Aquafil Spa · MIL:ECNL
Aquafil Spa — H1 2026 Earnings Presentation
26 slides from Aquafil Spa's earnings presentation, Aug 27, 2026
Slide 1: Aquafil Group 1H 2026 Financial Results
Aquafil Group [ECNL:IM] - [ECNLF: OTCQX] 1H 2026 Financial Results August 27, 2026
Slide 2: Key Messages
Key Messages FURTHER SOLID CASH GENERATION ✓ MARGIN EXPANSION ✓ DRIVING NFP REDUCTION STRONG INCREASE IN RAW MATERIAL FIXED COST REDUCTION ✓ CONFIRMED ✓ AND TRANSPORTATION COSTS IN Q2, WITH PASS-THROUGH TO SELLING PRICES IN Q3 2
Slide 3: Financial Results
Financial Results Revenues EBITDA Net Result NFP 2025 2026 Δ% 2025 2026 Δ% 2025 2026 Δ% 31.12.25 30.06.26 Δ% 1H 281,2 269,5 (4,2)% 38,4 40,6 5,7 % 2,2 3,4 51,0 % 209,5 196,9 (6,0)% % on Revenues 13,6 % 15,0 % 0,8 % 1,2 % 2Q 137,1 135,7 (1,0)% 21,3 20,7 (2,5)% 1,8 2,1 19,2 % % on Revenues 15,5 % 15,3
Slide 4: Financial Results: Volumes and Revenue Variation
Volumes (on First Grade Product Revenues) – Index 100 +0,3% -0,3% Financial compared to 1H 2025 compared to 2Q 2025 Results Revenues Variation by Components 1H 2025 Volume Price & Sales 1H 2026 2Q 2025 Volume Price & Sales 2Q 2026 Mix Mix 4
Slide 5: Financial Results | Quantity Variations %
Financial Results | Quantity Variations % (on First Grade Product Revenues) EMEA Volumes -2.4% vs 1H25 and -3.8% vs 2Q25: • BCF soft market 1H25 vs 1H26 2Q25 vs 2Q26 • NTF good performance especially in 2Q • EP and Other Polymers broadly in line USA Volumes +4.5% vs 1H25 and -1.6% vs 2Q25: • BCF in
Slide 6: Financial Results | Revenues Breakdown by Product Line
Financial Results | Revenues Breakdown % by Product Line 1H25 vs 1H26 2Q25 vs 2Q26 6
Slide 7: Financial Results | Revenues Breakdown by Geographical Area
Financial Results | Revenues Breakdown % by Geographical Area 1H25 vs 1H26 2Q25 vs 2Q26 7
Slide 8: Financial Results: ECONYL Revenues on Fibers
60.2% of 1H26 fibers revenues from ECONYL® and other regenerated fibers Financial Results 1H25 vs 1H26 2Q25 vs 2Q26 ECONYL® Revenues on fibers 8
Slide 9: Financial Results: P&L KPI
1H 2Q 2025 2026 Δ% 2025 2026 Δ% Revenues 281,2 269,5 (4,2)% 137,1 135,7 (1,0)% Financial EBITDA 38,4 40,6 5,7 % 21,3 20,7 (2,5)% Results % on net Sales 13,6% 15,0 % 15,5% 15,3% EBIT* 5,2 13,1 151,6 % 2,3 7,1 202,2 % P&L % on net Sales 1,9 % 4,9% 1,7 % 5,2 % KPI EBT* 2,5 3,3 32,3 % 1,4 2,0 41,1 % % o
Slide 10: Net Financial Position (Net Debt)
Financial Results | Net Financial Position (Net Debt) NFP - €/mln NFP/EBITDA NFP (Net Debt) on June 30, 2026 196.9 €/mln vs 209.5 €/mln on December 31, 2025 NFP/EBITDA decreasing trend: x2.64 on June 30, 2026 vs x2.89 on December 31, 2025 10
Slide 11: Net Financial Position (Net Debt) evolution
Financial Results | Net Financial Position (Net Debt) evolution €/mln. 11
Slide 12: Outlook
Outlook In line with the objectives set for the current year, H1 2026 performance confirms the Group’s strength. The reported financial results highlight the boosting of margins and a significant improvement in the net financial position. The Company has demonstrated its ability to maintain and incr
Slide 13: Annexes
- ae A@UAFIL MIN |
Slide 14: 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 15: Definitions
Annex - Definitions “First grade revenues” are revenues generated by the sale of fibers and polymers, gross of any «FIRST GRADE adjustments (for example, discounts and allowances), but excluding revenues generated by “non-first REVENUES» grade products”, revenues generated by Aquafil Engineering Gmb
