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Arribatec Group ASA
Investor Presentation • Oct 30, 2025
3541_rns_2025-10-30_157b9d1a-d6c4-4af8-b3eb-8f69154ae4ea.pdf
Investor Presentation
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Q3 2025
Quarterly presentation
Ole Jakob Kjølvik, interim CEO Magnus Hofshagen, CFO
Arribatec at a glance ^
Numbers
300+ Employees across
business areas
1700+ Clients across
industries
14.3% LTM Revenue
growth
10.7% Q3 25 EBITA
margin
Business Areas Market
- Business Services EA&BPM Cloud
- o Together, the three BAs deliver business-critical systems and services that are industry agnostic and essential for all organizations, tailored to each client's unique needs
- o Rooted in our vision We simplify complexity – Arribatec combines deep domain expertise with proprietary technology to unlock lasting operational value
Trends:
- o Generative AI is evolving from a productivity enhancer to a strategic platform for transformation
- o Demand for industry-specific knowledge and solutions
Strong structural tailwind in enterprise software (+13% expected CAGR)*
*Industry leading research company and subject-matter experts
We support building the intelligent enterprise ^
Operational Excellence
Optimizing processes to ensure lean, efficient, and outcome-driven performance across the organization
Cloud & AI enablement
Unlocking automation, innovation, and intelligence through cloud platforms and AI technologies
Architecture
Creating a shared understanding of the organization by mapping how strategy, processes, people, and systems interconnect
ERP Execution
Enabling structured, integrated business execution through scalable and insight-driven ERP systems
AI-Ready business
Business Review ^
Q3 2025 Highlights ^
- Strong Financial Quarter 1
- Margin Expansion Across the Board 2
- Acceleration in ERP to Cloud 3
- Push for Sovereign Cloud 4
Strong Financial Quarter ^ 1
NOK 137m (114m) +20% YoY
Revenue Recurring EBITA
NOK 65m (57m) +14% YoY 48% of total revenue
NOK 14.6m (-11.1m) Margin 10.7%
2 Margin Expansion Across the Board ^
+31.4% Revenue Growth 81.6m* Financials
Revenue
13.8% EBITA margin 11.3m EBITA
Key wins
Drivers
- o High activity level
- o Cloud migration projects
- o Several new clients
- o Close collaboration with partners
- o Driving revenue from own IP
-2.8 % Revenue Growth 22.7m* Revenue 6.2% EBITA margin 1.4m EBITA
- o Temporary reduced operational capacity compared to 2024
- o Strong client base
- o Upward trend
6.6% Revenue Growth 35.7m*
Revenue
7.1% EBITA margin 2.5m EBITA
- o Several new clients
- o New scalable and tiered delivery model
- o Sovereign cloud offering
- o Strong pipeline
3 Acceleration in ERP to Cloud
Provides Implementation, Managed Services, Development
New partnership
Sovereign cloud Clients
Norwegian-owned and operated cloud where data is stored and processed within Norway's borders
Gives:
- o Data sovereignty
- o No geopolitical vulnerability
- o Public ownership and secure storage
Scaled and tested – ready for large enterprises
Excellent for:
- o Public sector
- o Regulated businesses (defense, national infrastructure, healthcare, banking & financial services etc.)
Financial Review ^
Revenue and EBITA Development
Revenue, continuing operations EBITA, continuing operations
- o Growth from 114.2m in Q3'24 to 137.0m in Q3'25 — up 20% YoY
- o Revenue up from NOK 490.4m in Q3'24 to NOK 560.4m LTM in Q3'25 — +14% YoY
- o EBITA improvement from –11.1m in Q3'24 to 14.6m in Q3'25 — more than 25m increase YoY
- o Continued robust profitability for the second consecutive quarter
Cash Flow
Cash Flow From Operations
- The Q2 drop was driven by working capital movements
- Neutral in Q3, with operational cash generation offset by the release of deferred revenue
Cash Flow Analysis – Q3 25
- NOK -23.3m in other current accounts driven by reduction in contract liabilities (release of deferred revenue)
- NOK +17.6m following exercise of outstanding warrants
Balance Sheet
| (NOK, millions) | 30.09.2025 | 30.09.2024 | 31.12.2024 |
|---|---|---|---|
| Non-current assets | 254.2 | 326.6 | 298.8 |
| Current assets | 181.5 | 151.6 | 143.5 |
| Total assets | 435.7 | 478.1 | 442.3 |
| Equity | 289.8 | 232.6 | 189.2 |
| Non-current liabilities | 21.8 | 43.2 | 40.7 |
| Current liabilities | 124.1 | 202.4 | 212.4 |
| Total liabilities | 145.9 | 245.6 | 253.1 |
| Total Equity and liabilities | 435.7 | 478.1 | 442.3 |
Balance sheet Strong financial position
- o No RCF draw full credit facility remains available
- o No debt clean balance sheet with no interestbearing loans
- o Cash remains strong NOK 60.5m at quarter end, up from NOK 47m in Q2
Q&A ^
IR contact: Next event Q4 report 27 February 2026
Magnus Hofshagen
Chief Financial Officer
+47 484 99 195
