Can you preserve links when exporting from a list to Excel?

Hi!

I have a list with a multiline text field set to support enchanced richtext used to store URLs of files.  I am inserting data into this list when people submit a Jotform using Power Automate to connect the two.  In Power Automate, I build the field value by looping the uploaded files and building out HTML:

<a href="https://www.server.com/path/file.png">file.png</a><br>
<a href="https://www.server.com/path/file.pdf">file.pdf</a><br>

Problem is, if I go to the list and do Export to Excel, the query.iqy file I get just shows file.png and file.pdf as basic, nonlinked text in the column. Is there any way to get Sharepoint to create an Excel file where the links are preserved?