Xplora (XPLRA) investor relations material

Executive summary

• Group revenue grew 11% year-over-year to NOK 376 million, with recurring services up 15% to NOK 92 million and subscriptions up 32% to 474,000.

• EBITDA increased 58% year-over-year to NOK 28 million, and EBITDA after CapEx rose to NOK 19 million.

• Cash balance improved 26% year-over-year to NOK 534 million, supported by a NOK 150 million share issue and NOK 144 million private placement.

• Launched XploraOne feature phone for children and completed Doro Connect webshop rollout in core markets, with major retail expansion underway.

• Announced agreement on key terms for the acquisition of Emporia Group to strengthen the senior market position in Germany and Austria.

Financial highlights

• Device revenue increased 10% year-over-year to NOK 284 million; service revenue rose 15% to NOK 92 million.

• Gross profit reached NOK 204 million, up 7%, but gross margin declined by 2 percentage points to 54% due to prior year extraordinary cost reversals.

• EBIT improved to NOK 10 million from a loss last year; profit before tax was NOK 48 million versus a loss of NOK 83 million last year.

• Net finance income of NOK 38 million, mainly due to non-cash FX gain on EUR acquisition loan.

• Capex reduced 44% year-over-year to NOK 9 million.

Outlook and guidance

• Targeting 1 million subscriptions by 2028–2029, with plans to add over 100,000 children/youth subscriptions annually and ramp up senior subscriptions via retail expansion.

• Premium services for seniors to launch in June (smartphones) and September (feature phones), aiming to boost ARPU and retention.

• Opex synergy target from Doro acquisition raised to NOK 50 million over 12–18 months.

• Continued exploration of inorganic growth opportunities, including Emporia acquisition expected to close in Q2 2026.