Slide 1: Xaar 2026 Interim Results
Xaar 2026 Interim Results 4th August 2026 John Mills – Chief Executive Officer Paul James – Chief Financial Officer
Slide 2: Highlights
Highlights Group revenue Further progress Gross margin Desktop 3D: Printhead up 9.2% like for in new improvement of Pre-launch revenue up 5.5% like applications 2.2pps manufacturing Percentages are calculated based on rounded figures and therefore may differ from percentages calculated on unrounded
Slide 3: Business Fundamentals
Business Fundamentals Drives value through technical innovation Robust technical differentiation − Unique piezo drop-on-demand architecture − Delivers wider operating window − Increased uptime in industrial environments Based on clear intellectual property − 147 patents − Printhead manufacturing kno
Slide 4: Business Fundamentals
Business Fundamentals Manage route-to-market steps and builds revenue streams Route to market can be complex − Multi-step qualification − Often requires applications development − Difficult to predict timing of new business projects But complexity breeds competitive advantage − Switching costs high
Slide 5: Financial Summary
Financial Summary vs H1 2025 Group Revenue 1 Printhead Revenue Megnajet Revenue EPS Revenue £29.7m £21.0m £1.4m £7.3m 9.2% 5.5% 27.3% 15.9% Adjusted Profit Before Tax 1 Adjusted Earnings Per Share 1 Net (Debt)/Cash Adjusted Free Cash Flow £0.2m 0.3p (£0.1m) (£4.3m) 128.6% 142.9% -102.0% -126.3% 1 Fr
Slide 6: Divisional Performance
Divisional Performance Printhead Megnajet EPS Continuing growth momentum in new markets Scaling pipeline and OEM engagement Turnaround underway, operational improvements working 2026 2025 Var 2026 2025 Var 2026 2025 Var H1 £m H1 £m % H1 £m H1 £m % H1 £m H1 £m % Revenue 21.0 19.9 5.5 Revenue 1.4 1.1
Slide 7: Adjusted Income Statement
Adjusted Income Statement 2026 H1 2025 H1 Var From continuing operations £m £m % Revenue 29.7 27.2 9.2 Gross Margin (%) 38.7 36.5 2.2pps Total OPEX 11.1 10.5 5.7 aEBITDA 1.7 0.8 112.5 aPBT 0.2 (0.7) 128.6 aEPS (p) 0.3 (0.7) 142.9 Percentages are calculated based on rounded figures and therefore may
Slide 8: Cash Flow
Cash Flow 2026 H1 2025 H1 Var £m £m % aPBT 0.2 (0.7) 128.6 Movement in Working Capital (3.4) (0.5) (580.0) Add back non-cash items included in aPBT (e.g. depreciation) 1.8 1.4 (25.0) Adjusted Cash Generated from OPs (1.4) 0.2 (800.0) Capex (PPE and Intangibles) (2.4) (1.3) (84.6) Lease payments (0.5
Slide 9: Business Model
Business Model Strategy Execution Strategic Purpose: The development of differentiated Develop applications with structural long-term growth inkjet printing businesses for the benefit of all drivers: digital manufacturing and process waste stakeholders reduction Make product development a core busin
Slide 10: Business Development
Business Development Routes to market: − OEMs − User Developer Integrators − Halo partnerships for new applications Four phases of development: 1-5 years; >70% attrition: − Ink development − Machine development − Customer accreditation − Launch Recent significant projects: PCB Conformal Coating Cera
Slide 11: Full Turnkey Solution
Full Turnkey Solution Reduces development time and adds incremental revenue streams Fluid Electronics Printbar & Printheads Fluids management Support & datapath Print engines systems Full range of Partnerships with Xaar branded Fluid management Turnkey label Full worldwide printheads offering all ma
Slide 12: Build on Legacy into Growing Markets
Build on Legacy into Growing Markets Where technical differentiation offers greatest value Ceramics and Glass C&M and DTS WFG & Labels 3D and Adv Man Packaging and Textiles Mature market Mature market Future growth market High growth market High growth market +11.1% -8.5% +8.3% +28.4% -53.8% 2025 H1
Slide 13: Summary and Outlook
Summary and Outlook Demand across our Desktop 3D: Broadened revenue core and emerging Board looks forward Receipt of initial streams and building applications with confidence printhead orders annuity demand continues to grow Half Year Results 2026 13
Slide 14: Thank you
Thank you Xaar Proprietary Information