Investor relations

For the past thirty years, Infomaniak has sought to balance the resources required to achieve its ambitions with its independence. This step was the answer.Everything Infomaniak has built since 1994 has been made possible by its customers: each subscription has funded the servers, products, and jobs that followed, without ever needing to turn to an outside investor.Other approaches have been triedThe founder's intention was for the company to belong to the people who build it. So every year, he transferred a portion of his shares to employees: as a result, about thirty of them became shareholders.This model had a limitation. It did not protect the company from the uncertainties of succession or a takeover bid. In May 2026, the founder and the shareholders unanimously agreed to reduce their own voting rights in favour of a public-benefit foundation. The company’s independence was no longer dependent on any single individual.That left the question of resources.Why now?Demand for sovereign solutions is accelerating, and artificial intelligence is driving a surge in computing needs. Our data centers and teams must grow at the same pace – and it’s not just about adding servers; it’s about taking our solutions to the next level.The prospectus explains this phase in detail: more than twenty products over the period 2026–2030 and a 2.5 MW fifth-generation data center expected in 2028, the largest infrastructure project ever undertaken by the group.The listing does not involve raising funds. It provides access to capital markets, which broadens the company's financing options. The structure itself is designed for the very long term.For our employeesThe public listing provides the securities held by employee shareholders with a publicly recognised reference value: the share price. Over time, it also makes it easier to give more employees a stake in the company’s capital and earnings.For our customersNothing is changing in terms of our services, our contracts or our pricing policy. What is changing is that the value of what we’re building together is becoming visible, according to rules that everyone understands: what investors see, our customers see as well.For investorsThe listing opens up access to a company that has been off-limits until now in a market where European offerings remain in the minority. Infomaniak designs and operates its own data centers and develops its software in-house, with teams based entirely in Switzerland. Investors can benefit from the company’s value, with the certainty of a long-term strategy supported by a stable majority shareholder.Rather than opening up its capital to a single investor, Infomaniak opted for a Swiss stock market listing. A public organisation that entrusts us with its data wants to know who will control its provider ten years from now. Our structure provides a structural – rather than merely contractual – answer to this question.

Through the acquisition of an already publicly traded company: Perrot Duval Holding SA, which had been listed on the Swiss Stock Exchange since 1905, acquired Infomaniak Group SA through a reverse merger and was renamed Infomaniak SA. Its shareholders approved the transaction at the annual general meeting on 24 September 2026. In reality, Infomaniak took the reins and became the parent company.

Because this approach is simpler and less expensive than an IPO, while still providing direct access to the main market of the SIX Swiss Exchange. The result is the same: the same prospectus and transparency requirements as after an IPO.

Infomaniak has grown since 1994 without external capital. The listing provides access to capital markets, if necessary, for the next stage of development. The prospectus provides for conditional capital and a capital fluctuation range, but no decision to tap the market has been made at this stage.

On 24 September 2026, the annual general meeting of Perrot Duval Holding SA approved the acquisition of Infomaniak Group SA, the change of name to Infomaniak SA, the transfer of the registered office to Geneva and the election of the new Board of Directors. On 25 September 2026, the Board of Directors confirmed the completion of the transaction, and new shares were issued in exchange for the shares of Infomaniak Group SA.

The exchange ratio for the transaction – 19.4 Perrot Duval shares for 1 Infomaniak Group share – was confirmed as fair by a fairness opinion issued by an independent audit firm, which determined a range of 1: 19.8 to 1:26.4. The lower end of the range was chosen: the valuations included in the prospectus are CHF 200 million for Infomaniak Group SA and CHF 10.3 million for Perrot Duval Holding SA. Otherwise, the market determines the company’s value each trading day.

Your shares have been converted into Infomaniak SA shares in the same securities account. The technical details are described in the prospectus. Historical documents for Perrot Duval Holding SA remain available on our website.

Each Perrot Duval share has been divided into two: the number of shares held has doubled, and the reference price has been adjusted accordingly. The terms and conditions are set forth in the prospectus. Infomaniak makes no predictions regarding the share price.

