Slide 1: Back to growth with acquisitions & a strong Q4
GOFORE PLC Back to growth with acquisitions & a strong Q4 Financial Statements Release 2025 25 February 2026
Slide 2: A strong Q4 to finish an eventful year
Q4 / 2025 A strong Q4 to finish an eventful year Gofore’s Q4 saw structural changes and major acquisition impact both profitability and growth, creating a strong foundation for 2026. PROFITABILITY GROWTH Q1/26 SENTIMENT Much improved with the structural Downturn of organic growth Expecting tailwinds
Slide 3: Q4 profitability best of the year
Q4 /2025 Q4 profitability best of the year Net sales, MEUR • Q4 adjusted EBITA 14.0%, utilisation rate at the highest level 59.6 of the year. (49.8) • Net sales increased by 19.6%, flat organic net sales. • Improved utilisation rate and increased capacity supported Adjusted EBITA, net sales growth.
Slide 4: Full-year recap 2025
FY 2025 Full -year recap 2025 After a difficult H1, corrective measures began to show results, and H2 was about investing in future growth. • A skills structure better aligned with customer needs, cost reductions, and a slightly more active customer demand supported improved profitability in H2. Net
Slide 5: Two different halves
FY 2025 Two different halves H1: Adjust and reset H2: Enable growth • New strategy and organisational redesign. • A skills structure better aligned with customer • Unusual profitability challenges in certain needs, cost reductions, new investments in projects. industries, and a slightly more active
Slide 6: Investing in growth in 2025
GROWTH AND PROFITABILITY Investing in growth in 2025 M&A Net Sales, MEUR 227.9 189.2 186.2 191.4 149.9 104.5 78 64.1 50.6 34 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Jan 26 2018 figures presented as FAS figures, 2019 - presented as IFRS figures. 6
Slide 7: Huld: Largest acquisition to date made Gofore a top Finnish industrial digitalisation expert
M&A Huld: Largest acquisition to date made Gofore a top Finnish industrial digitalisation expert • Entrprise value 54.5 MEUR, ~400 experts. • Strategic investment into defence and niche space (satellite & situational awareness) expertise. • Expanded Gofore’s Security industry from internal and civil
Slide 8: Esentri: Complementary acquisition brings economy of size to DACH operation
M&A Esentri : Complementary acquisition brings economy of size to DACH operation • Enterprise value 10 MEUR, 110 experts. • Strategic investment into the expansion of the DACH operation. • Grew DACH region size, customer portfolio, expertise, and delivery capacity to 200+ experts and ~25 MEUR in net
Slide 9: All-time high customer satisfaction to build on
CUSTOMERS All -time high customer satisfaction to build on Gofore's customers were more satisfied in 2025 than ever before and 97% of customers felt that their service expectations were met or exceeded. Returning customers’ share of net sales was 93%. Net Promoter Score hit all -time high in the fal
Slide 10: Cornerstones of our Strategy
Cornerstones of our Strategy AREAS FOR GROWTH WAYS TO CREATE VALUE Focus on chosen strategic Goforeans 1. industries 1. Building on the mentality praised by our Focusing and growing within the chosen customers and the way of achieving things strategic industries; Digital Society, Defence together su
Slide 11: Gofore's strategic industries and key customer segments
GOFORE’S STRATEGIC INDUSTRIES AND KEY CUSTOMER SEGMENTS Intelligent Defence & Digital Industry Space Society is about merging the physical and promotes a safer future in a turbulent consists of both public and digital in a world where industrial global landscape, where national private sector servic
Slide 12: Financial Highlights
Financial Highlights 12
Slide 13: Year on year net sales analysis
Year on year net sales analysis Factors affecting net sales, ‘000 EUR Net sales increased 2.8% YoY 1 351 191 382 • Customer price change was 1 039 - 133 +0.7% without projects exceeding 2 959 the work estimates that restrained customer price development mainly in January -June. 186 166 • Private sec
Slide 14: H1 vs. H2 FY25 profitability analysis
H1 vs. H2 FY25 profitability analysis Adj. EBITA MEUR Factors affecting profitability, ‘000 EUR H2 adjusted EBITA 10 142 - 43 11.9% profitability significantly higher than H1: 24 -2 030 1 197 11 942 - 787 -1 310 - 93 • Higher utilisation rate and 17 Huld acquisition driving - 07 5.4% higher net sale
