Tecma Solutions Spa · MIL:TCM
Tecma Solutions Spa — H1 2026 Earnings Presentation
26 slides from Tecma Solutions Spa's earnings presentation, Sep 10, 2026
Slide 1: H1 2026 results
H1 2026 results INVESTOR PRESENTATION MILAN | 10 T H SEPTEMBER 2026
Slide 2: Disclaimer
Disclaimer This document has been prepared by TECMA Solutions S.p.A. (the “Company”) for information purpose only, it contains only summary information and, ther efore, it is preliminary in nature. Furthermore it has been drafted without claiming to be exhaustive. This presentation (“Pr esentation”)
Slide 3: Agenda
H1 2026 Results AGENDA 01. H1-2026 IN A NUTSHELL 02. OPERATIONAL HIGHLIGHTS 03. FINANCIAL OVERVIEW 04. LOOKING FORWARD APPENDIX
Slide 4: H1 2026 in a nutshell
01 H1 2026 IN A NUTSHELL _Business Highlights
Slide 5: H1-2026: Business Highlights
H1-2026: BUSINESS HIGHLIGHTS Executing the strategic transition while preserving margins, improving efficiency and strengthening financial discipline H1-2026 IN A NUTSHELL 01 Business Highlights (15)% Consolidated revenues in H1-26 vs. H1-25 1 Recurring License revenues +7.9% in H1-26 vs. H1-25 2 7.
Slide 6: Operational Highlights
02 OPERATIONAL HIGHLIGHTS _Market Environment _Business Highlights _Tech Highlights _Platform Business Model
Slide 7: TECMA's key reference markets
TECMA’S KEY REFERENCE MARKETS OPERATIONAL HIGHLIGHTS Key residential markets show signs of stabilisation 01 Market Environment Italy: new homes sales US: new Residential Sales* Dubai: homes sold off-plan 02 Business Highlights (‘000 of residential units) (‘000 of residential units) (‘000 of resident
Slide 8: International growth under pressure
INTERNATIONAL GROWTH UNDER PRESSURE OPERATIONAL HIGHLIGHTS TECMA’s International business declined by 19% in H1-26 MIDDLE-EAST €1.8M 01 Market Environment 02 Business Highlights 03 Tech Highlights 04 Platform Business Model (22)% H1-26 revenues (growth H1-26 vs. H1-25) €2.3M c. 43% UNITED STATES On
Slide 9: TECMA continues to grow and diversify its commercial base
TECMA CONTINUES TO GROW AND DIVERSIFY ITS COMMERCIAL BASE OPERATIONAL HIGHLIGHTS Value of the assets using TECMA’s Technology Residential units track-record (Cumulated value in € millions - Worldwide) (Cumulated # of residential units - Worldwide) 01 Market Environment 02 Business Highlights 03 Tech
Slide 10: Increasing penetration of TECMA's B2B2C software solutions
INCREASING PENETRATION OF TECMA’s B2B2C SOFTWARE SOLUTIONS OPERATIONAL HIGHLIGHTS Residential units active through Users registered on Online quotations 01 Market Environment “full-scope” software platform TECMA’s online platforms completed by users 02 Business Highlights (Cumulated # of residential
Slide 11: SaaS revenues remain resilient at structurally high levels
SaaS REVENUES REMAIN RESILIENT AT STRUCTURALLY HIGH LEVELS H1-2026 SaaS-based revenues and ARR remained broadly stable versus the strong H1-2025 base, confirming the increased OPERATIONAL HIGHLIGHTS weight of recurring and software-driven revenues in the Group’s business mix 01 Market Environment 02
Slide 12: Commercial activity increasingly driven by add-on opportunities
COMMERCIAL ACTIVITY INCREASINGLY DRIVEN BY ADD-ON OPPORTUNITIES New project volumes remained resilient in H1-2026, while a growing contribution from add-on contracts supported a significant OPERATIONAL HIGHLIGHTS increase in value generated from the existing client base 01 Market Environment N° of n
Slide 13: TECMA Platform Business Model
