Interim Report Q3 2025 "Modest growth, low churn and seasonality effects with positive profit outcome"
Safeture
Q3 HighlightsOperating Revenue decline with -1% to 14,1 MSEK (+2% at constant exchange rates).
Annual Recurring Revenue (ARR) decline with -2% to 57,3 MSEK.
Quarterly churn at 0,6%.
Yearly NRR at 96%.
EBIT improvement of +0,1 MSEK, reaching +0,2 MSEK.
Cashflow amounted to +3,7 MSEK in Q3.
* Comparison period is the corresponding quarter last year = Q3 2024
Interim Report July - September 2025 2
Safeture
Summary of Interim ReportClassics
First nine months (2025-01-01 to 2025-09-30)
Operating Revenue amounted to 42 664 (41 832) KSEK (+2%).
EBIT amounted to -1 (-446) KSEK.
Result after financial items amounted to 386 (-402) KSEK.
Earnings per share before dilution amounted to 0,01 (-0,01) SEK.
Earnings per share after dilution amounted to 0,01 (-0,01) SEK.
Third quarter (2025-07-01 to 2025-09-30)
Operating Revenue amounted to 14 123 (14 308) KSEK (-1%).
EBIT amounted to 244 (125) KSEK.
Result after financial items amounted to 374 (175) KSEK.
Earnings per share before dilution amounted to 0,01 (0,00) SEK.
Earnings per share after dilution amounted to 0,01 (0,00) SEK.
SaaS Traction
Third quarter (2025-07-01 to 2025-09-30)
Annual Recurring Revenue (ARR) at the end of Q3 2025, reached
Operating Revenue EBIT
12 438
14 731
13 627
13 898
14 308
14 571
14 565
13 975
14 123
57 341 (58 300) KSEK
Recurring Revenue represents 100% (99%) of the Operating Revenue in the quarter.
Churn for the quarter was 0,6%.
10 668 11 076
-2 497 -1 589
-700
-1 899
-419 -152
125
278
131
-376 244
Yearly Net Revenue Retention (NRR) was 96%.
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 25Q1 Q225 Q325
Interim Report July - September 2025 3
Safeture
Message from the CEO "Modest growth, low churn and seasonality effects with positive profit outcome"We saw a quarter with continued slow growth (ARR -2% YoY; +3% with constant exchange rates). More orders were coming through, even though at a lower average deal size. Revenue was slightly higher than previous quarter but fell short on the comparison vs last year (-1% YoY; +2% with constant exchange rates). Existing- as well as brand new partners contributed to the main bulk of the sequential increase. Another contributor was usage-based billing. This occurs when certain clients exceed their prepaid usage allocations, resulting in additional charges being billed in arrears.
The margin strengthened slightly during Q3 and together with seasonality effects (high vacation outtake) and a stable currency development sequentially, we once again reported a profit on the bottom line. Additional positive news was the low quarterly churn (0,6 %) and a healthy positive cash-flow (+3,7 MSEK) for the quarter.
The busy season
Autumn is the season when most trade fairs, seminars, and other events happen, and this year is no exception. I have mentioned the US trade fair GSX several times. The world´s biggest security event, but this time I would like to highlight one of our own events. Germany is the biggest market for Safeture, and for the third consecutive year, we are hosting an invite-only, paid event at our Office in Tübingen, with some of the thought-leaders within our space as speakers. This takes place at the beginning of October and is a great way of building our position in this important market.
Product launch
Briefly mentioned in the last CEO's words, Safeture has now released the product "Safety check". Automated user outreach during high-risk events, using robo-calls or digital check-ins to help identify and prioritize affected individuals. This is targeted towards our partners, primarily medical and security assistance companies.
However, we have also seen significant interest from end-clients directly, as this innovation offers substantial productivity gains, which also apply to those with their own Security Operation Centers (SOC). The most common practice, at least here in Europe, is outsourcing SOC to security assistance providers, but the trend is there. More and more companies prioritize this crucial function in building a resilient organization, and it is part of business continuity plans at companies navigating a complex world.
