Slide 1: Financial Presentation Q2 2025
Financial Presentation Q2 2025 July 14, 2025
Slide 2: 1H 2025 with strong business momentum and major achievement in large account strategy in Q2
1H 2025 with strong business momentum and major achievement in large account strategy in Q2 REVENUE 2025 Change Strongest quarter ever and record high order Q2 18.7 MUSD +43.7% booking, surpassing previous two strong quarters 6M 33.0 MUSD +28.8% Selected by Hyperscale organization, data center inter
Slide 3: Q2'25 deep dive
smactoptics Q2’25 deep dive
Slide 4: Remarkably strong US, trade policy uncertainty reduced
Remarkably strong US, trade policy uncertainty reduced Revenue per region and quarter – Last 5 quarters MUSD Americas EMEA APAC +80% 12.3 +6% 7.8 8.4 6.9 6.9 5.7 6.2 5.3 4.6 4.9 -4% 1.5 1.6 1.4 1.1 1.2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2024 2025 2024 2025 2024 2025 4
Slide 5: Strong growth in Business areas Solutions and Software and Services, material contribution from new products
Strong growth in Business areas Solutions and Software and Services, material contribution from new products Revenue per business area and quarter – Last 5 quarters MUSD Solutions Devices Software & Services +57% 11.6 10.3 8.2 7.4 7.3 +7% 3.8 4.0 4.1 +65% 3.7 3.6 2.9 2.6 2.5 1.8 2.0 Q2 Q3 Q4 Q1 Q2 Q
Slide 6: Summary of Q2 financial performance
Summary of Q2 financial performance Revenue EBITDA & EBIT Operating cash flow MUSD MUSD MUSD 43.7% EBITDA EBIT 18.7 16.9 5.6 14.4 2.4 2.6 13.0 13.0 1.8 1.8 2.6 1.1 1.2 0.6 1.0 0.5 0.5 0.6 -0.5 -1.9 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Gross margin and EBITDA margin Comments % 47.3 % 47.4 % 4
Slide 7: Strong financial position
Strong financial position Balance sheet Jun 30, 2025 Working capital development past 5 quarters MUSD MUSD 49.9 49.9 17.3 15.7 8.8 14.9 13.3 13.6 19.9 18.4 19.8 26.4 17.2 17.9 16.8 17.3 15.4 14.6 15.9 15.4 14.6 14.7 14.9 15.6 14.1 13.0 14.0 11.5 12.6 Q2 Q3 Q4 Q1 Q2 0.4 38.1 Inventories Trade Receiva
Slide 8: 2026-2030: Roadmap to deliver profitable growth in next-gen optical networking market
2026-2030: Roadmap to deliver profitable growth in next-gen optical networking market * STRENGTHEN AND EXPAND THE CORE ADD NEW GROWTH DRIVERS Continued focus on home markets Committing to the majors Leverage software automation and AI • Targeting network- and data center operators, • Continue to exp
Slide 9: Profit and Loss Statement
Profit and Loss Statement Profit and Loss Statement Q2 2025 2025 2024 2025 2024 Am ounts in USD 1 000 Q2 Q2 YTD YTD Total revenue and other operating incom e 18 672 12 991 33 027 25 640 Direct cost of sales -9 592 -6 843 -17 161 -13 345 Employee benefit expenses -5 164 -4 076 -9 680 -8 139 Other ope
Slide 10: Balance Sheet
Balance Sheet Balance Sheet Jun 30, 2025 2025 2024 2025 2024 Amounts in USD 1 000 Amounts in USD 1 000 Q2 Q2 Q2 Q2 Capitalized development cost 2 004 1 341 Share capital 194 184 Other Intangible assets 691 92 Share premium 14 752 13 992 Property, plant and equipment 3 521 2 969 Other paid in capital
Slide 11: Cash Flow Statement
Cash Flow Statement Cash Flow Statement Q2 2025 2025 2024 2025 2024 Am ounts in USD 1 000 Q2 Q2 YTD YTD Cash flow s from operating activities Profit/(loss) before income tax 625 210 749 1 676 Adjustments for Taxes paid -302 0 -977 0 Depreciation and amortization 736 544 1 353 1 102 Net interest expe
Slide 12: Thank you
smactoptics Thank you