Slide 1: Glaston Q4/2025: Soft market continued, profitability supported by productivity improvements
Glaston Q4/2025: Soft market continued, profitability supported by productivity improvements. February 13, 2026 Miika Äppelqvist, CEO Magnus Sjöblom, CFO
Slide 2: Content
Content Q4/2025 highlights Market review Financial development Outlook 2026
Slide 3: Q4 and Full-Year 2025 Highlights
Q4 AND FULL-YEAR 2025 HIGHLIGHTS
Slide 4: Q4 2025 highlights
Q4 2025 highlights • The market environment remained soft, however increasing activity in the Middle East • Q4 order intake developed positively and was the highest in 2025, EUR 48.8 million. Y-o-Y fourth- quarter order intake was down by 8% • Due to the lower order intake in the earlier quarters, n
Slide 5: Full-year 2025 highlights
Full-year 2025 highlights • The Architectural market remained soft throughout the year. The Mobility market in China remained moderately active • Order intake was down 13% reflecting the slowdown in the Architectural market • Net sales down by 4% and totaled EUR 208.8 (217.9) million • Comparable EB
Slide 6: Glaston's operating environment
Glaston’s operating environment Architectural Mobility Services machine market machine market market 10-12/2025 FY2025 10-12/2025 FY2025 10-12/2025 FY2025 EMEA Americas China Rest of APAC Glaston view on market sentiment compared to previous year In Q4: • Demand for tempering technologies picked up
Slide 7: Glaston's strategic targets and execution
Glaston’s strategic targets and execution Targets medium-term (3-5 years), 2025 2024 2023 2022 emission targets by 2032 Annual average net sales exceeding the addressable -4% -1% +3% +17% equipment markets growth Comparable EBITA 10% 6.7% 7.0% 6.8% 6.4% Comparable ROCE above 16% 11.3% 12.6% 12.7% 10
Slide 8: Financial Development
FINANCIAL DEVELOPMENT
Slide 9: Order intake down 8% - orders for Tempering Technologies picked up
Order intake down 8% - orders for Tempering Technologies picked up 9 January-December 2025 February 13, 2026
Slide 10: Impacted by lower order intake, Q4 net sales down 14%
Impacted by lower order intake, Q4 net sales down 14% Q4 2025 net sales by region MEUR, yoy% and share of total 42% EMEA 20.5 MEUR -15% Americas 18.5 MEUR APAC -1% 10.0 MEUR --28% 20% 38% 10 January-December 2025 February 13, 2026
Slide 11: Lower volume affected profitability
Lower volume affected profitability 11 January-December 2025 February 13, 2026
Slide 12: Reporting Segments
REPORTING SEGMENTS
Slide 13: Architecture – markets remained soft, except for the Middle East
Architecture – markets remained soft, except for the Middle East • Positive order intake development, as Tempering vs Q4 vs FY and Laminating orders were up by 150% from MEUR Q4 2025 FY 2025 2024* 2024* very low comparison period. Insulating Glass Order intake 37.6 4% 140.7 -4% orders however down b
Slide 14: Mobility, Display & Solar – comparable EBITA improved slightly despite lower net sales
Mobility, Display & Solar – comparable EBITA improved slightly despite lower net sales • Order intake down 32% against strong comparison Q4 vs Q4 FY vs FY MEUR period. Pre-processing orders from China were at 2025 2024* 2025 2024* a lower level than in the comparison period. Heat Order intake 11.2 -
Slide 15: Full year operating cash flow slightly negative
Full year operating cash flow slightly negative 15 January-December 2025 February 13, 2026
Slide 16: Outlook 2026
OUTLOOK 2026
Slide 17: Glaston's outlook for 2026
Glaston’s outlook for 2026 Glaston Corporation estimates that its net sales and comparable EBITA will decrease in 2026 from the levels reported for 2025. In 2025, Group net sales totaled EUR 208.8 million and comparable EBITA was EUR 14.0 million. 17 January-December 2025 February 13, 2026
Slide 18: Questions
QUESTIONS eeing It through aston \
Slide 19: Financial reports in 2026
Financial reports in 2026 Interim report January−March 2026 Wednesday, April 29, 2026 Half-year financial report January−June 2026 Wednesday, August 12, 2026 Interim report January−September 2026 Wednesday, October 28, 2026
Slide 20: Forward-looking statements disclaimer
This financial report provides future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation, or achievements of Glaston may substantially deviate from the estimates. Forward-looking statements relating to future prospects are subject to r
Slide 21: Glaston – changing the way the world sees glass
> www.glaston.net Glaston – changing the way the world sees glass IR-contact: agneta.selroos@glaston.net 21 January-December 2025 February 13, 2026
Slide 22: Appendix
APPENDIX
Slide 23: Architecture Americas and EMEA: US and EU architectural end-market indicators
Architecture Americas and EMEA US and EU architectural end-market indicators US housing starts annualized rate EU residential building permits in sqm # of starts in thousand Index (100=2021) Source: FRED Source: Eurostat Architectural billing index EU non-residential building permits in sqm Index va
Slide 24: APAC architectural and Mobility & Solar end-market indicators
Architecture APAC and Mobility, Display, and Solar APAC architectural and Mobility & Solar end-market indicators China investment in real estate construction China motor vehicle production Million motor vehicles 100 million yuan Source: China NBS, NB a separate January value not reported + seasonal