Slide 1: Bittium Corporation Half-year Financial Report 2026
Bittium Corporation Half- year Financial Report 2026 Petri Toljamo, CEO Petri Hiljanen, CFO Karoliina Malmi, VP, Communications & Sustainability 7 AUGUST 2026
Slide 2: Agenda
HALF-YEAR FINANCIAL REPORT 2026 Agenda 01 Highlights from 2Q and 1H 2026 02 Financial development 03 Defence & Security business segment 04 Medical business segment 05 Engineering Services business segment 05 Q&A ©BITTIUM I PUBLIC 2
Slide 3: Forward-looking statements
HALF-YEAR FINANCIAL REPORT 2026 Forward-looking statements Some statements made in this material relating to future circumstances or status, including, without limitation, the future performance of the company, expectations regarding market growth, trend projections as well as any statements prece
Slide 4: Highlights 2Q 2026
HALF-YEAR FINANCIAL REPORT 2026 Highlights 2Q 2026 60.1 % 27.5 % +22.2 % Net sales growth EBITDA % of net sales OP % of net sales 36.6 MEUR 10.1 MEUR 8.1 MEUR 8.8 M€ 46.3 M€ 575 Operating cash flow New orders Personnel 2Q 2026 30.6.2026 2Q 2026 ©BITTIUM I PUBLIC 4 4
Slide 5: Highlights 1H 2026
HALF-YEAR FINANCIAL REPORT 2026 Highlights 1H 2026 37.2 % 22.3 % 16.6 % Net sales growth EBITDA % of net sales OP % of net sales 57.9 MEUR 12.9 MEUR 9.6 MEUR 36.9 M€ 81.0 M€ 102.2 M€ Operating cash flow New orders Order Book 1-6 2026 30.6.2026 1-6 2026 ©BITTIUM I PUBLIC 5 5
Slide 6: 1H 2026 Highlights
HALF-YEAR FINANCIAL REPORT 2026 1H 2026 Highlights • Outstanding financial performance, both net sales and operational results within Company’s strategic long- term financial goals • Technology leadership and future investments through new product launches and strategic partnerships • Scaling oper
Slide 7: Financial review 2Q 2026 and 1-6 2026
HALF-YEAR FINANCIAL REPORT 2026 Financial review 2Q 2026 and 1-6 2026 Petri Hiljanen, CFO ©BITTIUM I PUBLIC 7
Slide 8: Group quarterly net sales development
HALF-YEAR FINANCIAL REPORT 2026 Group quarterly net sales development Net sales MEUR 60,0 60.1% y-o-y growth 8,3 50,0 45,7 40,0 Products 30,0 10,9 8,8 76.1% 27,8 % of net sales 20,0 22,3 7,8 7,4 7,1 7,9 8,5 7,4 15,1 15,8 7,0 14,2 Services 10,0 11,9 10,7 10,8 0,0 7,0 23.9% 1Q 24 2Q 24 3Q 24 4Q 24 1
Slide 9: Group quarterly operating result development
HALF-YEAR FINANCIAL REPORT 2026 Group quarterly MEUR 20,0 35,0 % operating result 30,0 % development 15,0 15,4 25,0 % 20,0 % 10,0 8,1 15,0 % 6,0 2Q 2026 EBIT 2Q 2026 EBITDA 5,0 22.2% 27.5% 1,9 2,5 10,0 % 1,5 % of net sales % of net sales 1,0 1,1 0,4 5,0 % (8.1 MEUR) (10.1 MEUR) 0,0 1Q 24 2Q 24 3Q
Slide 10: Group half-yearly net sales development
HALF-YEAR FINANCIAL REPORT 2026 Group half-yearly net sales development MEUR 80 15,6 70 Net sales 60 61,5 15,9 37.2% 50 y-o-y growth 17,9 40 16,3 42,0 15,3 Products Services 30 20 22,6 29,3 25,9 72.6% 27.4% % of net sales % of net sales 10 0 1H/24 2H/24 1H/25 2H/25 1H/26 Products Services ©BITTIUM
Slide 11: Building growth on a solid base
HALF-YEAR FINANCIAL REPORT 2026 Building MEUR 20 25,00% growth on a 17,9 solid base 15 20,00% 15,00% 10 9,6 1H 2026 EBIT 1H 2026 EBITDA 10,00% 16.6% 22.3% 5,7 % of net sales % of net sales 5 (12.9 MEUR) 5,00% (9.6 MEUR) 2,9 1,5 0 0,00% 1H 24 2H 24 1H 25 2H 25 1H 26 Operating result % of net sales
Slide 12: R&D investments and long-term financial goals
HALF-YEAR FINANCIAL REPORT 2026 R&D investments and long-term financial goals MEUR LONG-TERM FINANCIAL GOALS 20 25,00% Average annual net sales growth 20,00% 15 15,00% 20–30 % 10,3 10 (net sales growth 40.1 % in 2025) 7,9 7,9 7,4 10,00% 5,6 5 5,00% and operating result level. 0 0,00% 1H 24 2H 24 1
Slide 13: Orderbook and outlook 2026