Q4 focus
The single most important thing is the growth of our recurring revenue. More activities with our partners lead to more opportunities that will be converted to sales. Safeture is below our indicated growth path and will continue to prioritize sales activities.
We remain confident that we will reach our mid-term financial targets of sustainable profitability at an ARR at 65 MSEK.
Magnus Hultman, CEO at Safeture Lund - October 24th, 2025
Interim Report July - September 2025 4
Safeture
Key Figures - Quarterly Trend25Q3
25Q2
25Q1
24Q4
24Q3
24Q2
24Q1*
23Q4
23Q3
23Q2
23Q1
Operating Revenue
14 123
13 975
14 565
14 571
14 308
13 898
13 627
14 731
12 438
11 076
10 668
Cost of Sales
-2 894
-3 034
-3 086
-3 129
-3 014
-2 831
-2 726
-2 887
-2 742
-2 709
-2 648
Gross Margin
11 229
10 941
11 479
11 441
11 294
11 067
10 901
11 844
9 697
8 366
8 020
Gross Margin %
80%
78%
79%
79%
79%
80%
80%
80%
78%
76%
75%
OPEX & Other Revenue
-10 580
-11 865
-12 174
-11 436
-11 142
-11 495
-11 608
-14 025
-10 338
-10 359
-11 340
Capitalization own work
1 819
2 372
2 569
2 066
1 665
1 917
1 872
1 817
1 421
1 840
2 194
Depreciation
-2 223
-1 825
-1 743
-1 794
-1 691
-1 640
-1 584
-1 535
-1 479
-1 437
-1 370
EBIT
244
-376
131
278
125
-152
-419
-1 899
-700
- 1 589
-2 497
EBIT%
2%
-3%
+1%
+2%
+1%
-1%
-3%
-13%
-6%
-14%
-23%
Result after financial items
374
-249
261
909
175
-157
-419
-1 690
-550
-1 592
-2 497
Cashflow - Operating Activities
5 526
-518
7 381
4 008
2 433
2 478
3 097
6 510
-4 011
519
-3 185
Cashflow - Investing Activities
-1 819
-2 372
-2 569
-2 144
-1 665
-1 917
-1 872
-1 817
-1 421
-1 840
-2 194
Cashflow - Financing Activities
0
68
0
0
0
216
10
64
94
84
0
Cashflow
3 707
-2 823
4 812
1 864
768
778
1 235
4 757
-5 338
-1 237
-5 378
Cash
29 482
25 775
28 598
23 786
21 922
21 154
20 376
19 141
14 384
19 722
20 959
ARR
57 341
55 754
57 011
58 020
58 300
57 001
54 174
53 527
50 332
48 623
43 978
Quarterly Churn
0,6%
2,2%
2,3%
5,0%
0,8%
0,8%
4,1%
0,2%
0,5%
1,9%
1,5%
Yearly NRR
96%
97%
100%
98%
104%
103%
108%
117%
113%
116%
109%
Operating Revenue YoY
-1%
1%
7%
-1%
15%
25%
28%
54%
35%
25%
31%
ARR YoY
-2%
-2%
5%
8%
16%
17%
23%
30%
26%
30%
27%
* Prior to 2024, the key figures in the above table refers to as the Group, including subsidiaries that have under the fiscal year of 2023 been fully divested. From Q1 2024, the key figures refer to the Company Safeture AB only.
Interim Report July - September 2025 5
Safeture
Highlights & Significant EventsBusiness Highlights during Q3 2025
Safeture speeds up crisis response with the launch of "Safety Check", a groundbreaking feature now available on the Safeture platform. Designed to empower organizations during critical incidents, Safety Check enables faster, more effective responses by combining rapid outreach with streamlined case management.
Significant events during Q3 2025
There were no significant events during the period.
