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H1 2025 08/25 www.river.tech Bringing your ideas to life
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Disclaimer CEO Statement Board of Directors Management T eam H1 2024 V 2025 Quarter on Quarter KPI Revenue Our Prducts and Solutions 03 04 06 07 08 09 12 13 H1 2025
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This presentation (the “Presentation”) has been produced by River Tech Plc (the “Company”) solely for use at presentations to potential investors and other stakeholders. By reading this Presentation or attending any meeting or oral presentation held innrelation thereto, you (the “Recipient”) agree to be bound by the following terms, conditions and limitations. The Presentation is for information purposes only and does not in itself constitute, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction. Information contained in this Presentation has not been independently verified. None of the Company or any of its parent or subsidiary undertakings or affiliates, or any directors, officers, employees, advisors or representatives of any of the aforementioned (collectively the “Representatives”) make any representation or warranty (express or implied) whatsoever as to the accuracy, completeness or sufficiency of any information contained herein, and nothing contained in this Presentation is or can be relied upon as a promise or representation by the Company or any of its Representatives. None of the Company or any of its Representatives shall have any liability whatsoever (in negligence or otherwise) arising directly or indirectly from the use of this Presentation or its contents, including but not limited to any liability for errors, inaccuracies, omissions or misleading statements in this Presentation. The Recipient will be required to conduct its own analysis and acknowledges and accepts that it will be solely responsible for its own assessment of the Company, the market, the market position of the Company, the Company’s funding position, and the potential future performance of the Company’s business and securities. The Company has not authorized any other person to provide Recipients with any other information related to the Company and the Company will not assume any responsibility for any information other persons may provide. An investment in the Company involves risk, and several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation, including, among others, risks or uncertainties associated with the Company’s business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation. An investment in the Company is suitable only for investors who understand the risk factors associated with this type of investment and who can afford a loss of all or part of their investment. This Presentation speaks as at the date set out on its front page. Neither the delivery of this Presentation nor any further discussions of the Company with the Recipient shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. The Company assumes no obligation to update or revise the Presentation or disclose any changes or revisions to the information contained in the Presentation. The contents of this Presentation shall not be construed as financial, legal, business, investment, tax or other professional advice. The Recipient should consult its own professional advisers for any such matter and advice. This Presentation contains certain forward-looking statements relating to inter alia the business, financial performance and results of the Company and the industry in which it operates. Any forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts and are subject to risks, uncertainties and other factors that may cause actual results and events to be materially different from those expected or implied by the forwardlooking statements. None of the Company or any of its Representatives provides any assurance that the assumptions underlying such forwardlooking statements are free from errors nor do any of them accept any responsibility for the future accuracy of opinions expressed in this Presentation or the actual occurrence of forecasted developments. 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The Company has not authorized any offer to the public of securities, or has undertaken or plans to undertake any action to make an offer of securities to the public requiring the publication of an offering prospectus, in any member state of the European Economic Area which has implemented the EU Prospectus Directive 2003/71/EC. In the event that this Presentation is distributed in the United Kingdom, it shall be directed only at persons who are either “investment professionals” for the purposes of Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or high net worth companies and other persons to whom it may lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person must not act or rely on this