Annual report
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2025 Annual review
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2 Detection Technology
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Content Annual review 2025 5 Detection Technology in brief 6 Facts and figures 8 Review by the President and CEO 12 DT2030 strategy 16 Sustainable development goals 18 Our path toward a more sustainable future 28 EcoVadis Bronze at first evaluation 30 CSRD applicability update 31 DT way to manage sustainability 32 Making a difference for children with UNICEF Finland 34 Main events and releases in 2025 38 Awarded GE HealthCare’s 2025 Supplier of the Year 40 India factory operational, first customer shipments completed 42 Manufacturing you can trust – at any scale 44 The most trusted partner for X-ray imaging 46 Strategic product launches 49 Financial reporting schedule in 2026 Financial statements and report of the Board of Directors 2025 51 Report of the Board of Directors 64 Group income statement 65 Group balance sheet 66 Group cash flow statement 67 Detection Technology Plc income statement 68 Detection Technology Plc balance sheet 69 Detection Technology Plc cash flow statement 70 Accounting principles for consolidated financial statements 72 Notes to group’s financial statement 79 Notes to parent company’s financial statement 87 Signatures for the financial statements and report of the Board of Directors 88 Auditor’s Report (Translation of the Finnish original) 3 Detection Technology Annual review 2025
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4 Detection Technology
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Detection Technology in brief Detection Technology is a global provider of X-ray detector solutions and services for medical, security, and industrial applications. The company’s solutions range from sensor components to optimized detector subsystems with ASICs, electronics, mechanics, software, and algorithms. The company’s net sales were EUR 101.1 million in 2025, and operating margin (EBITA) excluding non-recurring items (NRI) was 9.5%. It has around 700 active customers in over 40 countries. Detection Technology employs around 500 people in Finland, China, France, India, and the US. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC. 5 Detection Technology Annual review 2025
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Facts and figures 101.0 net sales, €m (107.5) -6.0 net sales change-% (3.6) 9.5 EBITA-% (13.9) 694 active customers in over 40 countries (597) 497 employees in Finland, China, France, India and the US (487) 0.30 dividend proposal, €/share (0.50) 163 market capitalization, €m 31 Dec 2025 (224) 9.6 EBITA excluding NRI, €m (14.9) 5,697 number of shareholders 31 Dec 2025 (4,441) 6 Detection Technology Annual review 2025
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2025 2024 2023 2022 2021 Net sales, MEUR 101.0 107.5 103.8 98.6 89.8 EBITA excluding NRI, MEUR 9.6 14.9 9.7 6.1 10.6 EBITA excluding NRI, % 9.5 13.9 9.3 6.2 11.8 EBITA, MEUR 9.3 14.9 8.8 5.8 10.6 EBITA, % 9.2 13.9 8.5 5.9 11.8 Return on investment (ROI), % 9.2 17.4 9.9 7.5 15.1 Gearing, % -26.1 -33.6 -17.4 -28.3 -37.6 Capital expenditure, MEUR 3.0 2.2 14.4 1.6 1.4 R&D costs, MEUR -11.3 -11.4 -11.7 -12.5 -11.0 Financial development 2021–2025 Net sales and EBITA excluding NRI (€m) Net sales by business unit 2025 Net sales by application 2025 Earnings per share and dividend (€) Americas 5.1% APAC 69.7% EMEIA 25.2% Industrial 18.4% Medical 46.2% Security 35.4% Net sales EBITA excluding NRI Earnings per share Dividend or capital repayment 2021 2022 2023 2024 2025 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 2021 2022 2023 2024 2025 120 100 80 60 40 20 0 20 18 16 14 12 10 8 6 4 2 0 EBITA = EBIT - goodwill amortization according to Finnish Accounting Standards (FAS) 7 Detection Technology Annual review 2025
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8 Detection Technology Annual review 2025
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Review by the President and CEO Volatile but strategically significant year Fiscal year 2025 was volatile but strategically significant for us. Sales in medical developed well, but not sufficiently to drive overall company growth as other sales declined. Our total revenue remained flat in comparable currencies. Our outlook strengthened toward the end of the year, flat panel detector sales grew strongly, and we progressed in line with our DT2030 strategy. We are well positioned for 2026 and the new strategic period. 9 Detection Technology Annual review 2025
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The year 2025 was volatile — both in the big picture and in our own business environment. We navigated a shift in the dynamics of international trade, the in- stability of global markets, and the crosscurrents of their indirect effects. In addition, one-off micro-level events weighed on our sales performance. Our total net sales declined by -6.0% to EUR 101.0 million. Performance was particularly affected by exchange rate fluctuations, delays in regulatory ap - proval processes for aviation CT (computed tomog - raphy) systems, and partial renewal of our custom - ers’ product portfolios. Nevertheless, our market position remained strong across all key applications. Revenue development varied across our key applications. Sales from medical applications increased by 10.6% to EUR 46.7 million, accounting for 46.2% of our total net sales. The double-digit growth was particularly supported by the easing of the indirect ef - fects of China’s healthcare reform and strengthening CT demand. Sales developed positively throughout the year, apart from a temporary dip in the third quarter caused by materi - al shortages. Sales in security applications declined by -22.8% to EUR 35.7 million, representing 35.4% of our to - tal revenue. The decrease was driven by a strong comparison period, regulatory delays in the aviation sector in the EMEIA region, weak demand in China, and certain one-off events. On a positive note, the regulatory bottleneck that had slowed aviation CT installations in Europe was resolved, and inventory buffers were unwound. Sales from Industrial applications declined by -2.2% to EUR 18.6 million. The decrease was mainly due to subdued APAC sales of line scan solutions, which were not sufficiently offset by the strong growth in flat panel detectors (TFT) sales. In other regions, sales were particularly driven by the food industry. Industrial applications accounted for 18.4% of our total net sales. Within industrial applications, a strategically signif - icant shift took place. TFT sales increased by ap - proximately 60%, driven in particular by the battery industry in China. The strong growth of our TFT busi- ness is a key strategic driver for us, as it opens up significant growth opportunities also in medical and defence applications. Geographically, APAC clearly remained our largest market area. APAC sales declined by only -0.2% to EUR 70.4 million, accounting for 69.7% of our to - tal net sales. In contrast, EMEIA sales decreased by -16.2% to EUR 25.5 million, representing 25.2% of total net sales. Revenue in the Americas declined by -21.8% to EUR 5.2 million, accounting for 5.1% of total net sales. Our profitability weakened during the financial year. EBITA excluding non-recur - ring items amounted to EUR 9.6 million, or 9.5% of net sales. Profitability was partic - ularly burdened by the decline in sales and a sales mix weighted toward medical applications. Exchange rate fluctuations affected our euro-de - nominated revenue, but the impact on earnings was mitigated by a similar currency distribution in our cost base. In the second half of the year, we ad- justed our operations and allocated resources to strategically important growth areas. Confidently entering the new strategic era At the end of the year, the DT2025 strategy period ended. We fell short of our targets, but succeeded in navigating an exceptionally challenging market envi- ronment. Demand was weighed down by multiple disruptions, including trade policy tensions, COVID, supply chain issues, stagnation in the Chinese se - Turnaround in medical sales” ” 10 Detection Technology Annual review 2025
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curity market, and China’s healthcare reform. In addition, low-cost competitors in China advanced rapidly. Despite these challenges, we adapted to the situation, expanded our technology base, and improved our operational efficiency. In November, we launched our new DT2030 strat - egy, which will guide us through the next five-year period. Our goal is to outgrow the X-ray detector market by delivering data-generating hardware and software solutions that provide greater added value and exceptional usability for our customers. In the spirit of the DT2030 strategy, we strength - ened our core business and built new capabilities. In 2025, we made numerous significant product launches and invested in new technologies. We have now established a comprehensive product and ser- vice portfolio covering all digital X-ray detector ap - plications, enabling more balanced and predictable growth going forward. The inauguration of our new factory in India and the first customer deliveries from the site enhanced the customer experience and strengthened our position in a growth market. At the same time, the investment improved our risk management and in - creased the resilience of our operations within the global supply chain. We are particularly pleased and proud to have been named GE HealthCare’s Supplier of the Year 2025 among several thousand companies. Another signif- icant achievement was receiving an EcoVadis rating in our very first assessment. We enter the new strategic period with confidence. Demand has normalized across all key applications and markets. Our outlook has strengthened. We are well positioned for growth! Thank you to our customers, shareholders, the DT team, and our partners for 2025! We have a strong foundation on which to build! Hannu Martola President and CEO TFT sales increased by 60%” ” 11 Detection Technology Annual review 2025
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The DT2030 strategy builds on our core strengths, and its implementa - tion reinforces our company’s position as a global leader in X-ray detec- tor solutions. We seek new growth through smart, data-generating, and higher value-added solutions to provide our customers with exceptional usability and service experience. Financial targets unchanged Our mid-term financial targets remained unchanged. Detection Technol- ogy aims to increase its sales by at least 10% per annum and to achieve an operating margin (EBITA) of 15% in the medium term. The company aims to distribute 30–60% of the Group’s annual result to shareholders as dividends. The DT2030 strategy was announced on 17 November 2025 and intro - duced to the investor community at the Capital Markets Day hosted the following day. The event recording and presentation are available on the DT website at www.deetee.com/capital-markets-day-2025/. During fiscal year 2025, we updated our strategy for 2026-2030. In line with the DT2030 strategy, we aim to outgrow the global X-ray detector market by increasing added-value and focusing on the fastest- growing imaging applications. DT2030 strategy: Aiming to outgrow the market 12 Detection Technology Annual review 2025
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MISSION Create foresight capabilities quicker to discover and prevent threats VISION Being the most trusted partner imaging the unknown The DT2030 strategic levers • Elevate performance culture that promotes development and efficiency • Being the most trusted partner that drives customer success through exceptional usability • Relentlessly improve current business and operations, and develop capabilities to strengthen profitability and competitiveness • Drive the TFT X-ray flat panel detector business across different application areas and new geographical markets • Commercialize more value-added integrated hardware- software solutions to a broader customer base • Seek new opportunities beyond the current business scope, including photon counting and software solutions 13 Detection Technology Annual review 2025
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DIGITAL X-RAY DETECTOR MARKET 2030 3.0 € bn Ageing population Security Concerns Quality and efficiency Eco and circular economies Lack of raw materials Digitalization and AI By application By technology Medical 69% Veterinary 4% Industrial 14% Security 13% Flat panel TFT 42% Flat panel CMOS 15% Line scan and CT 34% Photon counting 4% Others 5% 14 Detection Technology Annual review 2025
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FINANCIAL TARGETS MEDIUM TERM Operating margin (EBITA) 15% MEDIUM TERM Annual sales growth >10% ANNUAL Dividend 30–60% TARGET We outgrow the market by driving customer success with smart, data-generating X-ray detectors and outstanding usability. 15 Detection Technology Annual review 2025
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Our way to manage sustainability complies with the certified ISO standards, and we acknowledge and continuously implement the Code of Conduct of the Responsible Business Alliance (RBA). We have set metrics to measure our sustainable development in every area of our Code of Conduct —quality, envi - ronment, business ethics, people, and occupational health and safety. In 2025, the themes and subtopics of our sustain - ability agenda remained consistent with those of 2024, and we have chosen to retain a similar struc - ture for 2026. The table on the following page pre - sents a detailed summary of the 2025 results and the objectives established for 2026. We met all targets set for 2025, with the exception of the energy intensity reduction target. The devia - tion was driven by increased production in Finland, energy intensive production processes, and higher electricity use in future enabling areas such as R&D projects that require more extensive and continu - ous reliability testing. Looking ahead, we will continue our efforts to use energy efficiently and closely monitor the develop - ment of our energy intensity performance in line with our operational plans. However, we will not set a specific energy intensity target for 2026. Embedding sustainability through people and rewards In 2025, we continued to strengthen employee en - gagement in sustainable practices and actions. This sustained focus has contributed to a shift in behav - iors across the organization, at company, team, and individual levels. In addition, sustainability-related KPIs are embed - ded in our incentive plans to maintain a strong focus on transformation and the delivery of our sustain - able development objectives in 2026 and beyond. Our short-term incentive (STI) plans apply to all DT employees, and sustainability is also incorporated as a key metric in our share-based long-term incen- tive (LTI) scheme. Sustainable development goals For a more sustainable future, we are committed to aligning our actions with our sustainability agenda. We continued to refine our operating model and strengthen our values-driven company culture to better support our sustainable development goals. 16 Detection Technology Annual review 2025
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Themes and items Metric 2025 target 2025 result 2026 target Quality Lean Six Sigma % of trained white- 90% 97.7% >95% collar employees Environment Scrap weight Scrap weight index <1.4 <1.4 <1.2 Energy intensity Electricity intensity >2% reduction 12% N/A (Baseline 36.1 increase MWh/MEUR) CO2e intensity CO2e intensity 50% reduction 51.1% N/A (Scope 2) 2020–2025 reduction (Baseline 25.5 tCO2e/MEUR) CO2e emissions CO2e emissions N/A N/A 50% reduction (Scope 2) on CO2 Scope 2 by 2030 (Baseline 1257 tCO2e) Occupational health and safety Incident rate Total recordable ≤2 ≤2 ≤1.6 incident rate (TRIR) People and business ethics Compliance with Reported violations 0 0 0 DT Code of to the DT Code Conduct of Conduct Supplier sustainability Supplier sustainability Sustainability According to According to According to evaluations assessments of a yearly plan a yearly plan a yearly plan selected key suppliers Sustainable development goals 17 Detection Technology Annual review 2025
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Sustainable development is a continuous process and a shared responsibility. In this section, we pres- ent key actions and achievements from 2025 on our path toward long-term value creation and a more sustainable future. The highlights are structured in accordance with the Responsible Business Alliance (RBA) framework and our Code of Conduct. Together, our policies on qual- ity, environment, business ethics, people, and occu- pational health and safety form our Code of Conduct. Our path toward a more sustainable future Sustainability is an integral part of who we are as a company. It is built on our vision, mission, and values — integrity, simplicity, driven, and result — and guided by our strategy. We take responsibility for the environment and society, care for one another, and systematically and holistically develop the sustainability of our operations. 18 Detection Technology Annual review 2025
