Cyviz As · OSL:CYVIZ
Cyviz As — Q1 2026 Earnings Presentation
14 slides from Cyviz As's earnings presentation, May 2026
Slide 1: Q1 2026 Financial Results
Q1 2026 Financial Results Cyviz AS
Slide 2: Agenda and Presenters
Agenda and Presenters Q1 2026 in brief Performance 2020 – 2026 Business Highlights Espen Gylvik | CEO Q1 Financials Outlook Q&A Lars Hjarrand | CFO Q1 2026 2
Slide 3: Q1 In brief
Q1 In brief Underlying momentum in the US and Europe is offset by the geopolitical situation in the Middle East Q1 Order intake of NOK 99 million, negatively affected by Middle East Revenue of NOK 108 million, down 27 million (-21%) compared to last Annual Recurring Revenue (ARR) NOK 66 million, sta
Slide 4: Performance 2020-2026 (12-month rolling)
Q1 2026 Q4-20 179 Q1-21 238 Q2-21 307 Q3-21 342 Q4-21 402 Q1-22 Q2-22 435 445 Q3-22 561 Q4-22 589 626 Q1-23 Q2-23 632 Q3-23 517 Q4-23 710 Q1-24 642 Q2-24 676 Q3-24 775 Q4-24 620 ORDER INTAKE (MNOK) Q1-25 641 Q2-25 609 Cyviz Group Q3-25 -4% 631 Q4-25 Q1-26 618 Q4-20 Q1-21 102 100 Q2-21 122 Q3-21 142
Slide 5: Order Intake and Backlog Development
Order Intake and Backlog Development • Underlying order intake for Europe and North America on track, MEAP NOK 30M behind due to geopolitical situation • Geopolitical situation delaying decision making processes among enterprises in MEAP • No deals out of pipeline, which is still building • Strong b
Slide 6: Business Highlights Q1
Business Highlights Q1 Energy deal, Large Defense Deals, Financial District, Saudia Technology Customer, USA 12MNOK+ Europe 30MNOK+ Cyviz has been entrusted with the One of Cyviz’ long term customer Cyviz remains the trusted partner for a Cyviz continues to provide pioneering opportunity to upgrade
Slide 7: Annual Recurring Revenue (ARR)
Annual Recurring Revenue (ARR) Quarter-end ARR MNOK 66.0 • ARR remained stable during Q1, with new recurring additions largely offsetting churn and expired contracts. Ongoing projects provide potential ARR upside in coming quarters. • Launch of the new version of the Software Management Platform on
Slide 8: Partner Status
Partner Status Select Partner Logos Cyviz Core Technology (CCT) • 25 partners signed • Actively building partner pipeline Partner Distribution Software Management Platform • 31 partners signed by end of Q1 12 3 • Advanced discussions and paid trials with 13 more partners 15 18 1 • 8 end-customers ho
Slide 9: Q1 Financials
Q1 Financials Q4 2025 9
Slide 10: Q1 Financial highlights
(all figures in NOK million) -21% Revenues Q1 189 204 139 160 • Defense contracts delayed 136 129 107 95 107 • Negative impact of approx. NOK 15 m Financial from ME • Unfavorable Fx effect of approx. NOK REVENUES Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 10M highlights -24% Gross profit
Slide 11: Operating cash flow
Operating Q1 Key drivers Q1 cash flow • A positive cash effect from receivables 1.4 (AR) due to invoices from Q4 as well as 6.3 5.3 proactive management of the receivables across the regions 0.9 • No significant change in inventory level -16.2 • Accounts Payable shows negative effect due to payment
Slide 12: Outlook
Outlook Q4 2025 12
Slide 13: Capitalize on fundament built in 2025 to drive core business
Outlook Capitalize on fundament built in 2025 to drive core business, new products and services, and cost optimization Profitable growth & cash management 1 Continued focus on profitability through cost optimization, new services, and revenue growth. Putting new tighter processes in place for collec
Slide 14: Q&A
Q&A Q4 2025 14