This company announcement contains inside information related to preliminary numbers and the updated financial guidance for 2026.

The final Interim Report Q3 2026 will be published as planned on Friday, 13 November 2026.

Preliminary financial results for Q3 2026

Net revenue for Q3 2026 wasd DKK 23.1 million, down 9.8% from DKK 25.6 million in Q3 2025. The decline is smaller than the reduction in capacity: the number of units is down 16.7% year-on-year. Average vacancy was 13.2% against 18.2% in Q3 2025.

EBITDA for Q3 2026 was DKK 2.4 million, an improvement of DKK 0.8 million compared to Q3 2025. EBIT was DKK 1.8 million against DKK 0.3 million. Year-to-date, EBITDA was DKK 1.2 million and EBIT dkk (0.7) million.

Vacancy in Q3 was lower than assumed in the guidance of 25 August 2026, and the exits from Odense and Västerås were completed during the quarter.

Updated financial guidance for 2026

The guidance implies EBITDA of between DKK 0.3 million and 1.3 million in Q4 2026, against DKK 2.4 million in Q3 2026, reflecting our normal seasonality pattern.

The upgrade rests on three main factors:

• Lower vacancy: Vacancy in Q3 was lower than assumed, and secured revenue for Q4 supports a lower vacancy level in our core markets than assumed in August.
• Completed exits: Odense and Västerås were exited during Q3, removing there cost drag from Q4.
• Lower cost base: Cost of sales and staff costs fell by 14.3% and 11.4% respectively in Q3, both faster than revenue.