This release is a summary of Tecnotree Corporation's Q1 2026 Results. The complete report is attached to this release as a PDF and is also available on the Tecnotree website at www.investors.tecnotree.com.

Strong order backlog and stable revenue, free cash flow impacted due to uncertain times

• Revenue of EUR 16.8 million (16.9), -0.2% YoY, revenue in constant currency EUR 17.1 million, +1.0% YoY.
• EBIT of EUR 4.6 million (4.5), +1.8% YoY.
• EBIT margin of 27.4% (26.9%), +50 basis points YoY.
• Foreign exchange (FX) gains EUR 1.0 million (-1.4).
• Net income EUR 2.1 million (1.5), +36.5% YoY.
• Free cash flow (FCF) EUR 0.2 million (1.0), -80% YoY.
• Earnings per share (EPS) EUR 0.1 (0.1).
• Order book at the end of the period EUR 105.4 million (70.3), +50.0% YoY.

Unless otherwise stated, all figures presented below are for the financial period 1-3/2026 and the figures for comparison are for the corresponding period in 1-3/2025.

Guidance for 2026

• Revenue is expected to grow by low to mid single-digit percentage in constant currency terms.
• Free cash flow > EUR 5.0 million for the full year

Assumptions for 2026

• The Free Cash Flow guidance for 2026 is based on the company's current market outlook and exchange rate assumptions, especially devaluation of US dollar against the EUR.

From CEO's Desk:

Tecnotree continues to "deliver on its promise" for customers despite the uncertainties in the Middle East; reports strong order backlog and stable revenue growth

The first quarter of 2026 reflects stable revenue growth supported by disciplined execution across key customer programs and a strong order backlog. The company remains profitable, however challenges in collections in the Middle East region have impacted the free cash flow.

Revenue for the quarter was EUR 16.8 million. The revenue mix reflects the execution phase of large-scale delivery programs, particularly in MEA and APAC markets, with delivery revenues representing a higher share. The operating environment in parts of the MEA region during the quarter was characterized by increased geopolitical uncertainty, which impacted customer investment timings and some critical decision cycles in these markets.

Operating performance remained strong, with EBIT of EUR 4.6 million and an EBIT margin of 27.4%, reflecting consistent operational discipline and platform scalability. Profitability in the quarter was also supported by favourable foreign exchange (FX) movements.

Cash flow in the quarter was impacted by challenges in collections in the MEA region due to the war and geopolitical instability, leading to build-up of receivables and increase in DSO days.

Tecnotree continued to enhance its platform capabilities during the quarter, with AI enabled value chain, enhancing customer experience and unlocking new revenue opportunities through embedded AI across its digital BSS stack. The company continues focus on increasing efficiency, both for internal functions as well as for preventive and corrective maintenance for customers, driven through AI-Operations capabilities, especially around reporting and process automations.

Multiple awards in the quarter validate our continued industry leadership, including recognition by Asia Telecom Awards in two categories - AI Initiative of the year and Digital Initiative of the Year: MVNE/MVNO; and CX Catalyst award for Impact at The Fast Mode Awards 2025.

The order book remained strong at EUR 105.4 million driven by new orders in Africa and Latin America, reflecting continued demand for Tecnotree's products and solutions.

The company will continue to closely monitor the situation in ME and take necessary steps to keep operations stable while we remain committed to delivering strong and timely support to our customers. Management confirms that the company's financial performance remains on track, and full-year guidance is maintained across all key metrics.

Webcast for investors and media

Tecnotree will webcast Q1 results on Wednesday, 29 April 2026 at 10.00 a.m. EEST (Helsinki). Shareholders and potential investors are invited to pre-register a zoom account and join the online presentation via this link: https://zoom.us/j/93938764369.
The event will be recorded, and the presentation materials will be made available on the company's website investors.tecnotree.com.

Annual General Meeting

On 12 March 2026, the Board of Directors of Tecnotree Corporation resolved to postpone the Annual General Meeting of the Company and plan for it to be held on Friday 29 May 2026. The Annual General Meeting was originally planned to be held on 7 April 2026.

Public Tender Offer for the Shares and Equity Securities of Tecnotree Corporation

On 27 January 2026, Tecnotree Corporation announced that Resilience Investment Holdings Ltd, acting on behalf of a consortium comprising Helios Investment Partners, Fitzroy Investments Limited and Padma Ravichander (the "Consortium"), has made a voluntary recommended public all-cash tender offer for all issued and outstanding shares and certain other equity securities of Tecnotree Corporation.

On 25 March 2026, Tecnotree Corporation announced that the processes for obtaining the necessary regulatory approvals from some of our global operations are still ongoing and will not be completed within the initial offer period, so the Offeror has decided to extend the offer period for the Tender Offer to expire on June 3, 2026, at 4:00 p.m. (Finnish time).

More information on the public tender can be found at https://investors.tecnotree.com/en/tender_offer

Other events during the period

During the quarter, the lenders compulsory convertible debentures (CCD) Notes subscribed a total number of 5,781,523 new shares in the Company by exercising special rights issued in connection with the CCD Notes. The conversion right was based on the accelerated conversion right triggered pursuant to the terms of the CCD Notes by the public tender offer published on 27 January 2026. The shares were registered on 18 February 2026, increasing the total number of shares to 22,834,773, and were admitted to trading on Nasdaq Helsinki in the same class as existing shares.

On March 12 2026, Tecnotree Corporation's Annual Report for 2025 was published. Report includes The Financial Statements, Board of Directors' Report, Sustainability Report, Auditor's Report and Assurance Report on the Sustainability Report, Corporate Governance statement as well as Remuneration report.

Events after end of the period

No material changes regarding the company's business or financial position have materialized after the end of the review period.