Robit Oyj — Earnings Release 2025

Feb 18, 2026

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ROBIT PLC FINANCIAL STATEMENTS RELEASE 1 JANUARY–31 DECEMBER 2025: A YEAR OF CHANGES

In the text, 'review period' or 'last quarter of the year' refers to 1 October–31 December 2025 (Q4), and 'January–December' refers to 1 January–31 December 2025. Figures from the corresponding time period in 2024 are given in parentheses. All the figures presented are in euros. Percentages are calculated from thousands of euros.

1 October–31 December 2025 in brief

• Received orders EUR 19.1 million (19.6), decrease of 2.6%
• Net sales EUR 18.4 million (21.4); decrease of 13.8%
• EBITDA EUR 1.3 million (1.7); 7.1% of net sales (8.0%)
• Comparable EBITDA EUR 1.4 million (1.7); equivalent to 7.6% of net sales (8.0%)
• EBIT EUR 0.4 million (0.8); equivalent to 2.3% of net sales (3.5%)
• Comparable EBIT EUR 0.5 million (0.8); equivalent to 2.8% of net sales (3.5%)
• Review period net income EUR 0.0 million (0.6); 0.1% of net sales (2.6%)
• Net cash flow from operating activities EUR 2.5 million (-1.6)

1 January–31 December 2025 in brief

• Received orders EUR 79.6 million (88.8), decrease of 10.4%
• Net sales EUR 78.8 million (90.3); decrease of 12.8%
• EBITDA EUR 5.2 million (6.4); equivalent to 6.6% of net sales (7.1%)
• Comparable EBITDA EUR 5.5 million (6.4); equivalent to 6.9% of net sales (7.1%)
• EBIT EUR 1.4 million (2.5); equivalent to 1.8% of net sales (2.8%)
• Comparable EBIT EUR 1.7 million (2.5); equivalent to 2.1% of net sales (2.8%)
• Financial year net income EUR -0.2 million (1.1); equivalent to -0.3% of net sales (1.3%)
• Net cash flow from operating activities EUR 5.9 million (1.5)
• Equity ratio at the end of the financial year 52.0% (50.7%)

The company's comparable items were affected by costs related to the reorganization.

Key financials	Q4 2025	Q4 2024	Change%	2025	2024	Change%
Net sales, EUR 1,000	18 428	21 387	-13,8%	78 762	90 284	-12,8%
EBITDA, EUR 1,000	1 308	1 721	-24,0%	5 169	6 430	-19,6%
EBITDA, % of net sales	7,1%	8,0%		6,6%	7,1%
Comparable EBITDA, EUR 1,000	1 408	1 721	18,2%	5 467	6 430	-15,0%
Comparable EBITDA, % of net sales	7,6%	8,0%		6,9%	7,1%
EBIT, EUR 1,000	421	758	-44,5%	1 395	2 502	-44,2%
EBIT, % of net sales	2,3%	3,5%		1,8%	2,8%
Comparable EBIT, EUR 1,000	522	758	-31,2%	1 693	2 502	-32,3%
Comparable EBIT, % of net sales	2,8%	3,5%		2,1%	2,8%
Result for the review period, EUR 1,000	16	566	-97,1%	-237	1 134	-120,9%
Result for the period, % of net sales	0,1%	2,6%		-0,3%	1,3%
Earnings per share (EPS), EUR 1,000	0,01	0,03	-79,5%	-0,01	0,05	-127,8%
Return on equity (ROE), %				-0,7%	2,4%
Return on capital employed (ROCE), %				2,7%	3,9%

MARKET OUTLOOK FOR 2026

Robit estimates the global mining industry demand to remain at a good level. Demand in the construction industry is expected to stay at a low level during the first half of the year, but the demand is estimated to develop positively in the second half of the year.

Possible import tariffs and the risk of a trade war increase uncertainty regarding market development.

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GUIDANCE FOR 2026

Robit estimates that net sales in 2026 will increase and comparable EBIT profitability in euros will improve compared to 2025.

BACKGROUND TO THE GUIDANCE

The guidance is based on an assessment that demand in the mining industry will remain at a good level and that demand in the construction industry will develop positively in the second half of 2026. The guidance is based on the assumption that there will be no significant changes in exchange rates from the level effective at the end of 2025, and that possible import tariffs will not significantly weaken the company's relative competitiveness in key markets.

CEO MIKKO KUUSILEHTO

The final quarter of the year was weaker than the comparison period in terms of net sales, although market activity in the mining segment remained strong. The company's position in its key markets did not yet allow it to fully capitalize on market growth, which underscores the need to strengthen its market position and customer base. In other customer segments, demand remained moderate and the competitive environment was intense.

In October–December, received orders were EUR 19.1 million (19.6), representing a decrease of 2.6 per cent from the comparison period. Net sales for the review period were EUR 18.4 million (21.4), representing a decrease of 13.8 per cent. Operating profit decreased from the comparison period to EUR 0.4 million (0.8), representing 2.3 per cent of net sales (3.5). Comparable EBIT amounted to EUR 0.5 million (0.8), corresponding to 2.8 per cent of net sales (3.5).

Net sales increased in North America and South Africa but decreased in the other market areas from the comparison period. By business unit, net sales in the Top Hammer business amounted to EUR 11.5 million (14.3), in the Down the Hole business to EUR 2.9 million (2.4), and in the Geotechnical business to EUR 4.0 million (4.6).

The mining markets benefited from the world market prices of metals, which increased during 2025, as a result of which activity was at a high level globally throughout the year. For the other key customer segments, the market situation remained moderate.

