Tekna - Q2 2026: Strong profitability and enhanced commercial visibility

(Arendal, Norway / Sherbrooke, QC, Canada - 13 August 2026)

Tekna's positive trend continued in the second quarter. Revenue grew in both
business areas, and contribution margins above the long-term target drove a
fourth consecutive quarter of positive adjusted EBITDA. Commercial momentum
remained strong, led by sustained aerospace and defense demand and improving
order quality in Materials. A major Systems order from a new U.S. critical
minerals customer lifted total backlog to a record level, supporting continued
growth into 2027.

Comment from the CEO, Claude Jean: "The second quarter of 2026 showed our
strategy continuing to translate into results. We delivered strong revenue
growth, contribution margins above our long-term targets in both business areas,
and a fourth consecutive quarter of positive adjusted EBITDA. Good order intake
lifted our backlog to a record CAD 28.5 million, and with a solid balance sheet
we have the flexibility to scale our operations and capture future
opportunities. We enter the second half of the year with momentum, financial
strength, and a clear path to long-term profitable growth."

Q2 AND H1 2026 HIGHLIGHTS
(Figures in parentheses refer to the same period the previous year)
o	Revenue increased 18% year-over-year to CAD 10.6 million (CAD 9.0 million) in
the quarter and 19% to CAD 20.6 million (CAD 17.4 million) for the first half,
driven by sustained aerospace and defense demand in Materials and strong order
and project execution in Systems
o	Contribution margin rose to 57.1% (44.6%), reflecting a favorable sales mix
and improved execution, with both business areas above their respective
long-term targets of 50% for Materials and 60% for Systems
o	Adjusted EBITDA was CAD 1.4 million in the quarter (CAD -2.0 million), a 12.8%
margin, and CAD 1.6 million for the first half (CAD -2.8 million) and 7.6%
margin - the fourth consecutive quarter of positive adjusted EBITDA, supported
by higher revenue and a lower cost base
o	Net income turned positive at CAD 0.1 million in the quarter (CAD -3.9
million)
o	Order intake more than doubled year-over-year to CAD 19.0 million, anchored by
a CAD 11.5 million Systems order from a new U.S. critical minerals customer,
resulting in a book-to-bill ratio of 1.8x
o	Total backlog reached a record CAD 28.5 million (CAD 20.9 million), extending
revenue visibility into 2027 and underpinning production planning for the year
ahead
o	Cash and cash equivalents of CAD 18.0 million at quarter end


Reshoring and localized manufacturing trends bolster growth in additive
manufacturing and long-term demand for Tekna's products. Materials order intake,
growing customer order sizes, and an expanding systems pipeline - combined with
current market trends - support Tekna's long-term ambitions of double-digit
annual topline growth through 2030.

SECOND QUARTER PRESENTATION 
Tekna will present its financial results for the second quarter of 2026 in a
webcast today, Thursday 13 August 2026, at 13:00 CEST.
Webcast link: https://investorweb.co/webcastdetail?id=6a304ededbc99b28bb21b837 

The presentation and following Q&A session will be hosted by CEO Claude Jean and
CFO Espen Schie. Questions may be submitted in writing at any time during the
presentation, and a recording of the presentation will be made available on the
company's website after the live event has concluded.  
The Q2 2026 materials are enclosed and available on the company's website.

ATTACHMENTS
o	26Q2H1 Interim report.pdf
o	26Q2 Presentation.pdf
o	This announcement in PDF.pdf

DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS
Arina Van Oost, Investor Relations | VP Corporate Strategic Development, Tekna
Holding ASA,
+33670115190, investors@tekna.com

ABOUT TEKNA HOLDING ASA
Tekna is a world-leading provider of sustainable, advanced material solutions,
headquartered in Sherbrooke, Canada. The company specializes in high-purity
metal powders used in critical applications such as additive manufacturing (3D
printing) across the aerospace, defense, medical and consumer electronics
industries. 

Tekna also develops cutting-edge induction plasma systems designed for both
industrial research and production. Its unique, IP-protected plasma technology
is powering its hypersonic wind tunnels, PlasmaSonic, which enable simulating
material exposure conditions in space. 

With over 30 years of experience, Tekna is a trusted partner to a broad
portfolio of multinational blue-chip customers for its high-quality products and
innovation. Its material solutions help enhance productivity, enable more
efficient use of materials and support the transition to more resilient supply
chains and a circular economy. 

https://www.tekna.com
Follow us on LinkedIn: https://www.linkedin.com/company/1358990/  #investinTekna
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