MNDO

* MIND Receives Nasdaq Notifications YOQNEAM, Israel, Aug. 06, 2026 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD. (NasdaqGM: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers, unified communications (UC) analytics for enterprises as well as enterprise messaging solutions, today announced results for its second quarter ended June 30, 2026. The following will summarize our major developments in the second quarter of 2026 as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Financial Highlights Revenues were $4.6 million, compared with $4.8 million in the second quarter of 2025, with the decrease mainly attributed to the messaging segment. Operating income was $0.7 million, or 15% of total revenues, compared with $0.3 million, or 6% of total revenues in the second quarter of 2025, with the increase mainly attributed to a different revenue mix with improved margins. Net income was $0.8 million, or $0.04 per share, compared with $0.5 million, or $0.02 per share in the second quarter of 2025. Cash flow from operating activities was $0.1 million, compared with $0.9 million in the second quarter of 2025. Six Months Financial Highlights Revenues were $9.7 million, same as in the first six months of 2025. Operating income of $1.6 million, or 17% of total revenues, compared with $0.6 million or 7% of total revenues in the first six months of 2025 (that included an allowance for credit loss of a specific customer, as well as acquisition related costs) Net income of $1.6 million, or $0.08 per share, compared with $1.0 million, or $0.05 per share in the first six months of 2025. Cash flow from operating activities in the first six months of 2026 was $0.7 million, compared with $1.6 million in the first six months of 2025. Monica Iancu, MIND CTI’s interim CEO, commented: “As I step back into the leadership role at MIND, my primary focus is to reinforce our foundational customer relationships and maximize the value of our technology roadmap. Alongside our newly appointed Chief Business Officer, Orly Sorokin, we are implementing proactive measures to pursue new opportunities, strengthen the Company’s long-term stability, and create sustainable value for our shareholders. The telecommunications and enterprise messaging spaces remain highly competitive, placing ongoing price pressures on our core segments. Our strong cash position and ongoing long-term profitability give us the flexibility to navigate these market challenges. We will continue to optimize our organizational structure while maintaining the high-quality support and execution that our global customers expect from MIND. Our immediate priority is to offset the anticipated mid-term revenue decline by accelerating commercial efforts." Cash Position and Buyback UpdateOur cash position, including short-term deposits and marketable securities, was $13.5 million as of June 30, 2026, compared with $11.4 million as of June 30, 2025. The increase in the cash position, resulting from ongoing positive cash flow, was partially offset by three events. As previously announced, we completed the acquisition of Aurenz in the first quarter of 2025. An initial cash payment of $1.7 million was made in the first quarter of 2025 and the remaining amount of approximately $261 thousand, was paid in the second quarter of 2026, completing the acquisition related payments. In addition, the cash position was also impacted by a withholding tax of approximately $288K related to a dividend distributed between subsidiaries within the MIND group that is expected to be recovered in future years. As previously announced, MIND’s Board of Directors authorized a new share repurchase plan on November 12, 2025, allowing the Company to repurchase ordinary shares in the open market for up to $2.4 million in cash. As of June 30, 2026, MIND had repurchased a total of 617 thousand shares for total consideration of approximately $674 thousand, out of which $350 thousand during the second quarter of 2026. Under the repurchase program, share purchases may be made from time to time, depending on market conditions, share price, trading volume, and other factors. The repurchase program may be suspended from time to time or discontinued. Revenue Distribution for Q2 2026Revenues in Europe represented 60% (including the messaging segment revenues in Germany, which represented 32%), the Americas represented 30%, and the rest of the world represented 10% of total revenues. Revenues from our customer care and billing software were $2.4 million, or 52% of total revenues, enterprise messaging and payment solutions were $1.5 million, or 32% of total revenues and enterprise UC analytics software were $0.7 million or 16% of total revenues. Revenues from maintenance and additional services were $4.3 million, or 94% of total revenues, while licenses were $0.3 million, or 6% of total revenues. Revenue Distribution for the First Six Months of 2026Revenues in Europe represented 62% (including the messaging segment revenues in Germany, which represented 33%), the Americas represented 31%, and the rest of the world represented 7% of total revenues. Revenues from our customer care and billing software were $4.6 million, or 48% of total revenues, enterprise messaging and payment solutions were $3.2 million, or 33% of total revenues and enterprise