Tången Industrikapital (TANGEN) investor relations material

Executive summary

• Achieved strong organic and acquired growth in Q2 2026, with net sales up 60.5% year-over-year to SEK 647.1 million and adjusted EBITA up 115.7% to SEK 87.9 million.

• Completed IPO on Nasdaq Stockholm in June, raising SEK 379 million, eliminating net debt, and achieving a net cash position.

• All business areas contributed to growth, with Service Solutions and Industrial Technology leading margin expansion.

• Continued focus on profitable growth, steady acquisitions, and high cash conversion.

• Active M&A pipeline, acquiring NT Smidesteknik and several other companies in H1 2026.

Financial highlights

• Q2 2026 net sales reached SEK 647.1 million, up 60.5% year-over-year; adjusted EBITA was SEK 87.9 million, up 115.7%.

• EBITDA margin was 13.6% in Q2 2026; cash conversion was 83%.

• Operating cash flow for Q2 was SEK 65 million.

• Return on capital employed improved to 18.5%.

• Net cash position achieved after IPO and refinancing.

Outlook and guidance

• Full-year EBITA/EBITDA margin expected to be around 14%, in line with target; organic growth to continue but at a slower pace.

• M&A pipeline remains strong, with 2–4 additional acquisitions anticipated in H2 2026.

• Anticipates continued sales growth in Service Solutions and positive momentum in infrastructure, data centres, defence, and oil & gas.

• Ongoing market and geopolitical uncertainty may impact some customer groups.