Pörssitiedotteet | HLRE Holding Oyj

HLRE Holding Oyj – Approval of written procedure and postponement of an interest payment3.12.2025 09:44:33 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Oyj (the "Company") today announces the successful completion of the written procedure that was initiated on 6 November 2025 in relation to the Company's outstanding SEK 300,000,000 senior secured bond loan with ISIN SE0015530712 (the "Bonds"), regarding an amendment and waiver to the terms and conditions of the Bonds whereby the interest payable on 12 November 2025 would be postponed, so that such interest would be paid on 12 May 2026 instead, and any default interest relating to such deferred interest payment would be waived (the "Proposal"). A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour of approving the Proposal. The amendments and waiver will become effective when (i) the Company and Nordic Trustee & Agency AB (publ) in its capacity as agent of the holders of the Bonds enter into an amendment agreement, amending the terms and conditions of the Bonds, and (i

HLRE Holding Group Interim Report 1 February – 31 October 20252.12.2025 15:46:08 EET | HLRE Holding Oyj | Interim report (Q1 and Q3)

Figures in parentheses refer to the corresponding period of the previous year. August - October 2025 in Brief Q3 revenue decreased by 13 % to EUR 29.4 million (EUR 33.6 million). Q3 gross profit decreased to EUR 11.4 million (EUR 14.0 million). Q3 adjusted EBITDA was EUR 3.1 million (EUR 3.6 million). Q3 net cash from operating activities was EUR 3.2 million (EUR 4.2 million). The impairment test concerning Group’s assets was made at the end of October and as a result write down of goodwill with EUR 14.7 million is booked in Q3 Interim Report. Write down is allocated to CGU1 (cash generating unit), which consist mostly of roof installation business in Finland. The Group has published a press release for the impairment test in the beginning of December. HLRE Holding Oyj’s main shareholders have evaluated the possibility to strengthen HLRE Holding Group’s shareholder equity during Q4 in order to cover the Group’s financial statements negative equity because of goodwill write down. The pr

HLRE Holding Group concluded an impairment test for the Group’s assets at the end October 2025 and will book a write down of goodwill in Q3 Interim Report1.12.2025 15:01:30 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

The impairment test concerning HLRE Holding Group’s assets was made at the end of October and as a result write down of goodwill with EUR 14.7 million is booked in Q3 Interim Report. Write down is allocated to CGU1 (cash generating unit), which consist mostly of roof installation business in Finland. Determining the recoverable amount of a cash-generating unit is based on value in use calculations, which require the use of estimates. The calculations use cash flow projections based on budgets and estimates approved by the management for a five-year period. The cash flow projections are based on the Group’s actual results and the management’s best estimates of future sales, development of costs, general market conditions and applicable tax rates. The estimated future net cash flows are discounted to their present value when estimating the recoverable amount based on the pre-tax weighted average cost of capital. The market environment for roof renovations in Finland (CGU 1) has been chal

HLRE Holding Plc announces expected breach of Net Interest Bearing Debt to EBITDA financial covenant28.11.2025 14:29:45 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Oyj (the "Company") has today informed the agent for the Company's senior secured bonds (ISIN SE0015530712) (the "Bonds"), Nordic Trustee & Agency AB (publ) (the “Agent”), that it expects to breach the Net Interest Bearing Debt to EBITDA maintenance financial covenant under the terms and conditions of the Bonds for the relevant period that ended on 31 October 2025 (the "Anticipated Breach"). The Company will publish its Q3 financial report, and deliver the related compliance certificate where the financial covenants are reported to the Agent, for the period between 1 February 2025 and 31 October 2024 during the week 49 in the beginning of December 2025. The financial position of the Company and its group companies has been challenging for some time. Consequently, the Company has commenced negotiations with the largest holder of the Bonds of certain amendments to the terms and conditions of the Bonds as well as certain other financial restructuring measures whereby the fina

