FlexQube (FLEXQ) investor relations material

Executive summary

• Entered a significant commercial phase, shifting focus from product development to scaling commercial installations and expanding the Navigator platform among new and existing customers.

• Order intake in Q2 2026 was the second highest ever, driven by large orders from a major US e-commerce customer and strong demand in the automotive sector.

• Rapid organizational growth to support expansion, with installation and service teams increasing significantly year-over-year.

Financial highlights

• Q2 2026 order intake rose 389.6% year-over-year to 135.4 MSEK; net sales increased 145.5% to 54.6 MSEK.

• EBITDA for Q2 was -9.8 MSEK (vs. -8.5 MSEK last year); EBIT was -11.6 MSEK (vs. -10.7 MSEK).

• Earnings per share for Q2 was -0.7 SEK (vs. -0.8 SEK).

• Cash and cash equivalents at period end were 39.4 MSEK, up from 19.3 MSEK last year.

• Cash flow for Q2 was -5.6 MSEK, with -2.2 MSEK from operating activities.

Outlook and guidance

• Q3 2026 expected to be the most intensive quarter ever, with full production capacity and significant sales growth anticipated.

• July sales alone reached approximately 54 MSEK, indicating strong momentum.

• Margins expected to improve as delivery volumes increase and non-recurring ramp-up costs decrease.

• Cash flow to remain under pressure in Q3 and early Q4 due to working capital tied up in large projects, but expected to reverse as customer payments are received.