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Claude Jean | Yves Lemoyne November 5, 2026 #InvestinTekna www.tekna.com/investors Q3 2026 The Ultimate Partner
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Cautionary Note Regarding Forward-Looking Statements This presentation includes forward-looking statements concerning Tekna Group's business, financial performance, and the industries and markets in which it operates. These statements, which are not historical facts, may be identified by terms such as "aims," "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "targets," or similar expressions. Such statements are based on current assumptions, expectations, and projections about future events and are subject to significant risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Forward-looking statements do not guarantee future performance, and no assurance is provided that any forecasts or projections will be realized. Readers are cautioned not to place undue reliance on these statements, as actual outcomes may vary significantly due to various factors. 2 Environmental Note This document is formatted for optimal on-screen viewing. To conserve paper, we encourage viewing it on a digital device rather than printing. If printing is necessary, please adjust settings to "fit to page," as the layout may not align with standard A4 paper size.
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Agenda 1 Introduction 2 Highlights and business areas review 3 Financial review, including impairment 4 Outlook and take-aways 3
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1 Introduction 4
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A global leader across two verticals [1] High-performance metallic powders for Additive Manufacturing in aerospace, defense, medical, space and industrials. Primary growth engine | CAD 32.0m revenue | 54% contribution margin MATERIALS Proprietary ICP technology and processes built on 30 years of experience Vertically integrated business areas Systems and Materials Leading positions and global reach in both businesses Capacity in place to scale to 2030 targets with low capex Advanced plasma systems delivering precision, reliability, and innovation for R&D, industrial applications and hypersonic test wind tunnels. Maturing position | CAD 11.9m revenue | 58% contribution margin | identified upsides potential to reach CAD 60m per year SYSTEMS [1]. TTM September 2026 figures 95 active patents protecting technology HQ and production in Quebec, Canada 138 employees with leading industry competence 5 INDUCTIVELY COUPLED PLASMA (ICP) ICP technology generates an extremely hot gas stream, providing a clean and controllable heat source Tekna uses for producing metallic powders. ABOUT TEKNA A world leading provider of advanced materials for Additive Manufacturing (AM)
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35 years of innovation and scaling of manufacturing capacity Developed world-leading position in inductively coupled plasma (ICP) material processing and manufacturing, with substantial capacity for growth. Focused on the most complex materials Titanium represents one of the most challenging materials to produce, handle, and transport, placing Tekna in the highest-value segment where barriers to entry are highest. Tight specifications and rigorous qualification processes Purity, sphericity, flowability and homogeneity that meets most demanding industry standards of aerospace (NADCAP), medical (ISO13485) and defense. Tekna sources approved raw materials on long-term contracts Tekna’s materials meet the most demanding industry standards Proprietary plasma torch heats up metals until they turn into liquidRAW MATERIAL LIQUID MATERIAL ADVANCED MATERIALS WORLDWIDE DISTRIBUTION On-time deliveries with consistent quality, secures continued customer