Slide 1: Conference Call FY 2025 Financial Results
C O NFER EN C E C A L L F Y 2 0 2 5 F I N A N C I A L R E S U LT S
Slide 2: Index
index Today's Speakers Financial updates Outlook and key takeaways Q&A #2
Slide 3: Today's speakers
today's speakers SANDRO Massimo Milan Sandro Barazza Group CEO Group CFO #3
Slide 4: Key facts
key facts 2025 marked the beginning of Eurotech’s operational transformation. Strong improvement in the second half of the year, with positive adjusted EBITDA in H2. Lower break-even driven by cost discipline and organizational actions. €17.5M capital increase strengthened the balance sheet and prov
Slide 5: Financial update FY 2025
financial update FY 2025 @eurotech #5
Slide 6: FY 2025 financial highlights
FY 2025 financial highlights Revenues declined 6.4% YoY (4.9% at constant exchange rates) to €55.4m, with the decrease entirely attributable to the contraction of the traditional Embedded business. EBITDA FY 2025: € -3.1m (+38.1% YoY compared to € -5.0m in FY 2024). EBITDA 2H 2025: € 2.2m compared t
Slide 7: Revenue performance FY 2025
revenue performance FY 2025 trend inversion in H2 but year still impacted by weak H1 All values in € million 59.1 0.2 #Revenues impacted by Embedded slowdown due to US business and weak -0.9 55.4 industrial demand, particularly in Germany. -3.1 #Edge AIoT business further strengthened its strategic
Slide 8: Europe remains the Group's leading market
Europe remains the Group's leading market revenues breakdown by end-customer location other other Regional performance shows differentiated dynamics across markets. 7.8 7.4 % Europe remained the Group’s largest % market, showing a clear acceleration in the JP JP second half of the year. 29.1 31.7 %
Slide 9: Strong H2 performance
strong H2 performance 61.2% of the revenues and €2.8M EBITDA ADJ (6.6% of the revenues) 2025 performance driven by stronger H2 8.3 13.2 H1 – Revenues Weak H1: due to lower order intake in late 13.2 -0.4 -3.6 H1 – EBITDA ADJ 2024 and softness in the industrial sector (Europe, US). -3.6 H2: progressiv
Slide 10: Opex net of not recurrent cost: lower break-even entering 2026
opex net of not recurrent cost lower break-even entering 2026 6.0M€ cost reduction in FY 25 vs FY24 net of forex effects and not recurrent costs: Organizational simplification and cost base optimization. Improved operational discipline and tighter expense control. Implemented cross-country synergies
Slide 11: EBITDA improvement driven by costs reduction
EBITDA improvement driven by costs reduction All values in € thousand -4,958 5,966 -1,062 -1,272 1,250 -1,785 -3,057 -156 -3,864 -1,432 -880 EBITDA Non Fx rate EBITDA ADJ Lower (Lower) Opex Other EBITDA ADJ Non EBITDA FY 2024 Act recurring effect FY 2024 Act Volume Better GM (Increase) Revenues FX 2
Slide 12: Balance sheet continues to improve
balance sheet continues to improve All values in € million NFP improved by €3.6M, supported by key shareholders NWC reduced by €5M YoY, driven by inventory cash release capital injection Receivables increased mainly due to higher sales volumes in H2 14.7 6.9 -0.8 -0.7 -16.8 2.3 -0.5 9.7 0.2 -20.4 -1
Slide 13: Outlook & key takeaways
@eurotech outlook & key takeaways #13
Slide 14: Business outlook
business outlook short-term market conditions remain mixed, with gradual improvement expected during the year Q1 2026 expected to improve vs. Q1 2025 in both revenues and profitability, still reflecting weak overall profitability. Q2 expected to show further improvement vs. Q1 and Q2 2025. Performan
Slide 15: Long-term outlook
long-term outlook 2026 2027 2028 FROM RECOVERY TO STRUCTURAL PROFITABILITY • Execution and mix improvement. • Expansion of Eurotech’s integrated Expected results 2028: • Cost discipline. ecosystem offering. ~€80M revenues, scaling • Focus on value, not volume. • Strengthening of partnerships with to
Slide 16: Key takeaways: building solid foundations
key takeaways we are building solid foundations for sustainable recovery and long-term growth Market environment €17.5M capital increase Global macroeconomic and geopolitical successfully completed supported environment remains volatile. by key shareholder Industrial slowdown in Europe, particularly
Slide 17: Key takeaways: from recovery to growth
key takeaways from recovery to growth: building solid, long-term value EUROTECH STRATEGIC REPOSITIONING Building a platform for future growth. • Industrial Edge AI infrastructure. • Integrated Systems & Solutions: hardware, software, services. Transformation underway • Focus on mission-critical appl
Slide 18: @eurotech
@eurotech #18
Slide 19: Disclaimer
disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presen tation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agent
Slide 20: Appendix
@eurotech appendix #20
Slide 21: Consolidated profit and loss account
consolidated profit and loss account of which of which change (b-a) FY 2025 (b) non % FY 2024 (a) non % (€ '000) amount % recurrent recurrent Sales revenue 55,377 100.0% 59,133 100.0% (3,756) -6.4% Cost of material (28,276) -51.1% (29,144) -49.3% (868) -3.0% Gross profit 27,101 48.9% 29,989 50.7% (2
Slide 22: Consolidated statement of financial position
13,929 12,405 1,524 Income tax receivables 568 934 ( 366) Other current assets 1,361 1,498 ( 137) consolidated statement of financial position Other current financial assets 17 115 ( 98) Derivative instruments 4 29 ( 25) Cash & cash equivalents 6,455 6,170 285 Total current assets 34,252 38,292 ( 4,
Slide 23: Net financial position
net financial position at December at December 31, (€'000) 31, 2025 2024 Cash A 6,455 6,170 Cash equivalents B - - Other current financial assets C 21 144 Cash equivalent D=A+B+C 6,476 6,314 Current financial debt E 4,023 6,808 Current portion of non-current financial debt F 7,578 2,240 Other curren
Slide 24: Net working capital
net working capital at December at December 31, 2025 31, 2024 Changes (€'000) (b) (a) (b-a) Inventories 11,918 17,141 (5,223) Trade receivables 13,929 12,405 1,524 Income tax receivables 568 934 (366) Other current assets 1,361 1,498 (137) Current assets 27,776 31,978 (4,202) Trade payables (9,384)
Slide 25: eurotech neXt
@eurotech eurotech next #25
Slide 26: eurotech neXt: executive summary
eurotech neXt: executive summary Focus on strategic vertical markets Focus on strategic sectors — Transportation & Mobility, Aerospace & Defense, Energy & Grids, and Industrial — to strengthen specialization and leadership in sectors with the greatest potential and maximize the possibility of replic
Slide 27: From market to customer
from market to customer MARKET IS CHANGING: WHY CUSTOMERS FROM DIGITAL AI TO PHYSICAL AI CHOOSE US WE TURN 1. AI moves from analytics to action We transform advanced INNOVATIVE 2. Decisions move to the edge technologies into end-to-end trusted solutions by integrating TECHNOLOGIES 3. Systems, not mo
Slide 28: Integration between hardware, software & services, focusing on high-growth vertical markets
integration between hardware, software & services, focusing on high-growth vertical markets EDGE SOLUTIONS Focusing resources on vertical markets with the greatest growth and value potential. Strengthen presence in core vertical markets through integrated and scalable vertical offerings. Promote Eur