LINK Mobility – 4Q 2025 – Impacted by temporary organic headwinds

12 Feb 2026 06:00 CET

(Oslo, 12 February 2026) – LINK Mobility reported a softer fourth quarter,
reflecting temporary headwinds concentrated among a small number of larger
clients, primarily within Global Messaging. Reported gross profit was NOK 461
million, up 6% year-over-year including acquisitions and down approximately 4%
organically. On a proforma basis and in stable currency, gross profit declined
2%, while adjusted EBITDA decreased 8%, due to the gross profit shortfall and
opex growth. Excluding the affected clients and net negative year-end accounting
effects, the remaining customer base delivered healthy underlying growth of
around 17 million, and the company expects a gradual return to organic growth
over the coming quarters.

Softer performance in Q4 was driven by a limited number of clients
• A handful of clients from previous quarters continued to reduce growth in Q4
• Expected Q4 seasonality did not materialize; QoQ decline driven by reduced
share of wallet from four larger customers
• The underlying business, excluding these 9 clients, delivered healthy organic
growth of around 17 million

Headwinds expected to be temporary with return to organic growth ahead
• For 2026 a gradual improvement in growth momentum is expected as comparables
ease for isolated decliners, Q1 remains challenging primarily due to comparables

• Targeted commercial initiatives underway to restore volumes on isolated
decliners
• Continued healthy growth in the remaining customer base, supported by strong
contract wins in 2025
• As the decline is concentrated to a limited number of customers and the
remaining customer base delivered positive gross profit growth, we view the Q4
softness as isolated rather than structural

Continued momentum across the broader business
• Growing traction in CPaaS and OTT solutions; Q4’25 delivered the
second-strongest quarter on record for RCS contract wins
• Acquired entities continue to deliver strong proforma growth
• Robust M&A pipeline representing more than EUR 50 million in potential cash
EBITDA, supporting continued scale and profitability

“Q4 was softer than expected, primarily driven by headwinds among a limited
number of larger clients, and we are actively engaging through targeted
initiatives to recover volumes. At the same time, the broader business remains
strong, with healthy underlying growth, solid contract momentum, increasing
traction in CPaaS and OTT solutions and continued strong performance from our
recent acquisitions. Supported by targeted commercial initiatives and a healthy
underlying business we are confident in returning to sustainable organic growth
over the coming quarters,” says Thomas Berge, CEO of LINK Mobility.

The quarterly results will be presented in an audio webcast at 10:00 CET today
by Thomas Berge, CEO and Morten Edvardsen, CFO & VP Investor Relations.

The audio webcast targets investors, analysts and media. Attendees will be able
to post questions in a Q&A session following the webcast.

To join the audio webcast and post questions, please go to:
https://qcnl.tv/p/t4zFQxy4ZOY_0eWxFNUu4Q

The webcast is also available from LINK’s investor relations pages:
https://www.linkmobility.com/investors

For further information, please contact
Morten Løken Edvardsen, CFO & VP Investor Relations
+47 90 56 15 89
ir@linkmobility.com

About LINK Mobility
LINK is an award-winning, leading global provider of mobile messaging and
communications platform as a service (CPaaS) solutions for increased engagement.
The company serves enterprise, SME and government customers. LINK offers a wide
range of innovative and scalable mobile solutions, creating valuable digital
convergence between businesses and customers, governments and citizens,
platforms and users. LINK has 65,000 active customer accounts globally and
exchanges more than 23 billion messages a year. LINK is listed on the Oslo Stock
Exchange under the ticker LINK. For more information about LINK, please see
www.linkmobility.com and follow LINK Mobility on LinkedIn.

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

665468_LINK 4Q25 report.pdf
665468_LINK 4Q25 presentation.pdf