Slide 1: Interpump Group 4Q-2025 Preliminary Financial Results
INTERPUMP GROUP 4Q-2024 PRELIMINARY FINANCIAL RESULTS 13rd February 2026
Slide 2: Index
INDEX ▪• KEY KEY HIGHLIGHTS HIGHLIGHTS ▪ 4Q-2025 PRELIMINARY FINANCIAL RESULTS • 4Q-2023 PRELIMINARY FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH ▪ 2026 OUTLOOK • GROUP SUSTAINABILITY PATH ▪ 2026-2028 EXPECTATION ▪• ANNEX OUTLOOK • ANNEX For Group accounting definitions see please slides 35-36 of t
Slide 3: 4Q-2025 Results: Key Highlights
4Q-2025 RESULTS ▪ KEY HIGHLIGHTS 2
Slide 4: 4Q-2025 Results: A Delivering Group – The New Cash Record
4Q-2025 RESULTS A DELIVERING GROUP – THE NEW CASH RECORD ▪ 2025: the new Group cash record GROUP GROUP2020-2025 2020-2025ORGANIC ORGANICSALES SALES 50% EVOLUTION EVOLUTIONbybyQUARTER QUARTER ‒ Organic sales: -0.7% 40% • Hydraulics: on a recovery path 30% • Water Jetting: another strong year 20% COVI
Slide 5: Group 1996-2025 FCF & Cash Conversion
4Q-2025 RESULTS A DELIVERING GROUP – THE NEW CASH RECORD GROUP 1996-2025 FCF & CASH CONVERSION 250.0 EVOLUTION 200.0 150.0 100.0 50.0 0.0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 160.0% 140.0
Slide 6: 4Q-2025 Preliminary Financial Results
3Q-3Q2023YTD 4Q-2025 RESULTS ▪ KEY HIGHLIGHTS ▪ 4Q-2025 PRELIMINARY FINANCIAL RESULTS 5
Slide 7: 4Q-2025 Results Group – The New Cash Record
3Q-3Q2023YTD 4Q-2025 RESULTS GROUP – THE NEW CASH RECORD ▪ 2025 – Sales: benefit of diversification, Water Jetting strength balanced Hydraulics weakness – Profitability: diversification, business model flexibility and integration capability stronger than sales decrease – NFP: the new Group cash reco
Slide 8: Divisions – Water Jetting Strength Supported Hydraulics Recovery
3Q-3QYTD2023 4Q-2025 RESULTS DIVISIONS – WATER JETTING STRENGHT SUPPORTED HYDRAULICS RECOVERY ▪ Hydraulics – Sales: recovery path after one of the worst period in Group history – Profitability: business model flexibility and integration capability allow to minimise operating leverage ▪ Water-Jetting
Slide 9: Sales – Recovery Stronger Than Comparison
3Q-3Q2023YTD 4Q-2025 RESULTS SALES – RECOVERY STRONGER THAN COMPARISON ▪ 4Q2025: recovery trend stronger than comparison effect 4Q2025 GROUP SALES EVOLUTION − Hydraulics: strengthening of recovery path 700 +1.0% − Water Jetting: influence of comparison effect 650 600 550 € 490m +2.5% +2.1% -3.6% € 4
Slide 10: Sales – Water Jetting Strength Balanced Hydraulics Weakness
3Q-3Q2023YTD 4Q-2025 RESULTS SALES – WATER JETTING STRENGHT BALANCED HYDRAULICS WEAKNESS ▪ 2025: Water Jetting strength balanced Hydraulics weakness 2025 SALES EVOLUTION − Hydraulics: acceleration of the recovery path -0.4% − Water Jetting: another strong year 2,500 2,300 € 2.078m -0.7% +2.3% -2.0%
Slide 11: EBITDA – Diversification and Business Model Flexibility
3Q-3QYTD2023 4Q-2025 RESULTS EBITDA – DIVERSIFICATION AND BUSINESS MODEL FLEXIBILITY 26.0% 2025 EBITDA EVOLUTION (1-2) 25.0% (% on Net Sales) 24.0% 23.0% 22.3% 22.0% 22.0% 21.0% 20.0% 19.0% 18.0% 17.0% 16.0% 15.0% 2024 Purchase Labour Other 2025 Perimeters 2025 operating Organic changes and costs FX
Slide 12: EBITDA – Outstanding Stability Despite Huge Volatility
3Q-3QYTD2023 4Q-2025 RESULTS EBITDA – OUTSTANDING STABILITY DESPITE HUGE VOLATILITY ▪ Outstanding stability despite huge volatility – Complementary nature of two divisions 2019-2025 GROUP SALES GROWTH & MARGIN EVOLUTION – Increased diversification by division, 40.0% 29.5% 2019-2025 SALES GROWTH 23.9