Presentation or any of its contents. Any investment or investment activity to which this Presentation relates will be available only to Relevant Persons and will be engaged in only with Relevant Persons. This Presentation does not constitute an offer of securities for sale into the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold within the United States, absent registration or under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. In the United States, the securities described herein will (if offered) be offered only to qualified institutional buyers (“QIBs”) within the meaning of, and as defined in, Rule 144A under the Securities Act. Outside the United States, the securities described herein will (if offered) be offered in accordance with Regulation S under the Securities Act to non- U.S. persons (as defined in Regulation S). 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. H1 2025 03 DISCLAIMER
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Chief Executive Officer Luke Ciantar cEO STATEMENT rIVERTECH - BRINGING YOUR IDEAS TO LIFE As we conclude the first half of 2025, River Tech remains committed to operational excellence and long-term value creation despite the evolving market landscape. Our focus on operational efficiency and financial prudence continues to be the bedrock of our performance, even as we navigate broader economic headwinds. We showed resilient performance. Revenue across quarters remained stable, with licence revenues making up a substantial portion. The business preserved strong contribution margins, particularly due to disciplined cost management and careful prioritisation of investment. Financial Performance In the second quarter of 2025, River Tech reported revenues of €3.4 million. Direct costs were meticulously managed, totalling €1.07 million in the same quarter, resulting in a gross contribution of €2.33 million. EBITDA was recorded at €1.66 million, with a robust profit from ongoing operations amounting to €1.6 million. On a semi- annual basis, revenue experienced a decline primarily due to ongoing sector adjustments and decreased demand for services in certain verticals. Nonetheless, disciplined cost management alleviated margin pressures, leading to a decrease of less than 6% in gross contribution and EBITDA compared to the previous year, as we optimised our operational structure and maintained core profitability. Consequently, profit from continuing operations for the first half of 2025 reached €3.47 million. H1 2025 04
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cEO sTATEMENT H1 2025 05 Shareholder Returns OUTLOOK The Board’s unwavering dedication to shareholder value persists. In light of the dividend increase distributed earlier this year, the Group continues to uphold a robust financial standing. Cash flow remains healthy, and our capital allocation strategy allows us to effectively balance reinvestment in the business with direct returns to shareholders. Having established operational maturity within our core business, we are strategically exploring selective B2B partnerships and growth opportunities that align with our technology oriented vision. Although market dynamics continue to present challenges, River Tech approaches the second half of 2025 with a definitive sense of purpose, an agile organisational structure, and preparedness to capitalise on opportunities that generate sustainable, long-term value. I extend my gratitude to our shareholders for their ongoing confidence and to our teams for their steadfast dedication and professionalism.
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BOARD OF DIRECTORS Luke has over 15 years of experience in the technology industry, primarily dealing with local and international clients and managed services. His broad expertise across various technology sectors positions him as a key figure in shaping the group's strategic direction. Executive Director Luke Ciantar Richard has held key leadership roles in multinational organisations and startups across a variety of industries. His strategic insights and deep understanding of technology trends enhance the board’s expertise and are key in shaping the Company’s future. Non-Executive Chairman Richard Trinder A lawyer by profession since 1999, Kathleen has been extensively involved in the setting up, executing and managing transactions involving multinational groups in various sectors, with a focus on gaming law and financial services sectors. Non-Executive Director Kathleen Zarb Adami H1 2025 06
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MANAGEMENT TEAM Daniela has been with River Tech Plc since April 2019. Currently occupying the post of CFO, she has been in the finance industry for over 10 years and has a strong background in audit and finance from PwC. She has built a strong team, not only in finance but also in HR within River Tech. Chief Financial Officer Daniela Pulis Chief Operations & Product Officer Pawlu Frendo Pawlu Frendo carries the role of Chief Operations and Product Officer. In his capacity, he continues to focus on the Company's operations and client-facing products and services. Working closely with his team, he aims to take River Tech's product offering to the next level. Joseph Debono sits as Chief Technology Officer for River Tech. He is responsible for overseeing all technology aspects of River Tech's products. He works closely with the CEO and COO/CPO to grow and improve the product offering and team culture using his experience and professionalism. Chief Technology Officer Joseph Debono Chief Legal & Compliance Officer Rachel Mifsud Bonnici Dr Rachel Mifsud Bonnici, currently occupying the role o f Chief L egal and Compliance Officer. In her role, D r Mifsud Bonnici continues to lead the implementation o f legal re quirements and compliance management, ensurin g that areas of potential risk within River Tech's products and services are identified effectively. H1 2025 07
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-6 % Gross Contribution -6 % EBITDA -6 % Profit from continuing operations -6 % Revenue h1 2024 v 2025 River Tech plc (Group) Revenue Direct Costs Gross Contribution Operating Costs EBITDA Depreciation Other Finance Costs Profit from operations 2024 Proforma (EUR) 7,410,600 (2,230,616) 5, 179,984 (1,394,458) 3,785,526 (37,631) (58,896) 3,689,000 2025 Proforma (EUR) 7,000,000 (2, 107,330) 4,892,670 (1,346,282) 3,546,388 (26,485) (53,265) 3,466,637 H1 2025 08
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-6 % Gross Contribution -6 % EBITDA -6 % Profit from continuing operations -6 % Revenue River TechNOLOGIES Revenue Direct Costs Gross Contribution Operating Costs EBITDA Depreciation Other Finance Costs Profit from operations 2024 Proforma (EUR) 7,410,600 (2,230,616) 5, 179,984 (1,090,019) 4,089,966 (37,281) (66,016) 3,986,669 2025 Proforma (EUR) 7,000,000 (2, 107,330) 4,892,670 (1,058,980) 3,833,691 (26, 135) (42,477) 3,765,078 H1 2025 09 h1 2024 v 2025
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QUARTER ON QUARTER RIVER TECH PLC (GROUP) H1 2025 10 Revenue Direct Costs Gross Contribution Operating Costs EBITDA Depreciation Other Finance Costs Profit from operations 2025 Proforma (EUR) Q2 (Eur) Proforma Q1 (Eur) Proforma 3,400,000 (1,074,905) 2,325,095 (666,253) 1,658,842 (14,064) (41,338) 1,603,440 3,600,000 (1,032,425) 2,567,575 (680,029) 1,887,546 (12,421) (11,927) 1,863, 197 2024 Proforma (EUR) Q4 (Eur) Proforma Q3 (Eur) Proforma 3,600,000 (1,048,853) 2,551, 147 (660,918) 1,890,228 (18,864) (32,217) 1,839, 147 3,620,000 (1, 103,397) 2,516,604 (580,038) 1,936,566 (19,052) (34,842) 1,882,672 2024 Q3 Q4 Q1 Q2 2025 Profit Increase
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QUARTER ON QUARTER RIVER TECHNOLOGIES H1 2025 11 Revenue Direct Costs Gross Contribution Operating Costs EBITDA Depreciation Other Finance Costs Profit from operations 2025 Proforma (EUR) Q2 (Eur) Proforma Q1 (Eur) Proforma 3,400,000 (1,074,905) 2,325,095 (528,980) 1,796, 115 (13,889) (19,751) 1,762,475 3,600,000 (1,032,425) 2,567,575 (530,000) 2,037,576 (12,246) (22,726) 2,002,603 2024 Proforma (EUR) Q4 (Eur) Proforma Q3 (Eur) Proforma 3,600,000 (1,048,853) 2,551, 147 (491,377) 2,059,769 (18,689) (25,567) 2,015,513 3,620,000 (1, 103,397) 2,516,604 (431,347) 2,085,256 (18,877) (28,929) 2,037,450 2024 Q3 Q4 Q1 Q2 2025 Profit Increase
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KPI - REVENUE LICENCED & SERVICE / SUPPORT SPLIT H1 2025 12 2024 Licence Revenue Service/Support Total Revenue Q1 (Eur) 2, 100,360 1,530,000 3,630,360 Q2 (Eur) 2, 100,240 1,680,000 3,780,240 Q3 (Eur) 2, 100,000 1,520,000 3,620,000 Q4 (Eur) 2, 100,000 1,500,000 3,600,000 2025 Licence Revenue Service/Support Total Revenue Q1 (Eur) 2, 100,000 1,500,000 3,600,000 Q2 (Eur) 2, 100,000 1,300,000 3,400,000 Licence Revenue Service/Support Total Revenue 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 EUR Q1/24 EUR Q2/24 EUR Q3/24 EUR Q4/24 EUR Q1/25 EUR Q2/25 Churn Rate 0%
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H1 2025 13 BRINGING IDEAS TO LIFE: OUR PRODUCTIONS & SOLUTIONS River Tech Plc has a clear vision and strategy to become a leading B2B provider of high-quality technological services through the development of proprietary products across emerging and rapidly growing sectors. With many years of technology experience across a diverse range of both highly regulated and complex sectors, River Tech has a proven track record of delivering high performing technology projects and products. Our offering combines five core elements to create bespoke technology and platform solutions for our clients no matter what the sector they are in. Business Development Product Development Quality Assurance Infrastructure
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Thank-you for your attention!