Interim report
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Roblon A/S | Fabriksvej 7 , Gærum | DK-9900 Frederikshavn | CVR no. 57 06 85 15 Interim report for Q3 2025/26 Contents 02 Highlights 03 Full-year guidance for 2025/26 04 Financial highlights 05 Interim report for Q3 2025/26 06 Financial calendar and published company announcements 07 Statement by Management 08 Income statement and statement of comprehensive income 09 Balance sheet 10 Statement of changes in equity 11 Statement of cash flows 12 Notes to the financial statements
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2021/22 2023/242022/23 2024/25 2025/26 0 35 70 105 140 175 210 -10 0 10 20 30 40 50 2021/22 2023/242022/23 2024/25 2025/26 -15 -5 5 15 25 35 2021/22 2023/242022/23 2024/25 2025/26 Roblon’s revenue and earnings for the third quarter of 2025/26 fell short of Management’s guidance at the beginning of the quarter The Board of Directors of Roblon A/S has today considered and approved the interim report for the first three quarters of 2025/26. interruption of orders for strength members for submarine energy cables. An additional factor was an unexpected interruption of orders from the offshore oil and gas industry. Order intake increased in the FOC product group. The European FOC market is gradually recovering, and Roblon maintains its focus on an intensified sales drive. The order intake in Q3 2025/26 grew to DKKm 61.9 (DKKm 38.6). The improvement was mainly ascribed to the Composite product group. Q1-Q3 Revenue (DKKm) Q1-Q3 EBITDA before special items (DKKm) Q1-Q3 EBIT before special items (DKKm) stated in Company Announcement no. 8 dated 27 August 2026, Management consequently down- graded its profit guidance for the financial year 2025/26. The primary reason for the downgrade was that one of Roblon’s largest customers in the offshore oil and gas industry has temporarily reduced its procure- ment due to excess inventories. This had a greater negative impact on order intake and revenue than previously expected, while the anticipated improve- ment in the FOC product group also proved lower than expected. The Group’s order intake for the first three quarters of 2025/26 was reduced to DKKm 131.4 (DKKm 183.2), mainly due to the decline in the Composite product group, which is experiencing an anticipated 1 In the interim report, realised amounts for the same period of the previous year are stated in brackets. Summary of Q1-Q3 2025/26: Consolidated revenue amounted to DKKm 110.9 against DKKm 182.3 in the year-earlier period. As expected, the decline was attributable to the Composite product group, whereas the FOC product group experienced an increase in revenue. EBITDA before special items was a loss of DKKm 6.3 (a profit of DKKm 43.7)1. EBIT before special items was a loss of DKKm 14.4 (a profit of DKKm 33.3), and profit/loss from continuing operations before tax was a loss of DKKm 13.5 (a profit of DKKm 28.7). Revenue and earnings for the first three quarters of 2025/26 were lower than the year-earlier levels. As 2 Interim report Q3 2025/26
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Full-year guidance for 2025/26 As a consequence of the above, in Company Announcement no. 8 dated 27 August 2026 Roblon’s Management downgraded its profit guidance for the financial year 2025/26, and this lower guidance is main- tained. Management guides the following for full year 2025/26: • Revenue: DKKm 150 to DKKm 170 • EBITDA before special items: DKKm -10 to DKKm 0 • EBIT before special items: DKKm -20 to DKKm -10 Based on the lower activity level and updated market outlook, Management implemented necessary cost adjustments during the first quarter of 2025/26, which included organisational changes. These measures are expected to lower costs by some DKKm 5 for full year 2025/26. In previous company announcements, Roblon has stated that the performance for the 2025/26 financial year would be affected by a changed product mix, among other things due to lower revenue from supplies for subma- rine energy cables. Roblon’s activities in this field are relatively new and project based, and