Global Dominion Access Sa · BME:DOM
Global Dominion Access Sa — FY2025 Earnings Presentation
23 slides from Global Dominion Access Sa's earnings presentation, Feb 27, 2026
Slide 1: 2025 Year-End Report
2025 Year-End Report February 27th 2026 1
Slide 2: Disclaimer
DISCLAIMER • This document has been prepared by Global Dominion Access. S.A. ("Dominion"). and is for information purposes only. No reliance may or should be placed for any purposes whatsoever on the information contained in this document or on its completeness. accuracy or fairness. This document a
Slide 3: Index
INDEX 3 01 Evolution in the 2025 financial year 02 Completion of the 2023-26 Plan Appendix
Slide 4: Highlights of the 2025 financial year
2025 IN NUMBERS Highlights of the 2025 financial year_ The 2025 financial year has been one of profound transformation in order to achieve the objectives of the Strategic Plan: Simplification: Development of the GDE project: - Corporate and reporting simplification - Acquisitions of decarbonisation
Slide 5: FY25 Income statement
2025 IN NUMBERS FY25 Income statement_ Sales Margins Income Organic sales growth of +4% at constant EBITDA increased to 13.7% of sales, an The net result includes €18.5 million in one- currency compared to FY 2024, with GDE all-time high, thanks to simplification, off items, mainly due to the deprec
Slide 6: FY25 numbers and comparative evolution
2025 IN NUMBERS FY25 numbers and comparative evolution_ The divestments carried out affect both turnover and margins. It is 1 therefore necessary to show a P&L on a like-for-like basis, which shows that organic growth continues. (Millions of €) FY 2024 FY 2024 % FY 2025 Despite a slowdown in project
Slide 7: Turnover Evolution
2025 IN NUMBERS 1 2 Turnover(1) Evolution_ The divestments carried out in 2024 to simplify and reposition the company are concentrated in the GDT-Services segment. The two recurring strategic areas (GDE and GDT-Services) exceed the organic growth guidance of the Strategic Plan. The GDT-Projects segm
Slide 8: Evolution of balance sheet expenses 2025
2025 IN NUMBERS 3 Evolution of balance sheet expenses 2025_ FY 2024 (Millions of €) FY2025 Comparable (*) EBIT (2) 77.7 69.3 Reduction in financial expenditure and discontinued operations due Financial Expenses -32.0 -29.6 to lower interest rates (and following the commissioning of the Financial ins
Slide 9: Segment Breakdown
2025 IN NUMBERS Segment Breakdown_ GDT Projects 11% (13%) Global Dominion Environment 45% (44%) 19% 28% (22%) (27%) Contribution Margin 53% (51%) GDT Services 44% (43%) (*) In grey, data from FY 2024 9
Slide 10: Global Dominion Environment
2025 IN NUMBERS Global Dominion Environment_ ✓ Positive organic growth of +5.9%, above the company's guidance, which is reduced by Forex (-2.6%). Global Dominion ✓ The contribution margin stands at 10.3% of sales, with significant capacity for expansion as the strategy in the GDE area Environment (G
Slide 11: GDT-Services
2025 IN NUMBERS GDT-Services_ Services ✓ Organic growth above guidance (+5.8%). Strong inorganic impact due to the divestment of activities carried out in 2024. ✓ Contribution margin at a high for this segment, amounting to 19.7% of sales. Global ▪ Multi-year renewal of several contracts that are ve
Slide 12: GDT-Projects
2025 IN NUMBERS GDT-Projects_ Projects ✓ The temporary slowdown in project execution (temporary gap) continues, due to geopolitical uncertainty and the new strategy on renewables. Slight recovery in turnover in Q4 (€20 million) compared to Q3 (€7 million). Global Dominion ✓ The contribution margin r
Slide 13: Balance Sheet
2025 IN NUMBERS Balance Sheet_ Balance sheet influenced by the valuation, at year-end exchange rates, of positions in currencies other than the euro, particularly in USD. Significant reduction in net financial debt following the divestment of renewable infrastructure in the Dominican Republic. (Mill
Slide 14: Cash Flow Conversion and Capital Allocation
2025 IN NUMBERS Cash Flow Conversion (6) and Capital Allocation_ Millions of €) 2025 NET CASH EVOLUTION BREAKDOWN EBITDA (2) 143,3 MILLIONS OF € Payments for operating leases (IFRS16) (25,4) Maintenance organic CAPEX (20,1) 34,3 WC organic variation 19,7 182,9 Net Financial Result (38,4) 37,0 Taxes
Slide 15: Financial Discipline Fulfilment
2025 IN NUMBERS Financial Discipline Fulfilment_ GENERATION OF OPERATING FCF(6) RETURN ON NET ASSETS (RONA) (7) 71,7 M€ 21% +9% CAGR 23-26 target > 20% target 76 71 72 68* 21% 21% 21% 21% 60 19% 52 16% 37 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 On a comparable basis (excluding th
Slide 16: Net Debt and Gross Debt structure
2025 IN NUMBERS Net Debt and Gross Debt structure_ Net financial debt fell by 34% compared to the first half of 2025, following the divestment of the Dominican Republic. This has led to a direct decrease in the gross debt position. DEBT STRUCTURE DEBT COMPOSITION Type of financing Fixed and variable
Slide 17: Index
INDEX 17 01 Evolution in the 2025 financial year 02 Completion of the 2023-26 Plan Appendix
Slide 18: Completion of the 2023-26 Plan
2025 IN NUMBERS Completion of the 2023-26 Plan_ The progress made since the plan's inception puts us in a good position to meet its key objectives: ✓ > 70% of the ✓ >€140 million in turnover ✓ Specific GDE contribution and >€10 million in project margin is recurring EBITDA divested in business units
Slide 19: Index
INDEX 19 01 Evolution in the 2025 financial year 02 Completion of the 2023-26 Plan Appendix
Slide 20: Shareholder composition
2025 IN NUMBERS Appendix_ Shareholder composition_ After the close of the 2025 financial year, Mahindra, owner of a 4.17% stake, announced the divestment of its entire position. This stake was acquired by some of DOMINION's main shareholders, including the company's chairman and chief executive offi
Slide 21: Quarterly overview of GDT-Services
2025 IN NUMBERS Appendix_ Quarterly overview of GDT-Services_ In Q4 2025, a reclassification was carried out in the recognition of revenue from agent-principal services, which adjusts the turnover recorded in each quarter. This reclassification does not affect annual turnover or the figure recorded
Slide 22: Appendix
Appendix_ (1) Consolidated Turnover: Annual accounts Turnover. (2) EBITDA: Net Operating Income + Depreciation / EBIT: Net Operating Income. (3) Net Income or Comparable Net Income: Refers to the Attributable Net Profit, prior to discontinued operations (4) Contribution Margin: EBITDA before corpora
Slide 23: We are DOMINION
We help our clients transform to become more efficient and sustainable. Headquearters We apply technology to make this Pío Baroja 3 happen. 48001 BILBAO (ESPAÑA) Telephone: (+34) 944 793 787 dominion-global.com We are DOMINION. © Dominion 2026 23
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