Interim report
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Ericsson Nikola Tesla d.d. Consolidated statement of comprehensive income for the period ended 30 September 2026 2026 2025 EUR ‘000 EUR ‘000 Sales revenue 204.151 165.593 Cost of sales -176.787 -144.669 ________ ________ Gross profit 27.364 20.924 Selling expenses -4.618 -4.382 Administrative expenses -7.119 -4.895 Other operating income 2.274 4.359 Other operating expenses - - Impairment (loss)/gain on financial assets -9 20 ________ ________ Operating profit 17.892 16.026 ________ ________ Finance income 586 865 Finance expense -396 -374 ________ ________ Finance income/(expense), net 190 491 ________ ________ Profit before tax 18.082 16.517 Income tax -3.350 -2.997 ________ ________ Profit for the year 14.732 13.520 ________ ________ Other comprehensive income - - ________ ________ Total comprehensive income for the year 14.732 13.520 ________ ________ Earnings per share (EUR) 11 11
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Ericsson Nikola Tesla d.d. Consolidated statement of financial position as at 30 September 2026 2026 2025 EUR ‘000 EUR ‘000 ASSETS Non-current assets Property, plant and equipment 13.004 14.064 Right of use assets 12.133 13.012 Intangible assets 2.057 2.126 Loans and receivables 157 662 Deferred tax assets 2.781 2.756 ________ ________ Total non-current assets 30.132 32.620 ________ ________ Current assets Inventories 14.799 10.807 Trade receivables 26.093 24.997 Contract assets - - Receivables from related parties 40.739 44.149 Other receivables 1.687 2.122 Income tax receivable 1.333 1.532 Prepayments 5.209 2.247 Financial assets at fair value through profit or loss 4.775 4.729 Cash and cash equivalents 43.337 47.193 ________ ________ Total current assets 137.972 137.776 ________ ________ TOTAL ASSETS 168.104 170.396 ________ ________ EQUITY AND LIABILITIES Equity Share capital 17.674 17.674 Treasury shares -3.425 -3.503 Legal and other reserves 2.936 3.001 Reserve for treasury shares 6.531 6.803 Reserve of currency conversion - - Retained earnings 43.881 45.833 ________ ________ Total equity 67.597 69.808 ________ ________ Non-current liabilities Borrowings 3 3 Lease liabilities 10.708 11.530 Other non-curent liabilities - - Employee benefits 1.703 1.700 ________ ________ Total non-current liabilities 12.414 13.233 ________ ________ Current liabilities Payables to related parties 11.863 13.144 Borrowings - 7.403 Trade and other payables 31.783 26.462 Income tax payable 591 3 Provisions 1.308 2.077 Accrued charges and deferred revenue 20.364 14.668 Contract liabilities 19.817 21.422 Lease liabilities 2.367 2.176 ________ ________ Total current liabilities 88.093 87.355 ________ ________ Total liabilities 100.507 100.588 ________ ________ TOTAL EQUITY AND LIABILITIES 168.104 170.396 ________ ________
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Ericsson Nikola Tesla d.d. Consolidated statement of cash flows for the period ended 30 September 2026 2026 2025 EUR ‘000 EUR ‘000 Cash flows from operating activities Profit before tax 18.082 16.517 _______ _______ Adjustments for: Depreciation and amortisation 3.937 3.913 Effects of lease derecognition - - Impairment losses and reversals -9 20 (Gain)/loss on sale of property, plant and equipment 9 -146 Net loss/(gain) on remeasurement of financial assets -46 -56 Amortisation of discount 0 0 Interest income -530 -801 Dividend income -10 -8 Interest expense 394 348 Foreign exchange (gain)/loss, net 4 120 Share-based payments 1.015 654 _______ _______ Changes in working capital In receivables 238 15.378 In inventories -3.992 -4.647 In provisions -766 1.279 In payables 7.890 -13.813 _______ _______ Cash generated from operations 26.216 18.758 _______ _______ Interest paid -309 -348 Income taxes paid -2.356 -4.698 _______ _______ Net cash from operating activities 23.551 13.712 _______ _______ Cash flows from investing activities Interest received 516 761 Dividends received 10 8 Proceeds from sale of property, plant and equipment 53 133 Purchases of property, plant and equipment, and intangible assets -886 -3.409 Deposits given to financial institutions, net 19 690 Receipt of government grant - - Net change of financial assets at fair value through profit and loss - -256 _______ _______ Net cash from/(used in) investing activities -288 -2.073 _______ _______ Cash flows from financing activities Proceeds from borrowings - - Repayment of borrowings -7.404 -4.617 Purchase of treasury shares -193 -1.090 Dividends paid -17.765 -14.125 Payment of lease liabilities -1.751 -1.727 _______ _______ Net cash used in financing activities -27.113 -21.559 _______ _______ Effects of exchange rate changes on cash and cash equivalents -6 -6 _______ _______ Net increase/(decrease) in cash and cash equivalents -3.856 -9.926 Cash and cash equivalents at the beginning of the year 47.193 58.733 _______ _______ Cash and cash equivalents at the end of the year 43.337 48.807 _______ _______
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Ericsson Nikola Tesla d.d. Consolidated statement of changes in equity for the period ended 30 September 2026 Share capital Treasury shares Legal and other reserves Reserve for treasury shares Translation reserve Retained earnings Total EUR ‘000 EUR ‘000 EUR ‘000 EUR ‘000 EUR ‘000 EUR ‘000 EUR ‘000 As at 1 January 2025 17.674 -1.140 2.020 7.413 - 42.045 68.012 Changes in equity for 2025 Total comprehensive income - - - - - 17.748 17.748 Dividend distribution for 2024 - - - - - -13.976 -13.976 Purchase of treasury shares - -2.973 - - - - -2.973 Shares granted - 610 - -610 - - - Transfer - - 981 0 - -981 - Share-based payments - - - - - 997 997 Total contributions by and distributions to owners of the parent recognized directly in equity 0 -2.363 981 -610 - -13.960 -15.952 As at 31 December 2025 17.674 -3.503 3.001 6.803 - 45.833 69.808 As at 1 January 2026 17.674 -3.503 3.001 6.803 - 45.833 69.808 Changes in equity for 2026 Total comprehensive income - - - - - 14.732 14.732 Dividend distribution for 2025 - 17.761 -17.761 Purchase of treasury shares - -193 - - - - -193 Shares granted - 271 -271 - - 0 Transfer - - -65 0 0 65 0 Share-based payments - - - - - 1.011 1.011 Total contributions by and distributions to owners of the parent recognized directly in equity - 78 -65 -271 - -16.685 -16.943 As at 30 September 2026 17.674 -3.425 2.936 6.532 - 43.880 67.597