Slides
Page 1
INVESTOR PRESENTATION Q4/FY 2025 Results February 2026 1
Page 2
|| Agenda FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 2 KEY BUSINESS HIGHLIGHTS Group & Regional financial results Closing remarks and Q&A FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, which include estimates of financial performance and targets. These statements are not guarantees of future performance and involve certain risks and uncertainties. Therefore, actual future results and trends may differ materially from what is forecast in this report due to a variety of factors.
Page 3
|| Challenging end to the year FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 3 01 | KEY BUSINESS HIGHLIGHTS Revenue DKKm 430 (-8.4% growth vs LY) Organic growth % -7.0% (7.1% Q4 24) Operating profit excl. special items, DKKm 18 (DKK 43m Q4 24) Operating margin excl. special items, % 4.2% (9.1% Q4 24) 1,788 (-3.4% growth vs LY) -2.8% (6.0% FY 24) 94 (DKK 117m FY 24) 5.3% (6.3% FY 24) Q4 2025 FY 2025
Page 4
|| Solid strategic progress in a challenging environment FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 4 01 | KEY BUSINESS HIGHLIGHTS Strategic important contract wins across regions Further acceleration of the strategic industry focus Solid execution of strategic initiatives Continued slowdown in the Life Science IT consultancy Highest customer satisfaction score
Page 5
|| Scattered regional performance FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 5 01 | KEY BUSINESS HIGHLIGHTS REGION ASIA • Adjusting for one-off in 2024, growth was strong of ~10% • Improvement in underlying performance driven by expansion of existing engagement whilst adding more new local customers • Strong margin development due to operational and cost efficiency gains carried out REGION US • Unsatisfactory underlying performance driven by postponements of projects and temporary slowdown in contract wins • Additionally, rephasing of revenue leading to a material decline in revenue and directly affecting margin • Underlying performance adj. for revenue rephasing was -2% organic growth and 31% margin REGION EUROPE REGION DK • Strong growth driven by the Public segment and SCALES • Important strategic contracts won that further supports the backlog for 2026 • Improvement in regional operating profit margin despite cost reclassification adj. vs last year • Margin development mainly driven by leverage and structural reduction in the cost base • Continued market unrest resulting in hesitant customer behavior with significant impact on revenue generation • Expansion of the customer portfolio in the lower-tier segments • Profitability uplift due to materialization of cost reducing initiatives and operational efficiency gains Q4 2025 -11.3% (10.3% Q4 24) 17.0% (14.9% Q4 24) Organic growth Reg. OP margin Q4 2025 -27.1% (-12.2% Q4 24) 7.6% (33.7% Q4 24) Organic growth Reg. OP margin Q4 2025 -12.6% (36.9% Q4 24) 14.1% (3.5% Q4 24) Organic growth Reg. OP margin Q4 2025 7.9% (8.9% Q4 24) 15.3% (12.7% Q4 24) Organic growth Reg. OP margin
Page 6
|| Accelerating our strategic industry focus FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 6 01 | KEY BUSINESS HIGHLIGHTS REFINED NNIT ORGANIZATIONAL SET-UP STRENGTHENING THE ALIGNMENT BETWEEN TECHNOLOGY CAPABILITIES AND INDUSTRY FOCUS AREAS Global Enabling Units (CoMaCe, HR, Legal, Finance & IT) Life Sciences Europe | US | Asia Public Denmark SCALES Denmark CEO Global AI CoE Global AI CoE • Establishing Global AI Center of Excellence with direct reporting to CEO to ensure a global focus and solution development REGION DK & SCALES • Region DK will be fully focused on the Public Segment where all Microsoft D365 activities outside SCALES will be transferred to SCALES. The passthrough revenue is still included in the Public segment • Name change from Region DK to Public • SCALES will act as a “fifth” region
