Zalaris ASA: Record-high revenue and solid margins in Q4

26 Feb 2026 07:00 CET

Zalaris ASA (OSE:ZAL) reported its highest-ever revenue in Q4, reaching NOK 396
million, with an adjusted EBIT of NOK 51 million. The company's total revenue
for the year surpassed NOK 1.5 billion.

Reported revenue for the quarter was NOK 396.5 million, up 8.7% from NOK 364.9
million in the same quarter last year. Revenues for the full-year grew
organically 11.7% to NOK 1.5 billion.

Adjusted EBIT* increased by 7% to NOK 50.6 million, corresponding to a 12.8%
margin for the quarter.  For the full year, adjusted EBIT increased to NOK 194.0
million, with a margin of 12.9%, compared to NOK 147.5 million and 11.0% in
2024.

The reported EBIT ended at NOK 40.9 million compared to NOK 37.7 million last
year.

"We closed 2025 with another quarter of solid performance, extending our all
-time high revenue streak and delivering a year of profitable growth and strong
cash generation," says Hans-Petter Mellerud, CEO and founder of Zalaris.

"We are particularly pleased with the continued strength in Managed Services,
which delivered recurring revenue growth of more than 15% year-over-year and now
accounts for approximately 80% of total revenue." Mellerud concludes.

Zalaris will host a streamed management presentation at 08:30 CET today followed
by a Q&A session. The webcast will be available on
zalaris.com (https://zalaris.com/about/investors) or directly on
Teams (https://teams.microsoft.com/l/meetup
-join/19%3ameeting_M2FiMWI2OWYtY2Y4NC00NTU3LThjMTEtNWViMGVhN2I5ZDM5%40thread.v2/
0
?context=%7B%22Tid%22%3A%22a16eb8e2-803d-4f22-849c
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-e3cd579293a1%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&bty
p
e=a&role=a).

The presentation of the fourth quarter 2025 financial results and the financial
report are enclosed.

· Zalaris ASA Q4 2025
Presentation (https://cdn.sanity.io/files/w441h7ie/production/507941faa28707c783
4
6cf67bc5f5211b23142e0.pdf)
· Zalaris ASA Q4 2025
Report (https://cdn.sanity.io/files/w441h7ie/production/3b31555a7cbfc1031ee21256
3
d446a675a80f8b5.pdf)

* Adjusted EBIT and other alternative performance measures (APMs) are defined
and reconciled to the IFRS financial statements as a part of the APM section of
the fourth quarter 2025 financial report on page 28 to 30.

Contact:

Hans-Petter Mellerud, CEO
Mobile: +47 928 97 276
E-mail: hans-petter.mellerud@zalaris.com

Gunnar Manum, CFO
Mobile: +47 951 79 190
E-mail: gunnar.manum@zalaris.com

About Zalaris

Zalaris is a trusted global provider of cloud-based Payroll and Human Capital
Management (HCM) solutions, helping international organizations streamline HR
processes with efficiency, transparency, and regulatory compliance.

With over 1,200 skilled #teamZalaris members across 18 countries, we support
organizations in more than 150 countries through one unified, cloud-based
platform - PeopleHub. Our mission is to simplify HR and payroll operations by
offering scalable solutions that reduce administrative complexity, ensure
compliance, and provide actionable insights. By enabling businesses to focus on
their people, we empower them to drive strategic growth and create long-term
value. To learn more, visit zalaris.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

666868_Zalaris_ASA_Q4_2025_Presentation.pdf
666868_Zalaris_ASA_Q4_2025_Report.pdf