Slide 1: Disclaimer
Disclaimer The presentation (the “Presentation”) has been produced by Xplora Technologies AS (the “Company”) for information purposes only and does not in itself constitute, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities of the Company in any jur
Slide 2: April 1 – June 30
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Slide 3: Q2 Reporting
Q2 Reporting Intro & Highlights – CEO, Sten Kirkbak Financials – CFO, Knut Stålen Children & Youth – BUD, Gro Dyrnes Senior - BUD, Tommy Krznarić emporia – CCO, Kjetil Fennefoss Road Ahead and Outlook – CEO, Sten Kirkbak
Slide 4: H1 2026 at a Glance
H1 2026 at a Glance Group Revenues NOK 798m 0% y/y Recurring Services Gross Profit Subscriptions NOK 182m NOK 433m 502K (+108k) +13% y/y + 3% y/y +27% y/y EBITDA EBITDA after CAPEX Cash Balance Reported NOK 76m +11% y/y NOK 56m NOK 537m Underlying NOK 89m* +50% y/y *Underlying EBITDA excluding one-o
Slide 5: Delivering on Our KPIs for the First Half of 2026
Delivering on Our KPIs for the First Half of 2026 KPI Developments in the first half 2026 Gross Profit NOK 433m, +3% 502k end-June, +108k or 27% Subscriptions Service revenue NOK 182m, +13% and ARR ARR NOK 359m, +10% EBITDA NOK 56m, + NOK 19m after CAPEX
Slide 6: Tools for Profitable Growth
1. We seek profitable growth in our connected device base 1m + 500k + 300k Improved retail Expanded Optimised product model Geographical portfolio Tools for Incentivising retailers to bundle subscriptions with devices footprint Cross-sales + new MVNO markets New products and categories to support gr
Slide 7: Subscription Growth & Senior Service Rollout
On track for 1 Million Clear target for Senior subscriptions subscriptions Children & Youth subscription At reasonable attach rates on base + 108k y/y to device sales during 2029 2. 502k 200k Subscription Growth & Senior Pilot in retail and online SIM attach Subscription-led growth protecting margin
Slide 8: Scalable Incentive Model in Retail
Scalable Incentive Model in Retail Successful Pilot in Power Hamar with confirmed further rollout Xplora Point of Sales Solution
Slide 9: EBITDA after CAPEX & Synergies
Delivering planned Cost synergies will organisational synergies positively impact EBITDA Completed redundancy M&A increasingly accretive, with 3. synergies reducing costs 25 FTE 50m EBITDA after CAPEX & emporia 5G reduces cost and time to market Staged synergy realisation Full effect to be realized
Slide 10: Financial Update
Knut Stålen CFO Financial Update MOKSWA Presentation Template
Slide 11: Q2 Financial Summary
Q2 Financial Summary Reported Figures NOK million Q2 2026 Q2 2025 % Change H1 2026 H1 2025 % Change FY 2025 Subscriptions (k) 502 394 27% 476 Revenue 422 463 (9%) 798 802 - 1,918 Device revenue 332 381 (13%) 617 640 (4%) 1,575 Service revenue 90 82 10% 182 161 13% 342 Gross Profit 228 231 (1%) 433 4
Slide 12: Q2 Financial Summary – One-offs
Q2 Financial Summary – One-offs Underlying performance NOK million Q2 2026 Q2 2025 H1 2026 H1 2025 FY 2025 EBITDA reported 49 51 76 69 241 Transaction costs Doro acquisition - 2 - 13 13 Doro IVS provision - 7 - 7 7 Management change senior segment - - - - 5 Transaction costs emporia acquisition 3 -
Slide 13: Q2 Financial Summary
Q2 Financial Summary Reported Figures NOK million Q2 2026 Q2 2025 % Change H1 2026 H1 2025 % Change FY 2025 Subscriptions (k) 502 394 27% 476 Revenue 422 463 (9%) 798 802 - 1,918 Device revenue 332 381 (13%) 617 640 (4%) 1,575 Service revenue 90 82 10% 182 161 13% 342 Gross Profit 228 231 (1%) 433 4
Slide 14: Group Key Figures Q2
Group Key Figures Q2 26 Group revenue Gross profit EBITDA NOK 422m NOK 228m NOK 49m - NOK 40m y/y - NOK 3m y/y - NOK 2m y/y 350 60% 120 700 54% 50% 600 300 50% 100 500 463 250 231 228 40% 80 422 400 200 30% 60 300 150 31 51 51 51 4948 20% 40 200 100 50 10% 20 100 0 0 0% 0 Q2 25 Q3 25 Q4 25 Q1 26 Q2
Slide 15: Segment - Children & Youth
Segment - Children & Youth Key Figures Q2 26 Revenue Service revenue Gross profit NOK 226m ARR NOK 359m NOK 130m + NOK 11m y/y + NOK 33m y/y + NOK 13m y/y 300 450 100% 140 100% 130 400 90% 90% 250 120 116 216 226 80% 350 80% 70% 100 70% 200 300 57% 60% 54% 60% 250 80 150 50% 50% 200 60 40% 40% 100 1
Slide 16: Segment - Senior
Segment - Senior Key Figures Q2 26 Revenue Service Gross profit NOK 198m NOK 99m - 20% y/y revenue - NOK 16m y/y 400 During Q2 26, Doro connect was launched on the 200 100% 350 webshops in Denmark and Germany, thus 180 90% completing MVNO setups and webshop rollouts 160 80% 300 247 across core marke
