Txt E-solutions S.p.a. · MIL:TXT
Txt E-solutions — TXT Group — H1 2026 Earnings Presentation
18 slides from Txt E-solutions's earnings presentation, Aug 6, 2026
Slide 1: TXT Group: H1-2026 Results Call with Investors
TXT Group: H1-2026 Results Call with Investors August 06 | 14:30 (CEST) Daniele MISANI, CEO Andrea FAVINI, IR
Slide 2: H1-2026 KPIs show accelerating top line growth and EBITDA margin expansion
H1-2026 KPIs show accelerating Top Line growth, with EBITDA margin expansion outperforming the strong Top Line trend Revenues EBITDA €228 Mn Solid Organic Growth in H1-26 €34 Mn +24% +21% +19% 15.0% of revenues +€35 Mn vs. H1-2025
Slide 3: KPIs: H1-2026 by Offering
KPIs by Division (offering) reported in H1-2026 show accelerated growth of the Top Line, especially in Software Engineering and Digital Advisory, with operating profitability expansion boosted by trend in Smart Solutions business. _KPIs: H1-2026 by Offering Revenues by Offering EBITDA (€mn, % on tot
Slide 4: Value creation: H1-2026
R&D INVESTMENTS (fully expenses in the period) € 13Mn H1-26, +6% vs. H1-25 _Value creation: H1-2026 SMART SOLUTIONS REVENUES € 50Mn H1-26, +14% vs. H1-25 INTERNATIONAL REVENUES € 34Mn H1-26, 15% of total revenues SUSTAINABLE DEBT (ADJUSTED) & TREASURY SHARES FOR FINANCING GROWTH € 113Mn (Net Debt Ad
Slide 5: TXT Group's revenue incidence by Industry
TXT Group’s revenue incidence by Industry
Slide 6: FY-2026 Updated Outlook
FY-2026 UPDATED OUTLOOK Acceleration towards the 2025–2027 Industrial Plan Target Pro-Forma Revenues Consolidated €0.5 Bn Consolidated Revenues EBITDA 15% Organic Growth >€470 Mn >€70 Mn FY-26 >15%
Slide 7: Business Evolution & Subsequent Events
_Business Evolution & Subsequent Events
Slide 8: Investment in TXT Digital Edge
Investment in TXT Digital Edge • Acquisition of 100% of GCI System Integrator, subsequently renamed TXT Digital Edge, an IT company specialized in networking & data centers, cybersecurity and data management, serving highly complex and regulated industries including Energy & Utilities, Telco and Ban
Slide 9: Tax position of a subsidiary
Tax position of a subsidiary • A subsidiary of TXT has completed a tax settlement (Ravvedimento Operoso) following a tax audit related to a business development initiative started in H2 2021 and fully discontinued in 2024. • Total estimated impact of €12.7m, including additional taxes, reduced penal
Slide 10: TXT among TIME's World's Growth Leaders 2026
TXT among TIME’s World’s Growth Leaders 2026 • TXT ranked #1 in Italy, #4 in Europe and #14 globally in the Technology, Media & Services sector in TIME’s World’s Growth Leaders 2026, ranking #183 globally across all sectors. • The ranking recognizes companies based on 5-year revenue growth, financia
Slide 11: MBDA Partnership: Strengthening TXT's Aerospace & Defence Hub in Turin
MBDA Partnership: Strengthening TXT’s Aerospace & Defence Hub in Turin • TXT has signed an agreement with MBDA Italia to support the strengthening and development of its strategic Turin hub. • The partnership leverages TXT’s expertise in embedded software for critical systems, systems engineering, a
Slide 12: Financials
FINANCIALS
Slide 13: Profit & loss H1-2026: EBITDA Details & Evolution
€ thousand H1 2026 % H1 2025 % Var % REVENUES 228,045 100 189,095 100 20.6 Direct costs 144,556 63.4 116,823 61.8 23.7 EBITDA Details & Evolution GROSS MARGIN 83,489 36.6 72,272 38.2 15.5 Research and Development costs 12,506 5.5 11,780 6.2 6.2 Commercial costs 21,892 9.6 19,104 10.1 14.6 Profit & l
Slide 14: Profit & loss H1-2026: EBITDA to Net Profit Bridge
€ thousand H1 2026 % H1 2025 % Var % EBITDA 34,201 15.0 27,541 14.6 24.2 D&A, Write-offs (Excl. PPA, one-off tax items) 6,419 2.8 5,041 2.7 27.3 OPERATING PROFIT (EBIT) ADJ. 27,782 12.2 22,500 11.9 23.5 Net Financial income/(charges) (4,300) (1.9) (3,810) (2.0) 12.9 EBITDA to Net Profit Bridge Share
Slide 15: Net Financial Debt: Solid financial position
.000 Euro 30.06.2026 31.12.2025 Var Cash (102,769) (102,739) (30) Trading securities at fair value (16,685) (11,433) (5,251) Other Short Term Financial Assets (320) (320) - Short term Financial Debts 78,539 69,069 9,470 olid financial position Short term Financial Debts (41,234 ) (45,423 ) 4,188 NET
Slide 16: Balance sheet: details
€ thousand 30.06.2026 31.12.20025 Change Intangible assets 199,624 181,473 18,151 Tangible assets 32,926 33,911 (985 ) Other fixed assets 22,304 28,439 (6,135 ) Fixed Assets 254,854 243,823 11,031 _Balance sheet: details Inventories 37,619 28,638 8,982 Trade receivables 133,940 127,493 6,447 Other s
Slide 17: Dividends & Shareholding
Shareholding Structure Jun. 30th, 2026* Dividends and Treasury Shares Repurchase (€m) * Latest Public Data Available as of 30 Jun. 2026 Dividends & Shareholding Treasury 18 15.4 Shares; 3% 16 L.V.O. Global Asset Laserline 14 Management S.A. SpA; 30% 12 3% 10 8.4 7.9 8 6.8 13.3 7.1 Market; 1 5.3 5.5
Slide 18: Q&A
TXT Q&A