Tekna Holding Asa · OSL:TEKNA
Tekna Holding Asa — Q1 2026 Earnings Presentation
27 slides from Tekna Holding Asa's earnings presentation, May 7, 2026
Slide 1: Q1 2026
Q1 2026 Claude Jean | Espen Schie May 7, 2026 #InvestinTekna www.tekna.com/investors The Ultimate Partner
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 provider of advanced materials for Additive Manufacturing
ABOUT TEKNA A world leading provider of advanced materials for Additive Manufacturing (AM) A global leader across two verticals [1] MATERIALS High-performance metallic powders for Additive Manufacturing in aerospace, defense, medical, ✓ Proprietary ICP technology and processes built on 30 years of s
Slide 4: Strong growth in revenue supported by sustained additive manufacturing demand
Q1 2026 HIGHLIGHTS Strong growth in revenue supported by Revenue and contribution margin development sustained additive manufacturing demand CAD million, % 9.6 9.9 10.0 9.0 8.4 8.3 58% 60% • Revenues up 19% YoY on existing and new customers in 51% 54% Aerospace & Defense and Medical 45% 41% • Adjust
Slide 5: Value creation
Leading position in materials value chain and global # 2 provider of advanced titanium powders Proprietary technology supplying the essential raw material Strong market position built over 35 years of for the shift to 3D metal printing for demanding applications technology innovation ✓ 35 years of i
Slide 6: Strategically positioned to capture accelerating demand for Additive Manufacturing
Strategically positioned to capture accelerating demand for Additive Manufacturing (AM) USD billion Shift from traditional manufacturing methods to ... accelerated by global megatrends and 8.3 3D printing for specific reasons... resource scarcity Part manufacturing Material +18% Equipment 2.9 ✓ Desi
Slide 7: AM demand accelerating across high-value end-markets
AM demand accelerating across high-value end-markets Half of revenue from aerospace and defense Defense, space and medical industries leading volume growth towards 2029 Tekna revenue 2025 split by region and industry Metal part manufacturing supplier revenue by industry , EUR million REGION INDUSTRY
Slide 8: Investment Highlights
INVESTMENT HIGHLIGHTS World-leading provider of advanced Materials and Systems has reached profitability inflection point Positioned to capture accelerating demand for Materials in Aerospace & Defense, and Medical with contribution Additive Manufacturing (AM), margins exceeding 50% particularly for
Slide 9: Materials delivers solid performance driven by aerospace, defense, medical demand
MATERIALS - ADDITIVE MANUFACTURING Materials delivers solid performance driven by aerospace, defense, medical demand Key Figures Backlog and Order intake CAD million CAD million Order intake Backlog Q1 2026 Q1 2025 YoY -6% Revenue 7.7 6.2 23.5% 18.4 18.2 16.6 17.4 17.3 Contribution margin 52.5% 56.1
Slide 10: Margin uplift and improved bookings with a strong pipeline
SYSTEMS Margin uplift and improved bookings with a strong pipeline Key Figures Backlog and Order intake CAD million CAD million Order intake Backlog Q1 2026 Q1 2025 YoY -5% Revenue 2.3 2.2 6.3% 3.0 3.1 3.1 2.7 2.8 Contribution margin 60.1% 36.5% 23.6pp 2.1 1.8 1.6 Backlog 2.8 3.0 -5.4% Order intake
Slide 11: Profitability program delivering, with continued cost discipline
TOWARDS PROFITABILITY Profitability program delivering, with continued cost discipline Sustained effects from improvement program Indirect personnel cost development (excl. restructuring costs) CAD million Efficiency program initiated in 2023 • Indirect personnel cost down 24% from peak -24% 4.5 4.3
Slide 12: Financial review
Financial review MTEKNA 12
Slide 13: Profitability driven by Materials revenue and contribution margin uplift
PROFITABILITY DEVELOPMENT Profitability driven by Materials revenue and contribution margin uplift Adjusted EBITDA CAD million +1.0 • Adjusted EBITDA improved by CAD 1.0m year-over-year to -0.2 CAD 0.2m – third consecutive positive quarter 0.5 -0.3 • Materials volume growth contributed CAD 0.5m, wit
Slide 14: Strong working capital release drives CAD 3.4m operating cash flow
