Solteq

Stock Exchange Bulletin
Managers' Transactions
March 9, 2026, at 11:50 a.m. EET

Solteq Plc - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Great Expectations Capital Oy
Position: Member of the Board/Deputy member
(X) Legal person  (1):Person Discharging Managerial Responsibilities In Issuer
Name: Aarne Aktan
Position: Chief Executive Officer
Issuer: Solteq Oyj
LEI: 743700HXWTM31ZHBXW13
Notification type: INITIAL NOTIFICATION
Reference number: 146210/5/4
____________________________________________

Transaction date: 2026-03-05
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009007991
Nature of transaction: ACQUISITION

Transaction details (1):
Volume: 50000
Unit price: 0.4 EUR

Aggregated transactions (1):
Volume: 50000
Volume weighted average price: 0.4 EUR

Solteq Plc

Distribution

Nasdaq Helsinki
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Notice to General Meeting
February 26, 2026, at 8:05 a.m. EET

Shareholders of Solteq Plc are hereby invited to the Annual General Meeting to be held on Thursday 26 March 2026 at 10:30 (EET) at the Auditorium in Tapiolan Hohka at Revontulenkuja 1, 02100 Espoo. The reception of registered participants and the hand-out of voting ballots at the meeting venue will start at 10:00 (EET).

Shareholders can also exercise their voting rights by voting in advance. Instructions for advance voting are set out in Section C of this Notice of Annual General Meeting.

1. Agenda of the General Meeting

At the Annual General Meeting, the following matters will be considered:

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Presentation of the Financial Statements, Report of the Board of Directors, and the Auditor's Report for the financial year 2025

Presentation of the CEO's review.
 

The Financial Statements, Report of the Board of Directors, and Auditor's Report are available on the company's website at www.solteq.com/generalmeeting2026.

7. Adoption of the Financial Statements

8. Resolution on the use of the profit shown on the balance sheet and the distribution of dividend

The Board of Directors proposes to the Annual General Meeting that no dividend is distributed based on the balance sheet to be adopted for the financial year 2025.

9. Resolution on the discharge of the members of the Board of Directors and the CEO from liability for the financial period 1 January to 31 December 2025

10. Handling of the remuneration report for governing bodies

The company's Remuneration Report for governing bodies for the year 2025 based on the company's remuneration policy adopted in the Annual General Meeting of the company held on 27 March 2024 is attached to this notice and is available on Solteq Plc's website (www.solteq.com/generalmeeting2026).

The Board of Directors proposes that the Annual General Meeting approves the Remuneration Report for governing bodies for the year 2025.

11. Resolution on the remuneration of the members of the Board of Directors

The Shareholders' Nomination Committee of Solteq Plc proposes to the Annual General Meeting that the remuneration of the to be elected members of the Board of Directors remain the same except for the meeting fees of the Audit Committee, and are as follows during the term expiring at the end of the Annual General Meeting 2027:

A monthly remuneration of EUR 5,000 is paid to the Chairman of the Board and EUR 2,500 to the Board members. In addition, remuneration of EUR 500 per meeting will be paid to the Chairman of the Board and to each Board member for each Board and Board Committee meeting.

The Nomination Committee proposes that the meeting fees of the Audit Committee be increased as follows:

The Chairman of the Audit Committee shall be paid EUR 1,500 per meeting and the members of the Audit Committee shall be paid EUR 1,000 per meeting. To date, the Chairman and the members of the Audit Committee have received a meeting fee of EUR 500.

In addition to the aforementioned remuneration, it is proposed that Board members will be reimbursed for ordinary and reasonable expenses resulting from Board work.

The proposed remuneration follows the company's remuneration policy.

12. Resolution on the number of members of the Board of Directors

The Shareholders' Nomination Committee of Solteq Plc proposes to the Annual General Meeting that 5 members are to be elected to the Board of Directors.

13. Election of members of the Board of Directors

The Shareholders' Nomination Committee of Solteq Plc proposes to the Annual General Meeting that for the term expiring at the end of the Annual General Meeting 2027, the current members of the Board of Directors Markku Pietilä, Lotta Airas, Anni Sarvaranta, Mika Sutinen and Esko Mertsalmi are re-elected. Of the proposed Board members, Markku Pietilä and Lotta Airas are dependent on a significant shareholder of the company. All other proposed Board members are independent of significant shareholders. All Board members are independent of the company.

All proposed members of the Board of Directors have given their consent to the election.

14. Resolution on the remuneration of the auditor

The Board of Directors proposes to the Annual General Meeting that the company's auditor will be reimbursed according to the auditor's reasonable invoice approved by the company.

15. Election of auditor

The Board of Directors proposes to the Annual General Meeting that one audit firm is elected as the auditor of the company and that audit firm PricewaterhouseCoopers Oy is elected as the auditor. PricewaterhouseCoopers Oy has informed that Tiina Puukkoniemi, Authorised Public Accountant (KHT), is the auditor with principal responsibility.

16. Amendment of 7 § Board of Directors of the Articles of Association

The Board of Directors proposes to the Annual General Meeting that the 7 § Board of Directors of the Articles of Association is amended so that minimum required number of board members shall be 4 and maximum of 7 ordinary members. Currently minimum requirement is 5 members.

According to the proposal, 7 § Board of Directors of the Articles of Association is amended as follows:

The company has Board of Directors consisting of a minimum of four and a maximum of seven ordinary members.

The term of office of the members of the Board of Directors shall end at the close of the next Annual General Meeting following their election.

Proposal for the new Articles of Association is available on the company's website at www.solteq.com/generalmeeting2026.

17. Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of option rights and other special rights entitling to shares

The Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide on a share issue carried out with or without payment and on issuing option rights and other special rights referred to in Chapter 10, Section 1 of the Finnish Companies Act as follows:

The maximum total amount of shares or other rights is 2,000,000. The authorization includes the right to give new shares and special rights or transfer the company's own shares. The authorization includes the right to deviate from the shareholders' pre-emptive right of subscription if there is a weighty financial reason for the company, e.g., to improve the capital structure, to execute business acquisitions, and other business improvement arrangements. The authorization cannot be used to implement the company's incentive schemes. The authorization is proposed to include the right for the Board of Directors to decide on the other terms concerning the share issue and the granting of special rights, including the subscription price and payment of the subscription price in cash or in whole or in part by other means (subscription in kind) or by using the subscriber's receivable to offset the subscription price and to record it in the company's balance sheet.

