Truecaller AB Teleconference Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Predrag Savinovic - DNB Carnegie Investment Bank AB - Analyst : I think first, let's just start with the LTIP. On what grounds has there been a revaluation here in the this LTIP program?

Question: Predrag Savinovic - DNB Carnegie Investment Bank AB - Analyst : Okay. Okay. And then if the ads impact is dealt with for the most extent, like you said in the introduction, the organic growth in the next few quarters, Q1, Q2, Q3 and so forth in ads should be better than minus 30% on a constant currency basis, correct, are you suggesting? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 15, 2025 / 12:00PM, TRUEb.ST - Truecaller AB Teleconference Call

Question: Predrag Savinovic - DNB Carnegie Investment Bank AB - Analyst : Sure. I think that makes sense. But I believe in the intro, you said that you have made certain shifts where the impact now is substantially lower than it was at the peak. I'm thinking in terms of all else equal, now considering you've preannounced the Q4 numbers and heading into the next quarter, are you seeing an unchanged growth trend? Or should it have improved based on the work that you've done, not jump back to the level you had pre the change, but at least improve from minus 30% growth? Is that your assessment?

Question: Predrag Savinovic - DNB Carnegie Investment Bank AB - Analyst : Okay. And finally, what does robust growth mean in terms of Premium and Business?

Question: John Karidis - Deutsche Bank - Analyst : Can I ask regarding the algo issue? So this happened in the middle of August. If you adjust for the fact that it happened in the middle of August, was September worse than August in terms of the effect of this and was October worse than September?

Question: John Karidis - Deutsche Bank - Analyst : Okay. That's useful. And then excuse me, in my brain, I try I'm sort of having difficulty reconciling the fact that you're still flagged which I think is a sort of binary thing, either you are or you're not. And then the fact that you said that you've substantially improved the situation. So if you're still flagged, how can you say that you've substantially improved the situation?

Question: John Karidis - Deutsche Bank - Analyst : Okay. And I will try and ask you, even though you haven't disclosed it. So if 100% of your inventory was affected on the 13th of August, what's the percentage today, please? Is it 10% or 30% or roughly what is it? I'm trying to understand what substantially means.

Question: John Karidis - Deutsche Bank - Analyst : Okay. I'm sorry, so the implication is that sometimes it goes down, but sometimes it goes up again. It must be driving you crazy, not sort of knowing what the sort of the rules of the game are. I mean how can your partners stay there with a sort of straight face and not help? I mean, what's the story behind this? It just feels completely irrational.