the level of activity in this market is subject to major fluctuations from year to year – also in a growing market. Roblon is currently engaged in dialogues with customers, development work and talks regarding supplies for submarine energy cable projects that are expected to commence after 2025/26. Management expects to return to a higher activity level in this area as well as overall in 2026/27 . Statements about future developments are subject to uncertainty. A number of factors are beyond Roblon’s control. Consequently, actual results may differ significantly from the expressed expectations. These factors include changes in market conditions and the competitive situation, cyclical developments, exchange rate fluctuations and general economic and political conditions. 3 Interim report Q3 2025/26
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Financial highlights for the Group Unit Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Ratios Book-to-bill ratio % 163.0 55.7 118.5 100.5 91.7 Revenue growth % -45.2 3.8 -39.1 2.8 -3.5 Gross margin % 62.2 58.0 59.1 62.9 61.8 EBIT margin % -3.4 20.6 -13.0 18.3 13.3 ROIC/return on average invested capital1 % -3.6 34.6 -13.0 26.8 18.7 Equity ratio % 72.9 71.6 72.9 71.6 75.3 Return on equity1 % -0.8 20.4 -8.6 13.9 -15.2 Employees Average no. of full-time employees No. 165 175 168 176 176 Gross profit per full-time employee DKKm 0.1 0.2 0.4 0.7 0.8 Per share ratios Earnings per DKK 20 share (EPS)1 DKK -0.2 6.1 -7.2 12.5 -16.0 Price/earnings ratio (PE) DKK -495.0 21.0 -13.8 10.2 -7.2 Cash flow from operations per DKK 20 share DKK -1.4 8.0 -0.4 2.8 17.6 Proposed dividend (% of nominal value) % - - - - 50.0 Book value of shares1 DKK 82.3 98.8 82.3 98.8 99.5 Quoted year-end market price DKK 99.0 128.0 99.0 128.0 115.0 Price/book value 1.2 1.3 1.2 1.3 1.2 1 The ratio is calculated on a full-year basis. The ratios are defined in note 33 to the 2024/25 annual report, Financial ratio definitions and formulas. Unit Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Orders Order intake DKKm 61.9 38.6 131.4 183.2 217.3 Order book DKKm 53.7 54.0 53.7 54.0 33.2 Consolidated income statement Revenue DKKm 38.0 69.3 110.9 182.3 236.9 Gross profit DKKm 23.6 40.2 65.6 114.6 146.3 Operating profit/loss before depreciation, amortisation and impairment (EBITDA) and before special items DKKm 1.2 17.5 -6.3 43.7 45.3 Operating profit/loss (EBIT) before special items DKKm -1.3 14.3 -14.4 33.3 31.6 Special items DKKm - - - -3.9 -3.9 Operating profit/loss (EBIT) after special items DKKm -1.3 14.3 -14.4 29.4 27.7 Net financial items DKKm 0.9 -0.1 0.9 -0.7 -0.2 Profit/loss from continuing operations before tax DKKm -0.4 14.2 -13.5 28.7 27.5 Profit/loss for the period from continuing operations DKKm -0.4 10.9 -12.8 22.4 21.1 Profit/loss for the period from discontinued operations DKKm - -14.5 - -51.7 -49.6 Profit/loss for the period DKKm -0.4 -3.7 -12.8 -29.3 -28.5 Balance sheet Cash and cash equivalents DKKm 11.2 13.8 11.2 13.8 35.2 Assets DKKm 201.8 246.6 201.8 246.6 236.2 Working capital DKKm 49.5 84.0 49.5 84.0 59.4 Share capital DKKm 35.8 35.8 35.8 35.8 35.8 Invested capital DKKm 136.5 170.7 136.5 170.7 148.6 Equity DKKm 147.2 176.6 147.2 176.6 177.8 Cash flows Cash flow from operating activities DKKm -2.6 14.4 -0.7 5.0 31.4 Cash flow from investing activities DKKm -0.5 -0.8 -2.2 -7.1 -12.5 Of which investments in property plant and equipment DKKm -0.3 -0.8 -0.9 -7.1 -11.5 Cash flow from financing activities DKKm -1.0 -3.9 -21.3 -5.4 -5.0 Depreciation, amortisation and impairment, total DKKm -2.5 -3.2 -8.1 -10.4 -13.7 Cash flow for the period DKKm -4.1 9.7 -24.1 -7.5 13.9 4 Interim report Q3 2025/26
