Cyviz AS

Earnings Release • May 15, 2025

Cyviz AS - Solid Revenue and Order Growth in Q1

Cyviz AS - Solid Revenue and Order Growth in Q1

15.5.2025 07:00:01 CEST | Cyviz | Half yearly financial reports and audit

reports / limited reviews

Cyviz AS today publishes its financial results for the first quarter of 2025,

reporting solid growth in both revenue and order intake despite an unpredictable

market environment.

Revenue reached NOK 135.8 million in the quarter, representing a 27.4% increase

compared to Q1 2024. Order intake grew by 23% to NOK 112.4 million, reflecting

continued demand for Cyviz' solutions across key sectors and regions. EBITDA for

the quarter was NOK 1.2 million, down from NOK 5.2 million in the same period

last year.

Operating cash flow was NOK -17.6 million, impacted by increased inventory for

project deliveries in Q2, an adverse foreign exchange effect of NOK 6.3 million,

and by regions with longer collection cycles.

"We delivered strong revenue and order growth in the first quarter despite

market uncertainties, including falling oil prices and new US tariffs. Our

global presence and established position across sectors and geographies make us

resilient to such fluctuations. Activity remained solid across regions, with

robust performance in Europe. We also secured our first customer contract for

the new software platform, a key milestone in our strategy to scale through

partners and grow recurring revenue," says Espen Gylvik, CEO of Cyviz.

Key highlights for Q1 2025:

* Revenue of NOK 135.8 million, up 27.4% from NOK 106.5 million in Q1 2024

* EBITDA of NOK 1.2 million, compared to NOK 5.2 million in Q1 2024

* Order intake of NOK 112.4 million, up 23% from NOK 91.4 million in Q1 2024

* Order backlog of NOK 337.8 million, down from NOK 428.3 million, which

included an exceptional multi-year deal in 2023

* Operating cash flow of NOK -17.6 million, compared to NOK 33.3 million in Q1

2024

The company expects continued growth, supported by its strong position in the

global control room and operations center market, where Cyviz has been

well-established for years across multiple regions. The company is currently

seeing particularly strong demand growth in Europe and NATO countries.

The long-term strategy remains unchanged, focusing on scaling its core

technology and software platform through an expanding global partner ecosystem

to achieve 25% annual recurring revenue (ARR) and a 25% EBITDA margin over the

next five years.

Link to landing page LIVE and recording:

https://channel.royalcast.com/landingpage/hegnarmedia/20250515_4/

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

Cyviz Q1 2025 Presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/18528987/6095/Cyviz%20Q1%202025%2

0Presentation.pdf

Cyviz Q1 2025 Report.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/18528987/6096/Cyviz%20Q1%202025%2

0Report.pdf