Slide 13: NFP – The New Cash Record
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – THE NEW CASH RECORD ▪ NFP equal to € 291m compared to € 409m NFP EVOLUTION (1) (€ m) of December 2024(1) 600 500 € 409m € 220m ▪ The new cash record: € 220m of FCF 400 € 36m € 12m € 4m € 6m € 291m – TWC (2) : reflecting sales recovery in 2H2025 300 € 52m – CAPEX (4
Slide 14: NFP – TWC – Improvement to Be Continued
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – TWC – IMPROVEMENT TO BE CONTINUED ▪ Improvement to be continued – Trade receivable and payable evolution consistent with sales evolution – Inventory down by around 3% despite 3 acquisitions in the Fourth Quarter • Decrease close to 5% at constant perimeters ▪ Norma
Slide 15: NFP – TWC – Improvement to Be Continued
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – TWC – IMPROVEMENT TO BE CONTINUED ▪ TWC is a fundamental tool to exploit growth and protect profitability – Prompt answer to customers’ requests – Keep production going Usually, meaningful acquisitions originated TWC peaks ▪ Historical average of around 35-36%, 202
Slide 16: NFP – CAPEX – Delivering Normalisation
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – CAPEX – DELIVERING NORMALISATION 2019-2025 CAPEX EVOLUTION (1) ▪ CAPEX normalisation process almost concluded (1) (% on total CAPEX) – After a -20% decrease in 2024, an additional -27% 200 7.2% 10% to € 91 6.7% 6.2% 5.4% 5.9% 4.7% 4.4% ▪ Last step of 2021-2023 Post
Slide 17: NFP – CAPEX – Delivering Normalisation
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – CAPEX – DELIVERING NORMALISATION ▪ Group 2021-23 “Post COVID” CAPEX plan – 1 destination: the entire Group, both divisions, all geographies and all most important companies – 2 phases: first real estate investments and then technologies & equipment – 3 goals: “best
Slide 18: NFP – CAPEX – Delivering Normalisation
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – CAPEX – DELIVERING NORMALISATION NLB - New headquarter in Wixom (U.S.A.) Walvoil – Factory extension in Cavriago (Italy) Inoxpa - New headquarter in Pune (India) Interpump Hydraulics – New headquarter in Sala Bolognese (Italy) 17
Slide 19: NFP – CAPEX – Delivering Normalisation
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – CAPEX – DELIVERING NORMALISATION Interpump Group – New robotic assembly island in Sant’Ilario (Italy) Walvoil – Automated warehouse in Cavriago (Italy) Reggiana Riduttori – VTC series of turning centers in San Polo d’Enza (Italy) Interpump Hydraulics – New machinin
Slide 20: NFP – Acquisitions – Perfect Fit with Group Strategy
3Q-3Q2023YTD 4Q-2025 RESULTS NFP – ACQUISITIONS – «PERFECT FIT» WITH GROUP STRATEGY ▪ “Perfect fit” with Group growth and diversification strategy – Diversification by geography • Padoan: tank in Europe after America Mobile in U.S.A. • Tutto Hydraulicos: another step in Brasil Padoan – Product examp
Slide 21: Key Highlights
2023RESULTS 4Q-2025 ▪ KEY HIGHLIGHTS ▪ 4Q-2025 PRELIMINARY FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH ▪ 2026 OUTLOOK 20
Slide 22: 2026 Aiming for the Third FCF Record
2023 2026 AIMING FOR THE THIRD FCF RECORD ▪ 2026 entrance in line with 2025 trends (1) 1500.0 2010-2025 BACKLOG EVOLUTION (1) Million € – Backlog consolidated significantly above 1400.0 1300.0 pre-COVID trend and growing 1200.0 1100.0 2021-23 average • Both Hydraulics backlog and Water Jetting 1000.
