Slide 1: Sustainable Profitable Growth Through Ecosystem - Interim Report 2025
SUSTAINABLE PROFITABLE GROWTH THROUGH ECOSYSTEM INTERIM REPORT 2025
Slide 2: Executive Summary: ALSO increases EBITDA by 34 percent
ALSO INTERIM REPORT 2025 Executive Summary 2 EXECUTIVE SUMMARY ALSO increases EBITDA by 34 percent ■ ROCE 12 percent ■ Revenue +35 percent ALSO Holding AG (SIX: ALSN) achieved a reported EBITDA of 126 million euros in the first half of 2025 (+32m year-over-year). This includes one-time acquisition-r
Slide 3: Executive Summary: EBITDA and ROCE targets confirmed
ALSO INTERIM REPORT 2025 Executive Summary 3 The targets for EBITDA ROCE in million euros in percent 2025 285 – 325 > 17 Mid-term 425 – 525 > 25 are confirmed. This stems from the potential the company developed through a clear strategic direction: ■ Increasing operational excellence through AI ■ Gr
Slide 4: Condensed interim consolidated financial statements: income statement
ALSO INTERIM REPORT 2025 Condensed interim consolidated financial statements 4 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS as of June 30, 2025 (unaudited) Condensed consolidated income statement € 1 000 1st half 2025 1st half 2024 Total net sales 5 926 659 100.0 % 4 279 305 100.0 % Cost of g
Slide 5: Condensed consolidated statement of comprehensive income
ALSO INTERIM REPORT 2025 Condensed interim consolidated financial statements 5 Condensed consolidated statement of comprehensive income € 1 000 1st half 2025 1st half 2024 Net profit recognized in the consolidated income statement 43 042 41 638 ITEMS THAT WILL NOT BE RECLASSIFIED SUBSEQUENTLY TO PRO
Slide 6: Condensed consolidated statement of financial position
ALSO INTERIM REPORT 2025 Condensed interim consolidated financial statements 6 Condensed consolidated statement of financial position € 1 000 06.30.2025 12.31.2024 Cash and cash equivalents 139 697 730 907 Trade receivables 1 227 288 789 516 Inventories 1 395 765 863 610 Other current assets 745 539
Slide 7: Condensed consolidated statement of changes in equity
ALSO INTERIM REPORT 2025 Condensed interim consolidated financial statements 7 Condensed consolidated statement of changes in equity Equity attributable Non-controlling € 1 000 Share capital Treasury shares Other reserves 1 Retained earnings to shareholders interests Total January 1, 2025 9 960 – 10
Slide 8: Condensed consolidated statement of cash flows
ALSO INTERIM REPORT 2025 Condensed interim consolidated financial statements 8 Condensed consolidated statement of cash flows € 1 000 1st half 2025 1st half 2024 Net profit Group 43 042 41 638 Depreciation and amortization 32 959 21 134 Change in provisions and employee benefits 3 347 1 751 Other no
Slide 9: Notes to the condensed interim consolidated financial statements
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 9 NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS as of June 30, 2025 (unaudited) CORPORATE INFORMATION BASIS OF PREPARATION ALSO was founded in 1984 and has evolved into one of the leading The
Slide 10: Changes in the scope of the consolidation
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 10 As from January 1, 2025, ALSO adopted the following amended standards CHANGES IN THE SCOPE OF for the first time: THE CONSOLIDATION ■ Lack of Exchangeability (Amendments to IAS 21) The following companies we
Slide 11: Business combinations: Acquisition of Westcoast
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 11 BUSINESS COMBINATIONS The purchase price of T€ 552 723 was paid in full by June 30, 2025. Acquisition of Westcoast Since information is still outstanding, the purchase price allocation that was performed and
Slide 12: Goodwill and fair values at date of acquisition
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 12 Fair values at the date of acquisition € 1 000 Westcoast1 € 1 000 Westcoast1 Total net assets 262 069 CURRENT ASSETS Net assets attributable to ALSO 262 069 Cash and cash equivalents 55 322 Goodwill 290 135
Slide 13: Segment information
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 13 SEGMENT INFORMATION Central Europe Northern/Eastern Europe Reconciliation Group € 1 000 1st half 2025 1st half 2024 1st half 2025 1st half 2024 1st half 2025 1st half 2024 1st half 2025 1st half 2024 Net sal
Slide 14: Disaggregated net sales, transactions with related parties
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 14 DISAGGREGATED NET SALES TRANSACTIONS WITH RELATED PARTIES € 1 000 1st half 2025 1st half 2024 Change € 1 000 1st half 2025 1st half 2024 Total net sales 5 926 659 4 279 305 38.5 % thereof Supply 4 162 134
Slide 15: Other reserves
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 15 OTHER RESERVES Remeasurement of defined € 1 000 Cash flow hedge reserve Exchange differences benefit plans Total other reserves January 1, 2025 9 531 2 470 – 1 655 10 346 Net profit Group – – – – Other compr
Slide 16: Financial instruments
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 16 FINANCIAL INSTRUMENTS Fair value of the financial instruments Fair value Fair value € 1 000 Level 1 Level 2 Level 3 06.30.2025 Level 1 Level 2 Level 3 12.31.2024 FINANCIAL ASSETS Current derivative financial
Slide 17: Seasonality, income taxes, Pillar Two model rules
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 17 Reconciliation of financial instruments within Level 3 Measurement techniques of financial instruments € 1 000 1st half 2025 2024 within Level 2 January 1 – – 2 800 Forward exchange contracts are measured ba
Slide 18: Distributions to shareholders, events after the reporting period
ALSO INTERIM REPORT 2025 Notes to the condensed interim consolidated financial statements 18 ALSO applies the exemption for the recognition and disclosure of deferred DISTRIBUTIONS TO SHAREHOLDERS tax assets information on deferred tax assets and liabilities in connection to income taxes from Pillar
Slide 19: Alternative Performance Measures
ALSO INTERIM REPORT 2025 Alternative Performance Measures 19 ALTERNATIVE PERFORMANCE MEASURES This report contains certain Alternative Performance Measures which are not accounting measures as defined by IFRS. These measures should not be used instead of the IFRS-based consolidated financial stateme
Slide 20: EBITDA and net financial debt without IFRS 16 effect
ALSO INTERIM REPORT 2025 Alternative Performance Measures 20 EBITDA WITHOUT EFFECT NET FINANCIAL DEBT WITHOUT DUE TO IFRS 16 LEASES EFFECT DUE TO IFRS 16 LEASES EBITDA is impacted by the adoption of IFRS 16. Since January 1, 2019, NFD = c urrent financial liabilities + non–current financial liabilit
Slide 21: Foreign currency effect and Return on Capital Employed (ROCE)
ALSO INTERIM REPORT 2025 Alternative Performance Measures 21 FOREIGN CURRENCY EFFECT RETURN ON CAPITAL EMPLOYED (ROCE) The foreign currency effect results from the following circumstances: Net profit Group + Financial expense – Financial income ROCE = ■ The foreign currency effect on total net sales
Slide 22: Imprint
ALSO INTERIM REPORT 2025 Imprint 22 IMPRINT For further information please contact ALSO Holding AG Meierhofstrasse 5 CH-6032 Emmen Tel. +41 41 266 18 00 WWW.ALSO.COM The original German language version is binding. Editing/Concept and Text ALSO Holding AG, Emmen, Switzerland Implementation Kirchhoff
Slide 23: ALSO Holding AG contact details
ALSO Holding AG Meierhofstrasse 5 CH-6032 Emmen Tel.: +41 41 266 18 00 For further information: www.also.com