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Q3 2026 LINK Mobility Group Holding ASA November 4, 2026 Financial presentation linkmobility.com
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The statements contained in this presentation may include forward-looking statements, such as statements of future expectations regarding the Company's results of operations, financial condition, liquidity, prospects, growth and strategies. These statements are based on the management's current views and assumptions and involve both known and unknown risks and uncertainties and assumptions that are within and outside the management's control. Although the company believes that the expectations implied in any such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct. Actual results, performance or events may differ materially from those set out or implied in the forward-looking statements. No representation is made that any of these forward-looking statements or forecasts will come to pass or that any forecast result will be achieved. The forward-looking statements included in this presentation represent the company's views as of the date of this presentation and subsequent events and developments may cause the company's views to change. The company disclaims any obligation to update forward-looking information except as required by law. Readers should not place undue reliance on any forward-looking statements. This presentation and the information contained herein is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This presentation contains alternative performance measures, or non-IFRS financial measures. Definitions and calculations are presented on www.linkmobility.com in the financial report. This presentation is subject to Norwegian law, and any dispute arising in respect of this presentation is subject to the exclusive jurisdiction of Norwegian courts with Oslo as legal venue. Interim report Q3 2026 DISCLAIMER 2
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3 Interim Report Q3 2026 Q3 2026: Back to high single-digit organic growth KEY HIGHLIGHTS Third quarter delivered in the high end of expectations • Organic gross profit growth improved 5pp QoQ to 7%, in the high end of expectations • Net retention improved YoY and QoQ to 103% supporting high single-digit total growth • Organic adj. EBITDA growth of 7% - a sequential improvement of 8pp QoQ Raised H2’26 guidance with strong outlook into 2027 • H2'26 organic gross profit growth guidance raised to high single digits • Continued strong LTM contract wins improve visibility • CPaaS contracts wins scale and initial RCS launch in Sweden in September • Current trends and momentum support high single-digit organic GP growth for 2027 Reported financials NOKm Q3’25 Reported Organic growth (stable FX) Growth (%) 0 7% Gross margin % 23.7 % 0,2pp Adj. EBITDA 195 13 Adj. EBITDA margin % 11.5 % 0,1pp Growth (%) 0 7% Q3’26 Organic 0 23.9 % 209 0 Acquired 0 70 0 Gross profit 401 27 428 81 Q3 26 Reported 484 21% 24,1 % 268 37% 13,3 % Currency effects -25 -11 Continued strong commercial momentum Outlook raised for second half, with strong momentum into 2027 Targeting increased shareholder distribution for 2026 • Strong contract wins of NOK41 million in seasonally low quarter • CPaaS close to 50% of contract wins indicating demand for new solutions • Mix shift toward higher-margin solutions expected to drive long-term value creation • Agent ecosystems and AI-supported messaging will strengthen volume growth Organic gross profit growth returned to historical average level • Expected shareholder distribution of NOK 330-400 million for fiscal year 2026 • Share buybacks and bolt-on M&A remain preferred capital allocation at current valuation • M&A execution during Q3 strengthening presence in Spain and LATAM Q1’26 Q2’26 Q3’26 H2’26e 2027e -1% 2% 7% High single digits 11,6 %
