Tekna Holding Asa · OSL:TEKNA
Tekna Holding Asa — Q4 2025 Earnings Presentation
25 slides from Tekna Holding Asa's earnings presentation, Feb 12, 2026
Slide 1: Q4 2025 Interim Presentation
WEBCAST Q4 2025 Interim Presentation February 12, 2026 #InvestinTekna www.tekna.com/investors
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements concerning Tekna Group's business, financial performance, and the industries and markets in which it operates. These statements, which are not historical facts, may be identified by terms such
Slide 3: A world leading position in plasma technology and advanced materials to additive manufacturing
A world leading position in plasma technology and advanced materials to additive manufacturing INDUCTIVELY COUPLED PLASMA (ICP) 1990s 2000s 2010s 2020s TEKNA IS BASED ON A CORE OF LEADING ICP COMPETENCES AND ASSETS Development of ICP and PlasmaSonic Systems Started the sales of micron World-leading
Slide 4: Profitability inflection point reached after years of investment
Word-leading provider of advanced Materials and Systems has reached profitability inflection point Positioned to capture accelerating demand for Materials in Additive Manufacturing (AM) with Profitability inflection point reached contribution margins exceeding 50% after years of investment in produc
Slide 5: Continued margin expansion driven by record high materials performance
Continued margin expansion driven by Revenue and contribution margin development CAD million, % record high materials performance 9.6 9.9 9.0 8.4 8.3 7.6 Key highlights from the fourth quarter 2025 58% 60% 51% 45% Revenue increase of 2% compared to the same period last year 46% 41% with Materials
Slide 6: Record performance in Materials
MATERIALS ADDITIVE MANUFACTURING Record performance in Materials Revenue and Margins Backlog and Order intake +46% Key Figures (CADm) 18.4 18.2 (CADm) Backlog 17.4 16.6 Order intake Q4 Q4 FY FY 11.9 12.6 Materials 2025 2024 YoY ∆ 2025 2024 YoY ∆ 9.1 Backlog 17.4 11.9 45.7% - - - 7.7 7.0 +18% Order i
Slide 7: Actively targeting larger strategic customers with increasing demand for Tekna's materials
Actively targeting larger strategic customers with increasing demand for Tekna’s materials INCREASING SHARE OF LARGER STRATEGIC CUSTOMERS GROWING AVERAGE ANNUAL REVENUE PER CUSTOMER Share of revenue per customer group Revenue per customer CAD (‘000) number of customers 170 7% 8% 9% 11% 10% 153 7% 11
Slide 8: Margin uplift and improved bookings in Systems
SYSTEMS Margin uplift and improved bookings in Systems Revenue and Margins Backlog and Order intake -35% Key Figures (CADm) 4.8 (CADm) Backlog Order intake Q4 Q4 FY FY 3.0 3.1 3.1 SYSTEMS 2025 2024 YoY ∆ 2025 2024 YoY ∆ 2.7 1.9 2.1 +61% Backlog 3.1 4.8 (35.0)% - - - 1.6 Order intake 3.1 1.9 61.3% 5.
Slide 9: Execution of cost and efficiency improvement program
Execution of cost and efficiency improvement program resulting in a normalized cost level going forward Indirect personnel cost development (excluding restructuring costs) Sustained effects from improvement program CAD million Tekna continued to execute on its comprehensive profitability Efficienc
Slide 10: Financial review
Financial review MTEKNA 10
Slide 11: Profitability for the quarter YoY
Profitability for the quarter YoY Adjusted EBITDA Revenue Revenue up 2% YoY, driven by Materials performance (CADm) Materials +7% YoY, driven by aerospace and defense demand +2.3 Systems -16% YoY on the back of a low backlog -0.1 0.9 0.3 0.0 0.3 -0.2 Margins Contribution margin up to 60% from 41% Yo
Slide 12: Cash flow development for the quarter
Cash flow development for the quarter Cash flow Cash position of CAD 17.4m, up CAD 10.2m since last quarter (CADm) Operations Operations CF negative CAD 1.2m, offset by working capital release 28.5 • One-off realized FX loss and costs of CAD 0.6m related to the equity raise • Lower inventory releasi
