Slide 1: FY25 Financial Results
FY25 Financial Results March 6, 2026 Stephan Haferl, CEO Christian Witt, CFO
Slide 2: Cautionary statement regarding Forward Looking Statements
Cautionary statement regarding Forward Looking Statements This document contains forward-looking statements about the Comet Group that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward- looking st
Slide 3: Agenda
Agenda 01 Business & Industry Review 02 Financial Results FY25 03 Outlook FY26 FY25 Financial Results 3/6/2026 3
Slide 4: FY25: Steady top-line growth as semis recovers
Business & Industry Review FY25: Steady top-line growth as semis recovers Top-line growth in 2025 457.0 10.1% • Recovery from 2024 continued: 2.6% net sales growth • Continued FX headwinds, growth in constant currency of 7.3% • Softer profitability on market challenges, upfront investments Net sales
Slide 5: AI-led semis growth, selective industrial recovery
Business & Industry Review AI-led semis growth, selective industrial recovery Semiconductors and Electronics Other industrial segments • AI demand reshaped the industry • Industrial activity recovering; signals pointed to bottoming • WFE expectations improved selectively: AI-critical logic & memory
Slide 6: Scaling new product families to accelerate growth
Business & Industry Review Scaling new product families to accelerate growth Division PCT • Higher AI exposure resulting in growth • Minimal upgrade benefit to date, upside deferred to evolving investment cycle • Pipeline on track: Synertia HVM orders • Penang ramp preparation progressing, supply ch
Slide 7: 2025: Setting the stage for growth
Business & Industry Review 2025: Setting the stage for growth Replace with picture from New picAR 2021 replace pic with 75y banner • Semiconductor market shows uneven recovery • Key memory segments experience slow growth • X-ray divisions affected by subdued industrial segments and competitive lands
Slide 8: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 2025 FY25 Financial Results 3/6/2026 8
Slide 9: Financial highlights FY25
Financial Results Financial highlights FY25 • Increasing momentum in the semiconductor segment • IXM innovations gaining market traction • Near-term earnings impacted by growth investments at IXS • Sequential margin improvement in H2 • Penang expansion fully funded from Operating Cash Flow FY25 Fina
Slide 10: Uncertainty drags on H2; acceleration in Dec 25 / Q1 26
Financial Results Uncertainty drags on H2; acceleration in Dec 25 / Q1 26 H1/25 H2/25 FY25 Net sales [in CHF million] Net sales 227.2 229.8 457.0 EBITDA margin 9.1% 11.1% 10.1% • H1/25 significantly above H1/24: AI-driven WFE growth • Global uncertainty hit H2/25: Atypical sales pattern with H2 at H
Slide 11: PCT and IXM with sales growth, margins impacted by FX, investments, and mix
Financial Results PCT and IXM with sales growth, margins impacted by FX, investments, and mix Net sales [in CHF million] EBITDA margin PCT IXS IXM 20.4% 15.7% 15.4% 15.9% -3.7% 257.1 -6.8% 247.4 115.9 110.8 94.6 99.1 FY24 FY25 FY24 FY25 FY24 FY25 Net sales +3.9% (+9.4% in constant currency) Net sale
Slide 12: Net sales of 7.3% in constant currencies; weakness of the USD weighs on results
Financial Results Net sales of 7.3% in constant currencies; weakness of the USD weighs on results • Net sales growth in constant currency: +7.3% Net sales (CHF mn) Gross profit margin EBITDA margin • Gross margin impacted by FX, 457.0 38.0% 10.1% product & regional mix • EBITDA margin: lower GPM +2.
