Mips Ab · OMXSTO:MIPS
Mips Ab — Q3 2026 Earnings Presentation
13 slides from Mips Ab's earnings presentation, October 2025
Slide 1: Interim report Q3 January-September 2026
Interim report Q3 JA N UA RY– S E P T E M B E R 2 02 6
Slide 2: A strong quarter that validates our strategy
A strong quarter that validates our strategy • Strong sales development with +59% growth in the quarter, organic growth was +24%. YTD growth +55% and organic growth +31%. • Momentum was broad-based across all categories and geographies. Europe and North America continued to develop strongly, while A
Slide 3: Good development in Sports
Good development in Sports • Good quarter with +37% net sales growth in Sports. Adjusting for acquisition and forex, organic growth was +22%. Europe delivered solid growth, while the US market showed positive development despite softer market conditions. In Asia, the positive trend continued. • Stro
Slide 4: Moto continues to accelerate
Moto continues to accelerate • Good performance in Moto with +116% growth in the quarter. Adjusting for acquisitions and forex, organic net sales grew with +46% in the quarter. YTD growth +74% and YTD organic growth +35%. • Strong development in both the off-road and the on-road sub-category. • No c
Slide 5: Koroyd acquisition accelerates the growth in Safety
Koroyd acquisition accelerates the growth in Safety • Increased momentum in Safety after the Koroyd acquisition. Net sales growth was +396% in the quarter and adjusting for acquisitions and forex, organic net sales growth amounted to +34%. • Together with Studson, Koroyd launched the new SHK-2 indus
Slide 6: Increased investment in Quin
Increased investment in Quin • In July, Mips exercised its option to acquire an additional 5% of sensor technology company Quin, increasing its ownership from 25% to 30%. • Real-world user data is a key component of Mips’ leadership in advanced helmet product development, complementing simulation an
Slide 7: Development in our categories
Development in our categories Sports Q3 YTD Moto Q3 YTD Safety Q3 YTD Revenue SEKm 164 (120) 477 (344) Revenue SEKm 20 (9) 43 (25) Revenue SEKm 30 (6) 77 (17) Growth % 37 39 Growth % 116 74 Growth % 396 363 Organic growth %* 22 30 Organic growth %* 46 35 Organic growth %* 34 37 Q3 Interim report 202
Slide 8: Development in the third quarter
Development in the third quarter • Good development in the third quarter with increase SEKm Q3 26 Q3 25 in net sales of 59%, net sales increased 24% organically. Net sales 215 135 +59% • Gross profit increased by 55% with a gross margin of 72.3% (74.2). Gross profit 155 100 +55% • Good underlying im
Slide 9: Development first nine months
Development first nine months • Good development during the first nine months with SEKm YTD 26 YTD 25 increase in net sales of 55%, net sales increased 31% organically. Net sales 598 386 +55% • Gross profit increased by 53% with a gross margin of 72.7% (73.6). Gross profit 434 284 +53% • Good underl
Slide 10: Balance sheet and cash flow
Balance sheet and cash flow Mips Group (SEKm) Q3 26 Q3 25 FY 25 • Cash and Cash Equivalents of SEK 141m (214). Total assets 1,391 622 1,307 • Dividend payout of SEK 66m in April (SEK 2.50 per Equity 683 536 562 share). Equity ratio % 49 86 43 • RCF loan of SEK 230m. Net debt/adjusted EBITDA Liabilit
Slide 11: Summary
Summary • Strong sales development with +59% growth in the quarter, organic growth was +24%. YTD growth +55% and organic 800 100% growth +31%. 726 744 662 654 665 • Momentum was broad-based across all categories and 80% geographies. Integration of Koroyd developing well. 600 563 568 533 514 516 518
Slide 12: Q&A
Q&A 12
Slide 13: Disclaimer
Disclaimer IMPORTANT MESSAGE FROM MIPS AB This presentation has been prepared by Mips AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentati