Slides
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Year-end report January–December 2025
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26,500 47 13 customers business units countries 3,719 87% 1,770 MSEK proforma net sales proforma recurring revenues employees Sales by market Vitec Software Group A leader in vertical software
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Diversification of sales Breakdown of sales among customers FY 2025 Breakdown of sales among business units FY 2025 Sales by market FY 2025 Number of customers 26,500
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Business units Responsible growth Acquire • Vertical • Established and profitable • Proprietary software • Recurring revenues Develop • Decentralized organization • Product investments • Organic growth Business model • Market leader • High percentage of recurring revenues
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Intergrip NMG Software for the education system in the Netherlands. Intergrip’s platform supports the continuous learning line and monitors students’ transition to further education. Mission-critical software for the energy and industrial sector in Poland. Large-scale energy consumption data processing, transmission management and smart grid applications. Annual sales MSEK 28 Recurring revenue 93% Annual sales MSEK 100 Recurring revenue 45% Registered office NL Registered office PL Employees 18 Employees 92 Acquisitions 2025 and 2026 Q1 Q4 Figures as per acquisition date Autonet Infometric A mission-critical software for the automotive dismantling sector in the Netherlands and Belgium. Vitec holds a majority stake. A complete system of hardware and software for collecting, analyzing and debiting energy and water consumption for the Swedish housing and real estate industry. Vitec holds a majority stake. Annual sales MSEK 49 Recurring revenue 90% Annual sales MSEK 138 Recurring revenue 43% Registered office NL Registered office SE Employees 22 Employees 58 Q1
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Sales per vertical FY 2025 Health care and welfare Finance & Insurance Auto repair shops Property management Trade and manufacturing industry Archives Energy Real estate agents Religious communities Fast moving consumer goods Waste management Education Pharmacies MediaProcess industry and energy companies Organizations, associations and golf courses Hair and beauty salons Labor mobility Travel and hospitality Transport Laundry industry Lubricant industry
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Business unit Reg. office Acq. year Sales FY 2025, MSEK Recurring share Recurring Vitec HK data NO 2019 91% Vitec Hotelinx FI 2022 85% Vitec Intergrip NL 2025 96% Vitec Katrina FI 2019 91% Vitec LDC NL 2024 99% Vitec Megler NO 2012 97% Vitec Memorix NL 2023 90% Vitec MV DK 2017 94% Vitec Mäklarsystem SE 2010 99% Vitec Neagen FI 2023 74% Vitec NMG POL 2025 38% Vitec Nordman SE 2021 94% Vitec Plania NO 2016 80% Vitec Raisoft FI 2022 87% Vitec Roidu FI 2024 88% Vitec Samfundssystem SE 2018 85% Vitec Scanrate DK 2022 98% Vitec Tietomitta FI 2016 94% Vitec Travelize SE 2021 93% Vitec Trinergy BE 2024 97% Vitec Unikum SE 2021 91% Vitec Vabi NL 2021 96% Vitec Visiolink DK 2020 83% Vitec Visitor Systems SE 2018 87% Business unit Reg. office Acq. year Sales FY 2025, MSEK Recurring share Recurring ABS NL 2022 56% Enova NL 2023 100% Olyslager NL 2024 100% Taxiteknik SE 2024 97% Vitec Acute FI 2013 90% Vitec Agrando NO 2018 92% Vitec Alma FI 2020 66% Vitec Aloc DK 2014 87% Vitec Appva SE 2020 97% Vitec Autosystemer NO 2015 91% Vitec Avoine FI 2019 90% Vitec BidTheatre SE 2024 98% Vitec Capitex Finanssystem SE 2010 96% Vitec Cito DK 2018 72% Vitec Codea FI 2023 70% Vitec Datamann DK 2015 82% Vitec DocuBizz DK 2022 95% Vitec Energy SE 1998 92% Vitec Fastighet SE 1985 84% Vitec Figlo NL 2024 93% Vitec Fixit NO 2019 97% Vitec Forsikring NO 2015 73% Vitec Futursoft FI 2016 92% Our business units 0 50 100 150 200 250 0 50 100 150 200 250 294 282
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Sharing knowledge • Common culture • Sharing concept, forums for best practice sharing • Vertical clusters, opportunities across business units Vitec Software Group provide forums within the group for inspiration, knowledge sharing and best practice discussions. In September we gathered in Stockholm for the Vitec Anniversary Conference, highlighting innovation and AI.
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Innovation and AI Examples: Customer applications • Vitec Energy: Enriched forecast regression models with new AI models to enhance clients' energy forecasts. AI models to identify complex, non-linear relationships. • Vitec Roidu: AI-driven analysis of patient feedback transforms large amounts of unstructured data into concrete insights. • Vitec Appva: Automated regulatory data reporting by using AI. Examples: Improved way of working • Vitec Futursoft: Development, updating, and modernization of code • Vitec Fastighet: Using AI agent to answering customer calls and creating automatic support tickets • Vitec Avoine: Using AI automatically verifying new user accounts to minimizing fraud. Improve way of working • Improved efficiency • Improved productivity and quality • Risk mitigation Develop business • Enhanced decision making • Customer experiences • Predictive analytics Growth • Competitive advantage • Scalability • New revenue streams Vitec Anniversary Conference, highlighting innovation and AI.
