Inin Group (ININ) investor relations material

Executive summary

• Operating revenues increased to NOK 517.6 million in H1 2026, up from NOK 445.2 million year-over-year, driven by organic growth and acquisitions.

• Net profit reached NOK 339.1 million, mainly due to a NOK 366.0 million gain from the sale of discontinued operations.

• The Power segment grew, highlighted by the acquisition of B45 Anlegg AS, while the Rail segment was divested and Inspection (TIC) remained.

• Equity ratio improved to 48.4% as of June 30, 2026, from 12.3% at the end of 2025.

Financial highlights

• EBITDA was NOK 6.7 million, down from NOK 28.7 million in H1 2025.

• EBIT was negative NOK 23.8 million, compared to negative NOK 5.6 million year-over-year.

• Cash flow from operating activities improved to NOK -10.2 million from NOK -37.8 million.

• Cash and cash equivalents stood at NOK 28.1 million at period end.

• Basic and diluted EPS were NOK 2.60, compared to NOK -0.33 in H1 2025.

Outlook and guidance

• Expects continued market growth in power distribution due to renewable energy demand, urbanization, and infrastructure maintenance needs.

• Anticipates growth in inspection services driven by regulatory requirements, international trade, and sustainability focus.