production and loyalty ORIGINAL EQUIPMENT MANUFACTURERS (OEMs) Based on Additive Manufacturing Proprietary process at own facilities in Canada Proprietary technology supplying the essential raw material for the shift to 3D metal printing for demanding applications Strong market position built over 35 years of technology innovation Portfolio of Advanced Materials Ti64 Titanium - # 2 global position AI AluminumTungstenWTantalumTa Value creation Leading position in materials value chain and global # 2 provider of advanced titanium powders MATERIALS - ADDITIVE MANUFACTURING 6
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Shift from traditional manufacturing methods to 3D printing for specific reasons... ... accelerated by global megatrends and resource scarcity Design for Additive Manufacturing (DfAM) Nearly unlimited geometric freedom Part consolidation Substantial savings in weight and material Short turnaround time Flexible – mass customization Distributed production • Geopolitical developments and reshoring of manufacturing • Digitalization of supply chains • Resource efficiency and electrification • Drones and humanoids • Space exploration and increased defense spending Sources: Additive Manufacturing Report (AM Power, 2026) 7 0.9 1.3 2.80.6 1.2 2.5 0.5 1.1 2.9 2020 2025 2030 2.0 3.6 8.3 +12% +18% Part manufacturing Material Equipment +13% +16% USD billion CAGR Strategically positioned to capture accelerating demand for Additive Manufacturing (AM) MATERIALS - ADDITIVE MANUFACTURING
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2 Highlights and business areas review 8
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-14% Q4 24 -10% Q1 25 -22% Q2 25 6% Q3 25 9% Q4 25 2% Q1 26 13% Q2 26 22% Q3 26 Q3 2026 HIGHLIGHTS Record EBITDA driven by strong commercial performance 9 2.2 51% Q1 25 6.6 2.4 45% Q2 25 7.0 1.4 58% Q3 25 8.0 1.8 60% Q4 25 7.7 2.3 6.2 Q1 26 7.9 2.7 57% Q2 26 8.4 5.0 51% Q3 26 8.4 9.0 8.3 9.9 10.0 10.6 13.4 54% • Revenues increased 61% YoY to CAD 13.4m, driven by continued growth across both Materials and Systems • EBITDA reached a record CAD 1.9m (14% margin), compared to CAD 0.3m in Q3 2025, including CAD 1.0m of non-recurring operating items • Contribution margin of 50.7%, impacted by CAD 0.6m one-off inventory write-down; adjusted margin of 55.2% • Order intake doubled year-over-year to CAD 10.6m (CAD 5.3m), on back of increasing demand in Materials • Total backlog remained high at CAD 25.5m (CAD 18.2m), strengthening revenue visibility into 2027 • Free cash flow was CAD 5.6m (CAD -0.5m) supported by strong EBITDA and net working capital release Materials Systems Contribution margin Target range 15%-20% Revenue and contribution margin development CAD million, % Adjusted EBITDA development and target range % (Figures in parentheses refer to the same period the previous year)
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Strategic initiatives undertaken to further strengthen platform and drive efficiency across core business areas 10 • Despite technical progress, the Nano Nickel development program showed a longer path to commercialization than anticipated • Following a strategic review of the portfolio, Tekna concluded that the program no longer justified further time and effort • In the quarter, the company therefore decided to discontinue the program, leading to a CAD 3.8m impairment Discontinuing the Nano Nickel/MLCC program to focus on the business with the strongest potential Continued efforts to create a leaner and more focused organization Q3 2026 FINANCIAL REVIEW CAD 1M annual cost savings expected from 2026 restructuring and footprint reductions 1 2 • Inventory write-down of CAD 0.6m, reflecting actions taken to align inventory values with Tekna’s operational priorities • Restructuring costs of CAD 0.4m related to the simplification of legal structure in Asia, as part of streamlining the global footprint A sharper focus on high-potential business areas positions Tekna for growth in its core markets