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Interim report for Q3 2025/26 Roblon reports on a single overall segment consisting of two product groups: • FOC: Cable materials and cable machinery for fibre optic cables • Composite: Composite materials for the onshore and offshore industries and converting services Order intake and order book The Group’s order intake amounted to DKKm 131.4 in Q1-Q3 2025/26 (DKKm 183.2). The DKKm 51.8 decrease was primarily due to the decline in the Composite product group, which is experiencing an anticipated interruption of orders for strength members for submarine energy cables. An additional factor was an unexpected interruption of orders from the offshore oil and gas industry. However, the order intake rose in Q3 2025/26 to DKKm 61.9 (DKKm 38.6), and the improvement was mainly realised in the Composite product group. The FOC product group recorded an increase in order intake. The European FOC market is gradually recovering, and Roblon maintains its focus on an intensified sales drive in this area. The order book at 31 July 2026 stood at DKKm 53.7 (DKKm 54.0): • FOC: DKKm 15.2 (DKKm 15.1) • Composite: DKKm 38.5 (DKKm 38.9) Consolidated income statement Revenue Revenue for Q1-Q3 2025/26 was DKKm 110.9 (DKKm 182.3). The decline was mainly due to a DKKm 77 .8 drop in revenue in the Composite product group. In the FOC product group, revenue increased by DKKm 6.4, supported by signs of a gradual normalisation of the market and the effects of a strengthened and targeted sales drive. The decline in the Composite group was mainly due to a temporary stop to order placements by the offshore oil and gas industry, partly due to a prin- cipal customer’s excess inventory and an expected decline in sales of strength members for submarine energy cables. Gross profit and gross margin Gross profit amounted to DKKm 65.6 (DKKm 114.6). The gross margin fell to 59.1% (62.9%) due to a less favourable product mix. Other external costs Costs rose to DKKm 18.6 (DKKm 17 .7) due to the fact that last year’s figure included management fee income of DKKm 1.8 from the Group’s divested subsidiary. Management implemented cost-cutting measures and identified reductions of DKKm 2.2 in other external costs in 2025/26. Staff costs Staff costs amounted to DKKm 54.2 (DKKm 54.7). Organisational changes implemented in November 2025 are expected to reduce costs by DKKm 2.6 in 2025/26. The staff cost savings will amount to DKKm 4.8 annually from 2026/27 . Operating profit/loss before depreciation, amortisation and impairment (EBITDA) and before special items EBITDA before special items was a loss of DKKm 6.3 (a profit of DKKm 43.7). Depreciation, amortisation and impairment Depreciation and amortisation decreased to DKKm 8.1 (DKKm 10.4), as several investments are now fully amortised. Operating profit/loss (EBIT) before special items EBIT before special items was a loss of DKKm 14.4 (a profit of DKKm 33.3). Financial items The Group’s net financial items amounted to income of DKKm 0.8 (a net expense of DKKm 0.7) and related to a combination of interest expenses on loans from credit institutions and interest income on a receivable from Granite Falls Composites Inc. (Roblon’s divested US subsidiary) and foreign exchange adjustments. Profit/loss from continuing operations before tax Profit/loss from continuing operations before tax was a loss of DKKm 13.5 (a profit of DKKm 28.7). Profit/loss after tax Profit/loss after tax for continuing and discontinued operations was a net loss of DKKm 12.8 in the first three quarters of 2025/26 (a loss of DKKm 29.3). Tax for the period was calculated at the applicable tax rates in the countries in which the Group has operations. Consolidated balance sheet The Group’s total assets at 31 July 2026 amounted to DKKm 201.8 (DKKm 246.6). Investments in intangible assets amounted to DKKm 1.3 (DKKm 0.0) and investments in property, plant and equipment amounted to DKKm 0.9 (DKKm 7 .1) for the first three quarters of 2025/26. 5 Interim report Q3 2025/26