CASH FLOW DEVELOPMENT Strong working capital release drives CAD 3.4m operating cash flow Cash flow CAD million Cash position strengthened by CAD 1.4m in the quarter[2] Operating CF of CAD 3.4m, driven by working capital release -0.2 0.0 • Improved EBITDA -1.6 18.8 • CAD 3.6m working capital release
Slide 15: Strengthened balance sheet supporting a fully funded business plan to 2030
FINANCIAL HIGHLIGHTS Strengthened balance sheet supporting a fully funded business plan to 2030 Q1 2026 balance sheet CAD million 12.9m Improved from CAD 9.9m at year-end on positive Net cash operating cash flow and bank loan repayment 73 73 Property, plant 21 and equipement 75% Well-capitalized to
Slide 16: On track for double-digit revenue growth to 2030
OUTLOOK On track for double-digit revenue growth to 2030 2030 target within current businesses Revenue (CAD million) and EBITDA (%) 15% - 20% Systems Materials EBITDA CAGR ▪ The observed Materials order intake and increasing customer Double-Digit order size, coupled with current market trends, suppo
Slide 17: Delivering profitability, with capacity to scale in growing market
Q1 2026 Delivering profitability, with capacity to scale in growing market World-leading provider of advanced Materials and Systems has reached profitability inflection point ▪ Third consecutive adjusted EBITDA-positive quarter - confirming the profitability inflection point Positioned to capture ac
Slide 18: Appendix
Appendix MTEKNA 18
Slide 19: Key Metrics: Quarterly (in CADm)
KEY METRICS Quarterly (in CADm) Order intake Revenue Adjusted EBITDA +1.0 16.1 11.4 11.2 +19% 0.9 -28% 11.0 9.9 10.0 0.5 12.8 9.6 0.2 9.4 9.1 8.7 3.4 0.2 3.5 9.0 12.2 4.8 8.4 8.3 1.8 2.3 2% 11.2 2.2 10.3 10.4 3.0 7.6 2.4 1.4 10.5 3.1 -22% 9.6 9.2 -41% 6.8 3.8 2.9 2.2 9.1 +24% -0.6 -0.5 2.8 3.9 7.4 1
Slide 20: Key Metrics: Trailing 12 Months
KEY METRICS Trailing 12 Months (TTM; in CADm) Order intake Revenue Adjusted EBITDA +4% 40.3 +1% 42.6 43.4 40.9 40.1 38.9 +4.7 36.8 39.4 37.2 36.9 35.4 37.2 38.5 37.6 38.6 35.6 37.3 36.3 34.7 35.6 -1% 35.5 29.1 34.6 5.5 35.8 33.2 -0.4 30.8 4.3 15.215.115.013.3 7.9 18.1 19.7 7.0 29.8 10.7 9.9 8.1 7.8
Slide 21: Key Metrics: Quarterly cash flow
KEY METRICS Quarterly (in CADm) Operating cash flow Capex Free cash flow 4.9 +7.7 4.7 +8.0 3.4 3.2 0.4 +0.3 0.1 0.1 -0.6 -0.3 -0.5 -0.7 -0.2 -0.3 -0.3 -0.2 -0.9 -1.2 -1.2 -0.4 -1.4 -1.6 -2.1 -0.5 -0.8 -2.9 -3.3 -3.2 -3.3 -0.9 -1.0 9.0 -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
Slide 22: Key Metrics: Trailing 12 Months cash flow
KEY METRICS Trailing 12 Months (TTM; in CADm) Operating cash flow Capex Free cash flow +2.3 +3.7 2.3 +1.4 0.3 0.6 1.2 -0.1 0.0 -0.7 -1.3 -1.1 -3.0 -2.5 -1.5 -1.8 -1.5 -5.7 -5.4 -6.9 -7.2 9.0 -2.9 -2.5 -10.8 -12.7 -4.5 -13.3 -14.0 -5.1 -15.3 -12.9 -5.7 -5.5 25.7 22.8 23.8 25.1 -20.8 25.4 -18.1 -6.0 -
Slide 23: Consolidated Statement of Comprehensive Income
FINANCIAL STATEMENTS Consolidated Statement of Comprehensive Income CAD thousands Notes Q1 2026 Q1 2025 FY 2025 FY 2024 Revenues 3 9 953 8 359 35 576 37 166 Other Income 34 173 652 3 914 Materials and consumables used 4 554 4 093 16 613 21 165 Employee benefit expenses 3 488 4 579 15 049 16 392 Othe
Slide 24: Consolidated Balance Sheet
FINANCIAL STATEMENTS Consolidated Balance Sheet CAD thousands Notes 31.03.2026 31.03.2025 31.12.2025 31.12.2024 Non-current assets Property, plant and equipment 21 463 24 095 22 099 24 446 Intangible assets 5 776 6 806 6 018 6 962 Non-current receivables 4 105 4 096 4 107 4 085 Total non-current ass
Slide 25: Consolidated Changes in Equity
FINANCIAL STATEMENTS Consolidated Changes in Equity FY FY2024 2024 Share Non- capital and Other Notes Total controlling Total equity CAD thousands share reserves interests premium Balance at 1 January 2024 494 956 -455 405 39 552 -1 197 38 354 Profit/(loss) for the period - -11 036 -11 036 -114 -11
Slide 26: Consolidated Statement of Cash Flows
FINANCIAL STATEMENTS Consolidated Statement of Cash Flows CAD thousands Notes Q1 2026 Q1 2025 FY 2025 FY 2024 Cash flow from operating activities Net profit/(loss) -1 570 -3 779 -11 048 -11 150 Depreciation, amortization and impairment 1 109 1 139 4 866 4 021 Variation in deferred taxes - - -1 254 4
Slide 27: Advancing the world with sustainable material solutions, one particle at a time
Advancing the world with sustainable material solutions, one particle at a time… www.tekna.com/investors #InvestinTekna 27