Dexelance · MIL:DEX
Dexelance — FY2025 Earnings Presentation
24 slides from Dexelance's earnings presentation, Mar 16, 2026
Slide 1: Financial Information as at 31 December 2025
FINANCIAL INFORMATION AS AT 31 DECEMBER 2025 16 MARCH 2026 18.00 – 19.00 (CET)
Slide 2: 2025 strategic milestones: ~€62 million invested to advance aggregation strategy
2025 strategic milestones : ~€ 62 million invested to advance the Dexelance aggregation strategy and drive the next growth phase TWO ACQUISITIONS STRATEGIC DECISIONS TO STRENGTHEN GROUP’S OFFERING RELATED TO OUTSTANDING MINORITIES Unique global platform for interior design and distribution of design
Slide 3: FY 2025 highlights: M&A-driven revenue growth ~15% YoY
FY 2025 highlights : M&A - driven revenue growth ~15% YoY ; organic slowdown mainly linked to Luxury Contract 372,7 mln Full 12M25 Revenue (1) (+15.0% YoY) ↳ Organic perimeter wrt FY25 - 7.7% • Lighting and Kitchen&Systems ~ +8% • Furniture and Luxury Contract ~ - 15% • Omnichannel - go - to - marke
Slide 4: Dexelance@Events | Turri showcased at design event in Athens
Dexelance@Events |Turri showcased at a design and architecture event in Athens with Hoho Consulting Bow pouf Kyma armchair 4
Slide 5: Dexelance@Events | Saba sponsored Cinemateca film festival
Dexelance@Events | Saba sponsored “Cinemateca - Italian Archive Film Festival” furnishing Villa del Grumello in Como Anam armchair Pan Flute – bench Pan Flute armchair 5
Slide 6: Dexelance@Events | Meridiani at Downtown Design Dubai
DEXELANCE@Events | Meridiani returned to the “Downtown Design Dubai” trade fair with Caspaiou , long - standing partner of the company in the UAE Henry desk Baco poufs Jeanette soft armchair Discover the new Turri identity René sofa 6
Slide 7: Dexelance@Events | Gervasoni and Very Wood at Cruise Ship Interiors Expo
Dexelance@Events |Gervasoni and Very Wood took part at the “Cruise Ship Interiors Expo Europe 2025 ”, the leading European trade show for cruise design and outfitting Egadi21 - Very Wood Gray 22 - Gervasoni 7
Slide 8: Dexelance@Retail | Davide Groppi expands in China
DEXELANCE@Retail | Davide Groppi expands its retail presence in China with two new openings in Beijing and Shanghai “Spazio Davide Groppi” @Beijing - monobrand store by Jasming Lighting “Spazio Luce Davide Groppi” @Shanghai - branded space at Luxeon 8
Slide 9: Dexelance@Awards | Davide Groppi RIBBON lamp in ADI Design Index
DEXELANCE@Awards |Davide Groppi’s RIBBON lamp, designed by Maurici Ginés, enters the ADI Design Index 2025 shortlist for the 2026 ADI Compasso d’Oro 9
Slide 10: Dexelance@Awards | Brands recognized at Archiproducts Design Awards 2025
DEXELANCE@Awards | Multiple Dexelance brands recognized at the Archiproducts Design Awards 2025 , confirming the Group’s creative excellence TESEO table - Roda OneOff lamp - Davide Groppi Anam armchair - Saba Frank low table - Meridiani Kenoby table - Turri PHILIA sofa - Roda 10
Slide 11: Revenue breakdown by SBA
Revenue breakdown by SBA | FY 25 performance supported by strong organic growth by Lighting and Kitchen&Systems companies, alongside Mohd contribution F4Q 24 F4Q 25 (1) Δ F12M 24 F12M 25 (1) Δ Furniture 39,8 35,6 -10,5% 141,4 124,4 -12,1% Lighting 8,3 10,0 +20,6% 32,1 34,3 +7,0% Kitchen&Systems 15,5
Slide 12: Revenue breakdown by channel
Revenue breakdown by channel | Retail delivered positive performance both organically and on a full - perimeter basis ; significant Mohd contribution to Soft Contract F4Q 24 F4Q 25 (1) Δ F12M 24 F12M 25 (1) Δ Retail 43,1 66,4 +53,9% 170,4 208,4 +22,3% Soft Contract 20,5 16,5 -19,3% 62,5 88,0 +40,7%
Slide 13: Revenue breakdown by region
