Tecnotree Oyj — Earnings Release 2026

Apr 28, 2026

Tecnotree Corporation Financial Report 1 January to 31 March 2026 (unaudited)

Tecnotree Corporation Financial Report 1 January to 31 March 2026 (unaudited)

Tecnotree Corporation Stock Exchange Release 28 April 2026 at 9.00 EEST

This release is a summary of Tecnotree Corporation's Q1 2026 Results. The
complete report is attached to this release as a PDF and is also available on
the Tecnotree website at www.investors.tecnotree.com.

Strong order backlog and stable revenue, free cash flow impacted due to
uncertain times

· Revenue of EUR 16.8 million (16.9), -0.2% YoY, revenue in constant currency
EUR 17.1 million, +1.0% YoY.
· EBIT of EUR 4.6 million (4.5), +1.8% YoY.
· EBIT margin of 27.4% (26.9%), +50 basis points YoY.
· Foreign exchange (FX) gains EUR 1.0 million (-1.4).
· Net income EUR 2.1 million (1.5), +36.5% YoY.
· Free cash flow (FCF) EUR 0.2 million (1.0), -80% YoY.
· Earnings per share (EPS) EUR 0.1 (0.1).
· Order book at the end of the period EUR 105.4 million (70.3), +50.0% YoY.

Key figures, MEUR 1-3/2026 1-3/2025 1-12/2025
Revenue 16.8 16.9 72.4
EBIT 4.6 4.5 25.6
Profit before tax 2.7 2.3 15.4
Net income 2.1 1.5 10.2

Earnings per share EPS, basic, EUR 0.11 0.09 0.60

Order book 105.4 70.3 107.5

Free cash flow (FCF) 0.2 1.0 4.6
Change in cash and cash equivalents -0.4 1.1 2.1
Cash and cash equivalents 18.5 18.0 18.9

Equity ratio % (Equity/Total Liabilities) 81.9 67.5 67.4
Debt Equity ratio % (Debt/Equity) 3.7 4.8 5.3

Personnel at end of period 709  726 704

Unless otherwise stated, all figures presented below are for the financial
period 1-3/2026 and the figures for comparison are for the corresponding period
in 1-3/2025.

Guidance for 2026

· Revenue is expected to grow by low to mid single-digit percentage in
constant currency terms.
· Free cash flow > EUR 5.0 million for the full year

Assumptions for 2026

· The Free Cash Flow guidance for 2026 is based on the company's current
market outlook and exchange rate assumptions, especially devaluation of US
dollar against the EUR.

From CEO's Desk:

Tecnotree continues to “deliver on its promise” for customers despite the
uncertainties in the Middle East; reports strong order backlog and stable
revenue growth

The first quarter of 2026 reflects stable revenue growth supported by
disciplined execution across key customer programs and a strong order backlog.
The company remains profitable, however challenges in collections in the Middle
East region have impacted the free cash flow.

Revenue for the quarter was EUR 16.8 million. The revenue mix reflects the
execution phase of large-scale delivery programs, particularly in MEA and APAC
markets, with delivery revenues representing a higher share. The operating
environment in parts of the MEA region during the quarter was characterized by
increased geopolitical uncertainty, which impacted customer investment timings
and some critical decision cycles in these markets.

Operating performance remained strong, with EBIT of EUR 4.6 million and an EBIT
margin of 27.4%, reflecting consistent operational discipline and platform
scalability. Profitability in the quarter was also supported by favourable
foreign exchange (FX) movements.

Cash flow in the quarter was impacted by challenges in collections in the MEA
region due to the war and geopolitical instability, leading to build-up of
receivables and increase in DSO days.

Tecnotree continued to enhance its platform capabilities during the quarter,
with AI enabled value chain, enhancing customer experience and unlocking new
revenue opportunities through embedded AI across its digital BSS stack. The
company continues focus on increasing efficiency, both for internal functions as
well as for preventive and corrective maintenance for customers, driven through
AI-Operations capabilities, especially around reporting and process automations.

Multiple awards in the quarter validate our continued industry leadership,
including recognition by Asia Telecom Awards in two categories - AI Initiative
of the year and Digital Initiative of the Year: MVNE/MVNO; and CX Catalyst award
for Impact at The Fast Mode Awards 2025.

The order book remained strong at EUR 105.4 million driven by new orders in
Africa and Latin America, reflecting continued demand for Tecnotree's products
and solutions.

The company will continue to closely monitor the situation in ME and take
necessary steps to keep operations stable while we remain committed to
delivering strong and timely support to our customers. Management confirms that
the company's financial performance remains on track, and full-year guidance is
maintained across all key metrics.

Webcast for investors and media

Tecnotree will webcast Q1 results on Wednesday, 29 April 2026 at 10.00 a.m.
EEST (Helsinki). Shareholders and potential investors are invited to pre
-register a zoom account and join the online presentation via this
link: https://zoom.us/j/93938764369.
The event will be recorded, and the presentation materials will be made
available on the company's website investors.tecnotree.com.

Annual General Meeting

On 12 March 2026, the Board of Directors of Tecnotree Corporation resolved to
postpone the Annual General Meeting of the Company and plan for it to be held on
Friday 29 May 2026. The Annual General Meeting was originally planned to be held
on 7 April 2026.

Public Tender Offer for the Shares and Equity Securities of Tecnotree
Corporation

On 27 January 2026, Tecnotree Corporation announced that Resilience Investment
Holdings Ltd, acting on behalf of a consortium comprising Helios Investment
Partners, Fitzroy Investments Limited and Padma Ravichander (the “Consortium”),
has made a voluntary recommended public all-cash tender offer for all issued and
outstanding shares and certain other equity securities of Tecnotree Corporation.

On 25 March 2026, Tecnotree Corporation announced that the processes for
obtaining the necessary regulatory approvals from some of our global operations
are still ongoing and will not be completed within the initial offer period, so
the Offeror has decided to extend the offer period for the Tender Offer to
expire on June 3, 2026, at 4:00 p.m. (Finnish time).

More information on the public tender can be found at
https://investors.tecnotree.com/en/tender_offer

Other events during the period

During the quarter, the lenders compulsory convertible debentures (CCD) Notes
subscribed a total number of 5,781,523 new shares in the Company by exercising
special rights issued in connection with the CCD Notes. The conversion right was
based on the accelerated conversion right triggered pursuant to the terms of the
CCD Notes by the public tender offer published on 27 January 2026. The shares
were registered on 18 February 2026, increasing the total number of shares to
22,834,773, and were admitted to trading on Nasdaq Helsinki in the same class as
existing shares.

On March 12 2026, Tecnotree Corporation's Annual Report for 2025 was published.
Report includes The Financial Statements, Board of Directors' Report,
Sustainability Report, Auditor's Report and Assurance Report on the
Sustainability Report, Corporate Governance statement as well as Remuneration
report.

Events after end of the period

No material changes regarding the company's business or financial position have
materialized after the end of the review period.

Further information:
Indiresh Vivekananda, CFO, indiresh.vivekananda@tecnotree.com
Thomas Koponen, Director Investor Relations, investor.relations@tecnotree.com

About Tecnotree

Tecnotree is a global provider of IT solutions for the management of services,
products, customers and revenue for Communications Service Providers. Tecnotree
helps customers to monetise and transform their business towards a marketplace
of digital services. Together with its customers, Tecnotree empowers people to
self-serve, engage and take control of their own digital life.

Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please
visit

www.tecnotree.com.

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