Kreate Group Plc · OMXHEX:KREATE
Kreate — Q3 2025 Earnings Presentation
17 slides from Kreate's earnings presentation, Oct 22, 2025
Slide 1: Record-high Q3 revenue supported clearly better year-on-year profitability
RECORD-HIGH Q3 REVENUE SUPPORTED PROFITABILITY DEVELOPMENT RECORD-HIGH Q3 REVENUE SUPPORTED PROFITABILITY DEVELOPMENT RECORD-HIGH Q3 REVENUE SUPPORTED CLEARLY BETTER YEAR-ON-YEAR PROFITABILITY MIKKO LAINE, CFO 22 OCTOBER 2025 K R E AT E G R O U P P L C / J A N U A RY – S E P T E M B E R 2 0 2 5
Slide 2: Sustained efforts are reflected in revenue and EBITA
SUSTAINED EFFORTS ARE REFLECTED IN REVENUE AND EBITA ▪ Q3 revenue was record-high, nearly 95 million euros ▪ Growth of 22.1% year-on-year ▪ Revenue in Sweden was EUR 16.1 million, up 54% ▪ High volumes supported profitability development – front-loaded investments in personnel are now delivering res
Slide 3: Highlights from the third quarter
HIGHLIGHTS FROM THE THIRD QUARTER On the shore of Lake Näsijärvi in Naistenlahti Finkensilta bridge opened for those heading Sulkavuori central wastewater treatment Harbour to Korkeasaari plant taken into use In Tampere, together with KFS Finland’s specialist Finkensilta bridge was opened in August
Slide 4: A large number of major projects in the market
A LARGE NUMBER OF MAJOR PROJECTS IN THE MARKET STRONG GROWTH DRIVERS BEHIND THE DEVELOPMENT INDUSTRIAL INVESTMENTS TRANSPORT INVESTMENTS CLASSIFIED PROJECTS The private sector is highly active, The public sector is investing in Confidential projects related to particularly in data center and critica
Slide 5: Implementation phases approaching – outlook positive
IMPLEMENTATION PHASES APPROACHING – OUTLOOK POSITIVE DEVELOPMENT OF THE MARKET MARKET OUTLOOK OUTLOOK SUITABLE TO KREATE Q3/25 < 6 MONTHS > 6 MONTHS (MANAGEMENT ASSESSMENT) Market situation FINLAND Very strong Bridge construction Stronger than usual Normal Foundation and engineering Weaker than usua
Slide 6: Order backlog at a good level
ORDER BACKLOG AT A GOOD LEVEL ▪ The order backlog at the end of September amounted to Order backlog Q3/23 – Q3/25, EUR million EUR 242.4 million ▪ Change from the end of June: -13.7% ▪ Change from a year earlier: +58.3% ▪ New projects in Q3 2025 totaled EUR 40 million, including, among others, the c
Slide 7: Strategy execution in the third quarter
STRATEGY EXECUTION IN THE THIRD QUARTER WE MUST: According to the results of the latest employee survey, our infrastructure 1 BE THE BEST PLACE FOR THE BEST INFRASTRUCTURE EXPERTS professionals value Kreate as an employer. The employees’ willingness to recommend Kreate as a workplace, i.e. the eNPS,
Slide 8: Sustainability in our operations
SUSTAINABILITY IN OUR OPERATIONS GREAT PROGRESS IN OCCUPATIONAL SAFETY OBSERVATIONS Building with passion Highlights Q3 2025* Employee satisfaction Occupational safety and safety culture 5.8 14.9 75% Increasing competence Combined accident observations per observations from frequency (<11) person (>
Slide 9: Guidance for 2025 unchanged
GUIDANCE FOR 2025 UNCHANGED Kreate estimates that its revenue in 2025 will grow and be in the range of EUR 290–310 million (2024: EUR 275.5 million) and EBITA will increase and be in the range of EUR 9–11 million (2024: EUR 8.8 million). Justifications: The company's guidance is based on the order b
Slide 10: Record-high revenue in the third quarter
RECORD-HIGH REVENUE IN THE THIRD QUARTER Revenue, EUR million Revenue distribution 1-9/2025 -12.1% 22.1% change from the same quarter in the previous year 10
Slide 11: EBITA higher than in the comparison period – high volume supported profitability
EBITA HIGHER THAN IN THE COMPARISON PERIOD – HIGH VOLUME SUPPORTED PROFITABILITY EBITA, EUR million ▪ Q3 EBITA increased ▪ in absolute terms to EUR 4.0 (3.1) million ▪ in relative terms to 4.2% (4.0%) ▪ High volume supported profitability development – front-loaded investments in personnel are now d
Slide 12: Net working capital at an excellent level
NET WORKING CAPITAL AT AN EXCELLENT LEVEL Free cash flow from operating activities, EUR million ▪ Operating cash flow ▪ Q3: EUR 0.5 (5.9) million ▪ January–September: EUR 15.8 (-3.6) million ▪ The change in net working capital weakened cash flow by EUR 3.4 million during the third quarter but improv
Slide 13: Interest-bearing net debt stable at around EUR 20 million
INTEREST-BEARING NET DEBT STABLE AT AROUND EUR 20 MILLION Interest-bearing net debt (EUR million) and equity ratio (%) ▪ Kreate’s interest-bearing net debt on 30 September 2025 was EUR 20.2 (30 September 2024: 28.5) million ▪ The change in working capital (EUR -5.2 million) was the most significant
Slide 14: Interest-bearing debt – maturity and average interest
INTEREST-BEARING DEBT – MATURITY AND AVERAGE INTEREST Loan portfolio on 30 September 2025, EUR million Repayment schedule for interest-bearing debt* on 30 September 2025, EUR million Average interest of interest- bearing debt, excluding lease liabilities recognised in the balance sheet 5.1 % * exclu
Slide 15: Key figures
KEY FIGURES EUR million 7-9/2025 7-9/2024 1-9/2025 1-9/2024 1-12/2024 Order backlog 242.4 153.1 176.6 Revenue 94.7 77.6 220.7 200.0 275.5 EBITDA 5.9 4.7 11.6 10.4 15.3 EBITDA, % 6.3% 6.1% 5.3% 5.2% 5.5% EBITA 4.0 3.1 6.3 6.0 8.8 EBITA, % 4.2% 4.0% 2.8% 3.0% 3.2% Operating profit 4.0 3.1 6.1 5.9 8.7
Slide 16: The future is built today
THE FUTURE IS BUILT TODAY
Slide 17: Kreate's shareholders on 30 September 2025
KREATE’S SHAREHOLDERS ON 30 SEPTEMBER 2025 SHAREHOLDERS BY SECTOR Shareholder Shares % of shares 1 Harjavalta Oy 1 783 689 19,85 2 Tirinom Oy 1 000 000 11,13 Public org. 3 Ilmarinen Mutual Pension Insurance Company 425 000 4,73 12,7 % 4 Valtonen Seppo Timo Johannes 359 923 4,01 International 5 Varma