Pexip Q4 2024 report – Continue to build momentum

13 Feb 2025 07:00 CET

Oslo, Norway, February 13, 2024 - Pexip Holding ASA ("Pexip" or "The Company",
Oslo Børs Ticker: PEXIP), today presented its quarterly results for the fourth
quarter and full year of 2024. Key highlights for the quarter include:

- Q4 2024 ARR of USD 113.1 million, up 10% y-o-y. Collected consensus of USD
113.1 million.

- Continued strong growth in Secure & Custom with USD 3.9 million
quarter-on-quarter growth, taking y-o-y growth to 24%.

- Q4 2024 recognized revenue of NOK 333 million, up 17% y-o-y. Collected
consensus of NOK 326.2 million.

- Q4 2024 EBITDA excluding other gains and losses of NOK 88 million, up 49%
y-o-y. Collected consensus of NOK 88.5 million.

- Dividend recommendation to Annual General Meeting of NOK 2.5 per share.

- Announced new long-term financial ambition - To deliver Rule of 40 performance
across ARR growth and EBITDA margin

- Outlook for Q1 2025 of USD 114-117 million. Collected consensus of USD 116
million.

“2024 has delivered a clear step-change in performance, reaping the results of
the strategy Pexip has executed on since 2022. We continue to build momentum in
both business areas and are well on our way to build global leadership positions
in the markets we operate in. Based on this we are launching a new long-term
financial ambition to reach Rule of 40 performance.” Trond K. Johannessen Chief
Executive Officer

Analyst consensus estimates
Every quarter ahead of the earnings announcement, Pexip collects earnings
estimates from the equity analysts currently covering the Company. The consensus
estimates and the methodology used in the preparation of the consensus estimates
are published on the Company’s IR web pages here:
https://investor.pexip.com/consensus

Q4 results presentation
The fourth quarter and full year results for 2024 will be presented by video
webcast today, Thursday February 13, 2024 at 08:30 CET. The presentation will be
held by Trond K. Johannessen (CEO), Øystein Dahl Hem (CFO), and Åsmund Fodstad
(Chief Revenue Officer) The presentation will be held in English and conducted
as a webcast. Questions can be submitted to IR@pexip.com in advance of the
presentation or live during the presentation.

Please join the webcast via the following link:
https://www.pexip.com/events/q4-2024-results-presentation

A recorded version of the presentation will also be available after the webcast
is concluded.

For questions, please contact: Øystein Dahl Hem, CFO IR@pexip.com, +47 992 34
596


About Pexip | pexip.com Pexip is a video technology company that offers
multi-platform software for various purposes such as business meetings, secure
government communication, doctor's appointments, and court proceedings. It is an
excellent tool for organizations that want seamless, secure, and scalable
meetings that enhance the video experience. Pexip (PEXIP) is listed on the Oslo
Stock Exchange. Visit us at www.pexip.com or on LinkedIn

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5 -12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Øystein Dahl Hem, CFO, Pexip Holding ASA, on
February 13, 2024 at 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

638466_Pexip Q4 2024 Quarterly Report.pdf
638466_Pexip Q4 2024 Quarterly Presentation.pdf