Message from the CEO
“The quarter was shaped by a volatile global environment, adverse foreign exchange effects, and longer customer decision cycles, which have together impacted sales growth and consequently our EBITDA. Net sales totaled SEK 13.7 (14.3) million, but currency-adjusted sales were in line with the previous year. Earnings are below our expectations as a result of external factors outside of our control, but notably, interest in our tests has strengthened, laying a solid foundation for growth in the second half of 2025. Overall, our growth initiatives are positioning us well to meet global trends and regulatory shifts. We remain firmly committed to our strategic priorities and are building for growth.”

Peter Nählstedt, President and CEO

January-March 2025

• Net sales totaled SEK 13.7 (14.3) million.
• EBITDA amounted to SEK -1.3 (0) million.
• Earnings per share were SEK -0.14 (-0.13).
• Cash and cash equivalents at 31 March amounted to SEK 34.7 (12.5) million.

Important events after the end of the period

• SenzaGen broadened its regulatory test portfolio, winning its first orders for EpiSensA – a new, non-animal and OCED-approved test method for assessing skin allergies. This milestone strengthens the Company's scope and competitiveness in non-animal regulatory toxicology testing.
• The FDA announced a shift towards human-relevant testing methods in drug development, strengthening SenzaGen’s long-term commercial opportunities as a pioneer in innovative, non-animal test methods.

Livestream presentation
SenzaGen is pleased to invite press and investors to a livestream presentation at 12:30 on May 14. The presentation will be given by SenzaGen’s President and CEO Peter Nählstedt, followed by a Q&A session moderated by Rodney Alfvén, partner at Hallvarsson & Halvarsson.

The presentation will be held in Swedish.

Time: Wednesday, May 14, 12:30

Webcast
If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions:
https://senzagen.events.inderes.com/q1-report-2025

Teleconference
If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference:
https://events.inderes.com/senzagen/q1-report-2025/dial-in

The presentation can be watched afterwards at SenzaGen’s website: https://senzagen.com/investors/presentations/