The authorization is effective until the next Annual General Meeting, however, no longer than 30 April 2027. This authorization will cancel the decision made by the Annual General Meeting 2025 regarding the same matter.

18. Authorizing the Board of Directors to decide on the issuance of shares as well as the issuance of option rights and other special rights entitling to shares as part of the implementation of the company's incentive schemes

The Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide on a share issue carried out with or without payment and on issuing share options and other special rights referred to in Chapter 10, Section 1 of the Finnish Companies Act as follows:

The maximum total amount of shares or other rights is 1,000,000. The authorization includes the right to give new shares and special rights or convey the company's own shares. The authorization includes the right to deviate from the shareholders' pre-emptive right of subscription, as part of the implementation the company's incentive schemes in which case there is a weighty financial reason for the company. The purpose of such incentive schemes must be to retain the company's key personnel over a period of 3 to 5 years. In addition, the purpose is that the now-granted authorization's maximum amount covers the company's key personnel's incentive schemes for at least 3 years. The authorization is proposed to include the right for the Board of Directors to decide on the other terms concerning the share issue and the granting of special rights, including the subscription price and payment of the subscription price in cash or by using the subscriber's receivable to offset the subscription price and to record it in the company's balance sheet.

The authorization is effective until 30 April 2027. This authorization will cancel the decision made by the Annual General Meeting 2023 regarding the same matter.

19. Authorizing the Board of Directors to decide on repurchasing the company's own shares

The Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide on repurchasing the company's own shares as follows:

On the basis of the authorization, the number of own shares to be repurchased shall not exceed 500,000 shares. Shares may be repurchased in one or more lots. The company may use only unrestricted equity to repurchase its own shares.

Repurchase of own shares may be made otherwise than in proportion to the share ownership of the shareholders (directed repurchase). The purchase price shall be at least the lowest price paid for the company's shares in regulated trading at the time of purchase and no more than the highest price paid for company shares in regulated trading at the time of purchase. 

Own shares can be purchased to be used to improve the capital structure of the company, to execute business acquisitions and other business improvement arrangements, or as a part of the implementation of the company's incentive schemes.

The authorization is effective until the next Annual General Meeting, however, no longer than 30 April 2027. This authorization will cancel the decision made by the Annual General Meeting 2025 regarding the same matter.

20. Authorizing the Board of Directors to decide on accepting the company's own shares as pledge

The Board of Directors proposes to the Annual General Meeting that the Board of Directors is authorized to decide on accepting the company's own shares as pledge as follows:

The Board of Directors is authorized to decide on accepting the company's own shares as pledge (directed) in connection with business acquisitions or when executing other business arrangements. The pledge may occur in one or in multiple transactions.

The number of own shares to be accepted as pledge shall not exceed 2,000,000 shares.

The Board of Directors may decide on other terms concerning the pledge.

The authorization is effective until the next Annual General Meeting, however, no longer than 30 April 2027. This authorization will cancel the decision made by the Annual General Meeting 2025 regarding the same matter.

21. Closing of the meeting

B. Documents of the General Meeting

The above-mentioned proposals for resolutions on the agenda of the Annual General Meeting and this notice are available on Solteq Plc's website at www.solteq.com/generalmeeting2026. Solteq Plc's Financial Statements, Annual Report, Auditor's Report, and Remuneration Report are available on the aforementioned website. Remuneration report is also enclosed as appendix to this notice. Copies of these documents and of this notice will be sent to shareholders upon request.

The minutes of the Annual General Meeting will be available on the aforementioned website no later than 9 April 2026. The CEO's review will also be published on Solteq Plc's website after the Annual General Meeting.

C. Instructions for meeting participants

1. Shareholder registered in the shareholders' register

Shareholders who are registered in the shareholders' register held by Euroclear Finland Oy on the record date of 16 March 2026, are entitled to participate in the Annual General Meeting. A shareholder whose shares in the company are registered in his/her personal Finnish book-entry account is registered in the company's shareholders' register. Changes in the shareholding after the record date of the Annual General Meeting do not affect the right to participate in the Annual General Meeting or the shareholder's voting rights.

Registration for the Annual General Meeting starts on 27 February 2026 at 12:00 (EET). A shareholder entered in the company's shareholders' register who wishes to attend the Annual General Meeting must register no later than 19 March 2026 at 16:00 (EET), by which time the registration must be received.

Registration for the Annual General Meeting is possible:

a)      via the company's website at www.solteq.com/generalmeeting2026. Electronic registration requires strong identification of the shareholder or his/her legal representative or proxy with a Finnish, Swedish or Danish bank ID or mobile certificate.

b)      by e-mail to Innovatics Oy at agm@innovatics.fi. Shareholders registering by e-mail shall include in the email the registration form and possible advance voting form available on the company's website at www.solteq.com/generalmeeting2026 or equivalent information.

c)      by mail to Innovatics Oy, General Meeting / Solteq Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland. Shareholders registering by mail shall include in the mail the registration form and possible advance voting form available on the company's website at www.solteq.com/generalmeeting2026 or equivalent information.

When registering, the shareholder must provide the requested information, such as the shareholder's name, date of birth or business ID, phone number and/or e-mail address, the name of any assistant or proxy representative, proxy's date of birth and the proxy's phone number and/or e-mail. The personal data provided by shareholders to Solteq Plc will only be used in connection with the Annual General Meeting and the processing of the related necessary registrations.

The shareholder, his/her representative or proxy must be able to prove his/her identity and/or right of representation at the meeting venue if necessary.

Further information on registration and advance voting is available by telephone during the registration period of the General Meeting by calling Innovatics Oy at +358 10 2818 909 on weekdays from 9:00 to 12:00 (EET) and from 13:00 to 16:00 (EET)

2. Holder of nominee-registered shares

A holder of nominee-registered shares is entitled to participate in the Annual General Meeting based on the shares which would entitle him/her to be entered in the shareholders' register kept by Euroclear Finland Oy on the record date for the General Meeting 16 March 2026. Participation also requires that the shareholder is temporarily registered in the shareholders' register held by Euroclear Finland Oy by 23 March 2026 by 10:00 (EET) at the latest. In the case of nominee-registered shares, this is considered as registration for the Annual General Meeting. Changes in the shareholding after the record date of the General Meeting do not affect the right to participate in the Annual General Meeting or the shareholder's voting rights.

