Slide 1: Q4 2025 Presentation
Q4 2025 Presentation February 10, 2026
Slide 2: Highlights – Q4 2025
Highlights – Q4 2025 Gross sales of NOK 17.8 billion EBIT before restructuring of NOK 488 million Up 7.8% from last year Up 23.7% from last year Net profit of NOK 333 million Operating cash flow of NOK 2.0 billion Up 35.7% from last year
Slide 3: Income statement – Q4 2025
Income statement – Q4 2025 • Strong profit growth in Q4 2025 • Driven by higher sales, increased gross margins, and relatively low growth in operating expenses CURRENCY: MNOK Q4 2025 Q4 2024 Growth FY 2025 FY 2024 Growth Hardware 8,103 7,684 5.4% 25,974 23,817 9.1% Software/Cloud 6,627 5,969 11.0% 2
Slide 4: Business unit performance – Q4 2025
Business unit performance – Q4 2025 • Strong sales and profit performance across nearly all geographies % Gross sales EBIT (adjusted)** Currency: Local in million Gross sales Q4 2025 Q4 2025 Q4 2024 Growth% Q4 2025 Q4 2024 Growth% Norway, NOK 26 % 4,567 4,211 8.5 % 156 139 12.4 % Sweden, SEK 41 % 6,
Slide 5: Cash flow from operations – Q4 2025
Cash flow from operations – Q4 2025 • Cash flow from operations of NOK 2.0 billion • High cash inflow driven by increased profit and seasonal reduction in working capital 2,500 2,000 1,500 1,000 NOK in million 2022 500 2023 2024 0 2025 -500 -1,000 -1,500 Q1 Q2 Q3 Q4
Slide 6: Net financial position
CURRENCY: MNOK 31 Dec 2025 31 Dec 2024 Interest-bearing liabilities -619 -622 Net Cash and cash equivalents 1,594 2,004 financial Net financial position* 975 1,382 position EBITDA - rolling 4 Q* 2,156 1,898 Net cash balance of Net debt / EBITDA, end of quarter (ratio) -0.5 -0.7 NOK 975 million Loan
Slide 7: Summary – FY 2025
Summary – FY 2025 Gross sales of NOK 60.2 billion Revenue (IFRS) of NOK 37.4 billion Up 11.7% from last year Up 8.1% y-o-y EBIT before restructuring of NOK 1,385 million Net profit of NOK 878 million Up 15.4% y-o-y Up 14.4% y-o-y
Slide 8: Steady growth based on unique market position
Steady growth based on unique market position • Consistent growth in sales and EBIT during a volatile market period Gross Sales and EBIT* (MNOK) 70,000 1,400 60,000 1,200 5- year performance (2020 – 2025) 50,000 1,000 • Gross sales CAGR of 9%, 40,000 800 nearly all organic 30,000 600 • Revenue (IFRS
Slide 9: New customer agreements (2025)
New customer agreements (2025) Atea awarded landmark contract by the NATO Other large new customer contracts Communication and Information Agency SKI 50.07 Networking (Denmark) Atea to deliver and manage the entire lifecycle of workplace devices “as-a-service” for end users across SKI 50.43 Tablets
Slide 10: Partial sale of AppXite SiA
Partial sale of AppXite SiA Atea to sell 51% of shares in its Latvian subsidiary AppXite SiA to the UK-based Aries Global for a price of up to EUR 10.7 million, with closing in Q1 2026 • AppXite provides a platform for the distribution and resale of subscription-based software and IT services • The
Slide 11: Developing our internal capabilities (2025)
Developing our internal capabilities (2025) Sales growth NOK 6.5 billion - with fewer FTEs Finland returning to growth – maintained capacity through difficult market period Atea Denmark new structure and Managing Director in Nicolai Moresco Built a specialist sales team for the defense sector across
Slide 12: Business Outlook
Business Outlook Atea expects continued year-over-year growth in sales and EBIT during 2026 • Strong underlying customer demand but the short-term impact of supply constraints is difficult to forecast • Order backlog at the end of 2025 is much higher than last year Supply of components will be an in
Slide 13: Dividend
8.00 7.50 7.00 7.00 Dividend 7.00 6.25 6.00 5.50 The Board will propose a 5.00 5.00 dividend of NOK 7.50 per share at the 2026 AGM 4.00 3.00 Corresponds to 95% of 2025 EPS 2.00 1.00 0.00 2021 2022 2023 2024 2025 2026 Dividend per share (NOK)* * For Norwegian tax purposes, the dividend shall be consi
Slide 14: We build the future with IT.
