Mips Ab · OMXSTO:MIPS
Mips Ab — Q3 2025 Earnings Presentation
13 slides from Mips Ab's earnings presentation, Oct 22, 2025
Slide 1: Mips’ presentation of the Q3 2025 Interim Report
22 October 2025 Mips’ presentation of the Q3 2025 Interim Report
Slide 2: Key highlights
Key highlights • Good development with +19% organic growth in the third quarter, growth in all categories despite challenging conditions. YTD organic growth now at +22%. • Strong development in Europe and in line with ambition, US market challenging but small organic growth in the quarter. • Good un
Slide 3: Update on situation on tariffs
Update on situation on tariffs • The implementation of tariffs have brought uncertainty to the short-term outlook in all our three categories in the US market. Price increases from helmet brands effective from beginning of Q3 to mitigate impact from tariffs. • Helmet brands have started to relocate
Slide 4: Sports – progress continues
Sports Sports Sports – progress continues • Good quarter with +8% net sales growth in Sports, with very strong growth on the European market. US and Asia challenged by macro and geopolitical situations. • Volume growth in bike for the 8th quarter in a row. Snow slightly down in the quarter, more rel
Slide 5: Good development in Moto
Moto Good development in Moto • Good performance with +28% net sales growth in Moto in the quarter, good development in both off- and on-road sub-category. • Launch of new event concept at MXGP competition in Lommel, Belgium, to further increase our activation towards end consumers. • No change in l
Slide 6: Moderate performance in Safety
Safety Moderate performance in Safety • In Safety we saw net sales growth of +26% in the quarter. • Moderate sales driven by uncertainty from implementation of tariffs and related cost increases, with delays in ordering. Good underlying in-market performance with new brand wins and new products. • G
Slide 7: Development of net sales in our categories
CATEGORIES Development of net sales in our categories SPORTS MOTO SAFETY Sports Q3 YTD Motorcycle Q3 YTD Safety Q3 YTD Revenue SEKm 120 (111) 344 (304) Revenue SEKm 9 (7) 25 (23) Revenue SEKm 6 (5) 17 (13) Growth % 8 13 Growth % 28 11 Growth % 26 32 2025 I Q3 Interim Report 7
Slide 8: Development in the third quarter
FINANCIAL PERFORMANCE Development in the third quarter • Good development in the third quarter with increase in net SEKm Q3 25 Q3 24 sales of 10%, adjusting for FX, net sales increased 19% organically. Net sales 135 123 10% • Gross profit increased with 11%. Strong gross margin of 74.2% (73.4), incr
Slide 9: Development first nine months
FINANCIAL PERFORMANCE Development first nine months • Net sales during the first nine months increased with 14%, adjusting for FX, net sales increased 22% SEKm YTD 25 YTD 24 organically. Net sales 386 339 14% • Gross profit increased with 16%. Gross margin of 73.6% (72.3), increase mainly explained
Slide 10: Balance sheet and cash flow
Balance sheet Cash flow from operating activities (SEKm) and cash flow • Cash and Cash Equivalents at SEK 280m (296). • Dividend payout of SEK 172m in May (SEK 6.50 per share). Mips does not hold any loans. Mips group (SEKm) Q3 25 Q3 24 FY 24 • Operating cash flow in the quarter Total assets 622 675
Slide 11: Summary
Summary • Good development in the quarter with growth in all three categories, despite challenging conditions. • We do expect the positive progress to continue, with less hampering effects from tariffs. • Good underlying improvement in profitability, decrease fully explained by legal cost and forex
Slide 12: Mips Safety for helmets
Mins Safety for helmets
Slide 13: 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