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Quality A significant milestone was being named GE HealthCare’s 2025 Suppli - er of the Year. The award recognizes our excellence across innovation, quality, service, reliability, agility, sustainability, cost competitiveness, and strategic collaboration. Selected from among several thousand suppli - ers, we stood out for our consistent performance, responsible operating practices, and trusted partnership in supporting the advancement of healthcare through reliable, cutting-edge technology. In 2025, we conducted surveillance audits of our Management System against the requirements of ISO 9001:2015 and ISO 14001:2015 for our sites in Oulu and Espoo, Finland, as well as Beijing and Wuxi, China, and ISO 13485:2016 in Wuxi. By the end of the year, 96% of our employees were working at ISO-certified sites, reflecting our strong commitment to quality and environmental management. During the year, we consolidated our Lean and Six Sigma programs into a single, unified structure. While the two methodologies differ, they function as complementary elements of one continuous improvement system. This integrated model strengthens governance, streamlines competence development, and ensures a balanced focus on improving process efficiency and reducing defects. Competence development remained a key priority in 2025. By the end of the year, 97.7% of our white-collar employees had been trained in the Six Sigma methodology, supporting a data-driven and systematic ap- proach to continuous improvement across our organization. We encourage our employees to actively share improvement ideas that contribute to continuous improvement. In 2025, we completed 1,726 Kaizen initiatives globally, exceeding our target of 1,700 and demonstrat- ing strong employee engagement in improvement activities. Kaizens by type Cost 12% Quality 24% EHS 14% Productivity 50%Kaizen initiatives 1,726 19 Detection Technology Annual review 2025
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Environment Environmentally responsible solutions remain a core priority for us. As a key player in the X-ray im - aging industry, we work continuously to reduce the environmental footprint of our operations while de- veloping innovative solutions and services that help address global environmental challenges. We view circular and eco-economies as important business opportunities. X-ray imaging is increas - ingly applied in areas such as recycling and sorting, the optimization of manufacturing processes, and quality assurance for critical components, including electric vehicle batteries. Through these applica - tions, our solutions directly support the transition toward a more sustainable and environmentally positive future. In support of our climate ambitions, we established a new absolute Scope 2 CO2 emissions reduction target for the 2026–2030 period, replacing the pre - vious intensity-based approach. The target is de - fined using the market-based accounting method and encompasses renewable electricity procure - ment, energy efficiency measures, and the use of green electricity certificates in locations where di - rect renewable procurement is not feasible. We continued to develop and systematically moni - tor the environmental sustainability of our business. DT Group: Environmental performance 2025 CO2 EMISSIONS - SCOPE 2 (tCO2e) 1,257 (1,504) CO2 INTENSITY - SCOPE 2 (tCO2e/MEUR) 12.4 (14.0) ELECTRICTY CONSUMPTION (MWh) 4,093 (3,880) ELECTRICITY INTENSITY (MWh/MEUR) 40.5 (36.1) SHARE OF RENEWABLE ELECTRICITY (%) 40.7 (29.5) 20 Detection Technology Annual review 2025
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During the fiscal year 2025, no information was re - ceived regarding any environmental infringements. Our environmental management system was audit- ed against the requirements of ISO 14001:2015 with no major findings. 96% of our employees worked at ISO 14001:2015-certified sites during the year. Impact through product design Environmental considerations were further embed- ded in our product development through the inte - gration of Design for Environment (DfE) principles across the full life cycle of our detector solutions. This includes a focus on material efficiency, product energy consumption, manufacturing methods, pack- aging, and end-of-life considerations. The approach has delivered measurable improve - ments in recently launched products, such as the AVA line-scan detector series. In the AVA series, re - ductions in energy consumption and a 40% decrease in materials used contribute to a more sustainable product life cycle. In addition, we promoted environmental awareness internally by encouraging employees to participate in global initiatives, including Earth Hour and World Water Day in March, the International Day for Biodi- versity in May, and World Environment Day in June. Competitive yet environmental sound The AVA product family shows how smart product design can support both sustainability and com - petitiveness. Its simplified hardware architecture, and integrated algorithms reduce material use, energy consumption, and system complexity while maintaining high imaging performance. With a 40% reduction in material use, compact and durable construction, and scalability that shortens time-to-market and extends system lifetime, AVA enables cost-efficient solutions with a lower envi - ronmental footprint across demanding X-ray im - aging applications. without compromising imaging performance 40% less materials ADVANCED. VERSATILE. AFFORDABLE. 50% cost savings 21 Detection Technology Annual review 2025
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Business ethics Our Code of Conduct consists of the company’s quality, environmental, business ethics, people, and occupational health and safety policies. Our internal and external interest groups are regularly informed of the Code of Conduct, and it is available on the company’s website. All DT employees are trained and informed about our DT Code and are responsible for following and promoting this code within our business ecosystem. We expect our suppliers and other partners to con- duct their business in compliance with the same standards. We encourage our employees to report any com - pliance concerns. DT promotes an open feedback culture that encourages early dialogue, continuous improvement, and responsible conduct. Employees and external stakeholders are encour - aged to raise ideas, concerns, or suspected miscon- duct through appropriate channels, including a con- fidential whistleblowing channel available to both internal and external parties for reporting serious ethical, legal, health, safety, environmental, or data privacy issues. We have not received notifications of any infringements of EU or national laws or our Code of Conduct through the whistleblowing chan - nel or other reporting channels in 2025. In 2025, we conducted a supplier sustainability eval- uation program based on the risk and business rel - evance of our suppliers. The program includes the themes covered in our Code of Conduct: quality, environment, business ethics, people, and occupa - tional health and safety. These evaluations are car - ried out on a cyclical basis for existing suppliers and 100% for all new direct material suppliers. During the reporting year, the evaluations were completed in line with our process. We are committed to supporting the responsible sourcing of minerals. We have adopted a Conflict Minerals Policy and communicated it to our suppli - ers. Together with them, we ensure that no conflict minerals are used in DT products. 22 Detection Technology Annual review 2025
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Occupational health and safety We aim to make a positive impact on people’s health and safety. We do this through our products and services, while also prioritizing the well-being of our employees and partners. To support this, we con - tinuously take action and implement measures to maintain and further strengthen our safety culture. Our initiatives include providing training, issuing reg- ular announcements, organizing themed monthly activities, and maintaining a feedback channel that enables employees to report hazards and share improvement ideas. We also reward employees for their contributions to advancing occupational health and safety (OH&S). In 2025, we continued to monitor our key perfor - mance indicator, Total Recordable Incident Rate (TRIR), and achieved our target of ≤2. In addition, we tracked a range of other metrics, including near-misses, lost-time incidents, the number of days lost due to work-related injuries, fatalities, and cases of ill health. We recorded a single minor lost-time incident. Pre - ventative measures were implemented to help avoid similar occurrences in the future. The total number of days lost due to work-related injuries, fatalities, and ill health was 43. Routine occupational health and safety risk assess - ments were carried out at multiple sites, including all volume production factories. Improvement actions were implemented to address the risks identified. We conducted an Occupational Health Laws Pub - licity Week and a Work Safety Month in Beijing and Wuxi, China. These initiatives were supported by comprehensive emergency preparedness drills across multiple facilities, covering scenarios such as fire emergencies, hazardous chemical releases, hazardous waste incidents, radiation safety events, special equipment failures, electrical accidents, and working at height incidents. 23 Detection Technology Annual review 2025
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497 employees at the end of 2025 (487) 13% women in the Management Group (13) 33% women in the Board (33) 40% women (40) 15 nationalities (13) 6% employee turnover rate (8) 60% men (60) Key figures 24 Detection Technology Annual review 2025
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People Our success is built on inspired and well-being pro - fessionals. We aim to create employee experience that supports our people in achieving their full po - tential. We appreciate the diversity within our work- force and cultivate a values-driven culture where open communication and constructive feedback are actively encouraged. In 2025, the number of our personnel remained relatively stable, increasing by 2.1% year-on-year. At the end of 2025, we employed 497 people (487). A total of 385 people worked in China, 95 in Finland, 9 in France, 5 in India, and 3 in the US. Most of our em - ployment relationships are permanent. Overall, our employee turn- over remained at a moder- ate level across all employ - ee groups. At the DT Group level, voluntary turnover, including both direct and indirect labor, decreased to 6.1% (8.4%). We believe this development reflects our employees’ satisfaction and engagement with DT as a workplace. In addition, general uncertainty in the labor market has contrib - uted to lower turnover. The share of female employees remained stable and above the technology industry average. Wom - en accounted for 40% (40) of the workforce, while men represented 60% (60). At the end of the review period, women comprised 13% (13) of the Group’s management team and 33% (33) of the Board of Di- rectors. The number of different nationalities represented in our company increased slightly in 2025. Our compa- ny employed people from 15 different nationalities (13). At DT, diversity extends beyond gender and cultur - al background. As a practical example, we brought together a diverse group of DTians—as we call ourselves—leveraging employee participation and cross-functional teams to explore new ideas and shape future growth priorities as part of the DT2030 strategy. Building the team in India We marked an important milestone with the official opening of our new service and production facility in the greater Delhi area. This expansion strengthens our presence in one of the world’s most dynamic and rapidly developing markets and represents a strategic step in our long-term growth journey. From a personnel perspective, the new facility provides a solid foundation for building local capabilities while supporting our global operations. The establishment of the local team has progressed well, with a clear focus on developing multi-skilled competencies to support both current and future business needs. Knowledge transfer from our oth - er locations has advanced smoothly and continues through structured onboarding, training, and collab- oration across sites. At the same time, we have actively begun embed - ding DT’s values and company culture within the new organization. This work is ongoing and forms an 25 Detection Technology Annual review 2025
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essential foundation for employee engagement, col- laboration, and long-term success at the new site. Evolving knowledge sharing and organization In addition to the establishment of the new site in India, our organization continued to evolve on sev - eral fronts. Knowledge sharing was further strength- ened between the Shanghai-based team focused on flat panel detector development and sales and other sites across the organization. This collaboration has been highly successful and contributed to a 60% increase in annual sales in 2025, driven largely by the ex- pertise and close cooperation of the Shanghai team. To sup- port future growth in the flat panel business, a facility pro - ject was launched in Shanghai to enable business scaling and team growth, with reloca- tion to the new site targeted for Q2 2026. Our new operating model has been in place since the begin- ning of 2025 and has proven to be effective. The regional structure has strengthened customer proximity, clarified accountability, and enhanced decision-making, thereby ac - celerating strategy execution. In addition, measures to im - prove operational efficiency and refocus resourc - es on strategic priority areas led to organizational streamlining during the second half of the year. This included a reduction in headcount, a simpli - fied organizational structure, a more cohesive line management community with fewer organizational layers, and clearer roles and responsibilities. Work related to the new strategic focus areas is ongoing, and the full effects will be realized over time. DT Heartbeat pulse survey We measure employee experience, including feed - back on values-based behaviors and leadership, Program Kicked off Number of participants by the end of 2025 Six Sigma 2010 272 (252) Target group: white-collar employees Lean manufacturing based on the Toyota 2016 151 (115) Production System (TPS) Highlights of employee development programs 26 Detection Technology Annual review 2025
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through the DT Heartbeat pulse survey. This bian - nual survey enables us to gain faster and deeper insights and to address development areas in a timely manner. In addition, it allows us to conduct benchmark analyses against industry peers and to demonstrate development trends to external stake- holders. We continued to systematically monitor employee experience and further develop the DT Heartbeat process in 2025. The process includes a compre - hensive survey in H1, and during the year we intro - duced and piloted a shorter pulse survey in H2. The first survey was conducted in May and the second in November. The response rate was 79% in the first half (H1) and 72% in the second half (H2) of 2025. The average score was 3.4 for H1 and 3.3 for H2 on a scale of 1–4. The feedback has been analyzed, and development measures have been selected in collaboration with our personnel. In addition, in 2025 we continued enhancing our ability to serve our people through digital solutions. We concluded the HRIS (Human Resources Infor - mation System) project and further developed our people processes and analytics, strengthening the quality and visibility of data, including for EcoVadis reporting. The new HRIS also supports employee engagement by fostering an open and transparent feedback culture and enabling digital recognition practices. 27 Detection Technology Annual review 2025
