Oslo, 20 May 2026

Financial highlights:

  · Revenue NOK 209.7m (236.4), -11.3% y/y

  · EBIT NOK 15.9m (22.6), corresponding to a margin of 7.6% (9.6%)

  · 386 employees at the end of quarter, down from 400 in Q4 25

The revenue decline was primarily driven by lower headcount while hourly rates
increased in line with the consumer price index, reflecting disciplined
commercial execution and recognised client value. Utilisation was impacted by
long-term projects coming to an end, though improvement was seen as the quarter
progressed. The EBIT margin was protected by flexible salary models but
negatively impacted by reduced scale. The market in Q1 remained challenging,
with high activity level in the public sector albeit pricing pressure and
cautiousness in the private sector.

CEO comment:

"Q1 was a demanding quarter, and we are clear-eyed about the drivers. The
reduction in headcount reflects both a deliberate strategic recalibration and a
market where competition for talent is intense. What gives us confidence is the
quality of what we are building: stronger commercial leadership, a sharper
competence profile, and growing traction in AI-related work. We believe the
worst of the headcount adjustment is behind us, and we expect gradual
improvement through the second half of 2026," says CEO Kristine Lund.

Commercial highlights:

  · A dedicated AI team was established to scale AI-related deliveries and
client offerings
  · Selected hiring with capacity added in high-demand fields, like AI skilled
senior developers
  · New frame agreements were signed with Havtil, and Nettalliansen was added as
a new client with an end-to-end data platform delivery based on AWS, Snowflake
and dbt
  · Strengthened commercial organisation with the appointments of Runar Thorsrud
as National Sales Director and Ragnar Alstad as National Industry Lead for Oil
and Gas

Outlook

Market conditions are expected to remain uncertain in the near term, with
continued pricing pressure and cautious client behaviour likely to persist
through at least the first half of 2026.

Contact details for further information:

Henning Hesjedal, CFO

Cell: +47 916 83 601

Email: ir@webstep.no

Website: www.webstep.no

Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
e requirements pursuant to section 5\
-12 of the Norwegian Securities Trading Act.\