ArcticZymes Technologies

Investor Presentation • Nov 6, 2025

Q3 2025

Continued Growth momentum and Strengthened Profitability

November 6th, 202 5

CEO Michael Akoh CFO Børge Sørvoll CCO Paul Blackburn

Overview

Driving Sustainable, Profitable Growth

Worldclass Products

• Provide novel enzymes for advanced therapies and molecular diagnostics
• Strong reputation in Molecular Tools and Bioprocessing segments.
• Net Promoter Score = 84

Segment & Customers

• Targeting segments with high growth potential
• Customers are life science tools, CDMO, Pharma and Biotech companies

Talent & Culture

• Management team committed to creating a culture where exceptional innovation thrives
• World class R&D team
• Strong manufacturing capabilities complying to ISO13485 and GMP
• 53 employees, HQ in Tromsø
• Direct sales in US & Europe
• SAN partnership with Brenntag

Strong Financials

• Margins > 90% all products
• Recurring revenue streams sticky business
• Revenue 108 MNOK (2024)
• No debt 258 MNOK in Cash reserve
• Listed on the Norwegian Stock Exchange

Agenda

• Highlights Q3 and Strategy Overview 1
• Sales Biomanufacturing & Molecular Tools 2
• 3 Financials
• Outlook and Q&A 4

Highlights Q3 2025:

Profitable Growth Across Core Segments

Total revenue up 24% 29.8 MNOK (24.1 MNOK)

Brenntag European partnership deal executed

Molecular tools back on a growth path +45% YoY

EBITDA up 3.5 MNOK (-2.3 MNOK)

GMP Nuclease growth 26% of Biomanufacturing sales in Q3

Biomanufacturing 23% growth YTD

Strategic Overview

Strategic Direction and Core Pillars

AZT 2026 – Scaling Through Customer Centricity

Transformation

• Transition from a product-oriented enzyme supplier to a customer-driven solutions partner
• Scale to meet global demand, strengthen customer intimacy, and evaluate inorganic growth opportunities

Molecular tools

• Strengthen leadership in metagenomics
• Expand NGS-focused enzyme portfolio

Biomanufacturing

• Accelerate adoption in viral vector workflows
• Deepen integration with CDMO manufacturing platforms
• Expand into new applications and protect IP

RNA Market

• Establish AZT as RNA brand with ET-N1
• Build portfolio to serve mRNA markets
• Exploration of GTM partnerships for faster market access

Channel

• Increase direct sales coverage
• Expand and activate distributor partner network

Exclusive Partnership

ArcticZymes' enzyme innovation meets Brenntag's commercial scale

Exclusive distribution partnership

for Salt Active Nuclease (SAN) across Europe

Continued direct sales

ArcticZymes retains direct sales to strategic & key accounts

Strategic alignment:

Combines Brenntag Pharma's life-science focus with ArcticZymes' channel strategy

Expanded reach

Leverages Brenntag's extensive European network within biotech & CDMO markets

Brand amplification

Brenntag will market ArcticZymes-branded enzymes, enhancing visibility & reinforcing the brand across the portfolio

What? Why? Impact?

Improved customer access

Greater sales touchpoints and capacity to serve growth market

Drives commercial execution

Accelerates SAN adoption in advanced biomanufacturing

Builds long-term growth platform

A shared commitment to sustainable European expansion

Q3 Sales - Overview

Biomanufacturing and Molecular Tools

• Total sales up in Q3-2025 vs Q3-2024 (28.5MNOK vs 23.3 MNOK, +24%)
• Sales in Biomanufacturing reasonable following an exceptionally strong Q2-2025.
• Sales in Molecular Tools also strong, even excluding our one significant customer, driven by Cod UNG and dsDNase products as well as significant Proteinase order.

Region	% Growth Vs Q3 2024
US	-10%
EMEA	71%
APAC	50%
TOTAL	24%

Combined Sales

Q3 Sales - Biomanufacturing

Steady Performance with Expanding Customer Base

• Rebalancing of sales growth vs previous quarter of 13.0 MNOK
• GMP versions continue to show steady growth, with sales of 3.36 MNOK (vs 1.23 MNOK Q2)
• Increase in ELISA kit sales with significant contribution from recently product launches
• We provide SANS to 9 out of 10 of the top CDMOs within advanced therapies

Biomanufacturing sales

Strong leading indicator of future growth

Unique customers and Order Trends

• Lower Biomanufacturing AOV due to increased number of smaller validation projects
• Leading indicator for R&D testing projects underpinning future growth

