Year-end Report 2025/2026 Provide IT Sweden AB (publ)

Correction: In connection with the completion of the annual report, a minor adjustment regarding revenue recognition was made. The adjustments increase revenue for the financial year by approximately TSEK 120, the operating profit by approximately TSEK 120, the profit after tax by approximately TSEK 95. Similarly, the adjustments increase revenue for Q4 by approximately TSEK 120, the operating profit by approximately TSEK 120, and the profit after tax by approximately TSEK 95. This press release corrects the year-end report published on 28 May 2026 . FINANCIAL OVERVIEW 4Q 2025/2026 financial overview - 1 January 2026 - 31 March 2026 , year-on-year comparison. Revenue: 6 805 (7 663) TSEK. Operating profit: 259 (-460) TSEK. Net profit/loss: 170 (-439) TSEK. Net profit/loss per share: 0,03 (-0,07) SEK . 12M 2025/2026 financial overview - 1 April 2025 - 31 March 2026 , year-on-year comparison. Revenue: 23 584 (28 372) TSEK. Operating profit: -2 278 (-1 328) TSEK. Net profit/loss: -1 973 (-1 158) TSEK. Net profit/loss per share: -0,30 (-0,17) SEK . ABOUT THE COMPANY Provide IT Sweden operates in the IT sector. The company provides expertise in web and system development. The business consists of two business areas with two separate brands. Consulting Consulting is the company''s largest business area and involves hiring primarily senior system developers as consultants. The business area's concept is innovative and gives consultants more freedom in terms of training, assignments, salary conditions, etc. than traditional consulting businesses. The company believes that this simplifies the recruitment of senior system developers, which is usually the bottleneck in a consulting business''s growth. www.provideitconsulting.se Digital agency The digital agency provides strategy, design, development and management of websites, portals, e-commerce and other web-based solutions. Unlike the consulting business area, the assignments are usually sold at a fixed price and carried out by staff in the company''s offices. www.provideit.se EVENTS DURING THE QUARTER 26th February 2026 Quarterly report - Q3 2025/2026 Read more here: Link CEO'S LETTER 2026/2026 financial year was closed with sales of 23,584 thousand SEK, which was lower by 17% in comparison to the previous financial year. The company reported a net loss of 1,973 thousand SEK, which was 815 thousand SEK higher than last year. The annual financial results are affected mainly by lower sales of own consultants in combination with costs related to team restructuring as well as severance package paid to the former CEO. The cost-cutting initiatives introduced did not manage to outweigh the other negative effects. In the last quarter, the company reported an operating profit of 259 thousand SEK, which is a promising result. However, it should be noted that the comparable period last year was affected by one-off costs related to the former CEO stepping down. We have identified several cost lines that would further enable us to be a more cost-efficient and lean organization. As communicated previously, we continue to focus on growing sales as we believe that it is the best way forward to bring Provide IT to recurring profitability. However, we continue to believe that the current market environment is very challenging, especially for smaller organizations with small middle-management teams. Therefore, we have been preparing a new initiative aiming at finding the right partners in the IT consulting space that we can potentially merge with. In the coming weeks we will communicate with selected IT consulting companies to check whether we see a potential for joining forces and approaching the IT market together. We are also open for contact directly from other owners as well as M&A advisory boutiques. Philip Kornmann CEO, Provide IT Sweden AB NUMBER OF SHARES The company had 6 668 571 shares as of 2026-03-31. UPCOMING REPORTS 2026/2027 1Q report: 2026-08-28 2026/2027 2Q report: 2026-11-27 2026/2027 3Q report: 2027-02-26 2026/2027 annual report: 2027-05-28 Annual general meeting at the head office in Gothenburg: 2026-09-24. The annual report will be published no later than 3 weeks before the annual general meeting on the company''s website and on Spotlight Stock Market. PROPOSED DISTRIBUTION OF EARNINGS The Board of Directors and the CEO propose that no dividend be paid for the financial year 2025/2026. COLLATERAL PLEDGED The company has a loan of 2,500 thousand SEK from DBT Capital (1,548 thousand SEK as of 2026-03-31). As security for the loan, the company has provided corporate mortgages of 2,500 thousand SEK to DBT Capital. RECOGNITION AND MEASUREMENT PRINCIPLES Revenue recognition Revenue has been recognized at the fair value of what has been received or will be received and is reported to the extent that it is probable that the economic benefits will flow to the company, and the revenue can be calculated reliably. Work in progress Revenue from ongoing projects is recognized as revenue as the work is performed and materials are delivered or consumed, known as percentage of completion. Fixed assets Intangible and tangible fixed assets are reported at cost less accumulated depreciation according to plan and any impairment losses. Depreciation is carried out on a straight-line basis over the expected useful life, considering any significant residual value. THIS REPORT HAS NOT BEEN REVIEWED BY THE COMPANY'S AUDITORS. This information is information that Provide IT Sweden AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was provided, through the above contact person, for publication on 7th Septmber 2026. Philip Kornmann CEO, Provide IT Sweden AB (publ) Phone: 076 246 71 13 Email: philip.kornmann@provideitconsulting.se https://news.cision.com/provide-it/r/correction--year-end-report-2025-2026-provide-it-sweden-ab--publ-,c4393004 https://mb.cision.com/Main/14369/4393004/4255910.pdf (c) 2026 Cision. All rights reserved., source Press Releases - English