Q1 Interim Report 1 January – 31 March 2026

Risk Intelligence A/S (“Risk Intelligence” or "Company") hereby publishes the Q1 Interim Report for the period January - March 2026. The report is available on the Company's investor website (investor.riskintelligence.eu).

Highlights:

CEO Hans Tino Hansen

“During the firstquarter of 2026 we have successfully signed agreements with five new clients, where three aregovernment and twoareprivate companies, which are bothfrom the energy sector.All five will have full impact on ARR from Q2.Finally, we couldannouncethat our Government & Defence business segment had won the Nordic Military Mobility project, which will be running until Summer 2026.

Furthermore, Risk Intelligence has signed asignificantthree-year extension with a major international insurance client, which is an important foundation for recurring revenue2027-2029.

System ARR increased with 6%and NRRwas105%based on upsell andno churn. As NRR is only based on revenuefrom the Risk Intelligence Systemit does not reflect the upsell inintelligence reports, which are part of the reported total ARR, which increased by 8%.

The first quarter of 2026 resulted in a small positive EBITDA and subsequently Risk Intelligence has deliveredthe fifth quarter withpositive EBITDAin a row.

While the invoiced revenue increased with 1%, the recognised revenue decreased with 6%comparedtoQ1 2025. This is mainly due tothe earlier reported loss of revenuea US government clientin Q32025, which will impactrecognised revenue andcomparison figures until Q3 2026.The Q1 EBITDA is based on decrease in revenue of 6% and a decrease in costs of 4% compared to Q1 2025, or a net decrease of 2%.

During the quarter payable debt has been reduced with DKK 2.8Mfrom cash flow as part of the strategy to reduce debt over the next couple of years, while still developing thebusinessand investing in new solutions.

The beginning of the yearhas been strongly impacted by the US-Israeli attack on Iran 28 February, where Risk Intelligencehaddistributed atimelywarningto our clients on18February that a militaryoperation on Iranwas likelyto happen.The subsequentspreading to the wider Gulf regionhas had asignificant impact on the global economyand security.

The warhas also impacted a wide range of our clients with especially shipping, energy andinsurance being directly involved, where we have done our best to support their operationsduring the war.”

Reporting period January 2026 – March 2026

DKK ‘000

Metrics Q1 2026:

DKK ‘000 (2025)

Guidance 2026:

For more information on services and the System:
Please watch our corporate video:Knowing Risk

Risk Intelligence A/S was founded in 2001 by Hans Tino Hansen. The company has evolved to become a prominent company in security risk management by delivering threat and risk assessments worldwide. Risk Intelligence operates and assists customers and partners from headquarters located in Hellerup north of Copenhagen, the office in Singapore as well as through analysts and representatives in Europe, Asia and North America. The business model is designed with international scalability in mind and the company is globally regarded as a specialist in its field. Risk Intelligence’s core product is the Risk Intelligence System, a digital solution that allows clients to monitor global security risks and enables them to plan and implement missions in risk areas. Risk Intelligence is listed on the Spotlight Stock market [RISK].

For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail:investor@riskintelligence.eu

Website and social media:
Website: investor.riskintelligence.eu and riskintelligence.eu
Twitter: twitter.com/riskstaff
LinkedIn:linkedin.com/company/risk-intelligence
Facebook:facebook.com/riskstaff

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