Slide 1: Aquafil Group FY 2025 Financial Results
Aquafil Group [ECNL:IM] - [ECNLF: OTCQX] FY 2025 Financial Results March 12, 2026
Slide 2: Key Messages
Key Messages Strong growth in absolute value and ✓ percentage marginality ✓ Improving Net Financial Position Volumes increased compared to Decrease in raw material costs and ✓ FY 2024 ✓ consequently lower revenues ✓ Ongoing cost rationalization project ✓ 2026 KPI update 2
Slide 3: Financial Results
Financial Results Revenues EBITDA Net Result NFP 2024 2025 Δ% 2024 2025 Δ% 2024 2025 Δ% 31.12.24 31.12.25 Δ% FY 542,1 520,8 (3,9)% 62,4 72,4 16,1 % (16,3) (4,7) 71,2 % (213,5) (209,5) (1,9)% % on Revenues 11,5 % 13,9 % (3,0)% (0,9)% 4Q 126,1 118,8 (5,7)% 14,3 17,5 22,2 % (7,5) (5,1) 32,1 % % on Reve
Slide 4: Volumes and Revenues Variation by Components
Volumes (on First Grade Products) +4,4% +6,2% Financial compared to FY 2024 compared to 4Q 2024 Results Revenues variation by components Index 100 Volumes and Revenues Variation by Components FY 2024 Volume Price, FX & FY 2025 4Q 2024 Volume Price; FX & 4Q 2025 Sales Mix Sales Mix 4
Slide 5: Financial Results | Quantity Variations %
Financial Results | Quantity Variations % (on First Grade Product Revenues) EMEA Volumes +5,1% vs FY24 and +2,8% vs 4Q24: FY25 vs FY24 4Q25 vs 4Q24 • BCF slower than FY2024 • NTF still soft but increasing in 4Q • Polymers growing volumes with a solid EP performance USA Volumes +9,4% vs FY24 and +16,
Slide 6: Financial Results | Revenues Breakdown by Product Line
Financial Results | Revenues Breakdown % by Product Line FY24 vs FY25 4Q24 vs 4Q25 6
Slide 7: Financial Results | Revenues Breakdown by Geographical Area
Financial Results | Revenues Breakdown % by Geographical Area FY24 vs FY25 4Q24 vs 4Q25 7
Slide 8: ECONYL Revenues on fibers
60,4% of 9M25 fibers revenues from ECONYL® and other regenerated fibers Financial Results FY24 vs FY25 4Q24 vs 4Q25 ECONYL® Revenues on fibers 8
Slide 9: Financial Results P&L KPI
FY 4Q 2024 2025 Δ% 2024 2025 Δ% Revenues 542,1 520,8 (3,9)% 126,1 118,8 (5,7)% Financial Results EBITDA 62,4 72,4 16,1 % 14,3 17,5 22,2 % % on net Sales 11,5% 13,9 % 11,3% 14,7% EBIT* 3,3 6,6 98,9 % (0,6) (0,4) (27,1)% P&L % on net Sales 0,6 % 1,3% (0,5)% (0,4)% KPI EBT* (17,6) (4,9) 71,9 % (7,3) (5
Slide 10: Financial Results | Net Financial Position
Financial Results | Net Financial Position NFP - €/mln NFP/EBITDA NFP 209,5 €/mln on December 31, 2025 vs 213,5 €/mln on December 31, 2024 Ratio NPF/EBITDA x2,89 on December 31, 2025 vs x3,42 on December 31, 2024 10
Slide 11: Financial Results | NFP evolution €/mln
Financial Results | NFP evolution €/mln 11
Slide 12: 2026 Industrial Plan: updated expectations – Volumes by business lines
2026 Industrial Plan: updated expectations Volumes by business lines EP - Engineering BCF - Carpet yarn NTF - Textile yarn Plastics ’25A vs ’24A +1,4% (2,6)% +11,8% NEW ‘26E vs ’25A From +3% to +7% From +7% to +10% From +3% to +7% Old ‘26E vs ’25A From +2% to +4% From +4% to +7% From +1% to +2% 12
Slide 13: 2026 Industrial Plan: updated expectations – EBITDA
2026 Industrial Plan: updated expectations EBITDA (old vs new) 90 - 96 (37) 15 (4) 79 - 83 15 Cost saving deriving from the Data in €/mln. rationalization prj. and lower volumes 13
Slide 14: 2026 Industrial Plan: updated expectations – Net Financial Position
2026 Industrial Plan: updated expectations Net Financial Position (old vs new) 4 (2) 185 - 195 7 19 157 - 167 Data in €/mln Positive NFP means debt and includes the IFR 16 effects 14
Slide 15: Outlook
Outlook 2025 saw a very strong performance compared to the previous year, especially in terms of margins. FY 2026 will focus on rationalizing costs, consolidating margins, and increasing volumes in key businesses. The Group will continue to benefit from the cost rationalization plan, with a positive
Slide 16: Annexes
- ae A@UAFIL MIX |
Slide 17: Disclaimer