The holder of nominee-registered shares is advised to request well in advance the necessary instructions from his/her custodian bank regarding the temporary registration in the register of shareholders, the issuing of proxies and voting instructions, registration and attendance at the General Meeting and advance voting. The account manager of the custodian bank shall register the holder of nominee-registered shares who wish to attend the General Meeting temporarily in the register of shareholders of the company by the aforementioned date and time at the latest and, if necessary, arrange for advance voting on behalf of the holder of nominee-registered shares before the end of the registration period for holders of nominee-registered shares. Further information is also available on the company's website at www.solteq.com/generalmeeting2026.

3. Proxy representatives and powers of attorney

A shareholder may attend the Annual General Meeting and exercise his/her rights there through a proxy representative. A shareholder's proxy may also elect to vote in advance as described in this notice if he/she so wishes. The proxy representative must authenticate to the electronic registration service and advance voting personally with strong authentication, after which he/she will be able to register and vote in advance on behalf of the shareholder that he/she represents. The shareholder's proxy must present dated proxy documents, or otherwise in a reliable manner prove that he/she is entitled to represent the shareholder at the Annual General Meeting. The right to representation can be proved by using the suomi.fi e-authorizations service available in the electronic registration service. More information on e-authorization is available at www.suomi.fi/e-authorizations.

Model proxy documents and voting instructions are available on the company's website at www.solteq.com/generalmeeting2026. If a shareholder participates in the Annual General Meeting through several proxies representing the shareholder with shares held in different securities accounts, the shares on the basis of which each proxy represents the shareholder shall be identified in connection with the registration.

Any proxy documents are requested to be submitted preferably as an attachment with the electronic registration or alternatively by mail to Innovatics Oy, General Meeting / Solteq Plc, Ratamestarinkatu 13 A, 00520 Helsinki or by e-mail to agm@innovatics.fi before the end of the registration period. In addition to submitting the proxy documents, the shareholder or his/her proxy shall register for the General Meeting in the manner described above in this notice.

4. Advance voting

A shareholder whose shares in the company are registered in his/her personal Finnish book-entry account may vote in advance between 27 February 2026 at 12:00 (EET) and 19 March 2026 at 16:00 (EET) on the agenda items 7-20 of the Annual General Meeting.

a)      via the company's website at http://www.solteq.com/generalmeeting2026.  Login to the service is done in the same way as for registration in section C.1 of this notice.

b)      by e-mail by submitting the advance voting form available on the company's website or equivalent information to Innovatics Oy at agm@innovatics.fi.

c)      or by mail by submitting the advance voting form available on the company's website or equivalent information to Innovatics Oy at Innovatics Oy, General Meeting / Solteq Plc, Ratamestarinkatu 13 A, 00520 Helsinki, Finland.

Advance votes must be received by the time the advance voting ends. The submission of votes in this way before the end of the registration and advance voting period shall be considered as registration for the Annual General Meeting, provided that it contains the above information required for registration.

A shareholder who has voted in advance cannot exercise the right to ask questions or demand a vote under the Finnish Limited Liability Companies Act unless he/she or his/her proxy attends the Annual General Meeting at the meeting venue.

With respect to holders of nominee-registered shares, the advance voting is carried out by the account manager. The account manager may vote in advance on behalf of the holders of nominee-registered shares whom he/she represents in accordance with the voting instructions given by them during the registration period set for the nominee-registered shares.

Proposal for a resolution that is subject to advance voting is deemed to have been made at the Annual General Meeting without any changes. The conditions and other instructions for electronic advance voting are available on the company's website at http://www.solteq.com/generalmeeting2026.

5. Other instructions/information

The meeting language is Finnish.

Shareholders present at the Annual General Meeting have the right to ask questions about the matters discussed at the meeting in accordance with Chapter 5, Section 25 of the Finnish Limited Liability Companies Act.

Changes in the shareholding after the record date of the Annual General Meeting do not affect the right to participate in the Annual General Meeting or the shareholder's voting rights.

On the date of the Notice of Annual General Meeting, Solteq Plc has a total of 19,396,501 shares representing the same number of votes. 

Espoo, 26 February 2026

SOLTEQ PLC

BOARD OF DIRECTORS

Additional Information:

CEO Aarne Aktan

Tel: +358 40 342 4440
Email: aarne.aktan@solteq.com

Attachment:

Remuneration Report 2025

Distribution:

Nasdaq Helsinki
Key Media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 400 professionals and has offices in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Annual Financial Report
February 26, 2026, at 8:00 a.m. 

Solteq Plc's Annual Report for the financial period January 1 - December 31, 2025, has been published in Finnish and English. The Annual Report consists of Corporate Governance Statement, Remuneration Report, Report of the Board of Directors, Key Figures, Financial Statements, and Auditor's Report.

The Financial Statements are published in accordance with the European Single Electronic Format (ESEF) reporting requirements. The report is in Extensible Hypertext Markup Language (XHTML). In line with the ESEF requirements, the primary financial statements, the notes to the consolidated financial statements, and the company identification data included in the ESEF financial statements data have been marked up with XBRL tags. The audit firm PricewaterhouseCoopers Oy has provided an independent auditor's reasonable assurance report on Solteq's ESEF Financial Statements in Finnish in accordance with ISAE 3000 (Revised), and the ESEF Annual Report in Finnish is available attached to this release and at solteq.com.

The Auditor's Report, provided by PricewaterhouseCoopers Oy, contains additional information about material uncertainty regarding Solteq Plc's going concern principle, which concerns the restructuring of the company's financing.

The Annual Report is attached to this stock exchange bulletin and available on the Company's website.

Going Concern principle

The financial statements for the financial year 2025 have been drawn up under the going concern principle. In assessing the going concern principle, the management of the company has considered the risks related to the refinancing of the company. The key elements of Solteq Group's debt financing are a fixed-rate bond, as well as standby and bank account credit limits. 

