Slide 1: Unlocking the Future: FY 2025 Results
UNLOCKING THE FUTURE FY 2025 Results 11 March 2026 STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 1
Slide 2: Disclaimer
This document has been prepared by Sys-Dat Group S.p.A. (the “Company” or “Sys-Dat Group”) for information In particular, but without limitation, no representation or warranty, express or implied, is or will be given as to the purpose only, it contains only summary information and, therefore, it is
Slide 3: SYS-DAT: Unlocking the future
SYS-DAT: Unlocking the future 01 Growth & Value creation 02 2025 Operations 03 FY 2025 Financials Highlights STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previ
Slide 4: Growth & Value creation
01 Growth & Value creation STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 4
Slide 5: SYS-DAT: Buy & Build of SW Solutions for Vertical Markets
SYS-DAT: BUY & BUILD OF SW SOLUTIONS FOR VERTICAL MARKETS Proprietary sw solutions enable new business models and maximise marginality and ROI BUILD BUY STRATEGY INNOVATION IDENTIFICATION STRATEGY AI-powered activities Market presence and focus on R&D all over Italy CASH FLOW ACQUISITION MAXIMISE Hi
Slide 6: FY 2025 Results Show Solid Growth and Value Creation
FY 2025 RESULTS SHOW SOLID GROWTH AND VALUE CREATION Robust revenue increase, profitability, and solid cash flow performance 55.9% 19.6% TOTAL REVENUE GROWTH EBITDA MARGIN of which +9.8% excluding A&C one-off of organic growth M&A expenses 13.4m OPERATING CASH FLOW achieving 78.7% EBITDA to op. cash
Slide 7: Solid FY 2025 Execution Delivering Shareholder Value
SOLID FY 2025 EXECUTION DELIVERING SHAREHOLDER VALUE Operating cash flow fully financed 2025 M&A, R&D, buyback and dividends payout Main KPIs FY’25 value FY’25 vs. FY’24 • Revenue € 89.6m + 55.9% • EBITDA € 17.1m + 47.6% • Net Income adj. (*) € 8.7m +38.2% • Liquidity € 48.5m + 0.2m • NFP € 17.4m -
Slide 8: SYS-DAT Tripling in Size in Four Years
SYS-DAT TRIPLING IN SIZE IN FOUR YEARS A combination of organic growth and M&A Business size tripled in 4 years 2021 2025 FY 2021 FY 2025 Revenue: €29.1m Revenue: €89.6m EBITDA: €6.0m EBITDA: €17.1m Net Income adj.: €3.7m Net Income adj.: €8.7m 20 acquisitions since 2021 Consistently outpacing the m
Slide 9: AI Fuels Growth and Innovation at SYS-DAT
AI FUELS GROWTH AND INNOVATION AT SYS-DAT Unlocking Commercial Value and Operational Improvements Launch of MosAIc Jan 26: Gemini Enterprise AI adopter since 2021 AI suite launch in Jan 25 Internal Project in Sep 25 provided to all staff ➢ CUSTOMER ENGAGEMENT drives success rate increase From effici
Slide 10: 2025 Operations
02 2025 Operations STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 10
Slide 11: IT Market Shows Growth Potential Boosted by Digital Enablers
IT MARKET SHOWS GROWTH POTENTIAL BOOSTED BY DIGITAL ENABLERS SYS-DAT outperforms the market thanks to Cross-selling, Up-selling and innovation Italian IT Market (Eu mn) 32.6 29.7 31.1 CAGR Artificial Intelligence 28.4 26.8 23.4 25.3 2022- 2025E- 2025E 2028E Big Data 22,0 19,7 20,8 ICT 16,2 17,3 18,6
Slide 12: 2025 Market Reach Across Our Full Portfolio
2025 MARKET REACH ACROSS OUR FULL PORTFOLIO Spanning Long-Term and Short-Term Projects Solutions delivered % of Revenues Q4 customer wins across diverse markets Fashion 66,4 % Core Business SW Solutions AI-powered solutions Food 11,9 % Distribution Value Added SW Solutions Manufacturing 21,7 % Trans
Slide 13: A Resilient Customer Base Built on Diversification and Longevity
A RESILIENT CUSTOMER BASE BUILT ON DIVERSIFICATION AND LONGEVITY Strong increase of Recurring and Repeatable Revenues from a loyal customer base (66% of clients with 5+ years) Revenue by market sector Revenue by customer size 1% 1% 1% 4% Manufacturing 18% € > 50m Services 25% 40% 45% Commerce 10m <
