Revenue NOK 236m (ARCe/Cons: 227/223), +6% y/y proformaAdj. Cash-EBITDA NOK 28 (ARCe: 28), +52% y/y proformaIntroducing financial targets: 6-9% organic revenue growth and 12-15% Cash-EBITDA margin (in line with ARCe)Introducing another cost reduction program of >NOK 20m for 2026Q3 and new targets de-risks ARCe (upside beyond 2027), in which Spir trades at 8.4x EBITA, 11x cEPS and 13% FCF yield in 2026