Three distinct levels.Senior management oversees the daily running of the company. The operation does not change its composition.The Board of Directors approves the strategy and budget, exercises overall oversight and appoints the senior management team. It is composed of administrators with expertise in finance and compliance, cybersecurity, corporate governance and infrastructure.The Infomaniak Foundation is the majority shareholder: a Swiss foundation recognised as a public-benefit organisation and subject to the oversight of the Geneva cantonal authorities, it holds the majority of voting rights. This governance stability ensures the company’s long-term strategic direction. The Foundation exercises its role at the annual general meeting, where it elects the Board of Directors. It does not intervene in operational decisions.

Our governance

Publicly traded shares (Class B shares) represent a minority of the voting rights. The majority is held by the Infomaniak Foundation through Class A shares, which are unlisted shares with preferential voting rights that are not freely transferable. The Foundation’s articles of association require that any transfer of Class A shares – even a partial one – be approved unanimously by its Board.

A Swiss public-benefit foundation under the supervision of the Geneva cantonal authorities. Its primary mission is to serve the public interest: it supports projects relating to digital sovereignty, the environment and energy transition. It is also the company’s majority shareholder, holding the majority of voting rights, but does not manage the company.

Through a mechanism that is deliberately capped. Originally established and endowed by the founder, the Foundation may, when the financial situation allows, receive a capped portion of Infomaniak’s profits in order to fund its projects: the Board of Directors proposes the amount and the annual general meeting decides.Everything else follows the company’s normal course of business: reinvestment in its growth and, where applicable, dividends paid to all shareholders in accordance with the dividend policy described in the prospectus.This cap links the Foundation’s resources to the company’s performance: it can only fund its mission if Infomaniak remains profitable over the long term. It does not manage the company, and a public impact report is issued annually to document compliance with its nine principles.

No: the structure exists precisely to ensure a long-term perspective. Principle I of the Participation Charter supports the project’s sustainability. The priorities are set forth in writing, signed before a notary, and the Foundation holds the majority of voting rights to ensure they are upheld.

He has signed a lock-up agreement for twelve months from the date of listing: 80% of his shares are locked up during this period. The prospectus describes the exceptions, including the possibility of transferring up to 20% of his stock, depending on market conditions and favourable price movements, in order to contribute to the floating share price and liquidity of the stock. These transfers do not affect control: the Foundation retains the majority of voting rights.

Yes. The shares are traded on the SIX Swiss Exchange under the ticker symbol INFO, through your bank or trading app. Infomaniak does not sell shares directly, does not provide investment advice and does not make any recommendations regarding this security. Any investment decision should be based solely on the prospectus.

Under the ticker symbol INFO, ISIN CH1609605055, security number 160960505. The first trading day for the new shares was 1 October 2026.

Infomaniak shares are traded on the SIX Swiss Exchange under the ticker symbol INFO. You can buy them through your bank or your usual trading app, just like any other Swiss stock. Infomaniak does not sell shares directly and does not provide investment advice.

There is no minimum: a single share is enough. Add your bank's brokerage fees, which vary from one institution to another.

The price is continuously determined by the market during trading hours. We do not publish price targets or forecasts.

On the SIX Swiss Exchange website, on the usual financial platforms and in your banking app.

All investments involve risks, including the loss of the capital invested. The risks specific to Infomaniak and this operation are described in the prospectus, under “Risk Factors.” Please read this section before investing. Infomaniak does not provide investment advice: please consult your bank’s adviser.

The prospectus devotes an entire section to risk factors, and it is the only source to consult on this subject: we do not publish a summary of it, as such a summary would, by its very nature, be incomplete. Any investment decision should be made only after reading this section.

The prospectus describes the dividend policy. Infomaniak SA’s fiscal year corresponds to the calendar year. Listed shares entitle the holder to a dividend, where applicable, for the first time for the fiscal year ending 31 December 2026. The prospectus states that, for the foreseeable future, the company intends to prioritise reinvesting its profits in its development. We provide no further guidance beyond this document.