Page 7
|| Financial Outlook 2026 FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 7 01 | KEY BUSINESS HIGHLIGHTS Constant currency growth, % Group EBIT margin excl. SI OUTLOOK 2026 0 to 5% 6 to 9% Special items, DKKm Significantly below last year’s level of DKK 83m
Page 8
|| Agenda FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 8 Key business highlights GROUP & REGIONAL FINANCIAL RESULTS Closing remarks and Q&A
Page 9
|| Revenue performance dampened profitability uplift FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 9 Q4 2025 FINANCIAL HIGHLIGHTS, DKKm & % REVENUE GROSS MARGIN ORGANIC GROWTH REGIONAL OP MARGIN excl. SI GROUP OP MARGIN excl. SI KEY HIGHLIGHTS 430.0 (-8.4% vs Q4 24) -7.0% (7.1% in Q4 24) 24.6% (25.0% in Q4 24) 14.9% (16.2% in Q4 24) 4.2% (9.1% in Q4 24) 02 | GROUP & REGIONAL FINANCIAL RESULTS Organic growth Group operating profit margin excl. SI • Strong development in Region DK was more than offset by unexpected slowdown in the US business incl. rephasing of revenue materially lowering organic growth. Additionally, the challenging macro environment continued to negatively impact Region Europe • Adjusting for the rephasing of revenue in US, the underlying organic growth was –3% • In Q4, several new contracts were won within the Life Science segment, and new larger contracts were signed with Public institutions • Already initiated Initiatives materialized as planned with uplift in operational efficiency and reduction of costs • However, group operating profit margin excluding special items was impacted by the lower revenue generation than anticipated • Adjusting for US revenue rephasing, the margin was 8%
Page 10
|| Steadfast through a challenging year FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 10 FY 2025 FINANCIAL HIGHLIGHTS, DKKm & % REVENUE GROSS MARGIN ORGANIC GROWTH REGIONAL OP MARGIN excl. SI GROUP OP MARGIN excl. SI KEY HIGHLIGHTS 1,787.8 (-3.4% vs FY 24) -2.8% (6.0% in FY 24) 25.0% (25.8% in FY 24) 16.4% (16.2% in FY 24) 5.3% (6.3% in FY 24) 02 | GROUP & REGIONAL FINANCIAL RESULTS Organic growth Group operating profit margin excl. SI • Growth has been significantly impacted by the market unrest leading to hesitant customer behavior, especially amongst the tier 1 customer segment • Despite solid performance in the Public segment and SCALES, and several contract wins across regions, the growth ended in negative territory mainly due to Region US and Region Europe • The profitability development was impacted by the negative development in revenue • In 2026, the cost base has been reduced through capacity adjustments, less facility cost, IT consumption and services • Operational efficiency gains have supported the profitability, especially in the second half with uplift in utilization and synergies from integration of group companies
Page 11
|| Special items ended at DKK 83m for FY25 FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 11 02 | GROUP & REGIONAL FINANCIAL RESULTS SPECIAL ITEMS DEVELOPMENT BRIDGE, DKKm 5 53 83 45 11 16 Earn-out payment 3 New IT platforms & integration Restructuring costs Special items, 9M 2025 Restructuring costs Q4 initiated internal projects 3 Other Special items, FY 2025 Q4 20259M YTD 2025
Page 12
|| Free cash flow materially improved in H2 2025 FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 12 02 | GROUP & REGIONAL FINANCIAL RESULTS FREE CASH FLOW DEVELOPMENT, DKKm -134 -47 -40 H1 2025 87 H2 2025 FY 2025 7 Change YoY FY 2024 Free cash flow, DKKm Improvement mainly driven by optimization of managing trade receivables and more timely payment schedules for customers and partly by non-recurring items
