Drillcon (DRIL) investor relations material

Executive summary

• Net sales for Q1 2026 were 98 MSEK, down 4% year-over-year, with EBIT at 2.6 MSEK and net profit of 1.5 MSEK, despite a temporary production halt in Garpenberg mine.

• EBITDA improved to 10.0 MSEK from 8.2 MSEK year-over-year, and cash flow from operations rose to 12.6 MSEK from 9.2 MSEK.

• A four-year framework agreement for exploration drilling worth approximately 400 MSEK was signed, strengthening the long-term revenue base.

• The new Central Europe segment was established, with the first contract in Belgium valued at 12 MSEK.

Financial highlights

• Net sales: 98 MSEK (102 MSEK Q1 2025), EBITDA: 10.0 MSEK (8.2), EBIT: 2.6 MSEK (0.4), Net profit: 1.5 MSEK (-1.7).

• EBIT margin: 2.6% (0.4%), EBITDA margin: 10.2% (8.0%).

• Cash flow from operations: 12.6 MSEK (9.2), liquidity at period end: 37.1 MSEK.

• Earnings per share: 0.03 SEK (-0.04 SEK Q1 2025).

Outlook and guidance

• High demand for metals and minerals supports a strong investment climate and potential for increased production volumes.

• Production in Garpenberg is recovering, with 7–8 of 9 rigs expected in full operation by June, but Q2 results will be impacted by the earlier stoppage.

• Ongoing efficiency measures are expected to further improve profitability.