Smartoptics Group ASA (SMOP) - Q4 2025 Financial Results

19 Feb 2026 06:00 CET

Oslo, February 19, 2026 - Smartoptics Group ASA (Smartoptics, OSE: SMOP) today
reported record revenues of USD 23.2 million in the fourth quarter of 2025, an
increase of 37.7 percent compared to the same period last year. The gross margin
for the quarter was 46.1 percent, compared to 49.0 percent in Q4 2024. Fourth
quarter EBITDA amounted to USD 3.6 million (Q4 2024: 2.4 million). Demand
accelerated towards the end of the year, and all product areas contributed to
growth, with Optical Devices delivering a record quarter.

"2025 has been a phenomenal year for Smartoptics. We delivered strong growth,
improved profitability, and meaningful strategic progress, closing the year with
record revenues in the fourth quarter," says Magnus Grenfeldt, CEO of
Smartoptics, and continues:

"The momentum reflects continued investment appetite across our customer
segments, particularly within data centers and AI-driven workloads. We also
secured new orders from major operators, neo-scalers, and Internet Content
Providers across EMEA and the US, confirming the strength of our open,
cost-efficient solutions and our strategic focus on large accounts."

In the fourth quarter, Smartoptics saw broad based growth across its portfolio.
Growth in the US remained strong, driven by investments across Communication
Service Providers and Internet Content Providers. EMEA also showed quarter on
quarter improvement during the second half of the year, while APAC activity
continued to be more project driven. New customers accounted for more than 15
percent of invoiced customers in 2025, and customer retention remained
high.

Earlier in 2025, Smartoptics presented its ambition to grow market share two to
three times in relevant segments towards 2030, targeting an EBIT margin in the
range of 13-16 percent.

"Looking ahead, the long-term fundamentals in our market remain very attractive.
The demand for bandwidth continues to grow, and AI is accelerating the need for
scalable, high-capacity optical networks across data center, metro, and regional
environments. With strong momentum, a solid financial foundation, and a clear
strategic direction, we remain confident in our ability to deliver profitable
growth over the coming years," Magnus Grenfeldt ends.

The Smartoptics Board of Directors intends to propose to the Annual General
Meeting May 7. 2026 a dividend of NOK 0.60 per share, unchanged compared to the
previous year.

The report and presentation for the fourth quarter 2025 are enclosed.

-ENDS-

Quarterly presentation

Smartoptics will host a presentation of the results by CEO Magnus Grenfeldt and
CFO Stefan Karlsson today at 08:00 CET at Hotel Continental in Oslo. The
presentation will also be streamed live.
. Date: Thursday February, 19, 2026
. Venue: Hotel Continental, Oslo
. Time: 08:00 CET
. Language: English
. Link: https://qcnl.tv/p/Qzz69vT79YRATNnIad_NKA

The report and presentation will be made available at smartoptics.com and
www.newsweb.no. A recorded version of the presentation will be available after
the live stream is concluded.

For more information, please contact:
Magnus Grenfeldt, CEO Smartoptics
Telephone: +46 73 366 88 77
Email: magnus.grenfeldt@smartoptics.com

About Smartoptics
Smartoptics provides innovative optical networking solutions and devices for the
new era of open networking. Our customer base includes thousands of enterprises,
governments, cloud providers, Internet exchanges as well as cable and telecom
operators. We have an open networking approach in everything we do which allows
our customers to break unwanted vendor lock-in, remain flexible and minimize
costs. Our solutions are used in metro and regional network applications that
increasingly rely on data center services and specifications. Smartoptics is a
Scandinavian company founded in 2006. We partner with leading technology and
network solution providers such as Brocade, Cisco and Dell and have a global
reach through more than 100 business partners.
For additional information about Smartoptics, please visit smartoptics.com.

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
announcement was published by Per Burman, Chief Marketing Officer of
Smartoptics, at the time and date set out above.

More information:
Access the news on Oslo Bors NewsWeb site

666163_Q4_2025_SMOP_Stock_exchange_PR.pdf
666163_Smartoptics_Q4_2025_Financial_Presentation.pdf
666163_Smartoptics_Q4_2025_report.pdf