Safe at Sea
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Safe at Sea (SAFE) investor relations material

Safe at Sea Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary30 Apr, 2026

Executive summary

  • Revenue for Q1 2026 was 3,961 tkr, down 18% year-over-year due to delayed customer orders and procurement processes.

  • EBITDA increased to 425 tkr from 405 tkr, and net income rose to 240 tkr from 167 tkr, driven by improved gross margins.

  • Strong customer engagement and ongoing product development to meet evolving dual-use and integration requirements.

Financial highlights

  • Gross margin improved significantly to 36.4% from 22.9% year-over-year.

  • Solid equity ratio at 70.1% (up from 62.7%) and cash liquidity at 98.4% (up from 78.6%).

  • Earnings per share increased to 0.009 kr from 0.006 kr.

  • Cash at period end was 3,893 tkr, with available liquidity including credit at 5,393 tkr.

Outlook and guidance

  • Management expects additional significant orders in the coming months, particularly from defense contracts.

  • Continued focus on supporting customers through extended procurement cycles and further product enhancements.

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