DUG Foodtech (DUG) investor relations material

Executive summary

• Net sales for Q3 2025 reached 499 TSEK, up 85% year-over-year, driven by an expanded customer base and public sector breakthroughs.

• For the first nine months, net sales totaled 3,178 TSEK, a 334% increase compared to the same period last year.

• Strategic agreements with Martin & Servera and Menigo enable access to Sweden's public food sector, and a new partnership was established with a German bakery and café chain.

• DUG Cooking Cream received positive reviews in school kitchens and is planned for launch in Q1 2026.

• Potatoes-based gelato showcased commercial potential at HOST Milano.

Financial highlights

• Q3 EBITDA was -5,133 TSEK (vs. -3,613 TSEK last year), and EBIT was -5,158 TSEK (vs. -3,632 TSEK), reflecting increased marketing costs, especially in Germany.

• Net loss after tax for Q3 was -6,466 TSEK (vs. -4,452 TSEK), and for the nine months, -18,421 TSEK (vs. -12,917 TSEK).

• Gross margin improved to 32% in Q3 (negative last year), and 30% for the nine months (7% last year).

• Cash flow from operations in Q3 was -4,202 TSEK, and cash and equivalents at period end were 808 TSEK.

• Equity at period end was 50,431 TSEK, with an equity ratio of 88%.

Outlook and guidance

• The company targets 100 MSEK in rolling 12-month sales and a positive EBIT margin of 15-20% within 12–18 months.

• Anticipates continued growth in public sector and foodservice, with the DUG Cooking Cream launch expected to drive further sales.