Page 13
|| Update of the financial disclosure to reflect industry focus FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 13 02 | GROUP & REGIONAL FINANCIAL RESULTS TERMINOLOGY UPDATE UPDATE TO THE FINANCIAL REPORTING STRUCTURE Key definitions has been reassessed to be more accurate in the terminology To reflect the refined organizational footprint to accelerate the industry focus, the financial reporting has been updated REVENUE PRODUCTION COST REGIONAL OVERHEAD COST REGIONAL EBIT CORPORATE COST GROUP EBIT Europe US Asia Corporate Finance & IT Human Resources CoMaCe Legal & management Global AI CoE Public SCALES LIFE SCIENCE PUBLIC SCALES Solely focus on service offerings to the Public segment All Microsoft Dynamics 365 technology offerings consolidated Revenue terminology • Revenue growth → Reported revenue growth • Organic growth → Constant currency growth • Organic growth term will only be used if M&A has been taken place Profitability terminology • Regional operating profit → Regional EBIT • Group operating profit → Group EBIT
Page 14
|| Financial outlook 2026 FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 14 02 | GROUP & REGIONAL FINANCIAL RESULTS FINANCIAL OUTLOOK 2026 KEY DRIVERS & ASSUMPTIONS BEHIND THE OUTLOOK 2026 CONSTANT CURRENCY REVENUE GROWTH GROUP EBIT MARGIN EXCL. SPECIAL ITEMS 0% to 5% 6% to 9% Significantly lower than 2025 SPECIAL ITEMS Revenue/business drivers • NNIT continue executing on its strategic plan with accelerated focus towards the Public and Life Science segments • Growth primarily to be driven by expansion into the lower-tier segments, new larger Public contracts to start and expansion of existing engagements partly offset by tier 1 customer behaviour to continue Profitability to improve driven by several factors: • Continued focus on improving operational efficiency such as utilization and billability • Full-year impact from structural cost reductions executed during 2025 • Continued focus on cost optimization across the business Key assumptions • First quarter to be below the guided ranges as gradual improvement is expected • No deterioration of the current macroeconomic environment and the geopolitical uncertainty remains at the same level as for 2025 • No M&A activity assumed in the financial outlook for 2026
Page 15
|| Agenda FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 15 Key business highlights Group & Regional financial results CLOSING REMARKS AND Q&A
Page 16
|| Closing remarks FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 16 03 | CLOSING REMARKS & Q&A CHALLENGING END TO THE YEAR SOLID STRATEGIC PROGRESS CONTINUES IMPORTANT CONTRACTS WON OUTLOOK 2026 REFLECTS IMPROVEMENT
Page 17
|| Q&A FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 17
Page 18
| 18FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION APPENDIX
Page 19
| The NNIT investment case NNIT will grow its existing business utilizing its core assets alongside increasing profitability. Further opportunities to grow through M&A supported by robust balance sheet 01 | GROWTH Well-positioned in globally attractive markets with ample growth opportunities 02 | PROFITABILITY Leveraging existing assets and reducing cost base will lift profitability 03 | BALANCE SHEET Poised for growth with robust balance sheet and leverage ratio of 0-1x 04 | M&A Build on solid track record of acquiring and integrating companies to accelerate growth through M&A FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 19
Page 20
