Condensed interim consolidated and combined financial statements

Note: Numbers are unaudited

NOK million	Note	YTD 2026	Q2 2026	Q1 2026	Q4 2025
Operating revenue	4	1,9	0,9	1,0	0,9
Direct costs of service		-0,9	-0,7	-0,2	-0,7
Operating expenses	5, 6, 7	-20,7	-14,2	-6,5	-4,3
EBITDA		-19,7	-14,0	-5,7	-4,1
Depreciation and amortisation		-0,5	-0,2	-0,3	-0,2
Operating profit/(loss)		-20,2	-14,2	-6,0	-4,3
Financial income/(expense)		-0,4	-0,3	-0,1	-0,1
Net financial items		-0,4	-0,3	-0,1	-0,1
Profit/(loss) before tax		-20,7	-14,6	-6,1	-4,4
Tax income/(expense)		-	-	-	-
Net profit/(loss)		-20,7	-14,6	-6,1	-4,4
Net profit/(loss) attributable to:
Equity holders of the parent		-19,5	-13,8	-5,7	-4,3
Non-controlling interest		-1,2	-0,8	-0,4	-0,1

NOK million	YTD 2026	Q2 2026	Q1 2026	Q4 2025
Net profit/(loss)	-20,7	-14,6	-6,1	-4,4
Other comprehensive income
Items which may be reclassified to profit/(loss)
Foreign currency translation	-	-	-	-
Total comprehensive income	-20,7	-14,6	-6,1	-4,4
Total comprehensive income attributable to:
Equity holders of the parent	-19,5	-13,8	-5,7	-4,3
Non-controlling interest	-1,2	-0,8	-0,4	-0,1

	YTD 2026	Q2 2026	Q1 2026
Earnings per share (NOK):
- Basic	-0,34	-0,22	-0,11
- Diluted	-0,34	-0,22	-0,11
Weighted avg. no. of shares outstanding	56 906 077	63 736 264	50 000 000
Weighted diluted avg. no. of shares outstanding	56 906 077	63 736 264	50 000 000

NOK million	Note	30.06.2026	31.03.2026	31.12.2025
ASSETS
Goodwill		0,2	0,2	0,2
Intangible assets		6,8	3,5	-
Fixed assets		4,4	4,6	4,7
Right-of-use asset		2,9	3,0	3,2
Total non-current assets		14,3	11,3	8,1
Trade and other receivables		4,1	2,2	2,0
Cash and cash equivalents	3	625,2	5,9	5,6
Total current assets		629,3	8,1	7,6
TOTAL ASSETS		643,7	19,4	15,7
EQUITY AND LIABILITIES
Contributed equity and retained earnings		612,3	1,5	2,9
Total equity attributable to owners of the parent		612,3	1,5	2,9
Non-controlling interest		3,0	2,7	1,3
TOTAL EQUITY		615,3	4,2	4,2
Loan from owners	6	5,1	-	-
Lease liability		2,4	2,5	2,6
Bank loans		2,8	3,0	3,4
Total non-current liabilities		10,3	5,5	6,0
Lease liability		0,6	0,6	0,6
Loan from owners	6	12,2	5,8	0,0
Trade and other payables		1,3	2,6	4,5
Other current liabilities		3,9	0,7	0,4
Total current liabilities		18,0	9,7	5,5
TOTAL LIABILITIES		28,4	15,2	11,5
TOTAL EQUITY AND LIABILITIES		643,7	19,4	15,7

NOK million	Note	Share capital	Share premium	Other equity	Total	Non-controlling interest	Total equity
Equity as of 1 January 2026		-	-	2,7	2,7	1,5	4,2
Total comprehensive income		-	-	-19,5	-19,5	-1,2	-20,7
Capital increase IPO	3	3,0	612,5	-	615,5	-	615,5
Sale shares in share incentive programme		-	-	4,4	4,4	-	4,4
Cash contribution		1,0	-	-	1,0	-	1,0
Contribution in kind¹		2,0	17,7	-9,8	9,8	-	9,8
Movements between controlling and non-controlling interests		-	-	-2,6	-2,6	2,6	-
Share incentive programme	7	-	-	0,8	0,8	-	0,8
Equity as of 30 June 2026		6,0	630,2	-23,9	612,3	3,0	615,3
Equity as of 4 October 2025		-	-	-	-	-	-
Acquisition Storespeed		-	-	4,7	4,7	1,6	6,3
Capital contribution from parent		-	-	2,2	2,2	-	2,2
Total comprehensive income for the period		-	-	-4,1	-4,1	-0,1	-4,2
Equity as of 31 December 2025		-	-	2,7	2,7	1,5	4,2
¹ Other equity movements relate to contributions in kind of companies already included in the Group as of 1 January 2026, resulting in reclassifications within equity with no net impact on total Group equity, as well as the inclusion of contributed companies with negative net equity.

NOK million	Note	YTD 2026	Q2 2026	Q1 2026
Cash flows from operating activities
Profit/(loss) before tax		-20,7	-14,6	-6,1
Depreciation		0,5	0,2	0,3
Share incentive programme	7	0,8	0,8	-
Changes in working capital:
Trade and other receivables		4,4	5,1	-0,7
Trade and other payables		9,0	10,6	-1,6
Other current liabilities		3,5	3,7	-0,2
Other changes in working capital		-	-	-
Net cash flow from operating activities		-2,4	5,9	-8,3
Cash flows from investing activities
Acquisition of intangible assets		-5,7	-2,2	-3,5
Acquisition of Storespeed AS, net of cash acquired		-	-	-
Net cash flow from investing activities		-5,7	-2,2	-3,5
Cash flows from financing activities
Loan from parent		0,3	-5,7	6,0
Cash from companies transferred via contribution in kind		7,3	7,3	-
Proceeds from IPO	3	615,5	615,5	-
Sale of own shares as part of the employee incentive programme		4,4	4,4	-
Capital increase from parent		1,0	1,0	-
Repayment bank loans		-0,6	-0,6	-
Lease payment		-0,3	-0,2	-0,1
Net contribution from parent		-	-6,2	6,2
Net cash flow from financing activities		627,7	615,6	12,1
Net change in cash and cash equivalents		619,6	619,3	0,3
Cash and cash equivalents at start of period		5,6	5,9	5,6
Cash and cash equivalents at end of period		625,2	625,2	5,9