Slide 1: H1 2026 Financial Results
H1 2026 Financial Results July 31, 2026 Stephan Haferl, CEO Christian Witt, CFO Comet AG Herrengasse 10 CH-3175 Flamatt T +41 31 744 90 00 www.comet.tech
Slide 2: Cautionary statement regarding Forward Looking Statements
Cautionary statement regarding Forward Looking Statements This document contains forward-looking statements about the Comet Group that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward- looking st
Slide 3: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A H1 2026 Financial Results 7/31/2026 3
Slide 4: Stronger growth momentum in H1 sets the stage for H2
Business & Industry Review Stronger growth momentum in H1 sets the stage for H2 Strong revenue growth, accelerating throughout H1 5.6% year-on-year growth; acceleration from Q1/26 to Q2/26 (+25.7%) Significant margin improvement 239.8 13.1% Higher net sales driving improved operating leverage Net sa
Slide 5: Dynamic semiconductor market, mixed trends across industrial end markets
Business & Industry Review Dynamic semiconductor market, mixed trends across industrial end markets Semiconductors and Electronics Other industrial segments • Sustained positive market dynamics and strong performance • Manufacturing: Industrial activity remained subdued amid trade across all regions
Slide 6: Divisions capitalizing on distinct market opportunities
Business & Industry Review Divisions capitalizing on distinct market opportunities PCT IXS IXM • PCT division continues to drive growth, • IXS more than doubled CA20 purchase • IXM sales grew due to strong demand in supported by strong order momentum orders compared to YE25 selected markets such as
Slide 7: Strong foundation laid – significant upside remains
Business & Industry Review Strong foundation laid – significant upside remains • Gradual sales improvement as expected, with acceleration throughout H1 • PCT delivers solid performance amid an accelerating market upturn • Upswing in the semiconductor sector expands to NAND, mainly for data centers •
Slide 8: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A H1 2026 Financial Results 7/31/2026 8
Slide 9: Financial overview
Financial Results Financial overview • Top-line driven by strong growth in PCT and IXM • Gross margin above 40% – volume, operating leverage • Efficiency program progressing as planned • Penang investment largely completed by YE26; strong FCF returns in 2027 • Financial priorities remain unchanged:
Slide 10: Distinct growth drivers propel divisions: PCT & IXS margins up, IXM achieves double-digit sales growth
Financial Results Distinct growth drivers propel divisions: PCT & IXS margins up, IXM achieves double-digit sales growth Net sales [in CHF millions] EBITDA margin PCT IXS IXM 20.2% 17.4% 17.2% 16.1% -8.2% -15.4% 134.3 143.6 48.7 48.7 48.4 53.5 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 Net sale
Slide 11: Operating leverage lifts profitability
Financial Results Operating leverage lifts profitability • Net sales growth in constant currency: +12.7% Net sales (CHF mn) Gross profit margin EBITDA (CHF mn) 239.8 41.4% 31.4 • Higher gross margin: operating leverage +5.6% HY25*: 39.5% HY25*: 23.0 • EBITDA and EBITDA margin: higher GM and stable c
Slide 12: Enhanced capex for investments into growth, balance sheet remains robust
Financial Results Enhanced capex for investments into growth, balance sheet remains robust • Capex: investments into additional capacity – Penang site Capex (CHF mn) Free CF (CHF mn) Net debt (CHF mn) 29.4 –19.3 –19.3 • FCF: temporarily high capex level and inventory build-up to meet higher demand H
Slide 13: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A H1 2026 Financial Results 7/31/2026 13
Slide 14: Upturn in the semiconductor industry continues; industrial markets selectively improve
Outlook Upturn in the semiconductor industry continues; industrial markets selectively improve Semiconductors and Electronics Other industrial segments • Sustained growth momentum in the semiconductor industry • Manufacturing: Selective recovery, tempered by trade tensions • Continued investment in
Slide 15: Outlook 2026: Sales and profitability to significantly improve y-o-y
Outlook 2026 Sales and profitability to significantly improve y-o-y Business environment Guidance FY 2026 • Semiconductor cycle remains strong • Sustained growth across all regions Net sales • NAND capital expenditure recovery gaining momentum (data centers) (in CHF million) • Order intake is expect
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix cemet
Slide 18: Definition of financial key figures
Appendix Definition of financial key figures Book-to-bill ratio: Ratio of orders received to the amount billed for a specific period Capex: Purchases of property, plant and equipment and intangible assets shown under investing activities in the consolidated cash flow statement EBITDA: Operating inco
Slide 19: Consolidated statement of income
Appendix Consolidated statement of income in CHF millions (rounding differences may occur) H1 2026 H1 2025* Change Net sales 239,834 227,154 +5.6% Gross profit 99,362 89,755 +10.7% • Other operating income 1,262 3,153 –60.0% • Development expenses –32,011 –34,751 –7.9% • Marketing and selling expens
Slide 20: Consolidated statement of cash flows
Appendix Consolidated statement of cash flows in CHF millions (rounding differences may occur) H1 2026 H1 2025 Change Net cash provided by operating activities 9,096 11,845 –23.2% in % of net sales 3.8% 5.2% –1.4pp Net cash (used in) investing activities –28,402 –10,501 +170.5% Free cash flow –19,30
Slide 21: Consolidated balance sheet
Appendix Consolidated balance sheet in CHF millions (rounding differences may occur) Jun 30, 2026 in % Dec 31, 2025 in % Current assets 283,568 53.5 272,527 54.4 Non-current assets 246,572 46.5 228,393 45.6 Total assets 530,140 100.0 500,920 100.0 Current liabilities 112,298 21.2 153,980 30.7 Non-cu
Slide 22: Net sales walk H1 2025 to H1 2026
Appendix Net sales walk H1 2025 to H1 2026 in CHF million + 5.6 % 7.5 3.2 -2.0 20.2 239.8 -16.3 227.2 Volume effect Negative in local currencies currency effect CHF + 28.9 m (+12.7%) CHF -16.3 m (-7.1%) Net sales HY25 PCT IXS IXM Elimination FX impact Net sales HY26 intersegment sales H1 2026 Financ
Slide 23: EBITDA margin walk H1 2025 to H1 2026
Appendix EBITDA margin walk H1 2025 to H1 2026 +3.0pp +6.5pp –1.4pp 13.1% –2.1pp 10.1%* EBITDA H1 2025 Volume & mix impact Cost impact FX impact EBITDA H1 2026 * restated, further explanations on the restatement are set out in note 01.1, “Restatement” of the Half-Year Report 2026 H1 2026 Financial R
Slide 24: comet
comet