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In the fall 2025, we earned the EcoVadis Bronze Medal in our very first sustainability assessment, achieving an impressive debut score of 63 points. This strong initial result reflects an ex - ceptional first ranking and marks an important milestone in our ongoing commitment to responsible and sus - tainable business prac - tices. Achieving Bronze on the first attempt al - ready places us above average in ESG perfor - mance. Typically, first-time assessed companies score around 48 points, and only about 3% exceed the advanced 65-point level—a threshold we came very close to with our debut score of 63. On average, companies reach or surpass this lev - el only by their fourth EcoVadis rating, making our first-time Bronze result truly exceptional. Our Bronze-level recognition places us among the top 35% of all companies assessed globally over the past twelve months and reflects performance that exceeds 63% of companies rated during the same period. This achievement confirms that we have es- tablished a solid sustainability management system and are performing above average across key ar - eas of environmental, ethical, and so - cial responsibility. Supports continuous improvement Our EcoVadis rating demonstrates that we are a trusted partner. Our customers and oth- er stakeholders can rely on our business opera - tions to meet strong sus- tainability criteria, without concerns about sustaina - bility risks. The assessment also enables us to benchmark our performance against peers and supports our continued sustainability jour- ney, with a clear focus on ongoing development and improvement. We selected EcoVadis as our sustainability assess - ment partner because of its global recognition and reliability. The platform provides a clear and easy-to-understand framework for measuring and communicating sustainability performance, ena - EcoVadis Bronze at first evaluation 28 Detection Technology Annual review 2025
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bling us to transparently share our progress with business partners and the investor community. Our approach to corporate social responsibility is firmly grounded in our vision, mission, and val - ues. Sustainability at Detection Technology is busi - ness-driven and closely tied to our culture, which emphasizes exceptional customer experience and excellence in quality. Our commitment to responsi - ble conduct is reflected in our adherence to certified ISO management systems and compliance with the Responsible Business Alliance (RBA) Code of Con - duct. EcoVadis aligns seamlessly with our sustainability framework. Both RBA and EcoVadis are built on the same international standards, making EcoVadis an effective tool for measuring and communicating our compliance with RBA expectations—and for ensur - ing we continue to evolve in the right direction. 29 Detection Technology Annual review 2025
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Based on the EU Omnibus legislative proposal concerning the Corporate Sustainability Reporting Directive (CSRD) approved in December 2025, De - tection Technology is currently outside the scope of CSRD reporting obligation. The revised thresh - olds apply only to companies with more than 1,000 employees and annual net turnover exceeding EUR 450 million. We continue to monitor legislative developments and will reassess reporting requirements in line with future regulatory changes and stakeholder expecta- tions. We are committed to developing our opera - tions in a goal-oriented manner in line with our busi- ness, strategy, and sustainability framework. CSRD applicability update Nasdaq ESG Transparency Partner Our company was re-certified as a Nasdaq ESG Trans- parency Partner. This recognition is presented to com- panies that display a high level of transparency on en- vironmental, social, and governance issues (ESG) to its current and future investors, and its customers. The Nasdaq ESG Matrix ESG data points are included in our company’s sustainability agenda. 30 Detection Technology Annual review 2025
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The DT way to conduct responsible business stems from our vision, mission, and values—integrity, sim- plicity, driven and result. The DT way is business-driv- en and closely linked to our company culture, which aims to provide a unique customer experience and excellence in quality. It is all about how to treat peo- ple and the environment, and how to foster financial performance now and in the future. We manage sustainability via our ISO 9001:2015-, ISO 14001:2015-, and ISO 13485:2016-certified management systems, and we acknowledge and continuously implement the Code of Conduct of the Responsible Business Alliance (RBA). The RBA Code of Conduct is a set of social, environmental, and ethical industry standards that comply with in - ternational laws and practices, such as the Univer - sal Declaration of Human Rights, ILO International Labor Standards, OECD Guidelines for Multinational Enterprises, and ISO and SA standards. The everyday work of our employees, DTians, is guid- ed by the principles set forth in the Code of Con - duct and many other company policies. Our quality, environmental, business ethics, people, and health and safety policies create the DT Code of Conduct. These policies ensure that working conditions are safe, employees are treated with respect and dig - nity, and business operations are environmentally responsible and ethically conducted. Our management and employees have the obliga - tion to comply with the Code of Conduct and to pro- mote its implementation within our business eco - system. We expect our suppliers and other partners to comply with the same standards in their business operations and aim to ensure that they, in turn, also expect the same of their partners. The Code of Conduct is available on our website www.deetee.com/company/sustainability DT way to manage sustainability RBA The Responsible Business Alliance (RBA) is a nonprofit coalition of companies dedi- cated to improving social, environmental, and ethical conditions in their global supply chains. The RBA was founded in 2004, and it was formerly known as the Electronic Industry Citizenship Coalition (EICC). www.responsiblebusiness.org 31 Detection Technology Annual review 2025
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Through the joint efforts of the ACI network, close to EUR 750,000 was directed at UNICEF’s global ed - ucation program. This vital support helps millions of children gain access to quality education and opens the door to better opportunities for their future. Education is a fundamental right for every child. It plays a crucial role in reducing inequality and pov - erty, while also helping to build more stable socie - ties in which businesses can thrive. Engaging our people Members of the ACI network contribute far more than financial resources. For example, UNICEF Fin - land provides webinars for ACI members, highlight - ing how children’s rights are connected to business operations and corporate responsibility. Through - out the year, we promoted children’s rights both internally and externally as part of our engagement within the ACI network. A key highlight of our efforts was the celebration of World Children’s Day in November. On this occa - sion, we took purposeful steps to raise awareness among our personnel and stakeholders about the importance of children’s rights. To extend our reach, we carried out online awareness campaigns to en - gage a wider audience, alongside on-site activities designed to create an engaging and inclusive expe - rience for our employees and their children. We remain committed to championing children’s rights and global education. Looking ahead, we will continue to strengthen our collaboration with ACI and UNICEF Finland to help ensure that every child has the opportunity to thrive. Making a difference for children with UNICEF Finland In 2025, we continued to strengthen our commitment to children’s rights and global education by actively participating in the Ahlström Collective Impact (ACI) network. Our partnership with UNICEF Finland has enabled us to contribute in a tangible way to improving the lives of children around the world. 32 Detection Technology
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Ahlström Collective Impact (ACI) is an internation - ally recognized network that unites public and pri - vate companies, foundations, shareholders, and employees to act together with UNICEF Finland for the rights of children and a greater global impact. With UNICEF and ACI, we have an international network of true change-makers who believe in the power of collaboration. The network has the pas - sion and courage to spark changes in global socie - ties for future generations. The ACI network boosts the realization of the Unit - ed Nations’ Sustainable Development Goals (SDGs). ACI investments are directed to UNICEF programs that support annually selected SDGs. ACI was initiated by the Eva Ahlström Foundation in 2020. At present, the ACI network members are Ahlstrom, A. Ahlström, Ahlström Invest, Avain Yhtiöt, Destia, Detection Technology, Eva Ahlström Foundation, Glaston, Metsäkonepalvelu, M&J Recy - cling, Suominen, and the Walter Ahlström Founda - tion. Detection Technology became a member in early 2022. Learn more › About ACI 33 Detection Technology Annual review 2025
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Main events and releases in 2025 2025 27–30 JANUARY DT promoted its medical offering at the Arab Health in Dubai, United Arab Emirates. 25–29 MARCH DT introduced its flat panel and CT detec- tor portfolios for dental imaging at the IDS show in Cologne, Germany. 4–7 FEBRUARY DT exhibited industrial CT, line scan, and flat panel detectors at the iCT show in Antwerp, Belgium. 20 MARCH DT introduced the X-Panel 2520z FOM flat panel detector designed to elevate dental imaging, the first in its size class to feature IGZO TFT technology. Read more › 30 APRIL DT announced the global availability of an IGZO-TFT and a-Si-TFT flat panel detector portfolio for medical and industrial applications. Read more › 6–9 MAY DT showcased its flat panel and line scan detector solutions for industrial imaging at the Control exhibition in Stuttgart, Germany. 8–11 APRIL DT showcased its flat panel and CT detector solutions for medical applications at the CMEF show in Shanghai, China. 34 Detection Technology Annual review 2025
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20–22 MAY DT showcased its industrial solutions at the ASNT show in Virginia, USA. 14 MAY DT unveiled X-Cargo, pioneering detector modules for high-speed, high-energy inspection. Read more › 16 JUNE DT reaffirmed its commitment to UNICEF’s global education program as a member of the Ahlström Collective Impact (ACI). Read more › 20–22 AUGUST DT showcased its industrial solutions at the ICENDE show in Kochi, India. 2 SEPTEMBER DT implemented efficiency measures and reorganizations across its sites to improve profitability and competitiveness. Read more › 15 OCTOBER DT introduced AVA — an advanced, versatile, and affordable X-ray line detector family — for security and industrial applications. 6–9 OCTOBER DT promoted its flat panel and line scan industrial portfolios at the ASNT show, in Orlando, USA. 35 Detection Technology Annual review 2025
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29 OCTOBER DT showcased its portfolio for industrial applications at the Q.C. exhibition in Shanghai, China. 21 NOVEMBER DT celebrated Children’s Day at Work in Finland. The day included a variety of activities in its Oulu and Espoo sites. 20 NOVEMBER DT celebrated the World Children’s Day. 12 NOVEMBER DT was awarded GE HealthCare’s 2025 Supplier of the Year. Read more › 17 NOVEMBER DT announced its new DT2030 strategy aiming to outgrow the global X-ray detector market. Read more › 18 NOVEMBER DT hosted Capital Markets Day for the first time in the company’s history. Read more › 36 Detection Technology Annual review 2025
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2026 26 NOVEMBER DT was awarded the EcoVadis Bronze Medal on its very first sustainability assessment – earning an impressive debut score of 63 points. Read more › 30 NOVEMBER – 3 DECEMBER DT showcased its off-the-shelf and customized solutions for medical CT and surgical imaging at the RSNA show in Chicago, USA. 11–13 DECEMBER DT exhibited at the NDE exhibition in Mumbai, India, and promoted its “Made in India” offering. 29 NOVEMBER DT announced advancement of AIDA to customer evaluation, setting a new photon-counting CT (PCCT) data-transmission benchmark. Read more › 9 DECEMBER DT celebrated the official opening of the new India site with local customers and other key stakeholders. The opening ceremony was conducted by the Ambassador of Finland to India, Mr. Kimmo Lähdevirta. Read more › 37 Detection Technology Annual review 2025
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We were honored to receive the 2025 GE HealthCare Supplier of the Year Award, the highest distinction granted by GE HealthCare. This recognition reflects consistent, exceptional performance and value de - livery across multiple dimensions and underscores the strength of our long-standing partnership. The Supplier of the Year Award recognizes excel - lence in innovation, quality, service levels, reliability, agility, sustainability, cost competitiveness, and stra- tegic collaboration. Among several thousand suppli- ers worldwide, we stood out for our commitment to operational excellence, trusted partnership, and a shared vision of advancing healthcare through cut - ting-edge technology and dependable performance. Collective achievement The award represents a collective achievement driv- en by our team’s dedication and strong focus on innovation, reliability, and customer service. It also highlights the long-term strategic collaboration we have built with GE HealthCare as we continue work- ing together to improve medical imaging and patient care globally. This recognition reinforces our ability to deliver con- sistent value through technology leadership, opera- tional excellence, and agile collaboration. It further emphasizes our contribution to enabling smarter, safer, and more efficient healthcare solutions world- wide. Awarded GE HealthCare’s 2025 Supplier of the Year 38 Detection Technology Annual review 2025
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About GE HealthCare GE HealthCare (Nasdaq: GEHC) is a lead- ing global healthcare solutions provider, innovating in medical technology, phar- maceutical diagnostics, and integrated, cloud-first AI-enabled solutions, services, and data analytics. Serving patients and providers for more than 125 years, GE HealthCare advances personalized, con- nected, and compassionate care while simplifying the patient journey across care pathways. With a global workforce of approximately 53,000 employees and an- nual revenue of $19.7 billion, GE Health- Care continues to push the boundaries of healthcare innovation. 39 Detection Technology Annual review 2025
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This investment brings our operations closer to cus- tomers in India and the surrounding region. By of - fering locally delivered services, shorter lead times, and more cost-efficient solutions, we enhance our ability to meet customer needs while maintaining the high-quality standards that define our global op- erations. We see strong long-term potential in India and are committed to supporting customers on the ground with the same level of dedication and relia - bility as across our global footprint. India is undergoing significant development in infra- structure, particularly in healthcare, the movement of people and goods through airports, seaports, rail stations, and border points, as well as in industri - al manufacturing inspection. We intend to play an active role in enabling these developments through our expertise in X-ray imaging. A key milestone is that our comprehensive portfolio of modular detec- tor building blocks is now also produced under the Made in India label. Easily scalable manufacturing Customer shipments of Made in India products began immediately following the opening. During the initial phase of operations, the site focuses on end-assembly and final testing of high-quality detec- tor boards for security X-ray imaging. Our roadmap includes a rapid scale-up to incorporate the assem - bly of TFT flat panel detectors, enabling us to re - spond to the diverse requirements of India’s indus - trial and medical imaging sectors. India factory operational, first customer shipments completed We marked an important milestone with the official opening of our new service and production facility in the greater Delhi area, alongside the first customer shipments delivered from the site in December. The establishment of this facility reinforces our presence in one of the world’s most dynamic and rapidly developing markets and represents a strategic step in our long-term growth journey. 40 Detection Technology Annual review 2025
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The opening ceremony was conducted by the Ambassador of Finland to India, Mr. Kimmo Lähdevirta, who joined company representatives and invited guests to commemorate the occasion. The facility is equipped with advanced production and testing capabilities, supported by investments in modern equipment and a growing team of skilled professionals. In addition to production activities, the site serves as a platform for product demonstra- tions, helping customers identify the most suitable detector solutions for their specific imaging applica- tions. Located in Cyberwalk Tech Park in the greater Delhi area, the facility benefits from excellent connectiv - ity within India and internationally. Operations are conducted through our fully owned subsidiary, DT Detection Technology India Private Ltd., providing a strong local foundation for continued growth and customer engagement in the region. 41 Detection Technology Annual review 2025
