Huddly AS - Trading Update

15 Jan 2026 18:15 CET

Oslo, 15 January 2026 - End of year trading update: Huddly estimates a revenue
for 2025 in the range of NOK 210-215 million. This represents a 41-45 % year on
year growth, mainly driven by increased revenue from Strategic partners. Channel
revenue accounts for approximately 65–70 % of total revenue for the year, while
Strategic partner revenue makes up the remaining 30–35 %.

Strategic partner revenue continues to grow strongly. However, 2025 revenue was
lower than the financial target due to weaker channel market conditions in North
America in Q4 2025, caused by delays in the approval of federal budgets in the
US and Canada.

The estimated gross margin for 2025 is 45-50 %, in line with the financial
target. The additional financial targets in the business plan, as communicated
to the market on 21 August 2025, remain unchanged, including reaching cash flow
positive in 2026.

Huddly will present Q4 2025 results on 25 February 2026 at 08:00 CET.

For more information, please contact:

Rósa Stensen, CEO
Mobile: +47 476 55 376
E-mail: rosa.stensen@huddly.com

Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation ("MAR") and is subject to the disclosure requirements
pursuant to MAR article 17, Euronext Growth Oslo Rule Book – Part II, section
3.9 and section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Abhijit Saha Banik, CFO of the Company,
on 15 January 2026, at 18:15 CET. This announcement may include projections and
other "forward-looking" statements within the meaning of applicable securities
laws. Any such projections or statements reflect the current views of the
Company about further events and financial performance. No assurances can be
given that such events or performance will occur as projected and actual results
may differ materially from these projections. The Company undertakes no
obligation to publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this announcement.

About Huddly AS

Disruptive innovation is our heartbeat at Huddly. We're committed to pushing
technology and challenging the status quo in to empower human collaboration.
Combining our industry-leading expertise in artificial intelligence, software,
hardware, and UX, we craft intelligent camera systems that enable inclusive and
productive teamwork. Huddly cameras are designed to provide high-quality,
AI-powered video meetings on major platforms, including Microsoft Teams, Zoom,
and Google Meet. With upgradable software, durable hardware, and engaging user
experiences, they are the ideal choice for organizations seeking a future-proof,
scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in
Oslo, Norway, with presence in the US and EMEA and distribution globally.

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