In 2025, received orders totalled EUR 79.6 million (88.8), representing a decrease of 10.4 per cent from the previous year. Robit's net sales decreased 12.8 per cent to EUR 78.8 million (90.3). Net sales decreased in all three business areas, and the most significant drop in net sales was experienced in the Australian market.

2025 net sales decreased in the Top Hammer business by 9.8 per cent. Net sales decreased in all market areas. In Australia and Peru, the company did not renew certain customer contracts, and in the EMEA region sales decreased particularly in West Africa. By contrast, development on the Nordic markets was favourable. This development was supported by successful launches of new product solutions. The Robit RG-series RG51 and RG45 drill rods, launched in 2025, continued to increase their popularity particularly on the Nordic markets. In addition, the Robit® Extreme Carbide drill bits reinforced the company's competitiveness in mining, where productivity and extending the service life of consumables are key factors from the perspective of sustainable development.

Net sales for the Down the Hole business decreased 24.3 per cent in 2025. The decrease in net sales was due to global low-price competition and a challenging competition situation on the key markets. Sales in the drilling of water and geothermal wells continued to develop more favourably than in the mining and quarrying sectors. The company continued to compensate for decreased sales by focusing on winning new customer accounts with mining drilling contractors in southern Africa, and on developing key distributor connections particularly in North America to recover growth. At the start of 2025, Robit supplemented the offering of the modular H-series Down the Hole hammer family, furthering the transition from D-series hammers and Halco general-use hammers to a single uniform product family. The streamlined structure reduces the number of components and significantly improves the efficiency of the company and of its distributor network.

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In the Geotechnical business, net sales decreased 12.6 per cent in 2025. The decrease in net sales was due primarily to the fact that in 2025 the company won fewer major projects than the year before. The successful launch of the new H18 Down the Hole hammer was a major milestone for 2025. The product was well received by the market due to its strong performance characteristics, reliability and modular structure, delivering measurable added value to distributors and end-users alike. Furthermore, the company implemented its first large project under a partial rental agreement, which provided valuable practical experience to develop rental-based business models in the future. During the year, the company delivered to North America several large-sized systems, reinforcing its position in the sales area. In the first half of the year, the biggest integrated system in Robit's history drilled successfully in demanding soil conditions in western Canada. These achievements boost the company's reference portfolio and support Robit's long-term efforts to expand its position in strategically important sales areas in the Nordic countries and North America.

Robit's comparable EBIT in 2025 was EUR 1.7 million (2.5). The weakened profitability was influenced by exchange rate losses and a decrease in net sales. Although we succeeded to improve the sales margin level, decreased net sales weakened overall profitability despite adjustment measures implemented. Robit's net cash flow from operating activities in 2025 was EUR 5.9 million (1.5). The improved cash flow was supported in particular by a freeing up of working capital. Net cash flow from operating activities for the last quarter of the year was EUR 2.5 million (-1.6). In the last quarter of the year, comparable EBIT was 2.8 per cent of net sales (3.5).

The company's development in 2025 did not meet expectations. In 2026, the company's key priority is to get net sales back on a growth track. The market situation is expected to mainly remain unchanged.

SUSTAINABILITY

Robit's sustainability work focuses on four key themes: responsible partnerships, reducing carbon dioxide emissions in the value chain, a happy and healthy workplace, and efficiency throughout the product lifecycle. We made good progress in many areas. We took a major step forward in reducing emissions intensity. In 2025, we were 44.1 per cent below the baseline year of 2020. This positive development was influenced by an increased use of zero-emission energy sources. Robit requires its contracted distributors and production suppliers to commit to the company's ESG principles. Among suppliers, the share of commitments increased in 2025.

	Emission intensity	Waste	Consultative hours per year	LTIF	Sustainable partners	Sustainable distributors
12/2025	-44,1 %	91,5 %	901 h	8,4	98,6 %	84,0 %
12/2024	-39,6 %	86,0 %	1 170 h	7,8	96,6 %	84,1 %
Target	-50,0 %	>90,0 %	>1 000 h	0,0	>90,0 %	>90,0 %

NET SALES

Net sales by product area

EUR thousand	Q4 2025	Q4 2024	Change%	2025	2024	Change%
Top Hammer	11 524	14 332	-19,6 %	51 504	57 104	-9,8 %
Down the Hole	2 900	2 438	18,9 %	11 195	14 792	-24,3 %
Geotechnical	4 005	4 617	-13,3 %	16 062	18 387	-12,6 %
Total	18 428	21 387	-13,8 %	78 762	90 284	-12,8 %

The Group's net sales in the last quarter of the year was EUR 18.4 million (21.4). There was a decrease of 13.8 per cent from the comparison period. In constant currencies, the decrease amounted to 9.8 per cent. The Group's net sales in January–December were EUR 78.8 million (90.3). There was a decrease of 12.8 per cent from the comparison period. In constant currencies, the decrease amounted to 10.5 per cent.

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Top Hammer net sales decreased 19.6 per cent in the last quarter of the year, and review period net sales were EUR 11.5 million (14.3). The decline in net sales was most significant in the Australasia and EMEA regions.

Down the Hole net sales increased 18.9 per cent in the last quarter of the year, and review period net sales were EUR 2.9 million (2.4). Net sales developed positively in the EMEA and Americas regions. Positive development continued particularly in southern Africa, where net sales in the Down the Hole business strengthened year-on-year.