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Q3 26 Q3 25 YoY Revenue 8.4 7.0 20.4% Contribution margin 50.0% 58.4% (8.2)pp Backlog 17.1 16.6 2.9% Order intake 9.3 5.2 80.4% • Materials revenue increased 20% YoY, driven by continued demand from Aerospace and Defense customers • Contribution margin stood at 50.0% in the quarter in line with the Company's long-term target of 50% • Growing demand for coarse powder in Asia and North America for non-regulated applications continues to diversify Tekna's customer base beyond traditional markets • Recent product launches, including recycled powder and coarse- cut powder offerings, continue to expand Tekna's addressable market and long-term growth opportunities • Post quarter end, Tekna announced 2 significant orders from medical implant customers, i.e., a material distributor and a contract manufacturer, totalling CAD 2.8m 11 Q3 25 Q4 25 Q1 26 Q2 26 5.2 16.6 9.1 17.4 7.4 17.3 7.4 16.6 Q3 26 9.3 17.1 Order intake Backlog MATERIALS - ADDITIVE MANUFACTURING Materials continues to grow driven by Aerospace & Defense Backlog and Order intakeKey Figures CAD million CAD million
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• Systems revenue increased to CAD 5.0m, reflecting solid execution • Contribution margin stood at 51.8%, including CAD 0.5m of the inventory write-down recognized as a non-recurring operating item • Continued cost discipline and operational efficiency supported profitable growth while maintaining capacity for future expansion • Order intake equaled CAD 1.3m • Commercial activity remained strong as Tekna continued to advance strategic opportunities, including PlasmaSonic applications 12 SYSTEMS Systems project execution drives record revenue, with strategic opportunities continuing to advance Backlog and Order intakeKey Figures CAD million CAD million Q3 26 Q3 25 YoY Revenue 5.0 1.4 267.8% Contribution margin 51.8% 53.2% -1.4pp Backlog 8.3 1.6 418.5% Order intake 1.3 0.2 695.1% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 8,3 0,2 1,6 3,1 3,1 1,8 2,8 11,7 11,9 1,3 +419% Order int Backlog
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3 Financial review 13
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Profitability program delivering, with continued cost discipline 1: includes annual salary, fringe and benefits, excludes bonus and restructuring costs 14 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q2 26 Q1 26 3.2 3.0 3.9 4.1 3.8 4.2 4.5 4.2 4.1 4.3 4.3 4.4 3.6 3.7 3.8 3.0 3.6 3.3 3.4 Q3 26 3.0 3.3 -32% • Indirect personnel costs remain 32% below peak levels, demonstrating the lasting impact of the efficiency program initiated in 2023 • Headcount reduced 32% since Q2 2024 from 203 to 138 FTEs • The cost base is now largely aligned with current activity levels, with only smaller adjustments undertaken during Q3 2026 • Maintaining indirect personnel costs near current levels is expected to drive operating leverage and support margin expansion as revenues continue to grow Efficiency program initiated in 2023 Sustained effects from improvement program Indirect personnel cost development (excl. restructuring costs) CAD million PROFITABILITY DEVELOPMENT
