Slide 1: Investors presentation Q2 2025 Revenue H1 2025 Results
Investors presentation Q2 2025 Revenue H1 2025 Results July 28th, 2025
Slide 2: Disclaimer
Disclaimer This document was prepared by Verimatrix and is provided for information No statement in this presentation is intended as a profit forecast or estimate for any purposes only. It is public information only. period. Persons receiving this document may not and should not rely on forward look
Slide 3: Your speakers
Your speakers Amedeo D’Angelo Jean-François Labadie Executive Chairman CFO Copyright © 2025 Verimatrix. All Rights Reserved. 3
Slide 4: Verimatrix, protecting an unprotected digital world
Verimatrix, protecting an unprotected digital world Two strategic business lines ANTI PIRACY THREAT DEFENSE PROTECT VALUABLE CONTENTS PROTECT APPS AND IOT Verimatrix protects valuable revenue streams of media distributors, Verimatrix’s threat defense products and services close the open door in from
Slide 5: Verimatrix at a glance
Verimatrix at a glance 800+ 250 GARTNER Customers in 120 countries Employees, 8 global offices RECOGNIZED In-App Protection, 2019–2024 500M+ 28 153 App clients across devices Years of security innovation Patents granted CYBERSECURITY BREAKTHROUGH AWARDS Automotive, Media, Telecoms, Banks… Copyright
Slide 6: H1 2025 Key highlights
H1 2025 Key highlights HD ANTI PIRACY Verimatrix completed long term relationships with large media operators SwissCom HotWire Communications Telecom Argentina RTL EXTENDED THREAT DEFENSE (XTD) To prevent unauthorized use of company’s fast- growing music editing Verimatrix expanded its customers por
Slide 7: 1. Q2 2025 Revenue
1. Q2 2025 Revenue Significant improvement in activity compared to Q1 2025 (+30.5%)
Slide 8: Q2 2025 Revenue
Q2 2025 Revenue COMMENTS • Consolidated revenue of $15.0 million, down 10% on the same (in US$ million) Q2 2025 Q2 2024 Var. period in 2024 but increase of 30% (+$3.5 million) compared to Recurring revenue 8.7 8.6 +1% the first quarter of 2025 of which subscriptions 4.7 4.4 +8% of which maintenance
Slide 9: Annual Recurring Revenue trend from subscriptions
Annual Recurring Revenue trend from subscriptions Continued growth of ARR is explained by: • ARR from subscriptions in Q2 was stable versus Q1. • End of a contract with a long-standing banking client vs.extension of services and successful conversion of several prospective contracts with video opera
Slide 10: 2. H1 2025 Results
2. H1 2025 Results Stabilization of recurring revenue Significant EBITDA improvment +49% Working Capital Deterioration Goodwill Impairement 10
Slide 11: H1 2025 Revenue
H1 2025 Revenue COMMENTS (in US$ million) H1 2025 H1 2024 Chg. • Revenue for the first half of 2025 was down 14% versus the first half of 2024. Recurring revenue 17.3 17.1 +1% of which subscriptions 9.3 8.6 +9% • Recurring revenue rose by 1% thanks to strong subscription of which maintenance 7.9 8.5
Slide 12: H1 2025 Revenue
H1 2025 Revenue USA & Canada +8% EMEA ANTI PIRACY • Resilient revenue +14% 90% of turnover Revenue reached $23.9 million, down 16% in H1 Business activity was characterized by few successes in winning a major contract fdfdfdfdfdfdfd with a long-standing telecom operator in South America and the exte
Slide 13: H1 2025 Results adjusted
H1 2025 Results adjusted (in US$ million) H1 2025 H1 2024 Chg. COMMENTS Revenue 26.5 30.8 -13.9% Gross profit 17,7 21.5 -17,7% • Gross profit of $17.7 million, i.e. 66.6%. Despite an improvement in its As a % of revenue 66.6% 69.7% production and support costs over the period, the fall in non-recurr
Slide 14: H1 2025 - Cashflows
H1 2025 - Cashflows (In millions of US$) H1 2025 H1 2024 COMMENTS Income / (loss) for the period (65,0) (4,4) Non cash income statement items from continuing activities 6,1 5,5 • The first half of 2025 was marked by a deterioration in cash and cash Impairment loss / goodwill impairment 60,0 - equiva
Slide 15: H1 2025 – Balance sheet
H1 2025 – Balance sheet Assets Liabilities and shareholders’ equity June 30, December 31, June 30, December 31, (in millions of US$) 2025 2024 (in millions of US$) 2025 2024 Capital 42.3 41.5 Goodwill 55.2 115.2 Issue premiums 94.0 94.7 Intangible fixed assets 9.1 10.5 Reserves and retained earnings
Slide 16: 3. 2025 Outlook
3.2025 ouTLooK DRIVING TRUST
Slide 17: 2025 Objectives
2025 Objectives Focus on historic and New strategic Commercial traction in successfull sectors partnerships progress • Helping companies meeting • Partnerships with distributors, • New sales drivers with new partners regulatory standards with our resellers and integrators of and key accounts securit
Slide 18: Verimatrix Next Events
Verimatrix Next Events NEXT EVENTS • Q3 Revenue : October 22nd, 2025 (after market close) FOLLOW VERIMATRIX • https://investors.verimatrix.com/ Copyright © 2025 Verimatrix. All Rights Reserved. 18
Slide 19: Investor Information
INVESTOR INFORMATION Investor relations : finance@verimatrix.com