Cyviz AS

Earnings Release • Nov 13, 2025

Solid Order Intake and Strong ARR Growth in Q3

Solid Order Intake and Strong ARR Growth in Q3

13.11.2025 07:00:00 CET | Cyviz | Half yearly financial reports and audit

reports / limited reviews

Cyviz today publishes its financial results for the third quarter of 2025. Q3

performance was influenced by project timing, with two key customer projects

shifting into Q4, which impacted revenue and EBITDA for the quarter.

Underlying business activity remained strong across core markets, with solid

order intake and continued growth in the company's Annual Recurring Revenue

(ARR).

Key highlights for Q3 2025

* Order intake of NOK 242.6 million, compared to NOK 192.4 million in Q3 2024

* Order backlog of NOK 424.1 million, up from NOK 374.9 million in Q3 2024

* Annual Recurring Revenue (ARR) of NOK 67.5 million, up 38% YTD

* Revenue of NOK 95 million, compared to NOK 160.1 million in Q3 2024

* Gross profit of NOK 69.2 million, compared to 77.3 million in Q3 2024

* EBITDA of NOK 2.3 million, compared to NOK 9.1 million in Q3 2024

Cyviz continued to progress on its strategic priorities, including scaling its

software subscription base and converting large global customers to its

cloud-based Cyviz Software Management Platform. Several major accounts are

expected to complete their migration by year-end, with the full ARR impact

anticipated from 2026 onwards.

"Our strategic initiatives continue to advance according to plan. ARR

development remained strong, and the onboarding and migration of some of our

largest global customers to our new SaaS-based Software Management Platform are

progressing well. This reflects the early impact of our transition toward a more

software- and subscription-driven business model," says Espen Gylvik, CEO of

Cyviz.

Demand remained robust in Europe and the US, driven by intense activity in the

defense and energy sectors. The defense market, particularly across NATO-aligned

countries, continues to strengthen and is expected to become one of Cyviz'

largest verticals, as reflected in substantial growth in order intake for the

quarter.

Cyviz maintains its long-term strategy focused on scaling its core technology

and software platform through a global partner ecosystem.

Cyviz AS presents its results for the third quarter of 2025 today, Thursday,

November 13th, at 09:00 (CET), inviting investors, analysts, and other

interested parties to a live webcast.

Link to landing page LIVE and recording:

https://channel.royalcast.com/landingpage/hegnarmedia/20251113_5/

The report, presentation, and link to the recorded webcast will also be made

available at: https://www.cyviz.com/investor-relations/

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com

* Karl Peter Gombrii, CFO, Cyviz, (+47) 92822969, karl.gombrii@cyviz.com

ABOUT CYVIZ

About Cyviz

Cyviz is a global technology provider for comprehensive conference and control

rooms as well as command and experience centers. Since 1998, we have created

next level collaboration spaces, assuring inclusive meeting experiences for in

person and remote attendance.

Cyviz serves global enterprises and governments with the highest requirements

for usability, security, decision making and quality. The cross-platform

experience Cyviz delivers to manage and control systems and resources across the

enterprise, makes Cyviz the preferred choice for customers with complex needs.

Find out more on www.cyviz.com - http://www.cyviz.com or visit one of our Cyviz

Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo,

Paris, Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).

ATTACHMENTS

Q3 2025 Financial Results_Presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/18718535/6565/Q3%202025%20Financi

al%20Results_Presentation.pdf

Q3 2025 Financial Results_Report.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/18718535/6566/Q3%202025%20Financi

al%20Results_Report.pdf