ANNUAL REPORT 2025

The year in brief

Net sales

SEK 3,934 M

(2024: SEK 4,667 M)

Underlying operating result

SEK -113 M

(2024: SEK 50 M)

Operating result

SEK -586 M

(2024: SEK -49 M)

Result after tax

SEK -538 M

(2024: SEK -42 M)

Cash flow from operating activities

SEK 2 M

(2024: SEK 105 M)

Result per share

SEK -35.54

(2024: SEK -3.21)

CEO STATEMENT

Towards a more stable foundation and improved market Outlook

2025 was a year marked by continued weak market conditions in the steel industry. Low demand, price pressure, and geopolitical uncertainty affected both volumes and profitability. In addition to the challenging market situation, the Finnish operations were negatively impacted during the transition to a new business system. Toward the end of the year, the situation gradually improved, and the business stabilised.

SUSTAINBILITY STATEMENT

BE Group’s impacts

Business area Sweden & Poland

Improved market outlook and strengthened structure

Business area Sweden & Poland accounted for 55 percent (52) of the Group’s external net sales in 2025. The business area includes the Group’s operations consisting of BE Group Sweden and the joint venture ArcelorMittal BE Group SSC AB. The Swedish operations consists of production and warehouse facilities in Norrköping as well as sales offices in eight locations.

Business area Finland & Baltics

Focus on efficiency, customer value and growth

In 2025, the business area accounted for 45 percent (48) of the Group’s external net sales. The business area includes the Group’s operations in Finland. The Baltic unit was closed and divested during 2024. The Finnish operations consist of production and warehouse facilities in Lapua, Lahti, and Turku, as well as sales offices in nine locations.

Corporate Governance

Information about Corporate Governance

The Company’s accounts as well as the administration of the Board of Directors and the President are reviewed by auditors appointed by the Annual General Meeting. The Annual General Meeting adopts principles for the appointment of the Nomination Committee, which formulates proposals to the Annual General Meeting prior to the election and setting of fees for the Board of Directors and auditors. In addition to laws, regulations and the Code, BE Group applies internal governance instruments such as a code of conduct and information policy.

This is BE Group

BE Group dates back to the 1800s and is today one of the Nordic region’sleading trading and service companies in steel, stainless steel and aluminum.

The BE Group share

Since 2006, BE Group AB has been listed on the NASDAQ Stockholm Exchange under the ticker BEGR. The company is included in the Basic Resources sector and has ISIN code SE0008321921.

At the end of 2025, BE Group had 8,586 shareholders, compared with 10,231 at the end of the previous year. AB Traction and Svedulf Fastighets AB were the two largest owners with, in total, approximately 50% of the shares.