Core Viewpoint - NRD Cyber Security has decided to liquidate its Bangladesh-based entity while continuing its operations in the region without a registered legal entity [1][2]. Group 1: Company Actions - NRD Cyber Security has been operating in Bangladesh since 2015, contributing to the development of national cybersecurity capabilities [2]. - The company controls 99% of NRD Bangladesh's shares, which will be purchased by its founder, Norway Registers Development AS, to facilitate the liquidation [3]. - The planned liquidation will not impact the overall value of NRD Cyber Security or Norway Registers Development AS [3]. Group 2: Business Focus - NRD Cyber Security aims to focus on business development in the Indo-Pacific region following the liquidation of its Bangladesh entity [2]. - The company provides a range of cybersecurity solutions and consulting services, aiming to create secure digital environments for various stakeholders [4].

Group 1: Financial Performance - NRD Cyber Security's consolidated revenue for the first half of this year increased by 45.3% to EUR 5.3 million compared to the same period in 2024 [1] - Gross profit for the comparable period increased by 30.5% to EUR 2.5 million [1] - EBITDA increased by 58.2% to EUR 0.9 million [1] Group 2: Market Trends and Opportunities - The market is shifting towards a holistic approach to cybersecurity services, moving away from individual services [2] - There is an increasing expectation for cybersecurity-as-a-service, which includes procedures, processes, technology security configurations, and threat detection and prevention [2] - The growth of Security Operations Centres (SOCs) worldwide is expected to create new opportunities for specialized monitoring tools like Natrix, a cybersecurity threat monitoring platform developed by the company's R&D team [2] Group 3: Company Overview - NRD Cyber Security offers cybersecurity solutions, consulting, and services aimed at creating secure digital environments for countries, governments, and businesses [3] - The company is managed by INVL Technology, which is a Nasdaq Vilnius-listed IT investment company [3]

Core Insights - NRD Cyber Security experienced significant growth in 2024, with consolidated revenue reaching EUR 10,194 million, a 37.6% increase from 2023, and net profit rising by 23.3% to EUR 1,012 million [1][2] Group 1: Financial Performance - The company generated consolidated revenue of EUR 10,194 million in 2024, marking a 37.6% increase compared to the previous year [1] - Net profit for the year was EUR 1,012 million, reflecting a 23.3% growth from 2023 [1] Group 2: Market Demand and Project Implementation - The results indicate a growing global demand for cybersecurity services, with the company's team successfully implementing complex projects in both Lithuania and international markets [2] - There is an increasing need for organizations to enhance their cyber resilience at operational and IT infrastructure levels [2] Group 3: International Projects and Collaborations - NRD Cyber Security has developed internationally recognized security solutions, including the Natrix platform, which has been deployed in the Egyptian financial sector [3] - The company completed a major project with the European Union Agency for Cybersecurity (ENISA) to assess and enhance the cyber resilience of EU countries [4] - Other notable projects include the development of a postal ISAC for the Universal Postal Union and the design of a cybersecurity incident response team for the Eastern Caribbean Region [4] Group 4: Innovation and Strategic Development - The company actively invests in innovative solutions that align with national and EU strategic priorities, enhancing the capabilities of Security Operations Centres (SOCs) to exchange critical information in real time [5] - NRD Cyber Security aims to create secure digital environments for various stakeholders, including countries, governments, and businesses [6]