Slide 1: Q2 Interim report January – June 2025
Q2 Interim report January – June 2025 A reliable, present and independent European partner that combines deep technical expertise with local understanding. Proact 2025 Q2 Interim Report 1
Slide 2: Agenda
Agenda Proact introduction Proact’s market Quarterly highlights Financial results Magnus Lönn Noora Jayasekara Summary President & CEO CFO Proact 2025 Q2 Interim Report 2
Slide 3: Proact introduction: leading IT expert securing business critical data
Proact introduction Proact is a leading IT expert helping customers secure business critical data via world-class hybrid cloud solutions Proact introduction Proact in brief Geographical footprint Revenue and EBITA development (SEKm) • Founded in 1994, Proact has secured business critical data & push
Slide 4: Proact present in Northern Europe across four Business Units
Proact introduction Proact is present in Northern Europe distributed across four Business Units; Hybrid cloud services through our four main delivery HUBs Proact geographical presence and business units Nordic & Baltics UK • c. SEK 2,650m revenue • c. SEK 682m revenue • 323 employees • 287 employees
Slide 5: Best-in-class services and broad offering
Proact introduction We offer best-in-class services; Our broad offering enable us to support our customers wherever they are in their cloud journey Proact offering 8% 23% Revenue streams 1 56% 13% Systems Support services Managed Cloud Services Consulting services Independent provider and value- Pre
Slide 6: Well-positioned in an attractive growing market
Proact’s market Proact is well-positioned as a local trusted European partner - in an attractive growing market, with trends such as Cybersecurity and AI Market trends and development Strong drivers and favourable trends Digital transformation, Sustainability and Increased demand for Information sec
Slide 7: Mission-critical services across all industry verticals
Proact introduction We provide mission-critical services to customers across all industry verticals Proact offering PROFESSIONAL SERVICES TECHNOLOGY PORTFOLIO DELIVERY MODELS DATA BACKUP & SECURITY INCIDENT PROTECTION RECOVERY OPERATIONS RESPONSE CYBERSECURITY & RESILIENCE IMPLEMENT & VALIDATE DESIG
Slide 8: 2025 Q2 highlights
Quarterly highlights 2025 Q2 highlights Quarterly highlights • Proact launches new Swedish AI service – Proact Hybrid Cloud AI, powered by high-performance Nvidia GPU resources. The service Revenue Organic growth enables companies and organisations to develop and run advanced AI solutions in a secur
Slide 9: Revenue declined by 7.9% due to weak West and Central
Financial results Revenue declined by 7.9% due to weak performance in West and Central, despite solid development in Nordic & Baltics and UK Revenue development, 2024 Q2 – 2025 Q2 Revenue by revenue stream (SEKm) -7.9% • Total revenue decreased by 7.9% to SEK 1,171.8 million 1,272 (1,271.9), primari
Slide 10: Share of recurring revenue at an 8.3% CAGR from 2020
Financial results Share of recurring revenue at an 8.3% CAGR from 2020, currently making up 36% of total revenue Annualised recurring revenue development, 2020-2025 • ARR decreased 2.8% in reported numbers. SEKm 8.3% • New cloud service contracts signed totaling SEK 141,2 million 1,748 1,781 (133,8)
Slide 11: Adjusted EBITA declined by 21.3% year-over-year
Financial results Adjusted EBITA declined by -21.3% year-over-year, primarily due to lower revenue and a reduction in gross margin Adjusted EBITA development, 2024 Q2 – 2025 Q2 -21.3% 0.1 • Adjusted EBITA amounted to SEK 76.0 million (96.7), 9.4 -9.8 corresponding to a decrease of 21.3%, mainly due
Slide 12: Net cash decreased to SEK 100 million by Q2 2025
Financial results Net cash decreased from SEK 330 million in December 2024 to SEK 100 million by Q2 2025 Net cash development 2024 Q2 – 2025 Q2 (SEKm) -42 23 • During the first six months, total cash flow was SEK -222.4 million (56.4), of which SEK 182.2 million (234.0) was from 105 operating activi
Slide 13: Business Unit deep-dive: Nordic & Baltics
Financial results Cloud and system sales drive revenue increase and double-digit adjusted EBITA growth Business Unit deep-dive: Nordic & Baltics Nordic & Baltics Financial development Comments • Revenue growth of 3.6 % to SEK 672.4 million SEKm Q2 2025 Q2 2024 Change (%) (649.1), mainly driven by cl
Slide 14: Business Unit deep-dive: UK
Financial results Double-digit growth in the UK – driven by strong performance in the systems and services business, with positive contributions from BlakYaks Business Unit deep-dive: UK UK Financial development Comments • Revenue increased by 18.7% to SEK 211.6 SEKm Q2 2025 Q2 2024 Change (%) milli
Slide 15: Business Unit deep-dive: West
Financial results Revenue and margin decline in West – driven by lower service volumes and continued churn in cloud Business Unit deep-dive: West West Financial development Comments • Revenue decreased by 14.4% to SEK 175.5 SEKm Q2 2025 Q2 2024 Change (%) million (204.9), due to decreases in both Re
Slide 16: Business Unit deep-dive: Central
Financial results Revenue decline in Central following exceptionally strong comparison period – lower system sales and soft service demand Business Unit deep-dive: Central Central Financial development Comments • Revenue decreased by 45.2% to SEK 145.5 SEKm Q2 2025 Q2 2024 Change (%) million (265.4)
Slide 17: Progress against long-term financial targets
Financial results We continue to make good progress against our long-term financial targets on a full-year basis Financial development and long-term financial targets Sales Adj EBITA Leverage ROCE Dividends Sales growth per annum Adj EBITA margin Net debt / EBITDA Return on capital employed Dividend
Slide 18: Summary
Summary • Clear strategy: scale up what works, act quickly where improvement is needed. • Proact's model is strengthened by increased demand for independent and locally anchored cloud and AI solutions. • Nordics leads the way – strong customer base, profitability and efficient organisation. The Nord
Slide 19: Thank you!
Thank you! Contacts Magnus Lönn, President & CEO magnus.lonn@proact.eu Noora Jayasekara, CFO noora.jayasekara@proact.eu Christopher Ramstedt, Group Communications Manager christopher.ramstedt@proact.eu Proact 2025 Q2 Interim Report 19