Q1 Interim report January-March 2025

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Last updated 29 August 2025, 23:20 CEST

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WARNING. NO HELMET OR IMPACT PROTECTION SYSTEM CAN PROTECT A USER FROM ALL INJURIES. ALTHOUGH THE MIPS® SYSTEM HAS BEEN DESIGNED TO REDUCE ROTATIONAL ENERGIES TO THE HEAD, WHICH MAY LEAD TO BRAIN INJURIES, THERE ARE LIMITS TO THE PROTECTIVE CAPABILITIES OF ALL HELMETS, INCLUDING HELMETS WITH THE MIPS® SYSTEM. USERS ARE WARNED NOT TO REMOVE, REPOSITION OR OTHERWISE TAMPER WITH THE MIPS® SYSTEM IN A HELMET OR USE A HELMET WITH THE MIPS® SYSTEM IF THE MIPS® SYSTEM IS DAMAGED OR DISPLACED. SOME MIPS® LOW-FRICTION LAYERS, ALONG WITH OTHER PARTS OF A HELMET, MIGHT CAUSE LACERATIONS TO THE WEARER’S SCALP IN SOME RARE ACCIDENTS. THIS MIGHT OCCUR DUE TO THE HIGH PRESSURE ON THE SCALP FROM THE IMPACT OR AS A BY-PRODUCT OF THE LOW-FRICTION LAYER’S MOVEMENT IN CERTAIN ANGLED IMPACTS TO HELP REDUCE THE ROTATIONAL ENERGIES TO THE HEAD. IF YOU WOULD LIKE FURTHER INFORMATION, PLEASE CONTACT US. DISCLAIMER. MIPS AB AND ITS AFFILIATES (COLLECTIVELY, "MIPS") DO NOT WARRANT THAT AN INDIVIDUAL WHO SUFFERS A COLLISION, FALL, OR OTHER BLOW TO THE HEAD OR PERSON WHILE WEARING A HELMET EQUIPPED WITH THE MIPS® SYSTEM WILL NEVER SUFFER ANY CONCUSSION OR OTHER INJURY TO THE BRAIN, THE HEAD, OR OTHER BODY PARTS. USER ASSUMES ALL RISKS, INCLUDING ALL RISKS OF BODILY INJURY, DEATH OR PROPERTY DAMAGE, ARISING OUT OF USER’S ACTIVITIES WHILE WEARING A HELMET EQUIPPED WITH THE MIPS® SYSTEM. TO THE EXTENT PERMITTED BY APPLICABLE LAW, MIPS EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING THOSE CONTAINED IN UCC SECTIONS 2-314 AND 2-315.