30 slides from Link Mobility Group Holding Asa's earnings presentation, Aug 19, 2026
Slide 1: Financial presentation Q2 2026
LINK Mobility Group Holding ASA Financial presentation Q2 2026 August 19, 2026 linkmobility.com
Slide 2: Disclaimer
DISCLAIMER The statements contained in this presentation may include forward-looking statements, such as statements of future expectations regarding the Company's results of operations, financial condition, liquidity, prospects, growth and strategies. These statements are based on the management's c
Slide 3: Strong messaging demand - LINK building for next-generation customer engagement
Strong messaging demand - LINK building for next-generation customer engagement Customers rely on proven channels today, while tomorrow’s demand is richer, more contextual and AI powered HISTORICAL THE NEXT PHASE OF HOW LINK IS FULFILLING FUTURE MARKET NEEDS COMMUNICATION NEEDS CUSTOMER ENGAGEMENT B
Slide 4: Our combination of technology and local execution creates competitive advantage
Our combination of technology and local execution creates competetive advantage Advanced technology and global capability – with local presence, trusted delivery and customer intimacy The preferred partner for enterprises Smaller local providers Global platforms in local markets Close to the market
Slide 5: Strong CPaaS momentum and local execution reinforce LINK's differentiated position
Strong CPaaS momentum and local execution reinforce LINK’s differentiated position Rapid growth in higher-value solutions and local presence across all markets demonstrate LINK's ability to capture the market transition 1 CPaaS momentum 2 Local go-to-market and presence Why customers choose LINK A)
Slide 6: Q2 2026: Return to organic gross profit growth and 2H guidance reiterated
Q2 2026: Return to organic gross profit growth and 2H guidance reiterated Second quarter marked the growth inflection - with increasing momentum set to deliver a stronger second half KEY HIGHLIGHTS Organic gross profit growth returned in Q2, supporting H2'26 outlook Results in line with expectatio
Slide 7: All-time high contract wins and consistent high CPaaS share
All-time high contract wins and consistent high CPaaS share Closed CPaaS contracts reached the second-highest level on record Gross profit contribution from new contract wins¹ Key drivers of growth NOKm +7% CPaaS Record commercial momentum 53 SMS A2P 50 48 ✓ All time high contract wins of NOK 53 mil
Slide 8: LINK signs AI-enabled customer engagement contract with one of the world's largest fashion retailers
LINK signs AI-enabled customer engagement contract with one of the world’s largest fashion retailers A first-mover customer use case demonstrating future demand and LINK’s ability to deliver advanced AI-enabled customer engagement THE CUSTOMER ADVANCING THEIR CUSTOMER ENGAGEMENT WITH ADVANCED AI USE
Slide 9: SMSPortal positioned for stronger growth momentum in H2'26
SMSPortal positioned for stronger growth momentum in H2'26 Elevated comparables not fully offset due to slight delays in new contract volumes SMSPortal at a glance Proforma Financials 1 Strong growth Expected outlookin H2’26 growth momentum improvement Gross Profit (mNOK) Elevated comparables impact
Slide 10: Disciplined capital allocation focused on shareholder value creation
Disciplined capital allocation focused on shareholder value creation Capital is deployed where we see the strongest long-term value creation opportunity Proven M&A Track Record Medium-term strategy remains unchanged ● M&A remains a core part of LINK’s long-term value creation strategy Mexico ● We co
Slide 11: Value creation through organic growth and accretive M&A
Value creation through organic growth and accretive M&A Key medium-term objectives – structural market opportunities support high single-digit gross profit growth Growth Profitability Capital allocation Accretive M&A first priority High-single digit GP growth Adj.EBITDA growth 2026: Expect to return
Slide 12: Financials
Q2 2026 Financials linkmobility.com
Slide 13: Stable customer concentration with diversified industry exposure
Stable customer concentration with diversified industry exposure Top 10- and remaining customers as % of gross profit1 Gross profit by industry1 Managed concentration Other Banking & Insurance 15.3% 14.9% 15.5% 15.1% 14.9% Stable gross profit share from top 10 18% 19% customers over time of around 1
Slide 14: Reported revenue increased 17% year-over-year despite 5% FX headwind
Reported revenue increased 17% year-over-year despite 5% FX headwind Organic revenue grew 3% as enterprise revenue growth more than offset decline in Global Messaging Reported revenue (NOKm) Organic enterprise revenue growth improved QoQ to 6% in stable FX +17% ● Enterprise growth offsetting decline
Slide 15: NRR normalizes supporting improved growth momentum
