Gloster's open order book grows steadily in Q4 2024

A Gloster Infocommunications Plc. 4739 million in the fourth quarter of 2024 forints, representing a 15% increase compared to the previous year. compared to the same period last year. This is a significant increase of 92% on average (CAGR) growth rate of Order backlog since 2021.

A Following the sale of the Systems Integration business, Gloster opened open order book consists exclusively of cloud-based services and and software development projects that generate ongoing revenue and higher and higher profits for the company. Management has prioritized to secure high-value, long-term foreign technology projects that further strengthen the company's growth prospects. The order backlog no longer includes the Systems Integration business.

All items are placed on open order book products and services ordered by all subsidiaries of the Gloster Group have valid orders but have not yet been fulfilled in the customers. Gloster's quarterly open order books are as follows were as follows:

all data in millions of HUF, unaudited, unconsolidated data

Source: Gloster Financial Department

* 2024 Q4 data not available include the Systems Integration business sold on 12.12.2024, open open order backlog

The Company open order backlog by 15%, up from 4134 million in Q4 2023 to HUF 4,739 million in Q4 2024 . Despite, the Systems Integration business was sold, the increase shows that the remaining activities continue to show strong growth and strengthen our company's core market position.

All data in millions in HUF, unaudited, unconsolidated data

Source: Gloster Financial Department

* 2024 Q4 data not available include open order books of the Systems Integration business

Our cloud business in 2024 significant growth in the fourth quarter of 2024, driven by continued revenues. The size of the European public cloud market reached USD 150-160 billion and Microsoft Azure's market share is between 22-24% 22-22%. With the merger of Gloster Cloud Zrt. and Systemfarmer Zrt. the largest domestically owned Microsoft cloud services partner company in Hungary, which further strengthened our market position. Share of recurring revenues exceeds 80%, which provides us with stability and predictability. AI-based services and Microsoft's AI platform also contribute to our growth as more and more companies adopt these solutions.

International software development business continues to see a stable business and orders continue to be and we are optimistic about the year ahead in terms of orders from our customers. orders from our customers and our framework agreements are in place.

At Gloster - Minero IT Hungary Kft. orders for the first half of the year 2025 are already visible, based on these a stable start for the new year and orders for this year are still will continue to come in during the first quarter.

The Gloster - P92 Informatikai Kft. our largest customers, we continue to see stable business performance throughout 2025 we have orders for current projects. Some smaller projects with smaller downturn, but there are two promising new clients where projects are to get projects off the ground quickly.

In addition to orders from existing customers we are also optimistic about the prospects for new customer acquisition. International sales teams and the strong sales force we have built up over the past year relationships we've built over the past year, we're on track to win more new clients and projects in 2025 and new projects.

Analysts target prices

A Gloster is followed by the independent investment provider Erste . Full analysis link and the target price can be found in the table below:

Present In this information, the quarterly stock of open orders at group level orders contracted but not yet fulfilled as at 31.12.2024 2024. During the quarters covered by the report, the calendar quarters. This statement is preliminary, unaudited, non not consolidated.

Next, scheduled appearances

2025.Q1 Order backlog report - second week of April 2025

Present This prospectus has been prepared by Gloster Infokommunikációs Nyrt. Nagytarcsa, Csonka János u. 1/A. A/2. building). factual information and reasonable information based on reasonable calculations and reasonable and reasoned conclusions, which may be relied upon by persons entitled to do so under the applicable obligations under the applicable legal provisions. This (Act CXX of 2001 on the Capital Market), § 5 (1) paragraph 5(5)(9) of the Stock Exchange Act does not constitute an "investment recommendation" and is not subject to the provisions of the Bszt. (on investment firms and commodity exchange service providers and on the and the rules governing the activities they may carry out) Article 4(2)(8) does not include investment analysis, financial instruments, exchange-traded products or their issuers or other information, the disclosure of which would in itself or in any other way, may influence the investor to decide for himself or or other person's money or other assets from the effects of the capital market, in whole or in part to depend on the effects of the market. Gloster Infocommunications Plc and its representatives shall not are not responsible for any conclusions drawn from the information contained in this prospectus. for investment decisions based on the conclusions of the information contained in this report, their adverse legal consequences, or financial losses.

Nagytarcsa, 13 January 2025.

More Information:

dr. Adrienn Karlovich-Szabó

Investors relations officer

karlovich.szabo.adrienn@gloster.hu