Safeture AbOMXSTO: SFTR

Interim report Q4 (Safeture Year End Report 25Q4 Final)

· Issued by Safeture Ab


‌Year-end Report Q4 2025 "Full-year profitability and strong cash-flow"

‌Safeture

Q4 Highlights

  • Operating Revenue decline with -2% to 14,3 MSEK (+2% at constant exchange rates).

  • Annual Recurring Revenue (ARR) increase with +0,4% to 58,3 MSEK.

  • Quarterly churn at 2,1%.

  • Yearly NRR at 101%.

  • EBIT reaching +0,2 MSEK.

  • Cashflow positive at +1,6 MSEK.

Comparison period is the corresponding quarter last year = Q4 2024

Year-End Report October - December 2025 2



‌Safeture

Summary of Year-End Report

Classics

Full year (2025-01-01 to 2025-12-31)

  • Operating Revenue amounted to 56 952 (56 403) KSEK (+1%).

  • EBIT amounted to +218 (-167) KSEK.

  • Result after financial items amounted to +785 (+507) KSEK.

  • Earnings per share before dilution amounted to 0,02 (0,01) SEK.

  • Earnings per share after dilution amounted to 0,02 (0,01) SEK.

    Fourth quarter (2025-10-01 to 2025-12-31)

  • Operating Revenue amounted to 14 288 (14 571) KSEK (-2%).

  • EBIT amounted to +218 (+278) KSEK.

  • Result after financial items amounted to +399 (+909) KSEK.

  • Earnings per share before dilution amounted to 0,01 (0,02) SEK.

  • Earnings per share after dilution amounted to 0,01 (0,02) SEK.

    SaaS Traction

    • Annual Recurring Revenue (ARR) at the end of Q4 2025 reached 58 255 (58 020) KSEK, a year-on-year increase of +0,4%.

    • Recurring Revenue represented 99% (97%) of the Operating Revenue in Q4 2025, and 99% for the full year 2025.

    • Churn for the fourth quarter was 2,1% (5,0%). Corresponding churn for the full year 2025 was 7,1% (11,2%).

    • Yearly Net Revenue Retention (NRR) was 101%.

Year-End Report October - December 2025 3



‌Safeture

Message from the CEO "Full-year profitability and strong cash-flow"

The fourth quarter was a strong sales quarter compared to the preceding quarters of the year. Revenue increased sequentially, even if FX and revenue churn (-2,1%) offset year-on-year growth. We expect growth to continue going forward, with churn, which has been troublesome over the past year, beginning to wane as Germany, our largest market, gains momentum. An indicator of this is our NRR, which came in at 101%.

In Q4, our operating revenue reached 14,3 MSEK, in line with last year. Operational Result (EBIT) for the quarter was +0,2 MSEK (+0,3 MSEK corresponding quarter last year), and for the full year +0,2 MSEK (-0,2 MSEK). Result after financial items for the full year was +0,8 MSEK (+0,5 MSEK).

Our cash position strengthened further during Q4, driven by the strong cash flow of 1,6 MSEK from operating activities. We are ending 2025 with full-year profitability, improved gross margin, and a solid cash position, demonstrating a well-managed SaaS engine company.

With profitability comes options

For the past couple of years, we have clearly communicated that profitability is a priority. We remain comfortable with our communicated target of sustainable profitability at 65 MSEK ARR, given the current gross margins. Sentiment in the European market is improving, and Europe represents (86%) of our revenue. Every quarter for the past year, we have expanded our partner network and seen a steady flow of opportunities, which bodes well for the future. In 2026, we will focus more on strengthening these relationships.

What does 2026 have in store?

Safeture has a solid position in the Travel Risk Management sector, serving medical assistance providers, security companies, and insurers with cutting-edge technology. The industry's growth trajectory is expected to be around 15% annually over the next decade, which we consider our base case. Throughout the year, we have been in close dialogue with our vast partner network, and they share this view of the market.