	Unique Customers	Orders	AOV
Biomanufacturing	+3%	+21.8%	-16.6%

Q3 Sales - Molecular Tools

Underlying business intact

• Strong growth in diverse customer mix showing focus on key applications
• Large customer returned to standard purchasing patterns
• Good performance of core molecular tools business

45% growth in Molecular tools Vs Q3 2024

Molecular Tool Sales

Q1-Q3 YTD Revenue Summary

Annual Revenue Overview

Total Revenues –1.9% (+22%) US +16% ; EMEA –21.3% (26%) ; APAC 52%

Biomanufacturing +22% US 10%; EMEA 49%; APAC 20%

Molecular Tools –21% US +32%; EMEA – 43% (-9%): APAC +276%

Profit and loss, Expense development

Continued cost control

Personnel expenses

• Increased investment in commercial team
• Reduced capitalisation

Other operating expenses

• IT cost reduced due to lower software expenses
• Continued investment in commercial efforts
• Currency headwinds continue
• Overall, lower spend than last year (ERP in 2024)

	Q 3		YTD
	2025	2024	2025	2024
Sales revenues	28 5 ,	23 3 ,	78 5 ,	79 8 ,
Other revenues	1 2 ,	0 8 ,	0 5 ,	1 9 ,
Sum revenues	29 8 ,	24 1 ,	83 6 ,	81 7 ,
Cost of materials	0 6 - ,	4 7 - ,	2 7 - ,	-7 2 ,
Change in inventory	0 1 - ,	3 7 ,	0 4 - ,	2 8 ,
Personnel expenses	18 9 - ,	16 2 - ,	-51 3 ,	1 47 - ,
Other operating expenses	6 7 - ,	9 1 - ,	25 4 - ,	27 6 - ,
Sum expenses	-26 2 ,	-26 4 ,	-79 9 ,	-79 1 ,
EBITDA	3 5 ,	-2 3 ,	3 7 ,	2 6 ,
Depreciation and amortisation	2 2 - ,	1 5 - ,	6 7 - ,	4 5 - ,
EBIT	1 3 ,	-3 7 ,	-3 0 ,	-1 9 ,
Net financials	2 3 ,	1 8 ,	6 6 ,	7 4 ,
EBT	3 6 ,	-2 0 ,	3 5 ,	5 5 ,

Currency impact

Slightly negative for the quarter

• Majority of revenues are in foreign currency
• 70% in USD
• 30% in EURO
• 73% in USD and 27% in EURO for 2024

Currency effect on P&L

• Finance
• Decrease of 0.4 MNOK in Q3 (0.0 MNOK in Q3 2024)
• Decrease of 1.5 MNOK for 9M 2025 (+0.2 for 9M 2024)
• Other operating expenses
• Increase by 0.1 MNOK for Q3 (increase of 0.0 MNOK Q3 2024) and
• Increase by 0.8 MNOK for 9M 2025 (reduction of ¹⁵ 0.5 MNOK for 9M 2024)

Profitability and expenses

Another good quarter

	Q 3		YTD
	2025	2024	2025	2024
Sales revenues	28,5	23,3	78,5	79,8
Other revenues	1,2	0,8	5,0	1,9
Sum revenues	29,8	24,1	83,6	81,7
Cost of materials	-0,6	-4,7	-2,7	-7,2
Change in inventory	-0,1	3,7	-0,4	2,8
Personnel expenses	-18,9	-16,2	-51,3	-47,1
Other operating expenses	-6,7	-9,1	-25,4	-27,6
Sum expenses	-26,2	-26,4	-79,9	-79,1
EBITDA	3,5	-2,3	3,7	2,6
Depreciation and amortisation	-2,2	-1,5	-6,7	-4,5
EBIT	1,3	-3,7	-3,0	-1,9
Net financials	2,3	1,8	6,6	7,4
EBT	3,6	-2,0	3,5	5,5

Cash flow and short-term investments

11.5 MNOK in changes for Q3*

Cash and STI position

Outlook 2025

Biomanufacturing

• Brenntag partnership is expected to be a long-term growth driver
• CDMO partnership accelerating, 192% growth YTD

Molecular Tools

• Major partner back on track >10% growth from other key accounts in Q3, signaling renewed momentum
• M-SAN adoption expanding, now integrated in several metagenomic protocols => 81% growth YTD

Strategic Focus Ahead

• Broaden application of existing enzyme portfolio
• Develop RNA-focused solutions to support emerging therapeutic workflows
• Develop CDMO partnerships as a foundation for long-term growth
• Manage and drive direct and indirect sales channels to broaden reach