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Manufacturing you can trust –at any scale Reliability starts with quality, and in our manufac - turing operations, quality is engineered into every step. From incoming materials to final delivery, our processes follow a zero-defect mindset, supported by lean engineering, certified management systems, and continuous improvement practices. Key electrical functions are tested 100%, and po - ka-yoke methods are applied to prevent errors be - fore they occur. Regular 5S activities, Gemba walks, and Kaizen initiatives reinforce process discipline, ensuring consistent performance, operational transparency, and long-term product reliability. Speed, adaptability, and resilience Quality alone is not sufficient in today’s markets. Sustainable growth also requires speed, adaptabil - ity, and resilience. Our asset-light production model is modular, scal - able, and globally distributed. With manufacturing capabilities in China, Finland, and India, we provide flexible “Made in” options that allow us to respond rapidly to changing demand—whether through vol - ume ramp-ups, product mix adjustments, or supply chain continuity. This global footprint strengthens delivery perfor - mance, maintains consistent quality standards, and reduces operational risk. The result is a manufactur- ing platform that combines precision with agility— supporting dependable execution today while ena - bling scalable growth and resilience for the future. 42 Detection Technology Annual review 2025
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Delhi, India • 2025 • 400 m² Oulu, Finland • 2024 • 2,500 m² • ISO 7 Beijing, China • 2015 • 4,000 m² • ISO 7 Wuxi, China • 2019 • 6,000 m² • ISO 7 43 Detection Technology Annual review 2025
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For the health and safety of people, we equip X-ray systems with high-quality detector solutions and service. Our trusted solutions are the first choice for medical, security, and industrial imaging. We pro - vide one-stop shopping for all detector needs—that makes us unique. We offer off-the-shelf and customized detectors for original equipment manufacturers (OEMs) and system integrators. Our solutions range from sen - sor components to optimized detector subsystems with ASICs, electronics, mechanics, software, and al- gorithms. Our solutions meet the performance and reliabili - ty requirements of the most stringent applications, such as high-end computed tomography (CT) sys - tems. We have what it takes to become a forerun - ner in photon-counting CT (PCCT) imaging, as we are pioneers in PC and CT detectors. Furthermore, our products are built on modular, scalable, and easily customizable platforms. We know that tiny details done right make a big dif - ference, and that’s why we are always pushing the edge of design for improved quality. When it comes to people’s health and safety, only reliable and ro - bust solutions are acceptable. More than two billion inspections are performed daily with our technology, and this number contin - ues to grow rapidly. We are known for providing best-in-class X-ray imaging solutions, service, and flexibility, ensuring a unique customer experience every time. The most trusted partner for X-ray imaging 44 Detection Technology Annual review 2025
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MEDICAL APPLICATIONS • Computed tomography (CT) • Dental imaging • Surgical imaging • Digital radiography • Veterinary imaging SECURITY APPLICATIONS • Cabin and hold baggage screening • Parcel and mail screening • Cargo, container and vehicle screening • Person screening INDUSTRIAL APPLICATIONS • Material sorting in the agriculture, forest, mining and recycling industries • Production process control and quality inspection in the aerospace, automotive, battery, defense, food, pharmaceutical, renewable energy, oil, and gas industries 45 Detection Technology Annual review 2025
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We maintained strong momentum in strategic mar- keting and sales for our flat panel detector portfolio. The development of a comprehensive portfolio and its global availability strengthened our market position. Sales of flat panel detectors for industrial applications grew by 60% in 2025. The growth was primarily fueled by heightened demand in battery and electronics in- spection applications in China. Concurrently, we rein- forced our positioning in the medical segment, with advancements driven by IGZO-TFT solutions. Another example of the strengthened flat panel port- folio is that we launched the unique X-Panel 43108a FQI flat panel detector, which has generated strong interest. It features the largest single-glass TFT X-ray sensor on the market, with an active imaging area of 43 × 108 cm, and a frame rate more than three times higher than conventional solutions. This enables the inspection of large components in a single scan, significantly improving production efficien- cy and throughput times. It is well-suited for demand- ing industrial applications, including the automotive, aerospace, and defense industries. Sales commenced, and the first customer deliveries were successfully completed by year-end. Strategic product launches In 2025, we advanced our business through a series of significant product launches. Through these launches, we strengthened our core business and reinforced our offering toward higher value-added solutions. 46 Detection Technology Annual review 2025
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More added-value integration Another significant strategic launch was X-Cargo, developed for high-speed, high-energy cargo and industrial inspection. It enables scanning speeds of up to 70 km/h and supports large system configura- tions with a new control board capable of operating up to 80 detector modules. Its matrix structure, fea- turing up to eight photodiode rows, significantly en- hances image quality. The modular design provides flexibility, simplifies maintenance, and supports sustainability. Investments in border security are in- creasing, resulting in a successful start of sales. To strengthen our legacy business, we launched the AVA line scan product family for security and indus - trial applications. AVA is designed to deliver high im- aging quality in a cost-efficient manner. It is available as complete subsystems, with performance based on simplified architecture, on-chip algorithms, and the DT API (Application Programming Interface). As an example of our expansion into higher val - ue-added hardware–software solutions and new technologies, our AIDA detector system advanced into customer evaluation. This milestone represents a significant step toward the commercial rollout. AI-powered AIDA addresses key challenges of pho - ton-counting CT (PCCT) X-ray systems, such as the efficient management and transmission of large data volumes. 47 Detection Technology Annual review 2025
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8,600,000+ Cumulative number of solutions shipped. 2,200,000+ Cumulative number of solutions shipped to CT systems. 2,000,000,000+ Inspections done daily with our technology. 10+ Percent (%) of the world’s population travel safer and live healthier every day thanks to our solutions. 10+ Number of Forbes Global 2000 companies as customers. 30+ Years serving the main players in the industry. 20 Estimated global market share (%) in the CT and line scan segments. 500+ World-class brands protected by utilizing our competences. 48 Detection Technology Annual review 2025
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Financial reporting schedule in 2026 Detection Technology Plc will disclose the following financial releases in 2026: Business review January–March 2026: 23 April 2026 Half-yearly report January–June 2026: 6 August 2026 Business review January–September 2026: 29 October 2026 The Annual General Meeting is on 26 March 2026 at 15:00 (EET). 49 Detection Technology Annual review 2025
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Financial statements and Report of the Board of Directors 2025 Detection Technology 50 Detection Technology
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Report of the Board of Directors’ Financial year 2025 in brief Fiscal year 2025 was volatile but pivotal for Detection Technology’s long-term success. Sales in medical applications developed well, but the growth was only sufficient to offset the decline in sales in other application areas. Total net sales remained flat in comparable currencies. Toward the end of the year, the company’s outlook strengthened, flat panel detector sales grew strongly, and the company made a strong start in executing the DT2030 strategy. Detection Technology is now well positioned for 2026 and the new strategic period. The operating environment was characterized by instability in international business and glob- al markets, as well as their indirect effects. In addition, certain one-off events negatively affect- ed sales performance. Detection Technology’s total net sales declined by -6.0% to EUR 101.0 million. Sales outcome was impacted by exchange rate fluctuations, changes in regulatory approvals for aviation CT (computed tomography) systems, and partial renewal of customers’ product portfolios. De - spite these challenges, the company maintained a strong market position across its key appli- cations. Revenue development varied by application. Sales in medical applications increased by 10.6% to EUR 46.7 million, accounting for 46.2% of total net sales. Growth was supported by the easing of indirect effects related to China’s healthcare reform and strengthening CT demand. Apart from a temporary dip in the third quarter due to material shortages, sales developed positively throughout the year. Sales in security applications decreased by -22.8% to EUR 35.7 million, representing 35.4% of total net sales. The decline reflected a strong comparison period, regulatory changes in the 51 Detection Technology Report of the Board of Directors 2025
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aviation sector in the EMEIA (Europe, Middle East, India and Africa) region, weak demand in China, and certain one-off events. Toward the end of the year, CT system installations in the aviation sector gained momentum and inventory buffers began to unwind. Sales in industrial applications declined by -2.2% to EUR 18.6 million, accounting for 18.4% of total net sales. Sales of TFT flat panel detectors grew strongly in the APAC region (Asia-Pacific countries), offsetting the decline in line-scan sales. In other regions, sales were supported par- ticularly by demand from the food industry. Within industrial application sales, an important shift occurred. TFT sales increased by 60%, driven especially by the battery industry in China. The strong development of the TFT business creates growth opportunities also in medical and defense applications globally. Geographically, APAC remained the largest market area. Sales in APAC decreased by -0.2% to EUR 70.4 million. In the EMEIA region, sales declined by -16.2% to EUR 25.5 million, while in the Americas sales decreased by -21.8% to EUR 5.2 million. APAC accounted for 69.7% of the company’s total net sales, EMEIA for 25.2%, and the Americas for 5.1%. Profitability weakened year-on-year. EBITA excluding non-recurring items amounted to EUR 9.6 million, corresponding to 9.5% of net sales. Profitability was burdened by lower sales vol- umes and a sales mix weighted toward medical applications. Exchange rate fluctuations reduced euro-denominated revenue, while the earnings impact was mitigated by a similar currency distribution on the cost base. In the second half of the year, operations were adjusted and resources re-allocated to important growth areas. The DT2025 strategy period concluded at year-end. All targets were not fully achieved, as the company operated in an exceptionally challenging market environment marked by trade policy tensions, COVID-related disruptions, supply chain challenges, decline in the Chinese security market, and China’s healthcare reform. At the same time, competitors in the low- price segment in China strengthened their position. However, the foundations for long-term success were built by expanding the technology base, launching dozens of new products to the market, and improving operational efficiency. The company now offers a comprehensive product portfolio for all digital X-ray detector applications, supporting more balanced and pre- dictable growth. The inauguration of the new factory in India and the first customer deliveries from the site enhanced customer experience and strengthened the company’s position in a growth mar- ket. The investment also improved risk management and increased the company’s resilience within the global supply chain. Other significant events during the financial year included the recognition of Detection Tech- nology as GE HealthCare’s Supplier of the Year 2025 among several thousand companies. The company also received an EcoVadis rating in its first assessment. In November, Detection Technology launched its DT2030 strategy for the next five-year period. The company aims to outgrow the X-ray detector market by delivering data-generating hard- 52 Detection Technology Report of the Board of Directors 2025
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ware and software solutions that provide greater added value and usability for customers. Detection Technology enters the new strategic period with strengthened confidence. Demand has normalized across all main applications, and the outlook has improved. The company is well positioned for renewed growth. Net sales and financial result development In January-December 2025, Detection Technology’s total net sales decreased by -6.0% (3.6%) and were EUR 101.0 (107.5) million. Net sales of APAC Business Unit decreased by -0.2% (2.8%) and were EUR 70.4 (70.5) million. Net sales of EMEIA Business Unit decreased by -16.2% (40.8%) and were EUR 25.5 (30.4) million. Net sales of Americas Business Unit decreased by -21.8% (-51.5%) and were EUR 5.2 (6.6) million. APAC accounted for 69.7% (65.6%) of total net sales, EMEIA for 25.2% (28.3%) and the Americas for 5.1% (6.1%). Net sales from medical applications increased by 10.6% (-12.8%) and were EUR 46.7 (42.2) million. Net sales from security applications decreased by -22.8% (17.8%) and were EUR 35.7 (46.3) million. Net sales from industrial applications decreased by -2.2% (18.2%) and were EUR 18.6 (19.0) million. Medical applications accounted for 46.2% (39.2%) of total net sales, securi- ty applications 35.4% (43.1%), and industrial applications 18.4% (17.7%). The share of the five largest customers in total net sales was 51.5% (52.0%). EBITA for the review period January-December 2025 was EUR 9.3 (14.9) million, or 9.2% (13.9%) of net sales. Non-recurring items (NRI) totaling EUR 0.3 (0.0) million were registered. EBITA excluding NRI was EUR 9.6 (14.9) million, or 9.5% (13.9%) of total net sales. Financial items totaled EUR -0.7 (-0.4) million, and income taxes were EUR -0.9 (-2.2) million. The result for the financial year 2025 was EUR 6.4 (11.1) million. Earnings per share were EUR 0.44 (0.76). Financial position Cash flow from operations in January-December 2025 amounted to EUR 3.9 (20.1) million. The company’s working capital increased by EUR 4.3 million during the financial period. Stocks increased by EUR 7.6 million as the company began preparing for procurement risks. Current receivables increased by EUR 1.9 million. Short-term payables increased by EUR 5.1 million. Cash flow from financing activities in January-December 2025 was EUR -3.3 (-9.3) million. The change in the long-term loans was EUR 0.0 (-4.2) million. Short-term loans increased by EUR 4.0 (-1.8) million. In accordance with the decision by the Annual General Meeting held on 27 March 2025, a total of EUR 7.3 (3.4) million of dividend was paid during the financial year. Net interest-bearing debt totaled EUR -20.5 (-27.8) million at the end of the year. Gearing was -26.1% (-33.6%). Cash and cash equivalents amounted to EUR 25.0 (28.3) million at the end of the year. The 53 Detection Technology Report of the Board of Directors 2025
