Slide 1: Interim Report Q1 | January - March 2026
Interim Report Q1 | January - March 2026 Critical Enablers of a Greener Data Economy
Slide 2: Interim Report Q1 2026
Interim Report Q1 2026 The following Interim Report relates to the period January 1 to March 31, 2026 First quarter January – March 2026 ➔ Net sales amounted to SEK 61.9 m (78.9), equivalent to a decrease of 22% YoY. ➔ Adjusted EBITDA totaled SEK -13.8 m (-6.0), equivalent to a decrease by SEK 7.8 m
Slide 3: CEO's Statement
CEO’S STATEMENT Record Opportunity Pipeline Growth, and Multiple Product Ramps into 2027 remain on Track for Growth Acceleration Q1 revenue was 61.9 MSEK, impacted by US defense budget approval delays and a weaker exchange rate. Q1 AEBITDA was -13.8 MSEK driven by sales team expansion to support pip
Slide 4: This is Sivers Semiconductors
This is Sivers Semiconductors We are Critical Enablers of a Greener Data Economy with Energy Efficient Photonics & Wireless Solutions Sivers – mission critical focus on two markets with tremendous momentum Total number With energy efficient Sivers Semiconductors is listed on Nasdaq Stockholm of emplo
Slide 5: Net sales and results
Net sales and results In the first quarter, the Group entered into a new secured loan facility First quarter agreement amounting to USD 17.0 million. The facility comprises a The Group’s net sales amounted to SEK 61.9 m (78.8), a decrease of term loan of USD 5.0 million and a convertible loan of USD
Slide 6: Outlook
Outlook Events after the end of the period The Board does not publish forward-looking financial forecasts. After the end of reporting period, a previously announced directed new issue of 8 620 000 shares, corresponding to a capital injection of Risks and uncertainties approximately SEK 125 m before
Slide 7: Consolidated Income Statement in summary
Consolidated Income Statement in summary Jan-Mar Jan-Dec SEK m 2026 2025 2025 Net sales 61.9 78.9 306.6 Cost of goods sold -57.7 -69.7 -308.6 Gross profit 4.2 9.2 -2.1 Research and development expenses -7.3 -10.8 -36.3 Selling, administrative and other expenses -38.2 -26.7 -148.8 Other operating inc
Slide 8: Consolidated Statement of Financial Position in summary
Consolidated Statement of Financial Position in summary SEK m 3/31/2026 3/31/2025 12/31/2025 ASSETS Non-current assets Goodwill 378.2 391.3 370.1 Other intangible assets 482.3 560.9 478.5 Capitalized development expenditure 186.0 166.8 174.7 Property, plant and equipment 54.6 61.4 55.9 Right-of-use
Slide 9: Consolidated Statement of Changes in Equity in summary
Consolidated Statement of Changes in Equity in summary SEK m 3/31/2026 3/31/2025 12/31/2025 Opening balance 949.8 1,091.1 1,091.1 Profit/loss for the period -42.7 -49.8 -222.6 Other comprehensive income 19.1 -68.1 -121.8 New share issue - 107.8 211.0 Share issue expenses - -6.8 -14.0 Repurchase of o
Slide 10: Consolidated Statement of Cash Flow in summary
Consolidated Statement of Cash Flow in summary Jan-Mar Jan-Dec SEK m 2026 2025 2025 Cash flow from operating activities Operating profit/loss -41.5 -28.2 -177.8 Adjustments for non-cash items Depreciation 17.0 19.6 72.6 Impairment of property, plant and equipment - - 5.4 Impairment/write-off of capi
Slide 11: Parent Company Income Statement in summary
Parent Company Income Statement in summary Jan-Mar Jan-Dec SEK m 2026 2025 2025 Net sales 12.9 7.3 22.2 Net sales 12.9 7.3 22.2 Administrative expenses -20.4 -8.5 -55.0 Other operating income 0.1 - - Operating profit/loss -7.5 -1.2 -32.8 Result from participation in group companies -9.9 -0.1 -47.3 F
Slide 12: Parent Company Statement of Financial Position in summary
Parent Company Statement of Financial Position in summary SEK m 3/31/2026 3/31/2025 12/31/2025 ASSETS Non-current assets Other intangible assets 1.9 2.4 2.0 Shares in Group companies 1,203.5 1,203.5 1,203.5 Receivables from Group companies 308.7 295.4 255.6 Total non-current assets 1,514.1 1,501.3 1
Slide 13: Notes
Notes Note 1. Accounting principles The Interim Report has been prepared in accordance with IAS 34 and Changed presentation and corrections the applicable regulations of the Swedish Annual Accounts Act. The The Group has changed the presentation of the income statement Consolidated Financial Stateme
Slide 14: Revenue from customer contracts
Revenue from customer contracts Jan-Mar 2026 Jan-Mar 2025 Revenue type Wireless Photonics Total Wireless Photonics Total Hardware revenue 9.9 17.8 27.7 14.5 26.2 40.7 Revenue from NRE contracts 34.2 - 34.2 38.1 - 38.1 Support & other - - - 0.1 - 0.1 Total 44.1 17.8 61.9 52.7 26.2 78.9 Recognition At
Slide 15: Net sales and profit by segment
Net sales and profit by segment Jan-Mar Jan-Dec SEK m 2026 2025 2025 External net sales Wireless 44.1 52.7 213.1 Photonics 17.8 26.2 93.4 Net sales for reportable segments 61.9 78.9 306.6 Group-wide¹ - - - Total net sales 61.9 78.9 306.6 Depreciation/amortizations and impairment Wireless -13.2 -15.4
Slide 16: Notes 3, 4 and 5
Note 3. Financial instruments The Statement of Financial Position includes operating receivables and liabilities held to maturity. These consist of accounts receivable, cash and cash equivalents, accounts payable, other current liabilities, ac- . crued expenses and liabilities to credit institutions
Slide 17: Definitions of alternative performance measures
Definitions of alternative performance measures Profitability Definition Reason for using the measure Net sales growth, % Percentage change in Net sales compared with the The measure is used to monitor progress of the Group’s previous period’s Net sales operations between different periods EBITDA Pr
Slide 18: Alternative Performance Measures
Alternative Performance Measures Alternative performance measures are used to describe the progress of operations and increase comparability between periods. They are not defined using the IFRS regulatory framework but rather correspond to the Group Management’s and Board’s measures of the Company’s
Slide 19: Contact
Contact Sivers Semiconductors AB (publ) Org.nr. 556383-9348 Investor Relations ir@sivers-semiconductors.com Telefon: 08-703 68 00 Sivers Semiconductors AB Torshamnsgatan 48 164 40 Kista Financial calendar Annual General Meeting 2026 15 June 2026 Interim report Jan-Jun 2026 6 August 2026 Interim repo