Revenue in Q2 25 was NOK 463m, an increase of 143% from Q2 24. Recurring revenue from high-margin services increased by 25% year-on-year to NOK 82m, translating to an annual recurring revenue (ARR) of NOK 327m. The subscription base increased by 40% to 393k. While the subscription base currently reflects only the Kids & Youth segment, the group has begun introducing subscription services also in the Senior segment.

“Our performance this quarter reflects both strong execution and continued progress on our long-term strategy,” said Sten Kirkbak, CEO of Xplora. “The Kids & Youth segment remains reliable growth engines, and we have now launched new high-margin service models in both the Youth and Senior markets. With a broader product and service offering, a growing subscription base, and strong financial flexibility, we are in a great position to accelerate further on our road to one million subscriptions.”

Gross profit rose by 152% to NOK 231m, driven by favorable product mix, and improved margins on next-generation devices. EBITDA increased to NOK 51m in Q2 25, up from NOK 18m in Q2 24, supported by increased operational leverage and continued cost discipline. Xplora ended the quarter with NOK 530m in cash.

For the first half 2025, group revenues reached NOK 802m, up 160% from NOK 308m in the same period last year. Excluding the contribution from the Senior segment, revenues increased 8% to NOK 334m supported by an increase of 26% in recurring service revenue which ended at NOK 161m. Gross profit for the first half 2025 was NOK 422m, compared to NOK 160m in the same period last year. Gross margin remained stable at 53%.

EBITDA was NOK 69m in H1 25, up from NOK 21m last year. EBIT improved to NOK 31m, compared to a marginal loss in the same period last year.

Practical arrangements and contact details:
The management will present the results on Friday 15 August 2025 at 08:00 CET live at SpareBank1 Markets in Olav Vs gate, 0161 Oslo and via webcast, with CEO Sten Kirkbak, CFO Knut Stålen, and CEO Doro, Kjetil Fennefoss, including Q&A.

The presentation will be held in English, followed by a Q&A session.

The presentation will be transmitted via live webcast on the company's website at www.xplora.com/investor and a recording of will be made available after the event.

For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, sten.kirkbak@xplora.com
Knut Stålen, CFO +47 920 43 458, knut.stalen@xplora.com

The information contained in this statement has not been audited and may be subject to change. This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities. Trading Act section 5-12.

About Xplora Technologies AS:
Xplora is a platform and services company delivering technology solutions that enable families to stay connected and safe. The company designs smart devices and services for Kids, Youths, and Seniors, combining secure communication with services promoting physical activity and digital balance. Founded in Norway, Xplora pioneered the Kids' smartwatch category in Europe and has since expanded its offering to include phones and solutions for the Youth and Senior markets. This positions Xplora as a leading European platform for family-centric services. The company is headquartered in Oslo, Norway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker XPLRA.