Joakim Nideborn
CFO & Deputy CEO

All right. Good afternoon from a snowy Sweden on this cold February day. So welcome to this meeting. We will run an HMS investor briefing for about an hour. And we’ve been doing this a couple of times. We’ve had a — sometimes we have a pretty high demand for one-to-one meetings, and we don’t have really the time to take all of them. So instead, we do these briefings where we take a few people together and talk about the company.

This is primarily for you who are fairly new to HMS. So I will do like maybe a 20-minute introduction. I will cover the financials for 2025 briefly as well. And then we will open up for Q&A for the rest of the session. And we — so we have 1 hour in total and feel free to ask questions after a while. So for the first part, you will be on mute and then I will open up for you to be able to ask questions.

So I will start with the presentation, and we will then run this introduction, financial summary and then Q&A.

So HMS, we have today since reorganization since a year ago, we have now 3 divisions in the business. We’re in the Industrial ICT business, Industrial Information and Communication Technology. If we start with the first division, the Industrial Data Solutions, which is about 46% of our sales in 2025, we have a pretty wide offer within connecting, secure and diagnose your Industrial Data Solutions and also visualize the content. And we do this through remote access and remote data as we call it. So you can actually

NSE said the IPO will involve the listing of its equity shares on one or more recognised Indian stock exchanges, subject to applicable regulatory approvals, prevailing market conditions and other relevant factors.

The development comes soon after NSE recently received a no-objection from market regulator Sebi to proceed with its IPO, ending a decade-long wait for approval for its public issue.

As part of the listing preparations, the board also approved the reconstitution of its IPO Committee, which will carry out activities specifically delegated by the governing board for facilitating the IPO process.

The reconstituted committee will be chaired by Tablesh Pandey and will include public interest directors Srinivas Injeti, Prof Mamata Biswal, Abhilasha Kumari, and Prof Sivakumar, along with NSE Managing Director and CEO Ashish Chauhan.

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The committee is expected to serve as the central authority for the listing process, including defining listing procedures and establishing criteria for appointing merchant bankers and legal advisors required to draft the Red Herring Prospectus (DRHP).
The proposed IPO is expected to be among the largest in India’s capital markets, given NSE’s scale and dominance in the domestic equity derivatives market. NSE has around 1.77 lakh shareholders and is valued at over Rs 5 lakh crore in the grey market, according to various analysts.The listing is widely being watched as a landmark event for India’s capital markets ecosystem, given NSE’s role as the country’s largest stock exchange by volumes and its central position in the financial market infrastructure.

Q4: 2026-02-05 Earnings Summary

EPS of $6.67 beats by $0.01

 | Revenue of $4.68B (3.82% Y/Y) misses by $228.37M

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The Development Bank of Wales participated in the firm’s Series A funding round

Fintech venture Sidekick, which has developed a digital wealth platform for professionals, has raised £7.8m in Series A funding round. The investment will accelerate the company’s expansion in Wales, where it has established an operational hub in Cardiff – at Tramshed Tech- and support its mission to make sophisticated investment tools more accessible beyond traditional private banking.

The round is led by Eos Ventures and the Development Bank of Wales, with participation from Koro Capital and existing investors Seedcamp, MS&AD Ventures, TheVentureCity, PactVC, Blackwood, 1818 Venture Capital and Semantic Ventures.

London headquartered Sidekick was founded in 2022 to modernise wealth management for professionals whose financial needs have outgrown entry-level investing apps.

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The platform brings together long-term investing, personalised portfolios, private markets and Lombard lending – a form of borrowing against an investment portfolio that allows customers to access liquidity without selling assets. This type of lending has traditionally only been available through private banks in the UK.

The platform now supports more than £145m in total assets across its customer base, reflecting growing demand from professionals seeking greater control and transparency as their financial needs evolve.

Matt Ford, founder and chief executive of Sidekick, said: “A lot of hardworking professionals look like they’re doing well on paper, but still feel unsure whether they’re actually making the most of their money. They’ve outgrown entry-level investing tools, yet traditional wealth management often feels over complicated and expensive for what it delivers. Sidekick is designed to remove unnecessary complexity and give people access to investment tools that have traditionally sat inside private banking. This funding allows us to scale that approach, expand our investment offering and reach more people who want transparency rather than complexity.”

The funding will be used to grow Sidekick’s team, accelerate product development and support continued customer growth.

The development bank said that Sidekick currently has a small team at its new hub, but this is expected to grow significantly over the coming months. It is creating roles cross customer service, compliance and operations.

Jack Christopher, investment executive at the Development Bank of Wales, said: “Our investment in Sidekick reflects our long‑term commitment to backing ambitious tech businesses in Wales. The company is building high‑value products, creating skilled jobs and contributing real economic impact. By providing the growth capital that underpins innovative firms like Sidekick, we’re helping to strengthen Wales’ tech ecosystem and support the next generation of companies shaping the future of financial services.”

