Zaptec AS — Investor Presentation 2025

Aug 20, 2025

Zaptec powers adventure

Q2 2025

Financial results August 20th 2025

Delivering according to plan

3

5

1. Increased revenue, gross margin and EBITDA

2. 1. Strong order intake and solid backlog visibility 2
3. 1. Scaling up new product deployment

• 1. Ramping up in major markets
• 1. Inventory approaching normalized level

• 6

• Significant cash flow and strengthened liquidity

Financial highlights

Revenue Order intake 383 +13% vs. Q2 2024

445 +30% vs. Q2 2024

Order backlog Gross margin 567 +24% vs. Q2 2024

41% vs. 39% vs. Q2 2024

OPEX EBITDA 112 vs. 98 in Q2 2024

44

vs. 34 in Q2 2024

13% revenue growth in the second quarter

24 MNOK one-off financial revenue related to sale of non-core asset

30% increase in order intake

backlog of 567 MNOK at the end of the quarter

Improved gross margin

All time high quarterly EBITDA

LTM EBITDA demonstrates steady progress

LTM = Last Twelve Months

EV market continues to strengthen

Plug-in vehicle sales Q2 2025 vs Q2 2024 (%)

• Build on success in core markets 1.
• Accelerate rollout of new products 2.
• Expand in major markets 3.
• Optimize cash flow 4.

Rising installation rates

• Build on success in core markets 1.
• Accelerate rollout of new products 2.
• Expand in major markets 3.
• Optimize cash flow 4.

Production ramp-up according to plan

Zaptec Pro M&E Zaptec Go 2

• Build on success in core markets 1.
• Accelerate rollout of new products 2.
• Expand in major markets 3.
• Optimize cash flow 4.

84% growth and building for the future with new partnerships

Revenue, MNOK

Major markets: Benelux, UK, Germany and France

• Build on success in core markets core 1.
• Accelerate rollout of new products 2.
• Expand in major markets 3.
• Optimize cash flow 4.

Controlled Opex enabling focused investment in growth and innovation

5 MNOK one-off cost related to 25% headcount reduction in marketing

MNOK

• 1. Build on success in core markets core
• 1. Accelerate rollout of new products
• 1. Expand in major markets
• 4. Optimize cash flow

Inventory down 68 MNOK, approaching target level

• 1. Build on success in core markets core
• 1. Accelerate rollout of new products
• 1. Expand in major markets
• 4. Optimize cash flow

Significant cash flow added 139 MNOK in liquidity

MNOK

Q2 summary

• Increased revenue, gross margin and EBITDA
• Strong order intake and solid backlog visibility
• Scaling up new product deployment
• Ramping up in major markets
• Inventory approaching normalized level
• Significant cash flow and strengthened liquidity

Outlook •

• European EV market growth expected to continue
• Zaptec maintains a solid position in core markets •
• Robust order backlog provides operational stability •
• Momentum building in Benelux, UK, France and Germany •
• Continued outlook for profitable growth •