Interim report
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Airobot Technologies AS Interim report for the 6 months of 2026 (unaudited) reporting period: 01.01.2026 - 30.06.2026 financial year: 01.01.2026-31.12.2026 business name: Airobot Technologies AS register code: 12405854 street and building: Suur-Sõjamäe 37A village: Soodevahe municipality: Rae vald county: Harjumaa postal code: 80016 telephone: +372 5283181 e-mail address: info@airobot.ee 1
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Management board's activity report Financial Statements Statement of financial position Income statement Statement of cash flows Statement of changes in equity Notes Note 1 Accounting policies Note 2 Receivables and prepayments Note 3 Inventory Note 4 Tax prepayments and liabilities Note 5 Property, plant and equipment Note 6 Intangible assets Note 7 Payables and prepayments Note 8 Labor expense Note 9 Related parties 2 Table of contents
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Operational Report Airobot Technologies’ revenue for the first six months of 2026 amounted to €1,184,686, which was fully recognized as sales revenue. Compared to the same period in 2025, sales revenue grew by 45.7%. The growth in revenue was driven by increased sales volumes both in domestic market and through exports. The result for the period was a loss of €20,576. Compared with the first half of 2025, when the loss amounted to €238,505, the loss decreased by €217,929, or approximately 90%. As of 30 June 2026, the company’s equity was negative. The company's plan to bring its equity into compliance with the requirements of the Commercial Code has not changed compared to the plan described in the annual report for the financial year ended 31 December 2025. Operational Plans for the Second Half of 2026 preparing for the launch of new products. as a provider of intelligent indoor climate solutions. Financial review In H1 2026 AS Airobot Technologies unaudited turnover was EUR 1 184 686 (2025 H1 : EUR 813 071) and net loss EUR 20 576 (2025 H1 : EUR 238 505). The increase of turnover was 45.7%. As of 30 June 2026, the Company's total assets came to EUR 911 716 (30.06.2025: EUR 735 566). Current assets amounted to EUR 545 651 (30.06.2025: EUR 391 690) or 59.8% of total assets. Fixed assets amounted to EUR 366 065 (30.06.2025: EUR 343 876) or 40.2% of the balance sheet total. The liabilities of AS Airobot Technologies totalled EUR 1 159 269 (30.06.2025: EUR 775 269) and equity amounted to EUR -247 553 (30.06.2025: EUR -39 703). (included taxes) amounted to EUR 370 841. 3 The improvement in the result was supported by higher sales revenue and better control of the cost base. The company's objective is to further improve operational efficiency in the second half of the year. In the second half of the year, Airobot will focus on continuing sales growth, strengthening its export activities, and The company's goal is to continue improving profitability, keep costs under control, and strengthen Airobot's position As of 30 June 2026, the Company's loan liabilities amounted to EUR 537 028 (30.06.2025: EUR 387 028). As of 30 June 2026, AS Airobot Technologies had 14 employees and one management Board member. Labor costs in H1 2026
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Financial Statements Statement of financial position (in Euros) 6/30/2026 12/31/2025 6/30/2025 Note Assets Current assets Cash and cash equivalents 73,854 51,684 35,978 Receivables and prepayments 130,762 61,748 58,166 2 Inventories 341,035 247,655 297,546 3 Total current assets 545,651 361,087 391,690 Non-current assets Tangible fixed assets 118,364 128,049 132,781 5 Intangible assets 247,701 248,760 211,095 6 Total non-current assets 366,065 376,809 343,876 Total assets 911,716 737,896 735,566 Liabilities and equity Liabilities Current liabilities Short-term loans 537,028 537,028 387,028 Payables and prepayments 622,241 427,845 388,241 4, 7 Total current liabilities 1,159,269 964,873 775,269 Non-current liabilities Long-term loans 0 0 0 Total non-current liabilities 0 0 0 Total liabilities 1,159,269 964,873 775,269 Equity Issued capital 251,107 251,107 251,107 Share premium 593,136 593,136 593,136 Other reserves 2,631 2,631 2,631 Retained earnings (loss) -1,073,851 -648,072 -648,072 Reporting period profit (loss) -20,576 -425,779 -238,505 Total equity -247,553 -226,977 -39,703 Total liabilities and equity 911,716 737,896 735,566 4