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4 Interim Report Q3 2026 Another strong quarter for contract wins despite normal summer seasonality CPaaS represented close to 50% of contract wins in the quarter CPaaS continues to gain share ✓ CPaaS represented 49% of total contract wins ✓ Strong growth in CPaaS and OTT contract wins >50% ✓ Continued shift towards higher-value, software-enabled customer engagement solutions Attractive growth verticals ✓ Well positioned in several large and structurally growing verticals ✓ Strong recent growth driven by Retail & E-commerce and Media Gross profit contribution from new contract wins¹ Key drivers of growth Gross profit from new CPaaS contract wins & OTT split 16 24 27 24 30 24 29 31 21 11 14 15 26 13 16 19 22 20 16 24 27 24 30 24 29 31 21 11 14 15 26 13 16 19 22 20 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 27 38 42 50 43 40 48 53 41 -4% CPaaS SMS A2P NOKm NOKm 9 13 4 7 9 13 4 7 9 13 4 7 Q3 25 Q3 26 13 20 +58% Other CPaaS OTT 4 6 4 5 4 6 4 5 4 6 4 5 0.3 Q3 25 1 Q3 26 9 13 +52% Whatsapp Viber RCS 1Historically 75% of gross profit recorded in P&L within 12 months – figures exclude SMSPortal and are in stable currency Strong contract wins despite seasonal summer effect ✓ Strong contract wins despite typical low Q3 seasonality ✓ Contract activity remained robust through the summer months ✓ Commercial pipeline and customer demand remain healthy
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5 Interim Report Q3 2026 WHY NORDICS SHOULD SCALE FASTER ON RCS ADOPTION Market readiness Advanced digital messaging market LINK readiness Proven commercial and operational playbook from France AI readiness AI simplifies content creation and campaign setup, accelerating RCS adoption Customer readiness Demand already built through pilots, POCs and early testing Tele2 - first Swedish operator to activate RCS on iPhone in September Expected catalyst for broader Nordic operator rollout NORDIC RCS INFLECTION POINT PROVEN RCS -ROLLOUT IN FRANCE Additional operator launches expected in Q1’27 Expands addressable reach across Nordics Unlocks broader commercial adoption of RCS RCS volumes France (millions) The market is ready, customers are ready and LINK is ready RCS rollout begins in the Nordics – potential to replicate and accelerate the French success story 6 27 42 80 80 2022 2023 2024 2025 2026e ~0
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6 Interim Report Q3 2026 AI as a structural tailwind for LINK: Driving volume, Value-Add Solutions & Enterprise Reliance 1 2 1.1 AI creates multiple structural, long-term tailwinds for LINK LINK’s competitive AI offering: Why LINK will benefit Recognized as a Leading Challenger in Conversational AI by Juniper Research (2026) Illustration: AI removes the human capacity constraint AI makes it easier to respond, enabling more frequent and multi -turn interactions. AI increases messaging volumes AI agents increase transaction frequency and multi-turn interactions. AI drives conversational adoption AI-driven interactions require richer, two-way communication, accelerating the shift to channels like RCS and WhatsApp. AI increases communication complexity More AI agents and channels increase complexity and strengthen the need for one trusted provider to orchestrate customer communication. AI makes trust increasingly valuable Rising fraud, spam and impersonation risks increase the value of trusted communication. Intelligent AI orchestration Orchestrate AI-powered customer interactions across channels through MyLINK Connect. Competitive AI engagement Create richer campaigns and conversational experiences faster with AI-powered templates, tools and intelligent suggestions. Trust as a moat Trust built over 25 years becomes increasingly valuable and difficult to replicate as AI amplifies fraud and spam risks. Established customer base Long-standing customer relationships provide a strong platform to scale new AI-powered solutions. Stuart Check my calendar. Can you propose a reply to the airline? 09:16 AI agent You’re available at 14:20. Shall I reply with this? Yes, the new time works for me. Please confirm the booking. 09:16 Stuart Yes, please. 09:17 AI agent Message sent via RCS. 09:17 AI agents do not replace the need to reach the end customer - consumers remain the decision-makers even when AI agents help manage interactions. Businesses Retail, financial services, travel, healthcare and more. Consumers The same channels they use with family and friends. Trusted personal channels SMS RCS WhatsApp and more Hi Stuart, Your flight to Paris tomorrow has been moved to 14:20. Would you like to rebook your connection? 09:15 View options Contact support Airline RCS RCS message
