Pexip Q2 2026 report - Continued growth and margin expansion

Oslo, Norway, August 13, 2026 - Pexip Holding ASA ("Pexip" or "The Company",
Oslo Børs Ticker: PEXIP), today presented its quarterly results for the second
quarter of 2026. Key highlights for the quarter include:

- Pexip's subscription base measured in Annual Recurring Revenue was USD 140.2
million at the end of Q2 2026, up 18% y-o-y.

- Growth is driven by Secure and Custom where ARR grew 27% year-on-year,
together with Connected Spaces ARR growing 11% year-on-year.

- Recognized revenue of USD 32.2 million for the quarter, up 18% y-o-y. EBITDA
excluding other gains and losses amounted to USD 7.2 million, up from USD 5.6
million in the same quarter last year.

- Last twelve months revenue growth of 20%, and LTM EBITDA margin excluding
other gains and losses of 31%.

- Free cash flow of USD 8.1 million in the quarter, up from USD 3.2 million in
Q2 2025, with a cash and money market fund position of USD 44.8 million and no
material interest-bearing debt at the end of Q2 2026.

- ARR outlook for Q3 2026 of USD 142-145 million.

"Pexip continues to see good traction in Secure & Custom, benefiting from strong
demand for secure, sovereign IT and collaboration solutions in particular in the
public sector. We continue to strengthen our position within defense and
intelligence, also with solutions for tactical use cases. I am also satisfied to
see the positive development in net retention and margins, demonstrating the
operating leverage of our recurring subscription business model." - Trond K.
Johannessen, Chief Executive Officer

Analyst consensus estimates
Every quarter ahead of the earnings announcement, Pexip collects earnings
estimates from the equity analysts currently covering the Company. The consensus
estimates and the methodology used in the preparation of the consensus estimates
are published on the Company's IR web pages here:
https://investor.pexip.com/consensus

Q2 results presentation
The second quarter results for 2026 will be presented by video webcast today,
Thursday, August 13, 2026 at 08:30 CEST. The presentation will be held by Trond
K. Johannessen (CEO), Øystein Dahl Hem (CFO), and Åsmund Fodstad (Chief Revenue
Officer). The presentation will be held in English and conducted as a webcast.
Questions can be submitted to [email protected] in advance of the presentation or
live during the presentation.

Please join the webcast via the following link:
https://www.pexip.com/events/q2-2026-results-presentation

A recorded version of the presentation will also be available after the webcast
is concluded.

The key figures in the report are also available as an excel file in the link
above, and on https://investor.pexip.com/reports-and-presentations.

For questions, please contact: Øystein Dahl Hem, CFO, [email protected], +47 992 34
596

About Pexip | pexip.com Pexip is a video technology company that offers
multi-platform software for various purposes such as business meetings, secure
government communication, doctor's appointments, and court proceedings. It is an
excellent tool for organizations that want seamless, secure, and scalable
meetings that enhance the video experience. Pexip (PEXIP) is listed on the Oslo
Stock Exchange. Visit us at www.pexip.com or on LinkedIn 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Øystein Dahl Hem, CFO, Pexip Holding ASA, on
August 13, 2026 at 06:00 CEST.
ouncement was published by Øystein Dahl Hem\, CFO\, Pexip Holding ASA\, on\
August 13\, 2026 at 06:00 CEST.\