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Key figures of financial performance Group Group Group Parent Parent Parent company company company 2025 2024 2023 2025 2024 2023 Net sales, EUR 1,000 101,023 107,514 103,794 33,006 39,281 30,470 EBITA excluding NRI, EUR 1,000 9,597 14,892 9,656 4,728 6,688 2,884 EBITA excluding NRI, % 9.5% 13.9% 9.3% 14.3% 17.0% 9.5% EBITA, EUR 1,000 9,255 14,892 8,784 4,728 6,688 2,884 EBITA, % 9.2% 13.9% 8.5% 14.3% 17.0% 9.5% Return on investment (ROI), % 9.2% 17.4% 9.9% 9.5% 35.1% 12.1% Earnings per share, EUR 0.44 0.76 0.38 - - - Earnings per share (diluted), EUR 0.44 0.76 0.38 - - - Equity ratio, % 75.5% 82.6% 77.3% 89.6% 91.9% 79.6% EBITA = EBIT - goodwill amortization according to Finnish Accounting Standards (FAS) Earnings per share have been calculated based on weighted average number of shares outstanding. Earnings per share (diluted) have been calculated based on weighted average number of shares outstanding, diluted. 2025 2024 2023 Number of shares at the end of the period 14,655,630 14,655,930 14,655,930 Weighted average number of shares outstanding 14,655,630 14,655,930 14,655,930 Weighted average number of shares outstanding, diluted 14,655,630 14,659,106 14,655,930 Number of shares company has secured its liquidity by agreeing with banks on lines of credit totaling EUR 23.2 (24.8) million at the closing rate of the review period. At the end of the review period, the un- used line of credit was EUR 18.7 (24.3) million. The loans taken by the company and the parent company’s commitments to related entities are presented in the notes to balance sheet. 54 Detection Technology Report of the Board of Directors 2025
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31.12.2025 31.12.2024 Change, % APAC 385 378 1.9% Americas 3 4 -25.0% EMEIA 109 105 3.8% Total 497 487 2.1% Personnel by geography Group Group Group Parent Parent Parent company company company 2025 2024 2023 2025 2024 2023 Average headcount 489 474 484 97 95 103 Salaries and rewards (EUR 1,000) 18,616 19,058 18,938 7,537 7,685 7,405 Headcount, salaries and rewards Research and development During the financial year January-December 2025, R&D expenses were EUR 11.3 (11.4) million, corresponding to 11.2% (10.6%) of total net sales. All R&D costs are recognized as expenses. Personnel At the end of December 2025, Detection Technology employed 497 people (487). A total of 385 people worked in China, 95 in Finland, 9 in France, 5 in India, and 3 in the US. In January-De- cember 2025, personnel expenses totaled EUR 23.7 (23.9) million. 55 Detection Technology Report of the Board of Directors 2025
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New operating model and reporting structure Detection Technology’s new operating model entered into force on 1 January 2025. Under the new model, the company’s sales and product organization consists of three regional business units: Asia–Pacific (APAC), Europe, Middle East, India and Africa (EMEIA), and the Americas. The Group level functions, which include research and development (R&D), operations, HR, finan- cial administration and IT remained the same. In addition, a member responsible for business development was appointed to the management group. Starting from Q1 of 2025, the company adjusted the net sales split reporting method used in its financial reporting to correspond to its new operating model. The company reports net sales for each region in line with the new geographical division as well as for its three main applications, namely, medical, industrial and security. Board of Directors and management Hannu Syrjälä, Chair of the Board of Directors of Detection Technology Plc, passed away due to illness in February 2025. Due to this, the Board of Directors operated with five members, and Vice Chair Henrik Roos served as Chair until the Annual General Meeting held on 27 March 2025. The Annual General Meeting resolved that the Board of Directors consists of six (6) members. Marion Björkstén, Amy Chen, Richard Ingram, Henrik Roos and Jyrki Vainionpää were re-elect- ed while Antti Vasara was elected as a new member to the Board of Directors. The Board of Directors elected Henrik Roos as the Chair in accordance with the recommen- dation of the Shareholders’ Nomination Board, and Antti Vasara as the Vice Chair of the Board until the next Annual General Meeting. The Board of Directors has appointed Remuneration and Audit Committees from among its members. The members of the Remuneration Committee have been Antti Vasara, Amy Chen and Henrik Roos. The Remuneration Committee appointed Antti Vasara to chair the commit- tee. The members of the Audit Committee have been Jyrki Vainionpää, Marion Björkstén, and Richard Ingram. Jyrki Vainionpää has acted as Chair of the Auditing Committee. Detection Technology’s President and CEO has been Hannu Martola. The company’s auditor was Authorised Public Accounting firm KPMG Oy Ab, and Petri Kettunen, Authorised Public Accountant, acted as the Responsible Auditor. At the end of the financial year, the company’s management group members were Hannu Martola, President and CEO; Matti Nylander, CFO; Arve Lukander, President, EMEIA and Amer- icas Business Units; Chen Wu, President, APAC Business Unit; Juha Talasmäki, Vice President, Business Development; Sari Holopainen, Vice President, People and Culture; Jyrki Still, CTO; and Kai Utela, Vice President, Operations. Bree Allen, President of the Americas Business Unit and a member of the Management Group, 56 Detection Technology Report of the Board of Directors 2025
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left his position at Detection Technology on 23 May 2025. Arve Lukander, President of the EMEIA Business Unit, led the Americas Business Unit alongside his other responsibilities until the end of January 2026. After the financial year ended, Detection Technology appointed Michael Smith as Vice Presi- dent, Sales Americas, effective 2 February 2026. The change had no impact on the company’s financial reporting model. Report on the Corporate Governance A report on the company’s Corporate Governance (CG) has been given for FY 2025. The re - port can be found on the company’s website. Annual General Meeting Annual General Meeting (AGM) 2025 of Detection Technology Plc was held on 27 March 2025. The following matters were handled and resolved in the AGM, in addition to the mat- ters referred to in the company’s Articles of Association: 1. The company’s Board of Directors was authorized to acquire the company’s own shares. This authorization amounts to 732,781 shares and is valid until the conclusion of the fol- lowing Annual General Meeting, but no later than 30 June 2026. At the end of FY 2025, the authorization had not been used. 2. The company’s Board of Directors was authorized to issue a total of 1,465,563 new shares in the company. This authorization is valid until the conclusion of the following Annual General Meeting, but no later than 30 June 2026. At the end of FY 2025, the authorization had not been used. 3. It was decided on the forfeiture of the rights to all the shares entered in the Joint Ac- count, the registration of which has not been requested in accordance with Chapter 6, Section 3 of the Act on the Book-Entry System and Settlement Activities before the de- cision of Annual General Meeting (27 March 2025 at 14:00 EET), as well as of the rights attached to such shares. The Joint Account held a total of 300 shares, corresponding to approximately 0.002 per cent of all shares in the company. Shareholders’ Nomination Board As of 1 September 2025, the Nomination Board has consisted of Peter Seligson, Chair of the Board of A. Ahlström, representing Ahlstrom Capital BV, as Chair of the Nomination Board; and Tomi Viia, Head of Investments at OP, representing the OP mutual funds, and Niina Ark- ko, Director of Sustainability at Aktia, representing the Aktia mutual funds, as members. The Chair of Detection Technology’s Board of Directors, Henrik Roos, has served as an expert member of the Nomination Board. The proposals of the Nomination Board to the Annual General Meeting were published on 29 January 2026. The proposals and the Charter of the Nomination Board are available on the company’s website. 57 Detection Technology Report of the Board of Directors 2025
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Shares and shareholders The average share price of Detection Technology was EUR 12.00 in January–December 2025. The highest price for 2025 was EUR 16.65 and the lowest EUR 9.38. The closing price at the end of December was EUR 11.10, and the company had a market capitalization of approxi - mately EUR 163 million. A total of 1.10 million shares, which is 7.5% of the total number of shares, were traded be - tween 2 January and 30 December. The number of shares outstanding in Detection Tech - nology was 14,655,630 at the end of the review period. The company does not hold its own shares, and the authorization given to the Board of Directors by the Annual General Meeting to acquire the company’s own shares has not been used. The number of shareholders at the end of the review period was 5,697. Approximately 72.0% of the shares were held by the ten largest shareholders. The nominee-registered foreign holding of shares in the company was 12.2%. Detection Technology has one share series, and all shares bear equal voting rights. The com- pany’s shares are listed on the Nasdaq First North Growth Market Finland marketplace under the ticker symbol DETEC. 58 Detection Technology Report of the Board of Directors 2025
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The largest registered shareholders on 31 December 2025 Shares % AHLSTROM CAPITAL BV 5,280,167 36.0% SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) HELSINGIN SIVUKONTTORI 1,719,919 11.7% OP-SUOMI -SIJOITUSRAHASTO 574,172 3.9% KESKINÄINEN TYÖELÄKEVAKUUTUSYHTIÖ VARMA 515,000 3.5% KESKINÄINEN ELÄKEVAKUUTUSYHTIÖ ILMARINEN 493,000 3.4% SIJOITUSRAHASTO AKTIA CAPITAL 485,154 3.3% MARTOLA HANNU VEIKKO 434,690 3.0% EVLI FINNISH SMALL CAP FUND 403,800 2.8% PENSIONSFÖRSÄKRINGSAKTIEBOLAGET VERITAS 389,387 2.7% SÄÄSTÖPANKKI KOTIMAA -SIJOITUSRAHASTO 260,000 1.8% SIJOITUSRAHASTO SÄÄSTÖPANKKI PIENYHTIÖT 192,471 1.3% NACAWI AB 186,025 1.3% OP FIN SMALL CAP 164,337 1.1% NORDEA LIFE ASSURANCE FINLAND LIMITED 156,200 1.1% SIJOITUSRAHASTO AKTIA NORDIC SMALL CAP 140,000 1.0% FONDITA NORDIC MICRO CAP SIJOITUSRAHASTO 133,643 0.9% CHEN WU 104,085 0.7% KIRKON ELÄKERAHASTO 100,000 0.7% PROPRIUS PARTNERS MICRO FINLAND (NON-UCITS) 67,000 0.5% STILL JYRKI MATTI KRISTIAN 65,960 0.5% The 20 largest shareholders in total 11,865,010 81.0% Other shareholders 2,790,620 19.0% Shares in total 14,655,630 100.0% Breakdown of share ownership on 31 December 2025 Number of shares Owners % Shares % 1–100 2,821 49.5% 128,231 0.9% 101–500 2,020 35.5% 513,636 3.5% 501–1,000 451 7.9% 347,033 2.4% 1,001–5,000 311 5.5% 627,720 4.3% 5,001–10,000 38 0.7% 268,931 1.8% 10,001–50,000 34 0.6% 801,705 5.5% 50,001–100,000 5 0.1% 336,324 2.3% 100,001– 17 0.3% 11,632,050 79.4% 5,697 100.0% 14,655,630 100.0% Shareholding of the management and their controlled entities on 31 December 2025 Shares % Members of the Board 23,967 0.2% President and CEO 469,690 3.2% Other members of the management team 223,274 1.5% 59 Detection Technology Report of the Board of Directors 2025
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Stock option program 2020 The subscription period of Detection Technology’s stock options 2020B1 and 2020B2 termi- nated on 31 May 2025, and no subscriptions were made. This was the company’s final active stock option program. The description and terms of the stock option programs can be found on the company’s website. Share-based long-term incentive scheme Detection Technology has a rolling Performance Share Plan (PSP). This long-term incentive scheme established for the company’s management and other key employees consists of separate stock awards, which the company’s Board of Directors resolve each year. On 6 February 2025, the company announced the decision by the Board of Directors to launch the PSP 2025–2027 program. The performance period of PSP 2025–2027 started in the beginning of January 2025, and it will end at the end of 2027. The potential awards under the performance share plan will be paid in H1 2028 as listed shares of Detection Technology. The primary performance measure on the basis of which the potential share rewards under the program will be paid is the total shareholder return (absolute TSR) of Detection Technolo- gy’s share. In addition, performance is evaluated with a sustainability metric, which is connect- ed to the reduction of carbon dioxide emissions. If all the performance targets set for the program are fully achieved, the aggregate maximum number of shares to be paid as a reward under the plan is approximately 279,600 shares (gross earnings before the applicable withholding tax). Approximately 60 people, including management group members, are eligible to participate in the program. The performance period of the PSP 2022–2024 program started at the beginning of August 2022 and ended at the end of 2024, and no share-based payments were made under the program. The performance period of the PSP 2023–2025 program started at the beginning of January 2023 and ended at the end of 2025. The performance period of the PSP 2024–2026 program started in the beginning of January 2024 and will finish at the end of 2026. The per- formance period of the PSP 2025–2027 program started in the beginning of January 2025 and will finish at the end of 2027. Notifications of major holdings Detection Technology did not receive any flagging notifications in FY 2025. The obligation to notify and disclose major changes in holdings and voting rights is set out in Chapter 9 of the Finnish Securities Markets Act. Risks and uncertainties The company’s most significant short-term direct and indirect risk factors and uncertainties are changes in geopolitics, in particular changes in the U.S. policies and tariffs, changes in the U.S.-China and the EU-China relations, global economic uncertainty, the Russian war in Ukraine and the unrest in the Middle East, along with their ramifications on the global and European security and economy, availability and prices of raw materials and the consequent 60 Detection Technology Report of the Board of Directors 2025
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increase in global political uncertainty. In addition, challenges in the availability of special ma- terials and electronic components may have an adverse impact on the company’s business. Other risks are related to business operations in developing markets, the changes in the competitive landscape, price competition, a significant share of net sales being generated by the five largest customers, APAC countries’ large share of sales, customer liquidity, product quality, the startup of production of new products, exchange rate fluctuations, overall cost development particularly in China, the permanence and competence of personnel, recruit - ment of experts and organizational efficiency. The Group has not hedged foreign exchange risks because the Group’s sales in various cur- rency areas are sufficiently balanced by purchases in the same areas. Group loans are not covered by interest rate hedging instruments, and consequently possible interest rate chang- es may impact the company’s results. The Group has taken measures to protect against ma- terial and immaterial damage by obtaining sufficient insurance coverage for its operations. The Group manufactures high-tech X-ray detectors that meet rigorous quality standards and that are used for the critical applications of the medical and the security industry, in particu- lar. It is possible that, despite on-going quality and assurance mechanisms, errors may occur in the company’s design, manufacture and testing processes, due to which the quality of the products may not fully meet customer requirements and thereby cause additional quality costs for the company. Every product is tested in production, in addition to which statistical design and manufacturing process monitoring systems along with various quality assurance and testing methods are used in both production and product development. The company’s management regard these to be adequate to ensure the good quality of products under nor- mal conditions. The Group’s key processes in China and Finland are certified to comply with ISO 9001:2015, 14001:2015 and 13485:2016. The company takes continuous measures to manage the aforementioned risks. Through nor- mal control and precautionary measures, the Company management aims to reduce the impact of risks affecting the company’s operational continuity. Sustainability Detection Technology continued to advance its sustainability efforts during the financial year. The company further developed its operating model in line with the Responsible Business Alliance (RBA) framework and its sustainable development objectives. In the second half of 2025, the company received an EcoVadis Bronze Medal in its first as - sessment. The rating provides an internationally recognized benchmark for environmental, social and governance performance and is aligned with the RBA Code of Conduct, reinforcing the company’s commitment to responsible business practices. In 2025, the themes and subitems of Detection Technology’s sustainability agenda remained unchanged from 2024. The company has decided to retain a similar structure for 2026. Detection Technology achieved all the sustainable development goals set for 2025, except the energy intensity reduction target. The deviation was primarily attributable to increased production in Finland, energy-intensive manufacturing processes and higher electricity con- 61 Detection Technology Report of the Board of Directors 2025
