公告日期：2025-12-31

2020

Asetek A/S

Skjoldet 20

9230 Svenstrup J

Denmark

Financial Reporting for the period

January 1 to September 30, 2025

Published December 19, 2025

Company Registration (CVR) Number 34 88 05 22

Highlights

Nine months year-to-date revenue of $30.9 million, and adjusted EBITDA of ($0.7) million
compared to $37.1 million and ($0.3) million in 2024, respectively

Signed major agreement with global customer for high-end liquid cooling solutions with
estimated minimum commitment of $35 million over the first two-year term

Year-to-date SimSports revenue at $3.8 million, in line with expectations as U.S. import
tariffs continue to impact demand ($5.4 million in first nine months of 2024)

Group revenue expectation for 2025 adjusted to around $41 million (previously $45 to $53
million) with adjusted EBITDA margin at negative 3-5% (0% to 3%)

Raised mid-term Liquid Cooling segment revenue-ambition

Key figures

Summary

Financial Asetek reported revenue for the first nine months of 2025 totaling $30.9 million compared
results with $37.1 million in the same period of 2024. The change in revenue mainly reflects fewer
shipments of liquid cooling products.

Gross margin was 44% for the first nine months, compared with 42% in the respective
period of 2024. The gross margin increase is principally due to a supply chain issue
recognized in September 2024.

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