However, we see increasing demand from our partners for adjacent areas within the risk management space, and we believe that both horizontal and vertical expansion are areas to look at to keep up with growth. Achieving additional growth will rely on two key strategies:

  1. Expanding our partner network - onboarding new partners as providers for future clients and migrating existing customer bases to the Safeture platform.

  2. Strengthening our partner network - Working with partners to increase deal flow.

AI has been a great contributor to scaling operations, from product development to marketing and sales outreach. With our combined experience and vast pool of proprietary data, we are well-positioned to continue leveraging our strengths.

Year-End Report October - December 2025 4



‌Safeture

Message from the CEO "Full-year profitability and strong cash-flow"

Stay safe in 2026

For several years, we have been collaborating with risk intelligence provider Riskline. In November, we launched the Safeture Risk Map 2026, supported by a global marketing and PR campaign. It has now generated 675 press clippings in 87 countries, 2,000 downloads, and 240 leads. Leads we can present to our partner network.

You can download the 2026 Risk Map here: https://safeture.com/riskmaps/

In 2026, Safeture will remain focused on sustainable profitability, innovation with our partners and their clients, and expanding our market foothold. With a strong foundation in place, we are confident in our ability to deliver long-term value for our stakeholders.

Magnus Hultman, CEO at Safeture Lund - February 13th, 2026



Year-End Report October - December 2025 5



‌Safeture

Key Figures - Quarterly Trend

25Q4

25Q3

25Q2

25Q1

24Q4

24Q3

24Q2

24Q1

Operating Revenue

14 288

14 123

13 975

14 565

14 571

14 308

13 898

13 627

Cost of Sales

-2 746

-2 894

-3 034

-3 086

-3 129

-3 014

-2 831

-2 726

Gross Margin

11 543

11 229

10 941

11 479

11 441

11 294

11 067

10 901

Gross Margin %

81%

80%

78%

79%

79%

79%

80%

80%

OPEX & Other Revenue

-12 419

-10 580

-11 865

-12 174

-11 436

-11 142

-11 495

-11 608

Capitalization own work

2 563

1 819

2 372

2 569

2 066

1 665

1 917

1 872

Depreciation

-1 468

-2 223

-1 825

-1 743

-1 794

-1 691

-1 640

-1 584

EBIT

218

244

-376

131

278

125

-152

-419

EBIT%

+2%

+2%

-3%

+1%

+2%

+1%

-1%

-3%

Result after financial items

399

374

-249

261

909

175

-157

-419

Cashflow - Operating Activities

4 138

5 526

-518

7 381

4 008

2 433

2 478

3 097

Cashflow - Investing Activities

-2 563

-1 819

-2 372

-2 569

-2 144

-1 665

-1 917

-1 872

Cashflow - Financing Activities

0

0

68

0

0

0

216

10

Cashflow

1 576

3 707

-2 823

4 812

1 864

768

778

1 235

Cash

31 058

29 482

25 775

28 598

23 786

21 922

21 154

20 376

ARR

58 255

57 341

55 754

57 011

58 020

58 300

57 001

54 174

Quarterly Churn

2,1%

0,6%

2,2%

2,3%

5,0%

0,8%

0,8%

4,1%

Yearly NRR

101%

96%

97%

100%

98%

104%

103%

108%

Operating Revenue YoY

-2%

-1%

1%

7%

-1%

15%

25%

28%

ARR YoY

0%

-2%

-2%

5%

8%

16%

17%

23%

Year-End Report October - December 2025 6



‌Safeture

Highlights & Significant Events

Business Highlights during Q4 2025

  • Safeture announced a strategic partnership with Sicuro Group, a Dubai-headquartered operational risk management consultancy and travel risk management provider with over two decades of experience and response network across more than 140 countries.

  • Safeture announced a new partnership with Arrive Agencies, marking the first collaboration of its kind since Safeture's

    integration with Amadeus.

  • Safeture announced a strategic partnership with Selective Travel Management (STM), UK-based Travel Management Company with global reach.

  • Safeture, announced a new strategic partnership with Travelpool Europe, a member-owned shared service center for travel

    procurement, offering smarter ways to buy and manage business travels worldwide.

