Rovsing (ROV) Q1 25/26 earnings summary

Executive summary

• Q1 2025/26 revenue was DKK 7.3m, down from DKK 9.5m in Q1 2024/25, due to increased project efforts and temporary delays in a service-based project.

• EBITDA for Q1 2025/26 was DKK -0.6m, compared to DKK 0.8m in the same period last year.

• Order backlog stood at DKK 34.8m as of September 2025, 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

• Revenue for Q1 2025/26: DKK 7.3m (Q1 2024/25: DKK 9.5m).

• EBITDA for Q1 2025/26: DKK -0.6m (Q1 2024/25: DKK 0.8m).

• Order backlog as of September 2025: DKK 34.8m.

• Order intake for the quarter totaled DKK 3.3m.

Outlook and guidance

• Revenue guidance for FY 2025/26 is DKK 37-41m.

• Positive EBITDA expected in the range of DKK 1-3m for FY 2025/26.

• Decisions on several tenders anticipated during the year, with new contract activities expected in H2.