Slide 1: Kempower Half Year Financial Report 2026
Kempower Half Year Financial Report 2026 23 July 2026
Slide 2: Disclaimer
2 Disclaimer This presentation contains forward-looking statements based on current expectations, estimates, projections, and assumptions regarding future events and financial performance. These statements involve known and unknown risks and uncertainties that may cause actual results, performance,
Slide 3: Today's speakers
3 Today’s speakers Bhasker Kaushal Jukka Kainulainen Chief Executive Officer Chief Financial Officer
Slide 4: Q2 and H1 2026 highlights: Broadening revenue growth with sequential gross margin improvement
4 Q2 and H1 2026 highlights: Broadening revenue growth with sequential gross margin improvement Q2 key figures Broadening revenue growth • Q2 revenue +10% and H1 +28% y/y 10% 54% • North America up +54% (+106% in H1), Aftermarket +35% (+40% in H1) growth in revenue growth in North America revenue Gr
Slide 5: Q2 2026 financial highlights
5 Q2 2026 financial highlights Order intake Revenue Profitability Cash Flow and Liquidity 14 new customers acquired Continued momentum in Q2, Q2 operative EBIT EUR -1.9m (-2.8%), Working capital temporarily with solid growth of +28% in H1 broadly stable versus last year impacted by higher receivable
Slide 6: Market update: Registrations & DC charging growth in Europe vs. North America
6 Market update: Registrations & DC charging growth in Europe vs. North America New BEV registrations 1 New public DC fast charging Market developments (Passenger cars, million units) installations • CPO consolidation accelerating • CPO focus on high utilization and -14% +11% 27,894 profitability vs
Slide 7: Europe: Continued diversification, +9% growth VPY outside Nordics
7 Europe: Continued diversification, +9% growth VPY outside Nordics Order intake Revenue Key customer wins/highlights • Strong growth in several key markets, • Solid growth in Europe outside of APM Terminals e.g. France and Germany Nordics A global framework agreement signed for the supply of chargi
Slide 8: North America: Strong revenue growth, order intake moderated by timing
8 North America: Strong revenue growth, order intake moderated by timing Order intake Revenue Key customer wins/highlights • Timing of orders moderated order intake • Strong revenue growth across Public Blink Charging Co expansion in Q2, resulting in shift of orders Charging and Fleet customers Expa
Slide 9: Strategic priorities: Continued strong progress
9 Strategic priorities: Continued strong progress Winning with customers Technology leadership Lifecycle solutions Operational excellence through innovation ▪ 14 new customers acquired ▪ Mega Satellite Flex: First ▪ Improved service levels to ▪ Product cost reduction program during the quarter dispe
Slide 10: Latest addition to product portfolio: Mega Satellite Flex charger
10 Latest addition to product portfolio: Mega Satellite Flex charger What it is? • Supports charging with either high-power CCS (up to 560 kW) or MCS (up to 1.2 MW) • Compatible with new and existing distributed charging systems • Available for sale now Customer benefit • Serves both CCS and MCS veh
Slide 11: Productivity and cost focus: Product cost reduction program on-track, launching fixed cost base streamlining
11 Productivity and cost focus: Product cost reduction program on-track, launching fixed cost base streamlining 1 Product cost reduction 2 Fixed cost streamlining • Target and achievement: Gross margin impact Objective 2026 Target EUR 10+ million • Streamlining overhead cost base to align with curre
Slide 12: Q2 2026 Financials
Q2 2026 Financials Photo: Posti’s high-power electric truck charging at Plugit’s MCS charging site at KotkaHamina, Finland. .
Slide 13: Key figures
13 Key figures EUR million Q2/2026 Q2/2025 Change H1/2026 H1/2025 Change 2025 Comments Order backlog 137.8 116.4 18% 137.8 116.4 18% 141.3 • Order intake decreased due to timing of Order intake 69.8 74.3 -6% 138.8 133.7 4% 303.5 orders – H1 order intake up +4% Revenue 68.6 62.2 10% 135.5 105.7 28% 2
Slide 14: Order intake: Q2 order intake decreased due to timing of orders; H1 up 4% y/y
14 Order intake: Q2 order intake decreased due to timing of orders; H1 order intake up 4% y/y Order intake per quarter (EURm) Order intake split per area (%) Comments H1 2025: H1 2026: +4% 100% 4% • Q2 order intake impacted by timing, EUR 133.7m EUR 138.8m 7% y/y 90% 15% with some orders shifting –
Slide 15: Revenue: Growth outside of the Nordics
15 Revenue: Growth outside of the Nordics Revenue per quarter (EURm) Revenue split per area (%) Comments H1 2025: H1 2026: +28% 100% 4% • Revenue growth 10% in Q2 and 28% EUR 105.7m EUR 135.5m y/y 9% 90% 12% in H1 80 73.7 17% 71.9 80% 66.8 68.6 70 62.2 70% • Growth fastest outside of the 60 60% 50%
Slide 16: Profitability: Gross profit margin up sequentially but operative EBIT margin flat
16 Profitability: Gross profit margin up sequentially (q/q) but operative EBIT margin flat Gross profit and gross margin Operative EBIT and operative EBIT Comments (EURm and %) margin (EURm and %) 40 60% 2 0.2% 2% • Gross profit margin increased 1.9% 35 49.5% 50.6% 1 0% units from Q1 26 but decrease
Slide 17: Cash flow and liquidity: Liquidity remains solid
17 Cash flow and liquidity: Liquidity remains solid Cash flow from operating activities Liquidity1 Comments (EURm) (EURm) 25 140 133 128 126 • Cash flow from operating activities 21 20 120 119 decreased mainly driven by the 16 120 115 114 114 108 108 15 12 99 101 102 negative change in net working 1
Slide 18: Q2 2026 Summary
Q2 2026 Summary Photo: Repsol’s public charging site at Venturada, Madrid, Spain.
Slide 19: Kempower's outlook for 2026 (specified)
19 Kempower’s outlook for 2026 (specified) Kempower expects: • 2026 revenue is expected to grow between 10%-25% compared to year 2025, assuming no major impact from foreign currency exchange rates (revenue 2025: EUR 251.3 million). [Previously: 2026 revenue is expected to grow between 10%-30% compar
Slide 20: Summary
Summary Broadening Strong progress Improving growth on strategic margin and cost priorities architecture • Revenue +10% in Q2 • 14 new customers • Gross profit margin and +28% in H1 added in Q2 improved sequentially (vs. Q1), • North America +54% • Mega Satellite Flex reflecting benefits of (+106% i
Slide 21: Q&A
Q&A Photo: Posti’s high-power electric truck loading cargo at Kempower’s Lahti 2 factory, Finland.
Slide 22: kempower.com
kempower.com Kempower and ChargEye are trademarks of Kempower Oyj, registered in the U.S. and other countries and regions.