KRON TEKNOLOJİ A.Ş.

Investor Presentation • Aug 18, 2025

1H 2025 Results Presentation

AUGUST 2025

Disclaimer

Capital Markets Board Bulletin No. 2023/81 datedDecember 28,2023, announced that issuers and capital market institutions are required to prepare theirannual financial statements for the fiscal periods ending on or after December 31, 2023, in accordance with the provisions of IAS 29 inflation accounting.

Accordingly, this presentation regarding the 2025 first half term reviewed financial results contain the Company's financial information prepared according to Turkish Accounting/Financial Reporting Standards by application of IAS29 inflation accounting provisions.

This presentation includes content prepared within the framework of Kron Technologies' internal management reporting practices and is presented for the purpose of providing investors with a more comprehensive understanding of the Company's operations and financial performance.

The information and opinions contained in this document have been prepared for the purpose of providing a consistent and comparable evaluation of our financial performance, under the responsibility of our Company's Board of Directors and managers responsible for financial reporting.

This presentation may contain forwardlooking statements reflecting the current views, expectations, assumptions, and forecasts of the Company's management regarding certain future events, using words such as "may," "will,""expect," "believe," "plan," and "anticipate." While the Company believes that the expectations reflected in these forward-looking statements are reasonable under current circumstances, actualresults may differ depending on developments and events affecting the variables and assumptions underlying future expectations and estimated figures. The Company, its shareholders, members of the board of directors, managers, employees, or any other person cannot be held responsible for any damages that may arise from the use of the contents of this presentation.

Kron at a Glance

Leading Provider of

cybersecurity solutions for Identity and Access Management and Data Security with of experience 18 years

330+ customers globally in 35 countries, across 6 continents

161 employees globally, in 8 countries

Continuous R&D Investment with expert staff in

in Türkiye 3 R&D centers

Leading Identity & Data Security Vendor

Industry Recognitions

Kron Technologies, a leading software company specializing in cybersecurity, distinguishes itself in the global arena with its high-quality and innovative solutions. The company has garnered numerous achievements and awards, underscoring its technological excellence and customer-centric ethos.

Kron Technologies was highlighted in two distinct categories in KuppingerCole's Leadership Compass reports in 2024. Kron PAM was listed in the Leadership Compass for Privileged Access Management, highlighting its strength in securing privileged accounts, while Kron DAM&DDM was recognized in the Leadership Compass for Data Security Platforms, showcasing its growing impact in data security. These recognitions further establish Kron's position as a leader in both privileged access management and data security solutions.

Kron Technologies has been recognized multiple times by Gartner, solidifying its position in the cybersecurity domain. Kron PAM was selected into Gartner's Magic Quadrant for Privileged Access Management (PAM) in 2020 and 2021, making Kron the only Turkish company to be included in the Magic Quadrants for cybersecurity. In 2024, Kron's DAM&DDM product was featured in Gartner's Market Guide for Data Masking and Synthetic Data, marking the second Kron product to be acknowledged by Gartner outside of PAM.

Kron Technologies was recognized as a leading Privileged Access Management (PAM) provider in the "Omdia Universe: Selecting a Privileged Access Management Solution" report published in 2021- 22. The company stood out in key areas such as customer experience, solution capabilities, and market impact, further reinforcing its reputation as a trusted global Cybersecurity provider.

Kron PAM has been included in Forrester Research's most recent report, The Privileged Identity Management Solutions Landscape, Q2 2025. Kron Technologies has distinguished itself as the first and only national cybersecurity technology provider to be featured alongside leading global vendors in this prestigious assessment.

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1H 2025 Highlights

Driving Sustainable Growth and Strong Returns

2025 1H invoiced sales grew by 20% Y-o-Y and reached \$6.2m

Recurring revenue share is 58%

EBITDA increased Y-o-Y by 87%, reaching TL 123m

Back to profitability with a Net Profit of TL 51m

Continued Momentum in Annual Recurring Revenue (ARR)

73% Y-o-Y increase, reaching \$6.4m

Expanding our Customer Base

18new clients onboarded in 1H 2025, 8 from international markets Accelerated Expansion in Annual Subscription Revenue

170% increase, driven by our disciplined shift to subscription licensing in most markets.

1H 2025 IFRS Consolidated Results

Strong 1H financial results, laying the foundations for sustainable growth

• Consolidated revenues in 1H amounted to TL 220.8m post-IAS29, reflecting a 7% Y-o-Y increase.
• Gross Profit up by 16% with a Gross Margin of 92%.
• EBITDA grew by 87% in comparison to same period last year reaching TL123.1m and EBITDA margin increased to 56%.
• As a result of growing Gross Profit, strong cost discipline while making necessary growth investments, and lower adverse impact from monetary losses due to slowing inflation, 1H recorded a Net Profit of TL 50.9m.
• In 2025, increased investments in new product development led to a greater portion of R&D expenses being capitalized. Consequently, intangible fixed assets rose, while operating R&D expenses declined compared to the previous year.

