Solteq Oyj — Audit Report / Information 2025

Feb 12, 2026

Solteq Plc's Financial Statements Bulletin January 1 - December 31, 2025

Solteq Plc's Financial Statements Bulletin January 1 - December 31, 2025

Stock Exchange Bulletin
Financial Statement Release
February 12, 2026, at 8.00 am

Comparable revenue and comparable operating result improved in the last quarter,
but profitability fell short of expectations

October-December

· Comparable revenue totaled EUR 12.1 million (11.9) and increased by 1.1
percent. Revenue totaled EUR 12.1 million (12.5) and decreased by 3.2 percent
· Comparable EBITDA was EUR 0.8 million (0.7) and EBITDA EUR 0.6 million
(2.2). Comparable EBITDA percent was 6.5 (5.6)
· Comparable operating result was EUR 0.5 million (0.2) and operating result
EUR 0.3 million
(1.8). Comparable operating result percent was 4.1 (1.9)
· Earnings per share was EUR -0.01 (0.03)

January-December

· Comparable revenue totaled EUR 46.7 million (48.8) and decreased by 4.3
percent. Revenue totaled EUR 46.7 million (50.9) and decreased by 8.1 percent
· Comparable EBITDA was EUR 2.2 million (2.5) and EBITDA EUR 2.1 million
(4.1). Comparable EBITDA percent was 4.6 (5.2)
· Comparable operating result was EUR 0.8 million (0.4) and operating result
EUR 0.8 million
(1.8). Comparable operating result percent was 1.7 (0.8)
· Earnings per share was EUR -0.07 (-0.06)
· Solteq Group's equity ratio was 29.5 percent (30.9)
· Net cash flow from operating activities was EUR -1.7 million (1.6)
· Comparable revenue remains at the same level and comparable operating result
improves clearly.

Key figures

                10       10       Change %  1-12/2025  1-12/2024  Change %
                -12/202  -12/202
                5        4

Revenue, TEUR 12,070 12,475 -3.2 46,735 50,869 -8.1
Comparable 12,062 11,933 1.1 46,717 48,818 -4.3
revenue, TEUR
EBITDA, TEUR 620 2,213 -72.0 2,123 4,073 -47.9
Comparable EBITDA, 789 673 17.2 2,166 2,539 -14.7
TEUR
Operating result, 324 1,758 -81.6 765 1,809 -57.7
TEUR
Comparable 494 228 116.6 810 369 119.1
operating result,
TEUR
Result for the -228 591 -138.6 -1,365 -1,211 -12.7
financial period,
TEUR
Earnings per -0.01 0.03 -138.6 -0.07 -0.06 -12.7
share, EUR
Operating result, 2.7 14.1 1.6 3.6
%
Comparable 4.1 1.9 1.7 0.8
operating result,
%
Equity ratio, % 29.5 30.9

CEO Aarne Aktan: Comparable revenue and comparable operating result improved in
the last quarter, but profitability fell short of expectations

In the last quarter, the Group's comparable revenue amounted to EUR 12.1
million, an improvement year-on-year for the first time in eight quarters. The
development was driven by growth in the Utilities business, in particular.
Despite the increase in revenue, financial performance remained below
expectations, especially in the Retail & Commerce segment, and the company
issued a profit warning in December 2025. The Group's comparable operating
result amounted to EUR 0.5 million, an improvement of EUR 0.3 million relative
to the comparison period.

The Retail & Commerce segment performed below expectations during the last
quarter. The segment's comparable revenue amounted to EUR 8.8 million, down by
EUR 0.3 million from the comparison period. The segment's comparable operating
result amounted to EUR 0.8 million, a decrease of EUR 0.1 million year-on-year.
The segment's performance was impacted by cautious customer demand and delays in
decision-making in several new customer projects.

The revenue development in the Utilities segment was pleasing during the last
quarter. The segment's revenue amounted to EUR 3.2 million, up by EUR 0.5
million from the comparison period. The comparable operating result for the last
quarter amounted to EUR -0.3 million, an improvement of EUR 0.3 million year-on
-year. Investments in product development continued, and new software solutions
will be introduced to the market in phases during the current financial year.
The focus, during the current financial year, is on strengthening the
prerequisites for profitable growth and turning the segment's results positive.

During the first quarter of the current financial year, change negotiations were
initiated to adjust the company's workforce to current demand, streamline
operations, and improve profitability. Through these measures, the company
estimates achieving annual savings of approximately EUR 2.1 million. At the same
time, the company continues its long-term efforts to strengthen its offering,
competitiveness, customer value, and growth opportunities.

The operating environment for the Retail & Commerce segment remains tough, and
customer demand is expected to stay cautious, also in the near future. The
Utilities segment's outlook is moderate: while customer market consolidation is
reducing the overall market size, changes in regulation and market practices
create demand for new IT solutions.

Profit Guidance 2026

Comparable revenue remains at the same level and comparable operating result
improves clearly.

Financial reporting

The Financial Statements Bulletin has been prepared in accordance with the
recognition and valuation principles of IFRS standards and using IAS 34 and the
same accounting policies as the Financial Statements 2024. The new IFRS
standards, taken into use on January 1, 2025, do not have a significant impact
on the Group's Financial Statements Bulletin. The Financial Statements Bulletin
is based on the unaudited Financial Statements of 2025.

Attachments

Solteq Plc's Financial Statements Bulletin January 1 - December 31, 2025

Further Information

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50567 3421
E-mail: mikko.sairanen@solteq.com

Distribution

Nasdaq Helsinki
Key media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in
retail and energy sectors and needs related to e-commerce. The company employs
approximately 400 professionals and operates in Finland, Sweden, Norway,
Denmark, Poland, and the UK.

Attachments: