The turnover of the North and Latin American region amounted to EUR 4.8 million, representing 33% of total turnover. Compared to the same quarter of the previous fiscal year, turnover increased by 94%.
The turnover of the European region amounted to EUR 9 million, representing 63% of total turnover, which is 383% higher than in the fourth quarter of the previous fiscal year. The turnover of the Asia, Africa, and Middle East region decreased compared to the corresponding quarter of the previous fiscal year and accounted for 3% of total quarterly turnover (or EUR 475 thousand).
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. Fourth-quarter turnover is 4% higher than in the third quarter, but 8% lower than in the second quarter of the fiscal year.
In the reporting quarter, the Group sold goods in 63 countries.
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 fourth quarter of FY 2025/2026 with an unaudited profit of EUR 2.69 million. The Group recorded a loss of EUR 750 thousand in the fourth quarter of the previous year.
The Group's unaudited consolidated 12-month result for FY 2025/2026 was a profit of EUR 8.6 million. In the previous FY 2024/2025, the Group recorded a loss of EUR 643 thousand.
Although the hostilities in Ukraine do not have a direct impact on the Group's operations, overall uncertainty in the business environment persists. This is further exacerbated by the geopolitical situation in the Middle East, including risks related to Iran, which create additional pressure on supply chains and the availability of certain materials. The Group continues to monitor potential cost increase trends and assess the related risks. By regularly reviewing procurement volumes and timelines, the company continues to maintain material reserves to ensure that most orders can be fulfilled within short delivery lead times. This applies to all SAF product groups - microwave radios, spectrum analyzers, and Internet of Things (IoT) solutions.
The development of new products is closely linked to changes in manufacturing approaches and supply chain organization. In the defense segment, supply chain independence is particularly critical. Accordingly, the Group is purposefully investing in expanding production capacity in Latvia and strengthening internal competencies, increasing its ability to carry out a substantial portion of the process in-house.
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
