Q2 2026 and first half 2026 Strong financial position supports planned NOK 60 million capital distribution

Goodtech ASA

Goodtech ASA delivered improved profitability and solid operational
performance in the second quarter of 2026. The company maintains a healthy
project pipeline, solid activity levels and a strong financial position. The
Group's robust balance sheet and net cash position provide financial
flexibility to invest in growth while also allocating excess capital to
shareholders.

Highlights Q2 2026

* Net operating revenue after external project costs increased to NOK 132.1
million (126.9), corresponding to 4% organic growth.
* EBITA improved to NOK 10.1 million (8.5), corresponding to a margin increase
to 7.7% (6.7%).
* Order intake amounted to NOK 164 million (170), with an order backlog of NOK
304 million (345).
* Cash and cash equivalents amounted to NOK 81.2 million. Operating cash flow
was temporarily affected by a seasonal build-up in working capital.
* Goodtech maintains a strong balance sheet with no interest-bearing debt.


Highlights H1 2026

* Net operating revenue after external project costs reached NOK 273.4 million
(263.7), representing a 3.7% increase.
* EBITA increased to NOK 24.9 million (18.1), with a margin of 9.1% (6.9%).


Following a successful strategic refocusing and operational turnaround, the
Board believes the Company holds capital in excess of what is required to
support its asset-light, project-based business model. The Board of Goodtech
ASA therefore intends to distribute approximately NOK 60 million of excess
capital to shareholders through supplemental dividends and/or share buybacks
during H2 2026. The exact structure and timing of the distribution will be
communicated before the end of Q3 2026.

CEO Margrethe Hauge comments:

"Goodtech continues to demonstrate that its core business delivers improved
profitability and solid operational performance. Our strong backlog and
pipeline, together with a robust balance sheet, positions the Group well to
continue supporting the industry's continuous need to improve their
competitiveness through digital and sustainable solutions. At the same time,
our strong financial position enables us to distribute excess capital to
shareholders while maintaining the flexibility to invest in future growth
opportunities."

The quarterly report for Q2 2026 is attached to this press release.

See also the company's results for Q2 2026 in our webcast -
https://youtu.be/-opnYdWyRqM

For further information, please contact:
Margrethe Hauge, CEO Goodtech ASA
Tlf +47 95 79 69 20
e-post: margrethe.hauge@goodtech.no

Anders Engelsen, CFO Goodtech ASA
Tlf.: +47 93 20 79 01
e-post: anders.engelsen@goodtech.no

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-07-17 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

678346_Q2 Report 2026.pdf