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Highlights 40% 2%
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Cash flow SEK million 2025 Oct-Dec 2024 Oct-Dec Change 2025 Jan-Dec 2024 Jan-Dec Change Operating profit 206 178 712 697 Adjustments for non-cash items 162 163 623 560 Interest and tax -62 -53 -240 -234 Cash flow from operating activities before changes in working capital 306 288 18 1 094 1024 70 Changes in working capital -195 -278 16 -75 Cash flow from operating activities 111 10 101 1 110 949 161 Cash flow from investing activities -427 -1045 -1 184 -1 956 Cash flow from financing activities 477 368 267 1097 Cash flow for the period 161 -666 827 194 89 105
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SEK 3,633 million (3,334), an increase of 9% Net sales Net sales by year Net sales by quarter MSEK proforma net sales 3,719 SEK 983 million (927), an increase of 6% CAGR 19.4%
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EBITA SEK 959 million (1,002), a decrease of 4% EBITA and EBITA margin by year EBITA and EBITA margin by quarter EBITA margin YTD 26% SEK 268 million (269), unchanged CAGR 22.0%
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Cash EBIT Cash EBIT margin YTD 22% SEK 816 million (797), an increase of 2% SEK 227 million (234), a decrease of 3% CashEBIT and CashEBIT margin CashEBIT and CashEBIT margin by year by quarter CAGR 23.2%
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Recurring revenues * The percentage change is presented compared with the same period last year.
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Invest in Vitec Vertical market software leader 40-year track record of sustainable profit growth driven by recurring revenues; Organic growth through innovation and investment in a well diversified product portfolio across several industries, and inorganic growth by acquiring high quality niched software companies. In brief • Cash EBIT margins expanded for four consecutive quarters • Strong cash conversion • Three vertical software companies acquired over the past four months: NMG (October 2025), followed by Autonet and Infometric in early 2026. October–December 2025 • Net sales SEK 983 million (+6%) • Recurring revenues SEK 831 million (+8%) • EBITA SEK 268 million (unchanged) • Operating profit SEK 206 million (+16%) • Cash EBIT 227 SEK million (-3%) • Earnings per share before dilution SEK 3.41 (+40%) • Cash flow from operating activities SEK 111 million (10). Vitec Anniversary Conference, Stockholm September 2025
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Interim report Jan–Mar 2026 April 23, 2026, 08:00 (CEST) Annual General Meeting 2026 April 28, 2026, 17:30 (CEST) Interim report Jan–Jun 2026 July 14, 2026, 08:00 (CEST) Olle Backman, CEO Vitec Software Group olle.backman@vitecsoftware.com Patrik Fransson, Investor Relations patrik.fransson@vitecsoftware.com Financial calendar Interim report Jan–Sep 2026 Oct 23, 2026, 08:00 (CEST) Year-end report, Jan–Dec 2026 Feb 10, 2027, 08:00 (CET) Contact information
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Appendix
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Consolidated statement of profit/loss
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Consolidated statement of comprehensive income
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Condensed consolidated statement of financial position
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Condensed consolidated statement of cash flow
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Strategy chain To contribute to the success of our custo- mers by developing and providing standardized and niched business- critical software. To rely on - today and tomorrow • Our products – our foundation • Keep it simple • Trust and transparency Shaping a wiser and more sustainable future To be a profitable and sustainable growth company that develops and acquires vertical software companies. Brand promise Business conceptValues Vision Objective
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Growth Acquired annual revenue Organic growth, proforma
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Organic growth net sales per year
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LDC Bidtheatre Taxiteknik Trinergy Olyslager Roidu Figlo Software for labor mobility in the Netherlands, by career coaching, matching candidates with the right vacancies or training. A Demand Side Platform (DSP) for programmatic advertising – software supporting media agencies in Sweden and Norway. A complete business system, including booking and driver apps, for taxi companies primarily in Sweden. Vitec holds a majority stake. A business-critical software that contributes to sustainable and efficient energy management of the property industry in Belgium. Vitec holds a majority stake. The software is an integral part of their customers’ workflow and operates as a matching tool to find the required lubri- cant or fluid type for a specific vehicle or machinery. A patient, customer and employee experience survey tool for the healthcare and social welfare sectors in Finland. Software for financial planning and mortgage calculations on the Dutch market. Annual sales MSEK 23 Recurring revenue 92% Annual sales MSEK 113 Recurring revenue 99% Annual sales MSEK 20 Recurring revenue 92% Annual sales MSEK 40 Recurring revenue 93% Annual sales MSEK 139 Recurring revenue 100% Annual sales MSEK 27 Recurring revenue 90% Annual sales MSEK 49 Recurring revenue 90% Registered office NL Registered office SE Registered office SE Registered office BE Registered office NL Registered office FI Registered office NL Employees 9 Employees 9 Employees 6 Employees 24 Employees 39 Employees 17 Employees 36 Acquisitions 2024 Figures as per acquisition date Q1 Q2 Q3 Q4
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Organization Group Management CEO, CFO, CIO/CTO, COO, Brand, HR, M&A and VPO Business units Each business unit (49 in total after the latest acquisition) is led by a CEO responsible for operational activities, including product development, sales, marketing, customer support, and related functions.