James Tootell, partner at Eos Ventures, said: “Over the last decade technology has transformed financial services – from trading and everyday banking to credit and insurance – yet private banking has largely been left behind. Sidekick is applying the same modern, digital approach to wealth, delivering greater access, transparency and control to a segment that has traditionally been underserved.”

If you’re dealing with multiple missing teeth—or facing the possibility of full dentures—you’ve probably come across All-on-4 and All-on-6 dental implants.

These treatments are often described as life-changing, and for many patients, they truly are. But how do you know which option is right for you?

This guide is written to answer exactly that. We’ll break down the key differences, benefits, costs, durability, and real-life results of All-on-4 vs. All-on-6 in clear, simple language. We’ll also explain why many patients from the UK, EU, and USA are choosing Dental Implants in Turkey, and why DENTAKAY has become a trusted name in advanced full-mouth restorations.

Understanding Full-Arch Dental Implants: The Basics

Before comparing All-on-4 and All-on-6, it helps to understand what full-arch dental implants actually mean.

Instead of replacing each missing tooth individually, these techniques use 4 or 6 strategically placed implants to support a full arch of fixed teeth—either upper, lower, or both.

What both treatments aim to do:

• Replace an entire row of missing teeth
• Eliminate removable dentures
• Restore natural chewing and speaking
• Improve facial structure and confidence

These solutions are part of modern Cosmetic Dentistry in Turkey, combining function and aesthetics in a way traditional dentures simply can’t match.

What Is All-on-4 Dental Implants?

All-on-4 is a full-arch solution where four dental implants are placed in the jaw to support a complete set of fixed teeth.

How it works:

• Two implants are placed vertically at the front
• Two implants are placed at an angle at the back
• The angled placement maximises existing bone

This technique was developed to help patients with low bone density avoid bone grafting in many cases.

Key benefits of All-on-4:

• Fewer implants = less invasive surgery
• Faster treatment and healing time
• Lower overall cost compared to All-on-6
• Often allows same-day temporary teeth

Who All-on-4 is ideal for:

• Patients with moderate bone loss
• Those seeking a quicker, cost-effective solution
• People transitioning from dentures

For many patients, All-on-4 delivers excellent stability, aesthetics, and function—especially when performed by experienced specialists.

What Is All-on-6 Dental Implants?

All-on-6 follows the same concept but uses six dental implants instead of four to support the full arch.

How All-on-6 differs:

• Two additional implants provide extra support
• Forces are distributed more evenly across the jaw
• Often recommended for patients with good bone volume

Key benefits of All-on-6:

• Enhanced stability and strength
• Improved long-term durability
• Better support for patients with strong bite forces
• Ideal for younger patients seeking maximum longevity

Who All-on-6 is ideal for:

• Patients with sufficient jawbone density
• Those looking for the most robust long-term solution
• People who grind their teeth or have strong chewing pressure

While All-on-6 involves a slightly more complex procedure, many patients appreciate the added reassurance of extra implant support.

All-on-4 vs. All-on-6: Key Differences at a Glance

Here’s a simple comparison to help clarify the main differences:

Number of implants

• All-on-4: 4 implants per arch
• All-on-6: 6 implants per arch

Stability and load distribution

• All-on-6 offers greater load distribution
• All-on-4 still provides excellent stability for most patients

Bone requirements

• All-on-4 is more forgiving with bone loss
• All-on-6 usually requires stronger bone structure

Cost

• All-on-4 is generally more affordable
• All-on-6 costs more due to additional implants

Longevity

• Both can last decades with proper care
• All-on-6 may offer added long-term resilience

The right choice isn’t about which is “better” universally—it’s about which suits your anatomy, lifestyle, and goals.

Cost Considerations: Is One Better Value Than the Other?

Cost is understandably one of the biggest deciding factors, especially for patients in the UK and USA.

Average costs in the UK & USA:

• All-on-4: £12,000–£18,000 per arch
• All-on-6: £14,000–£22,000 per arch

This is where Dental Implants in Turkey become highly attractive.

Why Turkey offers better value:

• Lower operational and laboratory costs
• Highly competitive healthcare sector
• Same international-quality implant brands

Patients can often save 50–70% without compromising safety or results—especially when treatment is handled by reputable clinics like DENTAKAY.

Results You Can Expect: Function, Comfort, and Appearance

Both All-on-4 and All-on-6 are designed to look, feel, and function like natural teeth.

Realistic outcomes include:

• Eating hard and chewy foods comfortably
• Speaking clearly without denture movement
• A natural-looking, confident smile
• Improved facial support and jaw health

Patient example:

A UK patient who struggled with loose dentures for years often reports that fixed implants feel “like getting my real teeth back.” Whether All-on-4 or All-on-6, the emotional and practical benefits are significant.

Modern Cosmetic Dentistry in Turkey focuses heavily on digital smile design—ensuring results suit your face shape, age, and personality.

