Sandnes, Norway, 7th May 2025: 

Zaptec is pleased to report its financial results for the first quarter of 2025,
showcasing continued improvements across key performance indicators. The company
has demonstrated notable increases in order intake, revenue, EBITDA and
liquidity compared to the same period last year.

"The start of 2025 has been strong, and our visibility for future revenue has
improved with an even more solid order backlog," says Kurt Østrem, CEO of
Zaptec. "The EV market recovery is underway, and we are ramping up production
and delivery of our new products targeting major European markets. In sum, this
means that we continue to be confident for the future with a positive outlook
for profitable growth."

Q1 highlights: 
o Revenue of 347 MNOK 
o Order intake of 366 MNOK 
o Order backlog of 507 MNOK 
o Gross margin of 39% 
o Opex of 120 MNOK 
o EBITDA of 14 MNOK 

A video presentation of the first quarter financial results is available at
https://www.zaptec.com/company/investor-relations 

For further information, please contact: 
Kurt Østrem, CEO, Zaptec ASA Tel: + 47 40 40 47 00, e-mail: kurt@zaptec.com 
Eirik Fjellså Hærem, CFO & Deputy CEO, Zaptec ASA Tel: +47 95 72 21 45, e-mail:
efh@zaptec.com 
Kristian Sæther, Finance Director & IR, Zaptec ASA Tel: + 47 90 70 85 12,
e-mail: investor@zaptec.com 

About Zaptec: Zaptec is a technology company within electric vehicle (EV)
charging systems in Europe. The company develops EV charging systems for multi
and single-family homes and office buildings. The product portfolio enables many
charging points at a low cost and includes Zaptec Pro, Zaptec Go, Zaptec Portal,
and Zaptec Sense. The company accelerates the electrification of the transport
sector to assist European countries in reducing CO2 emissions from light-duty
cars.