Smart Eye Year-End Report Q4 January - December 2025

GÖTEBORG, SE / ACCESS Newswire / February 17, 2026 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) - Strong sales growth driven by Automotive

October - December 2025

• Net sales amounted to SEK 122.3 (100.3) million, an increase of 22%. Organic growth was 26% in the quarter. FX impacted sales with SEK -12.2 million in the quarter, and an adjustment of NRE revenue affected the same period last year with SEK 6.2 million.

• Gross profit amounted to SEK 101.5 (90.2) million, and gross margin amounted to 83% (90%).

• EBITDA amounted to SEK 10.2 (-18.7) million. FX impacted EBITDA with SEK -5.0 million.

• Operating results amounted to SEK -31.6 (-63.1) million, whereof the amortization of the surplus value, regarding acquisition of Affectiva and iMotions, amounted to SEK -26.1 (-29.7) million.

• Result after tax amounted to SEK -49.5 (-65.8) million.

• Cash and cash equivalents amounted to SEK 134.8 million at the end of December. Total available cash ending balance, including unutilized bank credit facilities, amounted to SEK 166.4 million.

• In December the company issued a senior unsecured bond with a nominal amount of SEK 300.0 million. Previously used credit facilities have been fully amortized in the period.

• During the quarter the company has won two more Design Wins with a Nordic truck manufacturer and after the quarter the company announces its first two Design Wins including alcohol impairment detection with a new Japanese OEM customer.

• After the quarter Smart Eye has entered into an agreement to acquire all shares in the Swedish AI-based software company Sightic Analytics AB. Completion of the acquisition is subject to the Swedish Inspectorate of Strategic Products (ISP) leaving Smart Eye's application without action, which is expected to occur in March 2026.

January - December 2025

• Net sales amounted to SEK 403.7 (355.0) million, an increase of 14% compared to the corresponding period the previous year. Organic growth amounted to 21% and the FX affected the Net Sales negative with SEK -26.7 million in the period.

• Gross profit amounted to SEK 350.6 (319.0) million, an improvement of SEK 31.6 million compared to last year. Gross margin amounted to 87% (90%).

• EBITDA improved to SEK 4.9 (-82.3) million. FX had a negative impact on EBITDA with SEK -14.5 million.