(Arendal, Norway / Sherbrooke, QC, Canada - 7 May 2026)

Tekna delivered its third consecutive quarter of positive adjusted EBITDA,
confirming a structural shift in the company's profitability. Revenues grew 19%
to CAD 10.0 million on strong defense, aerospace and medical demand, with two
new medical customers added in the period. Order intake was down from record
levels in Q1 2025, but the quality of the order book improved, with a growing
share of larger, recurring customers underpinned by a positive additive
manufacturing market.

Comment from the CEO, Claude Jean: "This quarter marks another important
milestone for Tekna, with our third consecutive quarter of positive adjusted
EBITDA supported by high contribution margin and disciplined cost control.
Strong Materials growth reflects disciplined commercial delivery and growing
customer order size in our core aerospace and defense markets. Operationally,
the team delivered steady improvements with yield and efficiencies gains
strengthening unit economics and scalability. Order intake in Systems remains
below our ambitions, but we are encouraged by a strong and active pipeline.
Overall, these results reflect disciplined execution and continued progress
toward profitable growth and value creation."

Q1 2026 HIGHLIGHTS
(Figures in parentheses refer to the same period the previous year)
o Revenues increased 19% year over year to CAD 10.0 million, driven by increased
Material sales
o 54% contribution margin, up from 51% in Q1 2025 driven by Systems margin
recovery
o Adjusted EBITDA of CAD 0.2 million, reflecting a margin of 2.0% and third
consecutive positive quarter
o Materials order intake was CAD 7.4 million (CAD 12.6 million), driven by large
aerospace and defense orders
o Systems order intake was CAD 1.8 million (CAD 0.2 million)
o Total backlog amounted to CAD 20.1 million at period end, down 6%
year-over-year
o Two key Materials tier-1 aerospace and defense customers confirmed significant
increase in monthly consumption
o Indirect cost reductions delivered recurring savings. Headcount stood at 152
employees at quarter end (177). Restructuring costs of CAD 0.2 million were
recognized in the quarter
o Net Working Capital improved to CAD 10.6 million, 28.4% of trailing revenues
(CAD 16.8 million, 45.4%), mainly driven by positive developments in inventory
and trade receivables and payables

Reshoring and localized manufacturing trends bolster growth in additive
manufacturing and long-term demand for Tekna's products. The observed Materials
order intake and increasing customer order size, coupled with current market
trends, support Tekna's long-term ambitions of growing the top-line double-digit
per year towards 2030.

FIRST QUARTER PRESENTATION 
Tekna will present its financial results for the first quarter of 2026 in a
webcast today, Thursday 7 May 2026, at 15:00 CEST.
Webcast link: https://investorweb.co/webcastdetail?id=69ef39d85428719f926aef9c

The presentation and following Q&A session will be hosted by CEO Claude Jean and
CFO Espen Schie. Questions may be submitted in writing at any time during the
presentation, and a recording of the presentation will be made available on the
company's website after the live event has concluded.  
The Q1 2026 materials are enclosed and available on the company's website.

ATTACHMENTS
o 26Q1 Interim report.pdf
o 26Q1 Presentation.pdf
o This announcement in PDF.pdf

DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS
Arina Van Oost, Investor Relations | VP Corporate Strategic Development, Tekna
Holding ASA,
+33670115190, investors@tekna.com

ABOUT TEKNA HOLDING ASA
Tekna is a world-leading provider of sustainable, advanced material solutions,
headquartered in Sherbrooke, Canada. The company specializes in high-purity
metal powders used in critical applications such as additive manufacturing (3D
printing) across the aerospace, defense, medical and consumer electronics
industries. 
Tekna also develops cutting-edge induction plasma systems designed for both
industrial research and production. Its unique, IP-protected plasma technology
is powering its hypersonic wind tunnels, PlasmaSonic, which enable simulating
material exposure conditions in space. 
With over 30 years of experience, Tekna is a trusted partner to a broad
portfolio of multinational blue-chip customers for its high-quality products and
innovation. Its material solutions help enhance productivity, enable more
efficient use of materials and support the transition to more resilient supply
chains and a circular economy.
 
https://www.tekna.com
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