Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

Northern Data Group Updates 2025 Guidance and Provides New Guidance Framework

Frankfurt am Main – 30 April 2025 – Northern Data AG (ETR: NB2, together with its subsidiaries, the “Group”) today introduces an update to its 2025 guidance and provides a new guidance framework. The new guidance reflects three key changes: an enhanced methodology for setting guidance, technology upgrades impacting GPU availability (which began in late Q1 and continue through Q2), and updated commercial terms reflecting current market conditions.

The new guidance results in an anticipated FY 2025 revenue range of EUR 240 million – EUR 320 million and Adjusted EBITDA of EUR 80 million – EUR 130 million. Taiga Cloud’s revenue guidance for 2025 is expected to account for approximately EUR 150 million – EUR 210 million. It is reflected in these numbers, and in line with improving utilization rates of the GPU estate, that Taiga Cloud’s revenue is expected to improve throughout 2025. This would result in an annualized run rate revenue range¹ (ARR) of between EUR 300 million – EUR 350 million by year end.

The new guidance framework allows the Group to more accurately communicate with the investor community. This framework is based on a bottom-up model that includes the anticipated conversion into revenue of customers currently being onboarded, in proof-of-concept stage and in the pipeline on the Group’s existing GPU infrastructure. The new guidance framework excludes the potential for additional revenue pursuant to anticipated future growth-oriented capital expenditures.

¹ ARR is defined as annualized run rate revenue by the end of the period, revenue for the last month of the period multiplied by twelve.

Investor Relations:

Jose Cano 
Vice President, Investor Relations
E-Mail: ir@northerndata.de

Disclaimer:

This IR release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialization of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.