StreamWide Reports Strong Growth

H1 2025 REVENUE: €11.5 million (+24%)
EBITDA: €6.4 million (+35%)
EBIT: €2.7 million (+51%)
NET INCOME: €2.1 million (+42%)
NET CASH (GROSS CASH – FINANCIAL DEBT): €8.1 million (+€1.2 million)

STREAMWIDE, the expert in critical business and mission critical communications software solutions,
 announces strong half-year results as of June 30, 2025, showing solid growth
compared with the 1st half of 2024. Significant investments in the evolution of its
team on mission and team on the run solutions drove strong business growth
(+24%) and controlled cost increases, resulting in EBITDA of €6.4m, up +35%, and
current operating income (EBIT) of €2.7m, up +51%. With its favorable market
positioning and by leveraging its technological and operational leadership,
STREAMWIDE confirms its status as an industry leader, supported by a solid
operational and financial structure that continues to deliver consistently high
levels of profitability.

SIGNIFICANT INVESTMENTS AND MARGIN AND PROFITS GROWTH

o Half-year revenues of €11.5m, up €2.2m (+24%):

The Group’s critical communications platform team on mission and critical
business platform team on the run generated half-year revenues of €8.8m,
an increase of +26%, and now account for 77% of total Group revenues.
This growth (+€1.8m) was driven primarily by a major SaaS project in North
America, as well as by numerous other projects launched and deployed during
H1 2025. Several of these projects, particularly in France and across Europe,
illustrate STREAMWIDE’s strategy to diversify into the Enterprise market, thereby
multiplying growth drivers beyond the public safety segment. It should also be
noted that, starting in H1 2025, the Group has isolated recurring revenues from its
SaaS business (€0.5m in H1 2025), which are expected to expand significantly over
the coming months.

o EBITDA: €6.4 million

As previously announced and anticipated, technical investments (infrastructure,
performance, and robustness) and human resources (architects and software
engineers) remained significant in early 2025. These investments were aimed at
optimally preparing the upcoming production launch of the platforms under the
North American SaaS project, while further strengthening STREAMWIDE’s
sovereignty, security, scalability, and compliance with 3GPP standards. Net
personnel expenses increased by +€0.3m (+7%) compared with H1 2024 but
accounted for only 33% of half-year revenues, versus 38% in H1 2024.
Before capitalization of personnel costs related to product development (€4.4m
vs. €3.4m in H1 2024), total personnel expenses amounted to €8.1m, an increase
of +€1.2m, mainly due to headcount growth: 242 employees at end-June 2025
compared with 225 at end-June 2024. This net increase of +17 employees, carefully
managed and fully in line with forecasts announced at year-end 2024,
strengthens the technical teams to meet future technological challenges and
support upcoming growth.

Other operating expenses also rose (+€0.4m), notably due to higher infrastructure
costs (+€0.1m, including three new data centers in North America) and
recruitment-related fees and commissions (+€0.2m) incurred during H1 2025.
Other general expenses evolved in line with headcount growth and represented
12% of gross personnel expenses, the same level as in H1 2024.
Excluding depreciation and after IFRS 16 adjustments to lease costs (-€0.4m vs.
-€0.3m as of June 30, 2024), operating costs totalled €5.1m compared with €4.5m,
an increase of +€0.6m.

As a result, operating margin improved by +€1.6m, reaching 55%, compared with
51% in H1 2024 and 57% for full-year 2024.