Solid Order Intake and Strong ARR Growth in Q3

13 Nov 2025 07:00 CET

13.11.2025 07:00:00 CET | Cyviz | Half yearly financial reports and audit
reports / limited reviews

Cyviz today publishes its financial results for the third quarter of 2025. Q3
performance was influenced by project timing, with two key customer projects
shifting into Q4, which impacted revenue and EBITDA for the quarter.

Underlying business activity remained strong across core markets, with solid
order intake and continued growth in the company's Annual Recurring Revenue
(ARR).

Key highlights for Q3 2025

* Order intake of NOK 242.6 million, compared to NOK 192.4 million in Q3 2024
* Order backlog of NOK 424.1 million, up from NOK 374.9 million in Q3 2024
* Annual Recurring Revenue (ARR) of NOK 67.5 million, up 38% YTD
* Revenue of NOK 95 million, compared to NOK 160.1 million in Q3 2024
* Gross profit of NOK 69.2 million, compared to 77.3 million in Q3 2024
* EBITDA of NOK 2.3 million, compared to NOK 9.1 million in Q3 2024

Cyviz continued to progress on its strategic priorities, including scaling its
software subscription base and converting large global customers to its
cloud-based Cyviz Software Management Platform. Several major accounts are
expected to complete their migration by year-end, with the full ARR impact
anticipated from 2026 onwards.

"Our strategic initiatives continue to advance according to plan. ARR
development remained strong, and the onboarding and migration of some of our
largest global customers to our new SaaS-based Software Management Platform are
progressing well. This reflects the early impact of our transition toward a more
software- and subscription-driven business model," says Espen Gylvik, CEO of
Cyviz.

Demand remained robust in Europe and the US, driven by intense activity in the
defense and energy sectors. The defense market, particularly across NATO-aligned
countries, continues to strengthen and is expected to become one of Cyviz'
largest verticals, as reflected in substantial growth in order intake for the
quarter.

Cyviz maintains its long-term strategy focused on scaling its core technology
and software platform through a global partner ecosystem.

Cyviz AS presents its results for the third quarter of 2025 today, Thursday,
November 13th, at 09:00 (CET), inviting investors, analysts, and other
interested parties to a live webcast.

Link to landing page LIVE and recording:
https://channel.royalcast.com/landingpage/hegnarmedia/20251113_5/

The report, presentation, and link to the recorded webcast will also be made
available at: https://www.cyviz.com/investor-relations/

DISCLOSURE REGULATION

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

CONTACTS

* Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com
* Karl Peter Gombrii, CFO, Cyviz, (+47) 92822969, karl.gombrii@cyviz.com

ABOUT CYVIZ

About Cyviz

Cyviz is a global technology provider for comprehensive conference and control
rooms as well as command and experience centers. Since 1998, we have created
next level collaboration spaces, assuring inclusive meeting experiences for in
person and remote attendance.

Cyviz serves global enterprises and governments with the highest requirements
for usability, security, decision making and quality. The cross-platform
experience Cyviz delivers to manage and control systems and resources across the
enterprise, makes Cyviz the preferred choice for customers with complex needs.

Find out more on www.cyviz.com - http://www.cyviz.com or visit one of our Cyviz
Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo,
Paris, Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).

ATTACHMENTS

Q3 2025 Financial Results_Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847582/18718535/6565/Q3%202025%20Financi
al%20Results_Presentation.pdf

Q3 2025 Financial Results_Report.pdf -
https://kommunikasjon.ntb.no/ir-files/17847582/18718535/6566/Q3%202025%20Financi
al%20Results_Report.pdf

More information:
Access the news on Oslo Bors NewsWeb site

659510_Q3 2025 Financial Results_Presentation.pdf
659510_Q3 2025 Financial Results_Report.pdf