Impact Coatings (IMPC) investor relations material

Executive summary

• Strong order intake of SEK 39 million in Q2 2026, including two major system orders in key segments and increased Coating Services volumes, especially in energy.

• Eleven new paying customers added in the quarter, including three in solid oxide applications and five in PEM electrolyzers.

• Strategic focus on energy, electronics, and luxury goods segments, with automotive segment remaining subdued.

• Technology platform enables serving diverse industries with the same core machines, providing a competitive advantage.

Financial highlights

• Net sales for Q2 2026 reached SEK 9.7 million, mainly from Coating Services, more than doubling year-over-year.

• Order backlog for coating systems at SEK 29.4 million and for Coating Services at SEK 1.7 million.

• Gross margin improved to 62% from 48% year-over-year in Q2; EBITDA for H1 improved to -SEK 19.5 million from -SEK 26.3 million.

• Operating loss for Q2 was -SEK 13.0 million, improved from -SEK 15.8 million; closing cash balance at SEK 15.2 million.

• Cash flow from operations for H1 was -SEK 16.7 million, with total negative cash flow of -SEK 22.3 million for H1.

Outlook and guidance

• Focus remains on sales, customer development, cost control, cash flow, and margin improvement to achieve long-term profitability.

• Solid oxide fuel cell (SOFC) strategy is yielding results, with new customers and a broader base for future growth.

• Liquidity is manageable in the near term, with ongoing efforts to secure an industrial investor.

• Management believes the company is in a stronger position than a year ago, with a broader customer base and clearer offering.