White Pearl Technology

(Consolidated group results Q4 2025 compared to Q4 2024)

• Revenue for Q4 increased 75% to 147 MSEK (84)
• EBITDA for Q4 increased 43% to 20.6 MSEK (14.4)
• EBITDA margin in Q4 was 14% (17%)
• EBIT for Q4 increased 42% to 20.6 MSEK (14.5)
• EBIT margin in Q4 was 14% (17%)
• EPS before dilution in Q4 was 0.26 SEK (0.49)
• EPS after dilution for Q4 was 0.26 SEK (0.49)

(Consolidated group results 12M 2025 compared to 12M 2024)

• Revenue for the 12 months increased 65% to 510 MSEK (310)
• EBITDA for the 12 months increased 72% to 86.2 MSEK (50.2)
• EBITDA margin was 16.9% (16.1%)
• EBIT for the 12 months increased by 74% to 86.1 (49.9)
• EBIT margin was 16.8% (16.0%)
• EPS before dilution for the 12 months increased 193% to 2.44 SEK (0.83)
• EPS after dilution for the 12 months increased 193% to 2.44 SEK (0.83)
• The 12-month period showed strong operating cash flow of 70 MSEK (16)

Working Capital improvement in 2025 was led by improved client payment terms, enhanced project management processes, implementation of cost-efficient methods that reduce manpower costs and enhance margins.

DSO has improved from 96 days in 2024 to 59.8 days in FY 2025, signifying quicker cash conversion.

The f/y 2025 geographical revenue distribution was:

• Africa: 55%
• Europe: 27%
• Middle East: 12%
• Asia Pacific: 4%
• Latin America: 0.5%

CEO Marco Marangoni concluded in his comments that “WPTG is accelerating the transformation into a platform company. Software and proprietary IP now represent 18% of Group revenue, up from 13% a year ago. This shift is deliberate. The NEXUS AI platform and related intelligent automation solutions deliver higher margins, deeper customer relationships, and recurring revenue streams. As we scale these capabilities across our customer base and geographies, they become a compounding advantage.

Based on this momentum and our pipeline visibility, we have revised our FY2026 revenue guidance upward. As previously published, we now expect to exceed SEK 620 million, compared to our previous target of SEK 570 million. This reflects both strong organic growth trajectories and the full-year contribution from recent acquisitions.”

The full report can be found in the attached pdf and on the company’s website https://whitepearltech.com/financial-reports-2/