REGULATED INFORMATION | September 30, 2025 – 5.45pm SYNERGIE announces the release of its 2025 HALF-YEAR Financial Report Synergie hereby announces that its half-year financial report (french version) for the period ending June 30, 2025, has been filed with the Autorité des marchés financiers (AMF) and is now available to the public. The report is available on its website www.synergie.com, under the “Financial informations” section, within the “Financial Reports” category. About Synergie European leader in ...

Financial Data and Key Metrics Changes - The first quarter revenues were $355 million, nearly flat compared to the previous year on a pro forma basis [22] - Adjusted EBITDA for the first quarter was $92 million, with an adjusted EBITDA margin of 26%, up approximately 200 basis points year-over-year on a pro forma basis [23] - Adjusted diluted EPS was $0.17, flat year-over-year [24] Business Line Data and Key Metrics Changes - Combined upsell, cross-sell, and new logo rates delivered 9.3% growth in the quarter, with retention remaining high at 96% [23][13] - The sales pipeline momentum included 14 enterprise bookings in the first quarter, totaling 78 in the last twelve months, each with $500,000 or more of expected annual contract value [13] - The average deal size increased, indicating strong package density and value selling across most verticals and geographies [13] Market Data and Key Metrics Changes - The transportation vertical showed healthy demand, while there was a slowdown in order volumes within the retail and e-commerce verticals [15][16] - International operations reported an 8% increase, with growth across all regions including EMEA, India, APAC, and Australia [90] Company Strategy and Development Direction - The company is focused on executing its FA five-point-zero strategy, emphasizing customer retention, synergy realization, and integration of the Sterling acquisition [8][9] - The integration process is on track, with a focus on leveraging the best solutions and technologies from both First Advantage and Sterling [18] - The company aims to achieve run rate synergies of $60 million to $70 million within two years post-acquisition [26] Management's Comments on Operating Environment and Future Outlook - Management remains cautious due to macroeconomic uncertainties but has not observed significant changes in fundamental demand drivers [9][11] - The company expects base revenues to remain a growth headwind in Q2 but anticipates sequential improvement later in the year [29][30] - Management is confident in achieving adjusted EBITDA margins around or above 28% starting in Q2, with free cash flow projected between $65 million and $95 million for 2025 [31] Other Important Information - The company has contingency plans in place to manage potential economic slowdowns and is prepared to take actions to reduce costs as needed [11] - The company hosted a record number of attendees at its annual Collaborate User Conference, indicating strong customer engagement [20] Q&A Session Summary Question: Can you elaborate on the cross currents from clients? - Management noted strong order volumes but clients are in a wait-and-see mode regarding forecasting due to macroeconomic conditions [36][38] Question: How is retention trending for the Sterling base? - Retention remains high at 96%, with Sterling customers excited about new features and upgrades [40][42] Question: What gives confidence in the guidance? - Confidence stems from strong new logo generation and upsell/cross-sell revenue, with a focus on maintaining historical retention levels [71] Question: Are you seeing more RFPs post-Sterling? - RFP volumes are normal, driven by trends in the industry, particularly around digital identity [66] Question: How long does onboarding for large deals typically take? - Onboarding for large and complex deals typically takes about six months, with revenue expected to start in late Q2 or early Q3 [68] Question: How is the international business performing? - International operations have shown consistent growth, with an 8% increase, driven by a focus on risk and compliance [90]