Suominen Corporation on August 7, 2026, at 9:00 a.m. (EEST) released its half-year financial report for January 1–June 30, 2026, saying net sales and comparable EBITDA improved in the second quarter.

In this financial report, figures shown in brackets refer to the comparison period last year unless otherwise stated.

April–June 2026 in brief

• Net sales increased 5.8% to EUR 105.6 million, from EUR 99.8 million.
• Comparable EBITDA was EUR 4.3 million, compared with EUR 3.2 million.
• Cash flow from operations was EUR -4.5 million, compared with EUR -10.1 million.
• Gearing was 51.6%, down from 85.5%, following a successful rights issue.

January–June 2026 in brief

• Net sales decreased 7.4% to EUR 201.2 million, from EUR 217.3 million.
• Comparable EBITDA was EUR 6.5 million, compared with EUR 7.3 million.
• Cash flow from operations was EUR 0.0 million, compared with EUR -10.5 million.

Outlook for 2026

Suominen expects its comparable EBITDA in 2026 to improve from 2025. In 2025, the company's comparable EBITDA was EUR 12.6 million.

Key figures

The rights issue was implemented in June 2026, and gross proceeds of EUR 27.8 million were received in July 2026. The number of shares, share price and key ratios for the current and comparative periods have been restated accordingly.

CEO review

Charles Héaulmé, President and CEO of Suominen, said that nonwoven market demand remained stable in the first half of 2026, while geopolitical instability continued to disrupt supply and increase raw material and energy costs. He said Suominen maintained good availability of raw materials throughout the period.

To address cost inflation, the company moved from its standard quarterly pricing mechanism to monthly pricing where possible. Héaulmé said the margin recovery was delayed because of the time lag between higher costs and price adjustments.

In the second quarter, net sales increased to EUR 105.6 million from EUR 99.8 million. The company said the increase was supported by higher production volumes and early improvements in operational efficiency. Comparable EBITDA rose to EUR 4.3 million from EUR 3.2 million, helped by lower fixed costs and early benefits from the company's profitability improvement program. The Q2 comparable EBITDA margin of roughly 4% underscores the scale of improvement still needed to reach management's longer-term target.

Suominen launched its Full Potential Program in January 2026 with the aim of improving profitability and reaching a 10% EBITDA margin. The company said the program advanced from the planning phase to execution during the reporting period. It focuses on improving production and supply, operational efficiency and commercial capabilities.

At the end of the second quarter, after delays caused by technical issues were resolved, Suominen began qualification of its new production line in Alicante, Spain, which is dedicated to sustainable nonwovens. The line positions Suominen to serve growing demand for plastic-free and bio-based wipe materials, an area where regulators and brand owners across Europe are tightening requirements.

The company also reported external recognition for workplace safety and culture. Its Nakkila plant in Finland received the highest possible classification from the Vision Zero Forum, which Suominen said highlights its long-term systematic safety work. Its Paulínia plant in Brazil marked 14 years without lost-time accidents and was recognized for the third consecutive year in the Great Place to Work® awards.

As announced in May, Suominen launched a capital raise to strengthen its balance sheet and accelerate implementation of the Full Potential Program. The company said it successfully completed an oversubscribed rights issue at the end of the second quarter and received gross proceeds of approximately EUR 28 million from the offering at the beginning of July. The reduction in gearing from 85.5% to 51.6% marks a material deleveraging for a company of Suominen's size, lowering its sensitivity to further cost or demand shocks.

Héaulmé thanked shareholders for their support and confidence in Suominen's future, saying the capital raise is an important step in strengthening the company's financial position and supporting execution of its strategy.

“We remain focused and committed to improving performance and creating sustainable value for our customers and stakeholders,” he said.

Webcast and conference call

Charles Héaulmé, President and CEO, and Kimmo Raunio, CFO, will present the results in English in a webcast and conference call for analysts, investors and media on August 7 at 10:30 a.m. (EEST).

The webcast can be followed at . The recording of the audiocast and the presentation material will be available after the event at www.suominen.fi .

Conference call participants can access the teleconference by registering at . The phone numbers and a conference ID to access the conference will be provided after registration.

Next financial report

Suominen Corporation will publish its Interim Report for January–September 2026 on November 5, 2026, approximately at 9:00 a.m. (EET).

About Suominen

Suominen manufactures nonwovens as roll goods for wipes and other applications. The company says its vision is to be the frontrunner for nonwovens innovation and sustainability. Suominen's nonwoven end products are used in daily life worldwide. Its net sales in 2025 were EUR 412.4 million, and it has almost 700 professionals working in Europe and the Americas. Suominen's shares are listed on Nasdaq Helsinki.

For additional information, please contact:

• Charles Héaulmé, President & CEO, tel. +358 10 214 3268
• Kimmo Raunio, CFO, tel. +358 10 214 3053

Distribution: Nasdaq Helsinki, Main media, www.suominen.fi

Attachment: Suominen Interim report Q2 2026