Positive EBITDA and operating cash flow for the full year in a challenging external environment

Fourth quarter

• Net sales totaled SEK 17.0 (21.8) million
  • The single biggest reason for the difference compared to 2024 is a major mobile customer that rescheduled its planned Q4 production to 2026
• EBITDA totaled SEK -1.9 (3.4) million.
• The operating profit/loss (EBIT) totaled SEK -6.7 (-2.1) million
• Earnings for the period totaled SEK -6.3 (-1.3) million
• Earnings per share before and after dilution totaled SEK -0.08 (-0.02)
• Cash flow from operations totaled SEK -3.2 (5.8) million
• ARR (Annual Recurring Revenue) at the end of the period was SEK 18.9 (19.0) million

Full-year period, January - December

• Net sales totaled SEK 77.8 (86.9) million.
  • The single biggest reasons for the difference compared to 2024 are a major mobile customer that rescheduled its planned Q4 production to 2026 and a negative currency effect of SEK 3.3 million
• EBITDA totaled SEK 0.2 (13.4) million
  • Adjusted for negative currency effects from operating items, EBITDA totaled SEK 3.1 million and operating expenses were at the same level as in the previous year
• The operating profit/loss (EBIT) totaled SEK -20.1 (-9.4) million
• Earnings for the period totaled SEK –19.9 (–8.4) million
• Earnings per share before and after dilution totaled SEK -0.25 (-0.11)
• Cash flow from operations totaled SEK 1.9 (10.1) million
• ARR (Annual Recurring Revenue) at the end of the period was SEK 18.9 (19.0) million

Significant events during the quarter

• Next generation biometric matching algorithm launched
• Precise and SecuGen strengthen trust in national ID programs with joint anti-spoofing solution
• Precise strengthens Precise Visit by EastCoast with new physical access control capabilities

Significant events after the end of the full-year period

• Precise participates at MOSIP Connect 2026
• Age Back Co Stockholm selects Precise Access for biometric physical access

Presentation and live Q&A
Precise has published a video interview with CEO Joakim Nydemark in connection with this report. The video is available on the Investor Relations page. The Company will also host a live Q&A on the day of the report. More information and a registration link to the Q&A session may be found on the Investor Relations page.

CEO Joakim Nydemark comments

“2025 was a challenging year, marked by geopolitical uncertainty, currency headwinds, and delayed customer investments. Despite this, we delivered positive EBITDA and positive operating cash flow for the full year, confirming the strength of our offering and business model. We made important technological and commercial progress during the year and are well positioned for 2026. With a strong offering and biometrics having evolved into an increasingly central pillar of both digital and physical security, I look ahead to 2026 with great confidence.”