Solteq issued a fixed-rate unsecured senior bond with a nominal value of EUR 23.0 million on October 1, 2020, of which the company has repurchased and canceled a total of EUR 4.3 million. The outstanding amount of the bond is EUR 18.7 million. The terms and conditions of the bond were amended in a written procedure, approved on September 13, 2024, so that the bond matures on October 1, 2026. The standby and bank account credit limits total EUR 7.0 million. The related financial covenants are linked to the terms of the bond.

The terms of the bond include financial covenants concerning the distribution of funds and incurring financial indebtedness other than permitted under the terms of the bond (Incurrence Covenant). The covenants require that the equity ratio exceeds 27.5 percent, the interest coverage ratio (EBITDA/net interest cost) exceeds 3.00:1, and that the Group's net interest-bearing debt to EBITDA ratio does not exceed 4:1. The covenants concerning the distribution of funds and incurring financial indebtedness other than permitted under the terms of the bond are not fulfilled based on the reporting period. The fulfillment of the covenants is always reviewed based on the last reported 12-month period. Violations of the above-mentioned financial covenants of the bond do not, as such, lead to the right to demand immediate repayment of the bond, but they limit the distribution of the company's funds and incurring financial indebtedness other than permitted under the terms of the bond.

The company has initiated measures to arrange refinancing of the company. The arrangement consists of the renewal of the existing bond and of the standby and bank account credit limits.

The outcome of the financing negotiations is particularly influenced by the company's financial performance before the current financing matures. Significant deviations in the company's financial performance relative to its own estimate for 2026 could jeopardize the refinancing. There is significant uncertainty regarding the company's financial performance due to the weakening general demand for IT sector services. Customer companies' weak market situation continues to slow down investments in new systems. The company must be able to offer competitive solutions to customers in a challenging market situation and succeed in project implementations.

In assessing the going concern, the management of the company has considered the effects of the measures taken during the financial year 2025, the financial performance, financial forecasts, and risks related to financing.  Considering the above measures and risks, the management estimates that operations will continue and that the risk of insufficient funding is small. The company believes that the planned financing arrangements will lead to a favorable outcome. The financial statements for 2025 have therefore been drawn up under the going concern principle.

However, the company's refinancing is still ongoing at the time of signing the financial statements. This and other circumstances mentioned above involve material uncertainty that may cast significant doubt about the Group's and Parent Company's ability to continue its operations.

Attachments

Annual Report 2025
ESEF Report 2025 in Finnish

Further information

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com

Distribution

Nasdaq  Helsinki
Key media
www.solteq.com

About Solteq

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Managers' Transactions
February 25, 2026, at 3:00 p.m. EET

Solteq Plc - Managers' Transactions
____________________________________________

Person subject to the notification requirement

Name: Great Expectations Capital Oy

Position: Member of the Board/Deputy member

(X) Legal person  (1): Person Discharging Managerial Responsibilities In Issuer

Name: Aarne Aktan

Position: Chief Executive Officer

Issuer: Solteq Oyj

LEI: 743700HXWTM31ZHBXW13

Notification type: INITIAL NOTIFICATION

Reference number: 144478/7/8
____________________________________________

Transaction date: 2026-02-25

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009007991

Nature of transaction: ACQUISITION 

Transaction details

(1): Volume: 50000 Unit price: 0.416 EUR 

Aggregated transactions (1): 

Volume: 50000 Volume weighted average price: 0.416 EUR 

Solteq Plc

Distribution

Nasdaq Helsinki
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Financial Statement Release
February 12, 2026, at 8.00 am

Comparable revenue and comparable operating result improved in the last quarter, but profitability fell short of expectations

October-December

• Comparable revenue totaled EUR 12.1 million (11.9) and increased by 1.1 percent. Revenue totaled EUR 12.1 million (12.5) and decreased by 3.2 percent
• Comparable EBITDA was EUR 0.8 million (0.7) and EBITDA EUR 0.6 million (2.2). Comparable EBITDA percent was 6.5 (5.6)
• Comparable operating result was EUR 0.5 million (0.2) and operating result EUR 0.3 million
  (1.8). Comparable operating result percent was 4.1 (1.9)
• Earnings per share was EUR -0.01 (0.03)

January-December

• Comparable revenue totaled EUR 46.7 million (48.8) and decreased by 4.3 percent. Revenue totaled EUR 46.7 million (50.9) and decreased by 8.1 percent
• Comparable EBITDA was EUR 2.2 million (2.5) and EBITDA EUR 2.1 million (4.1). Comparable EBITDA percent was 4.6 (5.2)
• Comparable operating result was EUR 0.8 million (0.4) and operating result EUR 0.8 million
  (1.8). Comparable operating result percent was 1.7 (0.8)
• Earnings per share was EUR -0.07 (-0.06)
• Solteq Group's equity ratio was 29.5 percent (30.9)
• Net cash flow from operating activities was EUR -1.7 million (1.6)
• Comparable revenue remains at the same level and comparable operating result improves clearly.

Key figures

CEO Aarne Aktan: Comparable revenue and comparable operating result improved in the last quarter, but profitability fell short of expectations

In the last quarter, the Group's comparable revenue amounted to EUR 12.1 million, an improvement year-on-year for the first time in eight quarters. The development was driven by growth in the Utilities business, in particular. Despite the increase in revenue, financial performance remained below expectations, especially in the Retail & Commerce segment, and the company issued a profit warning in December 2025. The Group's comparable operating result amounted to EUR 0.5 million, an improvement of EUR 0.3 million relative to the comparison period.
 

The Retail & Commerce segment performed below expectations during the last quarter. The segment's comparable revenue amounted to EUR 8.8 million, down by EUR 0.3 million from the comparison period. The segment's comparable operating result amounted to EUR 0.8 million, a decrease of EUR 0.1 million year-on-year. The segment's performance was impacted by cautious customer demand and delays in decision-making in several new customer projects.
 

The revenue development in the Utilities segment was pleasing during the last quarter. The segment's revenue amounted to EUR 3.2 million, up by EUR 0.5 million from the comparison period. The comparable operating result for the last quarter amounted to EUR -0.3 million, an improvement of EUR 0.3 million year-on-year. Investments in product development continued, and new software solutions will be introduced to the market in phases during the current financial year. The focus, during the current financial year, is on strengthening the prerequisites for profitable growth and turning the segment's results positive.
 

