Financial Performance - IDEX Biometrics reported operating expenses excluding cost of materials and depreciation of $5.2 million for the first half of 2025, a 52% reduction compared to $10.7 million in the same period of 2024 [2] - The company had a net loss of $2.1 million for the quarter, with revenues of $0.1 million [2] - Cash balance as of June 30, 2025, was $1.0 million [2] Operational Changes - The company reduced its full-time equivalent staff from 59 on June 30, 2024, to 30 by the end of Q2 2025, resulting in a 73% reduction in compensation and benefits costs compared to the previous quarter [2] - A renegotiation of Heights convertible bond reduced the outstanding principal from approximately NOK 66.6 million to NOK 50.0 million, and further to approximately NOK 33.3 million in July [2] - The company aims to achieve a quarterly run rate of operating expenses between $1.5 million and $1.7 million by the end of Q3 2025 [2] Management and Governance - On June 1, 2025, IDEX strengthened its management team by appointing Kjell-Arne Besseberg as Chief Operating Officer [2] - On June 30, 2025, CEO Anders Storbråten also took on the role of CFO, consolidating the two positions to reduce costs and enhance focus on investor relations [2] - Employees, directors, and consultants subscribed for 299,381,600 shares totaling approximately NOK 3.0 million on June 15, 2025, to strengthen alignment of interests within the company [2] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [1] - The company partners with leading card manufacturers and technology companies to bring its biometric solutions to market [1]

Core Insights - IDEX Biometrics ASA completed Tranche 2 of a private placement, involving 4,359,315 shares lent by CEO and CFO Anders Storbråten at a price of NOK 3.30 per share [1] - After the completion of Tranche 2, Anders Storbråten and close relations hold a total of 11,555,213 shares, representing 20.3% of the total outstanding shares and votes in IDEX Biometrics [2] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [3]

Group 1 - IDEX Biometrics ASA conducted a private placement of 9,090,909 shares at NOK 3.30 per share, divided into two tranches [1] - In tranche 2, a total of 4,813,857 shares were included, which also accounted for underwriting shares [1] - Pinchcliffe AS and CEO Anders Storbråten subscribed to 469,255 and 703,883 shares respectively, resulting in Storbråten and close relations holding 7,195,898 shares, or 13.81% of total outstanding shares after tranche 2 [2] Group 2 - K-konsult AS, related to chair Morten Opstad, subscribed to 153,343 shares, while Opstad subscribed to 50,000 shares at the same price of NOK 3.30 per share [3] - IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company collaborates with leading card manufacturers and technology firms to market its biometric solutions, which are based on proprietary sensor technologies and integrated circuit designs [3] Group 3 - The notice regarding the private placement was issued by COO Kjell-Arne Besseberg on 23 August 2025, in compliance with EU Market Abuse Regulation and Norwegian Securities Trading Act [4]

Group 1 - IDEX Biometrics ASA announced a private placement of 9,090,909 shares at NOK 3.30 per share, divided into two tranches, with Tranche 2 and underwriting shares registered for delivery soon [1] - Following the share issuance, the company's total share capital will amount to NOK 56,909,707, consisting of 56,909,707 shares, each with a nominal value of NOK 1.00 [2] - IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, focusing on card-based applications [3] Group 2 - The notice regarding the share placement was issued by the COO on 22 August 2025, in compliance with the Norwegian Securities Trading Act [4]

Financial Data and Key Metrics Changes - Reported revenues were negative $2.2 million, while adjusted revenues were $4.3 million, with a difference of $6.5 million due to adjustments related to difficulties in China [13] - Adjusted gross margin was 39%, significantly lower than the previous year's high of 57% due to product mix [7][13] - Adjusted EBITDA was negative $14.2 million compared to $6.7 million in Q2 2024, primarily due to revenue adjustments and lower product shipments [14] - Cash at the end of the quarter was $22.1 million, down from $39.9 million at the end of Q1 2025 [14] Business Line Data and Key Metrics Changes - The company launched two new products: NeXT Granite (Fab 30 sized sensor) and NeXT Basalt L1 Slim, targeting different market segments [7][9] - The company achieved 12 design wins in the first half of the year, meeting its target for the entire year [10] - The restructuring of the China business has led to tighter controls and improved financial credit checks [5] Market Data and Key Metrics Changes - Sales in India were significantly impacted due to a market pause from November to mid-April, leading to lower sales in Q2 [6] - The company is expecting significant growth in Q3 and Q4, particularly in the Indian market [6] Company Strategy and Development Direction - The company is focusing on expanding its product portfolio with higher security requirements, particularly in government ID and high-end fingerprint sensors [31][46] - Plans to consolidate the market and explore opportunities in the IAM business and government ID fingerprint sensor market [46][47] - The company aims to achieve close to NOK 50 million in quarterly revenues by 2026, with a focus on recurring revenues and design wins [48][50] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term challenges but expressed confidence in the sales pipeline and expected improvements in cash flow [52] - The company is optimistic about becoming cash positive in Q4 and anticipates a strong second half of the year [45][51] Other Important Information - The company has secured a mass production order for the Fab 30 product, confirming market demand and product value proposition [37][39] - A potential private placement of SEK 15 million to 20 million is being discussed to address short-term liquidity needs [11] Q&A Session Summary Question: When will the first Fab 30 order be delivered? - The first mass production order is expected to be completed by Q4 this year [56] Question: Are there any other deliveries expected before Q4? - There are indications that deliveries could occur even earlier with other partners [57]

NEX T BI OM ET RI CS GR OU P ASA Q2 Presentation Aug ust 20, 2025 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for NEXT Biometrics Group ASA ...

