River Tech PLC — Investor Presentation 2025

Apr 24, 2025

EOY 2024 & Q1 2025 04/25

www.river.tech

Disclaimer Chairman Overview CEO Statement Board of Directors Management Team JAN - DEC 2023 VS 2024 Q1 2024 VS 2025 Quarter on Quarter KPI Revenue Our Prducts and Solutions

EOY 2024 & Q1 2025

This presentation (the "Presentation") has been produced by River Tech Plc (the "Company") solely for use at presentations to potential investors and other stakeholders. By reading this Presentation or attending any meeting or oral presentation held innrelation thereto, you (the "Recipient") agree to be bound by the following terms, conditions and limitations. The Presentation is for information purposes only and does not in itself constitute, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Information contained in this Presentation has not been independently verified. None of the Company or any of its parent or subsidiary undertakings or affiliates, or any directors, officers, employees, advisors or representatives of any of the aforementioned (collectively the "Representatives") make any representation or warranty (express or implied) whatsoever as to the accuracy, completeness or sufficiency of any information contained herein, and nothing contained in this Presentation is or can be relied upon as a promise or representation by the Company or any of its Representatives. None of the Company or any of its Representatives shall have any liability whatsoever (in negligence or otherwise) arising directly or indirectly from the use of this Presentation or its contents, including but not limited to any liability for errors, inaccuracies, omissions or misleading statements in this Presentation. The Recipient will be required to conduct its own analysis and acknowledges and accepts that it will be solely responsible for its own assessment of the Company, the market, the market position of the Company, the Company's funding position, and the potential future performance of the Company's business and securities.

The Company has not authorized any other person to provide Recipients with any other information related to the Company and the Company will not assume any responsibility for any information other persons may provide.

An investment in the Company involves risk, and several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation, including, among others, risks or uncertainties associated with the Company's business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments,

fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation. An investment in the Company is suitable only for investors who understand the risk factors associated with this type of investment and who can afford a loss of all or part of their investment.

This Presentation speaks as at the date set out on its front page. Neither the delivery of this Presentation nor any further discussions of the Company with the Recipient shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. The Company assumes no obligation to update or revise the Presentation or disclose any changes or revisions to the information contained in the Presentation.

The contents of this Presentation shall not be construed as financial, legal, business, investment, tax or other professional advice. The Recipient should consult its own professional advisers for any such matter and advice.

This Presentation contains certain forward-looking statements relating to inter alia the business, financial performance and results of the Company and the industry in which it operates. Any forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts and are subject to risks, uncertainties and other factors that may cause actual results and events to be materially different from those expected or implied by the forwardlooking statements. None of the Company or any of its Representatives provides any assurance that the assumptions underlying such forwardlooking statements are free from errors nor do any of them accept any responsibility for the future accuracy of opinions expressed in this Presentation or the actual occurrence of forecasted developments.

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The Company has not authorized any offer to the public of securities, or has undertaken or plans to undertake any action to make an offer of securities to the public requiring the publication of an offering prospectus, in any member state of the European Economic Area which has implemented the EU Prospectus Directive 2003/71/EC.

In the event that this Presentation is distributed in the United Kingdom, it shall be directed only at persons who are either "investment professionals" for the purposes of Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or high net worth companies and other persons to whom it may lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this Presentation or any of its contents. Any investment or investment activity to which this Presentation relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons.

This Presentation does not constitute an offer of securities for sale into the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold within the United States, absent registration or under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. In the United States, the securities described herein will (if offered) be offered only to qualified institutional buyers ("QIBs") within the meaning of, and as defined in, Rule 144A under the Securities Act. Outside the United States, the securities described herein will (if offered) be offered in accordance with Regulation S under the Securities Act to non-U.S. persons (as defined in Regulation S).

This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts.

EOY 2024 & Q1 2025 03

DISCLAIMER

Chairman Overview Richard Trinder

cHAIRMAN oVERVIEW rIVERTECH - BRINGING YOUR IDEAS TO LIFE

I am pleased to share this update on the work undertaken at Board level to support River Tech's continued strategic evolution and long-term focus on value creation.

During the first quarter, I remained actively engaged with the executive team, offering strategic oversight and contributing to Board-level discussions that shape the direction of the business. Particular attention has been given to ensuring our organisational priorities remain aligned with long-term shareholder value and are responsive to broader market shifts. Strategic Oversight and Leadership

A central area of focus has been strengthening our investor and industry relationships network. These interactions have helped position River Tech more firmly within the European investment ecosystem, supporting visibility that aligns with our disciplined investment approach.

BUILDING MARKET CONNECTIVITY

cHAIRMAN oVERVIEW

EOY 2024 & Q1 2025 05

Sector Exploration and Education

Governance and Representation

Looking Ahead

We have continued to evaluate opportunities in adjacent sectors with an eye toward diversification that complements our core business. While no decision has been finalised in this regard, we remain confident in our methodical approach to identifying the right long-term opportunities.

