Smartoptics Group AS

Earnings Release • Oct 29, 2025

Smartoptics Group ASA (SMOP) - Q3 2025 Financial Results

Smartoptics Group ASA (SMOP) - Q3 2025 Financial Results

Oslo, October 29, 2025 - Smartoptics Group ASA (Smartoptics, OSE: SMOP) today

reported revenues of USD 19.0 million in the third quarter of 2025, representing

a growth of 46.2 percent. The gross margin for the quarter reached 49.5 percent,

up from 47.4 percent in the same period last year. Third quarter EBITDA was USD

2.4 million (Q3 2024: 1.1 million). Excluding non-recurring cost of USD 0.7

million related to the uplisting to Euronext Oslo Børs, EBITDA was USD 3.1

million, equaling an EBITDA margin of 16.5 percent (8.3 percent).

"Smartoptics continues to deliver strong results aligned with our long-term

growth strategy. This quarter marks our second consecutive all-time high

quarterly revenue. Our scalable business model continues to drive

profitability," says Magnus Grenfeldt, CEO of Smartoptics, and continues:

"The momentum we see in Smartoptics reflects continued investment appetite

across all our customer segments, particularly related to data centers, where

the strong demand is partly related to the rapid adoption of AI technologies. We

are proud to have secured orders from leading neo-scalers and large operators

across EMEA and the US, validating our strategic focus to deliver competitive

solutions for larger accounts."

In the third quarter, Smartoptics saw growth across all product areas. This was

mainly driven by the range of high performance new-generation products launched

in 2024 and 2025. Additionally, the business area Optical Devices is

increasingly showing momentum.

Earlier this year, Smartoptics launched its ambition to increase market share

with two to three times in relevant markets, targeting an EBIT margin in the

range of 13-16 percent.

"Our confidence is grounded in the strength of our flexible, best-in-class

solutions, our attractive modern software suite, growing traction among large

accounts, and our agility as a mid-sized industry challenger," said Magnus

Grenfeldt.

The report and presentation for the third quarter 2025 are enclosed.

-ENDS-

Quarterly presentation

Smartoptics will host a presentation of the results by CEO Magnus Grenfeldt and

CFO Stefan Karlsson today at 08:00 CET at Hotel Continental in Oslo. The

presentation will also be streamed live.

Date: Wednesday October, 29, 2025

Venue: Hotel Continental, Oslo

Time: 08:00 CET

Language: English

Link: https://channel.royalcast.com/landingpage/hegnarmedia/20251029_4/

The report and presentation will be made available at smartoptics.com and

www.newsweb.no. A recorded version of the presentation will be available after

the live stream is concluded.

For more information, please contact:

Magnus Grenfeldt, CEO Smartoptics

Telephone: +46 73 366 88 77

Email: magnus.grenfeldt@smartoptics.com

About Smartoptics

Smartoptics provides innovative optical networking solutions and devices for the

new era of open networking. Our customer base includes thousands of enterprises,

governments, cloud providers, Internet exchanges as well as cable and telecom

operators. We have an open networking approach in everything we do which allows

our customers to break unwanted vendor lock-in, remain flexible and minimize

costs. Our solutions are used in metro and regional network applications that

increasingly rely on data center services and specifications. Smartoptics is a

Scandinavian company founded in 2006. We partner with leading technology and

network solution providers such as Brocade, Cisco and Dell and have a global

reach through more than 100 business partners.

For additional information about Smartoptics, please visit smartoptics.com.

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 Per Burman, Chief Marketing Officer of

Smartoptics, at the time and date set out above.