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Income statement (in Euros) 1/1/2026- 1/1/2025- Note 6/30/2026 6/30/2025 Revenue 1,178,015 805,276 Other income 6,671 7,795 Raw materials and consumables used -574,528 -395,970 Other operating expenses -163,001 -293,105 Employee expenses -370,841 -307,748 8 Depreciation and impairment loss (reversal) -66,870 -39,771 5, 6 Other expenses -5,080 -4,534 Operating profit (loss) 4,366 -228,057 Interest income 2 1 Interest expenses -21,117 -8,099 Other financial income and expenses -3,827 -2,350 Profit (loss) before tax -20,576 -238,505 Reporting period profit (loss) -20,576 -238,505 5
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Statement of cash flows (in Euros) 1/1/2026- 1/1/2025- Note 6/30/2026 6/30/2025 Cash flows from operating activities Operating profit (loss) 4,366 -228,057 Adjustments Depreciation and impairment loss (reversal) -66,870 -39,771 5, 6 Total adjustments -66,870 -39,771 Changes in receivables and prepayments -71,770 59,924 related to operating activities Changes in inventories -93,280 -61,686 Changes in payables and prepayments 324,216 122,055 related to operating activities Interest received 2 1 Other cash flows from operating activities 0 250,000 Total cash flows from operating activities 96,664 102,466 Cash flows from investing activities Purchase of property, plant and equipment and -56,126 -101,678 5 intangible assets Total cash flows from investing activities -56,126 -101,678 Cash flows from financial activities Interest paid -21,233 -519 Proceeds from issuing shares 0 0 Total cash flows from financial activities -21,233 -519 Total cash flows 19,305 269 Cash and cash equivalents at beginning of period 54,549 35,709 Change in cash and cash equivalents 19,305 269 Cash and cash equivalents at end of period 73,854 35,978 6
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Statement of changes in equity (in Euros) Issued capital Share Other Retained Total premium reserves earnings (loss) 251,107 593,136 2,631 -648,072 198,802 Reporting period profit -238,505 -238,505 (loss) 251,107 593,136 2,631 -886,577 -39,703 Reporting period profit -187,274 -187,274 (loss) 251,107 593,136 2,631 -1,073,851 -226,977 Reporting period profit -20,576 -20,576 (loss) 251,107 593,136 2,631 -1,094,427 -247,553 12/31/2024 6/30/2025 12/31/2025 6/30/2026 7
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Notes Note 1 Accounting policies General information financial reporting standard. The main requirements of the Estonian financial reporting standard have been stipulated in the Accounting Act of the Republic of Estonia and supplemented by the guidelines issued by the Accounting Board of the Republic of Estonia. according to the regulations introduced for mid-sized companies. The financial statements have been prepared in euros and in a consolidated manner. Cash and cash equivalents For the purposes of the cash flow statement, cash and cash equivalents are cash in hand, demand deposits in banks. Foreign currency transactions are recorded based on the currency exchange rate valid on the transaction date. Monetary entries denominated in foreign currency are translated on the basis of the currency exchange rates of the European Central Bank officially valid on the balance sheet date. Foreign exchange gains and losses from revaluation are recorded in the income statement. Foreign exchange gains and losses are recorded under revenue and expenses in the income statement of the reporting period. Receivables and prepayments Accounts receivable are short-term receivables generated in the course of ordinary business, except for receivables from other group companies and associated companies. Accounts receivable are recorded at amortised cost (i.e. nominal value less possible write-downs). Accounts receivable are evaluated on an individual basis, if possible. If the evaluation of the receivables on an individual basis proves impossible, only the material receivables will be evaluated. Other receivables are evaluated as a set of receivables, considering the information available regarding the customer's previous debts. Collection of receivables, which have been previously expensed as doubtful receivables, are reported as an adjustment to doubtful receivables. All other receivables (accrued income, loans granted, other short-term and long-term receivables), except for receivables held for trading, are recorded at amortised cost. Receivables held for trading are recorded at their fair value Inventories Raw materials are recorded at cost, consisting of the purchase price, non-refundable taxes and direct transportation costs and other expenses directly related to the acquisition, incurred upon bringing the inventories to their present condition and location, less discounts and subsidies. Finished products and work-in-progress are recorded at production cost, consisting of the direct production costs (cost of raw materials), staff remuneration and a proportional part of the production