    Significant events during Q4 2025

  • There were no significant events during the period.

    Significant events after the period close

  • There were no significant events after the period close.

    Year-End Report October - December 2025 7



    ‌Safeture

    About Safeture

    About 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 including on-site consultants) in the company during the fourth quarter of 2025 amounted to 33 (32). The average number of employees (full time equivalents) in the company during the fourth quarter of 2025 amounted to 30 (29).

Year-End Report October - December 2025 8



‌Safeture

Financial Review

Revenue

Operating Revenue

Recurring Revenue

Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 25Q1 Q225 Q325 Q425

Operating Revenue in Q4 reached 14 288 (14 571) KSEK, a decline with -2% YoY (+2% at constant exchange rates).

14 731

13 627

13 898 14 308

14 571 14 565

13 975

14 123

14 288

12 438

10 668

11 076

14 159 14 193

14 423

12 262

12 381

12 692

13 727

13 778

14 102 14 167

10 659

11 011

Foreign exchange movements had a negative impact again in Q4, as the Swedish krona strengthened significantly against the USD, EUR and GBP. This created headwinds for reported revenue compared to previous periods; however, we still achieved a sequential increase. As a Swedish exporter with high exposure (92%) to foreign currencies, we are naturally sensitive to foreign exchange fluctuations.

The Recurring Revenue represents 99% (97%) of the quarterly operating revenue in Q4 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.

Year-End Report October - December 2025 9



‌Safeture

Financial Review Fixed CoS Variable CoS

80%

78%

80% 80%

79%

79% 79%

78%

80%

81%

75% 76%

Gross Margin %

Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425

Margins & Result

Gross margin improved during the quarter. The positive development was driven by a favourable mix from new ARR, usage-based billing and one-time revenue, as well as lower cost in the quarter, all of which supported margin expansion. On the cost side, we benefited from lower variable costs, while also gaining from the stronger Swedish krona in Q4, which reduced procurement costs in EUR and USD.

EBIT

125 278 131

244 218

-152

-419

-376

-700

-1 589

-1 899

A sequential stronger revenue, strong gross margin along with operating expenses in line with expectations allowed us to deliver another quarter of positive result. EBIT amounted to a positive +218 KSEK in Q4.

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.

-2 497

Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 25Q1 Q225 Q325 Q425

Year-End Report October - December 2025 10



‌Safeture

SaaS Metrics

Annual Recurring Revenue (ARR) Trend

Quarterly Development (KSEK)

57 001 58 300 58020 57 011 55 754 57 341 58 255

Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425

Base Growth/Decline

Annual Recurring Revenue (ARR)

53 527 54 174

48 623

50 332

43 978

The Annual Recurring Revenue (ARR) reached 58 255 KSEK in Q4, a small increase with +0,4% compared to corresponding quarter last year.

Despite continued pressure on recurring revenue from foreign exchange movements, new ARR generation and a stable churn helped offset the currency impact, resulting in a sequential ARR growth for the second consecutive quarter.

ARR development compared to Q4 last year and previous quarter was +235 KSEK and +914 KSEK respectively.

New ARR order value during Q4 originated 76% from the partner network, through new partners or upsell from established partners.

Year-End Report October - December 2025 11



‌Safeture

SaaS Metrics

KSEK

Q123

Q223

Q323

Q423

Q124

Q224

Q324

Q424

Q125

Q225

Q325

Q425

Recurring Revenue

10 659

11 011

12 262

12 381

12 692

13 727

14 159

14 193

14 423

13 778

14 102

14 167

Recurring Revenue/ Total Operating Revenue

100%

99%

99%

84%

93%

99%

99%

97%

99%

99%

100%

99%

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

58 255

Quarterly Churn *

1,5%

1,9%

0,5%

0,2%

4,1%

0,8%

0,8%

5,0%

2,3%

2,2%

0,6%

2,1%

Yearly NRR **

109%

116%

113%

117%

108%

103%

104%

98%

100%

97%

96%

101%

* 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.

