Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — Non-Deal Roadshow (April 2026)
16 slides from Txt E-solutions's roadshow presentation, Apr 21, 2026
Slide 1: TXT Group: Corporate Presentation
1 TXT Group: Corporate Presentation Investor Roadshow – Frankfurt, London Hosted by Banca Akros April 21-22, 2026 Daniele MISANI, CEO Andrea FAVINI, Investor Relations
Slide 2: Your Global Digital Enabler
2 TXT has always been a pioneer in Digital Innovation. Founded in 1989, since 2000 it has been listed in Milan Stock Exchange, Star Segment. In 2018 a new course has been started, with a plan of accelerated and sustainable growth. TXT is an Ecosystem of vertical excellences and digital competences.
Slide 3: TXT Group at a Glance
TXT Group at a Glance 3 USA CANADA UK NL CH DE Seattle Montreal Bristol Delft Chiasso Köln Stans Berlin €395m Revenues FY 2025 (pro-forma) Lucerna Munich Solid Financial structure SINGAPORE Guaranteed by operating excellence & innovation July 2000 Listed on the Italian 20+ Stock Exchange Locations w
Slide 4: Scaled Digital Innovation for the Enterprise
Scaled Digital Innovation for the Enterprise 4 Digital Innovation Player LARGE Organizations The Core Philosophy IT for IT for IT Business A premier partner for Focus entirely on We bypass commoditized innovating core business enterprise-scale clients back-office support to processes and products of
Slide 5: The End-to-End Technology Stack: From Advisory to Complex Execution
The End-to-End Technology Stack: 5 From Advisory to Complex Execution 17% of Business ; % EBITDA ~ 14% * 60% of Business ; % EBITDA ~ 13% * 23% of Business ; % EBITDA ~ 23% * *Percentages of business incidence and EBITDA margin by offering segment reported are those for FY-25 (consolidated results)
Slide 6: Strategic Industry Positioning: Focusing Growth on High-Margin, Mission-Critical Verticals
Strategic Industry Positioning: 6 Focusing Growth on High-Margin, Mission-Critical Verticals FY-24 Rev. FY-27 Rev. FY-25 Rev. Pro-Forma LFL Target YoY Growth (€360m) (€475m) (+10%) +22% +17% -12% * +13% +7% +10% * Decrease in Telco business in 2025 is driven by suspension of 2024 one-off activities
Slide 7: The M&A Flywheel: A Scalable Network Governance Model
The M&A Flywheel: 7 A Scalable Network Governance Model A systematic approach to compounding enterprise value without bloating central operations
Slide 8: TXT Industrial Plan 2025-2027
TXT Industrial Plan 2025-2027: 8 Sustaining 15% margins while leveraging an M&A to push 2027 revenues beyond €600M Core Identity Revenues Evolution (€M) EBITDA (€M) & Margin Stability Digital Innovation Player 100 Consistent 15% targeting LARGE Organizations. 607 EBITDA Margin 15% 15% Strict focus o
Slide 9: Financials & Market Data
TXT Financials & Market Data
Slide 10: KPIs by Offering
10 € thousand 31.12.2025 % 31.12.2024 % Var % REVENUES 394,330 100 304,545 100 29.5 Direct costs 243,989 61.9 202,385 66.5 20.6 GROSS MARGIN 150,341 38.1 102,160 33.5 47.2 Research and Development costs 23,280 5.9 14,879 4.9 56.5 Commercial costs 38,845 9.9 27,176 8.9 42.9 General and Administrative
Slide 11: Profit & Loss FY-25: EBITDA to Net Profit Bridge
€ thousand 31.12.2025 % 31.12.2024 % Var % 11 EBITDA 60,026 15.2 39,160 12.9 53.3 D&A, Write-offs & Riorganization (Excl. PPA) 12,250 5.0 9,525 4.7 n.a. OPERATING PROFIT (EBIT) ADJ. 47,776 12.1 29,636 9.7 61.2 Net Financial income/(charges) (5,507) (1.4) (2,818) (0.9) 95.4 EBITDA to Net Profit Bridg
Slide 12: Solid financial position
12 .000 Euro 31.12.2025 31.12.2024 Var Cash (102,739) (58,250) (44,488) Trading securities at fair value (11,433) (17,283) 5,850 Other Short Term Financial Assets (320) (254) (65) Short term Financial Debts 69,069 65,658 3,411 Short term Financial Debts (45,423 ) (10,130 ) (35,293) olid financial po
Slide 13: Net Debt Bridge
13 Free Cash Flow / EBITDA: 50% Operating Cash Flow / EBITDA: 75% 60 -6 Y-24 to FY-25 (Adj.) € million -9 -6 -3 -7 Net Debt Bridge: -6 -4 3 -3 -91 -99 -30 -1 4
Slide 14: Balance Sheet: details
14 € thousand 31.12.2025 31.12.2024 Change Intangible assets 181,473 159,254 22,219 Tangible assets 33,911 28,840 5,071 Other fixed assets 28,439 26,506 1,933 Fixed Assets 243,823 214,601 29,222 _Balance Sheet: details Inventories 28,638 23,737 4,901 Trade receivables 127,493 114,054 13,439 Other sh
Slide 15: Shareholding structure, Market Data & Dividends
15 Shareholding Structure Dec. 31st, 2025* Dividends and Treasury Shares Repurchase (€m) * Latest Public Data Available as of 31 Dec. 2025 Treasury 18 15.4 Shares; 3% Shareholding structure, 16 L.V.O. Global Asset arket Data & Dividends Laserline 14 Management S.A. SpA; 30% 12 3% 10 8.4 8 6.8 13.3 7
Slide 16: Ls TXT
Ls TXT