Inin Group AS — Earnings Release 2024

Feb 26, 2025

ININ Group AS: Q4 and interim full-year 2024 financial results

ININ Group AS: Q4 and interim full-year 2024 financial results

26 February 2025 – ININ Group AS delivered revenue of NOK 549 million in the fourth quarter of 2024, an increase of 71% from the same quarter in 2023 (NOK 321 million). Adjusted EBITDA ended at NOK 15 million, versus NOK 4 million in the fourth quarter of 2023.

For the full-year 2024, ININ Group delivered revenue of NOK 1,743 million, up 155% from NOK 683 million in 2023. Adjusted EBITDA for the full-year 2024 was NOK 73 million, compared to NOK 29 million the prior year.

Enclosed with this announcement is a short presentation with further details of ININ Group’s fourth quarter and interim full-year 2024 financial results.

QBEN INFRA’S FINANCIAL REPORTING

Qben Infra AB is ININ Group’s majority shareholder with approximately 89% of the shares. Qben Infra is listed on

Nasdaq First North Premier Growth Market in Stockholm, Sweden.

Qben Infra reports the group’s fourth quarter and interim full-year 2024 financial results today. This report includes a full operational update for the entire Qben Infra group, including ININ Group AS and its subsidiary companies.

To follow the webcast today, Wednesday, February 26 at 10:00 AM use the following link: https://www.youtube.com/live/7uVJ2dkTp1Q

For Qben Infra’s fourth quarter 2024 presentation, please visit: https://www.qben.se/en/investors/reports-and-presentations/

(ENDS)

For further information, please contact:

Øivind Horpestad, CEO of ININ Group, Tel: +47 910 00 626

About ININ Group AS

ININ Group is a listed investment company with investments in companies within infrastructure services niches in the Nordics. The group aims to create value by identifying investment opportunities within profitable niches with potential for development, consolidation, and growth, working in close collaboration with the platform companies to deliver sustainable growth and profitability. For more information, please visit: www.inin.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Fredrik Ekholm, Investment Director, at 08:45 am (CET) on 26 February 2025.