Slide 1: Interim report Q2 January–June 2026
Interim report Q2 JA N UA RY– J U N E 2 02 6
Slide 2: Strong development in the quarter
Strong development in the quarter • Strong sales development with +72% growth in the quarter, organic growth was +42%. YTD growth +53% and organic growth +35%. • Strong momentum in all categories and all geographies. Continued strong performance in Europe. US growth helped by the acquisition and sof
Slide 3: Good development in Sports
Good development in Sports • Good quarter with +51% net sales growth in Sports. Adjusting for acquisition and forex organic growth was +40%. Good growth in the European market, positive development in the softer US market and Asia is coming back to growth after a softer period. • Strong performance
Slide 4: Continued growth in Moto
Continued growth in Moto • Good performance in Moto with +80% growth in the quarter. Adjusting for acquisitions and forex, organic net sales grew with +56% in the quarter. YTD growth now +49% and YTD organic growth +28%. • Motocross remains key driver but encouraging that the hard work is beginning
Slide 5: Koroyd acquisition accelerates the growth in Safety
Koroyd acquisition accelerates the growth in Safety • Increased momentum in Safety after the Koroyd acquisition. Net sales growth was +604% in the quarter and adjusting for acquisitions and forex organic net sales growth amounted to +80%. • Mips announced entry into firefighting helmets with Dräger,
Slide 6: Development in our categories
Development in our categories Sports Q2 YTD Moto Q2 YTD Safety Q2 YTD Revenue SEKm 189 (125) 313 (225) Revenue SEKm 10 (6) 23 (16) Revenue SEKm 33 (5) 47 (11) Growth % 51 39 Growth % 80 49 Growth % 604 342 Organic growth %* 40 35 Organic growth %* 56 28 Organic growth %* 80 39 Q2 Interim report 2026
Slide 7: Development in the second quarter
Development in the second quarter • Good development in the second quarter with SEKm Q2 26 Q2 25 increase in net sales of 72%, net sales increased 42% organically. Net sales 232 135 +72% • Gross profit increased by 71% with a gross margin of 74.1% (74.2). Gross profit 172 100 +71% • Good underlying
Slide 8: Development first six months
Development first six months • Good development during the first six months with SEKm YTD 26 YTD 25 increase in net sales of 53%, net sales increased 35% organically. Net sales 382 251 +53% • Gross profit increased by 52% with a gross margin of 72.9% (73.2). Gross profit 279 184 +52% • Good underlyi
Slide 9: Balance sheet and cash flow
Balance sheet and cash flow Mips Group (SEKm) Q2 26 Q2 25 FY 25 • Cash and Cash Equivalents of SEK 187m (214). Total assets 1,363 594 1,307 • Dividend payout of SEK 66m in April (SEK 2.50 per Equity 621 502 562 share). Equity ratio % 46 85 43 • RCF loan of SEK 300m. Net debt/adjusted EBITDA Liabilit
Slide 10: Summary
Summary • Good development in the quarter with +72% net sales growth and 42% organic growth. YTD growth at +53% with organic growth +35%. 800 100% 726 • Growth in all three categories and all regions. Strong 662 654 665 performance in Europe, the North American market continues 80% 600 563 568 to de
Slide 11: Q&A
Q&A 11
Slide 12: Disclaimer
Disclaimer IMPORTANT MESSAGE FROM MIPS AB This presentation has been prepared by Mips AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentati