BE Group Year-end report 2025

Fourth quarter

Statement from the CEOThe fourth quarter of 2025 continued to be characterized by a weak steel market in the Nordic region with low demand. The Group's net sales decreased by 10 percent to SEK 925 M (1,033). The underlying result amounted to SEK -52 M (-15), which reflects the challenging market environment and the impact that the transition to the new business system has had on the Finnish operations. The operating result amounted to SEK -52 M (-69). Cash flow from operating activities amounted to -5 MSEK (53) despite the weak operating result, reflecting working capital discipline.

Demand from the manufacturing industry was weak, particularly in the subcontractor segment, where deliveries decreased by 8 percent. However, sales to OEM customers were unchanged. At the same time, the recovery in the construction segment continued, with volumes increasing by 8 percent.

The joint venture ArcelorMittal BE Group SSC AB (AMBE), operating within the thin sheets segment, deliver satisfactory results despite a persistently challenging economic and market environment.

For the full-year 2025, net sales decreased by 16 percent to SEK 3,934 M (4,667) and the underlying operating result amounted to SEK -113 M (51). The result was negatively impacted by items affecting comparability of SEK -471 M (-47) mainly related to write-down of goodwill, capitalized expenses for a new business system and the restructuring of business that have been implemented. Cash flow from operating activities amounted to SEK 2 M (105).

Market outlookThe recovery within the construction segment is expected to continue, and forecasts from a number of industrial customers also point towards a more favorable economic environment going forward, subject to the uncertain global situation. At the same time, we assess that steel prices in Europe and the Nordic region are pushed upwards by several interacting factors, including the introduction of CBAM (Carbon Border Adjustment Mechanism) and other protective measures. We now see steel prices rising by approximately 3-4 percent at the beginning of the first quarter of 2026 as a consequence of this.

Our focus going forwardOur focus is on maintaining strict capital discipline, ensuring full impact from implemented structural and cost measures, restoring efficiency in the Finnish operations and developing the business in segments where demand is showing positive development. In parallel, we have taken important steps within sustainability during 2025 by directing sourcing towards materials with lower carbon emissions and by making relevant sustainability data more accessible to our customers.

Christoffer FranzénActing President and CEO

For further information, please contact:Christoffer Franzén, Acting President and CEO and CFOTelephone: +46 705 46 90 05Email: [email protected]

This information is information that BE Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-01-27 14:00 CET.

About BE GroupBE Group AB (publ), which is listed on the Nasdaq Stockholm exchange, is a leading independent steel distributor that stores and processes steel, stainless steel, and aluminium for customers primarily in the construction and manufacturing industries. Through the company's production services, customers can order customized steel components to optimize their production processes. In 2025, the Group reported sales of SEK 3.9 billion. BE Group has approximately 520 employees, with Sweden and Finland as its largest markets. The headquarters is located in Malmö, Sweden. Read more about BE Group at www.begroup.com.

AttachmentsQ4 BE EN 2025