Interim report October – December 2024 – HAKI Safety AB (publ)

“Good end to the year with continued growth in a soft market”, Sverker Lindberg, President and CEO

Fourth quarter 2024

• Net sales increased 8 percent to SEK 292 M (271). Organically, net sales increased 11 percent. Acquisitions and divestments had a negative impact on net sales of 1 percent. Exchange rate effects had a negative impact on net sales of 2 percent.

• Adjusted EBITA increased 32 percent and amounted to SEK 25 M (19).

• Operating profit amounted to SEK 20 M (19). Adjustments concerning transaction costs and revaluation of earnouts had net effect on the result by SEK -2 M (2).

• Net result after tax was SEK 10 M (7).

• Cash flow from operating activities amounted to SEK 14 M (71).

• Earnings per share before dilution totalled SEK 0.37 (0.26) and after dilution SEK 0.36 (0.25).

• Semmco Group, with an annual turnover of approximately SEK 100 M, was acquired on October 29, 2024.

January – December 2024

• Net sales declined 12 percent to SEK 1,050 M (1,188). Organically, net sales declined 5 percent. Acquisitions and divestments had a negative impact on net sales of 7 percent. Exchange rates had no impact on net sales.

• Adjusted EBITA amounted to SEK 77 M (95).

• Operating profit amounted to SEK 70 M (99).

• Net result after tax was SEK 41 M (62).

• Cash flow from operating activities amounted to SEK -4 M (153).

• Earnings per share before dilution totalled SEK 1.50 (2.27) and after dilution SEK 1.48 (2.24).

• The Board of Directors proposes the Annual General Meeting a dividend of SEK 0.50 per share (0.90), taking ongoing acquisition activities into account.

Significant events after the close of the period

• On January 30, 2025, an agreement was signed to acquire Trimtec, and the Board announced that it is considering a new issue of shares.

• A strategic review of the remaining portfolio company, Landqvist Mekaniska Verkstad, has been initiated.

This is a translation of the Swedish original version. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.