Slide 1: Q2 and H1 Results 2025
Cyviz August 21st, 2025 Q2 and H1 Results 2025
Slide 2: Agenda and Presenters
Agenda and Presenters Q2’25 in brief Performance 2020 – 2025 Business Highlights Espen Gylvik | CEO Q2 and H1 Financials Strategic Recap Outlook Karl Peter Gombrii | CFO Q&A 2
Slide 3: Q2 impacted by timing – record order intake achieved post quarter-end
Q2 impacted by timing – record order intake achieved post quarter-end Q2-25 in brief Revenue of NOK 129 million in Gross profit of NOK 69 million EBITDA of NOK -2.6 million in Order intake of NOK 123 million Q2, down 10 million compared (53% margin), equivalent to last year. Q2, down NOK 4.8 million
Slide 4: Trend 2020-2025
Trend 2020-2025 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 676 ORDER INTAKE (MNOK) Q3-24 Q4-24 -10% Q1-25 Q2-25 609 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Cyviz Group Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 GROSS PROFIT (MNOK) Q2-24 ROLLING 12-MONT
Slide 5: YTD Bookings AUG 20th
YTD Bookings AUG 20th • YTD bookings per reporting date “all-time-high” • Backlog stands well above NOK 400 million ORDER INTAKE YTD BACKLOG ORDER INTAKE BY BRAND YTD (NOK million) (NOK million) US Gov defense contractor Selection of the 73 brands booked YTD Undisclosed EU defense agencies Q2 AUG 20
Slide 6: Positive gross margin trend
Positive gross margin trend • Long-term drift driven by larger projects with repeat accounts, and ARR • Gross profit fluctuates due to product mix and timing effects impacting quarterly performance • Gross margin in 2024 and H1-2025 is above average trend over time – reversal in H2 2025 anticipated
Slide 7: Business Highlights
en Business Highlights
Slide 8: Business Highlights Q2
Aker BP, multiple Key Defense Deal, SOC upgrade, Saudi ME Investment fund orders, 3m+ USD 1.3m USD Cyviz has been entrusted by Based on successful Business Cyviz remains Aker BP’s Cyviz has won the a prestigious government collaboration in ME and chosen technology partner opportunity to deliver a en
Slide 9: Q2 Financials
SNK Q2 Financials
Slide 10: Q2 Financial highlights
(all figures in NOK million) -7.1% Revenues Q2 Financial 189 168 160 160 139 136 129 • NOK 129 million in Q2 revenue (-7%) 120 107 • Rolling 12-months trend at NOK 614 highlights million versus NOK 534 million in Q2 2024 (+15%) REVENUES Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 -0.3 Gros
Slide 11: Half-year results 2025
(all figures in NOK million) +8% 297 Revenues Half-year 246 265 189 • 8 % increase from H1’24 driven by high-margin, lower revenue items results 2025 shipped in Q1 last year. REVENUES H1-22 H1-23 H1-24 H1-25 +1% 144 141 142 Gross profit • 54.2 % gross margin for first half vs 84 57.3% in 2024, gross
Slide 12: Operating cash flow
Operating cash flow Q2 Operating 7.9 3.6 Key drivers Q2 cash flow • Pre-tax loss driven by EBITDA result of NOK -2.6 million and NOK 7.3 million FX loss (disagio) -1.5 3.5 • Improved collection and associated decrease in AR with impact of +15 million -5.6 -15.9 15.2 Key drivers H1’25 Profit/loss ∆ A
Slide 13: Half-Year Strategic Recap
Half-Year Strategic Recap Presentation Title 13
Slide 14: What we do – and will do more of
What we do – and will do more of The “Turn-Key” Business GM share 2024 Ready for use, advanced audio-visual collaboration solutions: GM share 2030 “The brain” is Cyviz’ in-house developed hardware and Software software technology; the core competitive advantage 45% Cyviz designs solutions around th
Slide 15: What’s unique?
What’s unique? CYVIZ - COTS (Commercial off-the-shelf) Cyviz solutions enable Aker BP to operate their offshore installations in the North Sea remotely. ▪ Standardized solutions in business-critical environments ▪ Own SW & HW enabler of a configurable solution ▪ High-speed delivery, flexible solutio
Slide 16: Growth priorities
Growth priorites Contribution margin by business line How to Get There Turn-key Projects Continue to delight existing and new customers with CCT our turn-key solution. Software Management Platform Engaging partners on Cyviz Core Technology and Software Management Platform. Disrupt and transform the
Slide 17: Partner Status
Partner Status Selected partner logos: Cyviz Core Technology (CCT) ▪ 11 partners signed (FY 2025 target: 6) ▪ Three tailored partner packages launched (Small, Medium & Large solutions) ▪ Actively building pipeline Software Management Platform (M&M) SW Partner distribution: ▪ 24 partners signed (FY 2
Slide 18: Outlook
SNK Outlook
Slide 19: Profitable growth driven by growing core business, new products and services, and cost optimization
Outlook Profitable growth driven by growing core business, new products and services, and cost optimization ly Profitable growth & cash management 1 Continues focus on profitability through cost optimization, new services, and continued revenue growth. Putting new tighter processes in place for coll
Slide 20: Q&A
Q&A Q&A