Interim report: 1 January-31 March 2026

“In line with our strategy, we carried out further work to strengthen BHG during the quarter, which continued to yield results. We more than doubled our profitability and, along with improving our cash flow, reduced our leverage ratio to 2.6x from 3.9x at the same time last year. Profitability in the quarter was strong, driven by the strategic and operational measures we have implemented. We have built a more focused and efficient group with better discipline across our operations, providing us with a stronger platform to continue our profitable growth journey” says Gustaf Öhrn, President and CEO.

Highlights
1 January-31 March

• Net sales increased 1.9% to SEK 2,246.2 million (2,203.5). Organic growth was 4.2%
• Gross profit amounted to SEK 590.1 million (558.0), corresponding to a gross margin of 26.3% (25.3)
• Adjusted EBIT improved to SEK 44.5 million (21.2), corresponding to an adjusted EBIT margin of 2.0% (1.0)
• Cash flow from operating activities amounted to SEK -50.3 million (-103.1)
• Earnings per share amounted to SEK -0.10 (0.27) before dilution and SEK -0.10 (0.27) after dilution

Key events during the first quarter and after the period

• On 18 March, updated financial targets were announced for BHG Group
• On 19 March, BHG Group held a Capital Markets Day during which the Group presented a clear strategic plan for profitable growth through continued operational excellence in the company’s platforms, Group-wide strategic initiatives including AI and data, and selective bolt-on acquisitions
• On 21 April, it was announced that BHG had refinanced its existing debt facilities and secured long-term financing, reflecting its improved financial position and lowering its financing costs

CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE INTERIM REPORT
Gustaf Öhrn, President and CEO, and Jesper Flemme, CFO, will hold a conference call at 10:00 a.m. on Thursday, 23 April in connection with the publication of the interim report.
The call will be held in English. Use the following link to participate in the webcast: https://bhg.events.inderes.com/q1-report-2026/register. There will be an opportunity to ask questions in writing at the webcast. If you wish to ask questions verbally during the conference call, please register via the following link: https://events.inderes.com/bhg/q1-report-2026/dial-in. Once you have registered you will receive a telephone number and conference ID to log in to the conference. There will be an opportunity to ask questions verbally at the webcast.
The presentation will be available from the Group’s website: https://www.wearebhg.com/investors/presentations/.

INTERIM REPORTS ON WWW. WEAREBHG. COM
The full interim report for the period January to March 2026 and previous interim and year-end reports are available at https://www.wearebhg.com/investors/financial-reports/