Ad hoc announcement pursuant to Art. 53 LR

GRAND-LANCY, Switzerland, July 22^nd, 2026 – Temenos AG (SIX: TEMN), a global leader in banking technology, today announced its second quarter 2026 results.

Commenting on the results, Temenos CEO and interim Chief Financial Officer, Takis Spiliopoulos said:

“We had a strong start to the quarter and a stable sales environment throughout, however we saw a small number of mainly large and new logo deals timed out at the end of the quarter, mostly in Europe. Importantly, none of these deals have been lost. I am pleased to say we have been able to sign the majority of the slipped subscription and SaaS revenue in the first three weeks of Q3-26, which gives us confidence in our pipeline conversion. These deals include one of the largest banks in Central and Eastern Europe, as well as a tier 1 European bank. As such, we are providing Q3-26 guidance of at least 30% growth in non-IFRS subscription & SaaS revenue.

We delivered double digit ARR growth driven largely by premium maintenance and growth in SaaS ACV, partly offset by the decline in Subscription and SaaS revenue, and we had a good performance on EBIT and free cash flow which was up 14%.

Looking at the regions, APAC performed particularly well, signing a large deal with a new logo and multiple deals with existing customers. We are making good progress in the US, with a regional bank signed early in Q3-26 to migrate to Temenos Core on SaaS with Azure. We have strengthened our US leadership with the hiring of Brian DuVal as President North America, and Rodrigo Silva has moved to President LATAM to focus on the significant growth opportunities we see in Brazil and other countries in this region.

We continued to invest in the business with new hires in our India and US software development teams, and I was pleased to announce the closing of the additiv acquisition which expands our Wealth offering and AI-driven orchestration capabilities. additiv is highly complementary to our existing products and we have already seen strong interest from clients across all tiers.  We also made good progress on our product roadmap with multiple launches at TCF including composable core solutions for deposits and lending, as well as Intelligent Core and Intelligent Digital as part of our AI product strategy.

With a robust start to the third quarter and very good visibility driven by a strong pipeline of large and new logo deals we have reconfirmed our FY-26 guidance and FY-28 targets.”

Annual Recurring Revenue (ARR)

Note: *Constant currency (c.c.) adjusts prior year for movements in currencies

Income statement and free cash flow

Note: Proforma excludes Multifonds in previous quarters. The sale of Multifonds was completed in Q2-25. The definition of non-IFRS adjustments is provided below. *Constant currency (c.c.) adjusts prior year for movements in currencies

Business update

• Stable sales environment throughout the quarter, however subscription and SaaS revenue below expectations due to slippage in a small number of mainly large and new logo deal signings, mostly in Europe
• Majority of slipped subscription and SaaS revenue signed in first three weeks of Q3-26, including deals with one of the largest banks in Central and Eastern Europe, and with a tier 1 European bank, with no deals lost
• APAC performed particularly well in Q2-26, signing multiple deals, with new logos and existing customers
• Momentum in US with regional bank signing to move to Temenos SaaS on Azure early in Q3-26
• Continued double-digit growth in premium maintenance signings
• Investment across the business to deliver strategic roadmap with selective senior hirings, increasing headcount in India and US software development teams and acquisition of additiv to drive wealth and orchestration
• Temenos customers across all tiers, especially tier 1 and 2, showing strong interest for additiv Wealth offering
• Growth in profitability driven by revenue and operational leverage, strong double-digit free cash flow growth
• Robust start to the third quarter and very good visibility driven by a strong pipeline of large and new logo deals
• Q3-26 guidance for non-IFRS subscription and SaaS growth of at least 30%; FY-26 guidance and FY-28 targets reconfirmed

Revenue

Non-IFRS revenue was USD 281.5m for the quarter, an increase of 1% vs. Q2-25 (proforma excluding Multifonds) which was a strong base of comparison.

Reported IFRS revenue was USD 281.5m for the quarter, a decrease of 1% vs. Q2-25.

Non-IFRS subscription and SaaS revenue for the quarter was USD 109.0m, a decrease of 13% vs. Q2-25 (proforma excluding Multifonds).

Reported IFRS subscription and SaaS revenue for the quarter was USD 109.0m, a decrease of 14% vs. Q2-25.

EBIT

Reported non-IFRS EBIT was USD 116.1m for the quarter, an increase of 4% vs. Q2-25 (proforma, excluding Multifonds).

Reported IFRS EBIT was USD 90.6m for the quarter, an increase of 16% vs. Q2-25.

Earnings per share (EPS)

Non-IFRS EPS was USD 1.31 for the quarter, an increase of 7% vs. Q2-25 (proforma, excluding Multifonds).

Reported IFRS EPS was USD 1.00 for the quarter, a decrease of 57% vs. Q2-25.

Cash flow

USD 74.2m of free cash flow was generated in the quarter, an increase of 14% vs. Q2-25 (proforma, excluding Multifonds).

Q3-26 guidance

Temenos has given the following guidance for Q3-26:

• Subscription and SaaS growth of at least 30% c.c.

FY-26 non-IFRS guidance

Temenos reconfirms its FY-26 guidance. The guidance for FY-26 is organic, non-IFRS and in constant currencies, except for EPS and FCF which are reported. The acquisition of additiv is expected to be marginally accretive to Temenos’ FY-26 ARR and non-IFRS subscription and SaaS guidance, and is expected to be neutral for Temenos’ FY-26 EBIT, EPS and FCF guidance.  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 1.15;
• GBP to USD exchange rate of 1.33; and
• USD to CHF exchange rate of 0.80

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

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

FY-28 targets

Temenos reconfirms its FY-28 targets. These targets are organic and non-IFRS and do not include any contribution from additiv.

• ARR of at least USD 1.23bn
• EBIT of c.USD 480m
• FCF of c.USD 410m

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 July 22^nd,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 BST / 12.30 EST today, July 22^nd, 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:

Q2 2026 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) 203 059 58 63

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, or cost related mainly to advisory fees, integration, separation, carve-out costs, earn-out credits or charges and regulatory changes requiring retrospective application which may result in one-off impact to the Income Statement and adjustments made to reflect the associated tax charge relating to the above items.

Regulatory driven changes qualify only where:

• The change is externally imposed (law or regulation)
• Requires retrospective application, and
• Results in a non-recurring adjustment

Below are the accounting elements not included in the FY-26 non-IFRS guidance, which remain unchanged

• 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 14-15m

Investor and media contacts

Investors	International media	Swiss media
Adam Snyder Director of Corporate Affairs, Temenos Email: [email protected] Tel: +44 207 423 3945	Conor McClafferty FGS Global on behalf of Temenos Email: [email protected] Tel: +44 7920 087 914	Martin Meier-Pfister IRF on behalf of Temenos Email: [email protected] Tel: +41 43 244 81 40