Eyeon

On April 28, the acquisition of Safestate AB was completed, and the company has been included in the consolidated financial statements as of May 2025. To provide a comprehensive view of the Group, a pro forma income statement has been prepared for the period January 1 - June 30, 2025, with a comparison against the same period for Eye World in the previous year. The points listed below under the "Highlights" section are based on the pro forma figures.

Highlights

• Sales amounted to KSEK 11,826 (KSEK 5 522)
• Sales growth reached 104% compared to Q1 2024.
• Positive EBITDA in Q1 excluding restructuring costs, amounting to KSEK 5,867, corresponding to an EBITDA margin of about 50%.
• Cash balance amounted to MSEK 12.8 the 1^st of July 2025.
• Annual Recurring Revenue (ARR) amounted to MSEK 50.7 at the end of Q2 2025 (MSEK 18.2).
• Invoiced sales in Q2 amounted to KSEK 13,223, resulting in a Billing EBITDA excluding restructuring costs of KSEK 7,264, corresponding to a Billing EBITDA margin of 55%.
• The Board is considering a transition to IFRS accounting standards. Such a change would provide more flexible conditions for the amortization of goodwill and intangible assets. Under the current framework, the applied amortization principles are the main reason why the Group does not show a profit on the bottom line. The Board's view is that adopting IFRS would provide a more accurate representation of the Group's profitability. Under IFRS, the result for the quarter would have been positive at approximately MSEK 1.4, and the result for the first half of the year would have been positive at approximately MSEK 1.9.

Summary April - June 2025 (compared to the same period the previous year):

• Net sales: KSEK 10,807 (KSEK 5,522)
• EBITDA for the period: KSEK 3,604 (KSEK 802), adjusted for restructuring costs: KSEK 5,001 (KSEK 2,222)
• Result for the period: KSEK -4,058 (KSEK -3,041), with the application of IFRS depreciation, the result for the period would have been positive at approximately MSEK 1.4.
• Sales per share: SEK 0,31 (SEK 0,19)
• Earnings per share: SEK -0,12 (SEK -0,11)
• Equity per share: SEK 4,44 (SEK 2,15)

Summary January - June 2025 (compared to the same period the previous year):

• Net sales: KSEK 18,642 (KSEK 9,504)
• EBITDA for the period: KSEK 6,092 (KSEK 738), adjusted for restructuring costs: KSEK 8,837 (KSEK 3,777)
• Result for the period: KSEK -5,444 (KSEK -4,778), in the comparison period, the result included a positive contribution from shares in Group companies of KSEK 2,154. With the application of IFRS depreciation, the result for the period would have been positive at approximately MSEK 1.9.
• Sales per share: SEK 0,53 (SEK 0,33)
• Earnings per share: SEK -0,15 (SEK -0,17)
• Equity per share: SEK 4,44 (SEK 2,15)

On April 28, the acquisition of Safestate AB was completed, and the company has been included in the consolidated financial statements as of May 2025. To provide a comprehensive view of the Group, a pro forma income statement has been prepared for the period January 1 - June 30, 2025, with a comparison against the same period for Eye World in the previous year. This has been prepared as if Safestate AB had been a wholly owned subsidiary at the beginning of the 2025 financial year. The consolidation is simplified, as no full purchase price allocation has been prepared as of January 1, 2025. The comparison periods refer to Eye World's reported figures in the respective historical periods.

Events During the Period

• EyeonGroup, together with the reseller Miss Group, has launched the first White Label B2B portal under the name Miss Group Safe.
• EyeonGroup has signed a Letter of Intent with a leading telecommunications operator in Europe.
• EyeonGroup has entered into a strategic partnership with Point Wild to expand its cybersecurity offering.
• EyeonGroup has signed a conditional agreement for the acquisition of Safestate AB.
• Talkmore, which is part of Telenor Norway, has launched EyeonGroup's identity protection service as a white label offering.
• EyeonGroup has signed a Letter of Intent with a leading international cybersecurity player.
• EyeonGroup has signed a strategic reseller agreement with a global telecommunications partner for a launch in the Polish market.
• EyeonGroup launches advanced Defense Tech product for security providers.
• The acquisition of Safestate AB was completed on April 28, 2025.
• Miss Group launched in Norway under its leading brand Domeneshop.
• One of the company's strategic resellers in the insurance sector showed a significant increase in the number of active subscriptions. A total of 105,000 new paying subscriptions were activated through this reseller alone during the second quarter, all invoiced one year in advance.
• Miss Group launched in Switzerland under the Hoststar brand, thereby reaching a potential customer base of 80,000 new corporate clients.
• On May 30, 2025, Eye World AB held its Annual General Meeting. Mattias Kaneteg was elected as the new Chairman of the Board and Johan Kämpe as a new Board Member. The meeting also resolved to change the company name to Eye World AB.
• Eye World signed an expanded strategic agreement with its largest reseller, granting the reseller full freedom to include EYE's cybersecurity service, Dark Web Monitoring, across its entire current and future service offering - without segmentation restrictions.
• On June 17, the name change to Eye World AB was registered with the Swedish Companies Registration Office (Bolagsverket).
• Safestate signed a three-year agreement with a leading insurance company, covering 240,000 subscriptions.
• Eye World launched CybSec.World, an AI-powered cybersecurity news platform - fully driven by AI, designed to deliver up-to-date, optimized content at high speed without relying on traditional editorial resources.
• Miss Group launched in Finland under the DomainKeskus brand, making this Eye World's fourth active market with Miss Group, following entries into Sweden, Norway, and Switzerland.

