Xploara Technologies — Earnings Release 2026

May 21, 2026

Xplora Q1 26: Record profitability in first quarter and senior SIM service now ready for retail expansion

Xplora Q1 26: Record profitability in first quarter and senior SIM service now ready for retail expansion

Oslo, 21 May 2026 -- Xplora Technologies AS ("Xplora") today published its

results for the first quarter 2026, reporting solid year-on-year subscription

growth and increasing revenue from both recurring services and device sales.

Total revenue increased 11% year-on-year to NOK 376m, with EBITDA increasing

58% to NOK 28m.

At the end of the quarter Xplora had 474k subscriptions, an increase of 32%

compared to the same period last year. This contributed to 15% growth in

service revenue to NOK 92m, whereas device revenue increased 10% to NOK 284m.

Xplora exited Q1 2026 with an ARR of NOK 367m, up 15% from NOK 319m at the end

of Q1 2025.

The company has outlined three strategic levers to drive growth towards the

target of one million subscriptions: expanding its scope of products and

services, broadening its customer reach, and entering more geographical

markets.

"During the quarter, we broadened our product portfolio with the XploraOne

feature phone for children, delivered on important steps towards the senior

SIM service sales in retail, as well as progressed in the development of

premium services for seniors, all of which will be important growth drivers

for the group's subscription base" says CEO Sten Kirkbak.

The total subscription base of 474k currently reflects activity in the

children's market within the Children & Youth segment, as the company is in

the early stages of converting the customer bases in the youth and senior

markets into subscriptions and recurring services revenue. Mobile

subscriptions totalled 299k, with the Nordics still accounting for the

majority, while Germany remained the strongest growth driver.

The group sold a total of 370k connectable devices in Q1 2026, an increase of

15% compared to Q1 2025. This comprised 326k senior phones (+10%) and 44k

devices in the Children & Youth segment (+69%). Q1 is the seasonally slowest

quarter for device sales, especially for the children smartwatch market.

"We continue to show healthy year-on-year growth, and operationally we are

advancing in accordance with our strategy towards becoming the leading

European IoT platform for family-focused connected devices and services"

Kirkbak adds.

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The company will present the financial results for the first quarter today at

08:00 CET at the offices of SpareBank 1 Markets in Olav Vs gate 5, 0161, Oslo.

Program (all times in CET):

07:00: Q1 2026 report published on NewsWeb and Xplora IR website.

08:00: Live and webcasted presentation of Q1 2026 results by CEO Sten Kirkbak,

CFO Knut Stålen, CCO Kjetil Fennefoss, and Business Unit Director Tommy

Krznaric, including Q&A.

The presentation will be transmitted via live webcast on the company's website

at www.xplora.com/investor, and a recording will be made available on the

company's website after the event.

For further information please contact:

Sten Kirkbak, CEO +47 922 03 710, sten.kirkbak@xplora.com

Knut Stålen, CFO +47 920 43 458, knut.stalen@xplora.com

The information contained in this statement has not been audited and may be

subject to change. This information is subject to disclosure requirements in

Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities.

Trading Act section 5-12.

About Xplora Technologies AS:

Xplora Technologies is a Norway-founded, technology company creating smart

devices, services and communication solutions for children, youth and seniors

that keep families connected, safe, and balanced. The company's purpose is to

build a safer and healthier digital life for all generations. As the pioneer

of the kids' smartwatch category in Europe, Xplora Technologies today serves

the full spectrum of family needs from early childhood to later life, through

its two brands Xplora and Doro. The company positions itself as a family-first

organization and a trusted advisor for parents and caregivers throughout the

digital journey, delivering the right technology at the right time. Xplora

Technologies is headquartered in Oslo, Norway with operations in leading

European markets and North America. The company is listed on Euronext Growth

under the ticker XPLRA.