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June 2026: Growth metrics update
- Live ARR ended at 10.13 MSEK, +6.21 MSEK LTM (+158%) and +3.45 MSEK MoM (+52%).
- The June figure includes 2.83 MSEK of live ARR from Deploi AS, which was acquired in June and is now a fully owned subsidiary of Synexo Group. Excluding Deploi, live ARR ended at 7.30 MSEK, +3.38 MSEK LTM (+86%) and +0.62 MSEK MoM (+9.3%).
- Total contracted ARR reached 14.26 MSEK, +3.32 MSEK MoM (+30%). Excluding Deploi, contracted ARR increased 0.49 MSEK MoM (+4.5%). The contracted ARR backlog is expected to convert to live ARR over the next 12 months.
- Gross margin was 78% in June, compared with 75% in May and 62% in 2025. Margins are expected to remain above the Group's 2026 target >70%.
- Excluding Deploi, June recorded a churn rate of 3.1% and a NRR of 125.6%, compared to 3.05% and 119.4% in 2025, respectively. The increase in NRR was primarily driven by price increases implemented in June.
"We're happy to report solid monthly growth, while the gross margins continued to climb to a new all-time-high. With the acquisition of Deploi and the related capital raise now finalised, we look forward to sharpening our commercial focus, capturing synergies, and advancing our accretive M&A pipeline."
Sincerely,
Sindre Sørlie, CEO Synexo Group AB
For further information, please contact:
Sindre Sørlie, CEO/ Sindre@synexogroup.com /+47 970 14 908
Haavard Traa, CFO / Haavard@synexogroup.com / +47 959 49 356
Website: https://Synexo.group
About us
Synexo Group AB (publ) is a Nordic technology group listed on the Nordic SME exchange in Sweden, building a leading platform for backup, cloud hosting, disaster recovery, and data protection services.
Our strategy combines disciplined acquisitions with sustainable organic growth to consolidate a fragmented Nordic market. By focusing exclusively on mission-critical, recurring revenue software and infrastructure services, we create a business with high customer retention, strong cash generation, and scalable economics.
Today, Synexo owns three Nordic companies, Backupbuddy AS, Backupbanken AS, and Deploi AS - providing a solid foundation of recurring ARR, low capital intensity, and operational excellence.
Our ambition is to become the Nordic equivalent of a Constellation business: a long-term owner of exceptional technology companies, built on a 100% recurring revenue model, predictable cash flows, and a disciplined capital allocation strategy with significant international expansion potential.