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sumption in future-oriented activities, such as R&D projects requiring extensive reliability testing. The company will continue to promote energy efficiency and monitor energy intensi- ty development in line with its operational plans; however, no specific energy intensity target has been set for 2026. Detection Technology did not receive any information regarding environmental infringe - ments during the financial year 2025. The company also did not receive any notifications of infringements of EU or national laws, or of the company’s Code of Conduct, through its whis- tleblowing channel or other reporting channels. Based on the EU Omnibus legislative proposal approved in December 2025 concerning the Corporate Sustainability Reporting Directive (CSRD), Detection Technology is currently not subject to CSRD reporting requirements. The company continues to monitor regulatory de- velopments and will further develop its sustainability practices in line with its strategy and applicable legislation. To ensure a strong focus on driving transformation and achieving sustainable development goals, sustainability KPIs (Key Performance Indicators) are included in the company’s incen - tive plans. Short-term incentive (STI) plans apply to all employees, and sustainability is also integrated as a key metric in the share-based long-term incentive (LTI) scheme. The outcomes of the 2025 sustainability KPIs and the targets set for 2026 are described in more detail in the company’s 2025 annual review. The annual review also includes examples of measures supporting the implementation of the company’s corporate social responsibility. In addition, the annual review describes the company’s RBA framework for responsible busi- ness and sustainable development. Events after financial year ended After FY 2025, the company’s business has continued without abnormal events. Business outlook Detection Technology expects double-digit year-on-year net sales growth in Q1 and H1 of 2026. The geopolitical situation, new U.S. import tariffs, U.S. relations with other countries, material shortages, and price competition especially in China create uncertainty. Financial targets Detection Technology aims to increase its sales by at least 10% per annum and to achieve an operating margin (EBITA) of 15% in the medium term. The company aims to distribute approximately 30–60% of the Group’s annual result (earnings per share) to shareholders as dividend. 62 Detection Technology Report of the Board of Directors 2025
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Board of Directors’ profit distribution proposal The distributable funds of the parent company Detection Technology Plc are EUR 44,080,486, of which EUR 3,693,403 represents the net profit for the financial year. The company’s funds eligible for dividend distribution total EUR 15,675,401. After the end of the financial year, there have not been significant changes in the company’s financial situation, nor does the solvency test referred to in Chapter 13, Section 2 of the Companies Act affect the amount of distributable funds. The Board of Directors proposes to the Annual General Meeting to be held on 26 March 2026 that, based on the financial statements adopted for 2025, a dividend of EUR 0.30 per share would be paid. The number of shares entitled to dividend is 14,655,630, which means that the total amount of the dividend would be EUR 4,396,689. 63 Detection Technology Report of the Board of Directors 2025
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Group income statement (EUR) 1.1.–31.12.2025 1.1.–31.12.2024 NET SALES 101,022,985 107,513,799 Change in inventories of finished goods and work in progress -444,460 2,487,599 Other operating income 667,529 1,248,934 Materials and services -55,336,849 -58,811,643 Personnel expenses -23,709,765 -23,919,970 Depreciations -2,829,071 -3,193,846 Other operating expenses -11,244,343 -11,561,503 OPERATING PROFIT 8,126,026 13,763,370 Financial income and expenses -719,240 -416,520 PROFIT BEFORE TAXES 7,406,786 13,346,850 Income taxes -913,126 -2,235,472 Minority interest -53,201 598 PROFIT FOR THE FINANCIAL YEAR 6,440,458 11,111,976 64 Detection Technology Financial statements 2025
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Group income statement (EUR) 1.1.–31.12.2025 1.1.–31.12.2024 NET SALES 101,022,985 107,513,799 Change in inventories of finished goods and work in progress -444,460 2,487,599 Other operating income 667,529 1,248,934 Materials and services -55,336,849 -58,811,643 Personnel expenses -23,709,765 -23,919,970 Depreciations -2,829,071 -3,193,846 Other operating expenses -11,244,343 -11,561,503 OPERATING PROFIT 8,126,026 13,763,370 Financial income and expenses -719,240 -416,520 PROFIT BEFORE TAXES 7,406,786 13,346,850 Income taxes -913,126 -2,235,472 Minority interest -53,201 598 PROFIT FOR THE FINANCIAL YEAR 6,440,458 11,111,976 Group balance sheet (EUR) ASSETS 31.12.2025 31.12.2024 NON-CURRENT ASSETS Intangible assets 10,096,627 11,243,807 Tangible assets 4,045,297 4,426,765 Investments 1,690,371 10,500 TOTAL NON-CURRENT ASSETS 15,832,295 15,681,072 CURRENT ASSETS Inventories 29,172,058 22,792,668 Non-current receivables 449,041 370,322 Current receivables 33,673,704 33,067,202 Cash and cash equivalents 24,978,800 28,265,545 TOTAL CURRENT ASSETS 88,273,603 84,495,737 TOTAL ASSETS 104,105,897 100,176,809 EQUITY AND LIABILITIES EQUITY Share capital 80,000 80,000 Share premium account 5,130,025 5,130,025 Invested non-restricted equity fund 28,405,085 28,405,085 Retained earnings 38,132,942 37,633,856 Profit for the financial period 6,440,458 11,111,976 TOTAL EQUITY 78,188,510 82,360,941 Minority interest 232,332 194,858 Current liabilities 25,685,055 17,621,010 TOTAL LIABILITIES 25,685,055 17,621,010 TOTAL EQUITY AND LIABILITIES 104,105,897 100,176,809 65 Detection Technology Financial statements 2025
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Group cash flow statement (EUR) 1.1.–31.12.2025 1.1.–31.12.2024 CASH FLOW FROM OPERATIONS Operating profit 8,126,026 13,763,370 Depreciations 2,829,071 3,193,846 Other non-cash business activities -1,541,276 1,112,390 Change in working capital -4,296,909 4,906,489 Financial income and expenses -29,097 -755,183 Income taxes paid -1,203,271 -2,087,601 CASH FLOW FROM OPERATIONS 3,884,544 20,133,312 CASH FLOW FROM INVESTMENTS Investments in intangible and tangible assets -1,597,778 -2,217,889 Payment for shares in subsidiaries and associated undertakings -1,367,253 0 CASH FLOW FROM INVESTMENTS -2,965,031 -2,217,889 FREE CASH FLOW 919,513 17,915,423 CASH FLOW FROM FINANCING Change in non-current loans 0 -4,200,000 Change in current loans 4,041,595 -1,765,088 Dividend paid -7,327,815 -3,370,995 CASH FLOW FROM FINANCING -3,286,220 -9,336,083 CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at the beginning of the period 28,265,545 19,101,101 Foreign exchange rate effect -920,038 585,103 Cash and cash equivalents at the end of the period 24,978,800 28,265,545 CHANGE IN CASH AND CASH EQUIVALENTS -2,366,707 8,579,340 CHANGE IN WORKING CAPITAL Change in current receivables -1,850,594 2,938,630 Change in inventories -7,593,508 1,597,520 Change in current liabilities 5,147,193 370,340 CHANGE IN WORKING CAPITAL -4,296,909 4,906,489 66 Detection Technology Financial statements 2025
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Group cash flow statement (EUR) 1.1.–31.12.2025 1.1.–31.12.2024 CASH FLOW FROM OPERATIONS Operating profit 8,126,026 13,763,370 Depreciations 2,829,071 3,193,846 Other non-cash business activities -1,541,276 1,112,390 Change in working capital -4,296,909 4,906,489 Financial income and expenses -29,097 -755,183 Income taxes paid -1,203,271 -2,087,601 CASH FLOW FROM OPERATIONS 3,884,544 20,133,312 CASH FLOW FROM INVESTMENTS Investments in intangible and tangible assets -1,597,778 -2,217,889 Payment for shares in subsidiaries and associated undertakings -1,367,253 0 CASH FLOW FROM INVESTMENTS -2,965,031 -2,217,889 FREE CASH FLOW 919,513 17,915,423 CASH FLOW FROM FINANCING Change in non-current loans 0 -4,200,000 Change in current loans 4,041,595 -1,765,088 Dividend paid -7,327,815 -3,370,995 CASH FLOW FROM FINANCING -3,286,220 -9,336,083 CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at the beginning of the period 28,265,545 19,101,101 Foreign exchange rate effect -920,038 585,103 Cash and cash equivalents at the end of the period 24,978,800 28,265,545 CHANGE IN CASH AND CASH EQUIVALENTS -2,366,707 8,579,340 CHANGE IN WORKING CAPITAL Change in current receivables -1,850,594 2,938,630 Change in inventories -7,593,508 1,597,520 Change in current liabilities 5,147,193 370,340 CHANGE IN WORKING CAPITAL -4,296,909 4,906,489 Detection Technology Plc income statement (EUR) 1.1.–31.12.2025 1.1.–31.12.2024 NET SALES 33,005,600 39,280,963 Change in inventories of finished goods and work in progress -988,922 381,267 Other operating income 6,519,704 6,936,894 Materials and services -17,645,106 -22,519,146 Personnel expenses -9,032,198 -9,012,614 Depreciations -462,146 -466,999 Other operating expenses -6,668,520 -7,912,427 OPERATING PROFIT 4,728,411 6,687,939 Financial income and expenses -169,710 10,073,188 PROFIT BEFORE APPROPRIATIONS AND TAXES 4,558,701 16,761,127 Group contributions 0 -50,000 Income taxes -865,298 -1,533,625 PROFIT FOR THE FINANCIAL YEAR 3,693,403 15,177,502 67 Detection Technology Financial statements 2025
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Detection Technology Plc balance sheet (EUR) ASSETS 31.12.2025 31.12.2024 NON-CURRENT ASSETS Intangible assets 1,296,749 1,413,732 Tangible assets 751,624 857,623 Investments 21,594,383 19,683,600 TOTAL NON-CURRENT ASSETS 23,642,756 21,954,955 CURRENT ASSETS Inventories 3,842,361 4,337,317 Non-current receivables 1,421,100 1,298,600 Current receivables 15,150,116 14,241,478 Cash and cash equivalents 10,992,382 15,786,216 TOTAL CURRENT ASSETS 31,405,959 35,663,611 TOTAL ASSETS 55,048,715 57,618,566 EQUITY AND LIABILITIES EQUITY Share capital 80,000 80,000 Share premium account 5,130,025 5,130,025 Invested non-restricted equity fund 28,405,085 28,405,085 Retained earnings 11,981,998 4,131,832 Profit for the financial year 3,693,403 15,177,502 TOTAL EQUITY 49,290,511 52,924,443 LIABILITIES Current liabilities 5,758,204 4,694,123 TOTAL LIABILITIES 5,758,204 4,694,123 TOTAL EQUITY AND LIABILITIES 55,048,715 57,618,566 68 Detection Technology Financial statements 2025
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Detection Technology Plc balance sheet (EUR) ASSETS 31.12.2025 31.12.2024 NON-CURRENT ASSETS Intangible assets 1,296,749 1,413,732 Tangible assets 751,624 857,623 Investments 21,594,383 19,683,600 TOTAL NON-CURRENT ASSETS 23,642,756 21,954,955 CURRENT ASSETS Inventories 3,842,361 4,337,317 Non-current receivables 1,421,100 1,298,600 Current receivables 15,150,116 14,241,478 Cash and cash equivalents 10,992,382 15,786,216 TOTAL CURRENT ASSETS 31,405,959 35,663,611 TOTAL ASSETS 55,048,715 57,618,566 EQUITY AND LIABILITIES EQUITY Share capital 80,000 80,000 Share premium account 5,130,025 5,130,025 Invested non-restricted equity fund 28,405,085 28,405,085 Retained earnings 11,981,998 4,131,832 Profit for the financial year 3,693,403 15,177,502 TOTAL EQUITY 49,290,511 52,924,443 LIABILITIES Current liabilities 5,758,204 4,694,123 TOTAL LIABILITIES 5,758,204 4,694,123 TOTAL EQUITY AND LIABILITIES 55,048,715 57,618,566 Detection Technology Plc cash flow statement (EUR) 1.1.–31.12.2025 1.1.–31.12.2024 CASH FLOW FROM OPERATIONS Operating profit 4,728,411 6,687,939 Depreciations 462,146 466,999 Other non-cash business activities -876,708 680,064 Change in working capital 325,417 -3,210,175 Financial income and expenses 270,471 9,759,857 Income taxes paid -863,645 -1,045,723 CASH FLOW FROM OPERATIONS 4,046,092 13,338,960 CASH FLOW FROM INVESTMENTS Investments in intangible and tangible assets -239,164 -1,487,551 Payment for shares in subsidiaries and associated undertakings -1,356,566 -16,815 CASH FLOW FROM INVESTMENTS -1,595,730 -1,504,366 CASH FLOW FROM FINANCING Change in non-current loans 0 -4,200,000 Change in non-current loans to group companies -122,500 2,368,724 Change in current loans 0 -1,200,000 Change in current loans to group companies 206,120 1,183,840 Group contributions 0 -50,000 Dividend paid -7,327,815 -3,370,864 CASH FLOW FROM FINANCING -7,244,195 -5,268,300 CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at the beginning of the period 15,786,216 9,219,922 Cash and cash equivalents at the end of the period 10,992,382 15,786,216 CHANGE IN CASH AND CASH EQUIVALENTS -4,793,833 6,566,294 CHANGE IN WORKING CAPITAL Change in current receivables -1,443,847 -370,284 Change in inventories 910,803 -1,537,591 Change in current liabilities 858,462 -1,302,300 CHANGE IN WORKING CAPITAL 325,417 -3,210,175 69 Detection Technology Financial statements 2025
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Accounting principles for consolidated financial statements Principles for consolidated financial statements The consolidated financial statements of Detection Technology Group have been prepared in accordance with Finnish Accounting Standards (FAS) and include all Group companies. Intercompany transactions, receivables and liabilities as well as internal shareholding have been eliminated from consolidated financial statements. The associated undertaking has been included in the group financial statements using the equity method. The income statements of subsidiaries and associated undertaking have been converted to euros by using monthly average exchange rates for the financial period, and balance sheets have been converted by using the official rates at the end of the financial period. Differences arising from the currency conversion as well as the translation of foreign subsidiaries and the associated undertaking’s equity are included in retained earnings. Cash flow statements of the Group and Detection Technology Plc have been prepared in compliance with the indirect cash flow reporting method described in the general instructions of the Finnish Accounting Board (KILA). Company shares Share's basic information Trading code DETEC ISIN -code FI4000115464 Votes/share, pcs 1 Share capital, EUR 80,000 Share amount, pcs 14,655,630 Group companies Ownership Country Detection Technology Plc Parent company Finland Detection Technology Holding Oy Subsidiary 100% Finland DTF (H.K.) Ltd. Subsidiary 100% Hong Kong DT Detection Technology India Pvt. Ltd. Subsidiary 100% India DT Electronic Manufacturing (Beijing) Co., Ltd. Subsidiary 100% China DT Electronic Technology (Wuxi) Co., Ltd. Subsidiary 100% China DT Imaging Technology (Shanghai) Co., Ltd. Subsidiary 89.75% China Detection Technology S.A.S. Subsidiary 100% France Detection Technology, Inc. Subsidiary 100% United States Associated companies Ownership Country Beijing Ylongfeng Technology Co. Ltd. Associated undertaking 27% China Goodwill The company recognizes goodwill in its balance sheet resulting from acquisition of a subsidiary, in accordance with Finnish Accounting Standards (FAS). 70 Detection Technology Financial statements 2025
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Accounting principles for consolidated financial statements Principles for consolidated financial statements The consolidated financial statements of Detection Technology Group have been prepared in accordance with Finnish Accounting Standards (FAS) and include all Group companies. Intercompany transactions, receivables and liabilities as well as internal shareholding have been eliminated from consolidated financial statements. The associated undertaking has been included in the group financial statements using the equity method. The income statements of subsidiaries and associated undertaking have been converted to euros by using monthly average exchange rates for the financial period, and balance sheets have been converted by using the official rates at the end of the financial period. Differences arising from the currency conversion as well as the translation of foreign subsidiaries and the associated undertaking’s equity are included in retained earnings. Cash flow statements of the Group and Detection Technology Plc have been prepared in compliance with the indirect cash flow reporting method described in the general instructions of the Finnish Accounting Board (KILA). Company shares Share's basic information Trading code DETEC ISIN -code FI4000115464 Votes/share, pcs 1 Share capital, EUR 80,000 Share amount, pcs 14,655,630 Group companies Ownership Country Detection Technology Plc Parent company Finland Detection Technology Holding Oy Subsidiary 100% Finland DTF (H.K.) Ltd. Subsidiary 100% Hong Kong DT Detection Technology India Pvt. Ltd. Subsidiary 100% India DT Electronic Manufacturing (Beijing) Co., Ltd. Subsidiary 100% China DT Electronic Technology (Wuxi) Co., Ltd. Subsidiary 100% China DT Imaging Technology (Shanghai) Co., Ltd. Subsidiary 89.75% China Detection Technology S.A.S. Subsidiary 100% France Detection Technology, Inc. Subsidiary 100% United States Associated companies Ownership Country Beijing Ylongfeng Technology Co. Ltd. Associated undertaking 27% China Goodwill The company recognizes goodwill in its balance sheet resulting from acquisition of a subsidiary, in accordance with Finnish Accounting Standards (FAS). Deferred taxes The company recognizes material and probable deferred income tax receivables and liabilities. According to the precautionary principle, deferred income tax receivables have not been recognized from subsidiaries operating on loss. Valuation methods and principles Inventories under current assets have been valued at variable acquisition cost in accordance with principles in Chapter 5, Section 6 of the Finnish Accounting Act. Depreciation according to plan has been deducted from the acquisition cost of intangible and tangible assetsrecorded in the balance sheet. The variable costs incurred from the acquisition and commissioning of the asset have been included in the acquisition cost. Planned depreciations have been recorded as straight-line depreciation based on the economic service life of assets. Planned depreciation periods for different asset types are as follows: Intangible rights Straight-line depreciation 3-10 years Goodwill Straight-line depreciation 10 years Other capitalized expenses Straight-line depreciation 3-5 years Machines and equipment Straight-line depreciation 3-10 years Net sales recognition principles The sales of products and services are recognized as revenue on delivery. Conversion of foreign currency items Foreign currency denominated receivables and liabilities have been converted into euros using the exchange rates on the end date of the financial period. Detection Technology Plc A Grid, Otakaari 5A, FI-02150 Espoo, Finland Tel +358 (0) 20 766 9700 www.deetee.com Domicile Espoo, Finland Business ID 0878389-8 Copies of Detection Technology Plc consolidated financial statement can be obtained from the company’s offices in Espoo and Oulu, Finland. 71 Detection Technology Financial statements 2025
