Slide 1: Half-Year Report & Q2/2025
GOFORE PLC 1- 6/2025 Half-Year Report & Q2/2025 Q2 profitability was weak, corrective measures taken 14 August 2025 GOFORE GOFORE
Slide 2: Weak Q2 paves way for a more solid H2
2 Q2 / 2025 ¢ Weak Q2 paves way for a more solid H2 Gofore’s Q2 profitability was weak from lower net sales and one-off burdens but many actions have been taken for a more profitable near future. PROFITABILITY Change negotiations along with layoffs bring 2.4 million euros of saving for H2. Bench sit
Slide 3: Growth and Profitability
GROWTH AND PROFITABILITY Back to a growth track in H2/2025 25.5 77 Organic growth % MEUR Stuer PLanet mangodesign 64.1 2018 2019 13.4 12.0 Adj. EBITA-% 14.6 Q oentine! ~ 2 °o 2020 13.8 17.0 ec 32.0 22.0 3.2 79 huld Creanex emundo © Devecto 149.9 2022 LTM 2025 H1/25 147 141 128 5.4 Figures for the fi
Slide 4: Q2 2025 Highlights
Q2 2025 Highlights Q2 profitability was weak, corrective measures taken. * Net sales decreased by 7.9%, adjusted EBITA at 2.6% (12.7%). * Profitability affected by the decline in net sales as well as projects that exceeded the workload estimate, and a write-down of one fixed-price project, which had
Slide 5: Several one-offs now out of our way
Q2 / 2025 Several one-offs now out of our way * Utilisation rate improved in June indicating the impact of adjustments from change negotiations. * Write-down made on one fixed-price project. ° No write-down risk seen as for other fixed and ceiling price projects that only represented ~ 1% of the Q2
Slide 6: Change negotiations
CHANGE NEGOTIATIONS Financial impacts of change negotiations The savings from the change negotiations that ended in May are estimated to be 2.4 million euros for 2025 as of August. ° We report the number of employees in June, 1,390, and the capacity, 1,313 FTE, as it actually was after the implement
Slide 7: 2021 2022 2023 2024 LTM
• • • 2021 2022 2023 2024 LTM • 2025 •
Slide 8: Leavers total Unexpected leavers
• • • • • • Leavers total Unexpected leavers
Slide 9: Gofore
GOFORE
Slide 10: Q2/25 vs. Q2/24 adjusted EBITA comparison
Q2 / 2025 Q2/25 vs. Q2/24 adjusted EBITA comparison roo 6 094 @ 6 000 5.000 4000 3.000 (2) e 2.000 “3783 =143 1000 -783 - 228 i} Net sales OPEX 2024 Q2 adj. EBITA EMPEX Other ™lIncrease | Decrease @ Total Note: all PNL figures presented including respective EBITA adjustments EBITA adjustments 1297 ]
Slide 11: H1/25 vs. H1/24 adj. EBITA comparison
H1 / 2025 H1/25 vs. H1/24 adj. EBITA comparison 14 000 12.877 0 12 000 10 000 8000 (2) e 6 000 ~6 595, - 603 82 4 864 4000 - 897 2000 O Net sales OPEX 2025 H1 adj. EBITA 2024 H1 adj. EBITA EMPEX Other Mincrease Decrease Ml Total Note: all PNL figures presented including respective EBITA adjustments
Slide 12: Excellent financial KPIs
H1 / 2025 Excellent financial KPIs EUR million, unless stated 30 June 2025 31 Dec 2024 otherwise Cash and cash equivalents 49.6 56.8 Interest-bearing net debt -28.4 -36.0 Equity ratio 59.9% 62.1% Net gearing -28.5% -341% KPIs enable us to: - Excellent balance and strong cash flow after Q2 actions wi
Slide 13: Gofore
GOFORE 8
Slide 14: Gofore acquires technology company Huld
G NEW ACQUISITION Gofore acquires technology company Huld Highlights of the arrangement ° On 4 July, Gofore made a purchase agreement for the entire share capital of Huld Group (RDV Holding Oy). The acquisition is expected to be completed by 1 September 2025, once it has been approved by the competi
Slide 15: Clear strategic rationale
NEW ACQUISITION Clear strategic rationale Supplementary expertise * Significantly expands Gofore's Intelligent Industry and Security business; Gofore rises among the largest players in Finland's industrial digitalisation. * Doubles the workforce in Intelligent Industry and expand customer portfolio,
