The turnover of the North and Latin American region amounted to EUR 4.5 million, representing 29% of total turnover. Compared to the same quarter of the previous fiscal year, turnover increased by 8%.
The turnover of the European region amounted to EUR 8.9 million, representing 57% of total turnover, which is 250% higher than in the second quarter of the previous fiscal year. The turnover of the Asia, Africa, and Middle East region increased sixfold compared to the corresponding quarter of the previous fiscal year and accounted for 14% of total quarterly turnover (or EUR 2.1 million).
Fluctuations in quarterly turnover are influenced by the execution of individual projects. Projects vary in size and complexity, and their implementation is affected both by the duration of the production process and by the availability and scheduling of material procurement. Consequently, the dispatch of goods and the recognition of revenue may also take place in subsequent quarters, depending on project completion timelines.
In the reporting quarter, the Group sold goods in 70 countries.
During the reporting quarter, SAF Tehnika established a subsidiary, SAF LATAM S.A.S., in Colombia, in which it holds a 51% shareholding. The company was created based on a long-standing partnership to ensure a direct presence in South America and to continue providing the region's customers with tailored wireless data transmission and sensor solutions, while further strengthening the Group's position in the region.
The Group's expenses amount did not exceed that was planned in the budget. The Group continues to invest in new products and in the development of product modifications.
The Group closed the second quarter of FY 2025/2026 with an unaudited profit of EUR 2.74 million. In the second quarter of the previous fiscal year, the result was a profit of EUR 228 thousand.
The Group's unaudited consolidated result for the first six months of FY 2025/2026 was a profit of EUR 3.43 million. The Group's result for the first half of the previous FY 2024/2025 was a profit of EUR 1.04 million.
During the reporting period, the Group continued developing its microwave wireless data transmission product lines, implementing necessary product modifications and creating prototypes for next-generation technologies. It also advanced the development and functionality of its Internet of Things (IoT) environmental monitoring solution, Aranet. Aranet is an industrial-grade wireless solution that enables the
measurement of a range of environmental parameters, including temperature, humidity, radon, and CO2.
The company's goal is to stabilize its turnover to ensure a positive net result over the long term. The Board of SAF Tehnika remains cautious and refrains from providing specific sales and operational performance forecasts.
About SAF Tehnika:
"SAF Tehnika" JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. "SAF Tehnika" has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries "SAF North America" LLC, which operates from Denver, CO, USA and serves the North American market and "SAF Tehnika Asia PTE" LTD in Singapore.
Additional information: Zane Jozepa CFO, Member of the Board zane.jozepa@saftehnika.com www.saftehnika.com
