This is a translation of the Swedish version of the report. In case of any discrepancies, the Swedish version shall prevail.
 
To provide a true and fair view of the results and financial position, ProfilGruppen has introduced alternative income statements and balance sheets. The methodology, within the framework of IFRS, is described in Note 8 and on pages 13–14, and corresponds to an approach that could be applied when preparing an acquisition balance sheet. This gives a significantly different presentation of both the financial performance and financial position. Complete fair alternative income statements and balance sheets are presented on pages 5–6, while the accounting-based statements (in accordance with IFRS) are presented on pages 7–8. The income statements up to and including EBITDA are identical, as is the Group’s cash flow (page 9). The Parent Company’s financial statements on page 10 are available only in the accounting-based version (in accordance with IFRS).
 
The income reporting no longer includes a division between operating profit and the result from exposure to metal price risk. This division and the corresponding periodisation of results could not be completed. That work and implementation remain to be carried out. As a consequence, the uncertainty in quarterly profit periodisation is greater than for the full year, and this applies to both reporting approaches.
 

• As a consequence of the new methodology, ProfilGruppen has introduced a new financial target: a fair alternative return on equity (after tax) of at least 15%. ProfilGruppen’s alternative return on equity (after tax) for 2025 amounted to 2.4% (1.9). For the definition, see Key Performance Indicators on page 15.
• The new methodology results in earnings per share from continuing operations after tax of SEK 4, compared with SEK 14 according to the accounting records (IFRS), as well as equity per share of SEK 192.9 compared with SEK 94.5 according to the accounting records (IFRS). ProfilGruppen thus has significantly higher values, but lower profitability, than what appears in the accounting records (IFRS).
• In the fourth quarter of 2025, revenues amounted to SEK 520.4 million (579.5) – a temporary dip that is assessed as insignificant. For the full year 2025, revenues amounted to SEK 2,329.8 million (2,271.8) and EBITDA to SEK 237.3 million (252.2).
• Earnings per share after tax for the full year 2025 (IFRS) amounted to SEK 9.9 (12.7), and return on equity after tax (IFRS) amounted to 15.8% (15.2).
• The operations started in Poland during the year were discontinued in the fourth quarter. These operations are recognised as discontinued operations, both in the accounting records (IFRS 5) and in the fair alternative reporting, and are therefore not included in the reported continuing operations. The impact on profit after tax for the quarter is SEK –15.4 million (full year –32.1 million).
• The Board of Directors proposes that no dividend be paid for the 2025 financial year (5 SEK per share).