Ayfie International (AIX) investor relations material

Executive summary

• Subscription revenue grew 10.9% year-over-year to NOK 7.32 million, driven by new customer acquisition and expansion within existing accounts.

• Operating expenses decreased 18.8% year-over-year to NOK 15.65 million, reflecting a structurally lower cost base.

• EBITDA loss improved by 34% to NOK -8.33 million, and net operating cash outflow reduced by 52% to NOK -6.86 million compared to H1 2025.

• Deferred subscription revenue increased to NOK 7.22 million, equivalent to about six months of H1 revenue.

• Equity transactions after period-end raised NOK 9.34 million, turning pro forma equity positive and extending liquidity runway into 2027.

Financial highlights

• Total revenue: NOK 7.32 million (+10.9% YoY); all revenue was subscription-based.

• Operating expenses: NOK 15.65 million (-18.8% YoY); personnel expenses NOK 11.12 million (-14.4% YoY), other operating expenses NOK 4.53 million (-28.1% YoY).

• EBITDA loss: NOK -8.33 million (improved from NOK -12.68 million YoY).

• Operating loss (EBIT): NOK -8.35 million (improved from NOK -12.68 million YoY).

• Net cash outflow from operations: NOK -6.86 million (improved from NOK -14.35 million YoY).

Outlook and guidance

• Focus on accelerating recurring revenue through partner-led sales, with a historical 40% closing rate on qualified opportunities.

• Commercial launches of Ayfie Make and Ayfie ERP Agent in H2 2026 expected to drive recurring revenue growth into 2027.

• Structurally lower cost base and recent equity raise expected to fund operations into 2027; ambition to reach EBITDA break-even during 2027.