Slide 16: Sector Data – Caprolactam price evolution
Annex - Sector Data – Caprolactam price evolution €/ton Source: Tecnon OrbiChem, a ResourceWise company 16
Slide 17: Consolidated Income Statement
Annex - Consolidated Income Statement CONSOLIDATED INCOME STATEMENT Half Year Half Year Second quarter Second quarter (Euro thousands) 2025 2026 2025 2026 Revenues 281.158 269.479 137.147 135.728 of which related parties 6 5 ( 0) 0 Other revenues and income 6.249 3.843 3.380 2.038 of which related p
Slide 18: Consolidated Income Statement – Revenues 1H
Annex - Consolidated Income Statement – Revenues 1H 1H BCF (fiber for carpet) NTF (fiber for fabrics) EP (Engineering Plastics) Other Polymers TOTAL €/mln 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% %25 %26 EMEA 93,1 88,2 (4,9) (5,2)% 31,2 31,7 0,5 1,7 % 17,9 17,4 (0,6
Slide 19: Consolidated Income Statement – Revenues 2Q
Annex - Consolidated Income Statement – Revenues 2Q 2Q BCF (fiber for carpet) NTF (fiber for fabrics) EP (Engineering Plastics) Other Polymers TOTAL €/mln 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% %25 %26 EMEA 47,1 45,3 (1,9) (4,0)% 14,8 15,7 0,9 6,1 % 8,1 7,4 (0,7)
Slide 20: EBITDA and Adjusted Operating Results
Annex - EBITDA and Adjusted Operating Results Half Year Half Year Second quarter Second quarter Reconciliation from Profit/(loss) for the period EBITDA (€/000) 2025 2026 2025 2026 Profit/(loss) for the period 2.224 3.358 1.796 2.140 Income taxes 272 ( 58) ( 349) ( 98) Investment income and charges (
Slide 21: Consolidated Balance Sheet (1/2)
Annex - Consolidated Balance Sheet (1/2) CONSOLIDATED BALANCE SHEET December 31 June 30 €/000 2025 2026 Intangible assets 12.009 10.090 Goodwill 14.237 14.655 Property, plant & equipment 197.714 199.080 Financial assets 907 1.194 of which related parties 222 313 Investments valued at equity 1.113 1.
Slide 22: Consolidated Balance Sheet (2/2)
Annex - Consolidated Balance Sheet (2/2) CONSOLIDATED BALANCE SHEET December 31 June 30 €/000 2025 2026 Share capital 53.354 53.354 Reserves 82.598 87.257 Group net result -4.694 3.358 Group shareholders' equity 131.258 143.969 Minority interest shareholders’ equity 0 0 Minority interest net profit
Slide 23: Consolidated Cash Flow Statement (1/2)
Annex - Consolidated Cash Flow Statement (1/2) CONSOLIDATED CASH FLOW STATEMENT June 30 June 30 (Euro thousands) 2025 2026 Operating activities Profit/(loss) for the period 2.224 3.358 of which related parties: (220) 106 Income taxes 272 (58) Investment income and charges (78) (272) of which related
Slide 24: Consolidated Cash Flow Statement (2/2)
Annex - Consolidated Cash Flow Statement (2/2) CONSOLIDATED CASH FLOW STATEMENT June 30 June 30 (Euro thousands) 2025 2026 Investing activities Investments in tangible assets (10.218) (10.404) Disposal of tangible assets 289 238 Investments in intangible assets (1.407) (1.385) Disposal of intangible
Slide 25: Net Financial Position (Net Debt)
Annex - Net Financial Position (Net Debt) NET FINANCIAL DEBT December 31 June 30 (Euro thousands) 2025 2026 A. Liquidity 165.548 155.875 B. Cash and cash equivalents C. Other current financial assets 2.262 8.155 D. Liquidity (A) + (B) + (C) 167.810 164.030 E. Current financial debt (including debt i
Slide 26: aquafil.com econyl.aquafil.com www.dryarn.com
aquafil.com econyl.aquafil.com www.dryarn.com dryarn.com