Trifork Group Ag · OMXCOP:TRIFOR
Trifork — Q1 2026 Earnings Presentation
16 slides from Trifork's earnings presentation, 2026
Slide 1: Trifork Group Q1 2026 Investor Presentation
TRIFORK GROUP Q1 2026 INVESTOR PRESENTATION Jørn Larsen Founder & Group CEO Kristian Wulf-Andersen Group CFO Charmaine Carmichael Group COO
Slide 2: Disclaimer: Important Information
DISCLAIMER IMPORTANT INFORMATION This presentation contains forward-looking statements including, but not limited to, statements and expectations concerning expected or projected earnings, strategies, trends and developments. Forward-looking statements are statements (other than statements of histor
Slide 3: Q1 in summary: 8% adj. organic growth and 27% growth in adj. EBITDA
Q1 2026 RESULTS Q1 in summary: 8% adj. organic growth and 27% growth in adj. EBITDA Significant earnings Continued strong delivery on Further traction with improvement from Products Thoughtful capital allocation product-led transition public customers and cost control - 28% organic revenue growth in
Slide 4: Guidance maintained - we are on track
Q1 2026 RESULTS Guidance maintained - we are on track EURm EURm 16-33% growth 7-11% org. growth 15-17% margin Revenue from acquisitions Adj. EBITDA Organic revenue 2026 Guidance 230-240 35-40 2026 Guidance 221 208 206 33 185 30 30 159 27 25 115 106 18 87 16 64 10 17% 19% 7 CAGR Q1: 56 CAGR Q1: 9 201
Slide 5: Q1 initiatives to capitalize on favorable market trends
Launch the sovereign messaging platform Q1 2026 RESULTS Tiris Vision Pro digital twin collaboration with AI data Launch of new data center near Copenhagen center operator Switch Q1 initiatives Partnership with OVHcloud featured by NVIDIA at GTC to capitalize on favorable market trends Data sovereign
Slide 6: AI touches all the enterprise concerns where Trifork has significant expertise
Q1 2026 RESULTS AI touches all the enterprise concerns where Trifork has significant expertise. As adoption of AI goes up, Trifork benefits. LLMs Software takes Agents no responsibility Security Compliance User adoption Organized data Trifork takes Reliable workflows responsibility Cost management C
Slide 7: Trifork is active in complex and regulated industries where quality cannot be compromised
Q1 2026 RESULTS Trifork is active in complex and regulated industries where quality cannot be compromised Focus industries served by Trifork Digital Health Financial Services Public Aviation Energy Since 1996 Since 2004 Since 2009 Since 2010 Since 2015 Technologies Spatial computing Enterprise mobil
Slide 8: Bolt-on acquisition of VION AI strengthens product offering in aviation
M&A Industry Aviation Bolt-on acquisition of VION AI strengthens product offering in aviation Acquired VION AI GmbH on 30 April VION AI captures and structures real-time data from e.g. aircraft turnaround processes using edge AI To be integrated with Trifork’s iFly4 App Suite and platform Michael Bu
Slide 9: Building an AI-ready foundation at Jyske Bank
Case story Industry Financial Services Building an AI-ready “What stood out was the ability to create real momentum. Together with foundation at Jyske Bank Trifork, we were able to accelerate our AI journey and put solutions into use while building a foundation we can scale going forward.” Trifork p
Slide 10: Continued progress with our transition to becoming a product-led business
Q1 2026 RESULTS Continued progress with our transition to becoming a product-led business Q1 2026 Revenue split Products Services Public Private 31% 69% 45% 55% 50% product target Increase services attached to own products Adj. EBITDA contribution Products Services 46% 54% 10 Adj. EBITDA contributio
Slide 11: Solid underlying financial Group performance in Q1
Q1 2026 RESULTS Solid underlying Q1 Q1 financial Group SOLID UNDERLYING GROWTH IMPROVING PROFIT MARGIN performance in -2% 0% 8% 15.5% Q1, adjusting for Total growth Organic growth Organic growth ex. Adj. EBITDA margin the divestment hardware +3.6 p.p. Y/Y of Trifork Security and the phasing LTM LTM
Slide 12: Strong underlying performance in Products, and robust performance in Services
Q1 2026 RESULTS Strong underlying performance in Products, and robust performance in Services considering our strategic focus to switch some Services engagements to Products Q1 2026 PRODUCTS SERVICES GROUP TOTAL 17.3 38.9 56.1 Revenue Total -10% Y/Y +1% total Y/Y -2% total Y/Y Total +15% ex. hardwar
Slide 13: The Q1 margin in Products of 27% was driven by higher sales of software
Q1 2026 RESULTS The Q1 margin in Products of 27% was driven by higher sales of software licenses and sovereign data solutions, resulting in a rolling 4 quarters margin of 25%; Services was steady Revenue (left axis) Adj. EBITDA margin (right axis) Rolling 4 quarters adj. EBITDA margin (right axis) P
Slide 14: Expecting continued solid financial performance in 2026
Q1 2026 RESULTS Expecting continued solid financial performance in 2026 driven by stringent cost control and increasing demand for our products, especially related to AI and sovereign data 2026 GUIDANCE Group revenue Group adj. EBITDA 230-240 = 7 - 11% 35-40 = 15 - 17% 16 - 33% EURm Organic growth Y
Slide 15: Strategic review of Labs portfolio ongoing
Q1 2026 RESULTS Strategic review of Labs portfolio ongoing; currently in dialogues about structured exit opportunities; details will be communicated if and when appropriate to do so BOOK VALUE OF LABS PORTFOLIO (EURM) NET REALIZED GAINS (EURM) 90 EXIT PROCEEDS, DIVIDENDS & IMPAIRMENTS INCLUDED Inves
Slide 16: Q&A
Q&A Digitalization as a long-term driver Innovation specialists To ask a question: Three decades of growth and profitability 1. Raise your hand by clicking the ‘Raise Hand’ button 2. Your name will be announced Full-circle business model 3. Make sure that you are unmuted 4. You can now ask your ques