Webstep

Webstep ASA: Third quarter results 2025

Oslo, 11 November 2025: Webstep ASA today reports revenues of NOK 178.3 million

(189.4) for the third quarter 2025, a decrease of 5.8 per cent from the same

period last year. EBIT was NOK 8.2 million, corresponding to an EBIT margin of

4.6 per cent (5.7).

The decline in revenues reflects a reduced number of consultants, partly due to

the discontinuation of non-core activities and reduced utilisation, amid the

challenging market.

"Looking back at the first nine months of 2025, I am genuinely proud of our

team's effort and the strong results delivered. We have strengthened Webstep's

position as a leading high-end IT consultancy while navigating a challenging

market, and we remain focused on delivering a solid bottom line. Excluding a NOK

1.1 million bad debt loss from one customer, our Q3 EBIT margin was 5.2 per cent

- only slightly below last year's figure," says Kristine Lund, CEO of Webstep.

Long-term digitalisation trends remain stable across both public and private

sectors, underpinning Webstep's growth outlook. In particular, demand is strong

for services in data engineering, cloud architecture, analytics, decision

support, and machine learning.

"Interest in AI continues to grow rapidly, representing a significant

opportunity for Webstep. Organisations increasingly require strategic advice and

implementation services. We have delivered numerous projects and consistently

receive feedback that Webstep adds real value. In some cases, we co-invest with

clients to develop AI solutions, retaining rights to resell them to other

customers," says Kristine Lund.

During the quarter, Webstep secured several major contracts, further

strengthening its position in the Norwegian public and enterprise sectors. New

agreements were signed with the Norwegian Courts Administration, Statnett,

Fifty, the Norwegian Defense Materiel Agency, Norsk Tipping and Trondheim

Municipality. These wins demonstrate Webstep's strong reputation for delivering

high-quality digitalisation and IT consultancy services across critical domains.

Contact details for further information:

Henning Hesjedal, CFO

Cell: +47 916 83 601

Website: www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public

sector, with the IT expertise necessary to deliver the most demanding

digitalisation and IT services.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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