Tietoevry Corporation    INTERIM REPORT23 October 2025   9:00 a.m. (EEST)


  · Organic growth 4%, or -1% eliminating the revenue related to a court ruling
in Tietoevry Banking
  · Tietoevry Care and Industry back to growth
  · Adjusted operating margin 19.3% (12.8%), or 15.2% eliminating the court
ruling effect in Tietoevry Banking
  · Improved profitability in all businesses
  · Cost optimization progressing towards the 2026 target of EUR 115 million -
run-rate savings of EUR 75 million achieved by the end of the third quarter
  · The divestment of the Tech Services business completed during the quarter

The divestment of Tietoevry Tech Services was completed on 2 September. The
business has been presented as a discontinued operation as from the first
quarter of 2025. The financial information presented in this report concerns
continuing operations, unless otherwise stated. The comparative information has
been restated accordingly.

The full interim report with tables is available at the end of this release.

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                             7-9/2025  7-9/2024  1-9/2025  1-9/2024
Revenue, EUR million         454.2     436.3     1388.1    1407.6
     Organic growth[1)], %   4         -1        -1        0
     Acquisitions and        0         1         0         3
divestments, %
     Foreign exchange        0         -1        0         -1
rates, %
Total growth, %              4         0         -1        2
Organic growth adjusted for  4         -2        -1        1
working days[4)], %
Operating profit/loss        56.5      35.5      16.4      108.3
(EBIT), EUR million
Operating margin (EBIT), %   12.4      8.1       1.2       7.7
Adjusted[2)] operating       87.8      55.9      181.3     167.0
profit (EBITA[3)]), EUR
million
Adjusted[2)] operating       19.3      12.8      13.1      11.9
margin (EBITA[3)]), %
Cash flow from operating     44.7      58.2      193.4     198.1
activities, EUR million[5)]
Interest-bearing net debt,   551.9     900.5     551.9     900.5
EUR million[5)]

Full-year outlook for 2025 updated on 15 September
Tietoevry expects its organic[1)] growth to be in the range of -2% to 0%
(revenue in 2024: EUR  1 879.5 million). The company estimates its full-year
adjusted operating margin[2)] (adjusted EBITA[3)]) to be 12.7-13.3% (12.0% in
2024).
The profitability outlook includes a negative IFRS 5-related impact of
approximately 1.1 percentage points on the adjusted operating margin (EBITA) due
to the Tech Services divestment. The impact comprises the costs that the company
was not able to allocate to discontinued operations prior to the closing of the
divestment on 2 September, and transition services income after that date.

1) Adjusted for currency effects, acquisitions and divestments
2) Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability
3) Profit before interests, taxes, amortization of acquisition-related
intangible assets, goodwill and other intangible asset impairment
4) Company estimate
5) Cash flows combine the continuing and the discontinued operations