Roblon (RBLN) investor relations material

Executive summary

• Revenue for Q1–Q3 2024/25 reached DKK 182.3m, up from DKK 177.4m year-over-year, driven by growth in the Composite product group, while FOC declined.

• EBITDA before special items rose to DKK 43.7m (from DKK 25.8m), and EBIT before special items increased to DKK 33.3m (from DKK 13.7m), both at the upper end of guidance.

• Profit from continuing operations before tax was DKK 28.7m (DKK 12.9m), but a DKK 33.1m loss from discontinued US operations led to a total loss after tax of DKK 29.3m.

• The divestment of the US subsidiary was completed, reducing equity and solvency ratio.

Financial highlights

• Gross profit for Q1–Q3 2024/25 was DKK 114.6m (DKK 105.1m), with a gross margin of 62.9% (59.3%).

• Cash flow from operating activities was DKK 5.0m (DKK 34.2m), impacted by the US divestment and increased working capital.

• Net cash deposits at 31 July 2025 were DKK 13.8m (DKK 3.8m); total cash resources were DKK 97.8m (DKK 81.7m).

• Equity at 31 July 2025 was DKK 176.6m (DKK 195.2m), with an equity ratio of 71.6% (69.9%).

• EPS from continuing operations was DKK 12.5 (DKK 5.5); total EPS including discontinued operations was negative.

Outlook and guidance

• Full-year revenue guidance narrowed to DKK 230–250m (previously DKK 220–250m).

• EBITDA before special items guided at DKK 45–50m (previously DKK 40–50m); EBIT before special items at DKK 31–36m (previously DKK 26–36m).

• Q4 revenue and earnings expected to be lower than Q4 2023/24 due to a reduced order book.