Solution International Nordics AB: Q1 Report 2026

Financially

* Comparative figures are not available due to a reverse acquisition (2025-09-11), in which Solution International Ltd became the parent company and Solution International Nordics AB (publ) the subsidiary. This has resulted in a new Group structure without historical comparative figures.

CEO's Statement
The first quarter of 2026 has been an important period for Solution International Nordics AB, as we continued to develop the business commercially while also progressing the integration and structural work following the company's listing process. Our focus during the quarter has been on strengthening the Group's customer relationships, broadening our sales channels and improving operational efficiency across the organisation.

During the quarter, the Group reported net revenue of 27.5 MSEK and EBITDA of 0.7 MSEK, demonstrating continued positive operating earnings despite the ongoing transition of the business. The result after financial items amounted to -2.3 MSEK and was affected by costs related to the listing process, the transition into a public environment and ongoing organisational adjustments, as well as impairments during the period. While these items had a negative impact on the bottom line, they do not fully reflect the underlying operational development of the Group, where EBITDA remained positive during the quarter.

Commercially, the quarter included several positive developments. We launched a completely new product range with Kruidvat, our largest customer in the Netherlands, further strengthening our position with one of the key retail partners in our market. We also continued to expand our direct-to-consumer offering in the UK by adding new product lines across the main online platforms. This supports our long-term ambition to build a broader and more diversified sales base, combining established retail distribution with scalable e-commerce channels.

Operational efficiency has also been a key priority. During the quarter, we began using AI-based tools to replace two administrative and logistics-related roles, which is expected to contribute to a leaner and more efficient cost base over time. In addition, we outsourced one staff function at approximately 50 percent lower cost than the equivalent local role, and we see further opportunities to improve efficiency through similar initiatives going forward.

As part of our ongoing supply chain work, we also visited and audited new manufacturing sites in China during the quarter. This work is important to secure capacity, quality and flexibility as the business grows, while also supporting improved sourcing and product development opportunities.

Looking ahead, our focus remains clear: to continue strengthening our customer relationships, expand our product offering and improve profitability through increased scale and operational efficiency. We have a strong platform in place, with established retail relationships, growing e-commerce capabilities and a product portfolio that continues to gain traction in the market.

Although the Group is still affected by transitional costs linked to the listing and corporate restructuring, we believe the underlying business is moving in the right direction. With continued commercial momentum, improved internal processes and a more scalable organisation, we remain confident in the long-term opportunities ahead for Solution International.

Significant events during the period
- During the period, Solution International entered into a new agreement with a leading Irish retail chain operating more than 1,300 stores. The agreement strengthens the Group's presence in the Irish market and further broadens the Company's distribution channels.

- Solution International strengthened its position in the UK baby feeding market by supplying baby bottles and soothers to the four largest grocery retailers in the United Kingdom: Tesco, Sainsbury's, ASDA and Morrisons. This confirms the Company's strong market position and continued relevance among leading retailers.

- The Company launched a fully AI-driven workflow for product photography. The solution enables the creation of complete digital environments and AI-generated models, contributing to faster production, greater flexibility and more cost-effective product images.

Significant events after the period
- Solution International Nordics AB (publ) received approval for continued listing on Spotlight Stock Market. In connection with this, the Company published the listing memorandum prepared as part of the continued listing process.

For further information, please contact:
Mark McLoughlin - CEO
Solution International Nordics AB (publ)
ir@solutioninternational.com
www.solutioninternational.com