FY 2024 RESULTS

2024: A NEW YEAR OF PROFITABLE

GROWTH

_

2024 REVENUE: €21.0 million (+€1.5 million)

EBITDA: €11.6 million (+€0.2 million)

EBIT: €5.5 million (-€0.2 million)

NET INCOME: €4.5 million (+€0.3 million)

NET CASH (EXCLUDING LEASE LIABILITIES): €6.9 million (+€0.5 million)

_

STREAMWIDE (FR0010528059 - ALSTW - Eligible for French PEA-PME), the

expert in critical business and mission critical communications software solutions,

today announces a new fiscal year of profitable growth. As announced,

investments in the development of the team on mission and team on the run

solutions have led to a controlled increase in costs, particularly

in salaries.

This increase was offset by revenue growth, resulting in a net

income of

€4.5 million, up by +8% and representing a net margin of 21%.

in K€

FY 2024

%Rev

FY 2023

%Rev

Var. (K€)

Var. (%)

Revenues "Platforms"

14 658

70%

14 254

73%

404

3%

Revenues "Legacy"

6 346

30%

5 245

27%

1 101

21%

TOTAL REVENUES

21 004

19 499

1 505

8%

Payroll expenses

-7 513

36%

-6 444

33%

-1 069

17%

G&A and external expenses

-2 835

13%

-2 488

13%

-346

14%

Other expenses / products

990

-5%

877

-4%

113

13%

TOTAL EXPENSES before amortisation

-9 358

-8 056

-1 302

16%

EBITDA (*)

11 646

55%

11 443

59%

203

2%

Amortisation

-6 195

-5 818

-377

6%

EBIT (**)

5 452

26%

5 626

29%

-174

-3%

Other ope. expenses / products

-1

4

-1

Financial expenses / products

273

-270

543

Fiscal expenses / products

-1 232

-1 186

-46

NET RESULTS

4 492

21%

4 174

21%

318

8%

STREAMWIDE SA _ 84 rue d'Hauteville _ 75010 Paris France

T +33 1 70 22 01 01 _ F +33 1 45 23 43 74 _ M info@streamwide.com

SA au capital de 280 480,70 € _ RCS Paris 434 188 660

Page 1/6

_

SUSTAINED INVESTMENTS AND STABILITY OF OPERATING MARGINS

o 2024 Annual revenue of €21.0 million, up by €1.5 million (+8%):

The critical communications platforms team on mission and team on the run,

whose annual revenue increases by +3% (€14.7 million), account for 70% of the

Group's total annual revenue. This growth (+€0.4 million) is driven by numerous

new projects approved at the end of 2023 and deployed in 2024. Several of these

projects, located in France, Europe, and the Middle East, reflect STREAMWIDE's

strategy to diversify into the corporate market, expanding growth opportunities

beyond public safety. The revenue of the STORM project reaches €1.5 million in

2024, down by -€1.5 million compared to 2023. However, it is becoming more

recurring, thanks to income from support and maintenance of platforms in

production (multi-year support contract signed in May 2022). Revenue from the

partnership with Airbus Public Safety and Security (formerly SLC) also declined

slightly in 2024 (-€0.4 million) but remains stable following a contract

renegotiation in late 2023, covering the 2024-2026 period.

o EBITDA: €11.6 million

As announced, technical (architecture, performance, and robustness) and human

resources (architects and software engineers) investments have been sustained

for several months to strengthen sovereignty, security, compliance with industry

standards (notably 3GPP), and the scalability of STREAMWIDE's solutions. This

comes in a context where workstation ergonomics are set to evolve significantly

and integrate Artificial Intelligence (LLM). As a result, net payroll expenses

increased by €1.1 million (+17%) compared to the previous year but account for

only 36% of annual revenue, compared to 38% in the 1st half of 2024 and 33% in

2023.

Before the capitalization of personnel expenses related to product development

(€6.9 million vs. €5.3 million in 2023), the annual payroll (€14.4 million) increased

by +€2.7 million, mainly due to a rise in headcount. The Group had 225 employees

at the end of 2024, compared to 195 at the end of 2023. This net increase

(+30 employees), which was controlled and well-managed, is in line with the

forecasts announced at the end of 2023.

Other operating expenses also increased overall (+€0.3 million), directly linked to

the growth in headcount, which impacts general expenses. Additionally,

international team seminars were organized during the 1st half of 2024, leading to

an increase in travel and mission expenses (+€0.1 million). Recruitment fees also

rose (+€0.1 million) following the various hires made. Other general expenses

evolved in line with the number of employees within the Group during the 2024

financial year, representing 19% of gross payroll compared to 21% in 2023.

Excluding depreciation and after IFRS 16 restatement of rental costs (stable at

-€0.8 million), operating costs amount to €9.4 million compared to €8.1 million in

2023, an increase of +€1.3 million.

STREAMWIDE SA _ 84 rue d'Hauteville _ 75010 Paris France

T +33 1 70 22 01 01 _ F +33 1 45 23 43 74 _ M info@streamwide.com

SA au capital de 280 480,70 € _ RCS Paris 434 188 660

Page 2/6

The increase in depreciation in 2024 (+€0.4 million to €6.2 million) is mainly due

to depreciation related to development costs and the evolution of gross

capitalized values over several years (€5.5 million in 2022, €6.5 million in 2023,

and €7.6 million in 2024). Depreciation levels are expected to remain stable in the

coming months, depending on the various software versions developed and

deployed (two major versions per year). Depreciation related to lease rights

remains stable at €0.7 million in 2024.

