Slide 1: Year-End Report Q4 2025
Year–End Report Q4 2025 Evelina Hedskog, President and CEO
Slide 2: Vision and Mission
Vision The leading global provider of sustainable defence technology . Mission We deliver cutting-edge solutions to empower own and allied forces.
Slide 3: Sustainable defence technology
Sustainable defence technology Defending democracy Supporting the defence of free, open and democratic societies. Responsible by design Products engineered for long life and resource efficiency. People and partners Safe, inclusive workplaces and responsible value chains. Guided by standards and regu
Slide 4: W5 in Brief
W5 in Brief Business areas Integration, Training and Power Operations Sweden, Norway, Finland – HQ in Stockholm Organisation Approximately 220 employees Customer base & markets Defence agencies and industry – Nordics and Europe Listing Nasdaq First North Growth Market (since 2021)
Slide 5: Financial Targets & Growth Strategy
Financial Targets & Growth Strategy Financial targets 2027 Growth strategy Net sales SEK 1 000 m +27% Acquired growth Organic growth (minimum 20%) 492 EBIT margin 388 10 % 2024 Actuals 2025 Actuals 2026 Estimate 2027 Estimate 5
Slide 6: Three business areas and seven product areas
Three business areas and seven product areas 6
Slide 7: Integration Product Areas
INTEGRATION PRODUCT AREAS SYSTEMS INTEGRATION SHELTERS Gunilla Stomberg Head of Business Area 7
Slide 8: Training Product Areas
TRAINING PRODUCT AREAS LIVE FIRE TRAINING LIVE FIRE TRAINING DEFENCE & SECURITY SPORTS & H UNT IN G Toralf Johannessen Head of Business Area 8
Slide 9: Power Product Areas
POWER PRODUCT AREAS BATTE RIES & CHA RGERS GENSE TS SIMUL ATION Tobias Johansson Head of Business Area 9
Slide 10: Q4 Highlights & Key Figures
Q4 Highlights & Key Figures (SEK m) Strong result aligned with our long-term targets Order intake Net sales ▪ Historical quarter – financials and deliveries 207 215 ▪ High margin driven by seasonal effects ▪ Solid order backlog & good business visibility Order backlog EBIT margin ▪ Strong demand acr
Slide 11: Q4 Performance by Business Area
Q4 Performance by Business Area (SEK m) Order intake Net sales EBIT 91 93 94 21 63 58 14 13 22 Integration Training Power Integration Training Power Integration Training Power 11
Slide 12: Order Backlog & Book-to-Bill
Order Backlog & Book-to-Bill (SEK m) Book-to-bill 2025 → 1.5 Order backlog split per year 700 Book-to-bill 3.5 600 3.0 8% 500 2.5 8% 400 2.0 300 1.5 200 1.0 100 0.5 84% 0 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2024 2025 2026 2027 2028 Order book Book to bill 12
Slide 13: Key Figures – Full Year 2025
Key Figures – Full Year 2025 (SEK m) Group Integration Training Power Order intake Order intake Order intake Order intake 730 192 224 314 Order backlog Order backlog Order backlog Order backlog 566 167 71 328 13
Slide 14: Net Sales and EBIT Margin by Quarter
Net Sales and EBIT Margin by Quarter (SEK m) 250 25% 20% 200 15% 10% 150 5% 100 0% -5% 50 -10% 0 -15% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2024 2025 Net sales EBIT % 14
Slide 15: Key Figures – Full Year 2025
Key Figures – Full Year 2025 (SEK m) Group Integration Training Power Net sales Net sales Net sales Net sales 492 173 173 146 EBIT EBIT EBIT EBIT 38 39 13 –14 15
Slide 16: Summary
Summary Strong result aligned with our long-term targets ▪ Record high net sales and profitability ▪ Full utilisation of organisational resources ▪ Progress according to plan Priorities ahead ▪ Focus on sustainable and profitable growth ▪ Preparing for increased order volumes ▪ Build long-term order
Slide 17: Q&A
O&A Empowering defonce
Slide 18: Financial Calendar / Thank you!
Financial Calendar Thank you! Annual Report 2025 16 April 2026 Q1 Interim Report 7 May 2026 Annual General Meeting 7 May 2026 Q2 Interim Report 5 August 2026 ir@w5solutions.com Q3 Interim Report 5 November 2026 Year-End Report 2026 18 February 2027