Interim report
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INTERIM REPORT JANUARY - JUNE 2026 We help our customers with their green transition by replacing hidden plastics and harmful chemicals with biobased solutions . Organo Tex Wash - In TEXTILE WATERPROOFING eco MADE IN SWEDEN Organo Tex Spray - On TEXTILE WATERPROOFING eco MADE IN SWEDEN xx OrganoClick
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INTERIM REPORT JANUARY – JUNE 2026 APRIL TO JUNE • Net sales SEK 22,081 (29,962) thousand. • Revenue growth -26.3 (-22.7) percent. • EBIT SEK -2,097 (-4,712) thousand. • Cash flow from operating activites SEK 1,791 (7,718) thousand. • Earnings per share before and after dilution SEK -0.04 ( -0.06). EVENTS DURING THE QUARTER • OrganoClick´s brand BIOkleen signs reseller agreement with Beijer Byggmaterial. • OrganoTex Odor Remover awarded Scandinavian Outdoor Award in the Sustainability category. • Five-year result from the third-party field study in Denmark and Malaysia showed excellent protection against rot and termites for OrganoWood Nowa. JANUARY TO JUNE • Net sales SEK 49,448 (65,359) thousand. • Revenue growth -24.3 (-15.0) percent. • EBIT SEK -1,776 (-6,813) thousand. • Cash flow from operating activites SEK 1,476 (-2,782) thousand. • Earnings per share before and after dilution SEK -0.05 (-0.1). EVENTS AFTER THE QUARTER • OrganoClick announces outcome of the rights issue, that was subscribed to 83% and the Company will raise approximately 33 MSEK before issue costs. • OrganoClicks subsidiary OrganoWood carries out an organizational change as an adaption to a new business model, which generates cost reductions of about 8MSEK from year end. Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 LTM 30 Jun 2026 Jan-Dec 2025 Net sales 22 081 29 962 49 448 65 359 117 645 106 190 Revenue growth, % −26,3 −22,7 −24,3 −15,0 −5,5 −16,5 Gross margin, % 28,6 21,6 29,6 23,6 19,1 14,0 EBIT −2 097 −4 712 −1 776 −6 813 −26 211 −31 567 Cash flow from operating activities 1 791 7 718 1 476 −2 782 −4 467 −8 290 On the front: The chemical formula depicted is inspired by nature’s chemistry. It underpins many of our innovations, including the development of the world’s first fully plastic-free premium napkin. Foto: Hans-Erik Nygren. © OrganoClick. 2
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A WORD FROM THE CEO Improved operating profit and strengthened financial position In the second quarter, we continued to improve our operating profit. Significantly better margins and lower costs compensated for lower sales. The savings program launched in Q4 has now reached full effect, and the gross margin has been strengthened by a changed product mix with an increased share of sales of consumer products. In Wood Protection, we continue the transition towards a license-based business model, which creates better conditions for scalability and strengthens our position as a pure green chemical company. At the end of the quarter, we also carried out a new share issue that provided the company with approximately SEK 33 million, which reduces our debt and strengthens our financial position. FINANCIAL PERFORMANCE SECOND QUARTER During the second quarter, the Group had a sales loss of - 26% (-23%) to SEK 22.1 (30.0) million. The decline was mainly due to our construction-related products in the Wood Protection business unit, which is affected by continued weak demand in Sweden. In the Consumer Applications business unit, the decrease is mainly explained by the discontinuation of an unprofitable customer. At the same time, sales of our binders increased in the Nonwoven Technologies business unit. Our lower production costs together with a changed product mix strengthened the gross margin to 29% (22%) despite lower capacity utilization. At the end of the second quarter, the previously communicated savings program had reached full effect. Overall, operating profit strengthened to SEK -2.1 (-4.7) million despite lower sales, and our cash flow from operating activities strengthened during the first half of the year to SEK 1.5 (-2.8) million. At the end of the quarter, a new share issue of SEK 33 million was carried out, where the proceeds were primarily used to reduce debt. This is expected to reduce our interest expenses by approximately SEK 2-3 million by 2027. Together with an expanded savings program that was initiated in the second quarter, the Group's costs will be reduced by approximately SEK 5-6 million by 2027 from the current level. CONSUMER APPLICATIONS For the Consumer Applications business unit, sales decreased by -27% (-9%) to SEK 9.6 (13.3) million. The drop came mainly from the previously announced discontinuation of a private label customer. Our car care business (private label customer) was also weak during the quarter. The OrganoTex brand, on the other hand, continued to perform well with sales growth of 29%. Our newly launched biobased product OrganoTex ShoeCare Odor remover has been well received by customers and contributed to growth. We are proud that the product won the Scandinavian Outdoor Award, where the jury specifically stated the product's effectiveness combined with its good environmental profile as a motive. New customer sales for the BIOkleen brand also developed well with Beijer Byggmaterial as a new dealer in Sweden. NONWOVEN TECHNOLOGIES Sales for the Nonwoven Technologies business unit increased by 11% (-25%) to SEK 6.7 (6.0) million. At the beginning of the quarter, we announced that we will lose a major industrial customer that accounts for about 25% of the Group's sales, which will reduce the business unit's revenues from July. At the same time, customer projects in new applications continue to develop positively, with a focus on areas such as food absorbents, washcloths and tea bags. WOOD PROTECTION For the Wood protection business unit, sales decreased by - 45% (-46%) to SEK 5.8 (10.7) million. We are now actively working to find a license partner, in the form of a wood processing company, for the production and sale of our modified timber. With the new business model, we will deliver wood protection chemistry and our technology platform to wood treatment companies, which then