UC analytics software were $1.9 million, or 19% of total revenues. Revenues from maintenance and additional services were $9.1 million, or 94% of total revenues, while licenses were $0.6 million, or 6% of total revenues. Nasdaq LettersOn June 23, 2026, we received a letter from Nasdaq indicating that the Company is no longer in compliance with the minimum bid price requirement for continued listing. We were provided a compliance period of 180 calendar days, or until December 21, 2026, to regain compliance with the minimum bid price requirement. In the event the Company does not regain compliance by the end of the compliance period, the Company may then be eligible for an additional period to regain compliance. If it appears to Nasdaq’s staff that the Company will not be able to cure the deficiency by the end of the compliance period, or if the Company is otherwise not eligible for an additional compliance period, Nasdaq’s staff will notify the Company that its ordinary shares will be subject to delisting. The Company intends to actively monitor the closing bid price of its ordinary shares and will consider available options to resolve the deficiency and regain compliance with the minimum bid price rule. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price rule. On August 3, 2026, we received a letter from Nasdaq indicating that, due to the resignation of Ms. Orly Sorokin from the Company’s Board of Directors and Audit Committee, the Company no longer complies with Nasdaq’s audit committee requirement as set forth in Listing Rule 5605(c)(2). However, consistent with Listing Rule 5605(c)(4), Nasdaq will provide the Company with a cure period to regain compliance until the earlier of the Company’s next annual shareholders’ meeting or August 1, 2027. The Company must submit documentation to Nasdaq, including biographies of any new directors, evidencing compliance with the rules no later than this date. In the event the Company does not regain compliance by this date, Nasdaq rules require Nasdaq staff to provide written notification to the Company that its securities will be delisted. At that time, the Company may appeal the delisting determination to a Hearings Panel. The Company intends to correct this deficiency and regain compliance at the annual general meeting to be held in May 2027. These letters have no immediate effect on the listing of the Company’s ordinary shares. During the applicable compliance periods, as may be extended, the Company’s ordinary shares will continue to trade on Nasdaq under the symbol “MNDO.” About MINDMIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States. Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements", including estimations relating to the impact of the political situation in Ukraine, expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information. For more information please contact:Janice KayeMIND C.T.I. Ltd.Tel: [email protected]

YOQNEAM, Israel, May 11, 2026 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD. – (NasdaqGM: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers, unified communications (UC) analytics for enterprises as well as enterprise messaging solutions, today announced results for its first quarter ended March 31, 2026. The following will summarize our major achievements in the first quarter of 2026, as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Financial Highlights Revenues were $5.1 million, compared with $5.0 million in the first quarter of 2025. Operating income was $0.9 million, or 18% of total revenues, compared with $0.4 million, or 7% of total revenues in the first quarter of 2025. Net income was $0.9 million, or $0.04 per share, compared with $0.5 million, or $0.02 per share in the first quarter of 2025. Cash flow from operating activities was $0.6 million, compared with $0.7 million in the first quarter of 2025. Cash position was $13.8 million as of March 31, 2026 Ariel Glassner, MIND CTI’s Chief Executive Officer, commented: “In the first quarter of 2026, our revenues remained at a similar level compared to the first quarter of last year. The higher net income is attributed to an allowance to credit loss that was recorded in the first quarter of 2025. The market environment remains challenging, with increased ongoing price pressures. One of our major customers notified us regarding non-renewal effective March 2027, which is expected to negatively impact our revenues and income. At the same time, we continue to evaluate new opportunities and enhance our offering, including cloud, 5G, and AI capabilities, while maintaining a strong engineering foundation to support our customers.” Revenue Distribution Revenues in Europe represented 63% (including the messaging segment revenues in Germany, which represented 34%), the Americas represented 32%, and the rest of the world represented 5% of total revenues. Revenues from our customer care and billing software were $2.2 million, or 44% of total revenues, enterprise messaging were $1.7 million, or 34%, and enterprise UC analytics software were $1.1 million, or 22% of total revenues. The increase was mainly attributed to significant upgrades with two UC analytics customers. Revenues from maintenance and additional services were $4.7 million, or 93% of total revenues, while licenses were $0.3 