10/23/2025

speaker
Moderator
Investor Relations

Hi, and welcome to this report interview with Kebny. Kebny released his figures for the third quarter this morning. And with us to tell a little more about Q3, future prospects, we have CEO Torbjörn Saxmo. Welcome, Torbjörn. Thank you. Upplägget är som det har varit de tidigare gångerna. Torbjörn inleder med en presentation av Kvartalet och Kevni. Och sen avslutar vi med en frågestund som jag kommer att hålla i. Och med det så lämnar jag över scenen till dig, Torbjörn.

speaker
Torbjörn Saxmo
CEO

Tack. First, a little short about Kebni. We are a small high-tech company that develops and manufactures stabilization and navigation satellite communication. We have two product areas, Satcom and Inertial Sensing. Typical customers are in defense companies, authorities, where there are high requirements for performance and robustness. Examples of such customers are Saab and Epiroc. If we then go into the quarter. We close the third quarter with a turnover of 30.4 million. It is 8% up compared to the corresponding period last year. EBITDA 3.5 million corresponds to 11% and net profit 0.9 million corresponds to 3%. Vi har ett negativt operativt kassaflöde på minus 10,5 miljoner. Där ser man att vi har ökade kundfodringar, vi har ett ökat lager och vi jobbar med att utveckla våra produkter. If you look at what we are doing right now, one of the more important things happening on the market is the interest in drones. To facilitate integration into different drone applications, we are developing a border area called ArduPilot. It is an open architecture that we use to enable integration of Sensation in a simple way. This will be ready and delivered to customers in October for the first time. Further, I can state that during the quarter we have delivered to Aimpoint the first parts of that collaboration. Very exciting. Our project in Korea with Ace Antenna is moving forward in a good way. We see that the customer, the end user, is testing the system with good results. Looking at our satellite side, we are preparing our product portfolio. We have, in our own opinion, the best stabilized platform in the world. And now we are taking the next step by providing the stabilized platform with a dual-band solution. This means that we will be able to send and receive two frequency bands in parallel. Previously, we have only worked with one frequency band, so that is a big difference. Finally, I would like to note that our subsidiary, Satmission, has been mentioned in the news, and I would like to comment on that. Of course, it is of utmost importance for both the management and the board that we follow the laws and rules, and that is the case. Since 2021, we have not exported to Russia. In the same year, we also introduced a clause in all our agreements that prohibits further export to third countries. Vi har samarbetat och varit transparenta med aktuella myndigheter och den tillsyn som har genomförts är avslutad. Tack.

speaker
Moderator
Investor Relations

Tack för det Torbjörn. And I think we'll start by talking a little bit about the turnover and, above all, how the product mix was. Because the turnover itself is what we expect in a quarter when no special order has come in. So there's not much to talk about, but it's mainly the product mix here. How does it look? What is it out of Enlo and IMU that you sell?

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