Elecster (ELEAV) investor relations material

Executive summary

• Revenue for January–June 2026 was €15.8 million, down 5.2% year-over-year; operating profit was €0.1 million, compared to €0.5 million last year.

• Q2 revenue grew 2.4% year-over-year to €9.2 million; operating profit was €0.3 million, down from €0.5 million.

• Order backlog at period-end was €4.8 million, significantly lower than €6.7 million a year ago.

• Net result for H1 was a loss of €0.2 million, improved from a €0.5 million loss last year; EPS was -€0.06.

• Significant one-time costs of €0.4 million related to a fire at the Kenyan subsidiary impacted H1 results.

Financial highlights

• H1 operating margin was 0.6% (3.0% last year); Q2 margin was 2.9% (6.0%).

• Net debt decreased, with net gearing at 9.8% (24.6% last year); equity ratio improved to 66.0% (59.5%).

• Cash flow from operations was €41,000, down from €197,000 in H1 2025.

• Gross investments totaled €0.1 million, unchanged year-over-year.

Outlook and guidance

• Revenue and EPS are expected to improve for the full year compared to 2025.

• Management expects order backlog to recover in H2, with packaging material profitability improving as raw material prices decline.