| Industry-leading employer with strong attraction, retention and employee development A truly international company driven by strong regions and an international management team A commercially savvy company where everyone acts as commercial leaders A leading international life sciences solution provider within R&D, Manufacturing, Quality and Commercial areas A Public Denmark specialist driven by our customized application expertise Easy to deal with due to future-fit systems and processes Our future state In 2026, we are an industry leading employer and solution provider specialized in international life science and the Danish Public market FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 20
Page 21
| Business approach Our solutions portfolio delivers a strong value proposition to specific customer needs with regional execution Together with our customers and partners, we bring digital transformation to life and make a mark. We target industries where regulatory demands, high complexity and quality of life is at play FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Life Sciences Global Region Europe Region US Region Asia R&D Manufacturing & Supply Chain Quality & Compliance Commercial IT Data & Digital Solutions portfolio Public & Private in Denmark Region Denmark Custom Applications Development Microsoft Solutions (incl. Scales) SAP DevOps Advisory & Cybersec Solutions portfolio 21
Page 22
|| Focus towards 2026 FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION We aspire to grow faster than the market i.e. take market shares Focused M&A approach to support our new strategy Building domain and tech competencies in selected parts of the global life sciences value chain and the Danish Public sector Continued investments in bringing new repeatable services to the market New organization catering to regional autonomy to meet local market needs OUTGROWING THE MARKET DOMAIN FOCUS REPEATABILITY INTERNATIONAL MINDSET ACQUISITIONS 22
Page 23
|| Group P&L FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION NNIT A/S Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 430.0 431.6 462.2 464.1 469.6 1,788 1,851 Production cost 324.0 318.5 353.5 344.3 352.2 1,341 1,372 Gross profit 106.0 113.1 108.7 119.8 117.4 447 479 Gross margin 24.7% 26.2% 23.5% 25.8% 25.0% 25.0% 25.8% Regional overhead cost 41.9 34.1 33.5 45.4 41.4 155 180 Regional operating profit 64.1 78.9 75.1 74.4 76.0 292 299 Regional operating profit margin 14.9% 18.3% 16.3% 16.0% 16.2% 16.3% 16.2% Corporate cost 46.0 43.4 52.2 56.4 32.7 198 182 Group operating profit excl. special items 18.1 35.6 22.9 18.0 43.3 94 117 Group operating profit margin excl. special items 4.2% 8.2% 5.0% 3.9% 9.1% 5.3% 6.3% Special items 29.8 7.9 20.3 25.3 55.7 83 69 Group operating profit incl. special items -11.9 27.7 2.7 -7.3 -12.4 11 48 Group operating profit margin incl. special items -2.8% 6.4% 0.6% -1.6% -2.6% 0.6% 2.6% 23
Page 24
|| Region Europe P&L - restated FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Region Europe Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 151.7 148.0 160.5 168.5 170.9 629 699 Production cost 115.9 115.7 126.4 128.2 131.1 486 543 Gross profit 35.8 32.3 34.1 40.3 39.8 143 157 Gross margin 23.6% 21.8% 21.3% 23.9% 23.3% 22.7% 89.4% Regional overhead cost 9.9 10.6 8.1 17.0 14.4 46 57 Regional operating profit 25.9 21.7 26.0 23.2 25.4 97 100 Regional operating profit margin 17.1% 14.7% 16.2% 13.8% 14.9% 15.4% 56.8% Corporate cost 16.2 15.4 18.9 21.1 12.4 72 61 Group operating profit excl. special items 9.7 6.4 7.1 2.1 13.0 25 39 Group operating profit margin excl. special items 6.4% 4.3% 4.4% 1.3% 7.6% 4.0% 21.8% 24
Page 25
