Temenos Delivers Strong FY-25 Results and Raises FY-28 Targets

Business update

• Achieved FY-25 guidance which was raised twice, with strong performance across all key metrics
• Delivered above-market product revenue growth (subscription and SaaS, and maintenance) of 11% vs. market growth of 7% in first year of our strategic plan
• Sales environment remained stable
• Strong demand across regions and tiers, including multiple deals signed with tier 1 banks globally
• Very strong maintenance growth driven by premium maintenance signings
• Continued investment across the business in sales and product, in line with strategic roadmap – sales quota carrier headcount increase of 60%+
• Executing well-defined AI strategy across platform, process and people to capitalize on our structural advantage
• FY-26 guidance announced; FY-28 targets raised to reflect strong first year of execution, confidence in strategic positioning and good visibility

 Revenue

Non-IFRS revenue was USD 314.6m for the quarter, an increase of 11% vs. Q4-24 (proforma excluding Multifonds).

Reported IFRS revenue was USD 314.6m for the quarter, a decrease of 1% vs. Q4-24.

Non-IFRS subscription and SaaS revenue for the quarter was USD 151.7m, an increase of 7% vs. Q4-24 (proforma excluding Multifonds).

Reported IFRS subscription and SaaS revenue for the quarter was USD 151.7m, a decrease of 10% vs. Q4-24.

 EBIT

Non-IFRS EBIT was USD 106.3m for the quarter, an increase of 14% vs. Q4-24 (proforma, excluding Multifonds).

Reported IFRS EBIT was USD 69.5m for the quarter, a decrease of 19% vs. Q4-24.

 Earnings per share (EPS)

Non-IFRS EPS was USD 1.32 for the quarter, an increase of 14% vs. Q4-24 (proforma, excluding Multifonds).

Reported IFRS EPS was USD 0.62 for the quarter, a decrease of 43% vs. Q4-24.

Cash flow

USD 113.0m of free cash flow was generated in the quarter, an increase of 17% vs. Q4-24 (proforma, excluding Multifonds).

 Dividend

Taking into account the profit and cash generation in 2025, as well as the expected strength of future cash flows, Temenos intends to pay a dividend of CHF1.40 per share in 2026 subject to shareholder approval at the AGM on May 13, 2026. The timing for the dividend payment will be as follows:

• 13 May AGM approval
• 18 May Shares trade ex-dividend
• 19 May Record date
• 20 May Payment date

FY-26 non-IFRS guidance

The guidance for FY-26 is organic, non-IFRS, in constant currencies, except for EPS and FCF which are reported. Growth rates are versus FY-25 proforma (excluding Multifonds).

• ARR growth of c.12% c.c.
• Subscription and SaaS growth of c.9% c.c.
• EBIT growth of c.9% c.c.
• EPS growth of c.7% reported
• FCF growth of c.16% reported

FY-26 guidance includes a negative headwind on growth from the termination of one BNPL client in FY-25. There is no further headwind from this termination after FY-26. The impact is as follows:

• 3% pts on ARR
• 5% pts on subscription & SaaS
• 4% pts on EBIT and EPS

Currency assumptions for FY-26 guidance

In preparing the FY-26 guidance, the Company has assumed the following:

• EUR to USD exchange rate of 1.18;
• GBP to USD exchange rate of 1.35; and
• USD to CHF exchange rate of 0.78

The Company has also assumed the following for FY-26 guidance:

• FY-26 tax rate expected to be between 19-21%

 Raised FY-28 targets

Temenos has announced raised FY-28 targets. These targets are organic and non-IFRS.

• ARR of at least USD 1.23bn (up from at least USD 1.2bn)
• EBIT of c.USD 480m (up from c.USD 450m)
• FCF of c.USD 410m (up from c.USD 400m)

The guidance provided above and other statements about Temenos’ expectations, plans and prospects in this press release constitute forward-looking financial information and represent the Company’s current view and estimates as of February 24, 2026. We anticipate that subsequent events and developments may cause the Company’s guidance and estimates to change. Future events are inherently difficult to predict. Accordingly, actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors. More information about factors that potentially could affect the Company’s financial results is included in its annual report available on the Company’s website.

Conference call and webcast

At 18.30 CET / 17.30 GMT / 12.30 EST today, February 24, 2026, Takis Spiliopoulos, CEO and interim CFO, will host a webcast to present the results and offer an update on the business outlook. The webcast can be accessed through the following link:

Q4 2025 webcast link

Please use the webcast in the first instance to avoid delays in joining the call. For those who cannot access the webcast, the following dial-in details can be used as an alternative. Please dial in 15 minutes before the call commences.

Switzerland / Europe: + 41 (0) 58 310 50 00

United Kingdom: + 44 (0) 207 107 06 13

United States: + 1 (1) 631 570 56 13

 Non-IFRS financial information

Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company’s supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies. The Company’s non-IFRS figures exclude share-based payments and related social charges costs, any deferred revenue write-down resulting from acquisitions, discontinued activities that do not qualify as such under IFRS, gain/loss from business disposals, acquisition/investment/carve out related charges such as financing costs, advisory fees and integration costs and fair value changes on investments, charges as a result of the amortization of acquired intangibles, costs incurred in connection with a restructuring program or other organizational transformation activities planned and controlled by management, and adjustments made to reflect the associated tax charge relating to the above items.

Below are the accounting elements not included in the FY-26 non-IFRS guidance

• FY-26 estimated share-based payments and related social charges of c.5% of revenue
• FY-26 estimated amortisation of acquired intangibles of USD 40m
• FY-26 estimated restructuring/M&A related costs of USD 10m