Alternative Performance Measures (APMs)
Since 2025, ProfilGruppen has presented Alternative Performance Measures (APMs) as a complement to the Group’s statutory financial reporting prepared in accordance with IFRS. The APMs are intended to provide a more true and fair view of the Group’s capital‑intensive operations, capital structure and capital consumption. This interim report includes complete income statements, balance sheets and selected key ratios prepared in accordance with the APM framework, together with a description of the applied calculation methodology. The income statements prepared in accordance with APM and IFRS are identical up to operating profit before depreciation and amortisation (EBITDA). Net Income according to APM is divided into operating profit and profit or loss from exposure to metal risk. The allocation and periodisation of these results involve uncertainty and are based on assumptions. Profit or loss from exposure to metal price risk is identical under IFRS and the APM framework.

First quarter 2026

• Group’s Net turnover amounted to SEK 609.6 million (639.6 million).
• Earnings per share for the quarter amounted to SEK 2.5 (3.7) under the fair alternative methodology (APM) and to
  SEK 4.8 (6.0) under statutory accounting (IFRS).
• Of the earnings per share for the quarter under the APM framework, SEK 1.5 related to profit from exposure to metal price risk and SEK 1.0 to operating profit.
• For the first quarter, profit from exposure to metal price risk is estimated at SEK 29 million, of which approximately SEK 14 million is assumed to have been included in the earnings per share for the quarter above, while the remaining portion is attributable to subsequent periods.
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*Return on Equity is calculated as the net income for the period (after tax) as a percentage of average equity for the period.