Slide 23: 2026 Aiming for the Third FCF Record
2023 2026 AIMING FOR THE THIRD FCF RECORD ▪ Group divisions will face a completely different comparison basis for 2026 – Hydraulics: -10.8% in 1H2025 – Water Jetting: +13.9% in 1H2025 30% HYDRAULICS 2025 ORGANIC SALES WATER-JETTING 2025 ORGANIC SALES 30% EVOLUTION by QUARTER EVOLUTION by QUARTER 20%
Slide 24: Key Highlights
2023RESULTS 4Q-2025 ▪ KEY HIGHLIGHTS ▪ 4Q-2025 PRELIMINARY FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH ▪ 2026 OUTLOOK ▪ 2026-2028 EXPECTATION 23
Slide 25: 2026-2028 Guidelines: 2023-2025 Expectation
2026-2028 GUIDELINES 2023-2025 EXPECTATION ▪ 2023-25 commitments, 1 target with 2 guidelines 3,500 2023-25 GROUP EXPECTED SALES EVOLUTION 3,000 ▪ One target: sales 2022-2025 sales growth: +25% 2,500 – Around 25% of total growth(1) 2,000 ▪ Two guidelines: profitability and leverage 1,500 – Profitabil
Slide 26: 2023-2025 Expectation – Lights and Shadows
2026-2028 GUIDELINES 2023-2025 EXPECTATION – LIGHTS AND SHADOWS ▪ 2023-2025, lights and shadows in M&A term Lower competition from Private Equity and Financial Sponsor Resurge of external growth in the Flow Processing vertical Reset of Hydraulic sellers’ expectation with 5 acquisitions from April 20
Slide 27: Group Approach to M&A
2026-2028 GUIDELINES 2023-2025 EXPECTATION – GROUP APPROACH TO M&A ▪ The milestone of Group acquisition strategy – The “Perfect fit” – An accurate and comprehensive acquisition process – Soft integration ▪ The “Perfect fit” – Enabling Group diversification strategy: by division, geography and market
Slide 28: Group Approach to M&A
2026-2028 GUIDELINES 2023-2025 EXPECTATION – GROUP APPROACH TO M&A ▪ An accurate and comprehensive acquisition process – Deal flows: preferably the Group network – Due diligence: financial, industrial and managerial – Evaluation process: multiples, EV/EBITDA and compliance with Group M&A guidelines
Slide 29: Most Recent Deals
2026-2028 GUIDELINES 2023-2025 EXPECTATION – MOST RECENT DEALS ▪ 2023-2025 “Perfect fits” 2022-25 INTERPUMP GROUP ACQUISITIONS FINANCIAL DATA PRICE ACQUIRED COMPANIES ACQUISITION RATIONALE Sales EBITDA PAID INDOSHELL € 12m € 2m € 8m Hydraulics, “Valves&DCV ”: supply chain enhancement AUTOMOTIVE SYST
Slide 30: Capability to React – Waikato
2026-2028 GUIDELINES 2023-2025 EXPECTATION – CAPABILITY TO REACT ▪ The “Perfect Fit” – AND • No turnaround or restructuring stories ………… BUT ▪ Capability to react to difficult market situation even for new acquired entities – Waikato • Bought in May 2023, having factored rationalisation activities f
Slide 31: Capability to React – White
2026-2028 GUIDELINES 2023-2025 EXPECTATION – CAPABILITY TO REACT – White: • Bought in 2021, integration on path in 2022 • Impact of post COVID normalisation in 2024 • Benefits of Group profitability best practices in 2025 o Poland: around 75% of business, targeting historical profitability level o U
Slide 32: 2026-2028 Expectation
2026-2028 GUIDELINES 2026-2028 EXPECTATION ▪ 2026-2028 expectation 2026-28 GROUP EXPECTED SALES EVOLUTION (1) – Two targets and one guideline 3,000 2026-2028 sales growth: +20% to € 2.500m • Targets 2,500 o Sales: up to € 2.500 in 2028 (1) 2,000 o NFP (2): bringing to zero 1,500 • Guideline: EBITDA
Slide 33: Group Sustainability Path
