Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — Q1 2026 Earnings Presentation
17 slides from Txt E-solutions's earnings presentation, May 15, 2026
Slide 1: TXT Group: Q1-2026 Results Call with Investors
TXT Group: Q1-2026 Results Call with Investors May 15 | 11:00 (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Q1-2026 KPIs show acceleration on Top Line growth
Q1-2026 KPIs show acceleration on Top Line growth, with EBITDA margin in line with previous year and targets Revenues EBITDA €109 Mn Solid Organic Growth in Q1-26 €16 Mn +18% +18% +17% 14.5% of revenues +€16 Mn vs. Q1-2025
Slide 3: KPIs: Q1-2026 by Offering
KPIs by Division (offering) reported in Q1-2026 show accelerated growth of the Top Line, especially in Software Engineering and Digital Advisory, with operating profitability in line with same period of previous year in all the divisions. _KPIs: Q1-2026 by Offering Revenues by Offering EBITDA (€mn,
Slide 4: Value creation: Q1-2026
_Value creation: Q1-2026 R&D INVESTMENTS (fully expenses in the period) € 6Mn Q1-26, +24% vs. Q1-25 SMART SOLUTIONS REVENUES € 22Mn Q1-26, +15% vs. Q1-25 INTERNATIONAL REVENUES € 16Mn Q1-26, 15% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 102Mn (Net Debt Ad
Slide 5: TXT Group's revenue incidence by Industry
TXT Group’s revenue incidence by Industry
Slide 6: Business Evolution & Subsequent Events
_Business Evolution & Subsequent Events
Slide 7: InfraWise start-up launch: AI-native infrastructure monitoring solutions
InfraWise start-up launch AI-native infrastructure monitoring solutions • On March 27, 2026, TXT announced the launch of InfraWise, a startup spin-off of Politecnico di Milano focused on AI-native technologies for monitoring and predictive management of critical infrastructures. • Combines AI algori
Slide 8: FasThink (Smart Solutions): strengthening TXT Industrial IoT capabilities
FasThink (Smart Solutions): strengthening TXT Industrial IoT capabilities • On April 1, 2026, TXT announced the acquisition of 100% of FasThink, an Industrial IoT company specialised in proprietary hardware-software solutions and IT/OT systems integration for complex industrial environments. • Enhan
Slide 9: NetMediaClick (Smart Solutions): expanding TXT's MarTech platform
NetMediaClick (Smart Solutions): expanding TXT’s MarTech platform • On May 4, 2026, TXT announced the acquisition of 100% of NetMediaClick, a MarTech company specialised in Performance Marketing, Retail Media and data-driven lead generation solutions. • Strengthens TXT’s MarTech positioning and enha
Slide 10: Expected business evolution by Division
Expected business evolution by Division • Smart Solutions: expected acceleration in growth from Q2 2026, supported by recent acquisitions (FasThink, NetMediaClick), solid momentum in Aerospace & Defence and Industrial IoT, positioning in Digital Payments, and further MarTech expansion driven by the
Slide 11: Financials
FINANCIALS
Slide 12: Profit & loss Q1-2026: EBITDA Details & Evolution
€ thousand Q1 2026 % Q1 2025 % Var % REVENUES 109,183 100 92,154 100 18.5 Direct costs 69,953 64.1 61,414 66.6 13.9 EBITDA Details & Evolution GROSS MARGIN 39,230 35.9 30,739 33.4 27.6 Research and Development costs 6,269 5.7 5,059 5.5 23.9 Commercial costs 9,664 8.9 6,069 6.6 59.2 Profit & loss Q1-
Slide 13: Profit & loss Q1-2026: EBITDA to Net Profit Bridge
€ thousand Q1 2026 % Q1 2025 % Var % EBITDA 15,778 14.5 13,343 14.5 18.3 Amortization, Depreciation & Write-offs (Excl. PPA) 3,014 4.3 2,577 4.2 16.9 OPERATING PROFIT (EBIT) ADJ. 12,764 11.7 10,766 11.7 18.6 Net Financial income/(charges) (2,741) (2.5) (1,891) (2.1) 45.0 EBITDA to Net Profit Bridge
Slide 14: Net Financial Debt: solid financial position
.000 Euro 31.03.2026 31.12.2025 Var Cash (114,403) (102,739) (11,665) Trading securities at fair value (11,197) (11,433) 236 Other Short Term Financial Assets (320) (320) - Short term Financial Debts 71,758 69,069 2,689 Short term Financial Debts (54,163 ) (45,423 ) (8,740) olid financial position N
Slide 15: Balance sheet: details
€ thousand 31.03.2026 31.12.2025 Change Intangible assets 190,154 181,473 8,680 Tangible assets 34,340 33,911 429 Other fixed assets 29,127 28,439 688 Fixed Assets 253,621 243,823 9,798 Inventories 32,751 28,638 4,114 _Balance sheet: details Trade receivables 129,615 127,493 2,122 Other short term a
Slide 16: Dividends & Shareholding
Shareholding Structure Mar. 31st, 2026* Dividends and Treasury Shares Repurchase (€m) * Latest Public Data Available as of 31 Mar. 2026 Dividends & Shareholding Treasury 18 15.4 Shares; 3% 16 L.V.O. Global Asset Laserline 14 Management S.A. SpA; 30% 12 3% 10 8.4 8 6.8 13.3 7.1 Market; 1 5.3 5.5 5.5
Slide 17: Q&A
TXT Q&A