Otovo ASA: Fourth quarter 2025 financial results

02 Mar 2026 16:32 CET

Please find attached the quarterly report and quarterly presentation. CEO
William J. (John) Berger and CFO Jennifer Santoscoy will give a presentation in
a webcast at 17:00 CET on 02 March. The webcast can be viewed through the
following link: investorcast.live/webcastdetail?id=698c053d12b89466a72134e4

In Q4, Otovo completed a reorganization of the company, a pivot towards service,
and a combination with Onvis Inc. Against this backdrop, the company’s emphasis
shifts from installation of solar energy systems (Newbuild segment) towards
Otovo Care subscriptions (Recurring Services segment) and repair jobs (Field
Services segment), and the geographic mix now increasingly contains business in
the United States.

Otovo will spend less on marketing and developing the Newbuild segment, which
will be comprised of more upgrades, e.g. installing batteries in homes with an
existing PV system, rather than the sale and installation of new systems.

In the first half of 2026 the company has four priorities:

1) Pivot away from Newbuild to Upgrade Sales and Field Services in Europe
• Focus on battery upgrades (high margin, low customer acquisition cost)
• Continue successful scaling of Otovo Care
• Build service capacity to address large base of out–of-warranty systems across
Europe

2) Scale Field Services in the US & Europe
• Leverage equipment manufacturer partnerships for large-scale service contracts
• Roll-out to adjacent markets in the US, where license reciprocity is in place
• Scale European service in areas with high customer density
• Further opportunistic M&A on both continents

3) Deploy the Endurance AI platform in California and Europe for major cost
savings
• Proprietary CRM: Displacing millions in annual Salesforce/ HubSpot spend
• AI-Powered Call Center: 85% of all customer calls answered by Endurance
• Intelligent Dispatch: Van/tech dispatch optimized beyond human capability

4) Work toward dual listing on a US stock exchange
• Prepare financials and internal processes for US listing readiness, and engage
advisors

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Disclosure Regulation

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Metrics used in this notice are defined in the attached financial report.

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About Otovo
Otovo is an AI-Native home and business energy services company in Europe and
the United States. We combine real-time equipment monitoring, rapid repairs,
dependable power supply, and grid participation into a single, seamless
service–delivering maximum service at a minimal cost.

Endurance, Otovo’s industry-leading AI platform, continually monitors installed
equipment in homes and businesses, optimizes the entire service process from
problem detection to resolution, and coordinates repairs around the clock. “Your
Power, Backed by Ours.” Otovo is listed on the Euronext Oslo Stock Exchange
under the ticker OTOVO. Visit us at https://otovo.ai/.

More information:
Access the news on Oslo Bors NewsWeb site

667290_Otovo - Q4 2025 Presentation.pdf
667290_Otovo - Q4 2025 Report.pdf