Slide 1: Q2 2026 Results Presentation
Q2 2026 Claude Jean | Espen Schie August 13, 2026 #InvestinTekna www.tekna.com/investors The Ultimate Partner
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements concerning Tekna Group's business, financial performance, and the industries and markets in which it operates. These statements, which are not historical facts, may be identified by terms such
Slide 3: Agenda
1 Introduction Agenda 2 Highlights and business areas review 3 Financial review 4 Outlook and take-aways 3
Slide 4: Introduction
1 Introduction MTEKNA 4
Slide 5: A world leading provider of advanced materials for Additive Manufacturing (AM)
ABOUT TEKNA A world leading provider of advanced materials for Additive Manufacturing (AM) A global leader across two verticals [1] MATERIALS High-performance metallic powders for Additive Manufacturing in aerospace, defense, medical, Proprietary ICP technology and processes built on 30 years of s
Slide 6: Leading position in materials value chain and global #2 provider of advanced titanium powders
MATERIALS - ADDITIVE MANUFACTURING Leading position in materials value chain and global # 2 provider of advanced titanium powders Proprietary technology supplying the essential raw material Strong market position built over 35 years of for the shift to 3D metal printing for demanding applications te
Slide 7: Strategically positioned to capture accelerating demand for Additive Manufacturing
MATERIALS - ADDITIVE MANUFACTURING Strategically positioned to capture accelerating demand for Additive Manufacturing (AM) USD billion Shift from traditional manufacturing methods to ... accelerated by global megatrends and 8.3 3D printing for specific reasons... resource scarcity Part manufacturing
Slide 8: Highlights and business areas review
2 Highlights and business areas review 8
Slide 9: Record order intake and expanding margins reinforce growth trajectory
Q2 2026 HIGHLIGHTS Record order intake and expanding Revenue and contribution margin development margins reinforce growth trajectory CAD million, % 58% 60% 57% 54% 51% 45% 10.6 9.9 10.0 9.0 8.4 8.3 1.8 2.3 2.7 • Revenues increased 18% YoY, driven by continued growth 2.2 2.4 1.4 across both Materials
Slide 10: Materials delivers strong revenue and margins driven by A&D demand
MATERIALS - ADDITIVE MANUFACTURING Materials delivers strong revenue and margins driven by A&D demand Key Figures Backlog and Order intake CAD million CAD million Order intake Backlog Q2 2026 Q2 2025 YoY -9% 18.2 17.4 17.3 Revenue 7.9 6.6 20.0% 16.6 16.6 Contribution margin 54.0% 38.1% 16pp 9.1 7.0
Slide 11: A greater share of backlog expected to convert within the next 12 months
MATERIALS - ADDITIVE MANUFACTURING A greater share of backlog expected to convert within the next 12 months Expected development of end of Q2 backlog Excludes new order intake Actual revenues Current backlog in future 15.6 9.8 6.8 H1 26 H2 26 2027 and beyond • Approximately 60% of the current backlo
Slide 12: Record bookings and a strengthened backlog support future growth
SYSTEMS Record bookings and a strengthened backlog support future growth Key Figures Backlog and Order intake CAD million CAD million Order intake Backlog Q2 2026 Q2 2025 YoY +339% Revenue 2.7 2.4 13% 11.7 11.9 Contribution margin 66.0% 62.4% 4pp Backlog 11.9 2.7 339% 2.7 3.1 3.1 2.8 2.1 1.6 1.8 Ord
Slide 13: Financial review
i} Financial review MTEKNA 13
Slide 14: Profitability program delivering, with continued cost discipline
PROFITABILITY DEVELOPMENT Profitability program delivering, with continued cost discipline Sustained effects from improvement program Indirect personnel cost development (excl. restructuring costs) CAD million Efficiency program initiated in 2023 • Indirect personnel costs remain 22% below peak leve
Slide 15: Profitability driven by Materials revenue and contribution margin uplift
PROFITABILITY DEVELOPMENT Profitability driven by Materials revenue and contribution margin uplift Adjusted EBITDA CAD million +3.4 1.4 • Adjusted EBITDA improved by CAD 3.4M YoY to CAD 1.4M, -0.1 driven by revenue growth and margin expansion across both 0.9 business areas 0.4 • Materials remained t
Slide 16: Profitability driving cash flow, with increased working capital
CASH FLOW DEVELOPMENT Profitability driving cash flow, with increased working capital to support the high order intake Cash flow CAD million Cash position reduced by CAD 0.8m in the quarter Operating cash flow of CAD negative 1.2m 1.3 • Improved EBITDA and return to profitability 18.8 -2.5 • Working
Slide 17: Strengthened balance sheet supporting a fully funded business plan to 2030
FINANCIAL HIGHLIGHTS Strengthened balance sheet supporting a fully funded business plan to 2030 Q2 2026 balance sheet CAD million 11.5m Improved from CAD 9.9m at year-end on positive Net cash [1] operating cash flow 70 70 Property, plant 19 and equipement 78% Well-capitalized to deliver on growth ta