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7 Interim Report Q3 2026 SMSPortal: Domestic business growth offset by decline in international business Temporary headwind on international business in Q3’26 #1 in South Africa for A2P Messaging Market-leading technology platform 5,550+ customers with recurring usage 16 billion messages sent LTM proforma 33 employees based in 1 office in South Africa South African entities account for 90% of revenues SMSPortal at a glance Proforma Financials 1 Strong growth outlook Volume from new customers2 at 550m run-rate end of Q3’26 Gross Profit (NOKm) 1Preliminary management estimated proforma in stable currency. Subject to changes following integration into LINK’s accounting policies 2Based on expected monthly volumes Higher international business push in Q3’25 ✓ Seasonality did not replicate in Q3’26 ✓ Strong comps ease in Q4 High single-digit domestic growth gives confidence ✓ Supported by new logos added and existing base growth ✓ Run-rate of 550 mill SMS in new contracts implemented ✓ Healthy pipeline on SMS and growing on WhatsApp ✓ WhatsApp scaling into 2027 as new channel capability SMSPortal gross profit growth expected to improve ✓ Expect low-single digit gross profit growth in Q4’26 ✓ Run-rate on domestic business supports return to growth Domestic growth offset by headwind on international Annualized message volumes (millions) 79 82 82 77 78 77 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed curency -3% 79 82 82 77 78 7779 82 82 77 78 77 40 450 550 670 Q1 Q2 Q3 Remaining backlog to be implemented
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Planned shareholder distribution for 2026 Maintaining financial flexibility while returning capital to shareholders PLANNED 2026 SHAREHOLDER DISTRIBUTION1 NOK 330–400m Equivalent to NOK 1.16–1.40 per share2 In line with LINK’s shareholder distribution policy Share buybacks and subsequent cancellation are currently the preferred alternative at current valuation levels. Financial flexibility maintained ✓ Capacity for organic investments & M&A ✓ Growing shareholder returns ✓ Within max 2.0 to 2.5x leverage policy Expected distribution increasing to NOK 330–400m in 2027 NOK million ~11-12% cumulative reduction in shares outstanding3 Number of shares outstanding, million 0 100 200 300 400 500 FY2025 (paid 2026) FY2026 (payable 2027e) 300 400 330 +10-33% 306 285 269-272 200 250 300 350 2025 2026e 2027e -11-12% 2Based on current number of shares outstanding Interim Report Q3 20268 1Pending AGM approval 3Based on a share price of NOK 25/share
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9 Interim Report Q3 2026 Consistent M&A execution driving scale and market leadership Seven acquisitions since 2025, comprising six bolt-ons and one level-up acquisition, demonstrate a repeatable M&A playbook SMS Works Developed SME platform FireText Public sector reach and CPaaS platform SMSPortal New geographic footprint, best- in-class platform and local market leadership Web2SMS +22% combined market share KPM Solutions Local scale and customer reach Interactive Enterprise access and ~20% share LabsMobile 1,000+ customers and OTT cross-sell 2025 2026 WHAT THE ACQUISITIONS HAVE ACHIEVED Scale & geographic expansion Customer reach Attractive earnings contribution WHAT COMES NEXT Continue the playbook through selective bolt-ons in existing markets Strengthen market positions Prioritize selected existing markets Maintain an active pipeline Create value after closing Integrate, cross-sell and capture commercial and cost synergies UK UK SOUTH AFRICA ROMANIA ITALY SPAIN SPAIN / LATAM Stronger local positions and entry into South Africa BOLT-ON BOLT-ON LEVEL-UP BOLT-ON BOLT-ON BOLT-ON BOLT-ON LEVEL-UP ACQUISITION Broader enterprise, SME and public-sector exposure Earnings acquired at attractive valuations, with further upside from synergies Focus on actionable bolt-ons, ready to pursue level-up deals when market conditions align
