Slide 1: Nimbus Group Q4 report
Nimbus Group Q4 report 4 February 2026
Slide 2: Today’s Presenters
Today’s Presenters Johan Inden Rasmus Alvemyr CEO CFO
Slide 3: Fourth Quarter & FY 2025 in summary
Fourth Quarter & FY 2025 in summary • Net sales Q4 amounted to 233 MSEK NET SALES EBITA (273), primarily driven by soft market in North America. MSEK MSEK, margin % 700 2500 60 6% • FY 25 net sales amounted to 1 366 MSEK (1619) 600 40 4% 2000 • Gross profit amounted to 6 MSEK (28) 500 corresponding
Slide 4: Orderbook and market environment
Orderbook and market environment ORDER BOOK ORDER BOOK • Market volumes at the lowest point in COMMERCIAL SALES, MSEK RETAIL SALES, MSEK a decade, and shows signs of stability 800 180 at this level 700 160 140 • Stable development in Europe while 600 120 North America is soft, leading to shift 500 i
Slide 5: Turn the trend in North America and improve performance
Turn the trend in North America and improve performance • Activities to turn the trend in North America: • New commercial leadership, Dave Patnaude • Review of dealer performance and business plans • Edgewater operated as a separate unit within Nimbus Group • Consolidating Nimbus WTC production to E
Slide 6: Market highlights
Market highlights • Düsseldorf boat show with record high visitor levels, Nimbus only stand and high impact in social media • Launch of the Nimbus WTC 12 series, and presentation of the Nimbus 495 Coupé • Ft Lauderdale show presenting the Nimbus 495 Flybridge for the first time in North America, and
Slide 7: Workboats & Governmental sales opportunities
Workboats & Governmental sales opportunities Nimbus Group is active in the work boat and governmental sales market, examples • MSMB200 for FMV. 400MSEK order value over 15 years • Sjövärnskåren, 10 Alukin CW850 delivered and 5 on order for 2026 delivery We are building capabilities to explore furthe
Slide 8: Key financial items Q4
Key financial items Q4 Gross Profit - Bridge 2024Q4 vs 2025Q4 30 • Restructuring costs from Finland affecting EBITA by -18 28 MSEK in quarter (whereof GP -13 MSEK and operating 25 costs -5 MSEK) -4 20 • Restructuring costs in combination with campaigns to -6 reduce inventory and cost under absorptio
Slide 9: Commercial Sales – development Q4
Commercial Sales – development Q4 • Sales drop by -21% (-41 MSEK) Net Sales Q4 (2023, 2024, 2025) 350 311 • sales & order intake down US 300 250 • Recovery in Europe with increased sales and order intake 200 197 159 156 150 • The order from FMV not included, only the pre-series 113 84 100 73 53 53 4
Slide 10: Retail Sales – development Q4
Retail Sales – development Q4 Net Sales Q4 (2023, 2024, 2025) • Sales increased by 3% to 78 MSEK 100 76 78 80 • Increased sale of own brands YoY 60 50 • Order intake down -10% and order book down -7% 40 34 30 25 24 15 18 17 22 19 20 0 Own brands Traded & used Service & Total boats accessories Order
Slide 11: Cash Flow & Net working capital
Cash Flow & Net working capital Operating Cash Flow Q3 NWC • NWC is continuing downwards YoY 0 800 47% 47% 50% 44% 44% -5 39 41% 45% • Inventory down -39 MSEK (+51) in the 11 700 39% -10 40% quarter -2 -11 600 35% 34% -15 35% 30% 30% • Operating CF in Q4 amounted to net -11 -20 -12 500 26% 30% 23% M
Slide 12: Financial targets
Financial targets Growth >10% EBITA margin 10% Capital structure - No Financial debt Dividend policy 30%
Slide 13: Q&A, Financial Calendar
Q&A, Financial Calendar Q1 Report, April 27th 2026