The Group’s unaudited consolidated net turnover for the first quarter of FY 2026/2027 was EUR 17.01 million, an increase of 117% compared to the corresponding period of the previous financial year. The Group closed the quarter with an unaudited profit of EUR 3.75 million, compared to a profit of EUR 693 thousand in the first quarter of the previous financial year.

Turnover in the North American and Latin American region amounted to EUR 4.25 million, representing 25% of the Group’s total turnover, an increase of 6% compared to the corresponding period of the previous financial year.

Turnover in the European region reached EUR 11.12 million, representing 65% of total turnover, an increase of 256%. The significant growth in sales was driven by the expansion of the Group’s product portfolio and the fulfillment of several large orders. Turnover in the Asia, Africa and Middle East region increased by 142%, reaching EUR 1.64 million, or approximately 10% of total turnover.

During the reporting quarter, the Group’s products were sold in 73 countries.

The increase in the Group’s profit was driven by higher sales volumes, including the fulfillment of several large orders, as well as improvements in production capacity.

The Group continues to invest in the development of new products and the expansion of production capacity in Latvia, while strengthening its in-house capabilities and mitigating potential supply chain risks.

The Company aims to stabilize turnover at a level that ensures a positive net result over the long term. The Board of SAF Tehnika remains cautious and refrains from providing specific forecasts for sales and operating results.

 About SAF Tehnika:

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC, which operates from Denver, CO, USA and serves the North American market and “SAF Tehnika Asia PTE” LTD in Singapore. 

         Additional information:
         Zane Jozepa
         CFO, Member of the Management Board
         zane.jozepa@saftehnika.com
         www.saftehnika.com