Rovsing (ROV) Q1 25/26 earnings summary

Executive summary

• Q1 2025/26 revenue and EBITDA were below expectations due to increased project efforts and temporary delays in a service-based project.

• Order backlog remains strong at DKK 34.8 million, with diversified customers and missions.

• Tender activity increased, with bids submitted for major European space programs and new contract activities anticipated in H2 2025/26.

• Management continues to pursue a growth strategy, including potential acquisitions.

Financial highlights

• Q1 revenue was DKK 7.3 million, down from DKK 9.5 million year-over-year.

• EBITDA for Q1 was DKK -0.6 million, compared to DKK 0.8 million in Q1 2024/25.

• Order intake for the quarter totaled DKK 3.3 million.

Outlook and guidance

• Full-year 2025/26 revenue guidance maintained at DKK 37-41 million.

• Positive EBITDA expected for the year, in the range of DKK 1-3 million.