) 161 2508 206 USA: +1 (0) 561 771 1427 Sweden: +46 (0)8 505 100 39 International: +39 02 304 64 867

The audiocast can be followed at our website www.loomis.com.

A recorded version of the audiocast will be available at www.loomis.com after the conference.

Upcoming reporting dates

Interim Report Full-year Report January – September 2025 January – December 2025

October 31, 2025 February 4, 2026

For further information

Jenny Boström, Head of Sustainability and IR, +46 (0)79 006 45 92 , e-mail: jenny.bostrom@loomis.com Further information can also be found on the Loomis website: www.loomis.com

This information is information that Loomis AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 a.m. (CEST) on July 25, 2025.

Loomis AB (publ.) Corporate Identity Number 556620-8095, PO Box 702, SE-101 33 Stockholm, Sweden. Telephone: +46 8-522 920 00, www.loomis.com

Operations

Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis' customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employed more than 24,000 people at the end of 2024 and had revenue of more than SEK 30 billion in 2024. Loomis is listed on Nasdaq Stockholm Large-Cap list.