Slide 17: Profit & Loss
Profit & Loss Q2 26 NOK million Q2 26 Q2 25 FY 25 Revenue 422 463 1,918 • Profit before tax improved to NOK 8m from a loss of Cost of goods sold and services provided (194) (232) (921) NOK 23m in Q2 25 Gross Profit 228 231 997 • D&A NOK 17m up from NOK 13m in Q2 25 Employee expenses (80) (74) (296)
Slide 18: Improving Operational Leverage
Improving Operational Leverage Q2 26 Operating Expenses (NOKm) • Total operating costs of NOK 180m in Q2 26 225 60% • Compared to NOK 180m in Q2 25 200 180 180 50% • Q2 26 includes NOK 9m one-off provision for redundancy costs and NOK 3m 175 transaction costs relating to the acquisition of emporia 1
Slide 19: Balance Sheet
NOK million Q2 26 Q1 26 Q4 25 Balance Sheet Intangible assets Property, plant and equipment 778 10 786 6 833 3 Right-of-use assets 25 28 17 Q2 26 Financial instrument measured at fair value 52 52 55 Deferred tax asset 26 26 26 Other non-current assets 40 6 6 • Assets increased to NOK 2,104m from NOK
Slide 20: Cash Flow
Cash Flow Q2 26 Cash Flow (NOKm) • Positive profit before tax NOK 8m 700 • Working capital increase of NOK 18m, netted 600 534 8 17 24 2 - 22 68 537 - 11 against the currency effect of the acquisition 500 - 33 - 14 -2 - 30 loan on profit before tax 400 • Capex of NOK 11m from investments in 300 inta
Slide 21: Children & Youth
Gro Dyrnes BUD Children & Youth MOKSWA Presentation Template
Slide 22: Unit Sales Children & Youth
Unit Sales Children & Youth Unit Sales (k) H1 26: 171k, +11% y/y 180 • Nordics + 6% y/y 160 • Rest of Europe + 12% y/y • Early indications on opportunities in cross sales 140 128k 127k 120 117k Q2 26: 127k, -1% y/y 100 • Watches: -6% to 121k units sold 80 • Sell-out up 3% y/y • Phones: 6k units sold
Slide 23: Rising Service Attachment Rates and Sell-out
Rising Service Attachment Rates and Sell-out Watch Activations (k) and Attach Rate (%) Watch activations 200 45% • First time usage by new consumer is the best measure for sell- 180 out 37% 38% 40% 160 16 • Total activations: 127k, +3% y/y 33% 18 35% • Xplora web shop 140 30% • Amazon 14 120 14 15 1
Slide 24: Over Halfway to One Million Subscriptions
Over Halfway to One Million Subscriptions Total Subscription Base 502k, +108k y/y (+27%) Mobile subscriptions: 310k • +39k y/y (+15%) 550 +27% • 114k outside of Nordics, +33k y/y, (+41%) 500 450 Premium – activity platform: 138k 400 • Value added service • Bundled with mobile subscription or sold in
Slide 25: Service Revenue Growth Increasingly Beyond Nordics
Service Revenue Growth Increasingly Beyond Nordics Service Revenue and Distribution (NOKm) • Service revenue +10% y/y to NOK 90m in Q2 26 100 90 90 • ARR (Annual Recurring Revenue): NOK 359m 80 70 • Growth is increasingly diversified across markets: 60 • Service revenue outside the Nordics: Q2 26: 2
Slide 26: Service Revenue Reflects Different Market Profiles
Service Revenue Reflects Different Market Profiles ARPU on Mobile Subscriptions Including Premium by Region Margin reflects the weighted mix of markets with different value drivers 140 • Group service margin target: +80% 120 • Target based on expected long-term market mix, competition, and possibili
Slide 27: Good Momentum Entering into H2
Good Momentum Entering into H2
Slide 28: Senior
Tommy Krznarić BUD Senior MOKSWA Presentation Template
Slide 29: Continuing to Trend on One Million Annual Devices
Continuing to Trend on One Million Annual Devices LTM Device Revenue (NOKm) Senior device revenue NOK 198m in Q2 26, down 20% y/y • H1 26: NOK 443m, down 7% y/y from H1 25 • Sunset H1 26 status: Nordics End phase, FRABEL On-going, Rest of Europe 2G still available in UK and DE. 3G closed. Nordics FR
Slide 30: Unit Sales Senior
Unit Sales Senior Units Sales (k), Connectable Units H1 26: 566k, -4% y/y 400 • High comparables in H1 25 due to transition from 2G/3G to 21 4G 350 • 2025 was exceptional at 1.3m units – volumes expected to 16 291k 17 300 31 normalise toward the ~1m historical run rate 272k 15 27 16 15 241k • ASP an
Slide 31: Our Purpose: Building Safer Healthier Digital Lives for All Generations
We have successfully completed the technical pilot Our Purpose: Building Safer Healthier Digital Lives for All Generations
Slide 32: Doro Connect First Retail Launch
Doro Connect First Retail Launch From Pilot to Scalable Rollout Pilot Completed | POWER Hamar, Norway Marketing ready for rollout ✓ Easy-to-use POS System Doro Marketing POWER co-Marketing ✓ Retail materials deployed and operational ✓ POWER collaboration enabled joint learning and rollout optimisati
