Framery Group Oyj · OMXHEX:FRAMERY
Framery Group Oyj — Q4 2025 Earnings Presentation
29 slides from Framery Group Oyj's earnings presentation, Feb 16, 2026
Slide 1: Continued strong revenue growth
Continued strong revenue growth Samu Hällfors, CEO | Lauri Isotalo, CFO Framery Group Plc Financial statements release | 16.2.2026 January−December 2025
Slide 2: Welcome: Agenda for today
Welcome Agenda for today Samu Hällfors Lauri Isotalo CEO CFO Highlights of business and Financial performance in strategy Q4/2025 and full year 2025
Slide 3: Fourth Quarter 2025
Fourth Quarter 2025 The fourth quarter of the year was strong for Framery in terms of revenue and profitability, especially considering the volatile trade environment. Both full-year revenue and adjusted operating profit (adjusted EBIT) were in line with the guidance provided in the prospectus. Grow
Slide 4: October–December 2025 key figures
October–December 2025 key figures Revenue Adjusted EBIT Operating Free Cash Flow 58.2M€ 11.9M€ 17.8M€ (49.6M€) (14.6M€) (13.4M€) +17.2% 20.4% 133.3% (29.3%) (83.0%) Growth at comparable exchange rates +21.5% (60.3M€) of revenue Cash conversion
Slide 5: January–December 2025 key figures
January–December 2025 key figures Revenue Adjusted EBIT Operating Free Cash Flow 222.1M€ 50.5M€ 51.6M€ (162.1M€) (33.0M€) (26.6M€) +37.0% 22.8% 91.6% (20.4%) (68.9%) Growth at comparable exchange rates +39.5% (226.2M€) of revenue Cash conversion
Slide 6: Fourth Quarter highlights
Fourth Quarter highlights Strong revenue growth continued • Revenue increased by 17.2% to EUR 58.2 (49.6) million, at comparable exchange rates: EUR 60.3 million (+21.5%) Adjusted EBIT below very strong comparison period • Adjusted EBIT amounted to EUR 11.9 (14.6) million and was 20.4% of revenue •
Slide 7: Full-Year highlights
Full-Year highlights Strong revenue growth despite volatile trade environment • 37.0% revenue growth to EUR 222.1 million ( growth at comparable exchange rates was +39.5%. ), significantly exceeding the estimated 15% compound annual growth rate (2024 – 2030) for the core office pod market • Adjusted
Slide 8: Regional revenue performance
M ARKE T E N VIRON ME N T Regional revenue performance EMEA AMER APAC Emea remained the Company’s Growth in the Americas was strong, and Growth in APAC was very strong, and largest market revenue increased by 52.0% year-over - revenue increased by 91.8% year-over year to 65.9M€ (43.4M€). -year to 37
Slide 9: Strategic highlights & innovation
Strategy implementation Strategic highlights & innovation
Slide 10: Strategic focus areas 2025
Strategic focus areas 2025 Growth strategy M AI N TH EM ES Best smart pods and Effortless Global Availability smart office solutions STRA TEG IC P RO J ECTS 1. 2. 3. 4. Further strengthen Drive the adoption of Drive growth through Deploy Framery our leading product- the smart office tailored go-to-m
Slide 11: 1. Further strengthen our leading product-market-fit in all key regions
1. Further strengthen our leading product-market-fit in all key regions Comprehensive product development process with optimised time - to - market Market intelligence process Innovation process Product development pipeline Initiative Major product updates New product concepts Minor product updates
Slide 12: 2025 Product launches: Maximizing comfort & utility
1. Further strengthen our leading product-market-fit in all key regions 2025 Product launches: Maximizing comfort & utility Update Driver Impact Demand for "resimercial" A cozy, ergonomic workstation (home - like, a blend of Framery One Lounge "residential" and "commercial) built for extended focus,
Slide 13: 2. Drive the adoption of the smart office solution to scale the SaaS business
2. Drive the adoption of the smart office solution to scale the SaaS business Fine-grained space In-app product Framery Framery usage Trend guidance in Space Room Flexible visualization in Framery OverviewTM DisplayTM filters for Framery Connect drilling down Connect/analytics People usage data in S
Slide 14: Framery Room Display
Framery Room DisplayTM LAUNCHED JANUARY 2025 • You can quickly view the room availability and upcoming reservations for the next two weeks. • The display panel lets you conveniently book and adjust reservations on the spot, instantly updating the company calendar. • You can see the room status at a
Slide 15: Framery Space Overview
