Flat Capital’s Defensor expects 2026 pro forma revenue to exceed SEK 1 billion

• Defensor expects 2026 pro forma revenue above SEK 1 billion, including 100% of subsidiaries' full-year revenue.
• The EBITA margin is forecast at approximately 25%, broadly unchanged from the previous year.
• Growth has been driven primarily by the C-UAS capability area.
• The group has made substantial investments in production capacity, specialist expertise and product development.
• Flat Capital owns approximately 59% of Defensor, representing approximately 22% of its net asset value as of September 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flat Capital AB published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.