Vitrolife

Fourth quarter

•          Sales of SEK 891 (959) million, organic growth in local currencies excluding discontinued business* were 6%, 3% growth in local currencies and 7% decrease in SEK, due to a significant currency impact of -10%.

•          Sales per region, in local currencies, were -1% in EMEA excluding discontinued business, +9% in Americas and +10% in APAC.

•          Sales per product group, in local currencies excluding discontinued business, were +10% in Consumables, +6% in Technologies and +1% in Genetics.

•          Gross margin decreased to 58.0% (61.1). Gross margin excluding restructuring costs was 58.6% (61.1).

•          Earnings before depreciation and amortisation (EBITDA) amounted to SEK 196 (337) million, resulting in an EBITDA margin of 22.0% (35.1). EBITDA excluding restructuring costs amounted to SEK 251 (337) million, resulting in an EBITDA margin of 28.2% (35.1) impacted by negative currency effect.

•          Restructuring costs of SEK 55 million whereof SEK 6 million in COGS and SEK 49 million in operating expenses.

•          An impairment charge of SEK 5,357 million was reported as other operating expenses.

•          Net income amounted to SEK -5,314 (139) million, resulting in earnings per share of SEK -39.24 (1.02). Net income excluding the impairment charge and restructuring costs amounted to SEK 89 million (139), resulting in earnings per share of SEK 0.66 (1.02).

•          Operating cash flow amounted to SEK 160 (268) million.

Full year

•          Sales of SEK 3,440 (3,609) million, organic growth in local currencies excluding discontinued business was 4%, 2% growth in local currencies and 5% decrease in SEK, due to a significant currency impact of -6%.

•          Sales per region, in local currencies, were +5% in EMEA excluding discontinued business, +8% in Americas and -1% in APAC.

•          Sales per product group, in local currencies excluding discontinued business, were +8% in Consumables, +1% in Technologies and +3% in Genetics.

•          Gross margin decreased to 58.1% (59.3). Gross margin excluding restructuring costs was 58.2% (59.3).

•          Earnings before depreciation and amortisation (EBITDA) amounted to SEK 949 (1,225) million, resulting in an EBITDA margin of 27.6% (34.0). EBITDA excluding restructuring costs amounted to SEK 1,004 (1,225) million, resulting in an EBITDA margin of 29.2% (34.0) significantly impacted by negative currency effect.

•          Restructuring costs of SEK 55 million whereof SEK 6 million in COGS and SEK 49 million in operating expenses.

•          An impairment charge of SEK 5,357 million was reported as other operating expenses.

•          Net income amounted to SEK -5,013 (514) million, resulting in earnings per share of SEK -37.01 (3.78). Net income excluding the impairment charge and restructuring costs amounted to SEK 390 million (514), resulting in earnings per share of SEK 2.89 (3.78).

•          Operating cash flow amounted to SEK 635 (907) million.

Dividend

•          The Board to propose to the Annual General Meeting a dividend of SEK 149 (149) million, corresponding to SEK 1.10 (1.10) per share.

* Discontinued business refers to discontinued activities in certain markets in EMEA.

Gothenburg, February 3, 2026

VITROLIFE AB (publ)

Bronwyn Brophy O´Connor, CEO