Heliospectra (HELIO) investor relations material

Executive summary

• Strong commercial engagement and increased market presence in Q1 2026, with a robust pipeline of large greenhouse projects under discussion across key markets including Canada, the Netherlands, and the Nordics.

• Participation in major industry events and introduction of new products, such as MITRA VF for multi-layer climate rooms, supporting expansion in Australia and New Zealand.

• Secured a project with The New Zealand Institute for Plant & Food Research valued at approximately MSEK 1.3.

• Continued investment in innovation, with progress toward commercial launch of helioSENSE and Light Use Efficiency Threshold (LUEt) solutions.

Financial highlights

• Net sales for Q1 2026 were SEK 5,148 thousand, up from SEK 1,901 thousand in Q1 2025.

• Order intake reached SEK 6,233 thousand, compared to SEK 3,129 thousand in the prior year.

• Operating profit was SEK -8,450 thousand, an improvement from SEK -9,008 thousand year-over-year.

• Cash flow for the period was SEK -17,160 thousand, with cash at period end at SEK 9,638 thousand.

• Gross margins decreased slightly due to project mix and discounted trials.

Outlook and guidance

• Main quotation period for 2026/2027 greenhouse projects is ongoing, making it too early to forecast full-year revenue.

• Management expects improved cash flow in coming periods due to increased order intake and advance payment terms.

• Additional capital will be required to support growth until larger projects are secured; financing options are being evaluated.