Nedap N.V.

Earnings Release • Oct 16, 2025

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Groenlo, the Netherlands, 16 October 2025, 07:00 CET.

• Revenue up 15% year-on-year in the third quarter of 2025 (YTD Q3 revenue growth is 11%).
• Revenue growth in key markets amounts to 18% YTD Q3, reflecting continued strong demand.
• All key markets contributed to top-line growth during the first nine months of 2025.
• Recurring revenue over the first nine months was up 11% compared to the same period in 2024 and accounted for 40% of total revenue (2024: 40%).
• Ruben Wegman, CEO of Nedap, to step down at the AGM on 8 April 2026; Supervisory Board intends to appoint Rob Schuurman as successor.

Message from the CEO, Ruben Wegman:

"Our third-quarter performance reflects the focused execution of our Step Up! strategy. Broad-based growth across all key markets underlines both the relevance and the competitive differentiation of our propositions. We are committed to further strengthening our leading positions in Healthcare, Livestock, Retail and Security, while leveraging our common digital twin technology and organizational agility to drive scalability and sustainable growth."

(unaudited)

In millions of euros	Q3 2025	Q3 2024	Change	YTD Q3	YTD Q3	Change
				2025	2024
Revenue	71.3	61.8	15%	206.1	185.9	11%
Recurring revenue	27.8	25.3	10%	82.0	74.0	11%

We expect revenue growth across all key markets over 2025 compared to 2024. While geopolitical developments may affect market conditions, we remain confident in our strategic direction and our ability to execute effectively.

Ruben Wegman, CEO, will step down from his duties for health reasons, effective after the AGM on 8 April 2026. This decision was made in close consultation and mutual agreement with the Supervisory Board. Ruben Wegman was diagnosed with Parkinson in May 2018.

The Supervisory Board intends to appoint Rob Schuurman, currently CCO and member of Nedap's Board of Directors, as CEO immediately following the AGM. Ruben Wegman will continue to fulfil his duties until he steps down to ensure a smooth and orderly transition.

Peter van Bommel, Chairman of the Supervisory Board:

"We regret that Ruben Wegman is forced to step down due to health reasons. We would like to express our gratitude for his leadership and commitment. Under his guidance, Nedap has successfully combined a fundamental transformation with strong growth and solid financial performance. In recent years, we have strengthened Nedap's leadership to execute on the Step Up! strategy. The company is well positioned as a leading digital twin technology company with strong growth opportunities ahead in its key markets.

Rob Schuurman's appointment will secure strong and consistent leadership. Rob brings deep knowledge of Nedap's business and strategy and has long been closely involved in the company's development, with a proven track record of successfully scaling market positions."

Ruben Wegman, CEO:

"Unfortunately, the moment is approaching when my health begins to hinder me in carrying out my tasks and responsibilities. I am proud of what we have achieved together and have full confidence in the future of Nedap."

Rob Schuurman, CCO:

"I appreciate the confidence placed in me by the Supervisory Board. I am determined to lead Nedap into its next phase of growth. Together with our talented teams, clients, and partners, we will build on our strong foundation to shape Nedap's future."

The appointment of Rob Schuurman is subject to customary approvals and consultations.

Healthcare

Within Healthcare (automation of administrative tasks for healthcare professionals in the Netherlands), revenue grew in the third quarter of 2025. This growth was driven by successful onboarding of new clients and a continued expansion of the Ons® Suite at existing customers in the elderly care, mental healthcare and disability care market. In the general practitioner market, several new customers have been contracted and onboarded on our MediKIT platform, strengthening our market position and supporting the transition towards network care.

Livestock

Revenue within the Livestock key market (technological solutions for the global dairy farming industry) increased in the third quarter of 2025 due to favorable market conditions, compared to the same period in 2024. This growth was driven by rising customer demand across multiple regions in both our milking channel and our genetics channel. Our SmartTag-as-a-Service offering continues to expand at a healthy pace, driving growth in recurring revenue and reducing exposure to market volatility.

Retail

Within Retail (RFID solutions for optimized inventory management, seamless shopping experiences and shrinkage prevention), revenue in the third quarter was slightly lower compared to the same period in 2024. iD Cloud continued to grow, driven by increasing adoption of our solution among both existing and new customers. Revenue within our loss prevention proposition declined compared to the same quarter last year, mainly due to longer-than-expected sales cycles.

Security

Within the Security key market (access management and global security systems), revenue increased in the third quarter of 2025 compared to the same period in 2024. Demand for access control remained strong, leading to the delivery of products for several larger projects during the quarter. The growing adoption of upgrade assurance continued to support recurring revenue growth, while our Mobile Access and PACE propositions gained further traction in the market.

Nedap is a leader in Digital Twin Technology, bridging the physical and digital worlds in Healthcare, Livestock, Retail and Security. Through our Technology for Life philosophy, we create sustainable, forward-thinking solutions that help people and organizations succeed in an ever-changing world.

Nedap N.V. has a workforce of over 1,000 employees and operates on a global scale. The company was founded in 1929 and has been listed on Euronext Amsterdam since 1947. Its headquarters is located in Groenlo, the Netherlands.

Rianne Jans CFO +31 (0)544 47 11 11 ir@nedap.com nedap.com

This press release contains the Board of Directors' forward-looking statements and expectations based on current insights and assumptions, which are subject to known and unknown risks and uncertainties. The actual results or events could differ from these expectations due to changes in the economic climate, developments on specific markets, orders from individual customers and/or other developments.

Nedap cannot be required to update the forward-looking statements contained in this document or held responsible for doing so, regardless of whether they are related to new information, future events or suchlike, unless Nedap is required to do so by law.

In case of discrepancies, inconsistencies or interpretation differences between the English and the Dutch version of this press release, this English version will be leading.