Slide 1: Year-End Report 2025
AAC CLYDE SPACE AB (publ) YEAR-END REPORT 2025
Slide 2: Fourth Quarter, October – December 2025
2 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FOURTH QUARTER, OCTOBER – DECEMBER 2025 (COMPARED WITH OCTOBER – DECEMBER 2024) Net sales amounted to Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK 71.3 M (143.0) a decrease of -50.1% SEK 2.0 M (33.0) Earnings b
Slide 3: January - December 2025
3 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 JANUARY - DECEMBER 2025 (COMPARED WITH JANUARY - DECEMBER 2024) Net sales amounted to Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK 295.3 M (352.9) a decrease of -16.3% SEK 17.5 M (46.7) Earnings before interest
Slide 4: Events in the Fourth Quarter of 2025
4 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 EVENTS IN THE FOURTH QUARTER OF 2025 • AAC Clyde Space has welcomed Bonnier Capital as a • AAC Clyde Space’s Sedna-1 and Sedna-2 satellites are new shareholder following a directed investment of up now fully operational, strengthening the company’s to
Slide 5: Events After the End of the Reporting Period
5 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 EVENTS AFTER THE END OF THE REPORTING PERIOD • AAC Clyde Space’s extraordinary general meeting on • AAC Clyde Space has initiated the build of two 2 January 2026 approved the Board’s resolution on a additional maritime data satellites, Sedna-3 and dir
Slide 6: Financial Overview – Group
6 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW – GROUP KSEK OCT-DEC OCT-DEC JAN-DEC JAN-DEC 2025 2024 2025 2024 Net sales 71,339 143,022 295,283 352,857 EBITDA 1,956 33,029 17,463 46,694 EBIT -13,088 20,432 -39,985 -4,022 Basic and Diluted earnings per share, SEK -0.93 2.97 -7.6
Slide 7: Financial Overview Continued
7 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW CONTINUED NET SALES 400,000 LAST 12 MONTHS 350,000 PER QUARTER 300,000 250,000 200,000 kSEK 150,000 100,000 50,000 0 2024-Q2 2024-Q3 2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4 Products & Missions Data & Services ORDER BACKLOG 700,000 6
Slide 8: Comments from the CEO
8 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 COMMENTS FROM THE CEO OUR PERFORMANCE EBITDA for the full year amounted to SEK 17.5 million, marking a third consecutive year with a positive result and was broadly in line with expectations. Net sales for the full year amounted to SEK 295.3 million,
Slide 9: Financial Overview: Fourth Quarter 2025
9 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW FOURTH QUARTER 2025 THE GROUP’S SALES AND EARNINGS Net sales amounted to SEK 71.3 M (143.0), a decrease of -50.1%. The decrease is mainly due to less revenues NET SALES DATA & SERVICES 28% recognised from the order backlog than expe
Slide 10: Financial Overview Continued: Segment Sales and Earnings
10 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW CONTINUED SEGMENT SALES AND EARNING Data & Services DATA & SERVICES DATA & SERVICES Data & Services Net sales amounted to SEK 22.0 M (18.5) for NET SALES (KSEK) EBITDA (KSEK) the quarter, an increase of 19.3%. The increase in Net s
Slide 11: Financial Overview Continued: January - December
11 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW CONTINUED JANUARY - DECEMBER Exchange rate differences of SEK -58.1 M (37.3) during the period reflect the revaluation of goodwill and surplus values THE GROUP’S SALES AND EARNINGS from acquisitions, driven by a strengthening of th
Slide 12: Financial Overview Continued: Segment Sales and Earnings
12 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW CONTINUED SEGMENT SALES AND EARNING DATA & SERVICES DATA & SERVICES Data & Services NET SALES (KSEK) EBITDA (KSEK) Data & Services Net sales amounted to SEK 80.1 M (44.9) for the period, an increase of 78.5%. Net sales from the acq
Slide 13: Financial Overview Continued: Investments and Financial Position
13 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW CONTINUED INVESTMENTS AND FINANCIAL POSITION VIREON™ satellites designed for Earth observation and two Sedna AIS satellites designed for maritime vessel tracking. Available cash and cash equivalents as of 31 December 2025 totalled
Slide 14: Incentive Programs
14 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 INCENTIVE PROGRAMS For information on outstanding incentive programs, please refer to the Annual Report 2024. During December 2025, a total of 478,350 warrants under the Warrants 2022/2025 programme were exercised at an exercise price of 94.65 SEK, r
Slide 15: Certification and Reporting Calendar
15 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL OVERVIEW CONTINUED CERTIFICATION REPORTING CALENDAR The Board of Directors and CEO give their assurance that the Annual Report 2025 23 Apr 2026 Year-end Report 2025 provides a true and fair account of the Interim Report Jan-Mar 2026 13 May
Slide 16: About AAC Clyde Space
16 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 ABOUT AAC CLYDE SPACE AAC Clyde Space provides small satellite technologies and services that help governments, businesses and institutions access high - quality data from space. Covering satellite components, mission services and space - based data
Slide 17: Consolidated Statement of Comprehensive Income
17 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME KSEK OCT-DEC OCT-DEC JAN-DEC JAN-DEC 2025 2024 2025 2024 Net sales 71,339 143,022 295,283 352,857 Work performed by the company for its own use and capitalised 3,133 5,212 15,548 22,
Slide 18: Earnings per Share, Based on Profit for the Period
18 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 EARNINGS PER SHARE, BASED ON PROFIT FOR THE PERIOD ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS SEK OCT-DEC OCT-DEC JAN-DEC JAN-DEC 2025 2024 2025 2024 Average no. of shares – basic 6,697,178 5,829,169 6,100,438 5,735,169 No. of shares at end of perio
Slide 19: Consolidated Balance Sheet
19 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 CONSOLIDATED BALANCE SHEET KSEK 31 DEC 2025 31 DEC 2024 ASSETS Non-current assets Intangible assets Goodwill 510,550 557,953 Brands 25,915 28,379 Customer relationships 1,844 4,584 Technology 31,463 45,384 Capitalised expenditure for development 78,0
Slide 20: Consolidated Balance Sheet
20 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 CONSOLIDATED BALANCE SHEET KSEK 31 DEC 2025 31 DEC 2024 EQUITY AND LIABILITIES Equity attributable to Parent Company shareholders Share capital 14,212 11,784 Unregistred share capital - - Other contributed capital 1,046,882 937,001 Ongoing directed s
Slide 21: Consolidated Changes in Equity
21 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 CONSOLIDATED CHANGES IN EQUITY KSEK SHARE ADDITIONAL TRANSLATION OTHER CAPITAL TOTAL EQUITY NON- TOTAL EQUITY CAPITAL PAID-IN RESERVES INCLUDING NET ATTRIBUTABLE TO CONTROLLING CAPITAL INCOME SHAREHOLDERS INTEREST Opening balance, 11,408 928,671 68,4
Slide 22: Consolidated Statement of Cash Flows
22 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 CONSOLIDATED STATEMENT OF CASH FLOWS KSEK OCT-DEC OCT-DEC JAN-DEC JAN-DEC 2025 2024 2025 2024 Cash flow from operating activities EBIT -13,088 20,432 -39,985 -4,022 Adjustments for non-cash items 12,423 12,913 48,616 50,873 Interest received 52 -2,19
Slide 23: Condensed Parent Company Income Statement
23 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 CONDENSED PARENT COMPANY INCOME STATEMENT KSEK OCT-DEC OCT-DEC JAN-DEC JAN-DEC 2025 2024 2025 2024 Net sales 22,788 22,050 80,606 102,848 Work performed by the company for its own use and capitalised 182 1,364 1,410 3,476 Other operating income 247 1
Slide 24: Condensed Parent Company Balance Sheet
24 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 CONDENSED PARENT COMPANY BALANCE SHEET KSEK 31 DEC 2025 31 DEC 2024 Subscribed capital not paid in - - ASSETS Non-current assets Intangible assets 8,174 8,144 Tangible assets 770 790 Receivables from Group companies 84,004 37,108 Financial assets 558
Slide 25: Shareholders as of December 2025
25 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 SHAREHOLDERS AS OF 31 DECEMBER 2025 SHAREHOLDERS NO. OF VOTES & SHARES CAPITAL CBNY-RJA-CLIENT ASSET ACCT 624,000 8.78% Bonnier Capital AB 598,409 8.42% Försäkringsaktiebolaget Avanza Pension 534,221 7.52% Nowo Fund Management AB 435,831 6.13% Nordne
Slide 26: Note General Information
26 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 NOTES NOTE 1 GENERAL INFORMATION Data & Services Data & Services provides Space Data as a Service, delivering AAC Clyde Space AB (publ) Corp. Reg. No. 556677-0599 is high-quality data to our clients and helping them to improve the Parent Company regi
Slide 27: October – December 2025 Segment Reporting
27 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 OCTOBER – DECEMBER 2025 KSEK DATA & PRODUCTS & OTHER ELIMINATIONS TOTAL SERVICES MISSIONS SEGMENTS Net sales by segment 22,046 56,194 - -6,902 71,338 EBITDA by segment 6,453 1,116 -5,052 -561 1,956 29.3% 2.0% 2.7% Depreciation/amortisation and impair
Slide 28: January – December 2024 Segment Reporting
28 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 JANUARY – DECEMBER 2024 KSEK DATA & PRODUCTS & OTHER ELIMINATIONS TOTAL SERVICES MISSIONS SEGMENTS Net sales by segment 44,887 345,998 - -38,028 352,857 EBITDA by segment 21,121 51,579 -25,164 -842 46,694 47.1% 14.9% 13.2% Depreciation/amortisation a
Slide 29: Notes: Financial Instruments, Related Parties, Key Performance Indicators
29 AAC CLYDE SPACE AB (PUBL) YEAR-END REPORT 2025 NOTE 4 FINANCIAL INSTRUMENTS – FAIR VALUE OF NOTE 5 RELATED-PARTY TRANSACTIONS FINANCIAL LIABILITIES MEASURED AT FAIR VALUE During the period, three Board members have invoiced the THROUGH PROFIT OR LOSS company SEK 768 K (869) at market rates for th
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