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

Gloster Infocommunications Plc closed the first quarter of 2025 with an open order book of HUF 3,939 million, an increase of 13% compared to the same period last year. This represents a significant increase of 69% (CAGR) in the growth rate of the open order book since 2022.

The growth in the quarter is particularly noteworthy given the significant transformation the Company has undergone in recent times. The steady increase in the order book indicates that a more focused portfolio and more efficient business operations are strengthening the market presence and contributing to sustaining long-term growth potential. The volume of orders received from new and existing customers continues to provide a strong basis for achieving business targets in the coming period.

It is important to highlight that the growth achieved in the first quarter of 2025 followed a period in which the Company made a significant strategic decision to divest its Systems Integration business on 12 December 2024 in order to focus its resources on strengthening its presence in international markets. Nevertheless, the order backlog continued to increase compared to the first quarter of 2024. The positive trend shows that the Company's renewed focus is effective and that the international growth strategy is already having a positive impact on order backlog trends in the short term.

Gloster quarterly open order books for the quarter were as follows:

all data in millions of HUF, unaudited, unconsolidated data

Source: Gloster Finance Department

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

The Company's order backlog increased by 13% to HUF 3,939 million in Q1 2025 compared to HUF 3,470 million in Q1 2024. Despite the sale of the Systems Integration business, the increase shows that our remaining activities continue to show strong growth and strengthen our core market position.

All data in millions of HUF, unaudited, unconsolidated data

Source: Gloster Financial Department

The first financial quarter was a very active period for the cloud business, with several internal integration projects successfully completed and several initiatives entering the next phases of development.

The demand for digital transformation will continue to grow throughout the rest of the year, with customers looking for technology solutions to optimise their business processes and increase their competitiveness. Market demand has increased significantly for customised cloud-based services and solutions that guarantee data security. In addition, the data management challenges associated with the use of new technologies, in particular artificial intelligence, and compliance with the NIS2 regulation are also receiving particular attention. Following a number of IT audits, system implementations have been launched and will continue for the rest of the year.

Second quarter - Hungary as the largest domestic Microsoft partner in Hungary - continued to be innovative, high added value solutions. Our customer base We are continuously expanding our client base to include not only domestic but also international companies. Our strategic goal is to leverage Gloster Cloud's expertise and and services in foreign markets, thus strengthening our international presence.

A in theinternational software development business , some existing experienced a temporary decline in volumes, but the situation as a development trend: we are actively working on new business opportunities and expanding our existing market presence. To this end, As part of this, several promising negotiations are at an advanced stage.

Our partnership with BMW is looking very promising for the medium term. The company has launched a series of workshops for its suppliers at organisational level, aimed at improving 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 activity, we have managed to launch several small-scale pilot projects, with positive initial feedback. These are of strategic importance, as we expect them to develop into larger-scale, long-term partnerships in the short term. We will also continue to focus on strengthening our partner network and developing new industry relationships.

Next, scheduled appearances

2025.Q2 Order backlog report - second week of July 2025

This prospectus notice has been published by Gloster Infocommunications Plc. (registered office: 2142 Nagytarcsa, Csonka János u. 1/A. building A/2.). This prospectus contains only factual information and reasonable calculations 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 is published in accordance with Section 5(1) of the Act on Capital Markets (Act CXX of 2001 on the Capital Market). 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 on the influence of the market. Gloster Infocommunications Plc. and its representatives do not responsibility for any conclusions drawn from the information in this prospectus. investment decisions based on the conclusions of the information contained herein, their adverse legal consequences, or financial losses.

Nagytarcsa, 9 April 2025.

More Information:

dr. Adrienn Karlovich-Szabó

Investors relations officer

karlovich.szabo.adrienn@gloster.hu