(Oslo, 12 February 2026) - LINK Mobility reported a softer fourth quarter,
reflecting temporary headwinds concentrated among a small number of larger
clients, primarily within Global Messaging. Reported gross profit was NOK 461
million, up 6% year-over-year including acquisitions and down approximately 4%
organically. On a proforma basis and in stable currency, gross profit declined
2%, while adjusted EBITDA decreased 8%, due to the gross profit shortfall and
opex growth. Excluding the affected clients and net negative year-end accounting
effects, the remaining customer base delivered healthy underlying growth of
around 17 million, and the company expects a gradual return to organic growth
over the coming quarters.

Softer performance in Q4 was driven by a limited number of clients
o A handful of clients from previous quarters continued to reduce growth in Q4
o Expected Q4 seasonality did not materialize