NRR normalizes supporting improved growth momentum Q2’26 Net Retention Rate improved 5pp QoQ Enterprise and Global Messaging churn (%) 3.2 2.9 QoQ further decrease in enterprise churn ● Enterprise churn impacted by churn of high-volume SMS client since Q4’25 2.2 1.9 2.2 ● Gradually fading out effect
Slide 16: Gross profit returned to organic growth QoQ while reported FX headwind of 5%
Gross profit returned to organic growth QoQ while reported FX headwind of 5% Organic enterprise gross profit of 3% offset slight decline in Global Messaging Reported gross profit development yoy (NOKm) Organic enterprise growth improved QoQ to 3% +2% +16% NOK 9 million organic enterprise growth supp
Slide 17: Reported adjusted EBITDA growth of 28% from M&A
Reported adjusted EBITDA growth of 28% from M&A Slight organic decline from 5% opex increase offsetting low single digit gross profit growth Reported Adj. EBITDA (NOKm) Organic Acquired +28% Reported adjusted EBITDA growth of 28% 265 272 281 ● Organic Adj. EBITDA decline of NOK 3 million in fixed cu
Slide 18: Statement of Profit & Loss
Statement of Profit & Loss NOK in millions Q2 2026 Q2 2025 YTD 2026 YTD 2025 Year 2025 Non-recurring items of NOK 20 million Total operating revenues 2 050 1 758 4 055 3 409 7 083 ● M&A cost of NOK 16 million Direct cost of services rendered (1 559) (1 336) (3 072) (2 577) (5 389) ● NOK 7 million re
Slide 19: Solid balance sheet with ample capacity for inorganic growth
Solid balance sheet with ample capacity for inorganic growth Cash of NOK 764 million and leverage of 1.9x adjusted EBITDA impacted QoQ by share buyback and M&A NOK in millions Q2 2026 Q2 2025 Year 2025 Non-current assets higher YoY from acquisitions Non-current assets 7 993 6 814 8 333 ● NOK 1.5 bil
Slide 20: Cash flow from operations of NOK ~190 million
Cash flow from operations of NOK ~190 million Cash position down QoQ impacted by share buyback and M&A offset by cash from operations and EUR 20m RCF draw NOK in millions Q3’25 Q4’25 Q1’26 Q2’26 LTM Q2’26 Adj.EBITDA 195 216 265 272 948 Q2 cash flow from operations of 192 mnok and 732 mnok LTM Intere
Slide 21: Appendix
Q2 2026 Appendix linkmobility.com
Slide 22: Total LINK
Total LINK Growth in fixed currency incl. M&A +22% 2,050 2,139 1,980 2,005 1,758 1,694 320 320 Org.growth ex.M&A Revenue +3% (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fixed curency +21% 492 492 512 461 422 401 83 82 Org.growth ex.M&A 24.5% 24.0% 23.9% Gross Profit 24.0% 23.7% 23.3% +2% (mNOK) Q2’25
Slide 23: Northern Europe
Northern Europe Growth in fixed currency +6% 450 392 403 403 415 375 Org.growth ex.M&A Revenue +6% (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fixed curency +1% 104 110 106 103 104 103 Org.growth ex.M&A 26.6% 27.6% 24.5% 25.8% 25.6% 25.4% Gross Profit +1% (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fi
Slide 24: Central Europe
Central Europe Growth in fixed currency +11% 559 540 573 514 503 518 11 10 Org.growth 530 562 ex.M&A Revenue 9% (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fixed curency +8% 153 155 144 146 141 142 2 2 Org.growth ex.M&A 28.0% 28.1% 27.4% 27.5% 27.1% 27.1% Gross Profit +7% (mNOK) Q2’25 Q3’25 Q4’25 Q1’
Slide 25: Western Europe
Western Europe Growth in fixed currency incl. M&A +9% 491 460 424 410 425 430 31 34 Org.growth ex.M&A Revenue +1% (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fixed curency +3% 119 111 108 110 104 99 5 4 Org.growth ex.M&A 25.5% 24.3% 25.8% 24.1% Gross Profit 24.1% 24.2% -1% (mNOK) Q2’25 Q3’25 Q4’25 Q1
Slide 26: Rest of World (including South Africa) – proforma
Rest of World (including South Africa) – proforma1 -4% 315 287 288 288 280 275 Pro forma growth 288 -4% Revenue 104 (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fixed curency -3% 78 79 82 82 77 76 Pro forma growth Gross Profit 27.3% 27.4% 25.9% 28.3% 27.5% 27.5% -3% 26 (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q
Slide 27: Global Messaging
Global Messaging Growth in fixed currency -3% 430 405 415 376 398 370 Organic growth in fixed currency Revenue -3% (mNOK) Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q2’26 fixed curency -3% 66 64 57 61 52 54 Organic growth in fixed currency Gross Profit 15.4% 14.1% 14.0% 14.7% 15.4% 15.4% -3% (mNOK) Q2’25 Q3’25 Q
Slide 28: Agreements signed & customer accounts
Agreements signed & customer accounts New agreements signed in quarter 1.027 1.055 957 1.011 Solid quarter in terms of agreements signed 806 • 1 055 new agreements signed or up 8% yoy (excl. SMSPortal) • The new agreements consisted of 902 signed direct customer contracts, 30 signed partner framewor
Slide 29: Proforma and inorganic contribution from acquired entities
Proforma and inorganic contribution from acquired entities NOKm Country Company Inorganic contribution Q226 Consolidated from Revenue UK Firetext/SMS Works 30.8 May’25 South Africa SMS Portal 279.7 Dec’25 Italy/Romania KPM Solutions/Web2SMS 10.0 Jun’26 Total revenue - - 320.5 - Gross profit UK Firet
Slide 30: Q2 2026 Q&A
Q2 2026 Q&A linkmobility.com/investors