Core Viewpoint - Fingerprint Cards AB (FPC) held an Extraordinary General Meeting on August 18, 2025, where significant resolutions were passed regarding a reverse share split [1]. Group 1: Reverse Share Split - The Meeting resolved to revoke previous resolutions concerning the reverse share split and amend the articles of association to enable this action [2]. - A reverse share split of 2,000 existing shares into one share was approved, resulting in a decrease of shares from 15,175,375,766 to 7,587,687 shares, and votes from 15,246,250,766 to 7,623,120 votes [2]. - After the reverse share split, each share will have a quota value of approximately SEK 21.353477 [2]. Group 2: Shareholder Impact - The aggregation of shares will involve rounding down for shareholders with excess shares, and an issuing agent will be used for the sale of B shares corresponding to the fractions resulting from rounding down [3]. - Allocation of new shares to shareholder and nominee accounts will be done automatically, with excess shares being transferred to the issuing agent for sale [3]. - Compensation for fractions will be provided to shareholders by the issuing agent or Euroclear, and excess shares that do not entitle holders to new shares will be cancelled [3]. Group 3: Future Communications - A separate press release will be issued once the Board of Directors determines the record date for the reverse share split [4].

Core Insights - IDEX Biometrics ASA announced a private placement of 9,090,909 shares at NOK 3.30 per share, with additional information disclosed on behalf of a major shareholder and primary insider [1] - Mr. Storbråten has lent 4,359,315 shares for the settlement of Tranche 2, which will be returned in due course, leaving him and close relations with 6,875,755 shares, representing 13.20% of total outstanding shares [2] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, focusing on convenience, security, and seamless user experiences [3] - The company utilizes patented sensor technologies, integrated circuit designs, and software to target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [3] Regulatory Compliance - The notice regarding the share lending was issued in compliance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act, ensuring transparency in shareholding disclosures [4]

Core Points - IDEX Biometrics ASA held an extraordinary general meeting on 14 August 2025, where all resolutions were passed as proposed [1] - The minutes of the meeting will be made available on the company's website in due course [1] - IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [1] - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [1] - IDEX partners with leading card manufacturers and technology companies to bring its solutions to market [1] Company Information - IDEX Biometrics ASA is focused on delivering convenience, security, and seamless user experiences through its biometric solutions [1] - The company’s reports and presentations can be accessed on its investor website [1] - The notice regarding the extraordinary general meeting was issued by the COO on 14 August 2025, in compliance with the Norwegian Securities Trading Act [2]

Core Insights - The company has reported strong core revenue growth, with a 40% increase in Q2 2025 and a 66% increase for the first half of the year compared to the same period in 2024, driven by high demand for biometric authentication solutions [5][6][12] - The gross margin remained robust at 48.1% in Q2 and 53.0% for the first half, significantly higher than previous levels in exited Mobile and PC businesses [6][8] - The company is focused on cash flow positivity while making targeted investments for long-term growth, supported by a leaner cost structure and reduced headcount by 59% compared to Q2 2024 [8][9] Financial Performance - Revenue for Q2 2025 amounted to SEK 15.7 million, up from SEK 11.2 million in the previous year, while total revenue for the first half reached SEK 33.9 million, compared to SEK 20.4 million [6][5] - EBITDA for Q2 was negative SEK 20.3 million, an improvement from negative SEK 57.6 million year-over-year, while adjusted EBITDA also reflected the same negative figure [6] - Cash flow from operating activities was negative SEK 18.3 million in Q2, showing a slight improvement from negative SEK 20.9 million in the previous year [6] Strategic Initiatives - The company has entered a licensing agreement for PC-related assets with Egis Technology for approximately SEK 24 million, which includes potential royalty payments, aligning with its strategy to monetize existing IP assets [13] - A strategic partnership with Anonybit is evolving, focusing on a cloud-based platform for privacy-first biometric authentication, enhancing market presence [10][11] - The company is expanding its sales capacity and marketing efforts to drive engagement and lead generation, including a new website to support future growth [14] Operational Improvements - The company is modernizing operations by simplifying core processes and adopting AI-based productivity tools to enhance efficiency and scalability [15] - Continued efforts to streamline operations are aimed at reducing operating expenses and strengthening financial flexibility [9] - The addition of experienced board members is expected to accelerate strategic execution across key dimensions, including technology monetization and revenue growth [12]