Elmera Group recorded an adjusted net revenue of NOK 527m in the first quarter
of 2026, compared to NOK 502m in the first quarter of 2025. Adjusted EBIT
increased to NOK 201m, from NOK 174m in Q1 2025. The increase was supported by
higher volumes and elspot prices compared to Q1 2025. 

The strong customer growth in the Consumer segment continued, with an organic
growth of 6 thousand deliveries in the quarter and 20 thousand deliveries over
the last twelve months.

- I am pleased to see continued strong customer growth in Consumer. It reflects
both solid handling of the Norgespris introduction and strong commercial
execution across the organisation. I am also very impressed by the Business
segment, reporting record-high financials in the quarter, says CEO Rolf Barmen.

On 31 March 2026, the Group successfully acquired the Swedish electricity
retailer Telinet Energi AB.

- The acquisition of Telinet Energi strengthens our Nordic footprint and adds an
attractive Swedish B2C portfolio to the Group. We see this as a good strategic
fit with our existing operations outside Norway, says Barmen.

The group has increased its targeted adjusted operating profit (EBIT adj.) for
2026 to NOK 575m, including the Telinet acquisition.

Please find attached the quarterly report and quarterly presentation.

Results Presentation: 13 May 2026 at 08.00 CEST 
The presentation will be webcasted live at:
https://qcnl.tv/p/724EH4Wu3J6Zp8qRcVfUmQ

For further information, please contact:
Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526
counting\, Reporting and IR\, +47 970 62 526\