Link Mobility Group Holding Asa · OSL:LINK
Link Mobility Group Holding Asa — Q3 2026 Earnings Presentation
29 slides from Link Mobility Group Holding Asa's earnings presentation, Nov 4, 2026
Slide 1: Financial presentation Q3 2026
LINK Mobility Group Holding ASA Financial presentation Q3 2026 November 4, 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: Q3 2026: Back to high single-digit organic growth
Q3 2026: Back to high single-digit organic growth Outlook raised for second half, with strong momentum into 2027 KEY HIGHLIGHTS Reported financials Third quarter delivered in the high end of expectations NOKm Organic Q3’25 Currency Q3 26 growth Q3’26 Organic Acquired • Organic gross profit growth i
Slide 4: Another strong quarter for contract wins despite normal summer seasonality
Another strong quarter for contract wins despite normal summer seasonality CPaaS represented close to 50% of contract wins in the quarter Gross profit contribution from new contract wins¹ Key drivers of growth NOKm CPaaS SMS A2P -4% Strong contract wins despite seasonal summer effect 53 50 48 ✓ Stro
Slide 5: RCS rollout begins in the Nordics – potential to replicate French success
RCS rollout begins in the Nordics – potential to replicate and accelerate the French success story The market is ready, customers are ready and LINK is ready WHY NORDICS SHOULD SCALE NORDIC RCS INFLECTION POINT PROVEN RCS-ROLLOUT IN FRANCE FASTER ON RCS ADOPTION RCS volumes France (millions) Tele2 -
Slide 6: AI as a structural tailwind for LINK
AI as a structural tailwind for LINK: Driving volume, Value-Add Solutions & Enterprise Reliance 1 AI creates multiple structural, long-term tailwinds for LINK 2 LINK’s competitive AI offering: Why LINK will benefit Recognized as a Leading Challenger in Conversational AI by Juniper Research (2026) AI
Slide 7: SMSPortal: Domestic business growth offset by decline in international business
SMSPortal: Domestic business growth offset by decline in international business Temporary headwind on international business in Q3’26 SMSPortal at a glance Proforma Financials 1 Strong growth Domestic growth outlook offset by headwind on international Gross Profit (NOKm) Higher international busines
Slide 8: NOK 330–400m planned shareholder distribution for 2026
Planned shareholder distribution for 2026 Maintaining financial flexibility while returning capital to shareholders PLANNED 2026 SHAREHOLDER DISTRIBUTION1 Expected distribution increasing to NOK 330–400m in 2027 NOK million NOK 330–400m 500 400 +10-33% 400 Equivalent to NOK 1.16–1.40 per share2 300
Slide 9: Consistent M&A execution driving scale and market leadership
Consistent M&A execution driving scale and market leadership Seven acquisitions since 2025, comprising six bolt-ons and one level-up acquisition, demonstrate a repeatable M&A playbook LEVEL-UP ACQUISITION 2025 2026 UK UK SOUTH AFRICA ROMANIA ITALY SPAIN SPAIN / LATAM SMS Works FireText SMSPortal Web
Slide 10: 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 High single-digit GP growth Accretive M&A first priority Gross Profit growth H2 2026: Organic gro
Slide 11: Financials
Q3 2026 Financials linkmobility.com 11 Interim Report Q3 2026
Slide 12: Organic revenue growth accelerated to 6%, driven by enterprise growth
Organic revenue growth accelerated to 6%, driven by enterprise growth Reported revenue growth of 19% despite a 7% FX headwind, including NOK 327 million from M&A Reported revenue (NOKm) Organic enterprise revenue growth at 10% and up 4pp QoQ in stable FX +19% ● Improved growth momentum across all en
Slide 13: NRR and churn metrics improved QoQ and within normal range
NRR and churn metrics improved QoQ and within normal range Organic Net Retention Rate has normalized by 14pp yoy supporting improved growth rates Enterprise and Global Messaging churn (%) 3.2 2.9 Churn stabilizing at historical levels 2.2 ● Reflecting the sticky nature of the business 2.2 1.9 2.0 ●
Slide 14: Organic gross profit growth returned to high single digits in Q3
Organic gross profit growth returned to high single digits in Q3 Reported gross profit growth of 21% despite a 6% FX headwind, including NOK 81 million from M&A Reported gross profit development yoy (NOKm) Organic enterprise growth improved 4pp QoQ to 7% NOK 23 million organic enterprise growth supp
Slide 15: Organic growth in adj. EBITDA of 7% supported by gross profit growth
