SATS ASA Q4 2025: Ending the year on a high note with EBITDA up 28% and EBIT up 34% in the quarter

10 Feb 2026 07:00 CET

SATS ASA ("the Company") delivered a solid fourth quarter, rounding off a year
of continued operational and financial improvement. Total revenues increased
by 9% year-on-year to NOK 1 428 million in Q4, while EBITDA before IFRS 16
increased by 28% to NOK 224 million. The results reflect sustained product and
operational improvements over time, supported by high member loyalty and a
valued product.

Key highlights from the fourth quarter of 2025:
· Total revenues amounted to NOK 1 428 million and NOK 5 509 million in Q4
2025 and FY 2025 respectively, representing year-on-year growth of 9% in both
periods
· EBITDA before IFRS 16 reached NOK 224 million in Q4 2025 and NOK 871 million
in FY 2025, increasing by 28% and 18%, respectively
· EBIT before IFRS 16 increased by 34% to NOK 168 million in Q4 2025 and by
24% to NOK 652 million in FY 2025
· Strong operating leverage demonstrated in full-year 2025, with membership up
3%, revenues up 9%, EBITDA up 18% and EBIT up 24%
· Activity levels remain on an upward trend, reflecting growth in both
membership and workout frequency per member
· The Board of Directors has proposed a semi-annual dividend of NOK 0.67 per
share, pending approval in an Extraordinary General Meeting to be held on
March 3, 2026

"I am proud of how our teams across the Nordics have continued to improve the
SATS offering throughout the year. Strong member engagement and rising
activity levels, combined with solid financial results, confirm that the
improvements we make matter to our members in their everyday training," says
Sondre Gravir, CEO of SATS.

The Board of Directors of SATS ASA has proposed a cash dividend of NOK 0.67
per share and a total pay-out of NOK 133 million, subject to approval by an
Extraordinary General Meeting (EGM) to be held on March 3, 2026. The share
will trade excluding the right to dividend from March 4, 2026. In addition,
the Board of Directors has proposed a reduction of the Company's share capital
by NOK 8,500,000 through the redemption of 4,000,000 shares held in treasury
by the Company, also subject to approval by the EGM. There will be no
distribution from the Company in connection with the share capital reduction.
Additional information will be provided in the notice of the EGM, to be
announced separately.

SATS' CEO Sondre Gravir and CFO Cecilie Elde will hold a webcast presentation
at 08:30 CET today, February 10, 2026. The presentation will be held as a
webcast only, available at https://satsgroup.com/reports-presentations/

There will be a Q&A for investors and analysts from 10:00 to 10:30 (CET) over
Microsoft Teams:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_YmNkYzZmNWQtYzE1ZC00NjEyL
WE4ZWItNDFjNzljMWQyNjMw%40thread.v2/0?context=%7b%22Tid%22%3a%22b15a587d-acc9-46
44-aa51-b56dee85c304%22%2c%22Oid%22%3a%227c7a4263-6531-4e9f-9f3f-79defb4ad3fe%22
%7d

Please find enclosed the Q4 2025 presentation and report.

Investor Relations Contacts:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259

Press Contact:
Kristin Fjeld, Press Contact, phone: +47 411 92 008

Please see the attached quarterly report for definitions and reconciliations
of the Alternative Performance Measures (APMs). 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

665220_SATS ASA Q4 2025 Report.pdf
665220_SATS ASA Q4 2025 Presentation.pdf