Class B shares are the shares available on the market – that is, those which are publicly traded. They entitle the holder to dividends, where applicable, and carry one vote each. Class A shares are shares with preferential voting rights; they are unlisted and non-transferable and are held in their entirety by the Infomaniak Foundation. Their par value, which is one-tenth that of Class B shares, confers this preferential voting right. The breakdown of the capital and voting rights is set forth in the prospectus and in the The Share section.

As a registered shareholder, you will receive notice of the meeting and may attend, vote or grant a proxy. Infomaniak SA’s first annual general meeting will take place in 2027. Registration procedures will be included in the notice of the meeting.

Twice a year: half-yearly and annual results, accompanied by a report. All information that could influence the share price is published in an official press release, which is available to everyone at the same time. The financial calendar is kept up to date on our website.

All key figures are now included in the prospectus: audited financial statements for the last three fiscal years, interim financial statements as of 30 June 2026, risk factors, and corporate governance. In addition to this document, SIX Swiss Exchange rules require equal treatment: any new information that could influence the share price must be disclosed by the issuer in accordance with an official procedure, making it available to everyone at the same time. We therefore do not disclose anything that is not already included in the prospectus.The next financial report is scheduled for December 10, 2026: the report concerning the first-half of 2026, the figures for which are already included in the prospectus, accompanied by a press release and a meeting with analysts and investors.

The figures confirmed in the prospectus: revenue growth of 15 to 20 percent compared to 2025 and an EBITDA margin of approximately 38 to 40 percent of revenue, excluding costs related to the public offering. We are not disclosing any other targets.

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Nothing. Same services, same contracts, same teams, same pricing policy, same data location.Since May 2026, the Infomaniak Foundation has been the company’s controlling shareholder: it holds the majority of voting rights through unlisted and non-transferable shares. No takeover is possible without its consent, regardless of changes in the company’s public shareholding structure.Its commitments are set forth in the Investment Charter, signed before a notary, which outlines nine principles: independence, digital sovereignty, privacy, environmental responsibility, accessible innovation, transparency, local roots, workplace well-being, and sustainable prosperity. The board of trustees may amend these principles only in a manner consistent with their spirit. Each year, a public impact report details compliance with these principles.The listing imposes additional transparency requirements. It does not change the way we work.

Yes, and here’s why. First, the process takes place at the level of the listed entity: the company that hosts and operates your data remains exactly the same – with the same teams, the same data centers in Switzerland, the same contracts and the same applicable law. No data is transferred to anyone as part of this operation.Furthermore, this protection is not a marketing promise; it is a structural rule: respect for privacy and the non-monetisation of data are among the nine principles of the Foundation’s Shareholding Charter, which was signed before a notary. The Foundation, which holds the majority of voting rights, can strengthen these principles but never weaken them: regardless of how the shareholding structure evolves on the stock market, this rule would remain in place.Finally, this privacy model is the foundation of our customers’ trust: it’s what they’re looking for, and it drives the growth of the company’s value.

Yes: about 30 employees hold shares, some of whom have held them for more than 15 years. The prospectus describes a 2026 stock option plan for key employees, which was approved by the annual general meeting on 24 September 2026.

Being a shareholder grants shareholder rights: receiving dividends if they are distributed, voting at the annual general meeting and being kept informed. The terms and conditions for Infomaniak products are the same for all customers, whether they are shareholders or not.

The prospectus was published on September 2, 2026, by Perrot Duval Holding SA, now Infomaniak SA. It is available in English, French, and German and can be downloaded from the “Stock” section. Our press release dated September 2 provides a summary of the prospectus.

Write to us at ir@infomaniak.com. We will respond based on information that has already been made public: our commitment to treating all investors equally prevents us from disclosing information that is not yet public to any individual. We do not provide investment advice or make any predictions about future price movements.