Link Mobility Group Holding Asa · OSL:LINK

Link Mobility Group Holding Asa — Q1 2026 Earnings Presentation

29 slides from Link Mobility Group Holding Asa's earnings presentation, May 12, 2026

  1. Slide 1: Q1 2026 Financial presentation

    Q1 2026 Financial presentation 12 May 2026

  2. Slide 2: Disclaimer

    DISCLAIMER The statements contained in this presentation may include forward-looking statements, such as statements of future expectations regarding the Company's results of operations, financial condition, liquidity, prospects, growth and strategies. These statements are based on the management’s c

  3. Slide 3: LINK Mobility – Europe's leading provider of digital messaging

    LINK Mobility – Europe’s leading provider of digital messaging European market leader with global ambitions and a proven growth track record LINK at a glance Broad and innovative product portfolio Proven M&A Track Record #1 in Europe Communications for A2P Messaging APIs & Connectivity e Omnichannel

  4. Slide 4: 1Q'26 - On track to organic growth

    1Q’26 - On track to organic growth ​ Business stabilizing with clear indicators of return to growth Proforma financials including SMSPortal* KEY HIGHLIGHTS NOKm Q1’25 Growth Q1’26 LTM Q1 25 Growth LTM Q1 26 Proforma (stable FX) Proforma Proforma (stable FX) Proforma Proforma Gross Profit stable desp

  5. Slide 5: Commercial momentum and mix shift support accelerating growth

    Commercial momentum and mix shift support accelerating growth Strong contract momentum and accelerating adoption of higher-margin CPaaS solutions 1 Strong momentum in closed-won contracts 2 Accelerating mix shift toward higher-margin CPaaS solutions Growth in closed-won contracts reflects continued

  6. Slide 6: Strong contract wins of NOK 48 million in high-end of expectations supports growth

    Strong contract wins of NOK 48 million in high-end of expectations supports growth CPaaS contract share at 40% driven by OTT Gross profit contribution from new contract wins¹ Key drivers of growth NOKm +14% CPaaS 50 48 CPaaS momentum SMS A2P 42 43 40 ✓ Gross profit from CPaaS contracts up 27% YoY 26

  7. Slide 7: AI expected to support growth, retention and scalability

    AI expected to support growth, retention and scalability I e pands LINK’s s twa e apa t es, en an es st me va e and st engt ens mpet t ve p s t n AI expands LINK’s software and AI strengthens LINK’s competitive position value-added capabilities AI increases the value of our trusted infrastructure AI

  8. Slide 8: M&A remains a core pillar of our strategy – short-term focus on bolt-on targets

    M&A remains a core pillar of our strategy – short-term focus on bolt-on targets Strong strategic optionality with disciplined capital allocation at current valuation levels Proven M&A Track Record Medium-term strategy - unchanged e ● Medium-term M&A strategy remains unchanged ● M&A remains a key dri

  9. Slide 9: SMSPortal – strengthening growth outlook expected

    SMSPortal – strengthening growth outlook expected 1Q’26 g ss p t g wt desp te e evated mpa a es Proforma Financial Performance Strong growth outlook SMSPortal at a glance (stable currency)1 Gross Profit (mNOK) Elevated comparables Q1’26 reducing volumes with -4% #1 in South Africa for A2P Messaging

  10. Slide 10: Value creation through organic growth and accretive M&A

    Value creation through organic growth and accretive M&A Key medium-term objectives – structural market opportunities support high single-digit gross profit growth Growth Profitability Capital allocation Accretive M&A first priority High-single digit GP growth Adj.EBITDA growth 2026: Expect to return

  11. Slide 11: Financials

    Financials Q1 2026 12 May 2026

  12. Slide 12: Stable customer concentration with diversified industry exposure

    Stable customer concentration with diversified industry exposure Top 10- and remaining customers as % of gross profit1 Gross profit by industry1 Managed concentration Banking & 15.3% 14.9% 15.5% 15.1% 14.9% Other Insurance Stable gross profit share from top 10 18.0% 19.0% customers over time of arou

  13. Slide 13: Reported revenue expanded 21% from M&A

    Reported revenue expanded 21% from M&A Organic revenue stable as enterprise revenue growth offsetting isolated decline in Global Messaging Reported revenue (NOKm) Organic enterprise revenue growth improved QoQ to 4% in stable FX +21% ● Enterprise growth offsetting isolated decline in Global Messagin

  14. Slide 14: NRR improving as isolated decline fades

    NRR improving as isolated decline fades Q1’26 Net Retent n Rate mpa ted 7pp ma n y m de n ng s a e wa et ents Enterprise and Global Messaging churn (%) 3.2 QoQ decrease in enterprise churn 2.9 ● Enterprise churn impacted by churn of high-v me ent s n e Q4’25 1.9 ● OTT channels supports tighter integ

  15. Slide 15: Reported Gross Profit expanded 20% from M&A

    Reported Gross Profit expanded 20% from M&A Organic enterprise gross profit returned to growth while improved OTT share continue to impact margin Group organic gross profit development (NOKm) Organic enterprise growth improved 4pp QoQ to 2% -1% +20% NOK 7 million organic enterprise growth supported

