On 7 August 2025, WPTG announced the strategic acquisition of Afrison, a leading South African smart infrastructure company specializing in industrial LED lighting, solar solutions, and IoT-enabled infrastructure. As part of payment for this company, the Board of WPTG has resolved to issue 208,542 shares to Sonya Van Den Berg at a subscription price of SEK 12.96.

In January 2026, WPTG entered into an agreement to acquire the remaining 30 % shares in the South African company Modem Computer Services (Pty) LTD (MCS), making MCS a fully owned subsidiary of WPTG. As payment for this, the Board of WPTG has resolved to issue 244,550 shares to Gordon Westerman Colyn and Grant Edgar Colyn at a subscription price of SEK 18.00.

In total, these decisions result in the issue of 453,092 series B shares, entailing a dilution of approximately 0.8 percent of the total number of shares and votes in the Company.

Deviation from the shareholders’ preferential rights

The purpose of this issue is to fulfil the Company’s contractual obligations towards sellers in connection with previously completed acquisitions through settlement of additional purchase price and other agreed acquisition-related considerations. Through these issues, the Company’s acquisition-related debt is settled without affecting the Company’s liquidity, while at the same time strengthening the Company’s equity. The Board of Directors therefore considers it to be in the interest of the Company and all shareholders that the issue is carried out with deviation from the shareholders’ pre-emption rights.

Number of shares and share capital

The Company’s share capital shall increase through the issue by not more than SEK 9,966 from SEK 651,106 to not more than SEK 661,072.

The number of shares in the Company shall increase through the issue by not more than 453,092 shares, from 29,595,781 shares to not more than 30,048,873 shares.

The interview can be viewed at: https://youtube.com/live/l0cvAtTWC5g?feature=share

The recording and slides from the investor presentation and Q&A session will be available from Friday February 13 at: https://whitepearltech.com/financial-reports-2/

(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/

WPTG will publish the company’s financial report for fiscal year 2025 on February 12. Later the same day, all interested parties are welcome to take part in an online meeting at 16.00 CET (Swedish time).

The meeting will be held on Google Meet and the link to join is:

https://meet.google.com/igh-etym-wrq

Or dial: (SE) +46 8 505 448 27 PIN: 407 178 596#

At the meeting WPTG management will start with a short presentation. After this, participants are welcome with questions. These can also be sent in advance to ir@whitepearltech.com.

The meeting will be recorded, and the recording will be published on www.whitepearltech.com.

Warm welcome!

Pursuant to strong organic growth in WPTG’s core business and successful integration of acquired entities, the 2026 revenue forecast for the company is now revised upwards by 8.3 percent from 572 mSEK to 620 mSEK, a growth that is expected to come in approximately equal parts from organic development and acquired business. The company’s geographical revenue profile is shifting and for 2026 a larger share of WPTG’s revenue is expected to come from WPTG’s operations in Europe, and particularly the Nordic region.

“WPTG continues to focus on acquiring profitable, well-run technology companies and supporting them through shared governance, capital access, and operational expertise. Together with strong organic momentum, the WPTG method of unlocking potential in our acquired business is yielding results and has now allowed us to raise our forecasts”, commented Marco Marangoni, CEO of White Pearl Technology Group.

WPTG will publish its year-end report on February 12 followed the same day by an open online investor meeting.

Pursuant to strong organic growth in WPTG’s core business and successful integration of acquired entities, the 2026 revenue forecast for the company is now revised upwards by 8.3 percent from 572 mSEK to 620 mSEK, a growth that is expected to come in approximately equal parts from organic development and acquired business. The company’s geographical revenue profile is shifting and for 2026 a larger share of WPTG’s revenue is expected to come from WPTG’s operations in Europe, and particularly the Nordic region.

“WPTG continues to focus on acquiring profitable, well-run technology companies and supporting them through shared governance, capital access, and operational expertise. Together with strong organic momentum, the WPTG method of unlocking potential in our acquired business is yielding results and has now allowed us to raise our forecasts”, commented Marco Marangoni, CEO of White Pearl Technology Group.

WPTG will publish its year-end report on February 12 followed the same day by an open online investor meeting.

