Half Year Financial Report 2026 review by Jarno Suominen

The second quarter was strong with growth in all business areas. The Group’s turnover increased by nearly 10% and the EBIT margin increased to an excellent level of 9.5%, which is a significant improvement year-on-year. During the first half of the year, earnings per share increased year-on-year to EUR 0.14, which supports the full-year guidance.

Profitable growth continued in the Finnish business, and the EBIT margin increased significantly from the previous year to 9.5%. I am particularly pleased with the growth in entertainment venues after a long time. Sports and entertainment events organised at Nokia Arena during the spring accelerated the growth of event restaurants, and the early summer being sunnier than last year supported the terraces, which are important for the season. During the autumn, the Company will strengthen its foothold in the attractive Rovaniemi area, which is important for tourism, by opening its ninth Stefan’s Steakhouse in Finland and a Hook chicken wing restaurant. The openings of Hook restaurants in Tampere, Pori and Oulu have also been confirmed.

“The Group’s turnover increased by nearly 10% and the EBIT margin increased to an excellent level of 9.5%, which is a significant improvement year-on-year.”

The EBIT margin of the international business strengthened to an excellent level of 9.3%. In Norway, the streamlining of the restaurant portfolio and the development of operations have yielded results and the business is once again on a profitable basis with clearly positive EBIT. Structural measures are largely behind us and the focus is being shifted to the operational development of the business. In Denmark, the profitability of the restaurant business recovered as expected, and organic growth continued in both the core business and Triple Trading.

The recovery in consumer purchasing power has remained cautious, although there were some positive signs in the market during the quarter. However, the development of our Company’s business makes us well positioned for the rest of the year. The highlights of the late summer include the three sold-out farewell concerts by the band Eppu Normaali in Tampere, with NoHo Partners fully responsible for the restaurant services. The events are expected to bring tens of thousands of visitors to the city and thus provide additional momentum for the third quarter’s business.

4 August 2026

Jarno Suominen

CEO