Lokotech Group ASA — Investor Presentation 2025

Nov 12, 2025

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Company Introduction Prepared for Pareto Securities 6th Annual TechSaaS Conference

Stockholm 13/11/2025

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Today's Speaker

Ola Stene-Johansen Group CEO

M.Sc.BA, NHH Cofounder of key subsidiaries

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Disclaimer

This presentation has been prepared by Lokotech Group A/S (the "Company") solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Certain statements included in this presentation contain various forward-looking statements that reflect management's current views with respect to future events and financial and operational performance. The words "believe," "expect," "anticipate," "intend," "may," "plan," "estimate," "should," "could," "aim," "target," "might," or, in each case, their negative, or similar expressions identify certain of these forward-looking statements. Others can be identified from the context in which the statements are made. Although we believe that the expectations reflected in such forwardlooking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include but are not limited to the Company's ability to operate profitably, maintain its competitive position, to promote and improve its reputation, to successfully execute its strategy and the impact of changes in pricing policies, political and regulatory developments in the markets in which the Company operates, and other risks. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein. Accordingly, neither the Company nor its subsidiary undertakings or any of such person's officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

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A fabless semiconductor company for blockchain and AI operation, with ownership interests in mining pools and data center activities

LOKOTECH TODAY Operates cash-generating mining pool and data center operations expected to cover more than fixed costs in '25 Redesigned chip ("ASIC") with superior power efficiency performance ready for tape out and mass production Listed on Euronext Growth with a current market capitalization of NOK 420 million as of Nov. 10th 2025 • • •

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Two Main Verticals: Hardware & Software Services

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Chip Status: On the Brink of Tape-Out

5 years of R&D – Successfully completed design of dual-use chip

After a series of rigorous design iterations, comprehensive simulations, testing, and validation, Lokotech has developed a groundbreaking dualuse chip for blockchain mining (Scrypt ASIC) and edge AI inference

Outperforming current market leader

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Testing and simulations demonstrate that the chip outperforms the market leader and closest peer (Bitmain), offering 2–4x greater energy efficiency in blockchain mining. •

Strong market development continues:

Active hashrate grown 87,7% YTD 4th of November 2025 >100% growth in FY 2024

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Hashrate: 18,64 Gh/s

Power: 1750W

Efficiency: 0.09 J/Mh

Algorithm: Scrypt

Advantage: ~111%

L11

Hashrate: 20 Gh/s

Power: 3680W

Efficiency: 0.19 J/Mh

Algorithm: Scrypt

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ASIC Miners

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Rigorous testing with more than 15 tape-outs

• Lokotech's design team has completed over 15 tape-outs without major flaws requiring a re-spin. This shows the confidence in the quality of the design. Downscaled prototype verified in actual use on mainnet

Improve reliability and programmability

An integration of an on-chip microcontroller, enhances reliability and programmability to mitigate minor flaws in the mask set •

Using a mature, proven technology node

• Designed chip for a mature process technology node (12nm), minimizing technical risks associated with blocks from standard libraries

Process to improve overall production efficiency

Regardless of the success of the Rev 1.0 mask set, a consideration of a Rev 1.1 at a later stage is planned. The rationale for this would be to optimize production yield •

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Two Main Verticals: Hardware & Software Services

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Powerpool.io

	Proprietary software with attractive margins
	Leverages proprietary, math-first software and advanced
•	optimization algorithms to maximize miner profitability with a
	competitive 1% fee, maintaining a relative stable 3% net revenue
	margin
	Strong financial performance
	In H1 2025, Average monthlynet revenue was about75.000 Euro.
•	Growingat 7,72% monthly, compounded, exceeding100.000 euro
	in June. Cash portion of acquisition repaid through dividends
	approx. 1 year after closing
	Steady and rapid growth and retention
	2024 ended around 13.9% monthly compounded growth rate, with
•	the first client still actively mining.
	SOC-certification issued November 2025
	Potential to generate EUR 1,5-2m in profitfor 2025, given
•	success of closing 1 or more enterprise clients

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PowerPool.io: A global presence

8300 clients from >121 nations, and counting…

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Note: all graphs are 20-day rolling average

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Market growth: 41 % YTD

PowerPool.io growth: 157 % YTD

Conclusion: We're increasing our market share

Note: all graphs are 20-day rolling average

External data: coinwarz.com

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Market growth: 78 % YTD

PowerPool.io growth: 218 % YTD

Conclusion: We're increasing our market share

Note: all graphs are 20-day rolling average

External data: coinwarz.com

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Growth Drivers for the Future

Powerpool Hosting AS:

• Diversifying revenue stream for also selling hard services, including hosting of mining hardware, on top of software services.
• Pilot program initiated.
• Operations expects to begin in mid December 2025.
• First batch of hardware is fully reserved.
• Lowers friction for clients to grow in ecosystem where integration is seamless towards the familiar environment.
• Increases retention as it forces SaaSsales on top.

SOC-Certified: Nov 2025

• Attractive for enterprise scale clients
• Synergizes well with "Key-Account Strategy" of offering hardware solutions on top of service offering.
• A single enterprise client can contribute 5-15x towards our net revenue, depending on details.

Marketing Ploy: "Soup4Sats"

Key Takeaways:

• 40% of our fees were donated loss of revenue.
• 10% (Scrypt) and 20% (SHA-256) volume increase on new sign-ups.
• CAC-payback: <30 days
• Concluded that new sign-ups are "sticky".

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Summary:

Lokotech Group – Owner of 5 subsidiaries Lokotech Group is a publicly listed company on Euronext Growth Oslo, with a market capitalization of approximately NOK 420 million. It operates five subsidiaries focused on semiconductors, data centers, and crypto mining pool services Lokotech AS – The most efficient chip for Scrypt blockchains Its primary subsidiary, Lokotech AS, has developed a groundbreaking dual-use chip for blockchain mining (Scrypt) and AI. Testing and simulations demonstrate that the chip outperforms the market leader and closest peer (Bitmain), offering 2–4x greater energy efficiency when mining Strong interest from large market players – USD 2-13m framework agreements already signed Lokotech AS is targeting a multi-billion-dollar industry and has already generated strong interest in its products. Lokotech is in discussions with large international market participants. For instance, the company has already signed a framework agreement with a private operator in the USA with gross revenue of USD 2–5 million, with additional upside potential Pipeline of significant milestones in 2025/2026 and an attractive financial position Company operating in a semiconductor vertical where cash up front is the norm. Important catalyst to determine ability for rapid growth. Cash-generating mining pools and data center operations expected to cover more than Group's operating costs in 2025 Powerpool Mining SL is performing well and is generating positive and increasing cash flow. • • • • •

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