During the first quarter of the current financial year, change negotiations were initiated to adjust the company's workforce to current demand, streamline operations, and improve profitability. Through these measures, the company estimates achieving annual savings of approximately EUR 2.1 million. At the same time, the company continues its long-term efforts to strengthen its offering, competitiveness, customer value, and growth opportunities.
 

The operating environment for the Retail & Commerce segment remains tough, and customer demand is expected to stay cautious, also in the near future. The Utilities segment's outlook is moderate: while customer market consolidation is reducing the overall market size, changes in regulation and market practices create demand for new IT solutions.

Profit Guidance 2026

Comparable revenue remains at the same level and comparable operating result improves clearly.

Financial reporting

The Financial Statements Bulletin has been prepared in accordance with the recognition and valuation principles of IFRS standards and using IAS 34 and the same accounting policies as the Financial Statements 2024. The new IFRS standards, taken into use on January 1, 2025, do not have a significant impact on the Group's Financial Statements Bulletin. The Financial Statements Bulletin is based on the unaudited Financial Statements of 2025.

Attachments

Solteq Plc's Financial Statements Bulletin January 1 - December 31, 2025

Further Information

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com

Distribution

Nasdaq Helsinki
Key media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Inside Information
January 28, 2026, at 11:00 a.m. EET

Solteq Group initiates change negotiations in Finland to adjust its workforce to current demand, streamline operations, and improve profitability. At the same time, operations will be reorganized to better respond to changed customer and business needs. The change negotiations concern the Retail & Commerce and Utilities segments and aim to achieve annual cost savings of at least EUR 2.1 million.

"The prolonged weak customer demand in the software and IT sector requires us to reorganize our operations. In the current situation, the number of our personnel exceeds the amount of available work. In addition, we are renewing the Retail & Commerce organization to better meet current and future market needs. In the Utilities Software business, productization has advanced to the point that demand for work has declined significantly. Therefore, these changes also require a new way of organizing our operations," says CEO Aarne Aktan.

In Finland, Solteq will initiate change negotiations in accordance with Chapter 3, Section 16 of the Finnish Co-operation Act, based on possible production, economic, and operational grounds. The change negotiations concern employees in the Commerce & Data and Utilities Software business units, as well as in the POS/Unified Commerce business area. The change negotiations may result in the termination of employment of up to 40 employees. In addition, the planned measures may lead to changes in job descriptions, roles, terms and conditions of employment, and organizational structures for all employees involved in the negotiations. The change negotiations will commence on February 2, 2026, and are expected to be completed by March 16, 2026.

Solteq Plc
Board of Directors


Distribution:

Nasdaq Helsinki
Key media
www.solteq.com

Further Information:

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com

About Solteq

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Other information disclosed according to the rules of the Exchange
December 19, 2025, at 2:00 p.m.

Solteq Plc's Shareholders' Nomination Committee proposes to the Annual General Meeting, planned to be held on March 26, 2026, that the Annual General Meeting should decide on the composition and remuneration of the Board of Directors as follows:

Number of Board members:

The Nomination Committee proposes that the number of members of the Board of Directors is five (5) for the term ending at the close of the Annual General Meeting of 2027.

Composition of the Board of Directors:

Of the current Board members, Lotta Kopra and Markus Huttunen have announced that they are unavailable to continue in their roles as Board members. The Nomination Board proposes the re-election of the rest of the current Board members, Markku Pietilä, Lotta Airas, Anni Sarvaranta, Mika Sutinen, and Esko Mertsalmi. Markku Pietilä is proposed as the Chairman of the Board.

Of the proposed Board members, Markku Pietilä and Lotta Airas are dependent on a significant shareholder of the company. All other proposed Board members are independent of significant shareholders. All Board members are independent of the company.

The term of the Board members ends at the close of the next Annual General Meeting. All proposed persons have given their consent to the election.

Remuneration of Board members:

The Nomination Committee proposes that the remuneration of the Board of Directors remain unchanged, except for the meeting fees of the Audit Committee.  
 

• the Chairman of the Board of Directors shall be paid a monthly remuneration of EUR 5,000,
• members of the Board of Directors shall be paid a monthly remuneration of EUR 2,500,
• all Board members shall be paid a fee of EUR 500 per meeting, and
• ordinary and reasonable costs arising from Board work are reimbursed to the Board members.

The Nomination Committee proposes that the meeting fees of the Audit Committee be increased as follows:
 

• the Chair of the Audit Committee shall be paid EUR 1,500 per meeting; and
• the members of the Audit Committee shall be paid EUR 1,000 per meeting.

To date, the Chair and the members of the Audit Committee have received a meeting fee of EUR 500.

The proposed remuneration follows the company's remuneration policy.

Composition of the Nomination Committee

The Nomination Committee consists of four members, who represent the four largest shareholders of the company based on the shareholders' list dated August 31, 2025. The Nomination Committee that made the proposals to the Annual General Meeting 2026 includes:
 

• Markku Pietilä, Chairman of the Board, nominated by Profiz Business Solution Oy
• Jukka Vähäpesola, Head of Equities, nominated by Keskinäinen Työeläkevakuutusyhtiö Elo
• Karoliina Lindroos, Head of Responsible Investment, nominated by Keskinäinen Eläkevakuutusyhtiö Ilmarinen
• Hanna Kaskela, Senior Vice President of Sustainability & Communications, nominated by Keskinäinen työeläkevakuutusyhtiö Varma

The Nomination Committee made all its proposals unanimously. In preparing the proposals, the Committee considered the company's policy on Board diversity. The proposals of the Nomination Committee will be included in the notice of the Annual General Meeting, which will be published at a later date.

Distribution:

Nasdaq Helsinki
Key media
www.solteq.com

Further information:

Markku Pietilä
Chairman of the Board of Directors, Solteq Plc
Email: markku.pietila@solteq.com
Telephone: ‭+358 50 045 5156‬‬‬‬‬‬‬‬‬‬‬‬‬‬

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Inside Information
December 17, 2025, at 11:35 a.m

 
Solteq Plc lowers its guidance for the comparable operating result for the financial year 2025 and estimates that the comparable operating result is expected to remain at the same level or improve. The company's revenue guidance remains unchanged.

