A year of momentum and strategic milestones.

Verisure’s purpose is simple: to protect what matters most to the families and small businesses we serve. Everything we do, from how we grow and invest to how we innovate, flows from that mission. 2025 was a year in which we demonstrated once again that this purpose, and the business model built around it, continues to deliver for the customers and communities we serve.

2025 was a record year operationally. Verisure ended the year protecting ~6.2 million customers and holds the leadership position globally and in 14 of its 18 markets by customers served. Record installations, continued revenue and profit growth, and stable unit economics extended a track record that now spans 37 consecutive years. These results reflect a consistent strategy, disciplined execution, and a team that understands both the opportunity and the responsibility in front of it.

Our strategy and financial plan are unchanged: to deliver balanced and quality long-term growth. This means consistent expansion of Annualised Recurring Revenue (ARR) at attractive unit economics, strong operating leverage, and increasing cash conversion. This is delivered within a business model that is naturally resilient across economic cycles. We do not chase growth at the expense of quality, nor do we sacrifice the long term for the short term. That discipline has been a constant throughout our history, and it remains so.

2025 brought two significant milestones. In October, Verisure listed on Nasdaq Stockholm after more than 17 years as a private company. This is the beginning of what the Board intends to be a long and successful future as a public company. The listing broadens our ownership, deepens our accountability, and commits us to delivering what we have always believed: that this business, run with discipline and transparency over the long term, will create significant and lasting value for the shareholders who have joined us on that journey.

In the same month, we completed the acquisition of the market leader in Mexico, our 18th country. Mexico had already been identified as an attractive market for organic entry. The acquisition accelerated that entry. It was also our first portfolio acquisition since 2017. This reflects how selective we remain on quality. We expect the substantial majority of future portfolio growth to remain organic.

The Board recognises that the share price since listing has not reflected the strength of this operational delivery. That is disappointing for our shareholders and for us. More than ever, the whole Company is focused on flawless field execution and clear external communication, both of which are Board-level priorities for the year ahead.

The opportunity ahead is substantial. Monitored security penetration across our European and Latin American markets remains a fraction of that in the United States. We have taken more than two-thirds of net category growth across our markets over the past five years, and we see no reason why that should change. Technology continues to reinforce our competitive position. In 2025, we accelerated the deployment of WiFi Vision™ and AI-driven capabilities that improve detection accuracy and the customer experience, supported by our vertically integrated technology organisation.

Our commitment to operating responsibly is equally longstanding. In February 2026, Verisure was recognised as a Morningstar Sustainalytics¹ ESG Leader² for the third consecutive year across global, regional and industry categories. This recognition reflects genuine progress on the issues that matter: the safety and engagement of our 30,000+ colleagues, the trust of the communities we serve and the governance standards we hold ourselves to as a newly public company.

As a company incorporated in the United Kingdom and listed on Nasdaq Stockholm, Verisure is subject to both UK legislation applicable to UK companies and Swedish legislation applicable to companies listed in Sweden. Additionally, Verisure has elected to comply with the Swedish Corporate Governance Code to align with the corporate governance standards generally observed on Nasdaq Stockholm.

On governance, 2025 also saw a meaningful evolution in the composition of our Board. We welcomed Sara Öhrvall and Graeme Pitkethly during the year, bringing deep expertise in technology and digital transformation, and financial leadership respectively. These appointments reflect our commitment to building a Board that is genuinely independent, diverse in perspective, and well-equipped to support Verisure through its next phase as a public company.

We will continue to strengthen Board independence in the near term with the further appointment of a strong, independent Director, which the Nomination Committee will present to shareholders for approval at the AGM in April. If shareholders at the upcoming AGM accept the recommendations of our Nomination Committee, the number of Directors independent of the Company and major shareholders will increase to seven (out of a total of thirteen). Of these, Dominique Reiniche is the Senior Independent Director, and Graeme Pitkethly is the independent Chair of the Audit and Risk Committee.

The Board composition reflects the transition from private to public ownership: a deliberate increase in independence, combined with the continued strong engagement of the Company’s principal shareholders, whose long tenure provides the Board with the benefit of institutional memory.

The Board plans to meet for six board meetings in 2026. The Board will have a separate two-day offsite together with management dedicated to Company strategy. The Board will receive reports from its Remuneration Committee and its Audit and Risk Committee. There are also two committees covering Technology & Innovation and ESG with external advisors alongside Board members, which, although not formal Board Committees, will also provide important advice to the Company.

The Board enters this next chapter with conviction in the fundamentals of the business, and remains firmly focused on what has always driven this Company: serving more customers, in more markets, with the quality and consistency that define the Verisure model.

I want to thank Austin Lally and his management team, as well as the more than 30,000 Verisure colleagues for an outstanding operational year. Their daily work protecting families and business across 18 countries is the foundation on which everything else is built. Thank you, too, to our shareholders for your continued support.

STEFAN GOETZ

Chair of the Board

London, March 2026

Back to overview Back to overview