Interim report
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1 26 25 3Q 2025/2026 quarterly report Provide IT Sweden AB (publ)
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2 FINANCIAL OVERVIEW 3Q 2025/2026 financial overview 1 October - 31 December 2025, year-on-year comparison. Revenue: 5 745 (7 339) TSEK. Operating profit: -590 (-515) TSEK. Net profit/loss: -501 (-405) TSEK. Net profit/loss per share: -0,08 (-0,06) SEK. 9M 2025/2026 financial overview1 1 April - 31 December 2025, year-on-year comparison. Revenue: 16 778 (20 709) TSEK. Operating profit: -2 537 (-869) TSEK. Net profit/loss: -2 143 (-719) TSEK. Net profit/loss per share: -0,32 (-0,11) SEK. 1 The financial result for these 9 months includes one-time costs of 335 thousand SEK related to the change of CEO.
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3 Provide IT Sweden operates in the IT sector. The company provides expertise in web and system development. The business consists of two business areas with two separate brands. Consulting Consulting is the company's largest business area and involves hiring primarily senior system developers as consultants. The business area's concept is innovative and gives consultants more freedom in terms of training, assignments, salary conditions, etc. than traditional consulting businesses. The company believes that this simplifies the recruitment of senior system developers, which is usually the bottleneck in a consulting business's growth. www.provideitconsulting.se Digital agency The digital agency provides strategy, design, development and management of websites, portals, e-commerce and other web-based solutions. Unlike the consulting business area, the assignments are usually sold at a fixed price and carried out by staff in the company's offices. www.provideit.se
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4 EVENTS DURING THE QUARTER 27th November 2025 Quarterly report – Q2 2025/2026 Read more here: Link 6th November 2025 Provide IT terminates agreement with liquidity provider Read more here: Link
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5 CEO’s letter The third quarter of the 2025/2026 financial year, October-December 2025, did not provide a recovery in terms of financial performance. The company reported revenues of 5,745 thousand SEK and operating loss of 501 thousand SEK. Revenues decreased by 22% year-on-year to 5,745 thousand SEK. The key driver for the decrease were projects of own consultants, which is the biggest revenue line. As previously communicated, this year we have a lower number of own consultants on projects as a combination of team restructuring and difficult market conditions. At the same time, agency business line was particularly strong in late 2024, which compounded the negative effect on profitability. Operating loss was comparable year-on-year and amounted to 501 thousand SEK. The loss is predominantly a result of lower revenues coming from own consultants’ business line. The operating loss includes an impact of increase in holiday debt of about 250 thousand SEK. The loss would have been higher without the cost-cutting initiatives implemented earlier in 2025. Sales continues to be the core focus of our organization. We have implemented several sales initiatives aiming at better utilization of our professional network to win new projects. Once we manage to bring more volumes to the company, the profitability will follow. Philip Kornmann CEO, Provide IT Sweden AB
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6 INCOME STATEMENT All figures in ths SEK 2025-10-01 -2025-12-31 3 months 2024-10-01 -2024-12-31 3 months 2025-04-01 -2025-12-31 9 months 2024-04-01 -2024-12-31 9 months 2024-04-01 -2025-03-31 12 months Revenues Net sales 5 745 7 339 16 778 20 709 28 371 Other operating income 0 0 0 0 1 5 745 7 339 16 778 20 709 28 372 Operating expenses Hired sub-consultants -1 867 -1 638 -4 949 -3 717 -5 092 Other external costs -550 -592 -1 857 -1 913 -2 782 Personnel costs -3 887 -5 593 -12 420 -15 855 -21 703 Depreciation -28 -31 -85 -93 -123 Other operating expenses -2 0 -4 0 0 -6 334 -7 853 -19 315 -21 577 -29 700 Operating profit -590 -515 -2 537 -869 -1 328 Interest income 6 36 17 106 133 Interest expenses -55 -73 -167 -169 -233 -48 -37 -150 -63 -101 Profit after financial items -638 -552 -2 687 -932 -1 429 Profit before tax -638 -552 -2 687 -932 -1 429 Tax on profit for the period 0 0 0 0 0 Deferred tax 137 146 544 212 271 Profit for the year/period -501 -405 -2 143 -719 -1 158
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7 BALANCE SHEET All figures in ths SEK 31/12/2025 31/12/2024 31/03/2025 Non-current assets Tangible fixed assets Equipment, tools and installations 164 272 249 Total tangible fixed assets 164 272 249 Financial fixed assets Deferred tax assets 814 212 271 Total financial fixed assets 814 212 271 Total non-current assets 978 485 520 Current assets Current receivables Trade receivables 1 660 2 514 2 070 Other receivables 813 292 381 Revenue accrued but not invoiced 1 544 1 751 2 687 Prepaid expenses and accrued income 332 543 408 Total current receivables 4 348 5 101 5 547 Cash and cash equivalents 2 567 6 594 5 576 Total current assets 6 915 11 694 11 123 TOTAL ASSETS 7 893 12 179 11 643
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8 All figures in ths SEK 31/12/2025 31/12/2024 31/03/2025 EQUITY AND LIABILITIES Equity Restricted equity Share capital 667 667 667 Total restricted equity 667 667 667 Unrestricted equity Retained earnings (incl. share premium account) 3 271 4 430 4 430 Profit for the period/year -2 143 -719 -1 158 Total unrestricted equity 1 128 3 710 3 271 Total equity 1 795 4 377 3 938 Long-term liabilities Liabilities to credit institutions 1 072 1 786 1 548 Total long-term liabilities 1 072 1 786 1 548 Current liabilities Liabilities to credit institutions 714 714 714 Trade payables 979 1 361 1 062 Other liabilities 1 754 1 926 1 959 Accrued expenses and prepaid income 1 579 2 015 2 422 Total current liabilities 5 027 6 016 6 157 TOTAL EQUITY AND LIABILITIES 7 893 12 179 11 643
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9 NUMBER OF SHARES The company had 6 668 571 shares as of 2025-12-31. UPCOMING REPORTS 2025/2026 annual report: 2026-05-28 COLLATERAL PLEDGED The company has a loan of 2,500 thousand SEK from DBT Capital (1,786 thousand SEK as of 2025-12-31). As security for the loan, the company has provided corporate mortgages of 2,500 thousand SEK to DBT Capital.
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10 RECOGNITION AND MEASUREMENT PRINCIPLES REVENUE RECOGNITION Revenue has been recognized at the fair value of what has been received or will be received and is reported to the extent that it is probable that the economic benefits will flow to the company, and the revenue can be calculated reliably. WORK IN PROGRESS Revenue from ongoing projects is recognized as revenue as the work is performed and materials are delivered or consumed, known as percentage of completion. FIXED ASSETS Intangible and tangible fixed assets are reported at cost less accumulated depreciation according to plan and any impairment losses. Depreciation is carried out on a straight-line basis over the expected useful life, considering any significant residual value. THIS REPORT HAS NOT BEEN REVIEWED BY THE COMPANY'S AUDITORS. This information is information that Provide IT Sweden AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was provided, through the above contact person, for publication on 29th August 2025.