Core Viewpoint - Rapala VMC Corporation has established a new Performance Share Plan for the period 2026-2028, aimed at incentivizing key employees through performance-based rewards tied to specific financial metrics [1][2]. Group 1: Performance Share Plan Details - The Performance Share Plan 2025-2029 includes three performance periods: 2025-2027, 2026-2028, and 2027-2029 [1]. - For the 2026-2028 performance period, the target group consists of approximately 65 key employees, including the Management Team and the CEO [3]. - The performance criteria for this period are linked to Leverage, EBIT, and Total Shareholder Return, with full rewards contingent on participants investing in Rapala VMC shares [3]. Group 2: Reward Structure - The maximum potential rewards for the 2026-2028 period correspond to 552,000 shares of Rapala VMC, with a portion to be paid in cash to cover taxes and social security contributions [4]. - Key employees must maintain a certain level of shareholding: Management Team members must hold shares worth 50% of their annual base salary, while the CEO must hold shares worth 100% of their annual base salary until their positions continue [5]. Group 3: Company Overview - Rapala VMC Group is a leading fishing tackle company with a significant distribution network and a global market leader in fishing lures, treble hooks, and related tools [6]. - The company reported net sales of EUR 228 million in 2025 and employs approximately 1,400 people across 40 countries [6].

Core Insights - Rapala VMC Corporation reported a 3% increase in net sales for FY 2025, reaching 227.5 MEUR compared to 220.9 MEUR in FY 2024, with a 6% organic growth when adjusted for comparable exchange rates [7][10] - The comparable operating profit increased by 35% to 8.4 MEUR from 6.2 MEUR in the previous year, driven by increased sales and controlled operating expenses [4][7] - The company faced a net loss of 4.9 MEUR for the year, primarily due to non-cash foreign currency translation losses from discontinued manufacturing operations [7][27] Financial Performance - In H2 2025, net sales were 102.0 MEUR, up 2% from 100.4 MEUR in H2 2024, with comparable exchange rates indicating a 6% increase [8][23] - The reported operating profit for FY 2025 was 4.2 MEUR, down 51% from 8.6 MEUR in FY 2024, while the comparable operating profit margin improved to 3.7% from 2.8% [24][25] - Cash flow from operations decreased significantly to 5.5 MEUR from 23.4 MEUR in the previous year, impacted by inventory value increases due to tariffs [30][40] Market Environment - The North American market showed resilience with a 10% increase in sales, while the Nordic market experienced a 9% decline due to poor snow conditions affecting winter sports equipment sales [11][14][21] - Sales in the Rest of Europe decreased by 4%, with subdued consumer activity and cautious retailer replenishment orders [16][21] - The Rest of the World saw a 1% increase in sales, with Latin America performing well due to economic recovery, contrasting with declines in Asian markets due to trade disputes [18][19][20] Strategic Initiatives - The company is focused on long-term brand building through innovation, operational excellence, and strong supplier partnerships, with a commitment to streamline operations and reduce the breakeven point [5][52] - The strategic vision includes becoming a market leader in sport fishing by enhancing brand value and operational efficiency, with a focus on maximizing existing assets and expanding the flagship Rapala brand [51][54] - The product development pipeline remains strong, with recent innovations receiving global recognition at industry trade shows, indicating a positive trajectory for future sales [60][67] Organizational Changes - The average number of personnel increased to 1,408 from 1,353 in the previous year, reflecting ongoing organizational stabilization efforts under new leadership [69][72] - Key appointments include Cyrille Viellard as the new President and CEO, effective March 2025, and Travis Tuma as President of Rapala VMC USA, effective January 2026 [70][71]