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[1]: FX presented part of Other Operating Expenses in the Consolidated Income Statement [2]: EBITDA of CAD +1.9m + CAD 1.0m of adjustments = Adjusted EBITDA of CAD 2.9m. Adjustments comprise restructuring (CAD 0.4m) and Inventory write-down (CAD 0.6m). Reported EBITDA 1.0 Adj. Adj EBITDA Q3-26 Adj EBITDA Q3-25 0.1 Materials effect 1.9 Systems effect -0.2 Other income -0.3 Indirect personnel expenses 0.0 Other operating expenses -0.1 FX[1] 0.5 1.9 2.9 +2.4 Systems execution drives EBITDA improvement PROFITABILITY DEVELOPMENT • Adjusted EBITDA improvement primarily driven by Systems project execution • Materials revenue grew 20%, with higher volumes partly offset by targeted off-size inventory provisions • Systems delivered a 63% adjusted contribution margin on robust project execution, while advancing new market opportunities, including PlasmaSonic applications • Adjustments related to restructuring and inventory write-down [2] Adjusted EBITDA CAD million 15
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FXCash Q2-26 1.9 Cash from P&L 3.8 Working capital -0.1 Net capex[1] 0.0 Interest, proceeds -0.9 18.0 22.5 Changes in loans -0.2 Lease liabilities -0.1 Interest paid 0.0 Cash Q3-26 CF from Investments CF from Financing CF from Operations Robust cash generation supported by profitability and working capital release [1]: Net capex = purchase of PPE and intangible assets, net of grants CASH FLOW DEVELOPMENT Cash position increased by CAD 4.5m in the quarter Operating cash flow of CAD 5.7m • Improved EBITDA supported by the Systems project execution • Working capital release mainly driven by project collections Disciplined capital allocation • Low Capex focused on maintenance and intellectual property • Full-year 2026 capex expected at CAD 1.0 – 1.5m Strong financial flexibility • Cash position of CAD 22.5m after CAD 0.8m in credit line repayments Cash flow CAD million 16
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16 4 4 24 22 Assets 51 4 20 13 Equity and Liabilities Property, plant and equipment Intangible assets Other receivables NWC assets Cash Equity Borrowings Lease liabilities Other liabilities NWC liabilities 70 70 Improved from CAD 9.9m at year-end on positive operating cash flow 17.0m Net cash [1] Strong cash conversion reinforces the balance sheet [1]: Net debt (cash) = Borrowings + lease liabilities - cash FINANCIAL HIGHLIGHTS Q3 2026 balance sheet CAD million 73% Equity ratio Well-capitalized to deliver on growth targets 11.0m Net working capital Net working capital was 25% of trailing revenues - reduced from 40% at year-end, on inventory and trade working capital release 27.9m Liquidity Cash of CAD 22.5m, 32% of total assets, plus CAD 5.4m of non-utilized credit facilities, fully funding the business plan 17
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4 Outlook and take-aways 18
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MATERIALS - ADDITIVE MANUFACTURING By capturing value from its entire production yield, Tekna is building a platform for long-term growth R&D increasing the share of high-value powder • Targeted improvements to the production process to reduce fine fractions and shift more output into the prime range • A lower share of fine powders improves production yield and protects contribution margins Strategic efforts to realize value potential and support strong contribution margins • Additive manufacturing technologies are evolving and increasingly adapting to coarser powder fractions • The development allows Tekna to sell more coarse powder into a market with commercial traction and attractive prices Capturing growing market as technology advances01 02 Coarse powder (>53 micron) Prime powder (20-53 micron) Demand growing at a fast pace Aerospace Medical Defense Residuals from production Fine powder (<20 micron) GROWING OPPORTUNITIES HIGH DEMAND LOW VALUE OPPORTUNITIES MIM: - Consumer goods - Defense & medical (low volumes) DED for aerospace EB-PBF for medical L-PBF for nonregulated COARSE POWDER: CREATING VALUE FINE POWDER: REDUCING THE SHARE [1] abbreviations of metal powder manufacturing methodologies in alphabetical order: DED: Direct Energy Deposition; EB: Electron Beam Melting; (L)PBF: (Laser) Powder Bed Fusion; MIM: Metal Injection Moulding 19
