Corporate restructuring proceedings of Summa Defence Plc and Summa Holding Oy continue – the administrator has prepared preliminary assessments of the restructuring proceedings.

In the preliminary assessment, the administrator stated the following regarding the Company’s financial position and the planned reorganization measures:

Except for the Aquamec transaction and the sale of the Watermaster business announced by company release on 20 October 2026, there have been no material changes in the Company’s financial position since the commencement of the restructuring proceedings. The Company’s liquidity position remains challenging. The Company continues to adjust its costs and to explore financing and transaction alternatives in order to secure the continuity of its operations. The Company’s financial position is tied to the business development of the group companies and their ability to meet their obligations to the Company. The success of the restructuring requires obtaining new capital in addition to other reorganization measures.

The reorganization of the group structure and the evaluation of strategic alternatives have been continued during the restructuring proceedings. The alternatives being assessed include various financing and transaction alternatives, including arrangements relating to the simplification of the group structure. As part of this, the Company has also begun to explore, as one alternative, the prerequisites for a controlled wind-down of loss-making subsidiaries, with the aim of reducing the subsidiaries’ financing needs within the group.

In the administrator’s view, successful restructurings of the Company and Summa Holding Oy require that the group’s core business continues and can be developed. This requires either obtaining new financing or, potentially, corporate transactions involving the group companies.

Evaluations and plans concerning the group structure and the companies potentially subject to corporate transactions are ongoing, and the Company will announce the proposal for a restructuring program and material developments in the proceedings in accordance with applicable disclosure obligations.

“The administrator’s assessment that the restructuring proceedings may be continued supports our view that restructuring is the right path to seek to secure the continuity of the group’s core business. We are now focusing on exploring alternatives relating to obtaining new financing and simplifying the group structure. We are working closely with the administrator in the preparation for the proposal for a restructuring program, and together with our creditors we are seeking a solution that leads to a good outcome for them and our other stakeholders,” says CEO Robert Blumberg.

SUMMA DEFENCE PLC