million, or 7% of total revenues. Buyback Update As previously announced, MIND’s Board of Directors authorized a new share repurchase plan on November 12, 2025, allowing the Company to repurchase ordinary shares in the open market for up to $2.4 million in cash. As of March 31, 2026, MIND had purchased a total of 278 thousand shares for total consideration of approximately $331 thousand. Under the repurchase program, share purchases may be made from time to time, depending on market conditions, share price, trading volume, and other factors. The repurchase program may be suspended from time to time or discontinued. AGM and Board of Directors Update The company held its Annual General Meeting of Shareholders on May 6, 2026. The following proposed resolutions were approved: to re-appoint Fahn Kanne & Co. Grant Thornton Israel as the Company’s independent auditor until the close of the following Annual General Meeting and to authorize the Board of Directors of the Company to determine its remuneration or to delegate the Audit Committee thereof to do so; to re-elect Mr. Itay Barzilay as a Class II director of the Company until the close of 2029 Annual General Meeting of Shareholders of the Company; and to elect Mr. Asher Mechlovich as a Class II director of the Company until the close of 2029 Annual General Meeting of Shareholders of the Company. About MIND MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over thirty years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States. Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements," expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information. For more information please contact: Janice Kaye MIND C.T.I. Ltd. Tel: +972-4-993-6666 [email protected]

* MIND CTI to Host Annual Meeting of Shareholders YOQNEAM, Israel, March 10, 2026 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD. – (NasdaqGM: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product-based solutions for service providers, unified communications (UC) analytics and call accounting solutions for enterprises as well as enterprise messaging solutions, today announced results for its fourth quarter of 2025 and its full year ended December 31, 2025. The following will summarize our business in the fourth quarter of 2025 and provide a more detailed review of the financial results for the quarter and for the full year. Full financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Financial Highlights of Q4 2025 Revenues of $4.9 million, compared with $5.2 million in the fourth quarter of 2024. Operating income of $0.8 million, or 17% of total revenue, compared with $1.3 million, or 25% of revenue in the fourth quarter of 2024. Net income of $1.0 million, or $0.05 per share, compared with $1.2 million, or $0.06 per share in the fourth quarter of 2024. Cash flow from operating activities of $1.2 million, compared with $0.3 million in the fourth quarter of 2024. Financial Highlights of Full Year 2025 Revenues of $19.4 million, compared with $21.4 million in 2024. Operating income of $2.1 million, or 11% of total revenue, compared with $4.4 million, or 20% of total revenue in 2024. Net income of $2.6 million, or $0.13 per share, compared with $4.6 million, or $0.23 per share in 2024. Cash flow from operating activities of $4.0 million, compared with $4.1 million in 2024. Cash position of approximately $13.6 million as of December 31, 2025. Ariel Glassner, MIND CTI’s Chief Executive Officer, commented: “Market conditions throughout 2025 remained challenging. Industry consolidation continued to reshape our customer base, with a few customers undergoing merger-related changes that impacted operational priorities and spending patterns. At the same time, the rapid emergence of AI-driven solutions is increasing pricing pressure and accelerating customers’ focus on cost reduction and efficiency. As a result of these dynamics, together with continued customer churn and lower spending levels, we experienced an expected decrease in revenues during 2025. Based on our current visibility, we believe these headwinds are likely to continue to weigh on our revenues into 2026. Looking ahead, we remain committed to prioritizing investments in technology transformation and the integration of AI capabilities. In parallel, we are deploying refreshed go-to-market initiatives designed to capture emerging opportunities. While our industry is characterized by long sales cycles, we believe that our renewed efforts, which include improvements in our sales team, will strengthen our execution and will position MIND to pursue new business opportunities.” Revenue Distribution for Q4 2025 Revenues in Europe represented 55%, the Americas represented 39%, and the rest of the world represented 6% of our total revenues. Revenues from our customer care and billing software were $2.6 million, or 54% of our total revenues, enterprise messaging were $1.6 million, or 32% of our total revenues, and enterprise UC analytics were $0.7 million, or 14% of total revenues (including revenues of aurenz). Revenues from maintenance and additional services were $4.8 million, or 98% of our total revenues, while licenses were $0.1 million, or 2% of our total revenues. Revenue Distribution for Full Year 2025 Revenues in Europe represented 59%, the Americas represented 