After accounting for a positive financial result of €0.3 million - driven by the

favorable USD/EUR exchange rate movement during the period and returns on

financial investments made in 2024 (€0.5 million offsetting financial costs related

to bond and bank loans) - and a negative tax result (-€1.2 million, due to deferred

tax liabilities on capitalized development costs and payable taxes on period

earnings), net profit stands at €4.5 million, an increase of €0.3 million (+8%)

compared to 2023. This represents a stable net margin of 21%.

_

STRONG NET CASH POSITION AND SOLID FINANCIAL STRUCTURE

The total balance sheet stands at €54.0 million at the end of 2024, compared to

€48.4 million as of December 31, 2023 (see appendix below). The Group's financial

structure further strengthened as of December 31, 2024, with equity reaching

€24.6 million (+€2.1 million) and a strong net cash position of €6.9 million

(excluding lease liabilities), up by +€0.5 million. Gross cash amounted to

€15.0 million as of December 31, 2024.

In detail, positive operating cash flows (€10.6 million) increased by €4.0 million

compared to 2023, mainly due to changes in working capital requirements, while

recurring investments in product development (€7.7 million) remained strong,

rising by €1.3 million compared to 2023 (see appendix below). Financing cash flows,

which were positive in 2023 due to loans contracted in March 2023 (€7.5 million),

turned negative in 2024 (-€3.0 million), primarily due to debt repayments

(-€1.1 million) and share buybacks (-€2.1 million) carried out during the fiscal year.

STREAMWIDE SA _ 84 rue d'Hauteville _ 75010 Paris France

T +33 1 70 22 01 01 _ F +33 1 45 23 43 74 _ M info@streamwide.com

SA au capital de 280 480,70 € _ RCS Paris 434 188 660

Page 3/6

_

2025 OUTLOOK: INTERNATIONAL DEVELOPMENT, RECURRING REVENUE AND

ANOTHER YEAR OF PROFITABLE GROWTH

As stated in early February 2025, the currently anticipated level of annual revenue

for 2025 is satisfactory. While revenue growth is now assured, its scale remains

tied to the deployment schedule of various on-going projects and the signing of

potential new contracts by the end of the fiscal year.

During the last summer, the organization of the 2024 Olympic Games in Paris,

along with the security challenges they presented, enabled the Group to achieve

a significant global operational success. STREAMWIDE technologies were used by

all domestic security forces throughout the event, particularly during the opening

ceremony, which involved tens of thousands of agents on the ground. This

represents a major milestone and validates STREAMWIDE technologies in some

of the most demanding operational conditions. This reference will be very useful

internationally to promote team on mission and team on the run platforms in

the coming months.

After a successful year of sectorial diversification of revenue sources (Corporate

market vs. Public Security market) and profitable growth, the Group's goal for

2025 is to expand its international projects while further increasing the recurrence

of its revenue (commercialization in SaaS mode - Software as a Service). The

Group has the necessary financial resources to carry out these investments,

whether technological or human. It will continue its efforts to strengthen the

sovereignty, security, standardization, and scalability of its solutions while

maintaining sustainable and profitable growth.

The current business momentum in North America is promising for achieving this

goal, while the potential in the Middle East remains significant. New technical

partnerships and commercial projects are currently being negotiated or finalized,

demonstrating that the platform technology developed by the Group has

become indispensable for a majority of major players in the sector, both in the

public (government contracts) and private (private mobile networks and

associated services) sectors.

Recent developments in international diplomatic context may redefine

transatlantic relations and alliances, potentially leading to a significant increase in

European defense and security budgets. In this context, statements by certain

European leaders, if implemented, open a window of opportunity for the

financing and deployment of solutions such as those offered by STREAMWIDE.

Thanks to its proven technological expertise, the Group is ideally positioned to

respond to this emerging demand by offering its high-performing, innovative,

and sovereign solutions.

STREAMWIDE SA _ 84 rue d'Hauteville _ 75010 Paris France

T +33 1 70 22 01 01 _ F +33 1 45 23 43 74 _ M info@streamwide.com

SA au capital de 280 480,70 € _ RCS Paris 434 188 660

Page 4/6

in K€

HY 2024

FY 2023

Consolidated net result

4 492

4 174

Capacity of self financing before cost of debt and taxes

10 740

10 253

-Variation of working capital

601

-3 624

-Income taxes paid

760

-

Net operating cash flow

10 581

13 877

Change in fixed assets

-9 424

-6 944

Change in other cash flow linked to investment operations (CIR)

1 173

1 131

Net investing cash flow

-8 251

-5 813

Net financing cash flow

-2 994

3 465

Cash variation

-664

11 529

Cash at the end of the period

14 958

15 622

Contacts

Pascal Beglin | Olivier Truelle

Mathieu Omnes

Amaury Dugast

CEO | CFO

Investor Relations

Press Relations

T +33 1 70 22 01 01

T +33 1 53 67 36 92

T +33 1 53 67 36 34

investisseur@streamwide.com

streamwide@actus.fr

adugast@actus.fr

STREAMWIDE SA _ 84 rue d'Hauteville _ 75010 Paris France

T +33 1 70 22 01 01 _ F +33 1 45 23 43 74 _ M info@streamwide.com

SA au capital de 280 480,70 € _ RCS Paris 434 188 660

Page 6/6