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Notes to group’s financial statements 1.1.-31.12.2025 (EUR) NOTES TO INCOME STATEMENT NET SALES 2025 2024 Net sales by business units Americas 5,155,055 6,590,634 APAC 70,379,884 70,525,043 EMEIA 25,488,047 30,398,122 Total 101,022,985 107,513,799 Net sales by applications Industrial 18,621,146 19,038,492 Medical 46,678,036 42,189,819 Security 35,723,803 46,285,487 Total 101,022,985 107,513,799 The five largest customers accounted for 52% (52%) of total sales in the financial year 2025. MATERIALS AND SERVICES 2025 2024 Materials, supplies and goods 61,517,375 54,791,290 Change in inventories -6,875,131 3,295,457 External services 694,606 724,896 Total 55,336,849 58,811,643 PERSONNEL 2025 2024 Personnel expenses Salaries and wages 18,615,699 19,057,775 Pension expenses 2,776,210 2,669,679 Other indirect personnel expenses 2,317,857 2,192,517 Total 23,709,765 23,919,970 Board of Directors' rewards and CEO's salaries and benefits Board of Directors' rewards 326,500 327,500 CEO's salaries and benefits 463,546 344,689 Total 790,046 672,189 President and CEO has a voluntary pension scheme provided by the company. 72 Detection Technology Financial statements 2025
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Notes to group’s financial statements 1.1.-31.12.2025 (EUR) NOTES TO INCOME STATEMENT NET SALES 2025 2024 Net sales by business units Americas 5,155,055 6,590,634 APAC 70,379,884 70,525,043 EMEIA 25,488,047 30,398,122 Total 101,022,985 107,513,799 Net sales by applications Industrial 18,621,146 19,038,492 Medical 46,678,036 42,189,819 Security 35,723,803 46,285,487 Total 101,022,985 107,513,799 The five largest customers accounted for 52% (52%) of total sales in the financial year 2025. MATERIALS AND SERVICES 2025 2024 Materials, supplies and goods 61,517,375 54,791,290 Change in inventories -6,875,131 3,295,457 External services 694,606 724,896 Total 55,336,849 58,811,643 PERSONNEL 2025 2024 Personnel expenses Salaries and wages 18,615,699 19,057,775 Pension expenses 2,776,210 2,669,679 Other indirect personnel expenses 2,317,857 2,192,517 Total 23,709,765 23,919,970 Board of Directors' rewards and CEO's salaries and benefits Board of Directors' rewards 326,500 327,500 CEO's salaries and benefits 463,546 344,689 Total 790,046 672,189 President and CEO has a voluntary pension scheme provided by the company. Key personnel’s share-based incentive schemes The company’s key personnel have share-based incentive schemes that have not been recorded in the financial statements. The performance share plan launched in 2022 enables a share issue of a maximum of 411,780 new shares by the end of 2028 if the set goals are achieved. The incentive schemes do not have a material impact on the company’s profit or its financial position. Average number of personnel during the financial year 2025 2024 Officers 280 271 Workers 209 203 Total 489 474 DEPRECIATIONS 2025 2024 Intangible rights 139,100 213,280 Goodwill 1,128,612 1,128,612 Other capitalized expenses 240,242 396,689 Machinery and equipment 1,321,117 1,455,265 Total 2,829,071 3,193,846 OTHER OPERATING EXPENSES In the financial year 2025, the company recognized a provision change for sales credit loss with value of EUR -121,394 (-136,126) based on management assessment. AUDITING SERVICES 2025 2024 Annual audits 158,148 184,190 Other services 31,327 35,963 Total 189,474 220,154 FINANCIAL INCOME AND EXPENSES 2025 2024 Financial income 328,408 322,658 Interest expenses -58,158 -184,070 Other financial expenses -1,322 -580,078 Share of profit (loss) of associated undertaking -241,599 0 Conversion items -746,569 24,970 Total -719,240 -416,520 In the fiscal year 2025, conversion items consisted mainly of realized and unrealized foreign exchange conversion losses related to the parent company’s currency position of CNY and USD, the foreign exchange rates of which weakened against the EUR. The impacts of changes in the currencies mentioned during the comparison year 2024 have been insignificant. 73 Detection Technology Financial statements 2025
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INCOME TAXES 2025 2024 Income taxes 913,126 2,235,472 Total 913,126 2,235,472 In the financial year 2025, the company recognized current taxes with EUR 824,459 (2,095,336) and deferred income tax receivables of EUR -88,667 (-140,136) related to cost provisions of sales credit loss and inventory write off. 74 Detection Technology Financial statements 2025
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INCOME TAXES 2025 2024 Income taxes 913,126 2,235,472 Total 913,126 2,235,472 In the financial year 2025, the company recognized current taxes with EUR 824,459 (2,095,336) and deferred income tax receivables of EUR -88,667 (-140,136) related to cost provisions of sales credit loss and inventory write off. NOTES TO BALANCE SHEET INTANGIBLE ASSETS 2025 2024 Immaterial rights Carrying amount at 1.1. 230,754 392,737 Increases 22,903 46,962 Reclassification 28,739 0 Conversion items -6,666 4,335 Depreciations -139,100 -213,280 Carrying amount at 31.12. 136,630 230,754 Goodwill Carrying amount at 1.1. 9,593,201 10,721,813 Amortizations -1,128,612 -1,128,612 Carrying amount at 31.12. 8,464,589 9,593,201 Other capitalized expenses Carrying amount at 1.1. 1,366,708 404,332 Increases 130,576 123,189 Reclassification 177,936 1,252,554 Decreases 0 -22,483 Conversion items -10,925 5,805 Depreciations -240,242 -396,689 Carrying amount at 31.12. 1,424,054 1,366,708 Prepayments for intangible assets Carrying amount at 1.1. 53,144 388,496 Increases 233,897 917,163 Reclassification -206,618 -1,252,554 Conversion items -9,069 39 Carrying amount at 31.12. 71,355 53,144 Total 10,096,627 11,243,807 75 Detection Technology Financial statements 2025
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TANGIBLE ASSETS 2025 2024 Machinery and equipment Carrying amount at 1.1. 3,942,189 3,969,903 Increases 609,994 220,335 Reclassification 760,906 1,216,016 Decreases -27,709 -117,640 Conversion items -241,108 108,840 Depreciations -1,321,117 -1,455,265 Carrying amount at 31.12. 3,723,156 3,942,189 Other tangible assets Carrying amount at 1.1. 7,300 3,000 Increases 0 4,300 Carrying amount at 31.12. 7,300 7,300 Prepayment for tangible assets Carrying amount at 1.1. 477,276 819,416 Increases 649,059 905,939 Reclassification -760,906 -1,216,016 Decreases -17,407 -46,056 Conversion items -33,181 13,993 Carrying amount at 31.12. 314,841 477,276 Total 4,045,297 4,426,765 INVESTMENTS 2025 2024 Other shares Carrying amount at 1.1. 10,500 10,501 Increases 1,679,871 0 Decreases 0 -1 Carrying amount at 31.12. 1,690,371 10,500 INVENTORIES 2025 2024 Materials and supplies 21,334,749 14,459,619 Work in progress 1,529,807 1,275,008 Finished goods 6,307,502 7,058,042 Total 29,172,058 22,792,668 76 Detection Technology Financial statements 2025
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TANGIBLE ASSETS 2025 2024 Machinery and equipment Carrying amount at 1.1. 3,942,189 3,969,903 Increases 609,994 220,335 Reclassification 760,906 1,216,016 Decreases -27,709 -117,640 Conversion items -241,108 108,840 Depreciations -1,321,117 -1,455,265 Carrying amount at 31.12. 3,723,156 3,942,189 Other tangible assets Carrying amount at 1.1. 7,300 3,000 Increases 0 4,300 Carrying amount at 31.12. 7,300 7,300 Prepayment for tangible assets Carrying amount at 1.1. 477,276 819,416 Increases 649,059 905,939 Reclassification -760,906 -1,216,016 Decreases -17,407 -46,056 Conversion items -33,181 13,993 Carrying amount at 31.12. 314,841 477,276 Total 4,045,297 4,426,765 INVESTMENTS 2025 2024 Other shares Carrying amount at 1.1. 10,500 10,501 Increases 1,679,871 0 Decreases 0 -1 Carrying amount at 31.12. 1,690,371 10,500 INVENTORIES 2025 2024 Materials and supplies 21,334,749 14,459,619 Work in progress 1,529,807 1,275,008 Finished goods 6,307,502 7,058,042 Total 29,172,058 22,792,668 RECEIVABLES 2025 2024 Non-current receivables Other receivables 449,041 370,322 Total 449,041 370,322 Current receivables Trade receivables 30,447,857 30,368,314 Other receivables 1,315,683 818,356 Accrued income Tax receivables 313,403 425,222 Other accrued income 1,596,761 1,455,310 Accrued income total 1,910,165 1,880,532 Total 33,673,704 33,067,202 Other non-current receivables include a corporate income tax refund of EUR 449,041 (370,322) that French subsidiary Detection Technology S.A.S. will receive based on its future R&D expenses. This is credited against payable income tax or as a cash refund in the fourth year from the financial year on which the tax refund was confirmed. Tax receivables contain current income tax receivables EUR 59,260 (82,411) and deferred tax receivables EUR 254,143 (342,811). NOTES TO EQUITY AND LIABILITIES EQUITY 2025 2024 Share capital 1.1. 80,000 80,000 Share capital 31.12. 80,000 80,000 Share premium account 1.1. 5,130,025 5,130,025 Share premium account 31.12. 5,130,025 5,130,025 Total restricted equity 5,210,025 5,210,025 Invested non-restricted equity fund 1.1. 28,405,085 28,405,085 Invested non-restricted equity fund 31.12. 28,405,085 28,405,085 Retained earnings 1.1. 48,745,831 39,189,632 Adjustments to Retained earnings 480 0 Retained earnings from associated undertakings 10,198 0 Conversion items -3,295,753 1,815,087 Dividend payment -7,327,815 -3,370,864 Profit for the financial year 6,440,458 11,111,976 Retained earnings 31.12. 44,573,400 48,745,831 Total 78,188,510 82,360,941 In the Annual General Meeting (27 March 2025), it was decided on the forfeiture of the rights to all the shares (300) entered in the Joint Account. The dividend debt was returned to adjustments to retained earnings. 77 Detection Technology Financial statements 2025
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LIABILITIES 2025 2024 Current liabilities Loans from financial institutions 4,505,885 498,294 Advances received 208,926 247,353 Trade payables 14,602,484 10,910,282 Other liabilities 1,910,709 655,208 Accrued liabilities Accrued salaries 2,463,103 3,389,109 Accrued indirect personnel expenses 441,661 452,231 Accrued tax payables 229,597 366,805 Warranty provision 502,855 498,144 Other accrued liabilities 819,836 603,582 Accrued liabilities total 4,457,051 5,309,873 Total 25,685,055 17,621,010 Warranty provision equals to approximately 0.5% of the Group’s net sales, according to the estimate by the management. PLEDGES AND COMMITMENTS 2025 2024 Pledges Enterprise mortgages provided as collateral 10,734,913 10,734,913 Total 10,734,913 10,734,913 Credit limit Credit limit granted 23,234,451 24,780,307 Credit limit in use 4,505,892 498,294 Credit limit available 18,728,558 24,282,012 Other commitments Bank guarantee 21,606 21,606 Total 21,606 21,606 Lease commitments Payable in the following financial year 1,827,211 1,862,392 Payable in later years 3,248,913 3,773,534 Total 5,076,124 5,635,926 The granted credit limit contains a credit limit arrangement to the Chinese subsidiaries with an amount of CNY 150,000,000 (150,000,000) and in the end of financial year 2025, the value was EUR 18,234,451 (19,780,307). 78 Detection Technology Financial statements 2025
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LIABILITIES 2025 2024 Current liabilities Loans from financial institutions 4,505,885 498,294 Advances received 208,926 247,353 Trade payables 14,602,484 10,910,282 Other liabilities 1,910,709 655,208 Accrued liabilities Accrued salaries 2,463,103 3,389,109 Accrued indirect personnel expenses 441,661 452,231 Accrued tax payables 229,597 366,805 Warranty provision 502,855 498,144 Other accrued liabilities 819,836 603,582 Accrued liabilities total 4,457,051 5,309,873 Total 25,685,055 17,621,010 Warranty provision equals to approximately 0.5% of the Group’s net sales, according to the estimate by the management. PLEDGES AND COMMITMENTS 2025 2024 Pledges Enterprise mortgages provided as collateral 10,734,913 10,734,913 Total 10,734,913 10,734,913 Credit limit Credit limit granted 23,234,451 24,780,307 Credit limit in use 4,505,892 498,294 Credit limit available 18,728,558 24,282,012 Other commitments Bank guarantee 21,606 21,606 Total 21,606 21,606 Lease commitments Payable in the following financial year 1,827,211 1,862,392 Payable in later years 3,248,913 3,773,534 Total 5,076,124 5,635,926 The granted credit limit contains a credit limit arrangement to the Chinese subsidiaries with an amount of CNY 150,000,000 (150,000,000) and in the end of financial year 2025, the value was EUR 18,234,451 (19,780,307). Notes to parent company’s financial statements 1.1.-31.12.2025 (EUR) NOTES TO INCOME STATEMENT NET SALES 2025 2024 Americas 1,228,880 1,313,703 APAC 6,407,884 7,700,869 EMEIA 25,368,835 30,266,391 Total 33,005,600 39,280,963 OTHER OPERATING INCOME 2025 2024 Royalty income from group companies 6,151,934 6,301,520 Other income from group companies 52,784 24,443 Subsidies from public institutions 314,985 604,352 Other income 0 6,579 Total 6,519,704 6,936,894 MATERIALS AND SERVICES 2025 2024 Materials, supplies and goods 17,946,306 22,935,288 Change in inventories -494,031 -1,069,497 External services 192,831 653,354 Total 17,645,106 22,519,146 PERSONNEL 2025 2024 Personnel expenses Salaries and wages 7,537,036 7,685,432 Pension expenses 1,239,567 1,143,306 Other indirect personnel expenses 255,594 183,876 Total 9,032,198 9,012,614 Board of Directors' rewards and CEO's salaries and benefits Members of the Board of Directors' rewards 326,500 327,500 CEO's salaries and benefits 463,546 344,689 Total 790,046 672,189 President and CEO has a voluntary pension scheme provided by the company. 79 Detection Technology Financial statements 2025
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Key personnel’s share-based incentive schemes The company’s key personnel have share-based incentive schemes that have not been recorded in the financial statements. The performance share plan launched in 2022 enables a share issue of a maximum of 411,780 new shares by the end of 2028 if the set goals are achieved. The incentive schemes do not have a material impact on the company’s profit or its financial position. Average number of personnel during the financial year 2025 2024 Officers 92 90 Workers 5 5 Total 97 95 DEPRECIATIONS 2025 2024 Intangible rights 75,459 113,692 Other capitalized expenses 147,173 101,610 Machinery and equipment 239,514 251,697 Total 462,146 466,999 AUDITING SERVICES 2025 2024 Annual audits 73,000 74,200 Other services 5,400 0 Total 78,400 74,200 FINANCIAL INCOME AND EXPENSES 2025 2024 Dividend income from group companies 0 11,564,649 Financial income from group companies 268,082 422,999 Financial income from others 255,432 243,849 Interest expenses -23,826 -151,350 Other financial expenses -1,207 -581,001 Amortization of investment in group companies 0 -1,550,000 Conversion items -668,189 124,043 Total -169,710 10,073,188 In the comparison year 2024, the parent company converted loan receivables into investment and recognized an equivalent amortization of EUR 1,550,000 for the benefit of its French subsidiary Detection Technology S.A.S., in order to meet local statutory requirements regarding equity. In the fiscal year 2025, conversion items consisted mainly of realized and unrealized foreign exchange conversion losses related to the parent company’s currency position of CNY and USD, the foreign exchange rates of which weakened against the EUR. The impacts of changes in the currencies mentioned during the comparison year 2024 have been insignificant. 80 Detection Technology Financial statements 2025
