Slide 1: 1H26 Results Presentation
This content is classified as Internal Title 1H26 Results Presentation July 29th, 2026
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: 1H26 Key highlights
1H26 Key highlights Continued delivery 1H26 Revenues at +1.0% Y/Y Stable EBITDA in 1H26 of growth 1H26 Underlying growth at +5% Y/Y Excess cash at ~400 €M in 1H26 Strategic initiatives well on track Shaping Nexi for Continued progress on the clear Organisation simplification underway future profitab
Slide 4: Nexi continues to support the Digital Euro program
Nexi continues to support the Digital Euro program, strengthening its position as a critical European payments infrastructure MEMBER OF THE DEVELOPMENT OF FIRST PARTICIPATION IN PARTICIPATION IN DIGITAL EURO DIGITAL EURO PROTOTYPE ECB’S PUBLIC TENDERS DIGITAL EURO PILOT PROJECT STAKEHOLDER GROUPS Pa
Slide 5: Focus on 1H26 results
This content is classified as Internal Focus on 1H26 results
Slide 6: Resilient underlying revenue growth and stable EBITDA in 1H26
This content is classified as Internal Resilient underlying revenue growth and stable EBITDA in 1H26, with catch-up of costs phased into 2Q26 from 1Q26. Bank contracts phasing effects in line with expectations Net revenues (€M) EBITDA (€M) EBITDA margin +5% Y/Y 53.3% 51.7% 50.6% 50.1% underlying gro
Slide 7: Merchant Solutions: gradually recovering through the semester
This content is classified as Internal Merchant Solutions: as expected, gradually recovering through the semester given phasing of bank contracts effects. Underlying revenues at +3% Y/Y Net revenues (€M) Managed Transactions (#M) International Schemes +4.1% As expected, volumes and revenues 56%1 imp
Slide 8: Issuing Solutions: growth supported by healthy volumes dynamics
This content is classified as Internal Issuing Solutions: growth supported by healthy volumes dynamics Net revenues (€M) Managed Transactions (#M) 33%1 International +9.7% Continued International schemes Schemes growth. National schemes sustained by +8.6% Nexi Bancomat processing hub ramp-up +3.0% 1
Slide 9: Digital Banking Solutions: sustained revenue growth
This content is classified as Internal Digital Banking Solutions: sustained revenue growth, thanks to volume growth and phasing of some initiatives Net revenues (€M) Continued volume growth thanks to 11%1 SEPA Clearing, Open banking, Network services and PagoPA bill payments +4.5% transactions 189 1
Slide 10: Revenue performance across geographies in 1H26
This content is classified as Internal Revenue performance across geographies in 1H26 impacted by specific effects but benefitting from Group diversification Italy Nordics 59%1 17%1 As expected, exceptional Performance affected by +0.4% bank contracts effects previously disclosed single 1,015 1,020
Slide 11: Disciplined cost execution in 1H26
This content is classified as Internal Disciplined cost execution in 1H26, notwithstanding volume and business growth, inflationary pressure and strategic investments Total Costs (€M) Personnel Costs Disciplined cost execution notwithstanding Operating Costs volume and business growth, inflationary
Slide 12: Cash Capex decreasing despite continued investments
This content is classified as Internal Cash Capex decreasing despite continued investments to support innovation, quality and IT transformation Cash Capex (€M) % of 1H25 % of 1H26 Continued reduction of total Cash Capex, net revenues net revenues down ~3% y/y in 1H26, thanks to continued focus on Ca
Slide 13: Strong excess cash generation in 1H26
This content is classified as Internal Strong excess cash generation in 1H26 Excess cash generation1(€M) 872 -168 -75 -91 538 -21 -1.8% y/y -85 -33 400 1H26 Reported Cash Capex Non-recurring ∆ NWC Operating Cash Taxes Net Financial Other Cash Excess Cash EBITDA cash items Cash Flow Cash Expenses ite
Slide 14: 2026 guidance confirmed
This content is classified as Internal 2026 guidance confirmed Net Y/Y growth broadly in line with 2025 Revenues Merchant Solutions reaccelerating Absolute amount broadly stable, EBITDA after strategic investments ~750 €M, Excess cash1 after strategic investments and higher taxes Capital 0.30 € per
Slide 15: Q&A
This content is classified as Internal Q&A
Slide 16: Annex
This content is classified as Internal Annex
Slide 17: Group P&L
This content is classified as Internal Group P&L 1H25 1H26 Δ% vs. 1H25 2Q25 2Q26 Δ% vs. 2Q25 €M Merchant Solutions 984 976 -0.8% 523 522 -0.2% Issuing Solutions 555 571 +3.0% 289 293 +1.5% Digital Banking Solutions 181 189 +4.5% 94 100 +6.0% Net revenues 1,719 1,736 +1.0% 906 915 +1.0% Personnel Cos
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 1H26 Revenues breakdown 1H26 Costs breakdown by type By business By geography By type Merchant Solutions Italy Nordics Installed based
Slide 19: Net Financial Debt / EBITDA at 2.7x
This content is classified as Internal Net Financial Debt / EBITDA at 2.7x Net Financial Debt (€M) Lower gross financial debt after the Jun 25 Sept 25 Dec 25 Mar 26 Jun 26 reimbursement of ~1 €B of debt maturities with available cash Gross Financial Debt 7,108 6,937 6,788 6,801 5,903 ~350 €M dividen
Slide 20: Bridge from Reported EBITDA to Normalised Net Profit
This content is classified as Internal Bridge from Reported EBITDA to Normalised Net Profit €M 872 -443 o/w ~12 €M -104 severance -28 354 60 -9 0 -60 218 -150 115 0 -2 1H26 D&A Interest Non Taxes Minorities 1H26 At D&A ∆ Interest Non ∆ Taxes Net 1H26 Reported Expenses recurring Reported constant cus
Slide 21: Bridge from excess cash to cash flow of the period
This content is classified as Internal Bridge from excess cash to cash flow of the period €M 400 -911 -352 -182 -1,044 1H26 Excess Cash Δ Debt Δ Equity Net M&A Cash Flow of the period 21
Slide 22: Debt maturities as of 1H26
This content is classified as Internal Debt maturities as of 1H26 Nexi Group Debt Maturity Schedule1 (€M) Term Loans Senior Notes Convertible Notes 1,741 9002 100 913 1,000 1,050 1,000 750 already 500 reimbursed in April 2024 2026 2027 2028 2029 2030 2031 2032 2033 Note: (1) Expressed at nominal val
Slide 23: Investor Relations
This content is classified as Internal Investor Relations investor.relations@nexigroup.com Stefania Mantegazza stefania.mantegazza@nexigroup.com