Slide 1: Financial Report Q2 and H1
FINANCIAL REPORT Q2 AND H1 1 April-30 June 2025 and 1 January-30 June 2025 SECOND QUARTER SECOND QUARTER SECOND QUARTER REVENUE INCREASED BY EBITDA (adj.) INCREASED TO FREE CASH FLOW 45% TO 95.9 M.SEK (65.9) 9.1 M.SEK (-0.5) -45.1 M.SEK (6.6) FIRST HALF-YEAR FIRST HALF-YEAR FIRST HALF-YEAR REVENUE I
Slide 2: Growing with confidence
Words from the CEO Words from the CEO Growing with confidence Dear Reader, The small satellite market continues to gain momentum. Fulfilling this order required early investment in scaling Governments are increasingly turning to space to capacity — including the ramp-up of production and strengthen
Slide 3: Key growth markets with GomSpace as a trusted partner
Key growth markets with GomSpace as a trusted partner Maritime domain awareness Monitoring territorial waters, Exclusive Economic Zones (EEZs), and securing maritime trade routes. 📡 Secure communications & commercial constellations Enabling sovereign, high-security networks for governments and…
Slide 4: Satellite Products and Satellite Projects
OUR CORE TECHNOLOGY GomSpace pre-engineered products are the essential building blocks that underpin every space Satellite Products mission. Our comprehensive suite encompasses a wide range of core functionalities, including power, communication, computing, and attitude control. OUR CORE TECHNOLOGY
Slide 5: Financial Summary
Financial Summary FINANCIAL SUMMARY Q2 H1 T.SEK 2025 2024 ▲% 2025 2024 ▲% Order intake 257,799 199,233 29% 315,184 256,345 23% Revenue 95,900 65,935 45% 184,703 116,097 59% EBITDA (adjusted) 9,100 -473 20,424 -16,141 EBITDA (adjusted) as percentage of revenue 9% 1% 11% -14% Warrants and other adjust
Slide 6: Financial Performance
Financial Summary FINANCIAL PERFORMANCE Business Units T.SEK Programs Products North America Total Order backlog 1 January 2025 302,935 53,034 6,722 362,691 Currency adjustment -3,889 -1,196 -541 -5,626 Order intake 4,815 43,966 8,604 57,385 Cancelled orders 0 0 0 0 Converted to revenue -49,148 -32,
Slide 7: Cash flow
Financial Summary Cash flow received additional liquidity from its main shareholder. In the second quarter, our free cash flow (the sum of As part of the agreement, the main shareholder assumed cash flow from operating and investing activities) was the existing EIB loan on unchanged terms and utiliz
Slide 8: Workforce and 2025 Expectations and Assumptions
Financial Summary WORKFORCE AVERAGE FULL TIME EMPLOYEES EMPLOYEES Q2, 2024 Q3, 2024 Q4, 2024 Q1, 2025 Q2, 2025 Programs Business Unit 52 35% 56 35% 64 37% 60 33% 72 36% Products Business Unit 65 44% 76 44% 75 43% 76 43% 79 40% North America Business Unit 5 3% 5 3% 5 3% 6 3% 7 4% General & Administra
Slide 9: Transforming space capabilities into operational impact
Financial Statements Transforming space capabilities into operational impact GomSpace is redefining how nations and industries leverage space, delivering scalable, secure, and high-performance small satellite solutions. With nearly 20 years of flight heritage, a strong order backlog, and a clear pat
Slide 10: Group - Key Figures and Ratios
Financial Statements GROUP - KEY FIGURES AND RATIOS Q2 H1 T.SEK 2025 2024 2025 2024 KEY FIGURES Revenue 95,900 65,935 184,703 116,097 EBITDA (adjusted) 9,100 -473 20,424 -16,141 EBITDA 7,018 -1,777 15,743 -18,100 Operating profit (EBIT) -682 -8,356 113 -30,555 Warrants, fair value adjustment -26,745
Slide 11: Interim Condensed Consolidated Statement of Profit or Loss
Financial Statements INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2025 Q2 H1 T.SEK Note 2025 2024 2025 2024 Revenue 3 95,900 65,935 184,703 116,097 Cost of goods sold -61,328 -24,701 -113,404 -58,359 Gross profit 34
Slide 12: Interim Condensed Consolidated Statement of Financial Position
Financial Statements INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Jun 30 Dec 31 T.SEK Note 2025 2024 2024 ASSETS Completed development projects 78,230 7,469 66,915 In process development projects 5,849 84,389 20,201 Other intangible assets 4,791 359 434 Intangible assets 88,870 92,
Slide 13: Interim Condensed Consolidated Statement of Financial Position
Financial Statements INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION Jun 30 Dec 31 T.SEK Note 2025 2024 2024 EQUITY AND LIABILITIES Share capital 9,847 9,847 9,847 Share premium 769,102 769,102 769,102 Translation reserve 7,140 10,931 10,268 Retained earnings -797,975 -720,839 -766,47
Slide 14: Consolidated Statement of Changes in Equity
Financial Statements INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2025 Share Share Translation Retained Total T.SEK capital premium reserve earnings equity Equity 01.01.2024 9,847 769,102 17,921 -687,085 109,785 Profit (loss) for the period 0 0 0 -34
Slide 15: Consolidated Statement of Cash Flows
Financial Statements INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2025 H1 T.SEK Note 2025 2024 Profit (loss) before tax -37,180 -34,759 Reversal of financial items 37,305 7,229 Depreciation, amortization and impairments 15,208 18,013 Non-cash items -30,483
Slide 16: EU investment in Space & Defense
EU investment in Space & Defense A supportive growth environment aligning with GomSpace's strategic focus Recent European initiatives underscore a commitment to enhancing sovereign capabilities, and the European Commission has outlined substantial investments in space, security, and defense, aiming
Slide 17: Notes: Accounting policies
Notes to Financial Statements Notes 1. Accounting policies This note provides a list of the material accounting and applicable part of the Swedish Annual Accounts Act. policies adopted to prepare these interim condensed The parent company applies the Swedish Annual consolidated financial statements.