Significant events after the period close
There were no significant events after the period close.
Interim Report July - September 2025 6
Safeture
About SafetureAbout Safeture AB
Safeture is a Swedish Software as a Service (SaaS) company that offers an advanced open platform within the area ERCM (Employee Risk & Crisis Management). We offer medical assistance-, security assistance- and insurance providers the ability to effectively automate medical, safety and security processes by collecting risk information, employee location and facilitate communication - all in the same platform.
History & Vision
The Company was founded in 2009, triggered by the experience of the global SARS epidemic, the Indian Ocean tsunami and the Mumbai terror attacks, where lives could have been saved if people had been warned earlier and received more information. The company was listed in 2014.
Our vision is to save lives and to prevent harm by making risk, safety and security information available to users at the right time, no matter where they are. We will achieve this by providing the best platform and content that enables the implementation of risk, safety and security processes and distribution of reliable information to individuals and organizations.
Mid-term Financial Targets
Average (year-on-year) revenue growth of 15%
Continuously improved gross margins to above 80%
Sustainable profitability at an ARR equal to 65 MSEK
Sales & Strategy
Safeture´ s global sales strategy is to target assistance providers and offer them a best-in-class open platform for employee safety. The business model is SaaS, Software as a Service, where close to 100% of our operating revenue is recurring revenue.
Approximately 86% of our revenue originates from customers in EMEA (Europe, the Middle East & Africa), 8% from customers in the Americas and 6% from Southeast Asia & Oceania.
Research & Development
Research and development are prioritized areas within Safeture, and we invest continuously in research and development to maintain technological lead. We develop and adapt our products continuously thanks to close cooperation with our partners. The cutting-edge knowledge that we gather from cooperation with our partners is used in our technical development to invent new solutions and keep our advantage in relation to our competitors.
Risks & Uncertainties
Safeture is exposed to general business-related as well as financially-related risks. These risks are described more in detail in the Annual Report for 2024, available on the company's website.
Organization & People
The average total workforce (full time equivalents) in the company during the third quarter of 2025 amounted to 33 (32) including on-site consultants. The average number of employees (full time equivalents) in the company during the third quarter of 2025 amounted to 30 (29).
Interim Report July - September 2025 7
Safeture
Financial Review14 731
13 627
13 898
14 308
14 571
14 565
13 975
14 123
12 438
10 668
11 076
13 727
14 159 14 193
14 423
13 778
14 102
10 659
11 011
12 262
12 381
12 692
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 25Q1 Q225 Q325
Revenue
Operating Revenue in Q3 reached 14 123 (14 308) KSEK, a decline with -1% YoY (+2% at constant exchange rates).
Foreign exchange development stabilized during the quarter but continued to place negative pressure on revenue compared to previous periods. As a Swedish exporter with high exposure (92%) to foreign currencies, we are naturally sensitive to such fluctuations.
The Recurring Revenue represents 100% (99%) of the quarterly operating revenue in Q3 2025.
As previously communicated, we focus on delivering sustainable profitability and sacrificing short-term sales growth in favour of building a more resilient and profitable business over the long term. The entire organisation is fully focused on planning, developing, marketing and selling the best possible platform to partners within medical and risk/security assistance services.
Interim Report July - September 2025 8
Safeture
Financial ReviewGross Margin %
78%
80% 80% 80%
79% 79% 79% 78% 80%
Margins & Result
The Gross Margin showed a slight improvement this quarter,
75%
76%
primarily driven by a temporary favourable mix related to usage-based billing. This occurs when certain clients exceed their prepaid usage allocations, resulting in additional charges billed in arrears. Lower variable costs in the quarter also contributed positively to the margin development.
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325
Operating expenses softened substantially in the quarter, mainly explained by seasonality effects. As is customary in the third quarter, the overall cost base was lower due to a high level of
125 278 131
244
vacation leave among employees.
