Slide 1: Kempower Q4 2025 Financial Results
Kempower Q4 2025 Financial Results 11 February 2026
Slide 2: 2025: A year of growth and strategic progress
1 2025: A year of growth and strategic progress Bhasker Kaushal Jukka Kainulainen Chief Executive Officer Chief Financial Officer
Slide 3: Record order intake builds momentum into 2026
2 Q4 2025 Highlights: Record order intake builds momentum into 2026 Order intake Revenue • Record high quarterly and full year Order Intake • Return to growth in 2025, revenues up 12% VPY Q4 MEUR 95.1 71.9 • Significantly improved profitability in 2025, operative EBIT up MEUR 14 VPY % Year- on-Year
Slide 4: Market update: Underlying drivers robust, despite varying conditions across regions
3 Market update: Underlying drivers robust, despite varying conditions across regions New BEV registrations1 New eBus and eTruck2 New public DC fast (Passenger cars, million units) registrations charging installations -5% +39% -2% North America +56% +9% Europe +30% • Currently most public installati
Slide 5: Our priorities
4 Our priorities Winning Differentiated Operational with customers technology through excellence innovation Winning Culture and Team
Slide 6: Fueling growth with new customers and expanding reach
5 Winning with customers Fueling growth with new customers and expanding reach Strong momentum in North Continued growth Broad-based, America and Europe outside from new customers global growth Nordics Share of total revenue Order intake by regions, MEUR North America 2024 2025 YoY% Europe (outside
Slide 7: Driving electrification across segments and regions
6 Winning with customers Driving electrification across segments and regions Public charging Public charging Bus fleet Airport ground fleet North Nether Sweden America Austria -lands Circle K site with EV 5 GET Charged Fast EV Austria’s largest bus 28 DC charging points chargers only, no fuel Chargi
Slide 8: Leading the truck charging and MCS revolution
7 Differentiated technology through innovation Leading the truck charging and MCS revolution MCS in Nordics Landmark Alpine deployment Port deployment in UK • MCS charging sites across • First Mega Satellite operational • One of world’s largest Sweden, Norway, Denmark, in France port-based MCS sites
Slide 9: Embedding cost excellence across the value chain
8 Operational excellence Embedding cost excellence across the value chain Operational and Cost Excellence • Launched a comprehensive product cost-reduction program in H2’25 Supply chain Factories Product Design • To improve unit cost economics and defend gross margins • End-to-end value chain focus
Slide 10: Powering a cleaner tomorrow
9 Sustainability and ESG Powering a cleaner tomorrow Gold in EcoVadis Cybersecurity Leadership 2x Electricity Delivered MWh 776,000 397,000 2020 2021 2022 2023 2024 2025 Kempower’s score in the Kempower received The electricity delivered to vehicles top 5% ISO 27001 through Kempower chargers of all
Slide 11: Kempower's outlook for 2026
10 Kempower’s outlook for 2026 Kempower expects: • 2026 revenue is expected to grow between 10% - 30% compared to year 2025, assuming no major impact from foreign currency exchange rates (revenue 2025: EUR 251.3 million). • 2026 operative EBIT is expected to improve significantly compared to year 20
Slide 12: Summary
11 Summary Building Strengthening Financial momentum market & discipline and into 2026 technology cost excellence position • Returned to growth • Continued new • Significant (+12% VPY) in 2025 customer wins and improvement in share gain operative EBIT in 2025 • Record order intake in Q4 and FY’25 –
Slide 13: Q4 2025 Financials
12 Q4 2025 Financials
Slide 14: Key figures
13 Key figures EUR million Q4/2025 Q4/2024 2025 2024 Comments Order backlog 141.3 95.0 141.3 95.0 • In Q4, demand was broad based Order intake 95.1 67.8 303.5 218.3 across key segments and regions. Revenue 71.9 71.7 251.3 223.7 Revenue growth, % 0.2% -13% 12% -21% • Order intake increased by 40% Gro
Slide 15: Order intake reached all-time highs
14 Order intake reached all-time highs Order intake by quarter (EUR million) Comments • Order intake reached all-time highs of EUR 95.1 million in Q4 and EUR 303.5 million for 2025 • In Europe (outside Nordics) order intake grew by +45% • In North America Q4 order intake grew by +85% • In APAC & MEA
Slide 16: Strong revenue growth for the year
15 Strong revenue growth for the year Revenue by geographical area (EUR million) Comments • Revenue was stable in Q4, increasing by 0.2%, and grew by 12% for the full year 2025. • Europe outside Nordics was 52% of Q4 revenue. • North America’ represented 11% of Q4 revenue. • All geographical regions
Slide 17: Gross margin % at healthy level
16 Gross margin % at healthy level Gross profit margin (%) Comments • Gross profit margin for Q4 53% 52.1% decreased to 45.6% (49.6%) and 52% 47.6% for 2025 (48.7%) 51% • The decrease resulted primarily 50% 48.7% from sales price erosion, including 49% some geographic and sales mix 47.6% 48% 47.1% e
Slide 18: Positive cash flow and significantly improved profitability
17 Positive cash flow and significantly improved profitability Operating cash flow (EUR million) Operative EBIT (EUR million) Comments • Q4 operating cash flow was positive EUR 3.1 million and 2025 operating cash flow improved to EUR 3.4 million driven by improved profitability. • Q4 operative EBIT