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A non-current loan of DKKm 33.4 (DKKm 33.7) related to Roblon’s loan to Granite Falls Composites Inc. established in connection with the divestment of Roblon’s US subsidiary in July 2025. A credit assess- ment of the loan did not give rise to any significant loss provisions. Roblon’s preference share in Granite Falls Composites Inc. (GFC) was recognised in the consolidated balance sheet at DKKm 0 at 31 July 2026, unchanged from the same time last year. GFC posted a small profit for the first half of 2026 and expects to produce profits for 2026 and the following years. The valuation was made on the basis of calcu- lations made and the uncertainty as to the timing and amount of any future dividend payments and/or proceeds from a potential sale of GFC. As there are still indications of impairment of the investment in Roblon, s.r.o., an impairment test was carried out at 31 July 2026. Current assessments do not give rise to any impairment write-downs for the Group. Working capital totalled DKKm 49.5 at 31 July 2026 (DKKm 84.0), and the significant reduction was due to the development in trade receivables and inventories. The Group regularly carries out analyses and implements decisions and actions with a view to reducing working capital. Inventories decreased by DKKm 7 .1 to DKKm 39.0 (DKKm 46.1). Trade receivables amounted to DKKm 26.4 (DKKm 59.0). The reduction was due to declining revenue in the first three quarters of 2025/26 relative to the year-earlier period. The Group’s equity at 31 July 2026 amounted to DKKm 147 .2 (DKKm 176.6). The equity ratio at 31 July 2026 was 72.9% (71.6%). Consolidated cash flows Consolidated cash flow from operating activities for Q1-Q3 2025/26 was a net outflow of DKKm 0.7 (an inflow of DKKm 5.0) – negatively affected by the low level of activity but positively affected by a reduction of working capital since 31 October 2025. Total cash flow from investing activities was a net outflow of DKKm 2.2 (a net outflow of DKKm 7 .1). Cash flow from financing activities for Q1-Q3 2025/26 was a net outflow of DKKm 21.3 (a net outflow of DKKm 5.3), consisting of a dividend distribution of DKKm 17 .9 and repayment of lease liabilities and debt to credit institutions. Capital resources At 31 July 2026, net cash deposits amounted to DKKm 11.2 (DKKm 13.8). The Group’s total credit facilities amounted to DKKm 84.0 (DKKm 84.0), and at 31 July 2026 the Group had an undrawn credit facility of DKKm 84.0 (DKKm 84.0). Total cash resources at 31 July 2026 amounted to DKKm 95.2 (DKKm 97 .8). Product development In Q1-Q3 2025/26, the Group incurred product devel- opment costs of DKKm 7 .1 (DKKm 5.8). Financial calendar Roblon expects to publish its interim reports and annual report according to the following schedule: 21/12 2026: Annual report for 2025/26 Roblon’s next annual general meeting will be held on 28 January 2027 . Company announcements During the period 18 December 2025 to 29 September 2026, the Company sent the following announcements to NASDAQ OMX Copenhagen; these can be found on the Company’s website: Roblon’s website roblon.com No. Date Announcement 11 18 December 2025 Preliminary statement 2024/25 1 6 January 2026 Notice convening annual general meeting 2 29 January 2026 Minutes of the annual general meeting in Roblon A/S 3 30 January 2026 Change to the financial calendar for Roblon A/S 4 3 March 2026 Downward adjustment of expecta- tions for the financial year 2025/26 5 16 March 2026 Interim report for Q1 2025/26 6 23 March 2026 Roblon launches new Group strategy and presents financial ambitions towards 2030 7 1 June 2026 Interim report for H1 2025/26 8 27 August 2026 Full-year guidance for 2025/26 downgraded 6 Interim report Q3 2025/26
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Executive Management Kim Müller Carsten Michno CEO Co-CEO/CFO Board of Directors Mikael Staal Axelsen Ole Lønsmann Andersen Randi Toftlund Pedersen Chairman Deputy Chairman Mads Sckerl Anita Skovgaard Pedersen Anette Frost Hansen Employee representative Employee representative Statement by Management The Board of Directors and the Executive Management have today considered and approved the interim report of Roblon A/S for Q1-Q3 2025/26 (the period 1 November 2025 to 31 July 2026). The interim report, which has not been audited or reviewed by the Company’s auditor, is presented in accordance with IAS 34 “Interim Financial Reporting” as adopted by the EU and additional Danish disclo- sure requirements for interim reports of listed companies. It is our opinion that the interim financial statements provide a true and fair view of the Group’s assets, liabilities and financial position as of 31 July 2026 as well as of the results of the Group’s activities and cash flows for the period 1 November 2025 to 31 July 2026. Furthermore, in our opinion the management’s review includes a fair review of the development and performance of the Group’s business, results for the period and the Group’s financial position together with a description of the principal risks and uncertainties that the Group faces. Frederikshavn, 29 September 2026 7 Interim report Q3 2025/26