1H 2025 Invoiced Revenues*

• Invoiced revenues grew by 20% Y-o-Y, reaching USD 6.2m in 1H 2025.
• 346.2 ▪ Recurring revenue sales represented 58% of the total figure. Maintenance sales in 1Q are higher due to a seasonality effect where large accounts S&M is invoiced in the 1Q for the full year. This seasonality effect gets normalized within the year.
• Whilst TelCo continues to be our leading sector, we have seen a material acceleration in Financial Institutions sales in 1H 2025 with major logos added to our customer portfolio.

64.9% (*)Invoiced revenues are revenues that have been invoiced within the relevant reporting period but are recognized in the income statement in the same reporting period or in subsequent reporting periods, according to IFRS rules. Figures do not include the effect of IAS 29.

29.4%

35.5%

Balance Sheet and Liquidity Position

Net Cash Position (TL m)*

Net Cash Position	31 Dec 2024 30 Jun 2025
Cash and Cash Equivalents	100.6 165.7
Bank Debt	(55.9) (69.6)
Net	44.7	96.1
30 Jun 2025 Receivables TL 191 m	USD Average Weighted Interest Rate of 8%

Kron has successfully completed 100% paid-in capital increase, raising its issued capital from 85,611,078 TL to 171,222,156 TL.

*All figures include IAS29 impact

Currency Exposure

Debt and cash currencybreakdown

Revenue and cost breakdown by currency

42%

Kron Technologies © 1H 2025 Results Presentation Page 8

2025 Guidance Revised

Key Long Term Growth Drivers

Appendix

1H 2025 Interim Reviewed Financial Statements

Balance Sheet

TL*	31 December 2024	30 June 2025	Change %
Cash, Cash Equivalents and Financial Investments	100,613,699	165,681,027	65%
Trade Receivables	189,100,594	191,020,833	1%
Inventory	2,016,879	2,081,872	3%
Tangible Assets	12,540,091	11,627,840	-7%
Intangible Assets	430,532,802	537,044,888	25%
Deferred Tax Assets	4,102,832	0
Total Assets	832,254,423	976,786,474	17%
Short-Term Financial Liabilities	274,753,408	287,453,768	5%
Trade Payables	13,507,797	14,329,158	6%
Total Liabilities	387,609,825	398,786,632	3%
Equity	444,644,598	577,999,842	30%
Total Equity + Liabilities	832,254,423	976,786,474	17%

*All figures include IAS29 impact

1H 2025 Interim Reviewed Financial Statements

Income Statement

TL*	1H 2024	1H 2025	Change %
Net Sales	206,166,335	220,871,735	7%
Cost of Sales	(31,552,162)	(17,430,636)	-45%
Gross Profit	174,614,173	203,441,099	17%
Gross Profit Margin	85%	92%
Operating Expenses	(148,227,709)	(109,751,128)	-26%
G&A Expenses	(32,350,677)	(20,407,295)	-37%
Marketing Expenses	(63,522,878)	(74,533,344)	17%
R&D Expenses	(71,405,446)	(46,470,111)	-35%
Other Operating Income/Expense, Net	19,051,292	31,659,622	66%
Operating Profit	26,386,464	93,689,971	255%
Amortisation	39,653,423	29,480,577	-26%
EBITDA	66,039,887	123,170,548	87%
EBITDA Margin	32%	56%
Financial Expenses, Net	1,067,456	(1,784,312)
Monetary Gain /(Loss)	(44,103,148)	(33,508,649)	-24%
Profit Before Taxes	(14,825,513)	60,667,603
Tax Income /(Expense)	(767,320)	(9,781,290)	1175%
Profit /(Loss)	(15,592,833)	50,886,313
Profit Margin	-8%	23%

*All figures include IAS29 impact

Page 13 Kron Technologies © 1H 2025 Results Presentation

Kron Platform: Built to Address Today's Cybersecurity Challenges

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Key Challenges in Identity & Access Security

Remote Work and Mobility

Rapid Growth of Machine Identities

• Hybrid & Multicloud Infrastructure
  • Sophistication of Identity Based Attacks

Our Solutions

Privileged Access Management (PAM) Secure Remote Access Database Access Management Secrets Management Privileged Session Manager AI-Based Threat Analytics CIEM Password Vault Privileged Task Automation

End Point Privilege Manager Multi Factor Authentication TACACS +/ Radius Access Manager

Key Challenges in Data Security

Regulations and Compliance

Dynamic Data Masking

Telemetry Pipeline

Thank You

BIST: KRONT | krontech.com | investor@krontech.com

Kron Technologies © 1H 2025 Results Presentation Page 15