Slide 13: Financial position at quarter end
Financial position at quarter end Robust balance sheet and funded business plan Q4 2025 BALANCE SHEET CAD million 73 73 Completed refinancing of CAD 41m (NOK 300m) in Q4 Property, plant 22 • Net proceeds from the equity raise were CAD 40m, after and equipement deducting about CAD 1m in costs Intangi
Slide 14: Outlook
Outlook 2030 TARGET WITHIN CURRENT BUSINESSES Revenue (CAD million) and EBITDA (%) Systems Materials CAGR >10% 39 The observed Materials order intake and increasing customer order 7 size, coupled with current market trends, support Tekna’s long- term ambitions of growing the top-line double-digit
Slide 15: Summary
Summary Word-leading provider of advanced Materials and Continued margin expansion in Q4 2025 following profitability Systems has reached profitability inflection point inflection point in Q3 2025 Positioned to capture accelerating demand for Record performance in Materials across revenue and gr
Slide 16: Appendix
Appendix MTEKNA 16
Slide 17: Key Metrics Quarterly (in CADm)
Key Metrics Quarterly (in CADm) Order intake Revenue Adj EBITDA +2.3 16.1 +27% 11.4 11.2 +2% 0.9 11.0 9.9 0.5 12.8 9.6 9.4 0.2 12.2 3.5 9.1 4.8 8.7 3.4 9.0 9% 11.2 2.2 8.4 8.3 1.8 10.3 10.4 3.0 7.6 2.4 1.4 10.5 3.1 +7% -22% 9.6 6.8 3.8 2.9 2.2 9.1 -0.6 -0.5 2.8 3.9 7.4 1.9 2.2 -0.8 4.8 0.4 6.4 2.1 +
Slide 18: Key Metrics Trailing 12 Months (TTM; in CADm)
Key Metrics Trailing 12 Months (TTM; in CADm) Order intake Revenue Adj EBITDA +35% 40.3 -4% 42.6 43.4 40.9 40.1 38.9 +5.5 39.4 37.2 36.9 35.4 38.5 37.6 38.6 35.6 37.3 36.8 36.3 34.7 35.6 35.5 33.2 -4% 34.6 5.5 15.215.115.013.3 18.1 19.7 30.8 7.0 4.3 29.8 10.7 9.9 7.8 -1.4 13.5 13.1 8.7 7.6 29.1 5.5
Slide 19: Key Metrics Quarterly (in CADm)
Key Metrics Quarterly (in CADm) Operating cash flow Capex Free cash flow -6.1 4.9 -6.2 4.7 0.4 -0.1 0.1 0.1 -0.6 -0.3 -0.5 -0.7 -0.2 -0.3-0.3 -0.4 -0.9 -1.2 -1.2 -1.4 -1.6 -2.1 -0.5 -0.8 -2.9 -3.3 -3.2 -3.3 -0.9 -1.09.0 -4.1 -4.4 -4.4 -1.1 -4.9 -1.2 -1.3 -5.4 -5.5 -5.3 -6.7 -1.7 25.7 25.1 25.4 22.8
Slide 20: Key Metrics Trailing 12 Months (TTM; in CADm)
Key Metrics Trailing 12 Months (TTM; in CADm) Operating cash flow Capex Free cash flow -5.4 +1.4 -3.9 0.3 0.6 -0.1 0.0 -1.5 -0.7 -3.0 -2.5 -1.3 -1.5 -1.8 -6.9 -5.7 -5.4 -2.5 -7.2 9.0-2.9 -10.8 -12.7 -4.5 -12.9 -5.1 -13.3 -14.0 -5.7 -6.0 -5.5 23.8 25.7 -20.825.1 -20.8 25.4 -15.3 -6.6 20.7 22.8 -22.9
Slide 21: Consolidated Income Statement
Consolidated Income Statement Consolidated Statement of Other Comprehensive Income Notes 2025 Q4 2024 Q4 FY2025 FY2024 Notes 2025 Q4 2024 Q4 FY2025 FY2024 Amounts in CAD 1000 Amounts in CAD 1000 Revenues 3 9 850 9 640 35 576 37 166 Items that may be reclassified to statement of income Other income 2
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Amounts in CAD 1000 31.12.2025 31.12.2024 Amounts in CAD 1000 31.12.2025 31.12.2024 Non-current assets Equity Property, plant and equipment 22 099 24 446 Share capital and share premium 537 648 497 260 Intangible assets 6 018 6 962 Other reserves -481 546 -470 723 Associat
Slide 23: Consolidated Changes in Equity
Consolidated Changes in Equity Attributable to equity holders of the Attributable to equity holders of the Company Company Share Non- Share Non- capital and Other controlling capital and Other controlling Total Total equity Total Total equity share reserves interests share reserves interests Amounts
Slide 24: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows Amounts in CAD 1000 2025 Q4 2024 Q4 FY2025 FY2024 Amounts in CAD 1000 2025 Q4 2024 Q4 FY2025 FY2024 Cash flow from operating activities Cash flow from investing activities Net profit/(loss) -2 323 44 -10 851 -11 150 Proceeds from the sales of PPE 23 4 67 4 Purcha
Slide 25: Advancing the world with sustainable material solutions
Advancing the world with sustainable material solutions, one particle at a time… www.tekna.com/investors #InvestinTekna 25