34%, and the rest of the world represented 7% of our total revenues. Revenues from our customer care and billing software were $9.6 million, or 50% of our total revenues, enterprise messaging were $6.9 million, or 35% of our total revenues, and enterprise UC analytics were $2.9 million, or 15% of our total revenues (including revenues of aurenz). Revenues from maintenance and additional services were $18.7 million, or 96% of our total revenues, while licenses were $0.7 million, or 4% of our total revenues. Follow-on Orders in 2025 Throughout 2025, we had multiple follow-on orders. The follow-on orders from long-time existing customers mainly included license upgrades, based on number of subscribers, enhancements of scope with additional functionality, integrations with new network elements, and upgrades to newer versions. Share Buyback As previously announced, the Board of Directors has approved a change to the Company’s capital return policy for the current period, transitioning from its prior annual dividend to a share repurchase program. AGM MIND also announced today that its 2026 Annual General Meeting of Shareholders will be held on May 6, 2026, at 10:00 A.M. (Israel time), at the offices of the Company, 2 HaCarmel Street, Yoqneam 2066724, Israel. Shareholders of record at the close of business on April 1, 2026 are entitled to vote at the Meeting. All shareholders are cordially invited to attend the Meeting in person. Proxy statements and proxy cards for use by shareholders that cannot attend the meeting in person will be sent by mail. The agenda of the Meeting is as follows: Shareholders are entitled to propose an agenda item for the Meeting if they notify the Company within 14 days of this notice, subject to applicable law. About MIND MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over thirty years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States. Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements", expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information. For more information please contact: Janice Kaye MIND C.T.I. Ltd. Tel: +972-4-993-6666 [email protected]

* Board of Directors Approves Buyback Program YOQNEAM, Israel, Nov. 12, 2025 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD (NasdaqGM:MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product-based solutions for service providers, unified communications (UC) analytics and call accounting solutions for enterprises as well as enterprise messaging solutions, today announced results for its third quarter ended September 30, 2025. The following will summarize our major achievements in the third quarter of 2025, as well as our business. Full financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Q3 2025 Financial Highlights Revenues were $4.8 million, compared with $5.2 million in the third quarter of 2024. Operating income was $0.6 million, compared to $0.7 million in the third quarter of 2024. Net income was $0.7 million, or $0.03 per share, compared to $0.9 million, or $0.05 per share in the third quarter of 2024. Cash flow from operating activities was $1.2 million, compared with $1.0 million in the third quarter of 2024. Multiple follow-on orders. Cash position was $12.5 million as of September 30, 2025. Nine Months Financial Highlights Revenues were $14.6 million, compared with $16.2 million in the first nine months of 2024. Operating income was $1.3 million, compared to $3.1 million in the first nine months of 2024. Net income was $1.7 million, or $0.08 per share, compared to $3.4 million, or $0.17 per share in the first nine months of 2024. Cash flow from operating activities in the first nine months of 2025 was $2.8 million, compared to $3.8 million in the first nine months of 2024. Ariel Glassner, MIND CTI’s Chief Executive Officer, commented: “In the third quarter, we successfully delivered a significant extension of our solution to an existing customer, demonstrating our ability to execute on time and within budget. We remain focused on advancing our technology roadmap – including 5G, cloud, AI technologies - and strengthening our operational foundation. While the near-term environment remains challenging, I am confident that our consistent efforts will position MIND for potential growth, once market conditions improve. Our commitment to innovation, operational excellence, and customer trust remains unwavering.” Revenue Distribution for Q3 2025 Revenues in Europe represented 59% (including the messaging segment revenues in Germany that represented 36%), the Americas represented 35%, and the rest of the world represented 6% of total revenues. Revenues from our Customer care and billing software were $2.3 million, or 47% of total revenues, enterprise messaging were $1.7 million, or 36% of total revenues, and enterprise call accounting software were $0.8 million, or 17% of total revenues. Revenues from maintenance and additional services were $4.7 million, or 96% of total revenues, while licenses were $0.1 million, or 4% of total revenues. Revenue Distribution for Nine Months 2025 Revenues in Europe represented 60% (including the messaging segment revenues in Germany that represented 36%), the Americas represented 33%, and the rest of the world represented 7% of total revenues. Revenues from our Customer care and billing