Tallinna Vesi As Class A · OMXTSE:TVE1T
Tallinna Vesi As Class A — AS Tallinna Vesi — Q2 2026 Earnings Presentation
13 slides from Tallinna Vesi As Class A's earnings presentation, Jul 31, 2026
Slide 1: Results for the 2nd quarter of 2026
Results for the 2nd quarter of 2026 31 July 2026
Slide 2: Presenters
Presenters Aleksandr Timofejev Taavi Gröön CEO CFO Member of the Management Board Member of the Management Board
Slide 3: million in sales dividend payout million investments tap water quality
=~ @ ° A €18.61 €114 €1656 100% million in sales dividend payout million investments tap water quality into assets Mil = 900 ss OO 000 1 3241 100% 91% work accidents MWh CHP energy wastewater effluent of all customers have a production quality smart meter
Slide 4: Investment projects
Investment projects Investments into network • We have reconstructed and built 17.8 km´s of pipeline in 6 months, and 27% of it was reconstructed by trenchless method. • Ongoing projects: reconstruction of Rävala Bvld, Laikmaa and Maakri Streets, Tammsaare Rd, Paldiski Rd and Järvevana Rd. Construct
Slide 5: Operations update
Operations update Tap water quality Leakage rate Q2: 100% (2025: 100%) Q2: 13.5% (2025: 12.5%) Effluent Average duration of water interruption Q2: 100% compliant (2025: 100%) per property Q2: 1 h 46 m (2025: 2 h 15 m) Customer satisfaction Rehabilitation of networks Q2: 3.8 of 5 (2025: 4.0) Q2: 13.0
Slide 6: Water and wastewater volumes (m³ million)
Water and wastewater volumes (m³ million) • YTD private customer volumes increased by 0.9% compared to the same period in 2025. • YTD business customer volumes in the main service increased by 1.7% compared to the same period in 2025. • YTD volumes of customers outside the service area increased by
Slide 7: Water and wastewater revenues (€ million)
Water and wastewater revenues (€ million) • YTD sales to private customers in the main service area increased by 9.4% to €16.6 million compared to the same period in 2025. • YTD sales to business customers decreased by 0.5% to €8.3 million compared to the same period in 2025. • YTD sales to customer
Slide 8: Total costs of goods sold Q2 2026 (€ million)
Total costs of goods sold Q2 2026 (€ million) • Total direct production costs Direct production costs remained broadly stable year- on-year, decreasing by 0.9% (€0.02 million) compared to the same period in 2025. • Staff costs increased by 6.1%. • Depreciation increased by 12.6%. • Construction serv
Slide 9: Financial highlights Q2 2026 (€ million)
Financial highlights Q2 2026 (€ million) • Net profit in Q2 2026 was a loss of €0.1 million, a decrease of €1.5 million compared with Q2 2025. • YTD net profit was €4.2 million and was in line with the annual business targets. • Q2 sales revenue decreased by 4.1% to €18.6 million compared with the c
Slide 10: Cash position
Cash position • Compared to the end of the previous quarter, the cash balance decreased by €7.6 million, due to investing activities, which exceeded the positive operating cash flow generated during the quarter. • Investing activities reduced the cash balance by €13.1 million. Tangible assets amount
Slide 11: Investments
Investments • Investments capitalised on the balance sheet totalled to €16.56 million in Q2 2026. • An estimated 81% of 2026 YTD investments will be included in the Regulated Asset Base (RAB). • The RAB is reviewed as part of the water price approval process. • Stormwater network development is fina
Slide 12: Q&A session
Q&A session Operational questions IR & financial questions Aleksandr Timofejev Taavi Gröön CEO CFO Member of the Management Board Member of the Management Board
Slide 13: Thank you!
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