Transferator (TRAN) investor relations material

Executive summary

• Revenue for January–June 2026 increased to 45.8 MSEK from 27.9 MSEK year-over-year, reflecting higher operational activity.

• EBITDA for the half-year rose to 5.5 MSEK from 2.5 MSEK, and result after depreciation improved to 4.4 MSEK from 0.9 MSEK.

• Net result for the half-year was -3.4 MSEK, impacted by negative financial items mainly due to value changes in listed holdings.

• The company divested most of its holding in Hedera Group AB, citing lack of strategic relevance.

Financial highlights

• Q2 revenue was 25.8 MSEK, up from 15.5 MSEK in Q2 2025.

• Q2 EBITDA reached 3.3 MSEK, compared to 1.2 MSEK in the prior year.

• Net result for Q2 was 0.3 MSEK, down from 0.5 MSEK in Q2 2025.

• Cash and cash equivalents at period end were 1.9 MSEK, compared to 2.5 MSEK a year earlier.

Outlook and guidance

• Underlying demand in operational business remains strong, with increased activity expected as lower interest rates stimulate investment.

• Growing demand is noted in backup and reserve power sectors, especially in critical infrastructure and industry.

• Geopolitical uncertainty, particularly in the Middle East, could impact energy prices, inflation, and investment climate.