software were $7.0 million, or 48% of total revenues, enterprise messaging were $5.3 million, or 36% of total revenues, and enterprise call accounting software were $2.3 million, or 16% of total revenues. Revenues from maintenance and additional services were $14.0 million, or 96% of total revenues, while licenses were $0.6 million, or 4% of total revenues. Follow-on Orders Our customers continue to rely on our solutions and expand their use of our technology. This quarter, we received follow-on orders from existing customers for additional functionality and system enhancements including a major infrastructure upgrade from an existing long-term customer, reflecting their ongoing confidence in our platform. MIND’s Board of Directors Approves Plan to Repurchase Up to $2.4 Million of Outstanding Ordinary Shares MIND today announced that its Board of Directors approved a change to the Company’s capital return policy for the current period, transitioning from its prior annual dividend to a share repurchase program. The Board’s resolution reflects a continued commitment to disciplined capital allocation and shareholder value creation. Given MIND’s cash generation and solid balance sheet, the Board believes that the buyback can be done without sacrificing expansion and growth plans. We believe that at this time, the repurchase of our shares will deliver value to our shareholders and is one of the most appropriate uses of our resources. Under the repurchase program in an amount in cash of up to $2.4 million, share purchases may be made from time to time depending on market conditions, share price, trading volume and other factors. The repurchase may be suspended from time to time or discontinued. About MIND MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States. Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company’s business strategy are "forward-looking statements", including estimations relating to the impact of the political situation in Ukraine, expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company’s annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information. For more information please contact: Janice Kaye MIND C.T.I. Ltd. Tel: +972-4-993-6666 [email protected]

YOQNEAM, Israel, Aug. 11, 2025 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD. – (NasdaqGM:MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product-based solutions for service providers, unified communications (UC) analytics and call accounting solutions for enterprises as well as enterprise messaging solutions, today announced results for its second quarter ended June 30, 2025. The following will summarize our major developments in the second quarter of 2025 as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Financial Highlights Revenues were $4.8 million, compared with $5.3 million in the second quarter of 2024, with the decrease mainly attributed to the billing segment. Operating income was $0.3 million, or 6% of total revenues, compared with $1.1 million, or 20% of total revenues in the second quarter of 2024. Net income was $0.5 million, or $0.02 per share, compared with $1.1 million, or $0.06 per share in the second quarter of 2024. Cash flow from operating activities was $0.9 million, compared with $2.0 million in the second quarter of 2024. Six Months Financial Highlights Revenues were $9.7 million, compared with $11.0 million in the first six months of 2024. Operating income of $0.6 million, or 7% of total revenues, compared with $2.3 million or 21% of total revenues in the first six months of 2024. Net income of $1.0 million, or $0.05 per share, compared with $2.5 million, or $0.12 per share in the first six months of 2024. Cash flow from operating activities in the first six months of 2025 was $1.6 million, compared with $2.9 million in the first six months of 2024. Ariel Glassner, MIND CTI’s CEO, commented: “We continue to be challenged by shrinking relevant markets and strong competition in both our billing and enterprise solutions, as previously announced, and we are experiencing the negative impact on our financial results. We continuously monitor our cost structure, striving for efficiency across the organization. At the same time, we continue to invest in key areas to address market needs and to maintain a strong engineering team to support our customers. We believe that continued focus on execution and adaptability, along with maintaining our growth drivers, positions us well for the future.” Cash Position Our cash position, including short-term deposits and marketable securities, was $11.4 million as of June 30, 2025, compared with $14.6 million as of June 30, 2024. As previously announced, in Q1 2025 we completed the acquisition of Aurenz and $1.7 million was paid in cash to date. As previously announced, the Board declared on March 4, 2025, a cash dividend of $0.22 per share before withholding tax. The dividend sum of approximately $4.5 million was distributed in April 2025. Revenue Distribution for Q2 2025 Revenues in Europe represented 60% (including the messaging segment revenues in Germany, which represented 38%), the Americas represented 30%, and the rest of the world represented 10% of total revenues. Revenues from our customer care and billing software were $2.2 million, or 47% of total revenues, enterprise messaging