Geotechnical net sales decreased 13.3 per cent in the fourth quarter of the year, and review period net sales were EUR 4.0 million (4.6). Net sales developed positively in the Asia region and, correspondingly, decreased in the other regions.

Net sales by market area

EUR thousand	Q4 2025	Q4 2024	Change%	2025	2024	Change%
EMEA	10 133	11 585	-12,5 %	43 837	47 196	-7,1 %
Americas	4 567	4 517	1,1 %	18 141	19 147	-5,3 %
Asia	1 831	2 666	-31,3 %	8 290	9 003	-7,9 %
Australasia	1 898	2 619	-27,5 %	8 494	14 938	-43,1 %
Total	18 428	21 387	13,8 %	78 762	90 284	-12,8 %

PROFITABILITY

Key figures

EUR thousand	Q4 2025	Q4 2024	Change%	2025	2024	Change%
EBITDA, EUR 1,000	1 308	1 721	-24,0 %	5 169	6 430	-19,6 %
EBITDA, % of net sales	7,1 %	8,0 %		6,6 %	7,1 %
Comparable EBITDA, EUR 1,000	1 408	1 721	-18,2 %	5 467	6 430	-15,0 %
Comparable EBITDA, % of net sales	7,6 %	8,0 %		6,9 %	7,1 %
EBIT, EUR 1,000	421	758	-44,5 %	1 395	2 502	-44,2 %
EBIT, % of net sales	2,3 %	3,5 %		1,8 %	2,8 %
Comparable EBIT, EUR 1,000	522	758	-31,2 %	1 693	2 502	-32,3 %
Comparable EBIT, % of net sales	2,8 %	3,5 %		2,1 %	2,8 %
Result for the period, EUR 1,000	16	566	-97,1 %	-237	1 134	-120,9 %
Result for the period, % of net sales	0,1 %	2,6 %		0,3 %	1,3 %

Comparable EBITDA for the last quarter of the year was EUR 1.4 million (1.7). Comparable EBITDA's share of net sales was 7.6 per cent (8.0). The Group's EBIT was EUR 0.5 million (0.8). EBIT was 2.8 per cent (3.5) of comparison period net sales. The company's gross margins improved, in euro terms, from the comparison period. The company's cost structure adjustment measures had a positive impact on profitability during the review period. Net income for the last quarter of the year was EUR 0.0 million (0.6).

Financial income and expenses in the last quarter of the year were EUR -0.4 million (-0.2), of which interest expenses accounted for EUR -0.3 million (-0.3) and exchange rate changes accounted for EUR -0.1 million (0.1).

In January–December, comparable EBITDA was EUR 5.5 million (6.4). Comparable EBITDA's share of net sales was 6.9 per cent (7.1). The Group's EBIT was EUR 1.7 million (2.5). EBIT was 2.1 per cent (2.8) of January–December net sales. The impact of exchange rate changes was EUR -0.7 million (0.6).

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In January–December, financial income and expenses were EUR -1.3 million (-1.5), of which interest expenses accounted for EUR -1.0 million (-1.5) and exchange rate changes accounted for EUR -0.2 million (0.1). Financial expenses decreased due to a reduced funding margin and a reduced loan stock. Thus, taxes for the financial year were EUR -0.3 million (0.1).

Financial year net income was EUR -0.2 million (1.1).

CASH FLOW AND INVESTMENTS

Consolidated cash flow statement

EUR thousand	Q4 2025	Q4 2024	2025	2024
Net cash flows from operating activities
Cash flows before changes in working capital	1 156	1 371	5 980	6 254
Cash flows from operating activities before financial items and taxes	3 147	-978	7 240	3 035
Net cash inflow (outflow) from operating activities	2 512	-1 562	5 921	1 517
Net cash inflow (outflow) from investing activities	-206	-193	-998	1 451
Net cash inflow (outflow) from financing activities	-2 917	-2 114	-4 155	-5 213
Net increase (+)/decrease (-) in cash and cash equivalents	-611	-3 870	768	-2 245
Cash and cash equivalents at the beginning of the financial year	9 992	12 735	9 040	11 201
Exchange gains/losses on cash and cash equivalents	134	175	-293	85
Cash and cash equivalents at end of the year	9 515	9 040	9 515	9 040

The Group's cash flow in the last quarter of the year before changes in working capital was EUR 1.2 million (1.4). Net cash flow from operating activities was EUR 2.5 million (-1.6). The changes in working capital had an impact of EUR 2.0 million (-2.3). A growth in accounts payable had a EUR 2.2 million (-4.3) impact on the change in working capital, and a decrease in accounts receivable had a EUR 1.6 million (2.4) impact and a change in inventories had a EUR -1.8 million (-0.4) impact. Net cash flow from operating activities in the financial year was EUR 5.9 million (1.5).

Net cash flow from investing activities in the last quarter of the year was EUR -0.2 million (-0.2). Gross investments in production were EUR 0.2 million (0.2). The share of investments in net sales was 1.1 per cent (0.9). Net cash flow from investing activities in the financial year was EUR -1.0 million (1.5). During the financial year, investments were made in the Korean factory. This is in line with Robit's investment plan.

Net cash flow from financing activities in the last quarter of the year was EUR -2.9 million (-2.1). Net changes in loans were EUR -1.7 million (-1.6). The change in bank overdrafts was EUR -0.8 million (0.1). Net cash flow from financing activities in the financial year was EUR -4.2 million (-5.2).

Depreciation, amortisation and write-downs in the last quarter of the year were EUR -0.9 million (-0.9). Depreciation and amortisation in the financial year were EUR -3.8 million (-3.9).

