Västra Hamnen Corp. Finance

• Cautious market climate hampers sales growth
• Positive adjusted EBITDA and cash flow
• We keep our fair value of SEK 4.89 per share

Precise Biometrics reported net revenues of MSEK 17 in the first quarter of 2026, in line with Q4 2025 but below our expectation of MSEK 21. Cost control contributed to a positive adjusted EBITDA and positive operating cash flow. The market climate remains cautious, but the long-term trends in biometric identification persist. In the coming quarter, we will be updating our model to incorporate the merger with Fingerprint Cards and the announced rights issue of MSEK 110.

The full report is available here.