October 2025: Pro-forma growth metrics update

October was another month of solid progress for the group:

• Consolidated run-rate ARR reached 4.50 MSEK, up +1.4 MSEK YTD (+46%) and +0.34 MSEK MoM (+8.1%).
• Net new ARR for the last three months (Aug-Oct) amounted to +569 TSEK, showing continued steady growth.
• October revenue was 389 TSEK (+9.2% MoM).
• October EBITDA (adj., excl. relisting costs) improved to -20 TSEK, bringing us close to breakeven and marking our strongest month of 2025.
• R3M EBITDA (adj.) came in at -133 TSEK, reflecting clear sequential improvement.
• Gross margin increased to 69% in October, above both the R3M (63%) and YTD (64%) levels, supported by a stronger product mix and reduced storage costs.
• We now have a signed backlog of 4.1 MSEK and total contracted ARR of 8.7 MSEK.

We continue to focus on disciplined growth, improving profitability, and strengthening our contracted revenue base.

For further information, please contact:

Sindre Sørlie, CEO/ [email protected] /+47 970 14 908 

Haavard Traa, CFO / [email protected] / +47 959 49 356

Website: https://Synexo.group

About us

Synexo Group AB (publ) is a Nordic technology group listed on Nordic SME in Sweden.
The company is building a platform for long-term growth within backup, recovery and data protection, with a focus on recurring revenue and high operational efficiency.

Through a buy-and-build strategy, the company combines organic growth with strategic acquisitions to consolidate the Nordic market and establish itself as a leading provider of data protection and recovery services.

The company currently owns two Nordic "Backup-as-a-Service" businesses - Backupbuddy AS and Backupbanken AS - which together form a solid foundation with pure ARR revenue and low capital intensity.

Synexo Group's strategy is to create value through the acquisition and integration of profitable companies within backup, SaaS, IT security and data protection, generating cost synergies across infrastructure, licenses and operations, and strengthening customer trust through Nordic data storage that ensures regulatory compliance, data sovereignty and high security.

The goal is to build a Nordic "mini-Constellation Software" company with stable returns and international expansion potential.