WPTG AB Outlines Strategic Initiatives Supporting Revised Financial Forecast for 2028

Today, White Pearl Technology Group AB (Nasdaq First North: WPTGB, OTC: WPTGF) provided a detailed overview of the strategic initiatives supporting its recently announced revised Vision 2028 financial targets. This follows the March 12 announcement in which the Company raised its long-term revenue targets.

Comparison of Previous and Revised Financial Targets

Year	Previous Target			Revised Target			Revenue Change
	Revenue (MSEK)	EBITDA Margin	EBITDA (MSEK)	Revenue (MSEK)	EBITDA Margin	EBITDA (MSEK)
2021 (A)	134.9	11.0%	14.9	135	11.0%	14.85	-
2022 (A)	182.5	11.1%	20.3	183	11.1%	20.31	-
2023 (A)	239.6	14.1%	33.8	240	14.1%	33.84	-
2024	290	>14%	-	310	16.3%	50.53	+6.9%
2025 (E)	370	>14%	-	470	15.4%	72.38	+27.0%
2026 (E)	455	>16%	-	572	16.1%	92.09	+25.7%
2027 (E)	570	>17%	-	694	17.0%	117.98	+21.8%
2028 (E)	700	>17%	-	827	17.1%	141.42	+18.1%

Note: (A) denotes actual results, (E) denotes estimates. These figures include organic growth and planned acquisitions, excluding depreciation, interest, taxes, and write-offs.

Strategic Growth Pillars

WPTG's enhanced growth forecast is built upon five strategic pillars designed to drive sustainable long-term growth:

1. Geographic Expansion

The Company continues to strengthen its presence in established markets while strategically entering new regions:

• Nordic Region: WPTG’s recent acquisition of Lumin4ry has significantly enhanced its capabilities in the Swedish market. Integration is progressing well, and cross-selling opportunities are already emerging.
• Middle East & Africa: Strong demand continues in these regions, with several major contracts secured in Q4 2024. The Company has successfully expanded its client base in Saudi Arabia, UAE, Egypt and South Africa.
• Latin America & North America: WPTG has established initial operations in Brazil and is preparing market entry into the United States, with first client engagements expected in Q2 2025.

2. Technology Portfolio Evolution

WPTG is executing a strategic shift in its technology approach:

• Moving from single ERP implementations to best-of-breed point solutions that address specific business challenges
• Enhancing AI and machine learning capabilities across all service offerings
• Developing proprietary frameworks for municipal transformation and industrial technology solutions

Stephen Nurcombe-Thorne, SVP of AI, Data Science and Blockchain, commented: "Our revised growth projections are underpinned by a fundamental shift in our technology approach. We're moving beyond single ERP solutions to deploy best-of-breed point solutions that address specific business challenges across diverse markets. This technology-agnostic approach allows us to create tailored solutions that integrate AI and machine learning capabilities for fraud detection, revenue optimisation, and digital engagement. Our 2024 results demonstrate how this approach is paying dividends. By building proprietary frameworks for municipal transformation and industrial technology solutions, we're not just implementing technology — we're creating intellectual property that will drive sustainable growth through 2028 and beyond."

3. Operational Excellence

To maintain strong profitability while growing rapidly, WPTG is implementing an optimised delivery model:

• Balancing onshore and offshore resources to ensure cost efficiency and high-quality delivery
• Enhancing project management methodologies to improve margins and client satisfaction
• Implementing standardised delivery frameworks that accelerate implementation timelines

4. Acquisition Strategy

WPTG will continue pursuing strategic acquisitions to complement organic growth:

• Focus on companies that bring complementary technologies or expand market reach
• Disciplined approach to valuation and integration planning
• Near-term focus on Nordic and North American targets

Ashley de Klerk, Executive Vice President, noted: "Our acquisition strategy is a key component of our growth plan. The success of the Lumin4ry integration demonstrates our ability to identify, acquire, and integrate complementary businesses. While the Lumin4ry model temporarily impacts our EBITDA margins in 2025, our planned investments in higher-margin service offerings are expected to restore and enhance profitability from 2026 onwards."

5. Talent Development

WPTG recognises that its success depends on attracting and retaining top talent:

• Expanded training programs focused on emerging technologies
• Enhanced career development paths to improve retention
• Structured knowledge transfer processes to scale expertise across regions

2025 Focus Areas

For the current fiscal year, WPTG is prioritising:

• Successful integration of Lumin4ry and realisation of cross-selling opportunities
• Expansion of AI and data analytics service offerings across all regions
• Launch of proprietary solutions for municipal revenue enhancement and industrial process optimisation
• Establishment of initial North American presence

Marco Marangoni, CEO of White Pearl Technology Group, concluded: "The strategic initiatives we've outlined today provide the foundation for achieving our ambitious Vision 2028 targets. Our diverse geographic presence, evolving technology portfolio, and talented team position us to capitalise on the growing global demand for digital transformation services. While we anticipate some margin pressure in 2025 due to our investments in strategic growth initiatives, we're confident these investments will drive enhanced profitability in subsequent years."

About White Pearl Technology Group AB

White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 750 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.

For more information, please contact:

Investor Relations
White Pearl Technology Group AB
Email: [email protected]
Phone: +46 707 340804

The company's Certified Adviser is Amudova AB, email: [email protected], phone: +46 8 546 017 58.