Slide 1: 9M25 Results Presentation
This content is classified as Internal 9M25 Results Presentation November 5th, 2025
Slide 2: Disclaimer
This content is classified as Internal Disclaimer ▪ This Presentation may contain written and oral “forward-looking statements”, which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on
Slide 3: Key messages
This content is classified as Internal Capital Markets Day Key messages scheduled for March 5th 2026 Continued delivery of Shaping Nexi for Creating value for our Shareholders profitable growth future profitable growth ▪ Revenues growing at +2.8% vs 9M24 and at ▪ Continued progress on partnership-ba
Slide 4: Focus on 9M25 results
This content is classified as Internal Focus on 9M25 results
Slide 5: Continued Revenue and EBITDA growth; 3Q25 impacted by discontinuities
This content is classified as Internal Continued Revenue and EBITDA growth. 3Q25 growth impacted by discontinuities, which are expected to slowdown throughout 2026. EBITDA margin in 3Q25 impacted by revenue mix and operating costs phasing Net Net Revenues Revenues (€M) (€M) EBITDA (€M) EBITDA margin
Slide 6: Merchant Solutions: robust underlying revenue growth
This content is classified as Internal Merchant Solutions: robust underlying revenue growth, with expected discontinuities impacting the performance Net Revenues (€M) Managed Transactions (#M) Key Highlights International +7.1% ▪ Continued International schemes 57%1 Schemes volume growth across geog
Slide 7: Issuing Solutions: growth supported by International schemes volumes
This content is classified as Internal Issuing Solutions: growth supported by International schemes volumes, success of more valuable propositions and some phasing effects Net Revenues (€M) Managed Transactions (#M) Key Highlights 32%1 International Schemes +13.0% ▪ Sustained International schemes n
Slide 8: Digital Banking Solutions: quarterly performance affected by projects phasing
This content is classified as Internal Digital Banking Solutions: quarterly performance affected by projects phasing, returning positive in FY25 Net Revenues (€M) Key Highlights ▪ Y/Y revenue growth affected by different projects phasing; expected to 10%1 revert in 4Q25 and FY25 -0.7% 276.3 274.4 ▪
Slide 9: Continued revenue growth across geographies in 9M25
This content is classified as Internal Continued revenue growth across geographies in 9M25 59%1 Italy 18%1 Nordics2 Key Highlights ▪ Italy: 9M25 revenue growth supported by International schemes volume growth and +2.7% Issuing Solutions performance despite +3.1% 1,550.7 467.0 impacts from known bank
Slide 10: Strong cost performance thanks to operating leverage and cost control
This content is classified as Internal Strong cost performance thanks to operating leverage, cost control and personnel efficiency initiatives from 2Q24. 3Q25 impacted by some negative phasing effects Total Costs (€M) Key Highlights Personnel Costs Operating Costs ▪ Continued organizational efficien
Slide 11: 2025 Guidance confirmed
This content is classified as Internal 2025 Guidance confirmed Net Low-to-mid single digit y/y growth Revenues Underlying1 growth acceleration y/y EBITDA At least 50 bps expansion y/y margin Confirmed positive EBITDA margin expansion; magnitude will depend on volume and revenue mix in 4Q25 Excess ca
Slide 12: Closing remarks
This content is classified as Internal Closing remarks
Slide 13: Key messages
This content is classified as Internal Capital Markets Day Key messages scheduled for March 5th 2026 Continued delivery of Shaping Nexi for Creating value for our Shareholders profitable growth future profitable growth ▪ Revenues growing at +2.8% vs 9M24 and at ▪ Continued progress on partnership-ba
Slide 14: Q&A
This content is classified as Internal Q&A
Slide 15: Annex
This content is classified as Internal Annex
Slide 16: Group normalised P&L at constant scope and FX
This content is classified as Internal Group normalised P&L at constant scope and FX Δ% vs. Δ% vs. 9M24 9M25 3Q24 3Q25 €M 9M24 3Q24 Merchant Solutions 1,476.6 1,516.7 +2.7% 534.2 537.2 +0.6% Issuing Solutions 817.5 851.6 +4.2% 278.5 296.8 +6.6% Digital Banking Solutions 276.3 274.4 -0.7% 98.0 93.2 -
Slide 17: Revenues gross of scheme fees, shifted to Opex
This content is classified as Internal For illustrative purpose only Revenues gross of scheme fees, shifted to Opex Δ% vs. Δ% vs. 9M25 3Q25 €M 9M24 3Q24 Merchant Solutions 2,002.0 +4.0% 729.0 +2.4% Issuing Solutions 898.4 +5.1% 314.7 +7.6% Digital Banking Solutions 274.4 -0.7% 93.2 -4.8% Operating r
Slide 18: Well diversified revenue base by business and geography
This content is classified as Internal Well diversified revenue base both in terms of business and geography at scale, with exposure to fast growing European markets 9M25 Revenues breakdown 9M25 Costs breakdown by type By business By geography By type Merchant Solutions Installed based Italy Nordics
Slide 19: Net Financial Debt / EBITDA at 2.6x, having returned 1.1 €B to shareholders
This content is classified as Internal Net Financial Debt / EBITDA at 2.6x, having already returned 1.1 €B to shareholders Net Financial Debt (€M) Key Highlights ▪ Remaining ~140 €M of 2025 debt maturities to Sept 24 Dec 24 Mar 25 Jun 25 Sept 25 be repaid in December with available cash ▪ ~300 €M sh
Slide 20: Debt maturities as of 9M25
This content is classified as Internal Debt maturities as of 9M25 Nexi Group Debt Maturity Schedule1 (€M) Term Loans Senior Notes Convertible Notes 1,750 9002 976 50 1003 ~367 €M already 1,000 1,050 1,000 reimbursed in 926 June 750 500 140 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 Note: (1)
Slide 21: Investor Relations
This content is classified as Internal Investor Relations investor.relations@nexigroup.com Stefania Mantegazza stefania.mantegazza@nexigroup.com