process the wood and are responsible for sales to the construction industry. This will create a uniform business model for the Group and a clearer position as a pure green chemical company. An important milestone in enabling such a license deal was achieved during the quarter when we received excellent results from our five-year field study (CEN/TS 12037) conducted by the Danish Technological Institute in Malaysia and Denmark. Timber modified with our wood protection technology showed no degradation of rot at any of the sites (level 0 on a scale of 0-4) while the untreated wood reference is completely degraded (level 4) after only three years in Malaysia. At the beginning of the third quarter, in order to reduce costs for the business unit and to prepare for the new licensing model, we initiated the dismantling of a large part of the organization in our part-owned company OrganoWood AB. The change is expected to result in an annual cost reduction of approximately SEK 8 million for the Group and reach full effect by the end of the year. OrganoWood AB will thereafter have a cost base of approximately SEK 3 million consisting of a technical support function and non-cash depreciation of intangible assets. Sales will be greatly reduced, as we will only sell wood preservatives in the future, but at the same time both profitability and future scalability will improve. OUTLOOK 3
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Ahead of the autumn, we are entering an important phase where we continue to implement our strategic transition and strengthen the conditions for long-term profitable growth. We are actively working to compensate for the loss of revenue from the larger industrial customer, while at the same time drive the transition within Wood Protection towards a more scalable license-based business model. In Nonwoven Technologies, we continue to develop new customer projects, and for our consumer brands we continue to see good opportunities for growth. When these changes are implemented, we will be a pure green chemical company, in line with our strategic direction for several years. From the current level, we will also have reduced the Group's cost base by approximately SEK 13-14 million and have a more well-diversified customer base. Together with the completed new share issue, this gives us a significantly stronger financial position and better conditions to continue driving sales of our biobased products forward. I would like to thank our shareholders for their trust and our dedicated team for the continued work to develop the company. 4
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Business Overview Unimaginable 11 million tonnes of plastic and hundreds of thousands tonnes of toxic chemicals are released into the world’s oceans and nature every year. That is one of the greatest environmental challenges of our time and a problem that we at OrganoClick want to play a role in solving. With our green chemical innovations, we are replacing hidden plastics and fossil chemicals in cellulose-based materials with biobased and biodegradable alternatives. We call it Made Green Inside by OrganoClick. OrganoClick AB (publ) is a Swedish greentech company that develops and markets green chemical products and material technologies. The company was founded in 2006 as a spin-off from Stockholm University and the Swedish University of Agricultural Science, based on biomimetic research into natural chemical processes. OrganoClick has won a number of awards, including the WWF ”Climate Solver” award, and has been ranked among the 50 fastest-growing technology companies in Sweden and recognized by Affärsvärlden and NyTeknik in their listing of Sweden’s top 33 hottest technology companies. OrganoClick is listed on NASDAQ First North Growth Market and has its head office, production and R&D centre in Täby, north of Stockholm. In 2025, net sales amounted to MSEK 106 with about 30 employees. NOBEL PRIZE WINNING CHEMISTRY OrganoClick’s core technology was developed with inspiration from nature’s own chemistry. By attaching organic molecules to the surface of cellulose fibers in materials such as wood, textile, paper or nonwoven, new features such as flame retardance, rot protection, water resistance and changed mechanical properties can be achieved. Our name is composed of the words “Organo” for organocatalysis and “Click” for click-chemistry. The discovery of organocatalysis was awarded the Nobel Prize in Chemistry 2021, and the discovery of click- chemistry was awarded the Nobel Prize in Chemistry 2022. We are very proud that OrganoClick in 2006 was one of the first companies in the world to begin developing products based on these groundbreaking green chemical technologies. THE FUTURE LOOKS GREEN. IT HAS TO! The Group has made steady progress since the first product was launched in 2012. Over the past five years, the Group’s net sales have grown from MSEK 96 in 2020 to MSEK 106 in 2025. In the last years, the Group has expanded its factory in Täby to a doubled production capacity of more than 20,000 tonnes per year and the group has a license to manufacture 30,000 m3 of its chemical products per year. Our goal is to continue to grow organically at a rapid pace and continue to improve our cash flow—and in the process, build a sustainable business while we simultaneously replace thousands of tonnes of plastic and fossil chemicals with biobased solutions. 5
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Net sales by quarter, MSEK Operating profit/loss, EBIT, by quater, MSEK Historically, the Group has been characterized by seasonal variations with higher sales in Q2, followed by Q1, while Q3 and Q4 have been weaker. Historically, the operating result has been negative and followed seasonal variations. Improvements in results have been made in recent years, but the lower sales volume and restructuring costs have affected profitability in 2025. For 2026, the restructuring has taken effect, but Q2 has a negative EBIT due to lower sales volumes. Net sales/business unit The group's net sales are divided into three business units.The business units Consumer applications and Wood protection are characterized by seasonal variations, with Q2 normally being the strongest quarter, followed by Q1. Q3 2025 Q4 2025 Q1 2026 Q2 2026 Nonwoven technologies Consumer applications Wood protection Net sales 22,1 MSEK Sales growth -26.3 % EBIT -2,1 MSEK 6
