Zalaris

Earnings Release • Apr 30, 2025

Zalaris ASA: Another quarter with record-high revenue and EBIT

Zalaris ASA: Another quarter with record-high revenue and EBIT

Zalaris ASA (OSE:ZAL) reported record revenue of NOK 370 million and adjusted

EBIT of NOK 52.1 million for Q1 2025.

Reported revenue for the quarter was NOK 370.2 million, up 16.2% from NOK 318.5

million in the same quarter last year.

Adjusted EBIT* increased by 50% to NOK 52.1 million, corresponding to a 14.1%

margin for the quarter.

The reported EBIT ended at NOK 41.7 million compared to NOK 32.5 million last

year.

The Board has proposed a dividend of NOK 0.90 per share for 2024, to be approved

by the annual general meeting on 22 May.

"Q1 2025 continued the strong momentum we built in 2024, and I am pleased to

share that we have once again delivered record-breaking results." says Hans

-Petter Mellerud, CEO and founder of Zalaris.

"This performance reflects continued improvements across our operations-driven

by growth in our customer base, cost optimisation efforts, and the strength of

our resilient business model." continues Mellerud.

Zalaris will host a streamed management presentation at 08:30 CET today followed

by a Q&A session. The webcast will be available on ir.zalaris.com or directly on

Teams (https://teams.microsoft.com/l/meetup

-join/19%3ameeting_MzhiY2FiNjMtNTc3Yi00YzA1LWJjYTAtOGVhNDM2ZWRlYTk4%40thread.v2/0

?context=%7B%22Tid%22%3A%22a16eb8e2-803d-4f22-849c

-f3f335a60a39%22%2C%22Oid%22%3A%22bf49dddc-8238-4b99-a279

-e3cd579293a1%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btyp

e=a&role=a).

The presentation of the first quarter 2025 financial result and the financial

report are enclosed.

Zalaris ASA Q1 2025 Presentation (https://ir.zalaris.com/wp

-content/uploads/sites/3/2025/04/Zalaris-ASA-Q1-2025-Presentation.pdf)

Zalaris ASA Q1 2025 Report (https://ir.zalaris.com/wp

-content/uploads/sites/3/2025/04/Zalaris-ASA-Q1-2025-Report.pdf)

* Adjusted EBIT and other alternative performance measures (APMs) are defined

and reconciled to the IFRS financial statements as a part of the APM section of

the first quarter 2025 financial report on page 27 to 29.

Contact:

Hans-Petter Mellerud, CEO

Mobile: +47 928 97 276

E-mail: hans-petter.mellerud@zalaris.com

Gunnar Manum, CFO

Mobile: +47 951 79 190

E-mail: gunnar.manum@zalaris.com

About

Zalaris (OSLO: ZAL) simplifies HR and payroll administration and empower

customers with useful information so that they can invest more in people. We are

a leading service provider of Human Experience Management (HXM) solutions across

Europe, serving more than 1.5 million employees with an annual revenue of NOK

1,398 million  (LTM Q1 2025). We hold #1 or #2 positions in most of our markets.

Our consultants have more than 25 years of experience in transforming HR with

our clients. Simplify work life. Achieve more. For more information, go to

www.zalaris.com.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements according

to section 5-12 of the Norwegian Securities Trading Act.