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10 Interim Report Q3 2026 Value creation through organic growth and accretive M&A Key medium-term objectives – structural market opportunities support high single-digit gross profit growth Growth Profitability Capital allocation High single-digit GP growth Higher Adj. EBITDA growth Strong order intake and OTT growth over time support 2027 organic growth expectations Gross Profit growth Accretive M&A first priority • Beyond M&A, LINK expects growing shareholder distributions • NOK 330-400 million expected in share buybacks in 2027 for FY2026 Leverage policy of max 2.0 – 2.5x adj. EBITDA H2 2026: Organic gross profit growth expected at high single digits 2027: Current trends and momentum support continued high single-digit organic GP growth for 2027 Scalable business model Driving operating leverage
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11 Interim Report Q3 2026 linkmobility.com Q3 2026 Financials
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12 Interim Report Q3 2026 Organic revenue growth accelerated to 6%, driven by enterprise growth Reported revenue growth of 19% despite a 7% FX headwind, including NOK 327 million from M&A Reported revenue (NOKm) 327 324 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 Fixed currency 1,694 1,980 2,005 2,050 2,011 2,120 +6% +19% Organic Acquired *The M&A contribution breakdown is provided in the appendix of the presentation Organic enterprise revenue growth at 10% and up 4pp QoQ in stable FX ● Improved growth momentum across all enterprise regions supported by volume • Improved growth momentum QoQ across all enterprise regions ● Global Messaging revenue declined 6% on a few large clients while mix improved ● Negative currency effects of -7pp on growth or NOK 111 million from NOK appreciation Reported revenue growth of 19%, including M&A contribution ● Closed and consolidated acquisitions contributes NOK 327 million in Q3’26 ● On a full pro forma basis and in constant currency, revenue grew by 5% Reported revenue growth Organic revenue growth Contribution from M&A in Q3’26 +19% +6% 327m Revenue development yoy (NOKm) 125 327 Q3’25 Enterprise Reported Q3’26 M&AFX effect -111 Organic Q3’26 stable currency Global Messaging -241.694 1.795 2.011 +6% +19%
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13 Interim Report Q3 2026 NRR and churn metrics improved QoQ and within normal range Organic Net Retention Rate has normalized by 14pp yoy supporting improved growth rates Enterprise and Global Messaging churn (%) Net retention rate (NRR) % 0.9 Q3 25 0.6 Q4 25 2.0 Q1 26 2.2 Q2 26 Q3 26 1.5 3.2 2.9 2.2 1.9 0.5 Enterprise churn Global Messaging churn 89 92 96 101 103 4 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 93 NRR reported Effect of terminated traffic Churn stabilizing at historical levels ● Reflecting the sticky nature of the business ● Diversified customer base and low customer concentration limit churn risk NRR improving QoQ and YoY ● Improvement in both enterprise and Global Messaging segment ● Medium-term target level of NRR of ~105%
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14 Interim Report Q3 2026 Organic enterprise growth improved 4pp QoQ to 7% NOK 23 million organic enterprise growth supported by volume growth ● Improved growth momentum driven mainly by Western Europe ● Stronger volume growth yoy across Western Europe countries Global Messaging returned to growth delivering 6% growth in stable FX ● Gross profit growth despite revenue decline from positive mix shift yoy M&A contributed NOK 81 million in gross profit in Q3’26 ● On a full pro forma basis and in constant currency, gross profit grew by 5% Organic margin expansion driven by mix in Global Messaging ● Enterprise margin impacted slightly by negative customer mix effects ● OTT channels delivering 2x margin of SMS >40% ● M&A with positive margin contribution mainly from SMSPortal acquisition Organic gross profit growth returned to high single digits in Q3 Reported gross profit growth of 21% despite a 6% FX headwind, including NOK 81 million from M&A Reported gross profit development yoy (NOKm) Reported gross margin development yoy (%) 81 Reported Gross Profit Q3 25 23 Reported Gross Profit Q3 26 FX effect 25 Organic Gross Profit Q3 26 (stable FX) Global Messaging 4 Enterprise 401 428 484 Acquired Gross Profit +7% +21% Q3 25 Reported GM% -0.2% Enterprise 0.3% Global Messaging 23.9% Q3 26 Organic GM% 0.1% FX effect 0.1% M&A contribution Q3 26 Reported GM% 23.7% 24.1 %
