Pexip Q1 2026 report – Continued strong development

05 May 2026 06:00 CEST

Oslo, Norway, May 5, 2026 - Pexip Holding ASA ("Pexip" or "The Company", Oslo
Børs Ticker: PEXIP), today presented its quarterly results for the first quarter
of 2026. Key highlights for the quarter include:

- Pexip’s subscription base measured in Annual Recurring Revenue was USD 135.0
million at the end of Q1 2026, up 17% y-o-y.

- Growth is driven by Secure and Custom where ARR grew 24% year-on-year,
together with Connected Spaces improving its growth to 12% year-on-year.

- Recognized revenue of USD 40.7 million for the quarter, up 30% y-o-y. EBITDA
excluding other gains and losses amounted to USD 18.7 million, up from USD 10.1
million in the same quarter last year.

- Last twelve months revenue growth of 18%, and LTM EBITDA margin excluding
other gains and losses of 30%.

- Free cash flow of USD 19.8 million in the quarter, up from USD 18.5 million in
Q1 2025.

- ARR outlook for Q2 2026 of USD 137-141 million.

“We are very satisfied with the start of 2026, combining strong traction for
sovereign IT solutions and solid 17% ARR growth with margin expansion to 30%
EBITDA margin in the last twelve months.” - Trond K. Johannessen Chief Executive
Officer

Analyst consensus estimates
Every quarter ahead of the earnings announcement, Pexip collects earnings
estimates from the equity analysts currently covering the Company. The consensus
estimates and the methodology used in the preparation of the consensus estimates
are published on the Company’s IR web pages here:
https://investor.pexip.com/consensus

Q1 results presentation
The first quarter results for 2026 will be presented by video webcast today,
Tuesday May 5, 2026 at 08:30 CEST. The presentation will be held by Trond K.
Johannessen (CEO), Øystein Dahl Hem (CFO), and Åsmund Fodstad (Chief Revenue
Officer) The presentation will be held in English and conducted as a webcast.
Questions can be submitted to IR@pexip.com in advance of the presentation or
live during the presentation.

Please join the webcast via the following link:
https://www.pexip.com/events/q1-2026-results-presentation

A recorded version of the presentation will also be available after the webcast
is concluded.

For questions, please contact: Øystein Dahl Hem, CFO, IR@pexip.com, +47 992 34
596


About Pexip | pexip.com Pexip is a video technology company that offers
multi-platform software for various purposes such as business meetings, secure
government communication, doctor's appointments, and court proceedings. It is an
excellent tool for organizations that want seamless, secure, and scalable
meetings that enhance the video experience. Pexip (PEXIP) is listed on the Oslo
Stock Exchange. Visit us at www.pexip.com or on LinkedIn

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 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Øystein Dahl Hem, CFO, Pexip Holding ASA, on May
5, 2026 at 06:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

672315_2026-Q1-Analytical-tool.zip
672315_Pexip Q1 2026 Quarterly Report.pdf
672315_Pexip Q1 2026 Quarterly Presentation.pdf