overheads (depreciation of production buildings and equipment). The acquisition cost of inventories is calculated based on the FIFO (Raw materials) and individual cost (Work in progress and finished goods) method. Plant, property and equipment and intangible assets Assets with an acquisition cost of over 600 euros and a useful life of over 1 year are recorded as property, plant and equipment (PPE) in the balance sheet. Assets with a useful life of over 1 year, but an acquisition cost of less than 600 euros, are recorded as low-value items (in inventories) and are fully expensed when the asset is taken into use. Low-value items that have been expensed are accounted for off-balance sheet. PPE are initially recorded at acquisition cost, consisting of the purchase price and expenses incurred with the aim of taking the asset item into use. Subsequent to initial recognition, PPE are recorded at net book value. PPE constructed for own use is recorded at acquisition cost, consisting of the actual manufacturing expenses. Depreciation is calculated on a straight-line basis, depending on the estimated useful life of the asset item. Estimated useful life of the asset item: computers and computer systems 3-5 years 10 years Other tangible assets 3-10 years Intangible assets 3-10 years Financial liabilities All financial liabilities (accounts payable, loans taken, accrued expenses, bonds issued, other short-term and long-term payables) are initially accounted for at their acquisition cost, which includes all expenses directly related to the acquisition. Subsequent to initial recognition, financial liabilities are recorded based on the amortised cost method. As a rule, the amortised cost of short-term financial liabilities equals their nominal value. Therefore, short-term financial liabilities are recorded in the balance sheet at the payable amount. The amortised cost of long-term liabilities is calculated based on the effective interest rate method. 8 The 6 months of 2026 unaudited Interim Report of Financial Statements of AS Airobot Technologies have been prepared in accordance with Estonian The Company belongs to the small business category. The 6 months of 2026 unaudited Report of Financial Statements is compiled completely machinery and equipment
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Revenue recognition Revenue and expenses are recognised on an accrual basis, based on the matching principle. Income statement format No 1 is used. Revenue is recognised on an accrual basis under the revenue recognition principle. Revenues from the sales of goods are recorded at the moment the right of ownership is transferred to the buyer. Expense recognition Expenses on vacation pay are recorded in the period when they are incurred. The vacation reserve is adjusted on an annual basis at the end of each financial year. The earned vacation pay is charged to expenses in the income statement, and recorded in the balance sheet under current liabilities to employees. Taxation According to the Income Tax Act of the Republic of Estonia, legal entities are not subject to income tax on profits earned. Corporate income tax is paid on fringe benefits, gifts, donations, costs of entertaining guests, dividends and payments not related to business operations. Thus, in Estonia there are no differences between the tax bases and the carrying amounts of assets, which would give rise to a deferred income tax asset or liability. From 1 January 2025, the tax rate on dividends payable is 22/78 of the amount paid out as net dividends. The corporate income tax arising from the payment of dividends is accounted for as an expense in the period when dividends are declared. Related parties For the purposes of the financial statements of AS Airobot Technologies, the following are considered related parties: - owners - management board and higher management - close relatives of the above persons, and the companies related to them. 9
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Note 2 Receivables and prepayments (in Euros) 6/30/2026 Allocation by remaining maturityNote Within 12 months Accounts receivable 124939 124939 Accounts receivables 124939 124939 Tax prepayment and receivables 0 0 4 Other receivables 0 0 Prepayments 5823 5823 Deferred expenses 5823 5823 130762 130762 6/30/2025 Allocation by remaining maturityNote Within 12 months Accounts receivable 55628 55,628 Accounts receivables 55628 55,628 Tax prepayment and receivables 0 0 4 Other receivables 0 0 Prepayments 2538 2,538 2538 2,538 58,166 58,166 Note 3 Inventory (in Euros) 6/30/2026 6/30/2025 Raw materials 298,277 291,772 Finished goods 0 0 Inventory prepayments 42,758 5,774 Total inventory 341,035 297,546 Note 4 Tax prepayments and liabilities (in Euros) Prepayments Liabilities Prepayments Liabilities Value added tax 23999 5058 Personal income tax 7909 7842 Fringe benefit income tax 38 53 Social tax 15845 12453 Contribution to mandatory funded pension 1004 890 Unemployment insurance tax 898 780 Other tax prepayments and liabilities 27063 22594 Prepayment account balance 0 0 Total tax prepayments and liabilities 0 76756 0 49670 6/30/2026 6/30/2025 10 Total receivables and prepayments Total receivables and prepayments Deferred expenses