The new profit guidance for 2025 is: Comparable revenue will decrease slightly, while the comparable operating result is expected to remain at the same level or improve. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

The previous profit guidance for 2025 was: Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

The result development towards the end of the year has been impacted by slightly weaker-than-expected customer demand and delayed decision-making in several new customer projects. This is reflected in the company's profitability.

The Financial Statements Bulletin January 1 - December 31, 2025, will be published on February 12, 2026.

Espoo, December 17, 2025

Solteq Plc
Board of Directors

Distribution:

Nasdaq Helsinki
Key Media
www.solteq.com

Further Information:

CEO Aarne Aktan
Tel: +358 40 342 4440
Email: aarne.aktan@solteq.com 

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com
 

About Solteq

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Interim Report
October 29, 2025, at 8.00 am

A Weak Quarter - Focus on Strengthening Profitability and Competitiveness

July-September

• Comparable revenue totaled EUR 10.4 million (11.0) and decreased by 5.2 percent. Revenue totaled EUR 10.4 million (11.4) and decreased by 9.1 percent
• Comparable EBITDA was EUR 0.4 million (1.1) and EBITDA EUR 0.4 million (0.9). Comparable EBITDA percent was 4.1 (9.6)
• Comparable operating result was EUR 0.1 million (0.5) and operating result EUR 0.1 million
  (0.3). Comparable operating result percent was 1.1 (4.7)
• Earnings per share was EUR -0.03 (-0.03)

January-September

• Comparable revenue totaled EUR 34.7 million (36.9) and decreased by 6.0 percent. Revenue totaled EUR 34.7 million (38.4) and decreased by 9.7 percent
• Comparable EBITDA was EUR 1.4 million (1.9) and EBITDA EUR 1.5 million (1.9). Comparable EBITDA percent was 4.0 (5.1)
• Comparable operating result was EUR 0.3 million (0.1) and operating result EUR 0.4 million
  (0.1). Comparable operating result percent was 0.9 (0.4)
• Earnings per share was EUR -0.06 (-0.09)
• Solteq Group's equity ratio was 29.6 percent (29.6)
• Net cash flow from operating activities was EUR -1.3 million (1.2)
• Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

Key figures

* The comparative information for 1-9/2024 has been adjusted; deferred tax assets and deferred tax liabilities are presented on a net basis. In the comparison period they were presented on a gross basis.

CEO Aarne Aktan: A Weak Quarter - Focus on Strengthening Profitability and Competitiveness

The third quarter was weaker than expected. The Group's comparable revenue amounted to EUR 10.4 million, decreasing by EUR 0.6 million relative to the comparison period. Efficiency measures and cost control were not sufficient to offset the impact of the sluggish market on the result. The Group's comparable operating result was EUR 0.1 million, declining by EUR 0.4 million year-on-year.

The Retail & Commerce segment performed moderately, considering the market conditions. The segment's comparable revenue was EUR 7.7 million, decreasing by EUR 0.3 million relative to the comparison period. The comparable operating result was EUR 0.6 million, down by EUR 0.1 million year-on-year.

A low invoicing rate within the consulting business dragged down the Utilities segment's performance. In contrast, the software business developed well, and successful product development projects will bring new, innovative software solutions to the market in the near future. The segment's comparable revenue was EUR 2.6 million, decreasing by EUR 0.3 million relative to the comparison period. The comparable operating result was EUR -0.4 million, weakening by EUR 0.3 million year-on-year.

The company's financial performance in the third quarter fell short of expectations. Work to adjust the cost structure and enhance operational efficiency is continuous. During the latter half of the year, the focus is on developing the offering, competitiveness, and customer value. Our confidence in the long-term direction and strategic choices remains strong.

The operating environment for the Retail & Commerce segment remains tough, and customer demand is expected to stay cautious, also in the near future. The Utilities segment's outlook is moderate: while market consolidation is reducing the overall market size, changes in regulation and market practices create demand for new IT solutions.

Profit Guidance 2025

Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

Financial reporting

The Interim Report has been prepared in accordance with the recognition and valuation principles of IFRS standards and using IAS 34 and the same accounting policies as the Financial Statements 2024. The new IFRS standards, taken into use on January 1, 2025, do not have a significant impact on the Group's Interim Report. The information presented in the Interim Report has not been audited.

Attachments

Solteq Plc's Interim Report January 1 - September 30, 2025

Further Information

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com

Distribution

Nasdaq Helsinki
Key media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Financial Calendar
September 24, 2025, at 2:00 p.m.

Solteq Plc publishes the following financial reports during 2026:

Financial Statements Bulletin 2025 - February 12, 2026, at 08:00 a.m. EET
Interim Report 1-3/2026 - April 29, 2026, at 08:00 a.m. EET
Half-Year Report  1-6/2026 - August 21, 2026, at 08:00 a.m. EET
Interim Report 1-9/2026 - October 29, 2026, at 08:00 a.m. EET

The 2025 Annual Report, including the Report of the Board of Directors and Financial Statements, will be published on Solteq's website by March 4, 2026. 

The Annual General Meeting is planned for March 26, 2026. The Board of Directors will convene the meeting separately at a later date. 

Distribution:

Nasdaq Helsinki
Key media
www.solteq.com

Further information:

CEO Aarne Aktan
Tel: +358 40 342 4440
Email: aarne.aktan@solteq.com
 

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and has offices in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Other information disclosed according to the rules of the Exchange
September 4, 2025, at 3:00 p.m.

The Shareholders' Nomination Committee of Solteq Plc consists of representatives of the four largest shareholders, registered on August 31, 2025. The following representatives have been nominated to the Shareholders' Nomination Committee of Solteq Plc:
 

• Markku Pietilä, Chairman of the Board, nominated by Profiz Business Solution Oy
  (11.32% shares and votes)
• Jukka Vähäpesola, Head of Equities, nominated by Elo Mutual Pension Insurance Company
  (10.31% shares and votes)
• Karoliina Lindroos, Head of Responsible Investment and Sustainability, nominated by Ilmarinen Mutual Pension Insurance Company 
  (8.51% shares and votes)
• Hanna Kaskela, Senior Vice President of Sustainability & Communications, nominated by Varma Mutual Pension Insurance Company 
  (7.97% shares and votes)

The Nomination Committee prepares proposals regarding the election and remuneration of the members of the Board of Directors to the Annual General Meeting. The newly appointed Shareholders' Nomination Committee submits its proposals to the Board of Directors no later than January 31, 2026.