Recurring Revenue Quarterly Churn

Upsell Logo Churn

Revenue Churn NRR Yearly (LTM)

1,9%

1,5%

0,2%

0,5%

4,1%

0,8%

2,2%

2,1%

0,6%

2,3%

5,0%

0,8%

109%

113%

117%

108%

103%

104%

98%

100%

97%

96%

101%

116%

Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425

Year-End Report October - December 2025 12



‌Safeture

Cashflow

29 482

399

1 859

1 880

0

31 058

-2 563

Q4 Cash Development

7 662

68

31 058

23 786

785

-9 323

Q3 2025

Result after

Adj. for

Change in

Investm.

Financing

Q4 2025

financial items

Depr.

Working Cap

Activities

Activities

& Other

2025 Full Year Cash Development 8 080

Liquidity

As of December 31st 2025, cash in the bank amounts to 31 MSEK. The Q4 cash-flow was positive, amounting to +1,6 MSEK. Since the beginning of the year, the net cash has increased with +7,3 MSEK.

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.

Investments

Q4 investments amounted to 2 563 (2 066) KSEK. The investment consists of capitalized platform development costs.

Solidity

The solidity of the Group as of December 31st, 2025 compared to last year

corresponding quarter, was 51% (54%).

Q4 2024 Result after

financial items

Adj. for

Depr. & Other

Change in

Working Cap

Investm.

Activities

Financing

Activities

Q4 2025

Year-End Report October - December 2025 13



‌Safeture

The Safeture Share

The company is listed on Nasdaq First North Growth Market in Stockholm under the abbreviation, "SFTR". As of December 31st, 2025 the Company has 39 289 392 (39 147 043 ) shares. The average number of shares during Q4 2025 amounted to 39 289 392 (39 147 043 ).

The list below shows the ten largest shareholders, and the number of shares they own in Safeture AB as of December 31st, 2025.

Amount of

shares

%

Agartha AB

15 252 704

38,8%

Topline Capital

7 408 683

18,9%

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

785 346

2,0%

Magnus Hultman (CEO)

558 822

1,4%

Joseph Aroyan

535 549

1,4%

Client Omnibus

491 794

1,3%

Others

4 771 467

12,1%

TOTAL

39 289 392

100%

Others

Flemming Breinholt (Chairman of the Board)

Daniel Oredsson

Ninalpha AB

Topline Capital

Agartha AB

Year-End Report October - December 2025 14



‌Safeture

Share Options

Share 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.

Year-End Report October - December 2025 15



‌Safeture

Other

Related Party Transactions

During the fourth 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 Safeture AB.

Audit

The Year-End Report has not been audited by the Company´s auditors.

Financial calendar

The company establishes and publishes a financial report every quarter.

Reports are available on the company web page: https://investor.safeture.com/financial-reports-presentations/

General accounting principles

Q1 Interim Report 2026

General Meeting 2026

2026-04-24

2026-05-28

The Year-End Report has been established in accordance with

Q2 Interim Report 2026

2026-07-17

Årsredovisningslagen (1995:1554) and BFNAR 2012:1, Årsredovisning

Q3 Interim Report 2026

2026-10-22

och koncernredovisning (K3). General accounting principles applied is

coherent with the accounting principles used when establishing the

Upcoming General Meeting and reports are planned according to below: Annual Report 2025 2026-03-27

2024 Annual Report.

Certified Adviser

Redeye is the Certified Adviser of Safeture.

Year-End Report October - December 2025 16



‌Safeture

Proposal of allocation of available earnings

The Board of Directors proposes, that the total sum available for appropriation,

consisting of (KSEK):

