Agtira (AGTIRA) investor relations material

Executive summary

• Achieved record quarterly results with strong organic growth, positive EBITDA, and positive operating cash flow despite high energy costs and challenging market conditions.

• Focused strategy on large-scale cucumber production led to 38% organic growth and improved EBITDA by SEK 4.7 million, excluding the Pepino acquisition.

• Integration of Pepino AB and Gurkfast progressing well, with synergies already contributing and full effect expected later in 2026.

• All production facilities operated stably and according to plan, with the Påarp facility reaching full production in March.

Financial highlights

• Net sales for Q1 2026 reached SEK 28.2 million, up 61% year-over-year (SEK 17.5 million in Q1 2025).

• EBITDA was SEK 3.3 million, a significant improvement from SEK -1.4 million in Q1 2025.

• EBIT was SEK -4.1 million, improved from SEK -5.6 million year-over-year.

• Earnings per share were SEK -0.03, up from SEK -0.12 in Q1 2025.

• Operating cash flow was SEK 0.6 million, compared to SEK -14.7 million in Q1 2025.

• Gross margin strengthened to 48% from 43% year-over-year.

• Liquidity at period end was SEK 4.6 million (SEK 2.2 million in Q1 2025).

• Equity ratio remained strong at 73%.

Outlook and guidance

• Targeting continued strong growth and profitability at the EBITDA level for the full year 2026.

• Expecting positive contributions from Pepino in Q2 and Q3 due to seasonal effects.

• Ongoing projects to expand year-round production capacity, with plans to convert 15,000 sqm of greenhouses, estimated to increase annual sales by SEK 40 million when completed.