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Consolidated income statement for the period 1 November 2025 to 31 July 2026 Consolidated statement of comprehensive income for the period 1 November 2025 to 31 July 2026 Amounts in DKK’000 Note Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Revenue 4 37,977 69,325 110,930 182,298 236,892 Cost of sales -14,344 -29,142 -45,358 -67,715 -90,632 Gross profit 23,633 40,183 65,572 114,583 146,260 Work carried out for own account and capitalised 198 54 770 170 963 Other operating income 19 1 163 1,318 1,314 Other external costs -5,488 -5,272 -18,561 -17,672 -26,192 Staff costs -17,122 -17,485 -54,194 -54,721 -77,059 Operating profit/loss before depreciation, amortisation and impairment (EBITDA) and before special items 1,240 17,481 -6,250 43,678 45,286 Depreciation, amortisation and impairment -2,524 -3,175 -8,139 -10,364 -13,711 Operating profit/loss (EBIT) before special items -1,284 14,306 -14,389 33,314 31,575 Special items - - - -3,874 -3,874 Operating profit/loss (EBIT) after special items -1,284 14,306 -14,389 29,440 27,701 Financial income 1,017 425 1,973 2,055 668 Financial expenses -131 -548 -1,096 -2,780 -844 Profit/loss from continuing operations before tax -398 14,183 -13,512 28,715 27,525 Tax on profit/loss for the period from continuing operations 40 -3,314 685 -6,359 -6,438 Profit/loss for the period from continuing operations -358 10,869 -12,827 22,356 21,087 Profit/loss for the period from discontinued operations after tax - -14,519 - -51,698 -49,634 Profit/loss for the period -358 -3,650 -12,827 -29,342 -28,547 Earnings per share (DKK) Earnings per share (EPS), continuing operations -0.2 6.1 -7.2 12.5 11.8 Earnings per share, diluted (EPS-D), continuing operations -0.2 6.1 -7.2 12.5 11.8 Amounts in DKK’000 Note Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Profit/loss for the period -358 -3,650 -12,827 -29,342 -28,547 Foreign exchange adjustment on translation of foreign subsidiary 255 586 102 1,214 1,708 Foreign exchange adjustment on translation of discontinued operations - 8,584 - 7,350 7,350 Comprehensive income -103 5,520 -12,725 -20,778 -19,489 8 Interim report Q3 2025/26
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Consolidated balance sheet at 31 July 2026 Amounts in DKK’000 Note 31.07. 2026 31.07. 2025 31.10. 2025 ASSETS Completed product development projects 528 1,584 1,075 Product development projects in progress 2,925 1,298 1,647 Customer relations 758 898 863 Other intangible assets 312 127 378 Intangible assets 4,523 3,907 3,963 Land and buildings 51,936 49,574 54,126 Plant and machinery 23,902 27,849 27,277 Other fixtures and fittings, tools and equipment 878 566 848 Property, plant and equipment in progress 1,243 4,680 1,572 Lease assets 1,854 834 2,184 Property, plant and equipment 79,813 83,503 86,007 Non-current loans 33,448 33,720 33,213 Preference share in Granite Falls Composites Inc. - - - Deferred tax assets 3,888 3,221 4,087 Financial assets 37,336 36,941 37,300 Total non-current assets 121,672 124,351 127,270 Inventories 38,991 46,115 33,235 Trade receivables 26,351 59,031 37,485 Prepaid income tax 1,761 213 53 Other receivables 924 1,642 2,538 Prepayments 925 1,364 497 Receivables 29,961 62,250 40,573 Cash and cash equivalents 11,225 13,837 35,156 Total current assets 80,177 122,202 108,964 TOTAL ASSETS 201,849 246,553 236,234 Amounts in DKK’000 Note 31.07. 2026 31.07. 2025 31.10. 