Slide 16: Gofore's strategic growth areas
G NEW ACQUISITION Gofore’s strategic growth areas Digital Society Intelligent Industry — Digital . . , F Machines & @ncumnt Wellbeing Retail & Services Security Production
Slide 17: Add Huld
NEW ACQUISITION Add Huld eee Defence & Space Machines Security Digital Society Intelligent Industry — Digital 4 F a Machines & Government Wellbeing Retail & Services Security Production a. ERED FADED AIRBUS WARTSILA
Slide 18: Equals perfect strategic fit enabling future growth
NEW ACQUISITION Equals perfect strategic fit enabling future growth Digital Government Digital Society Wellbeing Retail & Services wl Space Security Defence & Security - Intelligent Industry 5 Machines & Production Gofore + Huld = Stronger together
Slide 19: Digital Services & Software, Product Design & Solutions, Embedded Safety & Security
Digital Services & Product Design & Embedded Safety & Software Development Solutions Security • Service Design • Mechanical Design • Embedded Software • Digital Security • UX/UI Design • Industrial Design Design • Web/Mobile/Cloud/ • Electricity & Hydraulics • Electronics Design • CyberSafety Deskto
Slide 20: Digital Services & Software, Product Design & Solutions, Embedded Safety & Security
Digital Services & Product Design & Embedded Safety & Software Development Solutions Security • Service Design • Mechanical Design • Embedded Software • Digital Security • UX/UI Design • Industrial Design Design • Web/Mobile/Cloud/ • Electricity & Hydraulics • Electronics Design • CyberSafety Deskto
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Slide 22: Updated long-term financial targets
TARGETING Updated long-term financial targets Related to Gofore’s updated strategy, in December 2024, the Gofore Board of Directors decided to update the company's financial targets that span over the economic cycle. 500 MEUR 15% 40% of net sales by 2030 Profitability of Dividends minimum adjusted E
Slide 23: No clear turnaround for the better yet
2025 No clear turnaround for the better yet — We see individual positive signals Moderate growth in the public sector We estimate that public sector digital investments will continue, emphasis on security expected. We expect the sector to continue moderate growth in 2025. Positive signals from the p
Slide 24: Q3/2025 Performance drivers
2025 Q3/2025 Performance drivers Positive impacts expected from the change negotiations on Q3 utilisation rate. Once closed, Huld acquisition increases capacity in September. Profitability drivers can be expected to significantly improve from Q2. Growth Drivers We expect moderate growth in demand in
Slide 25: Confidently looking to the future — our priorities
2028 G Confidently looking to the future — our priorities With major renewal behind us and a ne acquisition underway, we are in good shape for getting back on a growth path, market conditions allowing. |. Ensure post-restructuring performance * Healthy utilisation rate after restructuring measures *
Slide 26: Guidance for 2025
DISCLOSURE AND GUIDANCE Guidance for 2025 Gofore guides that the adjusted EBITA for the entire year of 2025 will be set at 8-10 percent of net sales. This guidance applies to the Gofore Group excluding the Huld acquisition. Due to the significantly deviating Q2 adjusted EBITA compared to the corresp
Slide 27: Mikael Nylund, Teppo Talvinko
Mikael Nylund Teppo Talvinko GOFORE
Slide 28: Upcoming financial reporting
Pioneering an ethical digital worl Upcoming financial reporting * Q3 Interim Report on 23 October 2025 Stay in touch! investorrelations@gofore.com GOFORE