Initial Public Offering

Why to invest in Auroora?

Auroora believes that the following factors are among its key strengths and represent competitive advantages:

• proven growth track record as a compounder

• strong cash flow

• structurally attractive business segments

• decentralized operating model and active ownership

• experienced management team and professional group company Boards of Directors

• disciplined capital allocation and strong financial foundation; and

• sustainability and long-term ownership as core principles.

Reasons for the offering

• To enable Auroora to implement its strategy and accelerate growth with new equity

• To enable the company to obtain access to capital markets, expand its ownership base and increase the liquidity of the shares

• The listing and increased liquidity would also make it possible to use the shares more effectively as consideration in potential future acquisitions

• Additional recognition is also expected to improve Auroora’s visibility and profile for M&A transactions and further increase Auroora’s recognition among the public and customers and as an employer.

Cornerstone investors

Auroora has received the following subscription undertakings from cornerstone investors:

• Aktia Fund Management Company Ltd EUR 4.6 million;

• Elo Mutual Pension Insurance Company EUR 4.0 million;

• Varma Mutual Pension Insurance Company approximately EUR 3.4 million;

• OP Fund Management Company Ltd EUR 1.5 million;

• Sp-Fund Management Company Ltd EUR 6.0 million; and

• certain funds managed by UB Fund Management Company Ltd and certain assets managed by UB Asset Management Ltd EUR 2.5 million.

Important dates

Company Event

Auroora will organize a company event on Wednesday March 25, 2026, at 6:00 pm EET (the company event will be held in Finnish).

Places of subscription in the public offering

Nordea book-entry or equity savings account customers

• Nordea Mobile or Nordea Netbank for private individuals with Nordea bank identifiers at netbank.nordea.fi by navigating to Savings and Investments, Equities and IPOs;

• Nordea Customer Service for private individuals with Nordea bank identifiers, Monday to Friday 8:00 a.m. to 8:00 p.m. (Finnish time), tel. +358 200 3000 (service in Finnish, local network charge/mobile call charge), Monday to Friday 8:00 a.m. to 6:00 p.m. (Finnish time) tel. +358 200 5000 (service in Swedish, local network charge/mobile call charge) or Monday to Friday 8:00 a.m. to 6:00 p.m. (Finnish time), tel. +358 200 70 000 (service in English, local network charge/mobile call charge);

• Nordea Business Centre for Nordea corporate customers with Nordea bank identifiers, Monday to Friday 8:00 a.m. to 8:00 p.m. (Finnish time), tel. +358 200 2121 (service in Finnish, local network charge/mobile call charge), Monday to Friday 9:00 a.m. to 4:30 p.m. (Finnish time), tel. +358 200 2525 (service in Swedish, local network charge/mobile call charge) or Monday to Friday 9:00 a.m. to 4:30 p.m. (Finnish time), tel. +358 200 26262 (service in English, local network charge/mobile call charge). Corporate customers must have a valid LEI code;

• Nordea’s branches in Finland (except branches with cash services only) during their respective opening hours; and

• Nordea Private Banking units in Finland (only for Nordea Private Banking customers).

Nordnet and other banks’ book-entry or equity savings account customers

• Nordnet’s online service at https://www.nordnet.fi/auroora. The subscription can be made through online service with the bank identifiers of Nordnet, Aktia, Danske Bank, Nordea, Oma Säästöpankki, Osuuspankki, POP Bank, S-Bank, Säästöpankki or Ålandsbanken. The Commitment can also be made on behalf of a corporation through Nordnet’s online service.

• In addition, when separately agreed, the subscription commitment in the public offering can be made at Nordnet Bank AB, Finnish Branch’s office at Alvar Aallon katu 5 C, FI 00100 Helsinki, Finland, on weekdays from 1:00 to 5:00 p.m. (Finnish time).

• Estates of a deceased person or persons under guardianship, who are not Nordnet’s own customers, cannot submit the subscription commitment through Nordnet’s online service, but instead they have to submit the commitment at the above mentioned office of Nordnet.

Joint bookrunners

DNB Carnegie Investment Bank AB, Finland Branch has been appointed to act as sole global coordinator and joint bookrunner for the offering and Nordea Bank Abp has been appointed to act as joint bookrunner for the offering.

Materials

Trade Register extract
Articles of Association (that will enter into force when the Board of Directors of the company resolves to complete the offering and the listing)
IFRS consolidated financial statements and auditor's report 1.1.–31.12.2023 and 1.1.–31.12.2024 (in Finnish)
Consolidated Financial Statements 2024
Consolidated Financial Statements 2025
Auditor's Report 2024
Auditor's Report 2025

Auroora's ITF webcast on March 16, 2026

Releases

Investing involves risks. The information presented on this page is not a complete description of the offering. The investment decision must be made on the basis of the information presented in the Offering Circular, including risk factors.