Earnings release
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Cegedim 137 rue d’Aguesseau, 92100 Boulogne-Billancourt Tel.: +33 (0)1 49 09 22 00 www.cegedim.fr SA (corporation) with capital of €13,431,769.27 SIRET 350 422 622 00141 R. C. S. Nanterre B 350 422 622 Page 1 PRESS RELEASE Quarterly financial information as of September 30, 2026 IFRS - Regulated information - Not audited Cegedim: Like-for-like revenue rose 0.9% over the first nine months of 2026 • Third-quarter 2026 revenue of €155.9 million, up 1.2% like for like • Digitization, HR and third-party payer were the most dynamic businesses over the quarter • The Group maintains its target of 2% like-for-like growth for 2026 Boulogne-Billancourt, France, October 22, 2026, after the market close Revenue Third quarter Change Q3 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1)(2) Health & Provident Insurance 41.6 40.4 +3.0% +2.9% Business Services 47.6 43.5 +9.5% +9.5% Healthcare Professionals 32.6 32.3 +0.9% -0.4% Data & Marketing 28.2 27.7 +1.9% +2.0% Cloud & Support 5.9 9.8 -40.0% -40.0% Cegedim 155.9 153.7 +1.5% +1.2% First nine months Change 9M 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1)(3) Health & Provident Insurance 125.7 124.0 +1.4% +1.5% Business Services 143.3 135.2 +5.9% +6.0% Healthcare Professionals 97.3 97.8 -0.5% -1.0% Data & Marketing 93.3 91.1 +2.4% +2.4% Cloud & Support 21.1 28.0 -24.7% -24.6% Cegedim 480.7 476.1 +1.0% +0.9% Cegedim’s consolidated third-quarter 2026 revenues came to €155.9 million, up 1.5% as reported and 1.2% like for like(2) compared with the third quarter of 2025. Revenues for the first nine months of the year were up 1.0% as reported and 0.9% like for lik e compared with the same period in 2025. The digitization, HR and third-party payer businesses posted solid growth over the quarter. As anticipated, Cloud & Support revenues fell €3.9 million. The biggest contributors to growth since the start of the year were Business Services activities in France (HR and e-business), the third-party payer business in health and provident insurance, and the Marketing business in pharmacies. (1) At constant scope and exchange rates. (2) The positive scope effect of 0.3% was due to the acquisition of Médoucine. There was no currency impact. (3) The positive scope effect of 0.2% was due to the acquisition of Médoucine and its consolidation as of May 1, 2026. The negative currency impact of 0.1% was mainly due to the pound sterling.
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PRESS RELEASE Page 2 Analysis of business trends by Business Unit • Health & Provident Insurance The software business, which is non-recurring, grew at a similar pace in the UK and in France in the third quarter, and has posted slightly positive growth since the start of the year. Third-party payer revenue continued the growth trajectory seen in previous quarters, driven by its offering to support fraud detection and long -term illness (ALD) investigation , and by the go -live of new clients. BPO revenue rose in the third quarter thanks to renewed project activity, which partly offset the decline in business since the start of the year resulting from a decrease in the number of covered individuals at certain managed clients. • Business Services The HR services business grew in the third quarter in line with previous quarters, benefiting from the momentum of starting up contracts won in 2025 as a result of the diversification of its client base. The roll -out of e-invoicing on September 1 at companies affected by the first round of the reform enabled the e-business activity to further accelerate this quarter its already strong year- to-date growth. The BPO business continued to show very positive momentum in the third quarter, as it has since the start of the year, thanks to new client wins. • Healthcare Professionals Over the quarter, as since the start of the year, Cegedim Santé posted solid growth on the Maiia suite and the Claude Bernard database, but