FINANCIAL POSITION

	31.12.2025	31.12.2024
Cash and cash equivalents, EUR thousand	9 515	9 040
Interest-bearing liabilities, EUR thousand	24 556	27 661
of which short-term interest-bearing financial liabilities:	6 697	6 476
Net interest-bearing liabilities, EUR thousand	15 041	18 621
Undrawn credit facility, EUR thousand	6 000	5 895
Gearing,%	35,0 %	40,3 %
Equity ratio,%	52,0 %	50,7 %

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The Group had interest-bearing debt amounting to EUR 24.6 million (27.7), of which EUR 3.4 million (4.0) was IFRS 16 interest-bearing debt. The company had cash and cash equivalents amounting to EUR 9.5 million (9.0) and, in addition, an undrawn credit facility of EUR 6.0 million (5.9). Interest-bearing net liabilities were EUR 15.0 million (18.6), and interest-bearing net bank debt without IFRS 16 debt impact was 11.6 million (14.6). The company's financial position continued to strengthen.

The Group's equity at the end of the review period was EUR 43.0 million (46.2). The Group's equity ratio improved and was 52.0 per cent (50.7). Gearing was 35.0 per cent (40.3).

PERSONNEL AND MANAGEMENT

The number of personnel decreased by 18 persons from the end of the comparison period, and at the end of 2025 was 207 (225). At the end of the review period, 65 per cent of the Group's personnel were located outside Finland.

In addition to CEO Mikko Kuusilehto, the company's Management Team at the end of the review period included Perttu Aho (VP Down the Hole), Jorge Leal (VP Top Hammer), Pia Mutanen (HR Director) and Ari Suokas (CFO).

FINANCIAL TARGETS

Robit's long-term target is to grow faster than average market growth and achieve comparable EBIT profitability of more than 10 per cent.

	Long term target	2023	2024	Rolling 12m per 31.12.2025
Comparable EBIT, % of net sales p.a.	>10 %	-0,1 %	2,8 %	2,1 %

SHARE-BASED INCENTIVE PROGRAMMES

Share-based incentive scheme 2022–2024

On 15 February 2022, Robit Plc's Board of Directors decided on a performance-based share reward scheme for the company's key personnel. On 24 March 2022, Robit's Board of Directors decided to increase the maximum size of the share reward scheme due to the change of CEO.

The share scheme included earning periods of one year and two years. The first earning period of the share scheme comprised the year 2022 and the second earning period comprised the years 2023–2024. The remuneration that may be paid under the share scheme for the 2022 one-year earning period was based on the company's predetermined net cash inflow target in the 2022 financial statements. The remuneration that may be paid under the share scheme for the 2023–2024 two-year earning period was based on the company's predetermined average earnings per share in the financial statements for the years 2023 and 2024. The share scheme's reward for both earning periods was paid in May 2025 as a monetary bonus corresponding to the number of shares.

Share-based incentive scheme 2023–2025

On 20 February 2023, Robit Plc's Board of Directors decided on a performance-based share reward scheme for the company's key personnel. The share scheme includes earning periods of one year and two years. The first earning period of the share scheme comprises the year 2023 and the second earning period comprises the years 2024–2025. The reward for the 2023 earning period is divided into a guaranteed part and a performance-based part. The guaranteed part is 50 per cent of the base share allocation defined for the participant. The remuneration that may be paid under the share scheme for the 2024–2025 two-year earning

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period is based on the company's predetermined average earnings per share in the financial statements for the years 2024 and 2025. The share scheme's potential reward for both earning periods will be paid in May 2026.

The share scheme covers 17 individuals. The total amount of the share rewards payable on the basis of the 2023 and 2024–2025 earning periods corresponds to a maximum of 240,000 Robit Plc shares, representing 1.1 per cent of the company's current share capital.

Share-based incentive scheme 2025–2027

On 25 June 2024, Robit's Board of Directors decided on a share-based incentive scheme for the Group's key personnel. The share scheme has three elements: the key person's personal investment in the company (base share plan), an incentive for the company's additional shares (matching share plan) and a performance-based additional share plan (performance matching plan), which is always based on a one-year performance period, the objectives of which are determined by the company's Board of Directors in January of the year in question. The share-based incentive scheme covers 12 individuals. The company's matching shares and possible performance matching shares will be paid in April 2028. The total amount of share rewards corresponds to a maximum of 303,750 shares, which corresponds to 1.4 per cent of the company's current share capital.

RESOLUTIONS OF THE ANNUAL GENERAL MEETING 2025

Robit Plc's Annual General Meeting was held in Tampere on 8 April 2025. The decisions and other materials related to the meeting are available on the company's website at https://www.robitgroup.com/investor/corporate-governance/general-meeting/.

SHARES AND TRADING VOLUME

On 31 December 2025, the company had 21,179,900 shares and 4,697 shareholders. On 31 December 2025, the market value of the company's shares was EUR 22.7 million. The share closing price was EUR 1.07. The highest price in the review period was EUR 1.59, and the lowest price was EUR 1.03. The trading volume in January–December was 4,589,547 shares (3,569,704). On 31 December 2025, the company held 38,357 treasury shares (0.2% of total shares).

RISKS AND BUSINESS UNCERTAINTIES

Robit's risks and uncertainties are related to possible changes in the company's operating environment and global economic and political developments. The company's opportunities to manage and prevent these risks varies.

The development of the company's net sales and profitability are affected by the development of general market demand, especially in the construction industry, as well as possible loss of customer relationships significant for the company.

