Year-end Report Q4 2025
"Full-year profitability and strong cash-flow"
Safeture
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:
Expanding our partner network - onboarding new partners as providers for future clients and migrating existing customer bases to the Safeture platform.
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 EventsBusiness 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 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 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 ReviewRevenue
Operating RevenueRecurring 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 CoS80%
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 MetricsAnnual 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/DeclineAnnual 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 MetricsKSEK | 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 ChurnUpsell 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
Cashflow29 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 ShareThe 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 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.
Year-End Report October - December 2025 15
Safeture
OtherRelated 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 earningsThe 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 StatementKSEK | 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 | -67 103 | -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 StatementAssets | 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 | 18 693 | Non-restricted Equity 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
Cashflow2025-01-01 | 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 EquityKSEK 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 Share2025-10-01 | 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 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.
Year-End Report October - December 2025 23
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 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