Core Viewpoint - Rapala VMC Corporation has announced a new distribution agreement with Okuma Fishing Tackle Co Ltd in Australia, effective February 1, 2026, which will enhance its product portfolio and service capabilities for anglers across various fishing environments [1][2][3]. Group 1: Strategic Expansion - The addition of Okuma's products strengthens Rapala Australia's overall offering, allowing it to serve anglers in both freshwater and saltwater environments, as well as inshore and offshore applications [2][3]. - This agreement represents a strategic expansion of Rapala Australia's product portfolio, enhancing service for retail partners and anglers nationwide [3]. Group 2: Global Cooperation - The partnership reinforces the global cooperation between Okuma and Rapala VMC, supporting continued collaboration in delivering innovative and high-performing tackle solutions [4]. - The agreement is seen as a long-term strategic move for Okuma, as expressed by its Chairman, Charles Chang [5]. Group 3: Leadership and Growth Opportunities - Rapala VMC's leadership, under Tim Morgan, is optimistic about the growth opportunities presented by the addition of Okuma to their brand portfolio [7]. - The partnership is expected to create further synergies between the countries representing Okuma, as noted by Cyrille Viellard, President & CEO of Rapala VMC [6]. Group 4: Company Overview - Rapala VMC Group is a leading fishing tackle company with a significant distribution network and a diverse brand portfolio, including brands like Rapala, VMC, Sufix, and 13 Fishing [8]. - The company reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [8].

Core Points - Rapala VMC Corporation will transition to quarterly financial reporting starting in 2026 [1][2] - The company will implement a 30-day silent period prior to the release of its financial results [2] - The Financial Statements and Board of Directors' Report for 2025 will be published on April 8, 2026 [3] Financial Calendar - Financial Statement Release for 2025 is scheduled for March 11, 2026 [5] - Business Review for Q1 2026 will be published on May 13, 2026 [5] - Half-Year Financial Report for January-June 2026 is set for August 20, 2026 [5] - Business Review for Q3 2026 will be released on October 29, 2026 [5] Company Overview - Rapala VMC Group is the world's leading fishing tackle company with a significant distribution network [4] - The Group reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [4] - The company is listed on the Nasdaq Helsinki stock exchange since 1998 [4]

Core Viewpoint - Rapala VMC Corporation is redeeming its existing hybrid capital securities, reflecting a strategic financial decision to manage its capital structure effectively [3][4][5]. Group 1: Redemption of Capital Securities - Rapala VMC will redeem all outstanding Existing Capital Securities amounting to EUR 1,500,000, which is 5.00% of the initial nominal amount of EUR 30 million [4]. - The redemption will occur on December 12, 2025, at a price of 101% of the nominal amount plus any accrued interest [5]. - This redemption notice is irrevocable, and all redeemed securities will be cancelled [6]. Group 2: Company Overview - Rapala VMC Group is a leading global fishing tackle company with a significant distribution network [6]. - The company reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [6]. - The Group's brand portfolio includes well-known names such as Rapala, VMC, Sufix, and 13 Fishing, with manufacturing facilities located in Finland, France, Estonia, and the UK [6].

Core Viewpoint - Rapala VMC Corporation is redeeming its existing hybrid capital securities, reflecting a strategic financial decision to manage its capital structure effectively [3][4][5]. Group 1: Redemption of Capital Securities - Rapala VMC will redeem all outstanding Existing Capital Securities amounting to EUR 1,500,000, which is 5.00% of the initial nominal amount of EUR 30 million [4]. - The redemption will occur on December 12, 2025, at a price of 101% of the nominal amount plus any accrued interest [5]. - This redemption notice is irrevocable, and all redeemed securities will be cancelled [6]. Group 2: Company Overview - Rapala VMC Group is a leading global fishing tackle company with a significant distribution network [6]. - The company reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [6]. - The Group's brand portfolio includes well-known names such as Rapala, VMC, Sufix, and 13 Fishing, with manufacturing facilities located in Finland, France, Estonia, and the UK [6].

Core Viewpoint - Rapala VMC Corporation has successfully completed a tender offer for its existing hybrid capital securities, with a significant portion of the securities being tendered for purchase, indicating strong participation from holders [2][4][5]. Group 1: Tender Offer Details - The tender offer was initiated for holders of existing capital securities with a nominal amount of EUR 30 million, and the expiration deadline was set for November 24, 2025 [2][4]. - A total of EUR 28.5 million of the existing capital securities were validly tendered by holders for purchase [4]. - The purchase price for the existing capital securities is set at EUR 20,700 for every EUR 20,000 in principal amount, with accrued and unpaid interest to be paid on accepted securities [6]. Group 2: Shareholder Participation - Viellard Migeon Et Compagnie Sa, the largest shareholder of Rapala VMC, participated in the tender offer by tendering EUR 7.2 million of its holdings [7]. Group 3: Future Actions - Rapala VMC intends to utilize a clean-up call option if the adjusted nominal amount of the existing capital securities falls to 25% or less of the total issued amount, with a separate notice to be published around the settlement date [8]. - The settlement date for the tender offer is expected to be November 27, 2025, at which point all purchased securities will be cancelled [6]. Group 4: Company Overview - Rapala VMC is recognized as the world's leading fishing tackle company, with a diverse brand portfolio and a significant distribution network [10]. - The company reported net sales of EUR 221 million in 2024 and operates manufacturing facilities in multiple countries, employing approximately 1,400 people [10].