ANNEX ▪• KEY HIGHLIGHTS DISCLAIMER ▪• 4Q-2025 4Q-2023 PRELIMINARY DETAILS FINANCIAL RESULTS ▪ GROUP SUSTAINABILITY PATH • 2023 ESG ACTIONS ▪ 2026 OUTLOOK ▪ 2026-2028 EXPECTATION ▪ ANNEX 32
Slide 34: Annex
ANNEX ANNEX ▪ DISCLAIMER ▪ 4Q-2025 DETAILS 33
Slide 35: Disclaimer
ANNEX DISCLAIMER ▪ DISCLAIMER 34
Slide 36: Disclaimer – Performance Indicators
ANNEX DISCLAIMER − PERFORMANCE INDICATORS The Group uses several alternative measures that are not identified as accounting parameters in the framework of IFRS standards, to allow better evaluation of the trend of economic operations and the Group's financial position. Such indicators are also tools
Slide 37: Disclaimer – Forward Looking Statements
ANNEX DISCLAIMER – FORWARD LOOKING STATEMENTS This document has been prepared by Interpump Group S.p.A for aforesaid forward-looking statements. This document does not use during meetings with investors and financial analysts and is constitute an offer to sell or a solicitation to buy or subscribe t
Slide 38: 4Q-2025 Details
ANNEX 4Q-2025 DETAILS ▪ DISCLAIMER ▪ 4Q-2025 DETAILS 37
Slide 39: Sales Breakdown – Group
ANNEX ANNEX SALES DETAILS – SALES BREAKDOWN – GROUP GROUP 2025 sales: € 2.071m OTHERS: 1% GENERIC DEALERS: 13% EARTH MOVING MACHINE: 6% PACIFIC AREA: 13% CONSTRUCTION: 7% REST of THE WORLD: 11% CLEANING: 5% AGRICOLTURE: 9% GENERIC CONTRACTORS: 3% EUROPE: 51% OTHER INDUSTRIAL SECTOR: 8% LIFT: 5% STEE
Slide 40: Sales Breakdown – Hydraulics
ANNEX SALES DETAILS – SALES BREAKDOWN – HYDRAULICS HYDRAULICS 2025 sales: € 1.355m OTHERS: 1% PACIFIC AREA: 10% EARTH MOVING MACHINE: 9% GENERIC DEALERS: 16% REST of THE WORLD: 12% CONSTRUCTION: 8% OTHER INDUSTRIAL SECTOR: 10% AGRICOLTURE: 14% F&B: 1% ENERGY&UTILITIES: 1% MINING: 1% SHIPYARD-MARINE:
Slide 41: Sales Breakdown – Water Jetting
ANNEX SALES DETAILS – SALES BREAKDOWN – WATER JETTING WATER JETTING 2025 sales: € 716m OTHERS: 1% PACIFIC AREA: 19% CONSTRUCTION: 6% GENERIC DEALERS: 7% ADAPTORS INDUSTRIAL VEHICLES: 5% AUTOMOTIVE: 5% REST of THE WORLD: 10% CLEANING: 14% SHIPYARD-MARINE: 6% OIL&GAS: 3% GENERIC CONTRACTORS: RAILWAY:
Slide 42: Sales Details – Organic Evolution
ANNEX SALES DETAILS – ORGANIC EVOLUTION GROUP 2020-2025 ORGANIC GROWTH EVOLUTION by QUARTER 2020: -12.6% - 2021: +20.1% - 2022: +13.7% - 2023: +6.9% - 2024: -9.0% - 2025: -0.7% 50% 40% 39.4% 30% 17.9% 18.7% 20% 15.7% 14.2% 10% 11.6% 14% 9.1% 12.6% 12.5% 4.0% 1.0% 2.3% 2.5% 0% -7.8% -3.4% -10% -1.7%
Slide 43: Sales Details – Organic Evolution
ANNEX SALES DETAILS – ORGANIC EVOLUTION HYDRAULICS 2020-2024 ORGANIC GROWTH EVOLUTION by QUARTER 2020: -13.6% - 2021: +22.8% - 2022: +15.9% - 2023: +5.9% - 2024: -14% - 2025: -4.1% 60% 50% 47.2% 40% 30% 16.2% 17.8% 19.5% 20% 20.9% 16.2% 13.4% 15.6% 10% 11.1% 8.6% 4.8% 4.2% 0% 2.3% 3.4% WATER-JETTING
Slide 44: Acquisition Details
ANNEX ACQUISITION DETAILS 2025 INTERPUMP GROUP ACQUISITIONS FINANCIAL DATA (1) % of PRICE GROUP ACQUIRED COMPANIES EBITDA Additional HOLDING PAID DIVISION Sales Margin Information PADOAN 16 June € 15m 17% - 65% € 16m Hydraulics Italy TUTTO 24 October HYDRAULICOS € 12m 24% - 100% € 12m Hydraulics Bra
Slide 45: Consolidated Income Statement for 4Q2025
ANNEX CONSOLIDATED INCOME STATEMENT FOR 4Q2025 (€/000) 2025 2024 Revenues 494,554 489,890 Cost of sales (330,841) (331,388) Gross profit 163,713 158,502 Other net revenues 11,650 10,780 Distribution expenses (44,464) (44,807) General and administrative expenses (62,001) (57,665) Other operating cost
