Vimab Group (VIMAB) investor relations material

Executive summary

• Net sales for Q2 2026 increased by 15.5% year-over-year to 90.9 MSEK, driven by strong growth in VIM Energy Systems despite a project delay shifting 12.7 MSEK in revenue to Q3.

• Operating profit for Q2 was 2.7 MSEK, up from -0.3 MSEK last year; excluding a 5.1 MSEK gain from the Steambox divestment, operating profit was -2.4 MSEK.

• Net result for Q2 was -3.2 MSEK, an improvement from -11.2 MSEK year-over-year.

• Cash flow from operations in Q2 was 18.4 MSEK, a significant improvement from -0.1 MSEK last year.

Financial highlights

• H1 2026 net sales rose 18.3% year-over-year to 158.3 MSEK, mainly due to VIM Energy Systems.

• H1 operating profit was -15.7 MSEK, improved from -25.4 MSEK last year; excluding the Steambox gain, operating profit was -20.8 MSEK.

• H1 net result was -25.0 MSEK, up from -42.1 MSEK year-over-year.

• Gross margin for Q2 was 72.8% (down from 85.1%); H1 gross margin was 64.4% (down from 77.4%).

• Soliditet (equity ratio) improved to 2.2% from -1.8% year-over-year.

Outlook and guidance

• VIM Energy Systems expects continued strong growth, supported by a robust order backlog and recent contract wins totaling 210 MSEK for battery parks, with most revenue and profit recognized in early 2027.

• The company anticipates further growth in renewable energy and battery storage markets.