Events After the Period

• Eye World has surpassed 1 million active subscribers - a historic milestone that reflects the growing global demand for strong digital privacy and proactive cybersecurity.
• Eye World will participate as a sponsor and exhibitor at MSP Global 2025 in Barcelona on October 22-23.
• EYE has signed a Letter of Intent (LOI) with one of Scandinavia's leading telecom operators. The goal is to finalize the definitive agreement by August 31, 2025, with a planned launch during the fourth quarter of the same year.
• Eye World AB has renewed its PCI certification for an additional 12 months. This marks an important milestone for the company and serves as a strong quality stamp on its services.

Dear Shareholders,

The second quarter and summer of 2025 have been an eventful and important period for Eye World. We have made significant progress, signed new agreements, and continued to build the strong foundation needed for long-term growth.

Major agreements strengthen our position
In June, our subsidiary Safestate achieved a key milestone. We signed a new three-year agreement with one of Scandinavia's largest insurance companies. The agreement covers a total of 240,000 subscriptions - more than twice the previous number - which enabled us to surpass 1 million active subscriptions in July.

New opportunities through resellers
We also signed a new agreement with one of our largest resellers. Under this agreement, our Dark Web Monitoring service becomes a standard part of their subscriptions and can now be offered to all their customers. Previously, the service was more limited and sold only as part of a security package or as an add-on. This change allows us to reach significantly more users and strengthens both our revenue and subscription base.

A summer of clear progress
Q2 and the summer have in many ways confirmed that our strategy is working. We are growing rapidly, diversifying our revenue, and gaining market validation through the agreements we sign. Some of our key achievements include:
· Surpassing 1 million subscriptions.
· Signing multiple major agreements that bring more users and higher recurring revenue.
· Our services becoming an increasingly integral part of our partners' offerings.
· Our business model already showing results in the form of stronger cash flow and increased stability.

Focus moving forward
Now that we have surpassed 1 million subscribers, our focus is on delivering on the agreements we have already signed while working to finalize the outstanding LOIs. We also continue to bring in new partners, both in the Nordics and on international markets. Another key priority is growing alongside our existing partners by offering more of our products and thereby creating even greater value for both them and us.

Closing remarks
This quarter and summer demonstrate that Eye World is stronger than ever. We are not only building a company that grows in numbers, but also a platform that plays an increasingly important role for individuals and organizations seeking to protect their digital identity. I would like to extend my sincere thanks to our employees for their dedication, to our partners for their collaboration, and to you, our shareholders, for your continued support.

We now enter the autumn with energy, clear goals, and a strong belief that we can continue growing at the same pace. The journey has only just begun.

Description of the business

Eye World AB (publ) (https://eye.world), founded in 2015, is one of Northern Europe's leading and fastest-growing providers of SaaS solutions in Cyber Security. We are your complete partner and One Stop Shop for digital security, offering a unique AppStore that brings together 11 powerful services under one roof. Our partners can seamlessly select the solutions that fit their business model and easily offer them to their end customers.

Eyeon Group delivers innovative business solutions in IT security, privacy protection, and advanced AI-powered data solutions. Our products are specifically designed for the B2B market, with a focus on demanding industries such as banking and finance, insurance, telecom, and hosting. We help businesses across Europe protect their digital assets and stay ahead of cyber threats-today and in the future.

Eyeon Group in short

Eyeon Group AB (publ) is the parent company of a group with the wholly-owned subsidiaries Safestate AB EyeonID Intressenter AB. Eye Worlds's headquarters, including development, production, and administration, is located in Stockholm and an office in Dubai.

This report covers the entire group's and the parent company's operations during the period from January 1 2025 to June 30 2025.