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On track for double-digit revenue growth to 2030 The observed Materials order intake and increasing customer order size, coupled with current market trends, support Tekna’s long-term ambitions of growing the top-line double-digit per year towards 2030 Reshoring and localized manufacturing trends bolster growth in additive manufacturing and long-term demand for Tekna’s products. Tekna powders and systems are not affected by the US tariffs. Trends of increased defense spending offer positive opportunities for both Materials and Systems Innovation pipeline expanding addressable market Systems Materials 2030 target within current businesses Revenue (CAD million) and EBITDA (%) 28 8 2025 2030 Target 36 CAGR Double-Digit Materials Systems Contribution margin development and targets [1]: Systems contribution margin in 2025 adjusted for one-off related to tariffs ( . [2]: 400k to US customer in Q1 2025) 54% including the tariff Q3 2026 margins absorb one-off inventory write-down of CAD 540k in Systems and CAD 64k in Materials, related to the portfolio simplification. OUTLOOK 15% - 20% EBITDA 20 >50% >60%
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Targeting double-digit growth and EBITDA margins of 15% - 20% towards 2030 in existing businesses, with Metal AM market expected to grow at ~18% pa.[2] World-leading provider of advanced Materials and Systems ; EBITDA positive and positive cash flow Positioned to capture accelerating demand for Materials in Additive Manufacturing (AM) with contribution margins exceeding 50% Additional identified revenue potential adds large upside in adjacent applications Robust balance sheet, and a fully funded business plan Attractive unit economics in Systems sales; maturing a large potential in new industries % + Delivering profitability, with capacity to scale in growing market Best EBITDA quarter to date Materials margin >50%, Systems margin >60%, indirect costs structurally lower System sales pipeline is advancing with further orders anticipated in next quarters Capacity to scale revenue without significant capex – capex contained at maintenance levels of CAD 1.0 – 1.5m in 2026 [2]. Source: Additive Manufacturing Report (AM Power, 2026) 21 Q3 2026 TAKE AWAYS
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ppendix © Tekna Holding ASA | All rights reserved 22
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Quarterly (in CADm) Order intake Revenue Adjusted EBITDA KEY METRICS 2.2 Q3 24 7.5 2.2 Q4 24 6.2 2.2 Q1 25 6.6 2.4 Q2 25 7.0 1.4 Q3 25 8.0 1.8 Q4 25 7.7 2.3 5.5 7.9 2.7 Q2 26 8.4 5.0 Q3 26 5.8 2.9 Q1 24 7.8 3.4 Q2 24 8.7 11.2 7.6 9.6 8.4 Q1 26 8.3 9.9 10.0 10.6 13.4 9.0 +20% +61% Systems Materials Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -2.6 -1.5 -1.4 -1.4 -0.8 -2.0 0.5 0.9 0.2 1.4 2.9 +2.4 Adj EBITDA -22%2% 13% 21% % 1.9 Q4 24 12.6 0.2 Q1 25 7.0 2.1 Q2 25 5.2 0.2 Q3 25 9.1 3.1 Q4 25 7.4 1.8 Q1 26 7.4 11.7 Q2 26 9.3 1.3 Q3 26 7.0 0.4 Q1 24 5.9 0.5 Q2 24 7.4 2.9 5.8 9.6 12.8 9.1 5.3 12.2 6.4 19.0 10.6 2.9 Q3 24 7.7 9.2 +80% +100% Systems Materials 23
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Trailing 12 Months (TTM; in CADm) Order intake Revenue KEY METRICS 13.3 Q3 24 26.5 10.7 Q4 24 26.9 9.9 Q1 25 25.7 8.9 Q2 25 27.2 8.1 Q3 25 27.8 7.8 Q4 25 29.3 7.9 25.6 30.6 8.2 Q2 26 32.0 11.9 Q3 26 25.1 15.1 Q1 24 25.4 15.0 Q2 24 40.1 40.3 38.9 37.236.9 Q1 26 35.435.6 37.2 38.8 43.9 34.7 +17% +24% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -5.5 -6.4 -6.1 -6.9 -5.1 -5.6 -3.7 -1.4 -0.4 2.9 5.4 +9.1 -1% 8%12% 7.6 Q3 24 23.5 5.7 Q4 24 29.1 5.5 Q1 25 30.2 7.0 Q2 25 32.5 4.3 Q3 25 33.9 5.5 Q4 25 28.7 7.1 23.2 29.0 16.8 Q2 26 33.1 17.9 Q3 26 27.0 8.7 Q1 24 27.8 7.6 Q2 24 35.6 35.5 30.8 29.1 34.6 Q1 26 36.8 39.4 35.8 45.8 51.1 37.3 +2% +39% Adjusted EBITDA Systems MaterialsSystems Materials Adj EBITDA % 24
