Highlights from the fourth quarter 2025:

Laying the groundwork for the "New Techstep"

  · Successful carve-out and divestment completed 2 February 2026
  · Decisive cost-base reductions and right sizing the organisation
  · Implementation of one ERP system to drive operational efficiency and reduced
cost
  · New and improved backbone powered by AI & Automation & new commerce platform
to increase speed and scalability


Solid commercial momentum continues

  · Agreed on a new contract with Sykehuspartner in November, effective from 1
January 2026, covering the comprehensive management of clinical devices across
all hospitals within Helse Sør-Øst RHF
  · Signed a strategic partnership with Pradeo in November to deliver a combined
MDM and MTD solution for the European market, solid pipeline and strong momentum
in Spain and other European markets
  · Won a comprehensive Proof-of-concept for MDM and MTD with Generalitat de
Catalunya in Spain, covering potentially 78.000 devices with startup in Q1 2026
  · Signed final agreement with Fonua for Device Lifecycle Management for their
existing and fast-growing customer base in November, and the agreement was
operational at year end
  · Last days before Christmas, the largest deal of the year was closed on the
Essentials MDM solution with the Polish Police, adding 15.000 users to the
platform
  · Began rollout of the new security offering with Telia and customers are now
being onboarded and secured with the Telia Mobilvakt service
  · The core own scalable software platforms, Essentials MDM and Lifecycle DLM,
grew 23% y/y

Challenging Q4 with increased extraordinary costs and resource consumption

  · Net gross profit at NOK 82.4 million, down 13% y/y, affected by delays in
deliveries and termination of legacy Telecom Expense solution
  · EBITA adj., at NOK -5.4 million. affected by investments in efficiency
improvements


"Q4 truly marks the beginning of a new chapter for Techstep. Throughout Q4, we
completed the heavy lifting required to reshape the company into a leaner, more
focused and more scalable organisation. Although the extraordinary nature of the
quarter impacted both revenues and profitability negatively, the structural
improvements we have now delivered position us strongly as we enter 2026.
The successful carve-out of the BCM unit was a key milestone, enabling sharper
focus of resources, expertise, and offerings. In parallel, significant
investments have been made in building a stronger technological backbone, which,
together with increased use of AI and automation, will deliver a unified
customer experience and significantly improve speed, scalability, and
operational excellence across Techstep. Decisive cost-base reductions are now
implemented through right-sizing and organizational restructuring. As the year
concluded, Techstep maintained strong commercial tailwinds, with a robust
pipeline and strengthening partnerships in Europe, alongside solid momentum in
the Nordics fueled by the managed healthcare rollout and mobile-first strategies
across several industries. Entering 2026, many foundational measures have been
completed to accelerate growth, improve margins, and realise the full potential
of our scalable software and services portfolio.," says Morten Meier, CEO of
Techstep.

Material

Please find the report and presentation for Q4 enclosed.

Presentation and Q&A:

A live presentation and Q&A session will take place today at 8:00 am CEST and
can be accessed by clicking and registering using the following link:

Microsoft Virtual Events Powered by
Teams (https://events.teams.microsoft.com/event/5eb00f31-e0a7-4e4f-b56c
-a46af4563993@56b3dd67-66b5-4d6a-9954-22469dfcf18b)

Questions for the Q&A session may be submitted in advance to ir@techstep.no, or
live during the session itself. A recording of the Q&A session will be made
available on www.techstep.io after the session has concluded.

For more information:

Morten Meier, CEO, Techstep ASA: +47 970 57 717

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About Techstep

Techstep is a mobile & circular technology company, enabling organisations to
perform smartly, securely, and sustainably by combining mobile devices, software
and expertise to meet customers' business and ESG goals. We are a leading
provider of managed mobility services in Europe, serving more than 2 100
customers in Europe with an annual revenue of NOK 1.0 billion in 2025. The
company is listed on the Oslo Stock Exchange under the ticker TECH. To learn
more, please visit www.techstep.io.

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 the Norwegian Securities Trading Act. This stock exchange
release was published by Ellen Solum, CFO, Techstep ASA, on 13 February 2026 at
07:00 CET.