Smartoptics Group ASA (SMOP) - Q2 2026 Financial Results

13 Jul 2026 06:00 CEST

Oslo, Norway - July 13, 2026 - Smartoptics Group ASA (Smartoptics, OSE: SMOP)
today reported another record quarter, with revenue increasing 55 percent year
-on-year to USD 28.9 million and EBITDA margin improving by two percentage
points to 15.5 percent. Gross margin was 46.1 percent, down from 48.6 percent in
the same period in 2025.

The strong performance was driven by increasing customer activity across key
markets, continued traction with larger accounts, and growing adoption of
Smartoptics' solutions across a broader range of optical networking
applications.

In conjunction with the second quarter results, Smartoptics is introducing
updated financial aspirations reflecting a significantly larger long-term market
opportunity and the next phase of the company's growth strategy.

"We delivered yet another all-time high quarterly result, while investing in the
next growth phase for Smartoptics," said Magnus Grenfeldt, CEO of Smartoptics,
and continued:

"Over the past several years, we have systematically invested in strengthening
our technology platform and expanding our product portfolio. These investments
are opening opportunities beyond our traditional metro markets and position
Smartoptics to address higher-capacity and longer-reach applications. As a
result, we are introducing new financial aspirations reflecting both a larger
addressable market opportunity and our confidence in the company's long-term
growth potential."

Historically, Smartoptics has primarily addressed the metro optical networking
market, representing an addressable market of approximately USD 5 billion. As
the company continues to execute on its technology roadmap and investment
program, it expects to become increasingly relevant for both metro and long-haul
fiber optic applications, expanding its addressable market opportunity to
approximately USD 11.5 billion. Industry forecasts indicate that this
opportunity could grow further to approximately USD 14 billion by 2029.

Against this backdrop, Smartoptics is introducing updated financial aspirations
for the next phase of the company's development. The company sees the potential
to grow revenue to USD 300-400 million and beyond over time, corresponding to
average annual growth exceeding 25 percent from 2026, while targeting an EBIT
margin above 16 percent in the second half of the planning period.

"Importantly, our confidence is not based on market growth alone. Over the past
several years, Smartoptics has consistently outperformed the underlying market
and steadily strengthened its position within our core segments. Combined with
growing traction among larger customers and the opportunities created by the
investments we are making, this gives us confidence in our ability to continue
gaining market share in the years ahead," said Grenfeldt.

The report and presentation for the second quarter of 2026 are enclosed.

-ENDS-
Quarterly presentation

Smartoptics will host a webcast presentation of the results by CEO Magnus
Grenfeldt and CFO Stefan Karlsson at 08:00 CEST.

Date: Monday, July 13, 2026

Time: 08:00 CEST

Webcast presentation link: https://qcnl.tv/p/aVvSz7quLXQq10Z5YgIsWg

A recorded version of the presentation will be available after the live stream
is concluded.

For more information, please contact:

Magnus Grenfeldt

CEO, Smartoptics

Telephone: +46 73 366 88 77

Email: magnus.grenfeldt@smartoptics.com

About Smartoptics

Smartoptics provides innovative optical networking solutions and devices for the
new era of open networking. Our customer base includes thousands of enterprises,
governments, cloud providers, Internet exchanges as well as cable and telecom
operators. We have an open networking approach in everything we do which allows
our customers to break unwanted vendor lock-in, remain flexible and minimize
costs. Our solutions are used in metro and regional network applications that
increasingly rely on data center services and specifications. Smartoptics is a
Scandinavian company founded in 2006. We partner with leading technology and
network solution providers such as Brocade, Cisco and Dell and have a global
reach through more than 100 business partners.
For additional information about Smartoptics, please visit smartoptics.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Per Burman, Chief Marketing Officer of
Smartoptics, at the time and date set out above.

More information:
Access the news on Oslo Bors NewsWeb site

678034_Smartoptics_Q2_2026_Financial_Presentation.pdf
678034_Smartoptics_Q2_2026_PR.pdf
678034_Smartoptics_Q2_2026_report.pdf