Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — H1 2026 Earnings Presentation
20 slides from Huddlestock Fintech As's earnings presentation, Aug 28, 2026
Slide 1: H1 2026 First half results presentation
H1 2026 First half results presentation | August 28, 2026 Leif Arnold Thomas, Group CEO Ramtin Matin, Group COO/CTO
Slide 2: Our Platform Enables a Shortcut to Launch Financial Brokerage Services Anywhere in Europe
Our Platform Enables a Shortcut to Launch Financial Brokerage Services Anywhere in Europe ✓ Bundesbank and BaFin-regulated brokerage infrastructure Operating in Germany under full regulatory licence — no Haftungsdach workaround needed Source: BaFin registry · Huddlestock GmbH registration ✓ MiFID II
Slide 3: Six Problems Huddlestock Solves
Six Problems Huddlestock Solves For banks, insurers, fintechs, enterprises and platforms Regulation is a wall, Time-to-market is Cross-border expansion not a door measured in years is structurally blocked MiFID II compliance, Bundesbank and BaFin authorization and Proprietary brokerage platforms tak
Slide 4: What does our potential clients look like?
What does our potential clients look like? Organisations that can deploy Huddlestock's Investment-as-a-Service platform to their own customers Neobrokers & Digital Banks & Insurance Companies Digital Investment Platforms Neobanks Platforms wanting to expand product scope or geographic reach without
Slide 5: Giga Broker – Huddlestock's first white label solution customer
Giga Broker – Huddlestock’s first white label solution customer o June / July ➔ Continued expansion of user group during summer ➔ Trades of securities from users successfully executed on the platform “The ambition is to make GIGA Broker one of the top three neobrokers in o August/September: Germany
Slide 6: Visigon grew Q2/26 revenues by 30% (MNOK 2,3) year over year
Visigon grew Q2/26 revenues by 30% (MNOK 2,3) year over year Moving forward on key growth initiatives 2028 growth targets for Visigon LTM Q2’26 2028 Target Baseline ambitions Growing existing business Sales of Visigon cloud Revenue • Sales campaigns, increased • ISO 27001 certification use of SOME >
Slide 7: Visigon Acquires the assets of DoLand ApS and secures five-year Sustainability Reporting Agreement
Visigon Acquires the assets of DoLand ApS1 and secures five-year Sustainability Reporting Agreement with Merkur Andelskasse • Strategic expansion into Managed Services in Nordic Financial Market • New revenue stream within sustainability reporting towards financial markets. We can utilize already es
Slide 8: Increasing Business Development and Market Presence
Increasing Business Development and Market Presence • Preparing for joint participation (Hudl Germany + Visigon) at DKM 2026 in Dortmund in October (One of the largest fintech conferences in Germany) Focusing on six different segments with three different value propositions: White Label IaaS Solutio
Slide 9: Financial review
Financial review
Slide 10: Stable EBITDA on a lower cost base
Stable EBITDA on a lower cost base Reported profit and loss Unaudited, NOK million Q1 2026 Q2 2025 • EBITDA held at broadly the same level quarter-over-quarter, Q2 2026 Q2 2025 Restated Proforma3 NOK -6.2 million against NOK -6.0 million in Q1 2026, as cost discipline was maintained: Total operating
Slide 11: Q2 2026 Cash Flow
Q2 2026 Cash Flow • Liquidity reserves totaled NOK 9.6 million at the end of the second quarter, including a new loan facility in July of NOK 5 Q2 2026 cash flow million Unaudited, NOK million • Operating cash outflow of NOK 8.1 million is driven by the 9.6 investments in the ongoing European IaaS e
Slide 12: Outlook
Outlook HUDL HQ Visigon (Consulting) Steering for a leading market position with the IaaS platform European IaaS • More user groups on the Giga platform during Q3, more features in the app and launch in October • Continued commercial expansion ramp up of new sales in 2026 • Ambition to turn the busi
Slide 13: Q&A
Q&A Leif Arnold Thomas Ramtin Matin CEO COO/CTO
Slide 14: Appendix
Appendix
Slide 15: Consolidated income statement
Consolidated income statement Unaudited in NOK Q2 2026 Q1 2026 QoQ Q2 2025 YoY Operating income Other operating income 9 006 891 10 318 4101 -13% 14 060 940 -36% Total operating income 9 006 891 10 318 410 -13% 14 060 940 -36% Operating expenses Cost of materials/subcontractors 0 0 0% 0 0% Personnel
Slide 16: Consolidated statement of financial position
Consolidated statement of financial position Unaudited in NOK EQUITY AND LIABILITIES 30.06.2026 31.03.2026 ASSETS 30.06.2026 31.03.2026 Equity Non-current assets Paid-in capital Intangible assets Share capital 540 437 540 437 Research and development 19 775 426 20 847 712 Own shares -14 -14 Goodwill
Slide 17: Consolidated statement of cash flows
Consolidated statement of cash flows Unaudited in NOK Q2 2026 Q1 2026 2025 Profit/loss before tax -12 357 783 -12 220 894 -114 630 534 Depreciation and amortisation 5 072 981 5 899 019 33 210 713 Unrealised loss/gain on financial assets 0 -230 954 486 133 Changes to accounts receivable 1 161 477 836
Slide 18: Disclaimer 1/2
Disclaimer 1/2 This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentation is being made o
Slide 19: Disclaimer 2/2
Disclaimer 2/2 Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with respect to the condition (fin
Slide 20: Huddlestock
hddlestock
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