Webstep — Earnings Release 2026

May 20, 2026

Webstep ASA: First quarter results 2026

Webstep ASA: First quarter results 2026

Oslo, 20 May 2026

Financial highlights:

· Revenue NOK 209.7m (236.4), -11.3% y/y

· EBIT NOK 15.9m (22.6), corresponding to a margin of 7.6% (9.6%)

· 386 employees at the end of quarter, down from 400 in Q4 25

The revenue decline was primarily driven by lower headcount while hourly rates

increased in line with the consumer price index, reflecting disciplined

commercial execution and recognised client value. Utilisation was impacted by

long-term projects coming to an end, though improvement was seen as the quarter

progressed. The EBIT margin was protected by flexible salary models but

negatively impacted by reduced scale. The market in Q1 remained challenging,

with high activity level in the public sector albeit pricing pressure and

cautiousness in the private sector.

CEO comment:

"Q1 was a demanding quarter, and we are clear-eyed about the drivers. The

reduction in headcount reflects both a deliberate strategic recalibration and a

market where competition for talent is intense. What gives us confidence is the

quality of what we are building: stronger commercial leadership, a sharper

competence profile, and growing traction in AI-related work. We believe the

worst of the headcount adjustment is behind us, and we expect gradual

improvement through the second half of 2026," says CEO Kristine Lund.

Commercial highlights:

· A dedicated AI team was established to scale AI-related deliveries and

client offerings

· Selected hiring with capacity added in high-demand fields, like AI skilled

senior developers

· New frame agreements were signed with Havtil, and Nettalliansen was added as

a new client with an end-to-end data platform delivery based on AWS, Snowflake

and dbt

· Strengthened commercial organisation with the appointments of Runar Thorsrud

as National Sales Director and Ragnar Alstad as National Industry Lead for Oil

and Gas

Outlook

Market conditions are expected to remain uncertain in the near term, with

continued pricing pressure and cautious client behaviour likely to persist

through at least the first half of 2026.

Contact details for further information:

Henning Hesjedal, CFO

Cell: +47 916 83 601

Email: ir@webstep.no

Website: www.webstep.no

Webstep ASA is a provider of consultancy services to the private and public

sector, with the IT expertise necessary to deliver the most demanding

digitalisation and IT services.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.