Otovo ASA: Third quarter 2025 financial results

06 Nov 2025 07:15 CET

Oslo, 6 November 2025:

Please find attached the quarterly report and quarterly presentation.

As announced in a separate notice today on 6 November 2025, the Board of
Directors of Otovo ASA (the "Company" or "Otovo") and of Onvis Inc. (“Onvis”)
have resolved to enter into a combination agreement.

Andreas Thorsheim (CEO of Otovo) and William J. (John) Berger (CEO of Onvis)
will give a presentation in a webcast at 08:30 CET on 06 November, that will
include a presentation of the combination and offer the opportunity for
investors to ask questions about it and the quarterly earnings. Interested
parties are directed to the enclosed report for further details.

The webcast can be viewed through the following link:
https://investor.otovo.com/news#OTOVO/event/78ec51f2?q3-2025-webcast

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KEY FIGURES (change QoQ)
Order intake: NOK 152m (-15%)
Revenue: NOK 150m (-1%)
Backlog: NOK 224m (+1%)
Gross profit: NOK 35m (-3%)
Gross margin: 23.5% (-0.4%p)
EBITDA: NOK -60m (-2m)

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Disclosure Regulation

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Metrics used in this notice are defined in the attached financial report.

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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the
roof, and batteries in the home. Otovo is a marketplace that organizes hundreds
of local, high quality and qualified energy installers. The company uses its
proprietary technology to analyze the potential of any home and finds the best
price and installer for customers based on an automatic bidding process between
available installers.

Follow us on investor.otovo.com for reports, financial calendar, contact details
and more.

More information:
Access the news on Oslo Bors NewsWeb site

658883_Otovo - Q3 2025 Report.pdf
658883_Otovo - Q3 2025 Presentation.pdf