Gloster's open order book remains on an upward trajectory in Q1 2025

Gloster Infocommunications Plc. closed the first quarter Gloster Infocommunications Plc. with an open order backlog of HUF 3,939 million, representing a 13% increase compared to the same period last year. This represents a significant average growth rate (CAGR) of 69% in Order backlog since 2022.

The growth experienced during the quarter is particularly noteworthy in light of the fact that the Company has undergone significant transformation in recent times. The continuous expansion of the order book indicates that the increased focus of the portfolio and more efficient business operations are strengthening the Company's market presence and contributing to the maintenance of long-term growth potential. The volume of orders received from new and existing customers continues to provide a strong foundation for achieving business objectives in the coming period.

It is important to note that the growth achieved in the first quarter of 2025 followed a period in which the Company made a significant strategic decision: on December 12, 2024, it sold its System Integration business in order to focus its resources on strengthening its presence in international markets. Despite this, the Order backlog continued to grow compared to the first quarter Order backlog . This positive trend shows that the Company's renewed focus is effective and that its international growth strategy is already having a favorable impact on order intake in the short term.

Gloster's quarterly open order book was as follows:

all data in millions of HUF, unaudited, unconsolidated data

Source: Gloster Finance Department

All products and services for which all subsidiaries belonging to the Gloster Group have valid orders but which have not yet been invoiced to customers are included in the open order portfolio.

The Company's order backlog increased by 13% from HUF 3,470 million in Q1 2024 to HUF 3,939 million in Q1 2025. Despite the sale of the System Integration business unit, this growth shows that our remaining activities continue to grow strongly and reinforce our company's fundamental market position.

All figures in millions of Hungarian forints, unaudited, non-consolidated data

Source: Gloster Finance Department

The first quarter was an extremely busy period for the cloud business: we successfully completed a number of internal integration projects, while the next development phases of several initiatives were launched.

For the rest of the year, demand for digital transformation will continue to grow, with our customers primarily seeking technological solutions that optimize their business processes and increase their competitiveness. Market demand has grown significantly for customized, cloud-based services and solutions that guarantee data security. In addition, special attention is being paid to the data management challenges associated with the use of new technologies, particularly artificial intelligence, as well as compliance with NIS2 regulations. Following numerous IT audits, system implementations have been launched and will continue throughout the rest of the year.

In the second quarter, as Hungary's largest domestically owned Microsoft partner, we will continue to focus on delivering innovative, high value-added solutions. We are constantly expanding our customer base with both domestic and international companies. Our strategic goal is to make Gloster Cloud's expertise and services available in foreign markets, thereby strengthening our international presence.

In the international software development business , we have experienced a temporary decline in volume for certain existing orders, but we are treating the situation as an opportunity for growth: we are actively working to identify new business opportunities and expand our existing market presence. As part of this, several promising negotiations are at an advanced stage.

Our partnership with BMW is proving particularly promising in the medium term. The company has launched a series of workshops for its suppliers at the organizational level, with the aim of increasing the efficiency of software-based services, with a particular focus on further developing the international shoring model. This initiative could open up significant opportunities for us, especially in the area of high value-added services.

As a result of our ongoing sales activities, we have launched several small-scale pilot projects, which have received positive initial feedback. These are of strategic importance, as we expect them to develop into larger-scale, long-term collaborations in the near future. In addition, we continue to pay special attention to strengthening our partner network and establishing new industry relationships.

Upcoming, planned releases

2025 Q2 Order backlog - Second week of July 2025

This prospectus has been prepared by Gloster Infokommunikációs Nyrt. (registered office: 2142 Nagytarcsa, Csonka János u. 1/A. Building A/2.) This prospectus contains only factual information and reasonable conclusions based on reasonable calculations, which have been made public by the persons entitled to do so in accordance with the applicable legal obligations. This prospectus does not constitute an "investment recommendation" within the meaning of Section 5 (1) 9) of the Act on Capital Markets (Act CXX of 2001 on the Capital Market) and Section 4 (2) 8) of the Act on Investment Firms and Commodity Exchange Service Providers and the Rules of Activities They May Perform (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules of Activities They May Perform). 4.4.1.2. does not contain any analysis, proposal or other information concerning an investment analysis, a financial instrument, a stock exchange product or its issuer, the disclosure of which, in itself or in any other way, could influence an investor to make his own or another's money or other assets dependent, in whole or in part, on the effects of the capital market. Gloster Infocommunications Plc and its representatives accept no liability for any investment decisions based on the conclusions drawn from the information contained in this prospectus, for any adverse legal consequences thereof or for any financial losses.

Nagytarcsa, 2025. april 9.

More information:

Dr. Adrienn Karlovich-Szabó

Investor Relations Officer

karlovich.szabo.adrienn@gloster.hu