Slide 1: Strong revenue and significant strategic progress
Strong revenue and significant strategic progress Investor Conference Call July 17, 2026 PowerPoint template - January 2026 CEO Lars Højgård Hansen 1
Slide 2: Financial highlights
Q2 2026 Strong revenue and Financial highlights significant strategic progress Order intake Order book • Strong YoY revenue growth of 20 percent 279 SEK m -31% YoY 498 SEK m -29% YoY • Order intake impacted by temporary U.S. procurement delays Revenue Revenue, R12 513 SEK m 1,919 SEK m • No orders a
Slide 3: Continued strong sales
Q2 2026 Continued strong sales Revenue 2022-2026 +20% • Revenue 20 percent higher than Q2 2025 SEK million 800 2 500 • In comparable currencies, growth was 23 percent • Europe accounts for >70 percent of revenue 2 000 600 • Especially strong development in Sweden • U.S. sales impacted by temporary c
Slide 4: Underlying demand remains intact despite temporary U.S. delays
Q2 2026 Underlying demand Order intake 2022-2026 remains intact despite temporary U.S. delays SEK million 800 -31% 2 000 • Order intake of SEK 279m (401) • Temporary U.S. customer procurement delays 600 1 500 affected order intake • Impacts from earlier government shutdown and DoD reorganization 400
Slide 5: Order book
Q2 2026 Order book Order book 2022-2026 -29% • Order book of SEK 498 m (705) at end of quarter SEK million 1 200 1 200 • Vast majority of orders expected to be delivered in H2 2026 1 000 1 000 • Last portion of radio order from 2024 was delivered in Q2 800 800 600 600 400 400 200 200 Q2 Q3 Q4 Q1 Q2
Slide 6: Gross margin
Q2 2026 Gross margin Gross margin 2022-2026 -4 p.p. • Gross margin of 53.0 percent (56.7) in Q2 % 64 • Negative margin impact of approx. 5 percentage points from delivery of final portion of the 2024 62 radio order 60 • Growing share of new products in broader portfolio will contribute positively to
Slide 7: Moderate forward-looking investments
Q2 2026 Moderate forward- Operating expenses 2022-2026 looking investments +6% • Operating expenses totaled SEK 193 m (182), an SEK million increase of approx. 6 percent from Q2 2025 200 800 • OPEX in line with Q1 2026 • OPEX trend aligned with growth strategy and 150 600 long-term trend • Group emp
Slide 8: Margins in Q2
Q2 2026 Margins in Q2 Margins 2022-2026 +1 p.p. • Operating margin (EBIT) of 15.3 percent % (14.1), the margin improved despite the lower 35 gross margin 30 • Average EBIT margin for the last four quarters of 25 17.7 percent 20 • Group's target is for EBIT margin to exceed 20 percent over time 15 •
Slide 9: Inventory level reflecting expected sales
Q2 2026 Inventory level reflecting Inventory 2022-2026 expected sales +10% • Inventory value of SEK 337 m (306) at end of Q2 SEK million 400 • Maintaining significant inventory enables prompt delivery of large volumes, provided product configurations match customer's order 300 • Fast deliveries a si
Slide 10: Cash flow
Q2 2026 Cash flow Cash flow 2022-2026 • Cash flow for the period (Q2) of SEK –142.1 m SEK million (–37.0) 200 400 • Decrease mainly due to non-exercise of 350 employee stock options and higher dividend 150 300 payment in 2026 250 • Operating cash flow in Q2 of SEK 21.2 m (–1.6), 100 with the YoY imp
Slide 11: Operations
Know What'sNext | |NVISIO'
Slide 12: Introducing enhanced drone awareness capability in INVISIO T30
Q2 2026 Introducing enhanced drone awareness capability in INVISIO T30 • Operational advantage in the field • Enhanced ability to detect drones earlier via acoustic signals • Faster detection → more time to respond to threats • Improved situational awareness • No additional equipment required • Full
Slide 13: Direct supplier status strengthens position in UK defense market
Q2 2026 Direct supplier status strengthens position in UK defense market • INVISIO approved as direct supplier to UK MoD under Tactical Communications Systems Framework (RM6393) • Important strategic milestone in one of Europe’s largest and most important defense markets • Broad framework covering f
Slide 14: Eurosatory 2026 — focus on connectivity and integrated solutions
Q2 2026 Eurosatory 2026 — focus on connectivity and integrated solutions • Event highlighted long-term market trends driving demand in tactical communications • Strong focus on digitalization, interoperability, and network-enabled capabilities that increasingly integrate soldiers, vehicles, sensors,
Slide 15: Continued strong interest in new products and solutions
Q2 2026 Continued strong interest in new products and solutions • Continued deliveries during Q2 2026: • INVISIO T30 headset – addresses large user groups • INVISIO LinkTM – strengthens product offering around Intercom system • INVISIO H-series – enables efficient integration of multiple products an
Slide 16: Market-leading solutions with positive future prospects
Q2 2026 Market-leading solutions with positive future prospects • Entering H2 with confidence • Market conditions remain favorable • Structural drivers will support continued attractive market growth in years to come • Trajectory fully aligned with INVISIO’s strategic direction • Strong interest in
Slide 17: Appendix
Appendix
Slide 18: Condensed consolidated income statement and Data per share
Condensed consolidated income statement and Data per share consolidated statement of comprehensive income Full Full 02 Jan-Jun year a2 Jan-Jun year SEK million Note 2026 _2025 2026 2025 —~——«2025 Note 2026 2025 2026 ~—-2025~——2025 Revenue 2 5128 426.9 9433 761.7 1,737.1__ Earnings per share for the
Slide 19: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position SEK million Note Jun 30,2026 Jun 30,2025 Dec 31,2025 SEK million Note Jun 30,2026 Jun 30,2025 _ Dec 31, 2025 ASSETS SHAREHOLDERS’ EQUITY AND LIABILITIES Non-current assets Shareholders’ equity 1,169.1 1,040.1 1,173.7 Goodwill 58.5 59.2 56.3 . No
Slide 20: Condensed consolidated statement of cash flows
Condensed consolidated statement of cash flows Full Full Q2 Jan-Jun year Q2 Jan-Jun year SEK million Note 2026 2025 2026 2025 (2025 SEK millic Note 2026 2025 2026 2025 (2025 Operating activi Financing activities Profit before tax 79.4 47.2 119.2 77.4 280.9 —_ Newissue through exercise of employee st