Slide 1: Mips' presentation of the Q4 Year-end report 2025
11 February 2026 Mips’ presentation of the Q4 Year-end report 2025 1
Slide 2: Key highlights
Key highlights • Strong development with +18% organic growth in the fourth quarter. Growth in all categories despite challenging conditions. YTD organic growth +21%. • The good momentum in Europe continued and in line with our ambition. US sales developed well, despite challenging consumer market. •
Slide 3: Mips Group's acquisition of KOROYD - Summary
Mips Group’s acquisition of KOROYD - Summary • Mips’ strategy is built on three pillars and the KOROYD acquisition strengthens 2 out of 3: • Grow our existing business of rotational protection solutions in helmets for Sports, Moto and Safety categories. • Capture new opportunities within helmet safe
Slide 4: KOROYD transaction
KOROYD transaction • The purchase price amounts to EUR 40 million on a cash and debt-free basis corresponding to a multiple of 8x Adjusted 2025 EBITDA. • In addition, the sellers have the possibility of an additional earn-out of up to EUR 25 million, corresponding to a total multiple of 13x Adjusted
Slide 5: Great development in Mips' sustainability journey
Great development in Mips’ sustainability journey • Good development of the sustainability program. Mips ranked 1 in Carnegie’s sustainability rankings within Consumer goods. AAA rated at MSCI and top-rated as SME at CDP. • Continued reduction of emissions during the year. We have now delivered 49%
Slide 6: Sports – progress continues
Sports Sports Sports – progress continues • Good quarter with +17% organic net sales growth in Sports. Strong growth in the European market, good growth in the challenging US market, Asia still challenged by macro situation. YTD organic net sales growth at 20%. • Strong performance in bike continues
Slide 7: Good development in Moto
Moto Good development in Moto • Good performance with +32% organic net sales growth in Moto in the quarter. YTD organic net sales growth amounting to +22%. Good development in both off- and on-road sub-category. • We do see that volumes are coming back in Moto after a challenging period and impact o
Slide 8: Well positioned for ongoing growth in Safety
Safety Well positioned for ongoing growth in Safety • In Safety we saw organic net sales growth of +41% in the quarter. YTD organic net sales growth amounting to +42%. • Performance impacted by implementation of tariffs and related cost increases, with delays in ordering. Good underlying in-market p
Slide 9: Development of net sales in our categories
CATEGORIES Development of net sales in our categories SPORTS MOTO SAFETY Sports Q4 FY Motorcycle Q4 FY Safety Q4 FY Revenue SEKm 134 (133) 478 (437) Revenue SEKm 6 (5) 31 (28) Revenue SEKm 7 (6) 23 (18) Growth % 1 10 Growth % 14 11 Growth % 22 29 Organic growth %* 17 20 Organic growth %* 32 22 Organ
Slide 10: Development in the fourth quarter
FINANCIAL PERFORMANCE Development in the fourth quarter SEKm Q4 25 Q4 24 • Good development in the fourth quarter with increase in net sales of 2%, adjusting for FX, net sales increased 18% organically. Net sales 147 144 2% • Gross profit increased with 2%. Good gross margin of 72.9% (72.9). Gross p
Slide 11: Development for the full year
FINANCIAL PERFORMANCE Development for the full year SEKm FY 25 FY 24 • Net sales during the full year increased with 10%, adjusting for FX, net sales increased 21% organically. Net sales 533 483 10% • Gross profit increased with 12%. Gross margin of 73.4% (72.5), Gross profit 391 350 12% increase ma
Slide 12: Balance sheet, and cash flow
Balance sheet, Cash flow from operating activities (SEKm) and cash flow • Cash and Cash Equivalents of SEK 214m (382). • During December 2025 Mips obtained a Q4 Q4 FY FY Mips Group (SEKm) 25 24 25 24 RCF loan of SEK 300m to finance the acquisition of KOROYD. Total assets 1,307 739 1,307 739 Cash & E
Slide 13: Summary
Summary • Good development in the quarter with 18% organic net sales growth. We did grow in all three categories, despite challenging conditions. Good performance also YTD with 21% organic growth. • We do expect the positive development to continue, with less hampering effects from tariffs. • Exciti
Slide 14: Mips Safety for helmets
Mins Safety for helmets
Slide 15: 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