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Comments on financial developments THE GROUP RESULTS APRIL-JUNE Revenue for the first quarter amounted to 22,081 (29,962) KSEK, which was a sales decrease of -26.3 (-22.7) percent. Sales in the Nonwoven Technologies business unit grew by 11.0 (-25.2) percent compared to the previous year and revenues amounted to SEK 6,713 (6,046) thousand, which was due to the accrual of purchases from a large customer. Sales in the Consumer applications business unit decreased by -27.5 (-9.1) percent and amounted to SEK 9,615 (13,261) thousand, where the decrease is largely due to the business area's termination of a private label collaboration. Sales in the Wood protection business unit decreased by -46.0 (-33.7) percent and revenues amounted to SEK 5,753 (10,656) thousand. The gross margin improved to 28.6 (21.6) percent due to the product mix and reduced production costs, resulting in a gross profit of 6,307 (6,462) KSEK. The major restructuring that has been carried out has reduced the cost base for other operating expenses by SEK 2,770 thousand, which resulted in a significantly improved operating profit compared to the previous year, SEK -2,097 (-4,712) thousand. Loss for the period amounted to SEK -4,097 (-6,413) thousand. When the Group reports a negative result, the effective tax is zero. Loss carry-forwards increase and the Group does not capitalise deferred tax on loss carry-forwards. The income statement recognizes deferred tax on temporary differences in internal gains in inventories and intangible assets and in respect of leases. CASH FLOW AND INVESTMENTS APRIL-JUNE Cash flow from operating activities amounted to KSEK 1,791 (7,718) with negative cash flow from profit, KSEK -740 (-2,325) but positive cash flow from working capital, KSEK 2,531 (10,043). Within working capital, cash was released from inventory of SEK 3,860 (6,668) thousand, trade receivables SEK 2,719 (8,689) thousand and other current receivables SEK 1,771 (-710) thousand, but were tied up in accounts payable SEK -5,272 (-4,599) thousand and other current liabilities SEK -547 (-6) thousand. Investments of SEK 1,816 (2,391) thousand were made in intangible assets in the form of development projects and patents, and investments of SEK 210 (100) thousand were made in property, plant and equipment for production. During financing activities, the Group's use of overdraft facilities increased by SEK 3,570 (4,052) thousand and the use of invoice financing facilities decreased by SEK -2,638 (-5,970) thousand as a result of reduced trade receivables. Last year, a warrant program was introduced, which resulted in a contribution of SEK 530 thousand. Amortization amounted to -3,269 (-1,901), of which -2,183 KSEK pertained to loans and -1,085 KSEK to leases. Total cash flow for the Group amounted to SEK -2,451 (1,939) thousand. RESULTS JANUARY-JUNE Accumulated income decreased by -24.3 (-15.0) percent and amounted to 49,448 (65,359) KSEK. Sales in the Nonwoven Technologies business unit decreased by -13.9 (-19.9) percent compared to the previous year and revenues amounted to SEK 14,107 (16,375) thousand. Sales in the Consumer applications business unit decreased by -18.7 (0.1) percent compared to the previous year and amounted to SEK 23,306 (28,675) thousand, which is largely due to the business area's termination of a private label collaboration. Sales in the Wood protection business unit decreased by -40.8 (-27.0) percent to 12,033 (20,308) KSEK. Gross profit was lower than last year and amounted to 14,647 (15,399) KSEK, where the gross margin improved to 29.6 (23.6) percent, driven by the product mix. The major restructuring that has been carried out has reduced the cost base by SEK 5,788 thousand, which resulted in a significant improvement in operating profit compared to the previous year, SEK -1,776 (-6,813) thousand. Financial expenses were slightly higher than last year and the loss for the period amounted to SEK -5,740 (-9,967) thousand. When the Group reports a negative result, the effective tax is zero. Loss carry-forwards increase and the Group does not capitalise deferred tax on loss carry-forwards. The income statement recognizes deferred tax on temporary differences in internal gains in inventories and intangible assets and in respect of leases. CASH FLOW AND INVESTMENTS JANUARY – JUNE Accumulated cash flow from operating activities amounted to KSEK 1,476 ( -2,782) with positive cash flow from profit, KSEK 2,107 ( - 1,525) and negative cash flow from working capital, KSEK -631 ( - 1,257). Cash was released from inventory of SEK 1,833 ( -42) an d accounts payable SEK 5,340 (9,805) but were tied up in accounts receivable SEK -5,930 (-7,673) thousand and other current liabilities SEK -1,811 (396) thousand. In intangible assets, SEK 4,149 (4,421) thousand was invested in development projects and patents, and in property, plant and equipment, SEK 1,369 (2,175) thousand was invested in production equipment. During the financing activities, proceeds of SEK 530 thousand were received in the previous year after the introduction of a warrant program. The Group's use of overdraft facilities increased by SEK 4,575 (4,409) thousand and the use of invoice loan facilities also increased by SEK 2,474 (7,162) thousand. A loan of SEK 2,220 thousand was raised last year for the purchase of production equipment and loans and leases of SEK -5,205 ( -3,141) thousand were repaid. Total cash flow for the Group amounted to SEK -2,197 (1,803) thousand. FINANCIAL POSITION Cash and cash equivalents in the Group at the end of the period amounted to SEK 480 (2,340) thousand with a cash liquidity of 21.2 (29.7) percent. The net debt/equity ratio was 615.8 (353.5) percent. At the end of the period, overdraft facilities of SEK 28,508 (28,735) thousand were utilised from total facilities of SEK 30,000 (30,000) thousand. THE PARENT COMPANY RESULTS APRIL-JUNE Revenue for the first quarter amounted to SEK 15,350 (16,913) thousand, with the main reason for the decline in sales coming from lower purchases from a large customer and the discontinuation of a private label customer. The gross margin improved compared to the previous year, where production costs were SEK 763 thousand lower and gross profit was SEK 2,581 (1,006) thousand. The restructuring that has been carried out has resulted in a reduction in other operating expenses of SEK 1,822 thousand, which resulted in an operating profit of SEK -2,664 (- 7