2025 EQUITY AND LIABILITIES Share capital 35,763 35,763 35,763 Other reserves 1,747 1,151 1,645 Retained earnings 109,727 139,641 122,554 Proposed dividend - - 17,882 Total equity 147,237 176,555 177,844 Deferred tax liabilities 6,137 6,463 6,260 Lease liabilities 1,225 451 1,538 Debt to credit institutions 24,707 29,457 7,858 Total non-current liabilities 32,069 36,371 15,656 Current portion of lease liabilities 657 415 667 Current portion of debt to credit institutions 4,210 4,138 23,969 Other provisions 116 145 507 Advance payments 2,061 1,549 331 Trade payables 8,973 10,622 4,399 Income tax - 4,970 3,766 Other payables 6,526 11,788 9,095 Current liabilities 22,543 33,627 42,734 Total current liabilities 22,543 33,627 42,734 Total liabilities 54,612 69,998 58,390 TOTAL EQUITY AND LIABILITIES 201,849 246,553 236,234 9 Interim report Q3 2025/26
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Amounts in DKK’000 Share capital Currency translation reserve Retained earnings Proposed dividend Total equity 2024/25 Equity at 1 November 2024 35,763 -7,413 168,983 - 197,333 Profit/loss for the year - - -46,429 17,882 -28,547 Foreign exchange adjustment on translation of foreign subsidiary - 1,708 - - 1,708 Foreign exchange adjustment on translation of discontinued operations - 7,350 - - 7,350 Comprehensive income for the financial year - 9,058 -46,429 17,882 -19,489 Equity at 31 October 2025 35,763 1,645 122,554 17,882 177,844 Consolidated statement of changes in equity for the Group Amounts in DKK’000 Share capital Currency translation reserve Retained earnings Proposed dividend Total equity Q1-Q3 2025/26 Equity at 1 November 2025 35,763 1,645 122,554 17,882 177,844 Profit/loss for the period - - -12,827 - -12,827 Foreign exchange adjustment on translation of foreign subsidiary - 102 - - 102 Comprehensive income for the period - 102 -12,827 - -12,725 Dividends paid - - - -17,882 -17,882 Equity at 31 July 2026 35,763 1,747 109,727 - 147,237 Q1-Q3 2024/25 Equity at 1 November 2024 35,763 -7,413 168,983 - 197,333 Profit/loss for the period - - -29,342 - -29,342 Foreign exchange adjustment on translation of foreign subsidiary - 1,214 - 1,214 Foreign exchange adjustment on translation of discontinued operations - 7,350 - - 7,350 Comprehensive income for the period - 8,564 -29,342 - -20,778 Equity at 31 July 2025 35,763 1,151 139,641 - 176,555 10 Interim report Q3 2025/26
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Statement of cash flows for the period 1 November 2025 to 31 July 2026 Amounts in DKK’000 Spec. Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Operating profit/loss (EBIT) after special items -1,284 14,306 -14,389 29,440 27,701 Operating profit/loss (EBIT) from discontinued operations - -4,016 - -39,723 -36,815 Operating profit/loss (EBIT) -1,284 10,290 -14,389 -10,283 -9,114 Adjustment for non-cash items A 2,335 -8,215 7,759 31,575 25,527 Change in working capital B -3,739 12,235 10,298 -7,904 23,637 Cash generated from operations -2,688 14,310 3,668 13,388 40,050 Financial income received 483 55 1,366 119 668 Financial expenses paid -374 -285 -990 -895 -1,645 Income tax paid - - -4,708 -7,944 -7,982 Income tax received - 308 - 308 348 Cash flow from operating activities -2,579 14,388 -664 4,976 31,439 Purchase of intangible assets -233 - -1,277 -4 -958 Sale of intangible assets - - - 8 - Purchase of property, plant and equipment -319 -948 -1,074 -7,235 -11,761 Sale of property, plant and equipment 6 155 184 155 242 Cash flow from investing activities -546 -793 -2,167 -7,076 -12,477 Repayment of/drawing on operating credit - -2,052 - - - Raising of lease debt 198 - 198 277 1,729 Repayment of lease debt -165 -801 -491 -2,481 -2,601 Interest on lease debt -16 -37 -54 -131 -136 Repayment of debt to credit institutions -1,012 -1,006 -3,030 -3,017 -4,027 Dividends paid - - -17,882 - - Cash flow from financing activities -995 -3,896 -21,259 -5,352 -5,035 Amounts in DKK’000 Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Change in cash and cash equivalents -4,120 9,699 -24,090 -7,452 13,927 Cash and cash equivalents at beginning of period 15,259 4,313 35,156 21,310 21,310 Value adjustment of cash and cash equivalents 86 -175 159 -21 -81 Cash and cash equivalents at end of period 11,225 