Slide 1: Financial Presentation Q2 2026
Financial Presentation Q2 2026 July 13, 2026
Slide 2: Strong momentum and progress in large account strategy
Strong momentum and progress in large account strategy in a market growing significantly faster than previously expected REVENUE 2026 Change Q2 28.9 MUSD +54.6% Preparing the company for the next era of growth while delivering a record high quarter 6M 51.8 MUSD +56.8% GROSS MARGIN 2026 2025 Strong g
Slide 3: All-time high revenue in the Americas and EMEA. APAC still project dependent
All-time high revenue in the Americas and EMEA. APAC still project dependent Revenue per region and quarter – Last 5 quarters MUSD Americas EMEA APAC +36% 16.7 13.9 13.3 12.3 +112% 10.8 10.5 8.6 7.8 6.1 4.9 +21% 2.0 1.7 1.4 1.3 1.2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2025 2026 2025 2026 202
Slide 4: Strong growth in all business areas, with Solutions, Software & Services leading
Strong growth in all business areas, with Solutions, Software & Services leading the way Revenue per business area and quarter – Last 5 quarters MUSD Solutions Software & Services Devices +65% 19.2 14.2 13.6 11.6 +35% 10.9 6.4 +41% 5.4 5.3 5.5 4.1 4.1 3.2 3.4 2.9 2.7 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2
Slide 5: Summary of Q2 financial performance
Summary of Q2 financial performance • jj Revenue EBITDA & EBIT Operating cash flow MUSD MUSD MUSD +54.6% EBITDA EBIT 28.9 23.2 22.9 4.5 19.0 3.6 3.6 6.8 18.7 2.6 2.8 2.7 2.4 1.8 1.8 2.2 1.6 0.9 -0.5 -0.4 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Gross margin and EBITDA margin Comments % 48.6 % 49
Slide 6: Strong financial position
Strong financial position Balance sheet Jun 30, 2026 Working capital development past 5 quarters MUSD MUSD 66.6 66.6 30 18.4 20 15.7 16.8 14.5 14.6 25 15 15.1 20 10 27.9 15 5 17.9 26.4 17.3 15.4 15.9 15.4 15.6 10 19.8 20.0 19.0 14.1 13.0 19.1 21.3 14.0 0 16.8 11.5 18.7 18.7 18.4 5 -5 5.3 0 -10 Q2 Q3
Slide 7: Financial aspirations
smartoptics Financial aspirations
Slide 8: Targeted and disciplined product investments lead to more than a doubling of the TAM
Targeted and disciplined product investments lead to more than a doubling of the TAM Smartoptics addressable market* Core investment areas Growing to USD 14bn by 2029 1 2 3 AI-ready optical Longer reach and Agentic AI, USD 11.5bn networks, higher capacity Software & Automation Metro + Long-haul inte
Slide 9: Top-three vendor in our target markets NA & EMEA, with clear financial aspirations
Top-three vendor in our target markets NA & EMEA, with clear financial aspirations supporting long-term value creation STRONG TRACK RECORD, MOMENTUM AND ATTRACTIVE MARKET GROWTH THREE-PHASE ROADMAP Leveraging structural tailwinds from bandwidth growth, accelerated by investments in AI training Inves
Slide 10: Profit and Loss Statement
Profit and Loss Statement Profit and Loss Statement Q2 2026 2026 2025 2026 2025 Amounts in USD 1 000 Q2 Q2 YTD YTD Total revenue and other operating income 28 862 18 672 51 775 33 027 Direct cost of sales -15 566 -9 592 -27 445 -17 161 Employee benefit expenses -6 661 -5 164 -13 336 -9 681 Other ope
Slide 11: Balance Sheet
Balance Sheet Balance Sheet Jun 30, 2026 2026 2025 2026 2025 Amounts in USD 1 000 Amounts in USD 1 000 Q2 Q2 Q2 Q2 Capitalized development cost 2 475 2 004 Share capital 198 194 Other Intangible assets 574 691 Share premium 15 006 14 752 Property, plant and equipment 3 982 3 521 Other paid in capita
Slide 12: Cash Flow Statement
Cash Flow Statement Cash Flow Statement Q2 2026 2026 2025 2026 2025 Amounts in USD 1 000 Q2 Q2 YTD YTD Cash flows from operating activities Profit/(loss) before income tax 3 619 625 4 108 749 Adjustments for Taxes paid -100 -302 -918 -977 Depreciation and amortization 853 736 1 720 1 353 Net interes
Slide 13: Thank you
smartoptics Thank you