Appear ASA: Results for the third quarter of 2025

25 Nov 2025 07:00 CET

Oslo, 25 November 2025, Appear ASA (Appear, OSE:APR), a global leader in live
production technology, powering Tier 1 sports and events globally, today
announces revenues of NOK 183.1 million in the third quarter of 2025,
representing a growth of 30% from the same period last year, and an EBITDAC* of
NOK 32.6 million (32.7). The company reiterates the 2025 revenue outlook in the
range of NOK 800 million.

“The third quarter of 2025 was another strong period for Appear, showing
continued momentum across all regions and further proof of our ability to scale
with quality. This quarter’s growth was underpinned by continued traction with
Tier 1 customers and progress on long-term strategic projects,” says Thomas
Bostrøm Jørgensen, CEO of Appear.
 
Appear reported an EBIT of NOK 45.2 million (29.1) in the third quarter of 2025,
while the earnings per share was NOK 0.78 (0.67). The free cashflow ended at NOK
110.9 million. The company was listed on Euronext Oslo Børs 6 November 2025, and
NOK 2.9 million in IPO costs are included in the third quarter figures.

“Appear reached a new milestone with the first day of trading on Euronext Oslo
Børs after the closing of the quarter. Following the successful completion of
our initial public offering, Appear welcomed more than 5,000 new shareholders
following the IPO, including a strong base of institutional investors. The
listing marks the beginning of an exciting new chapter, one that gives us the
platform to accelerate growth, expand into new markets, and continue redefining
what’s possible in live production technology,” Bostrøm Jørgensen continues.

Appear reaffirms the full-year 2025 revenue guidance in the range of NOK 800
million as the outlook is underpinned by continued momentum with Tier 1
customers, first orders of the X5 Platform, and a growing mix of software and
services.

“As we enter the final quarter, we do so with focus and confidence. Appear
continues to build the technology that powers the world’s biggest live
productions, with trust and ambition at the core of everything we do,” the
Appear CEO concludes.

EBITDAC and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
third quarter 2025 financial report.

The quarterly report and presentation are enclosed and will be available at
Appear investor relations site https://www.appear.net/investors/.

Thomas Bostrøm Jørgensen, CEO, and CFO Per Øyvind Stene will host a webcast
presentation at 08:00 CET. The presentation will be held in English and
questions can be submitted throughout the event.

The streaming event is available through this
link:https://channel.royalcast.com/landingpage/hegnarmedia/20251125_1/

The presentation is scheduled to conclude at 08:45 CET.

*: Note that EBITDAC is an alternative performance calculated by adding
capitalised development expenditure to EBITDA, reflecting operating performance.

For further information, please contact:

IR and media contact - Jo Christian Lund-Steigedal, Corporate Communications AS

+47 415 08 733 | jcs@corpcom.no

About Appear ASA

Headquartered in Oslo, Norway, Appear designs and delivers high-capacity,
sustainable solutions for media processing and live content delivery. The
Company’s technology enables the capture, transport, and processing of live
video from sports stadiums, concert arenas, and other venues to viewers with
ultra-low latency, ensuring superior video quality and reliability. Appear
serves broadcasters, production companies, content owners and network operators
worldwide who rely on its live production technology to deliver the world’s most
demanding live productions.

More information:
Access the news on Oslo Bors NewsWeb site

660445_Q3 2025 presentation.pdf
660445_2025 Q3 Interim Report.pdf