-152
-419
-376
-700
-1 589
-1 899
A strong gross margin along with the seasonality effects brought us back to profitability in the quarter. EBIT amounted to +244 KSEK, which represents an improvement of 119 KSEK compared to last year.
-2 497
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 25Q1 Q225 Q325
As previously communicated, we will see fluctuations around the profit line until we have reached our target of being sustainably profitable at an ARR equal to 65 MSEK.
Interim Report July - September 2025 9
Safeture
SaaS Metrics57 001 58 300 58020 57 011 55 754 57 341
Annual Recurring Revenue (ARR)
53 527 54 174
48 623
50 332
43 978
The Annual Recurring Revenue (ARR) reached 57 341 KSEK in Q3, a contraction with -2% compared to corresponding quarter last year.
Despite continued pressure on recurring revenue from foreign exchange movements, new ARR generation and low churn helped offset the currency impact, resulting in a return to sequential ARR growth.
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325
ARR development compared to Q3 last year and previous quarter was -959 KSEK and +1 587 KSEK respectively.
New ARR order value during Q3 originated 80% from the partner network, through new partners or upsell from established partners.
Interim Report July - September 2025 10
Safeture
SaaS MetricsKSEK | Q123 | Q223 | Q323 | Q423 | Q124 | Q224 | Q324 | Q424 | Q125 | Q225 | Q325 |
Recurring Revenue | 10 659 | 11 011 | 12 262 | 12 381 | 12 692 | 13 727 | 14 159 | 14 193 | 14 423 | 13 778 | 14 102 |
Recurring Revenue/ Total Operating Revenue | 100% | 99% | 99% | 84% | 93% | 99% | 99% | 97% | 99% | 99% | 100% |
Annual Recurring Revenue (ARR) | 43 978 | 48 623 | 50 332 | 53 527 | 54 174 | 57 001 | 58 300 | 58 020 | 57 011 | 55 754 | 57 341 |
Quarterly Churn * | 1,5% | 1,9% | 0,5% | 0,2% | 4,1% | 0,8% | 0,8% | 5,0% | 2,3% | 2,2% | 0,6% |
Yearly NRR ** | 109% | 116% | 113% | 117% | 108% | 103% | 104% | 98% | 100% | 97% | 96% |
* Quarterly Churn represents both cancellations (Logo churn) and downgrading (Revenue churn) within the quarter in relation to total Recurring Revenue.
** NRR recalculated to reflect sales via partner network as upsell. Safeture is invoicing the partner and the partner is doing the reselling to new end clients, i.e. upgrading the partner account.
Quarterly Churn
1,9%
2,2%
0,5%
0,8% 0,8%
1,5%
4,1%
0,2%
0,6%
2,3%
5,0%
109%
113%
117%
108%
103%
104%
98%
100%
97%
96%
116%
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325
Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325
Interim Report July - September 2025 11
Safeture
CashflowQ3 Cash Development
2025 YTD Cash Development
Liquidity
2 918
25 775
374
2 234
0
29 482
-1 819
As of September 30th 2025, cash in the bank amounts to 29 482 KSEK. The Q3 cash-flow was positive, amounting to +3 707 KSEK. Since the beginning of the year, the net cash has increased with +5 696 KSEK.
Q2 2025 | Result after | Adj. for | Change in | Investm. | Financing | Q3 2025 |
financial items | Depr. | Working Cap | Activities | Activities | ||
& Other |
The cash flow improved significantly during Q3 as customer receivables declined, reflecting the payment of annual invoices for one of our biggest customers that had temporarily affected working capital negatively in the previous quarter.
In the longer term, disciplined management of working capital and cash flow continues to show positive effects. The SaaS model, with increasing annual and prepaid billing, further enhances cash conversion and supports sustainable growth.
6 200
5 802
68
29 482
23 786
386
-6 760
Investments
Q3 investments amounted to 1 819 (1 665) KSEK. The investment consists of capitalized platform development costs.