Slide 18: Significant accounting judgements, estimates and assumption
Notes to Financial Statements 2. Significant accounting judgements, estimates and assumption In preparing the interim condensed consolidated The accounting estimates and judgments are the financial statements, management makes various same in the interim condensed consolidated financial accounting e
Slide 19: Revenue and order backlog
Notes to Financial Statements 3. Revenue and order backlog Business Units North T.SEK Programs Products America Total JAN-JUN 2025 GEOGRAPHICAL Sweden 0 21 0 21 Denmark 2,680 1,737 0 4,417 France 51,250 18,079 0 69,329 Germany 22,845 4,961 0 27,806 Europe (excl. Sweden, Denmark, France and Germany)
Slide 20: Revenue and order backlog (continued)
Notes to Financial Statements 3. Revenue and order backlog (CONTINUED) Business Units North T.SEK Programs Products America Total JAN-JUN 2025 ORDERBOOK Order backlog 1 January 2025 302,935 53,034 6,722 362,691 Currency adjustment -6,717 -2,160 -711 -9,590 Order intake 233,849 66,759 14.575 315.184
Slide 21: Share-based payment
Notes to Financial Statements 4. Share-based payment In 2023, the Board of Directors of GomSpace Group AB In the consolidated financial statements of the Group, obtained approval to implement a share-based incentive the cost is recognised within administrative costs, program (equity-settled warrants
Slide 22: EIB loan and warrants
Notes to Financial Statements 5. EIB loan and warrants Fair value measurement The warrants are initially and subsequently measured at The loan is initially recognised at fair value minus fair value with fair value movements presented in either directly attributable transaction costs and subsequently
Slide 23: Parent Company Statement of Profit or Loss
Notes to Financial Statements 7. Parent Company INTERIM CONDENSED STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED 30 JUNE 2025 Q2 H1 T.SEK Note 2025 2024 2025 2024 Revenue 0 0 0 0 Gross profit 0 0 0 0 Sales, general & administrations costs -1,012 -2,634 -1,363 -6,070 EBIT -1,012 -2,634 -1,363 -
Slide 24: Parent Company Statement of Financial Position
Notes to Financial Statements 7. Parent Company (CONTINUED) INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION Jun 30 Dec 31 T.SEK Note 2025 2024 2024 ASSETS Investments in subsidaries 335,784 280,513 335,784 Total financial fixed assets 335,784 280,513 335.784 Total non-current assets 335,784 280,51
Slide 25: Parent Company Statement of Financial Position
Notes to Financial Statements 7. Parent Company (CONTINUED) INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION Jun 30 Dec 31 T.SEK Note 2025 2024 2024 EQUITY AND LIABILITIES Restricted Equity: Share capital 9,847 9,847 9,847 Total ristricted equity 9,847 9,847 9,847 Free equity: Share Premium 792,509
Slide 26: Key ratios definitions
Notes to Financial Statements Key ratios definitions Gross margin gross profit The gross margin shows the total sales revenue the group retains after incurring the direct costs associated with revenue production. earnings before interest, tax, depreciation and amortisation The EBITDA shows the group
Slide 27: Key ratios
Notes to Financial Statements Key ratios Reconciliation of consolidated alternative key figures Q2 H1 T.SEK 2025 2024 2025 2024 Gross profit 34,572 41,234 71,299 57,738 Net revenue 95,900 65,935 184,703 116,097 Gross margin 36% 63% 39% 50% EBITDA (adjusted) 9,100 -473 20,424 -16,141 Net revenue 95,9
Slide 28: Financial Calendar and Company Information
Notes to Financial Statements FINANCIAL CALENDAR Q3, 2025 Trading Statement 6 november 2025 Full-year report 2025 19 february 2026 COMPANY INFORMATION GomSpace Group AB Ulls Väg 29A SE-756 51 Uppsala Org.nr. 559026-1888 AUDITORS Municipality of reg. office Stockholm KPMG AB Telephone +45 71 741 741
Slide 29: Management statements
Management Financial Statements statements Management statements The Board of Directors and the Chief Executive Officer certify that this Interim Report presents a true and fair view of the Group's and the parent company's assets, liabilities and financial position on 30 June 2025 and of the results
Slide 30: Review Report
Review Report Review Report To the Board of Directors of GomSpace Group AB , Corp. id. 559026-1888 Introduction Conclusion We have reviewed the condensed interim financial Based on our review, nothing has come to our attention information (interim report) of GomSpace Group AB as that causes us to be
Slide 31: Financial Statements
Financial Statements GOMSPACE Q2 REPORT 2025 31
Slide 32: GomSpace offices and contact details
Financial Statements GomSpace Group AB GomSpace North America LLC Ulls Väg 29A 211 North Union Street, Suite 100 SE-756 51 Uppsala Alexandria, VA 22314 USA Global Headquarters GomSpace Luxembourg S.à r.l. GomSpace A/S 1, Boulevard du Jazz Langagervej 6 L-4370 Esch-sur-Alzette 9220 Aalborg East Luxem