Monthly revenue performance:

• December 2025: SEK 51.4 million

Business performance across the Group’s operating segments continues to develop in line with management expectations, supported by both organic growth and recent acquisitions. WPTG expects to publish an updated 2026 forecast later in January.

Important information

Monthly revenue figures are provided as unaudited management information and are intended to complement, not replace, the company’s interim and annual financial reporting prepared in accordance with applicable accounting standards.

Value creation through expansion

Rather than relying on cost cutting or financial engineering, WPTG focuses on post-acquisition value creation through revenue expansion, geographic reach, and capability development. Brontobyte’s journey from a small, single-region SAP services firm into a multi-region, platform-enabled business exemplifies this approach.

At the time of acquisition, Brontobyte was a specialist SAP project services company with strong technical expertise but limited scale. The company generated approximately USD 180,000 in revenue, operated in a single region, and relied almost entirely on project-based delivery with minimal recurring revenue and no proprietary products.

Evolving from a niche provider into a multi-region business through access to WPTG’s customer base

After joining WPTG, Brontobyte was integrated into the group’s broader platform with a clear strategic objective: to evolve from a niche services provider into a scalable, multi-region business with repeatable offerings. Access to WPTG’s enterprise customer base, group-level sales capabilities, and adjacent competencies in cloud, data, AI, cybersecurity, and managed services enabled Brontobyte to participate in larger and more strategic client engagements. As a result, the company’s revenue has grown to over USD 700,000 today.

Geographic expansion has been another key driver of value creation. Supported by WPTG’s shared infrastructure, regional relationships, and cross-border delivery model, Brontobyte has successfully established operations in India, the United Arab Emirates, and Saudi Arabia. According to the case study, achieving this level of international expansion independently would have required significantly more time and carried substantially higher execution risk.

Beyond pure project services

Perhaps the most strategically important change has been Brontobyte’s evolution beyond pure project services. As part of WPTG, the company has developed proprietary platforms and AI-enabled software solutions, including Utilon, designed to address complex SAP utilities use cases. This shift from time-and-materials projects to product-led solutions has improved margins, scalability, and recurring revenue potential, while also increasing the long-term strategic value of the business.

For WPTG, the Brontobyte case underscores the core mechanics of its platform model: acquisitions add specialist capabilities, while the platform expands how, where, and at what scale those capabilities can be commercialised. Value creation is driven by upselling, cross-selling, and productisation rather than short-term cost optimisation.

A platform for faster growth and global expansion

For investors, Brontobyte’s transformation—from a USD 180,000, single-region services firm into a USD 700,000-plus multi-region business with proprietary platforms—provides tangible evidence of how WPTG unlocks value after acquisition. It also highlights the group’s broader strategy: not merely acquiring companies but building a platform that enables them to grow faster, expand globally, and move up the value chain.

As announced on 16 October, WPTG has entered into an agreement with the IT Group Spotr Group AB (Spotr Group) (Nasdaq First North: SPOTR) to acquire the Spotr Group subsidiaries Adligo AB, APTR SL AB, Appspotr South Asia (PVT) LTD and a 51 percent stake in Krobier AB. In accordance with the contract, WPTG will issue in total 965,766 shares to Spotr Group and the Board of Directors in WPTG today resolved to issue 676,036 series B shares (70% of total consideration) as first installment of the payment. The remaining 30% of the total consideration will be issued in three months, provided that WPTG has not deducted any warranty claims from the deferred consideration.

Deviation from the shareholders’ preferential rights

The Board of WPTG resolved to deviate from the shareholders’ preferential rights. The reasons for the deviation are that the share issue forms an integral part of the agreed transaction dated 16 October 2025, pursuant to which the Company acquired four companies from Spotr Group AB, with the share issue being carried out by way of set-off against debt relating to the acquisition. The Board considers the share issue to be on market terms, proportionate and in the best interest of the Company and its shareholders.

Number of shares and share capital

As a result of the Share Issue the Company’s share capital will increase by SEK 14,872 from SEK 636,234 to SEK 651,106 through the issuance of 676,036 new shares increasing the number of shares from 28,919,738 to 29,595,774 and entailing a dilution of approximately 2.3 percent of the total number of shares and votes in the Company (based on the number of shares and votes following the Share Issue).

The interview is available on: https://youtu.be/jI2SrFzPFN8