Other uncertainty factors include exchange rate development, the functioning of information systems, risks related to the security of supply and logistics, IPR risks as well as the price and availability of financing. Passing on the increase in raw material costs fully to customer prices may pose a financial risk. Changes in export countries' tax and customs legislation may adversely impact the company's export trade or its profitability. Risks related to information security and cyber threats may also have a detrimental effect on Robit's business. Potential changes in the business environment may adversely impact the payment behaviour of the Group's customers and increase the risk of litigation, legal claims and disputes related to Robit's products and other operations.

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CHANGES IN GROUP STRUCTURE

The Group's subsidiary, Robit Asia Ltd, Hong Kong, was dissolved on 14 March 2025. The company had no business operations during the financial year.

OTHER EVENTS IN OCTOBER–DECEMBER 2025

On 27 October 2025, Robit Plc issued a profit warning. The company estimated that net sales for 2025 will decrease compared to 2024. The company estimated that comparable EBIT profitability in EUR will decrease from 2024.

On 28 October 2025, the company published the Interim Report for 1 January–30 September 2025.

On 28 October 2025, Robit Plc published the company's 2026 schedule for financial information and for the Annual General Meeting.

On 1 December 2025, the company announced that the Chair of Robit Plc's Board of Directors, Markku Teräsvasara resigned from the Board on 31 December 2025 and will not be available for the Board in 2026. The Board of Directors elected from amongst its members Harri Sjöholm, Vice Chair of Robit Plc's Board, as Chair of the Board of Directors starting on 1 January 2026 until the 1 April 2026 Annual General Meeting.

On 19 December 2025, Robit Plc announced the proposals of the Shareholders' Nomination Committee to the 2026 Annual General Meeting.

At its meeting on 22 December 2025, the company's Board of Directors decided to transfer a total of 80,769 company shares to the members of the Board of Directors as Board remuneration on the basis of the Board's 2025 term of office. The decision was based on the authorisation given by the Annual General Meeting on 8 April 2025. At the closing price effective on 16 December 2025 (EUR 1.04), the total value of the shares to be transferred was EUR 84,000. The share rewards were paid with the company's treasury shares held by Robit Plc, which is why the total number of the company's shares remained changed. Before the transfer, Robit Plc held 118,359 treasury shares, representing 0.6 per cent of the total number of the company's shares.

On 31 December 2025, Robit Plc transferred a total of 80,002 company shares as Board remuneration to the Board members on the basis of the Board's 2025 term of office. After the transfer, Robit Plc held 38,357 treasury shares, corresponding to approximately 0.2 per cent of the total number of the company's shares.

TREATMENT OF RESULT FOR THE FINANCIAL YEAR

The Board of Directors proposes to the Annual General Meeting that the parent company's profit for the financial year that ended on 31 December 2025, EUR 222,694.98, be transferred to retained earnings.

DISTRIBUTION OF FUNDS TO SHAREHOLDERS

The Board of Directors proposes to the Annual General Meeting that no dividend be paid for the 2025 financial year.

EVENTS AFTER THE REVIEW PERIOD

On 13 January 2026, Robit Plc's Board of Directors decided on a performance-based share reward scheme for 2026–2028 for the company's key personnel. The scheme has three elements: the key person's own investment in the company, reward shares by the company (stay matching) and performance-based additional share plan (performance matching). The performance-based additional share plan includes three one-year earning periods: the calendar years 2026, 2027 and 2028. No later than in January of the year in question, the Board of Directors will decide the targets for each year separately. The company's stay matching shares and performance matching shares will be paid in April 2029. If the scheme criteria are satisfied in full and in accordance with the target setting determined by the company's Board of Directors, a total of 337,500 shares

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will be paid on the basis of the share scheme, corresponding to 1.59 per cent of the company's current share capital. The share-based incentive scheme covers a maximum of 15 individuals.

Lempäälä, 18 February 2026

ROBIT PLC Board of Directors

For more information, contact:

Mikko Kuusilehto, CEO +358 40 658 7822 mikko.kuusilehto@robitgroup.com

Ari Suokas, CFO +358 40 576 1414 ari.suokas@robitgroup.com

Distribution: Nasdaq Helsinki Ltd Key media www.robitgroup.com

Robit manufactures and sells rock and earth drilling consumables internationally to the mining and construction markets. The company's operations are based on high quality, reliability of supply and customer confidence in drilling consumables. Through innovative Top Hammer, Down the Hole (DTH) and Geotechnical products, and customer-based services, Robit delivers savings in drilling costs to its customers. Robit has its own sales and service points in seven countries and an active distributor network through which it sells to more than 100 countries. The company's manufacturing units are located in Finland, South Korea and the UK. Robit's share is listed on Nasdaq Helsinki Ltd. Further information at www.robitgroup.com.

