Slide 1: Q4 2025 report
Q4 2025 report Andreas Eriksson, CEO Cecilia Höjgård Höök, CFO 11 February, 2026
Slide 2: Agenda
•Tillväxt i Americas men avvaktande marknad i EMEA och APAC •Växande intresse för lösningar för icke-managerade (internet- och molnbaserade) nätverk •Stärkt produktportfölj inom media, med ett flertal nya funktionslanseringar •Växande behov av GNSS-oberoende tidssynkronisering AGENDA 01 HIGHLIGHTS 0
Slide 3: 2025 and Q4 2025
2025 and Q4 2025 Weak Q4 2025 and an overall challenging 2025, driven by a combination of external and internal factors External factors was related to exchange rate headwinds, uncertain macro economic environment and longer than expected sales cycles for Time Synchronization. In response, we contin
Slide 4: Key actions following reflections and a challenging 2025
Key actions following reflections and a challenging 2025 Enhancing our portfolio Increasing sales efficiency Drive conversion in Carry on with strengthening and Continue to develop our sales and Time synchronization expand portfolio in our cloud and marketing area to increase efficiencies More focus
Slide 5: Business Review
~," in A { f , eo BUSINESS REVIEW
Slide 6: Net Insight is well positioned in a live sports and media market
Consumer behavior Increasing demand for changing higher capacity Live sports consumed through digital Launch of groundbreaking 400G-platform at services driving need for more content the turn of the year 2025/2026. and increased quality which provide an opportunity for all our offerings. Net Insight
Slide 7: Net Insight's value proposition
Strong customer engagement Strong core product offering and trusted brand with differentiated features o Customer trust driven by high quality products o High quality and scalable o Deep customer products Net Insight’s engagements o High-capacity (100G/400G) o Highly rated support services value p
Slide 8: Current TAM ~5 SEKb with opportunity to expand into new adjacent areas
Current TAM ~5 SEKb with opportunity to expand into new adjacent areas to further increase TAM Studio and Production market New Products New compression technology Current core market - Market size: 1.5-2 SEKb - CAGR: 4-7% Primary distribution Limited current presence but looking to broaden Existing
Slide 9: Media: Challenging year but with important steps to build the foundation for the future
Media: Challenging year but with important steps to build the foundation for the future • Challenging 2025, performance did not meet our ambition • Q4 finished weaker than expected due to low demand in Q4 and absence of typical year-end budget orders. • Our cost reduction program and cost control co
Slide 10: Time Synchronization: Strengthened position but long sales cycles
Time Synchronization: Strengthened position but long sales cycles • The need for GPS-independent time synchronization continues to grow, with Net Insight’s solution generating strong market interest. To date, 33 customers have entered Proof Of Concept • Following a weak start to the year, momentum i
Slide 11: Telecoms have long sales cycles with several defined stages
Telecoms have long sales cycles with several defined stages 12-24+ months Network Prospects Field Pilot Planning and Rollout Full POCs Trial Installation Budgeting Operations Commercial Customers • 33 customers have started POC • 40% of Customers performing Field Trial have • 60% of concluded POCs h
Slide 12: Financials
FINANCIALS ~ VWF “/netinsight 12
Slide 13: Revenue Trends Amid Macro, FX, and Operational Pressures
Revenue Trends Amid Macro, FX, and Operational Pressures Net Sales Split by region Net sales Media Net sales Time Synchronisation APAC +7% AMERICAS CAGR Q4 2025 EMEA 608 117 SEKm 559 8% 10% 10% 8% 16% 13% 134 521 475 -12% 162 117 -4% 35% 31% 34% 40% In comparable 28% 37% 381 125 currencies 156 332 1
Slide 14: Profitability
Profitability Gross Margin* Operating Expenses** EBITDA** Gross Profit Operating expenses EBITDA 46 Gross Margin Operating exp in % of revenue Margin 74 76 72 31% 65 100 63% 58 98 98 28 80 24 75% 76 56% 55% 53% 18 69% 68% 14 21% 66% 66% 17% 39% 15% 13% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 24
Slide 15: Pressured profitability
Pressured profitability Operating earnings per quarter* Operating earnings LTM* Ope ra ting e a rning* Ope ra ting e a rning* Ope ra ting ma rgin* Ope ra ting ma rgin* 106 100 38 81 29 21.8% 25 70 71 18.1% 22 63 64 64 20 59 15.9% 13.6% 14.9% 54 13 12 13 17% 9.5%9 10.6% 16% 9.2% 7.4% 5 13% 13% 13% 13
Slide 16: Net cash decrease primarily driven by one-off FPGA payments
Net cash decrease primarily driven by one-off FPGA payments Cashflow: Short-term impact by higher WC requirements • Cash flow from operating activities at 12.1 (S EKm) 48 SEKm, adjusted for final FPGA payment 70.1 SEKm • Cash flow from investment activities of -23.3 22 5 0 SEKm, mainly capitalized e
Slide 17: Summary
SUMMARY VWF SY netinsight 18
Slide 18: Focus on continued improvements following a challenging 2025
Focus on continued improvements following a challenging 2025 Challenging 2025 with a weak finish. A year that did not meet our ambition. Driven by both external and 4 internal factors. Focus on continued improvements to enhance our portfolio and increase our sales efficiency. Our cost reduction and
Slide 19: bicidé
bicidé tinsight 20
Slide 20: Contact Calendar
Contact Calendar Investor relations 22 April 2026 Annual Report 2026 will be published Cecilia Höjgård Höök, CFO 29 April 2026 Andreas Eriksson, CEO Q1 2026 Interim report will be published at 07.30 CET ir@netinsight.net 12 May 2026 Annual general meeting 15 July 2026 Q2 2026 Interim report will be
Slide 21: netinsight.net
“netinsight.net. netinsight