HAKI Safety (HAKI) investor relations material

Executive summary

• Net sales rose 9% year-over-year to SEK 286 M, with organic growth also at 9%.

• Adjusted EBITA increased to SEK 10 M from SEK 6 M, and operating profit reached SEK 5 M versus SEK 0 M last year.

• Net result after tax improved to SEK 4 M from a loss of SEK -13 M.

• Cash flow from operating activities was SEK 23 M, a significant turnaround from SEK -36 M.

• The acquisition of Newbow Aerospace was finalized, strengthening the aviation safety portfolio.

Financial highlights

• Gross margin improved to 37.4% from 35.4% year-over-year.

• Adjusted EBITA margin rose to 3.5% from 2.3% year-over-year.

• Earnings per share before and after dilution were SEK 0.13, up from SEK -0.48.

• Financial net debt stood at SEK 358 M, with a net debt/adjusted EBITDA ratio of 2.6.

• Equity/assets ratio increased to 47% from 40% year-over-year.

Outlook and guidance

• Management remains positive about future growth, despite short-term market uncertainty due to geopolitical factors.

• The company targets SEK 2,000 M in net sales by 2027 and an adjusted EBITA margin above 10%.

• Dividend policy aims for 25-50% of annual net profit.