Markbass (MARK) investor relations material

Executive summary

• Value of production rose 10.6% year-over-year to €6.3 million, driven by inventory build-up and internal work on fixed assets.

• Sales revenues declined 2.3% year-over-year to €5.3 million, impacted by delivery delays and seasonality.

• EBITDA decreased 8.2% to €623 thousand, with margin dropping to 9.8% from 11.8% year-over-year.

• Net income was €2 thousand, down from €37 thousand in H1 2025.

• Net financial position improved to a cash positive €1.8 million from €1.2 million at year-end 2025.

Financial highlights

• EBIT fell 38.5% year-over-year to €171 thousand, with margin at 2.7%.

• EBT dropped 59.7% to €52 thousand.

• Shareholders’ equity increased 11.4% to €8.95 million, mainly due to a capital increase from warrant exercises.

• Net working capital rose 10.3% to €4.3 million, reflecting higher inventories and receivables.

Outlook and guidance

• Focus for H2 2026 is on executing the development plan, launching new products, and expanding into audio and musical instruments markets.

• Continued investment in new product lines, especially Markbass Audio, and commercial initiatives to consolidate the customer base.