29.8.2025 07:00:00 CEST | Huddlestock Fintech AS | Additional regulated
information required to be disclosed under the laws of a member state

Huddlestock Fintech AS ("Huddlestock" or the "Company") is pleased to announce
that it has carried out a set of strategic moves reshaping the business during
the first half of 2025. With reference to the announcement on 14 April 2025, the
reshaping includes divestments with effect from 24 April 2025 as divestments
with effects subsequent to the reporting period (the "Divestments"). The
reshaping of the business includes expansion into continental Europe with its
asset light European IaaS Platform, strategic Divestments, CFO appointment,
strengthening of its board of directors, and execution on the new strategy for
its Consulting business, Visigon.

"The first half of 2025 has truly been a transformative period for Huddlestock.
We have succeeded in executing on a series of bold and strategic moves to
reshape our business, streamline operations, and position ourselves for a large
European market opportunity. With the continued support and confidence among our
shareholders, we are currently at the starting point for our new chapter
together," says Leif Arnold Thomas, CEO of Huddlestock.


Year-over-year comparisons may not provide an accurate reflection of the
Company's performance due to the impact of the structural changes related to the
Divestments.

The Company reports a total operating income of NOK 31.4 million for the first
half of 2025, down from NOK 38.0 million in same period last year. Total
operating expenses were NOK 43.9 million, including one-offs related to the
Divestments, compared to NOK 47.4 million in the same period last year. The net
result for the period was negative NOK 53.9 million carrying effects related to
non-realized value change in shares received in the Divestment and losses
related to the sale. This compares to negative NOK 35.2 million in the same
period last year.


PRO FORMA Q2 2025

On a pro-forma basis, including the full effect of the Divestments and excluding
extraordinary transaction costs related to the transaction, Huddlestock reports
revenue of NOK 9.0 million and total operating expenses of NOK 13.1 million
resulting in a pro-forma EBITDA of negative NOK 4.1 million. Interest costs in
the second quarter were NOK 1.9 million, summing up to a quarterly pro-forma
cash burn of NOK 5.9 million. Going forward, on top of this, one-off costs
related to the divestment of the Nordic IaaS Platform are expected to continue
into the second half of 2025.


FINANCIAL SITUATION

At 30.06.2025 Huddlestock reports a cash position of NOK 10.6 million, which is
supported by 4,647,608 Done.ai - http://done.ai Group AB shares received
subsequent to the reporting period in connection with the Divestments. 20
percent of these shares will be distributed to Huddlestock's shareholders, with
more information to be disclosed in due course. The remaining 80 percent of the
shares, with a current market value of NOK 40.9 million, will be used as a
source of funding for Huddlestock's expansion into continental Europe.


STRATEGY AND OUTLOOK

After the Huddlestock's reshaping, the Company continues its operations with an
asset light IaaS business model focused on the European market while developing
its profitable consulting business, Visigon. Through its stake in Done.ai -
http://done.ai, the Company now holds a funding source for the expansion. With a
strengthened organization, including the native German CFO Sabine Merky starting
1 October 2025, the Company will continue to pursue its vision of delivering
innovative solutions that will shape the future of investing.

Visigon will be Huddlestock's primary revenue source in the second half of 2025,
with expectations of a strong second half of 2025 which is expected to bring the
full year revenue in line with that of 2024. The Company has an ambition to sign
a LOI with a second customer to the European IaaS Platform within 2025, and to
turn the European IaaS Platform cash flow positive during 2026.


PRESENTATION AND Q&A

The Company's Chairman of the Board, Øyvind Hovland, and the CEO Leif Arnold
Thomas, will host a webcast presentation of the results today in English at
10:00 CEST, followed by a Q&A session.

During the presentation, Simon Lange, Managing Director of GIGA Broker GmbH and
Co-CEO of AVL, will join as a guest speaker. He will provide insights into the
German market and outline the key intentions and objectives behind the agreement
between Huddlestock and GIGA Broker.

To participate, please register your interest with:

https://events.teams.microsoft.com/event/ac3c354a-53a1-4f5c-8646-a6236569977b@c1
a5a59d-592c-49a2-ada8-beedc552d1f5

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Leif Arnold Thomas, Chief Executive Officer, Huddlestock Fintech AS, +47 982
   15 520, leif.thomas@huddlestock.com 

ABOUT HUDDLESTOCK FINTECH AS

Huddlestock is an innovative technology software provider through its
Investment-as-a-service offering, with full operational service support and a
leading financial Consultancy services business. We deliver innovative and
sustainable technology and operational solutions to companies offering financial
products and services.

Find out more at huddlestock.com - https://www.huddlestock.com/

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18635076/6397/Download%20announce
ment%20as%20PDF.pdf

Huddlestock Fintech AS H1 2025 Report.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18635076/6394/Huddlestock%20Finte
ch%20AS%20%20H1%202025%20Report.pdf

Huddlestock Fintech AS - H1 2025 Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17848032/18635076/6396/Huddlestock%20Finte
ch%20AS%20-%20H1%202025%20Presentation.pdf