Revenue breakdown by region |Strong performance in all areas thanks to Mohd results and slight organic growth in Europe despite market conditions . F4Q 24 F4Q 25 (1) Δ F12M 24 F12M 25 (1) Δ Italy 20,9 24,7 +18,4% 82,6 91,8 +11,1% Europe (excl. Italy) 27,6 37,4 +35,6% 97,7 127,6 +30,7% North America
Slide 14: FY 25 financial results: one-off operating costs and operating deleverage
FY 25 financial results | One - off operating costs, along with operating deleverage, weighted on FY profitability . 4 Q margin back to double digits, marking an improvement vs . earlier quarters Profit & Loss | €mln Revenue (1) Organic Total F12M 24 % F12M 25 % - 7.7% +15.0% Revenue 324,1 100,0% 37
Slide 15: FY 25 financial results: cash flow and net financial position
FY 25 financial results | 4Q NWC normalization to neutral drives net bank debt reduction ; cash flow impacted by new M&A and minority stake acquisitions, fully in line with Dexelance’s business model Cash Flow FY 25 | €mln Net Financial Position | €mln Net bank debt FY 24 5,2 FY 24 FY 25 (2) (3) Net
Slide 16: FY 25 order intake
FY 25 order intake | Broadly positive organic trend supported by projects’ backlog ; double - digit orders growth driven by Mohd consolidation Double - digit growth 398,0 319,1 F12M 24 F12M 25 Luxury Contract Residential 16
Slide 17: Looking ahead: margin recovery through cost and capex discipline
Looking ahead : margin recovery through cost and capex discipline, supported by strong alignment between strategy and execution Mid- Term Ambition announced on 12 th Dec. 2025 Key priorities Revenue • Residential: stronger partnership with the distribution network and targeted coverage in projects •
Slide 18: Update on the announced Capital Increase
Update on the announced Capital Increase: execution confirmed and expected timing December 11 th January 20 th April 27 th May - June 2026 Capital Increase approved by the EGM: Shareholders meeting to Capital Increase approved BoD to approve Execution of the • Up to €50m – new ordinary shares ap
Slide 19: Q&A Session
Q&A SESSION
Slide 20: Annex 1: Profit & Loss reconciliation Actual vs Full Adj.
Annex 1 Profit & Loss reconciliation Actual vs Full Adj . | €mln Actual Actual Adj. Actual Actual Adj. Full Adj. (2) F12M 24 Adj. F12M 24 F12M 25 Adj. F12M 25 Full F12M 25 Revenue 324,4 (0,2) 324,1 320,2 320,2 52,5 372,7 ADJ DETAILS Other income 4,9 4,9 5,0 5,0 0,5 5,5 F12M 24 F12M 25 Total Revenue
Slide 21: Annex 2: Balance Sheet Statement
Annex 2 Balance Sheet Statement | €mln FY 24 FY 25 Intangible assets 235,5 266,6 Right of use 34,4 35,3 Property, plant and equipment 28,2 37,6 Holdings and other non-current assets 8,7 19,0 Non-current assets 306,8 358,6 Inventory 45,5 69,4 Trade receivables 41,6 34,2 Other current assets 8,8 13,0
Slide 22: Annex 3: Financial calendar and IR Contacts
Annex 3 Financial calendar and IR Contacts Date Event 27 April 2026 Shareholders’ Meeting Approval of the Annual Financial Report as at 31 December 2025 IR CONTACTS 12 May 2026 Board of Directors investors@dexelance.com Approval of the Interim Financial Information as at 31 March 2026 MARELLA MORETT
Slide 23: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared by Dexelance S .p.A . (the “Company” and together with its subsidiaries, the “Group”) for information purposes only and should not be reproduced or redistributed . The Presentation does not constitute an offer to sell or a solicitat
Slide 24: Office addresses
Italy Corso Venezia, 29 - 20121 Milano, Italy (+39) 02.83975225 China No.10, Lane 905, Huashan Road, Xuhui District , Shanghai, China (+86) 1811 5560 585 UK Unit 308 Harbour Yard, Chelsea Harbour London SW10 0XD (+44) (0) 7428382943 USA 192 Lexington Ave. New York, NY 10016, U.S.A. (+1) 929 684 9771