Slide 1: 1H2026 Financial Report
1H2026 FINANCIAL REPORT (2&reDue
Slide 2: Presenters: CEO, Chairman, Investor Relations Officer
FRANCESCA BARONTINI Chief Executive Officer ENRICO D’ANGELO Chairman ELIANA BOLLINO Investor Relator Officer
Slide 3: Three Strategic Pillars
THREE STRATEGIC PILLARS NEXUS INDUSTRIAL LAB
Slide 4: Products Portfolio
PRODUCTS PORTFOLIO
Slide 5: Reliability, Technology Leader, Tailor Made
RELIABILITY Our reliability is built on robust solutions, proven technologies, and rigorously tested processes, ensuring consistent performance, operational safety, and long-term dependability. Scalable by design, our solutions enable flexible deployment and seamless expansion across a wide range of
Slide 6: Vertically Integrate Business
VERTICALLY INTEGRATE BUSINESS All design and manufacturing know-how is in-house. ErreDue's production department is able to produce gas generators of different sizes and related accessories in a short time. ELECTORLYTIC STACKS 1 METAL SHELL ELECTRIC SYSTEM 2 5 4 3 PROCESS SOFTWARE COMPONENTS
Slide 7: Industrial e Lab Applications
INDUSTRIAL e LAB APPLICATIONS
Slide 8: Energy Transition Application
ENERGY TRANSITION APPLICATION
Slide 9: Financial Key Factors 1H2026
FINANCIAL KEY FACTORS 1H2026
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS +96.7% €14.21M VS €7.22M SALES REVENUES VALUE OF PRODUCTION +90.2% €17.02M VS €8.95M +127% EBITDA EBITDA MARGIN €4.11M VS €1.81M | 28.9% EBIT +263.4% €3.16 M VS €0.87™M
Slide 11: Sales Revenues Breakdown
SALES REVENUES BREAKDOWN 1H2026 BY PRODUCT BY BUSINESS AREA 0.3% Hydrogen and Energy transition other products €8.08M €10.7M 15.8% 75.9% 9,8% 9.8% 75.4% 15,8% Industrial Assistance and €1.17M 14.9% 14,9% spare parts 10.9% €2.1M 14.8% Laboratory €1.46M Generator 83,9% 75,4% activities 13.6% 75.4% 83.
Slide 12: Recurring Revenues
RECURRING REVENUES AFTER MARKET 1H2026 • Highly specialised Technical Department takes care of clients along all the journey, from plant design to 1H Comparison (EM) & Growth Analysis installation, and keeps following it in the after marke. • Generators can only and exclusively be maintained by Erre
Slide 13: Financial KPI
FINANCIAL KPI 1.Capex (M) 3. Roic (M) 25% 2,04 19% 7.33 28% 20% 14,9 24.9 4.7 4.37 19.8 14.6 14.9 2.4 0.08 0.04 0.0 6.3 4.1 3.0 3.8 3. Trade Working Capital (M) 4. Cash & Cash Equivalents vs Financial Debt (M) 0 7.3 17.3 6,3 5.2 4,1 3,8 14.6 10.8 16.3 4.4 5.66 5.8 6.89 27.0 4.8 23.8 3.8 22.7 19.0 7.
Slide 14: Strategic Growing
STRATEGIC GROWING NEW PRODUCTION SITE 60 4 17.000sqm plants per year production lines new area increasing to 27.000 sqm total area FOREIGN EXPANSION • It's scouting opportunity in Europe and discussing partnership agreement with company in Spain, Portugal and France
Slide 15: Strategic Market Initiative: Global Expansion
STRATEGIC MARKET INITIATIVE: GLOBAL EXPANSION Leveraging increased production capability to capture international demand and consolidate market leadership. EXTRA-EU SALES GLOBAL ALLIANCES ACCELERATION & DISTRIBUTION Active partnership agreements and commercial scouting across Western +104.9% YoY gro
Slide 16: Market Overview: Energy Transition & Hydrogen Ecosystem
MARKET OVERVIEW: ENERGY TRANSITION & HYDROGEN ECOSYSTEM Hydrogen as the core vector for industrial decarbonization and renewable energy integration. WATER ELECTROLYSIS COMPRESSION STORAGE RENEWABLE ENERGY (PEM & ALKALINE) MOBILITY & ENERGY STORAGE & HEAVY TRANSPORT GRID SERVICES INDUSTRY Powering he
Slide 17: H2 Policy Approaches: European Mandates & IPCEI
H2 POLICY APPROACHES: EUROPEAN MANDATES & IPCEI Financial frameworks and binding targets driving demand for European-made electrolyzers. NATIONAL & EUROPEAN TARGETS PNRR and M.A.S.E. funding delivered in 1H2026; 5 5 MW MW-scale units were delivered in 1H2026 in line 2026 deadlines. IPCEI & HYDROGEN
Slide 18: Global Hydrogen Policy Comparison
GLOBAL HYDROGEN POLICY COMPARISON IEA-style comparison of policy targets, funding mechanisms, and ErreDue positioning. REGION / MARKET 2030 TARGET OR DIRECTION POLICY / SUBSIDY MECHANISM IMPLICATION FOR ERREDUE EU policy framework and funding Aligned with EU priorities; EU 2030 decarbonization EUROP
Slide 19: H2 Policy Approaches: Financial Incentives & Geo-Strategy
H2 POLICY APPROACHES: FINANCIAL INCENTIVES & GEO-STRATEGY CONTRACTS FOR EFFICIENCY-DRIVEN GEOPOLITICAL DIFFERENCE (CFD) SCHEMES INDEPENDENCE
Slide 20: ErreDue Competitive Advantage & Technology Leadership
ERREDUE COMPETITIVE ADVANTAGE & TECHNOLOGY LEADERSHIP Proprietary hybrid technology delivering unbeatable energy efficiency and gas purity. SATURN NITROGEN GENERATORS MEGAWATT GREEN HYDROGEN (ULTRA-PURE N₂) ELECTROLYSERS (PEM & ALKALINE) PROPRIETARY HYBRID TECH Combines PSA with hydrogen purificatio
Slide 21: Market Overview: Laboratory Division
MARKET OVERVIEW: LABORATORY DIVISION Fast-growing market segment with global expansion potential. MARKET DYNAMICS Global Laboratory Instruments Market projected to reach USD 69.12 Billion by 2033 (5.3% CAGR 2026-2033). ERREDUE PERFORMANCE (1H2026) Revenue half of 2026 versus the previous semester, c
Slide 22: Thanks for Attention
THANKS FOR ATTENTION