Piippo (PIIPPO) AGM 2026 presentation summary

Review of the 2025 financial year

• Revenue decreased to €10.95 million due to the decision to end core operations and lower product prices, while consumer sales improved.

• Operating loss narrowed to €1.23 million, aided by lower costs and asset sales, including machinery and trademarks.

• Inventory write-downs related to the closure of core operations negatively impacted results by €508,000.

• Two rounds of change negotiations were held, and a major asset sale to Cotesi S.A. was completed.

• An agreement was signed to sell the entire share capital of subsidiary Manilla Oy to Inka Oy.

Key events and ongoing activities

• New website launched and company email addresses updated in October 2025.

• Finalized the sale of Manilla Oy and completed the second phase of the Cotesi S.A. transaction.

• Nasdaq Helsinki approved the delisting of shares, with trading ending on June 29, 2026.

• All operational business activities ceased by December 31, 2025.

Financial position and capital structure

• Equity ratio improved to 34%, and working capital decreased to €927,000.

• No long-term debt remains, and external financing is no longer required.

• Financial covenants were breached, but all financing obligations ended by year-end 2025.