and payment solutions were $1.8 million, or 38% of total revenues and enterprise call accounting software were $0.7 million (including the full quarter revenues of Aurenz), or 15% of total revenues. Revenues from maintenance and additional services were $4.5 million, or 94% of total revenues, while licenses were $0.3 million, or 6% of total revenues. Revenue Distribution for the First Six Months of 2025 Revenues in Europe represented 61% (including the messaging segment revenues in Germany, which represented 36%), the Americas represented 32%, and the rest of the world represented 7% of total revenues. Revenues from our customer care and billing software were $4.7 million, or 49% of total revenues, enterprise messaging and payment solutions were $3.5 million, or 36% of total revenues and enterprise call accounting software were $1.5 million (including the full first six months revenues of Aurenz), or 15% of total revenues. Revenues from maintenance and additional services were $9.3 million, or 95% of total revenues, while licenses were $0.4 million, or 5% of total revenues. About MIND MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States. Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements", including estimations relating to the impact of the political situation in Ukraine, expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information. For more information please contact: Janice Kaye MIND C.T.I. Ltd. Tel: +972-4-993-6666 [email protected]

YOQNEAM, Israel, May 06, 2025 (GLOBE NEWSWIRE) -- MIND C.T.I. LTD. – (NasdaqGM: MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product based solutions for service providers, unified communications (UC) analytics and call accounting solutions for enterprises as well as enterprise messaging solutions, today announced results for its first quarter ended March 31, 2025. The following will summarize our major achievements in the first quarter of 2025, as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K. Financial Highlights Revenues were $5.0 million, compared with $5.8 million in the first quarter of 2024. Operating income was $0.4 million, or 7% of total revenues, compared with $1.2 million, or 22% of total revenues in the first quarter of 2024. Net income was $0.5 million, or $0.02 per share, compared with $1.3 million, or $0.07 per share in the first quarter of 2024. Cash flow from operating activities was $0.7 million, compared with $0.9 million in the first quarter of 2024. Cash position was $14.9 million as of March 31, 2025 (before the dividend distribution of $4.5 million in April 2025). Ariel Glassner, MIND CTI’s Chief Executive Officer, commented: “The year-over-year revenue decrease was due to our messaging segment, which enjoyed a temporary positive impact of large customer campaigns in Q1 2024, and a decrease in our customer care and billing segment. The decline in operating income is mainly attributed to an allowance for credit loss of a specific customer and to costs related to the Aurenz acquisition, which was completed this quarter. “As previously announced, multiple factors are expected to negatively impact our revenue and income from our customer care and billing software, which we already started to experience in Q1 2025. In addition, we plan to continue to invest in potential growth initiatives, which are not expected to bear fruit this year. Accordingly, we expect a significant negative impact on our 2025 revenues, net income and dividend distribution. “We have a strong cash position and ongoing positive cash flow. We believe that our initiatives are the right steps to take in seeking to preserve our current business and grow in the future.” Revenue Distribution Revenues in Europe represented 61% (including the messaging segment revenues in Germany, which represented 35%), the Americas represented 33%, and the rest of the world represented 6% of total revenues. Revenues from our customer care and billing software were $2.5 million, or 50% of total revenues, enterprise messaging and payment solutions were $1.7 million, or 35%, and enterprise call accounting software were $0.8 million (including the full quarter revenues of Aurenz), or 15% of total revenues. Revenues from maintenance and additional services were $4.8 million, or 96% of total revenues, while licenses were $0.2 million, or 4% of total revenues. Dividend Distribution As previously announced, the Board declared on March 4, 2025 a gross dividend of $0.22 per share, with tax being withheld at a rate of 20%. The dividend of approximately $4.5 million is presented in our balance sheet as of March 31, 2025, among other current liabilities. The distribution and the impact on our cash position occurred in Q2 2025. AGM and Board of Directors Update The Company held its Annual General Meeting of Shareholders on May 6, 2025, and all the proposed resolutions were approved. About MIND MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States. Cautionary Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company's business strategy are "forward-looking statements", expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company's annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information. For more information please contact: Andrea Dray MIND C.T.I. Ltd. Tel: +972-4-993-6666 [email protected]