Aquafil Spa · MIL:ECNL
Aquafil Spa — Q1 2026 Earnings Presentation
25 slides from Aquafil Spa's earnings presentation, May 14, 2026
Slide 1: Aquafil Group 1Q 2026 Financial Results
Aquafil Group [ECNL:IM] - [ECNLF: OTCQX] 1Q 2026 Financial Results May 14, 2026
Slide 2: Key Messages
Key Messages Significant operating ✓ Continuously growing margins ✓ cash generation ✓ Volumes in line with expectations ✓ Substantial fixed cost savings 2
Slide 3: Financial Results
Financial Results Revenues EBITDA Net Result NFP 2025 2026 Δ% 2025 2026 Δ% 2025 2026 Δ% 31.12.25 31.03.26 Δ% 1Q 144,0 133,8 (7,1)% 17,1 19,8 15,8 % 0,4 1,2 (185,2)% 209,5 209,5 0,0 % % on Revenues 11,9 % 14,8 % 0,3 % 0,9 % Volumes Higher vs 1Q 2025 Improved vs 1Q 2025 Stable in line with expectation
Slide 4: Volumes and Revenues Variation by Components
Volumes (on First Grade Products, excluding commission work) +0,9% Financial compared to FY 2025 Results Revenues variation by components Index 100 Volumes and Revenues Variation by Components 1Q 2025 Volumes Price, FX & 1Q 2026 Sales Mix 4
Slide 5: Financial Results | Quantity Variations %
Financial Results | Quantity Variations % (on First Grade Products, excluding commission work) EMEA Volumes (1.2)% vs 1Q25: 1Q26 vs 1Q25 • BCF slower than 1Q25 • NTF still soft but increasing order entry • Solid EP performance USA Volumes +11.1% vs 1Q25 : • Important increase in BCF market • Strong
Slide 6: Revenues Breakdown by Product Line
Financial Results | Revenues Breakdown % by Product Line 1Q25 and 1Q26 6
Slide 7: Revenues Breakdown by Geographical Area
Financial Results | Revenues Breakdown % by Geographical Area 1Q25 and 1Q26 7
Slide 8: ECONYL Revenues on Fibers
59,1% of 1Q26 fibers revenues from ECONYL® and other regenerated fibers Financial Results 1Q25 and 1Q26 ECONYL® Revenues on fibers 8
Slide 9: P&L KPI
1Q 2025 2026 Δ% Revenues 144,0 133,8 (7,1)% Financial EBITDA 17,1 19,8 15,8 % Results % on net Sales 11,9% 14,8 % EBIT* 2,9 6,0 110,3 % P&L % on net Sales 2,0 % 4,5% KPI EBT* 1,0 1,3 20,0 % % on net Sales 0,7 % 0,9 % NET RESULT* 0,4 1,2 185,2 % % on net Sales 0,3 % 0,9 % * Include nonrecurring costs
Slide 10: Financial Results | Net Financial Position
Financial Results | Net Financial Position NFP - €/mln NFP/EBITDA NFP 209.5 €/mln on March 31, 2026 stable vs 209.5 €/mln on December 31, 2025 and improved vs 221.6 on March 31, 2025 Ratio NPF/EBITDA x2.79 on March 31, 2026 vs x2.89 on December 31, 2025 vs x3.45 on March 31, 2025 10
Slide 11: NFP evolution €/mln
Financial Results | NFP evolution €/mln 11
Slide 12: Outlook
Outlook In line with the strategic goals outlined for the current financial year, the first quarter of 2026 opened with excellent signs, confirming the validity of the direction taken. The first three months of the year show a positive operating performance, where the benefits deriving from the cost
Slide 13: Annexes
- ae A@UAFIL MIX |
Slide 14: Disclaimer
Annex - Disclaimer This presentation and any material distributed in connection herewith (together, the “Presentation”) prepared by Aquafil S.p.A. (“Aquafil” or “Company”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any
Slide 15: Definitions
Annex - Definitions “First grade revenues” are revenues generated by the sale of fibers and polymers, gross of any «FIRST GRADE adjustments (for example, discounts and allowances), but excluding revenues generated by “non-first REVENUES» grade products”, revenues generated by Aquafil Engineering Gmb
Slide 16: Sector Data – Caprolactam price evolution
Annex - Sector Data – Caprolactam price evolution €/ton Source: Tecnon OrbiChem, a ResourceWise company 16
Slide 17: Consolidated Income Statement
Annex - Consolidated Income Statement CONSOLIDATED INCOME STATEMENT First quarter of wich non- First quarter of wich non- €/000 2025 current 2026 current Revenues 144.011 0 133.751 0 of which related parties 6 5 Other Revenues 2.869 16 1.805 0 of which related parties 87 92 Total Revenues and Other
Slide 18: Consolidated Income Statement – Revenues 1Q
Annex - Consolidated Income Statement – Revenues 1Q Q1 BCF (fiber for carpet) NTF (fiber for fabrics) EP (Engineering Plastics) Other Polymers TOTAL €/mln 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% 2025 2026 Δ Δ% %25 %26 EMEA 45,9 42,9 (3,0) (6,5)% 16,4 16,0 (0,4) (2,3)% 9,8 9,9 0,2
Slide 19: EBITDA and Adjusted Operating Results
Annex - EBITDA and Adjusted Operating Results RECONCILIATION FROM NET PROFIT TO EBITDA €/000 First quarter First quarter 2025 2026 Net Profit (Including Portion Attr. to Minority) 427 1.218 Income Taxes 621 40 Investment income and charges Amortization & Depreciation 12.912 11.303 Write-downs & Writ
Slide 20: Consolidated Balance Sheet (1/2)
Annex - Consolidated Balance Sheet (1/2) CONSOLIDATED BALANCE SHEET At December 31, At March 31, €/000 2025 2026 Intangible Assets 12.009 10.878 Goodwill 14.237 14.530 Tangible Assets 197.714 201.744 Financial Assets 907 1.063 of which related parties 222 277 Investments & Equity method 1.113 1.113
Slide 21: Consolidated Balance Sheet (2/2)
Annex - Consolidated Balance Sheet (2/2) CONSOLIDATED BALANCE SHEET At December 31, At March 31, €/000 2025 2026 Share Capital 53.354 53.354 Reserves 82.598 83.704 Group Net Profit for the year ( 4.694) 1.218 Group Shareholders Equity 131.258 138.276 Net Equity attributable to minority interest 0 0
Slide 22: Consolidated Cash Flow Statement (1/2)
Annex - Consolidated Cash Flow Statement (1/2) 22
Slide 23: Consolidated Cash Flow Statement (2/2)
Annex - Consolidated Cash Flow Statement (2/2) CASH FLOW STATEMENT At March 31, At March 31, €/000 2025 2026 Investing activities Investment in Tangible Assets (3.835) (3.947) Disposal of Tangible Assets 174 72 Investment in Intangible Assets (400) (618) Disposal of Intangible Assets Reclassificatio
Slide 24: Net Financial Debt
Annex - Net Financial Debt NET FINANCIAL DEBT At December 31, At March 31, €/000 2025 2026 A. Liquidity 165.548 153.266 B. Cash and cash equivalents C. Other current financial assets 2.262 5.390 D. Liquidity (A + B + C) 167.810 158.656 E. Current financial debt (including debt instruments but exclud
Slide 25: aquafil.com econyl.aquafil.com www.dryarn.com
aquafil.com econyl.aquafil.com www.dryarn.com dryarn.com