Slide 1: Q2 2025 Results
Q2 2025 Results 21st August 2025 Presented by CEO Rósa Stensen and CFO Abhijit Banik
Slide 2: Key highlights Q2 2025
Key highlights Q2 2025 Q2 2025 results Revenue and gross margin NOK million ▪ Third consecutive quarter of year-over-year revenue growth: Revenue reached NOK 57 million in Q2 2025, up from NOK 39 million in Q2 2024, driven by strong growth in both Channel and Strategic Partner segments ▪ Gross margi
Slide 3: Business plan priorities
Business plan priorities Strategic focus 1 2 3 Grow Strategic Partner and Maintain healthy gross margin by Disciplined investments Channel revenue monetizing on AI enabled products and cost control Huddly AS, Q2 2025
Slide 4: Successful launch and growing momentum for the direct distribution partnership with Shure
Successful launch and growing momentum for the direct distribution partnership with Shure Description of the partnership Development since launch of partnership ▪ The Shure IntelliMix kits were introduced at ISE in February 2025 with first end customer shipment in the US in May 2025. Combining the l
Slide 5: MoU signed with Barco to deliver modular AI-driven solutions for all meeting spaces
MoU signed with Barco to deliver modular AI-driven solutions for all meeting spaces Barco is a global technology company with 3,200 employees, known for ClickShare used to wirelessly present content. Barco will introduce its new ClickShare Hub Core/Pro and intends to certify bundles with Huddly came
Slide 6: Actively pursuing more strategic partnerships: Final negotiations with a new leading global industry player
Actively pursuing more strategic partnerships: Final negotiations with a new leading global industry player ▪ Huddly is engaged in active discussions with several potential Strategic Partners to explore new opportunities and accelerate growth ▪ As a result, Huddly has entered into final negotiations
Slide 7: Channel delivers three consecutive quarters of solid YoY revenue growth
Channel delivers three consecutive quarters of solid YoY revenue growth Channel revenue development (NOK million) Key drivers Strengthened strategic relationship and collaboration with key distributors and resellers Improved sales processes: Data driven CRM, enhanced customer targeting, increased US
Slide 8: Product roadmap: A complete video and audio solution player
Product roadmap: A complete video and audio solution player Video: Video + Audio: Video + Audio: Multi-camera solution Complete solution for small-medium rooms Complete solution for all rooms 2024 2025 2026-27 Huddly Crew Huddly C1 videobar Huddly satellite device (modularity) Huddly AI Director wit
Slide 9: Crew continues to grow, representing a vital part of Huddly's product portfolio and market position
Crew continues to grow, representing a vital part of Huddly’s product portfolio nd m rket position Huddly AS, Q2 2025
Slide 10: Huddly C1: The new AI-driven videobar
Huddly C1: The new AI-driven videobar Launched at Infocomm with ▪ In collaboration with Lenovo and Barco, launched globally at Infocomm Key features: in USA in June 20x more AI processing power Modular design: Standalone or multi-camera ▪ On track to deliver the first customer shipment in September
Slide 11: The C1 roadshow with Microsoft and Lenovo is expanding into the US and additional strategic hubs across EMEA
The C1 roadshow with Microsoft and Lenovo is expanding into the US and additional strategic hubs across EMEA Go-to-market and product launch Q1 2025 Q2 2025 H2 2025 EMEA roadshow in Oslo, London, Paris, USA roadshow in Chicago, Seattle and Warsaw and Milan Boston. Continued EMEA roadshow in First sh
Slide 12: The impact of US tariffs has currently stabilized
The impact of US tariffs has currently stabilized. Huddly benefits from a favorable relative cost position Tariff situation as of mid-August 2025 Implications for Huddly ▪ Huddly exports to the US from Poland (EU) and Norway 15 % general tariff ▪ US t ff h c dc t f H ddly’ d t b t p t , wh handle sh
Slide 13: Business plan: Strong growth ambitions, cash flow positive in 2026, and healthy cash generation from 2027
Business plan: Strong growth ambitions, cash flow positive in 2026, and healthy cash generation from 2027 Strategic focus Priorities and plan Growth ambitions (MNOK) 1 Ch l St t cp t m t t l Grow channel Leveraging Strong alignment 48% ~ 45-50% ~ 45% ~ 45-50% Grow Strategic Partner revenue by focusi
Slide 14: New equity financing and use of proceeds
New equity financing and use of proceeds ▪ Private placement of NOK 50 – 75 million, of which NOK 50 million guaranteed, to bridge the company to cash flow positive in 2026 Uses ▪ St th th b l c h t d c f c l w y d l d fy H ddly’ attractiveness with Strategic Partners, vendors and shareholders Bridg
Slide 15: Financials
Financials
Slide 16: Continued strong revenue growth, driven by both Channel and Strategic Partners
Continued strong revenue growth, driven by both Channel and Strategic Partners Revenue development and split NOK million, % of total revenue Revenue totaled NOK 57 million, representing a 45 % increase Ch l St t cp t over Q2 2024 and a 25 % increase over Q1 2025 4 22 ▪ Sales to Channels in Q2 2025 i
Slide 17: Gross margin of 43 % in Q2 2025, due to change in product mix and certain one-off items
Gross margin of 43 % in Q2 2025, due to change in product mix and certain one-off items Gross margin (%) development ▪ Gross margin was 43 % in Q2 2025, primarily reflecting a change in product mix and one-off impact from scrapping and concluding sales of a maturing, lower- margin product. 45 % gros
Slide 18: Summarized P&L: Improved operational efficiency
Summarized P&L: Improved operational efficiency Condensed profit & loss statement NOK million Q2 2025 Q2 2024 Change H1 2025 H1 2024 Change ▪ YoY revenue increase due to strong Channel Revenue 56.7 39.1 45% 102.0 72.1 41% sales performance, and Strategic Partner Gross profit 24.2 15.2 59% 48.1 31.1
Slide 19: R&D investments to drive long-term growth
R&D investments to drive long-term growth Capitalized R&D cost NOK million ▪ Capitalized R&D cost of NOK 14 million in Q2 2025. The increase reflects a higher share of maintenance vs. development in Q2 2024; Q2 2025 has returned to a normal level ▪ 57 engineers, including approximately 45 with exten
Slide 20: Q2 2025 cash flow
Q2 2025 cash flow Cash flow NOK million Q4 2024: NOK -33 million Q1 2025: NOK -21 million ▪ Operational cash flow improved to NOK .0 -18 million, a noteworthy enhancement 4. compared to NOK -21 million in Q1 2025 . . and NOK -33 million in Q4 2024 > ▪ Cash balance at 30.06.2025 of NOK 52 million ▪ C
Slide 21: Q&A
Q&A CEO, Rósa Stensen CFO, Abhijit Banik Chair of the Board, Jon Øyvind Eriksen
Slide 22: Slide 22