the decline in legacy solutions (higher attrition, retirements, etc.) weighed on its overall growth. Doctor software ex. France continued to be driven by Spain, notably thanks to the project in the Balearic Islands, as well as by the ramp-up of the new product for Belgium and solid momentum in Romania. Revenue with pharmacists fell over the quarter, as it has since the start of the year, mainly in France. This was an expected consequence of sales activity being affected by the 2025 restructuring. (1) At constant scope and exchange rates. Health & Provident Insurance Third quarter Change Q3 2026 / 2025 First nine months Change 9M 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1) 2026 2025 Reported Like-for-like(1) Software 15.9 15.7 +1.4% +1.3% 47.0 46.8 +0.6% +0.7% Third-party payer 11.5 10.8 +6.0% +6.0% 34.5 32.1 +7.4% +7.4% BPO 14.2 13.9 +2.3% +2.3% 44.2 45.1 -2.0% -2.0% Health & Provident Insurance 41.6 40.4 +3.0% +2.9% 125.7 124.0 +1.4% +1.5% Business Services Third quarter Change Q3 2026 / 2025 First nine months Change 9M 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1) 2026 2025 Reported Like-for-like(1) HR software 25.0 23.5 +6.5% +6.5% 75.1 71.3 +5.3% +5.2% E-business 16.5 14.5 +13.5% +13.4% 49.8 46.6 +6.9% +7.1% BPO 6.1 5.5 +11.8% +11.8% 18.4 17.3 +6.1% +6.1% Business Services 47.6 43.5 +9.5% +9.5% 143.3 135.2 +5.9% +6.0% Healthcare Professionals Third quarter Change Q3 2026 / 2025 First nine months Change 9M 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1) 2026 2025 Reported Like-for-like(1) Cegedim Santé 19.6 19.6 -0.1% -2.2% 57.4 58.0 -1.1% -2.3% Doctors ex. France 4.1 3.4 +19.1% +19.6% 11.8 10.2 +15.8% +16.3% Pharmacists 8.9 9.3 -3.7% -3.9% 28.1 29.6 -5.0% -4.3% Healthcare Professionals 32.6 32.3 +0.9% -0.4% 97.3 97.8 -0.5% -1.0%
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PRESS RELEASE Page 3 • Data & Marketing Data revenue posted similar growth over the quarter and since the start of the year, with France still on the rise and internation al business confirming its return to positive territory. In Marketing, ads in pharmacies also showed similar momentum over the quarter and over nine months. Business in France remains solid, following an outstanding 2025, and was complemented by the launch of the Spanish subsidiary, C-Media España. Cloud & Support Cloud & Support division revenue was down over the quarter and since the start of the year, as anticipated. This trend is attributable to the end, this quarter, of a second significant outsourcing contract, combined with a demanding comparison with a strong trading period in the third quarter of 2025. Q3 2026 highlights To the best of the company’s knowledge, there were no events or changes during the period that would materially alter the Group’s financial situation. Significant events post September 30, 2026 Cegedim received a first liquidation payment of €3.7 million from its UK subsidiary INPS. This amount represents a partial repayment of trade receivables and a current account that had been fully provisioned. Apart from the above, to the best of the company’s knowledge, there were no events or changes that would materially alter the Group’s financial situation. Outlook Based on the currently available information, the Group expects 2026 like -for-like(1) revenue growth to be above 2% relative to 2025. Adjusted operating income(2) should continue to improve substantially. --------------- WEBCAST ON OCTOBER 22, 2026, AT 6:15 PM (PARIS TIME) The webcast is available at: www.cegedim.fr/webcast The Q3 2026 revenue presentation is available at: https://www.cegedim.fr/documentation/Pages/presentation.aspx (1) At constant scope and exchange rates. (2) Alternative performance indicator. See pages 117-120 of the 2025 Universal Registration Document. Data & Marketing Third quarter Change Q3 2026 / 2025 First nine months Change 9M 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1) 2026 2025 Reported Like-for-like(1) Data 15.5 15.4 +0.8% +1.0% 44.6 44.1 +1.0% +1.1% Marketing 12.7 12.3 +3.3% +3.3% 48.7 47.0 +3.7% +3.7% Data & Marketing 28.2 27.7 +1.9% +2.0% 93.3 91.1 +2.4% +2.4% Cloud & Support Third quarter Change Q3 2026 / 2025 First nine months Change 9M 2026 / 2025 in millions of euros 2026 2025 Reported Like-for-like(1) 2026 2025 Reported Like-for-like(1) Cloud & Support 5.9 9.8 -40.0% -40.0% 21.1 28.0 -24.7% -24.6%