Slide 46: Consolidated Statement of Comprehensive Income for 4Q2025
ANNEX CONSOLIDATED OF COMPRENSIVE INCOME FOR 4Q2025 (€/000) 2025 2024 Consolidated profit for the period (A) 37,416 48,084 Other comprehensive income (loss) which will subsequently be reclassified to consolidated profit Gains (losses) on translating the financial statements of foreign companies 3,42
Slide 47: Consolidated Income Statement for 2025
ANNEX CONSOLIDATED INCOME STATEMENT FOR 2025 (€/000) 2025 2024 Revenues 2,070,684 2,078,399 Cost of sales (1,339,909) (1,364,753) Gross profit 730,775 713,646 Other net revenues 41,871 36,714 Distribution expenses (185,174) (173,890) General and administrative expenses (241,005) (227,118) Other oper
Slide 48: Consolidated Statement of Comprehensive Income for 2025
ANNEX CONSOLIDATED OF COMPRENSIVE INCOME FOR 2025 (€/000) 2025 2024 Consolidated profit for the period (A) 209,709 228,470 Other comprehensive profit (loss) that will be subsequently reclassified in consolidated profit for the year Gains (losses) on translating the financial statements of foreign co
Slide 49: Consolidated Statements of Financial Position as of December 2025
ANNEX CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 30 DECEMBER 2025 (€/000) 31/12/2025 31/12/2024 ASSETS Current assets Cash and cash equivalents 415,704 392,637 Trade receivables 397,253 385,963 Inventories 678,984 700,614 Tax receivables 41,208 56,381 Other current assets 28,182 34,647 Tota
Slide 50: Consolidated Statements of Financial Position as of December 2025
ANNEX CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF 30 DECEMBER 2025 (€/000) 31/12/2025 31/12/2024 LIABILITIES Current liabilities Trade payables 233,564 237,371 Bank debts 33,688 33,236 Interest-bearing financial debts (current portion) 232,031 241,919 Tax liabilities 36,447 28,360 Other curr
Slide 51: Consolidated Cash Flow Statements as of December 2025
ANNEX CONSOLIDATED CASH FLOW STATEMENTS AS OF 30 DECEMBER 2025 (€/000) 2025 2024 Cash flows from operating activities Profit before taxes 298,848 311,032 Adjustments for non-cash items: Losses (gains) on the sale of fixed assets (6,074) (5,582) Amortization and depreciation 121,250 113,870 Costs rec
Slide 52: Consolidated Cash Flow Statements as of December 2025
ANNEX CONSOLIDATED CASH FLOW STATEMENTS AS OF 30 DECEMBER 2025 (€/000) 2025 2024 Proceeds from the sale of treasury shares to stock option beneficiaries 4,754 581 Change in other financial assets (349) (526) Payment of finance lease installments (principal) (20,373) (19,749) Net cash generated by (u
Slide 53: Changes in Consolidated Shareholders' Equity
ANNEX STATEMENTS IN CHANGES IN CONSOLIDATE SHAREHOLDERS’ EQUITY AT 30 DECEMBER 2025 Remeasurement Share Legal Share Group Non- reserve Translation Other (€/000) premium shareholders' controlling Total capital reserve for defined reserve reserves reserve equity interests benefit plans At 1 January 20
Slide 54: Manager's Declaration – Mauro Barani
The Manager in charge of preparing the company’s financial reports declares - pursuant to paragraph 2 of Article 154-bis of the Consolidated Law on Finance - that the accounting information contained in this presentation corresponds to the document results, books and accounting records. S.Ilario d’E