13,837 11,225 13,837 35,156 Of which cash and cash equivalents at end of period included in assets held for sale - - - - - Cash and cash equivalents at end of period for continuing operations 11,225 13,837 11,225 13,837 35,156 Spec. A: Adjustments for non-cash items Profit/loss from sale of property, plant and equipment -12 3 -64 3,716 3,770 Depreciation, amortisation and impairment 2,524 3,175 8,139 10,364 13,711 Change in non-current receivable - - - - -33,213 Adjustment regarding sale of subsidiary - -10,053 - 20,947 50,305 Provisions -324 -92 -391 -504 -142 Foreign exchange adjustment 147 -1,248 75 -2,948 -8,904 2,335 -8,215 7,759 31,575 25,527 Spec. B: Change in working capital Change in inventories -3,399 7,804 -5,757 -16,005 -3,124 Change in receivables 1,981 12,868 12,320 5,256 19,081 Change in current liabilities -2,321 -8,437 3,735 2,845 7,680 -3,739 12,235 10,298 -7,904 23,637 11 Interim report Q3 2025/26
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Notes to the financial statements 1. Accounting policies The interim report is presented in accordance with IAS 34 “Interim Financial Reporting” as adopted by the EU and Danish disclosure requirements for listed companies. No interim report has been prepared for the parent company. The accounting policies applied in the interim report are consistent with those applied in Roblon’s annual report for 2024/25, which was prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU and additional Danish disclosure requirements for annual reports of listed companies. For a more detailed description of the accounting policies, see the annual report for 2024/25. 2. Estimates The preparation of interim reports requires Management to make accounting estimates that will affect the accounting poli- cies and recognised assets, liabilities, income and costs. Actual results may differ from these estimates. The most significant estimates made by Management in applying the Group’s accounting policies and the most significant uncertainties associated therewith in preparing the condensed interim report are identical to those applying to the preparation of the annual report for 2024/25. 3. Seasonality The Group’s activities have not been affected by seasonal or cyclical fluctuations in the interim report. Of the Group’s non-current assets, DKKm 33.4 (DKKm 34.4) were located in Denmark and DKKm 50.9 (DKKm 53.0) in the Czech Republic. Several of Roblon’s customers are groups comprising several production companies. The revenue of individual customers is determined as the total revenue of all companies within the individual customer’s group. Of the Group’s total revenue, two individual customers accounted for more than 10% in Q1-Q3 2025/26. Revenue from these customers was DKKm 16.1 and DKKm 13.3, respectively. Last year, two individual customers accounted for more than 10% of the Group’s total revenue for the first three quarters of 2024/25. Revenue relating to these customers was DKKm 46.0 and DKKm 43.6, respectively. The Czech koruna exchange rate (CZK/DKK) development had a positive impact of DKKm 1.0 on reported revenue for Q1-Q3 2025/26 (a negative impact of DKKm 0.2). 4. Revenue Amounts in DKK’000 Q3 2025/26 Q3 2024/25 Q1-Q3 2025/26 Q1-Q3 2024/25 FY 2024/25 Revenue from external customers By product group FOC 13,379 11,247 33,847 27,391 44,229 Composite 24,598 58,078 77,083 154,907 192,663 Total 37,977 69,325 110,930 182,298 236,892 By product type Sale of goods 31,636 45,118 91,915 127,492 164,634 Manufacturing services 6,341 24,207 19,015 54,806 72,258 Total 37,977 69,325 110,930 182,298 236,892 By geographical market Denmark 2,684 2,338 8,301 5,501 8,856 United Kingdom 9,616 11,291 25,081 31,870 42,512 Finland 167 16,281 601 36,693 37,163 Rest of Europe 15,787 15,015 40,345 42,706 71,558 Asia 3,547 5,181 17,220 12,815 17,089 Brazil 968 17,966 10,167 44,090 50,213 USA 5,208 1,253 9,215 8,623 9,501 Total 37,977 69,325 110,930 182,298 236,892 12 Interim report Q3 2025/26
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Roblon A/S Fabriksvej 7 , Gærum DK-9900 Frederikshavn Denmark CVR no. 57 06 85 15 Roblon.com