Board meetings and committee activity proceeded as planned, with continued emphasis on maintaining strong governance, risk awareness, and compliance across the Group. I have also participated in select industry forums and high-level stakeholder meetings, reinforcing River Tech's pr esence in key conversations and keeping pace with shifting dynamics in our space.

As we move into the second half of 2025, the Board remains committed to guiding the business with prudence and clarity. We will continue to support management in executing the agreed strategic plan while upholding the governance standards and stakeholder trust that define our long-term success.

Chief Executive Officer Luke Ciantar

cEO STATEMENT rIVERTECH - BRINGING YOUR IDEAS TO LIFE

As we reflect on the close of 2024 and look ahead through the first quarter of 2025, I am pleased to report that River Tech has maintained a strong and stable trajectory, operationally and financially. Our focus on operational efficiency, consistent performance, and financial prudence has enabled us to strengthen our foundation further while remaining agile in an evolving market landscape.

Throughout 2024, we delivered a stable performance across all key financial metrics, with profitability remaining strong and cash flow generation consistently healthy. Revenue remained within expected ranges, preserving high-quality margins through disciplined cost management and sustained focus on our core offering.

This period of stability has once again enabled us to deliver value to our shareholders. I am pleased to announce that, following the previously distributed dividend of 2.5 NOK per share, we will now be issuing an increased dividend of 3 NOK per share. This includes a special dividend of 0.5 NOK, intended to reinforce investor confidence in the company during a time of broader market turbulence. The increase reflects our continued confidence in the company's financial position and our steadfast commitment to rewarding the trust placed in us by our shareholders.

cEO sTATEMENT

EOY 2024 & Q1 2025 07

2025 Outlook: Building on a Strong Foundation

With the fundamentals in place, Q1 2025 marked the start of a strategic shift in how we think about growth. Having achieved operational maturity in our core business, our attention has turned towards identifying new B2B partnerships that align with our capabilities and long-term vision. This is not a departure from our disciplined approach. It is a natural next step as we evolve our business into a more connected, opportunity driven ecosystem.

We remain committed to preserving our core strengths: efficient operations, high service standards, and strong cash flow. At the same time, we will continue to assess new business development opportunities that complement our existing framework and deliver long-term shareholder value.

I want to thank our shareholders for their continued trust and our teams for their professionalism and focus. River Tech is entering its next chapter with a clear purpose and is open to opportunity.

BOARD OF DIRECTORS

Richard has held key leadership roles in multinational organisations and startups across a variety of industries. His strategic insights and deep understanding of technology trends enhance the board's expertise and are key in shaping the Company's future.

Chairman Richard Trinder

Luke has over 15 years of experience in the technology industry, primarily dealing with local and international clients and managed services. His broad expertise across various technology sectors positions him as a key figure in shaping the group's strategic direction.

Executive Director Luke Ciantar

Shawn is central to formulating River Tech's business structure. A chartered accountant by profession, he is charged with the key role of assessing investments against cost efficiencies, ensuring that the Company consistently achieves and maintains operational profitability.

Non-Executive Director Shawn Bezzina

A lawyer by profession since 1999, Kathleen has been extensively involved in the setting up, executing and managing transactions involving multinational groups in various sectors, with a focus on gaming law and financial services sectors.

Non-Executive Director Kathleen Zarb Adami

MANAGEMENT TEAM

Daniela has been with River Tech Plc since April 2019. Currently occupying the post of CFO, she has been in the finance industry for over 10 years and has a strong background in audit and finance from PwC. She has built a strong team, not only in finance but also in HR within River Tech.

Chief Financial Officer Daniela Pulis

Chief Operations & Product Officer Pawlu Frendo

Pawlu Frendo carries the role of Chief Operations and Product Officer. In his capacity, he continues to focus on the Company's operations and client-facing products and services. Working closely with his team, he aims to take River Tech's product offering to the next level.

Joseph Debono sits as Chief Technology Officer for River Tech. He is responsible for overseeing all technology aspects of River Tech's products. He works closely with the CEO and COO/CPO to grow and improve the product offering and team culture using his experience and professionalism.

Chief Technology Officer Joseph Debono

Chief Legal & Compliance Officer Rachel Mifsud Bonnici

Dr Rachel Mifsud Bonnici, currently occupying the role of Chief Legal and Compliance Officer. In her role, Dr Mifsud Bonnici continues to lead the implementation of legal requirements and compliance management, ensuring that areas of potential risk within River Tech's products and services are identified effectively.

