Pexip Holding

Earnings Release • May 7, 2025

Pexip Q1 2025 report – Good start of 2025

Pexip Q1 2025 report – Good start of 2025

Oslo, Norway, May 7, 2025 - Pexip Holding ASA ("Pexip" or "The Company", Oslo Børs Ticker: PEXIP), today presented its quarterly results for the first quarter of 2025. Key highlights for the quarter include:

- Q1 2025 revenue of NOK 348 million, up 19%y-o-y.

- Pexip’s subscription base measured in ARR was USD 115.5 million at the end of Q1 2025, up 10% y-o-y.

- EBITDA excluding other gains and losses amounted to NOK 112.5 million, up from NOK 64.4 million in the same quarter last year.

- Free cash flow of NOK 220.9 million in the quarter, up from NOK 100.5 million in Q1 2024, with a cash and money market fund position of NOK 830.5 million and no material interest-bearing debt exiting Q1 2025.

- Announced new product for Google Meet Hardware interop, broadening Pexip's Connected Spaces offering

- Announcing share buyback of up to 2 million shares or up to NOK 100 million.

- Outlook for Q2 2025 of USD 117-120 million.

“2025 has provided further momentum for Pexip’s growth in particular in the Secure and Custom video business area, with a strong increase in focus and awareness of the importance of sovereign IT systems and end to end control. Pexip is uniquely positioned to provide this for video communication with our cutting edge self-hosted platform and proven ability to deliver.” Trond K. Johannessen Chief Executive Officer

Analyst consensus estimates

Every quarter ahead of the earnings announcement, Pexip collects earnings estimates from the equity analysts currently covering the Company. The consensus estimates and the methodology used in the preparation of the consensus estimates are published on the Company’s IR web pages here: https://investor.pexip.com/consensus

Q1 results presentation

The first quarter results for 2025 will be presented by video webcast today, Wednesday May 7, 2025 at 08:30 CET. The presentation will be held by Trond K. Johannessen (CEO), Øystein Dahl Hem (CFO), and Åsmund Fodstad (Chief Revenue Officer) The presentation will be held in English and conducted as a webcast. Questions can be submitted to IR@pexip.com in advance of the presentation or live during the presentation.

Please join the webcast via the following link: https://www.pexip.com/events/q1-2025-results-presentation

A recorded version of the presentation will also be available after the webcast is concluded.

For questions, please contact: Øystein Dahl Hem, CFO IR@pexip.com, +47 992 34 596

About Pexip | pexip.com Pexip is a video technology company that offers multi-platform software for various purposes such as business meetings, secure government communication, doctor's appointments, and court proceedings. It is an excellent tool for organizations that want seamless, secure, and scalable meetings that enhance the video experience. Pexip (PEXIP) is listed on the Oslo Stock Exchange. Visit us at www.pexip.com or on LinkedIn

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Øystein Dahl Hem, CFO, Pexip Holding ASA, on May 7, 2025 at 07:00 CEST.