Solidity
Q4 2024 | Result after | Adj. for | Change in | Investm. | Financing | Q3 2025 |
financial items | Depr. | Working Cap | Activities | Activities | ||
& Other |
The solidity of the Group as of Sept 30th, 2025 compared to last year corresponding quarter, was 51% (57%).
Interim Report July - September 2025 12
Safeture
The Safeture ShareThe company is listed on Nasdaq First North Growth Market in Stockholm under the abbreviation, "SFTR". As of September 30th, 2025 the Company has 39 289 392 (39 147 043 ) shares. The average number of shares during Q3 2025 amounted to 39 289 392 (39 147 043 ).
The schedule below shows the ten largest shareholders, and the number of shares they own in Safeture AB as of September 30th, 2025.
Amount of shares | % | |
Agartha AB | 15 252 704 | 38,8% |
Topline Capital | 7 502 070 | 19,1% |
Ninalpha AB | 4 136 484 | 10,5% |
Daniel Oredsson | 2 600 000 | 6,6% |
Flemming Breinholt (Chairman of the Board) | 1 520 163 | 3,9% |
Semmy Rülf | 1 228 380 | 3,1% |
ES Aktiehandel | 849 482 | 2,2% |
Magnus Hultman (CEO) | 558 822 | 1,4% |
Joseph Aroyan | 535 549 | 1,4% |
Client Omnibus | 491 794 | 1,3% |
Others | 4 613 944 | 11,7% |
TOTAL | 39 289 392 | 100% |
Others
Flemming Breinholt (Chairman of the Board)
Daniel Oredsson
Ninalpha AB
Topline
Capital
Agartha AB
Interim Report July - September 2025 13
Safeture
Share OptionsShare Option Program 2023/2026
On May 25th, 2023, a general meeting was held and decided on a directed issue of share options of series 2023/2026 to employees at Safeture AB. 170 000 share options were subscribed in total. The share options were issued at the price of 0,99 SEK per option. The subscription price for exercising the share options amounts to 7,46 SEK per option. The share options may be exercised during the period of June 8th - June 26th, 2026. One (1) share option gives the right to subscribe for one (1) new share.
Share Option Program 2024/2027
On May 28th, 2024, a general meeting was held and decided on a directed issue of share options of series 2024/2027 to board members and employees at Safeture AB. 141 333 share options were subscribed in total. The share options were issued at the price of 1,53 SEK per option. The subscription price for exercising the share options amounts to 11,80 SEK per option. The share options may be exercised during the period of May 31st - June 11th, 2027. One (1) share option gives the right to subscribe for one (1) new share.
Share Option Program 2025/2028
On May 28th, 2025, a general meeting was held and decided on a directed issue of share options of series 2025/2028 to board members and employees at Safeture AB. 75 000 share options were subscribed in total. The share options were issued at the price of 0,905 SEK per option. The subscription price for exercising the share options amounts to 9,59 SEK per option. The share options may be exercised during the period of
May 29th - June 9th, 2028. One (1) share option gives the right to subscribe for one (1) new share.
Interim Report July - September 2025 14
Safeture
OtherRelated Party Transactions
During the second quarter of 2025, Flemming Breinholt, chairman of the board of Safeture AB, has received 100 KSEK as remuneration for management services.
The Company
During the fiscal year of 2023, all remaining subsidiaries were fully divested. From the 2023 Annual Report and forwards, all financial statements such as Income Statement, Balance Statement, Cashflow, and changes in Equity statement refer to the Company with comparison periods equal to the former Parent.
General accounting principles
The Interim Report has been established in accordance with Årsredovisningslagen (1995:1554) and BFNAR 2012:1, Årsredovisning och koncernredovisning (K3). General accounting principles applied is coherent with the accounting principles used when establishing the 2024 Annual Report.
Audit
The Interim Report has not been audited by the Company´s auditors.
