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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.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.
- Stable revenue and higher profitability in 2025, driven by export growth and defense demand.SAFE
Q4 202527 Feb 2026 - Strong revenue and profit growth, robust liquidity, and expanding international orders.SAFE
Q3 202531 Oct 2025 - Revenues and profits surged year-over-year, with strong order flow and robust market demand.SAFE
Q2 202529 Aug 2025 - Q3 profit jumped on higher margins and military demand, despite a dip in quarterly sales.SAFE
Q3 202413 Jun 2025 - Seventh straight profit, record contract, and strong equity ratio signal positive momentum.SAFE
Q2 202413 Jun 2025 - Revenue up, but profit pressured by costs and lower margins; military demand remains strong.SAFE
Q1 20256 Jun 2025 - Strong export-driven growth and higher margins, with robust demand from military sectors.SAFE
Q4 20246 Jun 2025
Next Safe at Sea earnings date
Next Safe at Sea earnings date
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