Slide 1: TXT Group: FY-2025 Results Call with Investors
TXT Group: FY-2025 Results Call with Investors March 13 | 11:00 (CET) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: Confirmed FY-2025 Results: Significant EBITDA margin expansion
Confirmed FY-2025 Results: Significant EBITDA margin expansion outperforming targets, with revenue growth meeting guidance Revenues EBITDA €394 Mn Solid Organic Growth in FY-25 €60 Mn +53% +29% +12%* 15.2% of revenues +€37 Mn vs. FY-2024 * Organic growth normalized by excluding from 2024 perimeter t
Slide 3: Record bottom-line performance in FY 2025 supporting increased dividend proposal
Operating success translates into record bottom-line performance in FY 2025, with EBIT and Net Profit figures supporting an increased dividend proposal EBIT ADJ (Op. Profit) * Net Profit ADJ * Dividend (consolidated) (consolidated) (proposal) €47.8 Mn* €34.5 Mn €0.35/share Equal to 12.1% of revenues
Slide 4: Value creation: FY-25
R&D INVESTMENTS (fully expenses in the period) € 23Mn FY-25, +56% vs. FY-24 _Value creation: FY-25 SMART SOLUTIONS REVENUES € 93Mn FY-25, +45% vs. FY-24 INTERNATIONAL REVENUES € 65Mn 16% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 99Mn (Net Debt Adjusted) -
Slide 5: TXT Group's revenue incidence by Industry
TXT Group’s revenue incidence by Industry * Decrease in Telco business driven by suspension of 2024 one-off activities for €12Mn. Normalized growth is flat
Slide 6: FY-2026 Guidance
FY-2026 GUIDANCE In line with 2025-2027 Industrial Plan EBITDA (Like-for-Like) EBITDA to be consolidated from >€65 Mn Organic Revenue new M&A >€6 Mn Growth ~10% 12%-15% of revenues pre- synergies ~€ 40 Mn
Slide 7: Business Evolution & Subsequent Events
_Business Evolution & Subsequent Events
Slide 8: New horizons for Smart Solutions in Flight Operation domains: SmartRoutes acquisitions
New horizons for Smart Solutions in Flight Operation domains: SmartRoutes acquisitions and new major contracts in the US • On February 27, 2026, TXT Group completed the acquisition of the SmartRoutes® division from Nexteon Technologies through its U.S. subsidiary PACE America, securing ownership of
Slide 9: Futura Innovation Lab ready to be launched
Futura Innovation Lab ready to be launched • On March 25, 2026, TXT Group and Politecnico di Torino (POLITO) will open Futura Innovation Lab, a joint innovation ecosystem aimed at strengthening collaboration between industry and academia in advanced digital technologies and aerospace research. • Bas
Slide 10: Financials
FINANCIALS
Slide 11: Profit & loss FY-2025: EBITDA Details & Evolution
€ thousand 31.12.2025 % 31.12.2024 % Var % REVENUES 394,330 100 304,545 100 29.5 EBITDA Details & Evolution 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 Pr
Slide 12: Profit & loss FY-2025: EBITDA to Net Profit Bridge
€ thousand 31.12.2025 % 31.12.2024 % Var % 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 Bridge S
Slide 13: Profit & loss Q4-2025
€ thousand Q4 2025 % Q4 2024 % Var % REVENUES 112,831 100 84,981 100 32.8 Direct costs 69,208 61.3 54,337 63.9 27.4 GROSS MARGIN 43,623 38.7 30,644 36.1 42.4 Research and Development costs 5,494 4.9 4,415 5.2 24.4 Commercial costs 11,485 10.2 8,493 10.0 35.2 General and Administrative costs 7,742 6.
Slide 14: Net Financial Debt: solid financial position
.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 posit
Slide 15: Net Financial Debt Adjusted Bridge
Free Cash Flow / EBITDA: 50% NET Financial Debt Adjusted Operating Cash Flow / EBITDA: 75% 60 -6 -9 € million -6 -3 -7 -6 -4 3 -3 -91 -99 -30 -1 4 ridge:
Slide 16: Balance sheet: details
€ thousand 31.12.2025 31.12.20024 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 Inventories 28,638 23,737 4,901 _Balance sheet: details Trade receivables 127,493 114,054 13,439 Other shor
Slide 17: Dividends & Shareholding
Shareholding Structure Dec. 31st, 2025* Dividends and Treasury Shares Repurchase (€m) * Latest Public Data Available as of 31 Dec. 2025 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 18: Q&A
TXT Q&A