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6,061) thousand despite the lower income. Loss for the period amounted to SEK –3,732 (-6,811) thousand. RESULTS JANUARY – JUNE Accumulated revenues amounted to SEK 33,944 (42,930) thousand, with the main reason for the decline in sales coming from lower purchases from a large customer and the discontinuation of a private label customer. Internal sales have also been lower due to the lower sales in the Functional Wood business area for the Group. The gross margin improved compared to last year and gross profit ended at 5,333 (5,385) KSEK. The cost base was SEK 3,577 thousand lower than last year and operating profit was SEK -4,575 (-8,101) thousand. Profit/loss for the period amounted to SEK - 6,592 thousand (-9,721), where financial costs increased slightly with increased borrowing. FINANCIAL POSITION AND INVESTMENTS Cash and cash equivalents in the parent company at the end of the period amounted to SEK 458 (2,250) thousand and equity to SEK 33,257 (37,808) thousand. During the period, the Parent Company invested SEK 3,356 (3,267) thousand in intangible fixed assets in the form of development projects and patents and SEK 1,369 (2,175) thousand in property, plant and equipment. 8
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Other information SIGNIFICANT EVENTS DURING THE PERIOD OrganoClick announced that one of the Group's major customers will terminate its purchases as of July 1, 2026. This means a sales loss of approximately 25% on an annual basis for the Group. OrganoClick carries out a rights issue to reduce the Company´s debts burden as well as enabling strategic future investments. SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD OrganoClick announces outcome of the rights issue, that was subscribed to 83% and the Company will raise approximately 33 MSEK before issue costs. OrganoClicks subsidiary OrganoWood carries out an organizational change as an adaption to a new business model, which generates cost reductions of about 8MSEK from year end. RISKS AND UNCERTAINTIES The Group’s significant risks are primarily attributable to the market development for the Group’s various product areas, financial risks as the Group may need additional capital injection to conduct its operations in its current form, production risks related to its own production and partners’ production capacity and risks with intangible assets and product development. For a more detailed description of significant risks and uncertainties, refer to OrganoClick’s Annual report for 2025, pages 25-28. PERSONNEL At the end of the period, the number of employees in the Group was 33 (40). Of these, 26 (30) were employed in the parent company, 5 (8) employed in the subsidiary OrganoWood AB and 2 (2) employed in the subsidiary Biokleen Miljökemi AB. Of the employees, 11 (14) were women and 22 (26) men. SHARE INFORMATION OrganoClick AB’s share capital at the beginning of 2026 amounted to SEK 1,100,030 distributed on 110,003,016 shares. The quota value of all shares is 0.01 and they are equally entitled to share the company’s assets and earnings. OrganoClick AB’s share has been listed on Nasdaq First North Growth Market since 2015. The number of shareholders on June 30 was 2,760 (3,169) and the closing price of the share on June 30 was 0.43 (1.87), giving a market capitalization of SEK 48 (183) million. Other information THE LARGEST SHAREHOLDERS AS AT 30 JUNE1. Name No. of shares Share of votes capital % Cidro Förvaltning AB 24 599 752 22,36 Patrik Björn 17 273 002 15,70 Mårten Hellberg med bolag 8 898 758 8,09 Beijer Ventures AB 8 190 109 7,45 Anders Wall Stiftelser 6 174 722 5,61 UBS Switzerland AG, W8IMY 3 842 513 3,49 Aktia Nordic Micro Cap 3 464 705 3,15 Avanza Pension 3 070 794 2,79 Jonas Hafrén 2 283 336 2,08 SEB AB, Luxembourg Branch 1 717 140 1,56 Subtotal 79 514 831 72,28 Other shareholders 30 488 185 27,72 Total shares 110 003 016 100,00 1Based on a full list of owners including direct registered and nominee shareholders WARRANT PROGRAM At the annual general meeting on May 20, 2025, a decision was made to introduce an incentive program for senior executives through a directed issue of subscription warrants. Subscription of shares by exercise of warrants shall be made in accordance with the terms and conditions for the warrants from 1 January 2029 up to and including 31 December 2029. The exercise price is SEK 4.10 per share. Each warrant entitles the holder to subscribe for one new share in the Company. FINANCIAL CALENDAR 2026 2026-11-05 Interim report: January-September 2027-02-11 Year-end report 2026 CERTIFIED ADVISER OrganoClick's Certified Adviser on Nasdaq First North Growth Market is Mangold Fondkommission AB. Contact; Phone: 08-503 01 550, E-mail: ca@mangold.se. This interim report is a translation from the Swedish original. 9
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Financial information CONSOLIDATED INCOME STATEMENT SEK 000s Note Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Net sales 1,2 22 081 29 962 49 448 65 359 106 190 Cost of goods sold −15 774 −23 500 −34 801 −49 961 −91 329 Gross profit 6 307 6 462 14 647 15 399 14 861 Selling expenses −3 796 −6 177 −7 349 −11 897 −25 035 Administrative expenses −2 745 −3 286 −5 582 −6 996 −15 001 Research and development costs −1 896 −1 490 −3 724 −3 010 −6 334 Other operating income 3 215 219 468 459 1 006 Other operating expenses 3 −182 −440 −236 −767 −1 065 Operating profit/loss −2 097 −4 712 −1 776 −6 813 −31 567 Financial income 3 5 4 31 32 Financial expenses −1 902 −1 570 −3 632 −3 212 −6 759 Net financial items −1 898 −1 565 −3 628 −3 181 −6 727 Profit/loss before tax −3 995 −6 277 −5 404 −9 993 −38 294 Income tax −102 −135 −336 27 293 Profit/loss for the period −4 097 −6 413 −5 740 −9 967 −38 002 Profit/loss for the period attributable to: Shareholders´ of Parent Company −4 034 −6 366 −5 698 −9 880 −36 371 Non-controlling interests −63 −47 −43 −87 −1 630 Earnings per share before and after dilution SEK1 −0,04 −0,06 −0,05 −0,10 −0,36 Average number of shares before and after dilution1 110 003 016 98 117 967 110 003 016 98 117 967 101 886 916 1) There is no dilution effect for the period when the subscription price is higher than the share price. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME SEK 000s Note Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Profit/loss for the period −4 097 −6 413 −5 740 −9 967 −38 002 Other comprehensive income for the period: Items that can later be reclassified into profit or loss This period´s translation differences when translating foreign operations 0 0 0 0 0 Other comprehensive income for the period, net after tax 0 0 0 0 0 Comprehensive income for the period −4 097 −6 413 −5 740 −9 967 −38 002 Comprehensive income for the period attributable to: Shareholders´ of Parent Company −4 034 −6 366 −5 698 −9 880 −36 371 Non-controlling interests −63 −47 −43 −87 −1 630 10
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEK 000s Note 30 Jun 2026 30 Jun 2025 31 Dec 2025 ASSETS Non-current assets Intangible fixed assets Capitalized development expenditures 23 477 21 079 22 187 Patents 10 043 8 991 9 695 Licences 0 17 0 Goodwill 16 794 16 794 16 794 50 314 46 881 48 677 Property, plant and equipment Buildings 20 382 27 844 22 458 Improvement expense of other property 22 81 45 Machinery 15 041 18 251 16 537 Equipment, tools, fixtures and fittings 3 420 3 072 2 521 Ongoing new facilities 163 163 163 39 029 49 411 41 724 Other non-current assets Other non-current receivables 3 448 2 986 2 981 Deferred tax assets 431 776 634 Total non-current assets 93 222 100 054 94 017 Current assets Inventories 21 756 32 083 23 589 Trade receivables 16 007 21 629 10 077 Income tax receivables 261 326 756 Other receivables 113 324 219 Prepaid expenses and accrued income 4 916 6 325 3 883 Cash and cash equivalents 480 2 340 2 677 Total current assets 43 533 63 028 41 201 TOTAL ASSETS 136 755 163 082 135 218 11
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONT.) SEK 000s Note 30 Jun 2026 30 Jun 2025 31 Dec 2025 EQUITY Share capital 1 100 981 1 100 Other contributed capital 327 651 307 555 327 651 Accumulated loss including profit/loss for the period −318 219 −288 113 −313 573 Equity attributable to shareholders´ of Parent Company 10 532 20 423 15 178 Non-controlling interests 4 4 635 7 805 5 230 Total equity 15 167 28 228 20 408 LIABILITIES Non-current liabilities Borrowings from credit institutions 2 210 3 165 3 428 Lease liabilities 16 289 24 824 18 940 Other non-current liabilities 510 2 550 1 530 Deferred tax liabilities 0 266 0 Total non-current liabilities 19 009 30 805 23 899 Current liabilities Liabilities to credit institutions 50 838 40 911 46 263 Lease liabilities 9 221 9 130 9 151 Trade payables 14 016 19 435 8 677 Provisions 47 – 450 Other liabilities 17 877 22 926 13 005 Accrued expenses and deferred income 10 580 11 647 13 366 Total current liabilities 102 579 104 049 90 911 TOTAL EQUITY AND LIABILITIES 136 755 163 082 135 218 12
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Attributable to shareholders´ of Parent Company SEK 000s Share capital Other contributed capital Reserves Accumulated loss Total Non-controlling interests Total equity Equity at 1 January 2026 1 100 327 651 0 −313 573 15 178 5 230 20 408 Comprehensive income Profit/loss for the period – – – −5 699 −5 699 −43 −5 741 Transfer enumeration preference shares – – – 1 053 1 053 −1 053 0 Other comprehensive income Other – – – – – 500 500 Translation differences – – 0 0 0 0 0 Total comprehensive income – – 0 −4 646 −4 646 −595 −5 241 Shareholder transactions Warrants – – – – 0 – 0 Total shareholder transactions – – – – 0 – 0 Equity at 30 June 2026 1 100 327 651 1 −318 219 10 531 4 635 15 167 Equity at 1 January 2025 981 307 555 143 −279 703 28 976 8 857 37 833 Comprehensive income Profit/loss for the period – – – −9 880 −9 880 −87 −9 967 Transfer enumeration preference shares – – – 940 940 −940 0 Other comprehensive income Translation differences – – −143 – −143 −25 −168 Total comprehensive income – – −143 −8 940 −9 083 −1 052 −10 135 Shareholder transactions Warrants – – – 530 530 – 530 Total shareholder transactions 0 0 0 530 530 – 530 Equity at 30 June 2025 981 307 555 0 −288 113 20 423 7 805 28 228 Equity at 1 January 2025 981 307 555 143 −279 703 28 976 8 857 37 833 Comprehensive income Profit/loss for the period – – – −36 371 −36 371 −1 630 −38 002 Transfer enumeration preference shares – – – 1 972 1 972 −1 972 0 Other comprehensive income Translation differences – – −143 0 −143 −25 −168 Total comprehensive income – – −143 −34 400 −34 543 −3 627 −38 170 Shareholder transactions Transfer warrants – – – 530 530 – 530 New share isssue 115 19 536 – – 19 652 – 19 652 Set-off issue 3 560 – – 563 – 563 Total shareholder transactions 119 20 096 0 530 20 745 0 20 745 Equity at 31 December 2025 1 100 327 651 0 −313 573 15 178 5 230 20 408 13
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CONSOLIDATED CASH FLOW STATEMENT SEK 000s Note Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Cash flow from operating activites Operating profit/loss −2 097 −4 712 −1 776 −6 813 −31 567 Adjustment for non-cash items 5 3 383 4 111 7 016 8 189 18 822 Interest received 3 5 4 14 15 Interest paid −1 902 −1 553 −3 632 −3 195 −6 742 Income tax paid −129 −175 495 280 −10 Cash flow from operating activities before changes in working capital −740 −2 325 2 107 −1 525 −19 483 Changes in working capital Changes in inventories and work in progress 3 860 6 668 1 833 −42 8 452 Changes in trade receivables 2 719 8 689 −5 930 −7 673 3 879 Changes in other operating receivables 1 771 −710 −62 −3 743 −1 292 Changes in trade payables −5 272 −4 599 5 340 9 805 −954 Changes in other operating liabilities −547 −6 −1 811 396 1 108 Cash flow from changes in working capital 2 531 10 043 −631 −1 257 11 