IDEX Biometrics ASA – Business Update – 21 July 2025

Group 1 - The company is executing its strategy to become the world's leading biometric ID company, focusing on ID & Access and Pay sectors with a disciplined capital allocation and long-term value creation [1] - IDEX has delivered multiple test cards as part of letters of intent with customers, aiming to enter distribution and purchase agreements after successful trials, with positive feedback received so far [2] - The company is focused on cutting costs and accelerating time to market for its new product portfolio, with an improved product line expected to launch in Q3 2025 [3] Group 2 - IDEX launched the world's first biometric metal card in Bangladesh on July 5, 2025, in collaboration with Mastercard and EBL, with positive business activity reported post-launch [4] - In July 2025, the company executed a share issue towards employees and board members, reinforcing commitment to its success [5]