Profit from continuing operations

JAN - DEC 2023 VS 2024 River Tech plc (Group)

2023

Proforma (EUR)

Revenue	15,377,296	14,630,600
Direct Costs	(4,044,400)	(4,382,865)
Gross Contribution	11,332,896	10,247,735
Operating Costs	(2,350,952)	(2,635,414)
EBITDA	8,981,944	7,612,321
Depreciation	(61,721)	(75,547)
Other Finance Costs	(208,052)	(125,955)
Profit from operations	8,712,171	7,410,819

2024

Proforma (EUR)

Profit from continuing operations

JAN - DEC 2023 VS 2024 River TechNOLOGIES

2023

Proforma (EUR)

Revenue	15,377,296	14,630,600
Direct Costs	(4,044,400)	(4,382,865)
Gross Contribution	11,332,896	10,247,735
Operating Costs	(1,832,237)	(2,012,743)
EBITDA	9,500,658	8,234,991
Depreciation	( 61,022)	(74,847)
Other Finance Costs	(80,412)	(120,511)
Profit from operations	9,359,225	8,039,633

2024

Proforma (EUR)

Gross Contribution

Profit from continuing operations

Q1 2024 VS 2025 River Tech plc (Group)

2024 Proforma (EUR)

Revenue	3,630,360	3,600,000
Direct Costs	(1,091,602)	(1,032,425)
Gross Contribution	2,538,758	2,567,575
Operating Costs	(630,405)	(680,029)
EBITDA	1,908,353	1,887,546
Depreciation	(17,345)	(12,421)
Other Finance Costs	(41,926)	(11,927)
Profit from operations	1,849,082	1,863,197

2025 Proforma (EUR)

Gross Contribution

EOY 2024 & Q1 2025 13

2024 Proforma (EUR)

RIVER TECHNOLOGIES Q1 2024 VS 2025

Revenue	3,630,360	3,600,000
Direct Costs	(1,091,602)	(1,032,425)
Gross Contribution	2,538,758	2,567,575
Operating Costs	(508,313)	(530,000)
EBITDA	2,030,445	2,037,576
Depreciation	(17,170)	(12,246)
Other Finance Costs	(34,621)	(22,726)
Profit from operations	1,978,654	2,002,603

2025 Proforma (EUR)

QUARTER ON QUARTER RIVER TECH PLC (GROUP)

EOY 2024 & Q1 2025 14

	2025 Proforma (EUR)
	Q1 (Eur)	Q4 (Eur)	Q3 (Eur)
	Proforma	Proforma	Proforma
Revenue	3,600,000	3,600,000	3,620,000
Direct Costs	(1,032,425)	(1,048,853)	(1,103,397)
Gross Contribution	2,567,575	2,551,147	2,516,604
Operating Costs	(680,029)	(660,918)	(580,038)
EBITDA	1,887,546	1,890,228	1,936,566
Depreciation	(12,421)	(18,864)	(19,052)
Other Finance Costs	(11,927)	(32,217)	(34,842)
Profit from operations	1,863,197	1,839,147	1,882,672

2024 Proforma (EUR)

Q2 (Eur)	Q1 (Eur)
Proforma	Proforma
3,780,240	3,630,360
(1,139,013)	(1,091,602)
2,641,227	2,538,758
(764,053)	(630,405)
1,877,174	1,908,353
(20,286)	(17,345)
(16,970)	(41,926)
1,839,918	1,849,082

QUARTER ON QUARTER RIVER TECHNOLOGIES

EOY 2024 & Q1 2025 15

	2025 Proforma (EUR)
	Q1 (Eur)	Q4(Eur)	Q3(Eur)
	Proforma	Proforma	Proforma
Revenue	3,600,000	3,600,000	3,620,000
Direct Costs	(1,032,425)	(1,048,853)	(1,103,397)
Gross Contribution	2,567,575	2,551,147	2,516,604
Operating Costs	(530,000)	(491,377)	(431,347)
EBITDA	2,037,576	2,059,769	2,085,256
Depreciation	(12,246)	(18,689)	(18,877)
Other Finance Costs	(22,726)	(25,567)	(28,929)
Profit from operations	2,002,603	2,015,513	2,037,450

2024 Proforma (EUR)

Q2 (Eur)	Q1 (Eur)
Proforma	Proforma
3,780,240	3,630,360
(1,139,013)	(1,091,602)
2,641,227	2,538,758
(581,706)	(508,313)
2,059,521	2,030,445
(20,111)	(17,170)
(31,395)	(34,621)
2,008,015	1,978,654

KPI - REVENUE LICENSED & SERVICE / SUPPORT SPLIT

EOY 2024 & Q1 2025 16

Q1 (Eur)	Q2 (Eur)	Q3 (Eur)	Q4 (Eur)
2,100,360	2,100,240	2,100,000	2,100,000
1,530,000	1,680,000	1,520,000	1,500,000
3,630,360	3,780,240	3,620,000	3,600,000

Churn Rate 0%

EOY 2024 & Q1 2025 17

BRINGING IDEAS TO LIFE: OUR PRODUCTIONS & SOLUTIONS

River Tech Plc has a clear vision and strategy to become a leading B2B provider of high-quality technological services through the development of proprietary products across emerging and rapidly growing sectors.

With many years of technology experience across a diverse range of both highly regulated and complex sectors, River Tech has a proven track record of delivering high performing technology projects and products.

Our offering combines five core elements to create bespoke technology and platform solutions for our clients no matter what the sector they are in.

Business Development Product Development Quality Assurance Infrastructure

Thank-you for your attention!