Autostore Holdings Ltd.

Earnings Release • Aug 14, 2025

AutoStore: Q2 2025 financial results

AutoStore: Q2 2025 financial results

Q2 2025 overview:

· Order intake of USD 150 million, +6% QoQ and +6% YoY

· Revenue of USD 134 million, +56% QoQ and -13% YoY

· Gross margin of 69%, -5 p.p. QoQ and -5 p.p. YoY, impacted by one-time

inventory write-down. Excluding this, gross margin was 75%

· Adj. EBITDA margin of 48%, +23 p.p. QoQ and -1 p.p. YoY

(Nedre Vats, August 14, 2025): AutoStore Holdings Ltd. (AutoStore, OSE:AUTO), a

robot technology company that invented and continues to pioneer cube storage

automation, today released its quarterly report for the quarter ending June 30,

In Q2 2025, AutoStore delivered USD 134 million in revenue, up +56%

sequentially,  a recovery from an unusually weak Q1. Compared to the same period

last year, revenue was down -13%, reflecting the continued caution among certain

customers given the uncertain market backdrop.

AutoStore closed the quarter with an order backlog of USD 529 million. Order

intake reached USD 150 million, representing growth of 6% sequentially and year

-over-year.

Earlier this year, the company announced significant product launches and

roadmap updates, expanding our addressable market and continuing to serve

evolving customer needs. AutoStore's next product announcement is planned for

October, 2025.

"We remain confident in the long-term potential of warehouse automation. With

AS/RS market penetration still at approximately 20%, the runway for growth is

significant - and we're well-positioned to capture it. By continuing to innovate

and leverage our installed base of ~1,750 systems across ~1,250 customers, we

aim to gain market share and deliver lasting value," said CEO, Mats Hovland

Vikse.

Key financials

[][][][][]

Second quarter

USD million 2025 2024 ? in %

Revenue             133.9             154.2 -13.1 %

Gross profit               92.2             113.0 -18.4 %

Gross margin 68.8 % 73.3 % -4.5 p.p.

EBIT               27.9               62.6 -55.5 %

Adjusted               63.7               75.1 -15.1 %

EBITDA[1]

Adjusted 47.6 % 48.7 % -1.1 p.p.

EBITDA

margin[1] (%)

Adjusted               53.7               67.7 -20.7 %

EBIT[1]

Adjusted EBIT 40.1 % 43.9 % -3.8 p.p.

margin[1] (%)

Cash flow 74.4 % 77.0 % -2.5 p.p.

conversion[1]

Order intake             150.3             141.4 6.3 %

[1] Alternative performance measures used in this release are described and

presented in the section Alternative Performance Measures in the quarterly

report.

For further information, please contact:

Hiva Flåskjer, SVP Investor Relations, AutoStore AS Telephone: +47 958 66 790 I

hiva.flaskjer@autostoresystem.com

About AutoStore | www.autostoresystem.com

AutoStoreT, founded in 1996, is a technology company that develops order

-fulfillment solutions to help businesses achieve efficiency gains within the

storage and retrieval of goods. The company offers both hardware and software

capabilities and the AutoStore technology is interoperable with other third

-party solutions.

AutoStore is global, with ~1,750 Systems in 60 countries. All sales are

distributed, designed, installed, and serviced by a network of qualified system

integrators referred to as "partners". AutoStore was founded in Nedre Vats, on

the west coast of Norway. The company has offices in Norway, the U.S., UK,

Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and

Singapore, as well as assembly facilities in Poland and Thailand.