Slide 1: Financial Statement January - June 2026
No Image Financial Statement January - June 2026 14.8.2026 Esa Harju, CEO Mervi Kerkelä-Hiltunen, CFO
Slide 2: Disclaimer
No Image Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by
Slide 3: Teleste
No Image Teleste Networks International technology company building a networked and safe society while minimizing environmental impacts. Public Safety and Mobility Value Drivers • We enable fast broadband services • We guide smooth public transport • We ensure safety in public spaces
Slide 4: Networks
No Image Networks Products, solutions, & advanced services for the broadband network operators Our broadband network solutions portfolio enables operators to deliver top-quality broadband and TV services for their subscribers, while reducing total network ownership costs and maintaining flexibility
Slide 5: Our public transport solutions support over 200 customers
No Image Our public transport solutions support over 200 customers, enhancing the safety and efficiency of public mobility ~300 Experts Over Rolling Stock Manufacturers Public Transport and Rail Safety and Transport Infrastructure and Integrators Operators Operators 30 years of experience Projects d
Slide 6: Group Key Figures Q2 2026
No Image Group Key Figures Q2 2026 REVENUE AND ORDER INTAKE INCREASED FROM THE FIRST QUARTER. PROFITABILITY REMAINED ROBUST. EUR million 4-6 2026 4-6 2025 change 1-6 2026 1-6 2025 change 1-12 2025 Net sales 34.7 35.9 - 3.3% 66.9 68.0 - 1.7% 138.6 Adjusted EBITDA 3.3 3.4 - 3.1% 6.3 6.1 4.0% 12.1 Adju
Slide 7: Orders received Q2 2026
No Image Orders received Q2 2026 Orders received improved in NET, while PSM was below due to timing Orders received Orders received by segments, 1-6 2026 EUR million Public Safety and Mobility 35% (37%) Networks 65% (63%) Orders received declined -7.7% in Q2 on Group level Networks orders were h
Slide 8: Net Sales Q2 2026
No Image Net Sales Q2 2026 Net Sales were close to comparison period’s level Net sales, rolling 12 months Net sales EUR million 40 35,9 34,7 35 29,5 30 25 Net sales Q2 2026 by segment 20 15 10 5 0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Slide 9: Adjusted operating result Q2 2026
No Image Adjusted operating result Q2 2026 Cumulative Adjusted EBIT continued to improve YoY Adjusted EBIT • Profitability improved, driven by product and EUR million project mix and disciplined cost control in both variable and fixed costs. • Company continues to invest into innovation and technolo
Slide 10: Financial Outlook for 2026
No Image Financial Outlook for 2026 • Teleste estimates that Net sales for 2026 will be in the range of 140 to 160 million euros and adjusted Operating profit in the range of 7 to 10 million euros. Profit is expected to be weighted toward the second half of the year. • Material changes in the operat
Slide 11: Content
No Image Content 1. Q1 2026 Highlights 2. Q1 2026 Financial Review
Slide 12: Group Q2 2026: Net sales and Adjusted EBIT close to comparison period
No Image No Image Group Q2 2026: Net sales and Adjusted EBIT were close to comparison period, Net result and EPS improved significantly. EUR million 4-6 2026 4-6 2025 Change 1-6 2026 1-6 2025 Change 1-12 2025 Net sales 34.7 35.9 -3.3% 66.9 68.0 -1.7% 138.6 Adjusted EBITDA 3.3 3.4 -3.1% 6.3 6.1 4.0%
Slide 13: Operating segments Q2 2026
No Image No Image Operating segments Q2 2026 Segments follow different trend paths, long term view remains unchanged Networks 4-6 2026 4-6 2025 Change 1-6 2026 1-6 2025 Change 1-12 2025 Net sales, MEUR 19.6 22.6 -13.5% 39.8 42.0 -5.3% 82.8 Adjusted EBITDA, MEUR 2.9 3.4 -16.7% 6.0 5.5 9.5% 10.9 Adjus
Slide 14: Networks, Q2 2026
No Image Networks, Q22026 Orders increased, cumulative Adjusted EBIT continued to improve Net Sales by geography, rolling 12 Cumulative Adjusted EBIT Q2’26 Orders received Q2’26 Net Sales Q2’26 months • Q2’26 orders increased y-o-y due to strong demand for D4.0 technology, integrated video systems a
Slide 15: Public Safety and Mobility, Q2 2026
No Image Public Safety and Mobility, Q22026 Revenue and Adjusted EBIT increased Net Sales by geography, rolling 12 Orders received Q2’26 Net Sales Q2’26 Cumulative Adjusted EBIT Q2’26 months • Q2’26 Orders received was 10.8 M€. The order intake was impacted by timing shifts in new project awards, as
Slide 16: Strengthening balance sheet, interest bearing net debt decreased
No Image No Image Balance sheet 30 June 2026, EUR million Strengthening balance sheet, interest bearing net debt decreased Assets Equity and liabilities 129,6 129,6 122,7 Intangibles increased year-on-year 122,7 2.9 million due to R&D investments. Equity Intangibles 42,9 Net Working Capital incr
Slide 17: Cash flow 2026: Working capital tied to secure end of year deliveries
No Image Cash flow 2026: Working capital tied to secure end of year deliveries and critical component availability Operating activities Investing activities Financing activities 5,3 3,4 9,1 9,4 2,7 2,7 0,0 3,2 0,3 0,8 Cash Profit for Cash flow Change in R&D CAPEX Leasing Bank loans Changes in Cash 3
Slide 18: Return on capital employed / Equity ratio
No Image No Image Return on capital employed Equity ratio At the end of the period 11% 10,3 % 60% 9% 50% 47,7 % 46,4 % 47,1 % 7% 40% 5,0 % 5% 30% 3% 20% 1% 10% -1% 0% 30.6.2024 30.6.2025 30.6.2026 30.6.2024 30.6.2025 30.6.2026 Return on Capital Employed (ROCE) was 10.3%. The equity ratio has inc
Slide 19: Net Gearing / Interest-bearing Net debt to adjusted EBITDA
No Image No Image Net Gearing Interest-bearing Net debt / adj. At the end of the reporting period EBITDA (2026 EBITDA) Last twelve months 100% 5,5x 90% 5,0x 80% 4,5x 4,2x 70% 4,0x 3,5x 60% 3,0x 50% 46,9 % 40,3 % 2,5x 2,1x 40% 37,7 % 1,9x 2,0x 30% 1,5x 20% 1,0x 10% 0,5x 0% 0,0x 30.6.2024 30.6.2025 30