|| Region Europe P&L – before restatement FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Region Europe Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 108.9 105.0 116.4 119.3 124.2 450 512 Production cost 83.1 84.1 90.8 92.3 91.6 350 391 Gross profit 25.7 20.9 25.6 27.0 32.6 99 121 Gross margin 23.6% 19.9% 22.0% 22.7% 26.2% 22.1% 23.6% Regional overhead cost 8.1 8.7 6.0 15.1 13.2 38 54 Regional operating profit 17.7 12.2 19.6 11.9 19.4 61 67 Regional operating profit margin 16.2% 11.6% 16.8% 10.0% 15.6% 13.6% 13.0% Corporate cost 11.6 11.0 13.8 15.4 9.3 52 51 Group operating profit excl. special items 6.1 1.1 5.6 -3.5 10.1 9 16 Group operating profit margin excl. special items 5.6% 1.1% 4.8% -2.9% 8.1% 2.1% 3.1% 25
Page 26
|| Region US P&L FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Region US Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 53.8 82.7 89.2 87.0 79.7 313 346 Production cost 37.2 53.0 59.6 50.1 36.7 200 207 Gross profit 16.6 29.7 29.6 36.9 43.0 113 139 Gross margin 30.9% 35.9% 33.2% 42.5% 54.0% 36.1% 40.0% Regional overhead cost 12.5 8.9 10.2 10.5 16.3 42 66 Regional operating profit 4.1 20.8 19.4 26.4 26.7 71 73 Regional operating profit margin 7.6% 25.2% 21.7% 30.4% 33.7% 22.6% 21.2% Corporate cost 8.0 8.0 9.7 10.4 5.2 36 34 Group operating profit excl. special items -3.9 12.8 9.7 16.1 21.5 35 39 Group operating profit margin excl. special items -7.2% 15.5% 10.9% 18.5% 27.0% 11.1% 11.3% 26
Page 27
|| Region Asia P&L FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Region Asia Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 36.1 41.8 37.9 37.0 44.3 153 149 Production cost 27.6 33.0 31.2 30.2 40.1 122 123 Gross profit 8.5 8.8 6.7 6.8 4.2 31 26 Gross margin 23.5% 21.0% 17.7% 18.3% 9.5% 20.2% 17.2% Regional overhead cost 3.4 3.7 4.0 3.9 2.6 15 18 Regional operating profit 5.1 5.1 2.8 2.8 1.6 16 8 Regional operating profit margin 14.1% 12.1% 7.3% 7.6% 3.5% 10.3% 5.2% Corporate cost 3.9 3.8 4.4 4.7 2.9 17 14 Group operating profit excl. special items 1.2 1.2 -1.6 -1.9 -1.3 -1 -6 Group operating profit margin excl. special items 3.3% 2.9% -4.2% -5.1% -2.9% -0.7% -4.0% 27
Page 28
|| Region Denmark P&L - restated FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Region DK Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 188.4 159.1 174.6 171.6 174.6 693 657 Production cost 143.3 116.8 136.3 135.8 144.3 533 500 Gross profit 45.1 42.3 38.2 35.8 30.4 161 157 Gross margin 23.9% 26.6% 21.9% 20.9% 17.4% 23.2% 96.4% Regional overhead cost 16.1 10.9 11.3 13.9 8.1 52 39 Regional operating profit 29.0 31.4 26.9 22.0 22.3 109 118 Regional operating profit margin 15.4% 19.7% 15.4% 12.8% 12.7% 15.7% 72.6% Corporate cost 17.9 16.2 19.2 20.3 12.2 73 71 Group operating profit excl. special items 11.1 15.2 7.7 1.7 10.0 35 48 Group operating profit margin excl. special items 5.9% 9.6% 4.4% 1.0% 5.7% 5.1% 29.2% 28
Page 29
|| Region Denmark P&L – before restatement FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION Region DK Quarterly performance FY performance DKKm Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 FY25 FY24 Revenue 231.2 202.1 218.7 220.8 221.4 873 844 Production cost 176.1 148.4 171.9 171.7 183.8 668 651 Gross profit 55.1 53.7 46.8 49.1 37.6 205 193 Gross margin 23.8% 26.6% 21.4% 22.2% 17.0% 23.4% 22.9% Regional overhead cost 18.0 12.8 13.4 15.8 9.3 60 42 Regional operating profit 37.1 41.0 33.4 33.3 28.3 145 151 Regional operating profit margin 16.0% 20.3% 15.3% 15.1% 12.8% 16.6% 17.9% Corporate cost 22.4 20.5 24.3 26.0 15.3 93 83 Group operating profit excl. special items 14.6 20.5 9.2 7.3 13.0 52 68 Group operating profit margin excl. special items 6.3% 10.1% 4.2% 3.3% 5.9% 5.9% 8.1% 29
Page 30
||FEB 2026 NNIT | Q4/FY 2025 RESULTS | INVESTOR PRESENTATION 30