Slide 1: FY 2025 Results
FY 2025 Results 26th February 2026
Slide 2: Presenter and Agenda
Presenter and Agenda 1 FY 2025 Financial Review and Highlights 2 Q&A Indiresh Vivekananda CFO Tecnotree Investor Presentation Q4 2024 FY 2025 All Figures in Million Euros (ME)
Slide 3: Results against Guidance 2025
Results against Guidance 2025 Guidance revised on 27 th Jan 2026 Guidance for 2025 is a continuation of our strategy to drive higher returns and more FCF (free cashflow) for our shareholders Revenues EBIT Margin Free Cashflow 2025 Constant Currency 2025 Margin expansion Between € 4.5 Mn Mid to high
Slide 4: 5-year Financial Performance
5-year Financial Performance Revenue Trend EBIT Trend 100.0 30.0 78.4 25.6 80.0 71.6 71.6 72.4 25.0 23.7 23.8 23.8 64.2 18.7 18.3 60.0 52.8 20.0 15.0 40.0 10.0 20.0 6.5% 5.0 6.5% 0.0 CAGR 0.0 CAGR 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 FCF Trend Order Book Growth 120.0 107.5 Sev
Slide 5: FY 2025 Summary Financial Performance
FY 2025 – Summary Financial Performance MEUR 2025 2024 2023 • Net sales: +1% increase on a reported basis, in constant Net sales 72.4 71.6 78.4 currency there is an increase of +8% to € 77.4 Mn Change YoY% +1% -9% +9% EBIT 25.6 23.8 23.8 • Operating margin 35% (33%), increase in line with guidance C
Slide 6: Q4 2025 Summary Financial Performance
Q4 2025 – Summary Financial Performance MEUR Q4/25 Q4/24 Q4/23 Net sales 19.5 17.6 22.2 • Net sales: +11% increase on a reported basis, in Change YoY% 11% -21% 10% constant currency there is an increase of +18%. EBIT 12.4 10.9 7.9 • Operating margin 64% (62%) Change YoY% 13% 38% 28% Financial items
Slide 7: Diversified revenue mix with stable growth and ARR to 46% of Group Revs
Diversified revenue mix with stable growth and ARR to 46% of Group Revs Customer profile Business view +7 +11 +8 +6 +4 +7 ARR/Rev 47% 44% 46% 37% 35% 37% 2020 2021 2022 2023 2024 2025 Legacy Customers (Claro & MTN) New Customers ❑ 43 new customers added since 2020 – potential opportunities for cross-s
Slide 8: FY 25 Revenue Highlights
FY 25 – Revenue Highlights 2025 Guidance: Mid to high - single digit % growth in constant currency FY 2025 vs 2024 Revenue by Region FY 25 Update 54.8 54.7 • FY 25 € 72.4 Mn (+1.2% YoY) ; € 77.4 Mn in constant currency (+8.2% YoY) 16.7 17.7 • Q4 € 19.5 Mn (+11.1% YoY) ; € 20.8 Mn in constant currenc
Slide 9: FY 25 Operating Profit Highlights
FY 25 – Operating Profit Highlights • 2025 Guidance: EBIT margin expansion between +200bp to +220bp • Capex to Sales at around 12% EBIT Margin Evolution 2025 FY 25 Update FY 2025 FY 2025 FY 2024 (CC) • Operating result of € 25.6 Mn (€ 23.8 Mn) +7.5% YoY 25.7 25.6 23.8 EBIT • Operating margin of 35.3
Slide 10: FY 25 Ongoing effort to reduce DSO days
FY 25 – Ongoing effort to reduce DSO days FY 2025: Total AR 32.2 MEUR (out of which 2.8 MEUR is provided for) DSO Days >1 year 210 202 Not due 176 175 31% 160 160 34% 156 153 145 155 154 146 270-365 days Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 16% <90 days 16% 90-270
Slide 11: 2025 Currency Risk
2025 Currency Risk Guidance: Reduce exposure to frontier country FX risk to 10-15% by 2027 USD/EUR Trend 2025 FY 25 Update • Significant FX impact of weaking dollar against Euro in FY 2025 • In 2025, we reduced our frontier country FX exposure to 17%, a 10 percentage points reduction from previous y
Slide 12: FY 2025 Balance Sheet
FY 2025 Balance Sheet Consolidated balance sheet, MEUR 31.12.2025 31.12.2024 Non-current assets • Moderate growth in intangible assets - changed PD Intangible assets 49.4 43.1 activation/depreciation ratio and India Lease Asset Tangible assets 0.0 0.1 recognition as per IFRS Deferred tax assets 0.0
Slide 13: FY 2025 Takeaways
FY 2025 Takeaways • Healthy financial performance – guidance on target, despite significant impact of dollar devaluation during the year • Positive free cash flow for every quarter of the year, for consecutive 7 quarters • Order book at all time high Tecnotree Investor Tecnotree Board Presentation P
Slide 14: 2026 Guidance
2026 Guidance Guidance for 2026 is a continuation of our strategy to drive higher returns and more FCF (free cashflow) for our shareholders Revenues Free Cashflow Constant Currency Low to Mid single > € 5 Mn digit % growth Free Cash Flow guidance for 2026: Based on the company’s current market outlo
Slide 15: Q&A Session
Q&A Session Tecnotree Investor Tecnotree Board Presentation Presentation Q1Q4 FY 2024 2025 2025 All All Figures Figures in in Million (ME) Euros (ME) Million Euros
Slide 16: Thank You
Thank You Empowering Digitally Connected Communities to over 90+ Telecom Providers around the world, since 1978