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Slide 2: Record High Sales Driven by New Projects
2 Record High Sales Driven by New Projects Betolar Q1/2026 Business Review Helsinki, April 23, 2026
Slide 3: Disclaimer
3 Disclaimer Certain statements in this presentation may constitute forward-looking statements. These statements relate to future events or Betolar’s future financial performance that involve known and unknown risks, uncertainties and other factors that may cause Betolar’s or its businesses’ actual
Slide 4: Agenda
4 Agenda 1. Q1/2026 Highlights 2. Financial Review 3. Q&A Tuija Kalpala Mikko Wirkkala President & CEO CFO
Slide 5: Main events & after the period
5 Main events & after the period 01 02 03 04 05 Record High Push for Metal Epanko Mine Protecting critical Trading on OTCQX Sales Extraction continues tailings infrastrucure started January–March revenue Betolar received a Betolar, Ecograf and Betolar introduces a Trading in Betolar’s shares was hig
Slide 6: Highlights
6 Highlights Market Market conditions remain favourable for Betolar’s solutions, driven by increased interest in critical infrastructure resilience and for strategic and critical minerals. Growing security concerns, including the need to protect electrical substations and other essential assets, are
Slide 7: Mining & Metals, Circular Materials, Critical Infrastructure Protection
Key part of our strategy is our Metal Extraction Technology, which recovers critical and strategic metals from slags and mine tailings with high efficiency while simultaneously producing low-carbon circular cement. This creates a zero-waste value chain where all inputs become valuable outputs. By tr
Slide 8: Mining & Metals
8 • Mining & Metals developed positively during Q1 through both continued projects with existing customers and new engagements • Betolar received a follow-on order from Anglo American’s Sakatti mine tailings Mining & project, advancing commercial cooperation and progressing Metal Extraction Technolo
Slide 9: Circular Materials
9 • Circular Materials business developed positively both internationally and in Finland • In India, sales of ground granulated blast furnace slag (GGBFS) continued to grow, supported by a strong customer base and partner network • In Finland, Betolar commenced sales of blast furnace slag to the con
Slide 10: Protecting Critical Infrastructure
10 • After the review period, Betolar introduced a new cost-effective solution for protecting critical infrastructure from drones and other physical threats • Critical infrastructure plays a vital role in the functioning of society, and damage to these assets can cause widespread and long-lasting di
Slide 11: Financial review
11 Financial review Mikko Wirkkala CFO
Slide 12: Financial and operational Indicators
12 Financial and operational Indicators Financial indicators Q1 / 2026 Q1 / 2025 2025 (EUR thousand, unless otherwise specified) Revenue 441 164 946 Other operating Income 200 428 1 414 EBITDA -972 -1,007 -3,709 Cash and cash equivalents and short-term fund 5,181 10,253 6,715 investments (at the end
Slide 13: Financial position and outlook
13 Financial position and outlook • Cash Balance €5.2 million at the end of the period • €0.7 million remaining of Business Finland’s grant, €0.3 million remaining related to other grants • Liquidity and undrawn grants amount to €6.1 million, combining cash and outstanding grants Guidance for year 2
Slide 14: Q&A
Q&A
Slide 15: Thank you for your interest!
Thank you for your interest! Next events May 20, 2026: Investor fair, Tampere, Finland August 12, 2026: Half-year Review October 28, 2026: Q3 Business Review
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