Summing up | Significant events in Q2 2025

Summary of the quarter
Significant events in Q2 2025

• Conapto has successfully issued inaugural SEK 500 million senior secured bonds
• Conapto received a Net Promotor Score of 85 and Customer Loyalty Index of 90 in a survey conducted by AQ Analys
• Additional contracted capacity increased run-rate adj. EBITDA from SEK 55 million to SEK 68 million

Significant events after end of the period

• Significant progress in the collaboration with SEOM (Sollentuna Municipality Energy and Environment) for the development of Conapto’s 5th data center, Stockholm 5 North, the purpose of which is to increase the proportion of recycled energy supplied to the municipality's district heating network
• New auditor appointed

April-June 2025

• Net sales: 38 158 (35 970) KSEK
• Operating profit (EBIT): -20 168 (888) KSEK
• Profit for the period: -40 621 (-4 326) KSEK
• Cash flow for the period: 115 887 (51 567) KSEK
• Cash/cash equivalents at the end of the period: 152 837 (107 268) KSEK
• Non recurring costs connected to financing was -25 081 KSEK during the quarter

Financial strength and high customer loyalty mark the second quarter of 2025
During the period, we continued to welcome new colocation customers to our most recently completed data center, Stockholm 4 South, a 20 MW data center designed for cloud and AI services. The data center, which started as a green field project, was completed and opened to customers in September 2024. During the quarter, deployments have continued and been carried out at the high quality our customers expect and in line with our established schedules and processes.

A key milestone during the period was a customer survey conducted by AQ Analys, a company specialized in interviews with B2B corporate customers. We are very proud of the results: 77% of our customers participated in telephone interviews, giving us a Net Promotor Score of 85 and Customer Loyalty Index of 90.

To accelerate our business plan and meet the growing demand for our data center services, we achieved another major milestone during the period by issuing senior secured bonds of SEK 500 million, with a framework of SEK 1,000 million. This highly successful bond issue generated strong demand from international and Nordic institutional investors, underscoring the market's confidence in Conapto’s business plan and our role in the rapidly evolving digital infrastructure landscape.

I’m very proud of our employee’s dedication and hard work, which has resulted in new contracted capacity at Stockholm 4 South. This increased our run-rate adj. EBITDA from SEK 55 million at the end of the first quarter to a new record high of SEK 68 million.

Looking ahead, I see significant opportunities in the second half of 2025, with market trends in our favor and continued strong demand for our services. We are engaged in ongoing discussions with top-tier international customers - a testament to our team’s confidence in Conapto's business model and their focused work toward our vision of delivering a world-class customer experience. I’m deeply grateful for our customers' trust in choosing us for colocation needs and for our employees’ commitment to excellence, which is backbone of Conapto’s business.

Håkan Björklund
CEO

For more information, please contact:

Håkan Björklund, CEO
+46705590786
hakan.bjorklund@conapto.se

About Conapto
Conaptooffersscalable,secureandsustainabledata centercolocationfor physical hardware as well as market-leading access to communication and connectivity to public cloud services. Conapto has four data centers and its headquarters in Stockholm.Learnmoreat www.conapto.com.

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