KORE Group Holdings Inc (KORE) News & EventsKORENews & EventsKORE Group Holdings Inc

KORE Adjusted EBITDA Increases to $15.4M

Adjusted EBITDA increased to $15.4M, up $1M or 7% from the same period last year. "The first quarter of 2026 demonstrates the momentum in our core IoT Connectivity business, which continues to be the engine of our growth. Adding over two million connections year-over-year while increasing our IoT Connectivity revenue is a testament to the essential role we play for our customers," said Ron Totton, KORE's President & CEO. "This focus on our core services allowed us to once again deliver positive free cash flow for our stockholders," added Totton.

Kore Group Partners with Kigen to Launch SGP.32 Connectivity Solutions

Kore Group announced a new portfolio of SGP.32-compliant connectivity solutions in partnership with Kigen, a global provider of eSIM and remote SIM provisioning - with commercial availability planned for later in 2026. Purpose-built for IoT and based on the GSMA's next-generation eSIM standard, Kore's SGP.32 solutions support a range of devices, from high-power gateways to battery-powered sensors, and include a range of connectivity profiles tailored to different operational needs. Kore's SGP.32 solutions give customers the ability to remotely provision, switch and optimize connectivity.

Kore Adjusted EBITDA Increases to $17.7M

Adjusted EBITDA increased to $17.7M, up $3.7M or 26% from the same period last year. Total Connections increased to 20.9M, up 6% from 19.7M from the same period last year. "Our fourth-quarter performance showcased disciplined execution, and our full-year results reflected meaningful expansion in profitability and Free Cash Flow," said Ron Totton, Kore's President & CEO. "We also advanced our growth engine with continued expansion in Total Connections, underscoring durable demand for our IoT platform," added Totton.