Slide 1: Q4 2025 Earnings call presentation
Q4 2025 Earnings call presentation February 5, 2026
Slide 2: Q4 2025 financial highlights – Delivering to plan
Q4 2025 Presentation Q4 2025 financial highlights – Delivering to plan • Sales of SEK 1.8bn, +10% organic growth. Sales, SEKm • Adjusted EBITA SEK 133m, 7.2% adj. EBITA margin. 1,848 • Strategic shift continues: Data Center and Harsh Environment now over 50% of group profit. − Fiber Solutions: Organ
Slide 3: Q4 2025 Events
Q4 2025 Presentation Q4 2025 Events • Expanding performance improvement program to include down -sizing factory in Clinton, South Carolina. • Acquisition of Communication Zone. • Major submarine cable shipment. Post Q4 2025 Events • Changes to Management Team and Fiber Solutions organization.
Slide 4: Diversification continues, with Data Center and Harsh Environment accounting for 60% of adjusted EBITA
Q4 2025 Presentation Diversification continues, with Data Center and Harsh Environment accounting for 60% of adjusted EBITA Fiber solutions Engineered Essential services for connected solutions for and solutions for societies challenging data centers conditions 63 % of Group sales 17% of Group sales
Slide 5: Fiber Solutions
Q4 2025 Presentation Business Area Fiber Solutions Sales , SEKm * -1% • Continuation of demand softness in the FTTH market, primarily for microduct . 1457 1430 -10% 1255 1299 1234 1230 1236 1169 • Net Sales -10% of which -1% was organic. • Performance improvement program expanded with downsizing of
Slide 6: Harsh Environment
Q4 2025 Presentation Business Area Harsh Environment * +15% Sales , SEK m +5% • Sales grew 5%, reaching SEK 310m in Q4, with 331 organic growth of 15%. 319 291 296 314 310 273 286 • EBITA margin at 11.4%, in line with expectation and 340 bps higher than prior year, • Strong performance in Dynamic Ca
Slide 7: Data Center
Q4 2025 Presentation Business Area Data Center * +62% Sales , SEKm +59% • Q4 was another record quarter. 362 369 344 334 • Sales grew 59% to SEK 369m driven by a strong development in our service offering in 256 250 233 233 North America and Europe. • Organic growth of 62% in Q4. • EBITA margin incr
Slide 8: Communication Zone - Transaction highlights
Q4 2025 Presentation Communication Zone - Transaction highlights • Enterprise value of $20.4m, potential earnout of up to $3.5m . Key terms • EV/EBITDA multiple of 5.1 -6.0x. • Tax benefit with estimated NPV of $2.9m taking down multiple to 4.4 -5.3x. • Extend geographical reach to the Midwest regio
Slide 9: Communication Zone in line with Hexatronic's strategy
Q4 2025 Presentation Communication Zone in -line with Hexatronic’s strategy ✓ Communication Zone acquisition in line with strategy with the right ✓ ✓ application focus and customer segments ✓ ✓ ✓ Strategically located in the growing Midwest ✓ ✓ Data Center market ✓
Slide 10: Financial Summary
Q4 2025 Presentation Financial Summary
Slide 11: Hexatronic Group Financial summary Q4 2025
Q4 2025 Presentation Financial summary Q4 2025 Hexatronic Group 2025 2024 2025 2024 Net sales increase of 1% compared to last year SEK m Q4 Q4 ∆% Full-year Full-year ∆% • Organic sales increase of 10% Net Sales 1 848 1 824 1% 7 519 7 581 -1% Adjusted Gross margin % 37,5% 41,4% 39,2% 41,8% • Acquisit
Slide 12: Expanding performance improvement program
Q4 2025 Presentation Expanding performance improvement program Initial Status Expansion of SEKm program program Total program: Yearly savings 110 110 10 Full run -rate impact by end of Q1 2026. One -time costs 230 230 67 Target yearly positive EBITA effect SEK 120m. of which cash 125 125 9 Cash payb
Slide 13: Fiber Solutions
Q4 2025 Presentation Business Area Fiber Solutions Sales by geography in Q4 2025 2025 2024 2025 2024 SEKm Q4 Q4 ∆% Full -year Full -year ∆% Net sales 1,169 1,299 -10% 4,870 5,441 -11% North America, 30% Adjusted EBITA 61 135 -55% 310 587 -47% Adjusted EBITA % 5.2% 10.4% 6.4% 10.8% Europe, 57% EBITDA
Slide 14: Harsh Environment
Q4 2025 Presentation Business Area Harsh Environment Sales by geography in Q4 2025 2025 2024 2025 2024 SEKm Q4 Q4 ∆% Full -year Full -year ∆% Net sales 310 296 5% 1,241 1,178 5% North America, 40% Adjusted EBITA 35 24 50% 139 121 15% Adjusted EBITA % 11.4% 8.0% 11.2% 10.3% Europe, 57% EBITDA 46 34 3
Slide 15: Data Center
Q4 2025 Presentation Business Area Data Center Sales by geography in Q4 2025 2025 2024 2025 2024 SEKm Q4 Q4 ∆% Full -year Full -year ∆% Net sales 369 233 59% 1,409 972 45% Adjusted EBITA 56 30 90% 252 154 63% North America, 39% Adjusted EBITA % 15.3% 12.7% 17.9% 15.9% Europe, 61% EBITDA 61 34 79% 26
Slide 16: Strong cash conversion of 235% in the quarter
Q4 2025 Presentation Strong cash conversion of 235% in the quarter Investments mainly related to Cash equivalent bridge Strong cash conversion maintenance SEKm Operating cash flow after WC changes ( SEKm ), % of Capex investments ( SEKm ), % of net sales Cash flow from operating activities before ch
Slide 17: Continued solid financial position
Q4 2025 Presentation Continued solid financial position Interest -bearing net debt decreased by SEK 124 m compared to the previous quarter, stable leverage sequentially Continued solid financial position Net debt / adjusted EBITDA pro forma excl IFRS 16, R12* Net debt as of Q4 2025 ( SEKm ) 2 500 1,
Slide 18: Summary
Q4 2025 Presentation Summary
Slide 19: Q4 2025 - Summary
Q4 2025 Presentation Q4 2025 - Summary • Organic sales growth of 10% to SEK 1.8bn. • Adjusted EBITA of SEK 133m, corresponding to 7.2% margin. • Fiber Solutions market headwinds remaining. Performance improvement program slightly expanded. • Data Center +62% organic growth and 15.3% adjusted EBITA m
Slide 20: Financial targets 2028
Q4 2025 Presentation Financial targets 2028 2025 OUTLOOK Net sales * EBITA margin ** • Pivoting business towards growth • North American business to TARGET 2028 TARGET 2028 opportunities, e.g. submarine cable and gradually return to growth. SEK 6.0bn 10.0% transport networks. • Grow submarine cables
Slide 21: Q&A
Q&A
Slide 22: KASAAGSAS
KASAAGSAS ooo ; ur Ss. ra ‘W* F rar) (eo) wy “ & e s0ese = ° @ e —— esee <