Strategic Roadmap

Cross-Selling & Margin Expansion.

WPTG drives compounding equity growth by systematically transitioning the portfolio from high-volume IT services to high-margin software IP.

Quantified Proof Points

Pipeline & Acquisition Performance

SEK 6.8BTBC

Total revenue identified across acquisition pipeline

SEK 33MTBC

UAE AI contract secured via Luminary operating unit

1,139%TBC

Johannesburg deployment return on investment

29%TBC

Post-acquisition YoY revenue growth

Segment Mix Shift Trajectory

Select year below to see how our active M&A strategy and proprietary platform cross-selling transition our operational revenue.

Enterprise Software IP Revenue 13%
IT Services / ICT Integrations 42%

Source: Corporate Segment Guidance Strategy 2026

Core Case Illustration

Cross-Sell Mechanic — Worked Example

Proof-of-concept demonstrating how acquisitions convert to higher group margins over an 18-month cycle.

01

Stage A: ERP Acquisition

A national ministry purchases an SAP-based ERP system, won by a WPTG operating unit as the anchor enterprise contract.

02

Stage B: Infrastructure Migration

The Managed Services team migrates the ERP to regional cloud infrastructure, adding recurring hosting and support revenue.

03

Stage C: AI Platform Deployment

The Aixia AI infrastructure layer and NEXUS AI scoring engine are deployed, converting the account to recurring AI platform revenue.

Working assumption — subject to Review 1.

The Re-Rating Case

AI growth rates. A platform that compounds. A multiple that reflects neither.

White Pearl grows at vertical-AI rates, with owned platform IP and a compounding acquisition model, while still trading on a technology-services multiple. FY 2025 and Q1 2026, no extraordinary adjustments.

FY 2025 Revenue Growth
+65%
SEK 510.5M total. Organic growth combined with strategic acquisition. AI delivery is the primary driver.
EBITDA Margin Q1 2026
16.3%
FY 2025 EBITDA SEK 86.1M, up 72%. Platform and managed-services revenue carry higher margin than project delivery.
EPS Growth FY 2025
+193%
SEK 2.40 against SEK 0.82. Value creation at a rate the current multiple does not yet reflect.
Q1 2026 Revenue Growth
+45%
SEK 143.7M against SEK 98.9M. Trajectory sustained across consecutive reporting periods.

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