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15 Interim Report Q3 2026 Organic growth in adj. EBITDA of 7% supported by gross profit growth Reported adj. EBITDA growth of 37%, supported by NOK 70 million M&A contribution Reported Adj. EBITDA (NOKm) Adj. EBITDA margin development (%) Organic adj. EBITDA growth of 7% in line with GP growth ● Organic Adj. EBITDA growth of NOK 13 million in fixed currency • NOK 27 million from organic gross profit increase • Organic opex growth of 7% or NOK 14 million yoy • Mainly from ordinary inflation and growth-related increases Reported adj. EBITDA improved yoy from M&A ● Organic adj. EBITDA margin stable yoy ● SMSPortal main contributor with margin of 23% ● Negative currency effects of NOK 11 million from NOK appreciation ● Closed and consolidated acquisitions contributes NOK 70 million in Q3’26 ● On a full pro forma basis and in constant currency, adjusted EBITDA grew by 5% Reported adj.EBITDA margin Q3 25 0.2% Gross Profit margin -0.1% Opex margin 11.6% Organic adj.EBITDA margin Q3 26 0.0% FX effect 1.7% Acquired adj.EBITDA margin Reported adj.EBITDA margin Q3 26 11.5% 13.3 % 195 216 265 272 198 209 70 70 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 Fixed currency 268 278 7% +37% Organic Acquired
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16 Interim Report Q3 2026 Statement of Profit & Loss Non-recurring items of NOK 18 million ● M&A cost of NOK 14 million ● NOK 7 million related to SMSPortal retention program ● NOK 3 million related to closed acquisitions in 2026 ● NOK 4 million mainly from run-off costs and ongoing projects ● Restructuring NOK 4 million Depreciation and amortization NOK 132 million ● Amortization of intangible assets from R&D NOK 56 million ● Amortization of intangible assets from acquisitions (PPAs) NOK 70 million • Cost related to PPAs does not affect dividend capacity ● Depreciation of leasing and fixed assets NOK 6 million Finance expenses, net NOK 10 million ● Net currency gains of NOK 39 million ● Net interest expense of NOK 45 million • NOK 11 million non-cash item related to SMSPortal earn-out ● Other financial expense of NOK 3 million related to ZAR/EUR swap 1233 (82) (141) (42) 185 Gross profit Non-recurring costs Finance expenses, net Income tax Add: Adjustment for PPA amortization YTD 2025NOK in millions Q3 2026 Total operating revenues 2 011 Direct cost of services rendered Q3 2025 YTD 2026 1 694 6 066 5 103 (1 293) (4 599) (3 870) 484 401 1468 Operating expenses (206) (662) (627) Adjusted EBITDA 195 806 605 (18) (24) (62) EBITDA 171 743 523 Depreciation and amortization (132) (95) (392) (284) Operating profit 76 352 239 (10) (38) (71) Profit before income tax 109 38 281 98 (33) (21) (72) Profit from continuing operations 17 208 56 Profit (loss) from discontinued operations 54 (2) Profit (loss) for the period 17 263 54 70 63 210 Year 2025 7 083 (1 527) (5 389) 1694 (216) (873) 268 821 (103) 251 718 (401) 118 317 (187) 130 (44) 76 87 0 (2) 76 84 251 Adjusted profit for the period 146 81 338419 241 Less: Profit (loss) from discontinued operations 0 (54) 2 2 0 0
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17 Interim Report Q3 2026 Solid balance sheet with ample capacity for inorganic growth *Calculated according to bond agreement Cash of NOK 721 million and leverage of 1.9x adj. EBITDA Non-current assets up YoY from M&A offset by currency effects ● NOK 1.5 billion from M&A add-on ● Foreign currency revaluation and amortization impact underlying change Receivables and payable impacted by M&A ● Receivables includes NOK 204 million in acquisition effects ● Payables includes NOK 185 million in acquisition effects Cash balance of NOK 721 million in Q3’26 ● YoY decrease from M&A and share buy back of NOK 1.5 billion Long-term debt consists of EUR 245 million in bonds and RCF ● Average rate of 3-month EURIBOR +2.53% on bonds ● Outstanding NOK 218 million from RCF facility draw in Q2’26 Equity NOK 5,269 million and equity percentage of 53% Net interest-bearing