Profitability, financial position and cash flow
The return on equity at the end of the period was 29 percent (29) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 82 percent (77).

At the end of the period the equity ratio amounted to 40 percent (38). Equity per share, excluding non-controlling interest, totalled SEK 31.40 (24.95). The Group's net debt at the end of the period amounted to SEK 6,230 million (5,411), excluding pension liabilities of SEK 241 million (263). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.7 (0.8).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 4,439 million (2,774) at 30 September 2026. 

Cash flow from operating activities amounted to SEK 1,322 million (1,336) during the period. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 605 million (411). Investments in non-current assets totalled SEK 91 million (75) and disposal of non-current assets amounted to SEK 2 million (3). Repurchase of call options amounted to SEK 45 million (71). Exercised and issued call options totalled SEK 22 million (5). During the second quarter, dividend of SEK 3.60 (3.20) per share was paid, totalling SEK 972 million (864).

Employees
At the end of the period, the number of employees was 5,051 compared to 4,861 at the beginning of the financial year. During the period, completed acquisitions resulted in an increase of the number of employees by 143. The average number of employees in the latest twelve month period was 4,823.

Ownership structure
At the end of the period the share capital amounted to SEK 51.1 million.

In accordance with a resolution of the August 2026 AGM, about 150 members of management were offered the opportunity to acquire 1,000,000 call options on repurchased Class B shares. In total, 711,877 options were subscribed for. Addtech has four outstanding call option programmes for a total of 2,447,696 shares. Call options issued on repurchased shares entail a dilution effect of about 0.04 percent during the latest twelve month period. Addtech's own shareholdings fully meet the needs of the outstanding call option programmes.

Acquisitions and disposal
During the period, 1 April to 30 June 2026 the following acquisitions were completed; Staka Holding B.V., Netherlands, was acquired to become part of the Safety business area, and Nijhuis Engineering B.V., Netherlands, was acquired to become part of the Electrification business area. 

On 28 August, RTL Materials Ltd., Great Britain, was acquired to become part of the Industry business area. RTL develops and manufactures patented rollable composite structures and deployable mast systems for demanding applications within defence, aerospace, infrastructure, and industrial markets. RTL has 60 employees and sales of around GBP 11 million.

The purchase price allocation calculations for the acquisitions completed during the period 1 April - 30 September 2025 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2025/2026 financial year are distributed among the Group’s business areas as follows:

If all acquisitions which have taken effect during the period had been completed on 1 April 2026, their impact would have been an estimated SEK 190 million on Group net sales, about SEK 24 million on operating profit and about SEK 17 million on profit after tax for the period. 

Addtech normally employs an acquisition structure comprising basic purchase consideration and contingent consideration. The outcome of contingent purchase considerations is determined by the future earnings reached by the companies and is subject to a fixed maximum level. Of considerations not yet paid for acquisitions during the period, the discounted value amounts to SEK 41 million. The contingent purchase considerations fall due for payment within two years and the outcome is subject to a maximum of SEK 65 million. 

Transaction costs for acquisitions that resulted in an ownership transfer during the period amounted to SEK 15 million (8) and are reported under Selling expenses. 

Revaluation of contingent consideration had a positive net effect of SEK 80 million (21) during the period. The impact on profits is reported under Other operating income and Other operating expenses, respectively.

According to the preliminary acquisitions analyses, the assets and liabilities included in the acquisitions were as follows, during the period:

Parent Company
Parent Company's net sales during the period amounted to SEK 66 million (57) and profit after financial items was SEK 13 million (-16). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 364 million (-99) at the end of the period.