193 Cash flow from operating activities 1 791 7 718 1 476 −2 782 −8 290 Cash flow from investing activities Investments in intangible assets −1 816 −2 391 −4 149 −4 421 −8 770 Investments in property, pland and equipment −210 −100 −1 369 −2 175 −2 220 Cash flow from investing activities −2 026 −2 491 −5 517 −6 596 −10 990 Cash flow from financing activities New share issue 19 652 Warrants 530 530 530 Net change bank overdraft facility 3 570 4 052 4 575 4 409 −393 Net change invoice factoring debt −2 638 −5 970 2 474 7 162 −2 206 Borrowings – 0 2 220 14 520 Repayment of debt 0 0 0 0 −300 Amortization of debt −3 269 −1 901 −5 205 −3 141 −10 382 Cash flow from financing activities −2 336 −3 288 1 844 11 181 21 420 Cash flow for the period −2 571 1 939 −2 197 1 803 2 140 Cash and cash equivalents at beginning of period 3 052 401 2 677 538 538 Exchange rate differences in cash and cash equivalents 0 0 0 0 0 Cash and cash equivalents at end of period 480 2 340 480 2 340 2 677 14
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KEY FIGURES, THE GROUP SEK 000s Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Net sales 22 081 29 962 49 448 65 359 106 190 Revenue growth, % −26,3 −22,7 −24,3 −15,0 −16,5 Gross profit 6 307 6 462 14 647 15 399 14 861 Gross margin, % 28,6 21,6 29,6 23,6 14,0 Operating profit/loss, EBIT −2 097 −4 712 −1 776 −6 813 −31 567 Operating margin, EBIT, % −9,5 −15,7 −3,6 −10,4 −29,7 EBITDA 1 282 −601 5 235 1 376 −12 863 Profit/loss for the period −4 097 −6 413 −5 740 −9 967 −38 002 Profit margin, % −18,6 −21,4 −11,6 −15,2 −35,8 Equity ratio, % 11,1 17,3 11,1 17,3 15,1 Quick ratio, % 21,2 29,7 21,2 29,7 19,4 Net debt/equity ratio,% 615,8 353,5 615,8 353,5 430,1 Average number of employees 30 39 33 40 39 Average number of shares before and after dilution1 110 003 016 98 117 967 110 003 016 98 117 967 101 886 916 Number of shares issued at end of period 110 003 016 98 117 967 110 003 016 98 117 967 110 003 016 Earnings per share before and after dilution SEK1 −0,04 −0,06 −0,05 −0,10 −0,36 1) There is no dilution effect for the period when the subscription price is higher than the share price. 15
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PARENT COMPANY INCOME STATEMENT SEK 000s Note Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Net sales 2 15 350 16 913 33 944 42 930 71 752 Cost of goods sold −12 769 −15 907 −28 611 −37 545 −66 893 Gross profit 2 581 1 006 5 333 5 385 4 859 Selling expenses −1 482 −2 917 −2 623 −5 535 −13 041 Administrative expenses −2 055 −2 674 −4 322 −5 405 −12 729 Research and development costs −1 716 −1 241 −3 167 −2 515 −5 219 Other operating income 182 183 419 420 951 Other operating expenses −174 −419 −216 −451 −779 Operating profit/loss −2 664 −6 061 −4 575 −8 101 −25 958 Interest income and similar items 89 42 146 87 201 Interest expenses and similar items −1 157 −792 −2 162 −1 708 −3 981 Net financial items −1 067 −750 −2 016 −1 621 −3 780 Profit/loss before tax −3 732 −6 811 −6 592 −9 721 −29 738 Appropriations – – – 1 843 Income tax – – – – – Profit/loss for the period −3 732 −6 811 −6 592 −9 721 −27 895 PARENT COMPANY STATEMENT OF COMPREHENSIVE INCOME SEK 000s Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Profit/loss for the period −3 732 −6 811 −6 592 −9 721 −27 895 Other comprehensive income for the period – – – – – Comprehensive income for the period −3 732 −6 811 −6 592 −9 721 −27 895 16
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PARENT COMPANY BALANCE SHEET SEK 000s Note 30 Jun 2026 30 Jun 2025 31 Dec 2025 ASSETS Non-current assets Intangible fixed assets Capitalized development expenditures 19 191 16 262 17 635 Patents 7 517 7 212 7 535 Licences 0 17 0 26 708 23 490 25 171 Property, plant and equipment Improvement expense of other property 22 81 45 Machinery 10 967 11 374 12 008 Equipment, tools, fixtures and fittings 2 250 1 310 1 167 Ongoing new facilities 163 2 100 163 13 403 14 865 13 384 Financial assets Shares in group companies 37 078 35 878 35 878 Due from group companies 0 0 0 Other non-current receivables 90 307 199 37 169 36 185 36 077 Total non-current assets 77 279 74 541 74 631 Current assets Raw materials, supplies and finished inventories 14 653 18 226 15 877 14 653 18 226 15 877 Short-term receivables Trade receivables 7 842 8 327 6 004 Due from group companies 3 378 865 1 713 Income tax receivables 133 173 410 Other receivables 117 46 151 Prepaid expenses and accrued income 3 756 4 163 4 107 15 225 13 573 12 384 Cash and cash equivalents 458 2 250 2 649 Total current assets 30 336 34 049 30 910 TOTAL ASSETS 107 615 108 590 105 542 17
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PARENT COMPANY BALANCE SHEET (CONT.) SEK 000s Note 30 Jun 2026 30 Jun 2025 31 Dec 2025 EQUITY AND LIABILITIES Restricted equity Share capital 1 100 981 1 100 Fund for development expenditures 14 539 11 610 12 984 Total restricted equity 15 639 12 592 14 084 Non-restricted equity Share premium reserve 331 293 311 197 331 293 Retained earnings −307 084 −276 259 −277 633 Profit/loss for the period −6 592 −9 721 −27 895 Total non-restricted equity 17 618 25 216 25 765 Total equity 33 257 37 808 39 849 LIABILITIES Non-current liabilities Liabilities to credit institutions 864 3 165 2 082 Liabilities to group companies 5 910 4 710 4 710 Total non-current liabilities 6 774 7 875 6 792 Current liabilities Liabilities to credit institutions 35 820 26 370 31 459 Trade payables 11 292 13 391 7 421 Liabilities to group companies 4 146 5 386 2 327 Other short-term liabilities 8 206 8 931 6 628 Accrued expenses and deferred income 8 119 8 830 11 067 Total current liabilities 67 584 62 907 58 901 TOTAL EQUITY AND LIABILITIES 107 615 108 590 105 542 18
