Betolar Oyj · OMXHEX:BETOLAR
Betolar Oyj — Q4 2025 Earnings Presentation
19 slides from Betolar Oyj's earnings presentation, Feb 5, 2026
Slide 1: Betolar: Transforming the World of Mining & Metals
BETOLAR Transforming The World of Mining & Metals
Slide 2: Record High Order Intake
Record High Order Intake Betolar Q4/2025 Financial Statements Release Helsinki, February 5, 2026
Slide 3: Disclaimer
3 Disclaimer Certain statements in this presentation may constitute forward-looking statements. These statements relate to future events or Betolar’s future financial performance that involve known and unknown risks, uncertainties and other factors that may cause Betolar’s or its businesses’ actual
Slide 4: Agenda
4 Agenda 1. Q4/2025 highlights 2. Financial review 3. Q&A Tuija Kalpala Mikko Wirkkala President & CEO CFO
Slide 5: Main events & after the period
5 Main events & after the period 01 02 03 04 05 Major order for Trading on OTCQX Growing Sidestream Metal Extraction Amir Wafin joined the infrastructure project started business proof-of-concept Management Team Betolar received an order Trading in Betolar’s shares Slag (GGBFS) sales Focusing on com
Slide 6: Highlights
6 Highlights Market Betolar operates in growing global markets where demand for low-carbon, high-performance materials and alternative binders is increasing. Despite long approval and adoption cycles, the company’s expanding presence in mining, industrial sidestreams, and infrastructure strengthens
Slide 7: Mining & Metals
7 • We advanced multiple customer projects delivering low-carbon and cement-free shotcrete and rockfill solutions in Finland, Mining & Canada and Australia to meet growing demand for sustainable mining practices Metals • Focus on commercialization of our proprietary metal extraction technology and d
Slide 8: Construction & Infrastructure
8 Construction & • We shifted our focus more towards Infrastructure infrastructure construction, where growing investments and sustainability requirements are driving demand • We secured an approx. €1.4M order for a major Finnish infrastructure project to test and validate our innovation as part of
Slide 9: Industrial Sidestreams
9 • Betolar expanded its industrial sidestream business by strengthening international procurement and logistics Industrial • Slag (GGBFS) sales in India continued to grow, we also built the first full slag supply chain in Sidestreams • Finland New research initiatives were advanced, including a joi
Slide 10: Betolar delivers ground granulated blast furnace slag from Hamina (FI)
10 Operations: Local distribution & deliveries hub Betolar delivers ground granulated blast furnace slag from Hamina (FI) Betolar operates a scalable GGBFS (SCM) supply and logistics platform serving industrial customers • Bulk handling of GGBFS (SCM): Established capability for bulk receiving, stor
Slide 11: Major Finnish infrastructure project to test and validate our innovation
11 Infrastructure Major Finnish infrastructure project to test and validate our innovation We received an approx. €1.4M order for a major infrastructure project as part of a larger multi-phase program • Betolar received an approx. €1.4M order for the first phase of a Finnish infrastructure project,
Slide 12: Financial review
12 Financial review Mikko Wirkkala CFO
Slide 13: Year 2025 Financial Highlights
Year 2025 Financial Highlights Net sales EBITDA Order intake +24% € +2.1 M € 2.3 M From 2024 Improvement from in 2025 2024
Slide 14: Financial and operational Indicators
14 Financial and operational Indicators Financial indicators Q4 / 2025 Q4 / 2024 H2 / 2025 H2 / 2024 2025 2024 (EUR thousand, unless otherwise specified) Net sales 311 210 529 486 946 762 Gross margin 416 347 724 564 EBITDA -617 -1,193 -1,587 -2,167 -3,709 -5,816 Operating profit (loss) -2,716 -3,29
Slide 15: Financial position and outlook
15 Financial position and outlook • Cash Balance €6.7 million at the end of the period • €712 thousand remaining of Business Finland’s grant, €254 thousand remaining related to other grants • Liquidity and undrawn grants amount to €7.7 million, combining cash and outstanding grants Guidance for year
Slide 16: Business and Financial Targets
16 Business and Financial Targets Business targets for the coming years (2026-2028): • Implementation of proof of concept for Metal Extraction Technology and scaling it to an industrial level using slags from the metal industry and tailings from the mining industry • Securing commercial agreements r
Slide 17: BETOLAR
BETOLAR
Slide 18: Thank you for your interest!
Thank you for your interest! Next events: 5 February, 2026 OTCQX Small Cap Growth Conference 16:30 EET (9:30 ET) 18 March, 2026: Annual General Meeting 23 April, 2026: Business Review Q1/2026
Slide 19: Betolar: Transforming the World of Mining & Metals
BETOLAR Transforming The World of Mining & Metals