Slide 33: Doro Premium Services
Doro Premium Services From Device to Everyday Value-Added Services Safety Assistance Health Scam Protection Remote Control Wellbeing Senior Guardian Guardian Guardian Senior
Slide 34: Premium Services
Premium Services One experience, two perspectives Senior user Family member
Slide 35: From Foundation to Rollout
From Foundation to Rollout • Roll out Doro Connect in Norway together with Power • Prepare pilot with Power Sweden • Broadening the channel and market expansion in key markets • Introduce Doro Premium Services across Smartphone and Feature Phone product lines
Slide 36: emporia
Kjetil Fennefoss CCO emporia MOKSWA Presentation Template
Slide 37: emporia at a Glance
emporia at a Glance • Founded 1991 in Linz, Austria • 65 employees • Specialist in senior mobile technology • ~16m devices sold cumulatively • ~3m active users • Markets: Germany, Austria, Switzerland, Italy, Belgium, Netherlands • Market leader in senior phones in DACH • 300k+ devices sold annually
Slide 38: emporiaSMART.8
emporia 5G reduces cost and time to market CAPEX effect 40m emporiaSMART.8 Better safe than sorry! Ein inspirierender Start in eine kreative Theatererfahrung
Slide 39: Slide 39
Slide 40: The Mystery of the Buttered Toast
The Mystery of the Buttered Toast Why smartphones end up on the screen • It is all about rotation, gravity and as we hold the phone at the chest height with our fingers beneath the center of gravity ….
Slide 41: Bumpers
“Bumpers” Robust rubber protectors • The corners of the smartphone are fitted with robust rubber protectors. These protectors keep the smartphone safe from damage – even if the smartcover is removed and the smartphone happens to fall.
Slide 42: Smartcover
Smartcover The patented smartcover allows you to operate key functions whilst the cover is closed – and provides reliable protection for your smartphone; 12-month free display warranty • The emporia SMART.8 comes with the patented emporia Smartcover. It reliably protects the smartphone whilst also a
Slide 43: 12m Display Warranty
12m Display Warranty Solid rubber bumpers in each corner • Phone + battery, smart cover, cable, instruction manual, display warranty
Slide 44: Maximum Safety. Maximum Ease of Use
Maximum Safety. Maximum Ease of Use The emporiaSMART.8 offers the greatest possible protection for anyone who likes to play it safe • 12-month free display warranty • Security at the touch of a button with the Panic button • Store all your data securely on the 512 gigabyte SD card • Easy-to-use empo
Slide 45: No-Panic Button
No-Panic Button • The Panic button doesn’t just provide safety. It can also be used as a direct shortcut for Google Gemini. This allows you, for example, to easily activate voice control – speak instead of typing
Slide 46: Simple and Intuitive
Simple and Intuitive • The choice is yours: operate your smartphone via the touchscreen or control it conveniently using voice commands. The tried-and-tested emporia interface, with large control panels and clearly structured menu navigation, makes it easy for anyone to use. And if you prefer the cl
Slide 47: Android 16 with an Update Guarantee
Android 16 with an Update Guarantee • The emporiaSMART.8 comes with the latest Android 16 version and the promise that the operating system will be updated across the next five Android generations. Regular security patches keep your smartphone up to date at all times – you can rely on that! • Thanks
Slide 48: First Results After Launch
First Results After Launch • Sold the entire first production batch • Urgently shipping in more • Launched with Swisscom • Media coverage: 57 publications with 23.1m reach in Germany’s and Austria’s leading news
Slide 49: Road Ahead
Road Ahead MOKSWA Presentation Template
Slide 50: Building Europe's Leading Family IoT Company
Building Europe’s Leading Family IoT Company emporia market leader Doro market leader MVNO live MVNO explore 1.8m combined annual device sales 8 (9) active European MVNO markets (US) 11+ combined countries distribution reach
Slide 51: Outlook
Outlook Focus on Driving Subscription Growth and Service Revenue ✓Continue to deliver on top three business KPIs ✓Sharpening retail point-of-sales model to drive more sales of all products and services in retail channels ✓emporia will add revenue with limited EBITDA effect short- term, but also adds