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CONDENSED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

EUR thousand	10–12/2025	10–12/2024	2025	2024
Net sales	18 428	21 387	78 762	90 284
Other operating income	869	934	2 433	1 629
Materials and services*	-11 716	-13 981	-49 634	-59 963
Employee benefit expense	-3 149	-3 505	-13 083	-14 058
Depreciation and amortisation	-886	-963	-3 774	-3 928
Impairment	-72	-69	12	-414
Other operating expense*	-3 052	-3 045	-13 321	-11 048
EBIT (Operating profit/loss)	421	758	1 395	2 502
Finance income and costs
Interest income and finance income	48	238	525	453
Interest cost and finance cost	-400	-463	-1 831	-1 920
Finance income and costs net	-352	-224	-1 306	-1 466
Profit/loss before tax	69	534	89	1 036
Taxes
Income tax	-166	-156	-472	-156
Change in deferred taxes	113	188	147	254
Income taxes	-53	32	-326	98
Result for the period	16	566	-237	1 134
Attributable to:
Parent company shareholders	134	652	-304	1 099
Non-controlling interests**	-117	-86	67	35
	16	566	-237	1 134
Other comprehensive income
Items that may be reclassified to profit or loss in subsequent periods:
Cash flow hedges	57	-176	-165	-233
Translation differences***	2	-399	-2 825	-183
Other comprehensive income, net of tax	59	-575	-2 990	-416
Total comprehensive income	75	-9	-3 227	717
Attributable to:
Parent company shareholders	175	89	-3 320	675
Non-controlling interest**	-100	-98	93	43
Consolidated comprehensive income	75	-9	-3 227	717
Earnings per share

^*In the condensed income statement, changes in inventories are presented in materials and services, and manufacture for own use in other operating expenses.

^**Founded in 2015 by Robit SA, Black Employees Empowerment Trust owns 26% of the shares of Robit SA.

^***The Group has internal loans that are treated as net investments in foreign entities in accordance with IAS 21 The Effects of Changes in Foreign Exchange Rates.

{11}------------------------------------------------

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

EUR thousand	31.12.2025	31.12.2024
ASSETS
Non-current assets
Goodwill	5 287	5 559
Other intangible assets	520	717
Property, plant and equipment	13 204	15 757
Loan receivables	63	79
Derivatives	71	278
Deferred tax assets	1 598	1 555
Total non-current assets	20 744	23 946
Current assets
Inventories	37 786	40 232
Account and other receivables	14 604	17 814
Loan receivables	66	120
Current tax assets	229	155
Cash and cash equivalents	9 515	9 040
Total current assets	62 200	67 362
Total assets	82 944	91 307
EQUITY AND LIABILITIES
Equity
Share capital	705	705
Share premium	202	202
Reserve for invested unrestricted equity	82 147	82 147
Translation differences	-6 144	-3 294
Fair value reserve	57	222
Retained earnings	-34 057	-35 214
Profit/loss for the year	-304	1 099
Equity attributable to parent company shareholders in total	42 606	45 867
Non-controlling interests*	407	341
Capital and reserves in total	43 012	46 208
Liabilities
Non-current liabilities
Borrowings	16 039	18 439
Lease liabilities	1 820	2 746
Deferred tax liabilities	163	222
Employee benefit obligations	88	139
Total non-current liabilities	18 110	21 545
Current liabilities
Borrowings	5 121	5 182
Lease liabilities	1 576	1 294
Advances received	206	121
Income tax liabilities	6	106
Account payables and other liabilities	14 880	16 818
Other provisions	33	33
Total current liabilities	21 822	23 554
Total liabilities	39 932	45 099
Total equity and liabilities	82 944	91 307

^*Founded in 2015 by Robit SA, Black Employees Empowerment Trust owns 26% of the shares of Robit SA.

{12}------------------------------------------------

CONSOLIDATED CASH FLOW STATEMENT

EUR thousand	Q4 2025	Q4 2024	2025	2024
Cash flows from operating activities
Profit before tax	69	534	89	1 036
Adjustments:
Depreciation, amortisation, and impairment	886	963	3 775	3 928
Finance income and costs	352	224	1 306	1 466
Share-based payments to employees	83	20	83	107
Loss (+)/Gain (-) on sale of property, plant and equipment	0	288	28	141
Other non-cash transactions	-235	-658	698	-425
Cash flows before changes in working capital	1 156	1 371	5 980	6 254
Change in working capital
Increase (-)/decrease (+) in account and other receivables	1 606	2 360	1 485	-1 315
Increase (-)/decrease (+) in inventories	-1 850	-396	30	-4 071
Increase (+)/decrease (-) in account and other payables	2 234	-4 313	-255	2 168
Cash flows from operating activities before financial items and taxes	3 147	-978	7 240	3 035
Interest and other finance expenses paid	-453	-644	-1 103	-1 694
Interest and other finance income received	25	46	122	183
Income taxes paid	-206	13	-337	-7
Net cash inflow (outflow) from operating activities	2 512	-1 562	5 921	1 517
Cash flows from investing activities
Other financial assets increase (-) / decrease (+)	0		0	1 628
Purchases of property, plant and equipment	-206	0 -178	-961	-431
Purchases of intangible assets	-8	-13	-75	-39
Proceeds from the sale of property, plant and equipment	0	-27	-28	155
Proceeds from loan receivables	8	25	66	139
Net cash inflow (outflow) from investing activities	-206	-193	-998	1 451
Cash flows from financing activities
Acquisition of own shares	0	-218	0	-218
Dividend payment	-26	-27	-26	-27
Drawdowns of non-current loans	0	0	19 500	0
Amortizations of non-current loans	-1 673	-1 552	-21 992	-3 405
Change in bank overdrafts	-830	105	-105	105
Payment of leasing liabilities	-388	-422	-1 532	-1 668
Net cash inflow (outflow) from financing activities	-2 917	-2 114	-4 155	-5 213
Net increase (+)/decrease (-) in cash and cash equivalents	-611	-3 870	768	-2 245
Cash and cash equivalents at the beginning of the financial year	9 992	12 735	9 040	11 201
Exchange gains/losses on cash and cash equivalents	134	175	-293	85
Cash and cash equivalents at end of the year	9 515	9 040	9 515	9 040

