White Pearl Technology Group (WPTG) Status Update summary

Performance and achievements

• Achieved strong results and organizational improvements, with consistent overachievement every quarter for the past three years.

• Upselling and positive client feedback highlighted as key indicators of customer satisfaction and business strength.

• People identified as the main strength, driving performance and results.

Strategic direction and acquisitions

• 2025 marked by an accelerated pace of acquisitions, not expected to be sustained; future acquisitions will be more selective and opportunity-driven.

• Expansion in Sweden and Europe seen as a multiplier, not a replacement, for profitable emerging market operations.

• Loan facility from Fenja Capital used primarily for acquisitions in Nordics and Europe, enabling timely and decisive action.

Financial management and capital allocation

• Fenja Capital loan considered non-dilutive and strategically valuable despite higher cost, supporting acquisition strategy.

• Profits from core markets fund organic growth, while loan facility targets inorganic growth in new regions.