TECMA PLATFORM BUSINESS MODEL data based on consolidated revenues H1-26 OPERATIONAL HIGHLIGHTS 01 Market Environment 02 Business Highlights 03 Tech Highlights 04 Platform Business Model #1 Point of View Business&Revenue Model Client Subscription Mean Client Recurring Purchaise Mean Annual Client Val
Slide 14: Financial Overview
03 FINANCIAL OVERVIEW _H1 2026 Highlights _P&L _Net cash position _Cash flow bridge
Slide 15: H1 2026 Highlights
H1 2026 HIGHLIGHTS Top-line contraction, alongside a broadly stable profitability FINANCIAL OVERVIEW 01 H1 2026 Highlights Top line metrics Profitability metrics Balance sheet metrics 02 P&L 03 Net Financial Position €6.2M €3.6M €2.0M 04 Cash Flow Bridge Value of Gross margin Net debt / production (
Slide 16: P&L Highlights
P&L HIGHLIGHTS FINANCIAL OVERVIEW Value of production Gross margin from Operations* Core EBITDA 01 H1 2026 Highlights (Figures in € million) (Figures in € million) (Figures in € million) 02 P&L 03 Net Financial Position 04 Cash Flow Bridge non core R&D + Operations License revenues reached €0.6M, up
Slide 17: P&L Highlights by Semester
P&L HIGHLIGHTS BY SEMESTER Despite softer revenues, productivity per FTE remained resilient while Adjusted CORE EBITDA stayed positive, reflecting the FINANCIAL OVERVIEW benefits of the Group’s leaner cost structure 01 H1 2026 Highlights 02 P&L 03 Net Financial Position 04 Cash Flow Bridge Revenues
Slide 18: Net Financial Position
NET FINANCIAL POSITION FINANCIAL OVERVIEW As of 30 Jun 2026 As of 31 Dec 2025 01 H1 2026 Highlights (Figures in € million) (Figures in € million) 02 P&L 03 Net Financial Position 04 Cash Flow Bridge €2.3M overall liquidity available €3.6M overall liquidity available (0.3) Mid-term liquid investments
Slide 19: Cash Flow Bridge Analysis
CASH FLOW BRIDGE ANALYSIS Consolidated data in Euro millions FINANCIAL OVERVIEW Liquid / disposable c. €0M €2.3M 01 H1 2026 Highlights investments unlevered cash flow 02 P&L 0.5 03 Net Financial Position liquidity 04 Cash Flow Bridge available Liquid / disposable investments 0.3 Unlevered cash flow
Slide 20: Looking Forward
04 LOOKING FORWARD _FY 2026 Guidance
Slide 21: FY 2026 Results Guidance
FY 2026 RESULTS GUIDANCE LOOKING FORWARD Top-line 01 FY 2026 Guidance 02 FY 2026 Guidance_review Nearly in line with 2025 Core vs. 2025 Revenues Profitability Slight improvement Core vs. 2025 EBITDA It should be noted that the Italian real estate market is currently experiencing a significant slowdo
Slide 22: FY 2026 Results Guidance
FY 2026 RESULTS GUIDANCE LOOKING FORWARD Top-line 01 FY 2026 Guidance 02 FY 2026 Guidance_review ~ (15)% vs. 2025 Value of Production Operations Profitability ~ (15)% EBITDA vs. 2025 Operations The guidance revision reflects the weaker-than-expected performance recorded in H1 2026, particularly in I
Slide 23: Appendix – Complete Financial Results
APPENDIX – Complete Financial Results
Slide 24: H1-2026 Results Consolidated: Profit & Loss, Balance Sheet & Cash Flow
H1-2026 RESULTS CONSOLIDATED PROFIT & LOSS BALANCE SHEET & CASH FLOW Data in Euro thousands, unless otherwise stated Data in Euro thousands, unless otherwise stated H1 2026 H1 2025 H1 2026 FY 2025 H1 2026 FY 2025 Revenues 5.389 6.354 Intangible assets 2.189 2.391 Share capital 1.094 1.094 Capitalize
Slide 25: Profit & Loss by Segment
H1-2026 RESULTS CONSOLIDATED PROFIT & LOSS BY SEGMENT Data in Euro thousands, unless otherwise stated 6 months ending on 30/06/2026 6 months ending on 30/06/2025 Delta H1 2026 vs. H1 2025 Operations R&D Core Non-core Total Operations R&D Core Non-core Total Operations R&D Core Non-core Total Net rev
Slide 26: Thank you
THANK YOU