We build the future with IT.
Slide 15: Q4 2025 Presentation – Fact pack
Q4 2025 Presentation Fact pack February 10, 2026
Slide 16: Highlights – Group
Highlights – Group Q4 Q4 Full year Full year NOK in million 2025 2024* 2025 2024* Gross sales 17,827 16,533 60,167 53,857 Revenue 11,252 10,609 37,376 34,578 Gross profit 3,087 2,833 11,059 10,387 EBIT 480 356 1,377 1,161 EBIT margin (%) 4.3% 3.4% 3.7% 3.4% Net profit 333 245 878 767 Earnings per sh
Slide 17: Consolidated statement of financial position – Group
Consolidated statement of financial position – Group NOK in million 31 Dec 2025 31 Dec 2024* ASSETS Property, plant and equipment 563 498 Right-of-use assets 1,396 1,448 Deferred tax assets 126 170 Goodwill 4,526 4,465 Other intangible assets 753 712 Other long-term receivables 174 168 Non-current a
Slide 18: Full-time employees – Group
Full-time employees – Group FTEs, end of period 31 Dec 2025 31 Dec 2024 Norway 1,791 1,775 Sweden 2,646 2,623 Denmark 1,481 1,432 Finland 578 546 Baltics 779 739 Logistics 306 290 Atea Global Services 514 520 Atea ASA 10 9 AppXite 60 55 Atea Group 8,165 7,989
Slide 19: Financial performance actual – Segment
Financial performance actual – Segment NOK in million Q1 24 Q2 24 Q3 24 Q4 24* Q1 25 Q2 25 Q3 25 Q4 25 Norway 1,900.1 2,114.2 1,968.0 2,817.8 2,100.2 2,133.3 2,215.7 2,947.2 Sweden 2,909.4 3,100.2 3,033.4 3,713.0 3,217.3 3,535.3 3,267.7 4,230.8 Denmark 1,615.9 1,813.9 1,716.5 2,712.8 1,999.5 2,048.4
Slide 20: Financial performance pro forma – Segment
Financial performance pro forma – Segment NOK in million Q1 24 Q2 24 Q3 24 Q4 24* Q1 25 Q2 25 Q3 25 Q4 25 Norway 1,900.1 2,114.2 1,968.0 2,817.8 2,100.2 2,133.3 2,215.7 2,947.2 Sweden 2,909.4 3,100.2 3,033.4 3,713.0 3,217.3 3,535.3 3,267.7 4,230.8 Denmark 1,615.9 1,813.9 1,716.5 2,712.8 1,999.5 2,04
Slide 21: Income statement actual – Group (NOK million)
Income statement actual – Group (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24* Q1 25 Q2 25 Q3 25 Q4 25 Hardware 4,950.1 5,627.0 5,555.9 7,684.4 5,752.8 6,245.5 5,873.4 8,102.7 Software/Cloud 4,010.4 6,416.5 3,413.6 5,969.1 4,869.7 7,672.5 3,996.3 6,626.6 Product sales 8,960.5 12,043.5 8,969.5
Slide 22: Income statement pro forma – Group (NOK million)
Income statement pro forma – Group (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24* Q1 25 Q2 25 Q3 25 Q4 25 Hardware 4,950.1 5,627.0 5,555.9 7,684.4 5,752.8 6,245.5 5,873.4 8,102.7 Software/Cloud 4,010.4 6,416.5 3,413.6 5,969.1 4,869.7 7,672.5 3,996.3 6,626.6 Product sales 8,960.5 12,043.5 8,96
Slide 23: Income statement actual – Norway (NOK million)
Income statement actual – Norway (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 2,176.0 2,504.0 2,188.9 3,513.9 2,427.0 2,538.2 2,442.4 3,831.4 Services sales 616.8 682.6 591.1 697.1 689.9 694.4 650.4 736.0 Gross sales 2,792.7 3,186.6 2,780.0 4,211.0 3,116
Slide 24: Income statement actual – Sweden (SEK million)