Financial overview

The following section provides a summary of Eye World's financial information for the period April - June 2025, with a comparison to April - June 2024, as well as for the period January - June 2025, compared with January - June 2024. During this period, Eye World completed the acquisition of Safestate AB on April 28. Safestate has been included in the consolidated financial statements as of May 2025.

Sales and results

April - June

The group's net sales for the period amounted to KSEK 10,807 (KSEK 5,522), with a net result of KSEK

-4,058 (KSEK -3,041).

Sales were distributed as follows:

B2B KSEK 3,079 (KSEK 223)

B2C White label KSEK 7,728 (KSEK 5,299)

Sales and results

January - June

The group's net sales for the period amounted to KSEK 18,642 (KSEK 9,504), with a net result of KSEK

-5,444 (KSEK -4,778).

Sales were distributed as follows:

B2B KSEK 5,903 (KSEK 228)

B2C White label KSEK 12,739 (KSEK 9,276)

Liquidity and financing

As of June 30 2025, EyeonGroup's bank balances amounted to KSEK 8,090 (KSEK 5,559, as of July 1, cash and cash equivalents amounted to MSEK 12.7. The group had interest-bearing liabilities of KSEK 7,694 (SEK 106).

Investments

April - June

Eyeonid's total new investments during the period amounted to KSEK 3,167 (KSEK 2,326) and concerned intangible fixed assets amounting to KSEK 3,145 (KSEK 2,317) such as capitalized development costs, and tangible fixed assets amounting to KSEK 22 (KSEK 9).

January - June

Eyeonid's total new investments during the period amounted to KSEK 5,291 (KSEK 5,237) and concerned intangible fixed assets amounting to KSEK 5,269 (KSEK 5,229) such as capitalized development costs, and tangible fixed assets amounting to KSEK 22 (KSEK 9).

Depreciation

April - June

The period's result was charged with KSEK 7,428 (KSEK 3,838) in depreciation, of which KSEK 56 (KSEK 51) refers to depreciation on equipment, tools, and installations, KSEK 3,893 (KSEK 3 773) refers to depreciation of capitalized development costs, and goodwill depreciation of KSEK 3,480 (KSEK 14).

January - June

The period's result was charged with KSEK 11,263 (KSEK 7,665) in depreciation, of which KSEK 107 (KSEK 106) refers to depreciation on equipment, tools, and installations, KSEK 7,676 (KSEK 7,545) refers to depreciation of capitalized development costs, and goodwill depreciation of KSEK 3,480 (KSEK 14).

Equity

As of June 31, 2025, Eye World's equity amounted to KSEK 156,012 (KSEK 61,023).

The share and share-related Instruments

As of June 30, 2025, the share capital of Eyeon Group AB was divided into 35,156,116 shares with a nominal value of SEK 0.2. All shares are of the same series and have the same right to vote and profit in the company. The shares in Eye World have been traded on NGM Nordic SME under the ticker EYEW since September 20, 2016. Since February 7, 2023, the shares in Eyeonid have been traded with ISIN code SE0019763988 after the share consolidation decided at the extraordinary general meeting on January 27, 2023. EyeonGroup does not have a liquidity guarantee agreement.

At the 2023 annual general meeting, it was decided to introduce the Employee Stock Option Program 2023/2026 and the Warrant Program 2023/2026. The programs are aimed at the company's employees and consultants. Each option under the respective program entitles the holder to subscribe for one share. The exercise period runs from September 1, 2026, to September 30, 2026. If all issued options are exercised to subscribe for shares, the number of shares will increase by 1,495,269 shares, corresponding to a dilution of approximately 5 percent of the total number of shares and votes in the company. Due to

known personnel changes, the number of shares will increase by 897,159 shares upon full exercise of issued options, corresponding to a dilution of approximately 3% of the total number of shares and votes in the company.

Employees

As of June 30, 2025, Eye World had approximately 17 staff members, of which 8 (3) were employees and the remainder were consultants.

Accounting principles

The report has been prepared in accordance with the Annual Accounts Act of Sweden and BFNAR 2012:1 Annual Report and Consolidated Financial Statements (K3). Applied principles are consistent with those described in the 2024 annual report.

Upcoming reporting dates

Eyeon Group AB provides regular financial information according to the following schedule:

This report has not been subject to review by the company's auditor.

August 25, 2025

Eye World AB (publ)

The Board of Directors

For further information, please contact:

Fredrik Björklund

CEO

+46 70-892 35 92

Carl-Magnus Jönsson

CFO

+46 73-545 53 50

This information is information that Eye World AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was provided, through the contact of the above contact person, for publication on August 25, 2025, at 08.30 CEST.

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