Gofore's Interim Report Q3 2026: Q3 net sales growth 19.7%, profitability improved significantly from H1. 27.10.2026 08:30:10 EET | Gofore Oyj | Interim report (Q1 and Q3) Gofore Plc Interim Report Q1 and Q3 27 October 2026 at 8.30 am EEST July-September 2026 * Net sales increased by 19.7% from the previous year, organic net sales growth was 1.5%. * Adjusted EBITA was 4.4 (3.6) million euros, 8.9% (8.7%). * Profitability improved compared to both previous quarters and the comparison period, driven by synergy benefits in administrative costs and improved management of fixed-price projects. * Change in customer prices was +1.7% (-1.8%). * Change in average salary was -2.2% (-0.3%). * Number of employees down to 1,769 (1,786) due to the sale of Product Design and Technical Documentation. Total capacity was 1,844 (1,855). * In June, Gofore announced the sales of its Product Design & Technical Documentation business to CoE Group and the transaction was completed on September 1, 2026. The net personnel impact of this sale was 107. * During the quarter, Gofore signed new customer relationships and extension agreements with national railway company VR Group, the Finnish Transport Infrastructure Agency, and the Tampere higher education community TUNI, strengthening its position as a development partner for transport, infrastructure, and AI solutions. January-September 2026 * Net sales increased from the previous year by 27.4%, totaling 167.9 (131.8) million euros. Organic growth was 1.6%. * Adjusted EBITA was 13.0 (8.5) million euros, 7.7% (6.4%) of net sales. Adjusted EBITA increased by 1.3 percentage points compared to last year. * The change in customer prices was +1.1% (-3.0%). * Average salary change was -1.1% (+0.1%). * On 2 January, 2026, Gofore completed the transaction of the entire share capital of the German digital transformation expert company Esentri AG. The debt-free purchase price was EUR 10 million, and the already confirmed additional purchase price was EUR 1.5 million. Events after the review period On 22 October 2026, Gofore was chosen as KEHA Centre's partner in two extensive frame agreements. There were two separate releases related to the two separate procurement decisions received. The Interim Report is attached to this release and can be found on Gofore's IR website at https://gofore.com/en/invest/. The report includes e.g. the most significant new agreements, an extensive key figure table, profit and loss statement and balance sheet, as well as Gofore's market outlook and near-term risks. This is an IAS34 compliant interim report. The numbers are unaudited. Key Figures | [EUR million, unless otherwise specified] | [Q3/2026] | [Q3/2025] | [2025] | | [Net sales] | [49.3] | [41.2] | [191.4] | | [Organic Growth of Net Sales, %] | [1.5%] | [-3.3%] | [-4.0%] | | [Adjusted EBITA] | [4.4] | [3.6] | [16.8] | | [Adjusted EBITA, %] | [8.9%] | [8.7%] | [8.8%] | | [EBITA] | [6.0] | [2.7] | [15.7] | | [Operating Profit (EBIT)] | [4.8] | [1.8] | [11.7] | | [Earnings per share (EPS), undiluted] | [0.24] | [0.10] | [0.59] | | [Earnings per share (EPS), diluted] | [0.24] | [0.10] | [0.58] | | [Number of employees at the end of period] | [1,769] | [1,786] | [1,791] | | [Overall capacity; own and subcontracted personnel (FTE), at the end of period] | [1,844] | [1,855] | [1,851] | CEO Mikael Nylund: "In the third quarter, Gofore's net sales increased by 19.7 percent to 49.3 million euros. Adjusted EBITA grew to 4.4 million euros, which is 8.9 percent of net sales. In the comparison period, net sales were 41.2 million euros and adjusted EBITA 3.6 million euros, or 8.7 percent of net sales. Organic growth was 1.5 percent. Its continued positive development throughout the year is an important sign for Gofore that the trend is turning. In Finland, its growth is already slightly faster than this, while the turnaround in the DACH business is still yet to materialise. Profitability also developed in the right direction as expected. Integration synergies, other efficiency measures and the improved utilisation rate towards the end of the period have all supported this positive trend. The development is headed the right way, and Gofore know Gofore still have potential to do even better. The number of employees decreased following the sale of the Product Design and Technical Documentation business completed in the autumn and was 1,769 at the end of the quarter. Attrition was expectedly higher than usual, driven by new competence requirements and efficiency measures. Its employer brand remains strong, as shown by the results of the Universum survey of Finnish IT professionals published on 1 October: Gofore ranks as the second most desirable employer among IT consulting companies in Finland. In its strategic sectors, the