Framery Space Overview LAUNCHED JULY 2025 • Quickly identify vacant workspaces with a clear overview of nearby spaces. • In addition to color-coded availability, the overview screens provide essential details such as the space’s name, location, equipment, and capacity. • Position displays strategica
Slide 16: 3. Drive growth through tailored go-to-market-strategies
3. Drive growth through tailored go-to-market-strategies Engaged dealers Expanding global sales channel • 53 new dealers bought showroom pods in 2025 • 53 new dealers with showroom units • Dealer NPS 81 according to in 2025 company’s own survey • Dealer NPS 81 according to company’s own survey
Slide 17: 4. Deploy Framery Subscribed globally with dealers
4. Deploy Framery SubscribedTM globally with dealers • Engaged dealers The expansion of the Dealer - led • 53 newmodel Subscribed dealers bought moved beyond its pilotshowroom phase pods in 2025 • Dealer NPS 81 according to • In 2025, the model company’s ownwas significantly survey scaled up and for
Slide 18: 2026 focus areas
2026 focus areas Driving Recurring Strong product World-class customer revenue development sales strategy adoption and from focus execution recurring Subscribed revenue of by opening Smart Office new markets
Slide 19: Financial performance
2025 Financial performance
Slide 20: Framery's IPO on Nasdaq Helsinki
Framery’s IPO on Nasdaq Helsinki Largest Finnish IPO since 2018 by First Day Market Capitalization +11.3% Largest Finnish IPO since 2021 by Transaction Volume First day performance Almost 10,000 new shareholders IPO offering oversubscribed 230M€ Among five biggest IPOs on Nasdaq’s European Exhanges
Slide 21: Accelerated growth and margin expansion in 2025
Accelerated growth and margin expansion in 2025 Revenue, M€ Adjusted EBIT, M€ Adjusted EBIT margin, % 222.1 51 29.3 162.1 22.8 152.5 151.1 20.5 20.4 20.4 33 19.1 31 29 58.2 15 49.6 12 2022 2023 2024 2025 Q4 2024 Q4 2025 2022 2023 2024 2025 Q4 2024 Q4 2025 2022 2023 2024 2025 Q4 2024 Q4 2025
Slide 22: Framery's key figures in the review period
Framery’s key figures in the review period Key figure (EUR million) 10 - 12 2025 10 - 12 2024 Change 1- 12 2025 1- 12 2024 Change Revenue 58.2 49.6 8.5 222.1 162.1 60.0 Revenue Growth, % 17.2% N/A N/A 37.0% 7.3% 29.7% EBITDA 11.5 15.5 - 4.0 46.9 35.2 11.7 EBITDA margin, % 19.8% 31.3% - 11.5% 21.1% 2
Slide 23: Moderate increase in Capital employed leading to excellent ROCE
Moderate increase in Capital employed leading to excellent ROCE Return on capital employed Adjusted EBIT, EURm Capital employed, EURm 50.5 ROCE, % 38.6 35.4 33.0 33.0 29.2 30.6 31.0 95,4% 93,7% 93,4% 130,9% Highly scalable operating model ensuring high EURm 2022 2023 2024 2025 capital efficiency Adj
Slide 24: Strong cash flow and cash conversion even with fast growth of revenue
Strong cash flow and cash conversion even with fast growth of revenue Operating free cash flow Adjusted EBITDA, EURm 56.4 Operating free cash flow, EURm 51.6 Cash conversion, % 38.6 33.7 35.0 32.3 Framery’s operating free cash flow 26.6 amounted to 51,6M€ in 2025 22.2 16.1 17.8 13.4 13.4 Operating f
Slide 25: Decreasing leverage and strong financial position
Decreasing leverage and strong financial position following the growth in profitability 2.8x Leverage 2.2x Net Debt relatively steady at 66,9M€ compared 1.8x to previous year Strong cash position with 19,8M€ in cash or cash 1.2x equivalents Growth in Adj. EBITDA driving the Leverage down during 2025
Slide 26: Framery's mid- and long-term financial targets
Framery’s mid- and long-term financial targets GROWTH PROFITABILITY LEVERAGE DIVIDENDS >10% 25% <2.0x 70–90% Average annual organic Adjusted operating Net debt/adjusted Part of the distribution revenue growth compared profit margin in the mid- EBITDA may be executed through to 2025 term Share buybac
Slide 27: Dividend proposal
Dividend proposal Framery’s Board of Directors proposes to the annual general meeting that Framery distributes a dividend of 0.23 euros per share for the financial year ended 31 December 2025, totaling 18 204 231.13 euros. The Board proposes that the dividend be paid in one instalment in May 2026. T
Slide 28: Q&A
Q&A
Slide 29: Disclaimer
Disclaimer This material contains, or may be performance or achievements to be to the management of Framery Group deemed to contain, “forward-looking materially different from those expressed Plc. Framery Group Plc assumes no statements”. These statements relate to or implied by any forward-looking