Pexip Q3 2025 report – Continued strong traction

06 Nov 2025 06:00 CET

Oslo, Norway, November 6, 2025 - Pexip Holding ASA ("Pexip" or "The Company",
Oslo Børs Ticker: PEXIP), today presented its quarterly results for the third
quarter of 2025. Key highlights for the quarter include:

- Q3 2025 revenue of NOK 266 million, up 16% y-o-y.

- Pexip’s subscription base measured in ARR was USD 122.2 million at the end of
Q3 2025, up 12% y-o-y.

- Growth driven by Secure and Custom where ARR grew 30% year-on-year, with key
wins in Defense, Healthcare and Government. Connected Spaces ARR grew 0%
year-on-year.

- EBITDA excluding other gains and losses amounted to NOK 52 million, up from
NOK 18 million in the same quarter last year. EBITDA including other gains and
losses amounted to NOK 48 million, up from NOK 15 million in the same quarter
last year.

- Free cash flow of NOK 29 million in the quarter, up from NOK 7 million in Q3
2024, with a cash and money market fund position of NOK 526 million and no
material interest-bearing debt exiting Q3 2025. Pexip bought back shares for NOK
42 million in Q3 2025, completing its NOK 100 million buyback program.

- ARR outlook for Q4 2025 of USD 124-127 million.

“Secure and Custom video continues to drive Pexip’ business forward, with growth
of 30% year-on-year. Together with continued overall cost control this resulted
in an significant margin expansion, taking another step towards reaching our
mid-term ambition of 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

Q3 results presentation
The third quarter results for 2025 will be presented by video webcast today,
Thursday November 6, 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/q3-2025-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
November 6, 2025 at 06:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

658847_Pexip Q3 2025 Quarterly Report.pdf
658847_Q3-2025-Analytical-tool.zip
658847_Pexip Q3 2025 Quarterly Presentation.pdf