Intelligent Industry business developed better towards the summer than in the early part of the year, and this positive trend continued after the summer holidays. Customer confidence appears to have recovered, which is reflected in investments. The Intelligent Industry 26 event Gofore organised in September brought its customers together to explore the solutions Gofore has developed for the sector. At the event, Gofore presented, among other things, its Simulator Workspace solution discussed in this review. It enables its customers to move into a virtual product development environment, accelerating development and improving its quality. The Defence and Space business continued the strong growth seen in the first half of the year. Market demand is good, and through effective strategy execution, Gofore has succeeded in establishing ourselves as a well-known player in the sector. For example, resilience and crisis preparedness, as well as the use of space data, are trends in which Gofore's expertise is particularly relevant. In the Digital Society business' market, competition remains intense, but investments related to artificial intelligence are creating new opportunities. Customers are now looking for ways to move from individual AI experiments toward broader use that renews practical operations. Gofore is already seeing concrete examples of AI-driven software development that enhances the delivery of customised systems, as well as investments in AI platforms and dedicated AI expertise. The growing importance of AI development in the public sector is reflected, among other things, in the recent publication by the Finnish Ministry of Finance, "Agentic Finland", which examines future AI-based public administration and the means to achieve it. Following the Esentri acquisition, its DACH business is now on a stronger footing than before, both in terms of expertise and customer portfolio. The turning point in organic growth has, however, not yet been reached. Gofore believe that market-driven demand and new customer relationships will, in time, offset the decline in certain existing customer accounts. Artificial intelligence, a theme that connects all industries, is rapidly transforming the market for digital services. For Gofore, this change is above all an opportunity to grow. Its customers' need to renew their business, services and ways of working with the help of technology is not disappearing, but changing form. Gofore want to be at the forefront of this transformation. Gofore grows with the AI transformation, not despite of it." Monthly net sales development in 2026 The numbers are unaudited. | [Month] | [Net sales,] [MEUR] | [LTM pro forma net sales] | [No. of employees at end of period] | [No. of working days in Finland] | [Own capacity] [FTE] | [Sub- contracting FTE] | | [January] | [18.7 (15.6)] | [227.9] | [1,892(1,470)] | [20 (21)] | [1,767 (1,387)] | [180 (148)] | | [February] | [19.3 (14.8)] | [228.3] | [1,889 (1,470)] | [20 (20)] | [1,765 (1,381)] | [185 (144)] | | [March] | [22.1 (16.1)] | [230.0] | [1,887 (1,469)] | [22 (21)] | [1,775 (1,379)] | [181 (150)] | | [April] | [19.8 (15.5)] | [229.7] | [1,885 (1,470)] | [20 (20)] | [1,771 (1,388)] | [186 (163)] | | [May] | [19.1 (15.5)] | [229.1] | [1,882 (1,472)] | [19 (20)] | [1,773 (1,381)] | [178 (163)] | | [June] | [19.6 (13.2)] | [231.0] | [1,878 (1,390)] | [21 (20)] | [1,769 (1,313)] | [165 (149)] | | [July] | [8.5 (5.8)] | [230.6] | [1,862 (1,380)] | [23 (23)] | [1,759 (1,304)] | [89 (72)] | | [August] | [19.3 (14.7)] | [231.4] | [1,879 (1,373)] | [21 (21)] | [1,766 (1,298)] | [151 (149)] | | [September] | [21.5 (20.7)] | [228.7] | [1,769 (1,786)] | [22 (22)] | [1,671 (1,665)] | [173 (190)] | Financial disclosure Gofore publishes business reviews for the months that are not included in interim reports or the half-year report, in the beginning of the month following the month reported. The 2027 calendar for financial communications will be disclosed at the end of 2026. Further information: Contacts. About Gofore Oyj. Gofore is a European consultancy, technology, and solutions company. Gofore is pioneers in combining the tangible and digital worlds, as well as technological opportunities with changes in human behavior. Its experts help its customers look beyond today's immediate and obvious needs. Gofore is building a safe, functioning, and a responsible society and industry with their products and services. Gofore consists of some 1,800 experts in business, AI adoption, transformation, and the design and development of products and digital services, operating across 24 cities in Finland, Germany, Austria, Liechtenstein, Czechia, Estonia, and Spain. Its net sales were 191.4 million euros in 2025. Gofore Plc's share is listed on Nasdaq Helsinki.

