Xplora Q3 25 Surpassed half a billion in quarterly revenue, with record-high EBITDA

"We report a solid year-on-year increase of 36% in our subscription base reaching a total subscription base of 443k. This yielded a 19% increase in service revenue to NOK 90m, corresponding to an ARR of NOK 358m" says CEO Sten Kirkbak. “With the Senior and Youth markets still in the early stages, the subscription opportunities are significant”, Kirkbak adds.

Gross margin increased to 52% in the quarter, supported by the introduction of new product series with lower cost of goods sold and channel optimization, generating a 122% year-on-year increase in gross profit to NOK 263m. EBITDA increased by 133% to NOK 72m, corresponding with an EBITDA-margin of 14%.

Year-to-date (YTD) 2025, group revenues reached NOK 1.3b, up 135% from the same period last year. Gross profit YTD was NOK 685m, a year-on-year increase of 146%, whereas EBITDA increased by 169% to NOK 140m.

“With our strong performance in Q3 and year-to-date, we have established a solid foundation for continued growth and expansion. At today’s Capital Markets Day, we will demonstrate how we intend to leverage these opportunities as we progress toward—and beyond—one million subscriptions,” says Kirkbak.

Building on this momentum, the roadmap and growth opportunities we will present at today’s CMD, and to support our long-term capital markets strategy, the board of directors of Xplora has decided to initiate a process for analysing alternatives for an uplisting from Euronext Growth to Oslo Stock Exchange, Nasdaq Stockholm or another regulated marketplace. The ambitions are that the process is completed within 12 months, subject to prevailing market conditions and regulatory approvals.

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The company will present the financial results for the third quarter and its strategic roadmap and ambitions on a combined Q3 presentation and Capital Markets Update today at 08:00-10:00 CET.

Program (all times in CET):
07:00: Publication of Xplora's Q3 2025 report on NewsWeb and Xplora IR website
08:00-08:30: Live and webcasted presentation of Q3 2025, followed by a brief Q&A
08:30-10:00: Live and webcasted Capital Markets Update with presentations by
CEO Sten Kirkbak, CFO Knut Stålen, CEO Doro AB Kjetil Fennefoss, CTO Sanghyo
Kim, and CMO Lise Platou af Ekenstam

The event will be webcasted live on the company's website at www.xplora.com/investor, and a recording will be made available after the event.

For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, sten.kirkbak@xplora.com
Knut Stålen, CFO +47 920 43 458, knut.stalen@xplora.com

The information contained in this statement has not been audited and may be subject to change. This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities. Trading Act section 5-12.

About Xplora Technologies AS:
Xplora is a platform and services company delivering technology solutions that enable families to stay connected and safe. The company designs smart devices and services for Kids, Youths, and Seniors, combining secure communication with services promoting physical activity and digital balance. Founded in Norway, Xplora pioneered the Kids' smartwatch category in Europe and has since expanded its offering to include phones and solutions for the Youth and Senior markets. This positions Xplora as a leading European platform for family-centric services. The company is headquartered in Oslo, Norway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker XPLRA.