Preliminary “INVL Technology” 2025 operating results

Company Overview - As of 31 December 2025, INVL Technology's equity and net asset value reached EUR 64.6 million, marking a 26% increase from the previous year, with a NAV per share of EUR 5.4 [1][3] - The unaudited net profit for 2025 was EUR 13.3 million, which is 1.6 times higher than the previous year's profit of EUR 8.1 million [11] NRD Cyber Security - NRD Cyber Security was valued at EUR 23.7 million as of 31 December 2025, which is 2.6 times higher than at the end of 2021 [5] - The company's revenue for 2025 reached EUR 14.2 million, reflecting a 24% year-on-year increase and 2.3 times higher than in 2021 [5][6] - Normalised EBITDA for NRD Cyber Security amounted to EUR 2 million, up 65% year on year and 2.6 times higher than four years ago [5] Novian - Novian was assessed at EUR 29.4 million by Deloitte, representing a 34% increase compared to year-end 2024 and a 50% growth since 2021 [7] - The unaudited consolidated revenue for Novian in 2025 was EUR 40.1 million, roughly flat year on year but 56% higher than four years earlier [7] - Normalised EBITDA grew by 23% compared to 2024 and doubled versus 2021 [7] NRD Companies - The NRD Companies group reached a value of EUR 16.9 million at the end of 2025, up 20% year on year [9] - Unaudited consolidated revenue for NRD Companies was EUR 11.9 million, with normalised EBITDA of EUR 1.9 million, reflecting increases of 20% and 67% respectively compared to 2024 [9][10] Aggregate Results - The combined unaudited revenue of companies managed by INVL Technology was EUR 77.4 million in 2025, a 12% increase compared to 2024 [11] - Aggregate gross profit increased by 15% year on year to EUR 22.4 million, while normalised aggregate EBITDA grew by 42% to EUR 7.5 million [11] Strategic Developments - INVL Technology has signed a cooperation agreement with ICON Corporate Finance for the divestment of its portfolio businesses [12]