Smartoptics Group Asa · OSL:SMOP
Smartoptics Group Asa — Q3 2026 Earnings Presentation
14 slides from Smartoptics Group Asa's earnings presentation, Oct 29, 2026
Slide 1: Q3 Report 2026
Q3 REPORT 2026
Slide 2: Third Quarter Highlights
Q3 REPORT 2026 THIRD QUARTER HIGHLIGHTS • Revenue of USD 34.3 million, an increase of 80.4% in Q3 2026 vs Q3 2025 • Gross margin of 49.5% (49.5%) • EBITDA of USD 8.1 (2.4) million equivalent to an EBITDA margin of 23.5% (12.6%), driven by strong revenue growth • Operating profit (EBIT) of USD 7.1 (1
Slide 3: Q3 Report 2026 Continued
Q3 REPORT 2026 CONTINUED GEOGRAPHICAL SPLIT Q3 2026 BUSINESS AREA SPLIT Q3 2026 10.4% 13.5% 15.8% 30.8% 58.8% 70.8% Americas EMEA APAC Solutions Devices Software & Services MUSD 40 50% 34.3 35 28.9 40% 30 25 23.2 22.9 30% 19.0 20 15 23.5% 20% 10 15.5% 15.3% 10% 12.6% 11.7% 5 0 0% Q3 Q4 Q1 Q2 Q3 2025
Slide 4: CEO Comments
CEO COMMENTS The third quarter was the strongest in Smartoptics’ history. Revenue grew 80 percent to USD 34.3 milli- on, and EBIT grew by 340 percent to USD 7.1 million, equivalent to a margin of 20.6 percent. With revenue of approximately USD 109 million over the last four quarters, we have now pas
Slide 5: Financial Review Q3 2026
FINANCIAL REVIEW Q3 2026 REVENUE capital decreased slightly, while inventories increased to Revenue increased by 80.4% in Q3 2026 to USD 34.3 mil- strengthen product availability and support future custo- lion compared to USD 19.0 million in Q3 2025, primarily mer deliveries. driven by strong growth
Slide 6: Financial Statements
FINANCIAL STATEMENTS CONSOLIDATED PROFIT AND LOSS STATEMENT Consolidated statement of profit or loss 2026 Q3 2025 Q3 2026 9M 2025 9M Amounts in USD 1.000 Notes Jul - Sep Jul - Sep Jan - Sep Jan - Sep Revenue from contracts with customers 1,2 34 278 19 000 86 053 52 026 Other operating income - - - 0
Slide 7: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION Consolidated statement of financial position 30.09.2026 31.12.2025 30.09.2025 Amounts in USD 1.000 Notes Assets Non-current assets Intangible assets 3,7 3 369 2 852 2 791 Property, plant and equipment 6,7 4 869 3 720 3 626 Right-of-use assets 6 073 621 80
Slide 8: Consolidated Statement of Changes in Equity
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Consolidated statement of changes in equity Other Translation Share Share Retained Total paid in difference capital premium earnings equity capital reserves Amounts in USD 1.000 Balance at 1 January 2025 173 13 121 0 293 14 867 28 454 Profit/(loss) for the
Slide 9: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT Consolidated cash flow statement 2026 Q3 2025 Q3 2026 9M 2025 9M Amounts in USD 1.000 Notes Jul - Sep Jul - Sep Jan - Sep Jan - Sep Cash flows from operating activities Profit/(loss) before income tax 6 159 1 761 10 267 2 509 Adjustments for: - - - - Taxes paid -877
Slide 10: Share Information
SHARE INFORMATION TABLE OF THE 20 LARGEST SHAREHOLDERS AS OF 30TH SEPTEMBER 2026 # Shareholders Holding Stake 1 Coretech AS 28 883 599 29.46 % 2 Kløvingen AS 14 750 429 15.04 % 3 K-Spar Industrier AS 4 600 000 4.69 % 4 DNB Asset Management 4 479 882 4.57 % 5 Janus Henderson Investors 3 556 950 3.63
Slide 11: Notes
NOTES GENERAL NOTE 2 - DEFERRED REVENUE These interim condensed consolidated financial state- Service revenues are invoiced in advance and covers ments for the period ended 30 September 2026, have a contract period of typically 3 months to 6 years. The been prepared in accordance with IAS 34 Interim
Slide 12: Note 6 – Property, Plant and Equipment Split
NOTE 6 – PROPERTY, PLANT AND EQUIPMENT SPLIT NOTE 7 – DEPRECIATION AND AMORTIZATION SPLIT Fixed assets are depreciated over a period of 3 to 5 years. Property, plant and equipment 30 Sep 30 Sep Change There is no goodwill in the group. 2026 2025 Amounts in USD 1,000 Depreciation and amortization Q3
Slide 13: Alternate Performance Measures (APM's)
ALTERNATE PERFORMANCE MEASURES (APM’S) GROSS PROFIT Total revenue and other operating income deducted with direct cost of sales Amounts in USD 1,000 2026 Q3 2025 Q3 2026 9M 2025 9M Total revenue and other operating income 34 278 19 000 86 053 52 027 Direct cost of sales 17 295 9 586 44 740 26 748 Gr
Slide 14: Smartoptics Group ASA
Smartoptics Group ASA Akersgata 32 NO-0180 Oslo, Norway www.smartoptics.com