Smartoptics Group AS (SMOP) - Q1 2025 financial results

08 May 2025 07:00 CEST

Oslo, 8 May 2025 - Smartoptics Group AS (Smartoptics, OSE: SMOP) today reported
revenues of USD 14.4 million in the first quarter of 2025. This is a growth of
13.5 percent compared to the first quarter of 2024. EBITDA was USD 1.2 million
(1.1 million in the first quarter of 2024). The gross margin of 47.3 percent,
down from 48.6 percent in the first quarter of 2024. The EBITDA margin was 8.4
percent, unchanged compared to the same quarter in 2024.

"In the first quarter of 2025, Smartoptics continued to grow well. This is
another proof point that we are back on our long-term trend of solid growth, as
anticipated," says Magnus Grenfeldt, CEO of Smartoptics.

The positive development, driven by Solutions, Software and Services in Americas
and APAC, is underpinned by the successful launch of a range of new products
during 2024. The enhancements and expansion of the product portfolio provide
performance improvement and position Smartoptics as more relevant for larger
networks and larger customers. This has resulted in new partnerships with larger
customers.

"The ever-growing demand for bandwidth provides long-term tail wind for us. We
focus on broadening our product portfolio, allowing us to expand our addressable
market into regional networks, and we see that ever more customers want to move
towards more cost efficient and flexible IP over DWDM networks," Grenfeldt adds.

In 2025, Smartoptics focuses particularly on AI and network automation, aiming
for greater simplicity, increased automation of network operations across
network layers which ultimately will open up for new revenue streams.

"Altogether, we are confident that there are incremental revenue streams to be
developed over time, and that we will be able to continue to capture market
shares to leverage our technology, pipeline and growth opportunities in 2025,"
Grenfeldt concludes.
Quarterly presentation

Smartoptics will host a presentation of the results by CEO Magnus Grenfeldt and
CFO Stefan Karlson today at 09:00 CET at Hotel Continental in Oslo. The
presentation will also be streamed live.

Date: Thursday May 8, 2025
Time: 9:00 CET
Venue: Hotel Continental, Oslo
Language: English
Link: https://channel.royalcast.com/landingpage/hegnarmedia/20250508_3/

The report and presentation will be made available at smartoptics.com and
www.newsweb.no. A recorded version of the presentation will be available after
the live stream is concluded.

For more information, please contact:
Magnus Grenfeldt, CEO Smartoptics
Telephone: +4673 366 88 77
Email: magnus.grenfeldt@smartoptics.com

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 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Per Burman, Chief Marketing Officer of
Smartoptics, at the time and date set out above.

More information:
Access the news on Oslo Bors NewsWeb site

645664_SMOP_Q1_25_stock_exchange_release.pdf
645664_Smartoptics_Q1_2025_Financial_Presentation.pdf
645664_Smartoptics_Q1_2025_report.pdf