debt* reported at NOK 2.1 billion ● Leverage at 1.9x adj. EBITDA impacted yoy by share buyback and M&A ● Below leverage policy of max 2.0-2.5x adj. EBITDA Cash and cash equivalents Long-term borrowings Trade and other payables Short-term borrowings NOK in millions Q3 2026 Non-current assets 7 703 Trade and other receivables Q3 2025 Year 2025 6 713 8 333 1 250 1 604 721 1 851 1 032 Total assets 9 814 10 970 Equity 5 487 5 733 2 648 2 610 2 637 Deferred tax liabilities 222 307 Other non-current liabilities 237 36 225 Total non-current liabilities 2 868 3 169 1 510 1 314 1 939 Other short-term liabilities 56 130 115 14 14 14 Total current liabilities 1 458 2 068 Total liabilities 4 326 5 237 Total liabilities and equity 9 814 10 970 1 581 10 005 5 269 270 3 156 1 580 4 736 10 005
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18 Interim Report Q3 2026 Cash flow from operations impacted by working capital build Working capital build in the quarter expected to normalize in Q4 63 43 29 40 Q2 26 Cash Q3 26 Cash 10 Interest paidM&AQ3 26 cash after free cash flow Lease payment 4 CapexOperating cash flow 764 780 721 Exchange rate impact on cash +2% QoQ cash development (NOK million) LTM Q3 cash flow from operations of ∼NOK 600m impacted by WC ● Working capital build in Q3 impacted by normal timing effects ● Expect working capital to normalize in Q4 ● Taxes paid up yoy from SMSPortal bi-annual payment NOK 33 million LTM adj. cash flow from operations of NOK 688 million ● Adj. EBITDA conversion rate of 67% impacted by working capital build ● Non-recurring costs mainly M&A due diligence and transaction costs Capex reflects mainly investments into CPaaS solutions ● Capex expected to decline slightly in 2026 following optimization measures ● Capex savings partly reinvested in AI to meet market demand Interest paid includes: ● Outstanding bonds and RCF ● Net cross-currency swap (EUR/ZAR) interest of NOK 7 million paid Interest received Non-recurring costs M&A Capex CF after capex, interest paid and leases NOK in millions Adj.EBITDA Q4’25 216 7 Other changes in working capital 82 Taxes paid (48) (21) Net cash flow from operating activities 236 Add back non-recurring costs M&A 21 Adj. cash flow from operations 257 (58) Interest paid and leases (34) 165 Q1’26 Q3’26 LTM Q3’26 265 268 1 022 6 4 20 (75) (140) (178) (58) (52) (175) (29) (17) (86) 109 63 601 29 17 86 138 81 688 (47) (43) (194) (44) (44) (153) 46 (6) 341 Q2’26 272 3 (45) (17) (19) 193 19 212 (46) (31) 136 Q2 26 Cash Q3 26 Cash 10 Interest paidM&AQ3 26 cash after free cash flow Lease payment 4 CapexOperating cash flow 764 780 721 Exchange rate impact on cash +2%
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linkmobility.com Q3 2026 Appendix
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20 Interim Report Q3 2026 Total LINK Revenue (NOKm) Gross Profit (NOKm) Org.growth ex.M&A +6% Adj. EBITDA (NOKm) *Netherlands moved from central Europe to Western Europe from Q1 2024 – historical segment financial have been updated accordingly Growth in fixed currency incl. M&A 327 324 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency 1,694 1,980 2,005 2,050 2,011 2,120 +25% 401 461 492 492 81 80 23.7% Q3’25 23.3% Q4’25 24.5% Q1’26 24.0% Q2’26 24.1% Q3’26 24.0% Q3’26 fixed currency 484 508 +27% Organic Acquired Margin Org.growth ex.M&A +7% Org.growth ex.M&A +7% 195 216 265 272 70 70 11.5% Q3’25 10.9% Q4’25 13.2% Q1’26 13.3% Q2’26 13.3% Q3’26 13.1% Q3’26 fixed currency 268 278 +42%
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21 Interim Report Q3 2026 Northern Europe 375 450 403 403 387 403 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency +7% 103 110 104 103 27.6% Q3’25 24.5% Q4’25 25.8% Q1’26 25.6% Q2’26 26.2% Q3’26 26.0% Q3’26 fixed currency 102 105 +1% 70 63 64 63 18.7% Q3’25 14.0% Q4’25 15.8% Q1’26 15.5% Q2’26 17.2% Q3’26 16.9% Q3’26 fixed currency 66 68 -3% Revenue (NOKm) Gross Profit (NOKm) Adj. EBITDA (NOKm) Org.growth ex.M&A +7% Org.growth ex.M&A +1% Org.growth ex.M&A -3% Growth in fixed currency