{13}------------------------------------------------

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

• A = Share capital
• B = Share premium
• C = Reserve for invested unrestricted equity
• D = Cumulative translation difference
• E = Fair value reserve
• F = Retained earnings

G = Equity attributable to parent company
H = Non-controlling interests
I = Capital and reserves in total
EUR thousand	A	B	C	D	E	F	G	H	I
Equity as at 1 January 2024	705	202	82 147	-3 103	455	-35 102	45 304	325	45 629
Profit for the period						1 099	1 099	35	1 134
Other comprehensive income
Cash flow hedges					-233		-233		-233
Translation differences				-191			-191	8	-183
Total comprehensive changes				-191	-233	1 099	675	43	717
Share-based payments to employees						20	20		20
Acquisition of treasury shares						-218	-218		-218
Use of treasury shares in the remuneration of the Board of						87	87		87
Directors Dividend distribution							0	-27	-27
Total transactions with owners, recognised directly in equity						-111	-111	-27	-138
Equity as at 31 December 2024	705	202	82 147	-3 294	222	-34 115	45 867	341	46 208
EUR thousand	A	B	C	D	E	F
							G	H	I
Equity as at 1 January 2025	705	202	82 147	-3 294	222	-34 115	45 867	341
Profit for the period						-304	-304	67
Other comprehensive income
Cash flow hedges					-165		-165
Translation differences				-2 850			-2 850	26
Total comprehensive changes				-2 850	-165	-304	-3 320	93
Share-based payments to employees						-24	-24
Use of treasury shares in the remuneration of the Board of						83	83
Directors Dividend distribution							0	-27
Total transactions with owners, recognised directly in equity						59	59	-27	46 208 -237 -165 -2 825 -3 227 -24 83 -27 32

{14}------------------------------------------------

NOTES

Contents

• 1. Scope and principles of the interim report
• 2. Key figures and calculation
• 3. Breakdown of net sales
• 4. Financing arrangements
• 5. Changes to property, plant and equipment
• 6. Given guarantees
• 7. Goodwill impairment testing
• 8. Derivatives

1. SCOPE AND PRINCIPLES OF THE INTERIM REPORT

This financial statement release has been prepared in accordance with the IAS 34 'Interim Financial Reporting' standard using the same principles as are used in the annual financial statements. The financial statement release and interim reports have not been audited.

For reporting net sales for 2024, Robit combines the East market with the EMEA market due to the ceased business operations in Russia and the subsequent relatively small size of net sales in the East region as part of the Group's net sales.

All figures in the condensed financial statements and in the notes are rounded, which is why the sum of individual figures may deviate from the sum presented.

2.1 KEY FIGURES

Consolidated key figures	Q4 2025	Q4 2024	2025	2024
Net sales, EUR 1,000	18 428	21 387	78 762	90 284
EBIT, EUR 1000	421	758	1 395	2 502
EBIT, per cent of sales	2,3 %	3,5 %	1,8 %	2,8 %
Earnings per share (EPS), EUR	0,01	0,03	-0,01	0,05
Return on equity (ROE), %			-0,7 %	2,4 %
Return on capital employed (ROCE), %			2,7 %	3,9 %
Equity ratio, %			52,0 %	50,7 %
Net gearing, %			35,0 %	40,3 %
Gross investments, EUR 1,000	214	190	1 036	471
Gross investments, % of net sales	1,2 %	0,9 %	1,3 %	0,5 %
Number of shares (outstanding shares)			21 141 543	21 061 541
Treasury shares (owned by the Group)			38 357	118 359
Percentage of votes/shares			0,18 %	0,56 %

2.2 CONSOLIDATING ALTERNATIVE KEY FIGURES

Robit presents alternative key figures to supplement the key figures given in the IFRS-compliant consolidated profit and loss accounts, consolidated balance sheets and consolidated cash flow statements. Robit considers that the alternative figures provide significant extra insight into Robit's performance, financial position and cash flows. These figures are often used by analysts, investors and other parties.

The alternative key figures should not be examined separately from the IFRS key figures or as replacements for the IFRS key figures. Not all companies calculate their alternative key figures in a uniform manner, so

{15}------------------------------------------------

Robit's alternative figures may not be directly comparable to those presented by other companies, even if they carry the same headings.

The following events affect comparability: costs relating to being listed on the stock exchange and share issue, acquisition costs and business restructuring costs.

Comparable EBITDA and EBIT

EUR thousand	Q4 2025	Q4 2024	2025	2024
EBIT (Opreating profit)	421	758	1 395	2 502
Depreciation, amortization and impairment	886	963	3 774	3 928
EBITDA	1 308	1 721	5 169	6 430
Items affecting comparability	101	0	298	0
Comparable EBITDA	1 408	1 721	5 467	6 430
EBIT (Operating profit)	421	758	1 395	2 502
Amortisation of acquisitions	35	37	145	147
EBITA	457	796	1 540	2 649
EBIT (Operating profit)	421	758	1 395	2 502
Items affecting comparability	101	0	298	0
Comparable EBIT (Operating profit)	522	758	1 693	2 502

{16}------------------------------------------------

2.3 CALCULATION OF KEY FIGURES

EBITDA

EBIT + Depreciation, amortization and impairment

EBITA

EBIT + Amortisation of customer relationships

Net working capital

Inventory + Accounts receivables and other receivables – Accounts payables and other liabilities

Earnings per share (EPS), EUR

Profit (loss) for the financial year

Amount of shares adjusted with the share issue (average during the financial year)

Return on equity (ROE), %

Profit (loss) for the financial year x 100

Equity (average during the financial year)

Return on capital employed (ROCE), %

Profit before taxes + Interest expenses and other financing expenses x 100

Equity (average during the financial year) + Interest-bearing financial liabilities (long-term and short-term loans from financial institutions, average during the financial year)

Net interest-bearing financial liabilities

Long-term and short-term loans from financial institutions – Cash and cash equivalents – Short-term financial securities

Equity ratio, %

Equity x 100 Balance sheet total – Advances received

Gearing, %

Net interest-bearing financial liabilities x 100

Equity

3. BREAKDOWN OF NET SALES

The IFRS 15 recognition of entries as revenue is identical within each business unit and market area.