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Notes ACCOUNTING PRINCIPLES This interim report has been prepared for the Group in accordance with IAS 34, Interim Financial Reporting, and the Swedish Annual Accounts Act. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the EU and RFR 1 Supplementary Accounting Rules for Groups. The parent company applies the Annual Accounts Act and RFR 2 Accounting for Legal Entities. The same accounting principles and calculation methods have been applied in the interim report as in the annual report 2025. NOTE 1 OPERATING SEGMENTS AND BREAKDOWN OF REVENUE Operating segments are reported in a manner consistent with the internal reporting provided to the highest executive decision maker. The Group’s business units utilize common resources in terms of sales, production, research & development and administration, which is why a division of the Group’s costs is only possible by allocating the costs. The same applies to the Group’s assets and liabilities. The Group management does not consider that allocation of profit and loss and balance sheet items contributes to a more accurate picture of the business and therefore follows up the outcome for the group as a whole. The Group has thus identified one operating segment. The follow-up of the Group's net sales is done for the three business units Nonwoven technologies, Consumer applications and Wood protection. The outcome per business unit consists of a combination of net sales of goods sold from different parts of the Group’s operations, which, however, do not consist of separate income statements and balance sheets. Group Net sales per business unit Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Nonwoven technologies 6 713 6 046 14 107 16 375 31 610 Consumer applications 9 615 13 261 23 306 28 675 42 294 Wood protection 5 753 10 656 12 033 20 308 32 285 Total 22 081 29 962 49 448 65 359 106 190 Net sales per geographic market Sweden 18 009 22 740 38 276 49 100 83 106 The rest of Europe 3 800 6 723 10 561 15 565 22 207 The rest of The world 271 499 611 695 877 Total 22 081 29 962 49 448 65 359 106 190 Net sales consist of sales of products within the Group’s various business units. Revenue is reported at the time the control of the products is transferred to the customer, generally upon delivery. All sales are reported at a specific time, no revenue is recognized over time. NOTE 2 SEASONAL VARIATIONS The business units Consumer applications and Wood protection are strongly characterized by seasonal variations depending on the weather and when in the year it is building and DIY season. For the Group, this has historically meant that the strongest sales quarters are the first and second, while the third and fourth quarters have been weaker. NOTE 3 OTHER OPERATING INCOME AND OTHER OPERATING EXPENSES Group Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Exchange gains on receivables/payables of an operating nature 107 134 161 251 535 Government grants received for R&D 108 85 300 207 436 Insurance compensation 0 - - 0 Other operating income 0 - 7 1 35 Total 215 219 468 459 1 006 Exchange losses on receivables/payables of an operating nature -182 -440 -236 -767 -948 Losses, disposal/sale of property, plant and equipment - - - - -117 Other operating expenses - - - - - Total -182 -440 -236 -767 -1 065 NOTE 4 ORGANOWOOD AB’S PREFERENCE SHARES In the subsidiary OrganoWood AB there are two types of shares, ordinary shares and preference shares. In 2013, OrganoWood AB issued 200,000 preference shares with a nominal amount of SEK 100 per share, corresponding to a total amount of the issue of SEK 20,000 thousand. The terms of the preference shares are established in OrganoWood AB’s Articles of Association. As of the balance sheet date, OrganoClick owned 36.4% of the preference shares, other ordinary shareholder in OrganoWood AB 27.0% and the remaining 36.6% was owned by 26 preference shareholders. The preference shares do not carry dividend rights, but holders are only entitled to a redemption value. The redemption value was SEK 184.80 as of 31 May 2019 and the amount increases by 12 percent per annum as of 1 June 2019. As of 30 June 2026, the redemption value per preference share was SEK 412,6 (368,4). No dividend may be paid to the holders of ordinary shares until there is enough non-restricted equity to redeem the preference shares. At OrganoWood AB’s Annual General Meeting on 7 May 2026, it was decided to allow the preference shares to run in accordance with the prescribed conditions as there was not enough non- 19
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restricted equity to redeem them. The aim is to redeem the preference shares when non-restricted equity so permits. NOTE 5. ADJUSTMENT FOR NON-CASH ITEMS Group Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Depreciation/amortizatio n of intangible fixed assets 1 199 1 126 2 512 2 235 4 787 Depreciation/amortizatio n of property, plant and equipment 2 184 2 985 4 504 5 954 13 918 Disposal of property, plant and equipment 0 0 0 0 117 Total 3 383 4 111 7 016 8 189 18 822 NOTE 6 FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE For the Group's financial assets and liabilities, the fair value is assessed to be consistent with the carrying amount. NOTE 7 RELATED PARTIES OrganoClick has transactions with related parties. The main owners of the company, Cidro Förvaltning AB, Beijer Ventures AB and M. Hellberg AB has entered a guarantee commitment for the growth loan that runs until November 2026. The company has obtained a shareholder loan from the principal owner Cidro Holding AB. OrganoWood AB has transactions with related parties. Board member and shareholder Robert Charpentier has, from his own company Kvigos AB, invoiced and accrued interest and guarantee fees, for loans and guarantee liability, of KSEK 50 (50) and invoiced consultancy fees of KSEK 0 (100). Outstanding interest-bearing loans from Kvigos AB amount to KSEK 250 (0) and invoiced and accrued interest on loans amount to KSEK 12 (0). Provided by shareholder Ilija Batljan, via his own company Ilija Batljan Invest AB, outstanding interest-bearing loans to OrganoWood AB amount to KSEK 250 (0) and invoiced and accrued interest on loans, amount to KSEK 12 (0). The transactions between the companies and the shareholders take place at prices at arm's length. NOTE 8 ESTIMATES AND ASSESSMENTS The preparation of the interim report requires the management to make assessments and estimates and to make assumptions that affect the application of the accounting principles and the reported amounts of assets, liabilities, income and expenses. The actual outcome may differ from these estimates and assessments. The critical estimates and sources of uncertainty in estimates can be found in the Group’s annual report for 2025, page 51-52. 20
