Smartoptics Group Asa · OSL:SMOP
Smartoptics Group Asa — Q1 2026 Earnings Presentation
14 slides from Smartoptics Group Asa's earnings presentation, May 7, 2026
Slide 1: Financial Presentation Q1 2026
Financial Presentation Q1 2026 May 7, 2026
Slide 2: Strong momentum and progress in large account strategy in a market growing faster than expected
Strong momentum and progress in large account strategy in a market growing significantly faster than previously expected REVENUE 2026 Change Increased market projections for coming 5+ years from Q1 22.9 MUSD +59.6% all industry analysts. Cignal AI projects a growth from 16.5 bn in 2025 to 24.7 bn in
Slide 3: Powering the ever growing demand for bandwidth with open optical solutions and innovative software
Powering the ever growing demand for bandwidth with open optical solutions and innovative software WHO WE SERVE OUR PRODUCTS Cloud & AI Optical Networking Built for Scale Connectivity backbone for Data Centers and AI infrastructure and Efficiency Open networking Disaggregated network solutions, remo
Slide 4: Q1'26 deep dive
smartoptics Q1’26 deep dive
Slide 5: All time high Q1 revenue in Americas and EMEA. APAC still project dependant
All time high Q1 revenue in Americas and EMEA. APAC still project dependant Revenue per region and quarter – Last 5 quarters MUSD Americas EMEA APAC +78% 13.9 13.3 12.3 10.8 +47% 8.6 7.8 7.8 6.1 5.3 4.9 +1% 2.0 1.2 1.4 1.3 1.2 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2025 2026 2025 2026 2025 202
Slide 6: Strong growth in all business areas, with Solutions, Software & Services leading the way
Strong growth in all business areas, with Solutions, Software & Services leading the way Revenue per business area and quarter – Last 5 quarters MUSD Solutions Devices Software & Services +72% 14.2 13.6 11.6 10.9 8.2 +47% 6.4 5.4 5.3 +35% 4.1 3.6 3.2 3.4 2.9 2.7 2.5 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1
Slide 7: Summary of Q1 financial performance
Summary of Q1 financial performance Revenue EBITDA & EBIT Operating cash flow MUSD MUSD MUSD +59.6% EBITDA EBIT 23.2 22.9 18.7 19.0 3,6 2,8 6,8 14.4 2,6 2,4 2,7 1,8 1,6 1,8 2,6 2,2 1,2 0,6 -0,5 -0,4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Gross margin and EBITDA margin Comments % 47,3 % 48,6 %
Slide 8: Strong financial position
Strong financial position Balance sheet Mar 31, 2026 Working capital development past 5 quarters MUSD MUSD 56.8 56.8 25 18.4 20 15.7 13.6 14.5 14.6 9.1 15 20 10 15 5 31.6 17.9 17.3 10 15.4 15.9 18.4 15.4 19.8 20.0 19.0 18.7 15.6 18.7 18.4 19.1 16.8 14.1 13.0 14.0 0 14.9 11.5 5 -5 0 -10 39.3 Q1 Q2 Q3
Slide 9: Board has proposed a dividend of NOK 0.60 per share
Board has proposed a dividend of NOK 0.60 per share Board considerations § Emphasizing stable to increasing dividend § Anticipating positive financial development § Solid financial position § Strong cash flow § Pending AGM approval Dividend policy When proposing a dividend for a financial year, the
Slide 10: 2026-2030: Roadmap to deliver profitable growth in a market increasingly shaped by AI-driven capacity expansion
2026-2030: Roadmap to deliver profitable growth in a market increasingly shaped by AI-driven capacity expansion STRENGTHEN AND EXPAND THE CORE ADD NEW GROWTH DRIVERS Continued focus on home markets Committing to the majors Expand efforts in emerging markets • Targeting network- and data center opera
Slide 11: Profit and Loss Statement
Profit and Loss Statement Profit and Loss Statement Q1 2026 /./0 /./O !"#A%&D(F%(*+I(-(... N- N- P#&Q5(STUT%AT(Q%9(#&:TS(#;TSQ&F%<(F%=#"T //(>-? -@(?OO !"#AB&DBEF&DE*DF+IAF -KKD/0ND -0DO3ND 45SIE7AADUA9A*"&DA:SA9FAF -3D303D -;DOK0D <&=A#DESA#+&"9>DA:SA9FAF -KD3/?D -KD@3?D P#&Q5(#;TSQ&F%<(TA;T%DTD B/
Slide 12: Balance Sheet
Balance Sheet Balance Sheet Mar 31, 2026 L.L0 L.LO L.L0 L.LO !"#A%CDE)%E*+,E-E... !"#AB&DE)BE*+IE-E... N- N- N- N- !"#$%"C$D()*)(+(CI#-(.%*/I0% **********************1*OP4 ******************4*RO6 !"#$%C'#(F*#+ CCCCCCCCCCCCCCCCCCCCCCCCCC,-. CCCCCCCCCCCCCCCCCCCCC.L0 T%8(9*:.%".;$<C(*"00(%0 ***********
Slide 13: Cash Flow Statement
Cash Flow Statement Cash Flow Statement Q1 2026 /./0 /./2 /./0 /./2 !"#A%CD()%(*+,(-(... N- N- 3Q, 3Q, 5SDT(U9#:D(U;#"(#Y=;SC)%>(S?C)@)C)=D !"#A%CDE)#**+I-.A#".I%/0#N.IC2P 456 T84 456 T84 9:;<*CN./C*IA#" =2P.*I>2%: ?5T5I ?@ABI ?5T5I ?@ABI C.>".0%2C%#/I2/:I2N#"C%a2C%#/ 5bb bT@ 5bb bT@ c.CI%/C.".*CI.P
Slide 14: Thank you
smartoptics Thank you