NET SALES

Net sales by strategic business unit

EUR thousand	Q4 2025	Q4 2024	Muutos %	2025	2024	Muutos %
Top Hammer	11 524	14 332	-19,6 %	51 504	57 104	-9,8 %
Down the Hole	2 900	2 438	18,9 %	11 195	14 792	-24,3 %
Geotechnical	4 005	4 617	-13,3 %	16 062	18 387	-12,6 %
Yhteensä	18 428	21 387	-13,8 %	78 762	90 284	-12,8 %

Net sales by market area

EUR thousand	Q4 2025	Q4 2024	Muutos %	2025	2024	Muutos %
EMEA	10 133	11 585	-12,5 %	43 837	47 196	-7,1 %
Americas	4 567	4 517	1,1 %	18 141	19 147	-5,3 %
Asia	1 831	2 666	-31,3 %	8 290	9 003	-7,9 %
Australasia	1 898	2 619	-27,5 %	8 494	14 938	-43,1 %
Yhteensä	18 428	21 387	-13,8 %	78 762	90 284	-12,8 %

{17}------------------------------------------------

4. FINANCING ARRANGEMENTS

The company's cash and cash equivalents totalled EUR 9.5 million on 31 December 2025. In addition, the company has an undrawn credit facility of EUR 6.0 million. The company's sufficient liquidity is secured by way of cash and cash equivalents and credit facility.

The covenants of the parent company's loans are based on the Group's net liabilities/EBITDA ratio and on the Group's equity ratio. The net debt/EBITDA ratio under the financing agreement at the covenant review date on 31 December 2025 must not exceed 3.50. The ratio of net liabilities to EBITDA on 31 December 2025 was 2.91.

INTEREST-BEARING LOANS

EUR thousand	31.12.2025	31.12.2024
Non-current borrowings
Loans from credit institutions	16 028	18 426
Other loans	12	12
Lease liabilities	1 820	2 746
Total non-current borrowings	17 859	21 185
Current borrowings
Loans from credit institutions	5 121	5 077
Bank overdrafts	0	105
Lease liabilities	1 577	1 295
Total current borrowings	6 697	6 476
Total borrowings	24 556	27 661

5. CHANGES TO PROPERTY, PLANT AND EQUIPMENT

EUR thousand	31.12.2025	31.12.2024
Cost at the beginning of period	40 811	47 453
*Other changes	0	-970
Additions	1 853	2 125
Disposals	-431	-6 968
Exchange differences	-2 153	-829
Cost at the end of period	40 080	40 811
Accumulated depreciation and impairment at the beginning of period	-25 054	-27 892
*Other changes	0	970
Depreciation	-3 525	-3 767
Disposals	352	5 285
Exchange differences	1 352	351
Accumulated depreciation and impairment at the end of period	-26 875	-25 054
Net book amount at the beginning of period	15 757	19 561
Net book amount at the end of period	13 204	15 757

^*Other changes include corrections of IFRS 16 asset calculation

6. GIVEN GUARANTEES

EUR thousand	31.12.2025	31.12.2024
Guarantees and mortgages given on own behalf	47 974	46 041
Other guarantee liabilities	86	89
Total	48 061	46 130

{18}------------------------------------------------

7. GOODWILL IMPAIRMENT TESTING

The amount of goodwill is reviewed at least annually in accordance with the IFRS provisions. The values of the goodwill testing variables are also revised if there have been material changes in business, competition, the market or other goodwill testing assumptions.

For 30 October 2025 and 31 December 2025, the company carried out goodwill testing for the Top Hammer, Down the Hole and Geotechnical cash flow-generating units. In connection with this testing, the company has assessed the changes in the company's operating environment and their impact on the company's long-term profitability and cash flows. Based on the impairment testing, there is no need for goodwill write-downs.

8. DERIVATIVES

The company hedges the most significant net currency positions that can be forecast for time, volume and interest rate risk.

There were no open currency derivatives at the end of the review period.

On 27 June 2025, the company concluded a EUR 25.5 million financing agreement and, in connection with this, a EUR 10.0 million interest rate swap with an interest rate cap in order to hedge part of its exposure to variable interest rates. The company applies hedge accounting to the interest rate swap in accordance with IFRS 9. This effectively leads to recording the interest expenses of the hedged floating rate loan at a fixed rate in the profit and loss account.

The company's main interest rate risk arises from long-term loans with floating interest rates that expose the Group's cash flow to interest rate risk. The Group's policy is to use, if necessary, a floating to fixed interest rate swap.

Interest derivatives

EUR thousand	31.12.2025	31.12.2024
Interest rate swaps
Nominal value	10 000	10 000
Fair value	71	278

{19}------------------------------------------------

Robit Plc • Vikkiniityntie 9, FI-33880 Lempäälä (Tampere), Finland

Tel. +358 3 3140 3400 • investors@robitgroup.com • Business ID: FI08256270 • robitgroup.com