Income statement actual – Sweden (SEK million) SEK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 3,912.0 5,071.1 3,446.0 5,483.0 4,540.8 5,580.4 3,693.8 5,759.3 Services sales 903.6 960.8 787.3 1,054.7 957.2 1,016.1 867.2 1,118.1 Gross sales 4,815.6 6,031.9 4,233.3 6,537.7
Slide 25: Income statement actual – Sweden (NOK million)
Income statement actual – Sweden (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 3,956.8 5,079.3 3,542.5 5,602.9 4,704.9 5,941.3 3,918.7 6,189.7 Services sales 915.2 963.1 810.0 1,078.8 993.9 1,083.0 920.0 1,199.7 Gross sales 4,872.0 6,042.4 4,352.5 6,681.7
Slide 26: Income statement actual – Denmark (DKK million)
Income statement actual – Denmark (DKK million) DKK in million Q1 24 Q2 24 Q3 24 Q4 24* Q1 25 Q2 25 Q3 25 Q4 25 Product sales 1,090.9 1,929.8 1,173.7 2,011.0 1,439.1 2,521.3 1,398.3 1,888.0 Services sales 408.6 450.7 381.8 481.8 416.0 505.0 370.2 506.0 Gross sales 1,499.4 2,380.5 1,555.5 2,492.8 1,8
Slide 27: Income statement actual – Denmark (NOK million)
Income statement actual – Denmark (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24* Q1 25 Q2 25 Q3 25 Q4 25 Product sales 1,668.9 2,999.5 1,850.5 3,168.5 2,247.6 3,949.1 2,211.0 2,972.6 Services sales 625.7 698.2 602.1 759.2 649.1 789.0 584.3 796.1 Gross sales 2,294.6 3,697.7 2,452.6 3,927.8 2,8
Slide 28: Income statement actual – Finland (EUR million)
Income statement actual – Finland (EUR million) EUR in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 78.9 99.7 92.2 86.5 81.6 93.4 83.1 97.3 Services sales 13.5 14.2 13.7 15.1 14.6 13.6 12.7 15.4 Gross sales 92.5 113.8 105.9 101.6 96.2 107.0 95.8 112.7 Product margin (%) 11.8
Slide 29: Income statement actual – Finland (NOK million)
Income statement actual – Finland (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 902.1 1,151.0 1,083.5 1,016.3 950.2 1,088.5 980.6 1,144.7 Services sales 154.6 163.8 161.7 177.5 169.9 158.7 150.1 181.5 Gross sales 1,056.7 1,314.8 1,245.3 1,193.8 1,120.1 1,
Slide 30: Income statement actual – Baltic (EUR million)
Income statement actual – Baltic (EUR million) EUR in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 25.5 28.9 28.3 32.0 29.1 36.2 31.6 57.6 Services sales 13.9 13.8 13.9 17.3 15.6 15.1 14.6 19.2 Gross sales 39.3 42.7 42.1 49.3 44.7 51.3 46.2 76.8 Product margin (%) 11.2% 13.2
Slide 31: Income statement actual – Baltic (NOK million)
Income statement actual – Baltic (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 290.6 332.6 332.7 375.8 339.8 421.3 372.3 678.7 Services sales 158.4 159.9 163.3 203.8 181.9 176.4 172.0 226.0 Gross sales 449.0 492.5 496.1 579.6 521.7 597.7 544.3 904.7 Produ
Slide 32: Income statement actual – Group Shared Services (MNOK)
Income statement actual – Group Shared Services* (MNOK) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Product sales 1,640.4 1,985.9 2,237.9 3,141.0 2,230.6 2,595.5 2,642.6 3,437.0 Services sales 296.2 307.8 339.9 350.1 322.7 339.6 346.7 363.8 Gross sales 1,936.6 2,293.6 2,577.8 3,49