SAF Tehnika (SAF1R) Q3 25/26 earnings summary

Executive summary

• Net turnover for Q3 2025/2026 reached EUR 13.77 million, 2.5 times higher year-over-year, with strong growth across all regions.

• Nine-month turnover was EUR 37.12 million, up 77% year-over-year, and net profit for the period was EUR 5.98 million, compared to EUR 93 thousand last year.

• Q3 net profit was EUR 2.46 million, reversing a loss of EUR 949 thousand in Q3 2024/2025.

• Investment made in a 50.5% stake in SIA "AeroVictory Baltic" to expand into drone technology.

Financial highlights

• Q3 EBITDA was EUR 2.04 million (15% margin), EBIT EUR 2.47 million (18% margin), and EPS EUR 0.83.

• Total assets at March 31, 2026 were EUR 34.8 million, up from EUR 25.0 million a year earlier.

• Cash balance at period end was EUR 7.3 million; net cash flow for nine months was EUR 2.5 million.

• Return on assets (ROA) was 7.41%, and return on equity (ROE) was 12.04% for Q3.

Outlook and guidance

• No specific sales or operational forecasts provided; focus remains on stabilizing turnover and maintaining positive net results.

• Ongoing monitoring of geopolitical risks and supply chain pressures, with material reserves maintained to ensure short delivery times.