Changes in HLRE Holding Group Executive Management Team20.11.2025 08:00:35 EET | HLRE Holding Oyj | Changes board/management/auditors

Juha Nuutinen, HLRE Group’s Chief Financial Officer and member of the Group Executive Management, has resigned from the position to join another company. Juha will continue in the role until the end of December 2025. Antti Kärkkäinen has been appointed as HLRE Group’s interim Chief Financial Officer (CFO) starting 1 January 2026. The interim arrangement ensures continuity in financial management and provides the necessary time for recruiting a permanent CFO Further information: Kimmo Riihimäki, CEO, HLRE Holding Plc kimmo.riihimaki@vesivek.fi +358 40 073 0671

Vesivek Tuotteet Ltd has concluded the change negotiations concerning personnel19.11.2025 14:39:09 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

At the end of October, Vesivek Tuotteet Ltd, part of the HLRE Holding Group, announced that it will initiate change negotiations concerning personnel. The basis for the change negotiations was the anticipated slowdown in demand during the upcoming winter season, due to both seasonality and the current market situation. The aim of the negotiations was to adjust current resourcing to the reduced sales volume. The negotiations began on 3 November 2025 and concerned all personnel of Vesivek Tuotteet Ltd. As a result of the negotiations, the number of employees will be reduced by seven. In addition, it was decided in the negotiations to implement temporary layoffs for all personnel during the period from 5 December 2025 to 26 April 2026. The layoffs will affect up to 64 people. The personnel changes are estimated to generate total annual savings of approximately EUR 0.7 million for the group. These measures are a response to declining market demand and aim to maintain financial profitabilit

HLRE Holding Group has concluded the Change Negotiations concerning installation personnel10.11.2025 09:58:00 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

At the end of September, HLRE Holding Group announced that it would initiate change negotiations concerning installation personnel. The aim of the negotiations was to reorganize installation work and adjust the current installation capacity to the reduced sales volume The negotiations began on 6 October 2025. They concerned installers and foremen at Vesivek Ltd and Vesivek Salaojat Ltd. As a result of the negotiations, the number of personnel will be reduced by 34 employees. In addition, in the negotiations it was decided on seasonal layoffs during the winter period, affecting up to 83 persons. The personnel changes are estimated to generate annual savings of approximately EUR 2.0 million for the Group. These measures are a response to the decline in market demand in recent years and, together with previous actions, aim to restore financial profitability. Further information: Antti Asteljoki, CEO, Vesivek Ltd and Vesivek Salaojat Ltd antti.asteljoki@vesivek.fi +358 40 052 3459

HLRE Holding Oyj initiates a written procedure to request postponement of an interest payment6.11.2025 10:28:03 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Oyj (the "Company") has instructed the agent for the Company's senior secured bonds (ISIN SE0015530712) (the "Bonds"), Nordic Trustee & Agency AB (publ) (the “Agent”), to initiate a written procedure to request that bondholders vote in favour an amendment to the terms and conditions of the Bonds. The largest holder of the Company’s bonds, holding approximately 66 2/3 per cent of the outstanding nominal amount of the Bonds, has indicated its support for the amendment. The amendment is to ensure that the Company and its other group companies have sufficient liquidity to finance their operations in the upcoming period. The Issuer requests in the written procedure the holders of the Bonds to approve that the terms and conditions of the Bonds are amended, so that the interest payable on 12 November 2025 would be postponed, so that such interest would be paid on 12 May 2026 instead. No deferred interest will accrue on the postponed interest payment. The Agent will deliver the no

Vesivek Tuotteet Ltd will initiate change negotiations concerning personnel28.10.2025 14:51:17 EET | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

