Techstep ASA: Q3 results

27 Nov 2025 07:00 CET

Highlights from the third quarter 2025:

All-time high recurring revenue annualized and stable profitability

· Recurring revenue annualised increased by 4% y/y to NOK 340m, driven by 17%
growth in Advisory & Service
· Net gross profit margin at 37%, up 2 ppt from third quarter last year
· EBITA adj., at NOK 11.0m. affected by investments in efficiency improvements
ERP etc.


Solid commercial momentum continues

· Agreed new agreement with Sykehuspartner in November, effective from 1
January 2026, for comprehensive management of clinical devices to all hospitals
in Helse Sør-Øst RHF
· Signed a strategic partnership with Pradeo in November to deliver a combined
MDM and MTD solution for the European market
· Signed final agreement with Fonua in November, with planned roll-out to the
first customers in Q4
· The strategic partner agreement with Telia is now operational
· Signed and launched an exciting partnership with welfare ISV Tellu

Sharpening strategic focus

· Potential divestment of a solution area

"In the third quarter of 2025, Techstep maintained steady profitability and
demonstrated strong commercial momentum. Recurring revenue continued to rise and
ended the quarter on an all-time high, especially driven by our managed
services. The company achieved a notable improvement in its profit margins,
although adjusted EBITA was lower due to ongoing investments in efficiency, such
as ERP and DCOM. Techstep strengthened its market position through several
important new and renewed agreements; including Sykehuspartner, Telia, Fonua,
Tellu and Pradeo. The company also broadened its European presence by securing
key industry certifications. These accomplishments, together with ongoing cost
optimization and a strategic focus on high margin recurring revenues, reinforce
Techstep's path toward becoming Europe's leading mobile and circular technology
company.," says Morten Meier, CEO of Techstep.

Material

Please find the report and presentation for Q3 enclosed.

Presentation and Q&A:

A live presentation and Q&A session will take place today at 8:00 am CEST and
can be accessed by clicking and registering using the following link:

https://events.teams.microsoft.com/event/a5677796-a7b9-4f67-a002
-4d56a95dd029@56b3dd67-66b5-4d6a-9954-22469dfcf18b

Questions for the Q&A session may be submitted in advance to ir@techstep.no, or
live during the session itself. A recording of the Q&A session will be made
available on www.techstep.io after the session has concluded.

For more information:

Morten Meier, CEO, Techstep ASA: +47 970 57 717

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About Techstep

Techstep is a mobile & circular technology company, enabling organisations to
perform smartly, securely, and sustainably by combining mobile devices, software
and expertise to meet customers' business and ESG goals. We are a leading
provider of managed mobility services in Europe, serving more than 2 100
customers in Europe with an annual revenue of NOK 1.1 billion in 2024. The
company is listed on the Oslo Stock Exchange under the ticker TECH. To learn
more, please visit www.techstep.io.

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 the Norwegian Securities Trading Act. This stock exchange
release was published by Ellen Solum, CFO, Techstep ASA, on 27 November 2025 at
07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

660700_Techstep_Q3_2025_Presentation.pdf
660700_Techstep_Q3_2025_Report.pdf