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Alternative performance measure OrganoClick presents alternative performance measures in addition to the conventional financial key ratios established by IFRS, with the aim of giving investors and management the opportunity to evaluate and understand the development of the operational operations and financial status and to facilitate comparisons between different periods. Below, and on the follwoing page, are definitions and calculations for components that are included in alternative performance measures used in this report. Non-IFRS key ratios Definition/Calculation Purpose Performance measures Gross margin Net sales for the period minus the cost of goods sold in relation to net sales for the period. The gross margin is used to measure and evaluate whether manufacturing processes, raw materials and procurement are cost-effective, that is the profitability of production. Operating margin, EBIT Operating profit/loss for the period in relation to net sales for the period. The operating margin is used to measure operational profitability. EBITDA Operating profit/loss excluding depreciation and impairments of intangible assets and property, plant and equipment. EBITDA is used to measure operational profitability, excluding the effects of previously made investments and accounting decisions. Profit margin Profit/loss for the period in relation to net sales for the period. The profit margin shows the profit per turnover SEK, which gives an indication of how efficient a company is. Revenue growth The percentage increase in sales for the past period compared to the corresponding previous period. The change in net sales reflects the group's realized sales growth over time. Organic growth Changes in net sales, excluding acquisition-driven growth. Organic growth excludes the effects of changes in the Group's structure, enabling a comparison of net sales over time. Capital structure Equity ratio Equity in relation to total assets. Equity includes non- controlling interests. The key figure reflects the group's financial position. Good equity ratio gives a readiness to handle periods of weak economic activity and financial preparedness for growth. At the same time, it provides a minor advantage in the form of financial leverage. Quick ratio Current assets, excluding inventories, in relation to current liabilities, without adjustment for proposed dividend. Quick ratio shows short term solvency. If quick ratio is greater than 100 percent, current liabilities can be paid immediately, provided that the current receivables can be converted immediately. Net debt Interest-bearing non-current and current liabilities (incl. leasing and invoice factoring debet) minus interest- bearing assets including cash and cash equivalents. Net debt show the ability to pay off all interest-bearing liabilities with available cash and shows the possibility of living up to financial commitments. Net debt/equity ratio Net debt in relation to shareholders' equity. Equity includes non-controlling interests. The net debt/equity ratio shows the relationship between net debt and equity and measures the extent to which the company is financed by loans. 21
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Reconciliation alternative performance measures SEK 000s Apr-Jun 2026 Apr-Jun 2025 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Gross margin, % Gross profit 6 307 6 462 14 647 15 399 14 861 Net sales 22 081 29 962 49 448 65 359 106 190 Gross margin, % 28,6 21,6 29,6 23,6 14,0 Operating margin, EBIT, % Operating profit/loss, EBIT -2 097 -4 712 -1 776 -6 813 -31 567 Net sales 22 081 29 962 49 448 65 359 106 190 Operating margin, EBIT, % -9,5 -15,7 -3,6 -10,4 -29,7 EBITDA Operating profit/loss -2 097 -4 712 -1 776 -6 813 -31 567 Plus: Depreciations/impairments 3 379 4 111 7 011 8 189 18 705 EBITDA 1 282 -601 5 235 1 376 -12 863 Profit margin, % Profit/loss for the period -4 097 -6 413 -5 740 -9 967 -38 002 Net sales 22 081 29 962 49 448 65 359 106 190 Profit margin, % -18,6 -21,4 -11,6 -15,2 -35,8 Net sales, change Net sales 22 081 29 962 49 448 65 359 106 190 Net sales corresponding period prior year 29 962 38 746 65 359 76 916 127 227 Net sales, change -7 881 -8 784 -15 912 -11 557 -21 037 Revenue growth, organic, % -26,3 -22,7 -24,3 -15,0 -16,5 Equity ratio, % Equity 15 167 28 228 15 167 28 228 20 408 Total assets 136 755 163 082 136 755 163 082 135 218 Equity ratio, % 11,1 17,3 11,1 17,3 15,1 Quick ratio, % Current assets, excluding inventories 21 777 30 944 21 777 30 944 17 612 Current liabilites 102 579 104 049 102 579 104 049 90 911 Quick ratio, % 21,2 29,7 21,2 29,7 19,4 Net debt/equity ratio, % Interest-bearing liabilities 93 875 102 116 93 875 102 116 90 459 Less: Cash and cash equivalents -480 -2 340 -480 -2 340 -2 677 Net debt 93 395 99 775 93 395 99 775 87 782 Equity 15 167 28 228 15 167 28 228 20 408 Net debt/equity ratio, % 615,8 353,5 615,8 353,5 430,1 22
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Signatures CERTIFICATIONS The Board of Directors and the CEO hereby declare that the interim report provides a true and fair view of the parent company's and the Group's operations, financial position and earnings, and describes significant risks and uncertainties that the parent company and the companies that are part of the Group are deemed to be facing. OrganoClick AB (publ.) Corporate identity number: 556704-6908 REVIEW OF AUDITORS This interim report has not been reviewed by the company’s auditors. Stockholm, 12 August 2026 Johan Magnusson Chairman of the Board Chatarina Schneider Board member Charlotte Karlberg Board member Sara Lindell Board member Stefan Wahlén Board member Mårten Hellberg CEO 23
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OrganoClick AB (publ), Linjalvägen 9, SE-187 66 Täby, Sweden +46 8 674 00 80 info@organoclick.com www.organoclick.com For questions: Mårten Hellberg, CEO: +46 8 684 001 10, marten.hellberg@organoclick.com Carin Eklund, CFO: +46 8 684 001 19, carin.eklund@organoclick.com 24