Slide 13: Enhanced capex for investments into growth, balance sheet remains robust
Enhanced capex for investments into growth, balance sheet remains robust • Higher capex reflects investments into growth – new site in Penang, clean Capex (CHF mn) Free CF (CHF mn) Net cash room Flamatt 42.5 8.5 +5.3 • Free Cash Flow positive, investments financed from OCF FY24: 12.8 FY24: 41.4 FY24
Slide 14: Focus on high growth and profitability
Financial Results Focus on high growth and profitability from Capital Markets Day November 2025 Improve profitability Solid financials for growth Enablers & Culture • Manage price/mix effectively • Prioritize investing in high-margin / • Full transparency, process, cost, high-growth products & custo
Slide 15: Driving efficiency and sustainable growth in 2026 – EBITDA reflects transition-related one-offs
Financial Results Driving efficiency and sustainable growth in 2026 – EBITDA reflects transition-related one-offs > FY25 (1) Cost Reduction & Efficiency Program approx. 3pp approx. 1.5pp • Addressing both strategic and operational aspects of the business • Reduce cost while increasing ROI through di
Slide 16: Financial summary
Financial Results Financial summary • PCT at an inflection point: new product revenues begin to drive results • Transition of IXS into semiconductors: promising progress, temporary margin impact • IXM with solid growth driven by new products and markets; tariffs defied • Sustainably higher profitabi
Slide 17: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 2026 FY25 Financial Results 3/6/2026 17
Slide 18: Staying the course while extending our focus strategy to 2030
Staying the course while extending our focus strategy to 2030 Focus Strategy Advanced Focus Strategy 2019 2025 2025 2028 2030 Semiconductor-led growth focus ”All-in” Semiconductors Peak of the cycle Leverage our core competencies Clear portfolio focus on core technologies Expand into complementary d
Slide 19: WFE spend to accelerate in 2026; improving momentum in other industrial markets
Outlook 2026 WFE spend to accelerate in 2026; improving momentum in other industrial markets Semiconductors and Electronics Other industrial segments • Positive trend in industry continues • Industrial markets: Momentum improves in 2026 • Stronger ramp than anticipated due to shortages (incl. NAND)
Slide 20: FY26: positive momentum expected to accelerate
Outlook 2026 FY26: positive momentum expected to accelerate Business environment • Semiconductor ramp clearly visible, timing for 2026 remains open Guidance FY 2026 • Memory capex recovery broadening • Utilization and mix shift support margin expansion • Momentum building into the second half of the
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Slide 22: Appendix
Appendix cemet
Slide 23: Consolidated statement of income
Appendix Consolidated statement of income in thousands of CHF FY25 FY24 restated * Y-O-Y Net sales 457,044 445,362 +2.6% Gross profit 173,677 190,731 –8.9% • Other operating income 6,486 6,708 –3.3% • Development expenses (65,296) (67,258) –2.9% • Marketing and selling expenses (50,449) (51,917) –2.
Slide 24: Consolidated statement of cash flows
Appendix Consolidated statement of cash flows in thousands of CHF FY25 FY24 Y-O-Y Net cash provided by operating activities 48,217 49,963 –3.5% In % of net sales 10.6% 11.2% –0.6pp Net cash (used in) investing activities (39,715) (8,549) +364.6% Free cash flow 8,502 41,414 –79.5% In % of net sales 1
Slide 25: Consolidated balance sheet
Appendix Consolidated balance sheet in thousands of CHF YE25 in % YE24 restated * in % Current assets 272,527 54.4 314,623 59.5 Non-current assets 228,393 45.6 214,525 40.5 Total assets 500,920 100.0 529,148 100.0 Current liabilities 153,980 30.7 100,268 18.9 Non-current liabilities 38,171 7.6 105,7
Slide 26: Net sales walk FY24 to FY25
Appendix Net sales walk FY24 to FY25 in CHF million + 2.6 % 8.2 2.3 23.2 -1.3 457.0 445.4 -20.8 Volume effect Negative in local currencies currency effect CHF + 32.4 m (+7.3%) CHF -20.8 m (-4.7%) Net sales FY24 PCT IXS IXM Elimination FX impact Net sales FY25 intersegment sales FY25 Financial Result
Slide 27: EBITDA margin walk FY24 to FY25
Appendix EBITDA margin walk FY24 to FY25 –2.9pp 13.0% +0.4pp –1.8pp 10.1% –1.5pp EBITDA margin FY24* Volume & mix impact Cost impact FX impact EBITDA margin FY25 * restated; further explanations on the restatement are set out in note 02.3, “Restatement” of the Annual Report 2025. FY25 Financial Resu
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