Pexip Q1 2025 report – Good start of 2025

07 May 2025 07:00 CEST

Oslo, Norway, May 7, 2025 - Pexip Holding ASA ("Pexip" or "The Company", Oslo
Børs Ticker: PEXIP), today presented its quarterly results for the first quarter
of 2025. Key highlights for the quarter include:

- Q1 2025 revenue of NOK 348 million, up 19%y-o-y.

- Pexip’s subscription base measured in ARR was USD 115.5 million at the end of
Q1 2025, up 10% y-o-y.

- EBITDA excluding other gains and losses amounted to NOK 112.5 million, up from
NOK 64.4 million in the same quarter last year.

- Free cash flow of NOK 220.9 million in the quarter, up from NOK 100.5 million
in Q1 2024, with a cash and money market fund position of NOK 830.5 million and
no material interest-bearing debt exiting Q1 2025.

- Announced new product for Google Meet Hardware interop, broadening Pexip's
Connected Spaces offering

- Announcing share buyback of up to 2 million shares or up to NOK 100 million.

- Outlook for Q2 2025 of USD 117-120 million.

“2025 has provided further momentum for Pexip’s growth in particular in the
Secure and Custom video business area, with a strong increase in focus and
awareness of the importance of sovereign IT systems and end to end control.
Pexip is uniquely positioned to provide this for video communication with our
cutting edge self-hosted platform and proven ability to deliver.” 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

Q1 results presentation
The first quarter results for 2025 will be presented by video webcast today,
Wednesday May 7, 2025 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/q1-2025-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 May
7, 2025 at 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

645456_Pexip Q1 2025 Quarterly Presentation.pdf
645456_Pexip Q1 2025 Quarterly Report.pdf