Vesivek Tuotteet Ltd, part of the HLRE Holding Group, will initiate change negotiations concerning personnel. The basis for the change negotiations is the anticipated slowdown in demand during the upcoming winter season, due to both seasonality and the current market situation. The aim of the negotiations is to adjust current resourcing to the reduced sales volume. As a result of the planned changes, the number of personnel is estimated to decrease by no more than 10 employees. In addition, the planned changes may lead to temporary layoffs affecting up to 71 employees. Other potential personnel impacts may affect no more than two individuals involved in the change negotiations. The negotiations will take place in November, starting on 3 November 2025, and will concern all personnel of Vesivek Tuotteet Ltd. The personnel changes are estimated to generate total annual savings of approximately EUR 0.7 million for the group. These measures are a response to declining market demand and aim

HLRE Holding Plc will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 November 202516.10.2025 08:02:46 EEST | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Plc has a SEK 300 000 000 Senior Secured Bond 2024/2027 (ISIN SE0015530712), originally dated 5th February 2021 and updated 8th March 2024. HLRE Holding Plc (The Issuer) has sent a Notice today to Bondholders and has informed that the Company will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 November 2025. Deferred interest shall be paid upon redemption of the Bond. Floating Rate Margin is totally 7,85 %. Bond agreement is published in PDF format on the company’s website; https://www.vesivek.fi/investors/bond-documents/ HLRE Holding Plc Juha Nuutinen For further information Juha Nuutinen, Group CFO +358 50 438 0984 juha.nuutinen@vesivek.fi

HLRE Holding Group will initiate change negotiations concerning installation personnel29.9.2025 11:09:46 EEST | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Group will initiate change negotiations concerning installation personnel. The aim of the negotiations is to reorganize installation work and to adapt the current installation capacity to the reduced sales volumes. As a result of the planned changes, the number of personnel is estimated to decrease by no more than 47 employees. This figure also includes potential measures that would require substantial changes to the terms of employment contracts. In addition, the planned changes may lead to temporary layoffs affecting no more than 83 persons. The negotiations will take place in October, starting on 6 October 2025, and will concern installers and foremen of Vesivek Ltd and Vesivek Salaojat Ltd. The personnel changes are estimated to generate total annual savings of EUR 2.0 million for the Group. These measures are a response to the decline in market demand in recent years and, together with the company’s previous actions, aim to restore financial profitability. For further

HLRE Holding Group, Half-year financial report 1 February -31 July 202512.9.2025 14:09:50 EEST | HLRE Holding Oyj | Half Year financial report

Figures in parentheses refer to the corresponding period of the previous year. May - July 2025 in Brief Q2 revenue increased by 7 % to EUR 27.0 million (EUR 25.1 million). Q2 gross profit increased to EUR 9.8 million (EUR 9.2 million). Q2 adjusted EBITDA was EUR 0.6 million (EUR 0.6 million). Q2 net cash from operating activities was EUR 0.7 million (EUR 0.5 million). February – July 2025 in Brief H1 revenue increased by 7 % to EUR 48.8 million (EUR 45.7 million). H1 gross profit increased to EUR 18.4 million (EUR 17.7 million). H1 adjusted EBITDA was EUR 0.4 million (EUR 0.9 million). H1 net cash from operating activities was EUR 1.2 million (EUR -2.6 million). Key Figures HLRE HOLDING GROUP EUR Million May– July 25 Q2 May– July 24 Q2 Feb- July 25 H1 Feb– July 24 H1 Feb 24 – Jan 25 Q1-Q4 Revenue 27,0 25,1 48,8 45,7 102,9 Gross profit 9,8 9,2 18,4 17,7 37,3 Gross margin,% 36,2 % 36,7 % 37,7 % 38,7 % 36,2 % Adjusted EBITDA* 0,6 0,6 0,4 0,9 1,8 EBIT -0,7 -0,9 -2,5 -2,5 -5,1 Net cash from

HLRE Holding Group has concluded the change negotiations concerning the restructuring of its organization and operational processes28.8.2025 08:51:42 EEST | HLRE Holding Oyj | Muut pörssin sääntöjen nojalla julkistettavat tiedot

