ArcticZymes Technologies — Earnings Release 2025

May 8, 2025

ArcticZymes Technologies announces Q1 2025 Financial results. Record Customer Base Growth Lays Foundation for Long-Term Expansion

ArcticZymes Technologies announces Q1 2025 Financial results. Record Customer Base Growth Lays Foundation for Long-Term Expansion

Tromsø, Norway, May 8th, 2025 - ArcticZymes Technologies (OSE: AZT) today

announced its financial results for the first quarter of 2025, reporting total

revenues of NOK 24.9 million and an EBITDA of NOK -3.7 million. While revenues

declined year-on-year due to a temporary reduction in orders from a major OEM

customer, the Company achieved an all-time high in customer numbers and order

volumes-highlighting early progress in its commercial transformation strategy.

Highlights:

· Total revenue for Q1 2025 was NOK 24.9 million, compared to NOK 30.0 million

in Q1 2024.

· Sales revenue amounted to NOK 23.3 million, primarily affected by a NOK 9

million decline in orders from a major OEM customer in the Molecular Tools

segment compared to Q1 2024. Excluding this customer, sales grew by 12% year-on

-year.

· EBITDA was NOK -3.7 million, compared to NOK 2.3 million in Q1 2024,

reflecting amongst others ongoing investments in commercial transformation, IT

systems, and foreign exchange effects.

· Record order activity, with a total of 342 customer orders in Q1 2025, up

from 301 in the same period last year. Orders were split between

Biomanufacturing (205) and Molecular Tools (140), with some orders containing

products from both portfolios.

· The number of Biomanufacturing orders increased by 25%, while Molecular

Tools orders rose by 3.7%, compared to Q1 2024.

· Biomanufacturing momentum continues, with 107 biomanufacturing customers in

Q1 and 227 unique customers over the past 12 months-both all-time highs.

· U.S. market acceleration, with a 25% year on year sales increase, driven by

increased activity in the cell and gene therapy (CGT) segment, particularly on

the East Coast.

· Strategic adoption of SAN HQ enzymes by a new U.S.-based CDMO for AAV

manufacturing, with an additional CDMO currently evaluating M-SAN for

integration in the second half of 2025

Commercial transformation strategy laying the groundwork for long-Term growth

ArcticZymes' commercial transformation continues to gain traction. A growing and

increasingly diversified customer base, particularly within biomanufacturing, is

laying the foundation for long-term growth. The Company's strategy of engaging

customers early in their process development is proving effective, especially as

enzyme adoption during the early stages of platform design tends to result in

long-term integration and recurring business. CDMOs, therapeutic and diagnostic

developers standardizing AZT enzymes in their manufacturing workflows represent

a key growth lever.

"There are early signs that our transformation efforts are beginning to pay off.

In Q1, we achieved an all-time high of 227 unique biomanufacturing customers

over the past year, with 107 in the first quarter alone. We also saw a 21% year

-on-year increase in biomanufacturing sales. The total number of customer orders

reached 342-our highest ever-and we saw strong growth in Biomanufacturing.

Importantly, a new CDMO partner in the U.S. has standardized SAN HQ in their AAV

manufacturing protocols, opening exciting long-term opportunities. These

milestones confirm the growing market traction of our offering and position us

well for sustainable growth." Commented Michael Akoh, CEO of ArcticZymes

Technologies.

-Ends-

Presentation and Webcast

The Company will host a virtual Q1 2025 presentation for investors, analysts and

media at 8:30 CET on Thursday, May 8, 2025.

The presentation will be given by CEO, Michael Akoh, VP Sales and Marketing Paul

Blackburn and CFO, Børge Sørvoll.

The presentation can be followed as a live webcast from Hegnar TV on

https://channel.royalcast.com/landingpage/hegnarmedia/20250508_9/ or

www.arcticzymes.com. It will be possible to post questions through the webcast

console.

The report for Q1 2025 will be available on www.newsweb.no and on the company's

homepage www.arcticzymes.com from 07.00 CET on Thursday, May 8, 2025.

For more information, please contact:

ArcticZymes Technologies ASA

CEO, Michael B. Akoh Tel: +46 (0) 70 262 37 15

CFO, Børge Sørvoll                                  Tel: +47 95 29 01 87

ir@arcticzymes.com

About ArcticZymes Technologies ASA

ArcticZymes Technologies is a Norwegian life sciences company focused on the

development, manufacturing and commercialization of novel recombinant enzymes

for use in molecular research, In Vitro Diagnostics (IVD) and biomanufacturing.

Listed on the Oslo Stock Exchange since 2005 originally under the [AZT] ticker.

Its headquarters are based in Tromsø, Norway, at the SIVA Innovation Centre.

ArcticZymes Technologies' IP and capabilities are protected via a large

portfolio of patents.

For more information, please visit the website: www.arcticzymes.com