Revenue in Q1 25 was NOK 339m, an increase of 188% year-on-year driven mainly by the acquisition of Doro. Recurring revenue from high-margin Services increased by 27% to NOK 80m, translating to an ARR of NOK 319m, with the number of subscriptions increasing by 103k (41%) year-on-year to 358k.

“The acquisition of Doro is a transformative strategic move that adds significant scale, enhances our profitability, and opens new growth avenues for Xplora. Together with our partnership with HMD in the youth market, this broadens the strategic scope of the business and supports our long-term growth ambitions”, says CEO Sten Kirkbak in Xplora Technologies.

Gross profit increased by 182% year-on-year to NOK 190m and reported EBITDA more than quadrupled to NOK 18m in Q1 25 from NOK 4m in Q1 24 despite one-off operational transaction costs of NOK 11m in the quarter. Reported EBIT was a negative NOK 7m.

Adjusted for the one-off costs EBITDA was NOK 29m and the operating profit (EBIT) NOK 4m.

Net finance costs amounted to NOK 77m, generating a loss before tax of NOK 83m. Net finance included one-off costs related to closing of the transaction and to securing a robust and flexible long-term financing structure. At the end of Q1 25 Xplora had a cash balance of NOK 545m.

Xplora has a stated ambition to grow its subscriber base to one million subscribers, and the acquisition of Doro AB in the Senior segment and the partnership with HMD in the Kids & Youth segment significantly expands the market opportunity. One of the main value creation opportunities lie in developing the recurring revenue base, and the company will begin to offer Xplora mobile subscriptions and services across Doro’s customer base in the second quarter of 2025. The partnership with HMD and the entry into the Youth market was kicked off in Q1 with the launch of the HMD Fusion X1 smartphone, which will become available in the market in the second quarter. The entry into the youth market adds momentum to the Kids & Youth segment where Xplora maintains its long-term ambition for 15% annual growth.

Practical arrangements and contact details:
The management will present the results on Friday 23 May 2025 at 08:00 CET live at SpareBank1 Markets in Olav Vs gate, 0161 Oslo and via webcast, with CEO Sten Kirkbak, CFO Knut Stålen, CRO Kjetil Fennefoss and CTO Sanghyo Kim being joined by CEO Julian Read from Doro AB.

The presentation will be held in English, followed by a Q&A session.

The presentation will be transmitted via live webcast on the company’s website at www.xplora.com/investor and a recording of will be made available after the event.

For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, [email protected]
Knut Stålen, CFO +47 920 43 458, [email protected]

The information contained in this statement has not been audited and may be subject to change. This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities. Trading Act section 5-12.

About Xplora Technologies AS:
Xplora is a platform and services company delivering technology solutions that enable families to stay connected and safe. The company designs smart devices and services for Kids, Youths, and Seniors, combining secure communication with services promoting physical activity and digital balance. Founded in Norway, Xplora pioneered the Kids' smartwatch category in Europe and has since expanded its offering to include phones and solutions for the Youth and Senior markets. This positions Xplora as a leading European platform for family-centric services. The company is headquartered in Oslo, Norway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker XPLRA.