Further information:

CEO Aarne Aktan
Tel: +358 40 342 4440
Email: aarne.aktan@solteq.com

Distribution:

Nasdaq Helsinki
Key media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors, and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Half-Year Report
August 21, 2025, at 8.00 am

Slight Improvement in Result - Stronger Outlook for the Rest of the Year

April-June

• Comparable revenue totaled EUR 12.1 million (12.9) and decreased by 5.6 percent. Revenue totaled EUR 12.2 million (13.4) and decreased by 9.3 percent
• Comparable EBITDA was EUR 0.4 million (0.5) and EBITDA EUR 0.5 million (0.6). Comparable EBITDA percent was 3.4 (4.1)
• Comparable operating result was EUR 0.1 million (-0.1) and operating result EUR 0.2 million
  (0.0). Comparable operating result percent was 0.6 (-0.5)
• Earnings per share was EUR 0.00 (-0.03)

January-June

• Comparable revenue totaled EUR 24.3 million (25.9) and decreased by 6.4 percent. Revenue totaled EUR 24.3 million (27.0) and decreased by 10.0 percent
• Comparable EBITDA was EUR 1.0 million (0.8) and EBITDA EUR 1.1 million (1.0). Comparable EBITDA percent was 3.9 (3.1)
• Comparable operating result was EUR 0.2 million (-0.4) and operating result EUR 0.4 million
  (-0.2). Comparable operating result percent was 0.8 (-1.4)
• Earnings per share was EUR -0.02 (-0.06)
• Solteq Group's equity ratio was 30.8 percent (29.8)
• Net cash flow from operating activities was EUR -0.4 million (1.2)
• Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

Key figures

* The comparative information for 1-6/2024 has been adjusted; deferred tax assets and deferred tax liabilities are presented on a net basis. In the comparison period they were presented on a gross basis.

CEO Aarne Aktan: Slight Improvement in Result - Stronger Outlook for the Rest of the Year

The positive profitability trend continued in the second quarter. The comparable operating result was EUR 0.1 million, which improved by EUR 0.1 million relative to the comparison period. This was the sixth consecutive quarter in which a comparable operating result improved year-on-year. However, profitability development was two-fold: The Retail & Commerce segment showed a good improvement in profitability, whereas the Utilities segment's profitability development fell short of expectations, mainly due to losses in the consulting business. The Group's comparable revenue was EUR 12.1 million, which diminished by EUR 0.7 million relative to the comparison period.

The Retail & Commerce segment's performance aligned with the company's expectations. The segment's comparable revenue was EUR 9.1 million, decreasing by EUR 0.4 million year-on-year. The revenue was affected by a market with continued cautiousness in customer demand and delays in investment decisions. In contrast, the segment's profitability was good: The comparable operating result was EUR 0.7 million, increasing by EUR 0.4 million year-on-year. During the review period, the company's Board of Directors appointed Petteri Ahonen as Executive Vice President of the segment and a member of the Group Executive Team. Ahonen assumed his duties in August.

During the review period, the Utilities segment's performance was particularly hampered by reduced customer invoicing rates within the consulting business. In contrast, the software business developed as expected. The segment's comparable operating result was EUR -0.6 million, a decrease of EUR 0.3 million relative to the comparison period. The revenue was EUR 3.0 million, decreasing by EUR 0.3 million year-on-year. During the review period, Jesper Kaysen assumed the role of Executive Vice President of Utilities and became a member of the Group Executive Team.

We commence the autumn season with clarity in objectives and next steps. We expect our financial performance to strengthen in the second half of the financial year. Despite the challenging operating environment and the state of the global economy, the outlook for the Retail & Commerce segment remains moderate. The market outlook for the Utilities segment is stable, and the Nordic market offers growth opportunities for both the software and consulting businesses.

Profit Guidance 2025

Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

Financial reporting

The Half-Year Report has been prepared in accordance with the recognition and valuation principles of IFRS standards and using IAS 34 and the same accounting policies as the Financial Statements 2024. The new IFRS standards, taken into use on January 1, 2025, do not have a significant impact on the Group's Half-Year Report. The information presented in the Half-Year Report has not been audited.

Attachments

Solteq Plc's Half-Year Report January 1 - June 30, 2025

Further Information

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com

Distribution

Nasdaq Helsinki
Key media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors, and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Changes in Board / Management / Auditors
May 28, 2025, at 3:00 p.m. EET

The Board of Directors of Solteq Plc has appointed Petteri Ahonen (b. 1970) as the EVP of the Retail & Commerce segment and a member of the Executive Team. Petteri Ahonen will assume his new role at Solteq on September 1, 2025, at the latest. Ahonen has been the EMEA General Manager for the American software company 3-GIS since 2024.

"The company has done impressive work and succeeded in turning around its profitability - and this work continues. Within the Retail & Commerce segment, I see strong potential to build success on deep industry expertise and modern, cloud-based solutions that support business transformation,"  says Petteri Ahonen, the newly appointed EVP of the Retail & Commerce segment.

"We received a large number of highly qualified applications for the position. Petteri stood out as an experienced and visionary leader with an exceptionally strong international background and a proven track record of driving rapid business growth. I look forward to working with Petteri," summarizes Aarne Aktan, CEO of Solteq.
 

The responsibility for leading the Retail & Commerce segment will be transferred to Petteri Ahonen from Mikko Sairanen, who has served as the interim EVP since November 26, 2024. Sairanen will continue as CFO, Head of Legal, and as a member of the Group Executive Team once Ahonen assumes the position.

"The interim responsibility for the leadership of Retail & Commerce has been a valuable opportunity to deepen my understanding of the segment's situation and market. I want to thank the personnel of Retail & Commerce for the excellent collaboration. I warmly welcome Petteri to Solteq," summarizes Mikko Sairanen.