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Key personnel’s share-based incentive schemes The company’s key personnel have share-based incentive schemes that have not been recorded in the financial statements. The performance share plan launched in 2022 enables a share issue of a maximum of 411,780 new shares by the end of 2028 if the set goals are achieved. The incentive schemes do not have a material impact on the company’s profit or its financial position. Average number of personnel during the financial year 2025 2024 Officers 92 90 Workers 5 5 Total 97 95 DEPRECIATIONS 2025 2024 Intangible rights 75,459 113,692 Other capitalized expenses 147,173 101,610 Machinery and equipment 239,514 251,697 Total 462,146 466,999 AUDITING SERVICES 2025 2024 Annual audits 73,000 74,200 Other services 5,400 0 Total 78,400 74,200 FINANCIAL INCOME AND EXPENSES 2025 2024 Dividend income from group companies 0 11,564,649 Financial income from group companies 268,082 422,999 Financial income from others 255,432 243,849 Interest expenses -23,826 -151,350 Other financial expenses -1,207 -581,001 Amortization of investment in group companies 0 -1,550,000 Conversion items -668,189 124,043 Total -169,710 10,073,188 In the comparison year 2024, the parent company converted loan receivables into investment and recognized an equivalent amortization of EUR 1,550,000 for the benefit of its French subsidiary Detection Technology S.A.S., in order to meet local statutory requirements regarding equity. In the fiscal year 2025, conversion items consisted mainly of realized and unrealized foreign exchange conversion losses related to the parent company’s currency position of CNY and USD, the foreign exchange rates of which weakened against the EUR. The impacts of changes in the currencies mentioned during the comparison year 2024 have been insignificant. GROUP CONTRIBUTIONS 2025 2024 Group contributions 0 -50,000 Total 0 -50,000 In the comparison year 2024, the parent company granted a group contribution to its French subsidiary Detection Technology S.A.S. NOTES TO BALANCE SHEET INTANGIBLE ASSETS 2025 2024 Intangible rights Carrying amount at 1.1. 114,116 227,808 Depreciations -75,459 -113,692 Carrying amount at 31.12. 38,658 114,116 Other capitalized expenses Carrying amount at 1.1. 1,246,471 23,666 Increases 16,544 114,096 Reclassification 142,249 1,232,803 Decreases 0 -42,317 Depreciations -147,173 -81,777 Carrying amount at 31.12. 1,258,091 1,246,471 Prepayments for intangible rights Carrying amount at 1.1. 53,144 388,496 Increases 89,105 897,451 Reclassification -142,249 -1,232,803 Carrying amount at 31.12. 0 53,144 Total 1,296,749 1,413,732 81 Detection Technology Financial statements 2025
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TANGIBLE ASSETS 2025 2024 Machinery and equipment Carrying amount at 1.1. 735,129 570,240 Increases 124,155 108,182 Reclassification 65,194 323,037 Decreases -23,716 -14,695 Depreciations -239,514 -251,634 Carrying amount at 31.12. 661,248 735,129 Other tangible assets Carrying amount at 1.1. 7,300 3,000 Increases 0 4,300 Carrying amount at 31.12. 7,300 7,300 Prepayments for tangible assets Carrying amount at 1.1. 115,194 120,764 Increases 33,076 363,523 Reclassification -65,194 -323,037 Decreases 0 -46,056 Carrying amount at 31.12. 83,076 115,194 Total 751,624 857,623 82 Detection Technology Financial statements 2025
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TANGIBLE ASSETS 2025 2024 Machinery and equipment Carrying amount at 1.1. 735,129 570,240 Increases 124,155 108,182 Reclassification 65,194 323,037 Decreases -23,716 -14,695 Depreciations -239,514 -251,634 Carrying amount at 31.12. 661,248 735,129 Other tangible assets Carrying amount at 1.1. 7,300 3,000 Increases 0 4,300 Carrying amount at 31.12. 7,300 7,300 Prepayments for tangible assets Carrying amount at 1.1. 115,194 120,764 Increases 33,076 363,523 Reclassification -65,194 -323,037 Decreases 0 -46,056 Carrying amount at 31.12. 83,076 115,194 Total 751,624 857,623 2025 2024 19,673,100 19,656,285 0 1,566,815 0 -1,550,000 19,673,100 19,673,100 10,500 10,500 1,910,783 0 1,921,283 10,500 300 300 862 862 2,500 2,500 16,515 16,515 2,814,721 2,814,721 3,874,485 3,874,485 163,463 163,463 12,800,255 12,800,255 1,910,783 0 10,500 10,500 INVESTMENTS Shares in Group companies Carrying amount at 1.1. Increases Amortizations Carrying amount at 31.12. Other shares Carrying amount at 1.1. Increases Carrying amount 31.12. Shares in subsidiaries and other companies: Detection Technology Holding Oy Detection Technology, Inc. Detection Technology S.A.S. DT Detection Technology India Pvt. Ltd. DT Electronic Manufacturing (Beijing) Co., Ltd. DT Electronic Technology (Wuxi) Co., Ltd. DTF (H.K.) Ltd. DT Imaging Technology (Shanghai) Co., Ltd. Beijing Ylongfeng Technology Co. Ltd. Virpiniemi Golf Oy Total 21,594,383 19,683,600 In the fiscal year 2025, the company acquired 27% share of Beijing Ylongfeng Technology Co. Ltd. In the comparison year 2024, the parent company converted loan receivables into investment and recognized an equivalent amortization of EUR 1,550,000 for the benefit of its French subsidiary Detection Technology S.A.S., in order to meet local statutory requirements regarding equity. INVENTORIES 2025 2024 Materials and supplies 3,087,780 2,596,500 Work in progress 173,146 170,026 Finished goods 581,436 1,570,792 Total 3,842,361 4,337,317 83 Detection Technology Financial statements 2025
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RECEIVABLES 2025 2024 Non-current receivables from group companies Loan receivables 1,421,100 1,298,600 Total 1,421,100 1,298,600 Current receivables from group companies Accounts receivable 742,865 68,653 Loan receivables 2,431,260 2,637,380 Other receivables 1,416,857 1,607,235 Accrued income Interest receivables 369,634 560,323 Accrued income total 369,634 560,323 Total 4,960,616 4,873,591 Current receivables from others Accounts receivable 8,783,580 8,093,227 Other receivables 206,882 185,303 Accrued income Other accrued income 1,199,037 1,089,357 Accrued income total 1,199,037 1,089,357 Total 10,189,500 9,367,887 At the end of the financial year 2025, other accrued income included receivables from public funding EUR 342,282 (231,428). In the comparison year 2024, the parent company converted loan receivables into investment and recognized an equivalent amortization of EUR 1,550,000 for the benefit of its French subsidiary Detection Technology S.A.S., in order to meet local statutory requirements regarding equity. 84 Detection Technology Financial statements 2025
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RECEIVABLES 2025 2024 Non-current receivables from group companies Loan receivables 1,421,100 1,298,600 Total 1,421,100 1,298,600 Current receivables from group companies Accounts receivable 742,865 68,653 Loan receivables 2,431,260 2,637,380 Other receivables 1,416,857 1,607,235 Accrued income Interest receivables 369,634 560,323 Accrued income total 369,634 560,323 Total 4,960,616 4,873,591 Current receivables from others Accounts receivable 8,783,580 8,093,227 Other receivables 206,882 185,303 Accrued income Other accrued income 1,199,037 1,089,357 Accrued income total 1,199,037 1,089,357 Total 10,189,500 9,367,887 At the end of the financial year 2025, other accrued income included receivables from public funding EUR 342,282 (231,428). In the comparison year 2024, the parent company converted loan receivables into investment and recognized an equivalent amortization of EUR 1,550,000 for the benefit of its French subsidiary Detection Technology S.A.S., in order to meet local statutory requirements regarding equity. NOTES TO EQUITY AND LIABILITIES EQUITY 2025 2024 Share capital 1.1. 80,000 80,000 Share capital 31.12. 80,000 80,000 Share premium account 1.1. 5,130,025 5,130,025 Share premium account 31.12. 5,130,025 5,130,025 Total restricted equity 5,210,025 5,210,025 Invested non-restricted equity fund 1.1. 28,405,085 28,405,085 Invested non-restricted equity fund 31.12. 28,405,085 28,405,085 Retained earnings 1.1. 19,309,333 7,502,696 Dividend payment -7,327,815 -3,370,864 Adjustments to retained earnings 480 0 Profit for financial year 3,693,403 15,177,502 Retained earnings 31.12. 15,675,401 19,309,333 Total 49,290,511 52,924,443 Distributable equity at the end of the period Invested non-restricted equity fund 28,405,085 28,405,085 Retained earnings 1.1. 19,309,333 7,502,696 Dividend payment -7,327,815 -3,370,864 Adjustments to retained earnings 480 0 Profit for the financial year 3,693,403 15,177,502 Distributable equity at the end of the period 44,080,486 47,714,419 In the Annual General Meeting (27 March 2025), it was decided on the forfeiture of the rights to all the shares (300) entered in the Joint Account. The dividend debt was returned to adjustments to retained earnings. 85 Detection Technology Financial statements 2025
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LIABILITIES 2025 2024 Current liabilities to others Trade payables 556,663 523,035 Other payables 1,123,378 620,687 Accrued liabilities Accrued salaries 1,476,248 1,910,768 Accrued indirect personnel expenses 159,380 162,244 Income tax liabilities 209,586 131,112 Other accrued liabilities 129,400 117,945 Total accrued liabilities 1,974,614 2,322,070 Total 3,654,655 3,465,793 Current liabilities to group companies Trade payables 2,103,550 1,228,330 Total 2,103,550 1,228,330 PLEDGES AND COMMITMENTS 2025 2024 Pledges Enterprise mortgages provided as collateral 10,734,913 10,734,913 Total 10,734,913 10,734,913 Credit limit Credit limit granted 5,000,000 5,000,000 Credit limit in use 0 0 Credit limit available 5,000,000 5,000,000 Other commitments Collateral on behalf of subsidiaries 18,234,451 19,780,307 Bank guarantee 21,606 21,606 Total 18,256,056 19,801,912 Lease commitments Payable in the following financial year 743,502 653,914 Payable in later years 2,606,634 2,309,488 Total 3,350,136 2,963,402 Collateral on behalf of the subsidiaries consists entirely of a credit limit arrangement to the Chinese subsidiaries, with an amount of CNY 150,000,000 (150,000,000) at the end of the financial year 2025. 86 Detection Technology Financial statements 2025
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LIABILITIES 2025 2024 Current liabilities to others Trade payables 556,663 523,035 Other payables 1,123,378 620,687 Accrued liabilities Accrued salaries 1,476,248 1,910,768 Accrued indirect personnel expenses 159,380 162,244 Income tax liabilities 209,586 131,112 Other accrued liabilities 129,400 117,945 Total accrued liabilities 1,974,614 2,322,070 Total 3,654,655 3,465,793 Current liabilities to group companies Trade payables 2,103,550 1,228,330 Total 2,103,550 1,228,330 PLEDGES AND COMMITMENTS 2025 2024 Pledges Enterprise mortgages provided as collateral 10,734,913 10,734,913 Total 10,734,913 10,734,913 Credit limit Credit limit granted 5,000,000 5,000,000 Credit limit in use 0 0 Credit limit available 5,000,000 5,000,000 Other commitments Collateral on behalf of subsidiaries 18,234,451 19,780,307 Bank guarantee 21,606 21,606 Total 18,256,056 19,801,912 Lease commitments Payable in the following financial year 743,502 653,914 Payable in later years 2,606,634 2,309,488 Total 3,350,136 2,963,402 Collateral on behalf of the subsidiaries consists entirely of a credit limit arrangement to the Chinese subsidiaries, with an amount of CNY 150,000,000 (150,000,000) at the end of the financial year 2025. Signatures for the financial statements and the report of the Board of Directors Espoo 4 March 2026 Henrik Roos Antti Vasara Chair of the Board Vice Chair of the Board Marion Björkstén Amy Chen Member of the Board Member of the Board Richard Ingram Jyrki Vainionpää Member of the Board Member of the Board Hannu Martola President and CEO The Auditor's note to the financial statements Auditor's report has been given on the date of signature Espoo 4 March 2026 Petri Kettunen, Authorized Public Accountant KPMG Oy Ab Authorized Public Accountant Firm 87 Detection Technology Financial statements 2025
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This document is an English translation of the Finnish auditor’s report. Only the Finnish version of the report is legally binding. Auditor’s Report To the Annual General Meeting of Detection Technology Oyj Report on the Audit of the Financial Statements Opinion We have audited the financial statements of Detection Technology Oyj (business identity code 0878389-8) for the year ended 31 December, 2025. The financial statements comprise the balance sheets, the income statements, cash flow statements and notes for the group as well as for the parent company. In our opinion, the financial statements give a true and fair view of the group’s and the company’s financial performance and financial position in accordance with the laws and regulations governing the preparation of financial statements in Finland and comply with statutory requirements. Basis for Opinion We conducted our audit in accordance with good auditing practice in Finland. Our respon - sibilities under good auditing practice are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the parent company and of the group companies in accordance with the ethical requirements that are applicable in Finland and are relevant to our audit, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of the Board of Directors and the Managing Director for the Financial Statements The Board of Directors and the Managing Director are responsible for the preparation of financial statements that give a true and fair view in accordance with the laws and regula - tions governing the preparation of financial statements in Finland and comply with statutory requirements. The Board of Directors and the Managing Director are also responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Board of Directors and the Managing Director are responsible for assessing the parent company’s and the group’s ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting. The financial statements are prepared using the going concern basis of accounting unless there is an intention to liquidate the parent company or the group or cease operations, or there is no realistic alternative but to do so. 88 Detection Technology Financial statements 2025
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Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to is - sue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with good auditing practice will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements. As part of an audit in accordance with good auditing practice, we exercise professional judg- ment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, wheth- er due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the parent company’s or the group’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of the Board of Directors’ and the Managing Direc - tor’s use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the parent company’s or the group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, in- cluding the disclosures, and whether the financial statements represent the underlying transactions and events so that the financial statements give a true and fair view. • Plan and perform the group audit to obtain sufficient appropriate audit evidence re - garding the financial information of the entities or business units within the group as a basis for forming an opinion on the group financial statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 89 Detection Technology Auditor’s report 2025
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Other Reporting Requirements Other Information The Board of Directors and the Managing Director are responsible for the other information. The other information comprises the report of the Board of Directors and the information included in the Annual Review but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other informa- tion. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be mate - rially misstated. Our responsibility also includes considering whether the report of the Board of Directors has been prepared in compliance with the applicable provisions. In our opinion, the information in the report of the Board of Directors is consistent with the information in the financial statements and the report of the Board of Directors has been prepared in accordance with the appli- cable provisions. If, based on the work we have performed, we conclude that there is a ma - terial misstatement of the other information, we are required to report that fact. We have nothing to report in this regard. Helsinki, 4 March 2026 KPMG OY AB Audit Firm Petri Kettunen Authorised Public Accountant, KHT 91 Detection Technology Auditor’s report 2025
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