NOD: Second quarter and first half year results 2025

13 Aug 2025 07:00 CEST

(Oslo, Norway – August 13, 2025) Nordic Semiconductor ASA reports revenue of USD
164 million for the second quarter 2025, an increase of 28% from the second
quarter 2024 and up 6% from the previous quarter. Gross margin was 51% in the
second quarter, and EBITDA USD 21 million.

Short-range revenue increased by 26% year-on-year and long-range revenue
doubled, reflecting solid demand across all the main verticals and among both
larger key customers and broad market customers.

For the first half of 2025, total revenue increased by 58% to USD 319 million.
EBITDA improved from a negative USD 30 million in the first half of 2024 to
positive USD 36 million in the same period of 2025.

-We maintain a strong competitive position, enabling us to benefit from a
continuing gradual recovery in the market. We are on track with our innovative
product portfolio renewal and continue to see high design activity with the new
nRF54 and remain confident in our strong long-term growth opportunity, says CEO
Vegard Wollan in Nordic Semiconductor.

The ongoing trade tensions are not considered to have had any major effect on
revenue, neither positive nor negative, although the company recognizes that
this remains a risk factor going forward. Nordic navigates this environment by
continuing its efforts to strengthen supply chain resilience and maintaining
close customer collaborations to support customer needs.

Based on current customer orders, forecasts and acquired business, Nordic
expects revenue for the third quarter 2025 of USD 165-185 million.

Gross margin was 51% in the second quarter 2025 and is expected to stay around
50% in the third quarter. Nordic also reiterates its long-term ambition to
maintain a gross margin level above 50%.

Nordic's longer-term financial ambition on the Group level is to deliver average
annual revenue growth above 20% through the decade, and to move towards its
target operating model profitability level of ~25% EBITDA margin within five
years.

Practical information:

CEO Vegard Wollan and CFO Pål Elstad will host a webcast presenting the second
quarter 2025 results today at 08:00 CEST. The presentation will be held in
English and can be followed live via webcast on the IR pages at
www.nordicsemi.com, with a recorded version being made available after
conclusion of the presentation.

The virtual audience will be given the opportunity to ask questions through a
Q&A dial-in function.

Conference code : 286203

NO: +47 2195 6342
DK: +45 7876 8490 SE: +46 8 1241 0952
FR: +33 1 8122 1259
UK: +44 203 769 6819
US: +1 646 787 0157
DE: +49 30 2178 9327

For further information, please contact:
Pål Elstad, CFO / EVP Finance - Nordic Semiconductor ASA Phone: +47 991 66 293
Ståle “Steel” Ytterdal, SVP IR - Nordic Semiconductor ASA Phone: +47 930 37 430

About Nordic Semiconductor:
Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions,
from proprietary technologies for PC accessories to today’s Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway. For more information, go to www.nordicsemi.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 Kine-Elena Reigstad, VP
International Finance, Nordic Semiconductor ASA, on August 13, 2025, at 07:00
CEST.

More information:
Access the news on Oslo Bors NewsWeb site

652635_NOD Q2 2025 Report.pdf
652635_NOD Q2 2025 Presentation.pdf