Slide 1: H1 2025 results
H1 2025 results INVESTOR PRESENTATION MILAN | 26 SETTEMBRE 2025
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 2025 Results AGENDA 01. ABOUT TECMA 02. H1-2025 IN A NUTSHELL 03. OPERATIONAL HIGHLIGHTS 04. FINANCIAL OVERVIEW 05. LOOKING FORWARD APPENDIX
Slide 4: About TECMA
01 ABOUT TECMA _Mission _Technology _Application Fields _Disruptive Vision
Slide 5: Tech Company Mission
Tech Company Mission developing Commercial Platforms to digitalize and for Real Estate Business, since 2012. accelerate property Sales & Rent. ABOUT TECMA 01 Mission 02 Technology 03 Application Fields 04 Disruptive Vision BUINESS | BEAUTY
Slide 6: B2B2C Platforms for Digital Real Estate
B2B2C PLATFORMS FOR DIGITAL REAL ESTATE Software-based platforms able to increase Revenues, reduce Costs and speed up Sales and Rents ABOUT TECMA 01 Mission 02 Technology 03 Application Fields 04 Disruptive Vision + Software Hardware Digital Contents CLOUD APPLICATIONS DIGITAL DEVICES & CONCEPT STOR
Slide 7: Main Business Lines
MAIN BUSINESS LINES Digital Development & Digital Asset Management ABOUT TECMA 01 Mission The Digital Platforms developed by TECMA enable 360° management of the business generation process 02 Technology for both greenfield and brownfield development projects, empowering the industry players to 03 Ap
Slide 8: Main Asset Classes
MAIN ASSET CLASSES From residential to commercial asset classes ABOUT TECMA 01 Mission Originally developed for the Residential Property Market, the full-scale technology solutions developed by TECMA are being progressively adapted 02 Technology and rolled-out for the Commercial Property Markets (Of
Slide 9: TECMA's Unique Approach
TECMA’S UNIQUE APPROACH Disruptive Vision ABOUT TECMA 01 Mission Generally, PropTech Companies Business Model DISRUPTIVE VISION 02 Technology mainly focus on “costs”, enhancing operational Value Creation & Risk Mitigation 03 Application Fields efficiency and “after-sale/rent” management 04 Disruptiv
Slide 10: H1 2025 in a Nutshell
02 H1 2025 IN A NUTSHELL _Business Highlights _Main Achievements
Slide 11: H1-2025: Business Highlights
H1-2025: BUSINESS HIGHLIGHTS Delivering strategy despite a complex market environment H1 2025 IN A NUTSHELL 01 Business Highlights 02 Main Achievements Enhancement of additional services to create added value for customers and strengthen the competitive position in the market 1 Continuing push on in
Slide 12: H1-2025: Main Achievements
H1-2025: MAIN ACHIEVEMENTS Revenues growth and positive EBITDA H1 2025 IN A NUTSHELL 01 Business Highlights 02 Main Achievements +1% growth in revenue from operations in H1 2025 vs. H1 2024 Sustained growth recorded in recurring digital services (+335%). 1 +22% international revenues in H1 2025 vs.
