Webstep ASA: Third quarter results 2025

11 Nov 2025 07:00 CET

Oslo, 11 November 2025: Webstep ASA today reports revenues of NOK 178.3 million
(189.4) for the third quarter 2025, a decrease of 5.8 per cent from the same
period last year. EBIT was NOK 8.2 million, corresponding to an EBIT margin of
4.6 per cent (5.7).

The decline in revenues reflects a reduced number of consultants, partly due to
the discontinuation of non-core activities and reduced utilisation, amid the
challenging market.

"Looking back at the first nine months of 2025, I am genuinely proud of our
team's effort and the strong results delivered. We have strengthened Webstep's
position as a leading high-end IT consultancy while navigating a challenging
market, and we remain focused on delivering a solid bottom line. Excluding a NOK
1.1 million bad debt loss from one customer, our Q3 EBIT margin was 5.2 per cent
- only slightly below last year's figure," says Kristine Lund, CEO of Webstep.

Long-term digitalisation trends remain stable across both public and private
sectors, underpinning Webstep's growth outlook. In particular, demand is strong
for services in data engineering, cloud architecture, analytics, decision
support, and machine learning.

"Interest in AI continues to grow rapidly, representing a significant
opportunity for Webstep. Organisations increasingly require strategic advice and
implementation services. We have delivered numerous projects and consistently
receive feedback that Webstep adds real value. In some cases, we co-invest with
clients to develop AI solutions, retaining rights to resell them to other
customers," says Kristine Lund.

During the quarter, Webstep secured several major contracts, further
strengthening its position in the Norwegian public and enterprise sectors. New
agreements were signed with the Norwegian Courts Administration, Statnett,
Fifty, the Norwegian Defense Materiel Agency, Norsk Tipping and Trondheim
Municipality. These wins demonstrate Webstep's strong reputation for delivering
high-quality digitalisation and IT consultancy services across critical domains.

Contact details for further information:

Henning Hesjedal, CFO

Cell: +47 916 83 601

Email: ir@webstep.com

Website: www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

659275_Webstep_ASA_Q3_2025_presentation.pdf
659275_Webstep_ASA_third_quarter_results_2025.pdf
659275_Webstep_ASA_Q3_2025_report.pdf