Retained earnings carried forward from previous year

-184 904

Share premium reserve

189 943

This Year's Result after financial items

785

Total sum available for appropriation

5 824

Is disposed so that it is carried forward in full

5 824

Year-End Report October - December 2025 17



‌Safeture

Income Statement

KSEK

Q4 2025

Q4 2024

2025-01-01

2024-01-01

2025-12-31

2024-12-31

Operating Revenue

14 288

14 571

56 952

56 403

Own work capitalised

2 563

2 066

9 323

7 520

Other operating revenue

233

622

1 038

2 168

Total Revenue

17 084

17 258

67 313

66 091

Operating Expenses

-14 809

-14 615

-57 465

-57 888

Other operating expenses

-589

-572

-2 371

-1 661

Depreciation

-1 468

-1 794

-7 260

-6 709

Total Expenses

-16 866

-16 980

-67 095

-66 258

Operating Result

218

278

218

-167

Net financial items

181

631

567

675

Result after financial items

399

909

785

507

Tax

0

0

0

0

Result after tax

399

909

785

507

Year-End Report October - December 2025 18



‌Safeture

Balance Statement

Assets Equity & Liabilities

KSEK

2025-12-31

2024-12-31 KSEK 2025-12-31 2024-12-31

Fixed Assets

Restricted Equity

Intangible Assets

20 354

18 478 Share Capital 3 143 3 132

Tangible Assets

0

215 Fund for Dev. cost 20 283 18 095

Fixed Assets

20 354

Non-restricted Equity

18 693 Share Premium 189 943 189 085

Retained Earnings -184 904 -182 423

Current Assets

Result for the period 785 507

Short-term Receivables

5 569

9 725 Equity 29 250 28 397

Cash & Bank

31 058

23 786

Short-term Liabilities 27 729 23 807

Current Assets

36 627

33 511 Long-term Liabilities 0 0

Assets

56 980

52 204 Equity & Liabilities 56 980 52 204

Year-End Report October - December 2025 19



‌Safeture

Cashflow

2025-01-01

2024-01-01

KSEK

2025-12-31

2024-12-31

Operating Result

218

-167

Adjustment for Depreciation & Other items

7 662

7 211

Interest Received /Paid

567

675

Cashflow from Operating Activities before changes in Working Capital

8 447

7 718

Cashflow from changes in Working Capital

8 080

4 298

Cashflow from Operating Activities

16 527

12 017

Cashflow from Investing Activities

-9 323

-7 598

Cash flow from Financing Activities

68

226

Cashflow of the period

7 272

4 645

Cash at the beginning of the period

23 786

19 141

Cash at the end of the period

31 058

23 786

Year-End Report October - December 2025 20



‌Safeture

Changes in Equity

KSEK

Share Capital

Fund for

development costs

Share Premium

Ret. Earnings incl. Result

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

729

-729

0

Result after financial items for the period

507

507

2024-12-31

3 132

18 095

189 085

-181 916

28 397

2025-01-01

3 132

18 095

189 085

-181 916

28 397

Issue of new shares

11

857

868

Repurchase share options

-868

-868

Issue of new share options

68

68

Reposting

2 188

-2 188

0

Result after financial items for the period

785

785

2025-12-31

3 143

20 283

189 942

-184 119

29 250

Year-End Report October - December 2025 21



‌Safeture

Data per Share

2025-10-01

2024-10-01

2025-01-01

2024-01-01

2025-12-31

2024-12-31

2025-12-31

2024-12-31

Number of shares before dilution (at period end)

39 289 392

39 147 043

39 289 392

39 147 043

Number of shares after dilution* (at period end)

39 289 392

39 853 043

39 289 392

39 853 043

Average number of shares before dilution

39 289 392

39 147 043

39 218 218

39 147 043

Average number of shares after dilution*

39 289 392

40 008 710

39 571 218

40 113 043

Number of shares at period end

39 289 392

39 147 043

39 289 392

39 147 043

Earnings per share before dilution

0,01

0,02

0,02

0,01

(calculated on average number of shares)

Earnings per share after dilution*

0,01

0,02

0,02

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 31/12 2025, are

"in the money", i.e., where the exercise price is below the closing price of the share."

Year-End Report October - December 2025 22



‌Safeture

Definitions and Key Metrics

Operating 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.

Year-End Report October - December 2025 23



‌Safeture

Definitions and Key Metrics

Other 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.

Year-End Report October - December 2025 24



‌Safeture

Submission of Year-End Report

The Board of Directors, through the Chief Executive Officer, certify that the Year-End 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 - February 13th, 2026 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

Year-End Report October - December 2025 25