Cy4gate Spa · MIL:CY4
Cy4gate Spa — H1 2025 Earnings Presentation
15 slides from Cy4gate Spa's earnings presentation, Sep 12, 2025
Slide 1: Cy4Gate H1 2025 Financial Results
Cy4Gate H1 2025 Financial Results September 12, 2025
Slide 2: Agenda
AGENDA ➢ H1 2025 Financial Results ➢ Strategy & Outlook
Slide 3: Speakers
Speakers EMANUELE GALTIERI ARIANNA CICCOLELLA ALESSIA PISONI CEO & General Manager CFO Head of Group FP&A & Investor Relator 3
Slide 4: H1 2025 Financial Results
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Slide 5: H1 2025 Highlights
H1 2025 Highlights The result of the first half of 2025 confirms its positive trend and consolidates its position in the sector. As of September 11, 2025, Orders acquired amounts to €68 million and Total Backlog stands at €76.6 million. The Value of Production compared to the first half of 2025 grow
Slide 6: H1 2025 Economic Key Data
H1 2025 Economic Key Data € mln 2024 - 2025 Growth 2024 - 2025 • Revenues equal to € 40.6 million, + 30% Revenues¹ +30.4% YoY 31.1 40.6 compared to 30 June 2024 (€ 31.1 million), mainly H1 2024 H1 2025 driven by the excellent performance of the Forensic Intelligence and Decision intelligence 3.5 EBI
Slide 7: H1 2025 Revenues Breakdown
H1 2025 Revenues Breakdown By business line By geographical area Decision Intelligence Forensic Intelligence Cyber Security Italy Export 21% ~71% 25% 15% ~57% 40% 40% €31.1 mln €40.6 mln ~43% ~29% 36% 39% H1 2024 H1 2025 H1 2024 H1 2025 Increased sales of licences and services in Forensic Foreign sa
Slide 8: H1 2025 People Investment
H1 2025 People Investment Positive Items Negative Items Total 552 41 (45) 548 Total personnel decreased in the first half of 2025 by a total of 4 resources: ▪ -3 resources in engineering ▪ -1 resources in commercial & staff Cy4Gate Entrances Exits Cy4Gate Group Group FY 2024 H1 2025 8
Slide 9: H1 2025 Financial Key Data
H1 2025 Financial Key Data € mln 2024 - 2025 Growth 2024 - 2025 Fixed -4.8% 98.0 93.3 Assets vs Dec. 24 • Fixed Assets decreasing due to lower capitalized FY 2024 H1 2025 investments Net -23.1% 35.2 • Net Working Capital reduction due to the positive Working 27.1 vs Dec. 24 Capital collections and p
Slide 10: H1 2025 NFP Bridge
H1 2025 NFP Bridge Positive Items Negative Items Total € mln (5.2) 9.6 (1.6) (0.3) (28.4) (30.9) NFP 2024 Operating Cash flow CAPEX Minorities Others NFP H1 2025 Dividends Payout 10
Slide 11: Strategy & Outlook
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Slide 12: Our growth Strategy: Actions
Our growth Strategy: Actions 2025-2026 ▪ Deepen relationships with Italian prime contractors (ELT among others) to secure long-term, high-value programs ▪ Participate in international consortia to capture significant opportunities arising from newly established EU Defence Defence Funds ▪ Capture EU
Slide 13: Our growth Strategy: Market
Our growth Strategy: Market Cy4Gate Group portfolio – cyber intelligence & cyber security products - perfectly fits with the following 3 fast growing markets, both in Italy and abroad: Portfolio fit: ▪ Rising internal/external threats and network-centric military modernization driving strong demand
Slide 14: Outlook 2025
Outlook 2025 ACTUAL/BACKLOG/RECURRING PIPELINE CONVERSION TOTAL REVENUES Euro ~ 75 M Euro ~ 11 M Euro 84 - 87 M 14
Slide 15: Follow us
Follow us: Headquarter Via Coponia, 8 00131 Rome - Italy Investor Relations Officer Alessia Pisoni investors@cy4gate.com Investor Relations Advisor CDR Communication silvia.dirosa@cdr-communication.it luca.gentili@cdr-communication.it 15