Financial calendar
The company establishes and publishes a financial report every quarter. Upcoming General Meeting and reports are planned according to below:
Q4 Interim Report 2025 | 2026-02-13 |
Annual Report 2025 | 2026-03-27 |
Q1 Interim Report 2026 | 2026-04-24 |
Q2 Interim Report 2026 | 2026-07-17 |
Q3 Interim Report 2026 | 2026-10-22 |
Previous reports are available on the company web page: https://investor.safeture.com/financial-reports-presentations/
Certified Adviser
Redeye is the Certified Adviser of Safeture.
Interim Report July - September 2025 15
Safeture
Income StatementKSEK | Q3 2025 | Q3 2024 | 2025-01-01 | 2024-01-01 |
2025-09-30 | 2024-09-30 | |||
Operating Revenue | 14 123 | 14 308 | 42 664 | 41 832 |
Own work capitalised | 1 819 | 1 665 | 6 760 | 5 454 |
Other operating revenue | 252 | 238 | 805 | 1 547 |
Total Revenue | 16 194 | 16 210 | 50 229 | 48 833 |
Operating Expenses | -13 286 | -14 062 | -42 656 | -43 273 |
Other operating expenses | -441 | -331 | -1 782 | -1 090 |
Depreciation | -2 223 | -1 691 | -5 791 | -4 916 |
Total Expenses | -15 950 | -16 085 | -50 229 | -49 278 |
Operating Result | +244 | +125 | -1 | -446 |
Net financial items | 129 | 50 | 387 | 44 |
Result after financial items | 374 | 175 | 386 | -402 |
Tax | 0 | 0 | 0 | 0 |
Result after tax | +374 | +175 | +386 | -402 |
Interim Report July - September 2025 16
Safeture
Balance StatementAssets Equity & Liabilities
KSEK | 2025-09-30 | 2024-12-31 KSEK 2025-09-30 2024-12-31 |
Fixed Assets | Restricted Equity | |
Intangible Assets | 19 651 | 18 478 Share Capital 3 143 3 132 |
Tangible Assets | 0 | 215 Fund for Dev. cost 19 541 18 095 |
Financial Assets | 0 | 0 Non-restricted Equity |
Fixed Assets | 19 651 | 18 693 Share Premium* 189 142 189 085 Retained Earnings -183 361 -182 423 |
Current Assets | Result for the period 386 507 | |
Short-term Receivables | 7 318 | 9 725 Equity 28 851 28 397 |
Cash & Bank | 29 482 | 23 786 Short-term Liabilities 27 599 23 807 |
Current Assets | 36 800 | 33 511 Long-term Liabilities 0 0 |
Assets | 56 451 | 52 204 Equity & Liabilities 56 451 52 204 |
Interim Report July - September 2025 17
Safeture
Cashflow2025-01-01 | 2024-01-01 | |
KSEK | 2025-09-30 | 2024-09-30 |
Operating Result | -1 | -446 |
Adjustment for Depreciation & Other items | 5 802 | 4 916 |
Interest Received /Paid | 387 | 44 |
Cashflow from Operating Activities before changes in Working Capital | 6 188 | 4 514 |
Cashflow from changes in Working Capital | 6 200 | 3 495 |
Cashflow from Operating Activities | 12 389 | 8 009 |
Cashflow from Investing Activities | -6 760 | -5 454 |
Cash flow from Financing Activities | 68 | 226 |
Cashflow of the period | 5 696 | 2 781 |
Cash at the beginning of the period | 23 786 | 19 141 |
Cash at the end of the period | 29 482 | 21 922 |
Interim Report July - September 2025 18
Safeture
Changes in EquityKSEK | Share capital | Fund for development costs | Share premium | Ret. earnings incl. loss for the period | Total equity |
2024-01-01 | 3 132 | 17 366 | 188 859 | -181 693 | 27 665 |
Issue of new share options | 226 | 226 | |||
Reposting | 828 | -828 | 0 | ||
Result after financial items for the period | -402 | -402 | |||
2024-09-30 | 3 132 | 18 194 | 189 085 | -182 923 | 27 488 |
2025-01-01 | 3 132 | 18 095 | 189 085 | -181 916 | 28 397 |
Issue of new share options | 11 | 56 | 68 | ||
Reposting | 1 446 | -1 446 | 0 | ||
Revaluation | 1 | 1 | |||
Result after financial items for the period | 386 | 386 | |||
2025-09-30 | 3 143 | 19 541 | 189 142 | -182 975 | 28 851 |
Interim Report July - September 2025 19
Safeture
Data per Share2025-07-01 | 2024-07-01 | 2025-01-01 | |
2025-09-30 | 2024-09-30 | 2025-09-30 | |