  16. Slide 16: Reported adjusted EBITDA growth of 34% from M&A

    Reported adjusted EBITDA growth of 34% from M&A Organic decline of 6% from gross profit decline while opex growth at low single digit Adj. EBITDA (NOKm) +34% Reported adjusted EBITDA growth of 34% 265 269 ● Organic Adj. EBITDA decline of NOK 11 million in fixed currency 212 216 83 198 195 81 • NOK 5

  17. Slide 17: Statement of Profit & Loss

    Statement of Profit & Loss NOK in millions Q1 2026 Q1 2025 Year 2025 Total operating revenues 2,005 1,651 7,083 Non-recurring items of NOK 24 million Direct cost of services rendered -1,513 -1,241 -5,389 ● M&A cost of NOK 24 million Gross profit 492 409 1,694 ● Restructuring NOK 5 million ● Reversal

  18. Slide 18: Solid balance sheet with ample capacity for inorganic growth

    Solid balance sheet with ample capacity for inorganic growth Cash of NOK 800 million and leverage of 1.7x adjusted EBITDA reflecting share buy back and option tax payments NOK in millions Q1 2026 Q1 2025 Year 2025 Non-current assets higher YoY from acquisitions ● NOK 1.7 billion from M&A add-on comp

  19. Slide 19: Cash flow from operations of NOK 109 million

    Cash flow from operations of NOK 109 million Cash position down QoQ from NOK 228 million in share buyback and options tax payments NOK in millions Q2’25 Q3’25 Q4’25 Q1’26 LTM Q1’26 Adj. cash flow from operations impacted by changes in WC Adj.EBITDA 212 195 216 265 889 ● Adjusted EBITDA of NOK 265 mi

  20. Slide 20: Appendix

    Appendix Q1 2026 Ag 12 May 2026 # link mobility

  21. Slide 21: Total LINK

    Total LINK Growth in fixed currency incl. M&A +23% 1,980 2,005 2,031 1,651 1,758 1,694 379 372 Org.growth ex.M&A Revenue 0% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed en y +22% 492 499 461 409 422 401 94 95 Org.growth ex.M&A 24.8% 24.0% 23.7% 23.3% 24.5% 24.6% Gross Profit -1% (mNOK) Q1’25 Q2’25

  22. Slide 22: Northern Europe

    Northern Europe Growth in fixed currency +19 (+5%) 450 384 392 375 403 403 Org.growth ex.M&A Revenue +5% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed en y 0% 104 104 110 103 104 104 Org.growth ex.M&A 27.2% 26.6% 27.6% 24.5% 25.8% 25.8% Gross Profit 0% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed e

  23. Slide 23: Central Europe

    Central Europe Growth in fixed currency +38 (+8%) 559 530 492 514 503 518 Org.growth ex.M&A Revenue +8% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed en y +5% 153 146 138 144 141 142 Org.growth ex.M&A 28.1% 28.0% 28.1% 27.4% 27.5% 27.5% Gross Profit +5% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed

  24. Slide 24: Western Europe

    Western Europe Growth in fixed currency incl. M&A +23% 491 424 410 425 440 358 83 89 Org.growth ex.M&A Revenue -2% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed en y +13% 119 108 110 113 100 99 13 12 Org.growth ex.M&A 27.8% 25.5% 24.3% 25.8% 25.7% Gross Profit 24.1% 0% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25

  25. Slide 25: Rest of World (including South Africa) – proforma

    Rest of World (including South Africa) – proforma1 -2% 296 315 287 288 288 290 Pro forma growth -2% Revenue 104 (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed en y +2% 80 78 79 82 82 82 Pro forma growth Gross Profit 27.1% 27.3% 27.4% 25.9% 28.3% 28.3% +2% 26 (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26

  26. Slide 26: Global Messaging

    Global Messaging Growth in fixed currency -48 (-12%) 416 430 405 376 370 368 Organic growth in fixed currency Revenue -12% (mNOK) Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q1’26 ed en y -19% 67 66 57 54 54 52 Organic growth in fixed currency Gross Profit 16.0% 15.4% 14.1% 14.0% 14.7% 14.7% -19% (mNOK) Q1’25 Q2’

  27. Slide 27: Agreements signed & customer accounts

    Agreements signed & customer accounts New agreements signed in quarter 1.011 1.027 957 Solid quarter in terms of agreements signed 872 806 • 1 027 new agreements signed or up 18% yoy (excl. SMSPortal) • The new agreements consisted of 878 signed direct customer contracts, 38 signed partner framework

  28. Slide 28: Contribution from acquired entities in the quarter

    Contribution from acquired entities in the quarter NOKm Country Company Inorganic contribution Q126 Consolidated from UK Firetext/SMS Works 83.5 ay’25 Revenue Rest of World (incl. SA) SMS Portal 288.5 De ’25 Total revenue 371.9 UK Firetext/SMS Works 12.5 ay’25 Gross profit Rest of World (incl. SA) S

  29. Slide 29: Q&A

    Q&A linkmobility.com/investors 12 May 2026

LINK Mobility Group Holding — Q1 2026 Earnings Presentation on 6ix