Slides
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SIILIⓇ ///// Siili Solutions Plc H1 2026 : Revenue and profitability decreased from the comparison period - actions to strengthen sales and profitability continue IMPACT . DRIVEN ΛΙ AI- POWERED
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2 End - to - end AI partner Advisory Design Data & AI Digital platforms & eCommerce AI - powered software development & engineering Delivery management Quality assurance & testing MAKE AI REAL Continuous solutions Services Industry Public Finance Automotive Our key markets Finland US UK Germany Key client sectors Innovation partner Car HMI Specialized SIILI companies Quality Assurance Integrations
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3 Strong and diversified client base // PRIVATE SECTOR // PUBLIC SECTOR
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Confidential Recent agentic solutions by Siili Modernizing 300,000 lines of code from a 1M LOC codebase Retrieval - Augmented Generation (RAG) based AI agent running on Microsoft Azure to support customer service operations in a regulated financial environment. Legacy modernization Large industrial manufacturer AI Agent for customer service LähiTapiola Finance Within data and AI projects, we deepened our partnership with Pihlajalinna during the year, with a particular emphasis on business - driven utilisation of data and AI. Business - Driven Data & AI Partnership Pihlajalinna Enterprise - grade AI search Aalto University Hybrid search and agentic AI for intelligent content discovery, summarization, and answer generation on top of Aalto's enterprise - grade multisite web platform. Siili co - designed AI native SDLC capability set to gain speed and efficiency in SDLC, and now turn plans into production and make new AI - powered ways of working stick. Speed and efficiency with AI to SDL Global industrial
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5 MAKE AI REAL
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Siili ’ s strategy 6 We build on our values: Ambition, Humane, Joy, Responsibility TARGET CUSTOMERS Large and medium - high digital maturity org FOCUS INDUSTRIES Finance, Industry, Public, Automotive KEY MARKETS Finland, UK, Germany
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MAKE AI REAL Siili’s strategy 7 Significant growth in Data and AI business Community of top talent 1 We ensure solid financial foundation and growth We build on our values: Ambition, Humane, Joy, Responsibility TARGET CUSTOMERS Large and medium - high digital maturity org FOCUS INDUSTRIES Finance, Industry, Public, Automotive KEY MARKETS Finland, UK, Germany 2 Pioneer in AI - powered development 3
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8 H1 & Q2 2026 Highlights
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9 H1 & Q2 Highlights ///// Announcing the change of Siili Solutions Plc’s CEO – process for appointing a new CEO is ongoing / Enhancing our overall offering to be in line with the market demand, and strengthening our sales //// Getting important wins and new client projects at the end of Q2 // Continuing group wide actions to improve profitability and boost sales // / Strengthening our strategic partnership network
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10 H1 2026 key figures Revenue / 50.1 M € (H1 2026) - 1 3 . 0 % vs H1 202 5 Adj. EBITA // - 0.4 M € (H1 2026) Adj. EBITA % - 0.7 ( 4.5 % in H1 2025) Share of international revenue /// 26.6 % (H1 2026) (26.1% in H1 2025)
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11 Q2 2026 key figures Revenue / 24.4 M € (Q2 2026) - 11 .8% vs Q2 2025 Adj. EBITA // - 0 .2 M € (Q2 2026) Adj. EBITA % - 0 .7 ( 4 .7% in Q2 2025) Share of international revenue /// 27.6 % (Q2 2026) (25.1% in Q2 2025)
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12 H1 2026 Financials
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13 Revenue growth H1 -13.0% -13.0% Total Organic • Revenue H1/26 at 50.1 MEUR which is 13% lower than in the second half of 2025 Revenue growth Q2 -11.8% -11.8% Total Organic • Revenue Q2 /26 at 24.4 MEUR which is -11.8% below the second quarter of 2025 More stabilized topline development – market continues to challenge 57,5 50,1 0 10 20 30 40 50 60 70 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 H1 2026 Siili Group revenue (MEUR) H1-H2 / 2017-2026 27,6 24,4 0 10 20 30 40 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Siili Group revenue (MEUR) by quarter Q1-Q4 / 2022-2026
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14 International revenue H1 -11.4% 26.6% Growth (%) Share of group • International revenue in H1/26 is at 13.3 MEUR • International revenue share is approx. 27% which is -11.4% lower compared against the first half of 2025 (in EUR terms) but slightly increasing compared against H1/2025 (in relative terms) International revenue share 26,1 % 26,6 % 0% 5% 10% 15% 20% 25% 30% 35% 0 2 4 6 8 10 12 14 16 18 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 H1 2026 International revenue (MEUR) and % of group revenue H1-H2 / 2017 - 2026 International revenue (left axis) % of group revenue (right axis)
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15 Adj. EBITA H1 -0.7% -5.2 pp Ebita margin Margin change • Adjusted EBITA -0.4 MEUR • Adjusted EBITA margin -0.7% Adj. EBITA Q2 -0.7% -5.4 pp Adj. Ebita margin Margin change • Adjusted EBITA -0.2 MEUR • Adjusted EBITA margin -0.7% Profitability decline stabilized towards end of Q2 2,6 - 0,4 4,5 % -0,7 % -2% 0% 2% 4% 6% 8% 10% 12% -1 0 1 2 3 4 5 6 7 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 H1 2026 Siili Group Adj. EBITA (MEUR) and Adj. EBITA % H1-H2 / 2017 - 2026 Adj.EBITA (left axis) Adj. EBITA % (right axis) 1,3 - 0,2 4,7 % -0,7 % -2% 0% 2% 4% 6% 8% 10% 12% -1 0 1 1 2 2 3 3 4 4 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Siili Group Adj. EBITA (MEUR) and Adj. EBITA % by quarter Q1-Q4 / 2022 – 2026 Adj.EBITA (left axis) Adj. EBITA % (right axis)
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16 Capacity adjusted during H1 900 823 132 106 0 200 400 600 800 1000 1200 1400 FY 2017 FY 2018 FY 2019 FY 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 H2 2025 H1 2026 Personnel and subcontractor development H1-H2 / 2017 - 2026 Headcount end of period Subcontractor FTE end of period Average headcount for the year
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17 Declined profitability shows in key figures, but overall financial position remains good *) including contingent consideration related to acquisitions and IFRS16 liabilities **) calculation methodology changed from annualized return to rolling 12-months return Siili Group key figures Cash and cash equivalents Net debt / EBITDA, x* Equity Ratio % ROI %** Gearing %* EPS, EUR H1 2026 10.3 2.79x 51.6 % -2.1 % 12.9 % -0.30 H1 2025 15.9 0.45x 49.9 % 5.3 % 7.8 % 0.09
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18 2026 priorities
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19 We continue to focus on ensuring profitable growth and strengthening the strategy implementation Reorganizing the sales organisation at the end of 2025 and strengthening further during H1 2026 is showing positive results We are on the right track with our actions to strength en our offering to better meet clients ’ current needs, and this work continues Strong focus on international growth – investing in acquiring new clients as well as extending the existing client relationships
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20 Guidance for 2026 was updated on 6 August
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21 The financial guidance of revenue for 2026 is estimated to be EUR 95 - 105 million and adjusted EBITA EUR 0.5 - 3.3 million. External guidance assumptions • Macro demand environment remains unchanged compared to 2025 • AI revolution will continue Long - term financial targets for the period 2026 – 2028 Growth Revenue growth 20% annually, organic growth 10% Leverage Net debt / EBITDA <2 maintain a healthy balance sheet Profitability EBITA margin of 12 % sustainable profitability improvement Dividend 30 – 70 % of net profit annually Guidance for 2026
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