Number of shares before dilution (at period end) | 39 289 392 | 39 147 043 | 39 289 392 |
Number of shares after dilution* (at period end) | 39 289 392 | 40 164 376 | 39 289 392 |
Average number of shares before dilution | 39 289 392 | 39 147 043 | 39 218 218 |
Average number of shares after dilution* | 39 289 392 | 40 164 376 | 39 571 218 |
Number of shares at period end | 39 289 392 | 39 147 043 | 39 289 392 |
Earnings per share before dilution | 0,01 | 0,01 | 0,01 |
(calculated on average number of shares) | |||
Earnings per share after dilution* | 0,01 | 0,01 | 0,01 |
(calculated on average number of shares) |
* The dilution takes into account the total number of outstanding warrants that, as of the balance date 30/9 2025, are
"in the money", i.e., where the exercise price is below the closing price of the share."
Interim Report July - September 2025 20
Safeture
Definitions and Key MetricsOperating Revenue
Revenue related to the core business activities of our company, i.e. earnings from selling the Safeture core platform.
Other operating revenue
Revenue related to the non-core business activities such as positive
FX revaluations and rent from property.
Recurring (Operating) Revenue
The portion of operating revenue that is expected to continue in the future.
Recurring (operating) Revenue %
The recurring revenue share of total operating revenue.
Annual Recurring Revenue (ARR)
The recurring operating revenue expected for the coming 12 months, including contracted orders affecting coming quarters.
Revenue growth
The difference in revenue between two periods in relation to revenue for the earlier period.
Revenue growth at Constant Exchange Rates
The difference in revenue between two periods in relation to revenue for the earlier period, adjusted for the average and weighted foreign exchange rate development. Approximately 92% of our revenue is exposed to foreign currencies, whereof majority is in EUR, USD and GBP.
Quarterly Churn %
Percentage of recurring revenue related to both cancellations (Logo churn) and downgrading (Revenue churn) within the quarter in relation to total recurring revenue.
Net Revenue Retention (NRR)
The percentage of recurring revenue retained from existing customers over a given time, including upgrades, downgrades, and cancellations.
Gross Margin
Revenue generated minus the cost to run the platform.
Gross Margin %
Gross Margin in relation to total revenue.
Interim Report July - September 2025 21
Safeture
Definitions and Key MetricsOther operating expenses
Consists primarily of non-core business activities such as negative
FX revaluations
Operating Result
Earnings before Interest and Tax = EBIT
Net Financial items
Interest earnings from cash at the bank and interest expenses on borrowing or payables.
Result after financial items
Operating Result minus Net Financial items = Net Profit.
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Safeture
Submission of Interim Report
The Board of Directors, through the Chief Executive Officer, certify that the interim report provides a true and fair view of the company´s business, financial position, and performance and describes material risks and uncertainties, to which the company is exposed.
Lund - October 24th, 2025 Flemming Breinholt (Chairman of the Board)
Sofia Kinberg Christian Lindgren Pontus Kristiansson Johannes Boson Thomas Wandahl Magnus Hultman (CEO)
Link to all financial reports: https://investor.safeture.com/financial-reports-presentations/
For further information please contact CEO Magnus Hultman (+46 (0) 70 - 600 81 66)
magnus.hultman@safeture.com
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