HLRE Holding Group announced in the beginning of August that it will restructure its organization and operational processes and will initiate change negotiations. In addition to changes in operating practices, the aim of the negotiations was to reduce management layers and enhance the efficiency of the sales organizations in Finland. The negotiations started on 11 August 2025 and ended on 18 August 2025, and concerned all personnel of HLRE Group Ltd, Vesivek Ltd, and Vesivek Salaojat Ltd, excluding installers and foremen. Vesivek Tuotteet Ltd, Tuusulan Peltikeskus Ltd, and Vesivek Sverige AB were entirely excluded from the change negotiations. As a result of the change negotiations, the number of personnel will decrease by 60 employees. Together with other changes in personnel in August, the total amount of employees will decrease by 71 employees from July head count. The personnel changes are estimated to generate annual savings of EUR 5.0 million. The estimated one-off expenses from

HLRE Holding Group is restructuring its organization and operational processes and will initiate change negotiations4.8.2025 09:03:12 EEST | HLRE Holding Oyj | Muut pörssin sääntöjen nojalla julkistettavat tiedot

HLRE Holding Group is restructuring its organization and operational processes and will initiate change negotiations. In addition to changes in operating practices, the aim of the negotiations is to reduce management layers and enhance the efficiency of the sales organizations. As a result of the planned changes, the number of personnel is estimated to decrease by no more than 103 employees. The figure also includes positions for which role changes or transfers to other duties are proposed. The negotiations will take place in August, starting on 11 August 2025, and will concern all personnel of HLRE Group Ltd, Vesivek Ltd, and Vesivek Salaojat Ltd, excluding installers and foremen. Vesivek Tuotteet Ltd, Tuusulan Peltikeskus Ltd, and Vesivek Sverige AB are entirely excluded from the change negotiations. The personnel changes are estimated to generate total annual savings of EUR 3.4 million for the Group. These measures are a response to the decline in market demand in recent years and,

HLRE Holding Plc will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 August 202515.7.2025 12:51:17 EEST | HLRE Holding Oyj | Other information disclosed according to the rules of the Exchange

HLRE Holding Plc has a SEK 300 000 000 Senior Secured Bond 2024/2027 (ISIN SE0015530712), originally dated 5th February 2021 and updated 8th March 2024. HLRE Holding Plc (The Issuer) has sent a Notice today to Bondholders and has informed that the Company will use its option to defer 30 per cent Floating Rate Margin related to the Interest Payment Date on 12 August 2025. Deferred interest shall be paid upon redemption of the Bond. Total Floating Rate Margin is 7,85 %. Bond agreement is published in PDF format on the company’s website; https://www.vesivek.fi/investors/bond-documents/ HLRE Holding Plc Juha Nuutinen For further information Juha Nuutinen, Group CFO +358 50 438 0984 juha.nuutinen@vesivek.fi

HLRE Holding Plc´s interim report 1 February - 30 April 202519.6.2025 13:00:01 EEST | HLRE Holding Oyj | Interim report (Q1 and Q3)

HLRE Holding Group Report 1 February – 30 April 2025 Comparison figures in brackets refer to the corresponding period previous year. February – April 2025 in brief Q1 revenue increased by 6 % to EUR 21.7 EUR million (EUR 20.5 million). Q1 gross profit increased to EUR 8.9 million (EUR 8.7 million). Q1 adjusted EBITDA was EUR -0.1 million (EUR 0.3 million). Q1 net cash from operating activities was EUR 0.5 million (EUR -3.1 million). Key Figures HLRE HOLDING GROUP EUR Million Feb – April 25 Q1 Feb – April 24 Q1 Feb 24 – Jan 25 Q1-Q4 Revenue 21.7 20.5 102.9 Gross profit 8.9 8.7 39.7 Gross margin,% 40.7 % 42.3 % 38.6% Adjusted EBITDA* -0.1 0.3 1.8 EBIT -1.8 -1.5 -5.1 Net cash from operating activities 0.5 -3.1 0.1 *Adjusted EBITDA for the period of Q1 February 24 - April 24 has been revised to EUR 0.3 million (previously reported EUR 0.6 million) and Q1-Q4 February 24 – January 25 has been revised to EUR 1,8 million (previously reported EUR 2,2 million). The Group received one-off compens