Why DENTAKAY Is the Right Choice for All-on-4 and All-on-6

Choosing where to have full-mouth implant treatment is just as important as choosing the technique.

What sets DENTAKAY apart:

• Specialist implant surgeons with international experience
• Advanced 3D diagnostics and digital planning
• Premium, globally recognised implant systems
• Strict hygiene and safety standards

Designed for UK, EU, and USA patients:

• English-speaking coordinators
• Transparent, all-inclusive pricing
• Airport transfers and accommodation support
• Ongoing aftercare and follow-up

DENTAKAY doesn’t offer a “one-size-fits-all” approach. Each patient receives a personalised treatment plan, ensuring the best outcome whether All-on-4 or All-on-6 is recommended.

How to Choose Between All-on-4 and All-on-6

The best way to decide is through a professional evaluation, but here are some guiding questions:

• How much bone density do I have?
• Am I looking for the most cost-effective solution or maximum long-term strength?
• Do I grind my teeth or have a strong bite?
• What is my long-term oral health goal?

A thorough consultation—including scans and bite analysis—will determine the safest and most effective option for you.

Conclusion: Which One Is Right for You?

Both All-on-4 and All-on-6 dental implants are proven, reliable solutions for full-mouth tooth replacement. The key difference lies in support, bone requirements, and long-term strategy.

• All-on-4 is ideal for patients seeking efficiency, affordability, and excellent results
• All-on-6 is perfect for those wanting maximum stability and longevity

With the growing popularity of Dental Implants in Turkey, patients no longer have to choose between quality and affordability—especially when working with trusted providers like DENTAKAY.

Next Steps: What Should You Do Now?

If you’re considering full-arch dental implants:

• Book a professional consultation
• Ask for a personalised treatment plan
• Compare long-term value, not just price
• Choose a clinic with proven international experience

A secure, confident smile is one of the best investments you can make in your health—and the right implant solution can truly change your life.

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Political and business leaders say the Green Book changes give the North and other regions a better chance of public backing for major projects

A long-term campaign by Northern leaders has paid off with Chancellor Rachel Reeves announcing revamped Treasury rules that aim to give regions outside London and the South East a better chance of securing public funding for major infrastructure projects.

Business and political leaders had long complained that Treasury officials had favoured wealthier areas where major projects were more likely to see economic benefits at a quicker rate. The Treasury said “overlooked regions and communities” would now be given a “fair hearing in public spending decisions”.

The revamped Treasury ‘Green Book’ aims to ensure that investment decisions are no longer based solely on single metrics such as benefit-cost ratios. Decisions must now take into account the full range of impacts of different investment options, the Treasury said.

The Treasury said too that the new version of the Green Book is less complex, being 40% shorter than the previous iteration, and aimed to speed up decisions by civil servants.

Announcing the move, Chancellor Rachel Reeves said: “For too long, people outside of London and the South East will have felt the system is working against them and their community, not for them. I know full well that everyone has the potential to contribute to our country’s growth and success regardless of where you live.

“These groundbreaking reforms are part of a new approach from the Treasury that truly makes a long-lasting difference for all areas across the country – ensuring they get the fair hearing they deserve and can have confidence in how Government invests into where they live.”

Liverpool City Region mayor Steve Rotheram, who has been a prominent campaigner for changes to the Green Book, said: “For years, areas like ours have lost out because the system was stacked against us. It meant projects that could genuinely change lives in the North were too often overlooked – marked down by a rulebook that didn’t understand local needs and told communities up here that they were literally worth less.

“I’ve fought hard to change that – and I want to pay tribute to Rachel Reeves for listening, and for taking action. This might sound like a technical change, but we shouldn’t underestimate just how big a difference it could make. This could unlock billions in investment for the North in the years ahead.”

Those sentiments were echoed by West Yorkshire mayor, Tracy Brabin, who said: “Having a simpler and more accessible Green Book will help to drive investment and open opportunity across the country. The changes provide great clarity and certainty, making it easier for places like West Yorkshire to grow and succeed.”

Henri Murison, chief executive of the Northern Powerhouse Partnership, welcomed the move but said more needed to be done to ensure growth in the Northern economy.

He said: “The business community has for many years been concerned that the way Government has appraised projects has not properly accounted for the benefits of creating economic opportunity where it is currently limited or prevented by poor transport for example. Instead, prioritising activity that is already happening and is constrained somehow – such as by speeding up journeys many people already make.”

“These changes, championed by those like Steve Rotherham in Liverpool City Region will benefit the whole North. However, many projects with strong value for money have been turned down in the past, proving Green Book is only part of the ingredients we need.

“In the end, if the Northern Growth Corridor is to achieve its potential we will need political will and more fiscal devolution as too many of the ambitions of local leaders depend on Westminster remaining focused and stable which has proved to be hard over the last decade in particular.”