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Operating cash flow Free cash flowCapex KEY METRICS Quarterly (in CADm) 25.7 25.1 25.4 20.7 9.0 22.8 23.8 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -4.4 0.1 -0.6 4.9 -4.4 0.5 -0.3 -1.2 3.4 -1.2 5.7 +6.0 Cash flow from operating activities Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -0.9 -1.0 -0.8 -0.2 -0.5 -0.3 -0.3 -0.4 -0.2 -0.2 -0.1 +0.2 Capex Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -5.3 -0.9 -1.4 4.7 -4.9 0.1 -0.5 -1.6 3.2 -1.4 5.6 +6.2 Free cash flow 25Free cash flow = Cash flow from operating activities minus capital expenditures (capex)
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Free cash flow = Cash flow from operating activities minus capital expenditures (capex) Operating cash flow Capex Free cash flow KEY METRICS Trailing 12 Months (TTM; in CADm) 25.7 25.1 25.4 20.7 9.0 22.8 23.8 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -14.0 -7.2 -5.7 -0.1 0.0 0.4 0.8 -5.3 2.5 0.8 6.7 +6.0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -6.8 -5.5 -5.1 -2.9 -2.5 -1.8 -1.3 -1.5 -1.1 -1.0 -0.8 +0.5 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 -20.8 -12.7 -10.8 -3.0 -2.5 -1.4 -0.5 -6.7 1.3 -0.2 5.9 +6.4 Cash flow from operating activities (TTM) Capex (TTM) Free cash flow (TTM) 26
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Consolidated Statement of Comprehensive Income FINANCIAL STATEMENTS CAD thousands Notes Q3 2026 Q3 2025 YTD 2026 YTD 2025 Revenues 3 13 440 8 346 34 042 25 725 Other Income 102 293 371 623 Materials and consumables used 6 630 3 542 15 755 12 633 Employee benefit expenses 3 357 3 218 10 369 11 676 Other operating expenses 1 675 1 593 5 578 5 748 EBITDA 1 881 286 2 710 -3 709 Depreciation and amortization 1 108 1 236 3 325 3 607 Impairment loss on intangibles assets 4 1 717 - 1 717 - Impairment loss on PP&E 4 2 116 - 2 116 - Net operating income / (loss) -3 060 -950 -4 448 -7 315 Finance income 175 190 409 934 Finance cost 282 563 614 1 869 Profit / (loss) before income tax -3 167 -1 323 -4 653 -8 250 Income tax expense 34 -470 35 278 Profit / (loss) for the period -3 200 -853 -4 689 -8 528 Attributable to equity holders of the company -3 200 -853 -4 689 -8 528 Attributable to non-controlling interests - - - - Basic earnings per share -0.01 -0.01 -0.02 -0.07 Diluted earnings per share -0.01 -0.01 -0.02 -0.07 Other comprehensive income Items that may be reclassified to statement of income Exchange differences on translation of foreign operations -30 -70 -147 -180 Other comprehensive income/(loss) for the period, net of tax -30 -70 -147 -180 Total comprehensive income/(loss) for the period -3 230 -923 -4 836 -8 708 Attributable to equity holders of the company -3 230 -923 -4 836 -8 708 Attributable to non-controlling interests - - - - 27
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CAD thousands Notes 30.09.2026 31.12.2025 30.09.2025 Non-current assets Property, plant and equipment 16 377 22 099 22 658 Intangible assets 3 531 6 018 6 365 Non-current receivables 3 807 4 107 4 112 Total non-current assets 23 715 32 225 33 134 Current assets Inventories 14 310 14 394 15 696 Contract assets 2 665 506 1 716 Trade and other receivables 6 999 7 964 7 045 Cash and cash equivalents 22 479 17 424 7 217 Total current assets 46 452 40 288 31 674 Total assets 70 167 72 513 64 808 CAD thousands Notes 30.09.2026 31.12.2025 30.09.2025 Equity Share capital and share premium 522 546 522 546 497 260 Other reserves -471 295 -466 642 -479 352 Capital and reserves attributable to holders of the company 51 252 55 904 17 909 Total equity 51 252 55 904 17 909 Non-current liabilities Borrowings 3 638 3 755 9 311 Lease liabilities 1 042 1 251 1 386 Deferred tax liabilities 395 395 1 049 Total non-current liabilities 5 075 5 401 11 746 Current liabilities Bank loan - 1 496 1 015 Lease liabilities 465 660 656 Trade and other payables 4 088 2 742 3 328 Provision for warranties 182 182 182 Contract liabilities 3 406 955 1 740 Other current liabilities 5 336 4 792 4 715 Borrowings short-term portion 363 380 23 519 Total current liabilities 13 841 11 208 35 154 Total liabilities and equity 70 167 72 513 64 808 Consolidated Balance Sheet FINANCIAL STATEMENTS 28