Who owns Europe's Digital Infrastructure? Gofore at the German-Finnish Business Forum 2026. Competence Digital Society Gofore Crew Europe is facing a strategic realignment. Resilient and sovereign infrastructure has become a basic prerequisite for economic stability. That was exactly the focus of the German-Finnish Business Forum 2026 in Munich. The AHK Finland (German-Finnish Chamber of Commerce) brought together leading figures from business and politics to discuss concrete solutions for a future-proof energy and digital infrastructure. Gofore was represented on the panel by Kevin Wennemuth, Head of Cybersecurity, on the subject "Does Europe Still Control Its Own Digital Infrastructure?". By 2036, Germany will provide a total of €500 billion for infrastructure and climate protection, while also investing in defense and cyber capabilities. Finnish companies bring proven expertise in digitalization, smart grids, and resilient energy systems. The forum brought these complementary strengths together, showcased market-ready solutions, and kicked off concrete partnerships. A strong start. The forum was opened with welcome addresses from Finland's Minister of Energy and the Environment, Sari Multala, the Head of Department at the Bavarian State Ministry for Digital Affairs, Dr. Hans Michael Strepp, IHK Vice President Prof. Dagmar Schuller, and AHK President Dirk Hofmann. The day centered on sovereign digital and energy infrastructure, with keynotes, company case studies, and panel discussions. Around 50 B2B meetings were booked for the first day of the forum alone. Panel: does Europe Still Control Its Own Digital Infrastructure? The first substantive item on the day's program raised the question: "Does Europe Still Control Its Own Digital Infrastructure?" The panelists were: * Eleftherios Papadopoulos, Nokia * Alexander Britz, Microsoft * Risto Rajala, FISC - Finnish Information Security Cluster * Dr. Hans Michael Strepp, Bavarian State Ministry for Digital Affairs * Kati Nyman, Elisa * Kevin Wennemuth, Gofore The perspectives ranged from network infrastructure and cloud providers to cybersecurity networks and public administration, which made the discussion so valuable. Sovereignty doesn't mean isolation. The panel addressed Europe's digital sovereignty, critical dependencies, and the resilience of the infrastructure that society and the economy rely on every day. The key takeaway: Europe does not have to develop everything itself. What matters is its ability to: * understand and actively manage dependencies, * make sovereign decisions, and * ensure the long-term security and availability of critical services. This applies to digital infrastructure as much as to energy supply. Freedom of choice, diversification, and the ability to manage risks consciously matter more than isolation. The benefits of international cooperation must not be lost from view. Its perspective: value-based cybersecurity. Representing Gofore, Kevin Wennemuth offered a pragmatic perspective that clearly resonated with the audience. His key message: Human values-based cybersecurity is key to Europe. Shared values create shared motivation, which in turn provides the foundation for collective impact. Cybersecurity must go beyond declarations of intent and combative rhetoric. Gofore Plc need tangible results. Resilience and the circular economy belong together. Even beyond the digital sphere, the forum demonstrated just how closely these topics are interlinked. In a separate programme on resilience and the circular economy, participants discussed companies that make intelligent use of resources and build sustainable value chains, thereby reaping both environmental and economic benefits. At the same time, they are becoming more resilient in an increasingly volatile environment. Many of Europe's future topics benefit from German-Finnish cooperation: resilient energy systems, digitalization, industrial scaling, and quantum technologies. Europe's sovereignty requires technology openness, reliable framework conditions, and above all, trust. Kevin Wennemuth. Head of Cybersecurity Kevin Wennemuth is Head of Cybersecurity at Gofore DACH and a recognized expert in cybersecurity. As a trusted advisor, he combines red and purple teaming with strategic consulting, crisis management, and hands-on expertise in IT, OT, and physical security. For more than 15 years, he has shared his knowledge at international conferences, in expert panels, and through specialist publications - delivering clear, thought-provoking insights that are always grounded in real-world threat scenarios. Get the latest topics from the digital front of building the next generation industry solutions and tomorrow's digital society.