Unibap Space Solutions AB

Hej och välkomna till Unibub's Q4 presentation.

Som vanligt så kommer vi spela in presentationen och sedan lägga ut den på webben i efterhand. Om ni har några frågor så kan ni skriva dem i chatten och så plockar vi upp dem i slutet av presentationen. Då kör vi igång. Vi som presenterar, som vanligt, är jag, Johan, vd, och så har vi med mig Henrik Fredin, våran CFO. Agendan är genomgång av Q4 och helåret, sedan lite highlights, och sedan en genomgång av de viktigaste marknadsutvecklingen, och sedan i slutet hur vi ser på 2026. Då börjar vi. Varsågod, Henke.

Yes, thank you. Yes, we have our three graphs and we start with the left one, which is the net turnover. And there we reached 33.5 million during the fourth quarter and that is an increase of 27% compared to the same quarter in 2024. And the revenues in the fourth quarter includes the first call-out under the framework agreement, which was written as a loft orbital during the third quarter. And that year it went up to just under 16 million kronor, each 12 million kronor ended up as revenues under Q4. The remaining four are offshore licenses that run for five years. Then it also includes the quarter The first order from Leonardo, which was delivered during Q4, and it went up to 11 million. And even here, a part of the value of licenses is made up. For this year, however, we did not reach our goal of at least 30% revenue growth, which we also communicated in the Q3 report. The net turnover fell to 100 million kronor, which is an increase of 11% compared to last year. But as Johan says in the VD-word in the conclusion communique, we look at 2026 with caution, not least given the same trade agreements we entered in 2025. If we look at the picture in the middle, the EBIT movement result, we reached 1.4 million under Q4. This is an increase of about one million compared to the same quarter last year. For the whole year, there is also a loss of 23 million, minus 23 million kronor. This is a result that weighs on a higher cost base compared to previous years. It relates to our investment in the US, where we have established a subsidiary company with operations, as well as our increased investment in defense and security and costs for research and development. These are three areas, the US, defense and product development, where we see the costs as investments in future growth. If we look at the right picture, the cash flow, the current business to minus 7 million. And that was negatively affected by the timing of a customer payment that ended up on, from our point of view, the wrong side of the change of year. There was a payment of 11 million on January 2nd. And this also meant that last December, liquid funds were negatively affected. But on January 2nd, the cash was filled with 11 million kronor from this customer payment. Och avslutningsvis kan vi säga att vi har ju tidigare kommunicerat att vi har haft och kommer att ha relativt stora variationer mellan kvartalen, såväl vad gäller omsättning som resultat och även kassaflöden. Och det fjärde kvartalet är ytterligare ett exempel på just de variationerna vi ser och kommer att se framöver.