Annex - Disclaimer This presentation and any material distributed in connection herewith (together, the “Presentation”) prepared by Aquafil S.p.A. (“Aquafil” or “Company”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any
Slide 18: Definitions
Annex - Definitions “First choice revenues” are revenues generated by the sale of fibers and polymers, gross of any «FIRST CHOICE adjustments (for example, discounts and allowances), but excluding revenues generated by “non-first REVENUES» choice products”, revenues generated by Aquafil Engineering
Slide 19: Sector Data – Caprolactam price evolution
Annex - Sector Data – Caprolactam price evolution €/ton Source: Tecnon OrbiChem, a ResourceWise company 19
Slide 20: Consolidated Income Statement
Annex - Consolidated Income Statement CONSOLIDATED INCOME STATEMENT December of which December of which Fourth quarter of which Fourth quarter of which €/000 2024 non-current 2025 non-current 2024 non-current 2025 non-current Revenues 542.135 0 520.836 0 126.060 0 118.814 0 of which related parties
Slide 21: Consolidated Income Statement – Revenues FY
Annex - Consolidated Income Statement – Revenues FY FY BCF (fiber for carpet) NTF (fiber for fabrics) EP (Engineering Plastics) Other Polymers TOTAL €/mln 2024 2025 Δ Δ% 2024 2025 Δ Δ% 2024 2025 Δ Δ% 2024 2025 Δ Δ% 2024 2025 Δ Δ% %25 %24 EMEA 181,3 169,7 (11,5) (6,4)% 57,5 57,7 0,2 0,3 % 29,3 30,3 1
Slide 22: Consolidated Income Statement – Revenues 4Q
Annex - Consolidated Income Statement – Revenues 4Q Q4 BCF (fiber for carpet) NTF (fiber for fabrics) EP (Engineering Plastics) Other Polymers TOTAL €/mln 2024 2025 Δ Δ% 2024 2025 Δ Δ% 2024 2025 Δ Δ% 2024 2025 Δ Δ% 2024 2025 Δ Δ% %25 %24 EMEA 44,1 40,8 (3,3) (7,5)% 12,7 13,2 0,5 3,9 % 6,5 5,0 (1,4)
Slide 23: EBITDA and Adjusted Operating Results
Annex - EBITDA and Adjusted Operating Results RECONCILIATION FROM NET PROFIT TO EBITDA €/000 December December Fourth Fourth 2024 2025 quarter 2024 quarter 2025 Net Profit (Including Portion Attr. to Minority ) ( 16.313) ( 4.694) ( 7.534) ( 5.118) Income Taxes ( 1.291) ( 255) 260 ( 132) Investment i
Slide 24: Consolidated Balance Sheet (1/2)
Annex - Consolidated Balance Sheet (1/2) CONSOLIDATED BALANCE SHEET At December 31, At December 31, €/000 2024 2025 Intangible Assets 15.168 12.009 Goodwill 16.064 14.237 Tangible Assets 233.900 197.714 Financial Assets 969 907 of which related parties 270 222 Investments & Equity metod 1.113 1.113
Slide 25: Consolidated Balance Sheet (2/2)
Annex - Consolidated Balance Sheet (2/2) CONSOLIDATED BALANCE SHEET At December 31, At December 31, €/000 2024 2025 Share Capital 53.354 53.354 Reserves 121.311 82.598 Group Net Profit for the year ( 16.313) ( 4.694) Group Shareholders Equity 158.352 131.258 Net Equity attributable to minority inter
Slide 26: Consolidated Cash Flow Statement (1/2)
Annex - Consolidated Cash Flow Statement (1/2) CASH FLOW STATEMENT At December 31, At December 31, €/000 2024 2025 Operation Activities Net Profit (Including Portion Attr. to Minority) (16.313) (4.694) of which related parties (318) (555) Income Taxes (1.291) (255) Income (loss) from equity Investme
Slide 27: Consolidated Cash Flow Statement (2/2)
Annex - Consolidated Cash Flow Statement (2/2) CASH FLOW STATEMENT At December 31, At December 31, €/000 2024 2025 Investing activities Investment in Tangible Assets (21.781) (18.308) Disposal of Tangible Assets 975 560 Investment in Intangible Assets (3.291) (3.467) Disposal of Intangible Assets (1
Slide 28: Net Financial Debt
Annex - Net Financial Debt NET FINANCIAL DEBT At December 31, At December 31, €/000 2024 2025 A. Liquidity 130.366 165.548 B. Cash and cash equivalents C. Other current financial assets 980 2.262 D. Liquidity (A + B + C) 131.346 167.810 E. Current financial debt (including debt instruments but exclu
Slide 29: aquafil.com econyl.aquafil.com www.dryarn.com
aquafil.com econyl.aquafil.com www.dryarn.com dryarn.com