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PRESS RELEASE Page 4 Financial calendar 2027 January 28 after the close March 24 after the close March 25 at 10:00 am April 22 after the close June 18 at 9:30 am July 22 after the close September 23 after the close September 24 at 10:00 am October 21 after the close 2026 revenue 2026 results SFAF meeting Q1 2027 revenue Shareholders’ general meeting H1 2027 revenue H1 2027 results SFAF meeting Q3 2027 revenue Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx Disclaimer This press release is published in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim's authorized distributor on Octob er 22, 2026, no earlier than 5:45 pm Paris time. The figures cited in this press release include guidance on Cegedim's future financial performance targets. This forward-looking information is based on the opinions and assumptions of the Group's senior management at the time this press release is issued and naturally entails risks and uncertainty. For more information on the risks facing Cegedim, please refer to Chapter 7, “Risk management”, section 7.2, “Risk factors”, and Chapter 3, “Overview of the financial year”, section 3.6, “Outlook”, of the 2025 Universal Registration Document filed with the AMF on April 17, 2026, under number D.26-0260. About Cegedim: Founded in 1969, Cegedim is an innovative technology and services group specializing in the management of digital data flows for the healthcare ecosystem and B2B, as well as in the design of business software for healthcare and insurance professionals. Cegedim has nearly 6,500 employees in more than 10 countries and generated revenue of over €649 million in 2025. Cegedim SA is listed in Paris (EURONEXT GROWTH: ALCGM). To learn more please visit: www.cegedim.fr And follow Cegedim on X: @CegedimGroup, LinkedIn, and Facebook. Aude Balleydier Cegedim Media Relations and Communications Manager Tel.: +33 (0)1 49 09 68 81 aude.balleydier@cegedim.fr Damien Buffet Cegedim Head of Financial Communication Tel.: +33 (0)7 64 63 55 73 damien.buffet@cegedim.com Coralie Voigt Urban RP Agency Media Relations Tel.: +33 (0)6 16 11 08 86 coralie@urbanrp.fr Follow Cegedim:
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Cegedim 137 rue d’Aguesseau, 92100 Boulogne-Billancourt Tel.: +33 (0)1 49 09 22 00 www.cegedim.fr SA (corporation) with capital of €13,431,769.27 SIRET 350 422 622 00141 R. C. S. Nanterre B 350 422 622 Page 5 Annexes Revenue breakdown by quarter and Business Unit • Year 2026 in millions of euros Q1 Q2 Q3 Total Health & Provident Insurance 41.6 42.5 41.6 125.7 Business Services 48.0 47.7 47.6 143.3 Healthcare Professionals 32.1 32.6 32.6 97.3 Data & Marketing 30.2 34.9 28.2 93.3 Cloud & Support 7.7 7.5 5.9 21.1 Consolidated Group revenue 159.6 165.2 155.9 480.7 • Year 2025 in millions of euros Q1 Q2 Q3 Q4 Total Health & Provident Insurance 41.5 42.1 40.4 43.5 167.5 Business Services 46.6 45.2 43.5 46.2 181.5 Healthcare Professionals 33.0 32.5 32.3 35.9 133.7 Data & Marketing 29.9 33.6 27.7 36.6 127.8 Cloud & Support 10.3 7.8 9.8 10.8 38.7 Consolidated Group revenue 161.3 161.2 153.7 173.0 649.2 Revenue breakdown by geographic zone, currency and BU at September 30, 2026 as a % of consolidated revenues Geographic zone Currency France EMEA ex. France Americas Euro GBP Other Health & Provident Insurance 95.0% 5.0% 0.0% 95.0% 5.0% 0.0% Business Services 95.3% 4.7% 0.0% 96.5% 3.3% 0.1% Healthcare Professionals 75.4% 24.5% 0.1% 85.4% 10.5% 4.1% Data & Marketing 96.5% 3.5% 0.0% 98.3% 0.0% 1.7% Cloud & Support 99.7% 0.3% 0.0% 99.8% 0.0% 0.2% Cegedim 91.6% 8.3% 0.1% 94.3% 4.5% 1.2%