Open Infra US Assets AB (publ) hereby publishes the interim financial report for Q1, 2026

Please see below for an overview and attachment for the full report.

Financial Development January – March

-          Network EBITDA run-rate (annualized) decreased to USD 6.5m (6.6) in Q1, a decrease of 2%.

-          Net debt har increased to USD 49.7m (49.0m) compared to the previous quarter.

-          ARPU was lower at USD 70 (71) quarter-on-quarter.

-          Active HCs* increased to 9,569 (9,557) compared to the previous quarter, should not be less than 9,500 according to amended financial covenants in October 2025.

-          Net Debt / EBITDA increased to 7.65x, compared to the incurrence level of 5.50x and the amended maintenance covenant of 8.25x.

-          Interest Coverage Ratio was 1.18x, compared to the incurrence level of 1.75x and the amended maintenance covenant of 1.10x.

This information is information that Open Infra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 14.00 CET on May 20th, 2026.

For further information, please contact:

Erik Stiernstedt, CEO

+ 46 (0)70-550 30 73, erik@openinfra.com