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Note 5 Property, plant and equipment (in Euros) Other Machinery Other property, Computers and machinery Fixtures and and plant and computer systems and equipment Tools equipment equipment Total Carried at cost 5657 7849 4630 18136 108143 126279 Accumulated -2253 -2535 -1235 -6023 -22181 -28204 depreciation Residual cost 3404 5314 3395 12113 85962 98075 0 6124 0 6124 36560 42684 Depreciation -871 -854 -463 -2188 -5790 -7978 Carried at cost 5657 13973 4630 24260 144703 168963 Accumulated -3124 -3389 -1698 -8211 -27971 -36182 depreciation Residual cost 2533 10584 2932 16049 116732 132781 0 6166 0 6166 0 6166 Depreciation -727 -2043 -463 -2770 -7665 -10435 Carried at cost 5657 20139 4630 30426 144703 175129 Accumulated -3851 -5432 -2161 -11444 -35636 -47080 depreciation Residual cost 1806 14707 2469 18982 109067 128049 1170 0 0 1170 0 1170 Depreciation -855 -2083 -463 -2938 -7454 -10392 Carried at cost 6827 20139 4630 31596 144703 176299 Accumulated -4706 -7515 -2624 -14845 -43090 -57935 depreciation Residual cost 2121 12624 2006 16751 101613 118364 12/31/2024 6/30/2025 12/31/2025 6/30/2026 11 Acquisitions and additions Acquisitions and additions Acquisitions and additions
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Note 6 Intangible assets (in Euros) Other intangible Total assets Carried at cost 324,275 324,275 Accumulated depreciation -163,481 -163,481 Residual cost 160,794 160,794 82,094 82,094 Depreciation -31,793 -31,793 Carried at cost 406,369 406,369 Accumulated depreciation -195,274 -195,274 Residual cost 211,095 211,095 80,478 80,478 Depreciation -42,813 -42,813 Carried at cost 486,847 486,847 Accumulated depreciation -238,087 -238,087 Residual cost 248,760 248,760 54,956 54,956 Depreciation -56,015 -56,015 Carried at cost 541,803 541,803 Accumulated depreciation -294,102 -294,102 Residual cost 247,701 247,701 Note 7 Payables and prepayments (in Euros) 6/30/2026 Within 12 months Note Trade payables 248,243 248,243 Employee payables 63,979 63,979 Tax payables 76,756 76,756 4 Other payables 26,292 26,292 Interest payables 26,292 26,292 Other accrued expenses 0 0 Received prepayments 206,971 206,971 Deferred income 206,971 206,971 Total payables and prepayments 622,241 622,241 6/30/2025 Within 12 months Note Trade payables 227,442 227,442 Employee payables 51,618 51,618 Tax payables 49,670 49,670 4 Other payables 16,296 16,296 Interest payables 16,296 16,296 Other payables 0 0 Received prepayments 43,215 43,215 Deferred income 43,215 43,215 Total payables and prepayments 388,241 388,241 6/30/2025 6/30/2026 12/31/2024 12/31/2025 12 Acquisitions and additions Acquisitions and additions Acquisitions and additions
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Note 8 Labor expense (in Euros) 1/1/2026- 1/1/2025- 6/30/2026 6/30/2025 Wage and salary expense 274,585 228,698 Social security taxes 96,256 79,050 Total labor expense 370,841 307,748 Average number of employees in full time equivalent units 12 Average number of employees by types of employment: Person employed under employment contract 13 12 Member of management or controlling body of legal person 4 4 Member working under VÕS contract 1 0 Note 9 Related parties (in Euros) Related party balances according to groups Loan liabilities 6/30/2026 6/30/2025 Period calculated interest Management and higher supervisory body and individuals with material ownership interest and 537,028 387,028 21,117 material influence of management and higher Payables and prepayments 6/30/2026 6/30/2025 Management and higher supervisory body and individuals with material ownership interest and 930 610 material influence of management and higher Bought 1/1/2026- 1/1/2025- 6/30/2026 6/30/2025 Services Services Management and higher supervisory body and individuals with material ownership interest and 4,960 3,324 material influence of management and higher Remuneration and other significant benefits calculated for members of management and highest supervisory body 1/1/2026- 1/1/2025- 6/30/2026 6/30/2025 Remuneration 35,000 33,000 Additional information: Heiki Aulik Airobot Technologies AS Management Board member Ph: +372 528 3181 E-mail: heiki@airobothome.com 13 14