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22 Interim Report Q3 2026 Central Europe 503 559 518 540 525 567 Q3’25 Q4’25 Q1’26 Q2’26 26 Q3’26 29 Q3’26 fixed currency 552 596 +19% 141 153 142 146 28.1% Q3’25 27.4% Q4’25 27.5% Q1’26 27.1% Q2’26 26.1% 2 Q3’26 26.1% 3 Q3’26 fixed currency 144 156 +10% 96 108 101 105 19.0% Q3’25 19.3% Q4’25 19.6% Q1’26 19.5% Q2’26 18.3% 2 Q3’26 18.3% 2 Q3’26 fixed currency 101 109 +14% Revenue (NOKm) Gross Profit (NOKm) Adj. EBITDA (NOKm) Growth in fixed currency Org.growth ex.M&A +13% Org.growth ex.M&A +8% Org.growth ex.M&A +11% Organic Acquired Gross margin
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23 Interim Report Q3 2026 Western Europe 410 491 425 430 Q3’25 Q4’25 Q1’26 Q2’26 2 Q3’26 3 Q3’26 fixed currency 417 447 +9% 41 55 55 51 10.1% Q3’25 11.2% Q4’25 13.0% Q1’26 12.0% Q2’26 11.3% 0 Q3’26 11.3% 0 Q3’26 fixed currency 47 51 +22% Revenue (NOKm) Gross Profit (NOKm) Adj. EBITDA (NOKm) Growth in fixed currency incl. M&A Org.growth ex.M&A +8% Org.growth ex.M&A +11% Org.growth ex.M&A +21% 99 119 110 104 24.1% Q3’25 24.3% Q4’25 25.8% Q1’26 24.2% Q2’26 24.7% 1 Q3’26 24.7% 1 Q3’26 fixed currency 103 110 +11%
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24 Interim Report Q3 2026 Rest of the World (including South Africa) – proforma1 288 104 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency 315 288 280 298 292 +2% 79 27.4% Q3’25 26 25.9% Q4’25 28.3% Q1’26 27.5% Q2’26 26.1% Q3’26 26.2% Q3’26 fixed currency 82 82 77 78 77 -3% 69 24.0% Q3’25 23 22.8% Q4’25 25.1% Q1’26 24.0% Q2’26 22.8% Q3’26 22.9% Q3’26 fixed currency 72 73 67 68 67 -3% Proforma Acquired Gross margin Revenue (NOKm) Gross Profit (NOKm) Adj. EBITDA (NOKm) Pro forma growth +2% Pro forma growth -3% Pro forma growth -3% 1Preliminary management estimated proforma. Subject to changes following integration into LINK’s accounting policies
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25 Interim Report Q3 2026 Global Messaging 405 376 370 398 357 381 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q3’26 fixed currency -6% 57 52 54 61 14.1% Q3’25 14.0% Q4’25 14.7% Q1’26 15.4% Q2’26 16.1% Q3’26 15.9% Q3’26 fixed currency 57 61 +6% 40 35 36 43 10.0% Q3’25 9.2% Q4’25 9.6% Q1’26 10.7% Q2’26 10.5% Q3’26 10.3% Q3’26 fixed currency 37 39 -3% Organic Margin Revenue (NOKm) Gross Profit (NOKm) Adj. EBITDA (NOKm) Growth in fixed currency Organic growth in fixed currency -6% Organic growth in fixed currency +6% Organic growth in fixed currency -3%
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26 Interim Report Q3 2026 Agreements signed & customer accounts Growing base over time with ~70,000 customer accounts • SMSPortal acquisition added ~5,550 accounts in Q3’26 • Web2SMS, KPM Solutions and Interactive added ~450 accounts • High upselling potential for additional use-case to existing base • High commercial success rate in second sale (~68% win-rate) Customer accounts (‘000) 59 65 66 68 Q3 25 Q4 25 Q1 26 Q2 26 6 Q3 26 70 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 806 1,011 1,027 1,055 900 New agreements signed in quarter YoY growth in numbers of agreements signed • 900 new agreements signed (excl. SMSPortal) • 780 signed direct customer contracts • 33 signed partner framework agreements • 87 new partner customers
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27 Interim Report Q3 2026 CPaaS gross profit (NOKm)1 1Reflects CPaaS transaction gross profit only, excluding licenses 35% CAGR 65 84 126 152 2023 2024 2025 Q3’26 LTM CPaaS gross profit more than doubled since 2023
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28 Interim Report Q3 2026 Proforma and inorganic contribution from acquired entities Gross profit EBITDA adj. NOKm Country Revenue South Africa Company Inorganic contribution Q326 SMS Portal 298.3 Italy/Romania KPM Solutions/Web2SMS 26.3 2.3 Total revenue - 326.9 South Africa SMS Portal 78.0 KPM Solutions/Web2SMS 2.5 0.5 Total gross profit - 81.0 South Africa SMS Portal 68.1 Italy/Romania KPM Solutions/Web2SMS 1.9 Spain Interactive 0.4 - - Consolidated from Dec’25 Jun’26 - Dec’25 Jun’26 - Dec’25 Jun’26 Sep’26 Italy/Romania Sep’26 Sep’26 Spain Interactive Spain Interactive Proforma financials (NOKm) Q3 ’26 Revenue 2 016 LTM Q3 ’26 8 369 Gross profit 485 2 002 Adj.EBITDA 269 1 079 Total EBITDA adj. - - 70.5 -
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linkmobility.com/investors Q3 2026 Q&A