(Oslo, 7 May 2025) Axactor ASA announce first quarter financial results

Axactor delivers strong profit in Q1 2025, achieving an annualized return on
equity of 12%. Key improvement factors include NPL collection performance of
101%, reduced financial expenses, and a solid 28% Y/Y revenue growth for the 3PC
segment. Total gross revenue growth excluding the Spanish portfolios sold in
2024 reached 7%.

Key figures Q1 2025 (change from Q1 2024 in brackets)*
- Gross revenue of EUR 77m (down 2%)
- Total revenue of EUR 65m (up 15%)
- EBITDA of EUR 32m (up 23%)
- Cash EBITDA of EUR 47m (down 5%)
- Net profit after tax of EUR 10m (up EUR 9m)
- Annualized return on equity to shareholders of 12% (up 11pp)

"The curve adjustments we implemented in 2024 are affirmed by a 101% collection
performance, and we are very pleased to deliver an all-time high return on
equity to our shareholders in the first quarter," says CEO Johnny Tsolis.

Net financial items for the first quarter ended at EUR 17 million, down 27% from
the first quarter 2024. Axactor continued to re-purchase bond loans in the
quarter at sub-par prices, resulting in a net gain of more than EUR 1 million.
In addition to a lower outstanding debt, the interest expenses were also
positively affected by falling reference rates (IBOR).

"Our 2026 loan maturity plan is advancing ahead of schedule. We announced the
agreement to extend the RCF maturity in April, and with the recent bond
re-purchases we are well underway to handle the ACR03 bond," states Mr. Tsolis.
"Adding our continuous focus on cost and efficiency to the mix, our outlook
remains promising."


Presentation
10:00 am CEST, 7 May 2025: The results will be presented in a global investor
webcast with a live Q&A session. A recording of the webcast will be made
available after the live stream is concluded on axactor.com.

Webcast participation will be possible via the following. Please note that you
need to register before you will be provided with streaming access or phone
number, access code and pin.

Streaming:
- https://events.q4inc.com/attendee/776000256

Phone:
- https://www.netroadshow.com/events/login?show=ed57e5ff&confid=80457


For additional information, please contact:
Johnny Tsolis, CEO, Axactor
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com

Kyrre Svae, Deputy CEO & Chief Strategy Officer
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com


To learn more about Axactor, visit www.axactor.com


*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
financial report.

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 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Eilif Drageseth, Deputy CFO at Axactor ASA, on 7
May 2025 at 07:00 CEST.