Slide 14: Strengthening Our Portfolio with 2026 Acquisitions
STRENGTHENING OUR PORTFOLIO WITH 2026 ACQUISITIONS Building on a strong track record of successful integrations COMPANY DESCRIPTION RATIONALE TOTAL Founded in 1997 and based in Cittadella (PD) SYS-DAT SW portfolio enhancement 2025 Total Exp. Revenue Services: Cybersecurity and on-field SW Reliable c
Slide 15: FY 2025 Financial Highlights
03 FY 2025 Financial Highlights STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 15
Slide 16: Revenue and EBITDA Show Solid Performance
REVENUE AND EBITDA SHOW SOLID PERFORMANCE Fueled by strong organic growth and A&C successful integration REVENUES EBITDA Total EBITDA 46.5 57.5 89.6 20.0% 20.1% 19.0% Revenues Margin 4,2 26.5 €/m €/m 12,9 63,1 11,6 57,5 46,5 9,3 FY 2023 FY 2024 FY 2025 FY 2023 FY 2024 FY 2025 Inorganic Revenue Organ
Slide 17: Investing in Innovation to Drive Profitability
INVESTING IN INNOVATION TO DRIVE PROFITABILITY Net Income growth alongside a steady commitment to R&D R&D NET INCOME Adj. R&D on Net Income Adj. 4.4% 4.8% 4.1% 10.2% 10.9% 9.7% Revenues Margin 1,8 €/m €/m 0,1 3,6 0,5 2,8 6,9 6,2 2,0 4,2 FY 2023 FY 2024 FY 2025 FY 2023 FY 2024 FY 2025 R&D Adjustment
Slide 18: Change in Liquidity Breakdown
CHANGE IN LIQUIDITY BREAKDOWN Cash Flow from operations fully finances investments and financing activities 3,6 1,2 A&C Liquidity 7,7 1,1 €/m 11,7 M&A payments 2,8 17,1 8,7 8,7 8,7 3,6 1,2 Financial income Positive component 7,7 1,3 R&D and other capex 1,3 Dividends 4,7 Negative component 13,4 13,4
Slide 19: FY'25 2025 NFP Change and Breakdown
FY’25 2025 NFP CHANGE AND BREAKDOWN NFP mainly impacted by future Earn-Out and leasing payment for €30.0m FY’25 CHANGE IN NFP FY’25 NFP BREAKDOWN €/m €/m Positive component Long Term (>12M) Negative component Short Term (<12M) 0,1 4,4 1,1 0,3 0,9 0,7 0,7 R&D & IFRS16 Cash Flow 8,5 8,4 Capex 16,2 13,
Slide 20: Closing Remarks
CLOSING REMARKS SOLID GROWTH AND VALUE CREATION driven by Revenue, Ebitda and Operating CF GROUP SIZE STEP UP driven by organic growth and A&C acquisition STRONG MARKET REACH through our entire portfolio AI FUELS GROWTH AND INNOVATION with arIA and AI-powered sw solutions TWO ACQUISITIONS IN 2026 an
Slide 21: STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it
STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 21
Slide 22: Annex
Annex STRICTLY CONF IDENTIAL: Contents in this document are strictly confidential and SYS-DAT property; it is forbidden to copy this document, to amend it, to share it and to print it without previous written authorization from SYS-DAT S.p.A. 22
Slide 23: Annex – FY 2025 Profit & Loss Statement
Annex – FY 2025 Profit & Loss Statement (Euro) 31/12 2025 2024 Operating Revenues 89,091,777 57,102,083 Other Revenues 524,929 378,254 Total Revenue 89,616,706 57,480,337 Purchasing cost 6,865,812 3,400,985 Changes in inventories 104,629 478,310 Service cost 30,023,314 18,895,109 Personnel 34,648,80
Slide 24: Annex – FY 2025 Balance Sheet Statement
Annex – FY 2025 Balance Sheet Statement (Euro) 31/12/2025 31/12/2024 (Euro) 31/12/2025 31/12/2024 ASSETS ASSETS AND LIABILITIES EQUITY Non-current assets Non-current Share Capital assets 1,564,244 1,564,244 Goodwill 21,100,479 12,251,636 Goodwill Other reserves 21,100,479 53,912,357 12,251,636 49,22
Slide 25: Annex – FY 2025 Cash Flow Statement & Net Financial Position
Annex – FY 2025 Cash Flow Statement & FY 2025 Net Financial Position (Euro) 31/12 2025 2024 Net income 6,921,623 6,203,586 Taxes 3,159,305 2,360,841 Depreciation 6,995,821 3,471,108 Other variations 749,125 87,875 Funding from operations 17,825,873 12,123,410 Change in inventories 578,444 -28,851 Ch