Garpco (GARPCO) investor relations material

Executive summary

• Net sales for Q2 2026 increased by 6.0% year-over-year to 193,046 tkr, with adjusted growth of 3.9%.

• EBITDA rose 86.3% to 17,909 tkr, driven by strong demand in Polymeric Materials and positive restructuring effects in Interior and Design.

• EBITA margin improved to 7.0% from 2.7% in Q2 2025.

• Net income for Q2 was 6,829 tkr, up from 1,151 tkr year-over-year.

• Strategic focus remains on profitable segments and operational efficiency amid challenging market conditions.

Financial highlights

• H1 2026 net sales reached 370,991 tkr, up 5.2% year-over-year; adjusted for acquisitions, growth was 2.5%.

• H1 EBITDA increased 132.2% to 33,845 tkr.

• Net debt at period end was 66,835 tkr, up from 64,952 tkr a year earlier.

• Cash and equivalents at period end were 21,608 tkr; available liquidity including unused credit was 50,291 tkr.

• Investments in tangible assets totaled 9,765 tkr in H1 2026.

Outlook and guidance

• Focus for the remainder of 2026 is on strengthening margins, efficiency, and prioritizing high-value segments.

• Polymeric Materials expected to see continued growth in defense, offshore, energy, and mining.

• Industrial Tools to maintain market share despite weak sawmill sector; efficiency and competitiveness are key.

• Interior and Design to continue streamlining for profitability and focus on niche offerings.

• Financial discipline and focus on cash flow remain priorities due to ongoing market uncertainty.