Slide 1: Next-generation internet infrastructure – Earnings call H1 2026
Next-generation internet infrastructure Earnings call – H1 2026
Slide 2: Main KPIs – H1 2026
Main KPIs – H1 2026 REVENUE RECURRING EBITDA REVENUE €22,8M €6,4M Adj. 2026: €6,7M €20,1M (H1 25) 92% €6,7M (H1 25) NET FINANCIAL EBITDA NET PROFIT POSITION MARGIN €1,8M €(2,9M) 29% €2,3M (H1 25) €23,2M CASH AV.
Slide 3: Agenda
Agenda o Corporate events o Revenue by region o Revenue by segment o EBITDA: H1 25 -> H1 26 o Capital allocation o Business outlook o A journey of profitable growth
Slide 4: Corporate events: BLS entry into managed cybersecurity
Corporate events BLS: entry into managed cybersecurity 30 March 2026 • 65% stake acquired in B.L.S. Consulting for €1,3M, funded from cash reserves. Option to acquire the remaining 35%. • B2B managed service provider focused on IT infrastructure and cybersecurity, with more than 80% recurring revenu
Slide 5: Corporate events: Tessellis acquisition of Perimeter B.1
Corporate events Tessellis: acquisition of Perimeter B.1 29 July 2026 • Acquisition of GO Internet’s B2B business unit, including its stake in X-Stream, and Tiscali Italia’s stake in Aetherna. • €4,2M consideration, paid at closing from cash reserves. Consolidation from August 2026. • Approximately
Slide 6: Net Sales by region
Net Sales by region 9% 3% 2% 8% Italy is the primary contributor (approximately 70%), followed by the Balkans, where Croatia, and Slovenia have an evenly distributed share 8% (around 8% each) and Bulgaria around 9%. Switzerland (mostly Italian-speaking) accounts for 3% while Serbia accounts for roug
Slide 7: Net Sales by region
Net Sales by region 30.06.2026 30.06.2025 Italy grew by 15,8% year-on-year, confirming its role as the main market BULGARIA +7,3% of the Group. Growth in Italy was impacted by the positive contribution of SWITZERLAND +28,9% BLS and Teknonet (consolidated from Geographic Area April 2025, hence a full
Slide 8: Net Sales by segment
Net Sales by segment 9% 5% Cloud Computing recorded net 32% 7% sales of €7,1 million (ca. 32%). Cloud Hosting amounted to €5,2 million (24%), and Business Connectivity to €5,1 million (23%). Datacenter & Networking reached €1,6 million (7%), while Managed IT Services accounted for €1,1 million 23% (
Slide 9: Net Sales by segment
Net Sales by segment 30.06.2026 30.06.2025 Cloud Computing remained stable compared to previous periods, Other +151,9% mainly driven by the development +74,3% of the Group’s infrastructure Managed IT Services product family for AI. Cloud -10,5% Geographic Area Datacenter & Networking Hosting (€5,2 m
Slide 10: EBITDA: H1 25 → H1 26
EBITDA: H1 25 → H1 26 10,00 2,61 0,02 EBITDA margin passed from 34% to 29%. 9,00 Costs for raw materials increased by 64% (0,85) 8,00 to €2,2 million, while datacenter services (1,07) remained stable at €1,5 million. 7,00 6,66 6,40 Network services grew to €1,3 million (0,85) (0,12) Amount (M EUR) 6
Slide 11: Capital allocation
Capital allocation 7 Cash conversion from EBITDA ADJ to operating cash flow was around 86%. 6 5,73 Tangible investments (fiber and hardware) amounted to approximately €2,1 million. 5 R&D expenses were €0,2 million, reflecting Amount (M EUR) our practice of not capitalizing R&D carried 4 out by inter
Slide 12: Business outlook
Business outlook • Continued growth across core businesses, with AI cloud infrastructure revenue currently growing at a triple-digit rate YoY. • Integration of BLS and Tessellis’ Perimeter B.1 to support near-term revenue growth and medium-term margin improvement through synergies. • Organic growth
Slide 13: A journey of profitable growth
A journey of profitable growth KPIs/share 2016-2025 Net sales: from €2,68 to €8,39 +213% EBITDA: from €0,25 to €2,87 +1048% 44,5 41,8 Net profit: from €0,10 to €0,92 +828% 37,1 34,6 29,6 19,8 13,8 13,5 12,0 9,4 10,4 6,3 6,8 6,9 7,4 5,7 3,7 3,9 1,8 0,0 0,4 0,5 0,5 0,5 July 2015 2015 2016 2017 2018 20
Slide 14: ISIN Contacts
ISIN Contacts Address: Ordinary shares: IT0005203622 via Caldera 21, 20153 Milan Phone: +39 02 87365100 Email: info@dhh.international