Organic growth in adj. EBITDA of 7% supported by gross profit growth Reported adj. EBITDA growth of 37%, supported by NOK 70 million M&A contribution Reported Adj. EBITDA (NOKm) Organic adj. EBITDA growth of 7% in line with GP growth +37% ● Organic Adj. EBITDA growth of NOK 13 million in fixed curre
Slide 16: Statement of Profit & Loss
Statement of Profit & Loss NOK in millions Q3 2026 Q3 2025 YTD 2026 YTD 2025 Year 2025 Non-recurring items of NOK 18 million Total operating revenues 2 011 1 694 6 066 5 103 7 083 ● M&A cost of NOK 14 million Direct cost of services rendered (1 527) (1 293) (4 599) (3 870) (5 389) ● NOK 7 million re
Slide 17: Solid balance sheet with ample capacity for inorganic growth
Solid balance sheet with ample capacity for inorganic growth Cash of NOK 721 million and leverage of 1.9x adj. EBITDA NOK in millions Q3 2026 Q3 2025 Year 2025 Non-current assets up YoY from M&A offset by currency effects Non-current assets 7 703 6 713 8 333 ● NOK 1.5 billion from M&A add-on Trade a
Slide 18: Cash flow from operations impacted by working capital build
Cash flow from operations impacted by working capital build Working capital build in the quarter expected to normalize in Q4 NOK in millions Q4’25 Q1’26 Q2’26 Q3’26 LTM Q3’26 LTM Q3 cash flow from operations of ∼NOK 600m impacted by WC Adj.EBITDA 216 265 272 268 1 022 ● Working capital build in Q3 i
Slide 19: Appendix
Q3 2026 Appendix linkmobility.com
Slide 20: Total LINK
Total LINK Growth in fixed currency incl. M&A +25% 2,005 2,050 2,011 2,120 1,980 1,694 327 324 Org.growth ex.M&A Revenue +6% (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency +27% 492 492 484 508 461 401 81 80 Org.growth ex.M&A 24.5% 24.0% 24.1% 24.0% Gross Profit 23.7% 23.3% +7% (NOKm) Q3’2
Slide 21: Northern Europe
Northern Europe Growth in fixed currency +7% 450 403 403 387 403 375 Org.growth ex.M&A Revenue +7% (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency +1% 110 105 103 104 103 102 Org.growth ex.M&A 27.6% 24.5% 25.8% 25.6% 26.2% 26.0% Gross Profit +1% (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 f
Slide 22: Central Europe
Central Europe Growth in fixed currency +19% 596 559 540 552 503 518 29 26 Org.growth 525 567 ex.M&A Revenue +13% (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency +10% 153 156 142 146 144 141 3 2 Org.growth ex.M&A 28.1% 27.4% 27.5% 27.1% 26.1% 26.1% Gross Profit +8% (NOKm) Q3’25 Q4’25 Q1’26
Slide 23: Western Europe
Western Europe Growth in fixed currency incl. M&A +9% 491 447 425 430 417 410 3 2 Org.growth ex.M&A Revenue +8% (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency +11% 119 110 110 104 103 99 1 1 Org.growth ex.M&A 24.3% 25.8% 24.7% 24.7% Gross Profit 24.1% 24.2% +11% (NOKm) Q3’25 Q4’25 Q1’26 Q
Slide 24: Rest of the World (including South Africa) – proforma
Rest of the World (including South Africa) – proforma1 +2% 315 298 288 288 280 292 Pro forma growth +2% Revenue 104 (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency -3% 79 82 82 78 77 77 Pro forma growth Gross Profit 27.4% 25.9% 28.3% 27.5% 26.1% 26.2% -3% 26 (NOKm) Q3’25 Q4’25 Q1’26 Q2’26
Slide 25: Global Messaging
Global Messaging Growth in fixed currency -6% 405 398 376 370 381 357 Organic growth in fixed currency Revenue -6% (NOKm) Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency +6% 61 61 57 54 57 52 Organic growth in fixed currency Gross Profit 14.1% 14.0% 14.7% 15.4% 16.1% 15.9% +6% (NOKm) Q3’25 Q4’25
Slide 26: Agreements signed & customer accounts
Agreements signed & customer accounts New agreements signed in quarter 1,027 1,055 YoY growth in numbers of agreements signed 1,011 900 806 • 900 new agreements signed (excl. SMSPortal) • 780 signed direct customer contracts • 33 signed partner framework agreements • 87 new partner customers Q3 25 Q
Slide 27: CPaaS gross profit more than doubled since 2023
CPaaS gross profit more than doubled since 2023 CPaaS gross profit (NOKm)1 152 35% 126 84 CAGR 65 2023 2024 2025 Q3’26 LTM 1Reflects CPaaS transaction gross profit only, excluding licenses 27 Interim Report Q3 2026
Slide 28: Proforma and inorganic contribution from acquired entities
Proforma and inorganic contribution from acquired entities NOKm Country Company Inorganic contribution Q326 Consolidated from Revenue South Africa SMS Portal 298.3 Dec’25 Italy/Romania KPM Solutions/Web2SMS 26.3 Jun’26 Spain Interactive 2.3 Sep’26 Total revenue - - 326.9 - Gross profit South Africa
Slide 29: Q3 2026 Q&A
Q3 2026 Q&A linkmobility.com/investors
LINK Mobility Group Holding — Q3 2026 Earnings Presentation on 6ix