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YTD 2025 CAD thousands Notes Share capital and share premium Other reserves Total Non- controlling interests Total equity Balance at 1 January 2025 497 260 -470 723 26 537 - 26 537 Profit/(loss) for the period - -8 561 -8 561 - -8 561 Other comprehensive income/(loss) - -180 -180 - -180 Share-Based Compensation - 112 112 - 112 Balance at 30 September 2025 497 260 -479 352 17 909 - 17 909 YTD 2026 CAD thousands Notes Share capital and share premium Other reserves Total Non- controlling interests Total equity Balance at 1 January 2026 522 546 -466 642 55 904 - 55 904 Profit/(loss) for the period - -4 689 -4 689 - -4 689 Other comprehensive income/(loss) - -147 -147 - -147 Share-Based Compensation - 183 183 - 183 Balance at 30 September 2026 522 546 -471 295 51 252 - 51 252 Consolidated of Changes in Equity FINANCIAL STATEMENTS 29 FY 2025 CAD thousands Notes Share capital and share premium Other reserves Total Non- controlling interests Total equity Balance at 1 January 2025 497 260 -470 723 26 537 - 26 537 Profit/(loss) for the period - -11 048 -11 048 - -11 048 Other comprehensive income/(loss) - -139 -139 - -139 Reduction of share capital -15 102 15 102 - - - Issuance of shares 40 388 - 40 388 - 40 388 Share-Based Compensation - 167 167 - 167 Balance at 31 December 2025 522 546 -466 642 55 904 - 55 904
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CAD thousands Notes Q3 2026 Q3 2025 YTD 2026 YTD 2025 Cash flow from operating activities Net profit/(loss) -3 200 -853 -4 689 -8 528 Depreciation, amortization and impairment 1 108 1 236 3 325 3 607 Impairment loss on intangibles assets 1 717 - 1 717 - Impairment loss on PP&E 2 116 - 2 116 - Variation in deferred taxes - -600 - -600 Accretion of discounted loan 117 112 345 330 Loan discount recognition -35 -117 -126 -228 Share-based compensation 44 39 183 112 (Gain)/Loss from sales of assets - 7 -1 -12 Capitalized interests on loan - 408 - 1 231 Investing interest received -44 -31 -121 -115 Financing interest paid 93 17 153 85 Total after adjustments to profit before income tax 1 916 218 2 902 -4 120 Change in inventories 398 -637 1 528 1 565 Change in other assets -934 -545 -894 -865 Change in other liabilities 4 339 756 4 341 -688 Total after adjustments to net assets 5 719 -208 7 877 -4 108 Net cash from operating activities 5 719 -208 7 877 -4 108 Cash flow from investing activities Proceeds from the sales of PPE - - 28 44 Purchase of PPE and intangible assets, net of grants -98 -276 -489 -1 082 Interest received 44 31 121 115 Net cash flow from investing activities -54 -245 -341 -923 Cash flow from financing activities Increase (decrease) of bank loan -838 1 015 -1 496 1 015 New loans 114 253 400 580 Repayment of loans -208 -273 -624 -832 Repayment of lease liabilities -153 -141 -459 -452 Interest paid -93 -17 -153 -85 Net cash flow from financing activities -1 177 836 -2 333 225 Change in cash and cash equivalents 4 488 382 5 203 -4 805 Cash and cash equivalents at the beginning of the period 18 013 6 935 17 424 12 352 Effects of exchange rate changes on cash and cash equivalents -22 -101 -148 -330 Cash and cash equivalents at end of the period 22 479 7 216 22 479 7 216 Consolidated Statement of Cash Flows FINANCIAL STATEMENTS 30
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Advancing the world with sustainable material solutions, one particle at a time… 31 ir.tekna.com #InvestinTekna