Smartoptics Group AS — Earnings Release 2025

Feb 19, 2026

Smartoptics Group ASA (SMOP) - Q4 2025 Financial Results

Smartoptics Group ASA (SMOP) - Q4 2025 Financial Results

Oslo, February 19, 2026 - Smartoptics Group ASA (Smartoptics, OSE: SMOP) today

reported record revenues of USD 23.2 million in the fourth quarter of 2025, an

increase of 37.7 percent compared to the same period last year. The gross margin

for the quarter was 46.1 percent, compared to 49.0 percent in Q4 2024. Fourth

quarter EBITDA amounted to USD 3.6 million (Q4 2024: 2.4 million). Demand

accelerated towards the end of the year, and all product areas contributed to

growth, with Optical Devices delivering a record quarter.

"2025 has been a phenomenal year for Smartoptics. We delivered strong growth,

improved profitability, and meaningful strategic progress, closing the year with

record revenues in the fourth quarter," says Magnus Grenfeldt, CEO of

Smartoptics, and continues:

"The momentum reflects continued investment appetite across our customer

segments, particularly within data centers and AI-driven workloads. We also

secured new orders from major operators, neo-scalers, and Internet Content

Providers across EMEA and the US, confirming the strength of our open,

cost-efficient solutions and our strategic focus on large accounts."

In the fourth quarter, Smartoptics saw broad based growth across its portfolio.

Growth in the US remained strong, driven by investments across Communication

Service Providers and Internet Content Providers. EMEA also showed quarter on

quarter improvement during the second half of the year, while APAC activity

continued to be more project driven. New customers accounted for more than 15

percent of invoiced customers in 2025, and customer retention remained

high.

Earlier in 2025, Smartoptics presented its ambition to grow market share two to

three times in relevant segments towards 2030, targeting an EBIT margin in the

range of 13-16 percent.

"Looking ahead, the long-term fundamentals in our market remain very attractive.

The demand for bandwidth continues to grow, and AI is accelerating the need for

scalable, high-capacity optical networks across data center, metro, and regional

environments. With strong momentum, a solid financial foundation, and a clear

strategic direction, we remain confident in our ability to deliver profitable

growth over the coming years," Magnus Grenfeldt ends.

The Smartoptics Board of Directors intends to propose to the Annual General

Meeting May 7. 2026 a dividend of NOK 0.60 per share, unchanged compared to the

previous year.

The report and presentation for the fourth 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: Thursday February, 19, 2026

. Venue: Hotel Continental, Oslo

. Time: 08:00 CET

. Language: English

. Link: https://qcnl.tv/p/Qzz69vT79YRATNnIad_NKA

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.