Core Viewpoint - Rapala VMC Corporation has issued hybrid capital securities amounting to EUR 25 million, with a fixed coupon interest of 9.000% per annum until November 27, 2028, after which a floating interest rate will apply [2][3][4]. Group 1: Capital Securities Details - The Capital Securities do not have a specified maturity date, allowing Rapala VMC to redeem them at their nominal amount on the Reset Date and subsequently on each interest payment date thereafter [2]. - The proceeds from the issuance will be used to refinance existing hybrid capital securities issued on November 29, 2023, with an initial nominal amount of EUR 30 million, as well as for general corporate purposes [6]. Group 2: Shareholder Participation - Viellard Migeon Et Compagnie Sa, Rapala VMC's largest shareholder, rolled over EUR 7.2 million of its existing holding into the new Capital Securities issue and subscribed for an additional EUR 3.1 million due to strong investor interest [3]. Group 3: Financial Position and Strategy - The issuance of Capital Securities reflects positive developments in Rapala VMC's performance and confirms the relevance of its strategic direction, as stated by the President and CEO [4]. - The Capital Securities are subordinated to other debt obligations and treated as equity in the company's consolidated financial statements under IFRS, without conferring shareholder rights or diluting current shareholders' holdings [5]. Group 4: Company Overview - Rapala VMC Group is a leading global fishing tackle company with net sales of EUR 221 million in 2024 and operates in approximately 40 countries, employing around 1,400 people [7].

Core Viewpoint - Rapala VMC Corporation is planning to issue new euro-denominated hybrid capital securities amounting to up to EUR 25 million, while also inviting holders of existing hybrid capital securities to tender them for cash as part of a proactive debt management strategy [2][4][15]. Group 1: New Capital Securities - The new capital securities will be subordinated to existing debt obligations and treated as equity in the financial statements [3]. - The issuance is subject to market conditions and is intended to refinance existing capital securities and support general corporate purposes [2][15]. - The largest shareholder, Viellard Migeon Et Compagnie Sa, will roll over EUR 7.2 million of its existing holdings into the new capital securities [5]. Group 2: Tender Offer - The tender offer invites holders of existing capital securities, initially issued with a nominal amount of EUR 30 million, to tender their securities for cash [4]. - The purchase price for the existing capital securities is set at EUR 20,700 per EUR 20,000 in principal amount [12]. - The tender offer period is expected to expire on November 24, 2025, with settlement anticipated around November 27, 2025 [14]. Group 3: Refinancing and Financial Covenants - Rapala VMC has secured EUR 91.5 million in senior secured term and revolving facilities for refinancing existing loans and general corporate purposes [8]. - Completion of the new capital securities issuance and the tender offer is a precondition for the refinancing [9]. - Financial covenants related to leverage ratios and minimum liquidity will be regularly tested [10].

Core Insights - Rapala VMC Corporation has appointed Travis Tuma to the Global Management Team, effective immediately, highlighting the company's focus on strengthening its leadership in the U.S. market [1][3] - Tuma, who has been with Rapala VMC USA since 2006, will assume the role of President of Rapala VMC USA on January 1, 2026, as the current President transitions to a new role in Europe [2] - The company emphasizes Tuma's strong sales focus and deep knowledge of the U.S. market, which is crucial for the company's growth strategy [3] Company Overview - Rapala VMC Corporation is recognized as the world's leading fishing tackle company, with a significant distribution network and a strong market presence in fishing lures, treble hooks, and related tools [4] - The company reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [4] - The company's brand portfolio includes well-known brands such as Rapala, VMC, Sufix, 13 Fishing, and Okuma, reinforcing its position in the fishing tackle industry [4]