Q3 2026 Market Update

Strong organic growth driven by Vision Technologies and Electrification

Financial developments Q3 2026

• Turnover of €501.3 million (+20.3% organically)

• Adjusted EBITA of €63.3 million (+61.0% organically)

• ROS of 12.6% (Q3 2025: 9.2%)

• Added value at 48.8% (Q3 2025: 50.2%)

• Order book at €996.5 million (June 30, 2026: €1,031.2 million)

• Outlook reiterated: TKH expects organic growth in both turnover and Adjusted EBITA in 2026

Financial developments first nine months 2026

• Turnover of €1,457.1 million (+16.0% organically)

• Adjusted EBITA of €176.9 million (+49.2% organically)

• ROS of 12.1%

Alexander van der Lof, CEO of TKH: “During the third quarter of 2026, we continued our strong performance of the first half year, with a 20% growth in turnover and more than 60% growth in Adjusted EBITA. While our transition is continuing, the increased focus on Automation and Electrification is paying off.

Our growth was driven by Vision Technologies within the Automation segment, as well as by Electrification. Within Vision Technologies, both Machine Vision and Security Vision recorded strong growth. Turnover of Automated Machinery declined, impacted by the lower order intake of the previous quarters. Electrification benefitted from the strong demand in onshore energy, as well as the increased output levels at the Eemshaven offshore energy plant. In addition, the Digitalization activities performed strongly.

As we progress on the separation of our Electrification activities, we are further expanding our Automation proposition, supported by recent acquisitions in the weld seam vision inspection and an industrial AI and IoT software platform”.

Developments by segment

AUTOMATION

Vision Technologies
Vision Technologies recorded a 20.9% organic increase in turnover compared to Q3 2025, driven by strong performances in both Security and Machine Vision. Within Machine Vision, both 2D and 3D Vision performed well, with 3D benefiting from growth across its main end markets and 2D from growth in defense and semiconductors. Security Vision’s turnover increased compared to Q3 2025, driven by strong end markets in mission-critical technologies and automation. With the delivery of several larger projects in Q3 2026, Security Vison’s order book is lower than in June 2026, while Machine Vision’s order book continues to show sequential quarterly growth.

Automated Machinery
Automated Machinery recorded a 12.6% organic decrease in turnover compared to Q3 2025.  Turnover in Tire Building systems decreased due to lower order intake in previous quarters. Although the order intake in Q3 2026 improved compared to previous quarters, the effects on turnover will not be visible in the coming quarters due to the engineering time lag in translating into actual production output.

ELECTRIFICATION

For Q3 2026, Electrification reported a 46.5% organic increase in turnover compared to Q3 2025, partially due to the passing on of higher raw material prices. Offshore Energy recorded a sharp increase in turnover in Q3 2026, driven by higher production volumes of inter-array cables in Eemshaven and the higher contribution from outsourced services and accessories. Onshore Energy also showed a strong increase in turnover on the back of strong and further growing demand from the Dutch network operators. The Q3 2026 LTM turnover and Adjusted EBITDA for Electrification reached €661.5 million and €81.5 million respectively (Adjusted EBITDA margin of 12.3%).

OTHER

The other business reported a 24.8% organic increase in turnover compared to Q3 2025, mainly driven by Digitalization, as improved price levels and volumes led to a strong result.

2026 outlook

TKH reiterates its outlook communicated at the publication of its H1 2026 results. Barring unforeseen circumstances, TKH expects organic growth in both turnover and Adjusted EBITA in 2026. The anticipated full-year development includes a lower Q4 2026 Adjusted EBITA compared to Q4 2025 (€70.5m) due to the expected decrease in Automated Machinery results on the back of the lower order book and the strong Q4 2025 comparison base.

An analyst conference call will be held at 10:00 CET on November 10, 2026, which can be followed on our website (www.tkhgroup.com).

Haaksbergen, November 10, 2026