SAF Tehnika (SAF1R) Q1 25/26 earnings summary

Executive summary

• Net turnover for Q1 FY 2025/2026 was EUR 7.83 million, down 8% year-over-year, but sales volume was 50% higher than in Q3 and Q4 of the previous year.

• Net profit for the quarter was EUR 693 thousand, compared to EUR 814 thousand in Q1 FY 2024/2025.

• Products were sold in 69 countries, with the Americas accounting for 51% of turnover, Europe 40%, and Asia/Africa/Middle East 9%.

• Investment of EUR 300 thousand made in SIA "PLUFF," acquiring a 30% stake.

Financial highlights

• EBITDA for Q1 FY 2025/2026 was EUR 1.09 million (14% margin), down from EUR 1.3 million (15%) year-over-year.

• EBIT was EUR 754 thousand (10% margin), compared to EUR 900 thousand (11%) in the prior year.

• Earnings per share were EUR 0.23, down from EUR 0.27 year-over-year.

• Total assets increased to EUR 28.3 million from EUR 24.2 million year-over-year.

• Net cash flow for the quarter was negative EUR 1.6 million; cash balance at period end was EUR 3.2 million.

Outlook and guidance

• No major or rapid developments expected in the microwave radio market in the near future.

• Focus remains on product innovation, cost control, and maintaining material reserves to ensure timely order fulfillment.

• The Board remains cautious and does not provide specific sales or operational forecasts.