In the third quarter of the financial year 2025/2026, the Group’s unaudited consolidated net turnover was 13.77 million euros, which is 2.5 times higher than in the third quarter of FY 2024/2025. The Group closed the 3rd quarter of the financial year 2025/2026 with an unaudited profit of EUR 2.46 million. The consolidated unaudited result of 9 months of the financial year 2025/2026 is a profit of EUR 5.89 million.
The turnover of the North and Latin American region amounted to EUR 4.6 million, representing 34% of total turnover. Compared to the same quarter of the previous fiscal year, turnover increased by 62%.
The turnover of the European region amounted to EUR 8 million, representing 57% of total turnover, which is 246% higher than in the third 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 8% of total quarterly turnover (or EUR 1.2 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. The third-quarter turnover is 11% lower than in the second quarter, but 76% higher than in the first quarter of the fiscal year.
In the reporting quarter, the Group sold goods in 73 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 third quarter of FY 2025/2026 with an unaudited profit of EUR 2.46 million. In the third quarter of the previous fiscal year, the result was a profit of EUR 949 thousand.
The Group’s unaudited consolidated result for the first nine months of FY 2025/2026 was a profit of EUR 5.98 million. In the first three quarters of FY 2024/2025, the Group recorded a profit of EUR 93 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.
Additional information:
Zane Jozepa
CFO, Member of the Board
zane.jozepa@saftehnika.com
www.saftehnika.com