HALF-YEAR FINANCIAL REPORT 2026 Orderbook and outlook 2026 FINANCIAL OUTLOOK 2026 Orderbook development MEUR 102,2 Estimated net sales in 2026 92,5 100 77,9 80 60 36,5 43,1 33,0 140–155 M€ 40 20 (119.3 M€ in 2025) 0 31.3.2025 30.6.2025 30.9.2025 31.12.2025 31.3.2026 30.6.2026 Estimated operating p
Slide 14: Cash flow key figures 1-6 2026
HALF-YEAR FINANCIAL REPORT 2026 Cash flow key figures 1-6 2026 OPERATING CASH FLOW INVESTING CASH FLOW FINANCING CASH FLOW NET CHANGE 36.9 M€ -4.3 M€ -6.9 M€ 25.6 M€ Net Cash from Operations Net Cash from Investing Net Cash from Financing Net Change in Cash 1H 2025: 9.2 MEUR 1H 2025: -5.2 MEUR 1H
Slide 15: Strong balance sheet
HALF-YEAR FINANCIAL REPORT 2026 Strong balance sheet 197.8 M€ 133.3 M€ 71.1 % -20.8 % Total assets Equity Equity ratio Net gearing Strong balance sheet 68 % of balance sheet Very strong Net debt free 114.6 M€ 18.8 M€ +37.2 % 16.6 % Cash and other current assets Interest bearing debt Net sales grow
Slide 16: Business Segments
HALF-YEAR FINANCIAL REPORT 2026 Business Segments Petri Toljamo, CEO 16
Slide 17: Defence & Security
Defence & Security Resilient communications. Total awareness. Decision dominance.
Slide 18: Growth continued strong
HALF-YEAR FINANCIAL REPORT 2026 | DEFENCE & SECURITY Growth continued strong QUARTERLY DEVELOPMENT HALF-YEARLY DEVELOPMENT 50,0 70,0 45,0 Net sales 60,5 Net sales 60,0 40,0 100.6% 50,0 67.8% 28,7 42,0 30,0 y-o-y growth y-o-y growth 23,7 40,0 30,6 20,0 30,0 25,0 14,3 15,5 13,3 21,0 11,7 10,7 OP mar
Slide 19: Defence & Security highlights 1H 2026
HALF-YEAR FINANCIAL REPORT 2026 | DEFENCE & SECURITY Defence & Security highlights 1H 2026 • Record order backlog and strong new orders creating solid foundation for future growth R&D investments • Important key customer wins during the first half: Finland, Austria, Croatia, Estonia 6.6 • New cust
Slide 20: Medical
Medical Reliable data. Accurate Diagnoses. Better care.
Slide 21: Profitability turnaround
HALF-YEAR FINANCIAL REPORT 2026 | MEDICAL Profitability turnaround QUARTERLY DEVELOPMENT HALF-YEARLY DEVELOPMENT MEUR MEUR 10 12 Net sales Net sales 9,9 10,1 9,7 8 3.2% 10 9,6 9,5 6.3% y-o-y growth 8 y-o-y growth 6 5,5 5,7 5,2 5,2 4,7 4,7 4,9 4,5 4,3 6 4,1 4 OP margin OP margin 4 2 2.1% 5.5% 2 % o
Slide 22: Positive signs, commercialization continues
HALF-YEAR FINANCIAL REPORT 2026 | MEDICAL Positive signs, commercialization continues • Strategic focus on Cardiac & Sleep are delivering results R&D investments • 2025 restructuring cost benefits now fully materializing and profitability turnaround has been made 2.9 M€ 1-6 2026 • Cardiac business
Slide 23: Engineering Services
Engineering Services Your product. Our expertise. Ideas engineered.
Slide 24: Focus on turnaround
HALF-YEAR FINANCIAL REPORT 2026 | ENGINEERING SERVICES Focus on turnaround QUARTERLY DEVELOPMENT HALF-YEARLY DEVELOPMENT MEUR MEUR Net sales Net sales 6 10 5 -14.5% 8 7,3 7,7 -20.9% 7,1 4,1 y-o-y growth 6,7 y-o-y growth 3,9 3,8 6,1 4 3,7 3,5 3,3 3,3 3,3 6 3 3 2,8 OP margin 4 OP margin 2 1 -9.5% 2
Slide 25: Strategic repositioning underway
HALF-YEAR FINANCIAL REPORT 2026 | ENGINEERING SERVICES Strategic repositioning underway • Challenging 1H due to weak market situation • Clear strategic focus towards defence sector and Edge AI Personnel • First defence industry client wins, validating the new strategic direction 114 30.6.2026 • VT
Slide 26: Summary
HALF-YEAR FINANCIAL REPORT 2026 Summary • Bittium is delivering on its strategy • Growth is solid and market outlook remains good • Profits are converting to cash • Defence megatrend is a structural tailwind for both Defence & Security and Engineering Services segments • Innovation pipeline secure
Slide 27: Q&A
HALF-YEAR FINANCIAL REPORT 2026 Q&A ©BITTIUM I PUBLIC 27
Slide 28: WWW.BITTIUM.COM
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