Maytronics (MTRN) investor relations material

Executive summary

• 2025 was marked by operational complexity, intense competition, and cost pressures, resulting in a challenging year with a focus on foundational changes, new leadership, and restoring operational discipline and scalability.

• New CEO and CFO were appointed in the second half of 2025 to drive transformation and operational improvements.

• Immediate actions were taken to define a disciplined path for long-term value creation, with a strategic focus on cost reduction, inventory optimization, and product innovation.

• 2025 results reflect updated managerial and accounting assessments, with a shift toward disciplined execution.

• Business performance in 2025 was below expectations and company potential, impacted by internal and external challenges.

Financial highlights

• Revenue for 2025 was ₪1,405.6M, down 13.6% year-over-year; Q4 revenue dropped 15.4% to ₪205M.

• Net loss for 2025 was ₪222.4M, including significant provisions and accounting adjustments.

• Operating loss was ₪132.8M; excluding one-time items, operating loss was ₪16.9M.

• Gross profit declined 35.9% to ₪374M; gross margin fell to 26.7% from 36%.

• Positive operating cash flow of ₪293.3M, up from ₪129M last year, driven by inventory reduction.

Outlook and guidance

• Q1 2026 revenues expected between ₪290–310M, midpoint down 13% year-over-year, mainly due to FX rates.

• 2026 will focus on execution, cost control, and laying the foundation for future growth, not bold targets.

• Continued emphasis on generating positive operating cash flow and disciplined working capital management.

• Uncertainty remains due to macroeconomic, geopolitical, and regulatory factors, especially in the US and Israel.

• Management transition: new CEO appointed in February 2026.