Slide 13: Operational Highlights
03 OPERATIONAL HIGHLIGHTS _Market Environment _Business Highlights _Tech Highlights _Platform business model
Slide 14: Still a slow residential market in TECMA's reference markets
STILL A SLOW RESIDENTIAL MARKET IN 2 OUT OF 3 OF TECMA’S REFERENCE MARKETS OPERATIONAL HIGHLIGHTS Residential sales still far from recovering both in Italy as well as in the US 01 Market Environment 02 Business Highlights 03 Tech Highlights In the first half of 2025, the Italian residential real In
Slide 15: Focus on Italian Residential Market
FOCUS ON ITALIAN RESIDENTIAL MARKET OPERATIONAL HIGHLIGHTS The crash of New Developments 01 Market Environment 02 Business Highlights Construction Sites Started and Real Estate Transactions (H1 03 Tech Highlights 2025 and 2024 Final Data) 04 Platform Business Model In the first half of 2025, there i
Slide 16: Continuing International Growth
CONTINUING INTERNATIONAL GROWTH OPERATIONAL HIGHLIGHTS +22% progression of TECMA’s International business in H1-2025 MIDDLE-EAST €2.6M c. 36% €2.4M 01 Market Environment 02 Business Highlights 03 Tech Highlights 04 Platform Business Model On total +57% H1-2025 revenues +22% International revenues We
Slide 17: 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 18: 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 19: License Revenue Model Fostering ARR
LICENSE REVENUE MODEL FOSTERING “ARR” New license-based revenue model gradually replacing highly volatile “Revenue Fee” format OPERATIONAL HIGHLIGHTS 01 Market Environment Annualized Recurring Revenues (ARR) 02 Business Highlights (Contractualised ARR - Figures in €) €1.7M 03 Tech Highlights 04 Plat
Slide 20: Top-line granularity supporting revenue resilience
TOP-LINE GRANULARITY SUPPORTING REVENUE RESILIENCE Tech-driven platforms trigger a lower average contract value easing market penetration and up-selling OPERATIONAL HIGHLIGHTS 01 Market Environment N° of new contracts/projects Average revenues per new contract 02 Business Highlights (# of contracts
Slide 21: TECMA Platform Business Model
TECMA PLATFORM BUSINESS MODEL data based on consolidated revenues FY 2024 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 V
Slide 22: Financial Overview
04 FINANCIAL OVERVIEW _H1 2025 Highlights _P&L _Net cash position _Cash flow bridge
Slide 23: H1 2025 Highlights
H1 2025 HIGHLIGHTS Outstanding growth in international business and stable operational profitability FINANCIAL OVERVIEW 01 H1 2025 Highlights Top line metrics Profitability metrics Balance sheet metrics 02 P&L 03 Net Financial Position €7.5M €4.2M €2.2M 04 Cash Flow Bridge Value of Gross margin Net
Slide 24: P&L Highlights
P&L HIGHLIGHTS FINANCIAL OVERVIEW Value of production Gross margin from Operations* Core EBITDA 01 H1 2025 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 (+4
Slide 25: P&L Highlights by Semester
P&L HIGHLIGHTS BY SEMESTER Stable revenues due to market diversification, with EBITDA remaining almost unchanged thanks to continuous efficiency FINANCIAL OVERVIEW improvements. 01 H1 2025 Highlights 02 P&L Revenues from Operations Core EBITDA 03 Net Financial Position (Figures in € million) (Figure
Slide 26: Net Financial Position
NET FINANCIAL POSITION FINANCIAL OVERVIEW As of 30 Jun 2025 As of 31 Dec 2024 01 H1 2025 Highlights (Figures in € million) (Figures in € million) 02 P&L 03 Net Financial Position 04 Cash Flow Bridge €3.4M overall €4.3M overall liquidity available liquidity available (0.5) Mid-term liquid (0.5) inves
Slide 27: Cash Flow Bridge Analysis
CASH FLOW BRIDGE ANALYSIS Consolidated data in Euro millions FINANCIAL OVERVIEW 01 H1 2025 Highlights €3.4M 02 P&L Liquid / disposable liquidity investments 03 Net Financial Position 0.5 available 04 Cash Flow Bridge Liquid / disposable investments 0.5 Positive cash flow from operations driven by pr
Slide 28: Looking Forward
05 LOOKING FORWARD _FY 2025 Guidance
Slide 29: FY 2025 Results Guidance
FY 2025 RESULTS GUIDANCE LOOKING FORWARD 01 FY 2025 Guidance Top-line In line with 2024 Core vs. 2024 Revenues Profitability Slight contraction BUINESS | BEAUTY Core vs. 2024 EBITDA
Slide 30: Thank You
THANK YOU
Slide 31: Annex – Complete Financial Results
ANNEX 1 – Complete Financial Results
Slide 32: H1-2025 Results Consolidated
H1-2025 RESULTS CONSOLIDATED PROFIT & LOSS BALANCE SHEET & CASH FLOW Data in Euro thousands, unless otherwise stated Data in Euro thousands, unless otherwise stated H1 2025 H1 2024 H1 2025 FY 2024 H1 2025 FY 2024 Revenues 6.354 6.706 Intangible assets 2.257 2.891 Share capital 1.094 1.094 Capitalize
Slide 33: Profit & Loss by Segment
H1-2025 RESULTS CONSOLIDATED PROFIT & LOSS BY SEGMENT Data in Euro thousands, unless otherwise stated 6 months ending on 30/06/2025 6 months ending on 30/06/2024 Delta H1 2025 vs. H1 2024 Operations R&D Core Non-core Total Operations R&D Core Non-core Total Operations R&D Core Non-core Total Net rev