Oslo, 19 August 2025: Spir Group ("the Group", OSE: SPIR) increased revenues by
11 percent in Q2 2025 compared to the same quarter in 2024 to NOK 268 million,
while EBITDA improved by 27 percent to NOK 38 million. Cash EBITDA increased by
66 percent, reaching NOK 25 million. The growth was driven by 6 percent organic
growth and the acquisition of iVerdi. All financial figures are excluding Sikri
AS, the divested entity as announced on July 11.
 
"The positive development from the previous quarter continues, as higher
activity in the real estate market provide tailwind for our operations. Growing
revenues and improving margins remain a key priority for us, and I am pleased
that we are now starting to see accelerated financial improvements across the
Group as a result of the strategic initiatives implemented over the past few
years," says Per Haakon Lomsdalen, CEO of Spir Group.

Shortly after quarter end, Spir Group announced the divestment of Sikri AS,
focusing solely on real estate data and services. The transaction implies an
enterprise value of NOK 1 billion, of which NOK 900 million was paid in cash at
closing on July 24, and NOK 100 million will be settled in 2028. Furthermore,
Spir is entitled to an earn-out payment of NOK 50 million, contingent upon
Sikri's performance in 2025.
 
"The real estate industry is currently undergoing a significant digital
transformation with the industry recognizing its potential to enhance customer
offerings, strengthen competitive positions, and significantly increase
operational efficiency. With comprehensive data offering and well-established
products and solutions, the focused Spir Group serves as a crucial
digitalization partner for the whole real estate sector," says Lomsdalen.

The Board has proposed a dividend of NOK 2.44 per share following the divestment
of Sikri, equaling approximately NOK 324 million. Spir Group has also decided to
pay down debt to NOK 141 million, down from 616 million at the end of June,
significantly improving the balance sheet. The Group's long-term dividend policy
is to have a payout ratio of 40-60 % of Cash EBITDA, provided that the Group's
capital adequacy is at a satisfactory level. The company is expected to maintain
a leverage ratio (NIBD/adj. EBITDA) below 2.0. 

***
 
Investors, analysts, and media are welcome to follow a webcast presentation of
the results today at 08:00. 

The presentation will be held by CEO Per Haakon Lomsdalen and Interim CFO Line
Cecilie Stenseth.
 
Webcast link: https://channel.royalcast.com/landingpage/hegnarmedia/20250819_2/ 

The report and presentation are available for download from
https://spirgroup.com/reports-and-presentations and www.newsweb.no. The webcast
will be available for replay immediately after the live stream is concluded.
 

For further queries, please contact: 

Per Haakon Lomsdalen, CEO 
E-mail: per.lomsdalen@spirgroup.com 
Telephone: +47 90 27 19 18 

Line Cecilie Stenseth, Interim CFO 
E-mail: line.stenseth@spirgroup.com 
Telephone: +47 91 66 24 17


About Spir Group 
Spir Group is a Nordic software house delivering mission critical software and
data within the real estate sector. Spir Group helps to streamline complex real
estate processes through specialized niche software and data. The Group's
customers range from real estate agents, banks, insurance companies, appraisers,
property developers, media companies, builders, property owners, engineers,
power companies, and building materials production companies. Our mission is to
help our customers streamline their operations and drive digitalization through
software, data and artificial intelligence.