HLRE Holding Plc´s annual report for the period 1 February 2024 - 31 January 2025 has been published6.6.2025 12:00:01 EEST | HLRE Holding Oyj | Financial Statement Release

HLRE Holding Plc´s annual report for the period 1 February 2024 - 31 January 2025 has today been published in English in PDF format on the company’s website; https://www.vesivek.fi/investors/annual-financial-reports/ We have refined the description of the risks related to the continuity of operations in the Financial Statements published today, compared to the Financial Statement Release published earlier on March 24, 2025. Below is the full description of the risks related to the continuity of operations included in the company's Annual Report. -------------------------- BUSINESS CONTINUITY The financial statements for the period of 2/1/2024 - 1/31/2025 have been prepared based on the going concern principle, assuming that the Company will be able to liquidate its assets and settle its liabilities as part of normal business operations in the foreseeable future. The consolidated loss for the financial year ended 1/31/2025 was EUR -8.4 million. The consolidated result for the previous f

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Changes in the Executive Management of Vesivek Oy and Vesivek Salaojat Oy23.5.2025 09:21:05 EEST | HLRE Holding Oyj | Changes board/management/auditors

Antti Asteljoki, the Chief Operative Officer of Vesivek Oy and Vesivek Salaojat Oy has been appointed as the Chief Executive Officer of Vesivek Oy and Vesivek Salaojat Oy as of date 26th May 2025. Kimmo Riihimäki will continue as the Chief Executive Officer of HLRE Holding -group. For more information Chairman Of The Board Of Directors Mr. Pentti Tuunala pentti.tuunala@sentica.fi +358 400 606 078

HLRE Holding Plc: bulletin for Q4 and full year 1 February 2024 – 31 January 202524.3.2025 10:30:00 EET | HLRE Holding Oyj | Quarterly report

Comparison figures in brackets refer to the corresponding period previous year. Brief Look at November 2024 – January 2025 Q4 revenue increased by 16% to EUR 23,6 EUR million (EUR 20,3 Million). Q4 gross profit increased to EUR 8,1 million (EUR 7,4 Million). Q4 adjusted EBITDA was EUR -2,8 million (EUR -3,2 million). Q4 net cash from operating activities was EUR -1,5 million (EUR -6,2 Million). Brief Look at February 2024 – January 2025 Q1-Q4 revenue decreased by 5% to EUR 102,9 EUR million (EUR 108,2 Million). Q1-Q4 gross profit decreased to EUR 39,7 million (EUR 42,6 Million). Q1-Q4 adjusted EBITDA decreased to EUR 2,2 million (EUR 3,8 Million). Q1-Q4 net cash from operating activities was EUR 0,1 million (EUR 4,3 Million). HLRE HOLDING GROUP EUR Million Nov 24-Jan 25 Q4 Nov 23-Jan 24 Q4 Feb 24-Jan 25 Q1-Q4 Feb 23-Jan 24 Q1-Q4 Revenue 23,6 20,3 102,9 108,2 Gross profit 8,1 7,4 39,7 42,6 Gross margin,% 34,3 % 36,5 % 38,6 % 39,4 % Adjusted EBITDA -2,8 -3,2 2,2 3,8 EBIT -4,5 -10,9 -5,1

Changes in the Executive Management Team of HLRE Holding Ltd.6.3.2025 15:30:00 EET | HLRE Holding Oyj | Changes board/management/auditors

The Chief Financial Officer, Jari Raudanpää, will leave the Company. Raudanpää will continue in his current role until April 24, 2025. The recruitment process for a new Chief Financial Officer has been initiated immediately. For more information Chairman Of The Board Of Directors Mr. Pentti Tuunala pentti.tuunala@sentica.fi +358 400 606 078