Slide 15: Excellent financial KPIs
FY 2025 Excellent financial KPIs EUR million , unless stated otherwise 31 Dec 2025 31 Dec 2024 Strong liquidity and excellent balance sheet Cash and cash equivalents 43.2 56.8 enabling: Interest -bearing net debt 10.0 -36.0 • Cash balance endured significant M&A transactions. Interest -bearing net d
Slide 16: Cashflow analysis
FY 2025 Cashflow analysis 22 036 Gofore investing in growth: • Positive cash flows from operations 56 839 accelerated during H2 2025 due to improved profitability and increase in scale. • Significant investment activities with Huld 495 43 187 acquisition to drive growth beyond 2025; (36 184) net cha
Slide 17: Welcoming a new CFO
Welcoming a new CFO Saara Ukkonen 17
Slide 18: Targets & 2026 Outlook
Targets & 2026 Outlook 18
Slide 19: Long-term financial targets
TARGETING Long -term financial targets Related to Gofore’s updated strategy, in December 2024, the Gofore Board of Directors decided to update the company's financial targets that span over the economic cycle. 500 MEUR 15% 40% of net sales by 2030 Profitability of Dividends minimum Organically outpe
Slide 20: Long-term financial targets
TARGETING Long -term financial targets 500 On track for 500 MEUR net sales target by 2030 500 MEUR 450 of net sales by 2030 400 Organically outperforming market growth. At least half of total 350 growth expected to be organic. 300 250 15% Profitability of adjusted EBITA 200 150 100 40% 18% CAGR Divi
Slide 21: Q1/2026 Performance drivers
2026 Q1/2026 Performance drivers Growth in Q1 is supported by acquisitions and increased capacity. Acquisition -related integration work may weaken profitability drivers. • Capacity brought by the Huld (Q3 2025) and Esentri (2 January 2026) acquisitions is reflected Growth as net sales increase in F
Slide 22: January 2026
2026 January 2026 In January and February, we are carrying out the most intensive phase of the Huld integration, as all Huld employees are operationally joining Gofore’s organisation . • Started in a typically slower manner than other months, as the calendar allowed for an unusually long vacation pe
Slide 23: Our 2026 priorities
2026 Our 2026 priorities With major renewal and two new acquisitions behind us in 2025, we are in good shape for getting back on a growth path , market conditions allowing . 1. Follow -through the integrations and maximize investment value • Operational integration of Huld ongoing, cost synergies re
Slide 24: AI Business Review
AI Business Review Tommi Rasinmäki Head of business, Gofore management consulting Osmo Haapaniemi Managin g director & founder, Valimo Studios 24
Slide 25: Gofore's approach to AI
AI TRANSITION Gofore’s approach to AI Gofore sees artificial intelligence as a business accelerator and as such a great opportunity to grow the consulting business Overall view of AI’s impact on Gofore’s playbook Positioning in the market digital consulting • What’s new? AI technology allows all • U
Slide 26: Investment in a new independent AI consultancy, Valimo Studios
AI Investment in a new independent AI consultancy , Valimo Studios In December 2025, Gofore became a majority shareholder in a new company focused on AI consulting, founded by two experienced digital business professionals. • AI -native Valimo operates independently and strengthens Gofore's role in
Slide 27: AI Beyond Tomorrow - The Gofore model for AI transition
AI Beyond Tomorrow - The Gofore model for AI transition 1. INDIVIDUAL 3. BUSINESS Impactful work and Accelerating new initiatives a new culture and customer value AI TRANSITION ENGINE Leading AI transition — 2. ORGANISATION technology and people 4. DIGITAL DEVELOPMENT Streamlining and automating han
Slide 28: Examples of concrete services within the framework
THE GOFORE MODEL FOR OUR CUSTOMERS’ AI TRANSITION Examples of concrete services within the framework • Vision beyond tomorrow • Value -driven AI portfolio • Product and service management innovations • AI1000 trainings • People -side of change • New business • Workforce upskil ling models • Cultural
Slide 29: Pioneering an ethical digital world.
Pioneering The 2026 IR Calendar is live at an ethical gofore.com/ en/invest/ digital world. investor -calendar/ Get in touch with us at investorrelations@gofore.com