Eezy (EEZY) Investor update summary

Strategic update and market positioning

• Updated strategy in December 2025 focuses on growth in core competence areas, digitalization of staffing services, and further development of the franchise network and concept.

• Aims for faster-than-market growth by targeting strong sectors such as health and social care, industry, construction, retail, and HoReCa.

• Maintains a top 2 market position in Finland, with a nationwide presence and a franchise model enabling local reach and lighter capital structure.

• Proprietary AI-assisted technology differentiates operations, filling 25% of shift orders within one minute and 75% within 53 minutes.

• Sustainability and responsible workforce practices are emphasized, with annual CSRD-compliant reporting.

Financial performance and targets

• Group revenue declined from €219.0m in 2023 to €139.3m in 2025, mainly due to market downturn and transfer of offices to franchisees.

• EBIT improved in H2 2025 despite lower volumes, supported by cost structure streamlining and investments in the new operations management system.

• Balance sheet strengthened with declining gearing (52.8% in 2023 to 43.5% in 2025) and improved equity ratio (53.2% to 56.3%).

• Operative free cash flow increased in 2025 due to cash flow optimization and upfront VAT deductions.

• Long-term targets for 2028: chain-wide revenue over €330m, group revenue over €200m, and EBIT over 5%.

Rights issue details

• Rights issue of up to 100,187,260 new shares, aiming to raise approximately €10 million, with a subscription price of €0.10 per share.

• Proceeds will strengthen the balance sheet, support strategy execution for sustainable profitable growth, and pay off interest-bearing VAT debt.

• Subscription rights allow existing shareholders to subscribe for four new shares per right; secondary subscription available for unsubscribed shares.

• Key dates: record date 25 March, trading in subscription rights starts 26 March, subscription period ends 16 April 2026.