Once Petteri Ahonen assumes his position, the Executive Team of Solteq Plc will consist of the following members:
 

Aarne Aktan, CEO;
Petteri Ahonen, EVP of the Retail & Commerce segment;

Jesper Kaysen, EVP of the Utilities segment;
Mikko Sairanen, CFO, Head of Legal;
Oona Silén, VP of People and Culture;
Christa Tavan, Director of Marketing and Communications.

Solteq Plc
Board of Directors

Distribution:

Nasdaq Helsinki

Key media

www.solteq.com

Further information:

CEO Aarne Aktan

Tel: +358 40 342 4440

Email: aarne.aktan@solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Changes in Board / Management / Auditors
May 13, 2025, at 10:00 a.m. EET

The Board of Directors of Solteq Plc has appointed Jesper Kaysen (b.1965) as EVP of the Utilities segment and member of the Executive Team. Jesper Kaysen joined the company on March 1, 2025, as the Head of Utilities Consulting business and will assume his new responsibilities immediately.

"The industry is undergoing changes, which create growth opportunities for us. Regulation, technology, and customer expectations are evolving, and we are here to help our clients succeed. I want to support energy and utilities companies in leveraging technology and innovation sustainably. I'm excited to strengthen our position in the Nordic market," comments EVP of the Utilities Segment, Jesper Kaysen.
 

"Jesper brings strong and versatile expertise in the key areas of the Utilities business. He has extensive industry experience and a proven track record of successful leadership in both consulting and software development. I am very pleased that Jesper was willing to take on the leadership of the entire Utilities segment," summarizes the CEO of Solteq, Aarne Aktan.

Jesper Kaysen takes over the responsibilities for leading the Utilities segment from Solteq Plc's CEO, Aarne Aktan, who has managed it alongside his own duties since May 1, 2024.

Solteq Plc' Executive Team consists of the following members as of May 13, 2025:
 
Aarne Aktan, CEO;
Jesper Kaysen, EVP of the Utilities segment;
Mikko Sairanen, CFO, Interim EVP of the Retail & Commerce segment;
Oona Silén, VP of People and Culture;
Christa Tavan, Director of Marketing and Communications.

Solteq Plc
Board of Directors

Distribution:

Nasdaq Helsinki

Key media

www.solteq.com

Further information:

CEO Aarne Aktan

Tel: +358 40 342 4440

Email: aarne.aktan@solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.

Stock Exchange Bulletin
Interim Report
April 29, 2025, at 8.00 am

Profitability Improvement Continued.

January-March

• Comparable revenue totaled EUR 12.1 million (13.1) and decreased by 7.2 percent. Revenue totaled EUR 12.1 million (13.6) and decreased by 10.7 percent
• Comparable EBITDA was EUR 0.5 million (0.3) and EBITDA EUR 0.6 million (0.4). Comparable EBITDA percent was 4.5 (2.1)
• Comparable operating result was EUR 0.1 million (-0.3) and operating result EUR 0.2 million
  (-0.2). Comparable operating result percent was 1.1 (-2.3)
• Earnings per share was EUR -0.02 (-0.04)
• Solteq Group's equity ratio was 30.7 percent (30.2)
• Net cash flow from operating activities was EUR 0.0 million (1.0)
• Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

Key figures

* The comparative information for 1-3/2024 has been adjusted; deferred tax assets and deferred tax liabilities are presented on a net basis. In the comparison period they were presented on a gross basis.

CEO Aarne Aktan: Profitability Improvement Continued.

The first quarter was moderate. While revenue declined, profitability continued to improve. This was the fifth consecutive quarter in which a comparable operating result improved year-on-year and the fourth in a row with a positive operating result. Performance was in line with our expectations, and the improved profitability reflects the impact of the efficiency and cost-saving measures in 2024.

The Group's comparable revenue for the review period was EUR 12.1 million, a decrease of EUR 0.9 million relative to the comparison period. The comparable operating result amounted to EUR 0.1 million, marking an improvement of EUR 0.4 million year-on-year. This was a significant achievement in a market characterized by cautious customer demand, postponed investment decisions, and global economic turmoil.

The comparable revenue for the Retail & Commerce segment was EUR 9.2 million, a decrease of EUR 0.7 million from the comparison period. However, due to successful efficiency and cost-saving initiatives, the segment's comparable operating result reached EUR 0.7 million, increasing by EUR 0.4 million year-on-year.

In the Utilities segment, revenue totaled EUR 2.9 million, down by EUR 0.3 million from the comparison period. The decline in revenue was primarily driven by weak demand in the consulting business. On the other hand, the share of SaaS-based fees in the software business increased, and recurring services accounted for over 50% of the segment's revenue. The segment's comparable operating result was EUR -0.6 million, an improvement of EUR 48 thousand year-on-year. The segment's performance is expected to improve over the remainder of the year.

During the review period, the company cancelled notes, repurchased between 2023 and 2025, worth EUR 4.3 million. These cancellations strengthen the company's financial position and reduce interest expenses. Following the cancellations, the outstanding amount of the bond is EUR 18.7 million.

Despite the challenging operating environment and global economic conditions, the outlook for the Retail & Commerce segment remains moderate. The market outlook for the Utilities segment is stable, with the Nordic region offering growth opportunities for both software and expert services businesses. Overall, we remain confident in our ability to consistently improve results during the current financial year.

Profit Guidance 2025

Comparable revenue will decrease slightly, while the comparable operating result will improve significantly. Excluding the divested healthcare software solutions business, comparable revenue was EUR 48,818 thousand in the financial year 2024. Comparable operating result for the financial year 2024 was EUR 710 thousand.

Financial reporting

The Interim Report has been prepared in accordance with the recognition and valuation principles of IFRS standards and using IAS 34 and the same accounting policies as the Financial Statements 2024. The new IFRS standards, taken into use on January 1, 2025, do not have a significant impact on the Group's Interim Report. The information presented in the Interim Report has not been audited.

Attachments

Solteq Plc's Interim Report January 1 - March 31, 2025

Further Information

CEO Aarne Aktan
Tel: +358 40 342 4440
E-mail: aarne.aktan@solteq.com

CFO, General Counsel Mikko Sairanen
Tel: +358 50 567 3421
E-mail: mikko.sairanen@solteq.com

Distribution

Nasdaq Helsinki
Key media
www.solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs over 400 professionals and operates in Finland, Sweden, Norway, Denmark, Poland, and the UK.