Announcement no. 6/2026

3 February 2025

Embla Medical hf: 2025 Annual Report

The full Annual report including Remuneration and Governance Reports can be downloaded from our website https://emblamedical.com/investor-relations/annual-report

Letter from our President and CEO Sveinn Sölvason

2025 was a year of meaningful progress for Embla Medical. Across geographies and patient care settings, the need for our solutions remains as strong as ever, and once again, our teams delivered with focus and purpose. 

We achieved 6% organic growth driven by strong performance in Prosthetics & Neuro Orthotics and delivered a robust EBITDA margin of 20%, reflecting operational efficiency and effective cost control. These results underscore the strength of our business model and our ability to operate in a dynamic environment.

We continued to advance our Growth'27 strategy through a combination of innovative solutions, market expansion, and operational execution. A key milestone during the year was the acquisition of a majority share in Streifender ortho.production, positioning Embla Medical as a full-range provider. This investment strengthens our presence in key markets and expands our reach in less developed healthcare markets - enabling us to better support clinicians, customers and, most importantly, reach more patients. 

Innovation remains at the heart of our progress. In 2025, we introduced new solutions across our portfolio of leading global brands: Össur, College Park and Fior & Gentz. Our innovations have improved millions of lives and created lasting value for patients and healthcare systems. Yet, there is so much more we can do to reach more people with even more impactful solutions, and we are fortunate to have one of the most innovative teams in the industry leading the way.

We also strengthened our foundation in Patient Care following a year with lower-than-expected growth, as we undertook important changes to better support patients and clinicians over the long term. With the global rollout of our ForMotion brand and the implementation of new performance management systems nearing completion, our focus is on creating the best possible environment for clinicians to deliver exceptional patient care and on ensuring optimal outcomes for patients. These efforts position our Patient Care business to return to a stronger growth trajectory in 2026. 

One particularly meaningful milestone was the opening of a new clinic in Kyiv. Establishing a presence in Ukraine underscores our commitment to ensuring access to high-quality mobility care and reflects our belief that mobility is fundamental to dignity and independence.

During the year, we were honored to receive multiple awards and accolades, not only for our products and innovation capabilities but also our broader commitment to responsible growth. This includes being named one of TIME Magazine`s World`s Best Companies in Sustainable Growth. These recognitions are a testament to the dedication of our employees and the trust placed in us by customers, partners, and end-users around the world.

While the global environment remains challenging, we stay grounded and focused on what we can control. What has not changed, and will not change, is the need for what we do. People around the world continue to count on us to improve their mobility, and our purpose remains as strong as ever.

As we look ahead, we remain confident in our strategy and our ability to navigate change while creating value for patients, customers, employees, healthcare systems and shareholders. The underlying drivers of demand - an aging population, rising incidence of mobility-limiting conditions, and growing expectations for quality of life, remain firmly in place. Our focus is clear: putting patients first. We will continue to innovate, collaborate, and invest in solutions that help people live life without limitations.

I would like to sincerely thank our employees, customers, end-users, and shareholders for their trust and continued collaboration. Together, we are shaping a future where more people can live a life with greater mobility, independence, and confidence.

Sveinn Sölvason

President and CEO

Further information

Klaus Sindahl, Head of Investor Relations, KSindahl@emblamedical.com, +45 5363 0134

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About Embla Medical

Embla Medical (Nasdaq Copenhagen: EMBLA) is a leading global provider of innovative mobility solutions that help people live a Life Without Limitations®. Embla Medical is home to several leading brands renowned for positively impacting people's health and well-being. They include Össur, a leading global provider of prosthetics and bracing solutions; Fior & Gentz, an innovative developer of neuro orthotics; College Park, a provider of lower limb prosthetics; and ForMotion, a global network of Orthotic and Prosthetic (O&P) patient care facilities. Embla Medical is committed to sustainable business practices, is a signatory to the UN Global Compact and UN Women's Empowerment Principles and contributes to the UN Sustainable Development Goals. The company's climate targets have been verified by the Science Based Targets initiative. Embla Medical operates globally and has around 4,500 employees. www.emblamedical.com