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October 13, 2025

Gloster's open order book up 32%

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Gloster Digital Group Nyrt. closed the third quarter of 2025 with an order backlog of 2,563 million forints, representing a 32% increase compared to the same period of the previous year, noting that the 2024 figure no longer includes the sold systems integration business unit[1] . Over the past two years, the order backlog has grown by an average of more than 50% annually (CAGR).

Gloster's quarterly open order backlog was as follows:

Quarter Fiscal Year Open Order Backlog Percentage change compared to the same period of the previous year Open Order Backlog Excluding the System Integration Division* Percentage change compared to the same period of the previous year, excluding the System Integration business unit*
Q1 2023 1320 827
2024 3470 +163% 2948 +257%
2025 3939 +13% 3939 +34%
Q2 2023 1410 1211
2024 3369 +139% 2711 +124%
2025 3494 +4% 3494 +29%
Q3 2023 1519 1117
2024 2584 +70% 1948 +74%
2025 2563 -1% 2563 +32%
Q4 2023 4134 2960
2024 4739 +15% 4703 +59%
2025

All figures are in millions of forints; these are unaudited, non-consolidated figures

Source: Gloster Finance Department

The open order backlog includes all products and services for which all subsidiaries of the Gloster Group have valid orders but which have not yet been invoiced to customers. This includes outstanding orders to be fulfilled by the end of 2025.

The Company’s order backlog increased by 32%, rising from 1,948 million forints in Q3 2024 to 2,563 million forints in Q3 2025.

All figures are in millions of forints; these are unaudited, non-consolidated figures

Source: Gloster Finance Department

Cloud Solutions

The merger process, which began in 2024, is proceeding according to schedule. During the integration, we have devoted significant resources to optimizing processes, which will result in synergies and cost efficiencies in the medium term.

Two key industry trends are driving growth in this business segment:

  • NIS2 projects, where clients are moving into the implementation phase, are generating strong demand for our security infrastructure solutions,
  • AI transformation projects that evolve from previous consultations into concrete developments, building on our Copilot and Azure AI expertise.


Through our new partnership with Cloudflare, we hope to participate in enterprise-level, high-volume projects—our first joint projects are already underway, with positive customer feedback.

Digital Solutions Division

Our open order backlog from the German market remains stable following the third quarter.

Compared to the same period last year, some of our smaller projects have come to an end; however, in the third quarter of 2025, we began working with new clients—albeit with smaller-volume orders for now—which lays a promising foundation for future growth. We are optimistic about the upcoming negotiations regarding orders for next year.

Business development continued in both the United Kingdom and the United States: in addition to expanding our business with existing clients, we established new, strategic-level partnerships that could have a significant impact on revenue by 2026.

Upcoming releases

Q4 2025 Open Order Backlog Report - Second week of January 2026

This prospectus was prepared by Gloster Digital Group Nyrt. (headquarters: 1038 Budapest, Fürdő u. 2.). This prospectus contains only factual information and conclusions based on reasonable calculations, which have been disclosed by the authorized parties in accordance with applicable legal obligations. This prospectus does not constitute an “investment recommendation” within the meaning of Section 5(1)(9) of the Tpt. (Act CXX of 2001 on the Capital Market) and, pursuant to the Bszt. (Act CXXXVIII of 2007 on Investment Firms and Commodity Exchange Service Providers and the Rules Governing Their Activities), does not contain any analysis, recommendation, or other information regarding investment analysis, financial instruments, exchange-traded products, or their issuers, the disclosure of which, in and of itself or in any other way, could influence an investor to make their own or another’s money or other assets, in whole or in part, dependent on the effects of the capital market. Gloster Digital Group Nyrt. and its representatives assume no liability for investment decisions based on conclusions drawn from the information in this prospectus, nor for any adverse legal consequences or financial losses resulting therefrom.

Budapest, October 13, 2025.

For more information:

Dr. Adrienn Karlovich-Szabó

investor relations officer

karlovich.szabo.adrienn@gloster.hu

[1] The system integration business unit was sold at the end of 2024.

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Gloster's open order book up 32%
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