Integrum (INTEG) investor relations material

Executive summary

• Net sales for Q3 2025/26 were SEK 20.2 million, down 14.8% year-over-year, but up 6.3% at constant currency, reflecting underlying market growth despite currency headwinds.

• Operating loss for the quarter was SEK -9.5 million, with a net loss after tax of SEK -11.5 million; non-recurring reorganization costs impacted results.

• A rights issue was completed and oversubscribed, raising SEK 42.7 million before expenses; a bridge loan of SEK 7 million was secured and repaid.

• Organizational changes focused on commercial efficiency and cost control were implemented, with a 20% reduction in cost base compared to the previous quarter.

Financial highlights

• Q3 net sales: SEK 20.2 million (SEK 23.7 million prior year); 9-month net sales: SEK 66.3 million (SEK 64.0 million prior year).

• Q3 operating result: SEK -9.5 million (SEK -7.4 million prior year); 9-month operating result: SEK -33.0 million (SEK -30.7 million prior year).

• Q3 EPS: SEK -0.47 (SEK -0.18 prior year); 9-month EPS: SEK -1.29 (SEK -1.13 prior year).

• Gross margin for Q3: 66% (81% prior year), impacted by currency and higher US tariffs.

• Cash flow for Q3: SEK 22.4 million (SEK -19.5 million prior year); 9-month cash flow: SEK -9.4 million (SEK -2.2 million prior year).

• Cash and cash equivalents at period end: SEK 30.2 million; equity: SEK 182.5 million.

Outlook and guidance

• Cost efficiency program fully implemented; full effect expected in FY 2026/27.

• Focus on execution, growth, and profitability with a leaner, performance-driven organization.

• Commercial acceleration in the US and increased activity in Rest of World markets anticipated.