Proventia Group Corporation's Half-year Financial Report January–June 2026

April–June 2026 in brief

• The Group’s net sales increased by 22.5% from the previous year to EUR 15.2 (12.4) million
• The operating profit was EUR 2.4 (1.6) million
• The operating profit rate was 15.8% (13.2%)
• The profit for the period was EUR 2.6 (1.0) million
• Earnings per share (undiluted) were EUR 0.16 (0.06)

January–June 2026 in brief

• The Group’s net sales increased by 17.4% from the previous year to EUR 28.8 (24.6) million
• The operating profit was EUR 4.0 (3.4) million
• The operating profit rate was 13.7% (13.9%)
• The profit for the period was EUR 3.7 (2.4) million
• Earnings per share (undiluted) were EUR 0.23 (0.15)
• The group had 204 (173) employees at the end of June

The figures in brackets refer to the same period in the previous year.

Key Figures

EUR 1,000	4-6/2026	4-6/2025	1-6/2026	1-6/2025	1-12/2025
Net sales	15,191	12,402	28,837	24,557	47,426
Change in net sales, %	22.5%	6.3%	17.4%	10.8%	13.1%
Operating profit	2,400	1,632	3,962	3,411	5,717
Operating profit, %	15.8%	13.2%	13.7%	13.9%	12.1%
Earnings per share (EPS), undiluted, EUR	0.16	0.06	0.23	0.15	0.26
Earnings per share (EPS), diluted, EUR	0.15	0.06	0.21	0.14	0.25
Return on equity (ROE), %	21.4%	6.6.%	21.4%	6.6.%	9.3%
Equity ratio, %	53.1%	66.2%	53.1%	66.2%	59.1%
Return on capital employed (ROCE), %	18.5%	10.6%	18.5%	10.6%	11.8%
Interest-bearing liabilities	6,774	3,246	6,774	3,246	7,173
Net debt	2,851	-2,153	2,851	-2,153	68
Investments	1,153	239	1,630	1,299	1,853

President and CEO Jari Lotvonen:

Strong growth in net sales continued during the second quarter of 2026. Net sales for April–June increased by 22.5% compared to the corresponding period last year and amounted to EUR 15.2 million (EUR 12.4 million). Operating profit increased to EUR 2.4 million (EUR 1.6 million), with an operating profit margin of 15.8% (13.2%). Net sales growth and improved profitability were driven in particular by the start of serial production of a new product in autumn 2025 and favorable market conditions in the mining industry. Production volumes among agricultural and forestry machinery manufacturers generally remained at a moderate level.

Net sales for January–June increased by 17.4% year-on-year to EUR 28.8 million (EUR 24.6 million), while the operating profit margin remained at the level of the comparison period. We expect net sales growth to continue but to slow down during the second half of the year. In addition to moderate demand in the agricultural and forestry machinery sector, our customers’ holiday periods will also affect demand.

Our development project backlog remains very strong, and customer demand for new development projects is at a record level. During the review period, we progressed as planned in customer-specific development projects and continued investments in the development of emission control systems for larger engine power classes. Potential applications for larger engines include generators used in data centers and grid stabilization, and demand for these generators is expected to grow.

During the review period, we delivered the first lithium iron phosphate (LFP) battery systems to a customer. These first customer deliveries represent a significant milestone in the development of our Electric Powertrain product family and demonstrate the commercial potential of our LFP battery systems. The bankruptcy filing announced in May by our battery cell supplier Morrow Batteries has had no impact on Proventia’s customer deliveries.

Throughout the review period, we strengthened our R&D and production resources and further developed our organizational capabilities to respond to growing customer demand. This was reflected in higher personnel expenses and other operating expenses.

The strong business performance during the first half of the year, our record-high development project backlog, and the commercial progress of the Electric Powertrain product family support the execution of our strategy and the achievement of our long-term growth objectives.

Guidance for 2026 (unchanged)

Net sales and the operating profit are expected to increase in 2026 from the 2025 level. In 2025, net sales were EUR 47.4 million, and the operating profit was EUR 5.7 million.