Slide 18: Outlook and take-aways
4 Outlook and take-aways MTEKNA 18
Slide 19: Medical: strong momentum in the largest end-market for Titanium AM
MATERIALS - ADDITIVE MANUFACTURING Medical | strong momentum in the largest end-market for Titanium AM, driven by flexibility of design, patient-specific devices and ageing demographics Medical | Largest end-market for Titanium AM Representative end-use applications Titanium AM powder market, USD mi
Slide 20: Aerospace & Defense: in position to capture value as structural trends accelerate
MATERIALS - ADDITIVE MANUFACTURING Aerospace & Defense | in position to capture value as structural market trends accelerate Aerospace and Defense AM growth Aerospace & Defense | Fastest growing segment Representative end-use applications Titanium AM powder market, USD million 182 Fastest growing se
Slide 21: On track for double-digit revenue growth to 2030
OUTLOOK On track for double-digit revenue growth to 2030 2030 target within current businesses Revenue (CAD million) and EBITDA (%) 15% - 20% Systems Materials EBITDA CAGR The observed Materials order intake and increasing customer Double-Digit order size, coupled with current market trends, suppo
Slide 22: Delivering profitability, with capacity to scale in growing market
Q2 2026 TAKE AWAYS Delivering profitability, with capacity to scale in growing market World-leading provider of advanced Materials and Systems has reached profitability inflection point Fourth consecutive adjusted EBITDA-positive quarter - confirming the profitability inflection point Positioned t
Slide 23: Appendix
ppendix 23 © Tekna Holding ASA | All rights reserved
Slide 24: Key Metrics: Quarterly (in CADm)
KEY METRICS Quarterly (in CADm) Order intake Revenue Adjusted EBITDA +110% +3.4 +18% 19.0 11.4 11.2 1.4 11.0 10.0 10.6 0.9 16.1 9.6 9.9 9.4 9.1 8.7 3.4 9.0 0.5 3.5 4.8 2.7 0.2 12.8 2.2 8.4 8.3 1.8 2.3 13% 0.2 7.6 12.2 11.7 3.0 2.4 1.4 10.4 11.2 6.8 3.8 2.9 2.2 +20% 10.5 10.3 7.4 2.2 -22% 9.6 9.1 3.1
Slide 25: Key Metrics: Trailing 12 Months (TTM; in CADm)
KEY METRICS Trailing 12 Months (TTM; in CADm) Order intake Revenue Adjusted EBITDA +23% 40.3 +12% 45.8 40.9 40.1 38.9 +8.5 43.4 38.8 42.6 38.6 39.4 36.3 37.2 36.9 35.4 37.2 2.9 38.5 37.6 35.6 37.3 36.8 35.8 34.7 35.6 33.2 8.2 35.5 29.1 34.6 5.5 16.8 15.215.115.013.3 10.79.9 7.8 7.9 8% 29.8 18.1 19.7
Slide 26: Key Metrics: Quarterly cash flow (in CADm)
KEY METRICS Quarterly (in CADm) Operating cash flow Capex Free cash flow 4.9 -1.7 4.7 -1.5 3.4 3.2 0.5 +0.1 0.1 0.1 -0.3 -0.2 -0.9 -0.5 -0.7 -0.6 -0.2 -0.3 -1.4 -0.2 -1.6 -1.4 -1.2 -1.2 -1.2 -0.5 -0.3 -0.4 -0.8 9.0 -2.9 -2.1 -3.3 -3.2 -0.9 -1.0 -3.3 -1.1 -4.9 -5.5 -5.3 -4.4 -4.4 -1.7 23.8 25.7 25.1
Slide 27: Key Metrics: Trailing 12 Months cash flow (in CADm)
KEY METRICS Trailing 12 Months (TTM; in CADm) Operating cash flow Capex Free cash flow +0.4 +1.2 2.5 0.8 +0.8 1.3 0.4 0.8 -0.1 0.0 -0.5 -0.2 -1.0 -3.0 -2.5 -1.4 -1.3 -1.8 -1.5 -1.1 -5.7 -5.3 -6.7 9.0 -7.2 -2.9 -2.5 -10.8 -12.7 -13.3 -14.0 -5.1 -5.5 -6.0 23.8 25.7 25.1 25.4 -15.3 -12.9 20.7 22.8 -20.
Slide 28: Consolidated Statement of Comprehensive Income
FINANCIAL STATEMENTS Consolidated Statement of Comprehensive Income CAD thousands Notes Q2 2026 Q2 2025 H1 2026 H1 2025 Revenues 3 10 649 9 020 20 602 17 379 Other Income 235 157 268 330 Materials and consumables used 4 572 4 998 9 125 9 091 Employee benefit expenses 3 524 3 878 7 013 8 458 Other op
Slide 29: Consolidated Balance Sheet
FINANCIAL STATEMENTS Consolidated Balance Sheet CAD thousands Notes 30.06.2026 30.06.2025 31.12.2025 31.12.2024 Non-current assets Property, plant and equipment 19 301 23 399 22 099 24 446 Intangible assets 5 505 6 603 6 018 6 962 Non-current receivables 4 084 4 106 4 107 4 085 Total non-current ass
Slide 30: Consolidated Changes in Equity
FINANCIAL STATEMENTS Consolidated of Changes in Equity H1 2026 Share Non- capital and Other Notes Total controlling Total equity CAD thousands share reserves interests premium Balance at 1 January 2026 522 546 -466 642 55 904 - 55 904 Profit/(loss) for the period - -1 488 -1 488 - -1 488 Other compr
Slide 31: Consolidated Statement of Cash Flows
FINANCIAL STATEMENTS Consolidated Statement of Cash Flows CAD thousands Notes Q2 2026 Q2 2025 H1 2026 H1 2025 Cash flow from operating activities Net profit/(loss) 82 -3 896 -1 488 -7 675 Depreciation, amortization and impairment 1 108 1 231 2 217 2 371 Accretion of discounted loan 115 110 228 218 L
Slide 32: Advancing the world with sustainable material solutions, one particle at a time
Advancing the world with sustainable material solutions, one particle at a time… ir.tekna.com #InvestinTekna 32
Slide 33: Thank you & Questions
Thank you & nswers *New website*: ir.tekna.com #InvestinTekna © Tekna Holding ASA | All rights reserved